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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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 notice and the time periods for the election as permitted by the Mello Roos Community Facilities Act of 1982. Future developments will annex into this CFD; however, the special tax rates will be reconsidered for any annexed area and if necessary, the rates may be increased.
This Resolution will commence the formation process for the property described on the map described in the Resolution. This Resolution will set a public hearing for December 10, 2014 regarding the proposed formation. An election will be held following the public hearing. At that time, the landowners within Improvement Area No. 6 of the CFD will vote on the levy of special taxes on their property by the CFD.
FISCAL IMPACT:
Starting in Fiscal Year 2015-2016, the special levy will generate annual revenue of $2,187.32 (adjusted upward (not to exceed 3%) by the FY 15 Consumer Price Index).
ATTACHMENTS:
Cathedral City Services CFD 2006-1 (IA6) - Petition and Waiver
Cathedral City CFD 2006-1 IA 6 Boundary Map
Cathedral City Services CFD 2006-1 (IA 6) - Resolution of Intention
RMA CFD 2006-1 IA 6