2003-12-02 Centre Pointe - Ratification of Action - CP Development, LLCCENTER POINT .DEVELOPMENT, LLC
RESOLUTION AND RATIFICATION OF ACTION OF MEMBERS WITHOUT
MEETING AND WAIVER OF MEETING
We the undersigned Members ("Members") of CENTER POINT DEVELOPMENT,
LLC ("Company") do hereby waive notice of time, place and purpose for a special
meeting of the members of the Company and do hereby ratify, affirm, and adopt the
following actions notwithstanding any provisions of the Company's operating agreement.
THEREFORE upon motion duly made, seconded and unanimously passed by all of the
Members, the Members hereby agree to an assignment of all rights, title, interests,
obligations and liabilities in the City of La Quinta DDA agreement for the development
of the projects known as the Center Point Project from Center Point Development, LLC
to CP Development, LLC, a California Limited Liability company.
FURTHERMORE upon motion duly made, seconded and unanimously passed by all of
the Members, the Members hereby approve the payment of consideration the sufficiency
of which is hereby acknowledged to Curtis E. Pickering upon Mr. Pickering's execution
of this resolution.
WITNESS our hands this 2nd day of December, 2003.
By: `
RICHARD OLIPHANT
OLIPHANT FAMILY TRUST
BY: '
fi4f-NNIS FRENCH, Individually and n behalf of
I, INC.
By:
CURTIS E-14CKERING
TWELVE STONE TRUST