HomeMy WebLinkAboutRDA Reso No 1996RESOLUTION NO. RDA 96- 1
A ftESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CTTY OF LAKE ELSINORE
APPAOVING AND AUTHORIZING THE EXECUTION AND DELIVEItY OF AN
ASSIGNMENT AND PAYMENT AGItEEMENT
WHEREAS, on March 12,1993, the Redevelopment Agency of the City of Lake Elsinore
(the "Agency") entered into an Owner Participation Agreement (the "OPA") with Oak Grove
Equities, a California 1'united partnership (the "Participant") pursuant to which the Agency has
agreed to reimburse the Participant in the amount of $1,800,000, plus interest (the
"Reimbursement") for a portion of the cost of construction of certain public facilities, grading
and impact fees, subject to the limitations, in the amounts and from the sources oF funds as
further described in Attachment No. 3 to the OPA; and
WHEREAS, the Participant is the sole owner of the real property located within the
boundaries of the City of Lake Elsinore Community Facilities Disfrict No. 95-1 (Lake Elsinore
City Center Public Improvements) (the "District"), and has requested that the City of Lake
Elsinore (the "City") issue its City of Lake Elsinore Community Facilities District No. 95-1 (Lake
Elsinore City Center Public Improvements) Special Tax Bonds (the "Bonds") in order to finance
public capital improvements described in the proceedings of the City to form the District; and
WHEREAS, in order to enhance the security for the repayment of the Bonds, the
Participant now desires to assign to the City all right, title and interest of the Participant in and
to the portion of the Reimbursement not heretofore assigned by the Participant to others, to be
used by the City to pay delinquencies in special taxes levied in the District; and
WHEREAS, in order to effect such assignment, there has been prepared and placed on
file with the Secretary an Assignment and Prepayment Agreement (the "Agreement"), and it has
been requested that the Agency execute the Agreement and take the actions required to be taken
by the Agency thereunder; and
WHEREAS, the Agency intends to assist the Participant and the City with respect to
the foregoing, and now desires to approve the execution, delivery and performance by the
Agency of the Agreement.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORD~RED by the
Redevelopment Agency of the City of Lake Elsinore as follows
Section 1. Avnroval of Agreement. The Agency hereby approves the Agreement in the
form on file with the Secretary, together with any additions thereto or changes therein deemed
necessary or advisable by 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 the final torm of the Agreement for and in the name and on
behalf of the .Agency. The Agency hereby authorizes the delivery and performance of the
Agreement
Section 2. Official Actions. 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, notices, consents, instruments of conveyance,
warrants and other documents, wluch they, or any of them, may deem necessary or advisable in
order for the Agency to perform its obligations under the Agreement and make the transfers
required thereby.
Section 3. Effective Date. This Resolution shall take eEfect from and after the date of its
adoption.
PASSED AND ADOPTED this 13th of February 1996, by the following vote:
AYES: BOARDMEMBERS: KELLEY, METZE, PAPE, BRINLEY
NOES: BOARDMEMBERS: ALONGI
ABSENT: BOARDMEMBERS: NONE
[SEAL]
~EST: r
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Vir_ki Kasac~., C~~rk of the Board
Re3ecAlopment Agency
APPROVED AS TO FORM AND
LEGALITY:
~UYI~ ~
John R. Ha er
General Coun e
22054-11:J2069
02/07/96
_'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 regular
meeting of said Agency on 13th day of February, 1996, and that
it was so adopted by the following vote:
AYES: BOARDMEMBERS: KELLEY, METZE, PAPE, BRINLEY,
NOES: BOARDMEMBERS: ALONGI
ABSENT: BOARDMEMBERS: NONE
. BOARDMEMBERS: NONE
Y.IVl\1 S~L']JAV~ .~4n111 VLJ.'a
~,:TTY OF I~'~1C~; ELSINORE
( S EI~I.~ )
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 96-1 of said Council, and that
the same has not been amended or repealed.
DATED: February 15, 1996
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CKI ~{ASAP; CITY CLERK
C'.Z'~Y OF 7~:'.F' ~'LSINORE
( SEA1; )
,
RESOLUTION NO. ~A 96-2
A RESOLUTION OF THE REDEVELOPMENT AGENCY FOR
THE CITY OF LAKE ELSINORE MAKING A FINDING OF
BENEFIT TO THE AGENCY OP HOUSING OUTSIDE THE
AGENCY'S TERRITORIAL BOUNDARIES
WHEREAS, Robert Anderson is the owner of certain real property located in the City
of Lake Elsinore, more particularly described as 3601 Nashland Street; and
WHEREAS, a four unit apartment building is located on the Subject Property, which
building is of need of substantial rehabilitation; and
WHEREAS, the Property Owner has applied to the United States Department of Housing
and Urban Development for a 203 K Program Loan to perform said rehabilitation; and
WHEREAS, the Subject Property is located adjacent to, but outside the territorial
boundaries of the Redevelopment Agency Project Area I; and
WHEREAS, in order to qualify for the section 203 K Loan Program, it is necessary that
the rehabilitation be to the benefit of the City of Lake Elsinore Redevelopment Agency;
NOW, THEIZEFURE, Tf IS HEREBY' R~SOLVED AS FOLLOWS:
Section L The foregoing recital is true and correct.
Section 2. That the Subjec: Property is adjacent to the City of Lake Elsinore
Redevelopment Agency Project Area I, and that the rehabilitation of the building at 3601
Nashland Street will be of direct benefit to the City of Lake Elsinore Redevelopment Agency
in that it wilt positively impact those properties located within the Redevelopment Agency, will
encourage rehabilitation and redevelopment of those properties located within Project Area I and
will provide additional quality low and moderate income rental housing for the residents of the
City of Lake Elsinore.
PASSED, APPROVED AND ADOPT~D this 13 th day of Februaru, ] 996 , by
the following vote:
/~y$$: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY
NOFS: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE „
ABSTENTIONS: BOARDMEMBERS:NONE ~
ATTFST: 1 , ~
PAMELA
1~` ~ ~
~
`/"-~KI f:YNNE SAD,
GLERR OF T~YF B~ARD
REDEVKL6PMENT AGENCY
APPROVED AS TO FORM:
J~, ~
JOHN R. HARPER EGAL CoUNSEL
REDEVELOPMENT AGE CY
, ....~.~
AGENCY
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 13th day of February, 1996, and that
it was so adopted by the following vote:
AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY,
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
ABSTAINt BOARDMEMBERS: NONE
~
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.ICKI ,.A~A~, CITY CLERK
,
CS;Y OF 7~F:2C~' t::LSINORE
(SEAI,)
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 96-2 of said Council, and that
the same has not been amended or repealed.
DATED: February 15, 1996
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7~CKI ,KASADg CITY CLERK
CI•TY OF I,7~::.~' ELSINORE
( S ETe7: j
RESOLUTION NO. RDA 96-3
A RESOLUTION OF TI3E REDEVELOPMENT AGENCY FOR
THE CITY OF LAI~ ELSINORE MA.IQNG A FINDING OF
BENEFIT TO THE AGENCY OF HOUSING OUTSIDE THE
AGENCY'S TERRITORIAL BOUNDARIES
WHEItEAS, Joan Anderson is the owner of certain real properties
located in the City of Lalce Elsinore, more particularly on Nashland
Avenue.
WHEREAS, the apparment buildings are located on the Subject
Property listed below, which buildings aze in need of substantial
rehabilitation:
3438 Nashland 3541 Nashland
3580 Nashland 3581 Nashland
3600 Nashland 3601 Nashland
3620 Nashland 3621 Nashland
3640 Nashland 3641 Nashland
3660 Nashland 3661 Nashland
3680 Nashland 3681 Nashland
3700 Nashland 3703 Nashland
WHEREAS, the Property Owner has applied to the United States
Department of Housing and Urban Development for a 203 I~ Program
' Loan to perform said rehabilitadon; and
WHEREAS the Snbject Properdes are located adjacent to, bnt oatside
the territorial bounclaries of the Redevelopment Agency Project Area I; and
WI~REAS, in order to qaalify for the section 203 I~ Loan Program,
it is necessary that the rehabilitation be to the benefit of the City of Lake
Elsinore Redeveloprnent Agency;
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
Section 1. The foregoing recital is true and correct.
Section 2. That the Sabject Properties are adjacent to the City
of Lake Elsinore Redevelopment Agency Project Area I, and that the
rehabilitation of the buildings on Nashland Street as listed above, will be
of direct benefit to the City of Lalce Flsinore Redevelopment Agency in that
it will positively impact those properties located within the
Redevelopment Agency, will encourage rehabilitation and redevelopment
of those properties located within Project Area I and will provide
additional qaality low and moderate income rental housing for the
residents of the City of Lake Elsinore.
Page Two
Resolution No. RDA 96-3
PASSED, APPROVED AND ADOPTED this 27 th day of FebruarT,
1996, by the following vote:
AYES:
COUNCILMEMBERS:
ALONGI, I~,LLEY,
METZE, PAPE
BRINLEY
NOES:
ABSENT:
AB STENTIONS:
ATTEST:
V ~~
VICIQ I~ASAD, City Clerlc
City of Lalce Elsinore
APPROVED AS TO FORM:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
~ ~~ ~
JOHN R. HARPER, TY ATTORNEY
NONE
NONE
NONE
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 February, 1996, and that
it was so adopted by the following vote:
AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE~ BRINLEY~
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
ABSTAIN: BOARDMEMBERS: NONE
~~ D, 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 96-3 of said Council, and that
the same has not been amended or repealed.
DATED: March 5, 1996
VI AD, CIT CLERK
CITY OF LAKE ELSINORE
(SEAL)
RESOLUTION N0. RDA 96- 4
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF TI-IE CITY OF LAKE ELSINORE APPOINTING AN ASSISTANT
TREAS~CJRER AND RESCINDS RESOLU7'10N NO. RDA 91-1
WHEREAS, The City of Lake Elsinore Redevelopment Agency has
heretofore designated the City Manager as the Executive Director and
Secretary/Treasurer of the Agency; and
WHEREAS, pursuant to its adopted rules and regulations, the Agency
may appoint an Assistant Treasurer for the purpose of executing financial documents;
and
WHEREAS, the City desires to appoint an Assistant Treasurer for the
purposes of executing documents related to ongoing and future bond issues.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the foregoing recitals are true and conect.
2. The Agency hereby appoints the Director of Administrative
Services of the City as Assistant Treasurer for the purpose of
executing documents related to ongoing and future Agency Bond
Issues.
PASSED, APPROVED AND ADOPTED this 12th day of March,
1996, upon the following vote:
AYES: BOARDMEMBERS: nLONCZ, KELLEY, PAPE, METZE
NOES: BOARDMEMBERS: NoNE
ABSENT: BOARDMEMBERS: BRINLEY
ABSTENTION: BOARDMEMBERS: NoNE
d~e'.Ca/~v~til.~
DANIEL METZE, VICE CHAIRMAN
Lake Elsinore Redevelopment Agency
4TTFST:
~
Vicki Kasad, Cierk ofthe Board
APPROVED AS TO FORM AND LEGALITY:
John R. Harper, Legal Counsel
STATE OF CALIFORNiA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAICE ELSINORE )
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERITFY that the foregoing Resolution duly adopted by the Redevelopment Agency
of the City of Lake Elsinore at a Regulaz meeting of said Agency on 12th day of March, 1996,
and that it was so adopted by the following vote:
AYES: BOARDMEMBERS: ALONGI,. KELLEY, METZE, PAPE,
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: BRINLEY
ABSTAIN: BOARDMEMBERS: NONE
~
VICKI KAS~~il; CITY LERK
CITY OF LAKE ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAICE ELSINORE )
I, VICHI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIFY that the above and foregoing is a fixll, hue and correct copy of Resolution
No. RDA 96-4 of said Agency, and that the same has not been amended or repealed.
DATED: March 12, 1996
I cKI SA7~TY CLERK
>
CITY OF LAKE ELSINORE
(SEAL)
RESOLUTION NO. RDA 96- 5
A RESOLUTION OF THE REDEVELOPMENT AG~NCY OF Tfi~
CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING AND
p,DOPTING THE BUDGET FOR FISCAL YEAR 1996-97 AND
APPROPRIATING THE FUNDS NECESSARY TO MEET TIi~
EXPENDI'TURES SET FORTH THEREIN
VVf~REAS, the Executive Director has submitted to the Board of Directors of the Lake
Elsinore Redevelopment AgenCy a b~sdget for Fiscal Year 1996-97 having proposed expenditures
for all funds in the amount of $5,869,000. as presented as Exhibit A.
WHEREAS, the Tax Increment Revenue and Interest Earnings are estimated to be
$5,000,000. and will require assistance from the City.
NOW, THIItEFORE+ ihe Board of Directors of tl~e Lake Elsinore Redelopment Agency
dces hereby find, determine and declare that the budget for Fiscal Year 1996-97 is hereby
PASSED, APPROVED AND ADOPT'ED this 23rd day of April 1996, by the following vote:
AY~; $OARDMEMBERS: ALONGI, KELLEY, PAPE, BRINLEY
NOES: BOARDMEMBERS: NoNE
ABSENT:
ABSTAIN:
~~
t'ICIU Ll'r'~ I I~SAD
~~X E~RK CF TliE BOARD
APPItOVED AS TO FORM AND LEGALITY:
\~ 1~~~ ;~
JOHN R. HARPER, I Y ATTORNEY
BOARDMEMBERS: METZE
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 23rd day of April, 1996, and that
it was so adopted by the following vote:
AYES: BOARDMEMBERS: ALONGI, KELLEY, PAPE~ BRINLEY,
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: METZE
ABSTAIN: BOARDMEMBERS: NONE
~ ~
i
. AiS, c:STY RK
r~TY (~`~' LAIC~', ELSINORE
(S~AL)
STATE OF CALZFORNIA )
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 96-5 of said Council, and that
the same has not been amended or repealed.
DATED: April 29, 1996
~
~!I~ LITY
CZTY 4~F LAKE ~LSINORE
( SF.~L,)
RESOLUTION NO. 96-6 (RDA)
~A RFSOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CTTY OF LAKE ELSINORE, CALIFORNIA REQUESTING
THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE 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, California (the "Agency"), has heretofore instituted and conducted proceedings under
the Lerms and provisions of the Mello-Roos Community Facilities Act of 1982 (the "Act"), being
Chapter 25 of Pazt 1 of Division 2 of Tide 5(commencing at Section 53311) of the State of
California Government Code for the acquisition and construction of certain public works of
improvements, togeiher with appurtenances and appurtenant work in a special tax district
designated as COMMUNTTY FACILTTIES DISTRICT NO. 90-2 (TUSCANY HILI.S 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 entided "A Resolution Declaring
Results of Special Election and Directing Recording of Notice of Special Tax Lien", adop[ed
November 27, 1990; and Agency Ordinance No. RDA 1 entiUed "An Ordinance of the Governing
Boazd 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
(Tuscar~y'Hills Public lmprovements)", adopted December I1, 1990; and
WHEREAS, all special taxes in this disUict were levied withoul regard to property
valuation; and
NOW, THEREFORE, the Board of Directors of the Redevelopment Agency of the City
of Lake Elsinore dces 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, 1997, 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. 96 - 6 (xnA)
Page 2
amounts are s~bmitted on magnetic tape as requested by the Riverside Counry Tax Collector,
futther identified as County Fund No. 68-2364.
PASSED, APPROVED AND ADOPTED this 23rd day of July, 1996 by the following
vote:
py~; BOARD MEMBERS: ALOtvGI, KELLEY, METZE, PAPE, BRINLEY
NOFS: BOARD MEMBERS: NoNE
ABSENT: BOARD MEMBERS: NoNE
ARSTAiN: BOARD MEMBERS: NONE
7~~'~~~!<E''~_""
PAMEI.A BRINLEY,
CITY OF LAKE F
ATTEST:
l; ' ~
C o
VICK: L. KASAD
CLE12K OF THE BOARD
AP~Rl7VED AS TO FORM AND LEGALTI'Y:
~~ ~
JOHN K: HARPER, L GA COUNSEL
AGENCY
_ ___ _ .
„
REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
EXHIBTI' "A"
COMMUNITY FACILITIES DISTRICT 90-2
- (TUSCANY HILLS PUBLIC IMPROVEMENTS)
' SUMMARY OF FIXED CHARGES FOR TAX ROLL
FISCAL YEAR 1996-97
FUND NUMBER
TOTAL PARCELS
TOTAL CHARGES
68-2364
I ,035
$1,551,384.44
STATE OF CALIFOItNIA )
COLTNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF TI~ CITY OF LAKE ELSINORE,
CALIFO1tNIA, 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 Council on the
23rd day of 7uly, 1996, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS: ALONGI, KELLEY, METZE, PAPE,
BRINLEY
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
COUNCILMEMBER5: NONE
~ICHI ~ASAD, CITY CLE°R
C3'Y~' OF d.AKE ELSINORE
(SEaI~)
STATE OF CALIFO1tNIA )
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 ofResolution
No. RDA 96-6 of said Council, and that the same has not been amended or repealed.
DA!~ii: ~ ly 24, 199
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S'rCHI ~AS , ~ITY ERK
GI'i'X OF 3.A~ ELSINORE
(SEAL)
RESOLUTION NO. ttnn 96-7
A RESOLUTION OF THE LAKE ELSINORE REDEVELOPMENT AGENCY
AUTHORIZING THE WITHDRAWAL OF ITS MEMBERSHIP IN THE
LAKE ELSINORE MANAGEMENT AUTHORITY
AND THE DISSOLUTION THEREOF
WHEREAS, this Agency is a member of the Lake Elsinore Management Authority, a joint
powers public agency created pursuant to that certain "Joint Powers Agreement Creating the Lake
Elsinore Management Authority", dated November 14, 1988; and
WHEREAS, pursuant to Article XIV ofthe Joint Powers Agreement, this Agency desires to
exercise its right to withdraw its membership; and
WHEREAS, it is the purpose of this Resolution to exercise its right to withdraw subject to the
conditions stated herein.
NOW, TIIEREFORE, BE IT RESOLVED AS FOLLOWS:
1. This Agency hereby exercises its right to withdraw its membership from the Lake
Elsinore Management Authority rop vided:
a. That each and every remaining member of the Authority exercises its right to
withdraw its membership on or before September 30, 1996, to be effective
October 31, 1996; and
b. That the Authority thereupon be dissolved, effective October 31, 1996; and
a In accordance with Article XIV of the Agreement, that this Agency's
; proportionate share of the existing liabilities be discharged and that its
proportionate share of the remaining assets be distributed to this Agency within
a reasonable time after the Authority is dissolved.
2. This Agency's staff is hereby directed to transmit a certified copy of this Resolution to
the Lake Elsinore Management Authority.
PASSED, APPROVED AND ADOPTED this loth day of September, 1996, at a regular
meeting of the Redevelopment Agency of the City of Lake Elsinore, California, by the following vote:
AYES: BOARDMEMBERS
NOES: BOARDMEMBERS
AB~SENT: BOARDMEMBERS:
ABSTAIN: BOARDMEMBERS:
ALONGI, KELLEY, METZE, PAPE, BRINLEY
NONE
NONE
AT EST:
~
Vicki Lynne K2. ! ~,a, City ~lerk
APT'ROVED AS TO FCiIZIvI AND LEGALITY:
~
~` ~ ~
John R. Harper, City Attorn y
STATE OF CALIFORNIA )
COLTNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIFI'that the foregoing Resolution duly adopted by the Redevelopment Agency
ofthe City ofLake Elsinore at a regular meeting of said Agency on 23rd day of April, 1996, and that
it was so adopted by the following vote:
AYES: BOARDMEMBERS
NOES: BOARDMEMBERS
ABSENT: BOARDMEMBERS
ABSTAIN: BOARDMEMBERS
ALONGI, KELLEY, METZE, PAPE, BRINLEY,
NONE
NONE
NONE
2:~c:~,~,~~
VICKI KASAD, CITY CLERK
CIT`~' a'1. F T;E1KE EL3INORE
(SEAL)
STATE OF CALIFOItNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAI{E ELSINORE,
DO HEREBY CERTIFY that the above and foregoing is a full, true and conect copy of Resolution
No. RDA 96-7 of said Council, and that the same has not been amended or repealed.
DA'ITU: September 16, 1996
C ~/ /l~X~~ ~
VICKI KASAD, CI .'Y CLERK
~ITY ~JF LAKE ELSINORE
(SEAL)
RESOLUTION NO. RDA 96-8
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE, AUTHORIZING
AND DIItECTING THE EXECUTION OF A FII2ST
AMENDMENT TO JOINT EXERCISE POWERS AGREEMENT
AUTHORIZING AND DIIiECTING AN ADVANCE PURSUANT
TO SUCH AMENDMENT TO THE LAKE ELSINORE PUBLIC
FINANCING AUTHORITY, AND PROVIDING OTHER MATTERS
PROPERLY RELATING THERETO.
WHEREAS, pursuant to Section 6500 et seq. of the California
Government Code (the "7oint Powers Law"), the City of Lake Elsinore (the "City") and the
Redevelopment Agency of the City of Lake Elsinore (the "Agency") haue heretofore entered into
a 7oint Exercise of Powers Agreement dated as of July 25, 1989 (the "Agreement"), 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 City and the
Agency; and
WHEREAS, pursuant to the Agreement and an Indenture of Trust, dated as of
February 1, 1990, and a First Supplemental Indenture of Trust, dated as of 7une 1, 1990, the
Authority has issued $55,000,000 principal amount of 1990 Local Obligation Revenue Bonds,
Series A(the "Bonds") to provide financial assistance to the City and the Agency by providing
funds to purchase local obligations of the City and the Agency (the "Local Obligations") issued by
the City and the Agency to finance public capital improvements; and
WHEREAS, failure of property owners to pay special taxes payable with respect
to certain of the Local Obligations has created a deficiency in the amount necessary to pay debt
service on the Bonds on October 1, 1996; and
WHEREAS, the Agency desires to make an advance of moneys to the Authority
sufficient in amount to meet such deficiency; and
WHEREAS, Section 6504 of the 7oint Powers Law authorizes the Agency to
make such an advance for purposes of the Agreement, such an advance to be repaid to the
Agency as provided in the Agreement; and
WHEREAS, the Agency desires to amend the Agreement in order that the
Agreement shall provide for such advance and for the repayment of such advance; and
WHEREAS, the Agency believes that the City Council of the City also desires
such amendment of the Agreement;
NOW, THEREFORE, it is hereby ordered as follows:
Amendment. The amendment of the Agreement to provide for advances to
the Authority and repayment of advances by the Authority as further set
forth in the "First Amendment to Joint Exercise Powers AgreemenY', dated
as of September 1, 1996, and on file with the City Clerk (the "First
Amendment") is hereby approved.
2. Execution and Delivery. The Mayor is hereby authorized and directed to
execute and deliver the First Amendment and the City Clerk is authorized
and directed to attest his signature thereto.
3. Advance. The Executive Director and Treasurer of the Agency are hereby
authorized and directed to make an advance to the Authority in an amount
not to exceed $ 500 , 000 for the purposes above described and in the
manner and on the terms set forth in Section 6.05 of the Agreement, as
such Section 6.05 is added to the Agreement by the First Amendment.
4. Effective Immediatgly This Resolution shall be effective immediately upon
passage and adoption.
PASSED AND ADOPTED this 12th day of September, 1996, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE,
BRINI,EY
BOARDMEMBERS: NONE
BOARDMEMBERS: NONE
BOARDMEMBERS: NONE
REDEVELOPMENT AGENCY OF THE CITY OF
ATTEST:
_ ~~l
2U.~dL~., ,(:..3Ctf~
VICKI KASAD, CLERK OF THE BOARD
APPROVED AS TO LEGAL FORM:
~,,J~N~ ~ '
70HN R. IIARPER, LEG CO SEL
LAKE ELSINORE
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF TI~ CITY OF LAKE ELSINORE,
CALIFORNIA, 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 Council on the
12th day of September, 1996, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS: ALONGI, BRINLEY, KELLEY,
METZE, PAPE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTPTIV: COUNCILMEMBERS: NONE
.-
~
~ -
C ~'
~VT.CHI KASAB, CITY CLERK
C''CX OF'L4~ ELSINORE
(S~A.'s.)
STATE OF CALIFO1tNIA )
_ 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 96-8 of said Council, and that the same has not been amended or repealed.
September 13, 1996
~'ICKl KASAD, CITY CLERK
a~I~'Y O~' I:AT~ ELSINORE
(SEAI.)
RESOLUTION NO. RDA 96- 9
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE AUTHORIZING FORMATION OF THE LAKE ELSINORE RECREATION
AUTHORTI'Y BY JOINT POWERS AGREEMENT WITH THE CITY OF LAKE ELSINORE.
WHEREAS, the City of Lake Elsinore (the "City") and the Redevelopment Agency of the
City of Lake Elsinore (the "Agency") are each authorized to own, lease, purchase, receive and
hold property necessary or convenient for their governmental operations; and
WHEREAS, the financing of the acquisition of property by the City and the Agency
acting separately may result in duplicatian of effort, inefficiencies in administration, and
excessive cost, all of which, in the judgment of the City and the Agency, could be eliminated if
the financing of the acquisition of property were capable of being performed through a single
public agency; and
WHEREAS, in furtherance thereof, the City and the Agency propose to form a joint
exercise of powers authority pursuant to Article 1(commencing with section 6500) of Chapter 5
of Division 7 of Title ] of the California Government Code to exercise the common powers of
the Agency and the City; and
WHEREAS, the form of joint exercise of powers agreement between the City and the
Agency creating the Lake Elsinore Recreation Authority (the "Joint Powers Agreement"), has
been filed with the Agency, and the members of the Agency, with the aid of its staff, have
reviewed the Joint Powers Agreement;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
Lake Elsinore as follows:
Section 1. Formation of Joint Powers Authority. The Agency hereby authorizes the
officers and staff inembers of the Agency to assist in the organization of a joint exercise of
powers authority between the City and the Agency, to be known as the "Lake Elsinore
Recreation Authority." The Agency hereby approves the form of, and authorizes the
Chairwoman to execute and the Secretary to attest the Joint Powers Agreement forming said
joint exercise of.powers authority, in substantially the form on file with the Secretary, together
with any changes therein deemed advisable by the Agency General Counsel.
Section 2. Official Actions. The Chairwoman, the Executive Director, the Treasurer and
the Secretary of the Agency, are hereby authorized and directed to take all actions and do all
things necessary or desirable hereunder with respect to the formation of said joint exercise of
powers authority, including but not limited to the execution and delivery of any and all
agreements, certificates, instruments and other documents, which they, or any of them, may
deem necessary or desirable and not inconsistent with the purposes of this resolution.
Section 3. Effective Date. This Resolution shall take effect immediately upon its
passage and adoption.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the City of
Lake Elsinore at a regular meeting thereof held on the 3rd day of December, 1996, by the
following vote:
AYES: BOARDMEMBERS: KELLEY, METZE, BRINLEY
NOES: BOARDMEMBERS: ALONGI
ABSENT: BOARDMEMBERS: PAPE
ABSTAIN: BOARDMEMAERS: NONE ~
~ ~ ~~ ~ /
~ ~~
`i~~7 ~r
Pamela Brinl , Ch rwoman
Redevelopment Agency of th
City of Lake Elsinore
APPROVED AS TO FORM AND
LEGALITY:
~~`-'~ "v ~!
John R. Harper, A' en y General Counsel
Redevelopm Agency of the
City of Lake Elsinore
STATE OF CALIFOItNIA )
COLTNTY 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 3rd day of December, 1996, and
that it was so adopted by the following vote:
AYES: BOARDMEMBERS
NOES: BOARDMEMBERS:
ABSENT: BOARDMEMBER5:
ABSTAIN: BOARDMEMBERS:
(s~,a ~.}
STATE OF CALIFOliNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
KELLEY, METZE, BRINLEY
ALONGI
PAPE
NONE
I, VICKI KASAD, CITY CLERK OF Tf~ CITY OF LAKE ELSINORE,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution
No. RDA 96-9 of said Council, and that the same has not been amended or repealed.
DATED: December 6, 1996
`JICKI i~.SAr:~; C;iTY CLER
CITY OF LAI{B i:LSINORE
(SEF~i.)
GITY OF LAK~ ELSINORE
RESOLUTTON NO. RDA 96- l0
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE, FINDING AND
DECLARING THAT THE REQUIREMENTS FOR LOW OR
MODERATE INCOME HOUSING, IN ALL PROJECT AREAS
ARE BEING MET
RECITALS
WHEREAS, Section 33334.2(a) provides that not less than twenty (20%) percent of all t~es
which are allocated to the Redevelopment Agency pursuant to Section 33670 shall be used by the
Agency for the pwpose of increasing, improving and preserving the Community's supply of Low and
Moderate Income Housing available at affordable housing costs, as defined by Section 50052.5, to
persons and families ofLow or Moderate Income, as defined in Section 50093, and very low income
households, as defined in Section 50105 , unless a finding is made annually by resolution; and
WHEREAS, Resolution 89-1 of the Redevelopment Agency of the City of Lake Elsinore
made findings that a1l low and moderate income housing within the City, even though outside a
Project Area, is a benefit to the Project Area; and
WHEREAS, the guidelines defining very low, low and moderate income housing as
promulgated by the U.S. Department of Housing and Urban Development are the criteria for
deternvning the qualification of low and moderate income housing; and
WHEREAS, the 1996 I3LJD Guidelines as applied to Riverside County defined the area
median income at $43,300.00 for very low, low and moderate income housing purposes; and
WI~REAS, the regional housing needs assessment for 1988 as published by the Southern
California Association of Government, and the City's General Plan Housing Element identifies for
Lake Elsinore 4,705 total residential units of which (3,190) 67-8% are classified as "very low or
lower income housing units", and permits issued since those findings, produced another 4,364 units,
thus bring a total of 9,069 units with 41% classified as "very low, low, or moderate income housing
units' ; and
WHEREAS, through the Mortgage Assistance Progam, the Agency assisted 49 families with
down payments at a funding amount of $318,950.00; and
WHEREAS, the Agency established a low and moderate income housing fund in Fiscal Year
1995-96 that totaled $1,332,045.00 for the 20% allocations; and
WHEREAS, on September 26, 1995 the Agency Boazd adopted Resolution RDA 95-9
establishing the fund, authorizing the funding loans, and the benefit findings for all three (3) Project
Areas.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE DOES HEREBY RESOLVE AS FOLLOWS:
cti n 1 That the foregoing recitals are true and correct.
ecti n 2 That pursuant to Health and Safety Code Section 33334.2 has established Low
and Moderate Income Housing 20% Set-A-Side fund and has satisfied the Fiscal Year 1995-96
findings.
Se ion 3 Within ten (10) days of making this finding, a copy of this resalution with the
accornpanying factual information supporting the finding shall be provided to the Department of
Housing and Community Development of the State of California. The Agency is further directed to
submit to the Department of Housing of Community Development, a copy of those Official
Statements for ta~c increment financing indebtedness incurred prior to May 1, 1991.
PASSED, APPROVF.D AND t4DOPTED, this 19th day of December 1996, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
B03idm0rilbeiS: ALONGI, KELLEY, METZE, PAPE, ARINLEY
Boardmembers: tvorrE
Boardmembers: NortE
Boardmembers: NoNE^ ~
,
OF LAIbE ELSINORE
~ Cr~ ~~~w /`~-° _
RON MOLE TDYK, SEC TARY T~
THE CONIMUNITY RED ~ VE;.I~PIVIMENT AGENf;Y
C Y OF LAKE ELS~vRE
70HN HARPE TY ATTORNEY
AND NCY COUNSEL
STATE OF CALIFO1tNIA )
COLTNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KA5AD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency
ofthe City ofLake Elsinore at an Adjourned Regular meeting of said Agency on 19th day of
December, 1996, and that it was so adopted by the following vote:
AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY,
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
ABST,AIIV: ~OARDMEMBERS: NONE
~
VICKI KA AD, CI'i Y CLERK
CITY Or i.~I{F ~LSINORE
(SEAL)
STATE OF CALIFOItNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIF'Y that the above and foregoing is a full, true and correct copy of Resolution
No. RDA 96-10 of said Council, and that the same has not been amended or repealed.
DATED: December 26, 1996
~
CKI.KPr~AD, CITY CLERK
CITY OF LAKE ~.T_:S:NORE
(SE.,AL j