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RESOLUTION NO 8261 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS <br />AUTHORIZING THE CITY MANAGER TO AMEND AND/OR TERMINATE <br />TENANT LEASE AGREEMENTS AFTER THE CITY'S ACQUISITION OF, <br />AND FOR, THE REAL PROPERTY LOCATED AT 300 E STATE STREET <br />WHEREAS, the City of Redlands is presently under contract to acquire fee title to the <br />occupied buildings and that certain real property located at 300 E State Street (together, the <br />"Property"), and <br />WHEREAS, the close of escrow is scheduled to occur on September 30, 2021, after which <br />date the City will be the sole owner of the Property and will have been assigned and assumed all <br />leases associated with the occupied buildings on the Property, and <br />WHEREAS, the City Council is aware that some of the present tenants of the Property may <br />wish to amend and /or terminate their respective leases subsequent to the City's acquisition of the <br />Property and, to increase efficiency and expedite the processing of such amendments and/or <br />terminations, the City Council desires to delegate the authority for the approval of the same to the <br />City Manager, <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redlands as <br />follows <br />Section 1. The City Council of the City of Redlands hereby authorizes the City Manager, <br />or his or her designee, to amend and/or terminate existing tenant lease agreements for the real <br />property located at 300 E State Street <br />ADOPTED, SIGNED AND APPROVED this 21st da 2021 <br />Paul T Barich, Mayor <br />ATTEST <br />Donaldson, City Clerk <br />-1- <br />I•\Resolutions\Res 8200 8299\8261 Delegatmg Authority to Tenant Agreement for 300 State St.docx <br />