HomeMy WebLinkAboutCity Council - 2000-83 RESOLUTION NO. 2000-83
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH REIMBURSING PLC LAND COMPANY THE
SUM OF $588,441.25 FROM THE TRAFFIC IMPACT FEE FUND FOR
STREET IMPROVEMENTS CONSTRUCTED BY PLC LAND COMPANY
ON EDWARDS STREET, BETWEEN ELLIS AVENUE AND INLET DRIVE
WHEREAS,by the terms of the Holly Seacliff Development Agreement No. 90-1 dated
November 5, 1990, Developer PLC Land Company("PLC Land Company") is obligated to
construct certain offsite arterial highway improvements to Edwards Street and Ellis Avenue for
the benefit of the City of Huntington Beach ("City"). The Development Agreement and a
separate February 20, 1996 Traffic Fee Credit and Reimbursement Agreement provide that PLC
Land Company's actual costs for these improvements (and the extension of Seapoint Street) are
to be reimbursed by the City, either through credits against traffic impact fees payable from
development in the Holly Seacliff Project Area, or from the City's Traffic Impact Fee Fund.
PLC Land Company has completed street, traffic signal, median and parkway
landscaping improvements on Edwards Street between Ellis Avenue and Inlet Drive. PLC Land
Company's verified actual costs for these improvements are $2,595,250.84. Of this amount,
$2,006,809.59 has been reimbursed through traffic impact fee credits. As of June 30, 2000, a
balance of$588,441.25 is owed to PLC Land Company.
The above-described agreements provide that the balance of any amounts due to PLC
Land Company is subject to an annual adjustment (interest) based on changes in the Engineering
News Record construction cost index. PLC Land Company has no additional developments
planned within the Holly Seacliff Project Area in the next year,therefore reimbursement through
additional traffic impact fee credits is not expected in the near future. PLC Land Company has
begun design work for improvements to the north half of Ellis Avenue between Edwards and
Goldenwest Streets, and construction is expected to begin by the end of this year. These costs
will also be 100 percent reimbursable.
For these reasons, and to avoid additional interest payments, City staff, in a report and
attachments to the City Council dated August 21, 2000, recommended payment of the current
balance of$588,441.15 to PLC Land Company at this time.
Per City Council action adopted March 1988, a new appropriation must meet one of the
following three criteria: (1) it is an unanticipated emergency; (2) it is required to implement
labor negotiations; or(3) it is a new expense that is offset by related new revenues. This request
is an unanticipated emergency as the dollar amount or project completion dates cannot be
budgeted.
NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
00reso/ple fee18/16/00 1
Res. No. 2000-83
The City's Director of Administrative Services is hereby authorized to appropriate the
sum of$588,441.25 from the Traffic Impact Fee Fund and to pay said sum to PLC Land
Company for the purpose of reimbursing PLC Land Company for its actual costs of construction
of street improvements on Edwards Street.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 21 st day of August 2000.
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ATTEST: ayor 'rem
City Clerk APPROVED AS TO FORM:
REVIEWED AND APPROVED: City,Attorney
��., f� *ROVED:
City Adnv6istrator7
Director of Public Works
00reso/plc fee/8/16/00 2
Res. No. 2000-83
STATE OF CALIFORNIA )
COUNTY OF ORANGE } ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of
the City of Huntington Beach, and ex-officio Clerk of the City Council of said
City, do hereby certify that the whole number of members of the City Council
of the City of Huntington Beach is seven, that the foregoing resolution was
passed and adopted by the affirmative vote of at least a majority of all the
members of said City Council at a regular meeting thereof held on the 29st
day of August, 2000 by the following vote:
AYES: Julien, Sullivan, Harman, Green, Dettloff, Bauer
NOES: None
ABSENT: Garofalo
ABSTAIN: None
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City Clerk and ex-officio C rk of the
City Council of the City of
Huntington Beach, California