HomeMy WebLinkAbout87-097 - Resolutions RESOLUTION NO. 87-97
RES(]ZUTION OF THE CITY COUNCIL OF THE CITY OF RA~CItO
~JCAMONGA, CALIFO~/qlA, APPROVING AND AUTHORIZING EXE(NTION
OF ACQUISITION AGRE~ENTS (ASSESSMENT DISTRICT NO. 86-2)
~ERE~, the City Council of the City of Rancho Cucamonga (the
"City") is considering the formation of an assessment district, pursuant to the
'Municipal Improvement Act of 1913", being Division 12 (comnencing with Section
10000) of the Streets and Highways Code, for certain public work and
improvements and acquisitions, if necessary, senerally described as follows:
The construction and acquisition of drainage improvements
including appurtenances and appurtenant work, acquisition
of interests in real property, if necessary, and incidental
expenses in connection therewith
(the '~improvements ");
WHEREAS, the City Council has received a Petition signed by owners of
assessable property within the Assessment District requesting construction
and/or financing and acquisition of Improvements and waiving proceedings and
limitations under Division 4 of the Streets and Highways Code;
~EREAS, the City Council has received and reviewed several
agreements entitled "Agreement for Acquisition" for a portion of the
Improvements, pursuant to Section 66462 of the Government Code:
NO~, THEREFORE, the City Council of the City of Rancho Cuca,~onga does
hereby RESr~.VE, DE~LARR AND ORDER as follows:
SECTION 1: The above recitals are all true and correct.
SECTION 2: The City Council hereby approves and authorizes execution
of the agreements specified as follows:
(a) Agreement for Acquisition, Assessment District No.
86-2 (Agreement No. 1) Between the City of Rancho
Cuca,nonga and Glenfed Development Corporation.
(b) Agreement for Acquisition, Assessment District No.
86-2 (Agreement No. 2) between the City of Rancho
Cucamonga and Grupe Development Company.
(c) Agreement for Acquisition, Assessment District No.
86-2 (Agreement No. 3) between the City of Rancho
Cucamonga and LTnnehaven Joint Venture and Diversified
Properties Company III.
SECTION 3: The City Council hereby finds and determines that the
remaining Improvements shall be constructed by the City from proceeds from the
sale of bonds and proceeds received during the cash collection period.
SECTION 4: The foregoing agreements shall Be filed with the
transcript of these proceedings and shall be open to public inspection.
SECTION ~: This resolution shall take effect upon adoption.
PASSED, APPROVED, and ADOPTED this 4th day of Hatch, 1987.
AYES: Brown, Buquet, Stout, Wright
NOES: None
ABS~T: King
Resolution No. 87-97
Page 2
ATTEST:
Beverly A~ Auth~let, City Clerk
I, BEVERLY A. AUTII~S. ET, CITY CLERI~ of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution vas duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, aC a regular meeting of said City Council held on the 4th day of
~arch, 1987.
Executed chis 5th day of Narch, 1987 at Rancho Cucamonga, California.
Beverly i~/luthelet, City Clerk