HomeMy WebLinkAbout98-12 WHFA ResolutionRESOLUTION NO. WHFA 98-12
WINCHESTER HILLS FINANCING AUTHORITY A
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
AUTHORIZING THE LEVY OF A SPECIAL TAX IN
COMMUNITY FACILITIES DISTRICT NO. 98-1
(WINCHESTER HILLS)
WHEREAS, the Winchester Hills Financing Authority is the legislative body for Community
Facilities District No. 98-1 (Winchester Hills), created pursuant to the Mello-Roos Community
Facilities District Act of 1982, as amended (the [3Act[3); and
WHEREAS, the Board of Directors has enacted Ordinance No. WHFA 98-01 in accordance
with Government Code Section 53340 authorizing the levy of a special tax assessment on the
property located within the CFD; and
WHEREAS, the Board of Directors has completed all steps necessary to levy a special tax
assessment in accordance with the procedures set forth in the Act;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Winchester
Hills Financing Authority, acting as the legislative body for Community Facilities District No. 98-1
(Winchester Hills) as follows:
Section 1. Each of the above recitals is true and correct.
Section 2. Pursuant to the provisions of Resolution No. WHFA 98-11 and Ordinance No.
WHFA 98-01, there is to be levied an aggregate special tax of $901,061.89 on the parcels which
comprise the CFD for Fiscal Year 1998-99 as set forth on a magnetic tape to be provided by Albert
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 Ordinance No. WI-IFA 98-01, 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:
Ao
Payment of principal and interest on the outstanding authorized bonded
indebtedness.
Replenishment of the required bond reserve funds, or other reserve funds, if
necessary.
Payment of the administrative costs and incidental expenses of the CFD, as
provided in Resolution No. WHFA 98-11 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.
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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. 98-1 (Winchester
Hills)[] on the next County assessment roll on which taxes will become due.
Section 6. 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 7. The Authority Secretary shall certify adoption of the resolution.
PASSED, APPROVED AND ADOPTED this 28th day of July, 1998.
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STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA)
I, Susan W. Jones, Authority Secretary, DO HEREBY CERTIFY that the foregoing
Resolution No. WHFA 98-12 was duly adopted by the Board of Directors of the Winchester Hills
Financing Authority at a regular meeting thereof; held on the 28th day of July, 1998, by the following
vote of the Board of Directors:
AYES:
4 COUNCILMEMBERS: Ford, Roberts, Stone, Comerchero
NOES:
0 COUNCILMEMBERS: None
ABSENT: 1
COUNCILMEMBERS: Lindemans
~usan W. Jones, CMC
C~~k/Authority Secretary
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