HomeMy WebLinkAboutCC Reso No 2006-054RESOLUTION NO. 2006-54
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE CANVASSING THE RESULTS OF THE SPECIAL
ELECTIONS HELD WITHIN THE CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2006-2 (VISCAYA)
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. 2006-2 (Viscaya) (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 storm
drain maintenance services, the authorization of indebtedness in the amount not to exceed
$7,500,000 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 April 25, 2006, 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 $7,500,000 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 collecrion 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 DOES HEREBY RESOLVE, DETERMINE AN~D ORDER 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. 2006-52 (the "Resolution of Formation") adopted by the Council on April 25, 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.
CITY COUNCIL RESOLUTION NO. 2006-54
Page 2 of 3
SECTION 4. The Council is authorized to incur indebtedness on behalf of the
CFD in the maYimum amount of $7,500,000.
SECTION 5. The City is authorized to establish 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 Secrion 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.
CITY COUNCIL RESOLUTION NO. 2006-54
Page 3 of 3
PAS5ED, APPROVED AND ADOPTED this 25~' day of April, 2006, by the
following vote:
AYES: COUNCILMEMBERS
BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
A
Frederick Ray,
City of Lake E
AP ROVED AS O FO .
r ara Zeid ibold, City Attorney
City of Lake Elsinore
NONE
NONE
NONE