HomeMy WebLinkAbout04-259 - Resolutions RESOLUTION NO. 04-259
A 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 OR CONSTRUCTION OF CERTAIN PUBLIC
FACILITIES IN COMMUNITY FACILITIES DISTRICT NO. 2004-01
(RANCHO ETIWANDA ESTATES)
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 or construction of certain authorized public facilities. This Community
Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES DISTRICT NO.2004-
01 (RANCHO ETIWANDA ESTATES) (the "District'); and,
WHEREAS, it is the intention of this legislative body to finance the acquisition of all or
a portion of such public 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
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 the
acquisition or construction of 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 or
construction of authorized public facilities consisting of the 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:
$45,000,000
Resolution No. 04-259
Page 2 of 4
SECTION 5: NOTICE IS GIVEN THAT ON SEPTEMBER 15, 2004, 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 W ILL
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 BY A 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 the following page
for formal adoption,certification and signatures
Resolution No. 04-259
Page 3 of 4
PASSED, APPROVED, AND ADOPTED this 4'h day of August 2004.
AYES: Alexander, Gutierrez, Howdyshell, Williams
NOES: None
ABSENT: Kurth
ABSTAINED: None
r
William J. r
er, Mayor
ATTEST:
4h,(4,
Debra J. Adam 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 4'h day of August 2004.
Executed this 5`h day of August 2004, at Rancho Cucamonga, California.
Debra J. Adams, MC, City Clerk
Resolution No. 04-259
Page 4 of 4
EXHIBIT A
DESCRIPTION OF PUBLIC FACILITIES
The public facilities proposed to be financed by the District are generally described as
follows:
1. Day Creek Boulevard — grading, storm drain, sewer, water, dry utilities, streets and
landscaping.
2. Etiwanda Avenue—grading, sewer, water, dry utilities, streets and landscaping.
3. Cucamonga Valley Water District ("CVWD") reservoir transmission main.
4. Storm drain facilities including the northern property line storm drain and the Etiwanda
Avenue storm drain.
5. Park facilities.
6. Equestrian facilities.
7. School facilities to be owned by the Etiwanda School District.
8. School facilities to be owned by the Chaffey Joint Union High School District.
9. Water and sewerfacilities to be owned by CVWD which are authorized to be financed from
the proceeds of capacity charges levied by CVWD.
10. Flood control facilities to be awned by the San Bernardino County Flood Control District.
11. Open space to be owned by the County of San Bernardino