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Resolution 2014-39RESOLUTION NO. 2014 39 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY APPROVING DELEGATION OF AUTHORITY TO CITY ADMINISTRATOR FOR APPROVAL OF REAL PROPERTY TRANSACTIONS REQUESTED OF THE HOUSING AND COMMUNITY DEVELOPMENT DIVISION OF THE COMMUNITY DEVELOPMENT DEPARTMENT WHEREAS, the Housing and Community Development division of the Community Development Department often receives real property transaction requests; WHEREAS, such requests are often procedural in nature and can be signed off by the city administrator; and WHEREAS, a delegation of authority to the city administrator will allow for more timely response of real property transaction requests where time is often of the essence; and WHEREAS, such delegation is limited to such actions that do not impose an additional fiscal impact (expense) to the city not previously considered by the city council, or that increases the liability of the city with respect to the transaction; and WHEREAS, the delegation of authority includes, but is not limited to, requests for subordinations, financing, refinancing, and reassignments to new entities; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GILROY, CALIFORNIA, as follows: 1. The City Council hereby delegates authority to the city administrator, to execute on behalf of the city, all real property transactions that do not impose an additional fiscal impact (expense) to the city not previously considered by the city council, or that increase the liability of the city with respect to the transaction. . 2. The City Council hereby approves such delegation of authority with the express limitation that this particular resolution shall apply only to such requests submitted to the Housing and Community Development division of the Community Development Department for properties managed in and through the division's real estate portfolio. 3. This resolution shall take effect upon the date of its final passage. RESOLUTION NO. 2014 —39 FA PASSED AND ADOPTED this 4h day of August, 2014 by the following roll call vote: AYES: COUNCILMEMBERS: ARELLANO, AULMAN, BRACCO, LEROE- MUNOZ, TUCKER, and GAGE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: WOODWARD ATTEST: ShaWrfa Freels, City Cler APPROVED: � Donald Gage, Mayor RESOLUTION NO. 2014 —39 I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2014 -39 is an original resolution, or true and correct copy of a city resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 4th day of August, 2014, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 6th day of August, 2014. Sbavrna Freels, MMC City Clerk of the City of Gilroy (Seal)