HomeMy WebLinkAbout1993-10-12 - AGENDA REPORTS - VALENCIA TOWN CENTER (2)AGENDA REPORT
CONSENT CALENDAR
DATE: October 12, 1993
SUBJECT: COMMUNITY FACILITIES DISTRICT
CLARITA (VALENCIA TOWN CENTER)
Resolution No.: CFD 93-1-1
DEPARTMENT: Finance
BACKGROUND
City Manager
Item to be presented by:
Steve Stark S5
NO. 92-1 OF THE CITY OF SANTA
On August 25, 1992, the Santa Clarita City Council passed Ordinance No. 92-1-1, authorizing the
levy of a special tax within Community Facilities District No. 92-1 (Valencia Town Center).
Adoption of Resolution No. CFD 93.1.1 will levy the special taxes for Fiscal Year 1993-94 upon all
properties within Community Facilities District No. 92-1 which are not otherwise exempt from
taxation. The amount of the levy on each assessor's parcel is set forth in Exhibit A to the
Resolution.
State statutes require that each year prior to the payment date for the bonds debt service, a
resolution be adopted, levying the special tax at an amount sufficient to meet debt service but not
to exceed the maximum special tax as set forth in the original Engineer's Report on file with the
City Clerk.
The special tax will be separately billed by City staff to be collected prior to the November 15, 1993
and May 15, 1994 payments due on the bonds Issued for this District.
That the City Council approve Resolution No. CFD 93-1-1, authorizing and providing for the levying
of special taxes within said District and directing staff to prepare and deliver special tax bills to the
property owners.
ATTACHMENTS
Resolution No. CFD 93-1-1
Exhibit A
Boundary Map
Adopted: /P 2— 9----3BM:hds qg
counciftfd9 ttxn Agenda
RESOLUTION NO. CFD 93-1-1
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA CLARITA
AUTHORIZING AND PROVIDING FOR THE LEVYING
OF SPECIAL TAXES WITHIN COMMUNITY FACILITIES
DISTRICT NO. 92-1 (VALENCIA TOWN CENTER)
WHEREAS, the City Council of the City of Santa Clarlta, (the "Council") has heretofore
taken proceedings pursuant to the Mello -Roos Community Facilities Act of 1982, as amended, (the
"Act") for the establishment of Community Facilities District No. 92-1 (the "District'); and
WHEREAS, following a special election of the qualified electors of the District, this
Council, on August 25, 1992, acting as the governing body of the District, adopted Ordinance
No. 92-1-1 ("Ordinance") which provided for the levying and collection of special taxes within the
District, as provided in the Act and Ordinance and as approved by the qualifled electors; and
WHEREAS, It is now necessary and appropriate that this Council levy and collect the
special taxes for Fiscal Year 1993.94, by the adoption of a resolution as specified by the Act and
Ordinance;
NOW, THEREFORE, IT IS HEREBY RESOLVED as follows:
Section 1. In accordance with the Act and Ordinance, there Is hereby levied upon all
properties within the District which are not otherwise exempt from taxation under the Act or
Resolution the special taxes for Fiscal Year 1993-94 set forth in the Resolution at the tax rates as
set forth therein and In Exhibit "A" hereto, as may be amended without further action of the Council
to reflect updated Information on assessor's parcel numbers from the County of Los Angeles. The
City Engineer Is hereby authorized and directed to establish the final rates to be levied, which final
rates shall not exceed the maximum rates set forth In Exhibit A.
Section 2. The above -authorized special taxes shall be collected directly by the City.
If any amount levied pursuant hereto for the payment of interest and principal of the bonds of the
District, If any, are not paid when due, this Council shall, If required, within 150 days of such
nonpayment, orderthat the same be collected by an action brought In Los Angeles County Superior
Court to foreclose the lien securing the payment of same, as authorized by the Act and Ordinance.
PASSED, APPROVED AND ADOPTED this _______ day of
.1993.
Mayor
RESOLUTION NO. CFD 93-1-1
October 12, 1993 - Page 2
ATTEST:
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF SANTA CLARITA )
1, Donna M. Grindey, City Clerk, DO HEREBY CERTIFY that the above and foregoing Resolution was
duly adopted by the City Council of the City of Santa Clarlta at a regular meeting thereof, held on
the day of 1993 by the following vote of Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
City Clerk
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EXHIBIT A
PROPOSED SPECIAL TAX
FISCAL YEAR 1993-94
The maximum special tax as specified In the original Engineer's Report that could be collected is
$40,628 per acre for Fiscal Year 1993-94.
The amount to be collected for Fiscal Year 1993-94 Is $25,593.88 per acre. The amount collected
will be used to meet the November 1, 1993 and May 1, 1994 debt service payment, including
Incidentals to cover City expenses. Total amount to be collected for Fiscal year 1993-94 is
$1,432,745.14.
APN
ACREAGE
SPECIAL TAX
2861.058-029
6.43
164,568.65
2861.059.030
3.09
79,085.09
2861.059-035
6.26
160,217.69
2861-058.032
28.55
730,704.99
2861.059-008
2.45
62,705.01
2861.058-024
6.82
174,550.27
2861-058-008
2.38
60,913.44
2861.058-009
0.00
0.00
2861-058-011
0.00
0.00
2861.058-033
0.00
0.00
2861-059-021
0.00
0.00
2861.059.034
0.00
0.00
TOTAL 55.98
1,432,745.14
Note: Assessor parcel numbers with a $0.00 assessment are parcels created by County tax lines
and are actually part of APN 2861-058-032 Lot 14.
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BOUNDARIES
COMMUNITY
FACILITIES DISTRICT
NO. 92-1
(VALENCIA TOWN CENTER)
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