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HomeMy WebLinkAboutOrd. No. 1980-60213 ORDINANCE NO. 602 AN ORDINANCE OF THE CITY COUNCIL OF .THE CITY OF LAKE ELSINORE PROVIDING FOR THE ADOPTION OF A DEVELOPMENT AGREEMENT BETWEEN THE CITY AND THE DEVELOPER OF CANYON LAKE HILLS; PROVIDING REASONS THEREFOR; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. +r dr- ~~ THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY ORDAIN AS FOLLOWS: 1. The City Council of the City of Lake Elsinore finds and delclares that Assembly Bill No. 853 was adopted as Chapter 939 and made effective September 21, 1979, being further designated as Sections 65864-65869.5, California Government Code; the Council further finds and declares that the developers of Canyon Lake Hills have made application to annex territory to the City of Lake Elsinore consisting of one thousand (1,000) acres more or less; the City Council further finds and declares that Canyon Lake Hills is to be developed as a self- contained residential community; the Council further finds and declares that it is in the best interests of the City of Lake Elsinore to enter into a develop- ment agreement with the developers of Canyon Ldke Hills reviewable every twelve (12) months establishing the rights and obligations of the City and the developer and creating the necessary control over the developer to insure development to the standards required by the City. Accordingly, there is hereby adopted as an Ordinance of the City of Lake Elsinore the following provisions: 2. The development agreement negotiated bet~een the City and the developer of Canyon Lake Hills is hereby adopted as an ordinance of the City of Lake Elsinore pursuant to the provisions of Resolution 80-13 adopted by the City and pursuant to Sections 65864 through and including 65869.5, California Government Code, all as more specifically described and set forth in the agreement wihich is attached hereto as "Exhibit A". 3. This Ordinance shall not be effective unless and until the territory herein described has been annexed and after the posting and publication and requirements of Section 36933, Government Code have been met. PASSED AND ADOPTED by'the City Council of the City of Lake Elsinore, at an adjourned regular meeting held on the 22nd day of April, 1980. s/ Jerry H. Stewart Mayor, City of Lake Elsinore ATTEST: s/ Florene Marshall City Clerk, City of Lake Elsinore