HomeMy WebLinkAboutReso 2000-327 RESOLUTION NO. 2000-327
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AND RATIFYING A REVISION
TO THE LEVY OF THE SPECIAL TAX FOR FISCAL YEAR
2000/2001 FOR COMMUNITY FACILITIES DISTRICT 99-1
(OTAY RANCH SPA ONE - PORTIONS OF VILLAGE ONE,
VILLAGE FIVE AND VILLAGE ONE WEST)
WHEREAS, on August 1, 2000, this City Council, by the adoption of Resolution No.
2000-265 ("Special Tax Resolution"), previously authorized the levy of the special tax for Fiscal
Year 2000/001 for Community Facilities District No. 99-1 (Otay Ranch Spa One Portions of
Village One, Village Five and Village One West) CCFD No. 99-1"); and
WHEREAS, on August 11, 2000, a date subsequent to the adoption of the Special Tax
Resolution, the City's administrator of certain community facilities districts formed by the City,
including CFD No. 99-1, was notified that one of the parcels within CFD No. 99-1 had been
acquired by the elementary school district and was, therefore, exempt from the levy of the
special tax for CFD No. 99-1 pursuant to the provisions of the rate and method of apportionment
of the special tax for such district; and
WHEREAS, the exemption of such parcel fTom the levy of the special tax for CFD No.
99-1 would have resulted in the loss of approximately $30,000 in anticipated special tax revenue
unless the special tax levy as approved by the Special Tax Resolution was revised; and
WHEREAS, as a result of the timing of the notification of the City's administrator of the
acquisition of the subject parcel by the elementary school district and in order to insure that
sufficient special taxes were levied and placed on the tax roll for Fiscal Year 2000-2001 to pay
debt service on the bonds secured by such special taxes and to administer such bonds and CFD
No. 99-1, the City staff and the City's administrator, upon consultation with bond counsel,
adjusted the rates of the special tax previously approved in the Special Tax Resolution to be
levied in Fiscal Year 2000/2001 on undeveloped property within the District to reflect the loss of
special tax revenue from the exemption of the elementary school district parcel from the levy of
the special tax; and
WHEREAS, the City Council desires to approve and ratify the adjustment in the special
tax rates levied in CFD No. 99-1.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista,
acting as the legislative body for Community Facilities District 99-1, as follows:
SECTION 1. The foregoing recitals are true and correct.
Resolution 2000-327 --'~,
Page 2
SECTION 2. This City Cotmcil does hereby approve and ratify the revised levy of the Special
Tax for Fiscal Year 2000/2001 for Community Facilities District 99-1 as set forth in Exhibit A, a
copy of which is on file in the Office of the City Clerk.
Presented by Approved as to form by
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 26th day of September, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilla
Shirley Hort4n, Mayor '
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. 2000-327 was duly passed, approved, and adopted by the City Council at a
h
regular meeting of the Chula Vista City Council held on the 26t day of September, 2000.
Executed this 26th day of September, 2000.
Susan Bigelow, City Clerk
R2000-327
CFD 99-1 AGENDA TABLE
LEVY 2000-01 I Original Submittal/Resolution I Revised Submittal/Resolution
FY 2000-01 ESTIMATED FY 2000-01 ESTIMATED
CATEGORY MAXIMUM ACTUAL REVENUE ACTUAL REVENUE
$0.0000 $0.0000 $0.0000
RESIDENTIAL - ZONE A PER DU PER DU $174,951.96 PER DU $174,951.96
$0.2800 $0.2800 $0.2800
PER SQFT PER SQFT PER SQFT
$400.0000 $400.0000 $400.0000
RESIDENTIAL - ZONE B PER DU PER DU $42,162.73 PER DU $42,162.73
$0.2900 $0.2900 $0.2900
PER SQFT PER SQFT PER SQFT
$400.0000 $400.0000 $400.0000
RESIDENTIAL - ZONE C PER DU PER DU $0.00 PER DU $0.00
$0.4400 $0.4400 $0.4400
PER SQFT PER SQFT PER SQFT
COMMERCIAL - ZONE A $1,600.00 $1,600.00 $0.00 $1,600.00 $0.00
PER ACRE PER ACRE PER ACRE
COMMERCIAL - ZONE B $3,717.00 $3,717.00 $0.00 $3,717.00 $0.00
PER ACRE PER ACRE PER ACRE
COMMERCIAL - ZONE C $4,266.00 $4,266.00 $0.00 $4,266.00 $0.00
PER ACRE PER ACRE PER ACRE
CPF - ZONE A $400.00 $400.00 $0.00 $400.00 $0.00
PER ACRE PER ACRE PER ACRE
CPF - ZONE B $929.00 $929.00 $0.00 $929.00 $0.00
PER ACRE PER ACRE PER ACRE
CPF - ZONE C $I ,066.00 $1,066.00 $0.00 $1,066.00 $0.00
PER ACRE PER ACRE PER ACRE
UNDEVELOPED $8,864.00 $2,916.28 $1,816,275.84 $2,965.93 $1,816,276.68
PER ACRE PER ACRE PER ACRE
PROPERTY OWNER $8,864.00 $0.00 $0.00 $0.00 $0.00
ASSOCIATION PROPERI"~ PER ACRE PER ACRE PER ACRE
TOTAL $2,033,390.53 $2,033,391.37
Actual levy after rounding to two decimals: 2,033,387.54 $2,033,388.54
Difference ($2.99) ($2.83)
09/06/2000
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