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HomeMy WebLinkAbout02-124 - Resolutions RESOLUTION NO. 02-124 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A REIMBURSEMENT AGREEMENT FOR THE UNDERGROUNDING OF EXISTING OVERHEAD UTILITIES LOCATED ON THE NORTH SIDE OF CH STREET WEST OF CLEVELAND AVENUE WHEREAS, the City Council of the City of Rancho Cucamonga has for its consideration a Reimbursement Agreement submitted by Riverside Commercial Investors, as developer for DRCDR00-76, for the undergrounding of the existing overhead utilities on the north side of 6`h Street west of Cleveland Avenue (URA-018); and WHEREAS, the developer, at the developer's expense, has completed said utility undergrounding; and WHEREAS, the owner of the adjoining properties will share in the expense of the utility undergrounding as stipulated in said Reimbursement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA DOES HEREBY RESOLVE that said Reimbursement Agreement be and the 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 17`h day of April 2002. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None William J. Alexa er, Mayor ATTEST: 14,bQ Debra J. Adams, WC, City Clerk Resolution No. 02-124 Page 2 of 2 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 17`h day of April 2002. Executed this 18`h day of April 2002, at Rancho Cucamonga, California. e a J. Adam MC, City Clerk