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Home My WebLink About1994-12-13; City Council; Resolution 94-326A 0 0 EXHIBIT 1 I1 I. ll RESOLUTION NO. 94-326 2 3 4 5 6 7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, DIRECTING STAFF TO PREPARE DOCUMENTS FOR THE DISTRICT (CFD NO. 3) TO FINANCE CERTAIN PUBLIC IMPROVEMENTS WITHIN THE CARLSBAD RANCH PROJECT, AUTHORIZING THE RETENTION OF BROWN, DIVEN AND HENTSCHKE TO ASSIST THE CITY WITH THE DISTRICT FORMATION PROCESS AND TO ACT AS BOND COUNSEL, AND KADIE, JENSEN, JOHNSON AND BODNAR TO PROVIDE SPECIAL TAX AND FINANCIAL CONSULTING SERVICES. ESTABLISHMENT OF A MELLO-ROOS COMMUNITIES FACILITIES 8 9 10 11 12 13 WHEREAS, the City Council has reviewed the request as provided in Council Polic! 14 38 and finds those improvements recommended for funding below provide a significan 15 public benefit; and 16 WHEREAS, the City Council finds that there is sufficient public benefit provided b! WHEREAS, Carltas, the property owner of the Carlsbad Ranch Project, has askec the City Council to consider the formation of a Mello-Roos Community Facilities Distric (CFD) to provide funding for certain public improvements within the Carlsbad Ranct Specific Plan; and I'i' l8 the construction of the projects listed below to warrant providing public debt financing tc the project through a CFD formed consistent with Council Policy 38; and 19 I WHEREAS, Caritas shall provide funding for all costs, both direct and incidental, a: 20 21 may be necessary to bring the CFD to final formation. 22 I/ NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad California as follows: 23 24 1. That the above recitations are true and correct. 25 2. That the City Council authorizes staff to begin work on the formation of a CFC 26 at a later date if sufficient justification exists. 27 to finance the projects listed below, however staff may recommend modifications to this lis 28 /// ii 0 0 1 3. That the City shall retain the services of Brown, Diven and Hentschke as bonc 2 counsel. 3 4. That the City shall retain the services of Kadie, Jensen, Johnson and Bodna 4 5 as special tax consultant and financial advisor. 5. That the preliminary costs related to the formation of this district shall be bornc 6 7 8 9 10 11 12 13 by Carltas, however, those costs that are directly related to the formation of the distric and/or construction of included facilities may be considered by the Council fo reimbursement from CFD bond proceeds in the future. Carltas shall immediately depos, the sum of $50,000 with the City as an advance to cover these formation costs. 6 That, if the sum of $50,000 proves to be insufficient to cover preliminary costs the City Financial Management Director shall estimate the amount of additional fund: required and Carltas shall deposit these additional funds with the City. 14 by the following vote, to wit: l8 the City of Carlsbad, California on the 13th day of DECEMBER , 1994 17 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council o 16 described above, and to retain the bond counsel and special tax consultant. 15 7. That the staff will return with the documents necessary to form the CF[ I-9 1, AYES: Council Members Lewis, Nygaard, Kulchin, Finnila, Hall 20 21 22 23 NOES: None ABSENT: None 24 25 ATTEST: 261 " UB- 27 I AI-ETHA L. RAUTENKRANZ, City Clerk 28 /I (SEAL) Location 1 1,2,4-7 10-1 1 12A 128 12c 12D 12E 13 14 15 16 CC Locat ion 3 8 0 0 ATTACHMENT "A" IMPROVEMENTS RECOMMENDED FOR FUNDING Description Traffic Signal at Cannon Road and Armada Drive Armada Drive from Cannon Road to Palomar Airport Road, including wet and dry utilities, surface improvements, roadway grading. Hidden Valley Road from Palomar Airport Road to Carlsbad Ranch property line, including surface improvements, wet and dry utilities, and roadway grading for full width improvements. Construction at Paseo del Norte/Palomar Airport Road intersection, including widening for right turnpocket, utility relocation, and traffic signal modifications. Construction at Palomar Airport Road/Armada Drive intersection, including median modification widening for right turn pocket, utility relocations, and traffic signal modification. Palomar Airport Road/Hidden Valley Road intersection, including median reconfiguration and new traffic signal. Conversion of overhead electric lines to underground along Palomar Airport Road from Paseo del Norte to Armada Drive. Conversion of overhead electric to underground along Palomar Airport Road, from Armada Drive to College Boulevard. Sidewalk along existing Paseo del Norte, east side, from Car County Drive to Palomar Airport Road. Cannon Road widening from Paseo del Norte to Car Country Drive. Cannon Road full improvements and grading from Car Country Drive to Armada Drive. Cannon Road from Armada Drive to the east boundary of Property 11 as shown on the attached map. Weconfiguration of LEGO Drive/Armada Drive intersection, including all removal and relocation costs for surface improvements and utilities, new surface improvements, wet and dry utilities, and roadway grading. This intersection will be constructed as a roundabout. IMPROVEMENTS NOT RECOMMENDED FOR FUNDING Description LEGO Drive, public portion along lot 10, including all wet and dry utilities, surface improvements, and roadway grading. LEGO Drive, dry utilities in private portion of LEGO Drive along lot 13. 0 1) 9 Interior road though the central office/industrial area of the project. Not Shown Cannon Lake: 2-60" culvert crossing at railroad (Carlsbad Ranch portion of cost is $300,000). Not Shown Erosion Control and NPDES facilities associated with public storm drain systems.