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HomeMy WebLinkAbout263 - Ordinances ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ADTRORIZING THE LEVY OF A SPECIAL TAX IN A COM14UNITY FACILITIES DISTRICT 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 '~ello-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. This Community Facilities District shall hereinafter be referred to as COMHIJNITY FACILITIES DISTRICT NO. 84-i (DAY CREEK DRAIN~E SYSTEM) (hereinafter referred to as the '~istrict"); and NOW, THEREFORE, IT IS HEREBY ORDAINED AS FOLLOWS: SECTION 1: That the above recitals are all true and correct. SECTION 2: That this legislative body does, by the passage of this Ordinance, authorize the levy of special taxes at the rate and formula and set forth in Exhibit '~" attached hereto, referenced and so incorporated. SECTION 3: That this legislative body is hereby further authorized each year, by Resolution, to determine the specific special tax rate and amount to be levied for the next fiscal year, except that the special tax rate to be levied shall not exceed that as set forth above, but the special tax may be levied at a lower rate. Said Resolution shall be adopted no later than the 2nd meeting in July of each year. SECTION 4: Properties or entities of the State, Federal or other local governments shall be exempt from the above-referenced and approved special tax. SECTION 5: The proceeds of the above authorized and levied special tax may only be 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. D. Repayment of advances and loans, as appropriate. The proceeds of the special tax shall be levied only so long as needed for its purpose, and shall not be used for any other purpose. SECTION 6: The above authorized special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquencies for any other ad valorem tax. Ordinance No. 263 Page 2 SECTION 7: That this Ordinance shall be in force and take effect thirty (30) days after its final passage, and this specific authorization is pursuant to the provisions of Section 533~0 of the Government Code of the State of California. SECTION 8: The Mayor shall sign this Ordinance and the City Clerk shall cause the same to be published within fifteen (15) days after its passage at least once in The Daily Report, a newspaper of general circulation published in the City of Ontario, California, and circulated in the City of Rancho Cucamonga, California. PASSED, APPROVED, and ADOPTED this 5th day of June, 1985. AYES: Buquet, Mike ls, Dahl, King NOES: None ABSENT: Wright  n D-. Mikels, Mayor- ' ATTEST: Beverly ~. A~thelet, City Clerk I, BE~EP. LY A. AUTIflILET, CITY CLEP. K of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the Council of the City of Rancho Cucamonga held on the 15th day of May, 1985, and was finally paased at a regular meeting of the City Council of the City of Rancho Cucamonga held on the 5th day of June, 1985. Executed this 6th day of June, 1985 at Rancho Cucamonga, California. Beverly ~[. Authelet, City' ~lerk Ordinance No. 263 Page 3 EXHIBIT "A" The Community Facilities District has been divided into two zones: 1. ZONE '%": General areas to be served by the drainage facilities, exclusive of Zone "B". 2. ZONE '~": A limited area, being only partially served by drainage facilities. Zone "B" consists of those properties bounded on the South by FOOTHILL BOULEVARD, on the East by ROCHESTER 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 '~" and Zone '~", is as follows, based upon a bond amount not to exceed $20,225,000.00, payable over a period of years not to exceed twenty (20) years. ZONE '~": NOT TO EXCEED $550.00 PER ACRE. ZONE "B": NOT TO EXCEED $550.00 PER ACRE for 190 ACRES. At such time as the final drainage plan is established for Zone "B". Only those properties that drain into the DAY CREEK CHANNEL shall be subject to the special drainage fee. Areas of Zone "B" in excess of 190 acres that do drain into the DAY CREEK CHANNEL shall be subject to a drainage fee. For particulars, reference is made to the 'Report" of the Engineer, as approved by the City Council and on file in the Office of the City Clerk.