HomeMy WebLinkAbout1998-06-16; City Council; Resolution 98-184T
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RESOLUTION NO. 98-184
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, APPROVING A REIMBURSEMENT
AGREEMENT AND APPROPRIATING FUNDS FOR THE
CONSTRUCTION OF HIDDEN VALLEY ROAD.
WHEREAS, the City Council of the City of Carlsbad, California, has previous
appropriated partial funding for the construction of Hidden Valley Road, north of Palom
Airport Road; and
WHEREAS, the Carlsbad Ranch Company, L.P., hereafter referred to as “Carlsb
Ranch,” has prepared a reimbursement agreement setting forth the terms and conditions of t
City’s reimbursement to Carlsbad Ranch for the City’s proportionate share of the costs f
Hidden Valley Road constructed in full by Carlsbad Ranch; and
WHEREAS, the Carlsbad City Council hereby finds it necessary, desirable, and in t
public interest to approve the reimbursement agreement with Carlsbad Ranch for the constructic
Hidden Valley Road.
NOW, THEREFORE, be it resolved as follows:
1. That the above recitations are true and correct.
2. That a reimbursement agreement with the Carlsbad Ranch Company, L.P.,
hereby approved and the Mayor is authorized to execute said agreement. Following the May01
signature of said agreement, the City Clerk is directed to forward copies of this Resolution a
the agreement to the Carlsbad Ranch Company, L.P., attention Mr. David C. Meyer, 561
Avenida Encinas, Suite 100, Carlsbad, California, 92008, and the Community Developme
Department.
3. That the City Council does hereby approve an advance of $972,000 fi-om t
General Fund to the Golf Course Fund and an appropriation of said amount to the project accol
to enable payment of the reimbursement amount under the terms of the aforemention
agreement.
Ill
Ill .
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PASSED, APPROVED, AND ADOPTED at a regular meeting of the Carlsbad Ci
Council held on the 16 day of June , 1998, by the following vote,
wit:
AYES: Council Members Lewis, Finnila, Nygaard, Hall & Kulchin
NOES: None
ABSENT: None
ATTEST:
(SEAL)
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