HomeMy WebLinkAboutRDA Reso No 1982RESOLUTION N0. CRAr82-1
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE, CALIFORNIA, SPECIFYING
AND REFERENCING DEVELOPMENT STANDARDS FOR COM-
MERCIAL AND MANUFACTURING USES WITHIN AN ADOPTED
REDE~ELOPMENT PROJECT AREA.
WHEREAS, the Redevelopment Agency desires to enhance the aesthetic
nature of the City by requiring stringent development standards; and
WHEREAS, the Redevelopment Agency desires developers and builders
to comply with the standards and conditions imposed by the Agency; and
WHEREAS, the Redevelopment Agency desires the conditions of approval
be recognized by subsequent property owners;
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the
City of Lake Elsinore requires conformance with the provisions of the
Covenants, Conditions and Restrictions and Development Standards for projects
within the Redevelopment Project Area, which said documents, designated as
Exhibit "A" and Exhibit "B" respectively, are attached hereto and made a part
hereof.
PASSED, APPROVED AND ADOPTED this 12th day of January, 1982 on the
following roll call vote:
AYES: Boardmembers Torn, Stewart, Baldwin, MacMurray and Chairman Unsworth
NOES: None
ABSENT: None
~~ ~ ~~~~
John G. Unsworth, Chairman
ATTESTi % .
r/` U~-,'~~ U' J ~Q~
Manuel A. Rede, Executive Director
(SEAL)
~ RECORDING REQUESTED.BY . ~ ~~
~ AND WHEN RECORDED ~ MAIL TO: ~ ~ ~ ~ . ~ ~ . , .
CITY OF LAKE ELSINORE . .. . . . . .. . . . . .
.~. CITY ~ CLERK .. ~ . . . . ~ . . . ~ ~ ~ . ~ .. ~ ~ ~ ~.
.~. 130 S.~ Main Street. ~ ~ ~ ~ ~ ~ ~ .. .
. Lake El-sinore,~ .California 92330~ ~ , ~ ~ ~ . . ~ ~
AGREEMENT CONTAINING COVENANTS, CONDITIONS AND RESTRICTIONS
. . . ~. .. - . ~
~~ THIS~AGREEMENT is-entered into~this ~~ day of ,~ 19 , by and
among the undersigned,- who have signed as and are herein referred to as the "Covenantor
- and the CITY OF LAKE.ELS2NORE, a~municipal corporation,~herein the "City;" with
.reference to the following: ~ . .. ~
. R E C I T A L S ~ .
A. Covenantor is the~owner of all that~certain..real property, herein.the
"Property," located in the City of~.Lake~Elsinore, County of Riverside, State of
~ California, and more particularly described~as follows: ~ ~ .
~~ . B. City has fee or~easement interest in various streets, sidewalks, and other
- property within the City and is responsible for planniny the development of land with-
in the City in such a manner as to prouide for the health, safety and welfare of
residents of the entire City. That portion of the City's interest in real property
most directly affected by this Agreement, herein the "Public Parcel," is the property
dedicated to or owned by the City or the Agency in the tract map for Tract
~ C. Pursuant to the City's development„reguirements, on ~, 19_
~ .the City approved Precise~Plan No. ~for development of the Property, which plan
; places certain restrictions on the Property. Said Precise Plan is on file and may
be reviewed in the Dlanning Department~within the Lake Elsinore City Hall, and is
;
; incornorated herein.by this reference and made a part~hereof as-though fully set
~_.~ FartY. herein. ~ ~ ~ ~ . ~
~-~ NOW, THEREFORE, Covenantor covenants and agrees, by and for itself, its heirs,
~ executors, administrators and assigns and all persons claiming under of throuqh
them that the Property shall be held, transferred, encumbered, used, sold, conveyed,
~~ leased and occupied,~subject to the following~covenants.and restrictions: ~
~ l. The Property shall be developed and used only as permitted by the restrictions
~ contained in the above-mentioned Precise Plan.
~ . 2. Each and all of the covenants, restrictions,~obligations and provisions con-
. tained in this Agreement (whether affirmative or negative in nature) shall be cove-~
. nants runninq with the land pursuant to California Civil Code Section 1468. in that
~ said covenants and restrictions (a) affect the Property and.each and every part
thereof,.(b) benefit the Public Parcel and each and every part thereof, (c)~ shall
bind each and_every person having interest in the Property or any part thereof derived
~~ through the Covenantor, whether such interest is fee, easement, leasehold, beneficial,
or otherwise, and each successor and assign of such person, for the benefit of the
~ Property and of the Public Parcel and. every.party thereof,~and (d).related to the use~,
' repair, maintenance and improvement of the Property and the Public Parcel and every
part thereof. Said covenants and restrictions shall also be mutual equitable servi-
tudes upon the Property and each part thereof in favor of and appurtenant to the
Public Parcel and shall bind each and every person having any interest in the Proper-
ty or part thereof, whether such interest is fee, easement, leasehold, beneficial
~ or otherwise, and each successor~ar~assiqn of such person having any such interest
--- in the Property or part thereof. -"
3. In the event of any uncured~violation or threatened violation~of~ any pro-
vision of the Agreement, then in addition to,but not in lieu of, any rights or remedies
the~City may have to~enforce the provisions hereof, the~City shall have the right to
(a) enforce the provis.ions.hereof as parties hereto and as owner of the i'ublic~Parcel
and (b) withhold or revoke after giving written notice of .said violation, any building
permits, occupancy permits, certificates of occupancy, business licenses, precise
plans, and similar matters or approvals pertaining to the Property or any part thereof
or interest therein as to the violating person or one threatening violation. ~
RESOLUTION N0. 82-1 '
EXHIBIT ~~A~~ '
4. This Agreement shall re~ai.n in full force and effect for a period of forty
(40) years from the date hereof. Thereafter, they shall be deemed to have been
renewed for successive terms of ten (10) years each unless revoked or amended by
an instrument in writing, executed and acknowledged by the parties hereto, which
~instrument~shall be recorded in the Office of the County Recorder of Riverside, .
~ Cal~ifornia, within ninety (90) days prior to the~expiration of the initial effective
period hereof or any ten (10) year extension.
IN WITNESS~WHEREOF, the nndersigned, being the~parties~hereto, have executed th~s
instrument on the above-named date.
~ ATTESTd ~ . ~ . ~ CITY~ OF~LAKE ELSINORE.
. . , ~ . . .... . . . ... ........._ _...__.. ._.. ._.. . ._..__ ._ .
By - -
~Manuel A. Rede, City:~Cl~erk -~ ~~ . Jerry~H. Stewart, Mayor
APPROVED AS TO FORM ~ ~ ~ ~ . ~
~ ~ . . Attorney ~ for City~ ~~~ ~ . ~ ~ . ~ , . . ~ .
~ ~ . - . . . ~ . . . . . ~ ~ . . COVENANTOR. . ~ . . ~ ~ ~ .
BY
By
RESOLUTIDN N0. 82-1
-2- EXHIBIT ~~A~~
___ _ __ ._
Industrial
Definitions
DEVELOPMENT STANDARDS
for the
Rancho Laguna Redevelopment Project Area
Lake Elsinore Redevelopment Agency
For the purpose of carryinq out the intent o£ these standards, words,
phrases, and terms shall be deemed to have the meaning ascribed to them
in the following section covering definitions. In construing the
provisions of this text, specific provisions shall supersede general
provisions relating to the same subject.
When not inconsiste
include the future;
those in the plural
"and", and the word
Agency -
zt with
words
number
"and"
Industrial District -
Project Area -
Redevelopment Plan -
Zoning Ordinance -
~Uses Permitted:
shall mean the City of Lake Elsinore Zoning
Ordinance.
Uses permitted within the Project Area will include all those allowed
within the City's Commercial Manufacturing,Industrial and Manufacturing
Districts, as defined by the City's Zoning Ordinance and the Redevelopment
Plan.
Construction Materials:
Exterior wa11s of industrial buildings may be of concrete block, brick,
rein£orced concrete, ti]_t-up concrete construction, or pre-finished high-
ribbed metal panels. Except for decorative uses, exterior walls may not
be of other materials, such as corrugated or plain sheet metal, glass,
plastic, wood, plaster or asbestos, unless the materials are specifically
approved by the Agency.
Site Elevations: ~-
Development within the Project Area shall be similar to and compatible
with adjacent architectural styles. Slides of development site and
adjacent properties and architectural renderings shall be submitted to
the Planning Department for review and submittal to the Agency.
the context, worus used in the
in the singular number include
include the singular; the word
includes the word "or".
shall refer to the Lake Elsin
Aqency
present tense
the plural;
"or" includes
~re Redevelopment
shall be that zone as defined by Chapter 17.56
of the City of Lake Elsinore Zoning Ordinance.
shall mean the area included within the
boundaries of the Rancho Laguna Redevelopment
Project as depicted on the maps and legal
description of the Redevelopment Plan.
shall mean the Rancho Laguna Redevelopment Plan,
an Amendment to the Redevelopment Plan for
Redevelopment Project No. 1, in the City of
Lake Elsinore, California.
RESOLUTIDN N0. 82-1
EXHIBIT °B"
Completions of Construction:
After its commencement, the construction of any structure will be
° prosecuted diligently so that the structure and its related site
improvements will not semain im a partly finished condition any
longer than reasonably necessary.
Yards•
Requirements for yard areas shall be those referenced in Sections
17..54 and 17.56 of the City's Zoning Ordinance.
Building Height;
Requirements for buildinq heights shall be those referenced in
Sections 17.54 and 1T.56 of the City's Zoning Ordinance.
Loading Space:
Loading spaces will be at least 14 feet wide, S5' long, and 14' in
clear height.
The number of loading spaces to be provided will conform with the
requirements of Section 17.66.Ob0 of the Zoning Code.
Truck Maneuvering Space:
The following standards will apply'to truck maneuvering space:
T. Truck turnaround areas will be provided entirely on-site so that
a11 truck traffic, will enter the street driving forward.
2. No loading area, turning area, or storage apron will be permitted
that positions any portion of the truck in the public right-of-way.
3. No loading.area, turning area, or storage apron will be so located
as to block on-site traffic flows or required automobile parking
spaces.
4, Required maneuvering areas are to be maintained clear of obstructions,
and may not be used for storage.
. 5. Turning areas must accommodate a minimum truck-turning radius of 48'
6. Loading areas parallel to buildings will have a minimum width of 14',
and an adjacent travel lane of 12~ for one-way tra£fic or 24' for
two-way traffic,
Outdoor Storage:
Requirements £or autdoor storage areas shall be those referenced in
Sections 17.54 and 17.56_of the City's Zoning Ordinance.
Refuse Collection Areas:
Requirements £or,refuse collection areas shall be those referenced in
Sections 17.54 and 17.56 of the Gity's Zoning Ordinance.
Utilities, 0utdoor Equipment, and Storage Tanks:
On-site telephone and electrical lines will be placed underground in th
manner prescribed by the City. Outdoor mechanical equipment or storage
~anks wi1T be screened from view from adjacent streets and properties.
Equipment and ducts on roofs will be screened by enclosures such that
they are not visible from adjacent pzoperties, stzeets ar the freeway.
RESOLUTION N0. 82-1
-2- EXHIBIT "B"
Temporary Structures:
Except in connection with building construction, no temporary or
portable buildings or structures without concrete foundations and
; permanent utilities hook-ups will be permitted.
Signs:
Requirements for signs shall be those referenced in Sections 17.94
i~ of the City's Zoning Ordinance.
Lighting:
' Free-standing parking lot and loading or storage area lighting
fixtures and standards will not exceed a height of 18'. Security
lighting fixtures illuminating loading, storage, and other service
areas will be shielded so as not to shine toward adjoining streets
or properties.
Landscaping: ~
1. Landscaping of the building site will consist of an ef£ective
combination of trees, ground cover, and shrubbery, as referenced
'; j in Sections 17.54 and 17.56 of the City's Zoning Ordinance. Dry
i; landscaping materials may be used in side and rear locations only.
I 2, Parking areas visible from adjoining streets will have interspersed
~ landscaping equal to at least 3°s of the total on-site parking area
and conforming substantially to the City's Zoning Ordinance Chapter
17.66. _
I 3. Landscaping will be installed within 90 days following the building's
;- completion or occupancy, whichever occurs first. Performance of
this section shall be Yeferenced in any contract executed between
the Redevelopment Agency and a developer and sha11 be tied to a
i; certificate of occupancy which.shall be considered temporary until
' . completion of this requirement.
4. All planting areas will have a permanent irrigation system and will -
! be irrigated regularly and maintained in conformity with accepted
pratices for landscape manitenance.
I 5. Plant materials may be used for screening upon approval of the Agency,
and wi11 consist of shrubs and/or trees of sufficient size to meet
the screening needs.
I
I Parking:
~ Requirements for parking shall be those referenced in this document and
in Section 17.66 0£ the City's Zoning Ordinance.
I
~
-3-
RESOLUTION N0. 82-1
EXHIBIT "B"
~
RESOLUTION NO. CRA 82-2
RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE~ DECLARING
- ITS INTENTION TO ISSUE $100~000 PRINCIPAL
AMOUNT OF TAX ALLOCATION BONDS OF THE
, AGENCY TO FINANCE A PORTION OF THE COST
`--' OF A REDEVELOPMENT PROJECT KNOWN AS THE
RANCHO LAGUNA REDEVELOPMENT PROJECT
WHEREAS, the Redevelopment Agency of the City of Lake Slsinore
(the "Agency"), is a redevelopment agency duly created, established
and authorized to transact business and exercise its powers, under
and pursuant to the Community Redevelopment Law (Part 1 of Division
24 of the Health and Safety Code of the State of California) and
the powers of the Agency include the power to issue bonds for any
of its corporate purposes; and
WHEREAS, the Redevelopment Plan for a redevelopment project
known and designated as the "Rancho Laguna Redevelopment Project"
(the "Redevelopment Project") has been adopted and approved by
Ordinance No. 624 of the City of Lake rlsinore which became
effective on July 20, 1981, and all requirements of law for and
precedent to the adoption and approval of the Redevelopment Plan
have been duly complied with; and
WHEREAS, for the corporate purposes of the Agency to aid in
the financing of a portion of the cost of the Redevelopment
Project, the Agency intends to issue $100,000 principal amount of
tax allocation and revenue bonds:
NOW, THEREFORE, the Redevelopment Agency of the City of Lake
Elsinore does hereby RESOLVE, nETERMINE AND ORDER as follows:
Section 1. Amount, Issuance and Purpose of Bonds. Under and
_ pursuant to the Community Redevelopment Law, bonds of the Agency in
the principal amount of $100,000 may be issued by the Agency, as
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hereinafter provided, for the corporate purposes of the Agency to
aid in the financing of the Redevelopment Project and for other
corporate purposes related thereto, all of which constitute a
"redevelopment activity" as defined in Section 33678 of the Health
and Safety Code.
Section 3. Nature of Bonds. The Bonds shall be special
obligations of the Agency and shall be` secured by an irrevocable
pledge of, and shall be payable as to principal, interest thereon
and premium, if any, from Tax Revenues and other funds as
hereinafter provided. The Bonds, inter.est thereon and premium, if
any, sha11 not be a debt of the City, State of Galifornia or any of
its political subdivisions, and neither the City, State nor any of
its political subdivisions is liable on them, nor in any event
shall the Bonds, interest'thereon and premium, if any, be payable
out of any fund5 or properties other than those of the Agency as
set forth in this Resolution. The Bonds shall not constitute an
indebtedness wi£hin the meaning of any constitutional or statutory
debt limitation or restriction. Neither the members of the Agency
nor any persons executing the Bonds shall be liable personally on
the Bonds by reason of their issuance.
The Bonds shall be equal3y secured by an irrevocable pledge of
Tax Revenues and other funds as hereinafter provided, without
priority for number, date of sale, date of execution, or date of
delivery, except as expressly''provided herein.
The validity of the Bonds shall not be depenclent upon: (a)
the completion of the RedeveTopment Project or any part thereof, or
(b) the performance by anyone of his obligation relative to the
2.
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proceeds of the Bonds.
Nothing in this Resolution shall preclude: (a) the payment of
_: the Bonds from the proceeds of refunding bonds issued pursuant to
law, or (b) the payment of the Bonds from any legally available
funds. Nothing in this Resolution shall prevent the Agency from
making advances of its own funds howsoever derived to any of the
uses and purposes mentioned in this Resolution.
Section 4. Description of Bonds. The Bonds shall be in the
principal amount of $100,000 and shall be designated "Redevelop-
ment Agency of the City of Lake Elsinore, Rancho Laguna Redevelop-
ment Project, Tax Allocation Bonds, Issue of 1982". The Bonds may
be initially issued in the form of bearer bonds in denominations of
$5,000 each, or in the form of fully registered bonds in
denominations of $S,OOO each, or in any whole multiple thereof.
The Bonds shall be dated as ,of the date of delivery to the
purchaser thereof, or such other date as may be mutually agreeable
between the Agency and the purchaser, and shall be numbered
consecutively.
Section 5. Interest. The Bonds shall bear interest at a rate
to be hereafter fixed by resolution, but not to exceed twelve (12~)
pexcent per annum.
Section 6. Term of Bonds. The Bonds shall have a term to be
hereafter fixed by resolution, but not to exceed twenty-five (25)
years from the date of the Bonds.
Section 7. Place of PaXment. The Bonds, interest thereon and
any premium upon the redemption thereof prior to maturity, shall
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be payable in lawful money of the United States of America and
(except for interest on fu11y Registered Bonds which is payable by
check or draft as stated above) shall be payable at the main office
of a fiscal agent, or at the option of the Holder, at the office of
any paying agent of the Agency, to be hereafter designated by
resolution.
Section 8. Execution of Bonds. The Bonds shall be signed on
behalf of the Agency by its Chairman by facsimile signature and by
its Secretary by manual signature, and the seal of the Agency shall
be impressed, imprinted or reproduced thereon. The interest
coupons on the Bonds shall be signed by the Secretary by facsimile
siqnature. If any Agency member or officer whose manual or
facsimile signature appears on the Bonds or coupons ceases to be
such member or'officer before delivery of the Bonds, his signature
is as effective as if he had remained in office.
Section 9. Ca11 and Redemption of Bonds Prior to Maturity.
The outstanding Bonds may be called before maturity and redeemed in
accordance with terms and conditions to be hereafter establisYied by
xesolution.
Section 10. Funds. There sha11 be established with the
Treasurer a special fund called the "Redevelopment Agency of the
City of Lake Elsinore, Rancho Laguna Redevelopment Project,
Redevelopment Fund" (the "Redevelopment Fund"). There shall be
established with a fiscal agent a special trust fund called the
"Redevelopment Agency of the City of Lake Elsinore, Rancho Laguna
Redevelopment Projeet, Special Fund" (th.e "Special Fund").
The following special trust funds shall be established in the
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Special Fund: (a) the "Bond Interest Fund", (b) the "Serial Bond
Payment Fund" (c) the "Term Bond Sinking Fund" 'and (d) the "Reserve
Fund".
- So long as any of the Bonds herein authorized, or any interest
thereon, remain unpaid, the moneys in the foregoing funds shall be
used for no purposes other than those required or permitted by this
Resolution and the Law.
Section 11. Sale of Bonds, Disposition of Bond Proceeds;
Redevelopment Fund. The Agency may provide by resolution'for the
sale of the Bonds in the manner provided by law.
Section 12. Tax Revenues. The taxes levied upon taxable
property in the Redevelopment Project area each year by or for the
benefit of the State of California, any city, county, city and
county, district or other public corporation (the "Taxing
Aqencies") after the effective date of the ordinance approving the
Redevelopment Plan shall be divided pursuant to Article 6 of
Chapter 6 of the Community Redevelopment Law and Section 15 of
Article XVI of the Constitution of the State of California.
The tax revenues shall be irrevocably pledged in their
entirety to the payment of the principal of, premium, if any, and
interest on the Bonds until all of the Bonds and all interest
thereon have been paid or until monys for that purpose has been
irrevocably set aside. The tax revenues shall be applied solely to
the payment of the Bonds and the interest thereon. Such allocation
and pledge shall be for the exclusive benefit of the holders of the
Bonds and shall be irrevocable.
Section 12. ~ecial Fund. All tax revenues shall be deposited
5.
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in the Special Fund. The interest on the Bonds, until maturity,
sha11 be paid by a fiscal agent from the Special Fund. At the
maburity af the Bonds and after all interesE due on the Bonds then
outstanding has been paid or provided for, moneys in the Special
Fund shall be applied to the payment of the principal of the Bonds.
Section 13. Deposit and Investment of Moneys in Funds. All
moneys held by the Agency in the Redevelopment Fund and by a fiscal
agent in the Special Fund,,except such moneys which are at the time
invested 'in obligations in which the Agency is authorized to make
investments, shall be held in time or demand;deposits in any 4ank
or trust eompany authorized to accept deposits of public funds and
all of such deposits sha11 be secured at all times by bonds or
other obligations which are authorized by law as security for
public deposits.
Section 14. Fiscal Agent and Paying Agents. Prior to the
delivery of the Bonds, the Agency shall appoint a fiscal agent to '
act as the agent, trustee and depositary of the Agency for the
purpose of receiving tax revenues and other funds in trust to hold,
allocate, use and apply such tax sevenues and other funds and to
perform such other duties and powers of the fiscal agent as may be
prescribed.
Section 15. Lost, Stolen, Destroyed or Mutilated Bonds or
Coupons. In the event that any Bond or any interest coupon
appertaining thereto is lost, stolen, destroyed or mutilated, the
Agency shall cause to be issued a new Bond or coupon in the time,
form and manner required by law.
Section 16. Cancellatzon of Bonds. All Bonds and coupons
6.
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i ;:: _ ,;;; . ,.
surrendered to the fiscal agent or any paying agent for payment at I
maturity thereof or, in the case of ca11 and redemption prior to il
maturity, at the redemption date, shall upon payment therefor be
cancelled immediately and forthwith transmitted to the Treasurer or
destroyed by the fiscal agent at the direcbion of the Agency. In
the latter event, a certificate of destruction shall be forthwith i~
transmitted to the Treasurer. ,
Section 17. Proceedings Constitute Contract; Events of
Default and Remedies of Bondholders. The provisions of this
resolution, of the resolutions providing for the sale of Bonds and
awarding of Bonds and fixing the interest rate thereon, and of any
other resolution supplementing or amending this resolution, shall ',
constitute a contract between the Agency and the bondholders and I
the provisions thereof shall be enforceable by any bondholder for '
the equal .benefit and protection of all bondholders similarly I
_. situated, in the time, form and manner provided by law in any court
of competent jurisdiction. This contract shall be made under and '
construed in accordance with the laws of the State of California.
Section 18. Severability. If any covenant, agreement or ,
' provision, or any portion thereof, contained in this resolul;zon, or
I the application thereof to any person or circumstance, is held to 'i
I, be unconstitutional, invalid or unenforceable, the remainder of '
I ,
this resolution and the application of any such covenant, agreement I
, or provision, or portion thereof, to other persons or
I circumstances, shall be deemed severable and shall not be affected,
, ,
, and this resolution and the Bonds issued pursuant hereto shall ,
I-- remain valid and the bondholders shall retain all valid rights and ~
7.
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benefits accorded tb them under this Resolution and the
Constitution and laws of the State of California. If the
provisions relating to fhe appointment and duties of a fiscal aqent
are held to be unconstitutional,- invalid or enforceable, such
duties shall be performed by the Treasurer.
Section 19. Effective Date. This resolution sha11 take
effect upon adoption.
ADOPTED this 4th day of March, 1982.
~ ~c //~~/~
Cha rman of the Redevelopment
Agency of the City of Lake
Elsinore
ATTESTc
~
~D,,/.~~~/~, ,~~
Secretar~ the Redev opment
1S:gency of °the City of Lake
E1Gi.nore.
(SFAL)
RESOLUTION N0. CRA 82-3
RESOLUTION OF THE REDEVELOPMCNT AGENCY
OF THE CITY OF LAKE ELSINORE~ AUTHORIZING
AND DIRECTING AN ACTION TO BE FILED TO
DETERMINE THE VALIDITY OF TAX ALLOCATION
BONDS TO BE ISSUED BY THE AGENCY TO
FINANCE PORTIONS OF THE COST OF A REDE-
VELOPMENT PROJECT KNOWN AS THE RANCHO
LAGUNA R~DEVELOPMENT PROJECT
WHEREAS, the Redevelopment Agency of the City of Lake Flsinore
(the "Agency"), is a redevelopment agency duly created, established
an3 authorized to transact business and exercise its powers, under
and pursuant to the Community Redevelopment Law (Part 1 of Division
24 of the Health and Safety Code of the State of California) and
the powers of the Agency include the power to issue bonds for any
of its corporate purposes; and
WHEREAS, the Redevelopment Plan for a redevelopment project
known and designated as the "Rancho Laguna Itedevelopment Project"
(the "Redevelopment Project") has been adopted and approved by
Ordinance No. 624 of the City of Lake Elsinore which became
effective-on July 20, 1981, and all requirements of law for and
precedent to the adoption and approval of the Redevelopment Plan
have been duly complied ~~ith; and
WHEREAS, for the cornorate purposes of the Agency to aid in
the financing of a portion of the cost of the Redevelopment
Project, the Agency intends to issue $100,000 principal amount of
tax allocation bonds and to subsequently authorize issuance of
additional tax allocation bonds as need arises; and
WHEREAS, it is desirable for the Agency to authorize and
direct an action to be filed under and pursuant to Sections 86~ et
seq. of the Code of Civil Procedure to determine the validity of
tax allocation bonds to be issved by the Agency and all other
proceedings incident thereto:
NOW, THEREFORE, the Redevelopment Agenay of the City of Lake
Elsinore does hereby RESOLVE, DETF,RMINE AND ORDER as follows:
Section l. Validation Action. The firm of Brown & Nazarek,
attorneys at law, is hereby authorized and directed to file an
action, under and pursuant to Section 860 et seq, of the Code of
Civi1 Procedure, to determine the validity of tax allocation bonds
to be issued by the Agency and to determine the validity of all
proceedings incident thereto.
Section 2. Authority of Officers. The officers of this
Agency are here6y authorized and directed to execute all
appropriate documents and to per£orm all other acts necessary to
process the aforementioned validation action.
ADOPTED this 9th day-of March, 1982.
X%D`~Vv~ .'~/~,~.~''~-~vc~~c/`~"1-. .
//`
Ch~'irman of the Redevelopment
Agency of the City of Lake
r~ lsinore .
ATTEST:
Sec~y~ Re~ opment
Agency of the City of Lake-
Elsinore.
(SEAli)
2.
RESOLUTION NO. CRA 82-4
RESOLUTION OF TAE LAKE ELSINORE REDEVELOPMENT
AGENCY~ RIVERSIDE COUNTY, CALIFORNIA~. MAKING
DETERMINATIONS WITH RESPECT TO THE FINANCING OF
A PROJECT FOR ACQUISITION AND CONSTRUCTION OF
FACILITIES AND EQUIPMENT AND DECLARING ITS
INTENTION TO AUTHORIZE CERTAIN OBLIGATIONS TO
PROVIDE FINANCSNG OF SAID PROJECT
(E-Z PRODUCTS)
WHEREAS, John Ranisford, dba E-Z Products (the "Company"),
desires to acquire property and to construct and equip facilities
for the fabrication and manufacture of pipefittings and related
products (the "Project"); and
WHEREAS, the Company is willing to locate the Project within
the project area of the Lake Elsinore Redevelopment Agency (the
"Agency") if the Agency will render financial assistance by the
authorization of certificates of participation or by the authori-
zation and/or issuance of other obligations (the "Obligations"),
in an amount not to exceed $1,000,000 pursuant to its authority
under the Community Redevelopment Law, being Part 1, Division 24
of the Health and Safety Code (the "ACt"); and
WHEREAS, in order to render s~ch financial assistance, it is
necessary for Ehe Agency to make certain determinations with
respect to public benefits which may be derived from financing of
the Project and qualification of the Project for financing; and
WHEREAS, the Company has provided the Agency with sufficient
information regarding the Project, upon which the Agency may make
such determinations:
NOW, THEREFORE, the Lake Elsinore Redevelopment Agency does
hereby RESOLVE, DETERMINE AND ORDER as follows:
Section 1. The Aqency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in accordance with the provisians of the Act;
(b) That the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utiliaation benefits and/
or consumer benefits as specified in the Act; and
(c) That the authorization of said Obligations by
the Agency in an amount not to exceed $1,000,000
to finance the Project is likely to be a sub-
~ stantial factor in the accrual of each public
benefit resulting from the use of the facilities
so financed.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to finance said Project in an amount of
not to exceed $1,0OO,ODO, in accordance with the following terms
and conditions.
Section 3. The Obligations shall be a special obligation
payable solely from revenues received from the Company or its
successors or assigns, pursuant to a finarrcing agreement in a form
acceptable to the Agency and shall not be a general obligation of
the Agency, City, State or any political subdivision of the
state.
Section 4. The Directos of the Agency is hereby directed to
indicate the willingness on the part of the Agency to proceed with
and effect such financing and to advise the Company that subject
to compliance with all requirements of law and the obtaining of
all necessary consents and approvals and to the happening of all
2.
acts and conditions, the Agency will take all necessary action to
authorize said Obligations in the amount herein indicated to
finance the cost of the Project.
Section 5. The Agency is hereby authorized to commence said
Project and advance such funds as may be necessary therefor,
subject to reimbursement for all expenditures out of the proceeds
of said Obligations if and when said Obligations are authorized by
the Agency and said Project is finally approved for such
financing. It is intended that this resolution shall constitute
"some other similar official action" toward the issuance of
indebtedness within the meaning of the Internal Revenue Code of
1954, as amended.
Section 6. The adoption of this resolution shall not bind
the Agency to authorize said Obligations until and unless all
other necessary actions and approvals are taken or received. The
adoption of this resolution does not and shall not limit in any
manner whatever, the Agency's full discretion to deny any further
permit or approval that may be necessary for ultimate completion
of said Project.
Section 7. This resolution shall take effect immediately
upon its adoption.
ADOPTED this 27th day of April, 1982.
ATTEST:
C
-- CITY CLERK, LAKE EL NORE
(SEAL)
<~.~ d`A-.~
HOW E TORN, CHAIRMAN
REDEVELOPMENT AGENCY OF THE
CITY Of LAKE ELSINORE
3.
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
I~ D. Harrinqton , Secretary of the Redevelopment Agency of
the City of Lake Elsinore, DO HEREBY CERTIFY that the foregoing
resolution was,duly adopted by the Board of Directors of said
Agency at a regular meeting of said Board held on the 9th day of
Karch, 1982, and that it was so adopted by the following vote:
AYES: TORN, STEWART, UNSWORTH, MACMURRAY
NOES: NONE
ABSENT: NONE
~ ~~~.Q~/l ~ ~ ~~-lils~~'~'~.
'Secretary of the Redevelr6pment
Agency of the City of Lake
Elsinore
(SEAL)
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
I, D. Harrington, Secretary of the Redevelopment Agency of
the City of Lake Elsinore, DO HEREBY CERTIFY that the above and
foregoing is a full, true and correct copy of Resolution No.CRA 82-3
of said Agency and that the same has not been amended or
repealed.
DATED: March 9, 1982.
.-O./~~~~:~~~
~Secretary of the Rede lopment
Agency of the City of Lake
Elsinore
(SEAL)
_ _. _ _ _
_ _ _;
_ __ __. _ _ _
. .. , :.. . ... . .~ . .. . .. . . .
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
i~ D. Harrington , Secretary of the Redevelo~ment Agency of
the City of Lake Elsinore, DO HEREgy CERTIFY that the foregoing
resolution was duly adopted by the Board of Directors of said
Agency at a regular meeting of said Board held on the 9th day of
March, I982, and that it was so adopted by the following vote:
AYES: TORN, STEWART, MACMURRAY, UNSWORTH
NOES: NONE
ABSENT: NONE
~~
Secretary of the Redeve ment
Agency of the City of Lake
Elsinore
( SEA.i.)
I
~ i
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE ) '
I, D. Harrington , Secretary of the Redevelopment Agency of j
the City of Lake Elsinore, DO HEREBY CERTIFY that the above and ,
foregoing is a full, true and correct copy of Resolution No.GRA 82-2
of said Agency and that the same has not been amended or
~ repealed. i
DATED: March 9, 1982. '
~~/.~~~~ ~~~~~
ecretary of the Redev opment
Agency of the City of Lake
- Elsinore
(SEAL)
;. ,
~ . _
,
_.
; ,
_ _
.
:;., . . .
_. _ ~ ,_
_ ,
__ _ _ _
. _!
STATE OF CALIFORNIA )
) ss.
COUNTY Of RIVERSIDE )
I, Deborah A. Harrington, Secretary of the Redevelopment
Agency of the City of Lake Elsinore, DO HEREBY CERTIFY that the
fore.going resolution was duly adopted by the Board of Directors
of said Agency at a regular meeting of said Board held on the
27th day of April , 1982, and that it was so adopted by the
following vote:
AYES: BOARDMEMBERS: KNIGHT, MACMURRAY, UNSWORTH, VALENZUELA, TORN
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
^~~~O~~~
D BORAH A. HAR INGTON SECRET RY
REDfVELOPMENT AGENCY OF THE
CITY Of LAKE ELSINORE
(SEAL)
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
I, Deborah A. Harrington, Secretary of the Redevelopment
Agency of the City of Lake Elsinore, DO HEREBY CERTIFY that the
above and foregoing is a full, true and cor-rect copy of
Resolution No. CRA 82-4 , of said Agency and that the same has
not been amended or repealed.
DATED: April 27, 1982
//~ i'
i~/.~//~L /~ ~s~yy ; .
DEBORAH A. HARRINGTO , SECRETARY
REDEVELOPMENT AGENCY OF THE
CITY Of LAKE ELSINORE
RESOLUTION NO. CRA 82-5
RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT
AGENCY, RIVERSIDE~ COUNTY, CALIFORNIA~ MAKING
DETERMINATIONS WITH RESPECT TO THE FINANCING
OF A PROJECT FOR ACQUISITION AND CONSTRUCTION
OF FACILITIES AND EQUIPMENT AND DECLARING ITS
SNTENTION TO AUTHORIZE CERTAIN OBLIGATIONS TO
PROVIDE FINANCING OF SAID PROJECT
(THERMAL ELECTRONICS, INC.)
WHEREAS, Thermal Electronics, Inc. (the "Company") and the
Lake Elsinore Redevelopment Agency (the "Agency") have heretofore
entered into an Owner Participation Agreement (the "Agreement"),
dated November 10, 1981; and
WHEREAS, the Company has commenced the acquisition of property
and construction and equipping of facilities for the fabrication
and manufacture of electronic components (the "Project"); and
WHEREAS, pursuant to said Agreement, the Agency has promised
to exercise its best efforts to assist the Company in obtaining
financinq favorable to completing said Project; and
WHEREAS, the Company commenced location of the Project within
the project area of the Lake Elsinore Redevelopment Agency (the
"Agency") in reliance that the Agency will render financial
assistance under said Agreement; and
WHEREAS, it was the intention of the Agency to render such
financial assistance at the time of execution of said Agreement by
the authorization of certificates of participation or by the
authorization and/or issuance of other obligations (the "Obliga-
tions"), in an amount not to exceed $1,000,000 pursuant to its
authority under the Community Redevelopment Law, being Part 1,
Division 24 0£ the Health and Safety Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it is
successors or assigns, pursuant to a financing agreement in a form
~I acceptable to the Aqency and shall not be a general obligation of i
I the Agency, City, State or any political subdivision of the ',
! State.
I Section 4. The Director of the Agency is hereby directed to i
~ indicate the willingness on the part of the Agency to proceed with ~
and effect such'financing and to advise the Company that subject
to compliance with all requirements of law and the obtaining o.f
i all necessary consents and approuals and to the happeriing of . all ,
acts and conditions, the Agency will take all necessary'eC~ion to i
authorize said Obligations in the amount herein indicated to j
II finance the cost of the Project. '
' Section 5. The Agency is hereby authorized to commence said ~'
Project and advance such funds as may be necessary therefor, ;I
I subject to reimbursement for all expenditures out of the proceeds i
~ uthorized b '
of said Obligations if and when said Obligations are a y ,
I the Agency and said Project is finally approved for such
~ financing. It is intended that this resolution shall constitute
"some other similar official action" toward the issuance of
I, i
indebtedness within the meaning of the Internal Revenue Code of ',
i
1954, as amended. .
Section 6. The ado tion of this resolution shall not bind '
A
the Agency to authorize said Obligations until and unless all '
other necessary actions and approvals are taken or received. The ~
I adoption of this resolution does not and shall not limit in any I!
~! manner whatever, the Agency's full discretion to deny any further ,
permit or approval that may be necessary for ultimate completion ~
- of said Project. I
3.
STATE OF CALIFORNTA )
) ss.
COUNTY OF RIVERSIDE )
I, Deborah A. Harrington, Secretary of the Redevelopment
Agency of the City of Lake Elsinore, DO HEREBY CERTIfY that the
foregoi.ng resolution was duly adopted by the Board of Directors
of said Agency at a regular meeting of said Board held on the
27th day of April , 1982, and that it was so adopted by the
following vote:
AYES: BOARDMEMBfRS:
NOES: BOARDMEMBERS:
ABSENT: BOARDMEMBERS:
!KNIGHT, MACMURRAY, UNSWORTH, VALENZUELA, TORN
NONE
NONE
DEB RAH A. HAR NGTON, ECR~
REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
(SEAL)
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
I, Deborah A. Harrington, Secretary of the Redevelopment
Agency of the City of Lake Elsinore, DO HEREBY CERTIFY that the
above and foregoing is a full, true and correct copy of
Resolution No. CRA 82-5 , of said Agency and that the same has
not been amended or repealed.
DATED: APRIL 27, 1982
~~ /.~ ~ . ~.a~a7`.x,
DEBORAH A. HARRINGTON, ECRETARY
REDEVELOPMENT AGENCY OF THE
CITY Of LAKE ELSINORE
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RESOlUTIOfd N0. CRA 82-6
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LAKE ~LSTNORE DESIGNATING A RE-
DEVELOPMENT SURVEY AREA FOR STUDY PUR-
POSES
WHEREAS, the City Council of the City of Lake Elsinore desires
that the area hereinafter described be studied to determjne if a re-
development project within this area is feasible; and
WHEREAS, the City Council desires that a redevelopment project
be initiated within this area should it be found that such a project
is feasible; and
WHEREAS, Section 33310 of the California Community P,edevelopment
Law (Health and Safety Code, Sections 33000, et seq.) provides that
redevelopment survey areas may be designated by resolution of the City
Council;
N04J, THEREFORE, the City Council of the City of Lake Elsinore
does resolve as follows:
Section l. The City Council of the City of Lake Elsinore hereby
designates as a Redevelopment Survey Area that area described on Exhibit
"B" attached hereto and by this reference made a part hereof.
Section 2. The City Council of the City of Lake Elsinore hereby
finds that said desi~nated area requires study to determine if a re-
development project within the area is feasible.
Section 3. The City Clerk shall certify to the adoption of
this resolution.
APPROVED AND ADOPTED this 27th day of April , ~ggz
l=~ ~~,~„
Ho i Torn, Chairperson
City of Lake Elsinore
ATTEST:
.~~~ ~~~~~
Deborah Harrington, C' y Clerk
City of Lake Flsinore
RESOLUTION N0. CRA 82-7
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE, RIVERSIDE COUNTY, CALIFORNIA,
]. MAKING DETERMINATIONS WITH RESPECT TO THE FINANCING
OF A PROJECT FOR AC~UISITION AND CONSTRUCTION OF
2 FACILITIES AND EQUIPMENT AND DECLARING ITS INTEN-
TION TO AUTHORIZE CERTATN OBLIGATIONS TO PROVIDE
3 FIN~INCING OF SAID PROJECT
(LAKE ELSINORE TOWNHOMES, LTD.)
4
5 WHEREAS, Lake Elsinore Townhomes, a Limited Partnership,
g (the "Partnership"), desires to improve property and to construct
7 and equip facilities £or commercial and residenti.al purposes and
$ related activities (the "Project"); and
g WHEREAS, the Partnership is willing to locate the Project
10 within the project area oY the Redevelopment Agency of the City
11 of Lake Elsinore (the "Aqency") i£ the Agency will render
12 financial assistance by the authorization of certificates of
13 participation or by the authorization and/or issuance of other
14 obligations (the "Obligations°), in an amount not to exceed
15 $10,000,000 pursuant to its authority under the Community Rede-
16 velopment Law, being Part 1, Division 24 of the Health and Safety
17 Code (the "Act"); and
18 WHEREAS, in order to render such financial assistance, it
19 is necessary for the Agency to make certain determinations with
20 respect to pubTic benefits which may be derived from financing
21 of the Project and qualification of the Project for financing;
22 and
23 WHEREAS, the Partnership has provided the Agency with
2a sufficient in£ormation reqarding the Project, upon which the
25 Agency may make such determinations:
26 NOW, THEREFORE, the Redevelopment Agency of the City of
27 Lake Elsinore does hereby RE5OLVE, DETERMINE AND ORDER as follows:
2$ Section l. The Agency does hereby find and determine:
29 (a) That the proposed use of the facilities
$Q to be constructed and acquired under the
31 Project is in accordance with the provi-
32 sions of the Act;
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(b) That the proposed use of the facilities
is likely to result in employment oppor-
tunity benefits, resource utilization
bene£its and/or consumer benefits as
specified in the Act; and
(c) That the authorization of said Obliga-
tions by the Agency in an amount not to
exceed $10,000,000 to finance the Project
is likely to be a substantial factor in
the accrual of each public benefit result
ing from the use of the £acilities so
financed.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to £inance said Project in an amount
of not to exceed $10,000~000, in accordance with the following
terms and conditions.
Section 3. The ObTigations shall be a s~ecial obligation
payable solely from revenues received from the Partnership or
its successors or assigns, pursuant to a financing agreement
in a form acceptable to the Agency and shall not be a general
obligation of the Agency, City, State or any political sub-
division of the St~te.
Section 4. The Director of the Agency is hereby directed
to indicate the willingness on the part of the Agency to proceed
with and ef£ect such financing and to advise the Partnership
that subject to compliance with all requirements of law and the
obtaining of all necessary consents and approvals and to the
happening o£ all acts and conditions, the Agency will take all
necessary action to authorize said Obligations in the amount
herein indicated to finance the cost of the Project.
Section 5. The Agency is hereby authorized to cpmmence
said Project and advance such funds as may be necessary therefor,
-2-
1 subject to reimbursement for all expenditures out o£ the proceeds
2 of said Obligations if and when said Obligations are authorized
3 by the Agency and said Project is finally approved for such
4 financing. It is intended that this resolution shall constitute
5 "some other similar official action" toward the issuance of
6 indebtedness within the meaning of the Internal Revenue Code of
7 1954, as amended.
8 Section 6. The adoption of this resolution shall not
9 bind the Agency to authorize said Obligations until and unless
1~ all other necessary actions and approvals are talcen or received.
11 The adoption of this resolution does not and shall not limit in
12 any manner whatever, the Agency's full discretion to deny any
13 £urther permit or approval that may be necessary for ultimate
14 completion of said Project.
15 Section 7. This resolution shall take effect immediately
16 upon its adoption.
17 ADOPTED this llth day of May, 19$2.
18
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22 ~.-~r~ / n... _
-T ~ HOWIE TORN, CHAIR.NIAN
23 REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
24
25
26 ATTEST:
27
2& i~/j~~.f-7s!~~/t/f'U'lt'~'!~
DEBORAH A. HARRIN~N
29 CITY CLERK, LAKE ELSINORE
30 (SEAL)
ai
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RESOLUTION N0. CRA 82- 8
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE DELEGATING REVIEW AUTHORITY
TO THE DESIGN REVIEW BOARD AND PLANNING COMMISSION
FOR CERTAIN TYPES OF DEVELOPMENT PROJECTS WITHIN
A REDEVELOPMENT PROJECT AREA.
WHEREAS, the Redevelopment Agency of the City of Lake
Elsinore desires to more ef£iciently utilize staff time for
project review and implementation of the Redevelopment Plan; and
WHEREAS, the Redevelopment Agency desires to expedite
the processing of projects to meet not only state housing goals,
but aid the City to implement programs contained within the
Housing Element adopted by the City Council on October 27, 1981;
and
WHEREAS, the Redevelopment Agency desires to redital-ize
those areas of the community contained within an adopted Redevel-
opment Project Area by stimulating the marketing, development,
and rehabilitation sectors of the economy.
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment
Agency of the City of Lake Elsinore does set the following
policy:
The Redevelopment Agency shall review all subdi-
vision, zone change, and conditional use permit
applications, along with any new or remodeled
commercial and industrial projects which require
Desiqn Review Board and Planning Commission
approval. Residential projects, other than those
which require a public hearing, shall be reviewed
by the Design Review Board and Planning Commission,
utilizing the development standards adopted by the
Redevelopment Agency. Appeal by the applicant of
a Design Review Board or Planning Commission action
siqnificant to the Redevelopment Agency shall be
heard by the Agency in a timely manner.
PASSED, APPROVED AND ADOPTED this day of June, 1982. (
ATTEST:
`-~/~~~'Z~ .l~'- t ~~~
(SEAL)
~-~. T~
'Howie Torn, Chairman
RESOLUTION N0. C R~ 82- ~
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RESOLUTION OF T[IE REDEVELOPMGNT ,~GENCY OP THE CITY
OF L~1KE ELSINOR.°., FIVERSIDE COUNTY, CALIFORNIA,
^1AICING ~ET~Rf~INATIONS WITI~ RESP~CT TO TfIE FINANCING
O° A PROJECT FOR AC~UISITION F1ND CONSTRUCTION OF
FACILITIES AND EQUIPMENT AND DECLARII`1G ITS INTEN-
TION TO AUT[IORIZE CEP,TAIN OBLIGATIONS TO PROVIDE
FINANCING OF SAID PROJECT
(WILLIAMS APlD HASSOii)
wxE~~s, 4lilliams and Hasson, a General Partnership
(the "Partnership"), desires to improve property and to construct
and equip facilities for commercial and residential purposes and
related activities (the "Project"); and
WHEREAS, the Partnership is willing to locate the Pro;ect
within the project area of the Redevelopment Agency of the Ci~y
of Lake Elsinore (the "Agency") if the Agency will render
financial assistance by the authorization of certificates o£
participation or by the authorization and/or issuance of othe=l
obligations (the "Obligations"), in an amount not to exceed
$10,000,000 pursuant to its authority under the Com*nunity ReCe-
velo~ment Law, being Part 1.-, Division 24 of the Health and Sa=ety
Code (the "Act"); and
GIHEREAS, in orde'r to render such financial assistance, it
is necessary £or the Agency to make certain determinations wi~h
respect to public benefits which may be derived from financing
of the Project and quali£ication of the Project for financinR;
and
WHEREAS, the Partnership has provided the Agency with.
sufficient information regarding the Project, upon which the
Agency may make such determinations:
NO[^I, THEREFORE, the Redevelopment Agency of the City of
Lake ~lsinore does hereby RESOLVE, DETERh1INE AND ORD~R as foliows:
Section 1. The Agency does hereby find and determine:
(a) That the proposed use of the facilities
to be constructed and acquired under the
Project is in accordance with the proci-
sions of the Act;
V~ ~
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(b) That the proposed use of the facilities
is likely to result in emplo1ment oppor-
tunity benefits, resource utilization
benefits and/or consumer benefits as
speci£ied in the Act; and
(c) That the authorization of said Obliga-
I tions by the Agency in an amount not to
exceed $10,000,000 to finance the Project
is likely to be a substantial factor in
the accrual o£ each public bene£it resu~t
ing £rom the use of the facilities so
financed.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to finance said Project in an amount
of not to exceed $10,000,060, in accordan~e with the following
terms and conditions.
Section 3. The Obligations shall be a special obligation
payable solely from revenues received from the Partnership or
its successors or assigns, pursuant to a financing agreer.ment
in a for::~ acceptable to the Agency and shall not be a general
obligation of the Agency, City, State or any political sub-
division of the State.
Section ~1. The Director of the Agency is hereby directed
to indicate the willingness on the part of th~ Agency to proceed
with and effect such financing and to advise the Partnership
that subject to compliance with all requirements o£ law and the
obtaining of all necessary consents and approvals and to the
happening of a11 acts and conditions, the ?~gency ~oill talce all
necessary action to authorize said Obligations in the amount
herein indicated to finance the cost of the Project.
Section 5. The Agenc~ is hereby authorized to commence
said Project and advance such funds as may be necessary therefor,
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32
subject to reimbursement for all expenditures out of the proceeds
of said Obligations if and when said Obligations are authorized
by the A9ency and said Project is finally approved for sL~ch
financing. It is intended that this resolution shall constitute
"some other similar o£ficial action" toward the issuance of
indebtedness within the meaning of the Internal Revenue Code of
1954, as amended.
Section 6. The adoption of this resolution shall not
bind the Agency to authorize said Obligations until and unless
a11 other necessary actions and approvals are taken or received.
The adoption of this resolution does not and shall not limit in
any manner whatever, the Agency`s full discretion to deny any_
£urther permit or approval that may be necessary for ultimate
completion of said Project.
Section 7. This resolution sha11 take effect immediately
upon its adoption.
ADOPTED this IIth day of June, 1982
~HOWIE TORN, CHAIR'~LAYd
REDEV~LOPMENT ~1G~NCY OF THE
CITY OP LAK~ ELSINOR~
ATT~ST:
, .
;:
'~~ DL33URA- H A. HARP.ING'%E'SN
CITY CLERK, LAKE ~LSINORL'
(:;EAL)
_ 3 ~ ` '~
~ 'L-~~
RESOLUTION N0. CRA 82-10
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
2g
25
26 '
27 II
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29
30 I
31 I
32 I
A RESOLUTION OF THE 60ARD OF DIRECTORS OF THE
LAKE ELSINORE REDEVELOPMENT AGENCY, APPROVING
AND ADOPTING THE BUDGET FOR THE 1982-83 FISCAL
YEAR AND APPROPRIATING FUNDS THEREF4RE.
WHEREAS, that certain document entitled "Budget Fiscal Year
19II2-1983 Lake Elsinore Redevelopment Agency" on file in the office of the
Secretary, is hereby approved as the budget for the Lake Elsinore Redevelop-
ment Agency for the fiscal year 1982-83 to the extent of the totals set forth
for operating the Redevelopment Agency; and
~1HEREAS, the sum of $210,9~3 is hereby appropriated for the
purpose of carrying on the business of the Lake Elsinore Redevelopment Agency;
and
WHEREAS, the Executive Director, upon recommendation of the
Fiscal Officer, may transfer funds within each of the object category app-
ropriations as required to achieve the purpose of this agency; and
4JHEREAS, the Directors, from time to time, by motion or resolu-
tion, may approve and authorize the payment of non-budgeted de~ands from
appropriated funds; and may appropriate funds for budgeted and non-budgeted
items, and any such appropriation for a non-budgeted item shall constitute
an approval to issue a warrant in payment of a proper demand or demands
therefore;
NOW, THEREFORE, BE IT RESOLVED TH.4T the Secretary shall cause
this resolution to be published once within fifteen days after its passage,
in the Lake Elsinore Sun-Tribune newspaper as required by Section 3G933 of
the Government Code, shall certify to the adoption and publication of this
resolution, and shall cause this resolution and her certification, together
with proof of publication, to be entered in the Qook of P,esolutions of the
Lake Elsinore Redevelopment Agency.
NObJ, THEREFORE, BE IT FURTNER RESOLVED that this resolution,
being a resolution appropriating funds needed for the usual and current
expenses of the Agency, shall become effective and in full force immediately
upon its passage.
APPROVED FlPdD ADOPTEQ this 27th day of July, 1982.
ATTEST: ~j`"i~Y"Tia/--'t~~, -_ff~~1-.-.._
/; Howie Torn, Chairman
Secr~~~~ nore , e e~nl- t Agency
5
RPSOLUTION NO. CRA 82-11
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVElOPMENT AGENCY OF THE CITY OF LA~E
ELSINORE~ CALIFORNIA ADOPTING THE NINETY DAY
STATUTE OF LIMITATIONS OF SECTION 1094.6 OF
THE CODE OF CIVIL PROCEDURE FOR JUDICAL REVIEW
OF DECISIONS OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE
,
\
WHEREAS, Section 1094.6(g) provides that the provisions
of Section 1094.6 of the Code of Civil Procedure may be made
applicable to the Redevelopment Agency of the City of Lake Elsinore
if it adopts a resolution making that section applicable; and
WHEREAS, the Redevelopment Agency of the City of Lake
6lsinore desires to provide for the orderly and timely review of
administrative decisions,
NOW, THEREFORE, IT IS HEREBY RESOLVED by the Board of
Directors of the Redevelopment Agency of the City of Lake Elsinore,
California that:
The provisions of Section 1094.6 of the California Code of
Civil Procedure are applicable to the Redevelopment Agency of the
City of Lake Elsinore.
PASSED, APPROVED AND ADOPTED this
JULY , 1982.
ATTESTa
...: n6i)~..:(/~l`"~ ~~6 ti~~
MANUEL A. REDE, Secretary
27th day of
~/ `-^TZw
I~l-~C-/~~~ (
HOWIE TORN, Chalrman
APPROVED AS TO FORM:
EU~ E A. NA2ARE , Ag cy Counsel
_ _ . ----
55
~
~
~
~~
~
Q
RESOLUTION N0. 82-12
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY II
OF LAKE ELSINORE OPPOSING THE COUNTY OF RIVERSIDE'S '
POLICY ON REDEVELOPMENT AGENCIES AND REQUESTING A 90 ',
DAY DELAY IN IMPLEMENTING SAID POLICY. '
WHEREAS, the City of Lake Elsinore has established a redevelop- ,
ment agency pursuant to Community Redevelopment Law; and ,
WHEREAS, the purpose of the Redevelopment Agency of the City ,
of Lake Elsinore is to eliminate and prevent the spreading of blight ,
within the community; and '
WHEREAS, redevelopment throughout California has been a highly '
effective economic tool for eliminating conditions of blight and turning '
around deteriorating areas which injuriously affect the public's health, '
safety, and welfare; and
WHEREAS, the County of Riverside has promulgated a proposed ',
policy on redevelopment agencies which severely restricts the use of re- ',
development to alleviate conditions of physical, social, and economic '
distress; and '
WHEREAS, the County of Riverside adopted this policy without
consulting the affected cities of Riverside County and without an '
adequate study of its impact; and ~
WHEREAS, this policy directly and negatively affects the citizens ~,
of Lake Elsinore:
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ,
REDEVELOPP4ENT AGENCY OF THE CITY OF LAKE ELSINORE THAT: !,
The Redevelopment Agency of the City of Lake Elsinore opposes '
the County of Riverside's proposed policy on redevelopment
agencies and requests a 90 day delay in implementing said
policy to allow for further study and input from the cities '
of Riverside County. '
PASSED, APPROVED AND ADOPTED this 16th day of August, 1982,
by the following roll call vote: ,
AYES: KNIGHT, MAC MURRAY, TORN, VALENZUELA, UNSWORTH ',
NOES: NONE
ABSENT: NONE
f~1~t..t-~.~- 1 iT7
~irman, Lake Elsinore
Redevelopment Agency '
ATTEST:
_ ~~ ~ ,
Secretary, Lake Elsinore ,
Redevelopment Agency ',
RESOLUTION N0. CRA 82-13
RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT
AGENCY, RIVERSIDE COUNTY, CALIFORNIA, MAKING
DETERMINATIONS WTTH RESPECT TO THE FINANCING OF
A PROJECT FOR ACQUISITION AND CONSTRUCTION
OF FACILITIES AND EQUIPMENT AND DECLARING ITS
INTENTION TO AUTHORIZE CERTAIN OBLIGATIONS T0
PROVIDE FINANCING OF SAID PRO~ECT
(GREAT AMERICAP! ENGINEfRING
WHEREAS, GY"eat'Ameriean Engineering;,,,Inc (The °Company")
desires to acquire property and to construct and equip facilities
for the manufacture of electronic modules and related products
(the "Project"); and
WHEREAS, the Company is willing to locate the Project within
the project area of the Lake Elsinore Redevelopment Agency (the
"Agency") if the Agency will render financial assistance by the
authorization of certificates of participation or by the authori-
zation and/or issuance of other obligations (the "Obligations"),
in an amount not to exceed $1,000,000 pursuant to its authority
under the Community Redevelopment Law, being Part l, Division 24
of the Health and Safety Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it is
necessary for the Agency to make certain determinations with
respect to public benefits which may be derived from financing of
the Project and qualification of the Project for financing; and
WHEREAS, the Company has provided the Agency with sufficient
information regarding the Project, upon which the Agency may make
such determinations:
NOW, TNEREFORE, the Lake Elsinore Redevelopment Agency does
hereby RESOLVE, DETERMINE AND ORDER as follows:
Section 1. The Agency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in accordance with the provisions of the Act;
(b) That the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utilization benefits and/or
consumer benefits as specified in the Act; and
-1-
(c) That the authorization of said Obligations by
the Agency in an amount not to exceed $1,000,000
to finance the Project is likely to be a substan-
tial factor in the accrual of each public benefit
resulting from the use of the facilities so
financed.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to finance said Project in an amount
of not to exceed $1,000,000, effective from execution of said
Agreement, in accordance with the following terms and conditions.
Section 3. The Obligations shall be a special obligation
payable solely from revenues received from the Company or its
successors or assigns, pursuant to a financing agreement in a
form acceptable to the Agency and shall not be a general obliga-
tion of the Agency, City, State or any political subdivision of
the State.
Section 4. The Director of the Agency is hereby directed
to indicate the willingness on the part of the Agency to proceed
with and effect such financing and to advise the Company that
subject to compliance with all requirements of law and the obtain-
ing of all necessary consents and approvals and to the happening
of all acts and conditions, the Agency will take all necessary
action to authorize said Obligations in the amount herein indicated
to finance the cost of the Project.
Section 5. The Agency is hereby authorized to commence said
Project and advance such funds as may be necessary therefor, sub-
ject to reimbursement for all expenditures out of the proceeds of
said Obligations if and when said Obligations are authorized by
the Agency and said Project is finally approved for such financing
It is intended that this resolution shall constitute "some other
similar official action" toward the issuance of indebtedness within
the meaning of the Internal Revenue Code of 1954, as amended.
Section 6. The adoption of this resolution shall not bind
the Agency to authorize said Obligations until and unless all
other necessary actions and approvals are taken or received
The
-2-
adoption of this resolution does not and shall not limit in
any manner whatever, the Agency's full discretion to deny any
further permit or approval that may be necessary for ultimate
completion of said Project.
Section 7. This resolution shall take effect immediately
upon its adoption.
- ADOPTED this 14th Day of September, 1982.
ATTEST: ~sidenT't--
;~~-~,~ a ~ ~' ~~
Secretary
(SEAL)
-3-
RESOLUTION N0. CRA 82-14
RESOLUTION OF THE LAKE ELSIPJORE REDEVELOPMENT
AGENCY, RIVERSIDE COUNTY, CALIFORNIA, MAKING
DETERMINATIONS ~AITH RESPECT TO THE FINANCING OF
THE DEVELOPMENT AND/OR PURCHASE OF RESIDENTIAL
DWELLING UNITS AND DECLARING ITS INTENTION TO
AUTHORIZE CERTAIN OBLIGATIONS TO PROVIDE
FINANCING FOR SAID PROJECT.
ABC HERITAGE -- CANYON LAKE HILLS
WHEREAS, ABC HERITAGE, INC. (Developer) desires to develop
residential dwelling units (the "Project"); and
WHEREAS, the Developer is willing to locate the Project
within the project area of the Lake Elsinore Redevelopment Agency
(the "Agency") if the Agency will render financial assistance by
the authorization of certificates of participation or by the auth-
orization and/or issuance of other obligations (the "Obligations"),
in an amount not to exceed $100,000,000 pursuant to its authority
under the Community Redevelopment Law, being Part 1, Division 24
of the Health and Safety Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it is
necessary for the Agency to make certain determinations with
respect to public benefits which may be derived from financing of
the Project and qualifications of the Project for financing; and
WHEREAS, the Developer has provided the Agency with sufficient
information regarding the Project, upon which the Agency may make
such determinations:
NOW, THEREFORE, the Lake Elsinore Redevelopment Agency does
hereby RESOLVE, DETERMINE AND ORDER as follows:
Section 1. The Agency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in accordance with the provisions of the Act;
(b) That the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utilization benefits and/or
consumer benefits as specified in the Act; and
(c~ That the authorization of said Obligations by
the Agency in an amount not to exceed $100,000,000
to finance the Project is likely to be a substan-
tial factor in the accrual of each public benefit
resulting from the use of the facilities so financed.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to finance said Project in an amount
of not to exceed $100,000,000, effective from execution of said
Agreement, in accordance with the following terms and conditions.
Section 3. The Obligations shall be a special obligation
payable solely from revenues received from the Developer or its
successors or assigns, pursuant to a financing agreement in a
form acceptable to the Agency and shall not be a general obliga-
tion of the Agency, City, State or any political subdivision of
the State.
Section 4. The Director of the Agency is hereby directed
to indicate the willingness on the part of the Agency to proceed
with and effect such financing and to advise the Developer that
subject to compliance with all requirements of law and the obtain-
ing of all necessary consents and approvals and to the happening
of all acts and conditions, the Agency will take all necessary
action to authorize said Obligations in the amount herein indicated
to finance the cost of the Project.
Section 5. The Agency is hereby authorized to commence said
Project and advance such funds as may be necessary therefor, sub-
ject to reimbursement for all expenditures out of the proceeds of
said Obligations if and when said Obligations are authorized by -
the Agency and said Project is finally approved for such financing.
It is intended that this resolution shall constitute "some other
similar official action" toward the issuance of indebtedness within
the meaning of the Internal Revenue Code of 1954, as amended.
Section 6. The adoption of this resolution shall not bind the
Agency to authorize said Obligations until and unless all other nec-
essary actions and approvals are taken or received. The adoption
of this resolution does not and shall not limit in any manner what-
ever, the Agency's full discretion to deny any further permit or
approval that may be necessary for ultimate completion of said
Project.
Section 7. This resolution shall take effect immediately upon
its adoption.
ADOPTED this 12th Day of October, 1982.
~~ ~ ,
Hol~ i~e` Torn
Chairman
ATTEST:
~~.~ ~, ~
P~anuel A. Rede
Executive Director/Secretary
(SEAL)
_z_
RESOLUTION N0. CRA 82-15
1
2
3
4
5
6
7
8
9
10
11
12
13
?4
15
16
17
18
19
20
21
22
23
24
as
26
27
28
29
30 .
31
32
A RESOLUTION OF THE LAKF ELSINORE REDEVELOPMENT AGENCY PIAKING
FINDIN6S THAT SP[CIFIED PUQLIC IPIPROVEP9ENTS OUTSIDE THE JLRIS-
DICTIONAL BOUNDARIES OF THE RANCHO LAr,UNA REDEVELOPMENT PRO-
JECT AREA ARE OF BENEFIT TO THE PROJECT AREA AND CONSISTEPdT
WITH SECTION 33447 OF THE CALIFORNIA HEALTH AfJD SAF[TY CODE.
WHEREAS, the Lake Elsinore Redevelopment Aqency desires to provide
sewer, water, street, storm drainage and other public improvements to enable
redevelopment the the Central Business District; and
k~HEREAS, the Agency is applying for CDBG funds to augment Redevelop-
ment Agency funds for the provision of said improvements; and
bJHEREAS, Section 33447 of the California Health and Safety Code states
that taxes levied in a project area and allocated to the Agency as provided
in Subdivision (b) of Section 33670 (tax increments) may be used to finance
the construction of public improvements as determined by resolution of the
Aaency that said public improvements will be of benefit to the project
area; and
~HEREAS, said determination shall be final and conclusive as to the
issue of benefit to the project area.
NOI~I, THEP.EFORE BE IT RESOLVED that the Lake Elsinore Redevelopment
Agency hereby firds that the public improvements wi11 6e:of'benefit ~o
the'P,ancho Laguna'Redevelo~ment Project P,rea.
PASSED, APPROVED AND ADOPTED this 23rd day of Ncvember , 1982
on the following roll call vote:
AYES: KNIfHT, NACi9UR4AY, TCRN, UP,LEfdZUELA, UNSI'IORTI-i
NOES: NONE
ABSEPJT: NOPvE
ATTEST:
`_'J/~i`~'~ ~ ~- ~~~~
.Man~~~~~--A;~,IZede, Ezecutive S~cretary ~~
--~~"~~`-.!-c.e~--li?.~.__
HoWie Torn;""Chairman `
RESOLUTION N0. CRA 82-16
RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT
AGENCY, RIVERSIDE COUNTY, CALIFORNIA, MAKING
DETERMINATIONS WITH RESPECT TO THE FINANCING OF
A PROJECT FOR ACQUISITION AND CONSTRUCTION
OF FACILITIES AND EQUIPMENT AND DECLARING ITS
INTENTION TO AUTHORIZE CERTAIN OBLIGATIONS TO
PROVIDE FINANCING OF SAID PROJECT
(MISSING LINK II INVESTORS)
WHEREAS, Missing Link II (The "Investors") desire to
acquire property and to construct and equip facilities for
food preparation, sales, ~nd related food services (the -
"Project"); and
WHEREAS, the Investors are willing to locate the Project
within the project area of the Lake Elsinore Redevelopment Agency
(the "Agency") if the Agency will render financial assistance by
the authorization of certificates of participation or by the auth-
orization and/or issuance of other obligations (the "Obligations"),
in an amount not to exceed $1,000,000 pursuant to its authority
under the Community Redevelopment Law, being Part 1, Division 24
of the Health and Safety Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it
is necessary for the Agency to make certain determinations with
respect to public benefits which may be derived from financing of
the Project afld qualifieation of the Project for financing; and
WHEREAS, the Investors have provided the Agency with suf-
ficient information regarding the Project, upon which the Agency
may make such determinations:
NOW, THEREFORE, the Lake Elsinore Redevelopment Agency does
hereby RESOLVE, DETERMINE AND ORDER as follows:
Section l. The Agency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in accordance with the provisions of the Act;
(b) That the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utilization benefits and/or
consumer benefits as specified in the Act; and
(c) That the authorization of said Obligations by the
Agency in an amount not to exceed $1,000,000 to
finance the Project is likely to be a substantial
factor in the accrual of each public benefit
resulting from the use of the facilities so finan-
ced.
Section 2. The Agency hereby declares its intention to
authorize said Obligations to finance said Project in an amount
of not to exceed $1,000,000, effective from execution of said
Agreement, in accordance with the following terms and conditions.
Section 3. The Obligations shall be a special obligation
payable solely from revenues received from the Investors or its
successors or assigns, pursuant to a financing agreement in a
form acceptable to the Agency and shall not be a general obliga-
tion of the Agency, City, State or any political subdivision of
the State.
Section 4. The Director of the Agency is hereby directed
to indicate the willingness on the part of the Agency to proceed
with and effect such financing and to advise the Investors that
subject to compliance with all requirements of law and the obtain-
ing of all necessary consents and approvals and to the happening
of all acts and conditions, the Agency will take all necessary
action to authorize said Obligations in the amount herein indicated
to finance the cost of the Project.
Section 5. The Agency is hereby authorized to commence said
Project and advance such funds as may be necessary therefor, sub-
ject to reimbursement for all expenditures out of the proceeds of
said Obligations if and when said Obligations are authorized by the
Agency and said Project is finally approved for such financing. It
is intended that this resolution shall constitute "some other
similar official action" toward the issuance of indebtedness within
the meaning of the Internal Revenue Code of 1954, as amended.
Section 6. The adoption of this resolution shall not bind
the Agency to authorize said Obligations until and unless all other
necessary actions and approvals are taken or received. The adoption
-2-
of this resolution does not and shall not limit in any manner
whatever, the Agency's full discretion to deny any further
permit or approval that may be necessary for ultimate completion
of said Project.
Section 7. This resolution shall take effect immeciately
upon its adoption.
ADOPTED this 23rd Day of November, 1982.
~ ~rrc.Pi / J~...,
Howie Torn, Chairman
Redevelopment Agency of the
City of Lake Elsinore
ATTEST:
~ U < ~ ~~~`
Manuel A. Rede, Secretary
(SEAL)
-3-
RESOLUTION N0. CRA 82-17
RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT AGENCY, RIVERSIDE
COUNTY, CALIFORNIA, MAKING DETERMINATIONS WITH RESPECT TO THE
FINANCING OF A PROJECT FOR ACQUISITION AND CONSTRUCTION OF
FACILITIES AND EQUIPMENT AND DECLARING ITS INTENTION TO AUTHORIZE
CERTAIN OBLIGATIONS TO PROVIDE FINANCING OF SAID PROJECT.
(NELSON'S ACE HARDWARE)
WHEREAS, Nelson's Ace Hardware desires to acquire property and to construct
and equip facilities to provide home improvement hardware, and related sales and
services (The "Project"); and
WHEREAS, the Company is willing to locate the Project within the project
area of the Lake Elsinore Redevelopment Agency (the "Agency") if the Agency will
render financial assistance by the authorization of certificates of participation
or by the authorization and/or issuance of other obligations (the "Obligations"),
in an amount not to exceed $1,000,000 pursuant to its authority under the
Community Redevelopment Law, being Part l, Division 24 of the Health and Safety
Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it is necessary for
the Agency to make certain determinations with respect to public benefits which
may be derived from financing of the Project and qualification of the Project
for financing; and
WHEREAS, the Company has provided the Agency with sufficient information
regarding the Project, upon which the Agency may make such determinations;
NOW, THEREFORE, the Lake Elsinore Redevelopment Agency does hereby
RESOLVE, DETERMINE AND ORDER as follows:
Section 1. The Agency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in accordance with the provisions of the Act;
(b) That the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utilization benefits and/or
consumer benefits as specified in the Act; and
(c) That the authorization of said Obligations by the
Agency in an amount not to exceed $1,000,000 to
finance the Project is likely to be a substantial
factor in the accrual of each public benefit
resulting from the use of the facilities so financed.
Section 2. The Agency hereby declares its intention to authorize
said Obligations to finance said Project in an amount of not to exceed
$1,000,000, effective from execution of said Agreement, in accordance with
the following terms and conditions.
Section 3. The Obligations shall be a special obligation payable
solely from revenues received from the Company or its successors or assigns,
pursuant to a financing agreement in a form acceptable to the Agency and shall
not be a general obligation of the Agency, City, State or any political sub-
division of the State.
Section 4. The Director of the Agency is hereby directed to indicate
the willingness on the part of the Agency to proceed with and effect su~h
financing and to advise the Company that subject to compliance with all require-
ments of law and the obtaining of all necessary consents and approvals and to
the happening of all acts and conditions, the Agency will take all necessary
action to authorize said Obligations in the amount herein indicated to finance
the cost of the Project.
Section 5. The Agency is hereby authorized to commence said Project
and advance such funds as may be necessary therefor, subject to reimbursement
for all expenditures out of the proceeds of said Obligations if and when said
Obligations are authorized by the Agency and said Project is finally approved
for such financing. It is intended that this resolution shall constitute
"some other similar official action" toward the issuance of indebtedness within
the meaning of the Internal Revenue Code of 1954, as amended.
Section 6. The adoption of this resolution shall not bind the Agency
to authorize said Obligations until and unless all other necessary actions and
approvals are taken or received. The adoption of this resolution does not and
shall not limit in any manner whatever, the Agency's full discretion to deny any
further permit or approval that may be necessary for ultimate completion of said
Project.
Section 7. This resolution shall take effect immediately upon its
adoption.
ADOPTED this 14th day of December, 1982.
ATTEST:
~~ Q ~ '
P~anuel A. Rede, Executive Secretary
~~-e2.i-~-e~~~~_
Howie Tonn, Chairman
Redevelopment Agency of the
City of Lake Elsinore
RESOLUTION N0. CRA 82-18
RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT AGENCY,
RIVERSIDE COUNTY, CALIFORNIA, MAKING DETERMINATIONS
WITH RESPECT TO THE FINANCING OF A PROJECT FOR
ACQUISITION AND CONSTRUCTION OF FACILITIES AND EQUIP-
MENT AND DECLARING ITS INTENTION TO AUTHORIZE CERTAIN
OBLIGATIONS TO PROVIDE FINANCING OF SAID PROJECT.
(BUTTERFIELD SAVINGS AND LOAN)
WHEREAS, Butterfield Savings and Loan (The "Company") desires to
acquire property and to construct and equip facilities to provide lending
and other financial services (the "Project"); and
WHEREAS, the Company is willing to locate the Project within the
project area of the Lake Elsinore Redevelopment Agency (the "Agency") if
the Agency will render financial assistance by the authorization of certificates
of participation or by the authorization and/or issuance of other obligations .
(the "Obligations"), in an amount not to exceed $1,000,000 pursuant to its
authority under the Community Redevelopment Law, being Part l, Division 24
of the Health and Safety Code (the "Act"); and
WHEREAS, in order to render such financial assistance, it is necessary
for the Agency to make certain determinations with respect to public benefits
which may be derived from financing of the Project and qualification of the
Project for financing; and
WHEREAS, the Company has provided the Agency with sufficient infor-
mation regarding the Project, upon which the Agency may make such determinations;
NOW, THEREFORE, the Lake Elsinore Redevelopment Agency does hereby
RESOLVE, DETERMINE AND ORDER as follows:
Section l. The Agency does hereby find and determine:
(a) That the proposed use of the facilities to be
constructed and acquired under the Project is
in acco~dance with the provisions of the Act;
(b) That -the proposed use of the facilities is
likely to result in employment opportunity
benefits, resource utilization benefits and/or
consumer benefits as specified in the Act; and
(c) That the authorization of said Obligations by the
Agency in an amount not to exceed $1,000,000 to
finance the Project is likely to be a substantial
factor in the accrual of each public benefit
resulting from the use of the facilities so finan-
ced.
Section 2. The Agency hereby declares its intention to authorize
said Obligations to finance said Project in an amount of not to exceed
$1,000,000, effective from execution of said Agreement, in accordance with
the following terms and conditions.
Section 3. The Obligations shall be a special obligation payable
~_.
.-
solely from revenues received from the Company or its successors or assigns,
pursuant to a financing agreement in a form acceptable to the Agency and shall
not be a general obligation of the Agency, City, State or any political sub-
division of the State.
Section 4. The Director of the Agency is hereby directed to indicate
the willingness on the part of the Agency to proceed with and effect su~h
financing and to advise the Company that subject to compliance with all require-
ments of law and the obtaining of all necessary consents and approvals and to
the happening of all acts and conditions, the Agency will take all necessary
action to authorize said Obligations in the amount herein indicated to finance
4
the cost of the Project.
Section 5. The Agency is hereby authorized to commence said Project
and advance such funds as may be necessary therefor, subject to reimbursement
for all expenditures out of the proceeds of said Obligations if and when said
Obligations are authorized by the Agency and said Project is finally approved '
for such financing. It is intended that this resolution shall constitute
"some other similar official action" toward the issuance of indebtedness within
the meaning of the Internal Revenue Code of 1954, as amended.
Section 6. The adoption of this resolution shall not bind the Agency
to authorize said Obligations until and unless all other necessary actions and
approvals are taken or received. The adoption of this resolution does not and
shall not limit in any manner whatever, the Agency's full discretion to deny any
further permit or approval that may be necessary for ultimate completion of said
Project.
Section 7. This resolution shall take effect immediately upon its
adoption.
ADOPTED this 14th day of December, 1982.
ATTEST:
I~-euna~~ ~ e e, xecu~ivl~ary
ld ~-v-c-2~ l ~-`
owie orn, airman
Redevelopment Agency of the
City of Lake Elsinore