HomeMy WebLinkAbout058-05RESOLUTION NO. 58-2005
AUTHORIZING THE TOWN MANAGER TO EXECUTE
A REIMBURSEMENT AGREEMENT FOR MEADOW LAKE DRIVE
IMPROVEMENTS-LAWRENCE ROAD BENEFIT DISTRICT
WHEREAS, on February 20, 1996, the Town of Danville created the Lawrence Road
Benefit District Reimbursement Agreement in order to help facilitate the construction of
needed public infrastructure in the Lawrence Road Specific Plan area; and
WHEREAS, the District was formed pursuant to the authority provided by Chapter 14
of the Danville Municipal Code and the Lawrence/Leema Road Specific Plan; and
WHEREAS, Karlskind Development has agreed to construct certain improvements in
Meadow Lake Drive as provided for by the District and the Specific Plan, subject to
reimbursement by the District for amounts exceeding Karlskind's fair share; and
WHEREAS, the District has sufficient funds reserved to reimburse Karlskind for the
Meadow Lake Drive Improvements; and
WHEREAS, the Town Council finds that the proposed improvements and
reimbursement agreement are consistent with Chapter 14 of the Danville Municipal
Code and with the provisions of the Lawrence Road Benefit District; now, therefOre, be
it
RESOLVED, that the Danville Town Council authorizes the Town Manager to execute
a Reimbursement Agreement for Meadow Lake Drive Improvements-Lawrence Road
Benefit District.
APPROVED by the Danville Town Council at a regular meeting on June 7, 2005, by the
following vote:
AYES: Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Stepper,
APPROVED AS TO FORM:
Andersen, Arnerich, Shimansky
MAYOR