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RESOLVED* that the action of President Bailey and Assistant Secretary How in executing CoL0D 0 15597* dated December 13 9 1966 with Julian Cohen and Henrietta Cohen* husband and wife* granting option to purchase parcel of land described therein* in City of Industry* California* except minerals and mineral I rights9 option to commence on date of agreement and continue for two years* or until Purchaser shall have, given written notice of his desire to release said option* consideration to be equal to the general and special taxes* including any special district levies* assignable to the period during which Purchaser shall be liable* plus any assessments for public improvements not charge™ able to Capital Accounts. Purchase price to be $lll*726o41* plus any assessments levied for public improvements chargeable to Capital Accountso Purchaser shall have right to exercise option by delivering to the Land Company written notice of its intention to do so* together with full amount of the purchase price and upon condition that Purchaser shall have entered into an agreement for the construction upon the option parcel of a good and substantial concrete tilt-up or brick office* warehouse and manufacturing building* containing an area of not less than 50*000 square feet* plans to be submitted to the Land Company for its approvalo Land Company shall deliver deed conveying parcel purchased* subject to easements referred to therein* taxes for the fiscal year in which On motion duly seconded,, it was <*3™