HomeMy WebLinkAbout91-02529033-22 JHHW:PJT:slc 01/23/91 J8~29
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RESOLUTION NO. 91- 025
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS OF TI-IE
PROPOSED COMMIJNITY FACII JTIES DISTRICT NO, 1 (FIRE FACH.ITIES AND
SERVICES ) OF ~ CITY OF SANTA ANA PURSUANT TO TIlE CITY OF SANTA
ANA SPECIAL TAX FINANCING IMPROVEMENT CODE
Community Facilities District No.
(Fire Facilities and Services)
of the City of Santa Aha
WHEREAS, this City Council 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 City of Santa Aha Special Tax Financing
Improvement Code", stating its intention to form a community facilities district
pursuant to the City of Santa Aha Special Tax Financing Improvement Code, enacted by
Ordinance No. NS-2033 of the City adopted on November 20, 1989 (the "Act"), for the
purpose of financing certain public improvements (the "Facilities") and certain services,
as further provided in said Resolution; and
WHEREAS, this City Council estimates the amount required for the financing of
the the Facilities to be the sum of approximately $11,000,000; and
WHEREAS, in order to finance the Facilities it is necessary to incur bonded
indebtedness in the amount of not to exceed $50,000,000.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SANTA ANA AS FOLLOWS:
1. It is necessary to incur bonded indebtedness within the boundaries of the
proposed Community Facilities District No. 1 (Fire Facilities and Services) of the City of
Santa Ana (the "District") in the amount of not to exceed $50,000,000 to finance the
Facilities.
2. The bonded indebtedness is proposed to be incurred for the purpose of financing
the Facilities, including ail costs incidental to or connected with the accomplishment of
said purposes and of the financing thereof, as permitted by Section 20-62 of the Act.
3. This 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 $50,000,000, 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 40 years from the date of the issuance of said bonds.
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4. Monday, April 1, 1991, at 7:30p.m., in the regular meeting place of this City
Council, in the City Council Chambers at 20 Civic Center Plaza Santa Aha, California,
be, and the s-me are hereby appointed and fixed as the time and place when and'where
this 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 pubIic interest,
convenience and necessity require the issuance of bonds of the City for the District.
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. Said notice shall substantially in the form of
Exhibit A hereto.
ADOPTED this ,4~h day of March
, 1991 .
ATTEST:
COUNCILMEMBERS:
Young AYE
Pulido AY £
Acosta AYE
Griset AYE
McGuigan AYE
Norton AY E
Richardson AYI~
APPROVED AS TO FORM:
Edward-J. Co e~
City Attorney
CERTIFICATE OF ORIGINALITY
State of California
County of Orange
I, JANICE C.
attached Resolution 9]-025
adopted by the City Council
3/4/9]
GUY, Clerk of the Council, do hereby cqrtify the
to be the original resolution
of the City of Santa Ana on
/t~ferk~f %he Council, Date
' City of Santa Ana
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EXtIIP. IT A
NOTICE OF PUBLIC IqEAR1NG
Commm~ity Facilities District No.
(Fire Facihties and Services
of the City of Santa Aha
Notice is hereby given that on March 4, 1991, the City Council of the City of Santa
Aha adopted a Resolution entitled "A Resolution of Intention To Incur Bonded
Indebtedness of the Proposed Community Facilities District No. 1 (Fire Facilities and
Services) of the City of Santa Aha Pursuant To The City of Santa Aha Special Tax
Financing Improvement Code". Pursuant to the City of Santa Aha Special Tax
Financing Improvement Code (the "Act") the City Counci~ 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 Intention to Establish a Community Facilities District and To
Authorize the Levy of Special Taxes Pursuant to the City of Santa Aha Special Tax
Financing Improvement Code", stating its intention to form a community
facilities district pursuant to the City of Santa Aha Special Tax Financing
Improvement Code, enacted by Ordinance No. NS-2033 of the City adopted on
November 20, 1989 (the "Act"), for the purpose of financing certain public
improvements (the "Facilities") and certain services, as further provided in said
Resolution; and
WHEREAS, this City Council estimates the amount required for the
financing of the the Facilities to be the sum of approximately $11,000,000; and
WHEREAS, in order to finance the Facilities it is necessary to incur bonded
indebtedness in the amount of not to exceed $50,000,000.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SANTA ANA AS FOLLOWS:
1. It is necessary to incur bonded indebtedness within the boundaries of the
proposed Community Facilities District No. 1 (Fire Facilities and Services) of the
City of Santa Aha (the "District") in the amount of not to exceed $50,000,000 to
finance the Facilities.
2. The bonded indebtedness is proposed to be incurred for the purpose of
financing the Facilities and the discharge of assessment liens on property within
the District, including acquisition and improvement costs and all costs incidental
to or connected with the accomplishment of said purposes and of the financing
thereof, as permitted by Section 20-62 of the Act.
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3. This 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 $50,000,000, bearing interest payable semi-annually or in
such other manner as this City Council shall determine, at a r~te 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. Monday, April 1, 1991, at 7:30p.m., in the regular meeting place of this
City Council, in the City Council Chambers at 20 Civic Center Plaza, Santa Aha,
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 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.
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. 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: March _, 1991
City Clerk,
City of Santa Aha
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