HomeMy WebLinkAboutReso 2005-253
RESOLUTION NO. 2005-253
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2005/2006 WITHIN
COMMUNITY FACILITIES DISTRICT 06-1, AND
DELEGATING TO THE CITY MANAGER THE AUTHORITY
TO ESTABLISH THE SPECIAL TAX FOR EACH DISTRICT
WHEREAS, the maximum special tax rates for Community Facilities District No. 06-1,
authorized, pursuant to the approved rate and method of apportionment of special taxes for this
community facilities district to be levied for Fiscal Year 2005/2006 are set forth in Exhibit A,
attached hereto and incorporated herein by reference as if set forth in full; and
WHEREAS, this City Council desires to establish the maximum special tax rates that
may be levied in Community Facilities District No. 06-1 in Fiscal Year 2005/2006 at the rates set
forth in Exhibit A attached hereto and to delegate to and designate the City Manager as the
official to prepare a certified list of all parcels subject to the special tax levy for this community
facilities district including the amount of such special tax to be levied on each parcel for Fiscal
Year 2005/2006 as authorized by Government Code Section 53340.
NOW, THEREFORE, the City Council of the City of Chula Vista, acting as the
legislative body of Community Facilities District 06-1, does hereby resolve as follows:
SECTION I. The foregoing recitals are true and correct.
SECTION 2. This City Council does hereby establish the maximum special tax rates that may
be levied for Fiscal Year 2005/2006 in Community Facilities District No. 06-1 as the rates set
forth in Exhibit A attached hereto.
SECTION 3. Pursuant to Government Code 53340, this City Council hereby delegates the
authority to and designates the City Manager as the official to prepare and submit a certified list
of all parcels subject to the levy of the special tax within the community facilities district to
which this resolution applies including the amount of the special tax to be levied on each parcel
for Fiscal Year 2005/2006 and to file such list with the auditor of the County of San Diego on or
before the required date or such other later date with the prior written consent of such auditor.
The amount of the special tax to be levied on each such parcel shall be based upon the budget for
each such community facilities district as previously approved by this City Council and shall not
exceed the maximum special tax as set forth in Exhibit A hereto applicable to the community
facilities district in which such parcel being taxed is located.
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Resolution No. 2005-253
Page 2
Presented by
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Sohaib Al-Agha
City Engineer
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Approved as to form by
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of July, 2005, by the following vote:
AYES: Councilrnernbers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
ABSTAIN: Councilmembers:
ATTEST:
_ _ <iL-l cL.. - r:::S~~
Susan Bigelow, MMC, City rk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
Castaneda, Davis, Rindone, and Padilla
None
None
McCann
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I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certifY that the foregoing
Resolution No. 2005-253 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 19th day of July, 2005.
Executed this 19th day of July, 2005.
------zw-6 . ~&~
Susan Bigelow, MMC, City rk
Resolution No. 2005-253
Page 3
EXHIBIT A
Community Facilities District No. 06-1
(EastLake Woods, Vistas, and Land Swap - Bond Issue)
FY 200~-05 Special Tax Rates I F\ 2005-06 Special Tax Rates I F\ 2005-0()
Land Use
Category
Maximum Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Improvement Area A (Zone 1 - Vistas):
Residential $ 0.5800/sf $ O.5800/sf $ O.5800/sf $ O.5800/sf
Commercial $ 6,OOO.OO/acre $ 6,OOO.OO/acre $ 6,OOO.OO/acre $ 6,OOO.00/acre
Hotel Property $ 6,000.00/acre $ 6,000.00/acre $ 6,00O.00/acre $ 6,000.00/acre
Undeveloped $ 11,037.00/acre $ 3,764.72/acre $11,037.00/acre $1,037.00/acre
Improvement Area A (Zone 2 - Woods):
Residential $ 0.6700/sf $ 0.6700/sf $ 0.6700/sf $ 0.6700/sf
Commercial $ 6,000.00/acre $ 6,OOO.00/acre $ 6,000.00/acre $ 6,000.00/acre
Undeveloped $ 8,332.00/acre $ 2,842.06/acre $ 8,332.00/acre $ 8,332.00/acre
Estimated Revenue Improvement Area A (Zones 1 and 2): $4,035,413.61
Improvement Area B (Zone 3 - Land Swap):
Residential $ 0.7400/sf $ 0.7400/sf $ 0.7400/sf $ 0.7400/sf
Commercial $ 6,000.00/acre $ 6,000.00/acre $ 6,000.00/acre $ 6,000.00/acre
Undeveloped $20,563.00/acre $ 8,571.l0/acre $20,563.00/acre $20,563.00/acre
Improvement Area B (Zone 4 - Land Swap):
Residential $ 0.7400/sf $ 0.7400/sf $ 0.7400/sf $ 0.7400/sf
Commercial $ 6,000.00/acre $ 6,000.00/acre $ 6,OOO.00/acre $ 6,000.00/acre
Undeveloped $ 6,667.00/acre $ 2,778.98/acre $ 6,667.00/acre $ 6,667.00/acre
Estimated Revenue Improvement Area B (Zones 3 and Zone 4): $1,175,988.27