HomeMy WebLinkAboutItem No. 19 Reso Confirming FY 21-22 CFD No. 90-2 (Tuscany Hills)City Council Agenda Report
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: ID# 21-233
Agenda Date: 7/13/2021 Status: Approval FinalVersion: 1
File Type: Successor Business
Item
In Control: City Council / Successor Agency
Agenda Number: 19)
Resolution Confirming Fiscal Year 2021-22 Special Taxes for Community Facilities District No.
90-2 (Tuscany Hills Public Improvements)
Adopt 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.
Page 1 City of Lake Elsinore Printed on 3/30/2023
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Successor Agency Board
From: Jason Simpson, Executive Director
Prepared By: Shannon Buckley, Director of Administrative Services
Date: July 13, 2021
Subject: Resolution Confirming Fiscal Year 2021-22 Special Taxes for Community
Facilities District No. 90-2 (Tuscany Hills Public Improvements)
Recommendation
It is recommended that the Successor Agency to the Redevelopment Agency of the City of Lake
Elsinore adopt Resolution No. SA-2021-__ requesting the Tax Collector of the County of Riverside
to place special taxes on properties within CFD No. 90-2 for Fiscal Year 2021-22.
Background
The Successor Agency, as successor to the former Redevelopment Agency of the City of Lake
Elsinore, acts as the legislative body for CFD No. 90-2 and 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-sixth year that CFD special
taxes are levied in CFD 90-2.
Discussion
The FY 2021-22 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
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 3% for anticipated
property tax delinquencies. The total tax levy for FY 2021-22 is $1,392,373.32.
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 – Res. Ordering the Levy and Collection for CFD 90-2
RESOLUTION NO. SA 2021-__
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 former Redevelopment Agency of the City of Lake Elsinore, California (the "Former
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, Former Agency Resolution RDA No. 90-6 adopted on October 24, 1990, the "Resolution
of Intention"; Former 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; and
Whereas, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore (the
“Successor Agency”), as successor to the Former Agency, acts as legislative body for CFD No. 90-
2 (the “CFD”).
NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY 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, 2022, 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.
SA Res. No. 2021-____
Page 2 of 4
Passed and Adopted at a regular meeting of the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore, California, this 13th day of July 2021.
_____________________________
Robert E. Magee, Chair
Attest:
____________________________________________
Candice Alvarez, MMC, Clerk of the Successor Agency
SA Res. No. 2021-____
Page 3 of 4
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 2021-____ was adopted by the
Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of July 13, 2021,
and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________________
Candice Alvarez, MMC
Clerk of the Successor Agency
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 2021-22
FUND NUMBER
TOTAL PARCELS
TOTAL CHARGES
68-2364-FC
730
$1,392,373.32