HomeMy WebLinkAboutReso 2002-473RESOLUTION NO. 2002-473
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DECLARING ITS INTENTION TO CONSIDER
MODIFICATION TO THE FACILITIES AUTHORIZED TO BE
FINANCED BY COMMUNITY FACILITIES DISTRICT NO.
2001-2 (MCMILLIN OTAY RANCH - VILLAGE SIX)
WHEREAS, McMillin Otay Ranch, LLC has requested that the City initiate a change in
proceedings to consider the modification of the facilities authorized to be financed from
Community Facilities District No. 2001-2 (CFD No. 2001-2) for the acquisition or construction
of public facilities serving their properties in Village Six; and
WHEREAS, the City of Chula Vista and the McMillin Otay Ranch, LLC have mutually
agreed that financing the Public Facilities Development Impact Fee (PFDIF) component will
allow the City of Chula Vista to obtain needed funds for the type of authorized facilities stated
within the PFDIF Ordinance No. 2320 (such as the Civic Center, fire stations, etc.); and
WHEREAS, if approved, the PFDIF component will also be added to the list of
authorized facilities as an amendment to the Acquisition/Finance Agreement; and
WHEREAS, the developer will pay all costs and has deposited money to fund initial
consultant costs, and City costs in accordance with the approved Reimbursement Agreement.
The City will receive the benefit of the full cost recovery for staff time involved in district
formation and administration activities.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista hereby: (a) approves the resolution declaring the intention to consider modifications to the
facilities authorized to be financed by CFD No. 2001-2; and (b) set the date for the Public
Hearing for January 7, 2003.
Prepared by
Approved as to form by
~bli~rks Director
Jo!~~. Kaheny jJ
C/J~Attorney ~
Resolution 2002-473
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 26th day of November, 2002, by the following vote:
ATI'EST:
Councilmembers:
Councilmembers:
Councilmembers:
AYES:
NAYS:
ABSENT:
Davis, Padilla, Rindone, Salas, and Horton
None
None
'Shirle~ I~rton, Mayor
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. 2002-473 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 26th day of November, 2002.
Executed this 26th day of November, 2002.
Susan Bigelow, City Clerl~