HomeMy WebLinkAboutReso 2005-254
RESOLUTION NO. 2005-254
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 DISTRICTS 07-1 AND 09-M; 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 Nos. 07-1
and 09-M, authorized pursuant to the approved rate and method of apportionment of special
taxes for each respective community facilities district to be levied for Fiscal Year 2005/2006 are
set forth in Exhibits A and B, 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 Nos. 07-1 and 09-M in Fiscal Year 2005/2006 at
the rates as set forth in Exhibits A and B 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 each 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 Nos. 07-1 and 09-M 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 Nos. 07-1 and 09-M as the
rates set forth in Exhibits A and B 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 Exhibits A and B attached hereto applicable to
the community facilities district in which such parcel being taxed is located.
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Resolution No. 2005-254
Page 2
Presented by
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Sohaib AI-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 ofChula Vista,
California, this 19th day of July, 2005, by the following vote:
AYES: Councilmembers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
ABSTAIN: Mayor:
ATTEST:
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Susan Bigelow, MMC, City lerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
Castaneda, Davis, McCann, and Rindone
None
None
Padilla
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I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2005-254 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.
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Susan Bigelow, MMC, City Cler
Resolution No. 2005-254
Page 3
Community Facilities District No. 07-1
(Otay Ranch - Village Eleven - Bond Issue)
EXHIBIT A
FY 2004-05 FY 2005-06 FY
Special Tax Rates Special Tax Rates 2005-06
Land Use Density Maximum Actual Rate Maximum Projected Estimated
Cate 0 Rate Rate Rate Revenue
Residential o to 8 $ 1,675/DU $ 1,675/DU $ 1,675/DU $1,675/DU
Residential >8 to $ 1,340/DU $ 1,340/DU $ 1,340/DU $1,340/DU
20
Residential >20 $ 1,005/DU $ 1,005/DU $ 1,005/DU $1,005/DU
Non-Residential N/A $ 6,000/ac $ 6,000/ac $ 6,000/ac $ 6,000/ac
$ 13,955/ac $ 13,955/ac $ 13,955/ac $13,955/ac
$ 24,218/ac $ 24,218/ac $ 24,218/ac $24,218/ac
$ 13,955/ac $ 5,860/ac $ 13,955/ac $13,955/ac
$ 24,218/ac $ 10,170/ac $ 24,218/ac $24,218/ac
$ 13,955/ac $ O.OO/ac $ 13,955/ac $13,955/ac
$ 24,218/ac $ O.OO/ac $ 24,218/ac $24,218/ac
Estimated Revenue: $5,219,054.39
Resolution No. 2005-254
Page 4
EXHIBIT B
Community Facilities District No. 09-M
(Otay Ranch Village 11- Brookfield Shea)
Developed:
Residential o to 8 $ 487.87/DU $ 487.87/DU $ 505.69/DU $ 505.69/DU
Residential >8 to $ 390.29/DU $ 390.29/DU $ 404.54/DU $ 404.54/DU
20
Residential Greater $ 292.71/DU $ 292.71/DU $ 303.40/DU $ 303.40/DU
than 20
Non-Residential N/A $1,873.41/ac $1,873.41/ac $1,941.84/ac $1,941.84/ac
$1.873.41/ac $1.873.41/ac 1,941.84/ac $1,941.84/ac
$1,873.41/ac $1,873.41/ac 1,941.84/ac $1,941.84/ac
$1,873.41/ac $ O.OO/ac 1,941.84/ac $1,941.84/ac
Estimated Revenue: $755,365.26