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Resolution Number 02-10-15-08RESOLUTION NO. 02-10-15-08 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO APPROVING A PROPERTY LEASE TO BE ENTERED INTO WITH THE SAN JUAN BASIN AUTHORITY AND APPROVING CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN ACTIONS IN CONNECTION THEREWITH WHEREAS, the City of San Juan Capistrano (the "City") is a municipal corporation, organized and existing under the laws of the State of California; and WHEREAS, the San Juan Basin Authority (the "Authority") and the City desire to enter into that certain Property Lease by and between the City and the Authority (the "Property Lease"), the form of which has been presented to the City Council of the City at the meeting at which this Resolution has been adopted, pursuant to which the City will agree to lease the Property (as defined in the Property Lease) to the Authority; and WHEREAS, the Authority and the City desire to enter into the Property Lease in order to permit the Capistrano Valley Water District (the 'Water District"), a subsidiary district of the City, as agent of the Authority to construct on the Property the improvements set forth in that certain Lease Agreement by and between the Water District and the Authority (the "Lease Agreement"), the form of which has been presented to the board of directors of the Water District at the meeting at which this Resolution has been adopted, pursuant to which the Water District will agree to lease the Project (as defined in the Lease Agreement) from the Authority and to pay certain Lease Payments (as defined in the Lease Agreement) in connection therewith; and WHEREAS, the City and the Authority possess all legal authority to and desire to enter into the Property Lease and to have the Authority to lease the Project to the Water District; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: 1. That the foregoing recitals are true, correct, and adopted. 2. That the proposed form of the Property Lease is hereby approved, substantially in the form presented at this meeting and the Mayor of the City (the "Mayor") and the City Manager or his designee, acting together or separately, are hereby authorized and directed for and in the name of the City to execute the Property Lease in substantially the form hereby approved, with such additions or deletions thereto and changes therein as are recommended or approved by such officers, such approval to be conclusively evidenced by the execution and delivery thereof. 10-15-02 3. That except as otherwise defined herein, capitalized terms used in this Resolution shall have the meanings given them in the Property Lease or the Lease Agreement. 4. That the Mayor, the City Manager, Treasurer and all other officers and employees of the City are hereby authorized and directed to execute all other documents and take all other actions on behalf of the City that may be necessary or advisable to carry out the transactions contemplated by the Property Lease and the Lease Agreement. 5. That this Resolution shall take effect upon adoption. PASSED, APPROVED AND ADOPTED, this 15th day of October 2002, ATTEST: MONAHAN, CITY CLERK CITY OF SAN JUAN CAPISTRANO WWI /7'�lL�m STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 02-10-15-08 was duly adopted by the City Council of the City of San Juan Capistrano at a regular meeting thereof, held the 15th day of October 2002, by the following vote: AYES: COUNCIL MEMBERS: Hart, Campbell, Gelff and Mayor Bathgate NOES: COUNCIL MEMBERS: Swerdlin ABSENT: COUNCIL MEMBERS: None MA G RET R. MONAHAN, City Clerk 2 10-15-02