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HomeMy WebLinkAboutRDA Reso No 1997RESOLUTION NO. RDA 97-1 RESOLUTTON OF THE AEDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING AND AUTHORIZING EXECUTION AND DELIVERY OF STI'E AND FACILITY LEASE FOR LAKE FAQLTTY AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO RESOLVED, by the Redevelopment Agency of the City of Lake Elsinore (the "Agency"), as follows: WHEftEAS, the City of Lake Elsinore (the "City") and'the Redevelopment Agency of the City of Lake Elsinore (the "Agency") have formed the Authority under and pursuant to a joint exercise of powers agreement, dated as of DecemUer 7, 199G, by and between the City and the Agency under the provisions of Articles 1 through 4(commencing with section 6500) of Chapter 5 of Division 7 of Title 1 of the California Goverrunent Code (the "Act"); WHEREAS, the Authority is authorized under the Marks-Roos Local Bond Pooling Act of 1985 (commencing with section 6584 of the Act) to incur indebtedness to finance public capital improvements (as sudi term is defined in the Act) and to ]ease and lease back such public capital improvements to its members, as further provided in the hereinafter described Lease Agreement, dated as of December ], ]996, by and between the Authority and the City (the "Lease Agreement"); WHEREAS, for the purpose of providing financing for the lease payment by the Authority to the City for lease to the Authority of the land and facilities commonly known as "Lake Elsinore" (the "Lake Facility"), including the Site thereof, more particularly descriUed in Exhibit A to the Lease Agreement (the Lake Facility and the Site being referred to together as the "Project"), the Authority has detertnined to issue its Lake ~lsinore Recreation Authority Revenue Bonds, 1996 Series A(Public Facilities Project), in the aggregate principa] amount of not to exceed $27,000,000 (the "Bonds"); WHEREAS, the Authority will lease the Project back to the City pursuant to the Lease Agreement and the City will make lease payments (the "Lease Payments") for the Project pursuant to the Lease Agreement sufficient in amow~t to pay debt service payable mi the Bonds; WHEREAS, the Agency has a fee title interest in the Project and, also, desires to lease the Project to the Authority in order that the Authority may lease the Project back to the City pursuant to the Lease Agreement; WHEREAS, to implement the lease of the Project by the Agency to the Authority, the Agency desires to enter into the Site and Facility Lease, dated as of December 7, 7996, Uy and between the Agency, as lessor, and the Authority, as lessee (the "Site and Facility Lease'); and WHEREAS, the Agency has reviewed the Site and Facility Lease, the form of which is on file with the Secretary, and has determined that entering into the Site and Facility Lease is in the public interest; NOW, THEREFORE, it is hereby ORDERED, as follows: Section ]. Approva] of Site and Facility Lease. The Site and Facility Lease is hereby approved in substantially the form on file with the Secretary togetlier with any additions thereto or changes therein deemed necessary or advisable by the Chairwoman or an authorized representative of the Chairwoman, upon consultation with bond counsel, whose execution thereof shal] be conclusive evidence of approval of any such additions and changes. The Chairwoman is hereby authorized and directed to execute, and the Secretary is hereby authorized and directed to attest and affix lhe seal of the Agency to, the final form of the Site and Facility Lease for and in the name and on behalf of the Agency. The Agency hereby authorizes the delivery and performance of the Site and Facility Lease Section 2. Effective Date. This Resolution shall take effect upon its adoption by the Agency. ~.....~....~ PASSED AND ADOPTED this 28th day of January, 7997, by the following vote: AYES: AOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY NOES: BOARDMEMBERS : ABSENT: BOARDMEMBERS: APPROVED AS TO FORM AND LEGALITY By: -.XJVVIti - ~-. John Ha er General Co el STATE OF CALIFOliNIA ) 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 7anuary, 1997, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINI.EY NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ~ r~l/ ~ _ ~. ,~~ VIC~~4~, ~ITY CLERK ~`?'TY OF i; a.KE ELSINORE (SEAL) STATE OF CALIFORNIA ) COiTNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF Tf~ CTTY OF LAKE ELSINORE, DO HEREBY CER'PIFY that the above and foregoing is a full, tnxe and correct copy of Resolution No. RDA 97-1 of said Agencyl, and that the same has not been amended or repealed. DATED: 7anuary 28, 1997 ~'~:~.~~.~~ ~:fICKI lCF1SA17, Ci1'Y CLERK (;ITY Ca~ LAIsF, F;LSINORE (5c~ 1 < RESOLUTION NO. RDA 97- 2 A RESOLUTION OF THE REDEVELOPMENT AG~NCY OF THE CITY OF LAKE ELSINORE CALIFOItNIA, REQUESTING THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE SPECIAL TAXES ON THE BILLS OF CERTAIN PROPERTIES WHEREAS, the Boazd of Directors of the Redevelopment Agency of the City of Lake Elsinore, California (the "Agency"), has heretofore instituted and conducted proceedings under the terms and provisions of the Mello-Roos community Facilities 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 nnprovements, together with appurtenances and appurtenant work in a special tax district designated as COMMUNiTY FACILITIES DISTRICT 90-2 (TUSCANY HII,LS PUBLIC IMPROVEMENTS), hereinafter refened 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 entitles " 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 Croverning Board of the Redevelopment Agency of the City of Lake Elsinore Levying special T~es Within the Redevelopment Agency of the City of Lake Elsinore Community Facilities District No. 90-2 (TUSCANY HII.LS IMPROVEMENTS)", adopted December 11, 1990; and WHEREAS, all special taxes in this district were levied without regazd 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 3Q 1998, be placed on the County Tax Rolls and be collected by the Riverside County Taac Collector; as provided for in E~ibit "A° (a summary of fixed charges". 2. That the properties to be so assess and the related amounts are submitted on magnetic tape as requested by the Riverside County Taa~ Collector, further identified as County Fund No. 68-2364, Resolution No. RDA 97- PASSED, APPROVED AND ADOPTED this 24th day of June, 1997 by the following vote: ~ AYES: NOES: ABSENT: ABSTAIN: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY BOARD MEMBERS: NONE BO[1RD MEMBERS: NoNE ATTEST: VICKI L. KASAD CLERK OF THE BOARD APPROVED AS TO FORIVI AND LEGALITY: ~ r JOHN R. HARPER, LEG CO SEL BOAIZD MEMBERS: NoNE 9 REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE EXHIBIT "A" COMNIUNITY FACILITIES DISTRICT 90-2 (TUSCANY HILLS PUBLIC IMPROVEMENTS) SUMNIARY OF FIXED CI-IARGES FOR TAX ROLL FISCAL YEAR 1997-98 FLTND NUMBER 68-2364 TOTAL PARCELS 1033 TOTAL CHARGE5 $1, 514 , 656 . 94 STATE OF CALIFOliNIA ) 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 24th day of 7une, 1997, and that itwas so adopted by the following vote: AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY NOE5: BOARDMEMBERS: NONE AB5ENT: BOARDMEMBERS: NONE ABSTA,.TI~:: BnARDMEMBERS: NONE ~ ~_ ~_~- CKI KASAD, ~1~;Y CLERK CITY OF I.?..K~ F.L~INORE (SEAL) STATE OF CALIFOItNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICHI KA5AD, CITY CLERK OF Tf~ CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, tnxe and correct copy of Resolution No. RDA 97-2 of said Agencyl, and that the same has not been amended or repealed. DATED: 7uly 2, 1997 ~ ~, - C~~~ ~~'~~ VICHI KASAD, C_ITY CLERK CITY OF LAKE ELSINORE (SE.~ii.:; RESOLUTION NO. RDA 97- 3 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY AL~THORIZING THE SECOND AMENDMENT TO THE BANK OF AMERICA STANDBY LETTER OF CREDIT IN THE AMOiJNT OF $800,000.00 WHEREAS, the Board of Directors took formal action at their April 25, 1991 meeting to approve a mitigation agreement #5-390-90 with the California Department of Fish and Game; and VVHEREAS, that agreement was approved with the authorization of a Letter of Credit that was amended the first time in July 1996; and WI-IEREAS, Bank of America is requesting that the $800,000.00 reserve fund balance in ~: Project Area #I at 6/30/96 be available and remain in place as of 6/30/97; and WHEREAS, the Board of Directors now authorized the Executive Director to insure that the $800,000.00 reserve be in place at 6/30/97; and WHEREAS, the Agency Counsel attests to the legality and enforceability of this transaction; and all parties acknowledge the importance of completing the multi-yeaz mitigation agreement as approved on Apri125, 1991; and WHEREAS, the City Council and the City of Lake Elsinore Redevelopment Agency will execute and will equally be held liable for the full amount of the Standby Letter of Credit; and NOW, Tf~REFORE, LET IT BE RESOLVED, that the Boazd of Directors and City Council authorize the second amendment to the agreement and the $800,000.00 reserve fund amount. PASSED, APPROVED, this 24th day of June, 1997 by the following roll call vote: AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY NOES: BOARDMEMBERS: NoNE Y AP OVED AS O ORM AND LEGALITY: JOHN R. HARPER, GE CY C SEL STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) 5S: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIF'Y that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a Regular meeting of said Agency on 24th day of 7une, 1997, 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 \ ~ J~~..~ CKI KASAD, CiT`f ~LERK CITY OF LAKE ELSNORE (SEAL) STATE OF CALIFOItNIA ) COLTNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD; CITY CLERK OF TI~ CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 97-3 of said Agencyl, and that the same has not been amended or repealed. DATED: 7uly 2, 1997 ~~i' `~TICKI KAS s I), CIT ~' CLERK CITY'"vF' LAKE EI,SIN~~RE (SEAL) RESOLUTION NO. RDA 97- 4 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFOItNIA, APPROViNG AND ADOPTiNG THE BUDGET FOR FISCAL YEAR 1997-98 AND APPROPRIATING THE FLTNDS NECESSARY TO MEET THE EXPENDITURES SET FORTH THEREIN WHEREAS, the Executive Director has submitted to the Board of Directors of the Lake Elsinore Redevelopment Agency a budget for Fiscal Year 1997-98 having proposed expenditures for all funds in the amount of $5,779,300.00 as presented in Exlubit A; and WHEREAS, the Taac Increment Revenue, Interest Earnings, and Reserves, are estimated to be $4,811,100.00 and will require assistance from the City in the amount of $968,200.00; and NOW, THEREFORE, the Board of Directors of the Lake Elsinore Redevelopment Agency does hereby find, detemvne and declare that the budget for Fiscal Year 1997-98 is hereby PASSED, APPROVED AND ADOPTED this 1~ day of July, 1997, by the following vote: AYES: BOARDMEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY NOES: BOARDMEMBERS: NorrE ABSENT: BOARDMEMBERS: NoNE ABSTAIN: ATTEST: VICKI LYNN AT~ CLERK OF TI-IE AOARD APPROVED AS TO FORM AND LEGALITY: ~ ~ //y/la' ~/L~~ ~ ,~, ~/ // i~ ~/~ ~tBARA Z~TD-LEIBOLD CITY ATTORNEY 5TATE OF CALIFORIVIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO I-IEREBY CERTIFY that the foregoing Resolution duly adopted by the Redevelopment Agency of the City of Lake Elsinore at a Regulaz meeting of said Agency on 15th day of 7uly, 1997, 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 ~ ' ~.~.~~~~.~I i/I.^.KI.KASE~I?, CITY CLERK CI'TX'JF LFiKE ELSINORE (SEAL) STATE OF CALIFOItNIA ) COLTNTY OF RIVER5IDE ) 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 97-4 of said Agencyl, and that the same has not been amended or repealed. DATED: July 18, 1997 ~ , ,~ hI ' /~~~.Yc~d . ~/'~(= "CJ~ \'ICKI 17.ASA~; CITY CLERK ^iTY OF T A3CE ELSINORE (SEA1:1 9 ' . •' RESOLUTION NO. RDA 97-5 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, FINDING AND DECLARING THAT'I'HE REQUIREMENTS FOR LOW OR MODERATE INCOME HOUSING, IN ALL PROJECT AREAS ARE BEING MET Wf~REAS, Section 33334.2(a) provides that not less t6an twenty (20%) percent of all taxes wlvch are allocated to the Redevelopment Agency pursuant to Section 33670 shall be used by the Agency for the purpose ofincreasing, 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 fanvlies of Low or Moderate Income, as de5ned 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 all low and moderate income housing within the City, even though outside a Project Area, is a benefit to the Project Area; and WI-IEREAS, the guidelines defining very low, low and moderate income housing as promulgated by the U.S. Department of Housing and Urban Development aze the criteria for detemtining the qualification of low and moderate income housing; and WI~REAS, the 1997 HLJD Guidelines as applied to Riverside County defined the area median income at $44,800.00 for very low, low and moderate income housing purposes; and WHEREAS, 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 wlilch (3,190) 67-8% are classified as "very low or lower income housing units", and pemuts issued since those &ndings, 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 WF~REAS, through the Mortgage Assistance Program, the Agency assisted 49 families with down payments at a funding amount of $318,950.00 and 13 additionalt families at $86,532.00 were assisted in 1996-97; and , WHEREAS, the Agency established a low and moderate income housing fund in Fiscal Year ` 1995-96, and the total for 1996-97 equaled $1,250,989.00; and WHEREAS, on September 26, 1995 the Agency Boazd adopted Resolution RDA 95-9 establishing the fund, authorizing the funding loans, and the benefit Sndings for all three (3) Project Areas. ' NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE AS FOLLOWS: Section 1 That ihe foregoing recitals aze true and correct. Section 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 Fisc~il Yeaz 1996-97 Sndings. Section 3 Wit6in ten (10) days of maldng ttus finding, a copy of this resolution with the accompanying factual information supporting the finding shall be provided to the Department of Housing and Community Development of the State of Califomia. The Agency is furtl~er directed to submit to the Department of Housing of Community Development, a copy of those Official D Statements for tax increntent financing indebtedness incurred prior to May 1, 1991. i ~ ~ PASSED, APPROVED AND ADOPTED, this 23rd day of September 1997, by the following vote:. AYES: NOES: ABSENT: ~ ABSTENTIONS: Boazdmembers: Boazdmembers: Boazdmembers: Boazdmembers: KELLEY, METZE, PAPE, BRINLEY ATTEST: ICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY NONE ALONGI NONE \ , j ~„ . \ .__... .-,.' ' /~ , (il/ PAMELA COMMUIVITY RE EVELOPMENT CITY OF LAKE E iIBb1.D, CITY ATTORNEY AND AGENCY COUNSEL ~ ` STATE OF CALIFOItNIA ) 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 23rd day of September, 1997, and that it was so adopted by the following vote: AYES: BOARDMEMBERS: KELLEY, METZE, PAPE, BRINLEY NOES: BOARDMEMBERS ABSENT: BOARDMEMBERS ABSTAIN: BOARDMEMBERS NONE ALONGI NONE VIC~;I KA~ri, FT~I .,LERK , CITY l"~r LAKE E~~,SIl`%ORE (SEAi ,) STAT'E OF CALIFO1tNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, VICHI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CER'TIFY that the above and foregoing is a full, true and correct copy of Resolution No. RDA 97-5 of said Agency, and that the same has not been amended or repealed. DATED: September 30, 1997 _ ~r~~C~4.~-cJ` VICKI KASAD, CiTY ~LERK ~ITY OF LAKE ~,LSr10RE ~5~~-)