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HomeMy WebLinkAboutCC Reso No 2006-135RESOLUTION NO. 2006-135 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, CANVASSING THE RESULTS OF THE SPECIAL ELECTIONS HELD WITHIN THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2006-6 (TESSERA) 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. 2006-6 (Tessera) (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 drains maintenance services, the authorization of indebtedness in the amount not to exceed $5,000,000 within the CFD, the rate and method of apportionment for the levy and collection of special taxes (the "Special T~") 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 August 8, 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 $5,000,000 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 collection 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 AND ORDER AS FOLLOWS: SECTION 1. It is hereby determined that the special elections conducted within the CFD were duly and validly conducted. CITY COUNCIL RESOLUTION NO. 2006-135 Page 2 of 3 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. 2006-133 (the "Resolution of Formation") adopted by the Council on August 8, 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 in the m~imum amount of $5,000,000. SECTION 5. The City is authorized to establish an appropriations limit for the CFD. SECTION 6. The City Clerk is hereby directed and autharized 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 8th day of August, 2006, by the following vote: AYES: COUNCILMEMBERS: BUCKLEY, HICKMAN, KELLEY, SCHIFFNER, MAGEE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: NONE ,. / ~ ~ ~ ~ Robert E. Magee, City of Lake Els'v CITY COUNCIL RESOLUTION NO. 2006-135 Page 3 of 3 A Frederick l~y, City Clerk City of Lake Elsinore City Attomey City of Lak~ Elsinore