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Home My WebLink About12-117 - Resolutions RESOLUTION NO. 12-117 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 FISCAL YEAR 2012/2013 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. 2000-03 (Rancho Summit) (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 2012-2013 for the referenced district is hereby determined and established as set forth in the attached, referenced and incorporated in the Annual Status Report. SECTION 3: That the rate as set 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 are used to pay, in whole or in part,the costs of the following, in the following order of priority: A. Payment of principal of 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 6: 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 lormal adoption,certification and signatures Resolution No. 12-117 - Page 2 of 8 PASSED, APPROVED, AND ADOPTED this 18th day of July 2012. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None L. Dennis Michael, Mayor ATTEST: ice C. Reynolds, City Clerk 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 18th day of July 2012. Executed this 1gth day of July 2012, at Rancho Cucamonga, California. eowf ice C. Reynolds, City Clerk Resolution No. 12-117 - Page 3 of 8 CITY OF RANCHO CUCAMONGA MELLO-ROOS COMMUNITY FACILITIES DISTRICT NO. 2000-03A RANCHO SUMMIT ANNUAL STATUS REPORT JULY 2012 Resolution No. 12-117 - 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 $9,835,000 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 consist of regular type parks, 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 to the north; State Route (210) Freeway to the south; Interstate 15 Freeway to the east and East Avenue to 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. Community Facilities District 2000-03A FY2012/2013 Resolution No. 12-117 - Page 5 of 8 FISCAL YEAR 2012-2013 CFD2000-03A RANCHO SUMMIT Land Use Assigned Special Class Description Residential Floor Area 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 NSA $12,600 per Acre Property Community Facilities District 2000-03A FY201z/2013 Resolution No. 12-117 - Page 6 of 8 COMMUNITY FACILITIES DISTRICT PROPOSED USES AND SOURCES OF FUNDS USES: DEBT SERVICE $660,890.00 CITY AND TRUSTEE ADMINISTRATION, $ 32,410.00 GENERAL OVERHEAD & LIABILITY CONTRACT SERVICES $ 1 ,500.00 $694,800.00 SOURCES: INTEREST REVENUE $ 9,630.00 DELINQUENT TAXES $ 8,250.00 TRANSFER IN FROM FUND BALANCE $ 0.00 SPECIAL TAX $713,750.00 $731,630.00 Community Facilities District 2000-03A FY2012/2013 Resolution No. 12-117 - Page 7 of 8 N Q Community Facilities District 2000-03 - CO Z o E 1-•� E t E > RANCIIO • (Q d (Q cc CMAMONOA r 0 x ¢ x x G r r.._.s•._u_u_.._.• ........................... ._ •_• ___u_o_.._..__•1 r m .._.._uj.._u_..___.._.._t__n�'; r' .' • • n ' ' O O ' > Hillside Rd _ _ _ ___ j ! 3 Wilson Av - - -i a i of -----w - -- - - - 0 A Banyan St Cn o ` `--r -- - � 19th St z P N •�s I Base Line Rd r•� Base Line Rd i CDOD i o Foothill BI _...- ._.. . ___E___-__ i Foothill BI t I -- ao `, I A Arrow Rt rrow Rt stn st�_.._.._.._.._:.e ; Legend a) 76th S[� ! __ :gyp• City Limits --�_. -_ _ _ --.__--___—_ _ N W CFD2000-03 4th St:_. _ _.._.. !._.._.._ _.._.._.._.._14th St Q .Q_ _Q. ..Q._ _..> > > Q ¢ Q M,»E,.„«.erm»".r,.emlm,I...r.e•»m.Il..w, e COa m e e m m In > mnp.l.... 1.•..a.n InmmEm � O > Y W C i emwa n meN an 1M uM�iub nd n�»rben rl.Inemllm d m r _ ' ECU M C N P•N•Gc•rmq•�b6tlEY W MEW Ym"I bn'dsmm�:M M•1 ` N G (J Y•lWg.b1 M IMI.]b.Nr m[fN+..min x o w Miles. �•»��.M�•,�Pn��«��tiw 0.50.25 0 0.5 1 1.5