HomeMy WebLinkAboutCC Reso 2000-2 RESOLUTION NO. GO OD —
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CATHEDRAL CITY, CALIFORNIA, APPROVING A
JOINT FINANCING AGREEMENT BY AN D BETWEEN
THE CITY OF CATHEDRAL CITY ON BEHALF OF
COMMUNITY FACILITIES DISTRICT NO. 2000-1 AND THE
COACHELLA VALLEY WATER DISTRICT
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WHEREAS, the City Council of the City of Cathedral City, California (the
"City Council") has heretofore adopted Resolution No. 99-49 declaring its intention to
establish a community facilities district to be known as Community Facilities District No.
2000 -1 (Rio Vista Village) (the "District ") pursuant to the Mello -Roos Community
Facilities District Act of 1982 (the "Act ");
WHEREAS, pursuant to the Act, the District will be authorized to issue
special tax bonds secured by special taxes levied on property within the District to
finance certain facilities (the "Facilities "); and
WHEREAS, certain of the Facilities will be owned by the Coachella Valley
Water District ( "CVWD "); and
WHEREAS, pursuant to §53316.2, 53316.4 and 53316.6 of the Act, the
District and the CVWD are authorized to enter into a joint financing agreement with
respect to the Facilities that will be owned by the CVWD.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CATHEDRAL CITY, AS FOLLOWS:
SECTION 1 . RECITALS
That the above recitals are all true and correct.
SECTION 2 . APPROVAL OF JOINT FINANCING AGREEMENT
The City Manager and the City Engineer, and each of them singly, are
hereby authorized and directed to execute and deliver the Joint Financing Agreement
Between the City of Cathedral City on Behalf of Community Facilities No. 2000 -1 and
the Coachella Valley Water District, substantially in the form attached hereto as Exhibit
"A" (the "Joint Financing Agreement "), with such changes therein as may be agreed by
the City Manager and the City Engineer, or either of them, such agreement being
evidenced by the execution of said Joint Financing Agreement by the City Manager and
the City Engineer, or either of them.
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SECTION 3 . EFFECTIVE DATE
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This Resolution shall take effect upon adoption.
SECTION 4 . CERTIFICATION
The City Clerk shall certify to the passage and adoption of this resolution,
enter the same in the book for original Resolutions of the City, and make a minute of
passage and adoption thereof in the records of the proceedings of the City Council of
the City, in the minutes of the meeting at which this resolution is passed and adopted.
APPROVED AND ADOPTED this /7 7) day of 2000.
Gary Am , ayor
A ST:
Donna Velotta, City Clerk
APPROVED AS TO FORM:
ity Attorne
REVIEWED:
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Donald E. Bradley, Cit Manager
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EXHIBIT "A"
JOINT FINANCING AGREEMENT
BETWEEN THE CITY OF CATHEDRAL CITY
ON BEHALF OF THE COMMUNITY FACILITIES DISTRICT NO. 2000 -1
AND THE COACHELLA VALLEY WATER DISTRICT
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