HomeMy WebLinkAboutCity Council Agenda SA No 3 CITY OF
LAKE 5 LS 1 NO R
- DREAM EXTREME.
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REPORT TO CITY COUNCIL AS SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
TO: HONORABLE MAYOR
AND CITY COUNCIL MEMBERS
FROM: THOMAS P. EVANS
INTERIM CITY MANAGER
DATE: JULY 10, 2012
SUBJECT: RESOLUTION CONFIRMING FISCAL YEAR 2012 -13 SPECIAL TAXES
FOR CFD NO. 90 -2 (TUSCANY HILLS PUBLIC IMPROVEMENTS)
Recommendation
Adopt Resolution No. 2012 -004 requesting the Tax Collector of the County of Riverside
to place special taxes on the bills of certain properties for CFD No. 90 -2 for Fiscal year
2012 -13
Background
The City Council, as the Successor Agency to the Redevelopment Agency, is required
by the County of Riverside to provide a certified Resolution to the Auditor /Controller's
office each year to confirm special taxes for the property tax roll for CFD No. 90 -2.
Discussion
The FY 2012 -13 budget for CFD 90 -2 is comprised of bond debt service payments and
administrative costs.
The Mello -Roos Act authorizes the increase of the CFD tax up 10% for anticipated
futures delinquencies. However, total charges in the CFD will increase 2.5% over last
year's rates, which is an average increase of $45 per home. The total tax levy for FY
2012 -13 is $1,858,874.30. The anticipated delinquency rate is 5 %.
This will be the twenty -first year for special taxes in CFD 90 -2. The total number of
parcels taxed within the CFD remained the same as last year (1,021 parcels). The
requested special tax rates will insure that funds are available to pay the required bond
debt service payment on the bonds.
AGENDA ITEM NO. SA3
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Resolution Confirming FY 2012 -13 Special Taxes for CFD 90 -2
July 10, 2012
Page 2
Fiscal Impact
There is no fiscal impact directly associated with this item. The CFD levy includes
administrative fees and an amount sufficient to cover direct costs as well as the required
bond debt payments.
Prepared by: James Rile,'
Director of Ad v inistrative Services
Approved by: Thomas P. Evan Al
Interim City Man. g-r
Page 2 of 6
RESOLUTION NO. SA 2012 -004
A RESOLUTION OF THE CITY COUNCIL AS THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
REQUESTING THE TAX COLLECTOR OF THE COUNTY OF
RIVERSIDE TO PLACE SPECIAL TAXES ON THE BILLS OF
CERTAIN PROPERTIES FOR CFD 90 -2
WHEREAS, the City Council as the the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore, California (the "Agency "), has
heretofore instituted and conducted proceedings under the terms and provisions of the
Mello -Roos Community Facilities Act of 1982 (the "Act "), being Chapter 25 of Part 1 of
Division 2 of Title 5 (commencing at Section 53311) of the State of California Government
Code for the acquisition and construction of certain public works of improvements, together
with appurtenances and appurtenant work in a special tax district designated as
COMMUNITY FACILITIES DISTRICT NO. 90 -2 (TUSCANY HILLS PUBLIC
IMPROVEMENTS), hereinafter referred to as CFD 90 -2; and
WHEREAS, Agency Resolution RDA No. 90 -6 adopted on October 24, 1990,
the "Resolution of Intention "; Agency Resolution No. RDA 90 -12 entitled "A Resolution
Declaring Results of Special Election and Directing Recording of Notice of Special Tax
Lien ", adopted November 27, 1990; and Agency Ordinance No. RDA 1 entitled "An
Ordinance of the Governing Board of the Redevelopment Agency of the City of Lake
Elsinore Levying Special Taxes Within the Redevelopment Agency of the City of Lake
Elsinore Community Facilities District No. 90 -2 (Tuscany Hills Public Improvements) ",
adopted December 11, 1990; and
WHEREAS, all special taxes in this district were levied without regard to
property valuation.
NOW, THEREFORE, the City Council of the City of Lake Elsinore, California,
does hereby resolve as follows:
SECTION 1. That the portion of the principal, interest and other costs related
to CFD 90 -2 due or coming due through June 30, 2013, be placed on the County Tax Rolls
and be collected by the Riverside County Tax Collector, as provided for in Exhibit "A" (a
summary of fixed charges).
SECTION 2. That the properties to be so assessed and the related amounts
are submitted on CD as requested by the Riverside County Tax Collector, further identified
as County Fund No. 68 -2364.
SECTION 3. This resolution shall take effect from and after the date of its
passage and adoption.
1
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PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Lake Elsinore, California, this 10th day of July, 2012.
BRIAN TISDALE
MAYOR
ATTEST:
VIRGINIA BLOOM
CITY CLERK
APPROVED AS TO FORM:
BARBARA ZEID LEIBOLD
CITY ATTORNEY
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SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
EXHIBIT "A"
COMMUNITY FACILITIES DISTRICT 90 -2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
SUMMARY OF FIXED CHARGES FOR TAX ROLL
FISCAL YEAR 2012 -13
FUND NUMBER 68 -2364
TOTAL PARCELS 1,021
TOTAL CHARGES $1,858,874.30
Page 5 of 6
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )ss.
CITY OF LAKE ELSINORE )
I, VIRGINIA BLOOM, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. SA 2012 -004 was adopted by the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore, California, at a regular meeting held
on the 10th day of July, 2012, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
VIRGINIA BLOOM
CITY CLERK
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