For City Council Meeting [June 13, 2023]
TO: Honorable Mayor and City Council
APPROVAL: Arron Brown, Acting City Manager
FROM: Colby Cataldi, Community Development Director
Title
Request City Council to Adopt Resolution No. 8083 Declaring The Intention to Annex Territory (Cedar Villas) to Community Facilities District No. 2016-1 (Public Services) and set a Public Hearing for July 25, 2023.
Body
BACKGROUND:
The Mello-Roos Community Facilities Act of 1982 ("Act") being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California was created to provide an alternate method of financing for needed improvements and services. The Act allows the City Council to establish a Community Facilities District ("CFD") for financing public improvements and services.
On September 27, 2016, the City Council approved Resolution No. 7003, a Resolution of Intention to Establish CFD 2016-1. On November 22, 2016, by Resolution No. 7031, the City Council established CFD 2016-1, a Mello Roos Community Facilities District with the intention that future residential developments within the City of Rialto (the "City") would annex into this district when there is no CFD needed for public improvements. The City conditions new development to annex into CFD 2016-1 to fund increases in police protection services, fire protection and suppression services, ambulance and paramedic services, park maintenance and other public services within the City of Rialto arising from the increased need for such services in the new developments.
Since the formation of CFD 2016-1, the following eight (8) residential projects have been incorporated into the CFD: Serrano Place by RC Hobbs, Adams Grove by Crestwood Communities (Annexation No. 1), Etiwanda Homes by 642 N. Linden LLC (Annexation No. 2), Bella Villagio by Mr. Shareef Awad and Santiago by RC Hobbs (Annexation No. 3), Seasons at Acacia - East by Richmond American Homes (Annexation No. 4), Seasons at Acacia - W...
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