HomeMy WebLinkAbout2000-02-08; City Council; Resolution 2000-551
2
3
4
5
6
7
a
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
I
w
CITY COUNCIL RESOLUTION NO. 2000-55
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD
CALIFORNIA APPROVING AN AMENDMENT TO THE AGREEMENT
WITH KEYSER MARSTON ASSOCIATES FOR CONTINUING
FINANCIAL SERVICES ASSOCIATED WITH THE REQUIRED
FINANCIAL DOCUMENTS FOR THE FORMATION OF AN
INFRASTRUCTURE FINANCING DISTRICT
WHEREAS, The City of Carlsbad has entered into a development
agreement with the LEGO Park Planning, dated January 6, 1996, and
WHEREAS, Section 3.2.7 of said development agreement states that the
parties agree to consider the formation of an Infrastructure Financing District (IFD) to
assist with the funding of public improvements within and around the Carlsbad Ranch
project serving the LEGO park parcel, and
WHEREAS, prior to entering into the process of forming an IFD it is
necessary for the City to test the financial feasibility of the project, and
WHEREAS, if the project is found to be feasible, and the City Council
elects to proceed with the formation of the IFD, state law requires that a formal financing
plan be submitted with the formation documents, and
WHEREAS, Keyser Marston has completed a financing plan and their
services regarding the plan will continue to be needed in the IFD formation process, and
WHEREAS, the City will require the continued assistance of legal counsel
in the review of information prepared by Keyser Marston, and in the formation of any
subsequent infrastructure financing district.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of
the City of Carlsbad, as follows:
1. That the above recitations are true and correct.
2. That the Mayor is hereby authorized to execute an amendment to the agreement with
Keyser Marston for continued services related to the preparation of a financing plan
related to the formation of an IFD.
I
I
I
I
I
t
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1
w e
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City
Council of the City of Carlsbad on the 8th day of Februaryiooo, by the following vote,
to wit:
AYES: Councilmembers Lewis, Hall, Finnila, Nygaard.
NOES: None.
ABSENT: Kulchin.
ATTEST:
Karen R. Kundtz, Assistant City Clerk
FILE: Library - Latest AB LEG0 ROI IFD