HomeMy WebLinkAbout07-021 CC Resolution
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RESOLUTION NO. 07.21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA APPROVING THE FOURTH OPERATING
MEMORANDUM FOR THE DEVELOPMENT AGREEMENT
BETWEEN ASHBY USA LLC AND THE CITY OF
TEMECULA FOR THE RORIPAUGH RANCH PROJECT
THE CITY COUNCil OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOllOWS:
Section 1. The City Council of the City of Temecula hereby approves that
certain "Fourth Operating Memorandum" by and between the City, Ohio Savings Bank,
and Ashby USA dated as of March 6, 2007 with such changes in said documents as
may be mutually agreed upon by the parties, the City Manager and City Attorney as are
in substantial conformance with the form of such agreements as presented to the
Council. The Mayor is hereby authorized to execute said Agreements on behalf of the
City.
Section 2. The City Manager (or his designee), is hereby authorized, on behalf
of the City, to take all actions necessary and appropriate to carry out and implement the
Agreements and to administer the City's obligations, responsibilities and duties to be
performed under the Agreements.
Section 3. The City Clerk shall certify the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 6th day of March, 2007.
ATTEST:
R:/Resos 2007/Resos 07-21
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 07-21 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 6th day of March, 2007, by the
following vote:
AYES: 5
COUNCIL MEMBERS:
NOES: 0
COUNCIL MEMBERS:
ABSENT: 0
COUNCIL MEMBERS:
ABSTAIN: 0
COUNCIL MEMBERS:
R:/Resos 2007/Resos 07-21
Comerchero, Edwards, Naggar, Roberts,
Washington
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