HomeMy WebLinkAbout01-062 CC ResolutionRESOLUTION NO. 01-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
WHEREAS, S-P Murdy, LLC (the "Developer") has requested that the Temecula Public
Financing Authority (the "Authority") form a community facilities district and has 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 the Developers (the "Deposit Agreement"), regarding the disposition of funds
advanced by the Developer.
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 regular meeting held on the 26th day of June, 2001.
ATTEST.:.
..
\i~EAL]
~~Jeff Comerchero, Mayor
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STATE OF CALIFORNIA )
COUNTYOF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan Jones, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. 01-62 was duly adopted at a regular meeting of the City Council of the
City of Temecula on the 26th day of June, 2001, by the following roll call vote:
AYES:
3 COUNCILMEMBERS: Roberts, Stone, Comerchero
NOES:
2 COUNCILMEMBERS: Naggar, Pratt
ABSENT: 0 COUNCILMEMBERS:
ABSTAINED: 0
COUNCILMEMBERS:
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