RESOLUTION NO. 2025-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST), CERTIFYING THE RESULTS OF THE AUGUST 26, 2025, SPECIAL ELECTIONS
Whereas, the City Council (the “Council”) of City of Lake Elsinore (the “City”), acting as the legislative body of Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (“CFD No. 2021-1” or the “District”) called and duly held elections on August 26, 2025, within the boundaries of Improvement Area No. 1 of the District (“Improvement Area No. 1”) and within the boundaries of Improvement Area No. 2 of the District (“Improvement Area No. 2”) pursuant to Resolution No. 2025-51 for the purpose of presenting to the qualified electors within Improvement Area No. 1, Propositions A and B attached hereto as Exhibit “A,” and within Improvement Area No. 2, Propositions A and B attached hereto as Exhibit “B”; and, Whereas, there has been presented to the Council a certificate of the City Clerk canvassing the results of the elections, a copy of which is attached hereto as Exhibit “C”;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1
OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST), DOES HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1. Each of the above recitals is true and correct and is adopted by the legislative body of the District.
Section 2. Propositions A and B presented to the qualified electors of Improvement Area No. 1 on August 26, 2025, as set forth in Exhibit “A” hereto, were approved by more than two-thirds of the votes cast at said election held for Improvement Area No. 1, and Propositions A and B each have carried. The Council is hereby authorized to levy on the land within Improvement Area No. 1 the special tax described in Proposition A as set forth in Exhibit “A” hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition A as set forth in Exhibit “A” hereto and to issue bonds in an amount not to exceed $14,000,000 specified in Proposition B.
Propositions A and B presented to the qualified electors of Improvement Area No. 2 on August 26, 2025, as set forth in Exhibit “B” hereto, were approved by more than two-thirds of the votes cast at said election held for Improvement Area No. 2, and Propositions A and B each have carried. The Council is hereby authorized to levy on the land within Improvement Area No. 2 the special tax described in Proposition A as set forth in Exhibit “B” hereto for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition A as set forth in Exhibit “B” hereto and to issue bonds in an amount not to exceed $12,000,000 specified in Proposition B.
Section 3.The City Clerk is hereby directed to record in the Office of the County Recorder within fifteen days of the date hereof a second amended and restated notice of special tax lien with respect to Improvement Area No. 1 and a second amended and restated notice of special tax lien with respect to Improvement Area No. 2. which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5.
CC Reso. No. 2025-
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Section 4.This Resolution shall take effect immediately upon its adoption.
Section 5. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.
Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this ____ day of _____________ 2025.
Brian Tisdale
Mayor
Attest:
Candice Alvarez, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2025-____ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of ___________ __, 2025 and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Candice Alvarez, MMC
City Clerk
ATTACHMENT A
EXHIBIT “A”
SAMPLE BALLOT
COMMUNITY FACILITIES DISTRICT NO. 2021-1
OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST)
(IMPROVEMENT AREA NO. 1)
SPECIAL ELECTION
August 26, 2025
This ballot represents 29 votes.
To vote, write or stamp a cross (“+” or “X”) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void.
If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Lake Elsinore and obtain another.
PROPOSITION A: Shall a special tax with a Second Amended and Restated Rate and Method of Apportionment (the “Second Amended and Restated Rate and Method”) as provided in Exhibit “B” to Resolution No. 2025-51 adopted by the City Council of the City of Lake Elsinore on July 22, 2025, acting as the legislative body of Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (the “District”), be levied to pay for the Facilities, Incidental Expenses (as defined in Resolution No. 2021-53) and other purposes described in Resolution No. 2021-53, adopted by the City Council of the City of Lake Elsinore on April 27, 2021, including the payment of the principal of and interest on bonds issued by the District for Improvement Area No. 1 of the District to finance the Improvements and Incidental Expenses?
YES____
NO_____
PROPOSITION B: Shall the maximum authorized bonded indebtedness with respect to Improvement Area No. 1 be increased from $14,000,000 to $16,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 2021-53 adopted by the City Council of the City of Lake Elsinore on April 27, 2021?
YES____
NO_____
ATTACHMENT B
EXHIBIT “B”
SAMPLE BALLOT
COMMUNITY FACILITIES DISTRICT NO. 2021-1
OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST)
(IMPROVEMENT AREA NO. 2)
SPECIAL ELECTION
August 26, 2025
This ballot represents 20 votes.
To vote, write or stamp a cross (“+” or “X”) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void.
If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Lake Elsinore and obtain another.
PROPOSITION A: Shall a special tax with a Second Amended and Restated Rate and Method of Apportionment (the “Second Amended and Restated Rate and Method”) as provided in Exhibit “C” to Resolution No. 2025-51 adopted by the City Council of the City of Lake Elsinore on July 22, 2025, acting as the legislative body of Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (the “District”), be levied to pay for the Facilities, Incidental Expenses (as defined in Resolution No. 2021-53) and other purposes described in Resolution No. 2021-53, adopted by the City Council of the City of Lake Elsinore on April 27, 2021, including the payment of the principal of and interest on bonds issued by the District for Improvement Area No. 2 of the District to finance the Improvements and Incidental Expenses?
YES____
NO_____
PROPOSITION B: Shall the maximum authorized bonded indebtedness with respect to Improvement Area No. 2 be increased from $10,000,000 to $12,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses described in Resolution No. 2021-53 adopted by the City Council of the City of Lake Elsinore on April 27, 2021?
YES______
NO_______
ATTACHMENT C
EXHIBIT “C”
CERTIFICATE OF CITY CLERK
AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby certify that I have examined the returns of the Special Tax Election for Improvement Area No. 1 of Community Facilities District No. 2021-1 (Tuscany Valley/Crest) of the City of Lake Elsinore (the “District”).
The election was held in the Lake Elsinore Cultural Center at 183 North Main Street, Lake Elsinore, California, on August 26, 2025. I caused to be delivered ballots to each qualified elector. ___ (_) ballots were returned.
I further certify that the results of said election and the number of votes cast for and against Proposition A for Improvement Area No. 1 are as follows:
PROPOSITION A
YES:
NO:
TOTAL:
I further certify that I have examined the returns of the Special Tax Election for Improvement Area No. 2 of the District. The election was held in the Lake Elsinore Cultural Center at 183 North Main Street, Lake Elsinore, California, on August 26, 2025. I caused to be delivered ballots to each qualified elector. ___ (_) ballots were returned.
I further certify that the results of said election and the number of votes cast for and against Proposition B for Improvement Area No. 2 are as follows:
PROPOSITION B
YES:
NO:
TOTAL:
Dated this 26th day of August, 2025.
__________________________
Candice Alvarez, MMC, City Clerk
City of Lake Elsinore