City Council
MEETING DATE: 11/12/2014
TITLE:
Title
Resolution of Intention - Improvement Area 6 - Community Facilities District No. 2006-1
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FROM:
Tami Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
Staff recommends that the City Council adopt a Resolution of Intention to establish Improvement Area 6 of the City of Cathedral City Community Facilities District No. 2006-1 and to authorize the levy of a Special Tax within said Improvement Area.
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Body
BACKGROUND:
The City Council formed a Community Facilities District (CFD 2006-1) for the purpose of paying for additional law enforcement, fire, paramedic, and park maintenance services within areas of new development. CFD 2006-1 provides a secure source of funding for the services described above that may not be taken away by Sacramento in the case of State budget cuts. A study was completed by David Taussig & Associates, Inc. in order to determine appropriate annual special tax rates that mitigate the fiscal impact on the General Fund for the services proposed to be provided. This report was previously presented and accepted by Council in September 2006.
DISCUSSION:
New residential and non-retail commercial developments are conditioned to join the CFD and join through an annexation process. The annexations are processed in a timely manner as new developments go through the approval processes. Within CFD 2006-1, it is proposed that a new Improvement Area (No. 6) will be formed in connection with the Northgate Community Church project. The rates for Fiscal Year 2014-2015 have been set at $.1413/sq ft floor area for a non-retail commercial unit. This Special Tax increases (but does not decrease) by the percentage change in the Consumer Price Index, not to exceed three percent (3%) per Fiscal Year.
The property owner of the parcels shown on the map attached to the Resolution has filed a petition requesting to form the CFD and waiving the ...
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