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<br />Section 2. Approval of Modification. The City Commission hereby approves a modification <br />to Resolution No. 2005-859, passed and adopted by the Commission on November 17, 2005, to <br />required payments based on the terms and conditions reflected in the promissory note attached <br />hereto as Exhibit "A". <br /> <br />Section 3. Approval of Promissory Note. The City Commission hereby approves the terms <br />and conditions reflected in the attached promissory note. <br /> <br />Section 4. Authorization of the City Attorney and City Manager. The City Attorney and the <br />City Manager are' hereby authorized to do all things necessary to effectuate the intent of this <br />Resolution. <br /> <br />Section 5. <br /> <br />Effective Date. This Resolution shall become effective upon adoption. <br /> <br />PASSED AND ADOPTED this 20th day of September 2007. <br /> <br />ATTEST: <br /> <br />~f 4:~ <br /> <br />Jane A. Hines, CMC, City Clerk <br /> <br /> <br />~/ <br /> <br />APPROVE~ AS TO FORM <br />AND LEG L C NCY: <br /> <br /> <br />Moved by: V, C-l. M~oy l1ilCrt-crJC <br />Seconded by: (JJ ~ ~ Rz..21tJ <br /> <br />Vote: 4-0-\ <br /> <br />Mayor Edelcup <br />Vice Mayor Thaler <br />Commissioner Brezin <br />Commissioner Goodman <br />Commissioner Iglesias - ~$~ <br /> <br />v (Yes) <br />- . <br />~(Y es) <br />\/(Yes) <br />!/1Ves) <br />_eVes) <br /> <br />_(No) <br />_(No) <br />_(No) <br />_(No) <br />_(No) <br /> <br />Approval of Promissory Note <br />Mansiana, Ocean Residences, LLC <br />