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Home My WebLink AboutReso 2008-166 RESOLUTION NO. 2008-166 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL YEAR 2008/2009 WITHIN COMMUNITY FACILITIES DISTRICTS 06-1 AND 07-M AND DELEGATING TO THE CITY MANAGER, OR DESIGNEE, THE AUTHORITY TO ESTABLISH THE SPECIAL TAX FOR EACH DISTRICT WHEREAS, the maximum Special Tax rates for Community Facilities Districts 06-1 and 07-M authorized, pursuant to the approved rate and method of apportionment of special taxes for these community facilities districts, to be levied for fiscal year 2008/2009 are set forth in Exhibits A and B, attached to and incorporated into this Resolution by this reference as if set forth in full; and WHEREAS, the City Council desires to establish the maximum Special Tax rates that may be levied in Community Facilities Districts 06-1 and 07-M in fiscal year 2008/2009 at the rates as set forth in Exhibits A and B and to delegate to and designate the City Manager, or Designee, 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 2008/2009 as authorized by Government Code section 53340. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofChula Vista acting as the legislative body of Community Facilities Districts 06-1 and 07-M respectively, as follows: SECTION I. That it declares that the foregoing recitals are true and correct. SECTION 2. That it establishes the maximum Special Tax rates that may be levied for fiscal year 2008-2009 in Community Facilities Districts 06-1 and 07-M as the rates set forth in Exhibits A and B attached to this Resolution. SECTION 3. That it delegates, pursuant to Government Code section 53340, the authority to and designates the City Manager, or Designee, 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 2008/2009 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 the auditor. The amount of the Special Tax to be levied on each parcel shall be based upon the budget for each community facilities district as previously approved by the City Council and shall not exceed the maximum Special Tax as set forth in Exhibits A and B applicable to each community facilities district in which such parcel being taxed is located. Resolution No. 2008-166 Page 2 Presented by Approved as to form by 28t~~ Engineering Director ~~~~~ Bart C. Miesfeld Interim City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista, California, this 8th day of July 2008 by the following vote: AYES: Councilmembers: Ramirez, Rindone, and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: Castaneda ABST AlN: Councilmembers: McCann ATTEST: ayor ~~.tttl. 12 M1},i.-0 onna R. Nords, d;1c, Interim City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA) I, Donna R. Norris, Interim City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2008-166 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 8th day of July 2008. Executed this 8th day of July 2008. J.f iT?UAA K ~M.vL Donna R. Norris, 'CMC';"fnterim City Clerk Resolution No. 2008-166 Page 3 EXHIBIT A Community Facilities District No. 06-1 (EastLake Woods. Vistas, and Land Swap - Bond Issue) FY 2007/2008 Special Tax Rates FY 2008/2009 Special Tax Rates FY 2008/2009 Actual Rate .. al ., "0 .. "' Improvement Area A (Zone 1 - Vistas): Residential $0.5800/sf: $0.5220/sf $0.5800/sf $0.5800/sf i COlllmercial $6.000/acre I $O.OO/acre I $6.000/acre $6.000/acre I , Hotel Property $6,000/acre i $O.OO/acre $6.000/acre $6.000/acre ! I $11.037/acre I $11.037/acre , Lndeveloped $O.OO/acre $11,037/acre ; I , Improvement Area A (Zone 2 - Woods): --- ResIdentIal , $0.6700/51' $0.6030/sf ' $0.6700/sf I $0.6700/sf ! I Commercial I S6.000/acre $O.OO/acre ! $6.000/acre $6.000/acre I I Undeveloped $8,332/acre I$O.OO/acre I $8,332/acre $8.332/acre Estimated Revenue Improvement Area A (Zones 1 and 2) $3,792,174.86 Impvement Area B (Zone 3 - Land Swap): Residential I $0.7400/sf $0.7400/51' $0.7400/sf $0.7400/sf I COllllllercio.l $6.000/acre $6.000/acre $6.000/acre $6.000/acre Undeveloped $20.563/acre $3.495.71/acre $20,563/acre $20,563/acre Improvement Area B (Zone 4 - Land Swap): Residential $0.7400/sf $0.7400/sf $0.7400/sf $0.7400/sf Commercial $6.000/acre $6.000/acre $6.000/acre $6,000/acre I Undeveloped $6.667/acre $1.133.37/acre $6.667/acre $6,667/acre ! , Estimated Revenue Improvement Area B (Zones 3 and 4) I $814,924.40 CFD 06-1 finances the acquisition or construction of certain public facilities (i.e., grading, landscaping, streets, utilities, drainage, sewer, etc.) serving the EastLake - Woods, Vistas, and Land Swap project. as well as selected "'Traffic Enhancement" facilities within the greater eastern telTitories of Chula Vista. The administration costs of the District for FY 2008/2009 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $3,396,175.00. Resolution No. 2008-166 Page 4 EXHIBIT B Community Facilities District No. 07-M (EastLake III - Woods, Vistas, and Land Swap - Open Space Maintenance) Actual Rate Improvement Area I: , Residential $0 1282/51' $0.0438/51' $0.1311/51' $0.1311151' ! I Multi-family $0. 1282/sf $0.0438/sf $01311/51'1 $0.1311/51' Non-residentIal $1.673A3/acre $O.OO/acre , $l,711.73/acre I $1,711.73/acre Final Map $1.673 A3/acre ; $O.OO/acre $l,711.73/acre $1,711. 73/acre Other taxab 1e $ 1.673A3/acre I $O.OO/acre $1.711.73/acre $I,711.73/acre I Properry Assoc. I $1.673A3/acre $O.OO/acre , $l,711.73/acre i $l,711.73/acre Propenv Estimated Revenue Area 1: $781,420.81 Improvement Area 2: --.---- , $0.0858/51' I Re51dentlal i $0.0839/51' $0.0085/51' . $0.0858/51' I , $0.0085/51' $0.0858/sf $0.0858/51' . Multi-family $00839/51' Non-re-sidential $463 A5/acre $47.08/acre $474.05/acre I $474.05/acre i FlIlal Map , $] .264.09/acre $OOO/acre : $1.293.02/acre $1 J9' OJ' ! i ,- ~. _Iacre I Other taxable $1.264.09/acre $O.OO/acre $1.293.02/acre $1,293.02/acre I Property Assoc. $l.264.09/acre I $O.OO/acre $1,29302 $l.293.03 i Prooerry , E5timated Revenue Area 2: I $115,497.90 CFD 07-M provides the necessary funding for the perpetual operation and maintenance of slopes, medians, parbvays and stonm water treatment facilities associated with EastLake III - Woods, Vistas, and Land Swap Parcel (south parcel only) and Annexation No.1. The budgets for Fiscal Year 2008/2009 are $490,891 for Improvement Area 1 and $100,890 for Improvement Area 2.