HomeMy WebLinkAboutReso 1990-15625 RESOLUTION NO. 15625
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING A REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF
CHULA VISTA AND THE EASTLAKE DEVELOPMENT COMPANY FOR ALL
INITIAL CONSULTING AND ADMINISTRATIVE COSTS AND EXPENSES
FOR EASTLAKE III PUBLIC IMPROVEMENTS
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, the EastLake Development Company has requested the City to
initiate proceedings under the State 1913/15 Acts or the Community Facilities
Act of 1982 to finance the improvements of the public facilities associated
with EastLake III development, and
WHEREAS, in addition, EastLake Development Company has signed an
agreement providing for the advance of funds to pay for all initial
consulting, City administration, and appraisal expenses relating to the
formation of a public financing district subject to reimbursement by the City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve a Reimbursement Agreement between the City of Chula
Vista and the EastLake Development Company for all in'itial consulting and
administrative costs and expenses for EastLake III public improvements, a copy
of which is on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista be, and
he is hereby authorized and directed to execute said Reimbursement Agreement
for and on behalf of the City of Chula Vista.
Presented by Approved as to form by
Jo P. Li i D. Richard RudOlt ~_~}
Di of Public Works Assistant City Attorney
Resolution No. 15625
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 22rid day of May, 1990 by the following vote:
AYES: Councilmembers: Malcolm, McCandliss, Moore, Nader, Cox
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
co;, Mayor
Grego
ATTEST:
Be r A u e
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
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. 15625 was duly passed,
approved, and adopted by the City Council of the City of Chula Vista,
California, at a regular meeting of said City Council held on the 22nd day of
May, 1990.
Executed this 22nd day of May, 1990.