HomeMy WebLinkAboutReso 2024-153RESOLUTION NO. 2024-153
RESOLUTION OF THE CITY COUNC IL OF THE CITY OF
CHULA VISTA, DETERMINING THE NECESSITY TO INCUR
A BONDED INDEBTEDNESS OF COMMUNITY FACILITIES
DISTRICT NO. 2024-1 (CITRUS BAY) TO BE SECURED BY
SPECIAL TAXES LEVIED THEREIN TO PAY FOR THE
ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC
FACILITIES
WHEREAS, on June 11, 2024, the City Council (the “City Council”) of the City of Chula
Vista (the “City”), pursuant to the Mello-Roos Community Facilities Act of 1982, as amended,
Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the California
Government Code (the “Act”), adopted a resolution declaring the necessity for Community
Facilities District No. 2024-1 (Citrus Bay) of the City of Chula Vista, County of San Diego, State
of California (the “CFD No. 2024-1”), to incur bonded indebtedness for the purpose of providing
public facilities which are necessary for the development of the property therein, and scheduling a
hearing thereon; and
WHEREAS, notice of the hearing was published and mailed as required by law; and
WHEREAS, on July 16, 2024, at the time and place of the public hearing the City Council
conducted the public hearing and afforded all persons interested, including persons owning
property within the CFD No. 2024-1, an opportunity to be heard on the proposed authorization to
incur bonded indebtedness, and no protests were received; and
WHEREAS, on July 16, 2024, the City Council adopted the resolution of formation
pursuant to Section 53325.1(a) of the California Government Code, establishing the CFD No.
2024-1 (the “Resolution of Formation”); and
WHEREAS, it is necessary for the CFD No. 2024-1 to incur bonded indebtedness for the
purpose of providing and financing the Facilities (defined in the Resolution of Formation) (the
“Facilities”) for CFD No. 2024-1.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that the above recitals are all true and correct.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista, that it is
necessary that bonded indebtedness be incurred by and for CFD No. 2024-1, in an aggregate
principal amount not to exceed $10,000,000 for the purpose of financing the Facilities as described
in the Resolution of Formation.
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Resolution No. 2024-153
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BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that the
proposition to be submitted to the voters within the CFD No. 2024-1 with respect to the proposed
bonded indebtedness shall be as follows:
PROPOSITION A:
Shall Proposition A authorizing a bonded indebtedness in an aggregate principal
amount not to exceed $10,000,000 be incurred by and for Community Facilities
District No. 2024-1 (Citrus Bay) of City of Chula Vista, County of San Diego, State
of California, with bonds issued for the purpose of financing street and
transportation improvements including parking, rights of way, curbs and gutters,
and other improvements relating thereto; park acquisition and improvements; and
sewer improvements, including collection, transportation, treatment and sewer
disposal; and general civic facilities such as civic center, police, fire suppression,
library, corporation yard, and public recreation and incidental expenses (either
directly or through payment of debt service on bonds), as provided in Resolution
No. 2024-114, adopted by the City Council of the City of Chula Vista on June 11,
2024, be approved?
NOW, THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of
Chula Vista, that the date of the special election with respect to the incurring of the aforementioned
bonded indebtedness, at which time the proposition set forth above shall be submitted to the voters
of the CFD No. 2024-1 is July 16, 2024, and the special election is hereby called for that date. The
special election shall be consolidated with respect to the propositions for (i) the levy of special
taxes for the payment of the principal of and interest on the bonds of the CFD No. 2024-1, and to
pay or accumulate funds for paying the costs of public facilities, and (ii) establishing an
appropriations limit for the CFD No. 2024-1 which has also been called for on July 16, 2024. The
consolidated special elections shall be conducted by mail ballot pursuant to applicable provisions
of the California Elections Code with respect to mail-ballot elections of community services
districts and specifically Division 4 (commencing with Section 4000) of that Code, insofar as they
may be applicable. The voted official ballot shall be returned to the City Clerk of the City of Chula
Vista by 5:00 p.m. on the date of the election; provided that the election shall be closed before
such hour if the City Clerk of the City of Chula Vista determines that all qualified electors have
voted.
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of
Chula Vista, that pursuant to Section 53410 of the California Government Code, if the voters
approve the proposition contained in the official ballot for the consolidated special elections with
respect to the CFD No. 2024-1 incurring bonded indebtedness for the purposes for which such
indebtedness is to be incurred (the “Bond Proposition”) and bonds of the CFD No. 2024-1 are to
be issued, the incurring of such bonded indebtedness and the issuance of bonds of the CFD No.
2024-1 shall be subject to the following accountability measures:
(a) The Bond Proposition shall identify the specific purposes for which the bonds are
to be issued;
(b) The proceeds of the bonds shall be applied only for the specific purposes identified
in the Bond Proposition;
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Resolution No. 2024-153
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(c) An account or accounts shall be created pursuant to the bond indenture or fiscal
agent agreement for such bonds into which the proceeds of the sale of such bonds shall be
deposited; and
(d) The Director of Finance/Treasurer of the City shall file a report with the City
Council no later than January 2 of the calendar year beginning after the year in which the bonds
are issued and annually thereafter, which shall contain the information required by Section 53411
of the California Government Code.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista, that the
Bond Proposition which will be set forth in the official ballot for the consolidated special elections,
and which is set forth above, identifies the specific purposes for which the CFD No. 2024-1 will
incur bonded indebtedness and issue bonds.
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Resolution No. 2024-153
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Presented by Approved as to form by
Laura C. Black, AICP Marco A. Verdugo
Director of Development Services City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of July 2024 by the following vote:
AYES: Councilmembers: Chavez, Gonzalez, Preciado, and McCann
NAYS: Councilmembers: None
ABSENT: Councilmembers: Morineau
John McCann, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the for egoing
Resolution No. 2024-153 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 16th day of July 2024.
Executed this 16th day of July 2024.
Kerry K. Bigelow, MMC, City Clerk
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