HomeMy WebLinkAbout15-064 CC Resolution RESOLUTION NO. 15-64
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TEMECULA APPROVING A
DEPOSIT/REIMBURSEMENT AGREEMENT
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. Roripaugh Valley Restoration, LLC and Wingsweep Corporation
(collectively, the "Landowners") have submitted to the Finance Director of the City of
Temecula (the "City") checks in the total amount of $50,000 (the "Deposit"), to be used
by the City to pay costs of the City and the Temecula Public Financing Authority (the
"Authority") in connection with proceedings under Section 53311 et seq. of the California
Government Code (the "Act") to create a community facilities district to be designated
"Temecula Public Financing Authority Community Facilities District No. 16-01" (the
"CFD").
Section 2. There has also been submitted a Deposit/Reimbursement Agreement
(the "Agreement"), to be entered into by the Landowners, the City and the Authority (for
itself and on behalf of the CFD), and the City now desires to enter into the Agreement
with the Authority and the Landowners in order to assist with the formation of the CFD
' and the possible issuance of Bonds by the Authority for the CFD.
Section 3. The City Council hereby approves and authorizes the City Manager to
execute and deliver the Agreement, in the form on file with the City Clerk and to take all
actions on his part necessary to implement the Agreement. The Director of Finance is
hereby authorized and directed to accept the Deposit and to use the Deposit (and any
subsequent Deposits, as defined in the Agreement) in the manner contemplated by the
Agreement.
Section 4. The Mayor, City Manager, Director of Finance, 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
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.
Resos 15-64 1
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
' Temecula this 17th day of November, 2015.---
Jeff Comerchero, Mayor
ATTEST: /
Randi o , City Clerk
[SEAL]
Resos 15-64 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. 15-64 was duly and regularly adopted by the City Council of the
City of Temecula at a meeting thereof held on the 17th day of November, 2015, by the
following vote:
AYES: 5 COUNCIL MEMBERS: Edwards, McCracken, Naggar, Rahn,
Comerchero
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
' Randi Johl, City Clerk
Resos 15-64 3