HomeMy WebLinkAboutResolution - 2259 i RESOLUTION NUMBER 2259
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO,
CALIFORNIA, SUSPENDING AND DISCONTINUING THE LEVY OF THAT PORTION
OF THE. ANNUAL SPECIAL TAX FOR COMMUNITY FACILITIES DISTRICT NO. 1
RELATED TO POLICE AND FIRE
THIS RESOLUTION IS ADOPTED WITH REFERENCE TO THE FOLLOWING FACTS:
WHEREAS, the City Council of the City of San Jacinto, California, (the "Legislative Body"),
previously formed Community Facilities District No. 1 (the "Community Facilities
District") pursuant to Resolution No. 1722, adopted August 4, 1987 in accordance
with the Mello-Roos Community Facilities Act of 1982(California Gov.Code Section
53311 et seq.), and authorized the issuance of bonds of the Community Facilities
District in an amount not to exceed $17,100,00 (the "CFD Bonds") pursuant to
Resolution No. 1747, adopted May 3, 1988; and
WHEREAS, the Legislative Body authorized the levy of a special tax upon owners of property
within the Community Facilities District pursuant to the rate and method of
apportionment of special tax attached to Resolution No. 1122 as Exhibit A (the
"Special Tax"), a portion of which is levied as a public safety tax for police and fire
services, ; and
WHEREAS, the Legislative Body formed Assessment District No. 94-1 (the "Assessment
District") pursuant to Resolution No. 2005, adopted June 21, 1994, and authorized
the issuance of bonds of the Assessment District (the"Assessment District Bonds")
pursuant to Resolution No. 2216, adopted July 26, 1994; and
WHEREAS, the issuance of the Assessment District Bonds was for the purpose of redeeming the
CFD Bonds, thereby discharging the lien of special taxes for the payment of debt
service of the Community Facilities District on the CFD Bonds, with the result that
the only special taxes to be levied by the Community Facilities District relate to
payment for police and fire services; and
WHEREAS, property owners within the Community Facilities District have signed a petition
requesting the Legislative Body to suspend the levy of the annual police and fire tax
component of the Special '1 ax; and
WHEREAS, the Legislative Body desires to suspend the levy of the police and fire tax component
of the Special Tax, while ensuring the timely retirement of the debt service for the
CFD Bonds, pursuant to all legal requirements; and
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NOW THEREFORE BE IT RESOLVED by the City Council of the City of San Jacinto, as
follows:
section 1. That the above recitals are true and correct.
Section 2. That the Legislative Body hereby suspends for Fiscal year 2000-2001 and
discontinues thereafter the levy of that portion of the Special Tax for the
Community Facilities District related to police and fire.
Section 3. That such suspension of the levy of the police and fire tax component of the
Special Tax for the Community Facilities District has been undertaken in
compliance with all legal requirements,and does not jeopardize the obligation
that the Special Tax shall be used to pay the principal of,and any interest on,
the outstanding authorized CFD Bonds, and the necessary replenishment of
bond reserve funds or other reserve funds for the CFD Bonds.
ADOPTED, SIGNED AND APPROVED at a regular meeting of the City Council of the
City of San Jacinto duly held this 20th day of July, 2000.
Patrick A. Williams, Mayor
Attest:
City Cierk
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State of California )
County of Riverside } ss
City of San Jacinto )
1, Grace Al vare z , duly appointed City Clerk of the City of San Jacinto, do hereby certify
that the foregoing Resolution Number 2259 was duly adopted at a regular meeting of the City
Council held on the 20th of July, 2000, by the following called vote:
Ayes: Ayres, Good, Carlson Buydos, and Williams
Noes: None
Absent: Conner
Witness my hand and sea]the 20th day of July, 2000.
City Clerk
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