HomeMy WebLinkAbout10-109 - Resolutions RESOLUTION NO. 10-109
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, RE-ESTABLISHING
ANNUAL SPECIAL TAX FOR COMMUNITY FACILITIES DISTRICT
NO. 2000-01 (SOUTH ETIWANDA)
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. 2000-01
(South Etiwanda)
(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 Community Facilities District, and this legislative body is desirous to
establish the specific rate of the special tax to be collected for the next fiscal year.
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 to be collected to pay for
the costs and expenses for the next Fiscal Year 2010-2011 for the referenced district is hereby
determined and established as set forth in the attached, referenced and incorporated Annual Status
Report.
SECTION 3: That the rate asset forth above does not exceed the amount as previously
authorized by Ordinance of this legislative body, and is not in excess of that as previously approved
by the qualified electors of the District.
SECTION 4: That the proceeds of the special tax be used to pay, in whole or in part, the
costs of the following, in the following order of priority:
A. Payment of principal and interest on any outstanding authorized bonded
indebtedness.
B. Necessary replenishment of bond reserve funds or other reserve funds;
C. Payment of costs and expenses of authorized public facilities and public services.
D. Repayment of advances and loans, if appropriate.
The proceeds of the special taxes shall be used as set forth above, and shall not be
used for any other purpose.
SECTION 5: The special tax 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 & All monies above collected shall be paid into the Community Facilities District
funds, including any bond fund and reserve fund.
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 the special tax, 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. 10-109 - Page 2 of 7
PASSED, APPROVED, AND ADOPTED this 7`h day of July 2010.
AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
0
Donald J. Kurth, M. ., ayor
ATTEST:
. ice 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 7`h day of July 2010.
Executed this 8th day of July 2010, at Rancho Cucamonga, California.
#nice C. Reynolds, City Clerk
Resolution No. 10-109 - Page 3 of 7
CITY OF RANCHO CUCAMONGA
MELLO-ROOS COMMUNITY
FACILITIES DISTRICT NO. 2000-01
SOUTH ETIWANDA
ANNUALSTATUSREPORT
JULY 2010
Resolution No. 10-109 - Page 4 of 7
BACKGROUND
On November 7, 2000, the eligible landowner voters within the boundary of Community
Facilities District No. 2000-01 (South Etiwanda) authorized the issuance of bonds in the
principal amount of$2,275,000 for the purpose of financing the acquisition and construction of a
portion of the facilities which generally are defined as street, storm drain, sewer, water
landscaping and park improvements. The District is located east of Interstate 15 and is bordered
by Foothill Boulevard to the south, East Avenue to the east, Base Line Road to the north,
Etiwanda Avenue to the west and is intersected by Miller Avenue.
FISCAL YEAR 2010-2011
1 Residential Property $500/SFD > 2301 SQ. FT
2 Residential Property $475/SFD 1801 - 2300 SQ. FT.
3 Residential Property $425/SFD <1800 SQ. FT.
4 Non Residential Property $3,700/ACRE
Resolution No. 10-109 - Page 5 of 7
COMMUNITY FACILITIES DISTRICT
PROPOSED USES AND SOURCES OF FUNDS
USES:
DEBT SERVICE $109,350.00
CITY AND TRUSTEE ADMINISTRATION, $ 16,120.00
GENERAL OVERHEAD & LIABILITY
CONTRACT SERVICES $ 1,500.00
$126,970.00
SOURCES:
INTEREST REVENUE $ 4,560.00
TRANSFER FROM FUND BALANCES $ 1,500.00
DELINQUENT ASSESSMENTS $ 1,320.00
SPECIAL TAX $119,590.00
$126,970.00
Resolution No. 10-109 - Page 6 of 7
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