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HomeMy WebLinkAbout00-223 - Resolutions RESOLUTION NO. 00-223 RESOLUTION DECLARING NECESSITY TO INCUR A BONDED INDEBTEDNESS, SUBMITTING TO THE QUALIFIED ELECTORS OF COMMUNITY FACILITIES DISTRICT NO. 2000- 02 (RANCHO CUCAMONGA CORPORATE PARK) A PROPOSITION TO INCUR A BONDED INDEBTEDNESS SECURED BY A SPECIAL TAX LEVY TO PAY FOR CERTAIN CAPITAL FACILITIES IN COMMUNITY FACILITIES DISTRICT NO. 2000-02 (RANCHO CUCAMONGA CORPORATE PARK) AND A PROPOSITION TO ESTABLISH AN APPROPRIATIONS LIMIT FOR SUCH DISTRICT, AND GIVING NOTICE THEREON WHEREAS, the CITY COUNCIL of the CITY OF RANCHO CUCAMONGA (the "City Council'), has previously declared its intention and held and conducted a public hearing relating to the issuance of bonds to be secured by special taxes to pay for the acquisition of certain public facilities in a community facilities district, 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 of the State of California (the "Act'). This Community Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES DISTRICT NO. 2000-02 (RANCHO CUCAMONGA CORPORATE PARK) (the "District'); and, WHEREAS, at this time the City Council desires to proceed to make the determination of necessity to incur the bonded indebtedness, to declare the purpose for such debt, and to authorize the submittal of a combined proposition to the qualified electors of such District, being the landowners of the proposed District, all as authorized and required by law; WHEREAS, all of the qualified electors have waived the time limits specified in the Act pertaining to the conduct of the election and the requirements for impartial legal arguments have also been waived by the unanimous consent of the qualified electors; and WHEREAS, the City Clerk, as the Election Official, has concurred in the shortening of time for conducting the election. NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: SECTION 1. RECITALS. The above recitals are all true and correct. SECTION 2. NECESSITY FOR BOND ISSUE. The City Council hereby expressly declares and states that it is necessary to incur a bonded indebtedness as authorize under the terms and provisions of the Act, in order to finance the public facilities described in Exhibit A attached hereto and incorporate herein by this reference. Resolution No. 00-223 Page 2 of 6 SECTION 3. PURPOSE OF BONDED INDEBTEDNESS. The purpose for the proposed bonded indebtedness is generally described as follows: To finance the construction, expansion, rehabilitation or purchase of certain public facilities consisting of the types of facilities described in Exhibit A hereto; and appurtenances and appurtenant work and incidental costs as authorized pursuant to Government Code Section 53345.3. For a further description of such facilities, reference is made to the Community Facilities District Report (the 'Report') of Willdan/MuniFinancial, the special tax consultant, previously approved by this City Council, a copy of which is on file in the Office of the City Clerk. SECTION 4. TERRITORY TO PAY FOR BONDED INDEBTEDNESS. This City Council determines that the whole of the District will pay for the above-referenced bonded indebtedness. A general description of the District is as follows: All property within the boundaries of COMMUNITY FACILITIES DISTRICT NO. 2000-02 (RANCHO CUCAMONGA CORPORATE PARK), as shown on a map as previously approved by the City Council, such map designated by the name of this District, a copy of which is on file in the Office of the City Clerk. SECTION 5. BOND AMOUNT. The amount of the proposed bonded indebtedness, including the cost of the facilities, together with all incidental expenses, shall not exceed $7,000,000. SECTION 6. BOND TERM. This City Council hereby further determines that the maximum term of bonds and/or any series shall not exceed forty (40) years, and such bonds may be issued in differing series, at differing times. The maximum rate of interest to be paid on such bonds may not exceed the greater of either twelve percent (12%) per annum or the maximum rate permitted by law at the time of sale of any of such bonds. The bonds, except where other funds are made available, shall be paid exclusively from the annual levy of the special tax, and are not secured by any other taxing power or funds of the District or the City. Resolution No. 00-223 Page 3 of 6 SECTION 7. ELECTION. The proposition related to the incurring of the bonded indebtedness shall be consolidated with the proposition relating to the levy of the special tax, shall be combined into one ballot proposition, and shall be submitted to the qualified voters, together with a ballot proposition to establish an appropriations limit for the District, at a special election to be held on the 25`h day of October, 2000, and such election shall be a special mailed ballot election to be conducted by the City Clerk (the "Election Official'). If the combined proposition for the levy of the special tax and the incurring of the bonded indebtedness receive the approval of more than two-thirds (2/3) of the votes cast on the proposition, bonds may be authorized, issued and sold for the purposes set forth herein and the special tax may be levied as provided in the Resolution of Formation. SECTION 8. BALLOT. The ballot proposal to be submitted to the qualified voters at the election shall generally be as follows: PROPOSITION A Shall the CITY OF RANCHO CUCAMONGA COMMUNITY FACILITIES DISTRICT NO. 2000-02 (RANCHO CUCAMONGA CORPORATE PARK), County of San Bernardino, ') incur a bonded indebtedness in an amount not to exceed $7,000,000 to pay for authorized public facilities pursuant to the special tax formula set forth in Resolution No. 00-174, 2) levy a special tax to secure such bonded indebtedness, pay directly for such public facilities, replenish any reserve fund, and pay costs of administering such bonds and such district? PROPOSITION B Shall the CITY OF RANCHO CUCAMONGA COMMUNITY FACILITIES DISTRICT NO. 2000-02 (RANCHO CUCAMONGA CORPORATE PARK) establish an Article XIIIB appropriations limit equal to $7,000,000? SECTION 9. VOTE. The appropriate mark placed in the voting square after the word "YES" shall be counted in favor of the adoption of the proposition, and the appropriate mark placed in the voting square after the word "NO" in the manner as authorized, shall be counted against the adoption of such proposition. Resolution No. 00-223 Page 4 of 6 SECTION 10. ELECTION PROCEDURE. The Election Official is hereby authorized to take any and all steps necessary for the holding of such election. The Election Official shall perform and render all services and proceedings incidental to and connected with the conduct of the election, which services shall include, but not be limited to, the following activities as are appropriate to the election: A. Prepare and furnish to the election officers necessary election supplies for the conduct of the election. B. Cause to be printed the requisite number of official ballots, tally sheets and other necessary forms. C. Furnish and address official ballots for the qualified electors of the District. D. Cause the official ballots to be delivered to the qualified electors or their authorized representatives, as required by law. E. Receive the returns of the election and supplies. F. Sort and assemble the election material and supplies in preparation for the canvassing of the returns. G. Canvass the returns of the election. H. Furnish a tabulation of the number of votes given in the election. I. Make all arrangements and take the necessary steps to pay all costs of the election incurred as result of services performed by the District and pay costs and expenses of all election officials. J. Conduct and handle all other matters relating to the proceedings and conduct of the election in the manner and form as required by law. Please See Next Page for Formal Adoption and Signatures Resolution No. 00-223 Page 5 of 6 PASSED, APPROVED, AND ADOPTED this 1st day of November 2000. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None SCG — William J. Alex der, Mayor ATTEST: De ra J. Adams,GMC, City Clerk I, DEBRA J. ADAMS, 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 1" day of November 2000. Executed this 2nd day of November, at Rancho Cucamonga, California. AL, (,;�L 12�� Debra J. Adams, , City Clerk Resolution No. 00-223 Page 6 of 6 EXHIBIT "A" DESCRIPTION OF TYPES OF FACILITIES Street improvements on public street improvements required as a condition of approval of development of the property within the proposed District; such street improvements to include but not limited to: Demolition and grading, curb, gutter and sidewalks, traffic signals; entry feature and signs; fire hydrants; storm drains; water and sewer improvements; paving; striping; landscaping and irrigation improvements; public utilities and appurtenances.