HomeMy WebLinkAboutResolutions - No. 80-39RESOLUTION NO. 80-39
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LORI
TO EXERCISE ITS OPTION UNDER THE PROVISIONS OF THE
OPTION AGREEMENT DATED MARCH 31, 1975 FOR THE OLD
TOKAY HIGH SCHOOL CAMPUS IN THE CITY OF LODI
RESOLVED, that the City Council of the City of Lodi
has determined to exercise its option under the provisions of the
Option Agreement dated March 31, 1975, for the purchase of the
Old Tokay High School campus in the City of Lodi..
BE IT FURTHER RESOLVED, by the City Council of the City
of Lodi that the City of Lodi would place in escrow at Title
Insurance and Trust Company of this City on or before March 12,
19801 the total purchase price of $475,000.00, minus $4,750.00
which was the consideration for said option.
Dated: March 5, 1980
I hereby certify that Resolution No. 80-39 was
passed and adopted by the City Council of Lodi
in a regular meeting held March 5, 1980 by the
following vote:
Ayes: Councilmen - Hughes, McCarty, Pinkerton
and Katzakian
Noes: Councilmen - Katnich
Absent: Councilmen - None
I If
ALICE M. REIMCHE
CITY CLERK
80-39