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HomeMy WebLinkAbout2025-71 CC Resolution RESOLUTION NO. 2025-71 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA APPROVING A STREET LIGHT PUBLIC IMPROVEMENT DEFERRAL AGREEMENT BETWEEN THE CITY OF TEMECULA AND DIAZ RE HOLDINGS 2, LLC FOR PUBLIC IMPROVEMENTS RELATED TO THE TESLA SERVICE CENTER PROJECT THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Approval of Agreements. The City Council hereby approves the agreement entitled"Street Light Improvement Deferral Agreement"between the City of Temecula and Diaz RE Holdings 2, LLC for public improvements related to the Tesla Service Center Project, and authorizes the Mayor to execute the Agreement on behalf of the City in the form presented to the City Council with such non-substantive changes as may be approved by the City Attorney as necessary and convenient to implement the purposes of the Agreement. Section 2. City Manager Authority. The City Manager is authorized and directed to take all actions necessary and convenient to implement the Agreement and to enter into such additional agreements as may be necessary and convenient to implement the agreements,including but not limited to, executing operating memoranda and agreements, certifications, escrow, amendments to the Agreement, and similar agreements and actions. Section 3. Certification. The City Clerk shall certify the adoption of this resolution. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 28th day of October 2025. Brenden Kalfus, Mayor ATTEST: pp Randi Jo 11,1" Clerk [SEAL] STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 2025-71 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 28th day of October, 2025, by the following vote: AYES: 5 COUNCIL MEMBERS: Alexander, Kalfus, Rahn, Schwank, Stewart NOES: 0 COUNCIL MEMBERS: None ABSTAIN: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None I Randi Johl, City Clerk 2