HomeMy WebLinkAboutSR - Special Tx in CFD 2005-1 (University Park) FY 07-08CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: APPROVAL OF RESOLUTION NO.o7-48 AUTHORIZING THE
LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 2005-1 (UNIVERSITY PARK) FOR FISCAL YEAR
2007/2008
DATE: JUNE 28, 2007
CONTENTS: RESOLUTION NO. 07-48
EXHIBIT A
Recommendation:
By Minute Motion, that Council approve Resolution No.07-48 authorizing
the levy of a special tax in Community Facilities District No. 2005-1
(University Park) for Fiscal Year 2007/2008.
Background:
A Community Facilities District known as University Park was recently established as
No. 2005-1. Staff requests that Council authorize the levy of a special tax to pay for
costs and expenses related to the Community Facilities District. The specific rate of the
special tax for the next fiscal year is attached to the Resolution as Exhibit A.
Approval of the resolution will allow the County Auditor to collect taxes as they b cwrr e
due. A report will be provided at the close of the tax collection period indic4ti g tt-e
amounts collected. Therefore, staff requests that Resolution No. 07-48 be appr
Submitted by:
Paul S. Gibson,
Director of Finance/City Treasurer
Approval:
Carlos L.
City Mana
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