City Council
MEETING DATE: 7/22/2015
TITLE:
Title
Resolution of Intention to Establish Improvement Area No. 9 - CFD NO. 2006-1
End
FROM:
Tami Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
Staff recommends the City Council adopt a Resolution of Intention to Establish Improvement Area No. 9 - CFD NO. 2006-1
Body
BACKGROUND:
The City Council formed a Community Facilities District (CFD 2006-1) for the purpose of paying for additional law enforcement, fire, paramedic, park maintenance and general 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 developments, with more than four equivalent dwelling units, are conditioned to join the CFD 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. 9) will be formed in connection with the Desert Bloom Villas development project. The rates for Fiscal Year 2015-2016 have been set at 612.16 for a single family residential 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 an improvement area within the existing 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 also 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 August 26, 2015 regarding the proposed formation. An election will be held following the public hearing. At that time, the landowners within Improvement Area No. 9 of the CFD will vote on the levy of special taxes on their property by the CFD.
FISCAL IMPACT:
Starting in Fiscal Year 2016-2017, the special levy may generate annual revenue of $58,767 adjusted by the FY 16 Consumer Price Index (not to exceed 3%).
ATTACHMENTS:
CFD 2006-1, Improvement Area #9, Resolution of Intention
CFD 2006-1, Improvement Area #9, Petition (including Consent and Waiver)