HomeMy WebLinkAbout01-053 CC ResolutionRESOLUTION NO. 01-53
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
WHEREAS, Lennar Homes of California, Inc. (the "Developer") has requested that the
Temecula Public Financing Authority (the "Authority") form a community facilities district 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 A.qreement. 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 12th day of June 2001.
ATTEST:
[SEAL] .
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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. 01-53 was duly adopted at a special meeting of the City Council of the
City of Temecula on the 12th day of June, 2001, by the following roll call vote:
AYES:
4 COUNCILMEMBERS: Naggar, Roberts, Stone, Comerchero
NOES: 0 COUNCILMEMBERS: None
ABSENT: 1 COUNCILMEMBERS: Pratt
ABSTAIN: 0 COUNCILMEMBERS: None
//~C~ty Clerk
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