HomeMy WebLinkAboutReso 2000-177 RESOLUTION NO. 2000-177
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, DECLARING ITS INTENTION
TO ISSUE BONDS SECURED BY SPECIAL TAXES TO PAY
FOR THE ACQUISITION OF CERTA1N FACILITIES IN
COMMUNITY FACILITIES DISTRICT NO. 2000-1 (SUNBOW II -
VILLAGES 5 THROUGH 10)
WHEREAS, the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA (the
"City Council"), has initiated proceedings to create a Community Facilities District pursuant to the
terms and provisions of the "Mello-Roos Community Facilities Act of 1982," being Chapter 2.5, Part
1, Division 2, Title 5 of the Government Code of the State of California (the "Act") and the City of
Chula Vista Community Facilities District Ordinance enacted pursuant to the powers reserved by
the City of Chula Vista under Sections 3, 5 and 7 of Article XI of the Constitution of the State of
Califomia (the "Ordinance") (the Act and the Ordinance may be referred to collectively as the
"Community Facilities District Law' ') to finance the acquisition of certain authorized facilities. This
Community Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES
DISTRICT NO. 2000-1 (SUNBOW II - VILLAGES 5 THROUGH 10) (the "District"); and
WHEREAS, it is the intention of this legislative body to finance the acquisition of all or a
portion of such facilities through the issuance of bonds, such bonds to be secured by special taxes
to be levied on taxable property within the District, all as authorized pursuant to the Community
Facilities District Law.
NOW THEREFORE IT IS HEREBY RESOLVED:
SECTION 1. The above recitals are all true and correct.
SECTION 2. This City Council declares that the public convenience and necessity requires that a
bonded indebtedness be incurred to finance all or a portion of certain public facilities as proposed
for the designated District.
SECTION 3. The purpose for the proposed debt is to finance the acquisition of authorized public
facilities consisting of the types of public facilities described in Exhibit A attached hereto and
incorporated herein by this reference.
SECTION4. The amount ofthe proposed bonded indebtedness, including the cost ofthe facilities,
together with all incidental expenses, contingencies and financing costs is generally estimated to be:
$15,000,000
SECTION 5. NOTICE IS GIVEN THAT ON THE 11TM DAY OF JULY, 2000, AT THE HOUR
OF 6:00 O'CLOCK P .M. IN THE REGULAR MEETING PLACE OF THE LEGISLATIVE BODY,
BEiNG THE COUNCIL CHAMBERS, CITY HALL, LOCATED AT 276 FOURTH AVENUE,
Resolution 2000-177
Page 2
CHULA VISTA, CALIFORNIA, A HEARING WILL BE HELD ON THE INTENTION OF THIS
LEGISLATIVE BODY TO INCUR A BONDED INDEBTEDNESS TO FINANCE PUBLIC
FACILITIES 1N THE COMMUNITY FACILITIES DISTRICT BY THE LEVY OF A SPECIAL
TAX. AT THE TIME AND PLACE FIXED FOR SAID PUBLIC HEARING ANY PERSONS
INTERESTED, INCLUDING PERSONS OWNING PROPERTY WITHIN THE AREA, MAY
APPEAR AND PRESENT ANY MATTERS RELATING TO THE PROPOSED INTENTION
AND NECESSITY FOR INCURRING THE BONDED INDEBTEDNESS WHICH WILL PAY
FOR ALL OR A PORTION OF THE PROPOSED PUBLIC FACILITIES AND WHICH WILL BE
SECURED BY A SPECIAL TAX TO BE LEVIED WITHIN SAID COMMUNITY FACILITIES
DISTRICT.
SECTION 6. Notice of the time and place of the public heating shall be given by the City Clerk
by publishing a Notice of Public Hearing in the legally designated newspaper of general circulation,
being the STAR NEWS, said publication pursuant to Section 6061 of the Govemment Code, with
said publication to be completed at least seven (7) days prior to the date set for the public heating.
Prepared by Approved as to form by
~ Jo. aheny
orks Director ~iy
Resolution 2000-177
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 6m day of June, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Salas
Shirley Horton~4ayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2000-177 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 6m day of June, 2000.
Executed this 6th day of June, 2000.
Susan Bigelow, City Clerk
Proposed List of Improvements
To be financed by
Community Facilities District No. 2000-1
Public Agency Proposed Improvement List Total Estimated Cost
A. CCV Telegraph Canyon Road $ 2,511,041.42
B. CCV Medical Center Rd/Brandywine $ 3,253,492.66
C. CCV East Palomar Street-Phases IA $ 1,672,569.21
D. CCV Off-site Sewer $ 1,034,980.40
E. CCV East Palomar Street - Phase IB $ 1,888,932.00
F. CCV Olympic Prkwy - W. of Brandywine $ 1,500,000.00
G. CCV East Palomar - Phases IC&IIA $ 1,632,940.00
H. CCV Paseo Ladera $ 2,783,135.00
I. CCV Medical Center Court $ 432, 110.00
J- CCV Public Facilities D[F $ 2,83 1.858.00
Total estimated costs: $ 19,541,I58.69
CCV = City of Chula Vista