HomeMy WebLinkAbout2001-09-25 - AGENDA REPORTS - CFD 92-1 VALENCIA TOWN CENTER (2)CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval
Item to be presented by: Barbara Boswell
CONSENT CALENDAR
DATE: September 25, 2001
SUBJECT: COMMUNITY FACILITIES DISTRICT NO. 92-1 OF THE CITY OF SANTA
CLARITA (VALENCIA TOWN CENTER)
DEPARTMENT: Administrative Services
RECOMMENDED ACTION
City Council adopt the Resolution, 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.
BACKGROUND
On August 25, 1992, the City Council passed Ordinance No. CFD 92-1-1, authorizing the levy
of a special tax within Community Facilities District No. 92-1 (Valencia Town Center).
Adoption of the Resolution will levy the special taxes for Fiscal Year 2001-02 upon all
properties within the 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,
2001 and May 15, 2002 payment due dates on the bonds issued for this District.
ALTERNATIVE ACTION
Other direction as determined by the City Council.
FISCAL IMPACT
All debt service payments are covered by the Special Tax, which is paid by the Valencia Town
Center.
ATTACHMENTS
Resolution
Exhibit A — Proposed Special Tax Breakdown
Boundary Map
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Adopted:C__Z -1-t s,
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