HomeMy WebLinkAboutCC Reso No 2005-143RESOLUTION NO. 2005-143
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. 2005-6 (CITY CENTER
TOWNHOMES)
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. 2005-6 (City Center Townhomes) (the
"CFD"), the authorization of indebtedness in the amount not to exceed $5,000,000 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 September 13, 2005, special elections were held within the CFD
relative to the authorization of not to exceed $5,000,000 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 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 L 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 Special Tax on behalf of the CFD, as specified in Resolution No.
2005- 141 (the "Resolution of Formation") adopted by the Council on September 13,
2005.
SECTION 3. The Council is authorized to incur indebtedness on behalf of the
CFD in the maximum amount of $5,000,000.
SECTION 4. The City is authorized to establish an appropriations limit for the
CFD.
CITY COUNCIL RESOLUTION N0.2005-143
Page 2 of 3
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 13 day of SEPTEMBER >
2005.
AYES: COUNCILMEMBERS: BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
ATTEST
Fredrick Ray, I~iuty City Clerk
City of Lake Elsinore
B~lrbara Zeid ibold, City Attorney
City of Lake lsinore
STATE OF CALIFORNIA }
COUNTY OF RIVERSIDE } SS:
CITY OF LAKE ELSINORE }
I, FREDERICK RAY, DEPUTY CITY CLERK OF THE CITY OF LAKE
ELSINORE, 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 ~
day of pSE TEMRFR2005, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS:BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS:NONE
ABSENT: COUNCILMEMBERS:NONE
ABSTAIN: COUN,CILMEMBERS:NONE
FREDERICK R~I~'EPUTY CITY CLERK
CITY OF LAKE ELSINORE
(SEAL)