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Home My WebLink AboutCC RES 91-116 RESOLUTION N0. 91-116 RESOLUTION OF THE C[ TY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA . ACCEPTING A PROPERTY OWNER PET [ TION , INITIATING PROCEEDINGS , DESIGNATING PARTIES , APPROV[NG AN AGREEMENT REGARDING ADVANCES AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS IN CONNECTION WITH THE PROPOSED FORMATION OF THE CITY OF PALM DESERT COMMUNITY FACILITIES OISTRICT N0. 1 ( INDIAN RIDGE PUBLIC IMPROVEMENTS) PURSUANT TO THE PROVISiONS OF THE ME�LO-ROOS COMMUNITY FACILITIES DISTRICT ACT OF 1982 WHEREAS, Sunrise Desert Partners . a Celifornla partnership (the "Developer") , has submitted to this City Councii the form of a petition requesting the initiatton of proceedings with respect to the formation of the City of Palm Desert Community Facilities District No . 1 ( Indian Ridge Public Improvements ) ( the " Otstrict " ) pursuant to the provisions of the Mello-Roos Community Facilities District Act of 1982 (California Government Code Section 53311 et seg. ) (the "Act" ) ; and WHEREAS, there has been presented to this C1ty Councfl the form of an agreement regarding advances pursuant to Nhich costs with respect to the formetion of the Oistrict and the issuance of spectal tax bonds (the "Agreement Regarding Advances" ) ; NOW, THEREFORE . the City Council of the City of Palm Desert does hereby resolve and o�de� as follows : Section 1 . The City Council hereby accepts the petition of the Developer and determines that said petition meets the requirements of the Act . Section 2 . The City Councii hereby initiates the proceedings for the proposed formation of the District , and the map attached to the Developer petition as Exhibit A showing generaliy the boundartes of the property proposed to be included within the boundaries of the proposed District is hereby approved and adopted by this Ctty Council . Section 3 . 6est , Best 8 Krieger is hereby designated as counsei f or the Dlstrict; Nossaman. Guthner, Knox 3 Elliott is hereby appolnted to act as bond counsel to the District 1n accordance r+ith their letter proposal previousiy submitted to the City ; a�d Stone a Youngberg is hereby appointed as the underwriter 1n connection With the issua�ce of the proposed Mello-Roos special tax bonds in accordance with thei � letter proposal presented to the City for the purpose of issuing speclal tax bonds secured by speciel taxes levied on properties within the proposed Dtstrict . The Cfty Manager, or his designee, 1s RESOLUTION N0. 91- 116 hereby autho� ized and directed to retain the services of a speciat tax consultant, appraiser , prtnter , fiscal agent/trustee and any and ail other professional firms necessary and appropriate in connection with the proposed formation of the Oistrict and the issuance and sale of special tax bonds . Section 4 . The City Manager , his designee , end the professionai firms appointed hereunder and pursuant to the authoriiatlon contained herein are hereby authortaed and dlrected to take any and a 1 1 act 1on necessary and appropriate in connection with the proposed formation of the District and the issuance of speciai tax bonds. Section 5 . The form of Agreement Regarding Advances is hereby approved . The City Maneger and Ctty Clerk are hereby authorized and directed to execute the Agreement Regarding Advances tn substantially the form presented to thfs City Council , with such cha�ges. deletlons , modificatlons or additlons as approved by the City Manage�. Section 6 . This resoiution shall take effect immediately upon its adoption. PASSED, APPROVED AND AOOPTED by the City Councii of the City of Palm Desert this 24th day of October , 1991 , by the following vote : AYES : BENSON. CRITES. KELLY , WI�SON NOES: NONE ABSENT: SNYOER ABSTAIN : NONE � Mayor EST: Sheila R. Gil gen. C Clerk � n��ULUTION �0. 41- 116 EXHIBIT "A" PETITION (INCLQDING AAIVBR) REG1�lRDII�IG PROCEEDINGS IIHDBR T� l�ELI.O-ROOS COl�i[TNITY FllCILITIES ACT OF 2982 To the City Council of the City of Palm Desert c/o Cfty Clerk City Hall 73-510 Fred Warinq Drive Palm Desert, Celifornia 92250 Re: City of Palm Oesert Community Facilities District No. 1 (_Indian Ridqe PLb�ic Improvementsl Councilmemberss The undersiqned is the owner of certain real property in the City of Palm Desert identified in the map attached hereto as Exhibit a, and pursuant to California Government Code Section 53319 hereby requeats that you institute proceedinqa to establish a communfty facilities district pursuant to the Mello-Roos Community Facilities act of 1982, and hereby respectfully petitions and represents as follovrs: 1. We request that certain property owned by us in the City of Palm Desert be included within the City of Palm Desert Community Facilities District No. 1 (Indian Ridqe Public Improvements) (the ~District") and that you take all ateps neces�ary to complete the formation of the Dietrict and to levy a special tax therein for the purpose of financinq certain public improvements qenerally described in Exhibit 8 attached hereto, all a8 to be more particularly specified in the proceedinqs for the creation of the District and the levy of said special tax. Z . It being our intention to. proceed as quickly as possible with the fonnation of the District, the levy of said special tax and the issuance of one or more series of special tax bonds, and it beinq further understood that, there beinq fewer that twelve reqistered voters residinq within the District, the undersiqned beinq the only expected qualified elector of the District, �e wafve all otherwise applicable times for and notices of the conduct by you of the election to order the levy of the apecial taa, to establish an .....�:JLULLUN �zo. �i-li6 EYHI3IT "A" appropriations limit for the District, and to authorize the issuance of said special tax bonds of the District, and any analysis and/or arqument with respect to said election. 3. In furtherance of said waiver, Me aqree that said election may be conducted by mailed or hand-delivered ballot to be returned as quickly as possible to the office of the City Clerk of the City of Palm Desert and that the results of said election be canvassed and reported to you as soon as possible. Respectfully submitted as of this 1st day of October, 1991, by: � Leqal Name of Owner of Fee Title to Land: SUNRISE DESERT PARTNERS 8y: Sunris�`Corporation, as General Partner By: � �� -, Phillip K. mith, Jr. Its: �ecutive Vice President addreas of Owners c/o Sunrise Corporation �� 42-600 Cook Street, Suite 200 palm Degert, California 92260 Riverside County J�esessor' s Parcel Numbers of Land Owned by Orrner Within Proposed District: l�ssessor's Parcel' s No. ts) s 632-020-007-8 632-020-008-9 _p2p-014-0 3 -020-016-6 632-020-OQ6-7 b32-020-013-3 632-020-009-0 2 ut/s��:�s9 � � � �� - -\ r-- - - —� i — - , � �� , ��ii�„�i��iT�;,��„�,��.��.:i►i,�;c�i,,u,�,,;��i�;�,�niasl�,,,��u,�,,i��;;�� ,1� f/��;� � �� 1 ��'�:.�• _ _ v�.,(�►i,11. �: ;� �� ,:;r, ��E Z �� :'' I �• � i_ �� -� � C -l�'�� _:;� � t�� .�_�� ., � ,,� �,� �. _ :,, _:, ,✓ � ��t�� }'+� '► V� � �i��.��'��'�I,�� l�l��N;��!�►�1�R�'o� ��l�'�n'«� ��L// � .:�: :..! � � ., 'Y!1 ., ,,<< ��r,!�!:"''��,,,, `'"_' c, �•: ��t �l -=. =`i;� •<<ti:thS,t► , � , '�cn- � l!//"I..,_ �• c:t`1,1i��i�• � � t•1,,Ltti..L� Z,t�'.t�iti�L. .,i.E,Z , �� ►i. 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L• �ti�' � .\� � � `�•�=��I�,L,1:��L,j:��Z,1:�.t�ti�LlZ�t,�;;,Z�t,�,L�:�ti�1�,;3�j�t��lJ `�,� ' ,��i - I!� �r�l/i1S��L�/r� .�� '� .--, �'-- - �J � � :!!� +�,` � f� � � r.�,��'�•_- � A +..;� ►f ` � ��` `��.!� '� :.�;' �i/(N!!!�r!lNR�N��l.Iltl!!,��l4!l.��q�f�+I�N!��i��►l�l��.��u��ilp!'!n�.�►�1��-�1� ��f��'1��'rt�,t,�t:�1''1t,t�r�1;r�1J. _ .-------- — -- - - —=_--_�,�.�c��, - - --- J .: . f INOr' 'tIDGE �OUNTRY CLUB SH IRREZMB9 ME.Ll� JOS BOND FZNIINCING 10/08/91 lOfB/yi 03:24 PM COSTS COVERED BY MELLO ROOS BOND FINANCING -------------------------------------------------------------------------- DESCRIPTZON AMOUNT TOTAL ------------------------------------------------ ----------- ----------- OFFSZTES PERMITS/BONDS/FEES—SPECIFIC TO UNITS WATER FEE—RE5IDENTIAL UNITS $3,045,000 LESS CREDSTS FOR UPSIZED PIPE (93,240) LESS CREDITS FOR DOIiESTIC WELIS (1,800,000) SEWER GPIICZTY FEE—RESIDENTIAL UNITS 2,494,000 SCHOOL FEES—RESIDE2iTZl1L UNITS 5,249,490 T[JMl� P'EL�S—RESZDENTUL UNIT3 733,700 P11R1C FLES—RE9IDENTIIIL UNITS 1,145,S00 FIRE FEES—RESIDENTIl1L UNIT3 145,000 S.M.I.P. FEES—RESZDENTIIIL UNITS 20,300 TOTAL PERMZTS/HONDS/FEES—SPECZFZC TO VNITS 10,939,750 $10,939,750 PERMITS/BONDS/Y'EES—I�10T SPECIFIC TO UNITS FRINGE—TOED LIZ]►I2D FEE 384,000 DR1�IN11GE FEE • 3,3 21,600 SZGN1►LIZATION FEE3 134,618 NON—RESZDENTIIIL BUILDINGS—(W71TER/SEWERJTLTMF) 337,972 NON—RESIDENTIAL HUILDINGS—(SCHOOL FEES) 23,189 ART ZN PUBLIC PIJICE3 FEE 50,000 TOTAL PERIiITS/BONDS/FEES—NOT SPECZFIC.TO UNITS 4,Z51,339 4,251,339 STREET3 i I�DI11N3 STREET CONSTRUCTZON COUIiTRY Cl�JB DRIVE 379,450 11VgNUE 3Z 241,666 EL DOR11D0 DRIVE 383,407 OASIS CUTB DRIVE 171,970 , TOTJ►L STREET CONSTRUCTION 1,176,493 MEDIl1Ii CONSTRQCTICN ' AVENUE 4Z 209,7Z1 EL DORADO DRIVE 378,364 TOT11L I�lEDI]►N CONSTRUCTION 588,O85 TOTJIL STREET3 i MEDIANS 1,764,578 1,764,578 D01�3TIC fPELL CONSTRUCTION (FOUR) 1,800,000 WATER SYSTElt INSTIILIATION UPSZZE PIPE REQUIREMENTS FROM 18" TO 24" 93,240 RECI.AZIdED W]1TER SYSTEM 4,700,000 ��y pggg=�g 23,548,907 ENTRY P11R1CW11Y CONSTRUCrION COUNTRY CLUB DRIVE—SOUTH SIDE 494,868 AVENUE 42—NORTH SZDE 302,030 EL DOR11D0 DRIVE—E�ST SIDE 121,050 011SIS CWS DRZVE—WEST SIDE 156,816 TOTAL PARKWAY CONSTRUCTION 1,Z74,764 1,274,76< TOT71L I�I.IA ROOS IMPROVEMENTS 524,823,671 �a�aasss�sas EXHIBIT B