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6/20/2024 11:01:12 AM
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6/20/2024 11:01:07 AM
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Ordinances
Ordinance Number
2971
Date
6/18/2024
Subject
Levy Special Taxes CFD 2001-1 2003-1
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Original Bond Resolution for the issuance of the Bonds, subject to certain modifications to the <br />terms thereof; <br />WHEREAS, on February 3, 2004, the City Council adopted a resolution entitled "A <br />Resolution of the City Council. of the City of Redlands Authorizing the Issuance of not to Exceed <br />$9,600,000 Aggregate Principal Amount of City of Redlands Community Facilities District No. <br />2003-1 (Redlands Business Center) Special Tax Bonds, Series 2004, Approving the Execution and <br />Delivery of an Indenture, a Bond Purchase Contract and a Continuing Disclosure Certificate and <br />the Preparation of an Official Statement and Other Matters Related Thereto" authorizing the <br />issuance of City of Redlands Community Facilities District No. 2003-1 (Redlands Business <br />Center) Special Tax Bonds, Series 2004 (the "Bonds"), in an aggregate principal amount of not to <br />exceed $9,600,000; <br />WHEREAS, the City Council desires to levy the Special Taxes within the Community <br />Facilities Districts 2001-1 and 2003-1 for Fiscal Year 2024-25; <br />THE CITY COUNCIL OF THE CITY OF REDLANDS DOES ORDAIN AS FOLLOWS: <br />Section 1. All of the above recitals are true and correct. <br />Section 2. The City Council hereby levies the Special Taxes for the Fiscal Year 2024- <br />25 at the maximum rates and with respect to the parcels as set forth in Exhibit A hereto; provided, <br />however, that the City Manager or the Finance Director of the City is hereby authorized, prior to <br />the submission to the San Bernardino County Auditor/Controller and upon consultation with the <br />City's special tax consultant, David Taussig & Associates, Inc., (a) to make any necessary <br />modifications to such Special Taxes to correct any errors, omissions or inconsistencies in the <br />listing or categorization of parcels to be taxed (provided that any such modifications shall not result <br />in an increase in the Special Tax applicable to any category of parcels), or (b) to lower such Special <br />Tax rates to the extent such officer deems necessary upon receipt of the final pricing information, <br />and debt service requirements with respect to, the Bonds. The City Clerk of the City is hereby <br />authorized and directed to file with the San Bernardino County Auditor/Controller no later than <br />August 10, 2024, a certified list of all parcels subject to the Special Tax levy including the amount <br />of the Special Tax to be levied on each parcel for Fiscal Year 2024-25. <br />Section 3. The City Council hereby levies the Special Taxes for the Fiscal Year 2024- <br />25 at the maximum rates and with respect to the parcels as set forth in Exhibit B hereto; provided, <br />however, that the City Manager or the Finance Director of the City is hereby authorized, prior to <br />the submission to the San Bernardino County Auditor/Controller and upon consultation with the <br />City's special tax consultant, David Taussig & Associates, Inc., (a) to make any necessary <br />modifications to such Special Taxes to correct any errors, omissions or inconsistencies in the <br />listing or categorization of parcels to be taxed (provided that any such modifications shall not result <br />in an increase in the Special Tax applicable to any category of parcels), or (b) to lower such Special <br />Tax rates to the extent such officer deems necessary upon receipt of the final pricing information, <br />and debt service requirements with respect to, the Bonds. The City Clerk of the City is hereby <br />authorized and directed to file with the San Bernardino County Auditor/Controller no later than <br />2 <br />
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