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CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVE., STE. 250
RIVERSIDE, CA 92501
(951) 826-5567
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF RIVERSIDE, CALIFORNIA, LEVYING SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 202 4-2025 WITHIN COMMUNITY FACILITIES DISTRICT NO. 2021-2
(RIVERPOINTE/PARK PLACE) OF THE CITY OF RIVERSIDE, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AND DECLARING THIS ORDINANCE TO BE EFFECTIVE UPON ADOPTION.
The City Council of the City of Riverside does ordain as follows:
Section 1: Findings. The City Council finds as follows:
(a) pursuant to the Rates and Method of Apportionment of Special Tax for Community Facilities District No. 2021-2 (Riverpointe/Park Place) of the City of Riverside, County of Riverside, State of California (“CFD No. 2021-2”), the City Council is authorized to levy Special Taxes in any Fiscal Year for the following purposes:
(i) to provide any amounts that the City Council determines are necessary to pay the costs of the provision, construction, and acquisition of public facilities and/or accumulate funds therefor; and
(ii) to pay Administrative Expenses; and
(iii) if any Bonds are issued by the City on behalf of CFD No. 2021-2:
(a) to pay debt service on all outstanding Bonds of CFD No. 2021-2 (taking into consideration the amount of funds that may be available pursuant to the Indenture to pay such debt service) or debt service on bonds or other obligations of the City with respect to facilities relating to CFD No. 2021-2;
(b) to pay periodic costs for the Bonds, including, but not limited to, costs related to credit enhancement and rebate payments;
(c) to pay Administrative Expenses;
(d) to provide an amount equal to reasonably anticipated delinquencies in the collection of Special Taxes;
(e) to provide any amount required to replenish the reserve fund for the outstanding Bonds;
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CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVE., STE. 250
RIVERSIDE, CA 92501
(951) 826-5567
(f) to provide any amounts that the City Council determines are necessary to pay the costs of the provision, construction, and acquisition of public facilities and/or accumulate funds therefor; and
(g) to pay for the services which may be funded with the proceeds of the special tax of the District, as provided by Section 53313 of the Government Code; (b) it is necessary that the City Council levy special taxes for Fiscal Year 2024-2025 on all Assessor’s Parcels of Taxable Property in CFD No. 2021-2 for the purposes of paying the costs of providing, constructing and acquiring public facilities and accumulating funds therefor, paying the cost of services which may be funded with proceeds of the special tax of CFD No. 2021-2, and paying Administrative Expenses; and
(c) the words set forth above and hereinafter with initial letters capitalized are defined terms in the aforementioned Rates and Method of Apportionment of Special Tax.
Section 2: Levy of Special Taxes. Special Taxes shall be and hereby are levied for the Fiscal Year 2024-2025 on all parcels of Taxable Property within CFD No. 2021-2, which are identified in Exhibit “A” attached hereto, and in the amount set forth in the Rates and Method of Apportionment of Special Tax. Pursuant to said Section 53340 of the Government Code, such Special Taxes shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penaltie s and the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes. The Special Taxes are hereby levied in each fiscal year until payment of all costs related to the construction and acquisition of all public facilities authorized to be financed by CFD No. 2021-2, payment in full of any bonds of the City issued for CFD No. 2021-2, payment of all costs of the formation to be paid with such funds, and payment of all costs of administering CFD No. 2021-2 is reached.
Section 3:
Transmittal to County. The City Clerk shall, upon adoption of this ordinance, cause a copy to be transmitted to the County Auditor of the County of Riverside together with a request that the special taxes, as levied hereby, be collected on the tax bills for the parcels identified in Exhibit “A” hereto, along with the ordinary ad valorem property taxes to be levied on and collected from the owners of said parcels.
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CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVE., STE. 250
RIVERSIDE, CA 92501
(951) 826-5567
Section 4: Publication and Effective Date. The City Clerk shall certify the adoption of this ordinance and cause publication once in a newspaper of general circulation in accordance with Section 414 of the Charter of the City of Riverside. This is an ordinance fixing the rate of taxation upon property and shall take effect immediately upon its adoption, pursuant to Section 416 of the Charter of the City of Riverside.
ADOPTED by the City Council this _____ day of _______________, 2024.
______________________________
PATRICIA LOCK DAWSON
Mayor of the City of Riverside
Attest:
______________________________
COLLEEN NICOL
City Clerk of the City of Riverside
I, Colleen Nicol, City Clerk of the City of Riverside, California, hereby certify that the foregoing ordinance was duly and regularly introduced and adopted at a meeting of the City Council on the _____ day of _______________, 2024, by the following vote, to wit:
Ayes:
Noes:
Absent:
Abstain:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Riverside, California, this _____ day of _______________, 2024.
______________________________
COLLEEN NICOL
City Clerk of the City of Riverside
24-1173 06/12/24
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CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVE., STE. 250
RIVERSIDE, CA 92501
(951) 826-5567
EXHIBIT “A”
TAXABLE PROPERTY
PIN Levy Amount PIN
CITY OF RIVERSIDE 680441 - CCFD 2021-2 (RIVERPOINTE/PARK PLACE FACILITIES) Levy Amount PIN Levy Amount
Fiscal Year 2024-25 Assessment Roll
155490001 $2,765.00
155490002 $2,765.00
155490003 $2,765.00
155490004 $2,765.00
155490005 $2,765.00
155490006 $2,705.00
155490007 $2,765.00
155490008 $2,705.00
155490009 $2,765.00
155490010 $2,765.00
155490052 $2,645.00
155490053 $2,765.00
155490054 $2,765.00
207260001 $3,250.00
207260002 $3,250.00
207260003 $3,250.00
207260004 $3,110.00
207260005 $3,250.00
207260006 $3,250.00
207260007 $2,830.00
207260008 $2,830.00
207260009 $3,110.00
207260010 $3,110.00
207260011 $2,830.00
207260012 $2,830.00
207260013 $2,830.00
207260014 $2,830.00
207260015 $3,110.00
207260016 $3,110.00
207260017 $2,830.00
207260018 $2,830.00
207260019 $2,830.00
207260020 $2,830.00
207260021 $3,110.00
207260022 $3,110.00
207260023 $2,830.00
207260024 $3,110.00
207260025 $3,250.00
207260026 $3,250.00
207260027 $3,110.00
207260028 $3,250.00
207260029 $3,250.00
207260030 $3,110.00
207260031 $3,250.00
207260032 $3,110.00
207260033 $3,250.00
207260034 $3,110.00
207260035 $3,250.00
207260036 $3,250.00
207260037 $3,250.00
207260038 $3,250.00
207260039 $3,250.00
207260040 $3,110.00
207260041 $3,250.00
207260042 $3,110.00
207260043 $3,250.00
207260044 $3,110.00
207260045 $3,250.00
207260046 $3,110.00
207260047 $3,250.00
207260048 $3,110.00
Levy: $184,705.00
Parcels: 61
EXHIBIT "A"
PIN Levy Amount PIN
CITY OF RIVERSIDE 680442 - CCFD 2021-2 (RIVERPOINTE/PARK PLACE SERVICES) Levy Amount PIN Levy Amount
Fiscal Year 2024-25 Assessment Roll
155490001 $343.10
155490002 $343.10
155490003 $343.10
155490004 $343.10
155490005 $343.10
155490006 $343.10
155490007 $343.10
155490008 $343.10
155490009 $343.10
155490010 $343.10
155490011 $434.18
155490012 $361.82
155490013 $361.82
155490014 $361.82
155490015 $361.82
155490016 $361.82
155490017 $361.82
155490018 $332.86
155490019 $289.44
155490020 $289.44
155490021 $289.44
155490022 $289.44
155490023 $289.44
155490024 $361.82
155490025 $361.82
155490026 $361.82
155490027 $361.82
155490028 $361.82
155490029 $361.82
155490030 $289.44
155490031 $361.82
155490032 $289.44
155490033 $361.82
155490034 $289.44
155490035 $361.82
155490036 $289.44
155490037 $361.82
155490038 $289.44
155490039 $361.82
155490040 $289.44
155490041 $361.82
155490042 $361.82
155490043 $361.82
155490044 $289.44
155490045 $361.82
155490046 $361.82
155490047 $361.82
155490048 $289.44
155490049 $361.82
155490050 $361.82
155490051 $434.18
155490052 $343.10
155490053 $343.10
155490054 $343.10
155490055 $361.82
207260001 $134.36
207260002 $134.36
207260003 $134.36
207260004 $134.36
207260005 $134.36
207260006 $134.36
207260007 $134.36
207260008 $134.36
207260009 $134.36
207260010 $134.36
207260011 $134.36
207260012 $134.36
207260013 $134.36
207260014 $134.36
207260015 $134.36
207260016 $134.36
207260017 $134.36
207260018 $134.36
207260019 $134.36
207260020 $134.36
207260021 $134.36
207260022 $134.36
207260023 $134.36
207260024 $134.36
207260025 $134.36
207260026 $134.36
207260027 $134.36
207260028 $134.36
207260029 $134.36
207260030 $134.36
207260031 $134.36
207260032 $134.36
207260033 $134.36
207260034 $134.36
207260035 $134.36
207260036 $134.36
207260037 $134.36
207260038 $134.36
207260039 $134.36
207260040 $134.36
207260041 $134.36
207260042 $134.36
207260043 $134.36
207260044 $134.36
207260045 $134.36
207260046 $134.36
207260047 $134.36
207260048 $134.36
Levy: $25,280.84
Parcels: 103