Resolution 2004- 99
RESOLUTION NO. 2004-99
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY, CALIFORNIA, SUBMITTING A REPORT IN
COMPLIANCE WITH GOVERNMENT CODE SECTION
53411 FOR THE FOLLOWING DISTRICT:
COMMUNITY FACILITIES DISTRICT NO. 2000-1,
HIGHWAY 152, SPECIAL TAX BONDS, SERIES 2002
WHEREAS, Government Code Section 53410 requires that on or after January 1,2001,
any local bond measure that is subject to voter approval that would provide for the sale of bonds
by a local agency shall provide accountability measures; and
WHEREAS, Government Code Section 53411 requires the chief fiscal officer of the
issuing local agency to file a report with its governing body no later than January 1,2002, and at
least once a year thereafter.
NOW, THEREFORE BE IT RESOLVED, that the City of Gilroy submits the attached
report in compliance with the above mentioned Government Code Sections; and,
BE IT FURTHER RESOLVED, that the City Clerk shall retain a copy of the attached
report for review by the public upon request.
PASSED AND ADOPTED this 15th day of November, 2004, by the following vote:
AYES:
COUNCILMEMBERS: CORREA, DILLON, GARTMAN, MORALES,
VALIQUETTE, VELASCO, and PINHEIRO
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
~.
Rhonda Pellin, City Clerk
APPROVED:
~~
ert Pinheiro, Mayor
RESOLUTION NO. 2004-99
- 1 -
ATTACHMENT
58 165
Senate Bill 165 enacted the Local Agency Special Tax and Bond Accountability Act. This Act requires that any
local special tax/local bond measure subject to voter approval contain a statement indicating the specific
purposes of the special tax, require that the proceeds of the special tax be applied to those purposes, require the
creation of an account into which the proceeds shall be deposited, and require an annual report containing
specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after
January 1, 2001 in accordance with Section 53410 of the California Government Code.
Some of the requirements of the Act are handled at the formation (bond issuance) of the Special Tax District and
others are handled through annual reports. This Report intends to comply with Section 53411 of the California
Government Code that states:
"The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January
1, 2002, and at least once a year thereafter. The Annual report shall contain all of the following:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in subdivision (a) of
Section 53410."
The requirements of the Act apply to the ImprovemenVConstruction/Facilities Fund of the following District:
Initial Amount
Deposited To
Date Bonds Construction 8/31/04 Expended
District Issued Fund Balance Amount Project Status
CFD No. 12/18/2002 $5,500,000.00 $1,300,998.55 $4,199,001.45 Ongoing
2000-1 ..
11
I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Resolution No. 2004-99 is an original resolution, or true and correct copy of a city resolution,
duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the
15th day of November, 2004, at which meeting a quorum was present.
IN WIlNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 19th day of November, 2004.
J Q/
~ ..
'. ~
. . ,
/ i I""
~..~'
City. 1erk of the City of Gilroy
(Seal)