HomeMy WebLinkAboutResolution - 2295 RESOLUTION NO. 2295
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA APPROVING THE ANNUAL SPECIAL
ASSESSMENT FOR ASSESSMENT DISTRICT NO. 87-1
WHEREAS, the City Council of the City of San .Jacinto has initiated and
conducted proceedings, under the terms and provisions of the Municipal
Improvement Act of 1913, being Division 12 (commencing with section 100000)
of the Streets and Highways Code of the State of California, for the acquisition
and construction of certain public works of improvements, together with
appurtenances and appurtenant work in a special assessment district designated
as Assessment District No. 87-1; and
WHEREAS, the City Council, by resolution, has determined and declared
that the bonds should be issued under the provisions of the Improvement Bond
Act of 1915, being Division 10 (commencing with Section 8500) of the Streets
and Highways Code of the State of California; and
WHEREAS, all assessments in the district were levied without regard to
property valuation;
NOW, THEREFORE, BE IT RESOLVED as follows:
SECTION 1: That the above recitals are all true and correct.
SECTION 2: That the amount of the assessments to be collected to pay
for the costs and expenses for fiscal year 2001-2002 for the District is hereby
determined and established as set forth in Exhibit "A° of that certain document
entitled "Attachments for Tax Roll Resolutions; Council Meeting 812/2001"
attached hereto and incorporated herein by this reference.
SECTION 3: That the amounts set forth in Exhibit "A," as referenced
above, do not exceed the amounts as previously authorized by resolution of the
City Council.
SECTION 4: That the proceeds of the levy shall be used to pay, in whole
or in part, the costs and expenses associated with the issuance of the bonds.
The proceeds of the assessments shall be used as set forth and shall not be
used for any other purpose.
SECTION 5: The assessments tax shall be collected in the same manner
as ordinary ad valorem property taxes are collected, and shall be subject to the
same penalties and the same procedure and sale in cases of any delinquency for
ad valorem taxes, and the Tax Collector is hereby authorized to deduct
reasonable administrative costs incurred in collecting any said special tax.
SECTION 6, All monies collected shall be paid into the funs and accounts
established pursuant to the governing documents of the District.
SECTION 7: The Auditor-Controller of the County of Riverside is hereby
directed to enter in the next County assessment roll on which taxes will become
due, opposite each lot or parcel of land affected in a space marked "public
improvement, special tax" or by any other suitable designation, the installment of
the special assessment, and for the exact rate and amount of said assessment
as set forth in Exhibit "B" of the previously referenced "Attachments for Tax Roll
Resolutions; Council Meeting 812/2001."
SECTION 8: The County Auditor-Controller shall then, at the close of the
tax collection period, promptly render to the City a detail report showing the
amount and/or amounts of such special assessment installments, interest,
penalties and percentages so collected and from what property collected, and
also provide a statement of any percentage retain for the expense of making any
such collection.
APPROVED AND ADOPTED this 2nd day of August, 2001 by the
following vote:
AYES: Ayres, Carlson-Buydos, Conner, Good
NOES: None.
ABSTAIN: None.
ABSENT: Williams
Patrick A. Williams, Mayor
ATTEST:
Susan Matthew, City Clerk
ATTACHMENTS FOR TAX ROLL RESOLUTIONS
Council Meeting $12/2001
ASSESSMENT DISTRICT 87-1
Memorandum
TO: Anthony J. Bellance, CPA
Riverside County Auditor Controller
FROM, Bernard Simon,
Finance Director
Subject: Compliance with Proposition 218
The City of San Jacinto represents that the charges associated with property tax fund 58-
2805 identified on the County Tax Rol) as Assessment District 87-1 are in compliance
with the articles of Proposition 218 cited below.
The County Auditor-Controller/ County of Riverside agrees to enter all assessments, fees,
charges or takes for the City upon receipt of such roll on or about August 9,2001 based
upon such certification.
The City shall bc solely liable and responsible, and will defend, indernnify and hold the
County and this office harmless from any liability as a result of claims or claims for
refunds and related interest due filed by taxpayers against any assessments, fees, charges
or taxes placed on the roll for the City by the County.
Article XI11 C. Sec_2 c `Any general tax imposed, extended or increased, without voter
approval, by any local government on or after January 1, 1995, and prior to the effective
date of this article, shall continue to be imposed only if approved by a majority vote of
the voters voting in an election on the issue of the imposition, which election shall be held
within two years of the effective date of this article and in compliance with subdivision
(b)-
Article X111 D. Sec. 5 "...this article shall become effective the day after the election
unless otherwise provided. Beginning July 1, 1997, all existing new, or increased
assessments shall comply with this article. "
Article X111 D. Sec. 6 (d) "Beginning July 1, 1997, all fees or.charges shall comply with
this section. "
CITY OF SAN JACINTO August 1, 2001
Attest By:
Susan Matthew,
City Clerk
CITY OF 5AN JACINTO
Assessment District No. 87-1
Fiscal Year 2001/2002 Levy Worksheet
=on2001/92 Amount 2000101 Amount lncreastl(i]ecrease)
Principe.] S99,999,99 $90,000.00 $9,999.99
Interest 50,999-99 a-. 50_00 (7,650,01)
subratal S150,999,98 $148.650.00 32,349.98
Agency administrative costs 1,000.00 1,000,00 - 0.00
TrusteciPaying Agent costs ic'moAO 2,600.00 7,400.00
vuntycollection 1ocs(1) 45.67 51.92 (6.25)
Arbitrage calculation costs 0.00 000 0.00
ontinuing disclosure costs 0.00 0.00 0.00
Administration cases 2,548.00 1,548.00 800.00
Administration expcvses 250.00 250.00 0,00
Other case 0 00 0.00 0.00
swbrora! $13,642.67 S5,649.92 $8,193.75
Del,management charges 0.00 0.00 0,00
Manual adjustment5(2) ()AD 0,00 0.00
,W anstruction Fund credit 0.00 0.00 0,0
Reserve Fund credit 0.00 0.00 0,00
Redemption Fund credit 0.00 0,00 0,00
Miscellaneous adjustments 0.00 9.04 1)04
.Subtotal 50.00 $0.04 (5004
�ApportioUT"ehIP)
$164,643.65 $154,099.96 530,563.69
5164,597.98 $154,048.04 $10.549.94
5n/o Nb!'fa Fxreed S16 $192.00 $]92.p0 S0.00
1'arceb levied 12 12 0
(1) Total Annual Loq reduced by the collection fee taken by the County Andilm-Conlrn0u.
If the county adds their collection kc to what Is mbavned,no charge is shown.
(2) Recovered from the spsxific parcels to which expenses were incurred.
(3) Amount tv 6c disbuncd by Tax CoHzc r if 100%conet4on is made,
Fund/Arcnuot 5/31/01 Balance Investment Tye Investment Rate
onstruclion Fund
Reserve Fund
Redemption Fund $896.00 Money Mkt 1,19%
Cos
t of Issaance Fund
Other
Tata1 $896.00 .
LCM A al
Approved and Signed by Bernie Simon 07/17/2001
signatun Date
q:NjactntnU 915w1b7roll'aT_e l o2zls
r
ASSESSMENT DISTRICT 87-1
EXHIBIT A
Exhibit A
Assessment District No. 87-1
Calculation of Annual Assessments
The annual assessment amount for each unpaid parcel within AD 87-1 is based on a
repayment schedule which shows the amounts to be collected each year to pay off the parcel's
share of the bonded debt. To determine net assessment amounts for each parcel, the following
steps are taken:
• The parcel's principal and interest payment for the year is taken from its anginal
repayment schedule.
• Subtract a pro rata share of the interest earnings credited toward the assessments, if any,
• Add the parcel's pro rata share of paying agent, City staff and other costs of managing the
assessment district per �8682.1 of the California Streets and Highways Code.
+ Add the parcel's administration fee per §8682 of the California Streets and Highways Code,
which is equal to the lesser of$16.00 or 51/6 of principal plus interest.
The amount of installments for all parcels is totaled to arrive at the aggregate assessment levy.
Debt Service Requirements
The actual amounts due from active parcels during the 2001/02 tax year are shown below.
Interest due March 2, 2002 $25,500.00
Principal due September 2, 2002 99,999,99
Interest due September 2, 2002 25,499.99
Total Debt Service $150,999.98
Administrative Cost Recovery
Costs for Fiscal Year 2001/02 administration have been estimated and will be recovered
through the annual levy in accordance with §8682 and §8682.1 of the California Streets and
Highways Code.
Paying Agent Fees $10,000.00
Administrative Consultant 2,348.00
Expense Budget 250.00
Delinquency Collection Fees 0.00
City Staff Fees 1,000.00
Total City Costs $13,598.00
County Fees (deducted from proceeds) 45.67
Total Administration Costs $13,643.67
Total Fiscal Year 2001/02 Assessment
The total Fiscal Year 2001/02 Assessment is as follows:
Total Debt Service $150,999.98
Total Administration Costs 13.643.67
Total Assessment $164,643,65
ASSESSMENT DISTRICT 87-1
EXHIBIT B
cty o of �a >
ru County of Rivers +lififornia NIT
87-1 - Assessment District No-87-1
8/1/2001 Billing Preliminary Detail Report
ccount ID Property ID Principal Interest Pro-rala Misc Adj Total
3-)6o-024 413.16A-02.4- S4,12D 75 S2,10158 5562.22 (54.01) 36,784.54
4-160-027 431-160-D27. 5,261.76 2,686,56 718,72 0.00 a,67104
13.160-028 433-160-028- 4,12075 2101.58 567.22 (401) 6,76454
43.160-029 433-160-029- 4,22695 2,155.75 576.71 (0.01) 6.459,40
0-160-032 433-160-032- 5,267.76 269656 719.72 0.0 8.671N
{3-160-033 433-160-033- 11,979.91 6,109.75 1.634.50 0.00 19,124.t6
11-160A34 413.160-034- 4,226.96 2,155.7S 576.71 000 6,959.42
43-M.635 433-160-035- 15,060.54 7,680.87 2,054,81 0.00 24,796.22
{M60-036 433-160-016- 948901 4.939,39 1,194,65 (o.01) 15,623.04
43-I60-037 431160-037- 7,189.]D 4.686,44 1.25373 (0.ol) 15.129.26
i3-160038 433-160-038- 10.31(L03 5.261,18 1.407.49 0.00 16,994.70
"-160-039 433.160.039- 16134-47 9,534.53 2.293.20 (0.01) 27,552.24
rotals: 12 599,999.99 S50,999.99 S13,643.68 -$0.06 $164,643.60
01499-2000 7/202001 16 11:16An9
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