HomeMy WebLinkAbout1999-09-28 - RESOLUTIONS - CFD 92-1 TAXES VALENCIA TNCNTR (2)RESOLUTION NO. CFD 92-1-12
RESOLUTION OF THE CITY COUNCII,
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 Clarita, (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 qualified electors; and
WHEREAS, it is now necessary and appropriate that this Council levy and collect the special
taxes for Fiscal Year 1999-00, by the adoption of a resolution as specified by the Act and
Ordinance;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA does resolve
as follows:
e 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 1999-00 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, order that 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.
1999.
ATTEST:
City Clerk
PASSED, APPROVED AND ADOPTED this 28. day of September ,
�Ilyor
RESOLUTION NO. CFD NO. 92-1-12
September 28, 1999 - Page 2
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF SANTA CLARITA
as
I, Sharon Dawson, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing
Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular
meeting thereof, held on the 2,B—day of September 1999 by the following
vote of Council:
AYES: COUNCILMEMBERS: Klajic, Heidt, Ferry, waste, Darcy
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None -4� A -a�'�
City Clerk
s: \&n\apri1\ddbiH\agen99.
CITY OF SANTA CLARITA
Community Facilities District
District No. 92-1
(Valencia Town Center)
1999-00 ANNUAL TAX LEVY
RECONCILIATION
City of Santa Clarita Admin. Costs
TOTAL RECEIVED 11/15/98:
($4,190.00)
($4,190.00)
Director of Admin. Svcs. - 4 hours @ $137.62/hr.
$550.48
Accountant - 8 hours @ $67.82/hr.
542.56
Associate Engineer - 4 hours @ $98.22/hr.
392.88
US Bank Administrative Fees
1,650.00
US Bank Annual Fee for Arbitrage Rebate Services for 1998
1,500.00
TOTAL EXPENSES INCURRED FY 1998-99
$4,635.92
TOTAL EXPENSES LESS ADVANCES:
$445.92
�'N w'
City of Santa Clarita Admin. Costs $1,500.00
US Bank Administrative Fees 1,150.00
US Bank Annual Fee for Arbitrage Rebate Services for 1999 1,500.00
TOTAL ANTICIPATED EXPENSES $4,150.00
ADMIN. COSTS TO BE COLLECTED FY 1999-00 $4,600.00
Debt Service Payment Due 11/15/99
Debt Service Payment Due 05/15/00
TOTAL DEBT SERVICE PAYMENTS FY 1999-00
TOTAL DEBT SERVICE PMT'S AND ADMIN. COSTS
Excess in Reserve Fund to Apply Toward Bond Pmt
Cash on Hand in Bond Fund
$1,237,091.25
638,676.25
N/A
N/A
$1,875,767.50
$1,880,367.50
N/A
TOTAL AMOUNT TO BE COLLECTED FY 1999-00 $1,880,367.50
I
CITY OF SANTA CLARITA
Exhibit "A"
PROPOSED BOUNDARIES
COMMUNITY FACILITIES DISTRICT
NO. 92-1
VALENCIA TOWN CENTER
Boundary Map
Wf
..........
2861-059-030
2861-058.029 2861-059.035
2861.058-032
Xr 2861.059-034
2661-059-008
2861-059-021
2861-058-024
2861-058-008 2861-058-033