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8/5/2022 11:29:27 AM
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Ordinances
General 2 - Date
7/19/2022
Number
7600
Description
Levying Special Taxes To Be Collected During Fiscal Year 2022-2023 For The Payment Of The Principal
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />73 <br />24 <br />25 <br />26 <br />27 <br />28 <br />CITY A170RNEY'S OFFICE <br />3900 MAIN SKEET <br />RIVERSIDE CA 92522 <br />(951) 626-5567 <br />ORDINANCE NO.7600 <br />AN ORDINANCE OF THE CITY OF RIVERSIDE, CALIFORNIA, LEVYING <br />SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 2022-2023 <br />FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON AND <br />ADMINISTRATIVE EXPENSES WITH RESPECT TO THE BONDS OF <br />COMMUNITY FACILITIES DISTRICT NO. 2014-2 (THE HIGHLANDS) OF <br />THE CITY OF RIVERSIDE, CALIFORNIA, AND DECLARING THIS <br />ORDINANCE TO BE EFFECTIVE UPON ADOPTION. <br />The City Council of the City of Riverside does ordain as follows: <br />Section 1: Findings. It is necessary that the City Council of the City of Riverside levy <br />special taxes pursuant to sections 53340 and 53358 of the Government Code on parcels of <br />taxable real property within Community Facilities District No. 2014-2 (The Highlands) of the <br />City of Riverside (the "District") for the payment of the principal of and interest on the bonds of <br />the District, and for the payment of administrative expenses incurred in connection with the levy <br />and collection of said special taxes and the payment of such principal and interest. <br />Section 2: Levy of Special Taxes. Special taxes shall be and hereby are levied for the <br />fiscal year 2022-2023 on all parcels of real property within the District which are subject to <br />taxation, which are identified in Exhibit "A" attached hereto, and in the amount set forth for each <br />such parcel in said Exhibit "A." Pursuant to said Sections 53340 and 53358, such special taxes <br />for Fund 68-2743 shall be collected in the same manner as ordinary ad valorem property taxes <br />are collected and shall be subject to the same penalties and the same procedure, sale, and lien <br />priority in case of delinquency as is provided for ad valorem taxes. <br />Section 3: Transmittal to County. The City Clerk shall upon adoption of this ordinance <br />cause a copy to be transmitted to the County Auditor of the County of Riverside together with a <br />request that the special taxes as levied hereby be collected on the tax bills for the parcels <br />identified in Exhibit "A" hereto, along with the ordinary ad valorem property taxes to be levied <br />on and collected from the owners of said parcels. <br />Section 4: Publication and Effective Date. The City Clerk shall certify to the adoption of <br />this ordinance and cause publication once in a newspaper of general circulation in accordance <br />with Section 414 of the Charter of the City of Riverside. This is an ordinance fixing the rate of <br />
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