HomeMy WebLinkAboutItem No. 03 SA Reso FY 18-19 CFD No. 90-2 Tuscany HillsText File
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: SA 2018-2
Agenda Date: 7/10/2018 Status: Consent AgendaVersion: 1
File Type: SA ResolutionIn Control: City Council / Successor Agency
Agenda Number: 3)
Page 1 City of Lake Elsinore Printed on 7/5/2018
Report to Successor Agency Board of the Redevelopment Agency
of the City of Lake Elsinore
To:Honorable Agency Chairman and the Members of the Successor Agency
From:Grant Yates, Executive Director
Prepared by:Jason Simpson, Assistant Executive Director
Date:July 10, 2018
Subject:Resolutions Confirming Fiscal Year 2018-19Special Taxes ForCommunity
Facilities District No. 90-2 (TUSCANY HILLS PUBLIC IMPROVEMENTS)
Recommendation
adopt RESOLUTIONNO.SA 2018-__ 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 PROPERTIES WITHIN COMMUNITY
FACILITIES NO. 90-2
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. This will be the twenty-fifth year
that CFD special taxes are levied in CFD 90-2.
Discussion
The FY 2018-19budget for CFD 90-2 is comprised of bond debt service payments and
administrative costs. In addition, the Mello-Roos Act authorizes the increase of the CFD tax up
10% for anticipated futures delinquencies. In order to make sure funds are available to pay the
required bond debt service payment on the bonds, the levy includes only 5% for anticipated
property tax delinquencies. The total tax levy for FY 2018-19is $1,656,513.32.
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.
Exhibits
A.Resolution SA 2018-___
RESOLUTIONNO.SA 2018-__
A RESOLUTION OF THE CITY COUNCIL AS THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCYOF THE CITY OF
LAKE ELSINORE,CALIFORNIA, REQUESTING THE TAX
COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE
SPECIAL TAXES ON PROPERTIES WITHINCOMMUNITY
FACILITIES NO. 90-2
WHEREAS,theCityCouncil as 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,AgencyResolution 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 SpecialElection 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, 2019, 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 No. 68-2364.
SECTION3.Thisresolution shalltake effectfromandafter thedateofits passage
andadoption.
PASSED,APPROVEDANDADOPTED ataregularmeetingofthe Successor Agency ofthe
CityofLakeElsinore,California,this 10th day of July, 2018.
NATASHA JOHNSON
CHAIR
ATTEST:
SUSAN M DOMEN, MMC
CLERK
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, MMC, Clerkof the Successor Agency of the Redevelopment Agencyof the
City of Lake Elsinore, California, do hereby certify that Resolution No. SA 2018-_________ was
adopted by the Successor Agencyof the City of Lake Elsinore, California, at the Regular meeting
of July 10, 2018, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________________
Susan M. Domen, MMC
Agency Secretary
SUCCESSORAGENCYOFTHE REDEVELOPMENT AGENCYOF THE
CITYOFLAKE ELSINORE
EXHIBIT "A"
COMMUNITY FACILITIES DISTRICT 90-2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
SUMMARYOFFIXEDCHARGESFORTAX ROLL
FISCALYEAR 2018-19
FUND NUMBER
TOTAL PARCELS
TOTAL CHARGES
68-2364
908
$1,656,513.32