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Home My Public Portal About2009.216 (11-17-09)RESOLUTION NO. 2009.216 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE MAYOR-•TO"EXECUTE THE COVENANT AND AGREEMENT :BETWEEN THE CITY AND ~THE='DEVELO.PER OF THE PROPERTY LOCATED AT 11001 WRIGHT ROAD RELATIVE TO CONDITIONAL USE PERMIT NO. 2005 - 30 WHEREAS, On April 11, 2006, the Planning Commission approved Conditional Use Permit'No. 2005-30 for the development of nine residential condominium units; and WHEREAS, as ~a,result of the economic downfall the developer defaulted on its loan and Vineyard Barik took over the projects; which in turn 'was; taken over by California Bank~antl Trust, the new project owner; and - ` ~ 4i WHEREAS, to expedite completion of the off-site improvements for this project, California Trust and. Bank has requested that in lieu of doing the off-site pavement improvements, they will agree to submit to the City the .necessary funds for the improvements in the amount of $19,355; and WHEREAS, California Bank .and Trust has agreed and authorized the City to deduct said. amount from their existing right-of-way permit bond. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES. .HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: Section 1. That the Lynwood City Council authorizes the Mayor to execute the Agreement between the City and California Bank and Trust for .completion of off-site improvements required per conditional use permit no. 2005-30, in exchange for an in- lieu payment from California Bank and Trust to the City. The Agreement shall be in a form approved by the City Attorney. Section 2. Funds shall be used for roadway improvements purposes. Section 3. This resolution shall take effect immediately upon its adoption. Section 4. The City Clerk shall certify as to the adoption of this City Council Resolution.. .PASSED, APPROVED and ADOPTED this 17t" day of November, 2009. Maria T. Santillan Mayor ATTEST: r ~ Maria Quinonez, City Clerk APPROVED AS TO ..FORM: Fred Galante, City Attorney Roger L. aley, Ci y Manager APPROVED AS TO CONTENT: G. Daniel Ojeda, P.E irector of Public Works /City Engineer STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. I, the undersigned, City Clerk of the City of Lynwood, do -hereby certify that the foregoing Resolution was .passed and adopted by the City Council of the City of Lynwood at a.regular meeting held on the 17t" day of November, 2009.. AYES: COUNCIL MEMBERS FLORES, MORTON, RODRIGUEZ, CASTRO, AND SANTILLAN NOES: NONE ABSENT: NONE ABSTAIN: NONE ~~ M ria Quinonez, City Clerk ~~ ~~ STATE OF CALIFORNIA ) ,~ ~ ) SS. COUNTY OF .LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, .and the Clerk of the City Council of said City, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2009.216 on file~in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 17t" day of November, 2009.