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Home My WebLink About10-112 - Resolutions RESOLUTION NO. 10-112 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, PROVIDING FOR THE LEVY OF SPECIAL TAX "A" FOR COMMUNITY FACILITIES DISTRICT NO. 2000-03(RANCHO SUMMIT) FOR TAX YEAR 2010- 2011 Recitals WHEREAS, by its Resolution No. 00-190 adopted on September 20, 2000 the City Council of the City of Rancho Cucamonga, California (the "City Council"), pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 and following of the California Government Code) (the "Act"), established City of Rancho Cucamonga Community Facilities District No. 2000-03 (Rancho Summit) (the "District") and authorized, subject to the approval of the qualified electors of the District, the levy of a special tax ("Special Tax 'A"') pursuant to the rate and method of apportionment thereof (the "Rate and Method") for the purpose of financing the acquisition or construction of certain authorized public facilities; and WHEREAS, at an election held on October 11, 2000 the qualified electors of the District unanimously approved the levy of Special Tax "A" pursuant to the Rate and Method; and WHEREAS, in 2005 the City Council initiated proceeding to modify the Rate and Method; and WHEREAS, on June 15, 2005, the City Council submitted the proposed modifications to the Rate and Method to the qualified electors of the District; and WHEREAS, on the same day, the qualified electors of the District voted unanimously to authorize the modifications to the Rate and Method (the Rate and Method as modified, the "Amended and Restated Rate and Method"); and WHEREAS, the City Council subsequently enacted Ordinance No. 755 (the "Ordinance") which became effective on August on August 5, 2005, to authorize the levy of Special Tax "A" pursuant to the Amended and Restated Rate and Method; and WHEREAS, the Act provides that the City Council may provide, by resolution, for the levy of Special Tax "A" for any future tax year; and WHEREAS, the City Council desires to provide for the levy Special Tax "A" for Tax Year 2010-2011 pursuant to the Ordinance. NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1: That the above recitals are all true and correct. SECTION 2: That the specific rate and amount of the Special Tax "A" to be collected for Fiscal Year 2010-2011 for the District is 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 asset 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"A"shall be used, in whole or in part,for the following: A. payment of debt service on all outstanding bonds issued for the District due in calendar year 2011; B. payment of a proportionate share of administrative expenses related to the bond and the District; C. payment of any amounts required to replenish the reserve fund established for the bonds; and D. payment for reasonably anticipated Special Tax "A" delinquencies based on the delinquency rate for Special Tax "A" in the preceding tax year. The proceeds of Special Tax"A" shall be used as set forth above, and shall not be used for any other purpose. SECTION 5: Special Tax"A"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. SECTION 6: All monies collected pursuant to this Resolution shall be paid into the Community Facilities District funds. SECTION 7: The Auditor of the County 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 'A,"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. Please see the following page for formal adoption,certification and signatures Resolution No. 10-112 - Page 2 of 8 PASSED, APPROVED, AND ADOPTED this 7`h day of July 2010. AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None Donald J. Kurth, .D., Mayor ATTEST: nice C. Reynolds, City Jerk I, JANICE C. REYNOLDS, 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 7th day of July 2010. Executed this 81 day of July 2010, at Rancho Cucamonga, California. a ice C. Reynolds, City elerk Resolution No. 10-112 - Page 3 of 8 CITY OF RANCHO CUCAMONGA MELLO-ROOS COMMUNITY FACILITIES DISTRICT NO. 2000-03A RANCHO SUMMIT ANNUALSTATUSREPORT JULY 2010 Resolution No. 10-112 - Page 4 of 8 BACKGROUND On June 15, 2005, the electors within the boundary of Community Facilities District No. 2000-03, (Rancho Summit) authorized the District to incur bonded indebtedness in the maximum principal amount of$10,000,000 for the purpose of financing the landscaping of parks and parkways, the acquisition and construction of certain park equipment and the construction of certain street improvements. The landscaping, park improvements and street improvements will consist of a regular type park, equestrian facilities, basketball courts, ball fields, open space areas and certain off-site street improvements. The District is bounded by the San Bernardino National Forest approximately 2.5 miles towards the north; the State Route (210) Freeway is about 1.25 miles to the south; the Interstate 15 Freeway is located approximately 1 mile to the east and East Avenue is about 0.75 miles towards the west. Each Fiscal Year, all Taxable Property within CFD No. 2000-03 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. Resolution No. 10-112 - Page 5 of 8 FISCAL YEAR 2010-2011 Land Use Description Residential Assigned Class Floor Area Special Tax 1 Residential Property <1,850 Sq. Ft. $1,707 2 Residential Property 1,850-2,049 Sq. Ft. $1,899 3 Residential Property 2,050—2,249 Sq. Ft. $2,027 4 Residential Property 2,250—2,449 Sq. Ft. $2,046 5 Residential Property 2,450—2,649 Sq. Ft. $2,061 6 Residential Property 2,650—2,849 Sq. Ft. $2,235 7 Residential Property 2,850— 3,049 Sq. Ft. $2,462 8 Residential Property 3,050— 3,049 Sq. Ft. $2,527 9 Residential Property 3,250— 3,249 Sq. Ft. $2,677 10 Residential Property => 3,450 Sq. Ft. $2,696 11 Non-Residential Property N/A. $12,600 per Acre Resolution No. 10-1.12 - Page 6 of 8 COMMUNITY FACILITIES DISTRICT PROPOSED USES AND SOURCES OF FUNDS USES: DEBT SERVICE $662,800.00 CITY AND TRUSTEE ADMINISTRATION, $ 50,000.00 GENERAL OVERHEAD & LIABILITY CONTRACT SERVICES $ 1,500.00 $714,300.00 SOURCES: INTEREST REVENUE $ 9,130.00 DELINQUENT TAXES $ 8,260.00 TRANSFER FROM FUND BALANCE $ 15,840.00 SPECIAL TAX $681,070.00 $714,300.00 Resolution No. 10-112 - Page 7 of 8 CO CON Q Community Facilities District 2000-03 M O C N �-y E L. E > x v � r-•'' i c i i a = i i.........................._. ._. _ _.._.._.._.._..; i m........................ Q c Hillside Rd ! Wilson Av 1 m I r pp Banyan St _..__ ) ° _ -- I m -}---- .a..__ O '� ao � I m i m 19th St ..�.- '__._ _ �-.__ � —_ �__ �� _ � � a : Base Line Rd r:,1 i. I Base Line Rd I r � i I 1 0 Foothill BI Foothill BI - Arrow Rt Arrow Rt � I i -- -- � ---. 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