HomeMy WebLinkAboutCC Res 5362 2005-07-11
RESOLUTION NUMBER 5362
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH, CALIFORNIA AUTHORIZING THE CITY
MANAGER TO EXECUTE ON BEHALF OF THE CITY THE
"DEPOSIT AND REIMBURSEMENT AGREEMENT IN
CONNECTION WITH PROPOSED CITY OF SEAL BEACH
COMMUNITY FACILITIES DISTRICT NO. CFD 2005-01
(PACIFIC GATEWAY BUSINESS CENTER)"
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WHEREAS, When the Boeing Integrated Defense Systems Specific Plan was approved,
it was contemplated that a Community Facilities District ("CFD") would
be created to help finance some of the public improvements necessary for
the effective development of the Project. The proposed CFD will include
all parcels located in Planning Areas 2 and 3 of the Boeing Integrated
Defense Systems Specific Plan (Pacific Gateway Business Center), and
bonds would be issued to finance certain public improvements (including
certain public improvements normally financed through development
fees); and
WHEREAS, An Agreement ("Deposit and Reimbursement Agreement in Connection
with Proposed City of Seal Beach Community Facilities District No, CFD
2005-01 (Pacific Gateway Business Center") has been prepared to allow
the City to retain appropriate financial and staff support consultants to
process the request to form a Community Facilities District for Planning
Areas 2 and 3 of the Boeing Integrated Defense Systems Specific Plan
(pacific Gateway Business Center); and
WHEREAS, Entering into this Agreement will establish the reimbursement process for I
all costs incurred by the City in processing the community facilities
district financing mechanisms,
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of
Seal Beach does hereby authorize the City Manager to execute on behalf of the City the
"Deposit and Reimbursement Agreement in Connection with Proposed City of Seal
Beach Community Facilities District No, CFD 2005-01 (Pacific Gateway Business
Center)",
BE IT FURTHER RESOLVED that the City Council of the City of Seal Beach
does hereby authorize staff to initiate the formation of a community facilities district
(CFD) and authorize staff and City Attorney to enter into appropriate agreements for
necessary consultant services.
PASSED, APPROVED AND ADOPTED by the City Council of the City of
Seal Beach at a meeting thereof held on the 11th day of Julv, 2005.
AYES: Council Members ~ --hlo h~~ ~ Jf4l~n lIAAi
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NOES: Council Members ~
ABSENT: Council Members ~1fl.. t I
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in a Devme, City Clerk
Resolution Number 5362
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
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I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that
the foregoing resolution is an original copy of Resolution Number 5362 on file in the
Office of the City Clerk, passed, approved and adopted by the City Council of the City of
Seal Beach at a meeting thereof held on the 11th day of Julv, 2005,
~"A MIJl6;"
Lin a Devine, City Clerk
City of Seal Beach
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