HomeMy WebLinkAboutItem No. 24 - Fiscal Year 2022-23 Resolutions for CFD 90-2 - SRCity Council Agenda Report
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: ID# 22-233
Agenda Date: 6/14/2022 Status: Approval FinalVersion: 1
File Type: Successor Consent
Calendar
In Control: City Council / Successor Agency
Agenda Number: 24)
Fiscal Year 2022-23 Special Taxes for Community Facilities District No. 90-2 (Tuscany Hills
Public Improvements)
Adopt A RESOLUTION OF 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.
Page 1 City of Lake Elsinore Printed on 6/9/2022
REPORT TO SUCCESSOR AGENCY BOARD
OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Agency Chairman and Members of the Successor Agency
From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director
Date: June 14, 2022
Subject: Fiscal Year 2022-23 Special Taxes for Community Facilities District No. 90-2
(Tuscany Hills Public Improvements)
Recommendation
Adopt A RESOLUTION OF 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-seventh
year that CFD special taxes are levied in CFD 90-2.
Discussion
The FY 2022-23 budget 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 to
10% for anticipated future delinquencies. To make sure funds are available to pay the required
bond debt service payment on the bonds, the levy includes only 3% for anticipated property tax
delinquencies. The total tax levy for FY 2022-23 is $1,281,376.60.
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
RESOLUTION NO. SA 2022-__
A RESOLUTION OF 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
WHEREAS, the City Council 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), herein after referred to as CFD 90-2; and
WHEREAS, Agency Resolution 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 Special Election 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, 2023, 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-FC.
Section 3. This resolution shall take effect from and after the date of its passage and
adoption.
PASSED and ADOPTED at a regular meeting of the Successor Agency of the City of
Lake Elsinore, California, this 14th day of June 2022.
_____________________________
Timothy J. Sheridan, Chair
SA Res. No. 2022-____
Page 2 of 3
ATTEST:
_______________________________
Candice Alvarez, MMC, Secretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, Clerk of the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California, do hereby certify that Resolution No. SA 2022-____ was adopted by the
Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of June 14, 2022,
and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________________
Candice Alvarez, MMC, Secretary
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
EXHIBIT "A"
COMMUNITY FACILITIES DISTRICT 90-2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
SUMMARY OF FIXED CHARGES FOR TAX ROLL
FISCAL YEAR 2022-23
FUND NUMBER
TOTAL PARCELS
TOTAL CHARGES
68-2364-FC
658
$1,281,376.60