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HomeMy WebLinkAboutItem No. 08 FY 2017-18 CFD & ADReport to City Council To:Honorable Mayor and Members of the City Council From:Grant Yates, City Manager Prepared by: Jason Simpson, Assistant City Manager Date:July 11, 2017 Subject:Resolutions Confirming Fiscal Year (FY) 2017-18 Special Taxes for Community Facilities Districts (CFD) and Assessment Districts (AD) Recommendation adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ORDERING THE LEVY AND COLLECTION OF SPECIAL TAXES WITHIN EACH COMMUNITY FACILITIES DISTRICT FOR FISCAL YEAR 2017-18; and, adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ORDERING THE LEVY AND COLLECTION OF ASSESSMENTS WITHIN ASSESSMENT DISTRICT NO. 93-1 (COTTONWOOD HILLS) FOR FISCAL YEAR 2017- 18 Background The City is required by the County of Riverside to provide a certified Resolution to the Auditor/Controller's office each year to confirm the special tax and assessment levies within each CFD and AD for the annual property tax roll. Discussion The FY 2017-18 budgets for each CFD and AD are comprised of bond debt service payments, administrative costs, service costs and/or collection for construction of future facilities. In addition, for those CFDs that have bond debt, the Mello-Roos Act authorizes the increase of the CFD tax up 10 percent for projected futures delinquencies. In order to make sure funds are available to pay the required bond debt service payment on the bonds, the levy for each CFD with bond debt has been increased based on the anticipated property tax delinquency rate within each respective CFD. The table on the following page shows the annual levy amount needed for each district to cover district obligations for FY 2017-18. CITY OF LAKE ELSINORE - COMMUNITY FACILITIES DISTRICTS PRELIMINARY SUMMARY OF FIXED CHARGES FOR FISCAL YEAR 2017-18 Resolutions for Annual CFD and AD Special Taxes July 11, 2017 Page 2 County Levied Preliminary District Name Fund No. Parcels FY 2017-18 Levy CFD 88-3 West Lake Elsinore 68-2367 2,121 $2,504,768.06 CFD 95-1 Civic Center 68-2372 7 $165,425.08 CFD 98-1 Summerhill 68-2366 421 $1,150,567.15 CFD 2003-1 Svcs Law, Fire, Paramedic 68-2352 6,411 $2,631,596.14 CFD 2003-2 IA A Canyon Hills Imp. A 68-8709 599 $873,209.80 CFD 2003-2 IA B Canyon Hills Imp. B 68-8710 939 $2,070,357.18 CFD 2003-2 IA C Canyon Hills Imp. C 68-8711 440 $760,949.99 CFD 2003-2 IA D Canyon Hills Imp. D 68-8712 650 $1,748,288.43 CFD 2003-2 IA E Canyon Hills Imp. E 68-XXXX 55 $127,368.22 CFD 2004-3 IA 1 Rosetta Canyon Imp. 1 68-8714 509 $1,545,012.68 CFD 2004-3 IA 2 Rosetta Canyon Imp. 2 68-8715 562 $1,714,505.85 CFD 2005-1 Serenity 68-8701 233 $678,696.82 CFD 2005-2 IA A Alberhill Ranch Imp. A 68-8716 442 $1,430,010.00 CFD 2005-2 Svcs Alberhill Ranch Services 68-8719 472 $144,856.80 CFD 2005-4 Lakeview Villas 68-8703 21 $10,500.00 CFD 2005-5 Wasson Canyon 68-8708 190 $270,631.07 CFD 2005-5 Svcs Wasson Canyon Services 68-8721 190 $58,311.00 CFD 2005-6 City Center Townhomes 68-4400 144 $237,613.52 CFD 2006-1 IA A Summerly Imp. A 68-8722 214 $231,894.27 CFD 2006-1 IA B Summerly Imp. B 68-8723 182 $171,790.60 CFD 2006-1 IA CC Summerly Imp. CC 68-8724 142 $162,986.27 CFD 2006-1 IA EE Summerly Imp. EE 68-8746 59 $50,312.28 CFD 2006-1 IA FF Summerly Imp. FF 68-8747 133 $188,639.55 CFD 2006-1 IA JJ Summerly Imp. JJ 68-8745 4 $10,500.00 CFD 2006-1 Svcs Summerly Services 68-8725 734 $225,264.60 CFD 2006-2 Viscaya 68-8705 168 $455,962.16 CFD 2006-2 Svcs Viscaya Services 68-8726 168 $51,687.50 CFD 2006-3 La Strada 68-8706 128 $10,500.00 CFD 2006-4 Clurman 68-8728 158 $10,500.00 CFD 2006-5 Svcs Parks, Open Space, SD 68-8707 246 $106,186.74 CFD 2006-6 Tessera 68-8730 1 $10,500.00 CFD 2006-8 Running Deer Estates 68-8732 2 $10,500.00 CFD 2007-1 Svcs Law, Fire, Paramedic 68-8738 113 $85,439.14 CFD 2007-4 Makenna Court 68-8739 6 $10,500.00 CFD 2007-5 Red Kite 68-8741 5 $10,500.00 CFD 2007-5 Svcs Red Kite Services 68-8742 5 $1,534.50 CFD 2007-6 Holiday Inn Express 68-8743 1 $5,858.46 CFD 2009-1 Svcs Parks, OS, St. Lt.68-8744 1,538 $543,824.72 CFD 2015-1 Svcs Safety Services 68-8781 55 $39,182.00 CFD 2015-2 Svcs Zone 1 68-XXXX 1 $383.96 CFD 2015-2 Svcs Zone 2 68-XXXX 55 $19,991.40 CFD 2015-2 Svcs Zone 3 68-XXXX 8 $8,644.59 CFD 2015-2 Svcs Zone 4 68-XXXX 1 $45,780.94 CFD 2015-4 Terracina 68-8779 8 $10,500.00 CFD 2015-5 Trieste 68-8780 75 $160,781.40 Total $20,762,812.87 Resolutions for Annual CFD and AD Special Taxes July 11, 2017 Page 3 For CFD 2005-4, CFD 2006-1 IA JJ, CFD 2006-3, CFD 2006-4, CFD 2007-4, CFD 2007-5, and CFD 2015-4 only administrative costs are being levied. Fiscal Impact There is no fiscal impact directly associated with this item. The County of Riverside requires the resolutions as confirmation for the special tax amounts so there is a paperwork trail for them. The special taxes have already been established by Ordinance to ensure the authority for assessment and collection as required by the investors and bondholders for the CFD and AD bond proceeds. The City charges administrative fees and an amount sufficient to cover direct costs as well as the required bond debt service principal and interest payments, as required by the bond indentures to the various special districts. Exhibits A Reso Levy and Collection of Special Taxes B Reso Assessment District No. 93-1 RESOLUTION NO.2017-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ORDERING THE LEVY AND COLLECTION OF SPECIAL TAXES WITHIN EACH COMMUNITY FACILITIES DISTRICT FOR FISCAL YEAR 2017-18 Whereas, the City Council (Council) of the City of Lake Elsinore, California (City), has heretofore instituted and conducted proceedings under the terms and provisions of the Mello-Roos Community Facilities Act of 1982 (Act), being Chapter 25 of the State of California Government Code for the acquisition and construction of certain public works of improvements, together with appurtenances and appurtenant work, and to finance a portion of the costs of providing services, as applicable, in special tax districts designated as:COMMUNITY FACILITIES DISTRICT NO. 88-3 (WEST LAKE ELSINORE PUBLIC IMPROVEMENTS), COMMUNITY FACILITIES DISTRICT NO. 95-1 (LAKE ELSINORE CITY CENTER PUBLIC IMPROVEMENTS),COMMUNITY FACILITIES DISTRICT NO. 98-1 (SUMMERHILL PUBLIC IMPROVEMENTS),COMMUNITY FACILITIES DISTRICT NO. 2003-1 (LAW ENFORCEMENT, FIRE, AND PARAMEDIC SERVICES), COMMUNITYFACILITIES DISTRICT NO. 2003-2 (CANYON HILLS), COMMUNITY FACILITIES DISTRICT NO. 2004-3 (ROSETTA CANYON), COMMUNITY FACILITIES DISTRICT NO. 2005-1 (SERENITY), COMMUNITYFACILITIES DISTRICT NO. 2005-2 (ALBERHILL RANCH), COMMUNITY FACILITIES DISTRICT NO. 2005-4 (LAKEVIEW VILLAS), COMMUNITY FACILITIES DISTRICT NO. 2005-5 (WASSON CANYON), COMMUNITY FACILITIES DISTRICT NO. 2005-6 (CITY CENTER TOWNHOMES), COMMUNITY FACILITIES DISTRICT NO. 2006-1 (SUMMERLY), COMMUNITY FACILITIES DISTRICT NO. 2006-2 (VISCAYA), COMMUNITY FACILITIES DISTRICT NO. 2006-3 (LA STRADA), COMMUNITY FACILITIES DISTRICT NO. 2006-4 (TRACTS 30698 & 32129), COMMUNITY FACILITIES DISTRICT NO. 2006-5 (PARKS, OPEN SPACE AND STORM DRAIN MAINTENANCE), COMMUNITITY FACILITIES DISTRICT NO. 2006-6 (TESSERA), COMMUNITY FACILITIES DISTRICT NO. 2006-8 (RUNNING DEER ESTATES), COMMUNITY FACILITIES DISTRICT NO. 2007-1 (LAW ENFORCEMENT, FIRE, AND PARAMEDIC SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2007-4 (MAKENNA COURT), COMMUNITY FACILITIES DISTRICT NO. 2007-5 (RED KITE) COMMUNITY FACILITIES DISTRICT NO. 2007-6 (HOLIDAY INN EXPRESS), COMMUNITY FACILITIES DISTRICT NO. 2009-1 (PARKS, OPEN SPACE AND STREET LIGHTING MAINTENANCE), COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2015-2 (ZONE 1 MAINTENANCE SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2015-2 (ZONE 2 MAINTENANCE SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2015-2 (ZONE 3 MAINTENANCE SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2015-2 (ZONE 4 MAINTENANCE SERVICES), COMMUNITY FACILITIES DISTRICT NO. 2015-4 (TERRACINA)COMMUNITY FACILITIES DISTRICT NO. 2015-5 (TRIESTE),(herein after referred to as the CFD); and, Whereas, Resolution No. 91-19 adopted the "Resolution of Intention" on February 26, 1991, Resolution No. 91-30 titled "A Resolution of Special Election and Directing Recording of Notice of Special Tax Lien", adopted April 9, 1991; and Ordinance No. 913 entitled "An Ordinance of the City Council of the City of Lake Elsinore Levying Special Taxes Within the City of Lake Elsinore Community Facilities District No. 88-3 (WEST LAKE ELSINORE PUBLIC IMPROVEMENTS)", adopted April 23, 1991; and, Whereas, Resolution No. 95-68 adopted the "Resolution of Intention" on October 10, 1995, Resolution No. 95-78 titled "A Resolution of Special Election and Directing Recording of Notice of Special Tax Lien", adopted November 14, 1995; and Ordinance No.1006 entitled "An Ordinance of the City Council of the City of Lake Elsinore Levying Special Taxes Within the City of Lake Elsinore Community Facilities District No. 95-1 (LAKE ELSINORE CITY CENTER PUBLIC IMPROVEMENTS)", adopted November 28, 1995; and, Whereas, Resolution No. 98-7 adopted the "Resolution of Intention" on June 9, 1998; and Resolution No. 98-15 titled "Resolution of Formation Determining the Validity of Prior Proceedings, Establishing Community Facilities District No. 98-1, Authorizing the Levy of a Special Tax Within Community Facilities District No. 98-1, and establishing an Appropriations Limit", adopted June 23, 1998; and, Whereas, Resolution No. 2003-21 adopted the "Resolution of Intention" on June 24, 2003; Resolution No. 2003-37 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2003-1 (LAW ENFORCEMENT, FIRE, AND PARAMEDIC SERVICES), and Authorizing the Levy of a Special Tax Within said District", adopted August 12, 2003; and, Whereas, Resolution No. 2003-50 adopted the "Resolution of Intention" on October 14, 2003; Resolution No. 2004-6 titled "Resolution of Formation Determining the Validity of Prior Proceedings, and Establishing City of Lake Elsinore Community Facilities District No. 2003-2 (Canyon Hills)", adopted January 13, 2004, and Ordinance No. 1114 entitled "Ordinance of the City of Lake Elsinore Authorizing the levy of a public safety special tax and a special tax" adopted January 13, 2004, Authorizing the Levy of a Special Tax Within Community Facilities District No. 2003-2 (CANYON HILLS), and establishing an Appropriations Limit", adopted June 23, 1998; and, Whereas, Resolution No. 2004-77 adopted the "Resolution of Intention" on December 28, 2004; Resolution No. 2004-38 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2004-3 (ROSETTA CANYON)" adopted March 22, 2005, and Ordinance No.1148, Authorizing the Levy of a Special Tax adopted March 22, 2005; and, Whereas, Resolution No. 2004-70 adopted the "Resolution of Intention", on December 14, 2004; Resolution No. 2005-10 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2005-1 (SERENITY)", adopted January 25, 2005, and Ordinance No. 1139, Authorizing the Levy of a Special Tax, adopted January 25, 2005; and, Whereas, Resolution No. 2005-62 adopted the "Resolution of Intention" on July 12, 2005; Resolution No. 2005-138 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2005-2 (ALBERHILL RANCH)" adopted September 13, 2005, and Ordinance No.1163, Authorizing the Levy of a Special Tax adopted September 13, 2005; and, Whereas, Resolution No. 2005-64 adopted the "Resolution of Intention" was adopted on July 12, 2005; Resolution No. 2005-121 "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2005-4 (LAKEVIEW VILLAS)" adopted August 23, 2005, and Ordinance No.1159, Authorizing the Levy of a Special Tax adopted August 23, 2005; and, Whereas, Resolution No. 2005-54 adopted the "Resolution of Intention" on June 28, 2005; Resolution No. 2005-104 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2005-5 (WASSON CANYON)" adopted August 9, 2005, and Ordinance No.1156, Authorizing the Levy of a Special Tax adopted August 23, 2005; and, Whereas, Resolution No. 2005-76 adopted the "Resolution of Intention" on July 26, 2005; Resolution No. 2005-141 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2005-6 (CITY CENTER TOWNHOMES)" adopted September 13, 2005, and Ordinance No.1164, Authorizing the Levy of a Special Tax adopted September 13, 2005; and, Whereas, Resolution No. 2006-08 adopted the "Resolution of Intention" on January 24, 2006; Resolution No. 2006-30 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2006-1 (SUMMERLY)" adopted February 28, 2006, and Ordinance No.1171, Authorizing the Levy of a Special Tax adopted February 28, 2006; and, Whereas, Resolution No. 2006-20 adopted the "Resolution of Intention" on February 9, 2006; Resolution No. 2006-52 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2006-2 (VISCAYA)" adopted April 25, 2006, and Ordinance No. 1177, Authorizing the Levy of a Special Tax adopted April 25, 2006; and, Whereas, Resolution No. 2006-10 adopted the "Resolution of Intention" on January 24, 2006; City Resolution No. 2006-79 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2006-3 (LA STRADA)" adopted June 13, 2006, and Ordinance No.1182, Authorizing the Levy of a Special Tax adopted June 13, 2006; and, Whereas, Resolution No. 2006-76 adopted the "Resolution of Intention" on June 13, 2006; Resolution No. 2006-117 adopted the "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2006-4 (TRACTS 30698 & 32129)" adopted on July 26, 2006 and Ordinance No. 1185 Authorizing the Levy of a Special Tax adopted on August 8, 2006; and, Whereas, Resolution No. 2006-41 adopted the "Resolution of Intention" on March 28, 2006; Resolution No. 2006-56 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2006-5 (PARKS, OPEN SPACE AND STORM DRAIN MAINTENANCE)", adopted May 9, 2006, and Ordinance No. 1179, Authorizing the Levy of a Special Tax, adopted May 9, 2006; and, Whereas, Resolution No. 2006-95 adopted the "Resolution of Intention" on June 27, 2006; Resolution No. 2006-133 titled "Resolution of Formation Determining the Validity of Prior Proceedings, and Establishing City of Lake Elsinore Community Facilities District No. 2006-6 (TESSERA)" adopted on August 8, 2006, and Ordinance No. 1189 entitled "Ordinance of the City of Lake Elsinore Authorizing the levy of a public safety special tax and a special tax", Authorizing the Levy of a Special Tax Within Community Facilities District No. 2006-6 (TESSERA), and establishing an Appropriations Limit", adopted August 8, 2006; and, Whereas, Resolution No. 2006-168 adopted the "Resolution of Intention" on October 10, 2006; Resolution No. 2006-195 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings, Establishing City of Lake Elsinore Community Facilities District No. 2006-8 (RUNNING DEER ESTATES)", adopted November 28, 2006, Ordinance No. 1203; Authorizing the Levy of a Special Tax adopted November 28, 2006; and, Whereas, Resolution No. 2007-75 adopted the "Resolution of Intention" on May 22, 2007; Resolution No. 2007-113 titled "Resolution of Formation Determining the Validity of Prior Proceedings, and Establishing City of Lake Elsinore Community Facilities District No. 2007-1 (LAW ENFORCEMENT, FIRE AND PARAMEDIC SERVICES)" adopted on May 22, 2007, and Ordinance No. 1227 entitled "Ordinance of the City of Lake Elsinore Authorizing the levy of a public safety special tax and a special tax", Authorizing the Levy of a Special Tax Within Community Facilities District No. 2007-1 (LAW ENFORCEMENT, FIRE AND PARAMEDIC SERVICES) adopted on July 10, 2007; and, Whereas, in Resolution No. 2007-156 adopted the "Resolution of Intention" on August 28, 2007; Resolution No. 2007-177 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2007-4 (MAKENNA COURT)" adopted October 9, 2007, and Ordinance No. 1232, Authorizing the Levy of a Special Tax adopted October 9, 2007; and, Whereas, Resolution No. 2007-198 adopted the "Resolution of Intention" on November 27, 2007; Resolution No. 2008-11 titled "Resolution of Formation of the City Council of the City of Lake Elsinore Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2007-5 (RED KITE)" adopted January 8, 2008, and Ordinance No. 1242, Authorizing the Levy of a Special Tax adopted January 8, 2008; and, Whereas, Resolution No. 2007-205 adopted the "Resolution of Intention" on December 11, 2007; Resolution No. 2008-17 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2007- 6 (HOLIDAY INN EXPRESS)" adopted January 22, 2008, and Ordinance No. 1244, Authorizing the Levy of a Special Tax adopted January 22, 2008; and, Whereas, Resolution No. 2010-001 adopted the "Resolution of Intention" on January 12, 2010; Resolution No. 2010-007 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2009-1 (PARKS, OPEN SPACE AND STREET LIGHTING MAINTENANCE)" adopted February 23, 2010, and Ordinance No. 2010-1273, Authorizing the Levy of a Special Tax adopted February 23, 2010; and, Whereas, Resolution No. 2016-022 adopted the "Resolution of Intention" on March 8, 2016; Resolution No. 2016-035 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-1 (SAFETY SERVICES)" adopted April 12, 2016, and Ordinance No. 2016-1359, Authorizing the Levy of a Special Tax adopted April 26, 2016; and, Whereas, Resolution No. 2015-066 adopted the "Resolution of Intention" on July 28, 2015; Resolution No. 2015-078 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-2 (ZONE 1 MAINTENANCE SERVICES)" adopted September 22, 2015, and Ordinance No. 2016-1359, Authorizing the Levy of a Special Tax adopted May 10, 2016; and, Whereas, Resolution No. 2016-020 adopted the "Resolution of Intention" on March 8, 2016; Resolution No. 2016-030 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-2 (ZONE 2 MAINTENANCE SERVICES)" adopted April 12, 2016, and Ordinance No. 2016-1359, Authorizing the Levy of a Special Tax adopted May 10, 2016; and, Whereas, Resolution No. 2016-114 adopted the "Resolution of Intention" on October 11, 2016; Resolution No. 2016-129 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-2 (ZONE 3 MAINTENANCE SERVICES)" adopted November 15, 2016, and Ordinance No. 2016-1359, Authorizing the Levy of a Special Tax adopted May 10, 2016; and, Whereas, Resolution No. 2017-131 adopted the "Resolution of Intention" on February 28, 2017; Resolution No. 2017-051 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-2 (ZONE 4 MAINTENANCE SERVICES)" adopted April 11, 2017, and Ordinance No. 2016-1359, Authorizing the Levy of a Special Tax adopted May 10, 2016; and, Whereas, Resolution No. 2016-023 adopted the "Resolution of Intention" on March 8, 2016; Resolution No. 2016-037 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-4 (TERRACINA) adopted April 12, 2016, and Ordinance No. 2016-1357, Authorizing the Levy of a Special Tax adopted April 26, 2016; and, Whereas, Resolution No. 2016-067 adopted the "Resolution of Intention" on June 14, 2016; Resolution No. 2016-091 titled "Resolution of Formation of the City Council of the City of Lake Elsinore, California, Determining the Validity of Prior Proceedings and Establishing City of Lake Elsinore Community Facilities District No. 2015-5 (TRIESTE)" adopted July 26, 2016, and Ordinance No. 2016-1362, Authorizing the Levy of a Special Tax adopted August 9, 2016; and, Whereas,all special taxes in the CFD 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 the CFD due or coming due through June 30, 2018 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 via File Transfer Protocol (FTP) as requested by the Riverside County Tax Collector, further identified as County Fund Nos.: Fund No.CFD No. 68-2367 CFD 88-3 68-2372 CFD 95-1 68-2366 CFD 98-1 68-2352 CFD 2003-1 Svcs 68-8709 CFD 2003-2 IA A 68-8710 CFD 2003-2 IA B 68-8711 CFD 2003-2 IA C 68-8712 CFD 2003-2 IA D 68-XXXX CFD 2003-2 IA E 68-8713 CFD 2003-2 Svcs 68-8714 CFD 2004-3 IA 1 68-8715 CFD 2004-3 IA 2 68-8701 CFD 2005-1 68-8716 CFD 2005-2 IA A 68-8719 CFD 2005-2 Svcs 68-8703 CFD 2005-4 68-8708 CFD 2005-5 68-8721 CFD 2005-5 Svcs 68-4400 CFD 2005-6 68-8722 CFD 2006-1 IA A 68-8723 CFD 2006-1 IA B 68-8724 CFD 2006-1 IA CC 68-8746 CFD 2006-1 IA EE 68-8747 CFD 2006-1 IA FF 68-8745 CFD 2006-1 IA JJ 68-8725 CFD 2006-1 Svcs 68-8705 CFD 2006-2 68-8726 CFD 2006-2 Svcs 68-8706 CFD 2006-3 68-8728 CFD 2006-4 68-8707 CFD 2006-5 Svcs 68-8730 CFD 2006-6 68-8731 CFD 2006-6 Svcs 68-8732 CFD 2006-8 68-8738 CFD 2007-1 Svcs 68-8739 CFD 2007-4 68-8741 CFD 2007-5 68-8742 CFD 2007-5 Svcs 68-8743 CFD 2007-6 68-8744 CFD 2009-1 Svcs 68-8781 CFD 2015-1 Svcs 68-XXXX CFD 2015-2 Tax Zone 1 68-XXXX CFD 2015-2 Tax Zone 2 68-XXXX CFD 2015-2 Tax Zone 3 68-XXXX CFD 2015-2 Tax Zone 4 68-8779 CFD 2015-4 68-8780 CFD 2015-5 Section 3. This Resolution shall take effect immediately upon its adoption. Section 4. The City Clerk shall certify to this Resolution and enter it into the book of original Resolutions. Passed and Adopted this 11th day of July, 2017. Robert E. Magee Mayor Attest: Susan M Domen, MMC City Clerk STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LAKE ELSINORE ) I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2017-_________ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of July 11, 2017, and that the same was adopted by the following vote: AYES: NOES: ABSENT: ABSTAIN: _____________________________ Susan M. Domen, MMC City Clerk RESOLUTION NO.2017-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ORDERING THE LEVY AND COLLECTION OF ASSESSMENTS WITHIN ASSESSMENT DISTRICT NO. 93-1 (COTTONWOOD HILLS) FOR FISCAL YEAR 2017-18 Whereas, the City Council (Council) of the City of Lake Elsinore, California (City), has heretofore instituted and conducted proceedings under the terms and provisions of the Improvement Bond Act of 1913 (Act), being Division 10 and 12 of the State of California Streets and Highways Code, respectively, for the construction of certain public works of improvements, together with appurtenances and appurtenant work in assessment districts (AD) designated as: ASSESSMENT DISTRICT NO. 93-1 (COTTONWOOD HILLS)(herein after referred to as the “Assessment District”); and, Whereas, all assessments in the Assessment District were levied without regard to property valuation. NOW,THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. That the portion of the principal, interest and other costs related to the AD due or coming due through June 30, 2018, 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 via File Transfer Protocol (FTP) as requested by the Riverside County Tax Collector, further identified as County Fund Nos.: Fund No.District No. 68-2369 AD 93-1 Section 3. This Resolution shall take effect immediately upon its from and after its adoption. Section 4. The City Clerk shall certify to this Resolution and enter it into the book of original Resolutions. Passed and Adopted this 11th day of July, 2017. Robert E. Magee Mayor Attest: Susan M Domen, MMC City Clerk STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LAKE ELSINORE ) I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2017-_________ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of July 11, 2017, and that the same was adopted by the following vote: AYES: NOES: ABSENT: ABSTAIN: _____________________________ Susan M. Domen, MMC City Clerk CITY OF LAKE ELSINORE EXHIBIT "A" ASSESSMENT DISTRICT SUMMARY OF FIXED CHARGES FISCAL YEAR 2017-18 District County Fund Number Total Parcels FY 2017-18Preliminary Levy AD 93-1 68-2369 3,126 $1,508,359.36