HomeMy WebLinkAbout2003-09-23; City Council; Resolution 2003-2461
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RESOLUTION NO. 2003-246
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, ACCEPTING THE CONSTRUCTION ,
OF CANNON ROAD REACH 2, SEGMENT 2, STA. 73+80 TO
11 1+66, AS COMPLETE, AUTHORIZING THE RECORDATION OF
A NOTICE OF COMPLETION AND AUTHORIZING REPAYMENT
OF A PORTION OF THE GENERAL FUND LOAN TO BRIDGE
REIMBURSEMENT PROJECT NO. 31 841.
AND THOROUGHFARE DISTRICT NO. 3, CT 97-16A, CIP
WHEREAS, the construction of Cannon Road Reach 2, Segment 2, Sta. 73+80 to 11 1+66
has been completed to the City’s satisfaction by Shea Homes Limited Partnership, a California
Limited Partnership; and
WHEREAS, Cannon Road, Reach 2, Segment 2, Sta. 73+80 to 11 1 +66 meets the criteria
Df a circulation element roadway as defined in the City’s General Plan and Council Policy No. 63;
and
WHEREAS, Council Policy No. 63 requires formal City Council acceptance of Circulation
Element roadways into the City’s street system; and
WHEREAS, the formal project Notice of Completion has been prepared; and,
WHEREAS, City Council has previously authorized the loan of $2 million in Gas Tax
revenues to Bridge and Thoroughfare District No.3 (“B&TD#3); and,
WHEREAS, a recently completed financial report of B&TD#3 concludes that only $1
million is required to complete the financing of the B&TD#3 improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
California, as follows:
1. That the above recitations are true and correct.
2. That the construction of the public improvements on Cannon Rd., Reach 2, Segment
2, specifically identified on drawing numbers 333-2G, 333-2GE and 396-2 is deemed complete
and is hereby accepted into the City’s street system.
3. The City Manager of the City of Carlsbad is hereby authorized and directed to execute
:he Acceptance of Public Improvements and the City Clerk is directed to record the Notice of
Zompletion on Cannon Rd., Reach 2, Segment 2, Sta. 73+80 to 11 1+66.
Y
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4. That all bonds on Project No. CT 97-16A, and CIP Reimbursement Project No. 31841
will be released in accordance with State Law and City Ordinances.
5. That the Finance Director is authorized to repay the Gas Tax fund $1 million from the
available funds within the B&TD#3 project account.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council
held on the 23rd day of SEPTEMBER , 2003 by the following vote, to wit:
AYES: Council Members Lewis, Hall, Packard
NOES: None R
ATTEST:
?a5e 2 of 2 of Resolution No. 2003-246
(SEAL)
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