HomeMy WebLinkAbout96-07 FA Resolution RESOLUTION NO. FA 96-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OLD
TOWN/WESTSIDE COMMUNffY FACILITIES DISTRICT FINANCING
AUTHORITY DECLARING RESULTS OF SPECIAL ELECTION AND
DIRECTING RECORDING OF NOTICE OF SPECIAL TAX LIEN
WHEREAS, in proceedings heretofore conducted by this Board of Directors of the Old
Town/Westside Community Facilities District Financing Authority (the "Authority") pursuant to
the Mello-Roos Community Facilities Act of 1982, as amended (the 'Act'), this Board of
Directors on this date adopted a resolution entitled 'A Resolution of the Board of Directors of the
Old Town/Westside Community Facilities District Financing Authority Calling Special Election',
calling for a special election of the qualified electors within the Old Town/Westside Community
Facilities District Financing Authority Community Facilities District No. 1 (Old Town Area
Public Improvements) (the 'District'); and
WHEREAS, pursuant to the terms of said resolution, which are by this reference
incorporated herein, said special election was held on this date, and the Secretary of the Authority
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 said Canvass and hereby approves it.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of the Old
Town/Westside Community Facilities District Financing Authority as follows:
I . The issues presented at said special election were the incurring of a bonded
indebtedness in the maximum aggregate principal amount of $27,500,000, the levy of a special
tax within the District to be levied in accordance with the formula heretofore approved by this
Board of Directors by its resolution adopted this date entitled 'A Resolution of the Board of
Directors of the Old Town/Westside Community Facilities District Financing Authority of
Formation of Old Town/Westside Community Facilities District No. 1 (Old Town Area public
Improvements), Authorizing Levy of a Special Tax Wi@ the District, Preliminarily Establishing
an Appropriations Limit to the Qualified Electors of the District", and the approval of an annual
appropriations limit of not to exceed $27,500,000 pursuant to said resolution.
2. Pursuant to said Canvass on file with the Secretary of the Authority, the issues
presented at said special election were approved by the qualified electors of the District by more
than two-thirds of the votes cast at said special election.
3. Pursuant to said 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
Resos.FA\96-07
in these proceedings and in the Act.
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 Act.
5.The Secretary of the Authority is hereby directed to execute and cause to be
recorded inthe office of the County Recorder of the County of Riverside a notice of special tax
lien in the form required by the Act.
PASSED, APPROVED AND ADOPTED, by the Board of Directors of the Old
Town/Westside Community Facilities District Financing Authority at a regular meeting held
on the 23rd day of April, 1996.
Patricia H. Birdsall, Chairperson
A'FTEST:
Jun@. -dreek, CMC
Athority Secretary/City Clerk
Resoo.FA\96-07 2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ss
CITY OF TEMECULA
1, June S. Greek, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. FA 96-07 was duly adopted at a regular meeting of the Board of
Directors of the Old Town/Westside Community Facilities District Financing Authority on the
23rd day of April, by the following roll call vote:
AYES: 4 BOARD MEMBERS: Birdsall, Ford, Roberts, Lindemans
NAYS: 0 BOARD MEMBERS: None
ABSENT: 0 BOARD MEMBERS: None
ABSTAINED: 1 BOARD MEMBERS: Stone
June S. Greek, CMC
Authority Secretary/City Clerk
Resom.FA\96-07 3
EXHIBIT A
CANVASS AND STATEMIENT OF RESULT OF SPECIAL ELECTION
Old Town/Westside Community Facilities District Financing Authority
Community Facilities District No. I
(Old Town Area Public Improvements)
I hereby certify that on April 23, 1996, I canvassed the returns of the special election
held on April 9, 1996, in the Old Town/Westside Community Facilities District Financing
Authority Community Facilities District No. I (Old Town Area Public Improvements) 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 ABSTAIN
Old Town/Westside Community
Facilities District Financing Authority
Community Facilities District No. 1
(Old Town Area Public Improvements)
Special Tax Election, April 23, 1996 186 186 184 2 None
BALLOT MEASURE: Shall the Old Town/Westside Community Facilities District
Financing Authority incur an indebtedness and issue bonds in one or more series in the
maximum aggregate principal amount of $27,500,000, 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 Old Town/Westside Community Facilities District Financing Authority Community
Facilities District No. 1 (Old Town Area Public Improvements) (the "District'), the proceeds
of which will be used to finance certain public improvements; shall a special tax payable solely
from lands within the District be levied annually upon lands within the District to pay for the
public improvements, the principal and interest upon such bonds and the costs of the
Authority, the City of Temecula and the District in administering the District, and shall the
annual appropriations limit of the District be established in the amount of $27,500,000?
INWITNESSWHEREOF,IHAVEHEREUNTOSETMYHANDthis23rd dayof
April -,1996.
By.
Secretary,
Old Town/Westside Community Facilities
District Financing Authority
Resos.FA\96-07 4