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HomeMy WebLinkAboutReso 2004-129 RESOLUTION NO. 2004-129 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A REIMBURSEMENT AGREEMENT WITH THE EASTLAKE COMPANY FOR CONSTRUCTION OF A PORTION OF THE POGGI CANYON TRUNK SEWER EXTENSION AND APPROPRIATING FUNDS THEREFOR WHEREAS, as part of the Eastlake Land Swap project development, the Eastlake Company constructed the Poggi Canyon Trunk Sewer Extension, a $2.4 million deep gravity sewer extending fiom the Eastlake Parkway Pump Station to the Poggi Canyon Trunk Sewer at Olympic Parkway; and WHEREAS, this agreement will enable the City to reimburse the Eastlake Company for the cost of the sewer from Community Facilities District (CFD) proceeds and City funds; and WHEREAS, it is appropriate to fund the proposed reimbursement fiom the Trunk Sewer Capital Reserve Fund since the City had a vested interest in constructing this segment of the Poggi Canyon Trunk Sewer Extension. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does hereby approve a reimbursement agreement with the Eastlake Company for construction of a portion of the Poggi Canyon Trunk Sewer Extension and appropriating funds therefor. BE IT FURTHER RESOLVED that the Eastlake Company shall be reimbursed subject to conditions set forth in reimbursement agreement. BE IT FURTHER RESOLVED the reimbursement shall be made no sooner than July I, 2004 to ensure that sufficient Trunk Sewer Capital Reserve funds are available. BE IT FURTHER RESOLVED that $1,230,000 shall be appropriated from the Trunk Sewer Capital Reserve Fund to a new Capital Improvement Program (CIP) for Reach 2 of the Poggi Canyon Trunk Sewer Extension. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby authorized and directed to execute said agreement on behalf of the City ofChula Vista. Presented by Approved as to form by ~~ Jack ri III Genera rvices irector CA~ Ann Moore City Attorney Resolution 2004-129 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista, California, this 27th day of April, 2004, by the following vote: AYES: Councilmembers: NAYS: Councilmembers: ABSENT: Councilmembers: Davis, McCann, Rindone, Salas and Padilla None None ATTEST: ~ lÍ-lS3.:~ 0 O. -' Susan Bigelow, CMC, City lerk 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. 2004-129 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 27th day of April, 2004. Executed this 27th day of April, 2004. ~ 1 ð....L. ~ ~ Susan Bigelow, CMC, City erk