HomeMy WebLinkAboutRESOLUTIONS - 01012002 - 2002-543 RESOLUTIONNO-20M4543
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS OF
THE PROPOSED COUNTY OF CONTRA COSTA COMMUNITY FACILITIES
DISTRICT NO. 2002-1 (RENAISSANCE CLUBSPORT PUBLIC
IMPROVEMENTS) PURSUANT TO THE MELLO-R.00S COMMUNITY
FACILITIES ACT OF x982
County of Contra Costa
Community Facilities District No. 2002-1
(Renaissance ClubSport Public Improvements)
RESOLVED by the Board of Supervisors of the County of Contra Costa (the "County")
that:
WHEREAS, this Board of Supervisors 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"),being Chapter 2.5 of Part 1 of Division 2 of Title 5
of the California Government Code, for the purpose of financing and/or refinancing, as
applicable, certain public improvements (the"Facilities"),certain public infrastructure fees(the
"Fees") and certain prior assessment liens (the "Prior Liens"), as further provided in said
Resolution, and
WHEREAS,this Board of Supervisors estimates the amount required for the financing of
a portion of the costs of the Facilities to be the sum of not to exceed$3,25o,000; and
WHEREAS, in order to finance a portion of the costs of said Facilities it is necessary to
incur bonded indebtedness in the amount of not to exceed$3,500,000.
NOW,THEREFORE,IT IS HEREBY ORDERED as follows:
Section i. It is necessary to incur bonded indebtedness within the boundaries of the
proposed County of Contra Costa Community Facilities District No. 2002-1 (Renaissance
C1ubSport Public Improvements) (the"District") in the amount of not to exceed $3,500,000 to
-= finance and/or refinance, as applicable, the costs of the Facilities, the payment of the Fees and
the discharge of the Prior Liens,
Section 2. The bonded indebtedness is proposed to be incurred for the purpose of
financing and/or refinancing, as applicable, the costs of the Facilities, the payment of the Fees.
and the discharge of the Prior Liens including all costs incidental to or connected with the
accomplishment of said purposes and of the financing and/or refinance, as applicable, thereof,
as permitted by Section 53345.3 of the Act.
Section 3. This Board of Supervisors, 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 $3,5oo,000, bearing interest payable semi-annually or in such other manner as this
Board of Supervisors 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.
Section 4. Tuesday, October iy, 2002, at ii:oo a.m. or as soon thereafter as the matter
may be heard, in the Board Chambers, Boom 107,651 Pine Street, Martinez, California,be, and
the same are hereby appointed and fixed as the time and place when and where this Board of
Supervisors, 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 County for the District.
Section 5. The Deputy Director - Redevelopment 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.
Section 6.:This Resolution shall take effect upon its adoption.
I hereby certify that the foregoing Resolution was duly adopted by the Board of
Supervisors of Contra Costa County, California, at a regularly scheduled meeting thereof, held
on the loth day of September,2002,by the following vote of the Board:
AYES: S[JPU.VIM UUKM, Gam, UesATJ1u+T �, MOM AM GIOIA
NOES:
ABSENT: z
ATTEST: Septarber 10, 2002
Clerk of the Board of Supervisors and
County Administrator
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By:
Deputy
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