R-031-12 Authorizing the Levy of a Special Tax in Community Facility District No. 87-1- Adopted 7.17.2012

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1 RESOLUTION NO. R-31-12 2 A RESOLUTION OF THE CITY COUNCIL OF COLTON, CALIFORNIA 3 AUTHORIZING THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES DISTRICT NO. 87-1 FOR FISCAL YEAR 2012/2013. 4 5 WHEREAS, the CITY COUNCIL of the CITY OF COLTON, CALIFORNIA previously 6 undertook proceedings to form a community facilities district (this Community Facilities 7 District is designated as COMMUNITY FACILITIES DISTRICT NO. 87-1 and is referred to 8 herein as the "District'), and conducted an election and received a favorable vote from the 9 qualified electors authorizing the levy of a special tax in the District, all as authorized pursuant 10 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 State of California (the 12 "Act"); and 13 WHEREAS, the Act authorized the City Council to levy the special taxes at the rate 14 15 and apportion them in the manner as approved by the qualified electors and further 16 authorized the City Council to thereafter provide, by resolution, for the levy of the special tax 17 in the current tax year or future tax years at the same rate or at a lower rate than the rate 18 provided by the ordinance; and 19 WHEREAS, the City Council desires to authorize the levy of the special tax by 20 resolution for the current and all future tax years. 21 22 NOW, THEREFORE BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY 23 COUNCIL FOR THE DISTRICT, AS FOLLOWS: 24 SECTION 1. That the above recitals are all true and correct. 25 SECTION 2. That the City Council does, by the passage of this resolution, authorize 26 the levy of special taxes at the rate and formula as set forth in Exhibit "A" attached hereto, 27 referenced and so incorporated. 28 29 SECTION 3. That the City Council is hereby further authorized, by Resolution, to