HomeMy WebLinkAbout1987-08-24 - Resolution No. 87-29L~
-29
RESpLUT l ON N0. 87
E BOARD Or DIRECTORS
7 .88
OF TH DISTRICT
RESOLUTION LINDA WATER YEAR 198
Or THE YORBA T rOR rtSCAL rTR1CT
Y A55E55MEt4VEt"►ENT D1~
NO A WATER 5TANDB tg-TR1CT 1tA~PR0SSESSMENTS
THE
1X1 YORBA LINDA WAT SUCH STAND~AX ROLL BY
Vq1TH1N ELECTING -To HA~ 1gg7`88
N0. 2 AND ON THE FtSCAI YEAR ORANGE
COLLECTED Cp~N-Ty OF
District completed an e ranch
Yorba Linda Water known as the Brya
AS, in 1978 the t certain lands then
E c ained voter authori Lao ent
WHER to the Distriand obt 1strict imp
"Lomas de Yorba Water
r the issuance of
(now Y orba No( 2), and or water
the establ~shme ~YLWD n Bonds tapa to serve
in General facilities
District 00°Q 2 storage Obligatio
$41,660and transmission
production, nd,
YLlwo I.D. Na. a
istrict issued and Somount, of
Water D the f ace a
in 1979 the Yarb oLi2 water Bonds in
WHERE AS „ A,. YLWD 1.0. N
,005,000; and, sold Series
Water District is hued'acee amount of
in 1984 the `torb ~Li2 Water Bonds in t.,e
WHEREAS \tLWD I.D. N
Opp 000; and, issued
$10, Linda Water District
987 the the ad'Jance
Yorba „ to provide for
1, 1 Bonds of outstanding
WHEREAS on February~87 Refunding a1 amount 15,
and sold 000 princip 11,9
ref u 000;
nding of $9,795 In the face amount of ~
goads
,979 Series a, '
and, to make principal
is obligated sources
Water District bonds from revenue
the Yorba Linda such
EREAS and interest payments an
WH and,
available to the Dist
inanti~ undev edpand
Na. 2 is preaom cammenc
Wp I.O. rnent has a f praperty,
Within fL
tivision (eve op
exclusive use series
WHEREAS the land
but residential subd• believes the Of said
of Directors interest o, t" e 3
rincipal and ,_ur~ar
the Board ay
rail, to p. ~r, Dui . t,Ie ta;; u
nue
pinases of development when compared to the taxes collected
3n the undeveloped portions of the improvement District;
and,
WHEREAS, to alleviate the potential for inequitable tax burdens on the
initial phases of development within YLIvVD I.C. P•lo. 2, the
California State Legislature enacted a statute adding Section
31032.10 to the California Water Code Chapter 231.1981
Statutes (AB 2097, Lewis) which authorized the Yorba Linda
Water District to fix water standby assessments up to
$250.00 per acre per year within YLWD I.D. No. 2; and,
WHEREAS, Subdivision (b) of said Water Code Section 31032.10 permits
the District to elect to have water standby assessments
collected on the tax roll in the same manner, by the same
persons, and at the same time as, and together with and not
separately from County Taxes; and,
WHEREAS, the District staff has submitted a written report to the
District Secretary and the Board of Directors recommending
that ad valorem water bond property taxes collected within
YLWD I.D. No. 2 be supplemented by the levy and collection of
a water standby assessment in order to raise sufficient
revenue to pay principal and interest on YLWD I.D. No. 2
Series "A" and Refunding Water Bonds, and,
WHEREAS, in accordance with the requirements of law, Yorba Linda
Water District has caused notice of the filing of said report
and of a time and place of hearing theron to be published in a
newspaper of general circulation, and caused said notice to
be mailed to the landowners within YLWD I. D. No. 2, and a
hearing has been held to hear and consider all objections and
protests to the report, and,
WHEREAS, Section 31032.10 of the California Water Code permits this
Board to adopt, revise, change, reduce or modify an
assessment or overrule any and all objections to the original
NOW, THEREFORE, BE IT RESOLVED that the Board of DilrectorS of 1--he
Yorba Linda Water District does hereby resolve, determine and order as
follows:
Section 1: The aforesaid Yorba Linda `water District
Improvement District No. 2 Report on 1987-88 Water Standby
Assessments is hereby approved and adopted.
Section 2: Yorba Linda Water District Improvement
District No. 2 1987-88 water standby assessments are hereby
fixed in the amounts and against the assessable parcels of land
shown in Exhibit "A" attached hereto and by this reference
incorporated herein.
Section 3: The water standby assessment fixed by Section
2 herein is necessary to raise funds for interest and/or
principal payments on bonds of YLWD I.D. No. 2 issued prior to
January 1, 1989.
Section 4: The Board of Directors of the Yorba Linda Water
District hereby finds that the assessments fixed herein
correspond to the benefits of YLWD I.D. No. 2 Series "A" and
Refunding Bonds received by the respective assessed parcels,
and that said assessments further correspond to the land uses
and the degree of availability or quantity of use of such water
to the affected lands.
Section 5: In accordance with subdivision (b) of Section
31032.10 of the California Water Code, the Board of directors
elects to have the County of Orange Auditor-Controller collect
the standby assessment fixed herein on the tax roll in the same
manner, by the same persons, and at the same time as, and
together with, and not separately from, County taxes.
SectioD 6: The General Manager or his designee is
authorized and directed to file with the County of Orange
Auditor-Controller a copy of this Resolution together with the
listing of parcel numbers and amounts of assessments shown in
Exhibit "A" and such other documentation as the County
Autitor-Controller may require in order to accomplish the
purposes of this Resolution.
PASSED AND ADOPTED this 24th day of August, 198,71 by the followirg
called vote:
AYES: Armstrong, Cromwell and Knauft
NOES: None
ABSENT: Fox
ABSTAIN: None
Cam'
President
Yorba Linda Water District
ATTEST:
:rict