HomeMy WebLinkAboutCC Reso No 2008-013RESOLUTION NO. 2oos-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LAKE ELSINORE, GALIFORNIA, CANVASSING THE
RESULTS OF THE SPECIAL ELECTIONS HELD WITHIN
THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES
DISTRICT NO. 2007-5 (RED KITE)
WHEREAS, the City Council (the "Council") of the City of Lake Elsinore (the
"City") has previously conducted proceedings pertaining to the formation of the City of
Lake Elsinore Community Facilities District No. 2007-5 (Red Kite) (the "CFD"), the rate
and method of apportionment for the levy and collection of speciai taxes (the "Services
Special Tax") to finance a portion of the cost of providing parks, open space and storm
drain maintenance services, the authorization of indebtedness in the amount not to
exceed $2,500,000 within the CFD, the rate and method of apportionment for the levy
and collection of special taxes (the "Special Tax") to pay the principal and interest on
bonds issued or other debt, and the establishment of an appropriations limit, and the
calling of an election in regard to the foregoing; and
WHEREAS, on January 8, 2008, special elections were held within the CFD
relative to the rate and method of apportionment of Services Special Tax, the
authorization of not to exceed $2,500,000 of indebtedness within the CFD, the rate and
method of apportionment of the Special Tax, and the establishment of an appropriations
limit; and
WHEREAS, at such special elections the proposals for the rate and method of
apportionment and manner of collection of the Services Special Tax, incurring the
bonded indebtedness, the rate and method of apportionment and manner of collection
of the Special Tax and establishing an appropriations limit for the CFD were approved
by the requisite 2/3 of the votes cast by qualified electors of the CFD.
NOW, THEREFORE, the City Council of the City of Lake Elsinore, California,
does hereby resolve as follows:
Section 1. It is hereby determined that the special elections conducted within the
CFD were duly and validly conducted.
Section 2. The Council, acting as the legislative body of the CFD, is authorized
to levy the services special tax on behalf of the CFD, as specified in resolution No.
2008- 11 (the "Resolution of Formation") adopted by the Council on January 8,
2008.
Section 3. The Council, acting as the legislative body of the CFD, is authorized
to levy the special tax on behalf of the CFD, as specified in the Resolution of Formation.
Section 4. The Council is authorized to incur indebtedness on behalf of the CFD
in the maximum amount of $2,500,000.
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Section 5. The City is authorized to establisM an appropriations limit for the CFD.
Section 6. The City Clerk is hereby directed and authorized to record notice of
the special tax of the CFD by recording a Notice of Special Tax Lien of the CFD
pursuant to Section 3117.5 of the California Streets and Highways Code.
Section 7. This Resolution shalf take effect from and after the date of its passage
and adoption.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council
of the City of Lake Elsinore, California, this 8th day of Ja uary 2008.
A IC A
MAYOR
AT ST:
~.
VI IAN M. MUNSON
CITY CLERK
APPROVED AS TO
BARBARAZQID L~IBOLD
CITY ATTOpt'~VEY
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )ss.
CITY OF LAKE ELSINORE )
I, VIVIAN M. MUNSON, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. zoos-i3 was adopted by the City Council of the City of
Lake Elsinore, California, at a regular meeting held on the 8th day of January 2008, and
that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
MAYOR AICKMAN, COUNCILMEMBER BUCKLEY,
COUNCILMEMAER SCHIFFNER
MAGEE,
NONE
MAYOR PRO TEM KELLEY
NONE
VIVIAN M. MUNSON
CITY CLERK