HomeMy WebLinkAbout00-01 WHFA ResolutionRESOLUTION NO. WHFA 2000-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
WINCHESTER HILLS FINANCING AUTHORITY 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 "Act"); 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 $874,995.50 on the parcels
which comprise the CFD for Fiscal Year 2000-01 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. WHFA No. 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:
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.
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.
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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 25th day of July, 2000.
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I HEREBY CERTIFY that the foregoing Resolution no. WHFA 2000-01, was duly
adopted by the Board of Directors of the Winchester Hills Financing Authority at a regular
meeting thereof, held on the 25th day of July, 2000, by the following vote of the Board of
Directors:
AYES: 5 DIRECTORS:
Naggar, Pratt, Roberts, Stone, Comerchero
NOES: 0 DIRECTORS: None
ABSENT: 0 DIRECTORS: None
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