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HomeMy WebLinkAbout10-07 TPFA Resolution RESOLUTION NO. TPFA 10 -07 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY DECLARING ITS INTENTION TO REMOVE CERTAIN DELINQUENT SPECIAL TAXES FROM THE COUNTY TAX ROLL AND ORDERING JUDCIAL FORECLOSURE PROCEEDINGS AGAINST DELINQUENT PROPERTY WITHIN COMMUNITY FACILITIES DISTRICT 03 -02 (RORIPAUGH RANCH) THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY (HEREAFTER REFERRED TO AS THE "AUTHORITY ") DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Authority has by previous Resolutions formed the Community Facilities District No. _03 -02 (Roripaugh Ranch) (hereafter referred to as the "District "), and authorized the levy of a Special Tax in the District for Fiscal Year 2009/10, pursuant to the terms of the Mello Roos Community Facilities Disrtfict Act of 1982, as amended (hereafter referred to as the "Act ") that provides for the levy and collection of special taxes by the County of Riverside for the City of Temecula to pay the maintenance and services of all improvements and facilities related thereto. Section 2. The Authority enacted Ordinance No. TPFA 05 -01 in accordance with Government Code Section 53340 authorizing the levy of the Special Tax on property located within the District. Section 3. Pursuant to Section 53356.1 of the Act, in the event of any delinquency in the payment of the Special Tax, the District may order the institution of a Superior Court Action to foreclose the lien therefore within specified time limits. Section 4. There exists delinquent installments due by property owners of assessor parcel numbers 964- 180 - 004 -6, 964- 180 - 005 -7, 964- 180 - 017 -8, 964- 180 -018- 9, 964- 180 - 019 -0, 964- 180 - 020 -0, 964- 180 - 022 -2, 964- 180 - 023 -3, 964- 180 - 024 -4, 964- 180- 025 -5, 964- 180 - 026 -6, 964- 180 -027 -7 located within the District. Section 5. The Authority hereby declares that it is its intention to order judicial foreclosure proceedings against assessor parcel numbers 964- 180 - 004 -6, 964 -180- 005-7, 964- 180 - 017 -8, 964- 180 - 018 -9, 964- 180 - 019 -0, 964- 180 - 020 -0, 964- 180 - 022 -2, 964- 180 - 023 -3, 964- 180 - 024-4, 964- 180 - 025 -5, 964- 180 - 026 -6, 964- 180 -027 -7 within the District and cause Notice of Intent to remove delinquent Special Tax installments from the County Tax Roll pursuant to Section 53356.2 of the Act. Section 6. The Authority Secretary shall certify adoption of the Resolution. R:/TPFA Resos 2010/TPFA 10 -07 1 PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula Public Financing Authority this 27th day of July, 2010. / Jeff Comerchero, Chairperson ATTEST: Susan W Jone , MMC City Cler Board ecret ry [SEAL] R:rrPFA Resos 2010rrPFA 10 -07 2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Temecula Public Financing Authority, do hereby certify that the foregoing Resolution No. TPFA 10 -07 was duly and regularly adopted by the Board of Directors of the Temecula Public Financing Authority at a meeting thereof held on the 27th day of July, 2010, by the following vote: AYES: 5 BOARD MEMBERS: Edwards, Naggar, Roberts, Washington, Comerchero NOES: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None Susan . Jones, MMC ty Clerk/ oard Secretary R:/TPFA Resos 2010lTPFA 10 -07 3