HomeMy WebLinkAbout90-051 - Resolutions RESOLUTION NO. 90-051
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, E STABLI SHING AND ADOPTING A
CONTRIBUTION AMOUNT PERTAINING TO THE CONSTRUCTION OF THE
BASE LINE ROAD WIDENING FROM WEST OF INTERSTATE 15 TO
VICTORIA PARK LANE IN THE CITY OF RANCHO CUCAMONGA
WHEREAS, the City has collected from properties fronting Base Line
Road, fees in lieu of construction, bonds for participation in construction
and/or lien agreements to participate in the construction of Base Line Road;
and
~HEREAS, the City of Rancho Cucamonga is purchasing rights-of-way and
constructing street widening and median islands on Base Line Road from west of
Interstate 15 to Victoria Park Lane; and
WHEREAS, the City Council recognizes that it is necessary to
establish methods to equitably share incurred costs among those benefited by
said improvements, as is provided on other major divided streets such as Haven
Avenue.
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby resolve as follows:
1. All fees collected in-lieu of construction for Base Line Road
Street Widening and Meidans be deposited in a construction
account or fund to be used for the pending Base Line Road
Widening and Median construction.
2. All bonds received from developers guaranteeing participating in
the construction of Base Line Road Widening and Medians be
called in or otherwise converted to a liquid asset and deposited
in a coinstruction account or fund to be used for the pending
Base Line Road Widening and Median construction.
3. All lien agreements pertaining to the construction of Base Line
Road Widening and Medians be amended to make payment to a
construction account or fund to be used for the pending Base
Line Road Widening and Median construction or to reimburse the
City for the Construction thereof and purchase of rights-of-way
the re fo re.
4. All remaining undeveloped properties fronting onto Base Line
Road shall be required by condition of Development to reimburse
the City for the cost for their proportionate frontage of the
Base Line Road Widening and Median construction and rights-of-
way purchase. A contribution in lieu of said construction and
purchase for said widening and median shall be an amount equal
to $109.00 per linear foot of property fronting on Base Line
Road. Corner property frontages shall be measured to the
prolongation of the ultimate right-of-way of the side streets;
and shall include the particular improvements constructed with
Resolution No. 90-051
Page 2
this project which are unique to the frontages along Etiwanda
Avenue which said street frontage cost is $79.00 per front foot
of said street from Base Line Road to 300 feet north and 600
feet south thereof.
Payment of said contributions shall be made prior to building
permit issuance or recording of the Tract or Parcel Map,
whichever occurs first.
The unit contribution amount shall automatically be increased on
a fiscal year basis by the Prime Interest Rate as determined at
the beginning of each fiscal year.
PASSED, APPROVED, and ADOPTED this 7th day of February, 1990.
AYES: Alexander, Brown, Buquet, Stout, Wright
NOES: None
ABSENT: None
Dennis L. Stout, Mayor
ATTEST:
era . A4~Fms, 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 ef said City Council held on the 7th day of
February, 1990.
Executed this 8th day of February, 1990 at Rancho Cucamonga,
Call fornia.
-Debra J. Af~ams
, City Clerk