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HomeMy WebLinkAboutCC Reso No 2018-058 CFD No. 2018-1 Certifying Election Results (Wasson Canyon II)RESOLUTION NO. 2018 - 058 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2018-1 OF THE CITY OF LAKE ELSINORE (WASSON CANYON II) CERTIFYING ELECTION RESULTS Whereas, the City Council (Council) of the City of Lake Elsinore (City) called and duly held an election on March 27, 2018, within the boundaries of Community Facilities District No. 2018-1 of the City of Lake Elsinore (Wasson Canyon II) (CFD No. 2018-1 or the District) pursuant to Resolution Nos. 2018-057 and 2018-056 for the purpose of presenting to the qualified electors within the District Propositions A, B and C, attached hereto as Attachment A; and Whereas, there has been presented to this Council a certificate of the City Clerk canvassing the results of the election, a copy of which is attached hereto as Attachment B. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. Each of the above recitals is true and correct and is adopted by the legislative body of the District. Section 2. Propositions A, B and C presented to the qualified electors of the District on March 27, 2018 were approved by more than two-thirds of the votes cast at said election and Propositions A, B and C each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within the District the special tax described in Proposition B for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition B and to issue bonds in an amount not to exceed $12,000,000 specified in Proposition A. Section 3. The City Clerk is hereby directed to record in the Assessor -County Clerk - Recorder's office of the County of Riverside within fifteen days of the date hereof a notice of special tax lien with respect to the District which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5. Section 4. This Resolution shall be effective upon its adoption. Passed and Adopted on this 27th day of March 2018. CC Reso No. 2018-058 Page 2 of 4 Attest: —11 n M. Domen, MMC City Clerk STATE OF CALIFORNIA 7 COUNTY OF RIVERSIDE } ss. CITY OF LAKE ELSINORE 7 I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2018-058 was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of March 27, 2018 and that the same was adopted by the following vote: AYES: Council Members Hickman, Magee and Tisdale; Mayor Pro -Tem Manos and Mayor Johnson NOES: None ABSENT: None ABSTAIN: None an Domen, MMC City Clerk ATTACHMENT A BALLOT PROPOSITIONS COMMUNITY FACILITIES DISTRICT NO. 2018-1 OF THE CITY OF LAKE ELSINORE (WASSON CANYON II) SPECIAL TAX AND SPECIAL BOND ELECTION March 27, 2018 PROPOSITION A: Shall Community Facilities District No. 2018-1 of the City of Lake Elsinore (Wasson Canyon II) (the "District") incur an indebtedness and issue bonds in the maximum principal amount of $12,000,000, with YES interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and NO_ the Incidental Expenses described in Resolution No. 2018-032 of the City Council of the City of Lake Elsinore? PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Resolution No. YES 2018-032 of the City Council of the City of Lake Elsinore be levied to pay for the Facilities, Incidental Expenses and NO other purposes described in Resolution No. 2018-032, including the payment of the principal of and interest on bonds issued to finance the Facilities and Incidental Expenses? PROPOSITION C: For each year commencing with Fiscal Year 2017-18, shall the appropriations limit, as YES defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for Community Facilities NO_ District No. 2018-1 be an amount equal to $5,000,000? ATTACHMENT B CERTIFICATE OF CITY CLERK AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Susan M. Domen, City Clerk of the City of Lake Elsinore, do hereby certify that I have examined the returns of the Special Tax and Bond Election for Community Facilities District No. 2018-1 (Wasson Canyon 11) of the City of Lake Elsinore (the "City"). The election was held in the Lake Elsinore Cultural Center at 183 North Main Street, Lake Elsinore, California, on March 27, 2018. 1 caused to be delivered ballots to each qualified elector. (_) ballots were returned. I further certify that the results of said election and the number of votes cast for and against Propositions A, B and C are as follows: PROPOSITION A YES: NO: TOTAL: Dated this 27th day of March, 2018. PROPOSITION B YES: NO: TOTAL: PROPOSITION C YES: NO: TOTAL: Susan M. Damen M, MC Susan M. Domen, MMC, City Clerk City of Lake Elsinore