HomeMy WebLinkAbout99-074 CC ResolutionRESOLUTION NO. 99-74
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
Fadlities Distdct No. 88-12 (Ynez Corridor), created pursuant to the Mello-Roos Community Fadlities
Distdct Act of 1982, as amended (the "Act"); and
WHEREAS, Board of Supervisors of the County of Riverside has enacted Ordinance No. 690
in accordance with Govemment 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 fodh 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 $1,657,133.91 on the parcels
which compdse the CFD for Fiscal Year 1999-00 as set forth on a magnetic tape to be provided by
Albed 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.
B. Replenishment of the required bond reserve funds, or other reserve funds,
if necessary.
C. Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. 98-41 and the Act.
The proceeds of the special tax levy shall be used as set fodh 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 CYnez Corridor)"
on the next County assessment roll on which taxes will become due.
Resos~99-74 1
Section 6. The County Auditor-Controller shall, at the dose of the tax collection pedod,
promptly render to the CFD a detailed repod showing the amounts of the special tax installments,
penalties, interest and fees collected, and from which propedies 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 cedify adoption of the resolution.
PASSED, APPROVED AND ADOPTED this 27th day of July, 1999 '7~<:~
~ve'e~j. Ford, Mayor
ATTEST:
Susan W Jone CMC
[SEAL]
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF TEMECULA)
I, Susan W. Jones, City Clerk of the City of Temecula, hereby do codify that the foregoing
Resolution No. 99-74 was duly adopted at a regular meeting of the City Council of the City of
Temecula on the 27t" day of July, 1999 by the following roll call vote:
AYES: 5
NOES: 0
ABSENT: 0
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
Comerchero, Lindemans, Robeds, Stone, Ford
None
None
S nes, CMC
ity Clerk
Re~o~%99-74 2