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HomeMy WebLinkAbout10-028 - Resolutions RESOLUTION NO. 10-028 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA TERMINATING AN AGREEMENT BETWEEN THE CITY OF RANCHO CUCAMONGA AND THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY FOR REIMBURSEMENT OF COSTS RELATED TO COMMUNITY FACILITIES DISTRICTS 2001-01 AND 2003-01 WHEREAS, City Council Resolution 01-181 was approved on August 1, 2001 approving the agreement for reimbursement of costs between the City of Rancho Cucamonga and the Rancho Cucamonga Redevelopment Agency related to the Community Facilities District 2001-01; and WHEREAS, City Council Resolution 03-037 was approved on February 19, 2003 approving the agreement for reimbursement of costs between the City of Rancho Cucamonga and the Rancho Cucamonga Redevelopment Agency related to the Community Facilities District 2003-01; and WHEREAS, all of the requirements established as prerequisite to approval of the Agreements between the City of Rancho Cucamonga and Rancho Cucamonga Redevelopment Agency have been met; and WHEREAS, the two remaining non-participating parcels, APN 227-161-21 and APN 229 -021-17, will pay all impact fees based on the City's fee rate in effect at time of development; and WHEREAS, any money that has been received by the City pursuant to the Agreements, and not yet transmitted to the Agency, be made available for transportation and drainage improvements in the City; and WHEREAS, said Agreements between the City of Rancho Cucamonga and Rancho Cucamonga Redevelopment Agency are no longer required. NOW,THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES, that said Agreements be and the same are hereby terminated and the Mayor is hereby authorized to sign said Resolution terminating the Agreements on behalf of the City of Rancho Cucamonga, and the City Clerk to attest. Please see the fallowing page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 17`h day of February 2010. AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None V Donald J. Kurth, M.D., Mayor ATTEST: Oaw,v(� �- ice C. Reynolds, City OVerk I, JANICE C. REYNOLDS, 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 17th day of February 2010. Executed this 18`h day of February 2010, at Rancho Cucamonga, California. J ice C. Reynolds, City CI rk Resolution No. 10-028 - Page 2 of 2