88-440RESOLUTION NO. 88RA k 0
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS
OF THE PROPOSED COMMUNITY FACILITIES DISTRICT NO. 1989-3 (THE
SUMMIT) PURSUANT TO THE MELLO-ROOS COMMUNITY FACILITIES ACT
OF 1982
Community Facilities District No. 1989-3
(The Summit)
RESOLVED by the City Council of the City of Anaheim (the "City") that:
WHEREAS, this City Council has this date adopted its Resolution entitled "A
Resolution of Intention to Establish a Community Facilities District and To Authorize the
Levy of Special Taxes Pursuant to the Mello Roos Community Facilities Act of 1982",
stating its intention to form a community facilities district pursuant to the Mello-Roos
Community Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of
Division 2 of Title 5 of the Califon~ia Government Code, for the purpose of financing the
acquisition and/or construction of certain public improvements (the "Facilities") and the
provision of certain services (the "Services"), as further provided in said Resolution; and
WHEREAS, this City Council estimates the amount required for the financing of
the acquisition and/or construction of the Facilities and the initial provision of the
Services to be the sum of $20,500,000; and
WHEREAS, in order to finance said Facilities and the initial provision of said
Services it is necessary to incur bonded indebtedness in the amount of $28,500,000;
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. It is necessary to incur bonded indebtedness within the boundaries of the
proposed Community Facilities District No. 1989 3 (The Summit) (the "District") in the
amount of $28,500,000 to finance the costs of the Facilities and the initial provision of
the Services.
2. The bonded indebtedness is proposed to be incurred for the purpose of
financing the costs of the acquisition of the Facilities and the initial provision of the
Services, including acquisition 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.
3. This City Council, acting as legislative body for the District, intends to
authorize the issuance and sale of bonds in the maximum aggregate principal amount of
not to exceed $28,500,000, bearing interest payable semi-annually or in such other
manner as this City 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 40 years from the date of the issuance of said bonds.
4. Tuesday. February 7, 1989. at 7:30 p.m., m the regular meeting place of this
City Council. Council Chambers. City Hall, 200 South Anaheim Boulevard. Anaheim,
California. be. and the same are here~y appointed and fixed as the time and place when
and where this City Council. as legislative body for the District. will conduct a public
hearing on the proposed deht issue and consider and finally deiermine whether the public
interest, convenience and necessity require tile issuance of bonds of the City for the
District. ·
5. 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
District. The publication of said notice shall be completed at least seven (7) days before
the date herein set for said public hearing. Said notice shall substantially in the form of
Ex2fibit A hereto.
PASSED AND ADOPTED this 20th day of December, 1988.
A?TEST:
City Clerk
-2-
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL,
City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 89R-440 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 20th day of December, 1988, by the following vote of the members thereof:
AYES
NOES
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Daly, Ehrle, Pickler and Hunter
Kaywood
None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Resolution No. 89R-440 on the 13th day of January, 1989.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal
of the City of Anaheim this 13th day of January, 1989.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 89R-4~0 duly passed and
adopted by the Anaheim City Council on December 20, 1988.
CITY CLERK OF THE CITY OF ANAHEIM
EXHIBIT A
NOTICE OF PUBLIC HEARING
CITY OF ANAHEIM
Community Facilities District No. 1989-3
(The Summit)
Notice is hereby given that on December 20, 1988, the City Council of the City of
Anaheim adopted a Resolution entitled "A Resolution of Intention To Incur Bonded
Indebtedness of the Proposed Community Facilities District No. 1989-3 (The Summit)
Pursuant To The Mello-Roos Community Facilities Act Of 1982". Pursuant to the Mello-
Roos Community Facilities Act of 1982 (the "Act") the City Council hereby gives notice as
follows:
A. The text of said Resolution is as follows:
RESOLVED by the City Council of the City of Anaheim (the "City") that:
WHEREAS, this City Council has this date adopted its Resolution
entitled "A Resolution of Intention to Establish a Community Facilities
District and To Authorize the Levy of Special Taxes Pursuant to the Mello-
Roos Community Facilities Act of 1982", stating its intention to form a
community facilities district pursuant to the Mello-Roos Community
Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of
Division 2 of Title 5 of the California Government Code, for the purpose of
financing the acquisition and/or construction of certain public
improvements (the "Facilities") and the provision of certain services (the
"Services"), as further provided in said Resolution; and
WHEREAS, this City Council estimates the amount required for the
financing of the acquisition and/or construction of the Facilities and the
initial provision of the Services to be the sum of $20,500,000; and
WHEREAS, in order to finance said Facilities and the initial provision of
said Services it is necessary to incur bonded indebtedness in the amount of
$28,500,000;
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. It is necessary to incur bonded indebtedness within the boundaries
of the proposed Community Facilities District No. 1989-3 (The Summit) (the
"District") in the amount of $28,500,000 to finance the costs of the Facilities
and the initial provision of the Services.
2. The bonded indebtedness is proposed to be incurred for the
purpose of financing the costs of the acquisition of the Facilities and the
A-1
initial provision of the Services, including acquisition 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.
3. This City Council, acting as legislative body for the District, intends
to authorize the issuance and sale of bonds in the maximum aggregate
principal amount of not to exceed $28,500,000, bearing interest payable
semi-annually or in such other manner as this City 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 40 years from the date of the issuance of said bonds.
4. Tuesday, February 7, 1989, at 7:30 p.m., in the regular meeting place
of this City Council, Council Chambers, City Hall, 200 South Anaheim
Boulevard, Anaheim, California, be, and the same are hereby appointed
and fixed as the time and place when and where this City 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
City for the District.
5. 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 District. The publication of said notice shall
be completed at least seven (7) days before the date herein set for said
public hearing. Said notice shall substantially in the form of Exhibit A
hereto.
B. The hearing referred to in the aforesaid Resolution shall be at the time and place
specified in said Resolution.
C. At that time and place any person interested, including persons owning property in
the area of the proposed community facilities district, will be heard upon the proposed
debt issue.
Dated:
1989
/si
City Clerk
City of Anaheim