REQUEST FOR CITY COUNCIL ACTION
DATE: 07/19/2023
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
RESOLUTIONS LEVYING SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 2024 FOR SEVERAL BONDED COMMUNITY FACILITIES DISTRICTS
End
EXECUTIVE SUMMARY:
This staff report asks the City Council to adopt Resolution No. 2023-062, No. 2023-063, No. 2023-064, No. 2023-065, No. 2023-066, No. 2023-067, No. 2023-068, No. 2023-069, No. 2023-070, No. 2023-071, No. 2023-072, No. 2023-073, and No. 2023-074. Adoption of the recommended resolutions will allow the City to levy and collect Fiscal Year 2024 special taxes for several bonded Community Facilities Districts.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Adopt Resolution No. 2023-062, levying special taxes to be collected during Fiscal Year 2024 for the payment of the principal and interest on the outstanding bond of Community Facilities District No. 2000-1 (Eagle Glen II), 2020 Special Tax Refunding Bond, and the administrative expenses with respect to the bond.
b. Adopt Resolution No. 2023-063, levying special taxes to be collected during Fiscal Year 2024 for the payment of the principal and interest on the outstanding bond of Community Facilities District No. 2001-2 (Cresta-Grande), 2020 Special Tax Refunding Bond (Improvement Area No. 1), and the administrative expenses with respect to the bond.
c. Adopt Resolution No. 2023-064, levying special taxes to be collected during Fiscal Year 2024 for the payment of the principal and interest on the outstanding bond of Community Facilities District No. 2001-2 (Cresta-Grande), 2020 Special Tax Refunding Bond (Improvement Area No. 2), and the administrative expenses with respect to the bond.
d. Adopt Resolution No. 2023-065, levying special taxes to be collected during Fiscal Year 2024 for the payment of the principal and interest on the outstanding bonds of Community Facilities District No. 2002-1 (Dos La...
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