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""I> Page 1 RESOLl:TlO: 10. 2fX&l Sf; RESOLUTIO" OF TilE COl :'C1L Of 1 HE rtrv Of FRES"O APPROV&quît;'G TIlE E"TE'SIO:'ll OF A DEBT PlRCIiASE AGREEIÅST (GUARAvn' ) BETWEES TilE on OF FRES'O "'0 t '''IH D SECt RITY BA!'K CáBA .x K w ' AS , (,O'DlTlO," TO A 51S.OOO.OOO (('OM1ÅRClAL DR AW, WA' FRO! TilE B"l'.'K TO THl: fRES'O .lETROI'OLlTAS ML'SÅt: t OF ART ""I> snf"Cf ( á MLSJ:UI á I , A SOSPRÎFIT 501(03/ r ORPORAT10N. A'U AUTHORJZING THE EXECUTJOS À'D OEt/VERY OF TIlE f.XnNSIO AGREHIESTS. ÀSO RELATED IXX'UME"lS, " :'liD TAÊISG ALL NECESSARY A CT I O RELATED TO TIlE TRANSArTIO,S. CÎl"SISTElT WITH 'I ms RESOLUTION, WHEREAS. the City &quît;f f resno is a municipal wp(lratiotl and ñhart.. cIty <.luly llrganiJ,e<.l an<.! c>,tsting under a Irt:.:h"I<.lersá charter pursuant to whiñh the CIty h.." the n gllt and pow..... l< male ànd enfcr...: alllaw s and regulations in respect to muniñipal alTatl"iand C"rlam other matkTs III accordance with am! a more particularly providåd in Sections J. S and 7 of Article XI of the Consnnmon of lh" SI.1IIî; of California and SáIioo 200 ofthc Chartår " ftllc ('tty; and WHEREAS. thå Fm.oo Mc'1!l'p..litan Museum of Art àm! s..' c,....c (the á llI........ má' tS a nonprofit 501(ñ) C31Ct"J'Ol'attoo that o"'TIS and 0I'CTllt a mlJ5<.'UlTl fur the ..'UIIUr,1l and educahonal enhancement of the c&quît;'lI11I1Iunit) and to soliClI and IICCCf'I oontnbutiom fîr thc<o.e PUll":'SC'á; and WIlEREAS. July 31. 2007. Council consid<-Ted and ad..pto:d RlutlÎn 2007-264. the t-rm of which arc Iflwrpî.....aled herein. approlog the City CJlIl-"Ilog Inio a loan 'IliUanl y ànd related documents. and delegatmg auth" rily 10 thå City bl!ager 1.. nellol,alCand CXOCU1C loàn d<"'UIl1CI'l1S: and l.HEREAS. the Museum is pursuing long.I'tIII financing, hut will he unable to pn....urc I"îg term financing I'rlnr t.. July I, .!008, as r'l(uired in lhe loan documñl'l1s. undthcr efore is rc'Cucstmg a 'N day ut'I1S"'O hum ils lender and thc City, -.;OW THERU 'ÎRJ:, artcr considenng the requested eõtension, the Cnullcd of the Ctty of f r...,.no h<'råh)' finds. deeemnees. declares and ",,,,,,I"cs as follî....s: s