HomeMy WebLinkAboutReso 1999-19532 RESOLUTION NO. 19532
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA, CALIFORNIA, DECLARING INTENTION TO ISSUE
BONDS SECURED BY SPECIAL TAXES TO PAY FOR THE
ACQUISITION OF CERTAIN FACILITIES IN COMMUNITY
FACILITIES DISTRICT NO. 99-1 (OTAY RANCH SPA ONE -
PORTIONS OF VILLAGE ONE, VILLAGE FiVE AND VILLAGE ONE
WEST)
WHEREAS, the City Counci 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 California (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. 99-1 (OTAY RANCH
SPA ONE - PORTIONS OF VILLAGE ONE, VILLAGE FIVE AND VILLAGE ONE WEST) (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,"
incorporated herein by this reference, a copy of which is on file in the office of the City Clerk.
SECTION 4o The amount of the proposed bonded indebtedness, including the cost of the
facilities, together with all incidental expenses, contingencies and financing costs is generally
estimated to be:
$60,000,000
SECTION 5. NOTICE IS GIVEN THAT ON THE 17th DAY OF AUGUST, 1999, 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, CHULA
VISTA, CAUFORNIA, A HEARING WiLL BE HELD ON THE INTENTION OF THIS LEGISLATIVE
BODY TO INCUR A BONDED INDEBTEDNESS TO FINANCE PUBLIC FACILITIES IN THE
COMMUNITY FACILITIES DISTRICT BY THE LEVY OF A SPECIAL TAX. AT THE TIME AND
il I
Resolution 19532
Page 2
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 hearing 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
Government Code, with said publication to be completed at least seven days prior to the date
set for the public hearing.
Prepared by Approved as to form by
Resolution 19532
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of July, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilia
ABSTAIN: Councilmembers: None
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 19532 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 13,h day of July, 1999.
Executed this 13'h day of July, 1999.
Susan Bigelow, City Clerk