HomeMy WebLinkAbout89-574 - Resolutions RESOLUTION NO. 89-574
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, ESTABLISHING AND ADOPTING A
CONTRIBUTION AMOUNT PERTAINING TO THE CONSTRUCTION ON
MEDIAN ISLAND LANDSCAPING ON MILLIKEN AVENUE BETWEEN
4TH STREET AND 6TH STREET IN THE CITY OF RANCHO CUCAMONC~A
WHEREAS, the City has col 1 ected from properti es fronting
Milliken Avenue, fees in lieu of construction, bonds for participation in
construction and/or lien agreements to participate in the construction of
Milliken Avenue Median Landscaping; and
WHEREAS, the City of Rancho Cucamonga is constructing a landscaped
median within Milliken Avenue from 4th Street to 6th Street; and
WHEREAS, the City Council recognizes that it is necessary to
establish methods to equitably share said cost among those benefited by said
improvements.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA DOES
HEREBY RESOLVE that:
1. All fees collected in-lieu of construction for Milliken Avenue
Median Landscaping be deposited in a construction account or fund to be used
for the pending Milliken Avenue Median Landscaping construction.
2. All bonds received from developers guaranteeing participating in
the construction of Milliken Avenue Median Landscaping be called in or
otherwise converted to a liquid asset and deposited in a construction account
or fund to be used for the pending Milliken Avenue Median Landscaping
construction.
3. All lien agreements pertaining to the construction of
Milliken Avenue Median Landscaping be amended to make payment to a
construction account or fund to be used for the pending Milliken Avenue Median
Landscaping construction or to reimburse the City for the construction
thereof.
4. A11 remai ni ng un developed properti es front i ng onto
Milliken Avenue shall be required by Condition of Development to reimburse the
City for the cost for their proportionate frontage of the Milliken Avenue
Median Landscaping construction. A contribution in lieu of the construction
for said landscaped median shall be an amount equal to $72.00 per linear foot
of property fronting on Milliken Avenue. Corner property frontages shall be
measured to the prolongation of the ultimate right-of-way of the side street.
Payment of said contribution shall be made prior to building permit
issuance or recording of the Tract of 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.
Resolution No. 89-574
Pa ge 2
PASSED, APPROVED, and. ADOPTED this 6th day of December, 1989~
AYES: Alexander, Buquet, Brown, Stout, Wright
NOES: None
ABSENT None
· -.~. :· Dennis L. Stout, Mayor
ATTEST:
[Tebra J. A~l~/ms, 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 6th day of
December, 1989.
Executed this 7th day of December, 1989 at Rancho Cucamonga,
California.
Oebra J. A(~t~ms, City Clerk