City Council
MEETING DATE: 4/25/2018
TITLE:
Title
Improvement Area No. 10 - CFD No. 2006-1 - Second Reading and Adoption of an Ordinance Establishing a Special Tax Levy
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FROM:
Tami Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
Conduct the Second Reading and adopt the Ordinance authorizing the levy of a special tax.
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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 to pay for law enforcement, fire, paramedic, and park maintenance services. These services are in addition to those provided in the territory within the CFD prior to the formation of the CFD, and these services do not supplant services already available within such territory. The CFD was proposed by the property owners of the Horizon Gardens project.
DISCUSSION:
A public hearing occurred on March 14, 2018. The City Council adopted the resolution forming the CFD. A special election was held to authorize the levy of the special taxes. The proposition for levying the special taxes within the CFD passed with more than two-thirds of the votes cast by the qualified voters (the landowners) in favor of the proposition. Upon canvassing of the results of the special election, the City Council conducted the first reading of an Ordinance authorizing the levy of the special tax.
In the case of State budget cuts, the special taxes levied within this CFD will provide a secure source of funding for the services that may not be taken away by Sacramento. New developments are conditioned to join the CFD and will join through an annexation process. The annexations will be processed in a timely manner as new development goes through the approval processes.
FISCAL IMPACT:
For the six existing buildings, the special levy will generate annual revenue be...
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