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06/18/2012 <br /> ORIGINAL <br /> RESOLUTION NO. 15196 <br /> RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY <br /> ACTING AS THE LEGISLATIVE BODY OF THE COMMUNITY <br /> FACILITIES DISTRICT NO. 99-1 AUTHORIZING THE ANNUAL LEVY <br /> OF SPECIAL TAX FOR FISCAL YEAR 2012-13 <br /> RESOLVED, by the City Council of the City of Redwood City, California (the "City <br /> Council"), acting as the Legislative Body of the Community Facilities District No. 99-1 <br /> (the "Legislative Body") as follows: <br /> WHEREAS, the City Council has conducted proceedings under and pursuant to <br /> the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), to form the <br /> City of Redwood City Community Facilities District No. 99-1 (Shores Transportation <br /> Improvement Project) (the "District"), to authorize the levy of special taxes upon the land <br /> within the District, and to issue bonds secured by said special taxes to finance certain <br /> facilities; and <br /> WHEREAS, the Legislative Body has, pursuant to Ordinance No. 2180, enacted <br /> on August 23, 1999 (the "Ordinance"), as authorized by section 53340 of the California <br /> Government Code, authorized the levy of a special tax to pay for costs and expenses <br /> related to the District, and the Legislative Body desires to establish the specific rate of <br /> the special tax to be collected for the next fiscal year. <br /> NOW, THEREFORE, it is hereby determined and ordered as follows: <br /> 1. The above recitals are all true and correct. <br /> 2. The specific rate and amount of the special tax to be collected to pay for costs <br /> and expenses for Fiscal Year 2012-13 for the District is hereby determined and <br /> established as set forth in Exhibit A, attached hereto and incorporated by <br /> reference. <br /> 3. The rate determined and as set forth above does not exceed the amount as <br /> previously authorized by the Ordinance and is not in excess of that amount <br /> previously approved by the qualified elector of the District, and is in accordance <br /> with Proposition 218, Section XIIID of the California State Constitution. <br /> 4. The proceeds of the special tax shall be used to pay, in whole or in part, the <br /> costs of the following, in the following order of priority: <br /> (a) Payment of principal of and interest on any outstanding authorized bonded <br /> indebtedness; <br /> ATTY/RES0.2240/ANNUAL TAX LEVY CFD99-1 RESO.#15196 <br /> REV:5-21-12 HS MUFF#505 <br /> 1 <br />