08-19-1991 - RegularMonday
August, 19, 1991
ADJOURNED REGULAR MEETING
OF THE
WEST COVINA CITY COUNCIL
A G E N D A
7:30 pm
Council Chambers
Agenda material is available in the City Clerk's Office for review, 1444 W. Garvey
Avenue, West Covina. For sign language interpreter services at Council meetings,
please call (818) 814-8433 (voice) or (818) 960-4422 (TTY) from 8 am to 5 pm Monday
through Friday. Four working days notice is required.
PLEDGE OF ALLEGIANCE
ROLL CALL Jennings, Herfert, Manners, McFadden, Tarozzi
I COMMUNITY FACILITIES DISTRICT NO. 91-1: SOUTH HILLS PARTNERSHIP
The City Council will review the issues relative to proposed
Community Facilities District 91-1 and consider the establishment
of conditions and parameters for the conceptual approval of
financing under the Mello -Roos Community Facilities District Act.
Recommendation is to take the following action:
Approve in concept a Community Facilities District for the South
Hills Project subject to the parameters outlined in the staff
reportcontingentupon developer compliance with the following
conditions to the satisfaction of the Bond Counsel and Financial
-Advisor:
Offer -of Dedication. That the developer be required to
submit an offer of dedication in a form acceptable to
both the City Council and Bond Counsel and an indemnifi-
cation agreement for the 42 lots within 2,000 foot radius
of the landfill prior to issuance of bonds.
Developer Financial Capability: That the developer submit
a fully detailed financial plan for the project together
with a verified financial statement both satisfactory to
the Bond Counsel and Financial Advisor prior to conclusion
of the hearing on the Resolution of Consideration or
approval of any agreements.
Adopt a Resolution of Consideration modifying the rate and
method of apportionment, reducing the maximum special tax
as outlined in the staff report and set October 1, 1991, as
the date for the public hearing thereon:
RESOLUTION NO. - A RESOLUTION OF CONSIDERATION OF
THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA,
ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY
FACILITIES DISTRICT NO. 91-1 OF THE CITY OF WEST COVINA
(SOUTH HILLS) TO ALTER THE EXISTING RATE AND METHOD OF
APPORTIONMENT OF THE SPECIAL TAX WITHIN COMMUNITY FACILITIES
DISTRICT NO. 91-1 OF Tlih: CITY OF WEST COVTNA (SOUTH HTLLS)
ACTION: Motion by 2nd by
to waive reading of the resolution and to
I certify that copies of the
Collncil Agenda for the meeting
of /9 were posted in
aocor :an s with the 1/87 Brown
Act Aincn:_rncnts.
adopt_ disapprove hold over
Dated:
Office of the City Cie-
CITY COUNCIL AGENDA
II ORAL COMMUNICATIONS
ADJOURNMENT
ACTION: Motion by
2nd by
to adjourn the meeting at pm.
August 19, 1991 Page 2
nwa;r ; ..
bs: s`t