HomeMy WebLinkAbout1991-07-02; City Council; Resolution 91-207*
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91-207 RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, APPROVING AN AGREEMENT WITH AVIARA FOR FUNDING, MITIGATION,
& REIMBURSEMENT FOR THE POINSETTIA LANE/ INTERSTATE 5 INTERCHANGE, PROJECT NO. 3269
WHEREAS, the City Council of the City of Carlsbad
determined it necessary and in the public interest to proceed i
improvements to the Poinsettia Lane/Interstate 5 Interchar
Project No. 3269; and
WHEREAS, the City Council has entered into an agree]
with Boyle Engineering Corporation for the design of :
Interchange; and
WHEREAS, the City has previously entered intc
cooperative agreement with CALTRANS which obligates the Cit]
fund 100% of the preconstruction costs for said Interchange; i
WHEREAS, funds will not be available to fund
improvements until Community Facilities District (CFD) bonds
issued; and
WHEREAS, Aviara wishes to proceed with developmeni
their second phase by entering into an agreement with the Cit
provide for funding of said Interchange; and
WHEREAS, funds deposited by Aviara will be loaned to
CFD Fund.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. That the above recitations are true and correc
2. That a consultant agreement with Aviara is he
approved and the Mayor and City Clerk are hereby authorized a
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directed to execute said agreement. That following the Ma
signature of said agreement copies shall be forwarded tc
Municipal Projects Department.
3. That funds up to $913,000 deposited by Aviara
be loaned to the CFD Fund with repayment to Aviara upon issuan
bonds to fund the Poinsettia Lane/Interstate 5 Interchange pro
4. That funds in the amount of $913,000 are hc
appropriated from the CFD Fund to the Poinsettia Lane/Interst
Interchange proj ect account.
PASSED, APPROVED AND ADOPTED at a regular meeting 0:
I- Carlsbad City Council held on the 2nd day of July
by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, Stanton and N.
NOES: None
ABSENT: None
ATTEST’ :
4
ALETHA L. RAUTENKRANZ, City Clekk
(SEAL)