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HomeMy WebLinkAbout7748 RESOLUTION NO 7748 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS LEVYING SPECIAL TAXES WITHIN CITY OF REDLANDS COMMUNITY FACILITIES DISTRICT NO 2003-1 (REDLANDS BUSINESS CENTER) WHEREAS, the City Council (the "City Council") of the City of Redlands (the "City") has formed City of Redlands Community Facilities District No 2003-1 (Redlands Business Centei) (the "Conununity Facilities District"), under and pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act"), and WHEREAS,the City Council, as the legislative body of the Community Facilities District, is authorized under the Act to levy special taxes(the"Special Taxes")to pay for the costs of certain facilities and to authorize the issuance of bonds secured by the Special Taxes under the Act, and WHEREAS, the City Council, pursuant to Ordinance No 2569, adopted by the City Council of the City on January 20, 2004, authorized and levied the Special Taxes within the Coininunity Facilities District, and WHEREAS, Section 53340 of the Act provides that the legislative body of a coininunity facilities district may provide, by resolution, for the levy of the special tax in the current yeai or future tax years at the same rate or at a lowei sate than the rate provided by Ordinance, if the resolution is adopted and a certified list of all parcels subject to the special tax levy including the amount of the tax to be levied on each parcel foi the applicable tax year, is filed by the clerk or other official designated by the legislative body with the county auditor on or before the 10th day of August of that tax year, and WHEREAS, on February 3, 2004, the City Council adopted a resolution entitled "A Resolution of the City Council of the City of Redlands Authorizing the Issuance of not to Exceed $9,600,000 Aggiegate Principal Arnount of City of Redlands Community Facilities District No 2003-1 (Redlands Business Center) Special Tax Bonds, Series 2004,Approving the Execution and Delivery of an Indenture, a Bond Purchase Contract and a Continuing Disclosure Certificate and the Preparation of am Official Statement and Other Matters Related Thereto' authorizing the issuance of City of Redlands Community Facilities District No 2003-1 (Redlands Business Center) Special Tax Bonds, Series 2004 (the `Bonds"), in an aggregate principal amount of not to exceed $9,600,000, WHEREAS, the City Council desires to levy the Special Taxes within the Community Facilities District foi Fiscal Year 2017-18, 1 1 lcderk\ResolutionslRes 7700 7799/7748 CFD 2003 1,TY 2017 18 docx NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redlands as follows Section 1. All of the above recitals are true and correct Section 2 The City Council hereby levies the Special Taxes for the Fiscal Year 2017- 18 at the maximum rates and with respect to the parcels as set forth in Exhibit A hereto,provided, however, that the City Manager or the Fiance Director of the City is hereby authorized, prior to the submission to the San Bernardino County Auditor/Controller and upon consultation with the City's special tax consultant, David Taussig & Associates, Inc , (a) to make any necessary modifications to such Special Taxes to correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxed(provided that any such modifications shall not result in an increase in the Special Tax applicable to any category of parcels), or(b)to lower such Special Tax rates to the extent such officer deems necessary upon receipt of the final pricing information, and debt service requirements with respect to, the Bonds The City Clerk of the City is hereby authorized and directed to file with the San Bernardino County Auditor/Controller no later than August 10, 2017 a certified list of all parcels subject to the Special Tax levy including the amount of the Special Tax to be levied on each parcel for Fiscal Year 2017-18 Section 3 The officers and agents of the City are, and each of them hereby is, authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or proper for carrying out the levy of the Special Taxes for Fiscal Year 2017-18 as provided in this Resolution Section 4 All actions heretofore taken by the officers and agents of City with respect to the levy of the Special Taxes for Fiscal Year 2017-18 are hereby approved, confirmed and ratified Section 5 This Resolution shall take effect immediately upon its adoption APPROVED and ADOPTED by the City Council of the City of Redlands on July 5, 2017 4aul W Foster, Mayor ATTEST J46e Donaldson, City Clerk 2 1 lcclerkaesulutions\Res 7700 7799/7748-CFD 2003 1,FY 2017 18.docx CITY CLERK'S CERTIFICATE I, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing is a full, true and correct copy of a resolution duly adopted at a regular meeting of the City Council duly and regularly held on July 5, 2017, of which meeting all of the members of said City Council had due notice and at which a majority thereof were present, and that at said meeting said resolution was adopted by the following vote AYES Councilmembers Gilbreath, Barich, Tejeda, Mayor Foster NOES None ABSENT Councilmember Harrison ABSTAIN None I further certify that I have carefully compared the same with the original minutes of said meeting on file and of record in my office, that the foregoing resolution is a full, true and correct copy of the original resolution adopted at said meeting and entered in said minutes, and that said resolution has not been amended, modified or rescinded since the date of its adoption, and the same is now in full force and effect Dated July 5, 2017 JevzrWe Donaldson, City Clerk 3 1 1cc1erk\Reso1utlons\Res 7700 7799/7748 CFD 2003 1,FY 2017 18.doex David Taussig&Associates 6/1412017 Exhibit A City of Redlands CFD No 2003-1 FY 2017-2018 Special Tax Levy Assessor's Parcel Number FY 2017-2018 Snecial Tax Zone 1 0167-441-07 $12,47383 0167-481-16 $78,41317 0167-501-11 $114 589 83 0167-511-24 $5,36626 0167 511-25 $5,14723 0167-511-26 $27,59793 0167-511-27 $7,59308 0167-511-28 $6,82647 0167-511-29 $171,97600 0167-541-09 $122,401 94 Subtotal $552,38574 Zane 2 0167-511-09 $173,76476 Subtotal $173,76476 Total FY 2017 2018 Special Tax Levy $726,15050 Total Number of Parcels Taxed 11