HomeMy WebLinkAboutCC Reso No 2006-078RESOLUTION NO. 2006-78
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. 2006-3 (LA
STRADA)
WHEREAS, the City Council (the "Council") of the City of Lake Elsinore
(the "City") has heretofore adopted Resolution No. 2006-10 ("Resolution of
Intention") stating its intention to form City of Lake Elsinore Community Facilities
District No. 2006-3 (La Strada) (the "CFD") pursuant to the Mello-Roos
Community Facilities Act of 1982, as amended (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 fo 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 Mayor, 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 Agreement in substantially the form presented to the City Council
~~ at this meeting. T'he Mayor, the City Manager and the Director of Administrative
CITY COUNCIL RESOLUTION NO. 2006-78
Page 2 of 2
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.
SECTION 3. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND ADOPTED .this 13th day of June, 2006, by
the following vote:
AYES: COUNCILMEMBERS: Buckley, Hickman, Kelley
Schiffner, Magee
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
, - . ~
Robert E. M~
City of Lake
ATT .
~
Frederick , ity Clerk
City of Lake Elsinore
A ROVED AS ~O .
B bara Zei eibold, City Attorney
City of Lake Elsinore