HomeMy WebLinkAboutReso 1991-16115 RESOLUTION NO. 16115
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING A REIMBURSEMENT AND ORIGINATION AGREEMENT
BETWEEN THE CITY OF CHULA VISTA AND FN PROJECTS, INC. FOR
ALL INITIAL CONSULTING AND ADMINISTRATIVE COSTS AND
EXPENSES ASSOCIATED WITH FORMING A PUBLIC FINANCING
DISTRICT FOR SALT CREEK I PUBLIC FACILITIES, AND
AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, FN Projects, Inc. 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 Salt Creek I
development and to initiate proceedings to form an open space district; and,
WHEREAS, FN Projects, Inc. has signed an agreement providing for the
advance of funds to pay for all initial consul ring, City administration, and
appraisal expenses relating to the formation of a public financing district
for all initial formation of an open space district and has signed an
agreement to pay a 1% origination charge associated with assessment district
financing pursuant to Council.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
vista does hereby approve a Reimb.rseme.t a.d Origi.atio. C.arge
between the City of Chula Vista and FN Projects, Inc., known as
number C091-040, for all initial consulting, attorney, appraisal and
administrative costs and expenses for Salt Creek I public improvements and
open space district and a 1% origination charge, 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 is
hereby authorized and directed to execute said Reimbursement Agreement for and
on behalf of the City of Chula Vista.
Presented by Appr ed as to f m by
J hn P. Li/ppt~t/~ ~o~ S~J
rof Public Works '
Resolution No. 16115
Page 2 --
PASSED, APPROVEO, and ADOPTED by the City Council of the City of Chula
Vista, California, this 2nd day of April, 1991 by the following vote:
AYES: Councilmembers: Malcolm, Moore, Nader, Rindone
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
leonard M. Mool~1
Mayor, Pro-Tempore
ATTEST:
C ..'~>! iI~ y i""' .-'-.,
Beverly ~ Authelet, City Clerk
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. 16115 was duly passed,
approved, and adopted by the City Council held on the 2nd day of April, 1991.
Executed this 2nd day of April, 1991.
Beverly A. Authelet, City Clerk