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2011/08/23 City Council Resolution 2011-78RESOLUTION NO. 2011-78 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK RESCINDING RESOLUTION NOS. 2005 -331 AND 2006 -273 WHEREAS, the City of Rohnert Park ( "City ") owns certain real property consisting of approximately 18.21 acres and commonly known and referred to as Sonoma County Assessor's Parcel Number 045 -041 -018 ( "Property "); WHEREAS, the City Council approved a Land Purchase Agreement on November 8, 2005, via Resolution No. 2005 -331 in which Mr. Charles C. Traboulsi agreed to purchase the Property from City; WHEREAS, the City Council approved a Grant of Easement Agreement with Mr. Traboulsi via the adoption of Resolution No. 2006 -273 which also related to the Property; WHEREAS, neither the Land Purchase Agreement nor the Grant of Easement Agreement contemplated in said Resolutions were fully executed; and WHEREAS, the parties have agreed to terminate the exchange pursuant to a Settlement Agreement and Mutual Release which makes the actions contemplated by said Resolutions null and void. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park that Resolutions Nos. 2005 -331 and 2006 -273 related to the Property are hereby set aside and rescinded. DULY AND REGULARLY ADOPTED by the City Council of the City of Rohnert Park this 23rd day of August, 2011. CITY OF ROHNERT PARK AHANOTU: AYE CALLINAN: ABSENT MACKENZIE: ABSENT STAFFORD: AYE BELFORTE: AYE AYES: (3) NOES: (0) ABSENT: (2) ABSTAIN: (0) OAK #4835- 2273 -8954 vi