RES-7921 Declaring Results of Special Election Community Facilities District No. 91-2RESOLUTION NO.7921
A RESOLUTION OF THE CITY COUNCIL
CITY OF ORANGE DECLARING RESULTS
SPECIAL ELECTION AND DIRECTING
OF NOTICE OF SPECIAL TAX LIEN
OF THE
OF
RECORDING
Community
Serrano
Facilities District No. 91-
2 Heights Public
Improvements)WHEREAS, in proceedings heretofore conducted by this
City Council pursuant to the Mello-Roos Community Facilities
Act of 1982, as amended (the "Act"), this City Council on
this date adopted a resolution entitled "A Resolution of the City
Council of the City of Orange Calling Special Election", calling
for a special election of the qualified electors within the
City of Orange Community Facilities District No. 91-
2 (Serrano Heights Public Improvements) of the City (
the "District"); and WHEREAS, pursuant to the terms of said
resolution, which are by this reference incorporated herein, said
special election was held on this date, and the City Clerk has on file
a Canvass and Statement of Results of Election, a copy of
which is attached hereto as
Exhibit "A"; and WHEREAS, this City Council has reviewed
said Canvass and
hereby approves it.NOW, THEREFORE, BE IT RESOLVED by the City
Council of the City of
Orange as follows:Section I. The issues presented at
said special election were the incurring of a bonded indebtedness in
the max~mum aggregate principal amount of $40,000,000, the levy
of a special tax wi thin the District to be levied in
accordance with the formula heretofore approved by this City Council
by its resolution adopted this date entitled "A Resolution of the
City Council of the City of Orange of Formation of City
of Orange Community Facilities District No. 91-
2 (Serrano Heights Public Improvements), Authorizing Levy of a Special
Tax wi thin the District, Preliminarily Establishing
an Appropriations Limit for the District and Submitting Levy of the
Special Tax and the Establishment of the Appropriations
Limit to the Qualified Electors of the District", and the
approval of an annual appropriations limit of not to exceed $4,000,
000
pursuant to said resolution.Section II. Pursuant to said Canvass on
file with the City Clerk, the issues presented at said
special election were approved by the qualified electors of the District
by more than two-thirds of the votes
section III. Pursuant to said voter approval, the District
is hereby declared to be fully formed with the City to incur
bonded indebtedness and to levy special . taxes as heretofore
provided in these proceedings and in the Act.
Section IV. It is hereby found that all prior proceedings
and actions taken by this City Council with respect to the
District were valid and in conformity with the Act.
Section V. The City Clerk is hereby directed to execute and
cause to be recorded in the office of the County Recorder of the
County of Orange a notice of special tax lien in the form required
by the Act, said recording to occur no later than fifteen days
following adoption by the City Council of this resolution.
ADOPTED this 17th day of December ,1991.
ATTEST:
971~'?A"~ ~g-'l'/dV~/
City Cle of ity of Orange
I hereby certify that the foregoing
regularly adopted by the City Council of
regular meeting thereof held on the 17th
by the following vote:
Resolution was duly and
the City of Orange at a
day of December, 1991,
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
STEINER, BARRERA, MAYOR BEYER, COONTZ, SPURGEON
NONE
NONE
AI/~ -It ~-?f~~~City
Cle of etCity of range 2-
Resolution
No. 7921
RXHTRlT A
CANVASS AND STATEMENT OF RESULT OF ELECTION
City of Orange
Community Facilities District No. 91-
2 Serrano Heights Public
Improvements)I hereby certify that on December 17, 1991, I canvassed the returns of the
election held on December 17, 1991, in the City of Orange Community Facilities District No.
91-2 Serrano Heights Public Improvements) and the total number of ballots cast
in said District and the total number of votes cast for and against the measure are as
follows and the totals as shown for and against the measure are filll, true
and
correct:Qualified
Landowner Votes Votes Cast
YES NO City of Orange
Community Facilities District No. 91-2 (
Serrano Heights Public Improvements)
Special Tax Election,December
17,1991.517 BALLOT MEASURE: Shall the City of Orange incur an
indebtedness and issue bonds in one or more series in the maximum aggregate principal amount of $
40,000,000,with interest at a rate or rates not to exceed the maximum interest rate
permitted by law at the time of sale of such bonds on behalf of the City of
Orange Community Facilities District No. 91-2 (Serrano Heights Public Improvements) (the "
District"), the proceeds of which will be used to finance certain public improvements; shall
a special tax payable solely from lands within the District be levied annually upon lands
within the District to pay for the principal and interest upon such bonds and the costs
of the City in administering the District, and shall the annual appropriations limit
of the District be established in the amount
of$4,000,000?IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY
HAND this _
day
of December,
1991.By:City
Clerk,