HomeMy WebLinkAboutReso 2002-233 RESOLUTION NO. 2002-233
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DECLARING ITS INTENTION TO ISSUE
BONDS SECURED BY SPECIAL TAXES TO PAY FOR THE
ACQUISITION OR CONSTRUCTION OF CERTAIN
FACILITIES IN COMMUNITY FACILITIES DISTRICT NO.
2001-2 (MCMILLIN-OTAY RANCH -VILLAGE SIX)
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
California (the "Ordinance") (the Act and the Ordinance may be referred to collectively as the
"Community Facilities District Law") to finance the acquisition or construction of certain
authorized facilities. This Community Facilities District shall hereinafter be referred to as
Community Facilities District No. 2001-2 (McMillin-Otay Ranch Village-Six) (the "District");
and
WHEREAS, it is the intention of this legislative body to finance the acquisition or
constmctiun of all or a portion of such facilities through the issuance of bonds to be issued by
and for the District, 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 tree and correct.
SECTION 2. This City Council declares that the public convenience and necessity requires that
a bonded indebtedness be incurred by the District to contribute to the financing of all or a portion
of the authorized facilities.
SECTION 3. The purpose for the proposed debt of the District is to contribute to the financing
of the acquisition or construction of authorized facilities consisting of the types of public
facilities described in Exhibit A attached hereto and incorporated herein by this reference (the
"Facilities").
SECTION 4. The amount of the bonded indebtedness may include all costs and estimated costs
incidental to, or connected with, the accomplishment of the purpose for which the indebtedness
is proposed to be incurred as authorized pursuant to the Community Facilities District Law. The
amount of the indebtedness proposed to be authorized for the District is:
$13,000,000
SECTION 5. NOTICE IS GIVEN THAT ON AUGUST 13, 2002, 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 STREET,
CHULA VISTA, CALIFORNIA, A HEARING WILL BE HELD ON THE INTENTION OF
THIS LEGISLATIVE BODY TO INCUR A BONDED INDEBTEDNESS OF THE DISTRICT
Resolution 2002-233
Page 2
TO CONTRIBUTE TO THE FINANCING OF THE FACILITIES, SUCH INDEBTEDNESS
TO BE SECURED BY THE LEVY OF SPECIAL TAXES WITHIN THE DISTRICT. AT THE
TIME AND PLACE FIXED FOR SAID PUBLIC HEARING ANY PERSONS INTERESTED,
INCLUDING PERSONS OWNING PROPERTY WITH/N THE DISTRICT, MAY APPEAR
AND PRESENT ANY MATTERS RELATING TO THE PROPOSED INTENTION AND
NECESSITY FOR INCURRING A BONDED INDEBTEDNESS OF THE DISTRICT, SUCH
INDEBTEDNESS WHICH WILL CONTRIBUTE TO THE FINANCING OF ALL OR A
PORTION OF THE FACILITIES AND WHICH WILL BE SECURED BY A SPECIAL TAX
TO BE LEVIED WITHIN THE 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 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 (7) days prior to the date set for the public hearing.
Presented by Approved as to form by
~p. L~ippi~ ~~ (~7~/~'~ ~
J J~Kaheny ~
Public Works City Attorney
Resolutiion 2002-233
Page 3
- PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 9th day of July, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Hort~ Mayor
ATFEST:
Sdsan Bigelow, Cit~ 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. 2002-233 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 9th day of July, 2002.
Executed this 9th day of July, 2002.
Susan Eiigelow, Cffy Clerk
EXHIBIT A
DESCRIPTION OF TYPES OF FACILITIES
The types of public facilities authorized to be financed by the levy of special taxes within the
District shall include streets, landscaping within public rights-of-way, sewers, pedestrian bridges
authorized to be financed from the proceeds of the City's pedestrian bridge development impact fee,
public facilities authorized to be financed fi-om the proceeds of the City's public facilities
development impact fee and public utilities as may be authorized by the goals and policies of the
City Council pertaining to the use of the Community Facilities District Law.
· Olympic Parkway
· La Media Road South (E. Palomar Street to Olympic Parkway)
· La Media Onsite - (Olympic Parkway to Santa Venetia)
· Santa Venetia Street
· Magdalena Street Phases 1-3
· La Media Road Offsite (Santa Venetia to Birch Parkway)
· Birch Parkway Onsite (Magdalena to SR-125)
· Birch Parkway Offsite (La Media Road to Magdalena)
In addition to the above improvements, this CFD's bonding capacity maybe used for the "Traffic
Enhancement Program" within the greater eastern territories of Chula Vista. These transportation
facilities will be traffic capacity adding improvements and could include the following projects:
· Telegraph Canyon Road East ofi-805
· Telegraph Canyon Road / I 805 On Ramp Improvements
· Heritage Road (Olympic Parkway to Main Street)
· East H Street Road Widening