HomeMy WebLinkAbout1999-08-17 - Trillium Corp.Resolution
A RESOLUTION AUTHORIZING AND APPROVING A FINAL EFFORT TO
ENTER INTO A DEFINITIVE AGREEMENT WITH TRILLIUM CORPORATION
IN CONNECTION WITH THE INTERGOVERNMENTAL AGREEMENT AND
APPROVING ACTIONS AND DOCUMENTS RELATED THERETO.
WHEREAS, the City has approved the L-385 Levee Redevelopment Plan, as amended
("Redevelopment Plan"), to redevelop the Redevelopment Area (as defined in the Redevelopment
Plan); and
WHEREAS, the City, the Tax Increment Financing Commission of Riverside, Missouri
("Commission"), the Riverside-Quindaro Bend Levee District of Platte County, Missouri, Platte
County, Missouri, a Missouri first class county, Missouri Development Finance Board and Trillium
Corporation, a Washington corporation ("Trillium") entered into the L-385 Intergovernmental
Agreement ("Cooperative Agreement") relating to implementation of the Financing Plan for the
Riverside/Quindaro L-385 Levee Project; and
WHEREAS, the Cooperative Agreement provides for other more definitive agreements
between various parties to this Agreement to implement the objectives of the Cooperative
Agreement; and
WHEREAS, the City has attempted but has been unable to negotiate the terms of a definitive
agreement with Trillium; and
WHEREAS, the City desires to make a final attempt to reach a definitive agreement with
Trillium for the implementation of Trillium's obligations under the Cooperative Agreement;
BE IT RESOLVED BY THE BOARD OF ALDERMAN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
Section 1. The Board finds that the City has made numerous good faith attempts to
negotiate a definitive agreement with Trillium as provided in the Cooperative Agreement and that
to date, Trillium has made little, if any, effort towards this end.
Section 2. The City Attorney is authorized to send to Trillium a letter setting a specified
dead line for the execution of a definitive agreement with terms agreeable to the City. The final form
of such definitive agreement shall be subject to the approval of the City.
Section 3. The Mayor, the City Administrator, the City Attorney and other appropriate
City officials are hereby authorized to take any and all actions as may be deemed necessary or
desirable to carry out and comply with the intent of this Resolution and to execute and deliver for
and on behalf of the City all certificates, instruments, agreements and other documents, as may be
~-' "necessary or desirable to effectuate the intent of this Resolution.
Section 4. This Resolution shall be in full force and effect from and after its passage and
approval.
ADOPTED this 17`~ day of August 1999.
A T
C' Clerk
Mayor