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HomeMy WebLinkAboutReso 1998-19103 RESOLUTION NO. 19103 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN AMENDMENT TO THE "CITY OF CHULA VISTA STATEMENT OF GOALS AND POLICIES REGARDING THE ESTABLISHMENT OF COMMUNITY FACILITIES DISTRICTS" WHEREAS, on January 13, 1998 Council approved the "City of Chula Vista statement of goals and policies regarding the establishment of Community Facilities Districts" which establishes that the aggregate of all taxes and assessments appearing on the property tax bill of a residential parcel shall not exceed 2% of the initial sales price ("maximum tax"); and WHEREAS, the policy includes all special taxes levied by Community Facilities Districts (CFDs) in the "maximum tax" calculation; and WHEREAS, staff recommends amending the policy to only include special taxes levied to fund the construction or acquisition of public infrastructure in the "maximum tax" calculation; and WHEREAS, special taxes levied to fund the perpetual operation of open space districts will not be considered which is consistent with the existing policy for assessments district financing, which excludes assessments levied by "1972 Act" open space districts from the "maximum tax" limit. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does hereby amend the "City of Chula Vista statement of goals and policies regarding the establishment of Community Facilities Districts" to exclude special taxes levied by CFDs formed to fund the operation and maintenance of open space districts from the maximum tax calculation. BE IT FURTHER RESOLVED that staff is directed to base the maximum special taxes on reduced densities. Presented by Approved as to form by Resolution 19103 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 28th day of July, 1998, by the following vote: AYES: Councilmembers: Moot, Padilia, Salas and Horton NAYS: Council members: None ABSENT: Councilmembers: Rindone ABSTAIN: Councilmembers: None Shirley Hortc~, Mayor ATTEST: ~Authelet, City Clerk 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. 19103 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 28th day of July, t 998. Executed this 28th day of July, 1998. ~uthel~t, City Clerk