City Council

11. AGREEMENT - THIRD AMENDED AND RESTATED DISPOSITION AND\nDEVELOPMENT AGREEMENT AMONG THE CITY, CORONA HOUSING AUTHORITY,\nREST AREA, LLC. AND SUN CIRCLE, LLC. AND AMENDED AND RESTATED LICENSE\nAGREEMENT WITH REST AREA, LLC.\nThat the City Council:\na. Approve and authorize the City Manager to execute the Third Amended and\nRestated Disposition and Development Agreement among the City, Corona\nHousing Authority, Rest Area, LLC., and Sun Circle, LLC., contingent upon\nreceipt by City of the properly executed grant deed for the North Mall Property.\nb. Approve and authorize the City Manager to execute the First Amended and\nRestated License Agreement with Rest Area, LLC to remove the $200,000 Tenant\nImprovement Credit.\nThat the Corona Housing Authority approve and authorize the Executive Director\nto execute the Third Amended and Restated Disposition and Development Agreement\namong the City, Corona Housing Authority, Rest Area, LLC. and Sun Circle, LLC.,\ncontingent upon receipt by Authority of the properly executed grant deed for the North\nMall Property.