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HomeMy WebLinkAbout00-172 - Resolutions RESOLUTION NO. 00-172 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,CALIFORNIA,DECLARING INTENTION TO ISSUE BONDS SECURED BY SPECIAL TAXES TO PAY FOR THE ACQUISITION OF CERTAIN FACILITIES IN COMMUNITY FACILITIES DISTRICT NO. 2000-01 (SOUTH ETIWANDA) WHEREAS, the CITY COUNCIL of the CITY OF RANCHO CUCAMONGA, CALIFORNIA(the"City Council'), has initiated proceedings to create a Community Facilities District pursuant to the terms and provisions of the "Mello-Roos Community Facilities Act of 1982", being Chapter 2.5, Part 1, Division 2,Title 5 of the Government Code of the State of California (the"Act') to finance the acquisition of certain authorized facilities. This Community Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES DISTRICT NO. 2000-01 (SOUTH ETIWANDA) (the "District'); and, WHEREAS, it is the intention of this legislative body to finance the acquisition of all or a portion of such facilities through the issuance of bonds,such bonds to be secured by special taxes to be levied on taxable property within the District, all as authorized pursuant to the Community Facilities District Act. NOW,THEREFORE, BE IT RESOLVED AND DETERMINED by the City Council of the City of Rancho Cucamonga as follows: SECTION 1: The above recitals are all true and correct. SECTION 2: This City Council declares that the public convenience and necessity requires that a bonded indebtedness be incurred to finance all or a portion of certain public facilities as proposed for the designated District. SECTION 3: The purpose for the proposed debt is to finance the acquisition of authorized public facilities consisting of the types of public facilities described in Exhibit A attached hereto and incorporated herein by this reference. SECTION 4: The amount of the proposed bonded indebtedness,including the cost of the facilities,together with all incidental expenses, contingencies and financing costs is generally estimated to be: $2,750,000 Resolution No. 00-172 Page 2 of 4 SECTION 5: NOTICE IS GIVEN THAT ON THE 18TH DAY OF OCTOBER, 2000, AT THE HOUR OF 7:00 O'CLOCK P.M. IN THE REGULAR MEETING PLACE OF THE LEGISLATIVE BODY, BEING THE COUNCIL CHAMBERS,CITY HALL, LOCATED AT 10500 CIVIC CENTER DRIVE, RANCHO CUCAMONGA, CALIFORNIA, A HEARING WILL BE HELD ON THE INTENTION OF THIS LEGISLATIVE BODY TO INCUR A BONDED INDEBTEDNESS TO FINANCE PUBLIC FACILITIES IN THE COMMUNITY FACILITIES DISTRICT BY THE LEVY OF A SPECIAL TAX. AT THE TIME AND PLACE FIXED FOR SAID PUBLIC HEARING ANY PERSONS INTERESTED, INCLUDING PERSONS OWNING PROPERTY WITHIN THE AREA, MAY APPEAR AND PRESENT ANY MATTERS RELATING TO THE PROPOSED INTENTION AND NECESSITY FOR INCURRING THE BONDED INDEBTEDNESS WHICH WILL PAY FOR ALL OR A PORTION OF THE PROPOSED PUBLIC FACILITIES AND WHICH WILL BE SECURED BYA SPECIAL TAX TO BE LEVIED WITHIN SAID COMMUNITY FACILITIES DISTRICT. SECTION 6: Notice of the time and place of the public hearing shall be given by the City Clerk by publishing a Notice of Public Hearing in a legally designated newspaper of general circulation, such publication pursuant to Section 6061 of the Government Code, with said publication to be completed at least seven (7) days prior to the date set for the public hearing. Please See Nest Page for Formal Adoption and Signatures Resolution No. 00-172 Page 3 of 4 PASSED, APPROVED, AND ADOPTED this 61 day of September 2000. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None Q William J. Alex er, ayor ATTEST: AFa' De'FaAdams C, City Clerk I, DEBRA J.ADAMS,CITY CLERK of the City of Rancho Cucamonga,California,do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 6`h day of September 2000. Executed this 7`h day of September, at Rancho Cucamonga, California. Zhza- beVrTJ. Adam(,PMC, City Clerk Resolution No. 00-172 Page 4 of 4 EXHIBIT "A" DESCRIPTION OF TYPES OF FACILITIES The types of public facilities proposed to be financed by the District shall include: Flood control and storm drain facilities and appurtenances.