HomeMy WebLinkAboutRDA Reso No 1991RESOLUTION N0. RDA 91-1
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE APPOINTING
ASSISTANT TREASURER.
WHEREAS, The City of Lake Elsinore Redevelopment
Agency has heretofore designated the City Manager as the
Executive Director and Secretary/Treasurer of the Agency; and
WHEREAS, pursuant to its adopted rules and
regulations, the Agency may appoint an Assistant Treasurer for
the purposes of executing financial documents; and
WHEREAS, the City desires to appoint an Assistant
Treasurer for the purposes of executing documents related to
ongoing and future bond issues.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the foregoing recitals are true and correct.
2. The Agency hereby appoints Ray Wood as Assistant
Treasurer for the purpose of executing documents
related to ongoing and future Agency Bond Issues.
PASSED, APPROVED AND ADOPTED this 22nd day of
January, 1991, upon the following vote:
AYES: BOARDMEMBERS: DOMINGUEZ, STARKEY, 4•IASFIBURN, WINKLER,
BUCK
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
ABSTENTION: BOARDMEMBERS: NONE
AT ST:
~,/ l~
Vicki Kasad, Clerk of the Board
Lake Elsinore Redevelopment
Agency
APPROVED AS TO FORM AND LEGALITY:
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
2, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the 22nd day of January, 1991, and that
it was so adopted by the following vote:
AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WASHBURN,
WINKLER~ BUCK
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
VICKI I,YNN~ KASAD, CITY CLERK
CITY UF I~A~itE ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-1 of said Aqency, and that
the same has not been amended or repealed.
DA D: J'anuary 23, 1991
~ r ~~~^('/'
VICKI LYNNE SAD, CITY CLERK
CITY OF LAK ELSINORE
( SEZa~)
RE.50LilTiONNO. RDA 91-?
RESOLUTION OF TI~ REDEVELOPMENT AGENCY OF THE CITY OF I,AKE
ELSINORE AUTHOR7ZING ISSUANCE OF NOT TO ERCEED $4,300,000
PRINCIPAL AMOUNT OF IiANGHO LAGUNA REDEVELOPMENT PROJECT
ARF.t+- NO. III TAXABLE REFUNDING BOND ANrICII'ATION NOTES,1891
SERIES, APPROVING AND AUTHORTZING AND DIRECTING F.XECUTION
OF INDENTUR.E OF TRUST RELATING THERETO, AUTHORIZING SALE OF
SUCH NOTES, APPROVING OFFICLAL STATIIViENT AND PROVIDING
OTHER MAITERS PROPERLY RELATING TFIERE'1'O.
WHEREA.S, the Agency is authorized pursuant to the Community Redevelopment
Law, being Part 1 of Division 24 (commencing with Section 33000) of the Health and Safety
Code of the State of California (the "Law") and pursuant to the provisions o£ Chapter 6 of
Division 6 of Title 1(commencing with Section 5900) of the Government Code of the State
of California (the "Taxable Law") to issue its taxable refunding bond anticipation notes
for the purpose of refinancing redevelopment activities within aad of benefit to the
redevelopment project areas; and
WHEREA~, after due investigation and deliberatioa, the Agency has determined
that it is in the interests of the Agency at this time to provide ~for the issuance of its
Redevelopment Agency of the City of Lake Elsinore Rancho Laguna Redevelopment
Project Area No. III Taxable Refunding Bond Anticipation Notes, 1991 Series (the
"Notes"), for the purpose of refinancing redevelopment activities within and of benefit to
the Agency's Rancho Laguna Redevelopment Project Area No. III; and
WHEREAS, the Notes are proposed to be issued pursuant to an Indenture of Trust
(the "Indenture") dated as of February 1, 1991, by and between the Agency and The Bank
of New York Trust Company of California, as trustee; and
WHEREAS, as authorized by the Taxable Law, the Agency hereby determines that
the interest payable on the Notes will be subject to federal income taxation under law in
existence on the date of issuance of the Notes; and
WHEREAS, the Taxable Law authorizes the Notes to be sold at private sale and the
Agency proposes to sell the Notes at private sale to First California Capital" Markets
Group, Inc. (the "Underwriter"), all on the terms and conditions herein set forth and as
provided ia the form of Purchase Contract (the "Purchase Contract") on file with the
Secretary; and
YVHEREAS, the Underwriter fias caused to be prepared an Official Statement
describing the Notes, the preliminary form of which is on file with the Secretary; and
WHEREAS, the Agency, with the aid of its staff has reviewed the Indenture, the
Purchase Contract and the Official Statement; and the Agency wishes at this time to
approve the foregoing in the public interests of the Agency;
NOW, THEREFORE, BE IT RESOLVED hy the Redevelopment Agency of the City of
Lake Elsinore, as follow: .
Section 1. IasuaneP of Notpe: Amnroval of Indenture. The Agency hereby
authorizes the issuance of the Notes under and pursuant to the Law, the Taxable Law
and the Indenture, in the aggregate principal amount of not to exceed $4,300,000. The
Agency hereby approves the Indenture in substantially the form thereof on file with the
Secretary together with any additions thereto or changes therein deemed necessary or
advisabie by the Executive Director, including, without limitation, the addition to the
Indenture of the final principal amount of the Notes (aot to exceed $4,300,000) and of the
final interest rate payable with respect to the Notes as contained in the Purchase Contract
` hereinafter approved, and execution of the Indenture shall be deemed conclusive
evidence of the Agency's approval of such additions or changes. The Chairman and
Secretary of the Agency are hereby authorized and directed to execute, attest and affix the
seal of the Agency to the Indenture for and in the name and on behalf of the Agency. The
Agency hereby authorizes the delivery and performance of the Indenture.
Section 2. S~1e of Notes. The Agency hereby authorizes the sale of the Notes to the
Underwriter pursuant to and in accordance with the Purchase Contract in substantially
the form on file with the Secretary together with any additions theieto or changes therein
approved by either the Executive Director or the Agency Treasurer of the Agency (or the
written designee of either ), whose execution thereof shall be conclusive evidence of such
approval. The Agency hereby delegates to both the Executive Director and the Agency
Treasurer (and to the written designee of either ), whose execution thereof shall be
conclusive evidence of such approval. The Agency hereby delegates to both the Executive
Director and the Ageacy Treasurer (and to the written designee of either) the authority to
accept an offer from the Underwriter to purchase the Notes from the Authority and to
execute the Purchase Contract for and in the name and on behalf of the Agency;
provided, however, that the stated interest rate payable with respect to the Notes shall not
exceed ten and one-half percent (10.5%) per annum and the purchase price paid by the
Underwriter for the purchase of the Notes shall be not less than ninety-eight percent
(98%) of the par amount thereof, excluding any original issue discount on the Notes.
$ection 3. Of~ci~t 9tatement, The Agency hereby approves the prelimiaary
Official Statement describing tbe Notes, in substantially the form on file with the
Secretary, together with any changes therein or additions thereto necessary or
convenient to cause the preliminary Official Statement to describe accurately matters
pertaining to the Notes. The Underwriter is hereby authorized to distribute the
preliminary Official Statement in coanection with the marketing of the Notes. The
Chairnnan (or his written designee)is hereby authorized and directed to approve any
~rftaer~:,s in or additions to the final form of such Of£cial Statement as the Chairman (or
his written designee) shall deem advisable to cause the final Official Statement to
describe accurately the Notes and matters contained in the Purchase Contract, the
Indenture and the related prnceedings and actions and to execute (or to cause to be so
executed by his written designee) said final Official Statement for and in the name and on
behalf of the Agency.
Section 4. Off cial Action. A1I actions heretofore taken by the officers and agents of
the Agency with respect to the issuance of the Notes are hereby approved, confirmed and
ratified. The Chairman, the Executive Director and the Secretary-Treasurer, the Agency
Treasurer and the General Counsel of the Agency and any and all other officers of the
Agency are hereby authorized and directed, for and in the name and on behalf of the
Agency, to do any and all things and take any and all actions, including execution and
delivery of any and all assignments, certificates, requisitions, agreements (including but
not limited to an agreement for investment of the proceeds of the Notes), notices,
consents, instruments of conveyance, warrants and other documente, which they or any
of them, may deem necessary or advisable in order to consummate the sale, issuance and
delivery oF the Notes to the i3nderwriter pursuant to the documents approved herein.
Section 6. Effective Date. This resolution sball take effect from and after the date
of approval and adoption thereof.
PASSED, APPROVED AND ADOPTED this 12th day of February, 1991, by the
following vote:
AYES:
NOES:
ABSENT:
ABSTI~'FAT^L'I~JiVS:
MEMBERS:
MEMBERS:
MEMBERS:
MEMBERS:
DOMINGUEZ,
NONE
NONE
NONE
STARKEY, WASFIBURN, WINKLER, BUCK
. ~
f~-°- '
W LIAM S. BUCK, H IRMAN
REDEVELOPMENT AGENCY
APPROVED AS TOIFORM & LEGALITY:
STATE OF CALIFORNIA )
C~TYTOF~LAKEVELSINORE ~ SS:
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the 12th day of February, 1991, and that
it was so adopted by the following vote:
AYES: COUNCILMEMBERS: WINKLEREZBUCKARKEY, WASHBURN,
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
CITY OF
(5EFiL)
STATE OF CALIFORNIA )
COUN7Y OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-2 of said Agency, and that
the same has not been amended or repealed.
~A ED: February 13, 1991
, ~~'~' y ~(q' , CITy Clf K
1 I..KI ~
CITY OF LAKE E SINORE
(SEAL;
RESOLUTION NO. R.D.A. 91-2A
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LARE ELSINORE~ RIVERSIDE
COUNTY~ CALIFORNIA~ DESCRIBING A CERTAIN
PROJECT; MAKING A STATEMENT OF THE PIIBLIC
USE FOR WHICH CERTAIN PROPERTIES ARE TO BE
TAREN AND REFERENCE TO STATOTORY AUTHORITY
TO ACQIIIRE SAID PROPERTY BY EMINENT DOMAIN;
DESCRIBING THE GENERAL LOCATION AND EXTENT
OF SAID PROPERTY TO BE TAREN~ DECLARING
FINDING3 AND DETERMINATION3 ON THE PIIBLIC
INTEREST AND NECESSITY FOR SAID PROPERTY;
AUTHORIZING AND DIRECTING EMINENT DOMAIN
PROCEEDING3 TO BE COMMENCED IN 3UPERIOR COURT
TO ACQIIIRE SAID PROPERTY INCLUDING APPLICATION
FOR POSSE3SION OF SAID PROPERTY INCLODING
APPLICATION FOR POSSESSION OF SAID PROPERTY
PRIOR TO JUDGMENT; AND MARING OTHER DETERMINATIONB.
AHEREAS, the Redevelopment Agency is a public entity
organized and existing pursuant to the laws of the State of
California; and
WHEREAS, the Redevelopment Agency of the City of Lake
Elsinore intends to undertake a certain project for public
purposes; and
WHEREAS, in order to accomplish said project, the Board
of
the Redevelopment Agency believes that it is necessary to
acquire by eminent domain certain property, hereinafter
collectively called "subject Property"; and
WHEREAS, pursuant to Section 1245.235 of the Code of
Civil
Procedure, the City Council has fixed a time and place for
the
public hearing on the matters referred to in Section 1240.030
of the Code of Civil Procedure; and
WHEREAS, the Redevelopment Agency has given each person
who owns or claims a right in said Subject Property proposed
to
be acquired by eminent domain and whose name and address
appears on the last Equalized County Assessment Roll notice
and
a reasonable opportunity to be heard in the time, form and
manner required by Section 1245.235 of the Code of Civil
Procedure; and
Resolution NO. RDA 91-2A
WHEREAS, the Redevelopment Agency of the City of Lake
Elsinore has complied with the requirements of Government Code
Section 7267.2 in making a fair market value offer to acquire
Subject property; and
WHEREAS, at said public hearing, the Redevelopment Agency
did hear and consider all testimony written and oral, related
to the matters referred to in Section 1240.030 of the Code of
Civil Procedure.
NOW~ THEREFORE~ THE REDEVELOPMENT AGENCY OF THE CITY OF
LARE ELSINORE DOES HEREBY RESOLVE~ DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. That the above recitals are true and correct.
SECTION 2. That said Subjeot Property to be taken by
eminent domain is for a public use, to-wit:
The widening of Collier Avenue in the City of Lake
Elsinore Redevelopment Area, hereinafter called "Project"; and
SECTION 3. That the Redevelopment Agency of the City of
Lake Elsinore is authorized and empowered to commence eminent
domain proceedings to acquire said subject property pursuant to
the eminent domain law, being Title 7, part III of the Code of
Civil procedure.
SECTION 4. That a description of the general location and
extent of said subject property to be taken by eminent domain
is set forth on Exhibit "A".
SECTION 5. That this Board does find, determine and
declare as follows:
(a) That, to the extent acquisition of said subject
- property results in a remnant, said remnant shall be acquired
by eminent domain herein, pursuant to Section 1240.410 of the
Code of Civil Procedure; and
Resolution No. RDA 91-2A
(b) That, to the extent that said subject property or
interest therein is already appropriated to a public use, the
proposed taking of the subject property will not unreasonably
interfere with or impair the continuance of said public use as
it presently exists or may reasonably be expected to exist in
the future, pursuant to Section 1240.510 of the Code of Civil
Procedure; and
(c) That, to the extent said subject property or interest
therein is already appropriated to a public use, the use
proposed herein is a more necessary public use than that use to
which said subject property is presently appropriated, pursuant
to Section 1240.610 of the Code of civil Procedure, or, in the
alternative, the use proposed herein is a compatible public use
which will not unreasonably interfere with the continuance of
the existing public use, pursuant to Section 1240.530(a) of the
Code of Civil Procedure.
SECTION 6. That this Board of the Redevelopment Agency
does hereby further find, determine and declare as follows:
(a) That the public interest and necessity requires the
Project;
(b) That said Project is planned or located in the manner
that will be most compatible with the greatest
publics good and the least private injury; and
(c) That said subject property sought to be acquired is
necessary for said Project.
SECTION 7. That BROWN, HARPER, BURNS & HENTSCHKE,
attorneys for the Redevelopment Agency of the City of Lake
Elsinore, are hereby authorized and directed to commence an
action in the Superior Court of the State of California, for
Resolution No. RDA 91-2A
the County of Riverside, in the name and on behalf of the
Redevelopment Aqency of the City of Lake Elsinore, against
those persons who appear on record or who are now to have a
claim or interest in said subject property described in Exhibit
"A", for the purpose of acquiring said subject property by
eminent domain for the public use described herein and to make
application of possession of said subject property prior to
Judgment.
SECTION 8. That the officers of the Redevelopment Agency
of the City of Lake Elsinore are hereby authorized and directed
to withdraw necessary sums to deposit with the Superior Court
as the probable compensation that will be awarded in the
eminent domain proceedings to acquire said subject property
described in Exhibit "A"
SECTION 9. That the officers of the Redevelopment Agency
of the City of Lake Elsinore are hereby authorized and directed
to take any appropriate action consistent with the purposes of
this Resolution.
P~SSED, APPROVED AND ADOPTED this 28th day of
1991, by the following vote:
i AYES: BOARD MEMBERS
NOES: BOARD MEMBERS
ABSENT: BOARD MEMBERS
ABSTAIN: f30ARD MEMBERS
>
DOMINf,UEZ, STARKEY, WASFI6URN, ti~IP~KLER, QUCK
P!ONE
~: ~
~,
D10NE
NONE
,
~
. ~ ., ~.... .. ....
REDEVELOPMENT AGENCY Of TFI[ CITY OF LAKE [LSIN012E
/ITTEST:
~~
(/ l (~ !,
_~ ~;,~/,~
VICKI L. KASAD
CLERK OF THE (30ARD
APPROVED AS TO FORM AND LEGALITY:
~ ~
ONN R. HARPER,. LE AL k1NSEl
RESOLUTION R.D.A. N0. 91-~'
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF LAKE
ELSINORE REDEVELOPMENT AGEN'GY AUTAORIZING THE EXECUTIVE
DIRECTOR TO FILE AN APPLICATION FOR A STANDBY LETTER OF CREDIT
WITH SECURITY PACIFIC NATIONAL BANK.
WHEREAS, the Board of Directors took formal action at their April
25, 1991, meeting to approve a mitigation agreement #5-390-90 with the
California Department of Fish and Game; and
WHEREAS, the Board of Directors took formal action to authorize
staff to make application for a Standby Letter of Credit; and
WHEREAS, the Board of Directors now authorizes the Executive
Director to make application for a Standby Letter of Credit in the
amount of $800,000 as outlined in the mitigation agreement; and
WHEREAS, the Agency Counsel attests to the legality and
enforceability of this transaction; and all parties acknowledge the
importande of completing the multi-year mitigation agreement as approved
on Apri1;25, 1991; and
WHEREAS, the City and the City of Lake Elsinore Redevelopment
Agency will execute and will equally be held liable for the full amount
of the Standby Letter of Credit.
NOW, THEREFORE, LET IT BE RESOLVED, that the Board of Directors
authorized the Executive Directors to execute all documents pertaining
to the application of a Standby Letter of Credit in the amount of
$800,000 with the Security Pacific National Bank.
PASSED, APPROVED, this _ llth day of June , 1991, by the
following roll call vote:
AYES: BOARDMEMBERS:
NOES: BOARDMEMBERS:
ABSENT: BOARDMEMBERS:
ABSTENTIONS: BOARDMEMBERS:
DOMINGUEZ, STARKEY, WASHBURN, WINKLER,
BUCK
NONE _
NONE
NONE '`
.._........... ... ........ ......
REDEVELOPMENT AGENCY
ATTES .
. a~ '~---_~
RON MOLENDYK, EXECUTIVE DIRECTOR
APPROVED AS TO FORM AND LEGALITY:
~ v ~
JOHN R. HARPER, A'EN COUNSEL
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki`Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY.CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the llth day of June, 1991, and that
it was so adopted by the £ollowing vote:
AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WASHBURN,
WINKLER, BUCK
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
~~. ~~
~
VICKI LYNNE SAD, CITY CLERK
CITY OF LAK ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-3 of said Agency, and that
the same has not been amended or repealed.
DA ED: June 12, 1991
~ _ , ~~~~
V CKI L.NNEIIKAS D, CITY CLERK
CITY OF LAI~ ELSINORE
(SEAL)
RDFl
RESOLUTION N0. 91-4
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE, CALIFORNIA, APPROVING AND ADOPTING THE
BUDGET FOR FISCAL YEAR 1991/1992 AND APPROPRIATING THE
FUNDS NECESSARY TO MEET THE EXPENDITURES SET FORTH
THEREIN.
WHEREAS, the Executive Director has submitted to the Board of Directors of the
Lake Elsinore Redevelopment Agency a budget for Fiscal Year 1991/1992, having proposed
expenditures for all funds in the amount of $17,397,000 and projected revenues and
carry-over funds which total $17,900,500: and
NOW, THEREFORE, the Board of Directors of the Lake Elsinore Redevelopment Agency
does hereby find, determine and declare that the budget for Fiscal Year 1991/1992 is
hereby PASSED APPROVED AND ADOPTED this 25th day of June, 1991, by the following vote:
AYES: BOARDMEMBERS:
NOES: BOARDMEMBERS:
ABSENT: BOARDMEMBERS:
ABSTAIN: BOARDMEMBERS:
ATTEST:
~~ ~ v ~-~-~/"l~
RONALD MOLENDYK, SEC TARY
APPROVED AS ~TOIFORM AND LEGALITY:
BUCK, DOMINGUEZ, STARKEY, WINKLER, u!ASHBURN
NONE
NONE
,
LAKE ELSINORE REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki •Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the 25th day of June, 1991, and that
it was so adopted by the following vote:
AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WASHBURN~
WINKLER, BUCK
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
~
VICKI LYN~E SAD, CITY CLERK
CITY OF LAKE LSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-4 of said Agency, and that
the same has not been amended or repealed.
D: June 28, 1991
CITY OF
(SEAL)
RDA
RESOLUTION N0. 91- 5
A RESOLUTION OF THE REDE~ELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE, CALIFORNIA
• REQUESTING THE TAX COLLECTOR OF THE
COUNTY OF RIVERSIDE TO PLACE SPECIAL TAXES
ON THE BILLS OF CERTAIN PROPERTIES.
WHEREAS, the Board of Directors 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 N0. 90-2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
(hereinafter referred to as the CFD 90-2); and
WNEREAS, in 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 l 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; and
NOW, THEREFORE, the Board of Directors of the Redevelopment Agency of
the City of Lake Elsinore does hereby resolve as follows:
1. That the portion of the principal, interest and other costs
related to CFD 90-2 due or coming due through June 30, 1992, 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).
2. That the properties to be so assessed and the related amounts
are submitted on magnetic tape as requested by the Riverside County Tax
Collector, further identified as County Fund No. 68-2364.
RDA
PAGE TWO - RESOLUTION N0. 91- 5
PASSED, APPROVED AND
1991, py the followi~g vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ADOPTED this 9th day of ~U~Y ,
DOMINGUEZ, STARKEY, WASHBURN, ti~INKLER, BUCK
P!ONE
NONE
NONE
~ ~. ~~
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
AT EST:
~ ~
VICKI L. KASAD
CLERK OF THE FiOARD
APPR011ED AS TO FORM AND LEGALITY:
L~
OHN R. HARPER, LE'AL NSEL
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 1991-1992
FUND NUMBER 68-2364
TOTAL PARCELS
TOTAL CHARGES
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki~Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the 9th day of July, 1991, and that
it was so adopted by the following vote:
AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WASHBURN,
WINKLER, BUCK
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
~
VICKI LYNN KASAD, CITY CLERK
CITY OF' LA ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-5 of said Agency, and that
the same has not been amended or repealed.
D TED: July 10, 1991
.~.`~ ~~~~
VICKI LYN KASAD, CITY CLERK
CITY OF LAKE ~LSINORE
(SEAL)
RESOLUTION N0. RDA 91-6
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE FINDING AND
DECLARING THAT THE REQUIREMENTS OF LOW
AND MODERATE INCOME HOUSING IN ALL PROJECT
AREAS ARE BEING MET.
WHEREAS, Section 33334.2 of the Redevelopment Law requires that for
every redevelopment plan adopted after January i, 1977, not less than twenty
percent (20%) of tax revenues be set aside in a separate low and moderate
income housing fund and be used for the purpose of increasing and improving
the community's supply of low and moderate income housing, unless one of the
following findings is made:
1. That no need exists in the community, the provision of which
would benefit the project area, to improve or increase the
supply of low and moderate income housing;
2. That some stated percentage less than twenty percent (20%) of
the taxes which are allocated to the agency is sufficient to
meet such housing needs; or
3. That a substantial effort to meet low and moderate income needs
in the community is being made and that this effort, including
the obligation of funds currently available for the benefit of
the community from state, local and federal sources for low and
moderate income housing alone or in combination with tax
revenues, is equivalent in impact to the funds otherwise
required to be set aside; and
WHEREAS, Resolution 89-1 of the Redevelopment Agency of the City of
Lake Elsinore made findings that all low and moderate income housing within the
City, even though outside a project area, is of benefit to the project areas;
and,
WHEREAS, the guidelines defining low and moderate income housing as
promulgated by the U. S. Department of Housing and Urban Development are the
criteria for determining qualification of low and moderate income housing; and
WHEREAS, the 1991 HUD guidelines as applied to Riverside County
define the area median income at $36,000.00 for low and moderate income housing
purposes; and
WHEREAS, the Regional Housing Needs Assessment for 1988, as published
RESOLUTION N0. RDA 91-6
by the Southern California Association of Governments, and the City's General
Plan housing eTement identifies for Lake Elsinore 6,644 total residential units
of which 2,758 (41.5~0) are classified as "Lower Income Housing Units", and
permits issued since those findings produced another 498 units, thus bringing
to a total 7,142 units with forty percent (40%) or 2,855 classified as "Lower
Income Housing Units".
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the housing available to low and moderate income
families in the City of Lake Elsinore substantially exceed twenty
percent (20%) of the total available housing.
SECTION 2. The finding is made that the low and moderate income
housing needs in the City of Lake Elsinore are being met and no
need exists to set aside twenty percent (20%) of the tax increment
revenue generated in any project area for the 1989-90 and 1990-91
fiscal years.
SECTION 3. The Secretary of the Agency will certify to the
adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 13th day of August, 1991, upon the
following vote:
AYES: BOARDMEMBERS: DOP9I~~UEZ, STARKEY, WASHBURPJ, WINKLER, BUCK
NOES: BOARDMEMBERS: NOPlE
ABSENT: BOARDMEMBERS: NONE
ABSTAIN: BOARDMEMBERS: fdONE
APPROVED AS TO FORM & LEGALITY:
~ L ~
JOHN HARPE , L GA CO EL
REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE
CLERK Of THF ~OARD
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO AEREBY CERTIFY that the foregoing Resolution duly adopted by the
Redevelopment Agency of the City of Lake Elsinore at a regular
meeting of said Agency on the 13th day of August, 1991, and that
it was so adopted by the following vote:
~
VICKI L
CITY OF
(SEAL)
ELSINORE
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
AYES: COUNCILMEMBERS: DOMINGUEZ, STARKEY, WASHBURN,
WINKLER, BUCK
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
A~STAIN: COUNCILMEMBERS: NONE
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
correct copy of Resolution No. RDA 91-6 of said Agency, and that
the same has not been amended or repealed.
: AugttSt 19, 1991
V1CKI LYNNE ~SAD, CI
CITY Ok' I~P_K ELSINORE
(SEAL)