HomeMy WebLinkAboutCC Reso No 2007-011RESOLUTION NO. 2007-11
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAKE ELSINORE APPROVING FEE DEPOSIT AND
REIMBURSEMENT AGREEMENTS RELATING TO THE
CITY OF LAKE ELSINORE COMMUNITY FACILITIES
DISTRICT NO. 2006-9 (TRIESTE)
WHEREAS, the City Council (the "Council") of the City of Lake Elsinare
(the "City") has heretofare adopted Resolution No. 2006-205 ("Resolution of
Intention") stating its intention to form City of Lake Elsinore Communiry Facilities
District No. 2006-9 (Trieste) (the "CFD") pursuant to the Mello-Roos Community
Facilities Act of 1982, as amended (the "AcP'); 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 capital fees, respectively, which are eligible for refund upon the sale of
the Bonds and the payment of such City capital fees and EVMWD capital fees
from the proceeds of such Bonds.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND
ORDER 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 completions 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.
CITY COiJNCIL RESOLUTION NO. 2007-11
PAGE 2 OF 2
PASSED, APPROVED AND ADOPTED this 23rd day of January, 2007,
by the following vote:
AYES: COUNCILMEMBERS: BUCKLEY, HICK.MAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
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Robert E. Magee,
City of Lake Elsin
ATTEST:
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Michelle Soto, Deputy City Clerk
City of Lake Elsinore
AP OVED ~ TO F
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B bara Zeid eibold, City Attomey
City of Lake Elsinore