HomeMy WebLinkAbout04-080 CC Resolution
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RESOLUTION NO. 04-80
A RESOLUTION OF THE CITY COUNCil OF THE CITY OF
TEMECUlA AUTHORIZING THE lEVY OF A SPECIAL TAX IN
COMMUNITY FACiliTIES DISTRICT NO. 88-12 (YNEZ
CORRIDOR)
WHEREAS, the City Council of the City Of Temecula is the legislative body for
Community Facilities District No. 88-12 (Ynez Corridor), created pursuant to the Mello-Roos
Community Facilities District Act of 1982, as amended (the "Act"); and
WHEREAS, the Board of Supervisors of the County of Riverside has enacted Ordinance
No. 690 in accordance with Government Code Section 53340 authorizing the levy of a special
tax assessment on the property located within the CFD; and
WHEREAS, the City Council has completed all steps necessary to levy a special tax
assessment in accordance with the procedures set forth in the Act;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Temecula,
acting as the legislative body for Community Facilities District No. 88-12 (Ynez Corridor) as
follows:
Section 1.
Each of the above recitals is true and correct.
Section 2. Pursuant to the provisions of Resolution No. 98-41 and County of
Riverside Ordinance No. 690, there is to be levied an aggregate special tax of $1,691,140.86 on
the parcels which comprise the CFD for Fiscal Year 2004-05 as set forth on a magnetic tape to
be provided by Albert A. Webb Associates to the Auditor-Controller of the County.
Section 3. The special tax levy set forth above does not exceed the amount
previously authorized by County of Riverside Ordinance No. 690, and is not in excess of that
previously approved by the qualified electorate of the CFD.
Section 4. The proceeds of the special tax levy shall be used to pay, in whole or in
part, the costs of the following items:
A.
Payment of principal and interest on the outstanding authorized bonded
indebtedness.
Replenishment of the required bond reserve funds, or other reserve
funds, if necessary.
Payment of the administrative costs and incidental expenses of the CFD,
as provided in Resolution No. 98-41 and the Act.
B.
C.
The proceeds of the special tax levy shall be used as set forth above, and shall not be used for
any other purpose.
Section 5. The Auditor-Controller of the County is hereby directed to enter the
installment of the special tax for the exact rate and amount of the special tax levied in
accordance with this resolution for each lot or parcel of land affected in a space marked "CFD
No. 88-12 (Ynez Corridor)" on the next County assessment roll on which taxes will become due.
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Section 6. The County Auditor-Controller shall, at the close of the tax collection
period, promptly render to the CFD a detailed report showing the amounts of the special tax
installments, penalties, interest and fees collected, and from which properties they have been
collected. Any expenses to be paid to the Auditor-Controller for carrying out the foregoing
responsibilities shall be in accordance with a contract entered into between the CFD and the
Auditor, pursuant to Section 29304 of the Government Code.
Section 7. The City Clerk shall certify adoption of the resolution.
PASSED, APPROVED AND ADOPTED this 13th day of July, 2004.
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF TEMECULA
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I Susan W. Jones, CMC, City Clerk, HEREBY CERTIFY that the foregoing Resolution
No. 04-80 was duly adopted by the City Council of the City of Temecula at a regular meeting
thereof, held on the 13th day of July, 2004, by the following vote of the City Council:
COUNCILMEMBERS: Comerchero, Roberts, Stone, Washington
AYES: 4
NOES: 0
ABSENT:
ABSTAIN: 0
COUNCILMEMBERS: None
COUNCILMEMBERS: Naggar
COUNCILMEMBERS: None
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