HomeMy WebLinkAbout03-30 TPFA ResolutionRESOLUTION NO. TPFA 03-30
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DECLARING
RESULTS OF SPECIAL ELECTION AND DIRECTING
RECORDING OFNOTICE OFSPEClALTAXLIEN
WHEREAS, in proceedings heretofore conducted by this Board of Directors pursuant to
the Mello-Roos Community Facilities Act of 1982, Section 53311 et seq. of the California
Government Code (the WLaw"), this Board of Directors on this date adopted a resolution entitled
WA Resolution of the Board of Directors of the Temecula Public Financing Authority Calling
Special Election Within Community Facilities District No. 03-06 (Harveston II)", calling for a
special election of the qualified electors within the Temecula Public Financing Authority
Community Facilities District No. 03-06 (Harveston II) (the "District"); and
WHEREAS, pursuant to the terms of said resolution, which are by this reference
incorporated herein, the special election was held on this date, and the Secretary has on file a
Canvass and Statement of Results of Election, a copy of which is attached hereto as Exhibit A;
and
WHEREAS, this Board of Directors has reviewed the canvass and hereby approves it.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Temecula
Public Financing Authority as follows:
Section 1. The issues presented at the special election were the incurring of a bonded
indebtedness in the maximum aggregate principal amount of $5,500,000, the levy of a special
tax within the District to be levied in accordance with the rate and method of apportionment of
special taxes heretofore approved by this Board of Directors by its resolution adopted this date
entitled "A Resolution of the Board of Directors of the Temecula Public Financing Authority of
Formation of Temecula Public Financing Authority Community Facilities District No. 03-06
(Harveston II), Authorizing Levy of a Special Tax Within the District, Preliminarily Establishing
an Appropriations Limit for the District and Submitting Levy of the Special Tax and the
Establishment of the Appropriations Limit to the Qualified Electors of the District", and the
approval of an appropriations limit of not to exceed $5,500,000 pursuant to said resolution.
Section 2. Pursuant to the canvass of the special election on file with the Secretary, the
issues presented at the special election were approved by the qualified electors of the District
by more than two-thirds of the votes cast at the special election.
Section 3. Pursuant to the voter approval, the District is hereby declared to be fully
formed with the authority to incur bonded indebtedness and to levy special taxes as heretofore
provided in these proceedings and in the Law.
Section 4. It is hereby found that all prior proceedings and actions taken by this Board
of Directors with respect to the District were valid and in conformity with the Law.
Section 5. The Secretary is hereby directed to execute and cause to be recorded in the
office of the County Recorder of the County of Riverside a notice of special tax lien in the form
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required by the Law, said recording to occur no later than fifteen days following adoption by the
Board of Directors of this Resolution.
Section 6. This Resolution shall take effect upon its adoption.
PASSED, APPROVED AND ADOPTED, by the Board of Directors of the Temecula
Public Financing Authority at a meeting held on the 25th day of November, 2003.
ATTEST:
~ F ~)~ffr~Y E. St°ne, ChairpersOn
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan Jones, Secretary of the Temecula Public Financing Authority, HEREBY DO
CERTIFY that the foregoing Resolution No. TPFA 03-30 was duly adopted at a special meeting
of the Board of Directors of the Temecula Public Financing Authority on the 25th day of
November, 2003, by the following vote:
AYES: 5 BOARDMEMBERS: Comerchero, Naggar, Roberts, Washington, Stone
NOES: 0 BOARDMEMBERS: None
ABSENT: 0 BOARDMEMBERS: None
ABSTAIN: 0 BOARDMEMBERS: None
Susan W./J~nes, CMC
ity Secretary
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EXHIBIT A
CANVASS AND STATEMENT OF RESULT OF ELECTION
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 03-06
(HARVESTON II)
I hereby certify that on November 25, 2003, I canvassed the returns of the special election held
on November 25, 2003, in the Temecula Public Financing Authority Community Facilities District
No. 03-06 (Harveston II) and the total number of ballots cast in said District and the total number
of votes cast for and against the measure are as follows and the totals as shown for and against
the measure are full, true and correct:
Qualified
Landowner Votes
Votes Cast YES NO
Temecula Public Financing Authority
Community Facilities District No. 03-
06 (Harveston II) Special Tax and
Bond Election November 25, 2003.
BALLOT MEASURE: Shall the Temecula Public Financing Authority (the "Authority")
incur an indebtedness and issue bonds in one or more series in the maximum aggregate
principal amount of $5,500,000, with interest at a rate or rates not to exceed the maximum
interest rate permitted by law at the time of sale of such bonds on behalf of the Temecula Public
Financing Authority Community Facilities District No. 03-06 (Harveston II) (the "District"), the
proceeds of which will be used only to finance the costs of certain public improvements as
specified in the Resolution of Formation of the District and the costs of issuing the bonds as well
as the establishment of appropriate bond and interest rate reserves; shall a special tax payable
solely from lands within the District be levied annually upon lands within the District to be
applied only to the payment of the principal and interest upon such bonds to be issued and to
replenish the reserves for the bonds and to pay the costs of the Authority and the City of
Temecula in administering the District, and shall the annual appropriations limit of the District be
established in the amount of $5,500,000?
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 25th day of November,
2003.
By:
Secretary,
Temecula Public Financing Authority
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