HomeMy WebLinkAboutCC Reso No 2006-029RESOLUTION NO. 2006-29
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE APPROVING A JOINT COMMUNITY FACILITIES
AGREEMENT AND A FUNDING, CONSTRUCTION AND
ACQUISITION AGREEMENT RELATING TO THE CITY OF
LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO.
2006-1 (SUMMERLY)
WHEREAS, the City Council (the "Council") of the City of Lake Elsinore (the
"City") has heretofore adopted Resolution No. 2006-08 ("Resolution of Intention")
stating its intention to form City of Lake Elsinore Community Facilities District
No. 2006-1 (Summerly) (the "CFD") pursuant to the Mello-Roos Community Facilities
Act of 1982, as ainended (the "Act"); and
WHEREAS, Section 53316.2 of the Act states that a community facilities district
may finance facilities to be owned or operated by an entity other than the agency that
created the district only pursuant to a joint community facilities agreement or a joint
exercise of powers agreement; and
WHEREAS, certain facilities and capital fees to be financed by the CFD include
those facilities and capital fees to be owned or operated by the Elsinore Valley Municipal
Water District.
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 Joint Community Facilities
Agreement in substantially the form presented to the City Council at this meeting. The
Mayar, the City Manager and the Director of Administrative Services are hereby
authorized to execute the Joint Community Facilities Agreement 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. The City Council hereby approves the Funding, Construction and
Acquisition Agreeinent in substantially the form 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 Funding, Construction and Acquisition Agreement 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.
CITY COUNCIL RESOLUTION NO. 2006-29
Page 2 of 2
SECTION 3. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND ADOPTED this 28 day of February, 2006, by the
following vote:
AYES: COUNCILMEMBERS: HICKMAN, KELLEY, SCHIFFNER,
MAGEE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS:
BU Y
l ~s
Robert E. Mage,~,~
City of Lake E~sm
ATTES :
~-~~
Frederick Ray, Ty Clerk
City of Lake Elsinore
ara Zeid ~leibold, City Attorney
of Lake Elsinore