HomeMy WebLinkAbout17-067 - Resolutions - SPECIAL TAX COMMUNITY FACILITIES DISTRICT 2003-01 RESOLUTION NO. 17-067
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, RE-ESTABLISHING ANNUAL SPECIAL TAX RATE
FOR COMMUNITY FACILITIES DISTRICT 2003-01 (IMPROVEMENT AREA NO. 1)
FOR FISCAL YEAR 2017/18
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. 2003-01 (Improvement Area No. 1) (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 District, and this legislative body is desirous to establish the specific rate of the special tax to
be collected for the fiscal year.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY
RESOLVES:
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 Fiscal Year 2017/16 for the referenced District are hereby determined and
established as set forth in the attached, referenced and incorporated in the 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 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; and
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.
Resolution No. 17-067 — Page 1 of 3
SECTION 6: All monies above collected shall be paid into the District funds, including but not
limited to, any special tax fund, bond fund, and reserve fund.
SECTION 7: The County Auditor 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.
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Resolution No. 17-067— Page 2 of 3
PASSED, APPROVED, AND ADOPTED this 191h day of July, 2017.
L. e nis Michael, yor
ATTEST:
ce C Reynolds, Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss
CITY OF RANCHO CUCAMONGA )
I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby
certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City
of Rancho Cucamonga, at a Regular Meeting of said Council held on the 19'h day of July 2017.
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AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Executed this 201h day of July 2017 at Rancho Cucamonga, California.
Ja ' R nolds, Clerk
Resolution No. 17-067 — Page 3 of 3