HomeMy WebLinkAbout2000-04-25 - RESOLUTIONS - CFD CHANGES (2)RESOLUTION NO. CFD 99-1-7
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA CLARITA, CALIFORNIA
ACTING ON BEHALF OF
THE CITY OF SANTA CLARITA
COMMUNITY FACILITIES DISTRICT NO. 99-1
AUTHORIZING CERTAIN CHANGES TO
COMMUNITY FACILITIES DISTRICT NO. 99-1
WHEREAS, the City Council of the City of Santa Clarita, California (the "Council') has
C
previously conducted proceedings pertaining to the formation of City of Santa larita
Community Facilities District No. 99-1 (Santa Clarita Business Park) (the "CFD"), the
designation of Future Annexation Area, the annexation of Annexation No. 1, the
authorization of indebtedness in the aggregate amount not to exceed $33,000,000 by the
CFD, the rate and method of apportionment of a special tax to pay the principal and
interest on 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 January 25, 2000, the Council adopted Resolution No. CFD 99-1-4
declaring its intention to consider certain modifications to the CFD, namely, the
Prioritization of certain authorized facilities, the amendment of the rate and method of
apportionment and the reduction of the authorization of indebtedness to be issued by the
CFD from a maximum aggregate principal amount of $33,000,000 to $18,000,000; and
WHEREAS, on April 25, 2000, the Council held a public hearing on the proposed
modifications to the CFD and called a special election regarding such proposed
modifications; and
WHEREAS, on April 25, 2000, an election was held within the CFD relative to the
proposed modifications, and said election results were ratified by Resolution; and
WHEREAS, at such election the proposal for prioritizing the authorized facilities,
amending the rate and method of apportionment, and the reduction of the authorized
amount of indebtedness to be issued by the CFD from a maximum aggregate principal
amount of $33,000,000 to $18,000,000 was approved by the qualified electors of the CFD;
and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA,
ACTING AS THE LEGISLATIVE BODY OF THE CITY OF SANTA CLARITA
COMMUNITY FACILITIES DISTRICT NO. 99-1 (SANTA CLARITA BUSINESS PARK),
DOES resolve as follows:
SECTION I. The Amended Report, as described in a Resolution authorizing certain
changes to Community Facilities District No. 99-1, adopted by the Council on April 25,
2000, is hereby approved. As described therein, (1) prioritization of the use of bond
proceeds by certain authorized facilities is hereby approved, (2) the amended rate and
RESOLUTION NO. CFD 99-1-7
Page 2
method of apportionment (the "Amended "RMA') is hereby approved and shall constitute
the official rate and method for the CFD, and (3) the authorized amount of bonded
indebtedness for the CFD is hereby reduced to a maximum aggregate principal amount of
$18,000,000.
SECTION 2. The Council, acting as the legislative body of the CFD, is authorized to levy
the special tax on behalf of the CFD, as specified in Resolution No99-1-4and the Amended
RMA.
SECTION 3. The Council is authorized to incur indebtedness on behalf of the CFD within
said CFD in the aggregate principal amount of $18,000,000.
SECTION 4. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED AND ADOPTED this 25th day of April 2000.
®R
ATTEST:
,��,, , �
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF SANTA CLARITA )
I, Sharon L 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,
acting as the legislative body of the City of Santa Clarita Community Facilities District
No: 9-1 (Santa Clarita Business Park) at a regular meeting thereof, held on the 25' day of
April 2000, by the following vote of the Council:
RESOLUTION NO. CFD 99-1-7
Page 3
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
ABSTAIN: COUNCILMEMBERS
mmdl\gvrehng
Weste, Smyth, Ferry, Darcy
None
None
Kellar
OFFICIAL BALLOT
CITY OF SANTA CLARITA
COMMUNITY FACILITIES DISTRICT NO. 99-1
(SANTA CLARITA BUSINESS PARD
SPECIAL ELECTION
APRIL 25, 2000
To vote, mark a cross (+) in the voting square after the word "YES" or after the word "NO."
All marks otherwise made are forbidden.
This ballot is provided to as an owner, or authorized representative of
an owner, of land within the City of Santa Clarita Community Facilities District No. 99-1
(Santa Clarita Business Park) and represents _ votes.
If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of
Santa Clarita at 23920 Valencia Boulevard, Santa Clarita, California 91355-2196.
PROPOSITION A: Shall the City of Santa
Clarita Community Facilities District No.
99-1 (Santa Clarita Business Park) YES
prioritize the use of bond proceeds for
certain authorized facilities, namely,
Golden Valley Road Phases 11 and III and NO
storm drain facilities, shall it amend the
rate and method of apportionment by,
among other things, reducing the
maximum special tax, all as provided in
Resolution No. CFD 99-1-4 and shall it
reduce the amount of authorized
indebtedness of the CFD from the
maximum aggregate principal amount of
$33,000,000, to the maximum aggregate
principal amount of $18,000,000.