City Council
MEETING DATE: 3/14/2018
TITLE:
Title
Improvement Area No. 10 - CFD 2006-1 - Public Hearing, Election and Tax Levy
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FROM:
Tami Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
It is recommended the City Council:
1) Hold a Public Hearing on the (a) formation of Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services), and (b) levy of special taxes.
2) Adopt the following resolutions:
(a) Resolution determining the validity of prior proceedings and establishing the Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services).
(b) Resolution calling a special election within Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services).
3) Hold Election.
4) Adopt the Resolution canvassing the results of the election held within Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services).
5) Conduct First Reading of the Ordinance authorizing the levy of a special tax within Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services).
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BACKGROUND:
On January 24, 2018, the City Council declared its intention to form Improvement Area No. 10 of the City of Cathedral City Community Facilities District No. 2006-1 (Law Enforcement, Fire, Paramedic and Park Maintenance Services) (“CFD”) for the purpose of paying for additional law enforcement, fire, paramedic, park and general maintenance services within areas of new development.
DISCUSSION:
A public hearing has been set for March 14, 2018. As directed in the Resolution of Intention, David Taussig & Associates, Inc. prepared a Report relating to the CFD, to include its authorized uses and expected costs.
Provided there is no majority protest at the public hearing, the City Council may adopt the resolution forming the CFD. Waiver regarding election timelines from the property owner has been received, so an election can be held March 14, 2018 to authorize the levy of the special taxes. Should the proposition for the CFD pass with a two-thirds vote from the qualified voters (the landowners) within the CFD, the City Council may have the first reading of an Ordinance levying the special tax.
If formed, this CFD will provide 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. It is proposed this CFD Improvement Area will be formed for the Horizon Gardens project, comprised of six existing buildings and four new buildings. New developments are conditioned to join the CFD and will join through an annexation process. As new developments go through the approval process, the annexations will be processed in a timely manner.
FISCAL IMPACT:
For the six existing buildings, the special levy will generate annual revenue beginning in FY 18/19 in the amount of $2,665 adjusted by the FY 18 Consumer Price Index (not to exceed 3%).
ATTACHMENTS:
CFD 2006-1, IA #10 Resolution Calling a Special Election
CFD 2006-1, IA #10 Resolution Canvassing Results of the Special Election
CFD 2006-1, IA #10 Resolution of Formation
CFD 2006-1, IA #10 Ordinance