HomeMy WebLinkAbout95-114 - Special Tax LienRESOLUTION NO. 95 -114
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH OF CHANGE DETERMINING THAT
ALTERATIONS TO THE RATE AND METHOD OF
APPORTIONMENT OF SPECIAL TAX ARE LAWFULLY
AUTHORIZED AND DIRECTING RECORDING OF
AMENDMENT TO NOTICE OF SPECIAL TAX LIEN
• WHEREAS, in proceedings heretofore conducted by the City Council pursuant to the City of
Newport Beach Special Improvement District Financing Code (the "Code "), the City Council, on
October 9, 1995, adopted a resolution entitled "A Resolution of the City Council of the City of
Newport Beach Calling Special Election Regarding Alterations to the Rate and Method of
Apportionment of Special Taxes for the City of Newport Beach Special Improvement District No.
95 -1 (CIOSA)" (the "Resolution Calling Election "), calling for a special election of the qualified
electors within the City of Newport Beach Special Improvement District No. 95 -1 (CIOSA) (the
"District ");
WHEREAS, pursuant to the terms of said Resolution, which are by this reference
incorporated herein, said special election was held on this date, and the City Clerk has on file a
Canvass and Statement of Results of Election Regarding Alteration of Rate and Method of
Apportionment, a copy of which is attached hereto as Exhibit A; and
WHEREAS, this City Council has reviewed and hereby approves said Canvass;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach
as follows:
Section 1. The issues presented at said special election were the alterations to the rate and
method of apportionment of the special tax to be levied within the District, as described in the
Resolution Calling Election.
Section 2. Pursuant to said Canvass on file with the City Clerk, the issues presented at said
special election were approved by the qualified electors of the District by more than two- thirds of
the votes cast at said special election.
Section 3. The City Council hereby determines that the alterations to the rate and method
of apportionment of the special tax to be levied within the District, as described in the Resolution
Calling Election, are lawfully authorized.
Section 4. The City Clerk is hereby directed to execute and cause to be recorded in the
office of the County Recorder of the County of Orange an amendment to the notice of special tax
lien recorded with respect to the District, in substantially the form attached hereto as Exhibit B,
said recording to occur no later than fifteen days following adoption by the City Council of this
Resolution.
Section 5. It is hereby found that all prior proceedings and actions taken by the City
Council with respect to the District were valid and in conformity with the Code.
Section 6. This Resolution shall take effect immediately upon its adoption.
APPROVED and ADOPTED by the City Council of the City of Newport Beach on October
9, 1995.
John W. Hedges, Mayor
ATTEST:
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Wanda E. Raggio, City ClerVa
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