HomeMy WebLinkAboutRES 2011-44RESOLUTION NO. 2011- 44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR ACCEPTING THE QUITCLAIM DEED FROM ERNST & YOUNG
INC., AS TRUSTEE OF THE BANKRUPTCY ESTATE OF BRAMALEA,
INC., OF ITS INTEREST IN PROPERTY LOCATED IN THE STARDUST
MINI -PARK
WHEREAS, ERNST & YOUNG INC., as bankruptcy trustee of BRAMALEA, INC.,
formerly known as BRAMALEA LIMITED ("ERNST & YOUNG") has agreed to quitclaim
its interest to the City of Diamond Bar in the real property (the "property") described in
Exhibit A to this Resolution;
WHEREAS, acceptance of ERNST & YOUNG's quitclaim of the property is in the
best interests of the City and its residents; and
WHEREAS, all legal prerequisites to the acceptance of this quitclaim and the
adoption of this Resolution have occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DIAMOND BAR
DOES HEREBY FIND, ORDER AND RESOLVE AS FOLLOWS:
Section 1. The City Council of the City of Diamond Bar does hereby find that
all of the facts set forth in the recitals of this Resolution are true and correct.
Section 2. The City Council of the City of Diamond Bar does hereby approve
and accept the quitclaim deed (attached as Exhibit A) from ERNST & YOUNG.
Section 3. The City Manager is authorized on behalf of the City of Diamond
Bar to execute the quitclaim deed and any and all documents necessary to
consummate the acceptance of ERNST & YOUNG's interest in the property.
Section 4. The City Clerk shall certify to the adoption of this Resolution and
cause the quitclaim deed to be recorded in the Office of the County Recorder.
PASSED, APPROVED AND ADOPTED this 1St day vember, 2011.
7,
STEVE E, Mayor
2011--44
I, Tommye A. Cribbins, City Clerk of the City of Diamond Bar do hereby
certify that the foregoing Resolution was passed, adopted and approved at a regular
meeting of the City Council of the City of Diamond Bar held on the 1st day of --
November , 2011, by the following vote:
AYES: COUNCIL MEMBERS: Everett, Herrera, Tanaka,
MPT/Chang, M/Tye
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
City Cler of the City of Diamond Bar
2011--44