HomeMy WebLinkAbout87-036 - Resolutions - (deleted) DI~ETED
RESOLUTION NO. 87-36
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAHONGA, SAN BERNARDINO COUNTY, CALIFORNIA, APPROVING AND
AUTHORIZING EXECUTION OF ACQUISITION AND FINANCING
AGREEHENTS
(ASSESSHENT DISTRICT NO. 86-2)
WHEREAS, the City Council of the City of Rancho Cucamonga (the
'~ity") is considering the formation of an assessment district, pursuant to the
'~unicipal Improvement Act of 1g13", being Division 12 (commencing with Section
10000) of the Streets and Highways Code, for certain public work and
improvements and acquisitions, if necessary, generally 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"); and
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;
WHEREAS, the City Council has received and reviewed several
agreements entitled '~greement for Acquisition and Financing" for a portion of
the Improvements, pursuant to Section 66462 of the Goverement Code:
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby RESOLVE, DETERMINE 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 and Financing, Assessment
District No. 86-2 (Agreement No. 1) between the City
of Rancho Cucamonga and Glenfed Development
Corporation.
(b) Agreement for Acquisition and Financing, Assessment
District No. 86-2 (Agreement No. 2) between the City
of Rancho Cucamonga and Lansen Development, Inc.
(c) Agreement for Acquisition and Financing, Assessment
District No. 86-2 (Agreement No. 3) between the City
of Rancho Cucamonga and Diversified Investments III.
(d) Agreement for Acquisition and Financing, Assessment
District No. 86-2 (Agreement No. 4) between the City
of Rancho Cucamonga and Paragon Homes, Inc.
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 5. This resolution shall take effect upon adoption.
Resolution No. 87-36
Page 2
Dm. ETHD this 21st day of January, 1987.
AYES:
NOES:
ABSENT:
Dennis L. Stout, Mayor
ATTEST:
Beverly A. Authelet, City Clerk
I, BEVERLY A. AUTH'.ET, CITY CLERIC 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 * day of *,
1987.
Executed this * day of *, 1987 at Rancho Cucamonga, California.
Beverly A. Authelet, City Clerk