HomeMy WebLinkAbout01-01 WHFA ResolutionRESOLUTION NO. WHFA 01-01
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-t
(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 $855,052.01 on the parcels
which comprise the CFD for Fiscal Year 2001-02 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.
ATT~EST: ....
~rl~(?,Autl~,o rity Secretary
PASSED, APPROVED AND ADOPTED this 10th day of July, 2001.
///,~ Comerchero, Chairperson
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, Authority Secretary, HEREBY CERTIFY that the foregoing
Resolution No. WHFA 2001-01, was duly adopted by the Board of Directors of the Winchester
Hills Financing Authority at a regular meeting thereof, held on the 10th day of July, 2001, 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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