2006-01 RESOLUTION NO. 2006- of
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE,
CALIFORNIA, AUTHORIZING AN INCREASE IN
APPROPRIATION OF $448,381 FOR PAYMENT OF
ADDITIONAL CAPITAL IMPROVEMENT FEES FOR THE
BLUE MOUNTAIN SENIOR VILLA'S PROJECT
WHEREAS, the Community Redevelopment Agency is in agreement with
Corporation for Better Housing (CBH)to construct a 120 unit senior housing complex and
a new senior center; and
WHEREAS, the City Council adopted a new capital improvement fee ordinance
increasing the fees for residential and commercial development; and
WHEREAS, underthe new fee structure the senior housing project will be required
to pay$1,457,877 in capital improvement fees,an unanticipated increase of$560,477;and
WHEREAS,the increased capital improvementfees was not a budgeted item in the
original pro forma and the Agency and CBH propose to split the added fees 80% Agency
($448,381); 20% CBH ($112,095);
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE
does hereby resolve, declare determine, and order as follows:
SECTION 1. The Community Redevelopment Agency of the City of Grand Terrace
agrees to appropriate$448,381 for payment of additional capital improvement fees for the
Blue Mountain Senior Villa's Project.
SECTION 2. This resolution shall be in full force and effect upon its adoption.
PASSED, APPROVED AND ADOPTED this 11" day of May, 2006.
P
Mayor of e City of Grand Terrace
ATTEST:
City Clerk of the City of Grand
Terrace
I, BRENDA MESA, City Clerk of the City of Grand Terrace, do hereby certify that
Resolution No. 2006- 01 was introduced and adopted at a regular meeting of the City
Council of the City of Grand Terrace held on the 11" day of May, 2006, by the following
vote:
AYES: Councilmembers Hilkey, Garcia and Miller; Mayor Pro Tem Cortes,
and Mayor Ferre
NOES: None
ABSENT: None
ABSTAIN: None
AAPnAfY)���
Brenda Mesa, City Clerk
Approved as to form:
City Attorney