HomeMy WebLinkAboutReso 2001-215 RESOLUTION NO. 2001-215
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE FORM OF THE FIRST
AMENDMENT TO THE ACQUISITION/FINANCING
AGREEMENT FOR COMMUNITY FACILITIES DISTRICT
NO. 99-1 (OTAY RANCH SPA ONE PORTIONS OF
VILLAGE ONE, VILLAGE FIVE AND VILLAGE ONE WEST)
WHEREAS, the City Council, pursuant to the provisions of the Mello-Roos Community
Facilities Act of 1982, has undertaken proceedings to form and has formed a community
facilities district for the purpose of financing the acquisition of certain works of improvement,
together with appurtenances, such special assessment district known and designated as
COMMUNITY FACILITIES DISTRICT NO. 99-1 (OTAY RANCH SPA ONE - PORTIONS
OF VILLAGE ONE, VILLAGE FiVE AND VILLAGE ONE WEST) (the "Community
Facilities District"); and
WHEREAS, the City Council did previously approve the form of an
Acquisition/Financing Agreement (the "Acquisition/Financing Agreement") by and between the
City of Chula Vista and Otay Project L.P. (the "Developer") to establish the terms and conditions
upon which the Improvements (as defined in the Amended Acquisition/Financing Agreement')
would be acquired by the City; and
WHEREAS, the City and the Developer desire to amend the Acquisition/Financing
Agreement by entering into the First Amendment to the Acquisition/Financing Agreement, the
form of which has been presented to the City Council (the "First Amendment").
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
SECTION 1. The above recitals are all true and correct.
SECTION 2. The form of First Amendment to the Acquisition/Financing Agreement, herewith
submitted, is approved substantially in the form submitted. The Mayor is hereby authorized to
execute the final form of such agreement on behalf of the City. The City Manager, subject to the
review of the City Attorney and Bond Counsel, is authorized to approve changes in such
agreement deemed to be in the best interests of the City, approval of such changes to be
evidenced by the execution of such agreement.
Prepared by Approved as to form by
Resolution 2001-215 -
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of July, 2001, by the following vote:
AYES: Councilmembers: Davis, Padilla, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Rindone
Shirley Hort~, Mayor
ATTEST:
Susan Bigelow, City Clerk ~'
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2001-215 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 17th day of July, 2001.
Executed this 17th day of July, 2001.
Susan Bigelow, City Clerk