HomeMy WebLinkAbout94-135 - ResolutionsRESOLUTI(~NO. 94-135
A RESOLUTI~ OF T~E CITY OOL~W~L OF ~ CITY OF RANO~
CZ~%M~=A, ~, E~I~~G~SP~CIAL~AX
F~R~FAC~.TTIESD~CT NO.~-2(I~%%IN~GEAND
~EAS, the City Council of the City of Rancho
California, (hereinafter referred to as the "legislative body of the local
~3encf'), ~s initiated ~i=3s, held a ~ubli¢ hearing, omxk~d an
electic~ and received a favorable vote frc~ the qualified electors relating to
the levy of a m~'"~i;~l tax irl a C.-.~.~-~ity Facilities District, all as
authorized pursuant to the terms an~-~-~isic~s of the "Mello-Booe C~,m~nity
Facilities Act of 1982", ~ C~Dte~ 2.5, Part 1, Divisic~ 2, Title 5 of the
Govek~ent Oode for the State of California. ~ O'-.~-~ity Facilities
~ FACILITIES DISTRICT NO. 88-2
(Drainage and ~w ~f~)
~EAS, 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 coets and expenses relat~d to said ~C~mmm~ity
Facilities District, and this legislative body is desirous to establish the
specific rate of the special tax to be oollected for the next fiscal year.
NOW, THEREFORE, IT IS H~REBY RESOLVED AS FOLI/~S:
S~fION 1. That the above recitals are all true and c~rrect.
S~UIO~ 2. That the specific rate and amount of the special tax
to be collected to pay for the costs and expenses for the next Fiscal Year
1993/94 for the referenced district is hereby determl ~,'~ and established as
set fcx~h in the attached, referenced and incorporated Exhibit "A".
S~rION 3. That the rate as set forth above does not ex_~d~_ the
amount as previously authorized by Ordinance of this legislative body, and is
not in ~ of that as previously approved by the qualified electmrs of the
District.
S~CTIC~ 4. ~nat the proceeds of the special tax be used to pay,
in whole or in part, the oosts of the following, in the following cxder of
priority:
ae
Payment of principal of and interest on any
outst~ authorized ~
Neoe~ry replenishment of bond reserve funds or other
reserve funds;
Resolution No. 94-135
Payment of costs and expenses of authorized public
facilities and public servioes.
Repayment of advances and loar~s, if a~iate.
The prooeeds of the special taxes shall be used as set f~rthabove, and shall
not beusedf~ranyotherpurpcee.
the same penalties and same procedure and sale in cases of any delinquency for
ad v~lo~em ta~es, and the Tax ~ollector is hereby authorized to deduct
reasonable ad~tive costs incurred in oollecting any said special tax.
SECrI(~q 7. The Auditor of the County is he~ directed to enter
in the next county assesmment roll on whic~ taxes will ~ due, opposite
each lot or parcel of land effected in a space marked '~=ublic improvements,
special ta)d', or by any other suit_~ble designation, the installment of the
special tax, and for the exact rate and amotu%~ of said tax, referenc~ is made
to the attached Exhibit "A".
SECI~ON 8. The Omlnty Auditor shall then, at the close of the tax
collection period, promptly rende~ to this Agency a detailed report showing
the amount and/or amounts of such special tax installments, interest,
penalties and percentages so collected and fr~u what property collected, and
also Ufovide a statement of any peroentages retained for the expense of making
PASSIm), ~, and ADO~ this 6th day of July, 1994.
AYES: Alexander, Buquet, Gutierrez, Stout, Williams
B~}~a J. ~m~/City Clerk
Dennis L. Stout, Mayoi=
Resolution No. 94-135
I, DWR~A J. ADAMS, CITY ~RK of the City of Rancho O~a~"x~3a, California, do
ad~ by the City Council of the City of Rancho O~'~,~3a, Califcxnia, at a
reqular meeting of said City Oouncil held on the 6th day of July, 1994.
Executed this 7th day of July, 1994, at Rancho (~, California.
Resolutic~ No. 94-135
Pa 4
CITY OF RANCHO CUCAMONGA
COMMUNITY FACILITIES DISTRICT NO. 88-2
~rr ,,if,
The Resolution establishing the annual special tax refers to this Exhibit for an explanation
of the rate and method of apportionment of the Special Taxes for Fiscal Year 1994/95.
8PF~IAL TAX "A" - DRAINAGE FACILITIES
PROFERTY CARRIES
There are two categories of property subject to the levy of Special Tax "A", which are
identified as follows:
DEVELOPED PROPERTY
All property identified as a single Tax Assessors's parcel
for which property a bufiding permit has been issued as
of May 31 of any year.
UNDEVELOPED PROPERTY All other property, excluding property which, as of the
date of the election to authorize the levy of Special Tax
"A:, is: (l) owned by a public entity; (ii) owned by a
regulated public utility and being utilized for
transmission or distribution purposes; or (ill) zoned as
open space.
TAXING CLASSIFICATIONS AND
SPECIAL TAX "if' RATE8
The taxing classifications for the above Property Categories and the authorized Special Tax
"A" rates for Fiscal Year 1994/95 are as follows:
TaxirW Classffic-tion
Tax Rate
1. DEVELOPED PROPERTY
A. Residential Class I $944 per year
(More than 3,590 square feet of
dwelling unit living area) *
B. Residential II $699 per year
(3,077-3,589 square feet of
dwelling unit living area) *
C. Residential III $524 per year
(2,564-3,076 square feet of
dwelling unit living area) *
D. Residential Class IV $420 per year
(2,308-2,563 square feet of
dwelling umt living area) *
Resolutic~ No. 94-135
Page5
Taxip~ Classification
Eo
Residential Class V
(2,051-2,307 square feet of
dwelling unit living area) *
Tax Rate
$349 per year
F. Residential Class VI $245 per year
{Less than 2,051 square feet of
dwelling umt living area) *
Commercial or industrial property
$2,030 per acre per year **
UNDEVELOPED PROPERTY
All Undeveloped Property
$1,526 per acre per year ***
The square footage of dwelling unit living area shall mean the square footage of
internal living space, exclusive of garages and other structures not used as living
space, as shown on the bufidlng permit{s) issued for the dwelling unit.
The acreage of a commercial or industrial property shall mean the gross acreage
exclusive of any acreage dedicated or offered for dedication to a public agency.
The acreage of an Undeveloped Property shall be the gross acreage exclusive of any
acreage dedicated or offered for dedication to a public agency.
METHOD OF APPORTIONMENT OF SPECIAL TAX "~'
Special Tax "A" shall be levied annually on all taxable property within one of the above
identified Property Categories so long as Special Tax "A" revenues are necessary to pay
authorized expenses of the Community Facilities District related to the financing of
authorized public facilities, which may include, without limitation, payment of debt service
on any bonded indebtedness of the Community Facilities District; replenishment of any
required reserve fund for any such bonded indebtedness; funding of any required sinking
fund necessary to pay for future public facilities or debt service; or direct payment for public
facfiities (CFD Expenses").
The annual levy of Special Tax "A" shall be apportioned as follows:
STEP 1:
The Community Facilities District shall estimate the amount of CFD
Expenses which must be paid for from Special Tax "A" revenues collected
during the Fiscal Year for which the Special Tax "A" levy is to be established
(the "Required Special Tax "A" Revenue").
STEP 2:
That equal percentage of the Special Tax "A" rate, not to exceed 91% of the
maximum authorized Special Tax "A" rate, applicable to all Developed
Property Taxing Classifications necessary to generate Special Tax "A" revenue
in the Fiscal Year of the levy equal to the Required Special Tax "A" Revenue
for such Fiscal Year shall be levied on all Developed Property.
STEP 3:
If additional Special Tax "A" revenues are stfil necessary to generate the
Required Special Tax "A" Revenue, that percentage of the maximum
authorized Special Tax "A" rate applicable to all Undeveloped Property
necessary to generate such additional Special Tax "A" revenue shall be levied
on all Undeveloped Property.
Resoltuic~ No. 94-135
STEP 4:
STEP 5:
If additional Special Tax "A" revenues are still necessary to generate the
Required Special Tax "A" Revenue, that equal percentage of the maximum
authorized Special Tax "A" rate applicable to all Developed Property Taxing
Classifications necessary to generate such additional Special Tax "A" revenue
shall be levied on all Developed Property.
If additional Special Tax "A" revenues are still necessary to generate the
Required Special Tax "A" Revenue, the Community Facfiities District shall:
Ao
Compare (l) the Special Tax "A" rate which would be levied on each
Developed Property combining STEP 2 and STEP 4 above with (ii) the
product resulting from multiplying the square footage of the Developed
Property times the Base Maximum Special Tax "A". The Base
Maximum Special Tax "A" means an amount equal to $0.054 per
square foot of the lot or parcel.
If the product described m (ii) above exceeds the Special Tax "A" rate
described m {i} above for any Developed Property, the Commumty
Facfiities District shall increase the Special Tax "A" rate levied on
each such Developed Property in equal percentages up to the rate not to
exceed the product described in (ii) above necessary to generate the
additional Special Tax "A" revenues to equal the Required Special Tax
"A" Revenues.
SPECIAL TAX '~" - LAW ENFORCEMENT
All Developed Property shall be subject to the levy of Special Tax "B". The authorized
Special Tax '~" rates for Fiscal Year 1994-1995 are as follows:
Taxtr~ Classfficntion
Tax Rate
1. DEVELOPED PROPERTY
A. Residential Class I $1.00 per year
(More than 3,590 square feet of
dwelling unit living area) *
B. Residential Class II $1.00 per year
(3,077-3,589 square feet of
dwelling unit living area} *
C. Residential Class Ill $1.00 per year
(2,564-3,076 square feet of
dwelling unit living area} *
D. Residential Class IV $1.00 per year
(2,308-2,563 square feet of
dwelling unit living area} *
E. Residential Class V $1.00 per year
(2,051-2,307 square feet of
dwelling unit living area} *
F. Residential Class VI $1.00 per year
(Less than 2,051 square feet of
dwelling unit living area} *
G. Commercial or industrial property $1,000 per acre per year **