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CC RES 1987-062RESOLUTION N0, 87 -62 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, ESTABLISHING PROCEDURES AND REQUIREMENTS FOR THE CONSIDERATION OF DEVELOPMENT AGREEMENTS PURSUANT TO CALIFORNIA GOVERN- MENT CODE SECTIONS 65864 THROUGH 65869.5 WHEREAS, California Government Code Sections 65864 through 65869.5 authorize the City to enter into development agreements to increase certainty in the approval of development projects, provide assurance to applicants that development projects may proceed as approved, and to provide for the financing of public facilities. THE CITY COUNCIL OF THE CITY OF RANCHO P ALOS VERDES RESOLVES AS FOLLOWS: Section 1: Pursuant to G City Council hereby authorizes agreements between the City of owners or other persons having property in the City of Rancho terms and conditions set forth overnment Code Section 65865 the and approves the use of development Rancho Palos Verdes and property a legal or equitable interest in Palos Verdes in compliance with the in this resolution. Section 2: In approving any development agreement the City shall comply with all of the regulations, rules and procedures set forth in California Government Code Sections 65864 through 65869.5 as now in effect or hereafter modified or amended by the Legislature. All development agreements must meet the requirements of State Law. Section 3: The decision to negotiate and /or enter into a development agreement shall be discretionary on the part of the City, and no property owner shall have a right or be able to require the City to enter into a development agreement for any parcel or parcels. Section 4: The Director of Environmental Services shall review at least every twelve (12) months each development agreement entered into by the City. At such periodic review the applicant or successor in interest thereto shall be required to demonstrate good faith compliance with the terms of the agreement. If, as a result of said periodic review, the Director finds and determines on the basis of substantial evidence that the applicant or successor in interest thereto has not complied in good faith with the terms and conditions of the agreement the Director shall refer the agreement to the City Council for review. If the City Council concurs with the Director's determination, the City Council may terminate or modify the agreement. Section 5: Any development agreement entered into by the City shall state the number of years for which it shall remain in full force and effect, and in no event shall it be effective for a term in excess of five (5) years unless renewed pursuant to these procedures. PASSED, APPROVED AND ADOPTED this 17th day of November, 1987. AYO ATTEST: _ CITY CLERK Sfate of California ) County of Los Angeles ) ss City of Rancho Palos Verdes) I, JO PURCELL, City Clerk of the City Council of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 87 -62 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on the 17th day of November, 1987, CI CLE K, CITY OF RA HO PALOS VERDES Resolution No.87 -62