Res03 14543 - Laserfiche WebLink

Browse Search

07/28/2003 ORIGINAL RESOLUTION NO. 14543 RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY, ACTING AS THE LEGISLATIVE BODY OF REDWOOD SHORES COMMUNITY FACILITIES DISTRICT NO. 99 -1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, STATING ITS INTENTION TO ISSUE BONDS AND AUTHORIZING THE ISSUANCE OF ITS SPECIAL TAX BONDS, SERIES 2003B, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $8,490,000 AND APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, on March 22, 1999, the Council of the City of Redwood City (the "Council") adopted its Resolution No. 13590 stating its intention to form Redwood Shores Community Facilities District No. 99 -1 (Shores Transportation Improvement Project) of the City of Redwood City (the "District') pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (constituting Section 53311 et seq. of the Government Code) (the "Act "), for the purpose of financing certain facilities and incidental expenses described in Resolution No. 13590; and WHEREAS, on April 26, 1999, following a noticed hearing, the Council adopted Resolution Nos. 13610 and 13611 which established the District, authorized the levy of a special tax in accordance with the Rate and Method of Apportionment attached to Resolution No. 1311, and called an election within the District for July 30, 1999 on the proposition of levying a special tax, authorizing the issuance of bonds in a principal amount not to exceed $13,535,000, and establishing an appropriations limit (the "Proposition "); and WHEREAS, on August 9, 1999, the Council, acting as the legislative body of the District, adopted Resolution No. 13693 certifying the results of the July 30, 1999 F:ATTY/RESO /RES0.1407 14543 071403 1