HomeMy WebLinkAbout2014-10-21; City Council; Resolution 2014-245EXHIBIT 1
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RESOLUTION NO. 2014-245
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3 APPROVING REIMBURSEMENT AGREEMENT FOR THE
CONSTRUCTION OF TRAFFIC SIGNAL AT THE INTERSECTION OF LA
4 COSTA AVENUE AND LEVANTE STREET FOR LA COSTA TOWN
SQUARE COMMERCIAL PROJECT NO. CT 01-09.
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- WHEREAS, the Property Owner, Property Development Centers, LLC, a Delaware b
7 limited liability corporation has executed a Reimbursement Agreement for the construction of
8 traffic signal at the intersection of La Costa Avenue and Levante Street for La Costa Town Square,
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Commercial (Agreement), and has submitted the Agreement to the City of Carlsbad for approval;
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and
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WHEREAS, the Property Owner has submitted this Agreement pursuant to
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.J2 Condition No. 45 of Planning Commission Resolution No. 6581; and
14 WHEREAS, staff recommends approval of this agreement in that it satisfies
Condition No. 45 of Planning Commission Resolution No. 6581.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
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California, as follows:
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1. That the above recitations are true and correct.
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2Q 2. That the Reimbursement Agreement for the construction of traffic signal
21 at the intersection of La Costa Avenue and Levante for La Costa Town Square Commercial, Project
No. CT 01-09 between Property Development Centers, LLC and the City of Carlsbad, which is
attached hereto and incorporated herein by reference, is hereby approved and the Mayor is
authorized and directed to execute said Agreement.
3. That the City Clerk is authorized to forward said Agreement to the Office
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27 of the County Recorder for recordation
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PASSED, APPROVED AND ADOPTED at a Regular Meeting ofthe City Council ofthe City
of Carlsbad on the 21st day of October 2014, by the following vote to wit:
AYES:
NOES:
Council Members Hall, Packard, Schumacher, Blackburn.
None.
ABSENT: Council Member Wood.
MATT HALL, Mayor
ATTEST:
,,,BAfi3ARA ENGLESON, City^Clerk