HomeMy WebLinkAbout96-054 CC Resolution RESOLUTION NO. 96-54
A RESOLUTION OF THE CITY COUNCIIL OF THE CITY OF TEMECULA
APPROVING AND AUTHORIZING AND DIRECTING THE EXECUTION AND
DELIVERY OF A JOINT COMMUNITY FACILITIES AGREEMIENT WITH
THE OLD TOWN/WESTSIDE COMMUNITY FACIELITIES DISTRICT
FINANCING AUTHORITY
WHEREAS, the Old Town/Westide Community Facilities District Financing Authority
(the 'Authority') intends to form the Old Town/Westside Community Facilities District
Financing Authority Community Facilities District No. 1 (Old Town Area Public
Improvements) (the 'District') in order to finance certain public improvements in the Old
Town area of the City of Temecula (the "City") and to finance the first phase of the Western
Bypass, and some of the public improvements to be financed will be owned and/or operated,
when completed, by the City (the Public Improvements'); and
VMEREAS, in order to enable the District to finance the Public Improvements,
Section 53316.2 of the California Government Code requires that the City and the Authority
enter into a joint community facilities agreement with respect to the Public Improvements prior
to the formation of the District; and
V,IHEREAS, a form of joint community facilities agreement, by and between the City
and the Authority (the 'Agreement") has been filed with the City Clerk and the City Council,
with the assistance of City Staff , has reviewed the Agreement and the City Council now
desires to approve the Agreement and direct its execution and delivery.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Temecula as follows:
1. Apl2roval of Aereement, The City Council hereby approves the Agreement, in the
form on file with the City Clerk, and hereby authorizes and directs the City Manager to
execute and deliver the Agreement in such form together with any changes therein deemed
advisable by the City Manager upon consultation with the City Attorney and the City Director
of Public Works, the approval of such changes to be conclusively evidenced by the execution
and delivery by the City of the Agreement. The City Council hereby declares that the
Agreement will be beneficial to the residents of the City.
2. Official Actions, The City Manager, Finance Director, Director of Public Works,
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 Agreement or the
formation of the District, including but not limited to the execution and delivery of any and all
certificates, documents and other instruments which they, or any of them, deem necessary or
desirable and not inconsistent with the purposes of this resolution.
Resos\96-54
PASSED, APPROVED AND ADOF'RED, by the City Council of the City of
Temecula, at a regular meeting held on the 23rd day of April, 1996
emans, Mayor
A=T:
J@.,dreek, CMC
City Clerk
[SEAL]
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF TEMECULA )
1, June S. Greek, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. 96-54 was duly adopted at regular meeting of the City Council of the
City of Temecula on the 23rd day of April, 1996, by the following roll call vote:
AYES: 4 COUNCILMEMBERS: Birdsall, Ford, Roberts, Lindemans
NOES: 0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
ABSTAINED: 1 COUNCILMEMBERS: Stone
J@.-breek, CMC
City Clerk
Resos\96-54 2