HomeMy WebLinkAboutReso 1999-19281 RESOLUTION NO. 19281
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA, CALIFORNIA, APPROVING THE FORM OF THE SECOND
AMENDED ACQUISITION/FINANCING AGREEMENT FOR
ASSESSMENT DISTRICT NO. 97-2 (OTAY RANCH, VILLAGE
ONE)
WHEREAS, the City Council, has, pursuant to the provisions of the "Municipal
Improvement Act of 1913," being Division 12 of the Streets and Highways Code of the State
of California, by adoption of its Resolution of Intention, has undertaken proceedings to form
and has formed a special assessment district for the purpose of financing the acquisition of
certain works of improvement, together with appurtenances, such special assessment district
known and designated as ASSESSMENT DISTRICT NO. 97-2 (OTAY RANCH, VILLAGE ONE)
(the "Assessment District"); and
WHEREAS, the City Council did previously approve the form of an Amended
Acquisition/Financing Agreement (the "Amended Acquisition/Financing Agreement") by and
between the City of Chula Vista and Village Development LLC (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 ~ Amendt3d
Acquisition/Financing Agreement by entering into the Second Amer~ded Acquisition/Financing
Agreement, the form of which has been presented to the City Council (the "Second Amended
Agreement").
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
SECTION 1. The above recitals are all true and correct.
SECTION 2. The form of the Second Amended 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 19281
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 25th day of May, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
ABSTAIN: Councilmembers: None
Ma~y'~eputy Mayo~j
ATTEST:
Susan Bigelow, City Clerl~ ~' ~'~'
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 19281 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 25th day of May, 1999.
Executed this 25th day of May, 1999.
Susan Bigelow, City Clerk