HomeMy WebLinkAbout2022-66 CC ResolutionRESOLUTION NO.2022-66
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA APPROVING A
DEPOSIT/REIMBURSEMENT AGREEMENT —
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 16-01
(RORIPAUGH RANCH PHASE 2)
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. Woodside 05S, LP, a California limited partnership (the "Developer") has
submitted to the Finance Director of the City of Temecula (the "City") a check in the amount of
$82,500.00 (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 annex property to and issue special tax bonds
for the Temecula Public Financing Authority Community Facilities District No. 16-01 (Roripaugh
Ranch Phase 2) (the "CFD").
Section 2. There has also been submitted a Deposit/Reimbursement Agreement (the
"Agreement'), to be entered into by the Developer, 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 Developer in order to assist with the annexation of property to 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.
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PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula
this 23rd day of August, 2022.
ATTES
Rand , City Clerk
[SEAL]
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Matt Rahn, Mayor
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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. 2022-66 was duly and regularly adopted by the City Council of the City
offemecula at a meeting thereof held on the 23rd day of August, 2022, by the following vote:
AYES: 4 COUNCIL MEMBERS: Edwards, Rahn, Schwank, Stewart
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: I COUNCIL MEMBERS: Alexander
Rand] Johl, City Clerk
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