HomeMy WebLinkAboutReso 1998-18890 RESOLUTION NO. 18890
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE FORM OF THE AMENDED
ACQUISITION/FINANCING AGREEMENT FOR ASSESSMENT
DISTRICT NO. 97-2 (OTAY RANCH, VILLAGE ONE)
WHEREAS, the City Council of the City of Chula Vista, 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,
declared its intention to order the acquisition of certain works of improvement, together
with appurtenances, in a special assessment district known and designated as
ASSESSMENT DISTRICT NO. 97-2 (OTAY RANCH, VILLAGE ONE) (hereinafter referred to
as the "Assessment 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 Village Development LLC (the "Developer") to establish the
terms and conditions upon which the Improvements (as defined in the 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 Amended Acquisition/Financing Agreement, the form of
which has been presented to the City Council (the "Amended Acquisition/Financing
Agreement ").
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
SECTION 1. The above recitals are all true and correct.
SECTION 2. The form of Amended 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 that are in substantial conformance with the terms approved
by the City Council, such changes to be evidenced by the execution of such agreement. A
copy of the final form of such agreement identified as Document No. C098-019 and shall
be kept on file in the Office of the City Clerk and remain available for public inspection.
Prepared by Approved as to form by
Resolution 18890
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 10th day of February, 1998, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shirley~, Mayor
ATTEST:
Beverly A/. Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CiTY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify
that the foregoing Resolution No. 18890 was duly passed, approved, and adopted by the
City Council at a regular meeting of the Chula Vista City Council held on the 10th day of
February, 1998.
Executed this 10th day of February, 1998.
Bever~~Authelet, City Clerk