Res 87-085RESOLUTION NO. 87-085
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 SOUTH POWAY COMMUNITY FACILITIES DISTRICT NO 1
FOR FISCAL YEAR 1987-88
WHEREAS, the City Council of the City of Poway, California has approved the
formation of the South Poway Community Facilities District No. i 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 and said act
authorized the issuance of $32,800,000 in 1987 Special Tax Refunding Bonds, and
WHEREAS, Ordinance No. 182 provides for the annual setting of a special tax
rate amount to be levied on property within the District to service the prin-
cipal and interest due on the bonds.
NOW, THEREFORE, BE IT RESOLVED THAT the special tax necessary to be
collected on property within the District for fiscal year 1987-88 is set at
$3,400 per net useable acre on property within the District and that the special
tax shall be spread on the 46 parcels totaling 276.8 net useable acres as
follows:
Lot Number Net Useable Acres
Amount of Assessment
I 3.505 $ 11,917
2 3.210 10,914
3 15.007 51,024
4 6.339 21,553
5 2.133 7,252
6 1.731 5,885
7 1.856 6,310
8 2.435 8,279
9 1.930 6,562
10 0.697 2,370
11 0.644 2,190
12 0.527 1,792
13 0.521 1,771
14 0.579 1,969
15 0.860 2,924
16 0.643 2,186
17 0.444 1,510
18 0.426 1,448
19 0.558 1,897
20 0.623 2,118
Resolutlon No. 87..085
Page 2
Lot Number
Net Useable Acres
Amount of Assessment
21 0.667 2,268
22 7.241 24,619
23 3.104 10,554
24 3.141 10,679
25 2.461 8,367
26 3.945 13,413
27 3.670 12,478
28 1.379 4,689
29 1.141 3,879
30 1.084 3,686
31 1.064 3,618
32 1.558 5,297
33 1.753 5,960
34 3.300 11,220
35 3.222 10,955
36 3.140 10,676
37 2.914 9,908
38 3.126 10,628
39 3.602 12,247
40 5.532 18,809
41 6.359 21,621
42 4.175 14,195
43 3.184 10,826
44 2.681 9,115
45 2.547 8,660
46 156.142 530,883
TOTAL 276.800 $941,120
PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway,
California, at a regular meeting thereof this 7th day of July, 1987.
ATTEST:
Marjorie K. Wahlsten, City Clerk
STATE OF CALIFORNIA )
) $$o
COUNTY OF SAN DIEGO )
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify
that the foregoing Resolution, No. 8?-085 , was duly adopted by the City Council
at a meeting of said City Council held on the 7th day of July , 1987,
and that it was so adopted by the following vote:
AYES: EMERY, HIGGINSON, TARZY
NOES: NONE
ABSTAIN: NONE
ABSENT: BRANNON, KRUSE
Marjori~ )~. Wahlsten, City Clerk
City of~oway