HomeMy WebLinkAbout18-073 - Resolution RESOLUTION NO. 18-073
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, RE-ESTABLISHING ANNUAL SPECIAL
TAX FOR COMMUNITY FACILITIES DISTRICT 2006-02 (AMADOR ON
ROUTE 66) FOR FISCAL YEAR 2018/19
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 Community Facilities District No. 2006-02 (Amador on Route 66) (hereinafter referred to as
the "District"); and
WHEREAS, at this time, bonds were previously issued for purposes of financing the project
facilities for said District (the "Prior Special Tax Bonds"); 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 said District, and this legislative body, by the adoption of Resolution No. 15-152 on
August 5, 2015, established the specific rate of the special tax to be collected for the fiscal year based, in
part, upon the debt service payable on the Prior Special Tax Bonds; and
WHEREAS, on July 30, 2015, special tax refunding bonds were issued by the District to refund
the Prior Special Tax Bonds resulting a reduction in the debt service payable from the special taxes
levied within the District.
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 to pay for the
costs and expenses for Fiscal Year 2018/19 for the District is hereby determined and established as set
forth in the attached, referenced and incorporated in the Annual Status Report.
SECTION 3: That the rates as set forth in such Annual Status Report do not exceed the amount
as previously authorized by Ordinance of this legislative body, and are not in excess of that as previously
approved by the qualified electors of the District.
SECTION 4: That the proceeds of the special tax are 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 administering the District and any bonds of the District;
and
D. Repayment of advances and loans, if appropriate.
Resolution No. 18-073— Page 1 of 3
The proceeds of the special taxes shall be used as set forth above, and shall not be used for any
other purpose.
SECTION 5: The 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.
SECTION 6: All monies above collected shall be paid into the District funds, including but not
limited to, any special tax fund, bond 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 the special tax, and
for the exact rate and amount of said tax, reference is made to the attached Annual Status Report.
. 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.
Resolution No. 18-073— Page 2 of 3
PASSED, APPROVED, AND ADOPTED this 1St day of August, 2018.
er°1- 444‘1-1111
L. Dennis Michael, Mayor
ATTEST:
4 ;L 'A g�
ice C. Reynolds, Jerk
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 1Stday of August
2018.
AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Executed this 2nd day of August, 2018, at Rancho Cucamonga, California.
Janice C. Reynolds, C rk
Resolution No. 18-073— Page 3 of 3