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Resolution of the City Council of the City of South San Francisco, Acting as the Legislative Body of City of South San Francisco Community Facilities District No. 2021-01 (Public Facilities and Services), City of South San Francisco, County of San Mateo, State of California, Determining the Necessity to Incur Bonded Indebtedness in an Amount Not to Exceed $105,000,000 Within the District and Calling an Election Therein.
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WHEREAS, on January 27, 2021, the City Council of the City of South San Francisco (the "City Council") adopted Resolution No. 18-2021 (the "Resolution of Intention") stating its intention to form City of South San Francisco Community Facilities District No. 2021-01 (Public Facilities and Services), City of South San Francisco, County of San Mateo, State of California ("Community Facilities District No. 2021-01" or the "District") pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"); and
WHEREAS, on January 27, 2021, the City Council also adopted Resolution No. 19-2021 stating its intention to incur bonded indebtedness in the amount of up to $105,000,000 within proposed Community Facilities District No. 2021-01 to finance (1) the purchase, construction, modification, expansion, improvement or rehabilitation of public facilities identified in Attachment B to the Resolution of Intention, and (2) the incidental expenses to be incurred in financing such public facilities and services and forming and administering the District, as identified in Attachment B to the Resolution of Intention; and
WHEREAS, notice was published as required by law relative to the intention of the City Council to form proposed Community Facilities District No. 2021-01 and to incur bonded indebtedness in the amount of up to $105,000,000 within the boundaries of proposed Community Facilities District No. 2021-01; and
WHEREAS, on March 10, 2021, this City Council conducted a noticed public hearing to determine whether it should pr...
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