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HomeMy WebLinkAbout08-007 - Resolutions RESOLUTION NO. 08-007 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A REIMBURSEMENT AGREEMENT SRA-41 TO ESTABLISH NEW CONTRIBUTION IN LIEU OF CONSTRUCTION AMOUNTS TO BE PAID BY FUTURE DEVELOPMENT FOR CIRCULATION IMPROVEMENTS IN THE RANCHO ETIWANDA AREA AND RESCENDING THE PREVIOUS AGREEMENT MARCH 21, 2007 WHEREAS, the City Council of the City of Rancho Cucamonga has approved a Reimbursement Agreement submitted by Rancho Etiwanda 685, LLC, the Developer, for area- wide circulation improvements in conjunction with the development of Rancho Etiwanda, located on the both sides of Day Creek Boulevard north of the 210 Freeway, and WHEREAS, two of the clauses in Paragraph 4 of said Reimbursement Agreement conflict with the underlying Development Agreement, 00-02, for Rancho Etiwanda; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES, that said Reimbursement Agreement be replaced with one that is consistent with said Development Agreement, which be and the same is hereby approved and the major is hereby authorized to sign said agreement on behalf of the City of Rancho Cucamonga, and the City Clerk attest thereto. Please see the following page for formal adoption,certification and signatures Resolution No. 08-007 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 16`h day of January 2008. AYES: Gutierrez, Kurth, Spagnolo, Williams NOES: None ABSENT: Michael ABSTAINED: None jD6 � k/\- Don-aid J. Kurth, M.D., Ma or ATTEST: Debra J. tqlns, CMC, 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 16`h day of January 2008. Executed this 17`h day of January 2008, at Rancho Cucamonga, California. ebra J. Ad s, MC, City Clerk