HomeMy WebLinkAbout2020-01-28 - RESOLUTIONS - APPROVING THE EXECUTION AND DELIVERY OF A A PARKIN (2)RESOLUTION NO.20-5
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA,
CALIFORNIA, APPROVING THE EXECUTION AND DELIVERY OF A PARKING
MANAGEMENT SERVICES AGREEMENT, PARKING SPACES ACQUISITION
AGREEMENT AND EASEMENT AGREEMENT FOR SOLAR FACILITIES AND
COMMUNITY IDENTIFICATION SIGNAGE IN CONNECTION WITH THE
COOPER STREET PARKING FACILITY
WHEREAS, the Vista Canyon project was approved by City Council (the
"Council") of the City of Santa Clarita, California (the "City") on April 26, 2011; and
WHEREAS, on April 12, 2016, the Council approved a Funding and Acquisition
Agreement (the "Funding and Acquisition Agreement") in which the master developer of the
Vista Canyon project agreed to construct certain parking facilities and the City agreed to acquire
such parking facilities using proceeds of bonds issued by a proposed community facilities district
to be formed by the City; and
WHEREAS, following a public hearing and election, on April 12, 2016, a
community facilities district was formed, designated "City of Santa Clarita Community Facilities
District No. 2016-1 (Vista Canyon)" (the "CFD"), and the CFD was authorized to issue bonds
secured by special taxes within the CFD to fund up to three parking structures and a portion of a
multi -modal transit station, totaling up to $45 million; and
WHEREAS, the CFD is preparing to issue the first series of bonds (the Series
2020 Bonds") in an amount not to exceed $22 million, to acquire the first parking structure
pursuant to the Funding and Acquisition Agreement, which will be a City -owned public parking
garage with 84 dedicated spaces for the adjacent apartment complex and 529 public parking
spaces (the "Cooper Street Parking Facility"); and
WHEREAS, there have been submitted to this Council certain documents
providing for management of the Cooper Street Parking Facility, the acquisition of the 84
residential spaces and the easement for solar facilities and signage, and this Council, with the aid
of its staff, has reviewed said documents and found them to be in proper order.
NOW, THEREFORE, the City Council of the City of Santa Clarita, California,
does hereby resolve as follows:
SECTION 1. Approval of Parking_ Management Services Agreement. The
Council hereby approves the Parking Management Services Agreement for Parking Structure 1
(the "Parking Management Services Agreement") in substantially the foi n presented to this
Council and on file with the City Clerk. The Mayor, the City Manager, Assistant City Manager,
Director of Administrative Services or City Treasurer (each, a "Responsible Officer") is hereby
authorized to execute the Parking Management Services Agreement with such revisions,
amendments and completions as shall be approved by any Responsible Officer executing the
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same, with the advice of City Attorney, such approval to be conclusively evidenced by the
execution and delivery thereof.
SECTION 2. Approval of Parking Spaces Acquisition Agreement. The Council
hereby approves the Parking Spaces Acquisition Agreement in substantially the form presented
to this Council and on file with the City Clerk. Any Responsible Officer is hereby authorized to
execute the Parking Spaces Acquisition Agreement with such revisions, amendments and
completions as shall be approved by any Responsible Officer executing the same, with the
advice of City Attorney, such approval to be conclusively evidenced by the execution and
delivery thereof.
SECTION 3. Approval of Easement Agreement for Solar Facilities and
Community Identification Signage. The Council hereby approves the Easement Agreement for
Solar Facilities and Community Identification Signage in substantially the form presented to this
Council and on file with the City Clerk. Any Responsible Officer is hereby authorized to
execute the Easement Agreement for Solar Facilities and Community Identification Signage with
such revisions, amendments and completions as shall be approved by any Responsible Officer
executing the same, with the advice of City Attorney, such approval to be conclusively
evidenced by the execution and delivery thereof.
SECTION 4. Official Actions. Each Responsible Officer is hereby authorized
and directed, for and in the name and on behalf of the City, to do any and all things and take any
and all other actions, including the execution and delivery of any and all assignments,
certificates, requisitions, agreements, notices, consents, instruments of conveyance, warrants and
other documents; which they, or any of them, deem necessary or advisable in order to
consummate the transactions as described herein.
SECTION 5. Certification and Effective Date. The City Clerk shall certify to the
adoption of this resolution. This resolution shall take effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this 280' day of January 2020.
ATTEST:
CITY CLERK
DATE. �J
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— Z ZZO ��' �Z: ��'Z
MAY R
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Mary Cusick, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing
Resolution No. 20-5 was duly adopted by the City Council of the City of Santa Clarita at a regular
meeting thereof, held on the 28`h day of January 2020, by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
1
1
McLean, Miranda, Kellar, Weste, Smyth
None
None
CITY CLERK