HomeMy WebLinkAboutReso 137-24 Item 6.1 Declaring Results of Special Election and Directing Recording of Notice of SpecDocusign Envelope ID: 65641 EF4-8A37-4E9A-9F74-856A54D024CB
RESOLUTION NO. 137 — 24
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
DECLARING RESULTS OF SPECIAL ELECTION AND DIRECTING RECORDING OF
NOTICE OF SPECIAL TAX LIEN FOR CITY OF DUBLIN COMMUNITY FACILITIES
DISTRICT NO. 2024-1 (DUBLIN CENTRE)
WHEREAS, the City Council (the "City Council") of the City of Dublin (the "City")
has adopted a resolution entitled "Forming City of Dublin Community Facilities District No.
2024-1 (Dublin Centre)" (the "Resolution of Formation"), ordering the formation of the City
of Dublin Community Facilities District No. 2024-1 (Dublin Centre) (the "CFD") authorizing
the levy of special taxes on property within the CFD and preliminarily establishing an
appropriations limit for the CFD, all pursuant to the Mello -Roos Community Facilities Act
of 1982, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of
the California Government Code (the "Act"); and
WHEREAS, this City Council has also adopted a resolution entitled "Determining
Necessity to Incur Bonded Indebtedness for City of Dublin Community Facilities District
No. 2024-1 (Dublin Centre)" (the "Resolution of Necessity"), determining the necessity to
incur bonded indebtedness in the maximum aggregate principal amount of $55,000,000,
excluding bonds described in Section 53364.2(e) of the Act, upon the security of the
special tax to be levied within the CFD for facilities and bonds pursuant to the Act; and
WHEREAS, under the provisions of the Resolution of Formation and the
Resolution Necessity and pursuant to "Calling Special Election for City of Dublin
Community Facilities District No. 2024-1 (Dublin Centre)" (the "Election Resolution")
heretofore adopted by this City Council the propositions of the levy of the special tax, the
establishment of the appropriations limit and the incurring of the bonded indebtedness
were submitted to the qualified electors of the CFD as required by the provisions of the
Act; and
WHEREAS, pursuant to the terms of the Election Resolution, which are by this
reference incorporated herein, the special election has been held and the City Clerk has
on file a Canvass and Statement of Results of Election (the "Canvass"), a copy of which
is attached hereto as Exhibit A; and
WHEREAS, this City Council has reviewed the Canvass, finds it appropriate and
wishes to complete its proceedings for the CFD.
NOW, THEREFORE, BE IT RESOLVED THAT the City Council of the City of
Dublin hereby finds, determines and resolves as follows:
1. Recitals. The foregoing recitals are all true and correct.
Reso. No. 137-24, Item 6.1, Adopted 11/19/2024 Page 1 of 4
Docusign Envelope ID: 65641 EF4-8A37-4E9A-9F74-856A54D024CB
2. Issues Presented. The issues presented at the special election were the
levy of special taxes within the CFD, the incurring of a bonded indebtedness in the
maximum aggregate principal amount of $55,000,000, excluding bonds described in
Section 53364.2(e) of the Act, and the approval of an initial annual appropriations limit of
not to exceed $55,000,000, subject to increase in accordance with law, and levying a
special tax, subject to increase in accordance with a rate and method of apportionment,
all pursuant to the Resolution of Formation and the Resolution of Necessity.
3. Canvass and Issues Approved. The Council hereby approves the
Canvass and finds that it shall be a permanent part of the record of its proceedings for
the CFD. Pursuant to the Canvass, the issues presented at the special election were
approved by the qualified electors of the CFD by more than two-thirds (2/3) of the votes
cast at the special election.
4. Proceedings Approved. Pursuant to the voter approval, the CFD is
hereby declared to be fully formed with the authority to levy the special taxes, to incur the
approved bonded indebtedness and to have the established appropriations limit, all as
heretofore provided in these proceedings and in the Act. It is hereby found that all prior
proceedings and actions taken by this City Council with respect to the CFD were valid
and in conformity with the Act.
5. Notice of Tax Lien. The City Clerk is hereby directed to complete, execute
and cause to be recorded in the office of the County Recorder of the County of Alameda
a notice of special tax lien in the form required by the Act, such recording to occur no later
than fifteen (15) days following adoption by the Council of this Resolution.
6. Effective Date. This Resolution shall take effect upon its adoption.
{Signatures on the following page}
Reso. No. 137-24, Item 6.1, Adopted 11/19/2024 Page 2 of 4
Docusign Envelope ID: 65641 EF4-8A37-4E9A-9F74-856A54D024CB
PASSED, APPROVED, AND ADOPTED this 19th day of November 2024, by the
following vote:
AYES: Councilmembers Hu, Josey, Thalblum and Mayor McCorriston
NOES: Councilmember Qaadri
ABSENT:
ABSTAIN:
p—Signed by:
I Gu a� t hdavristatA,
Uba t9LL c, utsAU4b 1...
Mayor
ATTEST:
City Clerk
—DocuSigned by:
=b/Vb IJUZZr4u/-L
Reso. No. 137-24, Item 6.1, Adopted 11/19/2024 Page 3 of 4
Docusign Envelope ID: 65641 EF4-8A37-4E9A-9F74-856A54D024CB
EXHIBIT A
CANVASS AND STATEMENT OF RESULT OF ELECTION
CITY OF DUBLIN
COMMUNITY FACILITIES DISTRICT NO. 2024-1
(DUBLIN CENTRE)
Special Tax Election, November 19, 2024
I hereby certify that on November 19, 2024, I canvassed the returns of the election
held on November 19, 2024, in the City of Dublin Community Facilities District No. 2024-
1 (Dublin Centre) and the total number of ballots cast in said election and the total number
of votes cast for and against the measure are as follows and the totals as shown for and
against the measure are full, true and correct:
Qualified
Landowner
Votes
Votes
Cast
No. of
Votes
Yes
No. of
Votes
No
55
55
55
0
BALLOT MEASURE: Shall the measure pursuant to which (i) the City of Dublin shall
incur an indebtedness and issue bonds in the maximum aggregate principal amount of not
to exceed $55,000,000, excluding bonds described in Section 53364.2(e) of the Act, with
interest at a rate or rates not to exceed the maximum interest rate permitted by law at the
time of sale of such bonds on behalf of the City of Dublin Community Facilities District No.
2024-1 (Dublin Centre) (the "CFD"), the proceeds of which bonds will be used to acquire
and/or construct certain facilities and the costs of issuing the bonds and related expenses
as set forth in the list of authorized facilities and services for the CFD attached hereto;
(ii) special taxes levied upon lands within the CFD at rates of $3,099 to $8,566/residential
unit (with other property taxed at other rates), subject to annual escalation, through Fiscal
Year 2064-65, raising $2,813,087 in Fiscal Year 2024-25 (assuming full build -out of the
CFD), to pay for the principal and interest upon such bonds, to pay the costs of the City in
administering the CFD to pay for the principal and interest upon such bonds, to pay the
costs of the City in administering the CFD, and to pay for the costs of acquiring and/or
constructing certain facilities and paying for certain services in accordance with the rate
and method of apportionment of special taxes for the CFD attached hereto; and (iii) the
initial annual appropriations limit of the CFD shall initially be established in the amount of
$55,000,000, subject to escalation, be adopted?
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 19th day of
November, 2024.
r_DocuSigned by:
By: VUlOWAAL-�51 —
et5(U61 u«rµutity Clerk
EXHIBIT A