HomeMy WebLinkAbout03-156 CC ResolutionRESOLUTION NO. 03-156
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT - HARVESTON II
WHEREAS, Harveston, LLC (the "Developer") has requested that the Temecula Public
Financing Authority (the "Authority") form a community facilities district to be known as the
Temecula Public Financing Authority Community Facilities District No. 03-06 (Harveston II), and
is willing to advance funds to pay costs of the City of Temecula (the "City") and the Authority
related thereto; and
WHEREAS, the City desires to enter into a Deposit/Reimbursement Agreement with the
Authority and the Developer (the "Deposit Agreement"), regarding the disposition of funds to be
advanced by the Developer.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Temecula as
follows:
Section 1. Deposit Aqreement. The City Council hereby approves and authorizes the
City Manager to execute and deliver the Deposit Agreement in the form on file with the City
Clerk together with any changes therein deemed advisable by the City Attorney, the approval of
such changes to be conclusively evidenced by the execution and delivery by the City of the
Deposit Agreement. The Director of Finance of the City is hereby authorized to accept the
Deposit (as defined in Section 1 of the Deposit Agreement), and to use the deposit in the
manner contemplated by the Deposit Agreement.
Section 2. Official Actions. The Mayor, City Manager, City Clerk and all other officers
of the City are hereby authorized and directed to take all actions and do all things necessary or
desirable hereunder with respect to the implementation of the Deposit Agreement, 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.
PASSED, APPROVED AND ADOPTED, by the City Council of the City of Temecula, at
a regular meeting held on the 22nd day of October, 2003.
ATTEST:
~~)(~ .~ ""--J~ffre'~'E. Stone, Mayor
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STATE OF CALIFORNIA )
COUNTYOF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan Jones, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. 03-156 was duly adopted at a regular meeting of the City Council of
the City of Temecula held on the 22nd day of October, 2003, by the following roll call vote:
AYES:
5 COUNCILMEMBERS: Comerchero, Naggar, Pratt, Roberts, Stone
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
ABSTAIN: 0 COUNCILMEMBERS:
None
Susan V~. Jones, CMC
C~ty Clerk
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