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HomeMy WebLinkAbout2025-050 - Resolution RESOLUTION NO. 2025-050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,CALIFORNIA, PROVIDING FOR THE LEVY OF MAXIMUM SPECIAL TAX"B" FOR COMMUNITY FACILITIES DISTRICT NO. 2000- 03(RANCHO SUMMIT) FOR FISCAL YEAR 2025/26 WHEREAS,the City Council of the City of Rancho Cucamonga,California,(hereinafter referred to as the "legislative body of the local Agency"), has initiated proceedings, held a public hearing, conducted an election and received a favorable vote from the qualified electors relating to the levy of a special tax in a Community Facilities District, all as authorized 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 for the State of California. This Community Facilities District shall hereinafter be referred to as Community Facilities District No. 2000-03B (Rancho Summit) (hereinafter referred to as the "District"); and WHEREAS, at this time, bonds have been authorized for purposes of financing the project facilities for said District; and WHEREAS,this legislative body, by Ordinance as authorized by Section 53340 of the Government Code of the State of California, has authorized the levy of a special tax to pay for costs and expenses related to said District, and this legislative body is desirous to establish the specific rate of the special tax to be collected for the fiscal year. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES: SECTION 1: That the above recitals are all true and correct. SECTION 2: That the specific rate and amount of the Special Tax"B"to be collected for Fiscal Year 2025/26 for the District are hereby determined and established as set forth Annual Status Report to this Resolution, which is attached hereto and incorporated herein by reference. SECTION 3: That the rate as set forth above does not exceed the amount as previously authorized by the Ordinance, and is not in excess of that as previously approved by the qualified electors of the District. SECTION 4: That the proceeds of Special Tax "B" shall be used, in whole or in part, for the following: A. Payment of costs and expenses of the operation and maintenance of authorized parks and parkways and incidental expenses pursuant to the Act; B. Payment of an amount necessary to fund or replenish an operating reserve for the costs of the operation of authorized parks and parkways; and C. Payment of a proportionate share of Administrative Expenses as such term is defined in the Modified Rate and Method. The proceeds of Special Tax"B"shall be used as set forth above,and shall not be used for any other purpose. SECTION 5: Special Tax"B"shall be collected in the same manner as ordinary ad valorem property taxes are collected,and shall be subject to the same penalties and same procedure and sale in cases of any delinquency for ad valorem taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative costs incurred in collecting any said special tax. Resolution No. 2025-050 — Page 1 of 3 SECTION 6: All monies above collected shall be paid into the District funds, including but not limited to, any special tax fund, bond fund, and reserve fund. SECTION 7: The County Auditor is hereby directed to enter in the next county assessment roll on which taxes will become due, opposite each lot or parcel of land effected in a space marked "public improvements, special tax", or by any other suitable designation, the installment of Special Tax"B," and for the exact rate and amount of said tax, reference is made to the attached Annual Status Report. SECTION 8: The County Auditor shall then,at the close of the tax collection period, promptly render to this Agency a detailed report showing the amount and/or amounts of such special tax installments, interest, penalties, and percentages so collected and from what property collected, and also provide a statement of any percentages retained for the expense of making any such collection. Resolution No. 2025-050 — Page 2 of 3 PASSED, APPROVED, and ADOPTED this 16th day of July, 2025. • WY/.. ennis Michael, ATTEST: Sevy, City C erk STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Kim Sevy, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 16th day of July, 2025. AYES: Hutchison, Kennedy, Michael, Scott, Stickler NOES: None ABSENT: None ABSTAINED: None Executed this 17th day of July, 2025, at Rancho Cucamonga, California. im Sevy, City er Resolution No. 2025-050— Page 3 of 3 CITY OF RANCHO CUCAMONGA MELLO-ROOS COMMUNITY FACILITIES DISTRICT NO. 2000-03B (RANCHO SUMMIT) ANNUAL STATUS REPORT JULY 2025 BACKGROUND On August 16, 2000, the City Council approved Resolution No. 00-149 and established Community Facilities District No. 2000-036, (the "District"). On October 11, 2000, the qualified electors of the District, being the owners of the land within the District, voted to approve the levy of a special tax to pay for certain public services and the administering of such District. On July 6, 2005, the City Council adopted Ordinance No. 744 approving the levy of the special tax and on September 21, 2005, approved Resolution No. 05-278 authorizing the issuance of bonds. The District was authorized to finance park improvements, including, clearing and grading of park sites, park hardscape and restrooms, street improvements and parkway hardscape landscaping of parks and parkways and park equipment with a useful life of five (5) years or more. The District is bounded by the San Bernardino National Forest to the north, the 210 Freeway to the south, Interstate 15 Freeway to the east and East to the west. Each fiscal year, all Taxable Property within the District shall be assigned to a Zone and further classified as Developed Property, Taxable Public Property, Taxable Property Owner Association Property, or Undeveloped Property and shall be subject to Special Taxes in accordance with this Amended and Restated Rate and Method of Apportionment. Residential Property shall be assigned to Land Use Classes 1 through 10 and Non-Residential Property shall be assigned to Land Use Class 11. Annually on July 1, the Maximum Special Tax "B" shall be increased based on the percentage change in the Consumer Price Index, with a minimum annual increase of two percent (2.0%) and a maximum annual increase of six percent (6.0%) per Fiscal Year. For FY 2025/26, the current rate provides sufficient revenues to meet the District's expenses and there is no need for an increase. The Maximum Special Tax "B" increased by 5.0% compared to FY 2024/25. Maximum Actual Assessment per Assessment per Fiscal Year CPI Rate EBU EBU 2021/22 4.00% $1,529.83 $1,529.83 2022/23 2.00% $1,560.43 $1,560.43 2023/24 5.00% $1,638.45 $1,560.43 2024/25 5.00% $1,720.38 $1,560.43 2025/26 5.00% $1,806.39 $1,560.43 Community Facilities District No. 2000-03B 1 Fiscal Year 2025/26 COMMUNITY FACILITIES DISTRICT NO. 2000.03B ANNUAL SPECIAL TAX FISCAL YEAR 2025/26 Land Use Maximum Class Description Residential Floor Area Special Tax B 1 - 10 Residential Property <1850 Sq. Ft to => 3,450 Sq. Ft $ 1,806.39 COMMUNITY FACILITIES DISTRICT NO. 2000-03B PROPOSED SOURCES AND USES OF FUNDS Fiscal Year 2025/26 Budget Sources Taxes: Estimated Assessments, Net of Estimated Delinquencies $ 561,760 Anticipated Prior Year Delinquencies Collection 4,940 Total Proposed Sources 566,700 Uses Personnel Services 297,700 Operations and Maintenance 55,000 Contract Services 230,770 Utilities 117,752 Assessment Administration 1,290 Admin./General Overhead 118,115 Total Proposed Uses 820,627 Contribution to/(Use of) Fund Balance $ (253,927) Community Facilities District No. 2000-03B 2 Fiscal Year 2025/26 _ao '= C• . 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