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HomeMy WebLinkAbout19-74 CC Resolution RESOLUTION NO. 19-74 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA APPROVING THAT CERTAIN AGREEMENT ENTITLED FEE REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF TEMECULA AND OREMOR OF TEMECULA LX,LLC THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The City Council does hereby find,determine, and declare that: A. The City and Oremor of Temecula LX, LLC ("Oremor")propose to enter into that certain agreement entitled:"Fee Reimbursement Agreement by and between the City of Temecula and Oremor of Temecula, LX LLC" ("Fee Reimbursement Agreement")that will provide for the reimbursement of up to$250,000 in development fees to the City in return for Oremor constructing a new Lexus motor vehicle dealership ("Dealership") to be located on DLR Drive in Temecula City limits. B. The City Council finds and determines that performance of the City's obligations under this Fee Reimbursement Agreement and the undertakings of the Dealership required by this Agreement will promote the public health, safety, and welfare of the citizens of the City and will be of substantial economic benefit to the City as the Fee Reimbursement Agreement will: 1. Generate new short term and long term quality employment opportunities within the City, including approximately 56 full-time positions at the new Dealership; 2. Generate new tax revenues that will assist the City in funding public services for the residents and businesses within the City; 3. Preserve and enhance the job/housing balance described in the City's General Plan and various regional plans; 4. Develop new and expanded commercial and business facilities; 5. Expand and enhance the City's tax base through increased property values and consumer purchasing; and 6. Promote the stability and diversification of the City's economy. C. The Agreement approved by the Resolution is in accordance to Section 53083 of the California Government Code and all legal prerequisites to the adoption of the Resolution have occurred. D. The Agreement approved by the Resolution is a contract within the meaning of Section 53511(a)of the California Government Code and therefore subject to a validation pursuant to Section 860 of the California Code of Civil Procedure. E. Beginning on November 27,2019,the City provided all of the information required by Government Code 53083 with respect to the proposed Fee Reimbursement Agreement in written form available to the public at City Hall, and through its website,www.temeculaca.gov. F. On December 10, 2019,the City Council held a duly noticed public hearing on the proposed Fee Reimbursement Agreement between the City of Temecula and Oremor. The Notice of Public Hearing was published in a newspaper of general circulation ten days prior to the public hearing. Prior to the adoption of this Resolution, the City Council received all oral and written testimony from interested members of the public and carefully considered all of the oral and written testimony. Section 2. Approval of Agreement. The City Council of the City of Temecula hereby approves that certain agreement titles "Fee Reimbursement Agreement by and between the City of Temecula and Oremor of Temecula, LX LLC" ("Fee Reimbursement Agreement") and authorizes the Mayor to execute said Agreement on behalf of the City in substantially the form presented to the City Council and on file in the Office of the City Clerk. The City Manager is authorized to take all actions necessary and convenient for the implementation of this Agreement, including, without limitation, the adoption of operating memoranda for the clarification and implementation of its terms. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 10th day of December, 2019. Michael S. Naggar, v ayor A ST Randi Johl,City Clerk [SEAL] 2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 19-74 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 10th day of December, 2019, by the following vote: AYES: 5 COUNCIL MEMBERS: Edwards, Rahn, Schwank, Stewart, Naggar NOES: 0 COUNCIL MEMBERS: None ABSTAIN: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None 1 Randi Johl, City Clerk 3