HomeMy WebLinkAbout2005-11-15; City Council; Resolution 2005-341I
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RESOLUTION NO. 2005-341
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, APPROVING THE LICENSE
AGREEMENT BETWEEN THE CITY OF CARLSBAD AND
THE CARLSBAD PUBLIC FINANCING AUTHORITY FOR
DEVELOPMENT OF THE MUNICIPAL GOLF COURSE
WHEREAS, the City of Carlsbad owns the property shown in
attached Exhibit A to License Agreement which is designated for the construction
Df a municipal golf course; and
WHEREAS, the Carlsbad Public Financing Authority (“Authority”)
rNas formed in 1999 as a joint powers authority by the City of Carlsbad (“City”) and
the Carlsbad Municipal Water District to finance, develop and operate the
proposed Carlsbad municipal golf course; and
WHEREAS, the Carlsbad Public Financing Authority approved the
plans and specifications for construction of the municipal golf course on May 3,
2005; and
WHEREAS, the City will ground lease the golf course property to the
Authority and the Authority will issue tax-exempt bonds to construct the golf
course, including the clubhouse, ancillary buildings and pads for two
commercial parcels; and
WHEREAS, the Authority will lease back the completed golf course
to the City which will utilize golf course revenue to make lease payments which the
Authority will utilize to meet its obligations on the bond issuance; and
WHEREAS, the City of Carlsbad and Carlsbad Public Financing
Authority have entered into a license agreement intended to authorize the
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Authority to utilize the golf course property for grading and development of the
course and improvements effective retroactive to May 3, 2005,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, California, as follows:
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2.
That the above recitations are true and correct;
That the License Agreement Between City Of Carlsbad and
Carlsbad Public Financing Authority for Development of the Municipal Golf Course
is hereby approved.
3. That the City Manager on behalf of the City of Carlsbad and in
his capacity as the Executive Director of the Carlsbad Public Financing Authority is
authorized to execute all contractual, land use, and real property interest
conveyance documents required in the future to implement development and
operation of the Carlsbad Municipal Golf Course.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
Carlsbad City Council held on the 15th day of November I
2005 by the following vote, to wit:
AYES: Council Members Lewis, Hall, Kulchin, Packard, Sigafoose
NOES: None
AlTEST
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