HomeMy WebLinkAboutCC Reso No 1998-20l
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RESOLUTION NO. 98-20
' RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE ACTING ON BEHALF OF COMMUNITY FACILITIES
DISTRICT NO. 98-1 CANVASSING THE RESULTS OF THE ELECTION
HELD WITIi2N CONII~'lONITY FACILITIES DISTRICT NO. 98-1
WHEREAS, the City Council
California (the "Council") has
pertaining to the formation of
Facilities District No. 98-1 (the
indebtedness in the amount of not
District, the rate and method of
pay the principal and interest o
of the City of Lake Elsinore,
previously conducted proceedings
City of Lake Elsinore Community
"District"), the authorization of
to exceed $20,000,000 within the
apportionment of a special tax to
n 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 July 14, 1998, an election was held within the
District relative to the authorization of not to exceed $20,000,000
of indebtedness, the rate and method of apportionment of the
proposed 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 tax and establishing an
appropriations limit for the District was approved by the qualified
electors of the District;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO.
98-1, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. It is hereby determined that the election
conducted within the District was duly and validly conducted.
Section 2. The Council, acting as the legislative body of the
District, is authorized to levy the special tax on behalf of the
District, as specified in Resolution No. 98-15 adopted by the
Council on June 23, 1998.
Section 3. The Council is authorized to incur indebtedness on
behalf of the District within said District in the maximum amount
of $20,000,000.
Section 4. The Council is authorized to establish an
appropriations limit for the District.
DK09720/962858/266803.03_
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ADOPTED, SIGNED AND APPROVED, this 14th day of
July , 1998.
CITY COUNCIL OF THE CITY OF LASZE
ELSINORE ACTING AS THE LEGISLATIVE
BODY OF CO IT`~/~ FACILITIES
DISTRICT NO. 8-1. / ~
By
Nam~: i
TitLle:
P'S;~ST:,,
J~.~~ A
~:ity ~l erlc
APP~.OVED AS i.0 LEGAL FO~M:
1~1~-
, CITY ATTORNEY
UPON THE FOLLOWING VOTE:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
BRINLEY, KELLEY, METZE, PAPE
ALONGI
NONE
NONE
OK09720/962858/266803.03_
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI 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 14"' day of July, 1998, and that it was so adopted by the following
vote:
AYES: COUNCILMEMBERS: BRINLEY, KELLEY, METZE, PAPE
NOES: COUNCILMEMBERS: ALONGI
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
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vT~SA~JS CITY CLERK
!"iTY OF LAi~E, ~LSINORE
(4~;AL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINOR~)
I, VICKI 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. 98-20 of said Council, and that the same has not been amended or repealed.
DATE: July 30,1998
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"~1~1K~c S , CT CLERK
Ci~Y OF LAKE ELSINORE
(SiE~i~~.)