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Ordinance No. 1055230 ORDINANCE NO. 1055 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS LEVYING A SPECIAL TAX WITHIN COMMUNITY FACILITIES DISTRICT NO. 1 (SORRENTO HOMES) OF THE CITY OF CYPRESS The City of Cypress (the "City ") ordains: 1. Pursuant to the Mello -Roos Community Facilities Act of 1982, as amended, sections 53311, et seq. of the Government Code of the State of California (the "Act "), and in accordance with the Rate and Method of Apportionment of Special Tax (the "Special Tax Formula ") as shown in Exhibit B to Resolution No. 3820 (the "Resolution of Formation ") adopted by this City Council on September 10, 1990, a special tax is hereby levied on all taxable parcels within Community Facilities District No. 1 (Sorrento Homes) of the City of Cypress (the "District ") for the 2004 -05 Fiscal Year and for all subsequent Fiscal Years of the authority to levy this special tax. 2. The special tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that the special tax may be collected at a different time or in a different manner as specified in resolutions of this City Council. The special tax shall be subject to the same penalties and procedures, sale and lien priority in case of delinquency as is provided for ad valorem taxes. In the event of delinquent special taxes, the City may pursue foreclosure without the need for further action by this City Council, and the provisions of Section 53356.1 of the Act shall apply. 3. The City's Finance and Administrative Services Director is directed, with the aid of the appropriate officers and agents of the City, to implement the provisions of the Special Tax Formula and to prepare each year, without further action of this City Council, the special tax roll for the District and to provide, as necessary, information to the Orange County Auditor in the form, and in the proper time, necessary to effect the proper billing and collection of the special tax on the secured property tax roll of the County. 4. The appropriate officers and agents of the City and of the County of Orange are authorized to make adjustments to the special tax roll prior to the final posting of the special taxes to the County tax roll each year, as may be necessary to achieve a correct match of the special tax levy with the assessor's parcel numbers finally utilized by the County in sending out property tax bills. 5. If for any cause any portion of this ordinance is found to be invalid, or if the special tax is found inapplicable to any particular parcel by a court of competent jurisdiction, the balance of this ordinance, and the application of the special tax to the remaining parcels, shall not be affected. This Ordinance supercedes Ordinance No. 855, adopted by the City Council on September 10, 1990, to the extent the provisions of this Ordinance and the provisions of Ordinance 855 are inconsistent. 6. The Mayor shall sign this Ordinance and the City Clerk shall cause the same to be published within 15 days after its passage at least once in each of the News - Enterprise and The Event, the official newspapers of the City, and shall cause the same to be posted in at least three public places in the City, also within 15 days of the Ordinance's passage. 7. This ordinance shall go into effect on the thirty -first (31st) day after the date of its passage and adoption. THE FOREGOING ORDINANCE was introduced at a regular meeting of the City Council of the City of Cypress on the 8th day of March, 2004 and was passed and adopted at a regular meeting of the City Council of the City of Cypress on the 22nd day of March, 2004. apvez, MAYOR OF THE CITY OF CYPRESS ATTEST: CLERK F THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE )SS I, JILL R. GUERTIN, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing was duly adopted at a regularly scheduled meeting of said City Council held on the 22 °d day of March, 2004, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: McCoy, McGill, Sondhi, Piercy and Keenan NOES: 0 COUNCIL MEMBERS: None ABSTAIN: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None 2 CLERK 0 THE CITY OF CYPRESS 231