HomeMy WebLinkAboutCC Reso No 2006-201RESOLUTION NO. 2006-201
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 COMMLINITY FACILITIES DISTRICT NO. 2006-
10 (RIVERLAKE VILLAS)
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. 2006-10 (Riverlake
Villas) (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 $2,500,000 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 establisl~ment of an appropriations limit, and the calling of an election
in regard to the foregoing; and
WHEREAS, on November 28, 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 $2,500,000 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 collection of the Services Special Taac, incurring
the bonded indebtedness, the rate and method of apportionment and manner of
collection of the Special Tax and establishing an appropriations limit far 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. 2006-201
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. 2006-199 (the "Resolurion of Formation") adopted by the Council
on November 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 in the maximum amount of $2,500,000.
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 recarding 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 28th day of November,
2006, by the following vote:
AYES: COUNCILMEMBERS: BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
~ ~ U -
Robert E. Mage , Mayor
City of Lake inore
CITY COUNCIL RESOLUTION NO. 2006-201
Page 3 of 3
ATTES :
rederick R , City Clerk
City of Lake Elsinore
B'~rbara Zeid ~L,eibold, City Attorney
City of Lake Elsinore