HomeMy WebLinkAboutCC Reso No 1988-36RESOLUTION NO. 88-36
RESOLUTION OF THE CITY COUNCIL OF TAE
CITY OF LAKE ELSINORE, RIVERSIDE COUNTY,
CALIFORNIA, APPROVING AND AUTHORIZING
EXECUTION OF ACQUISITION AGREEMENT
(FRIEDMAN HOMES)
WHEREAS, the City Council of the City of Lake Elsinore has
received and reviewed an agreement by and between the City of
Lake Elsinore (the ~~City") and Friedman Homes (the "Developer")
entitled Agreement for Acquisition (the "Agreement"); and
WHEREAS, the Agreement provides that the Developer will
construct certain improvements generally described as follows:
Construction and acquisition of improvements
for streets, street signs and signals, curb
and gutter, sidewalks, retaining walls,
bridges, storm drains, water facilities,
sewerage facilities and slope protection
together with appurtenances and appurtenant
work and acquisition of rights-of-way and/or
fee title to land, if necessary, and
incidental expenses in connection therewith
(the "Improvements"); and
WHEREAS, the Agreement further provides that, upon
completion of construction of the Improvements, the City will
undertake proceedings general described as follows:
Formation of a Community Facilities District
under the Mello-Roos Community Facilities Act
of 1982 for the purpose (a) of issuing bonds
secured by a special tax to reimburse the
Developer for the costs of the Improvements
and to pay for incidental costs in connection
therewith and for the purpose (b) of annually
levying a special tax to pay for police, fire
protection, ambulance and paramedic services
and to pay for maintaining parks, parkways and
storm drains, together with incidental
expenses in connection therewith.
Formation of a Landscaping and Lighting
District under the Landscaping and Lighting
Act of 1972 for the purpose of annually
levying an 3ssessment to pay for the cost of
the maintenance and servicing of street
lighting, landscaped areas and any other
improvements authorized thereunder, including
acquisition of land for park, recreational or
open-space purposes, together with incidental
expenses in connection therewith.
Page 1 of 2
WHEREAS, the Agreement further provides that the Community
Facilities District and Landscaping and Lighting District will
encompass those lands within Tentative Tract Nos. 20472, 20704
and 20705:
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Lake Elsinore does hereby find, declare and determine as
follows:
Section 1. Recitals. The above recitals are all true and
correct.
Section 2. Execution of Agreement. The City Council
hereby approves and authorizes execution of the agreement
entitled:
Agreement for Acquisition
Summerhill at Canyon Ridge Project
in substantially the form on file with the City Clerk.
Section 3. Filina. The Agreement shall be filed with the
transcript of proceedings for the financing of the Improvements
and shall be open to public inspection.
Section 4. Effective Date. This resolution shall take
effect upon its adoption.
PASSED, APPROVED AND ADOPTED this 12th day of July ~
1988, at the regular meeting of the City Council by the following
roll call vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY, WASHBURN,
WINKLER
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTENTIONS: COUNCILMEMBE
_ AT'i'EST:
-- Vicki Lr n Kasad, City Clerk
(SEAL)
AP ROD'ED .A.a '1'O FORM:
~-~C./V~UV ~
John R. Harper, i Attorney
Page 2 of 2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
' DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the
City Council of the City of Lake Elsinore at a regular meeting of
said Board on the 12th day of July, 1988, and that it was so
adopted by the following vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY, WASHBURN,
WINKLER
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
~~l~C~a,
VICKI LY.TZP SAD, CITY CLERK
CTTY OF LAKE ELSI~TORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. 88-36, of said Board, and that
the same has not been amended or repealed.
DATED: E7~sl~r 73, 1988
~/~• ~~ ,
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VICKI LYh ~'KASAD, CITY CLERK
CYTY OF LAKE ELSIP30RE
(SEAL)