City Council
MEETING DATE: 4/11/2018
TITLE:
Title
Citywide Community Facilities District 2006-01 Discussion
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FROM:
Tami E. Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
This is an Informational Report only. Please receive and file.
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BACKGROUND:
On January 22 & 23, 2005, the City Council held a Strategic Planning session. One of the strategic directions was to "Secure the Financial Resources to Provide Quality Services". As a post-proposition 13 city, the city receives a disproportionate share of property tax thus considerably less than that of a pre-proposition 13 city. As a result of analyzing and reviewing our various revenue sources, several conclusions were made to pursue future revenue streams to support the demand on city services. One such method was to establish a citywide Community Facilities District for services.
As part of the process to establish a citywide Community Facilities District, the city engaged the services of David Taussig & Associates to conduct a citywide Fiscal Impact Study/Report ("FIR"). This study was to enable the City Council to determine the corresponding fiscal impact to city services as new development progressed in the future.
The FIR consists of certain land-use assumptions based upon the City's General Plan, various Specific Plans throughout the City, the Riverside County Multiple Species Habitat Conservation Plan and zoning. In preparing the FIR, we examined the types of community services the residents receive as well as the government structure that supports these services. The purpose of the FIR was to estimate the net fiscal impact of these plans on the City's needed services.
The fiscal impacts identified include recurring municipal revenues and costs to the City's General Fund that result from new development, whether it be residential, non-retail/industrial or commercial. Costs to the City's General Fund are associated with a variety of services, such as ...
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