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Home My WebLink About88-335 - Resolutions? RKS~UTION NO. 88-335 A RESOLUTION OF THE ~ITY COUNCIL OF THE.' CIT~ OF RANCHO C~CA~DNGA, CALIR)RNIA. E~IN~ ANNU~ SPECIAL TAX ~0.~ COMI~NITY' FACILITIES DISTRI6T 84-1 WHEREAS. the City Council of the City of Rancho CuCamonga, California. (hereinafter referred to as the ~legiala~ive~'body of the 'lo~1 Agency"), has initiated proceedings, held a publ't¢ h.e~ing, conducted an e!ec~iom.-. ,-and received a favorable vote from the qualified el.scrota ~ela~in~ to the 1~ of a the te~s and provisions of ~he ~ello Ross ~uni~: Pacili~ies. Ac~ o! 1982", ~in8 ~apter 2.5, Par~ 1, Division 2. ~le 5 of ~ Gover~en~ State of ~lifornia. ~i8 ~i~ ~cili=ies Dis~ric~ sh~l referred to ~NITY ~G~IT~S DIStil' NO4' 84-1 (DAY ~ D~E (herei~f~er referred.. ~;o as ~he ~istric~") ~ ~R~, at ~hif ~eo ~d8- h~e -~en ~u~hor~ed fo= ~~8 of financing the 9ro]ec~ facili~ies for ~id..~t~ric~;: ~R~. this legisla~ive ~dy, ~ 0rdi~nce as'.au~hor~ed ~ Section 53340 of the Gover~ent ~de of ~he S~a~e of ~llfornia, has ~a~hor~ed ~he 1~ of a s~cial ~ to ~y for co s~e., 'and .e~en~$ Facilities District, and ~his lesislB~iv~ ~ is .~desirous ~o ef~%bliah ~he s~cific rate. of the 8~c{~ t~ .~o. ~ colleCted'fo= SE~ION 1: ~a~ the a~ve =ecitals ire 811 SECTION 2: ~at th~ 8,~tc-T.~e ~.~oun~ of ~e s~Ci~ ~ ~o be collected ~o pay for the costs and e~en~s for" ~he.,Bex~ fis~l year' (1988-89) for the referen~d di'strict 'i.s h~ ~te~ined'~.snd.'es~ablished as set forth in ~he a~tached, r~erenced and incor~rated ~hibit "A". SE~ION 3: ~a~ the ra~e as set for~ a~ve does no~ exceed ~he. ~ounc as pr~iously au~hor~ed ~ Ordi~nce of this legislative ~dy, and not in excess of that as pr~iously approved ~ the q~lified electors of, District, SECTION 4: ~at the pro.~eds' of ~he s~ci~ t~ sh~l ~' used to pay, in whole or in ~rt, the ~s~s of ~e roll, ins, in =he roll, inS order of priority: Resolution No. 88-335 Page 2 A. Payment of principal of and interest on any out standing authorized bonded indebtedness; B. Necessary replenishment of bond reserve funds or other reserve funds; C. Payment of costs and exPenses of '8uthorized public facilities and D. Repayment of advances and loans, if appropriate. The proceeds of the special taxes shall be used as set forth above, ang' shall'not be used f~k any o'~ier purpose. ;,ii.' .- SECTION 5: Th.e:.i'~'c'~l tax shall be collected in the same manner as ordirm~y ad valoren pt~' i~xes are collected, and 8hall be subject to the same 'peMlties and same procedure and sale in casa8 of any delinquency for ad viloreu'taxes, and the T%x Collector is hereby authorized to deduct reasonable administrative costs i~h{~ed 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, · ~. SKCTION 7..: '.~hi 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 Wpublic 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 Exhibit 'Aw. 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. PASSED, APPROVED, amd ADOPTED this 18th day of May, 1988. ATES~ Brown, Buquet, Stout, King, Wright NOES: None AB SI~qT: No ne Dennis L. Stout, Mayor Resolution No. 88-335 Page 3 ATTEST: Beverly A~Authelet, City Clerk }' ~,~.;- · :.c~.. I, B~E~Y A, ~ET, CI~"~,...~. oZ~.'ghe' C~ty of }~ancho Cuc~onga, ~l{forn~a, do here~ cer~f7 thag the fo~go~n8 Resolution was d~y ~ssed, appr~ed, and adopted ~ the Ci~ '.~1: 'of the C~ of Rancho Cuc~on~a, ~llfornia, at a re~lar meetlns~f'"~d City ~cil ~'d on the 18th of 1988. ~ecuted this 19th ~y o~ ~y, 1988 at Ran~h~ Cuc~onga, ~llfor~ta. . ~rly '~AU~el et, City :.~rk Resolution No. 88-335 Page 4 EXHIBIT "A" CITY OF RAN(~[O ~3CAM~NGA GOM~3NITY FACILITIES DISTRICT NO. 84-1 (DAY CREEK DRAINAGE SYSTEM) The Community Facilities District has been divided into two zones: 1. ZONE "A": General areas to be served by the drainage facilities, exclusive of Zone "B". 2. ZONE mB": A limited area, being only partially served by drainage facilities. Zone mB": consists of those properties bounded on the south by POO~{ILL BOULEVARD, on the east by RO(~{ESTER AVENUE, on the north by BASE LINE ROAD, and on the west by the prolongation of MILLIKEN AVENUE. The rate, method and formula for the levy of the special tax for the respective zones, being Zone "A" and Zone mB", is as follows, based upon an estimated bond amount of $18,000,000 payable over a period of twenty (20) years. ZONE "A": $350.00 PER ACRE. ZONE "B": $350.00 PER ACRE FOR 190 ACRES. For the purpose of defining the maximum special Tax, "ACRE" shall mean acres contained in the area of the parcel as determined using the acres as shown on the latest San Bernardino County Assessor's maps.