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1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />13 <br /> <br />14 <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />28 <br /> <br />RESOLUTION NO. 19411 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />RIVERSIDE CALLING A SPECIAL ELECTION FOR <br />SUBMITTING TO 'FILE VOTERS OF IMPROVEMENT AREA NO. <br />2 OF COMMUNITY FACILITIES DISTRICT NO. 86-1 THE <br />QUESTION OF WHETHER THE METHODOLOGY FOR <br />DETERMINING AND APPORTIONING ANNUAL AMOUNTS OF <br />SPECIAL TAXES AND MAXIMUM ANNUAL AMOUNTS OF <br />SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO. <br />86-1 SHOULD BE MODIFIED AND WHETHER NEW SPECIAL <br />TAXES SHOULD BE LEVIED ON PROPERTY WITHIN SAID <br />IMPROVEMENT AREA NO. 2 <br /> <br /> WHEREAS, on November 10, 1998, the City Council (the "City Council") of the City <br />of Riverside (the "City") adopted Resolution No. 19381, a resolution of consideration pursuant to <br />Section 53334 of the California Government Code ("Resolution No. 19381"), commencing <br />proceedings for the consideration of ordering the alteration of the Methodology for Determining and <br />Apportioning Annual Amounts of Special Taxes and Maximum Annual Amounts of Special Taxes (the <br />"Methodology") for Community Facilities District No. 86-1 of the City of Riverside, California (the <br />"District"); and <br /> <br /> WHEREAS, by Resolution No. 19381 the City Council determined that the area which <br />shall be subject to the proceedings commenced thereby to authorize the alteration of the Methodology <br />and the levy of new special taxes to pay the principal of and interest on such bonds is the Property, as <br />described in Exhibit "A" attached to Resolution No. 19381, which shall be known for purposes of such <br />proceedings, and pursuant to Section 53350 of the Government Code is designated as, "Improvement <br />Area No. 2 of Community Facilities District No. 86-1 of the City of Riverside, County of Riverside, <br />State of California" ("Improvement Area No. 2"), and that all proceedings for purposes of the election <br />on the proposition with respect to the alteration of the method of apportionment of the special taxes <br />and the levy of the new special taxes and for the purpose of levying such new special taxes shall apply <br />only to Improvement Area No. 2; and <br /> <br /> WHEREAS, Resolution No. 19381 scheduled a public hearing for 2:00 p.m. on <br />December 15, 1998 in the City Council Chamber of the City on such proposed alteration of the <br />Methodology and the levy of such new special taxes; and <br /> <br />RVPUBXRTA\54016 <br /> <br /> <br />