HomeMy WebLinkAboutCC Reso No 2006-032RESOLUTION NO. 2006-32
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE CANVASSING THE RESULTS OF TFIE ELECTION
HELD WITHIN THE CITY OF LAKE ELSINORE COMMUNITY
FACILITIES DISTRICT NO. 2006-1 (SUMMERLI~
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. 2006-1 (Summerly) (the "CFD"), the
rate and method of apportionment for the levy and collection of special taxes (the
"Services Special Tax") to finance a portion of the cost of providing parks, open space
and starm drains maintenance services, the authorization of indebtedness in the amounts
not to exceed $30,000,000, $28,000,000 and $27,000,000 within Improvement Area
No. 1, Improvement Area No. 2 and Improvement Area No. 3, respectively, of 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 February 28, 2006, an election was held within the CFD relative
to the rate and method of apportionment of Services Special Tax, the authorization of not
to exceed $30,000,000, $28,000,000 and $27,000,000 of indebtedness within
Improvement Area No. 1, Improvement Area No. 2 and Improvement Area No.3,
respectively, of the CFD, the rate and method of apportionment of the Special Tax, and
the establishment of an appropriations limit; and
WHEREAS, at such election the proposal for the rate and method of
apportionment and manner of collection of the Services Special TaY, incurring the
bonded indebtedness, the rate and method of apportiomnent and manner of collection of
the Special TaY and establishing an appropriations limit for the respective Improvement
Areas of the CFD was approved by the requisite 2/3 of the votes cast by qualified electors
of the CFD or respective Improvement Areas, as applicable.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. It is hereby determined that the election conducted within the CFD
was 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
CITY COUNCIL RESOLUTION NO. 2006-32
Page 2 of 3
Resolution No. 2006-30 (the "Resolution of Formation") adopted by the Council on
February 28,2006.
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 for Improvement Area No. l, Improvement Area No. 2 and Improvement Area
No.3 of said CFD, in the maYimum amounts of $30,000,000, $28,000,000 and
$27,000,000, respectively.
SECTION 5. The City is authorized to establish an appropriations limit for the
Improvement Areas of 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 shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND ADOPTED this 28`" day of February, 2006, by the
following vote.
AYES: COUNCILMEMBERS
HICKMAI~, KELLEY, SCHIFFNER,
MAGEE
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
ABSTAIN: COUNCILMEMBERS:
NONE
NONE
Robert E. M~
City of Lake
CITY COUNCIL RESOLUTION NO. 2006-32
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ATTEST•
Fredrick Ray, D puty City Clerk
City of Lake Elsinore
~arbara Zeid~ibold; City Attorney
City of Lake lsinore