HomeMy WebLinkAboutCC Reso No 2005-012RESOLUTION NO. 2005 - 12
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LAKE ELSINORE CANVASSING THE
RESULTS OF THE ELECTION HELD WITHIN THE
CITY OF LAKE ELSINORE COMMUPTITY
FACILITIES DISTRICT NO. 2005-1 (SERE1vITI~
WHEREAS, the City Coun~iP (tlae "~~uncil") of the City of Lake Elsinare
(the "City") has previously conducted proceedings pertaining to the formation of
the City of Lake Elsinore Community Facilities District No. 2005-1 (Serenity) (the
"CFD"), the authorization of indebtedness in the amount not to exceed
$12,000,000 within the CFD, the rate and method of apportionment for the levy
and collection of special taYes (the "Special Tax") to pay the principal and interest
on bonds issued or other debt, the establishment of an appropriations limit, and the
calling of an election in regard to the foregoing; and
WHEREAS, on January 25, 2005, an election was held within the CFD
relative to the authorization of not to exceed $12,000,000 of indebtedness within
the CFD, the rate and method of apportionment of the Special Tax, and the
establishinent of an appropriations limit; and
WHEREAS, at such election the proposal for incurring the bonded
indebtedness, the rate and method of apportionment and manner of collection of
the Special TaJC and establishing an appropriations limit for the CFD was approved
by the requisite 2/3 of the votes cast by qualified electors of the CFD, 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 deternuned that the election conducted within the CFD
was duly and validly conducted.
Secrion 2. The Council, acring as the legislative body of the CFD, is
authorized to levy the Special TaY on behalf of the CFD, as specified in the
Resolution of Formation.
Section 3. The Council is authorized to incur indebtedness on behalf of the
CFD in the maximum amount of $12,000,000.
45552226.1
Section 4. The City is authorized to establish an appropriations limit for the
CFD.
Section 5. 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.
PASSED, APPROVED AND ADOPTED this Zsth day of
JanuarY , 2,~~5.
CITY OF LAKE ELSINORE
By: t
Title: ayar
~
Clerk of the Ciry of Lake Elsinore
assszzze.i
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICHI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by
the City Council of the City of Lake Elsinore at a Regular Meeting of said Council on the
25h of January, 2005, and that it was so adopted by the following vote:
AYES:
COUNCILMEMBERS:
BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
MC, CI LERK/
HUMAN RESOURCES DIRECTOR
CITY OF LAKE ELSINORE
(SEAL)
STATE OF CALIFOItNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE)
NONE
NONE
NONE
I, VICHI 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. 2005-12 of said Council, and that the same has not been amended or
repealed.
DA E: January 26, 2005
/'~-~C~--~ / ~'~~
VICHI KASAD, CMC, CITY CLERK/
HUMAN RESOURCES DIRECTOR
CITY OF LAKE ELSINORE
(SEAL)