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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />RESOLUTION NO. 18 <br />A RESOLUTION OF THE OVERSIGHT BOARD FOR CITY OF <br />RIVERSIDE AS SUCCESSOR AGENCY TO THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE APPROVING A LEASE <br />AMENDMENT FOR SIMPLE SIMON'S BISTRO AND BAYERY <br />WHEREAS, on January 10, 2012, the City Council adopted Resolution No. 22322 re- <br />affirming the authorization of the City of Riverside to become Successor Agency to the <br />Redevelopment Agency of the City of Riverside ("Successor Agency") pursuant to ABx 126; and <br />WHEREAS, subsequent legislation entitled "Assembly Bill 1484", signed into law on June <br />27, 2012, makes substantive amendments to ABx 1 26 and specifically includes a requirement, set <br />forth at Health & Safety Code section 34179(e), that all actions taken by the oversight board be <br />adopted by resolution; and <br />WHEREAS, on June 7, 2012, the Successor Agency received a request from Simple Simon's <br />Bakery and Bistro ("Tenant"), currently the tenant at 3633 Main Street, to add two additional 5-year <br />options to the Tenant's existing lease ("Lease Agreement") which is set to expire July 31, 2016; and <br />WHEREAS, approval of two additional 5-year options will ensure the continued presence of <br />the Tenant on the Main Street Riverside Pedestrian mall and will provide a long term economic <br />benefit to other downtown businesses by drawing patrons to the downtown area; and <br />WHEREAS, pursuant to Health & Safety Code sections 34177(f) and 34181(e), the proposed <br />amendment to the Lease Agreement was reviewed and approved by the Successor Agency on June <br />26, 2012 and the Oversight Board for the City of Riverside as Successor Agency to the <br />Redevelopment Agency of the City of Riverside on August 30, 2012. <br />NOW, THEREFORE, BE IT RESOLVED by the Oversight Board for the City of Riverside <br />as the Successor Agency to the Redevelopment Agency of the City of Riverside, as follows: <br />Section 1: Pursuant to Health & Safety Code sections 34177(f) and 34181(e), the Oversight <br />Board for the City of Riverside as Successor Agency of the City of Riverside does hereby: approve <br />the proposed amendment to the Lease Agreement; and direct the Successor Agency to transmit this <br />resolution to the Department of Finance. <br />Crry ATToRNT.y 'S OFFICE <br />3900 MAIN STRLE <br />MvFRsum, CA 92522 <br />(951) 326-5567 <br />