HomeMy WebLinkAbout01-030 CC ResolutionRESOLUTION NO. 01-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
WHEREAS, Ashby USA, LLC and Calloway 220, LLC (collectively the "Developers") have
requested that the Temecula Public Financing Authority (the "Authority") form a community
facilities district and have advanced funds to pay costs of the City and the Authority related
thereto; and
WHEREAS, the City desires to enter into a Deposit/Reimbursement Agreement with the
Authority and ~he Developers (the "Deposit Agreement"), regarding the disposition of funds
advanced by the Developers.
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.
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
special meeting held on the 15th day of May, 2001.
ATTEST: x..
Su~.'.n V~. JoneS;, CMC /
~Auth~tary
[SEA~ -...
- Jeff~3omerchero, Mayor
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan Jones, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the foregoing
Resolution No. 01-30 was duly adopted at a special meeting of the City Council of the City of
Temecula on the 15th day of May, 2001, by the following roll call vote:
AYES:
4 COUNCILMEMBERS: Naggar, Pratt, Roberts, Comerchero
NOES: 0 COUNCILMEMBERS: None
ABSENT: 1 COUNCILMEMBERS: Stone
'~...._~ity Cler~ Secretary
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