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HomeMy WebLinkAboutCC Reso No 1990-020RESOLUTION NO. 90-20 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DESIGNATING THE LOCATION OF CERTAIN STOP INTERSECTIONS WHEREAS, Section 10.16.030 of the Lake Elsinore Municipal Code provides for the designation of stop intersections by resolution of the City Council upon the making of certain findinqs; and, WHEREAS, the City Council hereby finds and determines that the placement of stop signs at the intersections listed below is necessary to facilitate the flow of traffic and or prevent traffic conflictsp WHEREAS, said findinqs are made subsequent to receipt of a traffic engineering report summarizing traffic survey data relative to said intersection. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lake Elsinore that the intersections set forth below are hereby designated as stop intersections and the Director of Public Services is hereby directed to place and maintain stop signs at one or more entrances to said intersections as herein specified, and that this Resolution shall take effect upon the placement of said signs. Street Name Cross Street Sign Facina Mountain Street Rolando Street Westerly Mountain Street Rolando Street Easterly Hill Avenue Chaney Street Northwesterly Morton Avenue Baum Avenue Gutkaes Avenue Avenue 6 Chaney Street Chaney Street Chaney Street Park Way Northwesterly Northwesterly Northwesterly Southerly PASSED, APPROVED AND ADC 1990, upon the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ABSTENTIONS: COUNCILMEMBERS: A TEST: ~~~J~ - CKI KASRD, CITY CLERK CITY OF LAKE ELSINORE APPROVED A~ TO FORM & LEGALITY: WiL ~ OHN R. HAR ER, CI RNEY PTED THIS 27th day of March, BUCK, DOMINGUEZ, STARKEY, WASHBURN; WINKLER NONE NONE CITY OF LAKE ELSINORE STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE j SS: CITY OF LAKE ELSINORE ) I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the - City Council of the City of Lake Elsinore at a regular meeting of said Council on the 27th day of March, 1990, and that it was so adopted by the following vote: AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY WASHBURN, WINKLER NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: NONE \ CKv ]: I~YYd`N~ KA D~ C CLERK . CITY OF LAR ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF ~RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, Vicki Lynne 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. 90-20 of said Council, and that the same has not been amended or repealed. pATED: March 28, 1990 VICKI LYNN KASAD~ CITY CL~xK CITY OF LA ELSINORE (SEAL) RESOLUTION NO. 91- 20 A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS OF TfIE PROPOSED CITY OF LAKE ELSINORE COMIVIUNITY FACILITIES DISTRICT NO. 91-2 (SiJMMERHILL PUBLIC IMPROVEMENTS) PLTRSUANT TO THE MELLO- ROOS COMMi71VITY FACILITIES ACT OF 1982 City of Lake Elsinore Community Facilities District No. 91-2 (Summerhill Public Improvements) RESOLVED by the City Council of the City of Lake Elsinore (the "City") that: WHEREAS, this City Council has this date adopted its Resolution entitled "A Resolution o£ Intention to Establish a Community Facilities District and To Authorize the Levy of Special Tases Pursuant to the Mello-Roos Community Facilities Act of 1982", stating its intention to form a community facilities district pursuant to the Mello-hoos Community Facilities Act o£ 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of Division 2 of Title 5 of the California Government Code, for the purpose of financing certain public improvements (the "Facilities"), as further provided in said Resolution; and WHEREAS, this City Council estimates the amount required for the financing of the the Facilities to be the sum of $17,500,000; and WHEREAS, in order to finance the Facilities it is necessary to incur bonded indebtedness in the amount of $17,500,000. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: 1. It is necessary to incur bonded indebtedness within the boundaries o£ the proposed City of Lake Elsinore Community Facilities District No. 91-2 (Summerhill Public Improvements) (the "District") in the amount of $17,500,000 to finance the Facilities. 2. The bonded indebtedness is proposed to be incurred for the purpose of financing the Facilities and the discharge of assessment liens on property within the District, including acquisition and improvement costs and all costs incidental to or connected with the accomplishment of said purposes and of the financing thereof, as permitted by Section 53345.3 of the Act. 3. This City Council, acting as legislative body for the District, intends to authorize the issuance and sale of bonds in the maximum aggregate principal amount of not to exceed $17,500,000, bearing interest payable semi-annually or in such other manner as this City Council shall determine, at a rate not to exceed the ma~cimum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and maturing not to exceed 40 years from the date o£ the issuance o£ said bonds. 4. Tuesday, April 9, 1991, at 7:00 p.m., in the regular meeting place of this City Council, in the School Board meeting room of the Lake Elsinore Unified School District, 545 Cheney Street, Lake Elsinore, California, be, and the same are hereby appointed and fixed as the time and place when and where this City Council, as legislative body for the District, will conduct a public hearing on the proposed debt issue and consider and finally determine whether the public interest, convenience and necessity require the issuance of bonds of the City for the District. 5. The City Clerk is hereby directed to cause notice of said public hearing to be given by publication one time in a newspaper of general circulation circulated within the District. The publication of said notice shall be completed at least seven (7) days before the date herein set for said public hearing. Said notice shall substantially in the form of Exhibit A hereto. ~:~~ ~++~ +++~~: PASSED AND ADOPTED this 26th day of February, 1991, by the following vote: AYES: COUNCILMEMBERS: DOMINCUEZ, STARKEY, WINKLER, WASHBURN NOES: COUNCILMEMBERS: NONE ABS~NT: COUNCILMEMBERS: BUCK ~ `1~u~1-- ; ~ i ~ •y M. Washburn, Mayor Citv of Lake Elsinore Approved as to Form & Legality: ~ John R. Har er, C ty orney City of Lake Elsinore EXfIIBIT A NOTICE OF PUBLIC HF.AILING CITY OF LAKE ELSINORE Community Facilities District No. 91-2 (Summerhill Public Improvements) Notice is hereby given that on February 26, 1991, the City Council of the City of Lake Elsinore adopted a Resolution entitled "A Resolution of Intention To Incur Bonded Indebtedness of the Proposed City of Lake Elsinore Community Facilities District No. 91-2 (Summerhill Public Improvements) Pursuant To The Mello-Roos Community Facilities Act Of 1982". Pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act") the City Council hereby gives notice as follows: A. The text of said Resolution is as follows: RESOLVED by the City Council of the City of Lake Elsinore (the "City") that: WHEREAS, this City Council has this date adopted its Resolution entitled "A Resolution of Intention to Establish a Community Facilities District and To Authorize the Levy of Special Ta~ces Pursuant to the Mello-Roos Community Facilities Act of 1982", stating its intention to form a community facilities district pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of Division 2 of Title 5 of the California Government Code, for the purpose of financing certain public improvements (the "Facilities"), as further providecl in said Resolution; and WHEREAS, this City Council estimates the amount required £or the financing of the the Facilities to be the sum of $17,500,000; and WHEREAS, in order to finance the Facilities it is necessary to incur bonded indebtedness in the amount of $17,500,000. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: 1. It is necessary to incur bonded indebtedness within the boundaries of the proposed City of Lake Elsinore Community Facilities District No. 91-2 (Summerhill Public Improvements) (the "District") in the amount of $17,500,000 to finance the Facilities. 2. The bonded indebtedness is proposed to be incurred for the purpose of financing the Facilities and the discharge of assessment liens on property within the District, including acquisition and improvement costs and all costs incidental to or connected with the accomplishment of said purposes and of the financing thereof, as permitted by Section 53345.3 of the Act. A-1 3. This City Council, acting as legislative body for the District, intends to authorize the issuance and sale of bonds in the maximum aggregate principal amount of not to exceed $17,500,000, bearing interest payable semi-annually or in such other manner as this City Council shall determine, at a rate not to exceed the maacimum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and maturing not to exceed 40 years from the date of the issuance of said bonds. 4. Tuesday, April 9, 1991, at 7:00 p.m., in the regular meeting place of this City Council, in the School Board meeting room of the Lake Elsinore Unified School District, 545 Cheney Street, Lake Elsinore, California, be, and the same are hereby appointed and fixed as the time and place when and where this City Council, as legislative body for the District, will conduct a public hearing on the proposed debt issue and consider and finally determine whether the public interest, convenience and necessity require the issuance of bonds of the City for the District. 5. The City Clerk is hereby directed to cause notice of said public hearing to be given by publication one time in a newspaper of general circulation circulated within the District. The publication of said notice shall be completed at least seven (7) days before the date herein set for said public hearing. Said notice shall substantially in the form of Exhibit A hereto. B. The hearing referred to in the aforesaid Resolution shall be at the time and place specified in said Resolution. C. At that time and place any person interested, property in the area of the proposed community facilities proposed debt issue. Dated: March 1, 1991 including persons owning district, will be heard upon the /s/ Vicki Kasad City Clerk, City of Lake Elsinore A-2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the City Council of the City of Lake Elsinore at a regular meeting of said Council on the 26th day of February, 1991, and that it was so adopted by the following vote: AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WINKLER, WASHBURN NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: BUCK ASSTAIN: COUNCILMEMBERS: NONE VICKI LYNNE SAB,~CITY C CITY OF LAKEI LSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE ) I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore, DO HEREBY CERTIFY that the above and fo~egoing is a full, true and ' correct copy of Resolution No. 91-20 of said Council, and that the same has not been amended or repealed. ' : February 27, 1991 ' _ r i -~ i i e ~~. 1\sauAU ~ 1.11 1 I~LL' 1C1~ CITY OF LA ELSINORE ~ (SEAL) i