HomeMy WebLinkAbout98-10 WHFA ResolutionRESOLUTION NO. WHFA 98-10
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
WINCHESTER IHLLS FINANCING AUTHORITY
DECLARING RESULTS OF SPECIAL ELECTION AND
DIRECTING RECORDING OF NOTICE OF SPECIAL TAX
LIEN
WI~JIEAS, in proceedings heretofore conducted by this Board of Directors pursuant to
Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California
Government Code (the "Act"), this Board of Directors on this date adopted a resolution entitled
"A Resolution of the Board of Directors of the Winchester Hills Financing Authority Calling
Special Election", calling for a special election of the qualified electors within the Winchester
Hills Financing Authority Community Facilities District No. 98-1 (Winchester Hills) (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 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, TItF~REFORE, BE 1T RESOLVED by the Board of Directors of the Winchester
Hills Financing Authority as follows:
Section 1. The issues presented at said special election were the incurring of a bonded
indebtedness in the maximum aggregate principal amount of $16,000,000, the levy of a special
tax within the District to be levied in accordance with the rate and method of apportionment
heretofore approved by this Board of Directors by its resolution adopted this date entitled "A
Resolution of the Board of Directors of the Winchester Hills Financing Authority of Formation
of Winchester Hills Financing Authority Community Facilities District No. 98-1 (Winchester
Hills), Authorizing Levy of a Special Tax Within the District and Preliminarily Establishing an
Appropriations Limit for the District", and the approval of an annual appropriations limit of not
to exceed $16,000,000 pursuant to said resolution.
Section 2. Pursuant to said Canvass on file with the Secretary, 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.
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Section 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 in these proceedings and in the Act.
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 Act.
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
required by the Act, 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 ADOPTF~D, by the Board of Directors of the Winchester
Hills Financing Authority at a regular meeting held on the 14th day of April, 1998.
Jeff Comerchero, Chairperson
AWFEST:
AcfiTIJ~'Authori~y Sec~'/y/City Clerk
.ISm, ALl
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, Secretary of the Winchester Hills Financing Authority, HEREBY DO
CERTIFY that the foregoing Resolution No, WHFA 98-10 was duly adopted at a regular meeting
of the Board of Directors of the Winchester Hills Financing Authority on the 14th day of April,
1998, by the following roll call vote:
5 BOARDMEMBERS:
Ford, Lindemans, Roberts, Stone, Comerchero
NOES:
0 BOARDMEMBERS: None
ABSENT: 0 BOARDMEMBERS: None
( Susa~ W. Jones, CMC
cting Authofi-ty. Secretary/City Clerk
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EXHIBIT A
CANVASS AND STATEMENT OF RESULT OF ELECTION
WINCHESTER HILLS FINANCING AUTHORITY
Community Facilities District No. 98-1
(WINCHESTER HILLS)
I hereby certify that on April 14, 1998, I canvassed the returns of the election held on
April 14, 1998, in the Winchester Hills Financing Authority Community Facilities District No.
98-1 (Winchester Hills) 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 Votes
Landowner Cast
Votes
YES NO
Winchester Hills Financing Authodty
Commllnity Facilities District No. 98-1
(Winchester Hills) Special Tax Election,
April 14, 1998.
549
11AI..ZOTMEASURE: Shah the Winchester Hills Financing Authority incur an indebtedness
and issue bonds in the maximum aggregate principal amount of $16,000,000, 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 Winchester Hills Financing Authority Community Facilities District No. 98-1
(Vf~r Hill.q) (the "District"), the proceeds of which will be used to retinanee certain assessment
liens described in the proceedings to form the District; shall a special tax payable solely from lands
within fl~e District be levied annually upon lands within the District to pay for the principal and interest
upon such bonds and the costs of the City of Temecula and the Authority in administering the District,
and shall the annual appropriations limit of the District be established in the amount of $16,000,0007
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 14th day of
April, 1998.
By:
Susan W. Jones, CMC
Acting Authority Secretary/City Clerk
Winchester Hills Financing Authority
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