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HomeMy WebLinkAbout02-06 TPFA Resolution RESOLUTION NO. TPFA 02-06 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY DECLARING RESULTS OF SPECIAL ELECTION AND DIRECTING RECORDING OF NOTICE OF SPECIAL TAX LIEN WHEREAS, in proceedings heretofore conducted by this Board of Directors pursuant to the Mello-Roos Community Facilities Act of 1982, Section 53311 et seq. of the California Government Code (the "Law"), this Board of Directors on this date adopted a resolution entitled "A Resolution of the Board of Directors of the Temecula Public Financing Authority Calling Special Election Within Community Facilities District No. 01-2 (Harveston)", calling for a special election of the qualified electors within the Temecula Public Financing Authority Community Facilities District No. 01-2 (Harveston) (the "District"); and WHEREAS, pursuant to the terms of said resolution, which are by this reference incorporated herein, the 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 the canvass and hereby approves it. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Temecula Public Financing Authority as follows: Section 1. The issues presented at the special election were the incurring of a bonded indebtedness in the maximum aggregate principal amount of $25,000,000, the levy of a special tax within the District to be levied in accordance with the rate and method of apportionment of special taxes heretofore approved by this Board of Directors by its resolution adopted this date entitled "A Resolution of the Board of Directors of the Temecula Public Financing Authority of Formation of Temecula Public Financing Authority Community Facilities District No. 01-2 (Harveston), Authorizing Levy of a Special Tax Within the District, Preliminarily Establishing an Appropriations Limit for the District and Submitting Levy of the Special Tax and the Establishment of the Appropriations Limit to the Qualified Electors of the District", and the approval of an appropriations limit of not to exceed $25,000,000 pursuant to said resolution. Section 2. Pursuant to the canvass of the special election on file with the Secretary, the issues presented at the special election were approved by the qualified electors of the District by more than two-thirds of the votes cast at the special election. Section 3. Pursuant to the 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 Law. 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 Law. R:/TPFA Resos 2002/'rPFA Resos 02-06 1 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 Law, 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 ADOPTED, by the Board of Directors of the Temecula Public Financing Authority at a meeting held on the 26~h day of March, 2002. Ron Roberts, Chairperson ATTEST~ Susan W. Jon~s, CMC City ~lerk/Aut ry STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan Jones, Secretary of the Temecula PubJic Financing Authority, HEREBY DO CERTIFY that the foregoing Resolution No. TPFA 02-06 was duly adopted at a regular meeting of the Board of Directors of the Temecula Public Financing Authority on the 26th day of March, 2002, by the following vote: AYES: 4 BOARDMEMBERS: Comemhero, Naggar, Stone, Roberts NOES: 0 BOARDMEMBERS: None ABSENT: 1 BOARDMEMBERS: Pratt ABSTAIN: 0 BOARDMEMBERS: None ~~nes, C~-'~"~"~M C ~ JCl~rity Secretary R:/TPFA Resos 2002/TPFA Resos 02-06 2 EXHIBIT A CANVASS AND STATEMENT OF RESULT OF ELECTION TEMECULA PUBLIC FINANCING AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 01-2 (HARVESTON) I hereby certify that on March 26, 2002, I canvassed the returns of the special election held on March 26, 2002, in the Temecula Public Financing Authority Community Facilities District No. 01-2 (Harveston) and the total number of ballots cast in said District and the total number of votes cast for and against the measure ere as follows and the totals as shown for and against the measure are full, true and correct: Qualified Landowner Votes Votes Cast YES NO Temecuta Public Financing Authority Community Facilities District No. 01- 2 (Harveston) Special Tax and Bond Election March 26, 2002. 524 "~2'L~ ~' BALLOT MEASURE: Shaft the Temecula Public Financing Authority incur an indebtedness and issue bonds in one or more series in the maximum aggregate principal amount of $25,000,000, 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 Temecula Public Financing Authority Community Facilities District No. 01-2 (Harveston) (the "District"), the proceeds of which will be used only to finance the costs of certain public improvements and to defease certain bonds secured by a lien on property in the District as specified in the Resolution of Formation of the District and the costs of issuing the bonds as well as the establishment of appropriate bond and interest rate reserves; shall a special tax payable solely from lands within the District be levied annually upon lands within the District to be applied only to the payment of the principal and interest upon such bonds to be issued and to replenish the reserves for the bonds, to pay the costs of the services authorized to be funded by the District, and to pay the costs of the Authority and the City of Temecula in administering the District, and shall the annual appropriations limit of the District be established in the amount of $25,000,000? IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 26th day of March, 2002. Authority R:/TPFA Resos 2002JTPFA Resos 02-06 3