HomeMy WebLinkAbout1991-04-16; City Council; Resolution 91-120t-
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RESOLUTION NO. 91-120
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, DIRECTING STAFF TO
PROCEED WITH THE FORMATION OF A FINANCING
DISTRICT FOR THE CONSTRUCTION OF RANCHO SANTA
FE ROAD AND OLIVENHAIN ROAD
WHEREAS, the City of Carlsbad has demonstrated the need to improve
certain portions of Rancho Santa Fe Road and Olivenhain Road as shown in
Exhibit A attached hereto; and
WHEREAS, the cost and extent of this project make it necessary to pursue
a variety of financing alternatives including the formation of a 1913/1915 Act
Assessment District or a Mello-Roos Community Facilities District; and
WHEREAS, the City is particularly interested in ensuring that the property
owners included within any financing district are treated fairly and equitably with
respect to the cost of the improvements they are asked to fund through
assessments or taxes.
NOW THEREFORE BE IT RESOLVED by the City Council of the City ol
Carlsbad, California, as follows:
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2.
That all above recitations are true and correct.
The City Council finds that the construction of improvements tc
Rancho Santa Fe Road and Olivenhain Road as generally described in exhibit L
attached hereto meet the Citfs conditions for the use of tax exempt debt unde
the City Council policy No 33 and/or 38.
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3. The City Council finds that it is in the best interest of the City c
Carlsbad to proceed with the construction of said improvements in a time1
manner consistent with prudent fiscal management practices, and
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4. The City Council directs the City Manager to work with the
property owners affected by the proposed project to develop an acceptable
financing program. This program or a progress report shall be presented to the
Council by July 31, 1991.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad, California on the 16th day of April
-7 1991, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, Nygaard 2
NOES: None
ABSENT: None
ATTEST:
LI.#LtL 54- l?-
ALETHA L. RAUTENKRANZ
(SEAL)
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- EXHIBIT A a e
LOCATION MAP
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LEGEND
_-- - DISTRICT BOUNDARY - ROAD CONSTRUCTION
w
r PROJECT NAME PROJECT# E.
RANCHO SANTA FE ASSESSMENT DISTRICT 3190
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