Ordinance authorizes special tax for Community Facilities District No. 25-2.

2025-26 RESOLUTION AND ORDINANCE NO. 41
Ordinance of the Board of Education of the Corona-Norco Unified School District ACTING AS THE LEGISLATIVE BODY OF Community Facilities District No. 25-2 of the Corona-Norco Unified School District Authorizing the Levy of a Special Tax within IMPROVEMENT AREAS NOS. 1 AND 2 OF Community Facilities District No. 25-2 of the Corona-Norco Unified School District 
WHEREAS, on January 13, 2026, the Board of Education of the Corona-Norco Unified School District (the “Board of Education”) adopted 2025-26 Resolution No. 33 (the “Resolution of Intention”) and 2025-26 Resolution No. 34 stating its intention to form Community Facilities District No. 25-2 of the Corona-Norco Unified School District (“Community Facilities District No. 25-2”) and Improvement Areas Nos. 1 and 2 therein (each, an “Improvement Area” and together, the “Improvement Areas”) and incur bonded indebtedness in an aggregate principal amount not to exceed $18,500,000, including $7,000,000 for Improvement Area No. 1 and $11,500,000 for Improvement Area No. 2, each pursuant to the Mello‑Roos Community Facilities Act of 1982, as amended (the “Act”), for the purpose of financing the construction, purchase, modification, expansion, improvement or rehabilitation of school facilities (the “Facilities”), and including all incidental expenses related thereto, which include the cost of engineering, planning and designing the facilities, the costs of forming Community Facilities District No. 25-2 and the Improvement Areas therein, issuing bonds of Community Facilities District No. 25-2 for each Improvement Area, and levying and collecting a special tax within each Improvement Area (the “Incidental Expenses”); andWHEREAS, notice was published as required by law relative to the intention of the Board of Education to form proposed Community Facilities District No. 25-2 and the Improvement Areas therein, and to levy a special tax within each Improvement Area to pay for the Facilities, the Incidental Expenses and to incur bonded indebtedness; andWHEREAS, on March 3, 2026, the Board of Education held a noticed public hearing as required by law to determine whether it should proceed with the formation of Community Facilities District No. 25-2 and the Improvement Areas therein and authorize the rates and methods of apportionment of a special tax to be levied within each Improvement Area for the purpose of paying for the Facilities, creating or replenishing any necessary reserve funds, paying the annual costs associated with the bonds proposed to be issued to finance the Facilities, including, but not limited to, the principal and interest and other periodic costs on bonds issued by Community Facilities District No. 25-2 for each Improvement Area, any remarketing, credit enhancement and liquidity facility fees and other expenses of the type permitted by Section 53345.3 of the Act, the costs of forming Community Facilities District No. 25-2 and the Improvement Areas therein, and the costs of administering the levy and collection of the special tax within each Improvement Area and all other administrative costs of the special tax levies and bond issues; andWHEREAS, at said public hearing, all persons desiring to be heard on all matters pertaining to the formation of Community Facilities District No. 25-2 and the Improvement Areas therein, the levy of a special tax within each Improvement Area and the issuance of bonds to pay for the Facilities were heard and a full and fair hearing was held; andWHEREAS, on March 3, 2026, the Board of Education adopted 2025-26 Resolution Nos. 38 and 39 which established Community Facilities District No. 25-2 and the Improvement Areas therein, authorized the levy of a special tax within each Improvement Area and called elections within each Improvement Area for March 3, 2026 on the propositions of levying a special tax, authorizing the issuance of bonds and establishing an appropriations limit for Community Facilities District No. 25-2 and the Improvement Areas; andWHEREAS , on March 3, 2026, an election was held within each Improvement Area at which the qualified electors within each Improvement Area approved by more than a two‑thirds vote the propositions of levying a special tax, authorizing the issuance of bonds and establishing an appropriations limit as set forth in 2025-26 Resolution Nos. 38 and Resolution No. 39; andWHEREAS , on March 3, 2026, the Board of Education adopted 2025-26 Resolution No. 40 which certified the results of the March 3, 2026 election within each Improvement Area conducted by the Clerk of the Board of Education of the School District, which results showed that more than two‑thirds of the votes cast were in favor of the propositions to levy the special tax, issuing bonds and establishing an appropriations limit;NOW, THEREFORE, the Board of Education of the Corona-Norco Unified School District, acting in its capacity as the legislative body of Community Facilities District No. 25-2, does ordain as follows:SECTION 1. The above recitals are all true and correct.SECTION 2. By the passage of this Ordinance, the Board of Education authorizes the levy of a special tax within each Improvement Area of Community Facilities District No. 25-2 in accordance with the rates and methods of apportionment set forth in Attachment “C-1” and “C-2” to the Resolution of Intention (collectively, the “Rates and Methods,” and individually, a “Rate and Method”) which are incorporated by reference herein.SECTION 3. The Board of Education is hereby further authorized to determine, by ordinance, or by resolution if permitted by then applicable law, the specific special tax to be levied on each parcel of land within the Improvement Areas of Community Facilities District No. 25-2. The special tax to be levied shall not exceed the maximum rate set forth in the applicable Rate and Method, but the special tax may be levied at a lower rate.SECTION 4. Properties or entities of the state, federal or other local governments shall be exempt from the above‑referenced and approved special tax only to the extent set forth in each Rate and Method and otherwise shall be subject to tax consistent with the provisions of Section 53317.3 of the Act in effect as of the date of adoption of this Ordinance.SECTION 5. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Intention. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Intention.SECTION 6. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes as such collection procedure may be modified by law or this Board of Education from time to time.SECTION 7. As a cumulative remedy, if debt is outstanding, the Board of Education may, not later than four years after the due date of the last installment of principal on the debt, order that any delinquent special tax as levied in whole or in part for payment of the debt, together with any penalties, interest and costs accruing under this Ordinance, be collected by an action brought in the superior court to foreclose the lien of such special tax.SECTION 8. This Ordinance relating to the levy of the special tax shall take effect 30 days after its final passage in accordance with the provisions of Section 36937 of the Government Code, and this specific authorization for adoption is pursuant to the provisions of Section 53340 of the Government Code.SECTION 9. The President of the Board of Education, acting on behalf of Community Facilities District No. 25-2, shall sign this Ordinance and the Clerk of the Board of Education of the Corona-Norco Unified School District shall attest to the President’s signature and then cause the same to be published within fifteen (15) days after its passage at least once in a newspaper of general circulation published and circulated in Community Facilities District No. 25-2, or by posting in three public places in Community Facilities District No. 25-2, or published in a newspaper of general circulation printed and published in the County of Riverside and circulated in Community Facilities District No. 25-2.SECTION 10. A full reading of this Ordinance is dispensed with prior to its final passage, such reading having been dispensed with by a majority vote of the Board of Education.SECTION 11. This Ordinance shall take effect and be in force on the thirtieth day from and after its passage.PASSED AND ADOPTED by the Board of Education of the Corona-Norco Unified School District this 14th day of April, 2026, by the following vote:
/s/ Mary Helen YbarraPresident of the Board of EducationATTEST:
/s/ Jami MerchantClerk of the Board of EducationThe Press-EnterprisePublished: 4/29/26