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2020-306 Levying Special Taxes FY 20-21 CFD 2014-2 (Commerce Pointe)oRDINANCE NO. 2020-306 AN ORDINANCE AMENDING ORDINANCE NO. 2014-154 ANO LEVYING SPECIAL TAXES TO BE COLLECTED DURING FISCAL YEAR 2020.21 TO PAY THE ANNUAL COSTS OF THE MAINTENANCEANO SERVICING OF STREET LIGHTS, PARKS, PARKWAYS, STREETS, ROADS, AND OPEN SPACE, THE OPERATION AND MAINTENANCE OF STORM DRAINAGE SYSTEMS, A RESERVE FUND FOR CAPITAL REPLACEMENT, AND ADMINISTRATIVE EXPENSES WITH RESPECT TO CITY OF MENIFEE COMMUNITY FACTLTTTES OtSTRTCT NO. 2014-2 (COMMERCE pOtNTE) WHEREAS, pursuant to the Mello-Roos Community Facitities Act of 1982 (the "Act"), on Juty 2, 2014, the City Council (the "City Council") of the City of Menifee (the"City") adopted Resotution No. 14-393 establishing Community Facilities District No.2014-2 (Commerce Pointe) of the City of Menifee, County of Riverslde, State of California (the "CFD No. 2014-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services (the "Services"), which are necessary to meet increased demands placed upon the City and are described in Exhibit A attached hereto; and WHEREAS, on August 20,2014, the City Councal adopted Ordinance No.2014-154 entitled, "An Ordinance Levying Special Taxes to be Collected During Fiscal Year 2015-16 to Pay the Annual Costs of the Maintenance and Servicing of Street Lights, Parks, Parkways, Streets, Roads, and Open Space, the Operation and Maintenance of Storm Drainage Systems, a Reserve Fund for Capital Replacement, and Administrative Expenses with Respect to City of Menifee Community Facilities District No. 2014-2 (Commerce Pointe)" ("Ordinance No. 2014-'154"), pursuant to which the City Council levied special taxes within the CFD No. 2014-2, and WHEREAS, the City Council has determined that it is necessary and in the public interest that pursuant to Sections 53340 and 53358 of the Government Code special taxes be levied on parcels of taxable property in CFD No. 2014-2 for Fiscal Year 2020-21 and subsequent fiscal years for the purposes of paying for the Services provided by CFD No. 2014-2. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MENIFEE, ACTING AS THE LEGISLATTVE BODY OF COMiTUNtTy FACtLtTtES D|STR|CT NO. 2014-2 (COMMERCE pOtNTE) OF THE CITY OF MENIFEE, OOES ORDAIN AS FOLLOWS: Section 1. Recitals. The foregoing recitals are true and correct Section 2. Findinos. lt is necessary that the City Council of the City of Menifee levy special taxes pursuant to Sections 53340 of the Government Code to provide and finance the costs of certain types of services, and related costs within the CFD 2014-2, including (i) the maintenance and servicing of street lights, parks, parkways, streets, roads, and open space, (ii) the operation and maintenance of storm drainage systems, (iii) a reserve fund for capital replacement, and (iv) administrative expenses, all as more completely described in Exhibit "A" to Resolution No. 14-382, attached hereto as Exhibit A and by this reference made a part hereof. Section 3. Amendment to Exhibit B of Ordinance No. 2014-154. Exhibit B of Ordinance No. 2014- 154 ls hereby amended by deleting it in its entirety and replacing it with Revised Exhibit B attached hereto Section 4. Amendment to Section 2 of Ordinance No. 2014-154. Section 2 of Ordinance No. 2014- 154 is hereby amended by deleting it in its entirety and replacing it wath the following Section 2. Levv of Special Taxes. Special taxes shall be and are hereby levied for the Fiscal Year 2015-'16, and each fiscal year thereafter, on all parcels of real property within the CFD No. 2014-2 which are subject to taxation, which are identified in Revised Exhibit B L