HomeMy WebLinkAboutCC Reso No 2008-010RESOLUTION NO. 2008-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LAKE ELSINORE, CALIFORNIA, APPROVING FEE
DEPOSIT AND REIMBURSEMENT AGREEMENTS
RELATING TO THE CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2007-5 (RED
KITE)
WHEREAS, the City Council (the "Council") of the City of Lake Elsinore (the
"City") has heretofore adopted Resolution No. 198 ("Resolution of Intention") stating its
intention to form City of Lake Elsinore Community Facilities District No. 2007-5 (Red
Kite) (the "CFD") pursuant to the Melio-Roos Community Facilities Act of 1982, as
amended; and
WHEREAS, the developer with respect to the CFD intends to make a security
deposit with the City and EVMWD to cover certain City capital fees and EVMWD capitai
fees, respectively, which are eligible for refund upon the sale of bonds by the CFD and
the payment of such City capital fees and EVMWD capital fees from the proceeds of
such bonds.
NOW, TNEREFORE, the Cify Council of the City of Lake Elsinore, California,
does hereby resolve as follows:
Section 1. The City Council hereby approves the Fee Deposit and
Reimbursement Agreements in substantially the forms presented to the City Council at
this meeting. The Mayor, the City Manager and the Director of Administrative Services
are hereby authorized to execute the Fee Deposit and Reimbursement Agreements with
such revisions, amendments and compietions as shall be approved by the officer
executing the same, such approval to be conclusively evidenced by the execution and
delivery thereof.
Section 2 This Resolution shall take effect from and after the date of its passage
and adoption.
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council
of the City of Lake Elsinore, California, this 8th day of January 2(~08. ,
YOR
AT ~ST:
VIVIAN M. MUNSON
CITY CLERK
APPROVED AS TO FORM:
o • 'l4YG
RBARA ID LEIBOLD
CITY ATTORNEY
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )ss.
CITY OF LAKE ELSINORE )
I, VIVIAN M. MUNSON, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. zoos-io was adopted by the City Council of the City of
Lake Elsinore, California, at a regular meeting held on the 8th day of January 2008, and
that the same was adopted by the following vote:
AYES: MAYOR HICKMAN, COUNCILMEMBER BUCKLEY, COUNCILMEMBER MAGEE,
COUNCILMEMAER SCHIFFNER
NOES: NONE
ABSENT: rtaYOx rxo TEM KELLEY
ABSTAIN: NorrE
fL~.. t~l.~.~,0-..----
VIVIAN M. MUNSON
CITY CLERK
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