HomeMy WebLinkAbout2003-03-11; City Council; Resolution 2003-0631
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RESOLUTION NO. 2003-063
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, TO APPROVE AND AUTHORIZE
REIMBURSEMENT AGREEMENTS WITH REDEEMER BY
THE SEA LUTHERAN CHURCH OF CARLSBAD AND
KEYSTONE CARLSBAD 28 LLC FOR FRONTAGE
IMPROVEMENTS ALONG POINSETTIA LANE REACH C,
PROJECT NO. 3673 AND APPROPRIATION OF FUNDS.
WHEREAS, the City of Carlsbad proposes to construct Poinsettia Lane Reach C,
Black Rail Road to just west of Ambrosia Lane, pursuant to City Project No. 3673; and
WHEREAS, Redeemer by the Sea Lutheran Church of Carlsbad (the "Developer") is the
Developer of the City approved project known as Carlsbad Tract 00-22, Redeemer by the Sea
(the "Project"); and
WHEREAS, Keystone Carlsbad 28 LLC (the "Developer") is the Developer of the City
approved project known as Carlsbad Tract 98-05, De Jong Residential Project (the "Project"); and
WHEREAS, the City Engineer has determined that having the frontage improvements
along Poinsettia Lane Reach C, which are a condition of Carlsbad Tract 00-22 and Carlsbad Tract
98-05, constructed by the City's contractor will expedite the construction of Poinsettia Lane
Reach C; and
WHEREAS, agreements with Redeemer by the Sea Lutheran Church and Keystone
Carlsbad 28 LLC for the reimbursement of costs for the design and construction of
Poinsettia Lane Reach C have been prepared; and
WHEREAS, an additional appropriation of $515,900 is required to complete the road
project; and
WHEREAS, approximately $344,500 of the additional appropriation will be funded by
developer deposits; and
WHEREAS, the remaining $171,400 will be loaned to the BTD #2 fund from the Gas Tax
fund; and
WHEREAS, there are sufficient Gas Tax funds for the loan to the BTD #2 project.
Ill
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
zalifornia, as follows:
1. That the above recitations are true and correct.
2. That the reimbursement agreements are hereby approved.
3. That the Mayor is hereby authorized to execute the reimbursement agreement with
3edeemer by the Sea Lutheran Church of Carlsbad, a California non-profit religious corporation.
reimbursement agreement with 4. That the Mayor is hereby authorized to execute the
(eystone Carlsbad 28 LLC.
5. That the Finance Director is authorized to loan $17
:he BTD #2 fund and appropriate $515,900 to the BTD #2 project.
'1,400 from the Gas Tax fund to
6. That estimated revenues of $344,500 will be budgeted for the developer deposits.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council
leld on the 11th day of MARCH , 2003 by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard
CLAUDE A. LEWIS, May&" "
ATTEST
Page 2 of 2 of Resolution No. 2003-063
(SEAL)