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Res 93-029RESOLUTION NO. 93-029 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 88-1 OF THE CITY OF POWAY (PARKWAY BUSINESS CENTER) ORDERING JUDICIAL FORECLOSURE OF DELINQUENT SPECIAL TAXES PURSUANT TO THE MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982, AND ORDERING THAT THE TAX COLLECTOR BE CREDITED WITH THOSE SPECIAL TAXES WHEREAS, Community Facilities District No. 88-1 of the City of Poway (Parkway Business Center) ("CFD No. 88-1") has incurred bonded indebtedness and levied special taxes for the payment of bonds pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 (commencing with Section 53311) of Part i of Division 2 of Title 5 of the Government Code (the "Mello- Roos Act"); and WHEREAS, pursuant to the Mello-Roos Act, CFD No. 88-1 has duly and regularly levied and recorded the unpaid special taxes, which special taxes and each installment thereof and interest and penalties thereon constitute liens against the lots and parcels of land against which they are made, until the same are paid; and WHEREAS, certain special tax installments have not been paid when due, and certain installments of those special taxes may not be paid in the future; and WHEREAS, under the provisions of Section 53356.1 of the Government Code of the State of California, this City Council acting in its capacity as the legislative body of CFD No. 88-1 is authorized, not later than four (4) years after the due date of the last installment of principal, to order the same to be collected by an action brought in the superior court to foreclose the lien of those special taxes; and WHEREAS, pursuant to the provisions of Section 53356.1(b) of the Mello- Roos Act, CFD No. 88-1 is required by covenant with the bondholders to institute judicial foreclosure proceedings; and WHEREAS, the City Council acting in its capacity as the legislative body of CFD No. 88-1 has determined that the public convenience and necessity require prompt action, at the City Manager's discretion, to initiate foreclosure proceedings; and WHEREAS, under the provisions of Section 53356.2 of the Mello-Roos Act, when such foreclosure action is ordered, the county tax collector shall be credited upon the current tax roll with the amount charged on account of the delinquent special taxes to be sued on, including applicable penalties, interest and costs and to be relieved of further duty in regard thereto. Resolution No. 93-029 Page 2 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway acting in its capacity as the legislative body of Community Facilities District No. 88-1 of the City of Poway (Parkway Business Center) as follows: Section 1. In the event and at such time, if any, as the City Manager of the City of Poway determines that it is necessary and desirable to proceed with such foreclosure action, the delinquent special taxes listed on Exhibit A attached hereto and incorporated herein, and all future installments of those special taxes which are not paid when due, shall be collected by action brought in the Superior Court of San Diego County to foreclose the liens thereof. Section 2. Subject only to the City Manager's prior determination as set forth in Section 1 hereof, CFD No. 88-1 is hereby authorized and directed to retain Stradling, Yocca, Carlson & Rauth, a Professional Corporation, Newport Beach, California, as special legal counsel to institute such actions in the name of CFD No. 88-1 and the City of Poway to foreclose the liens of all such delinquent special taxes. Section 3. Subject only to the City Manager's prior determination as set forth in Section 1 hereof, the Director of Administrative Services of the City of Poway, in cooperation and in conjunction with special counsel, is authorized and directed to transmit a certified copy of this resolution to the Auditor/Controller's office of the County of San Diego with a letter that shall state that: a. The City Council has ordered that the delinquent special tax installments be collected by action brought in the Superior Court of San Diego County to foreclose the liens thereof: b. Pursuant to Government Code Section 53356.2, the San Diego County tax collector is to be credited upon the current tax roll with the amount charged on account of the delinquent special taxes to be sued on, including applicable penalties, interest and costs and to be relieved of further duty in regard thereto; and c. All inquiries regarding payment of the delinquent special taxes shall be forwarded to the City of Poway's special counsel, Stradling, Yocca, Carlson and Rauth, Newport Beach, California. Section 4. adoption. This resolution shall take effect immediately upon its Resolution No. 93-029 Page 3 PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway, California, at a regular meeting thereof this 9th day of February, 1993. Don Hi~gins6n, Ma~aq,~ ATTEST: Marjor~e'!. Wahlsten, City Clerk STATE OF CALIFORNIA ) ) COUNTY OF SAN DIEGO ) SS. I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 93- 029 was duly adopted by the City Council at a meeting of said City Council held on the 9th day of February, 1993, and that it was so adopted by the following vote: AYES: CAFAGNA, CALLERY, EMERY, SNESKO, HIGGINSON NOES: NONE ABSTAIN: NONE ABSENT: NONE Marjori/e I~\. Wahlsten, City Clerk City oi~PP~ay c:\wpfiles\foreclse.res It-z>- )MO