HomeMy WebLinkAbout2001-02-20; City Council; Resolution 2001-521
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RESOLUTION NO?oo1-52
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE EXECUTION
OF AGREEMENT FOR REIMBURSEMENT OF COSTS FOR
THE CONSTRUCTION OF RANCH0 SANTA FE ROAD FROM
CALLE ACERVO TO THE NORTHERN BOUNDARY OF SHELLEY PROPERTY CT 90-03 WITH CONTINENTAL
RESIDENTIAL, INC., A CALIFORNIA CORPORATION
WHEREAS, Continental Residential, Inc. (the “Developer”) has agreed to grade and
construct Ranch0 Santa Fe Road full width improvements as shown on Drawing 380-IK
(the “Improvements”) from Calle Acervo to the Northern Boundary of the SHELLEY Property; and
WHEREAS, the City 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 it is anticipated that CFD No. 2 will be formed in the future, the City
Council is willing to consider alternative financing and construction proposals during the period
from the present to the formation date of CFD No. 2; and
WHEREAS, Continental Residential, Inc. intends to build a 218 unit development known
as Units 2, 3 and 4 of the Shelley Property, CT 90-03, (“Development”) in Local Facilities
Management Zone 11; and
WHEREAS, the City Engineer has determined that the Development is conditioned to
construct a portion of the Improvements and to pay their fair share cost of the Improvements, and
has agreed to construct additional improvements adjacent to the project obligation; and
WHEREAS, the City Council finds that Continental Residential, Inc. may enter into the
Agreement for Reimbursement of Costs for the Construction of Ranch0 Santa Fe Road from
Calle Acervo to the Northern Boundary of Shelley Property (the “Agreement”) (a copy of which is
attached hereto).
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 Agreement is hereby approved.
3. That the Mayor is hereby authorized to execute the agreement with Continental
Residential, Inc.
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1 4. That the City Clerk is hereby authorized to cause the executed Agreement to be
2 recorded in the Office of the County Recorder of San Diego County, State of California.
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4 PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council
held on the 20th day of February , 5 2001 by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Finnila, Nygaard and Hall. 6
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11 I ATTEST: 12
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14 LORdAIHE M. WOOD, City Clerk
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(SEAL)
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