Resolution 2006-77
RESOLUTION NO. 2006-77
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 18th day of December, 2006, by the following vote:
AYES:
COUNCILMEMBERS: ARELLANO, BRACCO, CORREA, GARTMAN,
VALIQUETTE, VELASCO, and PINHEIRO
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
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APPROVED:
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RESOLUTION NO. 2006-77
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SPECIAL TAX ANNUAL REPORTING
Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Local Agency
Special Tax and Bond Accountability Act. This Act requires that any local special tax or 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 any local special tax measure or
local bond measure adopted 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 of the Special Tax District and others
are handled through annual reports. This Section of 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 Improvement Fund for the following District:
Initial Amount
Date of Deposited To 6/30/2006 Expended Project
District Issuance Improvement Fund Balance Amount Status
CFD No. 2000-1 12/18/2002 $5,500,000.00 $276,636.56 $5,223,363.44 On-Going
(Highway 152)
I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Resolution No. 2006-77 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
18th day of December, 2006, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 22nd day of December, 2006.
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City Clerk of the City of Gilroy
(Seal)