RESOLUTION OF AGENCY BOARD OF THE REDEVELOPEMNT AGENCY OF THE CITY OF RENO TO CONVEY THAT CERTAIN REAL PROPERTY LOCATED AT 10 SOUTH LAKE STREET, RENO, NEVADA TO THE HARRAH AUTOMOBILE FOUNDATION, A NEVADA NON-PROFIT CORPORATION PURSUANT TO NRS 279.472.
WHEREAS, the Redevelopment Agency of the City of Reno (the “Agency”) is charged with implementing the Redevelopment Plans pursuant to Nevada Community Redevelopment Law, Nevada Revised Statutes 279.382 et seq. (the ”Community Redevelopment Law”) and is authorized to engage in redevelopment activities that alleviate blighting conditions within the Project Areas; and
WHEREAS, the Redevelopment Agency of the City of Reno (the “Agency”) is the owner of that certain real property located at 10 South Lake Street, Reno, Nevada, more particularly described as Assessor Parcel Number 011-124-23, hereinafter the “Property”; and
WHEREAS, The Harrah Automobile Foundation (“Museum”), is a Nevada non-profit corporation recognized as tax exempt under section 501(c)(3) of the Internal Revenue Code; and
WHEREAS, the mission of the Museum is to collect and preserve the automobile for future generations, with an emphasis on vehicles collected by William Fisk “Bill” Harrah, to tell the story of the impact of the automobile on American Society, and to perpetuate the legacy of Mr. Harrah as a renowned collector; and
WHEREAS, the Museum offers entertaining and educational experiences through special programs, exhibits, events and stories about our collections; and
WHEREAS, with generous donations from the City of Reno Redevelopment Agency, the State of Nevada, and many individuals and organizations, this Museum opened on November 5, 1989; and
WHEREAS, the Agency and Museum entered into that certain Lease Agreement dated February 27, 1996; and,
WHEREAS, pursuant to NRS 279.472 of the Community Redevelopment Law, the Agency is authorized to convey land without public bidding, but only after a public hearing is conducted; and
WHEREAS, the Agency Board directs that the Property be conveyed to Museum pursuant to NRS 279.472 and the Purchase and Sale Agreement set forth in Exhibit A (the “Agreement”).
NOW THEREFORE be it hereby resolved by the Redevelopment Agency of the City of Reno Board as follows:
Section 1. The Agency Board hereby finds that the foregoing recitals are true and correct and are incorporated by reference.
Section 2. the Agency Board directs that the Property be conveyed to the Museum without public bidding after a public hearing is conducted in accordance with NRS 279.472.
Section 3. The Agency Board hereby approves the Agreement set forth in Exhibit A, and the Chairman is authorized and directed to execute the Agreement on behalf of the Agency.
Section 4. The Executive Director is hereby authorized and directed to make revisions to the Agreement, approved by the City Attorney, which do not materially or substantially increase the Agency’s obligations thereunder, and to take all actions necessary or appropriate to carry out and implement the Agreement and administer the Agency’s obligations, responsibilities and duties to be performed under the Agreement and the documents herein approved and authorized to be executed.
Section 5. The Agency Secretary is hereby authorized and directed to attest the signature of the Chairman as may be required in connection with the execution and delivery of the Agreement in accordance with this Resolution. The members, officers, and agents of the Agency are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver the Agreement and otherwise to carry out, give effect to, and comply with the terms and intent of this Resolution and the documents herein approved and authorized to be executed.
Section 6. This resolution shall take effect immediately upon its passage.
Upon motion by Councilmember , and seconded by Councilmember
, the foregoing Resolution was passed and adopted this ________ day of
, 2014, by the following vote of the Council:
APPROVED this day of , 2014.
ROBERT A. CASHELL, SR.
LYNNETTE R. JONES