Loading...
HomeMy WebLinkAbout2001-01-09; City Council; Resolution 2001-93 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 RESOLUTION NO. 2001-g A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE EXECUTION OF A PETITION, WAIVER AND CONSENT TO CREATION OF A COMMUNITY FACILITIES DISTRICT AND AGREEMENT TO PAY FAIR SHARE COST OF UNIT 1 OF CT 90-03, WITH DANIEL T. SHELLEY. WHEREAS, the City of Carlsbad City Council (the “Council”) has required that the funding of improvements to segments of Ranch0 Santa Fe Road and Olivenhain Road (the “Improvements”) must be guaranteed before any development takes place in the area bounded by Local Facilities Management Zones 11 and 12, and portions of Zone 6; and WHEREAS, the Council has directed City staff to proceed with the formation of a Community Facilities District (CFD No. 2) to finance the Improvements; and WHEREAS, although the Council anticipates that CFD No. 2 will be formed in the future, I the Council is willing to consider alternative financing proposals during the period from the present to the formation date of CFD No. 2; and WHEREAS, the Council finds that the guarantee provisions related to the Improvements may be met through an interim financing program using an agreement between certain property owners and the City whereby the property owner agrees to prepay his/her fair share of costs associated with the Improvements; and WHEREAS, Daniel T. Shelley intends to build a 26 unit development in Local Facilities Management Zone 11 known as Unit 1 of the Shelley Property, CT 90-03, and WHEREAS, the City Engineer has determined that the Shelley development, as conditioned to construct a portion of the Improvements and to pay their fair share cost of the Improvements, will not create a major impact on the circulation system at the present time if the Shelley development is allowed to proceed; and WHEREAS, the Council finds that Daniel T. Shelley may enter into the attached Agreement to Pay Fair Share [Exhibit A (Shelley), attached hereto] in satisfaction of his obligations under the financing conditions for the Improvements. Ill Ill III 1 2 3 4 5 6 7 8 9 IO 11 12 13 16 18 24 25 26 27 28 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 “PETITION, WAIVER AND CONSENT TO CREATION OF A COMMUNITY FACILITIES DISTRICT AND AGREEMENT TO PAY FAIR SHARE”, Exhibit A (Shelley) attached hereto, is hereby approved. 3. That the Mayor is hereby authorized to execute the agreement attached as Exhibit A (Shelley) with Daniel T. Shelley. 4. That the City Clerk is hereby authorized to cause the agreement attached as Exhibit A (Shelley) to be recorded in the Office of the County Recorder of San Diego County, State of California, after the Mayor has executed said agreement. PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 9th dayof January , 2001 by the following vote, to wit: AYES: Council Members Lewis, Kulchin, Finnila, Nygaard and Hall. NOES: None ABSENT: None ATTEST: LORRAINE M. WOOD, City Clerk (SEAL) RESOLUTION NO. 2001-9 PG 2