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RESOLUTION NO. 04-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA TO INCUR BONDED
INDEBTEDNESS OF THE PROPOSED CITY OF TUSTIN
COMMUNITY FACILITIES DISTRICT NO. 04-1 (TUSTIN
LEGACY/JOHN LAING HOMES)
WHEREAS, the City Council (the "City Council") of the City of Tustin (the "City")
has this date adopted its Resolution entitled "A Resolution of the City Council of the City
of Tustin of Intention to Establish a Community Facilities District and to Authorize the
Levy of Special Taxes", stating its intention to establish the City of Tustin Community
Facilities District No. 04-1 (Tustin Legacy/John Laing Homes) (the "Community Facilities
District") pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act") for the
purpose of financing certain public facilities (the "Facilities") and services, as further
provided in said Resolution; and
WHEREAS, in order to finance the Facilities it is necessary to incur bonded
indebtedness in the amount of up to $15,000,000;
NOW, THEREFORE, be it resolved by the City Council of the City of Tustin as
follows:
The City Council hereby declares that in order to finance the Facilities, it is
necessary to incur bonded indebtedness.
The purpose for which the proposed debt is to be incurred is to provide the funds
necessary to pay the costs of the Facilities, including construction costs and all costs
incidental to, or connected with, the accomplishment of said purpose and of the
financing thereof, as permitted by Section 53345.3 of the Act.
The maximum amount of the proposed debt is $15,000,000.
The City Council hereby fixes Monday, July 19, 2004, at 7:00 p.m., or as soon
thereafter as the City Council may reach the matter, at 300 Centennial Way, Tustin,
California, as the time and place when and where the City Council will conduct a public
hearing on the proposed debt issue.
The City Clerk of the City is hereby directed to publish, or cause to be published,
a notice of said public hearing one time in a newspaper of general circulation published
in the area of the Community Facilities District. The publication of said notice shall be
completed at least seven days prior to the date herein set for said public hearing. Said
notice shall contain the information prescribed by Section 53346 of the Act.
The officers, employees and agents of the City are hereby authorized and
Resolution No. 04-54
Page 1012
directed to take all actions and do all things which they, or any of them, may deem
necessary or desirable to accomplish the purposes of this Resolution and not
inconsistent with the provisions hereof.
This Resolution shall take effect immediately upon its adoption.
APPROVED and ADOPTED by the City Council of the City of Tustin on June 7,
2004.
1:v~
Mayor
ATTEST:
~~~~
City Clerk
STATE OF CALIFORNIA)
COUNTY OF ORANGE) SS
CITY OF TUSTIN)
I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council
of the City of Tustin is five; that the above and foregoing Resolution No. 04-54 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the ih day
of June, 2004 by the following vote:
COUNCILMEMBER AYES: KAWASHIMA, BONE, DAVERT, HAGEN, THOMAS
COUNCILMEMBER NOES: NONE
COUNCILMEMBER ABSTAINED: NONE
COUNCILMEMBER ABSENT: NONE
(5 )
(0)
10)
(0)
lâfnQh~
P MELA STOK ,
City Clerk
RE>solution No. 04-54
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