HomeMy WebLinkAbout21419 - RESOLUTIONS - 10/5/2005RESOLUTION NO. 21419
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING AND
ORDERING THE EXECUTION OF THAT CERTAIN
ACQUISITION AND FUNDING AGREEMENT RELATING TO
COMMUNITY FACILITIES DISTRICT NO. 2005-2 (ESCENA)
OF THE CITY OF PALM SPRINGS; AND MAKING CERTAIN
FINDINGS AND DETERMINATIONS IN CONNECTION
THEREWITH.
WHEREAS, there has been filed with the City Clerk that certain Acquisition and Funding
Agreement (the "Agreement"), by and among the City of Palm Springs (the "City"),
Community Facilities District No. 2005-2 (Escena) of the City of Palm Springs (the
"District"), and Palm Springs Classic, LLC, MW Housing Partners III, L.P. and Standard
Pacific Corp., developers and owners of the real property described on Exhibit "A" hereto
and by this reference incorporated herein; and
WHEREAS, the City Council finds that the approval and execution of the Agreement is in
the best interest of the City and provides the means by which the City will acquire certain
public facilities and disburse certain funds from bonds to be issued by the District.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. That the recitals set forth hereinabove are true and correct in all respects.
Section 2. That the Agreement in the form on file with the City Clerk is hereby approved
in substantially the form thereof with such changes as may be approved by the City
Manager or Director of Finance & Treasurer, said City Manager's or Director of Finance &
Treasurer's signature to be conclusive evidence of approval of such changes.
Section 3. That the City Manager or Director of Finance & Treasurer of the City is
hereby authorized and directed to execute the Agreement for and on behalf of the City and
the; District.
ADOPTED this 51h day of October 2005.
ATTEST:
es Thompson, City IerC k
David H. Ready, City ager
Resolution No. 21419
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS)
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 21419 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on October 5, 2005, by the
following vote:
AYES: Councilmembers Foat, Mills, Pougnet and Mayor Pro Tern McCulloch
NOES: None
ABSENT: Mayor Oden
ABSTAIN: None
G/ James Thompson, City Clerk
City of Palm Springs, California
Resolution No. 21419
Page 3
EXHIBIT A
PROPERTY DESCRIPTION
The land referred is situated in the State of California, County of Riverside and is
described as the Land included on the Boundary Map of Community Facilities District No.
2005-2 (Escena) of the City of Palm Springs, recorded on July 28, 2005 in Book 63 at
Page 60 of the Maps of Assessment and Community Facilities Districts in the Office of the
County Recorder of the County of Riverside.