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HomeMy WebLinkAbout2020-075 - Resolution RESOLUTION NO. 2020-075 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,CALIFORNIA, PROVIDING FOR THE LEVY OF SPECIAL TAX FOR NORTH ETIWANDA COMMUNITY FACILITIES DISTRICT NO. 2017-01 OF THE CITY OF RANCHO CUCAMONGA FOR FISCAL YEAR 2020/21 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 North Etiwanda Community Facilities District No. 2017-01 of the City of Rancho Cucamonga (hereinafter referred to as the "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 the maintenance of certain improvements by the District, and this legislative body is desirous to establish the specific rate of the special tax to be collected for the fiscal year; and 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 for Fiscal Year 2020/21 for the District are 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 the special tax shall be used, in whole or in part,for the following: A. Payment of costs and expenses of the operation, maintenance, and servicing of authorized services pursuant to the Act; B. Payment of an amount necessary to fund or replenish an operating or capital reserve for the District; and C. Payment of a proportionate share of Administrative Expenses as such term is defined in the Amended Rate and Method. The proceeds of the special tax shall be used as set forth above, and shall not be used for any other purpose. SECTION 5: 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. 2020-075 — Page 1 of 3 SECTION & All monies above collected shall be paid into the District funds, including but not limited to, any special tax 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 special tax and for the exact rate and amount of said tax, reference is made to the attached Annual Status Report. SECTION & The County Auditor shall then,at the close of the tax collection period,promptly render to the District 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. Resolution No. 2020-075 — Page 2 of 3 PASSED, APPROVED and ADOPTED this 15th day of July, 2020. IF L. Dennis Michael, M yor ATTEST: 0anic . eynolds, City 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 15th day of July 2020. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 16th day of July, 2020, at Rancho Cucamonga, California. C. Reynol s, ity C Resolution No. 2020-075 — Page 3 of 3 RESOLUTION NO.2020-075 CITY OF RANCHO CUCAMONGA MELLO-ROOS COMMUNITY FACILITIES DISTRICT NO. 2017-01 (NORTH ETIWANDA) ANNUAL STATUS REPORT J U LY 2020 BACKGROUND On May 2, 2018, the City Council approved Resolution No. 18-029, and established Community Facilities District No. 2017-01, (the "District"). On May 2, 2018, the qualified electors of the District, being the owners of the land within the District, voted to approve the levy of a special tax to pay for certain public services and the administering of such District. On May 16, 2018, the City Council adopted Ordinance No. 928 approving the levy of the special tax. The District was authorized to finance the maintenance of public trails and trailhead improvements, landscaped areas, parkways, medians and parks and recreation improvements throughout the District and public right-of-ways, including, but not limited to, street trees, fencing, irrigation systems, sidewalks, drainage systems, signs, monuments, graffiti removal, replacement, repair or rehabilitation of playground equipment, sports fields, parking lots, restrooms, sport field lighting, street lighting and other improvements placed in parks, trails, medians, landscaped areas, or public right- of-ways, furnishing of water, electric current or energy, gas, or other illuminating agent for the operation of any improvement within the District. The maintenance and servicing of streetlights, traffic signals and appurtenant facilities, including but not limited to furnishing of electric current, materials, contracted services, and the necessary maintenance, replacement, and repair required to keep the improvements in operational and satisfactory condition. On, July 1 of each Fiscal Year, commencing on July 1, 2019, the Maximum Annual Special Tax set forth in the table above shall be increased by a minimum of two percent (2%) to a maximum annual increase of six percent (6%), determined on an annual basis as needed to satisfy the Special Tax Requirement. Community Facilities District No. 2017-01 1 Fiscal Year 2020/21 RESOLUTION 2020-075 COMMUNITY FACILITIES DISTRICT NO. 2017-01 MAXIMUM SPECIAL TAX Residential Property Percentage Maximum Annual Actual Annual Special Fiscal Year Rate Special Tax Tax 2018/19 0.00% $871.77 $0.00 2019/20 6.00% 1 $924.08 $0.00 2020/21 2.00% 1 $942.56 $0.00 Undeveloped Property Percentage Maximum Annual Actual Annual Special Fiscal Year Rate Special Tax Tax 2018/19 0.00% $2,117.76 $0.00 2019/20 6.00% 1 $2,244.83 $0.00 2020/21 2.00% 1 1 $2,289.72 $20.00 COMMUNITY FACILITIES DISTRICT NO. 2017-01 ANNUAL SPECIAL TAX Actual Annual Special Tax Property Land Use Fiscal Year 2020/21 Residential Property $0.00 Per Residential Dwelling Unit Non-Residential Pro pert $0.00 Per Acre Undeveloped Property $20.00 Per Acre Community Facilities District No. 2017-01 2 Fiscal Year 2020/21 RESOLUTION 2020-075 COMMUNITY FACILITIES DISTRICT NO. 2017-01 PROPOSED SOURCES AND USES OF FUNDS Fiscal Year 2020/21 Budget Sources Taxes: Estimated Assessments, Net of Estimated Delinquencies $ 3,020 Total Proposed Sources $ 3,020 Uses Assessment Administration 1,200 Admin./General Overhead 20 Total Proposed Uses $ 1,220 Contribution to/(Use of) Fund Balance $ 1,800 Community Facilities District No. 2017-01 3 Fiscal Year 2020/21 RESOLUTION 2020-075 IQ rl ID � C O� C 0 N 3 7 -- _ O ._ ¢ Ys V N W O O N J V Z Ay"a4: o o V '7.. 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