HomeMy WebLinkAboutCC Reso No 2005-040RESOLUTION NO. 2005 - 40
RESOLUTION OF TI~ CITY COUNCIL OF THE
CITY OF LAKE ELSINORE CANVASSING THE
RESULTS OF THE ELECTION HELD WITHIN
IMPROVEMENT AREA NO. 1 AND IMPROVEMENT
AREA NO. 2 OF TI3E CTTY OF LAKE ELSINORE
COMMLTNITY FACILITIES DISTRICT NO. 2004-3
(ROSETTA CANYOl~
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. 2004-3 (Rosetta
Canyon) (the "CFD"), the authorization of indebtedness in the amounts not to
exceed $23,000,000 and $28,000,000 within Improvement Area No. 1 and
Improvement Area No. 2, respectively, of the CFD, the rate and method of
apportionment for the levy and collection of special taxes (the "Special Ta7c") to
pay the principal and interest on bonds issued or other debt, and the establishment
of an appropriafions limit, and the calling of an election in regard to the foregoing;
and
WHEREAS, on March 22, 2005, an election was held within Improvement
Area No. 1 and Improvement Area No. 2 of the CFD relative to the authorization
of not to exceed $23,000,000 and $28,000,000 of indebtedness within
Improvement Area No. 1 and Improvement Area No. 2, respectively, of the CFD,
the rate and method of apportionment of the Special Tax, and the establishment 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 Talc and establishing an appropriations limit for each Improvement
Area No. 1 and Improvement Area No. 2 of the CFD was approved by the requisite
2/3 of the votes cast by qualified electars of Improvement Area No. 1 or
Improvement Area No. 2 of the CFD, as applicable;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
45559945.1
Section L It is hereby deternuned that the election conducted within each
Improvement Area No. 1 and Improvement Are No. 2 of the CFD was duly and
validly conducted.
Section 2. 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 Resolution
No. 2005 - (the "Resolution of Formation") adopted by the Council on
March 22, 2005.
Section 3. The Council is authorized to incur indebtedness on behalf of the
CFD for Improvement Area No. 1 and Improvement Area No. 2 of the CFD, in the
maximum amounts of $23,000,000 and $28,000,000, respectively.
Section 4. The City is authorized to establish an appropriarions limit for
Improvement Area No. 1 and Improvement Area No. 2 of the CFD.
Section 5. The City Clerk is hereby directed and authorized to record norice
of the special taa~ 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 22nd day of
March , 2005.
APPROVED AS TO FORM:
City Attorney
45559945.1
STATE OF CALIF012NIA )
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
22nd of March, 2005, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS:
ffiCKMAN, KELLEY, SCHIFFNER,
MAGEE
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABS N: COUNCILMEMBERS:
c~t~C~
L':CHI ILASAD, C. C, CITY CLERK/
i~JMA1V R~SOURCES DIRECTOR
~1~Y OF LAKE ,'ELSINORE
(SEA~)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE)
NONE
BUCKLEY
NONE
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correM copy of
Resolution No. 2005-40 of said Council, and that the same has not been amended or
repealed.
DA o Apri114, 2005
~ ~~~~-B't
~ CHI KASAD, CMC, CITY CLERK/
I3UMAIV RES~URCES DIRECTOR
~'I`1'Y O~ LAKE ELSINORE
(SErSL)