1997 AGN JUL 15 I18 - Laserfiche WebLink

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D RESOLUTION NO.R-74-97 1 RESOLUTION OF THE CITY OF COLTON, CALIFORNIA AUTHORIZING THE LEVY OF A SPECIAL TAX IN 2 COMMUNITY FACILITIES DISTRICT NO. 87-1 3 4 WHEREAS, the CITY COUNCIL of the CITY OF 5 COLTON, CALIFORNIA previously undertook proceedings to form a 6 community facilities district (this Community Facilities District is 7 designated as COMMUNITY FACILITIES DISTRICT NO. 87-1 and is 8 referred to herein as the "District"), and conducted an election and 9 received a favorable vote from the qualified electors authorizing the levy 10 of a special tax in the District, all as authorized pursuant to the terms and provisions of the "Mello -Roos Community Facilities Act of 1982", being 11 Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the 12 State of California (the "Act"); and 13 WHEREAS, the Act authorized the City Council to levy 14 the special taxes at the rate and apportion them in the manner as 15 approved by the qualified electors and further authorized the City Council 16 to thereafter provide, by resolution, for the levy of the special tax in the 17 current tax year or future tax years at the same rate or at a lower rate than 18 the rate provided by the ordinance; and 19 WHEREAS, the City Council desires to authorize the levy 20 of the special tax by resolution for the current and all future tax years. NOW, THEREFORE, IT IS HEREBY RESOLVED AS 21 FOLLOWS: 22 SECTION 1. That the above recitals are all true and 23 correct. 2411 SECTION 2. That the City Council does, by the 25 passage of this resolution, authorize the levy of special taxes at the rate 26 and formula as set forth in Exhibit "A" attached hereto, referenced and so 27 incorporated.