HomeMy WebLinkAboutRESOLUTIONS - 01012001 - 2001-169 13052-25 JH:DJO:brf 04/30/2001
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RESOLUTION NO. 200 P169
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS
COUNTY OF CONTRA COSTA
Community Facilities District No. 2001-1
(Norris Canyon)
RESOLVED, by the Board of Supervisors (the "Board") of the County of Contra Costa
(the"County"),State of California, that:
WHEREAS, this Board has this date adopted its Resolution of Intention to Establish a
Community Facilities District, stating its intention to form the County of Contra Costa
Community Facilities District No. 2001-1 (Norris Canyon) (the "CID") pursuant to the Mello-
Roos Community Facilities Act of 1982,as amended,Chapter 2.5 of Part 1 of Division 2 of Title 5
of the California Government Code (the "Act"), for the purpose of financing certain public
improvements (the"Facilities") as further provided in that Resolution;and
WHEREAS, this Board estimates the amount required for the financing of a portion of
the costs of the Facilities to be the sum of not to exceed $7,220,000; and
WHEREAS, in order to finance a portion of the costs of the Facilities it is necessary to
incur bonded indebtedness in the amount of not to exceed$7,220,000 on behalf of the CFD.
NOW,THEREFORE,IT IS ORDERED as follows:
1. Bonded Debt. It is necessary to incur bonded indebtedness within the
boundaries of the proposed CFD in the amount of up to $7,220,000 to finance the costs of a
portion of the Facilities.
2. Purposes of Bonded Debt. The bonded indebtedness is proposed to be incurred
for the purpose of financing the costs of the Facilities, 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 53345.3 of the Act.
3. Terms of Bonds. This Board, acting as legislative body for the CFD, intends to
authorize the issuance and sale of bonds in the maximum aggregate principal amount of not to
exceed $7,220,000, bearing interest payable semi-annually or in such other manner as this Board
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 the bonds.
4. Public Hearing. Tuesday, June 5, 2001, at 10:00 a.m., or as soon as possible
thereafter, in the Board Chambers, 651 Pine Street, Martinez, California, be, and the same are
hereby appointed and fixed as the time and place when and where this Board, as legislative
body for the CFD, 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 of the County on behalf oNfie CFD.
5. Notices of Hearing. The Clerk of the Board is hereby directed to cause notice of
the public hearing to be given by publication one time in a newspaper of general circulation
circulated within the CFD. The publication of the notice shall be completed at least seven (7)
days before the date specified above for the public hearing. The Clerk of the Board shall also
cause notice of the hearing to be given to each property owner within the CFD by first class
mail, postage prepaid, to each such owner's addresses as it appear on the most recent tax
records of Contra Costa County or as otherwise known to the Clerk of the Board to be correct.
Such mailing shall be completed not less than fifteen days before the date of the hearing. Each
of the notices shall be substantially in the form specified in Section 53346 of the Act.
PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the
County of Contra Costa, State of California, on this 1st day of May, 2001, by the following vote
to wit:
AYES: SUPERVISOR GIOIA, GERBER, De SAULNIER, GLOVER, and UILKEMA
NOES: NONE
ABSENT: NONE
ait-
e
ATTEST:
John Sweeten
County Administrator and Clerk of the
Board of Supervisors
By:
Deputy Clerk