REQUEST FOR CITY COUNCIL ACTION
DATE: 06/05/2024
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
RESOLUTIONS LEVYING SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 2025 FOR SEVERAL BONDED COMMUNITY FACILITIES DISTRICTS
End
EXECUTIVE SUMMARY:
This staff report asks the City Council to adopt Resolution No. 2024-042, No. 2024-043, No. 2024-044, No. 2024-045, No. 2024-046, No. 2024-047, No. 2024-048, No. 2024-049, No. 2024-050, No. 2024-051, No. 2024-052, No. 2024-053, and No. 2024-054. Adopting the recommended resolutions will allow the City to levy and collect Fiscal Year 2025 special taxes for several bonded Community Facilities Districts.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Adopt Resolution No. 2024-042, levying special taxes to be collected during Fiscal Year 2025 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 concerning the bond.
b. Adopt Resolution No. 2024-043, levying special taxes to be collected during Fiscal Year 2025 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 concerning the bond.
c. Adopt Resolution No. 2024-044, levying special taxes to be collected during Fiscal Year 2025 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 to the bond.
d. Adopt Resolution No. 2024-045, levying special taxes to be collected during Fiscal Year 2025 for the payment of the principal and interest on the outstanding bonds of Community Facilities District No. 2002-1 (Dos Lagos), 2017 Special Tax Ref...
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