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HomeMy WebLinkAboutRESOLUTIONS - 04231991 - 91-250 13052-12 JHHW:PJT: ale 05/21/89 J7562 03/28/91 04/17/91 RESOLUTION NO. A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS OF THE PROPOSED COUNTY OF CONTRA COSTA COMMUNITY FACILITIES DISTRICT NO. 1991-1 (PLEASANT HILL BART STATION AREA)PURSUANT TO THE MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 County of Contra Costa Community Facilities District No. 1991-1 (Pleasant Hill BART Station Area) 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"), Chapter 2.5 of Part 1 of Division 2 of Title 5 of the California Government Code, for the purpose of financing certain public improvements (the "Facilities"), 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 $5,500,000; 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 $6,000,000. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: Section 1. It is necessary to incur bonded indebtedness within the boundaries of the proposed County of Contra Costa Community Facilities District No. 1991-1 (Pleasant Hill BART Station Area) (the "District") in the amount of not to exceed $6,000,000 to finance a portion of the costs of the Facilities. Section 2. The bonded indebtedness is proposed to be incurred for the purpose of financing the costs of the acquisition of the Facilities, including acquisition 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. 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 $6,000,000, 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 r - such bonds, and maturing not to exceed 40 years from the date of the issuance of said bonds. Section 4. Tuesday, June 4, 1991, at 11:00 a.m., in the Board Chambers, Room 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 Clerk of the Board or 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. 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 23rd day of April, 1991, by the following vote of the Board: AYES: Supervisors Fanden, Torlakson, McPeak-, Schroder NOES: None ABSENT: Supervisor Powers ATTEST: Phil Batchelor, Clerk of the Board of Supervisors and County Administrator y' Deputy 2- EXIHBIT A NOTICE OF PUBLIC HEARING County of Contra Costa Community Facilities District No. 1991-1 (Pleasant Hill BART Station Area) Notice is hereby given that on April 23, 1991, the Board of Supervisors of the County of Contra Costa adopted a Resolution entitled "A Resolution of Intention To Incur Bonded Indebtedness of the Proposed County of Contra Costa Community Facilities District No. 1991-1 (Pleasant Hill BART Station Area) Pursuant To The Mello-Roos Community Facilities Act of 1982". Pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act") the Board of Supervisors hereby gives notice as follows: A. The text of said Resolution is as follows: 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"), Chapter 2.5 of Part 1 of Division 2 of Title 5 of the California Government Code, for the purpose of financing certain public improvements (the "Facilities"), 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 $5,500,000; 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 $6,000,000. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: Section 1. It is necessary to incur bonded indebtedness within the boundaries of the proposed County of Contra Costa Community Facilities District .No. 1991-1 (Pleasant Hill BART Station Area) (the "District") in the amount of not to exceed $6,000,000 to finance a portion of the costs of the Facilities. Section 2. The bonded indebtedness is proposed to be incurred for the purpose of financing the. costs of the acquisition of the Facilities, including acquisition 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. A-1 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 $6,000,000, 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, June 4, 1991, at 11:00 a.m., in the Board Chambers, Room 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 Clerk of the Board or 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. 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: 91991 A2