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HomeMy WebLinkAbout06-253 - Resolutions RESOLUTION NO. 06-253 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,CALIFORNIA,DECLARING NECESSITY FOR COMMUNITY FACILITIES DISTRICT NO. 2006-01 (VINTNER'S GROVE) TO INCUR A BONDED INDEBTEDNESS THEREOF TO BE SECURED BY THE LEVY OF SPECIAL TAXES THEREIN TO PAY FOR THE ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC FACILITIES 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.2006- 01 (VINTNER'S GROVE) (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 by the District to finance the acquisition or construction of all or a portion of certain public facilities as proposed for the designated District described in Exhibit A attached hereto and incorporated herein by this reference (the "Facilities"). SECTION 3: The purpose for the proposed debt is to finance the acquisition or construction of the Facilities, to fund a reserve fund and capitalized interest on such indebtedness and to pay the costs of issuance of such indebtedness. 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: $5,800,000 Resolution No. 06-253 Page 2 of 4 SECTION 5: NOTICE IS GIVEN THAT ON SEPTEMBER 20, 2006, 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 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. 06-253 Page 3 of 4 PASSED, APPROVED, AND ADOPTED this 16th day of August 2006. AYES: Alexander, Gutierrez, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None r William J. Alexa er, Mayor ATTEST: Debra J. Ada s, MC, 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 16th day of August 2006. Executed this 17th day of August 2006, at Rancho Cucamonga, California. ebra J. Adams C IC, City Clerk Resolution No. 06-253 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. Facilities authorized to be financed from the proceeds of the following City of Rancho Cucamonga fees: (a) Transportation fee; (b) Beautification fee; (c) Parks and Recreation Facility fee; (d) Drainage fee; 2. Facilities authorized to be financed from the proceeds of the following Cucamonga Valley Water District fees: (a) Water capacity fee; (b) Water meter& box charge; (c) Sewer capacity fee; and (d) Sewer connection fee. 3. Facilities authorized to be financed from the proceeds of Inland Empire Utility Agency fees. 4. Street improvements; 5. Landscaping improvements located within public rights-of-way; 6. Drainage improvements; 7. Water improvements; and 8. Sewer improvements.