Res 10-055RESOLUTION NO. 10 -055
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY,
CALIFORNIA, SETTING THE SPECIAL TAX RATE
AND THE AMOUNT TO BE LEVIED ON PROPERTY WITHIN THE
COMMUNITY FACILITIES DISTRICT NO. 88 -1
(PARKWAY BUSINESS CENTRE) FOR FISCAL YEAR 2010 -2011
WHEREAS, the City Council of the City of Poway, California has approved the
formation of the Community Facilities District No. 88 -1 (Parkway Business Centre) pursuant
to the terms and provisions of the Mello -Roos Community Facilities District Act of 1982,
and
WHEREAS, the City Council by following the provisions set forth in said act
authorized the issuance of $16,545,000 in 2009 Special Tax Refunding Bonds, and
WHEREAS, Ordinance No. 289 provides for the annual setting of a special tax rate
amount to be levied on property within the District to service the principal and interest due
on the bonds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway
that the special tax necessary to be collected on property within the District for fiscal year
2010 -2011 is set at $13,082.68 per net usable acre on property within the District, and that
the special tax shall be spread on the 258.800 net usable acres as shown in Exhibit A.
PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway at a
regular meeting thereof this 3rd day of August 2010.
Don Higginson, Mayor
pdil MMC, City Clerk
ity oway
Resolution No. 10 -055
Page 2
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO)
I, Linda A. Troyan, MMC, City Clerk of the City of Poway, do hereby certify under penalty of
perjury that the foregoing Resolution No. 10 -055 was duly adopted by the City Council at a
meeting of said City Council held on the 3rd day of August 2010, and that it was so adopted
by the following vote:
AYES: BOYACK, CUNNINGHAM (via teleconference), MULLIN, KRUSE, HIGGINSON
NOES: NONE
ABSENT: NONE
DISQUALIFIED: NONE