HomeMy WebLinkAboutItem No. 17 - FY 2023-24 Special Taxes for CFD No. 90-2 (Tuscany Hills Public Improvements)
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REPORT TO SUCCESSOR AGENCY
To:Honorable Agency Chair and Members of the Successor Agency
From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director
Date:July 11, 2023
Subject:Resolution Confirming Fiscal Year 2023-24 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 DISTRICT NO. 90-2 FOR FISCAL YEAR 2023-24.
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-eighth
year that CFD special taxes are levied in CFD 90-2.
Discussion
The FY 2023-24 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 by
10% for anticipated future delinquencies. In order to make sure funds are available to pay the
required bond debt service payment on the bonds, the levy includes less than 1% for anticipated
property tax delinquencies. The total tax levy for FY 2023-24 is $1,087,659.44.
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.
CFD 90-2 Tuscany Hills
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Attachments
Attachment 1 – Resolution
RESOLUTION NO. SA 2023-__
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
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, 2024, 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. 2023-____ Page 2 of 4
PASSED and ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore,
California, this 11th day of July 2023.
_____________________________
Natasha Johnson, Chair
ATTEST:
____________________________________________
Candice Alvarez, MMC, Clerk of the Successor Agency
SA Res. No. 2023-____ 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 2023-____ was adopted by the
Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of July 11, 2023,
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 2023-24
FUND NUMBER
TOTAL PARCELS
TOTAL CHARGES
68-2364-FC
537
$1,087,659.44