RES-7889 Initiating Proceedings and Employing Consultants Related to Community Facilities District No. 91-2RESOLUTION NO. 7889
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE DIRECTING INITIATION OF
PROCEEDINGS UNDER THE MELLO-ROOS
COMMUNITY FACILITIES ACT OF 1982 AND
EMPLOYING CONSULTANTS IN CONNECTION
THEREWITH.Community Facilities District No.
91-2 Serrano Heiqhts
Public Improvements)WHEREAS, the City Council of the City of
Orange (the city") is empowered to establish a
community facilities district (the "District") under the
Mello-Roos community Facilities Act of 1982, as amended (
the "Act"): and WHEREAS, Woodcrest Development, Inc.,
has submitted a Petition (Including Waiver) (The "Petition")
to this City Council requesting that the city
establish a community facilities district encompassing certain
land within the City known as the Serrano
Heights development: and WHEREAS, under the Act, this City Council
will act as the legislative body for any
community facilities district established by
the City: and WHEREAS, this city Council has
reviewed the Petition and now desires to proceed with the
establishment of a community facilities district (the "District"),
in order to finance improvements necessitated by
development within the proposed boundaries
of the District.NOW, THEREFORE, BE IT RESOLVED by the
city Council of the city of
Orange as follows:Section I. The staff of the city
is hereby authorized and directed to take all actions necessary
to present to this City Council all proceedings necessary
to establish the District and issue bonds of the City
for the District.Notwithstanding, the City shall not be obligated
to form the District by reason of the adoption of
this Resolution, and may at any time in its sole
discretion abandon proceedings to form the District and issue bonds therefor.
In no event shall the City incur any liability with
respect to the payment of any bonds issued by the City
for the District.Section II. Stone & Youngberg is
hereby designated as underwriter to the City and David
Taussig and Associates,Inc., is hereby designated as special tax
consultant to the City, each in connection with the
establishment of the District and the issuance of special tax bonds
of the city for the District. The Mayor is hereby
authorized to execute and deliver agreements with said firms for
their services in connection with the District in the forms on
file with
section III. The law firm of Jones Hall Hill & White,
A professional Law Corporation, is hereby designated as bond
counsel to the City in connection with the formation of the
District and the special tax bonds expected to be issued by
the City for the District. The Mayor is hereby authorized
to execute and deliver an agreement with said firm for its
services in connection with the District and said bonds, in
the form on file with the City Manager.
section IV. The Director of Finance is hereby
authorized and directed to accept and expend the proceeds of
the deposit made by Woodcrest Development, Inc., in
conjunction with the filing of the Petition. The Director
of Finance is hereby authorized and directed to make demands
upon Woodcrest Development, Inc., for additional funds as
needed to pay the costs of formation of the District and as
contemplated by the Petition and to so expend such funds,
with the purpose and intent that the City not incur any
direct costs in connection with the formation of the
District payable other than by Woodcrest Development, Inc.,
from advances under the petition or from the proceeds of
bonds to be issued for the District.
section V. The firm of Gary L. Vogt & Associates is
hereby designated to act as appraiser in connection with the
valuation of land within the District for use in connection
with the sale of bonds for the District. The Director of
Public Works is hereby authorized to negotiate an agreement
with said appraiser. The Mayor is hereby authorized to
execute and deliver an agreement in form approved by the
Director of Public Works and the city Attorney. The fees of
the said appraiser shall be paid solely from advances made
by Woodcrest Development, Inc., under the Petition or the
proceeds of bonds issued for the District.
section VI. This resolution shall take effect
immediately upon its adoption.
ADOPTED this 15th day of October 1991.
ATTEST:
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fJ?L/t~ ~ ()P4fb4J
City Cler of t 1fty of Orange
Reso No. 7889 2-
I hereby certify that the foregoing Resolution was duly
and regularly adopted by the City Council of the City of
Orange at a regular meeting thereof held on the 15th day
of October , 1991, by the following vote:
AYES:
NOES:
ABSENT:
dg
COUNCIL MEMBERS: STEINER, BARRERA, MAYOR BEYER, COONTZ, SPURGEON
COUNCIL MEMBERS: NONE
COUNCIL MEMBERS: NONE
Ci~h~ig~ge
3-Reso No. 7889