Res 88-073RESOLUTION NO. 88- 073
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 1988-89
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 1988-89 is set at
$9,367.72 per net useable acre on property within the District and that the spe-
cial tax shall be spread on the 46 parcels totaling 276.8 net useable acres as
follows:
Lot Number Net Useable Acres Amount of Assessment
1 3.505
2 3.210
3 15.007
4 6.339
5 2.133
6 1.731
7 1.856
8 2.435
9 1.930
10 0.697
11 0.644
12 0.527
13 0.521
14 0.579
15 0.860
16 0.643
17 0.444
18 0.426
19 0.558
20 0.623
32,
30,
140,
59,
19,
16,
17,
22,
18,
833.86
070.38
581.38
381.96
981.34
215.52
386.48
810.40
079.70
6,529.30
6,032.82
4,936.78
4,880.58
5,423.90
8,056.24
6,023.44
4,159.28
3,990.62
5,227.18
5,836.10
Resolution No. 88-073
Page 2
Lot Number
Net Useable Acres
21 0.667
22 7.241
23 3.104
24 3.141
25 2.461
26 3.945
27 3.670
28 1.379
29 1.141
30 1.084
31 1.064
32 1.558
33 1.753
34 3.3D0
35 3.222
36 3.140
37 2.914
38 3.126
39 3.602
40 5.532
41 6.359
42 4.175
43 3.184
44 2.681
45 2.547
46 156.142
TOTAL 276.800
PASSED, ADOPTED AND APPROVED
California, at a regular meeting
ATTEST:
Amount of Assessment
6,248.26
67831.66
29077.40
29424.00
23 053.96
36 955.64
34 379.54
12 918.08
10 688.58
10 154.62
g 967.24
14 594.92
16 421.60
30 913.48
30 182.78
29 414.64
27 297.54
29283.48
33742.54
51822.22
59569.34
39.110.22
29.826.82
25.114.86
23.859.58
1,462 697.24
2,592,987.50
, by the City Council of the City of Poway,
thereof this 12th day of July, 1988.
er C. Emery, Mayor ~
ahlsten, City Clerk
Resolution No. 88-0 73
Page 3
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify
that the foregoing Resolution #88-073was duly adopted by the City Council at a
meeting of said City Council held on the 12th day of July, 1988, and that it was
so adopted by the following vote:
AYES: BRANNON, HIGGINSON, KRUSE, EMERY
NOES: NONE
ABSTAIN: NONE
ABSENT: TARZY
Marjoriel~. Wahlsten, City Clerk
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