HomeMy WebLinkAbout6050_CCv0001.pdf RESOLUTION NO. 6050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDLANDS APPROVING A DEPOSIT AND
REIMBURSEMENT AGREEMENT WITH BIXBY LAND
COMPANY AND MAKING CERTAIN APPOINTMENTS
WHEREAS, the City Council (the "City Council") of the City of Redlands (the "City")
has received from Bixby Land Company (the "Owner") a request to institute proceedings for the
establishment of a community facilities district (the"District");
WHEREAS, under the Mello-Roos Community Facilities Act of 1982 (the "Act"), the
City Council is authorized to establish the District;
WHEREAS, the City intends to proceed with the formation of the District, provided that
the Owner advance certain funds to the City to pay for costs incurred in connection with the
District;and
WHEREAS, the City must appoint a special tax consultant and an appraiser in connection
with the formation of the District;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDLANDS
DOES RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The foregoing recitals are accurate.
Section 2. The officers and employees of the City are authorized on behalf of the City to
incur certain expenses in connection with the formation of the District; provided that such
expenses are paid for from amount deposited by the Owner pursuant to a Deposit and
Reimbursement Agreement, dated as of July 2, 2002 (the "Deposit Agreement"), by and between
the City and the Owner. The Deposit Agreement, in substantially the form submitted to this
meeting, be and the same is hereby approved. The Mayor of the City, and such other members of
the City Council as the Mayor may designate, the City Manager of the City and the Finance
Director of the City, and such other officers of the City as the City Manager may designate, (the
"Authorized Officers") are, and each of them is, hereby authorized and directed, for and in the
name of the City, to execute and deliver the Deposit Agreement in the form submitted to this
meeting, with such changes, insertions and omissions as the Authorized Officer executing the
same may require or approve, such requirement or approval to be conclusively evidenced by the
execution of the Deposit Agreement by such Authorized Officer.
Section 3. David Taussig & Associates, Inc is appointed as the Special Tax Consultant
for the District and Bruce W. Hull & Associates, Inc. is appointed as the Appraiser for the
District. The Mayor of the City is authorized to execute agreements with such firms in
substantially the respective forms presented to this City Council.
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Section 4. The officers and employees of the City are hereby authorized and directed to
take all actions and do all things which they, or any of them, may deem necessary or desirable to
accomplish the purposes of this Resolution and not inconsistent with the provisions hereof.
Section 5. This Resolution shall take effect immediately upon its adoption.
Section b. The City Clerk shall certify to the passage and adoption of this Resolution and
enter it into the book of original resolutions.
PASSED, APPROVED AND ADOPTED this July 2, 2002.
t
Mayor
ATTEST:
City Clerk
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