HomeMy WebLinkAboutReso 2009-171RESOLUTION NO. 2009-171
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2009/2010 WITHIN
COMMUNITY FACILITIES DISTRICTS 06-I 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 District 06-I and
07-M; authorized, pursuant to the approved rate and method of apportionment of special taxes
for this community facilities district, to be levied for fiscal year 2009/2010 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 Districts 06-I and 07-M in fiscal year 2009/2010 at the
rates as set forth in Exhibits A and B 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 2009/2010 as authorized by Government Code Section 53340.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
acting as the legislative body of Community Facilities District 06-I and 07-M respectively, as
follows:
SECTION 1. The foregoing recitals aze true and correct.
SECTION 2. This City Council does hereby establish the maximum Special Tax rates
that may be levied for fiscal yeaz 2009/2010 in Community Facilities District 06-I and 07-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 prepaze 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 yeaz 2009/2010 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 hereto applicable to each
community facilities district in which such parcel being taxed is located.
Resolution No. 2009-171
Page 2
Presented by
1~~<-~
Richaz A. pkins
Director of Public Works
Approved as to form by
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 14th day of July 2009 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: McCann
Cheryl Cox a} or
ATTEST:
c
Donna R. Norris, MC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2009-171 was duly. passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 14th day of July 2009.
Executed this 14th day of July 2009.
Donna R. Norris, CM ,City lerk
Resolution No. 2009-171
EXHIBIT Age 3
Community Facilities District No. 06-I
(Eastlake Woods, Vistas, and Land Swap -Bond Issue)
Residential $0.5800/sf $0.5218/sf $0.5800/sf $0.5800/sf
Commercial $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Hotel Property $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Undeveloped $11,037/acre $0.00/acre $11,037/acre $11,037/acre
Improvement Area A (Zone 2 -Woods):
Residential $0.6700/sf $0.6027/sf $0.6700/sf $0.6700/sf
Commercial $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Undeveloped $8,332/acre $0.00/acre $8,332/acre $8,332/acre
Estimated Revenue Improvement Area A (Zones 1 and 2) ~ $3,778,980.69
Improvement Area B (Zone 3 -Land Swap):
Residential $0.7400/sf $0.7197/sf $0.7400/sf $0.7400/sf
Commercial $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Undeveloped $20,563/acre $0.00/acre $20,563/acre $20,563/acre
Improvement Area B (Zone 4 -Land Swap):
Residential $0.7400/sf $0.00/sf $0.7400/sf $0.7400/sf
Commercial $6,000/acre $5,835.60/acre $6,000/acre $6,000/acre
Undeveloped $6,667/acre $0.00/acre $6,667/acre $6,667/acre
Estimated Revenue Improvement Area B (Zones 3 and 4) $2,638,665.03
CFD 06-I 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 territories of Chula Vista.
The administration costs of the District for FY 2009/2010 are projected to be $75,000 (as given
in the bond indenture) and scheduled debt service on the bonds is $3,398,697.50.
Improvement Area A (Zone 1 -Vistas):
Resolution No. 2009-171
Page 4
EXHIBIT B
Community Facilities District No. 07-M
(Eastlake III -Woods, Vistas, and Land Swap -Open Space Maintenance)
Improvement Area 1:
Residential $0.1311/sf $0.0556/sf $0.1362/sf $0.1362/sf
Multi-family $0.1311/sf $0.0556/sf $0.1362/sf $0.1362/sf
Non-residential $1,711.73/acre $0.00/acre $1,777.70/acre $1,777.70/acre
Final Map $1,711.73/acre $0.00/acre $1,777.70/acre $1,777.70/acre
Other taxable $1,711.73/acre $0.00/acre $1,777.70/acre $1,777.70/acre
PropercyAssoc.
Pro e $1,711.73/acre $0.00/acre $1,777.70/acre $1,777.70/acre
Estimated Revenue Area 1: ~ $767,074.42
Improvement Area 2:
Residential $0.0858/sf $0.0677/sf $0.089/sf $0.089/sf
Multi-family $0.0858/sf $0.0000/sf $0.089/sf $0.089/sf
Non-residential $474.05/acre $373.93/acre $492.32/acre $492.32/acre
Final Map $1,293.02/acre $0.00/acre $1,342.85/acre $1,342.85/acre
Other taxable $1,293.02/acre $0.00/acre $1,342.85/acre $1,342.85/acre
Property Assoc.
Pro e $1,293.02 $0.00/acre $1,342.85/acre $1,342.85/acre
Estimated Revenue Area 2: $117,002.03
CFD 07-M provides the necessary funding for the perpetual operation and maintenance of
slopes, medians, pazkways and storm water treatment facilities associated with Eastlake III -
Woods, Vistas, and Land Swap Pazcel (south pazcel only) and Annexation No. 1.
The budgets for Fiscal Yeaz 2009/2010 aze $513,211 for Improvement Area 1 and $102,665 for
Improvement Area 2.