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HomeMy WebLinkAboutCC RES 2011-49RESOLUTION NO. 2011- 49 RESOLUTION OF THE CITY OF PALM DESERT, CALIFORNIA AUTHORIZING THE SUBMITTAL TO THE RIVERSIDE COUNTY AUDITOR OF TAX ROLL CORRECTIONS WITH RESPECT TO THE 2009-10 LEVY OF A SPECIAL TAX IN COMMUNITY FACILITES DISTRICT NO. 2005-1 (UNIVERSITY PARK) REGARDING CERTAIN PARCELS WHEREAS, the City Council of the City of Palm Desert (hereinafter referred to as the "Agency"), has initiated proceedings, held a public hearing, conducted an election and received a favorable vote from the qualified electors relating to the levy of a special tax in a Community Facilities District, as authorized pursuant to the terms and provisions of the "Community Facilities Act of 1982", being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California. Community Facilities District No. 2005-1 shall hereinafter be referred to as "District" and, WHEREAS, this City Council, by Ordinance as authorized by Section 53340 of the Government Code of the State of California, has authorized the levy of a special tax to pay for costs and expenses related to said District. WHEREAS, this City Council, has determined that due to administrative error of Willdan Financial Services, as special tax consultant (the "Special Tax Consultant"), in Fiscal Year 2009/2010 certain parcels of land within the District were underlevied while other parcels were overlevied. WHEREAS, the City Council desires to correct the errors in the Fiscal Year 2009/2010 special tax levy by submitting to the Auditor of the County of Riverside (the "County Auditor") corrections to the 2009/2010 tax roll, which will (a) charge the 2009/2010 deficiency with respect to each underlevied parcel on the Fiscal Year 2011/2012 tax bills and (b) result in the County Auditor's provision of notice to the respective assessees of the overlevied parcels of a refund, to be paid by the District to such assessees who timely submit their refund claims. Resolution No. 2011- 49 NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1. That the above recitals are true and correct. SECTION 2. In sufficient time for 2009/2010 tax roll corrections to be enrolled in the 2011/2012 special tax levy, the Special Tax Consultant is hereby directed and authorized to provide to the County Auditor the specific tax roll corrections to the 2009/2010 special tax levy in such format as required by the County Auditor (the "2009/2010 Corrections List"), provided that the total amount of each corrected 2009/2010 special tax levy, as adjusted by the 2009/2010 Corrections List, does not exceed the amount as previously authorized by Ordinance of this Council, is not in excess of that as previously approved by the qualified electors of the District, and is in conformity with the rate and amount of the 2009/2010 special tax levy previously approved by this City Council pursuant to Resolution No. 09-38 adopted on June 11, 2009, as set forth in the attached, referenced and incorporated Exhibit "A". SECTION 3. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected, and shall be subject to the same penalties, procedures and sale in case of any delinquency for ad valorem taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative costs incurred in collecting any said special tax. SECTION 4. Monies collected as a result of 2009/2010 tax roll corrections for underlevies shall be paid into the District funds. Subject to the pledge and lien of the Bond Indenture, dated as of May 1, 2006, by an between the District and Wells Fargo Bank, National Association, as Trustee, as amended and supplemented, the District shall use the monies collected as a result of 2009/2010 tax roll corrections for underlevied parcels to refund those parcels that were overlevied in fiscal year 2009/2010. Any differential between collected underlevied amounts and amounts for timely -filed refund claims shall be paid by the Special Tax Consultant pursuant to an agreement between the City and the Special Tax Consultant dated as of June 23, 2011. 2 Resolution No. 2011- 49 SECTION 5. Pursuant to Sections 4831 et seq. of the Revenue and Taxation Code, including without limitation Sections 4834 and 4836, the County Auditor is hereby directed to (a) enter the 2009/2010 roll corrections with respect to the 2009/2010 overlevied parcels, as identified on the 2009/2010 Corrections List provided by the Special Tax Consultant to correct for the portion of the special tax installment that was overlevied in that fiscal year, and (b) notify in writing the respective assessees of such overlevied parcels with respect to 2009/2010 of the requirements for obtaining a refund pursuant to the applicable provisions of the Revenue and Taxation Code, including but not limited to a statement that the assessee is entitled to a refund and that a claim for a refund shall be filed within 60 days of the notice. SECTION 6. Pursuant to Sections 4831 et seq. of the Revenue and Taxation Code, including without limitation Sections 4834 and 4836.5, the County Auditor is hereby directed to enter in the next County assessment roll on which taxes will become due, opposite each lot or parcel of land effected in a space marked "Correction to the 2009/10 Assessment Year for underlevy pursuant to Sections 4831 et seq. of the Revenue and Taxation Cod& or by any other suitable designation, the portion of the special tax installment that was underlevied in that fiscal year, as identified on the 2009/2010 Corrections List provided by the Special Tax Consultant. SECTION 7. The County Auditor shall then, at the close of the tax collection period, promptly render to this Agency a detailed report showing the amount and/or amounts of such special tax installments, interest, penalties and percentages so collected and from what property collected, and also provide a statement of any percentages retained for the expense of making any such collection. SECTION 8. The Finance Director of the City and the officers and staff or the City of Palm Desert and the District responsible for the fiscal affairs of the District are hereby authorized and directed to take any actions and execute and deliver any and all documents as are necessary to accomplish the 2009/2010 tax roll corrections, refunds 3 Resolution No. 2011- 49 for 2009/2010 overpayments, and collections of 2009/2010 underpayments in accordance with the provisions of this Resolution. PASSED, APPROVED AND ADOPTED by the City Council of the City of Palm Desert, California this 23rd day of June, 2011 by the following vote to wit: AYES: FINERTY, HARNIR, KROONEN, SPIEGEL, and BENSON NAYS: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: 1('-ok-/ JEAN M. BENSON, M OR APPROVED AS TO FORM: R= HELLE D7RCASSE 1, CITY CLERK DAVID J. IN CITY OF PALM DESERT, CALIFORNIA CITY ATTORNEY 4 Resolution No. 2011- 49 Exhibit "A" Community Facilities District No. 2005-1 (University Park) Approved Special Tax Rates Fiscal Year 2009/2010 (Per Resolution No. 09-38) Zones A — D : The following table summarizes the Maximum and the Proposed Special Tax Rates relating to each land use class. LAND USE CLASS Developed Property Zone A Zone B Zone C Zone D Undeveloped & Provisional Zone A Zone B Zone C Zone D "The Proposed Special Tax Rates t described above. SPECIAL TAX RATE MULTIPLIER Per Acre Per Acre Per Acre Per Acre Undeveloped Property Per Acre Per Acre Per Acre Per Acre o be Levied for Fiscal Year 2009 MAXIMUM SPECIAL TAX RATE PROPOSED SPECIAL TAX RATE(1) $21,000 $21,000 $27,000 $27,000 $27,000 $27,000 $23,000 $23,000 /201 Zone E: The following table summarizes the Maximum and the Proposed Special Tax Rates relating to each land use class. LAND USE CLASS Single Family Property Single Family Property Single Family Property Multifamily Property SPECIAL TAX RATE MULTIPLIER RESIDENTIAL FLOOR AREA (SQ FT) Greater than 2,300 2,300 to 1,725 Less than 1,725 N/A Non Residential Property Per Acre N/A 1 $28,000 Undeveloped Property Per Acre N/A $28,000 "The Proposed Special Tax Rates to be Levied for Fiscal Year 2009/2010 will not exceed the Maximum Special Tax Rates described above. MAXIMUM PROPOSED SPECIAL SPECIAL TAX RATE TAX RATE(1) $1.44 $1.44 Per square foot of Residential Floor Area Per square foot of Residential Floor Area Per square foot of Residential Floor Area Per square foot of Residential Floor Area $1.67 $1.38 $1.50 $1.67 $1.38 $1.50 $28,000 $28,000 A-1