HomeMy WebLinkAboutRES CC 2004 2242 2004 0915RESOLUTION NO. 2004 -2242
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF MOORPARK, CALIFORNIA, DECLARING ITS
INTENTION TO INCUR A BONDED INDEBTEDNESS TO
FINANCE THE ACQUISITION AND CONSTRUCTION OF
CERTAIN PUBLIC FACILITIES AND THE PAYMENT OF
CERTAIN FEES IN AND FOR THE CITY OF MOORPARK
COMMUNITY FACILITIES DISTRICT NO. 2004 -2
( MOORPARK VISTA)
WHEREAS, The Council has this date adopted its Resolution
of Intention to Establish a Community Facilities District,
stating its intention to form the City of Moorpark Community
Facilities District No. 2004 -2 (Moorpark Vista) (the "CFD ")
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 ") and
services, as further provided in that Resolution; and
WHEREAS, This Council estimates the amount required for the
financing of the costs of the Facilities to be the sum of not to
exceed $40,000,000; and
WHEREAS, In order to finance the costs of the Facilities it
is necessary to incur bonded indebtedness in the amount of not
to exceed $40,000,000 on behalf of the CFD; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Bonded Debt. It is necessary to incur
bonded indebtedness within the boundaries of the proposed CFD in
the amount of up to $40,000,000 to finance the costs of the
Facilities.
SECTION 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.
SECTION 3. Terms of Bonds. This Council, acting as
legislative body for the CFD intends to authorize the issuance
Resolution No. 2004 -2242
Page 2
and sale of bonds in the maximum aggregate principal amount of
not to exceed $40,000,000, bearing interest payable semi-
annually or in such other manner as this 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 31 years from the date of
the issuance of said bonds.
SECTION 4. Public Hearing. September 15, 2004, at
7:00 p.m., or as soon as possible thereafter, in the City
Council Chambers, Moorpark Community Center, 799 Moorpark
Avenue, Moorpark, California 93021, be, and the same are hereby
appointed and fixed as the time and place when and where this
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 of the City on
behalf of the CFD.
SECTION S. Notice of Hearing. 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 CFD. The publication of said notice shall
be completed at least seven (7) days before the date herein set
for said public hearing. The notice shall be substantially in
the form specified in Section 53346 of the Act, with the form
summarizing the provisions hereof hereby specifically approved.
SECTION 6. Certification. The City Clerk shall certify
to the adoption of this resolut' and cause a certified
resolution to be filed in the bo of or final resolutions.
PASSED AND ADOPTED this th day of Se tember,104./
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ATTEST:
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Deborah S. Traffensted City Clerk o'
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Resolution No. 2004 -2242
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Deborah S. Traffenstedt, City Clerk of the City of
Moorpark, California, do hereby certify under penalty of perjury
that the foregoing Resolution No. 2004 -2242 adopted by the City
Council of the City of Moorpark at a regular meeting held on the
15th day of September, 2004, and that the same was adopted by
the following vote:
AYES: Councilmembers Harper, Mikos, Millhouse, Parvin
and Mayor Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 7th
day of October, 2004.
Deborah S. Traffenstedt, City Clerk
(seal)