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Fi1e N 14.40-80
CeTY OF SAN BERkJ\RDINO REQUEST r=OR COUNCIL ACTION
From:
ROGER G. HARDGRAVE
Public Work.~ngineering
Date:
4-06-90
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Subject: Community Faci1ities District No.
995 --Resolution of Intention
& Resolution to Issue Bonds
Secured by Special Tax
(Verdemont Area)
Dept:
Synopsis of Previous Council action:
12-04-89 --Urgency Ordinance No. MC-670 adopted levying an Infra-
structure Fee.
02-19-90 --Urgency Ordinance No. MC-707 adopted requ~r~ng the
levy of the Verdemont Infrastructure Fee.
03-19-90 --Resolution No. 90-103
Engineer to proceed.
adopted
authorizing City
3-19-90 -- Resolution No. 90-103 adopted accepting petition and
designating Bond Counsel, Underwriter and Special Tax
Consultant.
Recommended motion:
Adopt Resolutions.
cc: Marshall Julian
Andy Green
Jim Penman
Con tact person:
Verne Nadeau
Staff Report, Map,
Resolutions
Phone:
5026
Supporting data attached:
Ward:
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FUNDING REQUIREMENTS:
Amount: $11,000,000
Source: IAcct. No) 251-673-53925
t:.ax.
IAcct. DeScription) CFD 995 to be oaid
f
Finance: I ,. --'--.
from a soecial
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Council Notes:
..,"'.......""
AQenda Item No. 5.3 ~ if
RESOLUTION N~.
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A RESOLUTION OF THE CITY OF SAN BERNARDINO DECLARING ITS
INTENTION TO ISSUE BONDS SECURED BY A S~ECIAL TAX TO FINANCE
CERTAIN FACILITIES OF CITY OF SAN BERNARDINO COMMUNITY
FACILITIES DISTRICT NO. 995 (VERDEMONT AREA).
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WHEREAS, the City of San Bernardino (the "City") has
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adopted a resolution on April 16, 1990 wherein it declared its
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intention to establish a community facilities district to
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provide certain facilities (as defined in said resolution, and
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herein the "Facilities") and to levy a special taz to pay for
the Facilities under and pursuant to the terms and provisions
of the "Mello-Roos Community Facilities Act of 1982. (the
"Act"), being Chapter 2.5, ~art 1, Division 2, Title 5 of the
Government Code of the State of California, such community
facilities district to be known and designated as .City of
San Bernardino Community Facilities District No. 995
(Verdemont Area). (the .Community Facilities District.); and
WHEREAS, it is the intention of the City to finance
all or a portion of the Facilities through the issuance of
bonds, the payment of interest on and principal of which bonds
will be secured by such special taz, all as authorized
pursuant to the Act;
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ROW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND
COMMON COUNCIL OF THE CITY OF SAN BERNARDINO THAT:
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Section 1. All of the above recitals are true and
correct.
Section 2. The Mayor and Common Council of the City
28 hereby declare that the publiC convenience and necessity
04/06/90 (Date prepared)
RESOLUTION OF INTENTION TO ISSUE BONDS CFD 995
require and it is necessary that a bonded indebtedness be
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incurred to finance all or a portion of the Facilities for the
Community Facilities District.
Section 3. The purpose for the proposed bonded
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indebtedness is to finance the acquisition and/or construction
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of the Facilities, constituting public facilities providing
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service to the property within the District and having an
estimated useful life of five years or longer, including
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planning and design work directly related to the Facilities
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a~d all related incidental expenses, as authorized by the Act,
more specifically described in Exhibit B of the City's
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resolution of intention to establish the District, adopted on
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Apri 1 16, 1990.
Section 4. The amount of the proposed bonded
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indebtedness to be incurred to finance all or a portion of the
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Facilities (including incidental expenses as authorized by the
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Act) is hereby authorized in an amount not to exceed eleven
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million dollars ($ll,OOO,OOO).
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Section 5. Notice is given that on the 21st day of
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May, 1990, at the hour of 10:00 o'clock A.M., or as soon
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thereafter as the matter may be heard, at the regular meeting
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place of the Common Council, 300 North "0" Street,
San Bernardino, California 92418, a public hearing will be
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held on the intention of the City to incur a bonded
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indebtedness to finance all or a portion of the Facilities in
26 the Community Facilities District. At the above-mentioned
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04/06/90
2114c
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RESOLUTION OF INTENTION TO ISSUE BONDS CFD 995
time and place for such public hearing. any persons
2 interested. including all tazpayers. property owners and
3 registered voters within the Community Facilities District.
4 may appear and be heard on the proposed debt issue or on any
5 other matters set forth herein. and they may present any
6 matters relating to the necessity for incurring such bonded
7 indebtedness to pay for all or a portion of the Facilities and
8 to be secured by a special taz to be levied within the
9 Community Facilities District.
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Section 6. Notice of the time and place of such
II public hearing shall be given by the City Clerk in the
12 fOllowing manner: A Notice of Public Hearing in the form
13 required by Section 53346 of the Act shall be published in the
14 SAN BERNARDINO SUN. a newspaper of general circulation
1$ published in the area of the proposed Community Facilities
16 District. which such publication shall be made pursuant to
17 Section 6061 of the Government Code. and shall be completed at
18 least seven (7) days prior to the date set for such public
19 hearing; further. a Notice of Public Hearing in the form
20 required by Section 53322.4 of the Act shall be sent by
21 first-class mail. postage prepaid. to each registered voter
22 and to eacb landowner within the proposed Community Facilities
23 District a. shown on the last equalized assessment roll. Said
24 mailing sball be comples~d not less than fifteen (15) days
2S prior to the date of such public hearing.
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04/06/90
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RESOL~T!ON Of !NTENT!ON TO ISSUE BONDS eFD 995
I HEREBY CERTIFY that the fore;oing resolution was
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3 duly adopted by the Mayor and Common Council of the City of
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San Bernardino at a
meeting thereof. held
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on the ____ day of
. 1990. by the following vot~. ~o
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AYES: Council Members
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NAYS:
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ABSENT:
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City Clerk
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The foregoing resolution is hereby approved this
____ day of . 1990.
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W. R. Holcomb. Mayor
City of San Bernardino
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Approved as to form
and legal content:
James F. Penman
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04/06/90
2114c
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