HomeMy WebLinkAbout09_069 CC ResolutionRESOLUTION NO. 09-69
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)
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. 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').
Section 2. 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.
Section 3. The City Council has completed all steps necessary to levy a
special tax assessment in accordance with the procedures set forth in the Act.
Section 4. 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
$1,577,721.00 on the parcels which comprise the CFD for Fiscal Year 2009/10 as set
forth on a magnetic tape to be provided by NBS to the Auditor-Controller of the County.
Section 5. 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 6. 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 forth above, and shall not be
used for any other purpose.
' Section 7. 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
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' 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.
Section 8. 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 9. The City Clerk shall certify adoption of the resolution.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 28th day of July, 2009.
Maryann Edwards, Mayor
ATTEST:
Susan . Jones, MMC
City Cle
[SEAL]
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' STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 09-69 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 28th day of July, 2009, by the
following vote:
AYES: 5 COUNCIL MEMBERS: Comerchero, Naggar, Roberts,
Washington, Edwards
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
Susan . Jones, MMC
J / ~ City Clerk
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