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Auditor-Controller, on behalf of the Assessment and Community Facilities District Bond Screening Committee, recommending the Board approve Final Passage (Second Reading) of Ordinance 5028 levying a special tax and the authorization to issue bonds in an amount not exceed $40 million as set forth in Resolution 155-2015 for Community Facilities District 2015-01 (East Ridge). (Cont. 10/20/15, Item 20)
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DEPARTMENT RECOMMENDATION
At their meeting of October 20, 2015 (Item 20) the Board approved Ordinance 5028 and set a public hearing for Final Passage (Second Reading) on November 10, 2015.
Auditor-Controller, on behalf of the Assessment and Community Facilities District Bond Screening Committee, recommending the Board hold a public hearing on the establishment of Community Facilities District 2015-01 (East Ridge) regarding the Valley View Specific Plan Development Agreement and the formation of the Community Facilities District and adopt the following resolutions that are on file in the Board Clerkâs Office and take any other actions that are necessary in completing the formation process for El Dorado County Community Facilities District No. 2015-1 (East Ridge) as set forth in Resolution 155-2015: (Cont. 9/15/15, Item 2) (Est. Time: 5 Min.)
1. Resolution of Formation of Community Facilities District, to which are attached two exhibits as follows.
a) Exhibit A - List of Facilities
b) Exhibit B - Rate and Method of Apportionment
2. Resolution of Necessity to Incur Bonded Indebtedness;
3. Resolution Calling Special Landowner Election, to which is attached a form of the Ballot;
4. Resolution Declaring Results of Special Landowner Election and Directing Recording of Notice of Special Tax Lien, to which is a form for the Board Clerk's use in canvassing the election results;
5. Ordinance
DISCUSSION / BACKGROUND
On September 15, 2015, the Board adopted Resolution 155-2015, a Resolution of Intention setting forth the intention to establish Community Faci...
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