For Water Subcommittee Meeting September 11, 2024
TO: Honorable Water Subcommittee Members
APPROVAL: Tanya Williams, Assistant City Manager
FROM: Toyasha Sebbag, Assistant to the City Manager
...Title
Staff requests that the Water Subcommittee provide feedback regarding the El Rancho Verde Lift Station and Sewer Deficiency Mitigation. (ACTION)
RECOMMENDATION
Staff recommends that the Water Subcommittee provide feedback on the El Rancho Verde Lift Station.
...Body
BACKGROUND
On September 10, 2019, the City approved Tract Map No. 20092 for the El Rancho Verde by Lytle Development Project (Project). The Project included various public improvements, including streets and sewer improvements.
On July 14, 2020, the City Council held a public hearing and approved Resolution Nos. 7644, 7645, 7646, and 7647 whereby an election was held, and the City Clerk received four ballots from the property owner who voted in favor of CFD 2020-1 (El Rancho Verde), a facilities special tax, a services special tax, and the issuance of special tax bonds for $20 million for each of the two Improvement Areas. A Funding, Construction, and Acquisition Agreement (Funding Agreement) between the City and Owner outlining the parameters of the fees that were eligible to be financed by CFD 2020-1 was also approved. The Funding Agreement also identified the process for the developer to receive reimbursement from the proceeds of the bonds and other matters relating to the disbursement of bond proceeds for eligible costs. A Joint Community Facilities Agreement (JCFA) between the City, the Owner, and West Valley Water District was also approved that identified the eligible water-related public facilities and fees to be funded and acquired by CFD 2020-1, as well as the method for reimbursement to the Owner.
On September 22, 2020, the City approved Resolution No. 7676 approving the Purchase and Sale Agreement and License and Maintenance Agreement concerning the property to be used for entry into th...
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