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HomeMy WebLinkAbout02-093 - Resolutions RESOLUTION NO. 02-093 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A STREET FRONTAGE REIMBURSEMENT AGREEMENT (SRA-26) EXECUTED ON MARCH 20, 2002, FOR THE INSTALLATION OF BANYAN STREET (FORMERLY SUMMIT AVENUE) FROM BLUEGRASS AVENUE TO ETIWANDA AVENUE WHEREAS, the City Council of the City of Rancho Cucamonga has for its consideration a street frontage Reimbursement Agreement submitted by Panda Development, as developer of Tract 13812 for the installation of Banyan Street (formerly Summit Avenue) from Bluegrass Avenue to Etiwanda Avenue—SRA-26; and WHEREAS, the developer, at the developer's expense, has completed said street improvements; and WHEREAS, the developer request reimbursement from future development for the portion of street improvements beyond the limits of his development as entitled to per the conditions of his development by means of said Reimbursement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, DOES HEREBY RESOLVE that said reimbursement agreement be and same is hereby approved, and the Mayor is hereby authorized to sign said reimbursement agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest hereto and cause said agreement to record. PASSED, APPROVED, AND ADOPTED this 20`" day of March 2002. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None William J. t xander, Mayor Resolution No. 02-093 Page 2 of 2 ATTEST: J"Cc- ebra J. Adam MC, City Clerk I, DEBRA J.ADAMS,CITY CLERK of the City of Rancho Cucamonga,California,do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 20th day of March 2002. Executed this 21 s'day of March 2002, at Rancho Cucamonga, California. 9404C Q 44. ) Adarr&/CMC, City Clerk