HomeMy WebLinkAbout1988-09-20; City Council; 9641; ACCEPTANCE OF FUNDS TO ANALYZE LOCAL FACILITIES MANAGEMENT PLANS |LFMP| 11 AND 12 FINANCING PROPOSAL> at
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AB# 9bql TITLE: DEPT.
CITY 1 ACCEPTANCE OF FUNDS TO ANALYZE LFMP 11 AND 12 MTG. 9-ao-8g
DEPT. CM FINANCING PROPOSAL CITY !
RECOMMENDED ACTION:
ADOPT Resolution No. SS-33? accepting funds in the amount $50,000 for the purpose of analyzing the proposed financing plans for LFMP Zones 11 and 12.
ITEM EXPLANATION
On February 23, 1988, the City Council by the adoption of ReSQhtiQn NQL
88-46 and 88-47 approved the Local Facilities Management Plans for Zones
11 and 12. The specific conditions in these plans require the propert) owners to provide to the City a comprehensive financing program ta guarantee that public facilities needed in Zones 11 and 12 will be provided in compliance with the Growth Management Performance Standard: before any additional devel opment may be a1 1 owed.
The La Costa Ranch Company, as the major property owner in both Zones 1 and 12, have presented to the City a draft financing proposal. Thi: proposal has been presented to the other property owners in these zone:
attempting to comply with the City’s Growth Management Program and haw presented this financing proposal in an effort to comply with thi conditions contained in these zone plans. Consistent with the City’ policies, the La Costa Ranch Company is required to provide the fundinc necessary for this proposal to be more fully analyzed.
City staff has begun the initial review of this proposal and is requestinl that the City Council accept funds from the La Costa Ranch Company so tha a more thorough analysis may be undertaken. The acceptance of funds doe not in any way approve the ultimate financing mechanism which may be usel to fund future public facilities in this area of the City.
FISCAL IMPACT
In compliance with City policies, the La Costa Ranch Company will t required to pay the costs associated with the City’s review of thi financing proposal.
EXHIBIT
1. City Council Resolution No. 88-33?
for their review and comments. The property owners in Zones 11 and 12 ari
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RESOLUTION NO. 88 - '317
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO ACCEPT FUNDS IN THE AMOUNT OF $50,000 FOR THE PURPOSE OF REVIEWING AND ANALYZING THE PROPOSED FINANCING PLANS FOR LFMP 11 AND 12.
WHEREAS, on July 1, 1986, the City Council by the adoption c
Ordinance No. 9808 established a Growth Management Program for the Cit
of Carlsbad, and
WHEREAS, on September 23, 1986, the City Council adopted Resolutic
No. 8797, approved the Citywide Facilities and Improvements Plan whic
completed the first phase of the City's overall Growth Management Program
and
WHEREAS, on February 23, 1988, the City Council by the adoption o
Resolution Nos. 88-46 and 88-47 approved the Local Facilities Managemen
Plans for Zones 11 and 12, and
WHEREAS, the adoption of these Local Facil i ties Management P1 an
completed the second phase of the City's overall three-tiered Growt
Management Program. l8
19 NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of th ! ,I
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City of Carlsbad, California as follows:
1. That the above recitations are true and correct.
2. That the City Manager is authorized to accept funds from thc
La Costa Ranch Company for the purpose of analyzing the proposed financin!
plan for LFMP 11 and 12.
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PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsb
City Council held on the 20th day of September , 19
by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Lars
NOES: None
ABSENT: None
ATTEST:
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