RESOLUTION NO. ___
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE APPROVING A JOINT COMMUNITY FACILITIES AGREEMENT WITH RIVERSIDE UNIFIED SCHOOL DISTRICT AND VISTA EMERALD, LLC FOR COMMUNITY FACILITIES DISTRICT NO. 39 OF RIVERSIDE UNIFIED SCHOOL DISTRICT WHEREAS, the Governing Board of Riverside Unified School District (the “School District”) is forming Community Facilities District No. 39 of Riverside Unified School District, County of Riverside, State of California (the “CFD”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”) for the primary purpose of financing school facilities; and WHEREAS, pursuant to Section 53316.2 of the Act, a community facilities district is authorized to finance facilities to be owned or operated by an entity other than the agency that created the community facilities district pursuant to a joint community facilities agreement; and WHEREAS, the Governing Board of the School District and Vista Emerald, LLC, a California limited liability company (the “Property Owner”), the owner of the taxable property within the CFD, are considering the use of the CFD to finance the design, construction and/or acquisition of certain public facilities that will be constructed, owned and operated by the City of Riverside (the “City”) and have requested the City to enter into a joint community facilities agreement that would permit the CFD to finance such facilities, the form of which is on file with the City Clerk and which is incorporated herein by this reference (the “Joint Community Facilities Agreement”); NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF RIVERSIDE AS FOLLOWS:
1. Each of the above recitals is true and correct.
2. Pursuant to Section 53316.2 of the Act, this City Council hereby approves the Joint Community Facilities Agreement substantially in the form on file with the City Clerk and determines that the Joint Community Facilities Agreement will be beneficial to the residents of the territory served by the City and included within the jurisdictional boundaries of the CFD. The Mayor or the City Manager of the City and the City Clerk are hereby authorized and directed to execute and deliver the Joint Community Facilities Agreement in said form with such changes, insertions and omissions as may be approved by the officer or officers executing such agreement, said execution and delivery being conclusive evidence of such approval. Any document authorized herein to be signed by the City Clerk may be signed by a duly appointed deputy clerk.
3. This Resolution shall be effective upon its adoption.
ADOPTED by the City Council this 22nd day of February, 2022.
PATRICIA LOCK DAWSON
Mayor of the City of Riverside
ATTEST:
DONESIA GAUSE
City Clerk of the City of Riverside
CERTIFICATION
I, Donesia Gause, City Clerk of the City of Riverside, certify that the foregoing resolution was regularly and duly adopted by the City Council of the City of Riverside at a regular meeting held on the 22nd day of February, 2022, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAINED:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Riverside this ____ day of ___________, 2022.
DONESIA GAUSE
City Clerk of the City of Riverside
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