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HomeMy WebLinkAbout0012_3_CFD 2003-2 - Landowner Petition PETITION TO THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE REQUESTING INSTITUTION OF PROCEEDINGS TO ESTABLISH IMPROVEMENT AREA E WITHIN CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2003-2 (CANYON HILLS) 1. The undersigned (the “Owner”) is the owner of the land depicted in Exhibit A hereto and described in Exhibit B hereto (the “Property”), which land is expected to be all of the land included within the boundaries of proposed Improvement Area E of City of Lake Elsinore Community Facilities District No. 2003-2 (Canyon Hills) (the “District”). The Property is located within the City of Lake Elsinore (the “City”) in the County of Riverside. 2. The Owner requests that, pursuant to Chapter 2.5 (commencing with Section 53311), Part 1, Division 2, Title 5, of the Government Code of the State of California, commonly known as the “Mello- Roos Community Facilities Act of 1982” (the “Act”), the City Council of the City institute proceedings to (i) establish Improvement Area E of Community Facilities District No. 2003-2 (“Improvement Area E”) and annex Improvement Area E to the District. The proposed rate and method of apportionment for Improvement Area E is attached hereto as Exhibit D. The boundaries of the territory which is proposed for inclusion as Improvement Area E of the District are those depicted in Exhibit A hereto and described in Exhibit B hereto. 3. The Owner requests that proposed Improvement Area E be used to finance the construction, purchase, modification, expansion and/or improvement of (i) drainage, library, park, roadway and other public facilities of the City, including the foregoing public facilities which are included in the City’s fee programs with respect to such facilities and authorized to be financed under the Act (the “City Facilities”) and (ii) water and sewer facilities including the acquisition of capacity in the sewer system and/or water system of the Elsinore Valley Municipal Water District which are included in Elsinore Valley Municipal Water District’s water and sewer capacity and connection fee programs (the “Water District Facilities” and together, with the City Facilities, the “Facilities”), and all appurtenances and appurtenant work in connection with the foregoing Facilities, including the cost of engineering, planning, designing, materials testing, coordination, construction staking, construction management and supervision for such Facilities, and to finance the incidental expenses to be incurred, including: a. The cost of engineering, planning and designing the Facilities; b. All costs, including costs of the property owner petitioning to form Improvement Area E, associated with the creation of Improvement Area E, the issuance of the bonds, the determination of the amount of special taxes to be levied and costs otherwise incurred in order to carry out the authorized purposes of the District; and c. Any other expenses incidental to the construction, acquisition, modification, rehabilitation, completion and inspection of the Facilities. 4. The Owner further requests that the City Council authorize the levy of special taxes in Improvement Area E to pay the costs of the Facilities and the incidental costs described in paragraph 3 above and to pay principal of, interest and premium, if any, on the bonds in order to contribute to the financing of the Facilities and costs described in paragraph 3 above. 5. The Owner further requests that, upon the sale of bonds, the City Council, as legislative body of the District, annually levy special taxes on the property within Improvement Area E for the 2 construction, acquisition and rehabilitation of the Facilities, for the payment of the aggregate amount of principal of and interest owing on the bonds in each fiscal year, including the maintenance of reserves therefor, and for the payment of administrative expenses of Improvement Area E and for such services as the City Council deems appropriate. 6. The property depicted on Exhibit D hereto (the “HOA Lot”) is within the boundaries of the proposed Improvement Area E and also within the boundaries of Improvement Area D of the District. 7. The HOA Lot is a slope area and was intended to be owned by the homeowner’s association and exempt from the levy of the special tax of Improvement Area D. 8. Due to the grading of Improvement Area E, the HOA Lot now falls within the boundaries of Improvement Area D. No structures are anticipated to be constructed on the HOA Lot and the Owner hereby petitions and requests the City to remove the special tax lien of Improvement Area D on such property. 9. The Owner has advanced to the City the amounts necessary to pay for the costs related to the formation and annexation of Improvement Area E, which amounts will be reimbursed, without interest, from the proceeds of the first sale of the bonds, if any. The reimbursement of such amounts is expected to be governed by the terms of that certain Reimbursement Agreement to be entered into by and between the City and the Owner relating to Improvement Area E. If bonds are not sold, the City will have no obligation to reimburse amounts expended for costs incurred, but will reimburse any unexpended amounts advanced by the Owner as set forth in the Reimbursement Agreement. Dated: March __, 2016 PARDEE HOMES By: Name: Title: A-1 EXHIBIT A BOUNDARY MAP OF CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2003-2(CANYON HILLS) (IMPROVEMENT AREA E) A-2 B-1 EXHIBIT B CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2003-2 (CANYON HILLS) (IMPROVEMENT AREA E) LEGAL DESCRIPTION Real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows: THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 6 SOUTH, RANGE 3 WEST, SAN BERNARDINO BASE AND MERIDIAN, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT OF SAID LAND ON FILE IN THE DISTRICT LAND OFFICE. EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO HAROLD D. FOISTER, RECORDED JANUARY 25, 1957 IN BOOK 2030 PAGE 306, OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO PETER F. TERHEIMER AND ANNA TERHEIMER, RECORDED APRIL 22, 1958, BOOK 2258 PAGE 368 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO ELIZABETH ROSENZWEIG, RECORDED JANUARY 7, 1959, INSTRUMENT NO. 997 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO VIRGIL H. YOUNG AND ANNABELL YOUNG, RECORDED MAY 28, 1962, INSTRUMENT NO. 49420 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO ROGER P. AND MARJORIE E. EVANS, RECORDED FEBRUARY 16, 1959 INSTRUMENT NO. 12814 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO GEORGE A. JOHNSTON AND INA JOHNSTON, RECORDED JUNE 2, 1960, INSTRUMENT NO. 49210 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO ROGER P. EVANS AND MARJORIE EVANS, AS TO PARCEL 1 AND WILFRED E. EVANS AND PEARL J. EVANS, AS TO PARCEL 2, RECORDED MAY 23, 1962, INSTRUMENT NO. 47912 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO EUGENE L. GRIFFITH AND LUCILE I. GRIFFITH, RECORDED JUNE 12, 1961, INSTRUMENT NO. 49736 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE LAND DESCRIBED IN DEED TO FRANK BURLINGHAM AND IONE BURLINGHAM, RECORDED AUGUST 9, 1965, INSTRUMENT NO. 91756 OF OFFICIAL RECORDS. APN: 358-130-020-4 C-1 EXHIBIT C RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2003-2 (CANYON HILLS) (IMPROVEMENT AREA E) D-1 EXHIBIT D DESCRIPTION OF HOA LOT Assessor Parcel Nos. 358-591-008 358-600-034