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HomeMy WebLinkAboutResolutions - No. 2021-294RESOLUTION NO. 2021-294 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE A REIMBURSEMENT AGREEMENT WITH ENCORE CAPITAL GROUP, INC., FOR ANNEXATION ENTITLEMENT PROCESSING AND REVIEW OF VARIOUS MASTER PLANS FOR THE PROPOSED VINEYARD VALLEY PROJECT AT 1890 EAST HARNEY LANE WHEREAS, the City of Lodi has been participating in preliminary discussions with Encore Capital Group, Inc., regarding the Vineyard Valley Project located at 1890 East Harney Lane, centered on the annexation entitlement process and the requirements for providing services to the Project; and WHEREAS, the project includes approximately 760 units with a mixture of market rate, active adult and affordable product, along with a detention basin / park and recreation center, and linear park location, currently not located in the City limits; and WHEREAS, the Reimbursement Agreement provides the City with a means of recovering the staff costs associated with the Project during the annexation entitlement process that can take up to two years to complete; and WHEREAS, staff recommends that the City Council authorize the City Manager to execute a Reimbursement Agreement with Encore Capital Group, Inc., for the annexation entitlement processing and review of various master plans for the proposed Vineyard Valley Project at 1890 East Harney Lane. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to execute a Reimbursement Agreement with Encore Capital Group, Inc., for the annexation entitlement processing and review of various master plans for the proposed Vineyard Valley Project at 1890 East Harney Lane; and BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol Manual (Res. No. 2019-223), the City Attorney is hereby authorized to make minor revisions to the above -referenced document(s) that do not alter the compensation or term, and to make clerical corrections as necessary. Dated: November 3, 2021 I hereby certify that Resolution No. 2021-294 was passed and adopted by the City Council of the City of Lodi in a regular meeting held November 3, 2021, by the following vote: AYES: COUNCIL MEMBERS — Chandler, Hothi, Khan, Kuehne, and Mayor Nakanishi NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None i JENNIFER USMIR City Clerk 2021-294