HomeMy WebLinkAboutReso 1998-19228 RESOLUTION NO. 19228
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA, DECLARING INTENTION TO ISSUE BONDS SECURED BY
SPECIAL TAXES TO PAY FOR THE ACQUISITION OF CERTAIN
FACILITIES IN COMMUNITY FACILITIES DISTRICT NO. 97-3
(MCMILLIN OTAY RANCH SPA ONE)
WHEREAS, 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 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. 97-3 (MCMILLIN OTAY
RANCH SPA ONE) (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.
SECTION 4. 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:
~ 13,500,000
SECTION 5. NOTICE IS GIVEN THAT ON THE 24TH DAY OF NOVEMBER, 1998, AT
THE HOUR OF 6:00 P.M. IN THE REGULAR MEETING PLACE OF THE LEGISLATIVE BODY,
BEING THE COUNCIL CHAMBERS, CITY HALL, LOCATED AT 276 FOURTH STREET, CHULA
VISTA, CALIFORNIA, 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
PLACE FIXED FOR SAID PUBLIC HEARING ANY PERSONS INTERESTED, INCLUDING
PERSONS OWNING PROPERTY WITHIN THE AREA, MAY APPEAR AND PRESENT ANY
Resolution 19228
Page 2
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 in the following manner:
A. A Notice of Public Hearing shall be published in the "Star-News" a legally
designated newspaper of general circulation, 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.
B. A Notice of Public Hearing shall be mailed, postage prepaid, to each property
owner within the boundaries of the proposed District; such mailing to the
property owners shall be to the address as shown on the last equalized
assessment roll. Such mailing shall be completed at least fifteen days prior to
the date set for the public hearing.
Presented by Approved as to form by
I r r
Resolution 19228
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EXHIBIT A
DESCRIPTION OF TYPES OF FACILITIES
Street improvements including but not limited to site concrete and street
surfacing and appurtenant facilities including but not limited to storm drain,
sewer and landscaping improvements; a pedestrian bridge; sewer
improvements; and appurtenances and appurtenant work.
Resolution 19228
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PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 20'h day of October, 1998, by the following vote:
AYES: Councilmembers: Rindone, Padilia and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Salas
ABSTAIN: Councilmembers: Moot
Sh~Jayor~
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of Chula Vista, California, do hereby certify that the
foregoing Resolution No. 19228 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 20th day of October, 1998.
Executed this 20'" day of October, 1998.
Beverly/~.Au:~helet, City Clerk