HomeMy WebLinkAboutReso 1999-19422 RESOLUTION NO. 19422
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE FIRST AMENDMENT TO THE
ACQUISITION/FINANCING AGREEMENT WITH McMILLIN OTAY
RANCH FOR COMMUNITY FACILITIES DISTRICT NO. 97-3
(McMILLIN OTAY RANCH SPA ONE)
WHEREAS, on December 8, 1998, Council approved the Acquisition/Financing
Agreement for Community Facilities District No. 97-3 (CFD 97-3) which set forth the
conditions and procedures for acquiring the improvements from the developer; and
WHEREAS, Council will also be considering the approval of the "Agreement for
Financing the Construction of Olympic Parkway and Related Roadway Improvements"; and
WHEREAS, CFD 97-3 will provide partial financing for the construction of Olympic
Parkway; and
WHEREAS, the First Amendment to the Acquisition/Financing Agreement with McMillin
Otay Ranch will ensure that the Acquisition/Financing for CFD 97-3 is consistent with the
applicable terms and conditions of the Olympic Parkway Agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council 0f the City cif Cl~la ViSta
does hereby approve the First Amendment to the Acquisition/Financing Agreement with
McMillin Otay Ranch for Community Facilities District No. 97-3 (McMillin Otay Ranch SPA
One), a copy of which shall be kept on file in the Office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said First Amendment for and on behalf of the City of
Chula Vista.
Presented by Approved as to form by
Jo P. Lippitt John M. Kaheny
Pu Director . City Attorney
Resolution 19422
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 20th day of April, 1999, by the following vote:
AYES: Councilmembers: Davis, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Moot
Shirley I-%or~n,'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, California, do hereby certify that the foregoing
Resolution No. 19422 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 20'h day of April, 1999.
Executed this 20th day of April, 1999.
Susan Bigelow, City Cler'k