HomeMy WebLinkAboutCity Council - 6143 RESOLUTION NO. 6143
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS
OF THE PROPOSED COMMUNITY FACILITIES DISTRICT NO. 1990-1
(GOLDENWEST/ELLIS AREA)
PURSUANT TO THE MELLO-ROOS COMMUNITY FACILITIES
ACT OF 1982
Community Facilities District No. 1990-1
(Goldenwest/Ellis Area)
WHEREAS, the City Council of the City of Huntington Beach has
this date adopted its Resolution entitled "A Resolution of Intention
to Establish a Community Facilities District and To Authorize the
Levy of Special Taxes Pursuant to the Mello-Roos Community
Facilities Act of 1982, " stating its intention to form a community
facilities district pursuant to the Mello-Roos Community Facilities
Act of 1982, as amended (the "ACT") , Chapter 2 . 5 of Part 1 of
Division 2 of Title 5 of the California Government Code, for the
purpose of financing the acquisition and/or construction of certain
public improvements (the "FACILITIES") and providing certain
services, as further provided in said Resolution; and
The City Council estimates the amount required for the financing
of the acquisition and/or construction of the FACILITIES
q e CIL IES to be the
sum of $2, 500, 000 . 00; and
In order to finance said FACILITIES it is necessary to incur
bonded indebtedness in the amount of $3, 500, 000 . 00,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH
HEREBY RESOLVES AS FOLLOWS:
1. It is necessary to incur bonded indebtedness within the
boundaries of the proposed Community Facilities District No. , 1990-1
(Goldenwest/Ellis Area) (the "DISTRICT") in the amount of
$3, 500, 000 . 00 to finance the costs of the FACILITIES.
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2 . The bonded indebtedness is proposed to be incurred for the
purpose of financing the costs of the FACILITIES, including
acquisition and improvements costs and all costs incidental to or
connected with the accomplishment of said purposes and of the
financing thereof, as permitted by Section 53345 .3 of the ACT.
3 . The City Council, acting as legislative body for the
DISTRICT, intends to authorize the issuance and sale of bonds in the
maximum aggregate principal amount of not to exceed $3, 500, 000 . 00,
bearing interest payable semi-annually or in such other manner as
this City Council shall determine, at a rate not to exceed the
maximum rate of interest as may be authorized by applicable law at
the time of sale of such bonds, and maturing not to exceed 40 years
from the date of the issuance of said bonds .
4 . The City Council, as legislative body for the DISTRICT,
will conduct a public hearing on the proposed debt issue and
consider and finally determine whether the public interest,
convenience and necessity require the issuance of bonds of the City
for the DISTRICT. Said public hearing shall be heard on Monday,
June 18, 1990, at 7:30 p.m. , in the City Council Chambers, City
Hall, 2000 Main Street, Huntington Beach, California .
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6143
5 . The City Clerk is hereby directed to cause notice of said
public hearing to be given by publication one time in any newspaper
of general circulation circulated within the DISTRICT. The
publication of said notice shall be completed at least seven (7)
days before the date herein set for said public hearing. Said
notice shall substantially in the form of Exhibit "A" hereto.
PASSED AND ADOPTED by the City Council of the City of Huntington
Beach at a regular meeting thereof held on the 7th_ day
of May 1990 .
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk AV CityAttorney r4ti .4.2'7-Cl 0
REVIEWED AND APPROVED: INI BATED AN. PROVED:
t
City Administrator Directo f dministr iv
Services
l
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EXHIBIT "A"
NOTICE OF PUBLIC HEARING
CITY OF HUNTINGTON BEACH
Community Facilities District No. 1990-1
(Goldenwest/Ellis Area)
Notice is hereby given that on May 7, 1990, the City Council of
the City of Huntington Beach adopted a Resolution entitled "A
Resolution of Intention To Incur Bonded Indebtedness of the Proposed
Community Facilities District No. 1990-1 (Goldenwest/Ellis Area)
Pursuant To The Mello-Roos Community Facilities Act Of 1982 . "
Pursuant to the Mello-Roos Community Facilities Act of 1982 (the
"ACT") the City Council hereby gives notice as follows :
A. The text of said Resolution is as follows :
WHEREAS, the City Council of the City of Huntington Beach has
this date adopted its Resolution entitled "A Resolution of Intention
to Establish a Community Facilities District and To Authorize the
Levy of Special Taxes Pursuant to the Mello-Roos Community
Facilities Act of 1982, " stating its intention to form a community
facilities district pursuant to the Mello-Roos community Facilities
Act of 1982, as amended (the "ACT") , Chapter 2 .5 of Part 1 of
Division 2 of Title 5 of the California Government Code, for the
purpose of financing the acquisition and/or construction of certain
public improvements (the "FACILITIES") and providing certain
services, as further provided in said Resolution; and
The City Council estimates the amount required for the financing
of the acquisition and/or construction of the FACILITIES to be the
sum of $2, 500,000 . 00; and
In order to finance said FACILITIES it is necessary to incur
bonded indebtedness in the amount of $3,500, 000 . 00 .
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6143
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH
HEREBY RESOLVES AS FOLLOWS:
1. It is necessary to incur bonded indebtedness within the
boundaries of the proposed Community Facilities District No. , 1990-1
(Goldenwest/Ellis Area) (the "DISTRICT") in the amount of
$3, 500, 000 . 00 to finance the costs of the FACILITIES.
2. The bonded indebtedness is proposed to be incurred for the
purpose of financing the costs of the FACILITIES, including
acquisition and improvements costs and all costs incidental to or
connected with the accomplishment of said purposes and of the
financing thereof, as permitted by Section 53345.3 of the ACT.
3 . The City Council, acting as legislative body for the
DISTRICT, intends to authorize the issuance and sale of bonds in the
maximum aggregate principal amount of not to exceed $3, 500, 000 . 00,
bearing interest payable semi-annually or in such other manner as
this City Council shall determine, at a rate not to exceed the
maximum rate of interest as may be authorized by applicable law at
the time of sale of such bonds, and maturing not to exceed 40 years
from the date of the issuance of said bonds .
4 . The City Council, as legislative body for the DISTRICT,
will conduct a public hearing on the proposed debt issue and
consider and finally determine whether the public interest,
convenience and necessity require the issuance of bonds of the City
for the DISTRICT. Said public hearing shall be heard on Monday,
June 18, 1990, at 7:30 p.m. , in the City Council Chambers, City
Hall, 2000 Main Street, Huntington Beach, California.
5. The City Clerk is hereby directed to cause notice of said
public hearing to be given by publication one time in any newspaper
of general circulation circulated within the DISTRICT. The
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6143
publication of said notice shall be completed at least seven (7)
days before the date herein set for said public hearing. Said
notice shall substantially in the form of Exhibit "A" hereto.
B. The hearing referred to in the aforesaid Resolution shall be
at the time and place specified in said Resolution.
C. At that time and place any person interested, including
persons owning property in the area of the proposed community
facilities district, will be heard upon the proposed debt issue.
Dated: May 9, 1990
City Clerk
City of Huntington Beach
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6143
Res. No. 6143
STATE OF CALIFORNIA
COUNTY OF ORANGE ss: _
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of at least a majority of all the members of said City Council
at a regular meeting thereof held on the 7th day
Of May 19 go by the following vote:
AYES: Councilmembers:
MacAllister, Winchell, Green, Mays, Bannister, Silva, Erskine
NOES: Councilmembers:
None
ABSENT: Councilmembers:
None
i y Clerk and ex-officiVulerk
of the City Council of the City
of Huntington Beach, California