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HomeMy WebLinkAboutRDA Reso No 1993RESOLUTION N0. RDA 93-2 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AFFIRMING APPROVAL OF THE LAKE ELSINORE LAKE MANAGEMENT PROJECT APPROVING CONSTRUCTION OF THE CAANNEL-TYPE INLET WHEREAS, the Redevelopment Agency has participated in the planning process for, and supports the purpose and goals of the Lake Elsinore Management Project; and WHEREAS, the Redevelopment Agency has authorized City representation on the Lake Elsinore Management Authority and has provided pro rata funding to support construction of the Lake Elsinore Lake Management Project, including facilities to mitigate impacts of the project; and WHEREAS, the Redevelopment Agency, through the City of Lake Elsinore Public Works Department, has the responsibility to construct the channel-type inlet component of the Lake Management Project; and WHEREAS, the Redevelopment Agency is not the Lead Agency for the Lake Management Project, but is a Responsible Agency for purposes of complying with the California Environmental Quality Act, pursuant to Public Resources Code Section 21000-21117; and WHEREAS, the Lead Agencies, Elsinore Valley Municipal Water District and Santa Ana Watershed Project Authority, have prepared and certified the Final Environmental Impact Report/SUpplemental Environmental Assessment, Proposed Elsinore Lake Management Project, dated January, 1988, addressing environmental impacts and mitigation measures for the entire project, including the inlet structure component, and which lead to a federal Finding of No Significant Impact; and WHEREAS, the U.S. Army Corps of Engineers has prepared and approved an Environmental Assessment, pursuant to requirements of the National Environmental Policy Act and has prepared a 404(b)(1) Alternatives Analysis and Public Interest Review, dated June 1, 1989, addressing environmental impacts and mitigation measures for various Lake Management Project components, including the channel inlet structure, and which lead to a federal Finding of No Significant Impact, and has issued a Section 404 permit, pursuant to the Clean Water Act, 33 U.S.C. Section 1344; and WHEREAS, the Redevelopment Agency has previously reviewed the Lake Management Project environmental documents and found them to contain an adequate description of the environmental impacts of the project and measures necessary to mitigate the significant adverse effects. NOW, THEREFORE, BE IT RESOLVED, that the Redevelopment Agency of the City of Lake Elsinore finds and determines with respect to the Lake Elsinore Lake Management Project, as follows: 1) The Redevelopment Agency finds that the information contained in the Final Environmental Impact Report/SUpplemental Environmental Assessment, dated January, 1988, and the Corps of Engineer's Environmental Assessment, June l, 1989, and including conditions of approval, adequately considers and analyzes the environmental impacts which could result from implementation of Lake Management Project components under the City's jurisdiction and authority. 2) The Redevelopment Agency reaffirms its support and approval of the Lake Elsinore Lake Management Project, as presented by the Lead Agencies and Corps of Engineers in the environmental documents referenced above and their subsequent actions to define the details of the project. 3) The Redevelopment Agency finds and determines that the construction and operation of the proposed channel-type inlet component will not result in significant unavoidable adverse impacts, and directs that the following applicable mitigation measures, contained in the Lead Agencies' and Corps' environmental documents and permits, be incorporated into the project as listed below. Air Quality a) Water will be applied regularly to disturbed soil surfaces during construction to control dust. b) Any area disturbed by construction would be seeded with native plant species to aid development of ground cover. Topography, Geoloqy and Soils a) Flood water from the San Jacinto River will be routed through the lake to Temescal Wash. The available storage capacity in the lake behind the levee will be used to lessen the peak flow of the runoff water. b) If fossils remains are encountered during construction, construction activities would be diverted away from the remains until a qualified paleontologist approved by the Natural History Museum of Los Angeles County has removed the remains and allowed construction to proceed. Construction would then be monitored in the vicinity of the fossil site. Water Resources a) Silt curtains or other protective devices would be used for all construction in water and shoreline areas to minimize sediment transport and resultant turbidity in adjacent aquatic areas. b) No work shall be conducted within flowing waters of the San Jacinto River. Should work be completed during the period when the river is flowing, then water shall be diverted around the work area. If this is required, then sediment filter devices shall be installed and maintained, appropriately, and additional shoreline protection shall be provided for bank stabilization. Upon completion of the work, the riverbed is to be stabilized and the river flows are to be returned to natural course. c) During the course of construction, erosion control shall be accomplished through the use of temporary desiltation basins within the San Jacinto River. d) No equipment shall be serviced or stored within 100 feet of the streambank. Hazardous materials, chemicals, fuels and lubricating oils shall not be stored within 100 feet of the streambank. Whenever practicable, equipment refueling operations shall also take place within a bermed area with an impervious floor located at least 100 feet from the river. All equipment shall be maintained in a manner that prevents any leakage of oils, fuels or fluids into the waterway of the San Jacinto River. -2- Biological Resources a) A low-flow diversion structure would be built into the new inlet channel to allow normal low-flow water to continue along the natural channel of the San Jacinto River (low-flow riparian channel) from the edge of the valley floor to the area behind the levee. Socioeconomic Resources a) Earth transport trucks will be scheduled and routed in the City of Lake Elsinore to minimize traffic congestion and avoid land uses that are noise sensitive (e.g. rest homes, schools, hospitals). In residential areas, construction work will be limited to daytime hours to minimize noise impacts. Material in route will be covered or moistened to preclude loss of fine material (i.e., dust) to the roadway. 4) The Redevelopment Agency directs the City Engineer to initiate construction, subject to securing all required permits from regulatory agencies. 5) The Redevelopment Agency directs the City Engineer to file a Notice of Determination, pursuant to the State CEQA Guidelines, Section 15096(i). PASSED, APPROVED AND ADOPTED BY THE FOLLOWING VOTE at the Redevelopment Agency Board Meeting of February 23, 1993 LARE ELSINORE REDEVE PMENT AGENCY BOARD _ /~/ C JIM W NKLER, CAAI OF THE BOARD APPROVED AS TO FORM AND LEGALITY: \ ~ JOH R. H P, CI Y ORNEY ~OTE WAS AS FOLLOWS: AYES: BOARDMEMBERS: ALONGI, CHERVENY, DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE -3- STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF TAE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Authority on 24th day of February, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, CHERVENY, DOMINGUEZ, WASHBURN~ WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE VICKI [tASAD, CITY CLERK CITY OF LAKE EI,SINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-2 of said Council, and that the same has not been amended or repealed. : 'r;~~br~aary 24, 1993 VIi:RI'3t7~SAD, C1TY CLERK CITY (3r iAKE ELSINORE (SEAL) BDa RESOLUTION NO. 93-3 ~~A RESOLUTION OF THE LAKE ELSINORE REDEVELOP- MENT AGENCY CONCERNING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND AMONG THE LAKE ELSINORE REDEVELOPMENT AGENCY, 'PHE ~ITY OF LAKE ELSINORE, AND EASTLAKE CONMC~NITY BUILDERS (EAST LAKE PROJECT) WHEREAS, the Lake Elsinore Redevelopment Agency (the "Agency") is engaged in activities necessary to execute and implement the Redevelopment Plans for Rancho Laguna Redevelopment Project Area Nos. II and III which were adopted by Ordinance Nos. 671 and 815 of the City Council of the City of Lake Elsinors on July 11, 1983, and September 8, 1987, respectively; and WHEREAS, on or about December 22, 1992, the Agency, the City of Lake Elsinore (the "City"), and Eastlake Community Builders ("ECB") entered into that ce~tain Memorandum of Understanding (the "MOU") relating to the dev~lopment of the approximately 3,000 acres of land located within the aforedescribed Redevelopment Project Areas, all as more particularly described in the East Lake Specific Plan; and WHEREAS, pursuant to the MOU and in accordance with the Specific Plan, staff of the Agency and City have negotiated a Disposition and Development Agreement (the "Agreement") with ECB to effect the disposition of land within the East Lake Specific Plan area and the development of the project thereon, which project is consistent with the Redevelopment Plans, the General Plan of the City, the Specific Plan, and all other applicable development and building standards and requirements of the City and Agency; and WHEREAS, the Agreement contains all of the provisions, terms, conditions, and obligations required by State and local law; and WHEREAS, ECB possesses the qualifications necessary to ensure development of the project in accordance with the purposes and objectives of the aforedescribed Redevelopment Plans; and WHEREAS, the Agency has prepared and the Agency and City Council each has reviewed and considered a Summary Report setting forth the cost of the Agreement to the Agency and the estimated value of the interests in real property to be conveyeci to ECB, determined at the highest uses permitted under the Redevelopment Plans, and said Summary Report has been made available for public inspection and copying in accordance with the California Community Redevelopment Law; and WHEREAS, notice of a public hearing concerning the Agreement was published in accordance with applicable law and, on May 25, 1993, the Agency and City Council held a joint public hearing concerning the Agreement; and WHEREAS, an Environmental Impact Report ("EIR") for the project has been prepared in accordance with the California Environmental Quality Act ("CEQA") and the State CEQA Guidelines promulgated thereunder, and the Agency and City have certified the EIR and adopted appropriate findings and mitigation measures; and WHEREAS, Section 33445 of the California Health and Safety Code authorizes the Agency, with the consent of the City Council, to pay the cost of installation and construction of any building, facility, structure, or other improvement which is publicly owned either within or without the aforedescribed Redevelopment Project Areas if certain findings and determinations can be made; and WHEREAS, the Agency has duly considered all of the terms and conditions of the Agreement, the Summary Report, and all evidence FS2\112\014804-0001\2049027.1 OS/27/93 and argument submitted by the City/Agency staff, ECB, and the public and has determined that the project is in the best interest of the City and the health, safety, morals, and welfare of its residents,, and in accordance with the public purposes and provisions of •applicable State and local law; NOW, THEREFORE, BE IT RESOLVED by the Lake Elsinore Redevelopment Agency as follows: 1. The above recitals are true and correct. 2. The Agency does hereby find and determine as follows: a. That the consideration to be received by the Agency for the sale of properties to be conveyed to ECB pursuant to the Agreement is not less than the fair market value of the property, determined at the highest use permitted under the applicable Redevelopment Plan(s) and that such consideration is not less than the fair market value for the property in accordance with the covenants and conditions governing the sale. b. That, with respect to the obligations of the Agency in the Agreement for the financing of certain public improvements, as set forth therein, such improvements are of benefit to the aforedescribed Redevelopment Project Areas and no other reasonable means of financing such improvements are available to the City of Lake Elsinore. 3. The Agreement is hereby approved. 4. The Chairperson of the Agency is authorized and directed to execute the Agreement on behalf of the Agency and the Executive Director is authorized to take all actions necessary and appropriate to implement the Agreement on behalf of the Agency. PASSED, APPROVED AND ADOPTED by the Lake Elsinore Redevelopment Agency on May 25, 1993 by the following vote: AYES: BOARDMEMBERS: DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: ALONGI, CHERVENY APPROVED TO FORM AND LEGALITY: ~~ ~' John R. Harp r City Attorney~ F52\112\014804-0001\2049027.1 OS/27/93 - Z - STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Agency on 25th day of May, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: DOMINGUEZ, WASHBURN,WINKLER NOES; BOARDMEMBERS: ALONGI, CHERVENY ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ,~^~~ CKI KASAD, CiTY CLERK CITY ~F I:AKE ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-3 of said Council, and that the same has not been amended or repealed. D TED: J ne 18, 1993 CiZI KASA~Y CLERK CITY OT'. F,AKE EL£INORE (SEAL) RESOLUTION NO. RDA 93-4 A RESOLUTION OF THE REDEVEIAPMENT AGENCY OF THE CITY OF ~,AKE ELSINORE, CALIFORNIA, APPROVING AND ADOPTING TAE BUDGET FOR FISCAL YEAR 1993-94 AND APPROPRIATING THE FUNDS NECESSARY TO MEET THE EXPENDITURES SET FORTH THEREIN WSEREAS, the Executive Director has submitted to the Board of Directors of the Lake Elsinore Redevelopment Agency a budget for Fiscal Year 1993-94 having proposed expenditures for all funds in the amount of $15,605,600; and NOW, THEREFORE, the Board nf ~irectors of the Lake Elsinore Redevelopment Agency does herabx find, determine and declare that the budget for fiscal Year 1g93-94 is hereby PASSED, APPROVED AND ADOPTED this 13th day of July, 1993, by the following vote: AYES: BoARDMEMBERS: ALON,I, CHERVENY, DOMINGUEZ, b1ASHBURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ~ ~ JIM WINKLER, CHAI LAKE ELSINORE REDEVELOPMENT AGENCY <~ CLERK OF THE BOARD APPROVED AS TO FORM AND LEGALITY: v IY~ JOHN R. HAR ER, AG NCY ATTORNEY STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I~ VICKI KASAD, CITY CLERK OF TAE CITY OF LAKE ELSINORE~ DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Agency on 13th da~ of July, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, CHERVENY, DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ~~` ^ ~~,c~~ VICKY KASAD~ CITY CLERK CITY OF LAKE ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-4 of said Council, and that the same has not been amended or repealed. ~11'E~ Ju1~993 L~ ) VICKI KASAD~ CITY CLERK CITY OF LAKE ELSINORE (SEAL) " RESOLUTION N0. RDA 93-5 ~ A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA REQUESTING THE TAX COLLECTOR OF THE COUNTY OF RI~IERSIDE TO PLACE SPECIAL TAXES ON THE BILLS OF,CERTAIN PROPERTIES. WHEREAS, the Board of Directors of the Redevelopment Agency of the City of Lake Elsinore, Califorraia (the "Agency"), has heretofore instituted and conducted proceedings under the terms and provisions,of the Mello-ROOS Community k'acilities Act of 1982 (the "ACt"), being Chapter 25 of Part 1 of Division 2 of Title 5 (commencing at Section 53311) of the State of California Government Code for~the acquisition and construction of certain public works of improvements; together with appurtenances and appurtenant work in a special tax district designated as COMMUNITY FACILITIES DISTRICT N0. 90-2 (TUSCANY HILLS PUBLIC IMPROVEMENTS), hereinafter referred to as the CFD 90-2; and WHEREAS, in Agency Resolution RDA No. 90-6 adopted on October 24, 1990, the "Resolution of Intention"; Agency Resolution No. RDA 90-12 entitled "A Resolution Declaring Results of Special Election and Directing Recording of Notice of Special Tax Lien", adopted November 27, 1990; and Agency Ordinance No. RDA 1 entitled "An Ordinance of the Governing Board of the Redevelopment Agency of the City of Lake Elsinore Levying Special Taxes Within the Redevelopment Agency of the City of Lake Elsinore Community Facilities District No.90-2 (Tuscany Hills Public Improvements)", adopted December 11, 1990; and WHEREAS, all special taxes in this district were levied without regard to property valuation; and NOW, THEREFORE, the Board of Directors of the Redevelopment Agency of the City of Lake Elsinore does hereby resolve as follows: 1. That the portion of the principal, interest and other costs related to CFD 90-2 due or coming due through June 30, 1994, be placed on the County Tax Rolls and be collected by the Riverside County Tax Collector, as provided for in Exhibit "A" (a summary of fixed charges). 2. That the properties to be so assessed and the related ~ Resolution No. 93-~_ Page 2 ~._. ' E amounts are submitted on magnetic tape as requested by the Riverside County Tax Collector, further identified as County Fund No. 68-2364. PASSES, APPROVED AND ADOPTED this 27th day of July, 1993 by the following vote: AYES: BOARD MEMBERS: ALONGI, DOMINGUEZ, WINKLER, WASHBURN NOES: BOARD MEMBERS: NONE ABSENT: BOARD MEMBERS: CHERVENY ABSTAIN: BOARD MEMBERS: NONE ~ f . ~' / (~, JIM WINKLER, CHAIRMAN CITY OF LAKE ELSINORE REDEVEIAPMENT AGENCY AT .ST: ~~~ (J~~ vzcxz L. xASni CLERK ~F `PiiE BOARD APPROVED AS TO FORM AND LEGALITY: REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE EXHIBIT "A" COMMUNITY FACILITIES DISTRICT 90-2 (TUSCANY HILIS PUBLIC IMPROVEMENTS) STJMt~SARY OF FIXED CHARGES FOR TAX ROLL FISCAL YEAR 1993-94 FUND NUMBER TOTAL PARCELS TOTAL CHARGES 68-2364 893 O~ actual count ~ oL~ 1,469,140.00 CFD90-2.ExA STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD~ CITY CLERK OF THE CITY OF LAKE ELSINORE~ DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Agency on 27th day of July, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: CHERVENY ABSTAIN: BOARDMEMBERS: NONE ~ ~ ~~~~ VICKI KP~SAD, CITY CLERK CITY OF LAKE ELSINORE (SEAL) STATE OF CALIFORNIA ) COLINTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foreqoing is a full, true and correct copy of Resolution No. RDA 93-5 of said Council, and that the same has not been amended or repealed. D TED: J y 2, 1993 ~~ KI KASAD, Y CLERK CITY OF LAKE ELSINORE (SEAL) RESOLi]TION NO. RDA 93-~ A RESOLIIT~TON OF THE REDEVEIAPl~NT AGENCY OF THE CITY OF LAKB ELSINORE,;FINDING' ANti DECI,ARING THAT R`ffi? RES2IIIREMF:NTS OF IAW AND MODII2ATE INCOME HOIISING IN ALL PROJSCT Agg,AS ARE BEING MET WHEREAS, Section 33334.2 of the Redevelopment Law requires that every redevelopment plan adopted after January 1, 1977, not less than twenty percent (20$) of tax revenues be set aside in a separate low and moderate income housing fund and be used for .the purpose of increasing and improving the community's supply of low and moderate income housing, unless one of the following findings is made: 1. That no need exists in the.community, the provisions of which would benefit the project area, to improve or increase the supply of low and moderate income housing; 2. That some stated percentage less than twenty percent (20~) of the taxes which are allocated to the agency is sufficient to meet such housing needs; or 3. That a substantial effort to meet low and moderate income needs in the ccammunity is being made and that this effort, including the obligation of funds currently available for the benefit o£ the community from State, local and Federal sources for low and moderate income housing alone or in combination with tax revenues, is equivalent in impact to the funds otherwise required to be set aside; and wHEREAS, Resolution 89-1 of the Redevelopment Agency of the City of Lake Elsinore made findings that all low and moderate income housing within the City, even though outside a project area, is of benefit to the project areas; and WHEREAS, the guidelines defining low and moderate income housing a promulgated by the U.S. Department of Housing and Urban Development are the criteria for determining qualification of low RESOLUTION N0. RDA 93- 6 '/ _ i and moderate income housing; and, WHEREAS, the .1993 HUD guidelines as applied to Riverside County define the area median income at $41,400.00 for low and moderate income housing purposes; and WHEREAS, the Regional Housing Needs Assessment for 1988, as published by the Southern California Association of Governments, and the City's General Plan housing element identifies for Lake Elsinore 6,644 total residential units of which 2,758 (41.5~) are classified as "Lower Income Housinq Units", and permits issued since those findings produced another 822 units, thus bringing to a total 7,466 units with thirty eight percent (38~) or 2,859 classified as "LOwer Income Housing Units". NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the housing available to low and moderate income families in the City of Lake Elsinore substantially exceed twenty percent (20~) of the total available housing. SECPION 2. The finding is made that the low and moderate income housing needs in the City of Lake Elsinore are being met and no need exists to set aside twenty percent (20~) of the tax increment revenue generated in any project area for the Fiscal Year 1992-93 and 1993-94. SECTION 3. The Secretary of the Agency will certify to the adoption of this resolution. RESOLUTION N0. RDA 93- 6 PASSED, APPROVED AND ADOPTED this 27th day of July, 1993, upon the following vote: AYES: NOES: ABSENT: " ABSTAIN: „ BOARDMEMBERS : BOARDMEMBERS : BOARDMEMBERS= BOARDMEMBER DOMINGUEZ, WINKLER, WASHBURN ALONGI f.HFRVFNY A U ,1P1/~'A . ~ . i~U-~'...~-~ VICitI L. KASAD CLEFcK OF ?'HE BOARD APPROVED AS `i0 FORM AND LEGALITY: ~ JOHN R. HARPER, LE AL UNSEL REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Agency on 27th day of July, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: DOMINGUEZ, WASABURN, WINKLER NOES: BOARDMEMBERS: ALONGI ABSENT: BOARDMEMBERS: CHERVENY ABSTAIN: BOARDMEMBERS: NONE U~ h~~,~'i~ ~ VICKI KASAD~ CITY CLERK CITY OF LAKE ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foreqoing is a full, true and correct copy of Resolution No. RDA 93-6 of said Council, and that the same has not been amended or repealed. DA ED: J~ 1 28, 1993 ~.s-~ ~~~'°"'~"1 VICKI KASAD, CITY CLERK CITY OF LAKE ELSINORE (SEAL) RESOLUTIONNO. RDA 93-7 ~ A RESOLUTION DECLARING INTENiZON TO REIlVIBURSE EXE'E.*IDP!'URES FROM TAE PR.(~EIDS OF OBLIGATIONS TO BE ISS'iJID BY Tf~ LAKE ELSINORE PUBLIC FINANCING AU'1'HORI'1'Y AND LOANED TO TE~ REDEVELOPMENT AGENCY OF TI~E' CITY OF LAKE ELSINORE A1~TD DIRECTI~TG CER.TAIN ACTIONS RESOLYED, 6y the Redevelopment Agency of the City of Lake Elsinore (the "Agency"): WHEREAS, the Agency proposes to uxidertake the project referenced below, to - enter into loan agreements with the Lake Elsinore Public Financing Authority (the "Authority") to obtain funds to finance the project and to use a portion of the loan proceeds to reimburse egpenditures made for the project prior to the issuance of the Authority's bonds referenced ~elow; Wf~REAS, the Autlaarity will obtain the funds to loan to the Agency by issuing its revenue bonds payable from the loan repayments by the Agency; Wf~REAS, United States Income Taa Regulations section 1.103-18 provides generally that proceeds of tag-esempt debt are not deemed to be espended when such proceeds are used for reimbursement of eapenditures made prior to the 3ate of issuance of such debt unless certain procedures are followed, among which is a requirement that (with certain eaceptions), prior to the payment of any such egpenditure, the issuer or conduit borrower, as applicable, must declare an intention to reimburse such eapenditure; WfiEREAS, in the conteat of the issuance of the bonds by the Authority and the bonowing of the proceeds thereof by the Agency, the Agency is the conduit borrower; and WHEREAS, it is in the public interest and for the public benefit that the Agency declare ita official intent to reimburse the egpenditures referenced herein; NOW, TfIEREFOR,E, it is hereby DECLARED and ORDE$.ED, as follows: 1. The Authority intends to issue obligations in a maximum principal amount of $20,000,000 (the "Obligations") for the purpose of providing funds to the Authority to make three separate loans to the Agency (the "Loans"), which funds the Agency will use to pay, among other things, the cost of a stadium project (the "Project"). 2. The Agency hereby declares that it reasonably egpects to use a portion of the proceeds of the Loans and, hence, the Obligations for reimburaement of eapenditures for the Project that are paid before the date of issuance of the Obligations. 3. The foregoing declaration is consistent with the budgetary and financial circumstances of the Agency in that there are no funds (other than proceeds of the Loans and, hence, the Obligations) that are reasonably eapected to be (i) reserved, (ii) allocated or (iii) otherwise set aside, by or on behalf of the Agency or any entity controlled by the Agency, for the eapenditures for the Projects that are expected to be reimbursed from the proceeds of the Loans and, hence, the Obligationa. >x;. ;~ ~ ,~. . 4. Within not more than thirty (30) days following the date of adoption of this Resolution, the Secretary of the Agency is directed to make this Resolution available to the public at the customary location of public records of the Agency. The Secretary is hereby further directed to assure such public, availability until the date of issuance of the Obligations. 5. This Resolution is a declaration of official intent under Income Tag Regulations section 1.103-18. 6. This Resolution shall take effect from and after the date of its passage and , ~ adoption. ssr~r PASS AND ADOPTED this 5th day of August, 1993, by the following vote: AYES: BOARDPIEMBERS: DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: ALONGI ' ABSENT: , BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: CHERVENY ;s:,,..,.. _ - %"~ ~ ~ ~ ~ ~ Chairman of the Redevelopment Agency of the City of Lake Elainore _ (SEAL) Attest: ~~~ ~ ~~'~. ~y. ~ S cretary of the Redev lopment Agency of the Ci y of Lake Elsinore -2- STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I~ VICKI KASAD~ CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a reqular meeting of said Agency on 5th day of August, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: ALONGI ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: CHERVENY : ~ VICKI .. ~AD, C TY CLERK CITY UF LAKE EL•SINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) 2, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-7 of said Council, and that the same has not been amended or repealed. D TED: ~u st 10, 1993 I~~SAD~ , CITY CLERK CITY O~' 7,AKE ELSINORE (SEAL) RESOLUTION NO. RDA 93-5 REDEVELOPMENT AGENCY RESOLUTION NO. RDA 93-8 WAS NOT ADOPTED. RESOLU'1'dONNO.RDA 93-9 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF Tf~ C1TY OF T"AKF; ELSINORE AUTHORIZING AND DIR.ECTING THE F~CUTION OF 1~iREE SEPARATE LOAN AGREEMENTS RELATING TO THE ISSUANCE OF CERTAIN NOTESBY 7.~ LAKE ELSINORE PUBLIC FINANCING AUTHORITY, APPROVING FINAL OFFICIAL STATEMENT RELATING TO 5UCH NOTES, MAHING CERTAIN FINDINGS OF BENEFIT AND AU`1T~IORIZING AND APPROVING OTHER MATl'ERS PROPERLY RELATING Ttigt_~'O WFI~Ii.~AS, the City of Lake Elsinore (the "City") and the Redevelopment Agency of the City of Lake Elsinore (the "Agency") have heretofore entered into a Joint Exercise of Powers Agreement dated as of July 25, 1959, establishing the Lake Elsinore Public Financing Authority (the "Authority") for the purpose of issuing its bonds, notes and other obligations to be used to provide financial assistance to the Agency; WHERF,AS, the Authority proposes to issue two separate issues of notes, namely, its 1993 Series A Subordinate Tax Allocation Revenue Notes (Lake Elsinore Redevelopment Projects) in the principal amount of not to exceed $13,500,000 (the "Tax- Exempt Notes") and its 1993 Series B Subordinate Taxable Tax Allocation Revenue Notes (Lake Elsinore Redevelopment Projects) in the principal amount of not to exceed $10,500,000 (the "Taxable Notes") for the purpose of providing funds to make three separate loans (the "Loans") to the Agency pursuant to the loan agreements hereinafter described (the "Loan Agreements") to finance and refinance various redevelopment activities of the Agency, the form of such Loan Agreements being on file with the Secretary; WHEIL~AS, the Notes will be repaid from, and secured by, payments to be made to the Authority by the Agency pursuant to the Loan Agreements; WfI~REAS, the Authority has sold the Notes to First California Capital Markets Group, Inc. (the "Underwriter") for offer and sale by the Underwriter to members of the general public, and in connection with the offering of the Notes, the Underwriter has caused to be prepared an Official Statement describing, among other things, the Agency and the Notes, the form of which is on file with the Secretary; WHEREAS, the Loans will be made with respect to Rancho Laguna Redevelopment Project Area No. I("Project Area No. I"), Rancho Laguna Redevelopment Project Area No. II ("Project Area No. II") and Rancho Laguna Redevelopment Project Area No. III ("Project Area No. III") and a portion of the proceeds of the Loan made to Project Area No. III will be used to pay upon early redemption on October 1, 1993, the Project Area No. III Tax Allocation Bond Anticipation Notes, 1992 Series (the "1992 Notes") pursuant to the 1992 Notes Escrow Deposit and Trust Agreement (the "1992 Notes Escrow Agreement"), the form of which shall be in customary form prepared by bond counsel; WHEREAS, the proceeds of the Loans will also be used to pay the costs of the Lake Elsinore Municipal Stadium Project and related public infrastructure improvements (the "Project"), the Project being located in Project Area No. III, but, as hereinafter determined, the Project also being of benefit to Project Area No. I and Project Area No. II; Wf~REAS, the Loans will be repaid from Tax Revenues (as defined in the Loan Agreements) allocated to each of the three Project Areas; WHEIi.EAS, pursuant to Section 33679 of the Law, the City Council of the City and the Agency held a joint public hearing on August 5, 1993, on the commitment of the Agency to use Taic Revenues for the purpose of paying the costs of the Project, notice of such public hearing having been duly published as evidenced by affidavit of publication on file with the City Clerk; WHEBEA,S, at said public hearing, all persons desiring to be heard were heard and the Agency has considered all matters pertinent to its determinations to be made pursuant to Section 33445 of the Law, as hereinafter set forth; WHEREAS, the Agency, with the aid of its staff, has reviewed the Loan Agreements and the form of Official Statement and the transactions therein described, and wishes at this time to approve the forgoing in the public interests of the Agency, subject to the terms and conditions set £orth; NOW, TFIEREFORE, BE IT R.ESOLVED, DETEIi1VIINED AND ORDERED by the Redevelopment Agency of the City of Lake Elsinore as follows: 5ection 1. Approval of Loans. The Agency hereby authorizes and approves the making of three separate loans to the Agency. Each of the Loans shall be made in two advances, namely, the first advance to be made from the proceeds of the Tax-Exempt Notes and the second advance to be made from the proceeds of the Taxable Notes pursuant to the following Loan Agreements, namely, the Loan Agreements, each dated as of September 1, 1993, by and between the Authority and the Agency relating to the Loans to the Agency with respect to Project Area No. I, Project Area No. II and Project Area No. III, respectively. The Agency hereby approves the Loan Agreements in substantially the form on file with the Secretary together with any additions thereto or changes therein (including but not limited to the principal amount of the loan provided for therein) deemed necessary or advisable by the Executive Director or an authorized representative of the Executive Director, whose execution thereof shall be conclusive evidence of approval of any such additions and changes. The Executive Director is hereby authorized and directed to execute, and the Secretary is hereby authorized and directed to attest and affix the seal of the Agency to, the final form of the Loan Agreements for and in the name and on behalf of the Agency. The Agency hereby authorizes the delivery and performance of the Loan Agreements. Section2. OfficialStatement The Agency hereby approves the Official Statement describing the Tax-Exempt Notes and the Taxable Notes, in substantially the form submitted by the Underwriter and on file with the Secretary. Distribution of the final Official Statement by the Underwriter is hereby approved. Section 3. Determination of Benefit; Means of Financing. Based on the location and construction plans for the Project, the preliminary Official Statement, and the other evidence submitted to the Agency in connection with the approval of the Project, which evidence the Agency finds to be substantial, persuasive and conclusive as to the £ollowing determinations, the Agency determines that (i) the Project is of benefit to Project Area No. I, Project Area No. II and Project Area No. III, and (ii) there is no reasonable means o£ financing the Project, except with the proceeds of the Loans. The foregoing determinations shall be final and conciusive. Section4. OfficialActiona The Chairman, the Vice-Chairman, the Treasurer, the Secretary, the Agency General Counsel and any and all other officers of the Agency are hereby authorized and directed, for and in the name and on behalf of the Agency, to do any and all things and take any and all actions, including execution and delivery of any and all assignments, certificates, requisitions, agreements, including, without limitation, the 1992 Notes Escrow Agreement, notices, consents, instruments of conveyance, warrants and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance, sale and delivery of the Tax-Exempt Notes and the Taxable Notes, the making of the Loans pursuant to the Loan Agreements and the refunding of the 1992 Notes. Section 5. Effective Date. This Resolution shall take effect from and after the date of its passage and adoption. PASSED AND ADOPTED this 14th day of September, 1993. AYES: COUNCILMEMBERS: ALONGI, DOMINGUEZ, WASHBURN, WINKLER NOES: COUNCILMEMBERS: CHERVENY ABSENT: COUNCILMEMBERS: NONE t ~ Chairman [S E A L) Attest: ~ APPROVED AS TO FORM AND LEGALITY: ~ ~ John R. Harper, eg Counsel STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Aqency of the City of Lake Elsinore at a regular meeting of said Agency on 14th day of September, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, DOMINGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: CHERVENY ABSENT: BOARDMENIBERS: NONE ABSTAIN: BOARDMEMBERS: CHERVENY ~~1./(,L.s~"'..~r. VICKI KASAD, CITY CLERK CITY OF LAKE ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-9 of said Council, and that the same has not been amended or repealed. D TED: S ptember 16, 1993 _ , SAD, ITY CLERK CITY OF LAKE ELSINORE (SEAL) RESOLUTION No. RDA 93-10 RESOLUTION OF THE CITY OF LARE EISINORE REDEVEIAPMENT AGENCY TO REPAY THE LOAN ,; TO FUND THE AMBER RIDGE SEWERLINE CONSTRUCTION PROJECT WHEREAS, The City of Lake Elsinore Redevelopment Agency (Agency) determines that a dedica~ed revenue source be made to repay the State Water Rasources~Control Board Division of Clean Water Programs, State Re~rnlving Fund £or the Amber Ridge sewerline construction project; and WHEREAS, the Agency and the Elsinore Valley Municipal Water District (EVMWD) h~ve 2~tered into a cooperative agreement in which the Agency ag.re~G to mee~. the loan payment obligation by annually appropriatir.:~ a~~ d.iebursing funds from sources deemed appropriate by the Agency ~o EVI~IWD sufficient to meet the annual loan repayment for the State Revolving Fund relating to the Amber Ridge sewerline project; and WI-IEREAS, the funds disbursed from the Agency to EVMWD will be placed in a restricted fund set up solely for the repayment of the loan obligation; and WHEREAS, the loan, in the approximate amount of $761,338 will be amortized over a 20 year period, at approximately 3% interest, with an annual debt service of approximately $52,000, with payments commencing fiscal year 1994-95; and WHEREAS, the terms of the loan are subject to change until the final loan documents are approved. NOW, THEREFORE, BE IT RESOLVED by the City of Lake Elsinore Redevelopment Agency to dedicate and transfer to the Elsinore Valley Municipal Water District, revenue sources deemed appropriate by the Agency, sufficient to meet the loan payments and terms for the State Revolving Fund Loan on Project No. C-06-4336-110, Amber Ridge Sewerline. The dedicated revenue source and terms of the loan will remain in effect until such loan or loans are fully discharged unless modification or change of dedication is approved in writing by EVMWD and the State Water Resources Control Board. The City Manager/Executive Director, is directed to create the necessary dedicated repayment of the loan with the State Water Division of Clean hereby authorized and revenue source for the Resources Control Board Water Programs, and forward these funds to the Elsinore Valley Municipal Water District, to be placed in a restricted fund and used solely for the repayment o£ the loan. Page 2 Resolution No. RDA 93-10 PASSED, APPROVED AND ADOPTED this 28th day of September, 1993, by the following vote: AYES: BOARDMEMBERS: CHERVENY, DOMINGUEZ, WINKLER, ` WASHBURN NOES: BOARDMEMBERS: ABSENT: BOARDMEMBERS: ABSTAIN: BOARDMEMBERS: NONE ALONGI NONE JIM WINKLER, C IRMAN REDEVELOPMENT AGENCY APPROVED AS TO FORM & LEGALITY: ~~. JOHN R. HARPER, L CO SEL STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a regular meeting of said Agency on 28th day of September, 1993, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: CHERVENY, DOMINGUEZ, WASABURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: ALONGI ABSTAIN: BOARDMEMBERS: NONE ` ~ VICKY KA AD, CIT CLERK CITY OF LP.KE ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-10 of said Council, and that the same has not been amended or repealed. D~EI~ O~tober i,i 1993 nl / 1 / ~ CzTF CLERK CITY OF I~AICE ELSINORE (SEAL) RESOLIITION NO. RDA 93-11 A RESOLIITION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LARE ELSINORE~ CALIFORNIA ACCEPTINCi AN OFFER OF DONATION OF THE LARE ELSINORE STADIIIM SITE AND STADIIIM ACCESS PARCEL. WHEREAS, Peter J. Lehr, Sr. and Ernestine V. Lehr, as Co- Trustees of the Lehr Family Trust dated June 18, 1989, as amended ~ March 20, 1991, and the Lehr Children Partnership, a California general partnership, have offered to donate certain real property, more particularly described in Exhibit "A" attached hereto for the use of the Agency as a Stadium Site and for access thereto; and WHEREAS, the Lake Elsinore Redevelopment Agency desires to formally accept said Offer of Donation; NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION l. The above recitals are true and correct. SECTION 2. The recited Offer of Donation is hereby accepted by the City of Lake Elsinore Redevelopment Agency. SECTION 3. This acceptance is made for all purposes, and Agency accepts all obligations with respect to such donated property including the obligation of maintenance and repair. Agency shall hold the above-referenced Grantor harmless from all liability, cost and expense (including reasonable attorneys' fees and costs) with respect to such donated property. SECTION 4. This Resolution shall take effect from and after its passage and adoption. PASSED AND ADOPTED this 22nd'day of December, 1993, upon the following vote: AYES: BOARDMEMBERS: ALONGI, CHERVENY, DOP1INGUEZ, WASHBURN, WINKLER NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: AT ST: ~ - VICKI KASAD~ CLERK F THE BOARD APPROVED AS TO FORM & LEGALITY: ~~ JOHN R. HARPER, G L COUNSEL REDEVELOPMENT AGENCY STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) Y, VICKY KASAD, CITY CLERK OF THE CYTY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of ~he City of Lake Elsinore at a regular meeting of said Agency on 22nd day of December, 1993, and that it was so adopted by the following vote: P,YESo BOARDMEMBERS: ALONGI, CHERVENY, WINICLER NOESo BOARDMEMBERSo NONE ABSENT: BOARDMEMBERS% NONE ABSTAIId« BOARDMEMBER59 NONE _ (~v ' ~ I KI ~~SAD, CI?'Y CLERK CITY OF LAKE EL•sINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF I,AKE ELSINORE ) , WASHBURN, Y, VICKI KASADa CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 93-i1 of said Council, and that the same has not been amended or repealed. DATED: December 23, 1993 _ Q,~ r~~p ~ v~~`~''°v""~ t ! VICRI KASAD, CITY CLERK "--.. CITY OF LAKE E1,SINORE (SEAL)