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HomeMy WebLinkAbout07-030 - Resolutions • RESOLUTION NO. 07-030 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A REIMBURSEMENT AGREEMENT TO ESTABLISH CONTRIBUTION IN LIEU OF CONSTRUCTION AMOUNTS FOR CIRCULATION IMPROVEMENTS IN THE RANCHO ETIWANDA AREA, SRA-41 WHEREAS, the City Council of the City of Rancho Cucamonga has for its consideration 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, the Developer, at Developer's expense, has completed the required improvements; and WHEREAS, the City has on deposit some contributions in lieu of construction for these improvements collected from benefiting property owners on the basis of estimated costs per Development Agreement 00-02; and • WHEREAS, the City placed conditions of approval on Tentative Tracts 16226, 16227 and all subsequent Development Reviews requiring payment of a traffic circulation improvement fee for the area encompassing Rancho Etiwanda and Rancho Etiwanda Estates prior to building permits issuance. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES, that said Reimbursement Agreement be and the same is hereby approved and the Mayor 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. 07-030 Page 2 of 2 • PASSED, APPROVED, AND ADOPTED this 2155 day of March 2007. AYES: Gutierrez, Kurth, Michael, Spagnolo NOES: None ABSENT: Williams ABSTAINED: None V Donald J. Kurth,' .D., Mayor ATTEST: �&' I bebra J. Adm , 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 21s` day of March 2007. Executed this 22nd day of March 2007, at Rancho Cucamonga, California. Debra J. Ada s, C, City Clerk •