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<br /> TOWN OF TRUCKEE <br /> California <br />I ORDINANCE 2007-09 <br /> AN ORDINANCE OF THE TOWN OF TRUCKEE <br /> APPROVING A SUPPLEMENTAL DEVELOPMENT AGREEMENT, <br /> ALSO KNOWN AS AMENDMENT NO.3, TO THE OLD GREENWOOD <br /> PLANNED DEVELOPMENT, DEVELOPMENT AGREEMENT BETWEEN <br /> THE TOWN OF TRUCKEE AND OLD GREENWOOD, LLC <br /> The Town Council of the Town of T ruckee Does Ordain as Follows: <br /> Section 1. Enactment. A Supplemental Development Agreement to the Development Agreement <br /> concerning the Old Greenwood Planned Development project, which is on file in the office of the Town Clerk <br /> and incorporated herein by reference herein as if fully set forth, is hereby approved. The Supplemental <br /> Development Agreement, also referred to as Amendment No. 3 of the Old Greenwood Development <br /> Agreement, is described in Exhibit "A", attached hereto and. incorporated herein. <br /> Section 2. Enactment. The Town Mayor is hereby authorized and the Town Manager is hereby <br /> directed to execute the Supplemental Development Agreement upon the property owner's execution of the <br /> Supplemental Development Agreement. This authorization shall be valid for a period of 60 days from the <br /> effective date of this Ordinance at which time the authorization to execute the amendment to the agreement <br /> provided by this Ordinance shall become null and void. The Town Manager is hereby further directed to <br /> record this Ordinance and the Supplemental Development Agreement in the official records of Nevada <br /> County, within 10 days of execution of the Supplemental Development Agreement. <br />I Section 3. Findinqs. The Council hereby adopts the findings set forth in Exhibit "E" of Town Council <br /> Resolution No. 2007-39 in support of approval of the Supplemental Development Agreement. <br /> Section 4. Summarv Publication and Postinq. This ordinance or a summary thereof shall be <br /> published once in a newspaper of general circulation within 15 days after its adoption. <br /> ****** <br /> The foregoing Ordinance was introduced at a regular meeting of the Truckee Town Council <br /> held on the 20th day of September 2007, and adopted at a regular meeting of the Truckee Town <br /> Council, on the 4th day of October 2007, by Council Member Dee, who moved its introduction, which <br /> motion was seconded by Council Member Susman was carried by the following vote: <br /> AYES: Council Member Dee, Council Member Susman, and Vice Mayor Green. <br /> NOES: None. <br /> ABSENT: Council Member Brown and Mayor Anderson. <br /> ~(V1 <br /> ~ARD ANDERSON, Mayor <br /> ATTEST: APPROVED AS TO FORM: <br />I - ,'1 ~ "-~ ~. ~~ <br /> J. ennis Crabb, Town Attorney <br />