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HomeMy WebLinkAbout30-07 • • RESOLUTION NO. 30-07 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS AUTHORIZING THE CITY MANAGER TO ENTER INTO A LOAN AGREEMENT WITH THE FRIENDS OF WESTWIND, INC. FOR THE PURPOSE OF REPAIRING THE SURFACE OF THE LOWER RIDING ARENA AT WESTWIND BARN WHEREAS, The Friends of Westwind Barn have requested a loan from the Town in order to conduct certain repairs to the lower arena; and WHEREAS, On May 16, 2007 the Westwind Community Barn Standing Committee voted to recommend to the City Council that such a loan, with certain stipulations, should be approved; and WHEREAS, The City Council finds that it is in the interest of public safety to facilitate the immediate repair of the Westwind Barn lower arena; and WHEREAS, The Friends of Westwind, Inc. have provided a project quote from West Coast Footings & Supply Co. , Inc. in the amount of $27,898.75, for the proper repair the surface of the lower riding arena at Westwind Barn, and NOW, THEREFORE, the City Council of the Town of Los Altos Hills does hereby authorize the City Manager to execute an agreement between the Town and the Friends of Westwind for a loan in an amount not to exceed $28,000 for the purpose of repairing the lower riding arena surface at the Westwind Barn, to be repaid within 18 months by crediting back to the Town certain stall and pasture rental fees that are otherwise chargeable to the Town as stipulated in the 2007 Operating Agreement between the Town and Friends of Westwind. PASSED AND ADOPTED this 24th day of May, 2007. B ayor .� City I lerk