HomeMy WebLinkAbout2001-06-12 - RESOLUTIONS - CFD CERTAIN CHANGES (2)RESOLUTION NO. CFD 99-1-18
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
SUBJECT TO CERTAIN CONDITIONS PRECEDENT
WHEREAS, the City Council of the City of Santa Clarita, California (the "Council") has
previously conducted proceedings pertaining to the formation of City of Santa Clarita
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 $18,000,000 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 June 12, 2001, the Council adopted a Resolution, declaring its intention to
consider certain modifications to the CFD, namely, the elimination of certain properties, the
substitution of authorized facilities, the amendment of the rate and method of apportionment
and the elimination of the authorization of bonded indebtedness of the CFD; and
WHEREAS, on June 12, 2001, 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 June 12, 2001, 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 eliminating certain properties, substituting
authorized facilities, amending the rate and method of apportionment, and eliminating the
authorization of bonded indebtedness of the CFD, subject to certain conditions precedent for
its effectiveness, was approved by the qualified electors of the CFD;
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 PARIO does resolve as
follows:
SECTION 1: The Amended Report, as described in Resolution No. CFD 99-1-10, adopted by the
Council on April 26, 2001, is hereby approved. As described therein, (1) the elimination of
certain properties and the modification of the boundaries of the CFD, (2) the substitution of
authorized facilities, (3) the amendment of the rate and method of apportionment (the
"Amended RMA") and (4) the elimination of the authorization of bonded indebtedness for the
CFD are hereby approved; provided however, that such modifications shall not be effective until
and concurrent with the payment of net B&T fees for the property as provided by that certain
Amended and Restated Funding, Construction and Acquisition Agreement, dated as of May 1,
2001, by and among the City of Santa Clarita, the CFD and Spirit Properties Ltd. Following
such payment, the amended boundary map of the CFD shall constitute the boundaries of the
CFD and the rate and method of apportionment as described in the Amended Report shall
constitute the official rate and method for the CFD.
SECTION 2: The Council, acting as the legislative body of the CFD, is authorized, following
payment of such net B&T fees, to levy the special tag on behalf of the CFD, as specified in
Resolution No. CFD 99-1-10 and the Amended RMA.
SECTION 3: Following payment of such net B&T fees, the Council is no longer authorized to
incur bonded indebtedness on behalf of the CFD.
SECTION 4: Until such time as payment is made of such B&T fees, the existing boundaries,
facilities, rate and method of apportionment and authorized indebtedness approved by
Resolution No.CFD 99-1-4, adopted on January 25, 2000, shall remain in full force and effect.
SECTION 5: This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED AND ADOPTED this 12" day of June 2001.
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ATTEST:
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) as.
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 the Santa Clarita,
acting as the legislative body of the City of Santa Clarita Community Facilities District No.
99-1 (Santa Clarita Business Park), at a regular meeting thereof, held on the 12' day of June
2001, by the following vote of the Council:
AYES: COUNCILMEM 3ERS: Smyth, Darcy, Kellar, Ferry, Weste
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
CITY CLERK