HomeMy WebLinkAboutCC Reso No 2005-106RESOLUTION N0.2005-106
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 COMMUNITY FACILITIES
DISTRICT NO. 2005-5 (VILLAGES AT WASSON
CANYON)
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. 2005-5 (Villages at Wasson Canyon)
(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 $8,500,000 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 establishment of an
appropriations limit, and the calling of an election in regard to the foregoing; and
WHEREAS, on August 9, 2005, 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 $8,500,000 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 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.
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.
2005-104 (the "Resolution of Formation") adopted by the Council on August 9, 2005.
CITY COUNCIL RESOLUTION N0.2005-106
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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 $8,500,000.
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 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 9~' day of August, 2005.
CITY
City of Lake
ATTE.
Frederick ay, Deputy City Clerk
City of Lake Elsinore
AS
Attorney
City of Lake
CITY COUNCIL RESOLUTION N0.2005-106
Page 3 of 3
STATE OF CALIFORNIA )
ss.
COUNTY OF RIVERSIDE )
I, Frederick Ray, Deputy City Clerk of the City of Lake Elsinore, do hereby certify
that the foregoing Resolution was duly adopted by the City Council of said City at a
regular meeting thereof held on the y m day of August, 2005, and that it was so adopted by
the following vote:
AYES:
NOES:
ABSENT
ABSTAIN
COUNCILMEMBER; BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
COUNCILMEMBERS: NONE
COUNCILMEMBERS: NONE
COUNCILMEMBERS: N 1vE
By:
Deputy City C r of the City of Lake Elsinore