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HomeMy WebLinkAboutO-1661 levying special taxes within the City of San Luis Obispo Community Facilities District No 2019-1 San Luis RanchORDINANCE NO. 1661 (2019 SERIES) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, LEVYING SPECIAL TAXES WITHIN THE CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019- 1 (SAN LUIS RANCH) WHEREAS, on February 19, 2019, the City Council (the "City Council") of the City of San Luis Obispo (the "City"), pursuant to the Mello -Roos Community Facilities Act of 1982 (the "Act"), adopted a resolution entitled "A Resolution of the City Council of the City of San Luis Obispo, California of Intention to Establish a Community Facilities District and to Authorize the Levy of Special Taxes" stating its intention to establish City of San Luis Obispo Community Facilities District No. 2019-1'(San Luis Ranch) (the "Community Facilities District") and to finance certain public facilities (the "Facilities"); WHEREAS, on April 2, 2019, the City Council held a noticed public hearing on the establishment of the Community Facilities District, as required by the Act; WHEREAS, subsequent to the close of said hearing, the City Council adopted resolutions entitled "A Resolution of the City Council of the City of San Luis Obispo, California of Formation of the City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch), Authorizing the Levy of a Special Tax within the Community Facilities District and Establishing an Appropriations Limit for the Community Facilities District" (tile "Resolution of Formation"), "A Resolution of the City Council of the City of San Luis Obispo, California Deeming it Necessary to Incur Bonded Indebtedness within City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch)" and "A Resolution of the City Council of the City of San Luis Obispo, California Calling Special Election for City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch)," which resolutions established the Community Facilities District, authorized the levy of a special tax within the Community Facilities District and called an election within the Community Facilities District on the proposition of incurring indebtedness, levying a special tax within the Community Facilities District and establishing an appropriations limit for the Community Facilities District, respectively; and WHEREAS, on April 2, 2019, an election was held in which the qualified electors of the Community Facilities District approved said proposition by more than the two-thirds vote required by the Act; NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of San Luis Obispo as follows: SECTION 1. The City Council hereby authorizes and levies special taxes within the Community Facilities District pursuant to Sections 53328 and 53340 of the Act, at the rate and in accordance with the method of apportionment set forth in Exhibit B to the Resolution of Formation (the "Rate and Method of Apportionment"). The special taxes are hereby levied commencing in fiscal year 2019-20, and in each fiscal year thereafter until the last fiscal year in which such special taxes are authorized to be levied pursuant to the Rate and Method of Apportionment. 01661 Ordinance No. 1661 (2019 Series) Page 2 SECTION 2. The City Council may, in accordance with subdivision (b) of Section 53340 of the Act, provide, by resolution, for the levy of the special tax in future tax years at the same rate or at a lower rate than the rate provided by this Ordinance. In no event shall the special tax be levied on any parcel within the Community Facilities District in excess of the maximum tax specified therefor in the Rate and Method of Apportionment. SECTION 3. The special tax shall be levied on all of the parcels in the Community Facilities District, unless exempted by law or by the Rate and Method of Apportionment. SECTION 4. The proceeds of the special tax shall only be used to pay, in whole or in part, the cost of providing the Facilities and incidental expenses pursuant to the Act. SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale and lien priority in the case of delinquency as is provided for ad valorem taxes, unless another procedure is adopted by the City Council. SECTION 6. If for any reason any portion of this Ordinance is found to be invalid, or if the special tax is found inapplicable to any particular parcel within the Community Facilities District, by a court of competent jurisdiction, the balance of this Ordinance and the application of the special tax to the remaining parcels within the Community Facilities District shall not be affected. 01661 Ordinance No. 1661 (2019 Series) Page 3 This Ordinance shall take effect and shall be in force 30 days after the date of its adoption and prior to the expiration of 15 days from the passage thereof shall be published at least once in the New Times, a newspaper of general circulation, printed and published in the City of San Luis Obispo, State of California, together with the names of the City Council members voting for and against the same. INTRODUCED on the 2nd day of April 2019, AND FINALLY ADOPTED by the Council of the City of San Luis Obispo on the 16th day of April 2019, on the following vote: AYES: NOES: ABSENT: ATTEST: Teresa Purrington City Clerk Council Members Christianson, Gomez, and Stewart, Vice Mayor Pease and Mayor Harmon None None APPROVED AS TO FORM: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, this day of ; , 2019. Teresa Purrington City Clerk 01661