Notice of Public Hearing

NOTICE OF PUBLIC HEARING
To Establish a Community Facilities District
LAKESIDE WATER DISTRICT
COMMUNITY FACILITIES DISTRICT NO. 2022-1
(YERBA VALLEY ANNEXATION AREA)

At a meeting held October 11, 2022, the Board of Directors (the “Board”) of Lakeside Water District (the “District”), County of San Diego, State of California, adopted its Resolution 2022-09, “Resolution of the Board of Directors of Lakeside Water District Declaring Its Intention to Establish a Community Facilities District Entitled ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’” (the “Resolution of Intention”) to establish “Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)” (the “CFD”) under the Mello-Roos Community Facilities Act of 1982 (the “Act”).  Under the Act and the Resolution of Intention, the Board gives notice as follows:

            1.         The text of the Resolution of Intention, with the Exhibits A, B and C thereto, as adopted by the Board, is on file with the Board Secretary, and reference is made thereto for the particular provisions thereof.  The text of the Resolution of Intention is summarized as follows:

                        a.         The Board is undertaking proceedings for the establishment of the CFD, the boundaries of which are shown on a map on file with the District, pursuant to the Act, and in Exhibit A to the Resolution of Intention.

                        b.         The Board declares that the purpose of the CFD is to provide for the financing of the public facilities (the “Facilities”) and related expenses, services, incidental costs and financing costs (collectively with the Facilities, the “Project”) as more fully described in the Resolution of Intention and Exhibits B and C thereto.

                        c.         The Board proposes that the method of financing the Facilities and the other elements of the Project shall be through the imposition and levy of a special tax (the “Special Tax”) to be apportioned on the properties in the CFD under the rate and method of apportionment described in the Resolution of Intention and Exhibits B and C thereto.

                        d.         The Board, through the Resolution of Intention, directed the preparation of a CFD Report (the “CFD Report”) that shows the Facilities and the estimates costs of the Facilities and the other elements of the Project.  The CFD Report will be made a permanent part of the record of the public hearing specified below.  Reference is made to the CFD Report as filed with the Board Secretary.

                        e.         The Board will hold a public hearing on the establishment of the CFD, the Facilities, the other elements of the Project and the Special Tax, as set forth below.

                        f.          The Board, through the Resolution of Intention, directed the preparation and publication of this Notice of Public Hearing (this “Notice”) and further directed that this Notice state further that all of the owners of the Property within the boundaries of the proposed CFD have consented in writing to the formation of the CFD and the levy of the Special Tax, and that copies of this Notice be delivered to each registered voter and landowner within the proposed boundaries of the CFD.

            2.         The public hearing will be held Tuesday, December 6, 2022, at 5:30 pm Pacific time, or as soon as possible thereafter, in the office of the District at 10375 Vine Street, Lakeside, California 92040 (the “District Office”).

3.         At the public hearing, the testimony of all interested persons or taxpayers for or against the establishment of the CFD, the extent of the CFD or the furnishing of the specified Facilities and other elements of the Project will be heard.  Any person interested may file a protest in writing as provided in Section 53323 of the Act.  If fifty percent or more of the registered voters, residing in the territory proposed to be included in the CFD, or the owners of one-half or more of the area of land in the territory proposed to be included in the CFD and not exempt from the Special Tax file written protests against the establishment of the CFD and the protests are not withdrawn to reduce the value of the protests to less than a majority, the Board shall take no further action to create the CFD or levy the Special Tax for a period of one year from the date of decision of the City Council and, if the majority protests of the registered voters or landowners are only against the furnishing of a type or types of Facilities within the CFD, or against levying a specified Special Tax, those types of Facilities or the specified part of the Special Tax will be eliminated from the proceedings to form the CFD.

            4.         If there is no majority protest, the Board may submit the levy of the Special Tax for voter approval at a special election.  The Special Tax requires the approval of two-thirds of the votes cast at a special election by the property owner voters of the CFD, with each such owner having one vote for each acre or portion thereof such owner owns in the CFD.

Supporting documents are available at the District Office on the Friday before the meeting at which the public hearing is held and may be available earlier depending on the completion and photocopying of the report.

Written comments should be directed to the Board through the Board Secretary at the District Office.

PLEASE NOTE:  Any person challenging any of the above actions in Court may be limited to raising only those issues that they or someone else raised at the public hearing described in this Notice, or in written correspondence delivered to the District at, or prior to, the public hearing.

In compliance with the Americans with Disabilities Act, the District requests individuals who require alternative notice format or special accommodations to participate in this Public Hearing contact Brett Sanders at bretts@lakesidewater.org.  Requests for disability-related modifications or accommodations require different lead times and should be provided at least 72-hours in advance of a meeting.

Dated:  October 11, 2022

Signed:  Brett Sanders, Board Secretary

NOTICE OF PUBLIC HEARING
To Incur Bonded and Other Indebtedness
LAKESIDE WATER DISTRICT
COMMUNITY FACILITIES DISTRICT NO. 2022-1
(YERBA VALLEY ANNEXATION AREA)

At a meeting held October 11, 2022, the Board of Directors (the “Board”) of Lakeside Water District (the “District”), County of San Diego, State of California, adopted its Resolution 2022-10, “Resolution of the Board of Directors of Lakeside Water District Declaring Its Intention to Incur Bonded Indebtedness and Other Debt for the ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’” (the “Resolution”) for the “Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)” (the “CFD”) under the Mello-Roos Community Facilities Act of 1982 (the “Act”).  Under the Act and the Resolution, the Board gives notice as follows:

            1.         Reference is hereby made to the entire text of the Resolution, as adopted by the Board, a complete copy of which is on file with the Board Secretary.  The text of the Resolution is summarized as follows:

                        a.         The Board has adopted its “Resolution of the Board of Directors of Lakeside Water District Declaring Its Intention to Establish a Community Facilities District Entitled ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’’’ (the “Resolution of Intention to Establish”), stating its intention to form the CFD for the purpose of financing, among other things, all or part of certain public facilities (the “Facilities”) as further provided in the Resolution of Intention to Establish.

                        b.         The Board estimates the amount required to finance the costs of the Facilities and incidental costs and expenses, including financing costs, to be not more than $2,500,000 and, in order to finance such costs, it is necessary to incur bonded and other indebtedness in the amount of not more than $2,500,000.

                        c.         The Board declares that the proposed bonded indebtedness and other debt is to finance the Facilities, including acquisition and improvement costs and all costs incidental to or connected with the accomplishment of such purposes and of the financing thereof, as permitted by the Act.

                        d.         The Board intends to authorize the issuance and sale of bonds or other forms of debt provided by the Act (collectively, the “Bonds”) in the aggregate principal amount of not more than $2,500,000 in such series and bearing interest payable semi-annually or in such other manner as the Board shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by applicable law at the time of sale of the Bonds, and maturing not to exceed 40 years from the date of the issuance of the Bonds.

            2.         The Board appoints and fixes Tuesday, December 6, 2022, at 5:30 pm Pacific time, or as soon as possible thereafter, in the office of the District at 10375 Vine Street, Lakeside, California 92040 (the “District Office”), as the time and place when and where the Board will hold a public hearing on the necessity of incurring the above amount of bonded indebtedness or other debt for the CFD.

3.         The Board declares that at the public hearing the testimony of all interested persons, including voters and/or persons owning property in the area of the proposed CFD, for and against the proposed bonded or other debt, will be heard.  Interested persons may submit written protests or comment to the District..

Supporting documents are available at the District Office on the Friday before the meeting at which the public hearing is held and may be available earlier depending on the completion and photocopying of the report.

Written comments should be directed to the Board through the Board Secretary at the District Office.

PLEASE NOTE:  Any person challenging any of the above actions in Court may be limited to raising only those issues that they or someone else raised at the public hearing described in this Notice, or in written correspondence delivered to the District at, or prior to, the public hearing.

In compliance with the Americans with Disabilities Act, the District requests individuals who require alternative notice format or special accommodations to participate in this Public Hearing contact Brett Sanders at bretts@lakesidewater.org.  Requests for disability-related modifications or accommodations require different lead times and should be provided at least 72-hours in advance of a meeting.

Dated:  October 11, 2022

Signed:  Brett Sanders, Board Secretary