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2003-011- Authorizing The Town Manager/Executive Director Execute All Documents Pertaining To The Silicon Valley Habitat For Humanity House To Be Constructed At 25 Charles ARESOLUTION NO. 2003 - 011 .JOINT RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY , OF'THE TOWN OF.LOS GATOS AUTHORIZING THE TOWN MANAGER/EXECUTIVE DIRECTOR EXECUTE ALL DOCUMENTS PERTAINING TO THE SILICON VALLEY HABITAT FOR HUMANITY HOUSE TO BE CONSTRUCTED AT 25 CHARLES AVENUE WHEREAS, on September 15, 2000, a Disposition and Development Agreement (the "DDA") was recorded with the County of Santa Clara; and WHEREAS, the DDA formed an agreement between the Redevelopment Agency of the Town of Los Gatos (the "Agency") and Silicon Valley Habitat for Humanity ("Habitat")for the construction of an affordable home on property known as 25 Charles Avenue; and WHEREAS, Habitat has met the pre-development conditions of the DDA and would like to begin construction of the house in .Spring 2003. RESOLVED, that the Town Manager/Executive Director is hereby .authorized to execute and/or accept all documents to carry out the terms of the DDA. Such documents, as-attached as exhibits, include, but are not limited to, escrow instructions,. grant deeds, certificate confirming transfer of fund, certificate accepting real property, Resale Restriction and Option of Purchase, Deed of Trust and Promissory Note, all substantially in the form of those attached. PASSED AND ADOPTED at a regular meeting of the Town Council/Redevelopment of the Town of Los Gatos, California, held on the 21st day of January, 2003 by the following vote: COUNCIL MEMBERS/REDEVELOPMENT AGENCY BOARD MEMBERS AYES: Steve Glickman, Diane McNutt, Joe Pirzynski, Mike Wasserman, Mayor Sandy Decker NAYS: None ABSENT: None ABSTAIN.: None SIGNED: MAYOR/AGETYCY CHAIRPERSON OF THE TOWN OF LOS GATOS, LOS GATOS, CALIFORNIA ATTEST: CLERK/AGENCY SECRBTARY OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA