HomeMy WebLinkAbout1992-07-14 - RESOLUTIONS - CFD 92-1 (4)RESOLUTION NO. 92-14L
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA CLARITA, CALIFORNIA,
APPROVING THE FORMS OF JOINT FINANCING
AND ACQUISITION AGREEMENTS AND AUTHORIZ-
ING THEIR EXECUTION TOGETHER WITH OTHER
RELATED DOCUMENTATION IN CONNECTION WITH
COMMUNITY FACILITIES DISTRICT NO. 92-1 OF
THE CITY OF SANTA CLARITA (VALENCIA TOWN
CENTER)
WHEREAS, the City Council of the City of Santa Clarita,
California (the "Council"), by Resolution No. 92-109 hereto-
fore adopted by the Council on June 9, 1992, declared its
intention to form Community Facilities District No. 92-1 of
the City of Santa Clarita (Valencia Town Center) ("Community
Facilities District No. 92-1" or "CFD No. 92-1") pursuant to
the Mello -Roos Community Facilities Act of 1982, as amended
(the "Act"); and
WHEREAS, since several of the facilities to be financed
by the CED No. 92-1 will, upon their completion, be owned by
the State of California (the "State") and the County of Los
Angeles (the "County") and the Act requires that, in such
cases, an agreement be entered into with such public entities
taking title to the facilities, it is necessary to authorize
the execution of the Cooperative Financing Agreement, dated
as of
July
1,
1992
(the
"Cooperative
Financing Agreement"),
among
CFD
No.
92-1,
the
County and
The Newhall Land and
Farming Company ("Newhall"), the First Amendment to Highway
Improvement Agreement (the "First Amendment to Highway
^ Improvement Agreement") by and among the State, the Valencia
Company and CFD No. 92-1 and an Agreement For Acquisition,
dated as of July 1, 1992 (the "Agreement for Acquisition")
between CFD No. 92-1 and Newhall and certain other docu-
mentation in connection therewith;
NOW, THEREFORE, the City Council of the City of Santa
Clarita, California does hereby resolve, determine, and order
as follows:
Section 1: The foregoing recitals are true and correct
and the Council so finds and determines.
Section 2. The Cooperative Financing Agreement is
hereby approved and the Mayor and City Clerk are hereby
authorized and directed to execute, attest and seal the same
on behalf of CFD No. 92-1, in substantially the form now
before this Council, but with such changes, modifications,
additions or deletions therein as shall to them or bond
counsel seem necessary, desirable or appropriate, their
execution thereof to constitute conclusive evidence of their
approval of any and all changes, modifications, additions or
deletions therein from the form and content of the
Cooperative Financing Agreement now before this Council, and
that, from and after the execution, attestation, sealing and
delivery of the same, the Mayor and City Clerk are hereby
authorized, empowered and directed to do all such acts and
things and to execute all such documents as may be necessary
-2-
.-+ to carry out and comply with the provisions of the
Cooperative Financing Agreement as executed.
Section 3. The First Amendment to Highway Improvement
Agreement is hereby approved and the Mayor and City Clerk are
hereby authorized and directed to execute, attest and seal
the same on behalf of CFD No. 92-1, in substantially the form
now before this Council, but with such changes, modifi-
cations, additions or deletions therein as shall to them or
bond counsel seem necessary, desirable or appropriate, their
execution thereof to constitute conclusive evidence of their
approval of any and all changes, modifications, additions or
deletions therein from the form and content of the First
Amendment to Highway Improvement Agreement now before this
Council, and that, from and after the execution, attestation,
sealing and delivery of the same, the Mayor and City Clerk
are hereby authorized, empowered and directed to do all such
acts and things and to execute all such documents as may be
necessary to carry out and comply with the provisions of the
First Amendment to Highway Improvement Agreement as executed.
Section 4. The Agreement For Acquisition is hereby
approved and the Mayor and City Clerk are hereby authorized
and directed to execute, attest and seal the same on behalf
of the City, in substantially the form now before this
Council, but with such changes, modifications, additions or
deletions therein as shall to them or bond counsel seem
necessary, desirable or appropriate, their execution thereof
-3-
to constitute conclusive evidence of their approval of any
and all changes, modifications, additions or deletions there-
in from the form and content of the Agreement For Acquisition
now before this Council, and that, from and after the
execution, attestation, sealing and delivery of the same, the
Mayor and City Clerk are hereby authorized, empowered and
directed to do all such acts and things and to execute all
such documents as may be necessary to carry out and comply
with the provisions of the Agreement For Acquisition as
executed.
Section 5. The Mayor, City Clerk, their designees or
other appropriate officers of the City are hereby authorized
to execute and deliver for and on behalf of the City any and
all additional agreements, certificates, documents, opinions
or other papers and perform all other acts as they may deem
necessary or appropriate in order to implement and carry out
the intent and purposes of this resolution.
-4-
PASSED and ADOPTED by the City Council of the City of
Santa Clarita at a regular meeting held on the 14th day of
July , 1992.
CITY OF SANTA CLARITA,
CALIFORNIA
MA .
ATTEST:
ITY CLERK
-5-
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the City Council of the City of Santa Clarita,
California, at a regular meeting thereof, held on the 14th
day of July , 1992, by the following vote of the Council —
AYES: Councilmembers Boyer, Darcy, Heidt, Pederson, Klajic
NOES: Councilmembers None
ABSENT: Councilmemberse
C Y CLERK
I, DONNA GRINDEY, City Clerk of the City of Santa
Clarita, California, DO HEREBY CERTIFY that the above and
foregoing is a full, true and correct copy of Resolution No.
92-141 and that the same has not been amended or repealed.
DATED:
.--. 9/146/014040-0001/008
-6-
1992.-
Clarita, Califo