REQUEST FOR CITY COUNCIL ACTION
DATE: 07/07/2021
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
Resolutions levying special taxes to be collected during Fiscal Year 2022 for several bonded Community Facilities Districts.
End
EXECUTIVE SUMMARY:
Adoption of the recommended resolutions will allow the City to levy and collect Fiscal Year 2022 special taxes.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Adopt Resolution No. 2021-066, levying special taxes to be collected during Fiscal Year 2022 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. 2021-067, levying special taxes to be collected during Fiscal Year 2022 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. 2021-068, levying special taxes to be collected during Fiscal Year 2022 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. 2021-069, levying special taxes to be collected during Fiscal Year 2022 for the payment of the principal and interest on the outstanding bonds of Community Facilities District No. 2002-1 (Dos Lagos), 2017 Special Tax Refunding Bonds, and the administrative expenses with respect to the bonds.
e. Adopt Resolution No. 2021-070, levying special taxes to be collected during Fiscal Year 2022 for the payment of the principal and interest on the outstanding bonds of Community Facilities Dist...
Click here for full text