HomeMy WebLinkAboutCity Council - 2001-91 RESOLUTION NO. 2001-91
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH APPROVING AND AUTHORIZING
EXECUTION OF A DEVELOPER FUNDING AND
CONSTRUCTION AGREEMENT AND JOINT
COMMUNITY FACILITIES AGREEMENT
RELATING TO COMMUNITY FACILITIES
DISTRICT NO. 2000-1(GRAND COAST RESORT)
WHEREAS, there has been presented to the City Council (the "City Council") of the City
of Huntington Beach (the "City") an agreement entitled "Developer Funding and Construction
Agreement Relating to Community Facilities District No. 2000-1 (Grand Coast Resort) (the
"Funding Agreement") to be entered into between City, on behalf of Community Facilities
District No. 2000-1 (Grand Coast Resort), and PCH Beach Resorts, LLC (the "Developer") to be
served by City of Huntington Beach Community Facilities District No. 2000-1 (Grand Coast
Resort) of City(the "District"); and
Pursuant to the Funding Agreement, the City has formed the District for the purpose of
incurring bonded indebtedness to pay the costs of construction and acquisition of public facilities
described in the Funding Agreement; and
The District will levy and collect special taxes on the leasehold interest of Developer to
pay the principal and interest on the bonded indebtedness; and
There has also been presented to this meeting an agreement entitled "Joint Community
Facilities Agreement," among the City, the District, the Developer and the State of California
Department of Transportation(the "Joint Facilities Agreement"); and
The City Council has determined that the Funding Agreement and the Joint Facilities
Agreement should therefore be approved;
NOW, THEREFORE, the City Council of the City of Huntington Beach resolves that the
Funding Agreement and the Joint Facilities Agreement are approved and the City Administrator,
the Assistant City Administrator or Director of Administrative Services, are authorized to
execute and deliver the Funding Agreement and the Joint Facilities Agreement on behalf of City
in the form presented to the City Council at the meeting at which this resolution is adopted, with
such changes therein as the officer executing the same may approve, such approval to be
conclusively evidenced by the execution and delivery thereof
Res. No. 2001-91
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 19th day of November , 2001.
cut.
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk 41_21-a► City Attorneys
Ito
REVIEWED AND APPROVED: INIT TED AND APPROVED:
11
City ministrator ><recto of Economic Developmen
2
SF:2001 Resolution:CFD 2000-1 Deg'.Funding
Res. No. 2001-91
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 19th
day of November, 2001 by the following vote.
AYES: Green, Boardman, Cook, Garofalo, Dettloff, Bauer
NOES: None
ABSENT: Julien Houchen (out of room)
ABSTAIN: None
dmw-� r
City Clerk and ex-officio Cferk of the
City Council of the City of
Huntington Beach, California