HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-337 RESOLEMON NOf V
A RESOLUTION DETERNUNING THE NECESSITY TO INCUR BONDED
INDEBTEDNESS WITIJIN THE COUNTY OF CONTRA COST COMMU T
FAC.11J=8 DL43TRICT NO.1992.1 (PLEASANT H)OLL BART STATION AREA)AND
SUBliT 'rMG PROPOSITION TO THE QUAI::.I 'IED ELECTORS OF THE DISTRICT
County of Con Coda
Community Faces DistAct No.1"2,1
(Pleasant Rill BART Station Area)
RESOLVED, by the Beard of Supervisors of the County of Contra Costa (the
"County") that:
WHEREAS, on April 7, 1992,; this Board of Supervisors adopted a resolution
entitled "A Resolution of Intention to Establish a Community Facilities District and to
Authorize the:Levy' of Special Taxes Pursuant to the Mello--Rohs Act of 1982" '(the
"Resolution of Intention") stating its intention to form the County of Contra Costa
Community Facilities District No. 1992-1 (Pleasant'Troll BART Station Area) (the
"District'% pursuant to the Mello-Roos Community Facilities Act i of 1982, as amended
(the '"Act'"); and
WHEREAS, on.April 7, 1992, this Board of Supervisors also adopted a resolution
entitled "A Resolution of Intention to Incur Bonded Indebtedness of the Proposed County
of Contra Costa Community Facilities District No. 1992-1 (Pleasant Hili. BART Station
Area) Pursuant to the Mello-Roos Community Facilities Act of 1982" (the "Resolution of
Intention to Incur Indebtedness") stating its intention to incur banded indebtedness
within the boundaries of the District for the purpose of financing' certain coats of the
facilities specked in the Resolution of intention; and
WHEREAS, on this date, this Board of Supervisors held a noticed,public hearing
as required by the Act relative to the determination to proceed with the formation of the
District, the financing of facilities by the District and the rate and method of
apportionment of the special tax to be levied'within the District to pay the principal and
interest on the proposed indebtedness and the administrative costs of the County relative
to the District;and
WHEREAS, at said hearing all persons desiring to be heard on all matters
pertaining to the formation of the District, the prevision of said facilities(the "Facilities'")
and the levy of the special tax on property within'the District were,heard and a full and
fair hearing was held, and
WHEREAS, subsequent to said hearing, this Board >of Supervisors adopted a
resolution entitled "A Resolution Of Formation Of County of Contra. Costa Community
Facilities'District No 1992-1 (Pleasant Hill BART Station Area), Authorizing The Levy of
A Special Tax Within The District, Preliminarily'Establishing An Appropriations Limit
For The District And Submitting Levy Of The Special Tax And The Establishment of The
Appropriations Limit To The Qualified Electors Of The Districts (the' ""Resolution of
Formation:"); and
/33
WHEREAS, on this date, this Board of Supervisors held a noticed public hearing
as required by the Act relative to the matters material to the questions'set forth in the
Resolution of Intention to Incur Indebtedness; and
WHEREAS, no written 'protests with respect to the matters material to the
questions set forth in the Resolution of Intention;,to Incur Indebtedness`have been filed
with the Clerk of the Board.
NOW, THEREFORE,IT IS HEREBY ORDERED as follows:
1 The.foregoing recitals'are true and. correct.
2. It is necessary to incur bonded indebtedness in the maximum aggregate'`
principal amount of$455,500 within the boundaries of the District.
3. The indebtedness is incurred for the purpose'of financing certain costs of the
Facilities, as provided in the Resolution of Formation including, but not limited to, the
costs of issuing and selling bones to finance the Facilities and the costs of the County in,
administering'the District.
4. The whole of the District shall pay for the bonded indebtedness through the levy
of the special talc. The tax is to be apportioned in accordance with the formula set forth in
Exhibit "B" to the Resolution of Formation.
5, The maximum amount of bonded indebtedness to be incurred is $455,500'and
the maximum term of the bunds to be issued'shall in no event exceed.forty(40)years;
6. The bonds shall bear interest at rate' or rates not to exceed the maximum
interest rate permitted by applicable law'' at the time of sale of the bonds, payable
semiannually or in such other manner as this Board of Supervisors or its designee shall
determine, the actual rate or rates and times of payment of such interest to be determined
by 1,this Board of Supervisors or its designee at the time or times of sale of said bonds.
7.: The proposition of incurring the bonded indebtedness herein authorized shall
be'submitted to the qualified electors of the District and shall be consolidated with
elections on the proposition of levying special taxes within the District and the
establishment of an appropriations limit for the District pursuant to Section.53353.6 of the
Act. The time, place and conditions'of said election shall be as <specified by separate
resolution of this Board of Supervisors.
-2-
I hereby certify that the foregoing Resolution was duly adopted by the Boardof
Supervisors of Contra Costa County,> California, at a' regularly scheduled meeting
thereof, held on the 12 day of May , 1992, by the following vote of the Board:
AYES: Supervisors Powers , Fanden, Torlakson, ';McPeak
NOES• Supervisor Schroder
ABSENT: None
ATTEST.
Phil Batchelor, Clerk of the Board of
Supervisors and County Administrator
By:
C- Avn��-
Deputy
3.2/33