The URL can be used to link to this page

Home My WebLink About84-58 - ResolutionsRESOLUTION NO. 84-58 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, DIRECTING THE CITY ATTORNEY TO PREPARE AN IMPARTIAL ANALYSIS ON A COMBINED BALLOT PROPOSITION WHEREAS, a special municipal election is to be held in the CITY OF RANCHO CUCAMONGA, CALIFORNIA, (hereinafter referred to as the "local Agency"), at which time there will be submitted to the qualified electors of said City certain propositions relating to the authorization to levy a special tax and the incurring of a bonded indebtedness in order to pay for certain capital facilities in a community facilities district, pursuant to the 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, said Community Facilities District shall hereinafter be referred to as COMI~NITY FACILITIES DISTRICT NO. 84-1 (DAY CREEK DRAINAGE SYSTEM) (hereinafter referred to as the "District"); and WHEREAS, the combined ballot proposition to be submitted to the qualified electors of the District, being the landowners within the District, is generally set forth as follows: Shall the City of Rancho Cucamonga, Community Facilities District No. 84-1 (Day Creek Drainage System) incur a bonded indebtedness in an amount not to exceed $20,225,000.00, to finance certain public capital drainage improvements to meet the needs of new development within the Community Facilities District, including all appurtenant work necessary and incidental expenses, said indebtedness to be secured by annually levied special taxes? YES NO NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1: That the above recitals are all true and correct. SECTION 2: That the City Clerk shall immediately transmit a copy of the proposed ballot proposition to the City Attorney, and the City Attorney is hereby directed to prepare an impartial analysis on the combined ballot proposal relating to the incurring of a bonded indebtedness secured by special taxes in order to pay for certain capital facilities in a Community Facilities District. Said analysis shall show the effect of the proposition on the existing law and the general operation of the proposed ballot proposition. Resolution No. 84-58 Page 2 PASSED, APPROVED, and ADOPTED this 7th day of March, 1984. AYES: Dahl, Buquet, Mikels, Schlosser, Frost NOES: None ABSENT: None ATTE ST: