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HomeMy WebLinkAbout12-195 - Resolutions RESOLUTION NO. 12-195 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING A REIMBURSEMENT AGREEMENT (URA-31) FOR THE UNDERGROUNDING OF EXISTING OVERHEAD UTILITIES, LOCATED ON THE NORTH SIDE OF BASE LINE ROAD, EAST OF ETIWANDA AVENUE WHEREAS, the City Council of the City of Rancho Cucamonga has for its consideration an Undergrounding Reimbursement Agreement (URA-31) submitted by LVD Rancho Cucamonga, LLC, as developer for Tract 18806, for the undergrounding of existing overhead utilities on the north side of Base Line Road, east of Etiwanda Avenue; and WHEREAS, the Developer, at Developer's expense, has completed said utility undergrounding; and WHEREAS, the owners of the adjoining properties will share in the expense of the utility undergrounding as stipulated in said Reimbursement Agreement; and WHEREAS, the City has on deposit utility undergrounding fees collected from a previous developer for one of said adjoining properties. 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 and cause side agreement to record. FURTHERMORE, the City Council hereby appropriates $37,807.50 from the Underground Utilities Fund Balance to Account No. 1129303-5650/1026129-0 for the purpose of reimbursing said developer. Please see the following page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 19th day of December 2012. AYES: Alexander, Michael, Spagnolo, Steinorth, Williams NOES: None ABSENT: None ABSTAINED: None L. Dennis Michael, Mayor ATTEST: Jan a C. Reynolds, CJ y Clerk 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 19th day of December 2012. Executed this 20th day of December 2012, at Rancho Cucamonga, California. Reyno ds, City Clerk Resolution No. 12-195 - Page 2 of 2