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1 ORDINANCE NO. 6444 2 AN ORDINANCE OF THE CITY OF RIVERSIDE, CALIFORNIA, LEVYING SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 1998-99 FOR 3 THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON AND ADMINISTRATIVE EXPENSES WITH RESPECT TO THE BONDS OF 4 COMMUNITY FACILITIES DISTRICT NO. 90-1 (HIGHLANDER AREA) OF THE CITY OF RIVERSIDE, CALIFORNIA; AND DECLARING THIS 5 ORDINANCE TO BE EFFECTIVE UPON ADOPTION. 6 The City Council of the City of Riverside does ordain as follows: 7 Section 1: Findings. It is necessary that the City Council of the City of Riverside levy 8 special taxes pursuant to Sections 53340 and 53358 of the Government Code for the payment of 9 the principal of and interest on the outstanding bonds of Community Facilities District No. 90-1 10 (Highlander Area) of the City of Riverside, California (the "District"), and for the payment of 11 administrative expenses incurred in connection with the levy and collection of said special taxes 12 and the payment of such principal and interest. Said special taxes are levied without regard to 13 property valuation. 14 Section 2: Levy of Special Taxes. Special taxes shall be and are hereby levied for the fiscal 15 year 1998-99 on all parcels of real property within the District which are subject to taxation, which 16 are identified in Exhibit" A" attached hereto, and in the amount set forth for each such parcel in 17 said Exhibit "A". Pursuant to Sections 53340 and 53358, such special taxes for Fund 68-2732 18 shall be collected in the same manner as ordinary ad valorem property taxes are collected, and 19 shall be subject to the same penalties and the same procedure, sale, and lien priority in case of 20 delinquency as is provided for ad valorem taxes. 21 Section 3: Transmittal to County. The City Clerk shall upon adoption ofthis ordinance 22 cause a copy to be transmitted to the County Auditor of the County of Riverside together with a 23 request that the special taxes as levied hereby be collected on the tax bills for the parcels identified 24 in Exhibit "A" hereto, along with the ordinary ad valorem property taxes to be levied on and 25 collected from the owners of said parcels. 26 Section 4: Publication and Effective Date. The City Clerk shall certify to the adoption of this 27 ordinance and cause publication once in a newspaper of general circulation in accordance with City Attorney's Office 3900 Main Street Riverside, CA 92522 (909) 782-5567