HomeMy WebLinkAboutCity Council - 2002-27 RESOLUTION NO. 2002-27
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH DECLARING ITS INTENTION TO
INCUR BONDED INDEBTEDNESS OF THE PROPOSED CITY OF
HUNTINGTON BEACH COMMUNITY FACILITIES DISTRICT
NO.2002-1 (MCDONNELL CENTRE BUSINESS PARK)
WHEREAS, this City Council has this date adopted its Resolution entitled "A Resolution of the
City Council of the City of Huntington Beach Declaring Its Intention to Establish a Community
Facilities District and To Authorize the Levy of Special Taxes Therein," stating its intention to
form a community facilities district pursuant to the provisions of Chapter 3.56 (commencing
with Section 3.56.010) of the Municipal Code of the City of Huntington Beach and, as
applicable, the Mello-Roos Community Facilities Act of 1982 (collectively, the"Law"), for the
purpose of financing a portion of the costs of certain public improvements (the "Facilities"), as
further provided in said Resolution; and
This City Council estimates the amount required for the financing of a portion of the
costs of the Facilities to be the sum of$11,000,000; and
In order to finance said Facilities it is necessary to incur bonded indebtedness for each
improvement area identified below as "Area A" and "Area B"in the amount of not to exceed
$13,000,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach
as follows:
Section 1. It is necessary to incur bonded indebtedness within the boundaries of the proposed
Improvement Area A of the City of Huntington Beach Community Facilities District No. 2002-1
(McDonnell Centre Business Park) (the "Area A") in the amount of not to exceed $13,000,000 to
finance a portion of the costs of the Facilities. It is necessary to incur bonded indebtedness
within the boundaries of the proposed Improvement Area B of the City of Huntington Beach
Community Facilities District No. 2002-1 (McDonnell Centre Business Park) (the"Area B") in
the amount of not to exceed $13,000,000 to finance a portion of the costs of the Facilities.
Section 2. The bonded indebtedness for each improvement area described in Section 1 is
proposed to be incurred for the purpose of financing a portion of the costs of the Facilities,
including costs incidental to or connected with the accomplishment of said purposes and of the
financing thereof.
Section 3. This City Council, acting as legislative body for Area A, intends to authorize the
issuance and sale of bonds in one or more series in the maximum aggregate principal amount of
$13,000,000,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 forty (40) years
from the date of the issuance of said bonds. This City Council, acting as legislative body for
Res.No.2002-27
Area B, intends to authorize the issuance and sale of bonds in one or more series in the
maximum aggregate principal amount of$13,000,000,bearing interest payable semi-annually or
in such other manner as this City Council shall determine, at a rate not to exceed the maximum
rate of interest as may be authorized by applicable law at the time of sale of such bonds, and
maturing not to exceed forty(40) years from the date of the issuance of said bonds.
Section 4. Monday,May 6, 2002, at 7:00 p.m. or as soon thereafter as the matter may be heard,
in the regular meeting place of this City Council, City Council Chambers, City Hall, 2000 Main
Street,Huntington Beach, California,be, and the same are hereby appointed and fixed as the
time and place when and where this City Council, as legislative body for each improvement area
described in Section 1,will conduct a public hearing on the proposed debt issue for each of the
improvement areas and consider and finally determine whether the public interest, convenience
and necessity require the issuance of bonds of the City of Huntington Beach for each respective
improvement area.
Section 5. The City Clerk is hereby directed to cause notice of said public hearing to be given by
publication one time in a newspaper of general circulation circulated within the District. The
publication of said notice shall be completed at least seven (7) days before the date herein set for
said public hearing. The notice shall substantially in the form of Exhibit A hereto.
Section 6. This Resolution shall take effect upon its adoption.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Huntington
Beach on this 15t day of April, 2002,by the following vote,to wit:
AYES:
NOTE:
ABSENT:
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk 44-0-$Z City Attorney t,{U 5 UZ,
REVIEWED AND APPROVED: INITIATED AND APPROVED:
cJ ihd (,
1ty Administrator Director of Economic Development
-2-
Res.No.2002-27
Ex.A
EXHIBIT A
CITY OF HUNTINGTON BEACH
COMMUNITY FACILITIES DISTRICT NO. 2002-1
(MCDONNELL CENTRE BUSINESS PARK)
NOTICE OF PUBLIC HEARING
Notice is hereby given that on April 1, 2002, the City Council of the City of Huntington Beach
adopted a Resolution entitled"A Resolution of the City Council of the City of Huntington Beach
Declaring Its Intention To Incur Bonded Indebtedness of the Proposed City of Huntington Beach
Community Facilities District No. 2002-1 (McDonnell Centre Business Park)." Pursuant to the
provisions of Chapter 3.56 of the Municipal Code of the City of Huntington Beach and, as
applicable, the Mello-Roos Community Facilities Act of 1982, the City Council of the City of
Huntington Beach hereby gives notice as follows:
A. The text of said Resolution is as follows:
WHEREAS, this City Council has this date adopted its Resolution entitled "A
Resolution of the City Council of the City of Huntington Beach Declaring Its Intention to
Establish a Community Facilities District and To Authorize the Levy of Special Taxes
Therein," stating its intention to form a community facilities district pursuant to the
provisions of Chapter 3.56 (commencing with Section 3.56.010) of the Municipal Code of
the City of Huntington Beach and, as applicable, the Mello-Roos Community Facilities
Act of 1982 (collectively, the "Law'), for the purpose of financing a portion of the costs
of certain public improvements (the "Facilities"),as further provided in said Resolution;
and
This City Council estimates the amount required for the financing of a portion of
the costs of the Facilities to be the sum of$11,000,000;and
In order to finance said Facilities it is necessary to incur bonded indebtedness for
each improvement area identified below as "Area A" and "Area B" in the amount of not
to exceed$13,000,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Huntington Beach as follows:
Section 1. It is necessary to incur bonded indebtedness within the boundaries of
the proposed Improvement Area A of the City of Huntington Beach Community
Facilities District No. 2002-1 (McDonnell Centre Business Park) (the "Area A") in the
amount of not to exceed$13,000,000 to finance a portion of the costs of the Facilities. It is
necessary to incur bonded indebtedness within the boundaries of the proposed
Improvement Area B of the City of Huntington Beach Community Facilities District No.
2002-1 (McDonnell Centre Business Park) (the "Area B") in the amount of not to exceed
$13,000,000 to finance a portion of the costs of the Facilities.
A-1
Res.No.2002-27
Ex.A
Section 2. The bonded indebtedness for each improvement area described in
Section 1 is proposed to be incurred for the purpose of financing a portion of the costs of
the Facilities,including costs incidental to or connected with the accomplishment of said
purposes and of the financing thereof.
Section 3. This City Council, acting as legislative body for Area A, intends to
authorize the issuance and sale of bonds in one or more series in the maximum
aggregate principal amount of $13,000,000, 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 forty (40) years from the date of the issuance of
said bonds. This City Council,acting as legislative body for Area B, intends to authorize
the issuance and sale of bonds in one or more series in the maximum aggregate principal
amount of $13,000,000, 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 forty (40) years from the date of the issuance of said bonds.
Section 4. Monday, May 6, 2002, at 7:00 p.m. or as soon thereafter as the matter
may be heard, in the regular meeting place of this City Council, City Council Chambers,
City Hall, 2000 Main Street, Huntington Beach, California, be, and the same are hereby
appointed and fixed as the time and place when and where this City Council, as
legislative body for each improvement area described in Section 1, will conduct a public
hearing on the proposed debt issue for each of the improvement areas and consider and
finally determine whether the public interest, convenience and necessity require the
issuance of bonds of the City of Huntington Beach for each respective improvement
area.
Section 5. The City Clerk is hereby directed to cause notice of said public hearing
to be given by publication one time in a 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. The notice shall substantially in
the form of Exhibit A hereto.
Section 6. This Resolution shall take effect upon its adoption.
B. The hearing referred to in the aforesaid Resolution shall be at the time and place
specified in the 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: April_, 2002
/s/Connie Brockway
City Clerk,
City of Huntington Beach
A-2
Res. No. 2002-27
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 1st
day of April, 2002 by the following vote:
AYES: Green, Dettloff, Bauer, Cook, Houchen,Winchell, Boardman
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California