File #: 23-670    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 7/17/2023 In control: City Council
On agenda: 7/25/2023 Final action: 7/25/2023
Title: Request City Council to Adopt the Following Resolutions Setting the Fiscal Year 2023-24 Special Tax Levies for Community Facilities Districts 2006-1, 2016-1, 87-1, 87-2, 2019-2, and 2020-1: (1) Resolution No. 8119 of The City Council of the City of Rialto, State of California, Community Facilities District 2006-1 (ELM PARK) Establishing Annual Special Tax for Fiscal Year 2023-24. (2) Resolution No. 8120 of The City Council of the City of Rialto, State of California, Community Facilities District 2016-1 (PUBLIC SERVICES) Establishing Annual Special Tax for Fiscal Year 2023-24. (3) Resolution No. 8121 of The City Council of the City of Rialto, State of California, Community Facilities District 87-1 (LAS COLINAS) Establishing Annual Special Tax for Fiscal Year 2023-24. (4) Resolution No. 8122 of The City Council of the City of Rialto, State of California, Community Facilities District 87-2 (LAS COLINAS) Establishing Annual Special Tax for Fiscal Year 2023-24. (5) Resolution No. 8123 of ...
Attachments: 1. City Exhibits for Annual Levy of CFDs - 2023-24 - Revised.pdf, 2. CFD 87-1 - 23-24 (LAS COLINAS) Resolution 7Y00.pdf, 3. CFD 87-2-23-24 (LAS COLINAS) Resolution 7Z00.pdf, 4. FY 2023-24 CFD 2006-1 (ELM PARK) Reso for 7_14_21 .pdf, 5. FY 2023-24 CFD 2016-1 (PUBLIC SVCS) Reso for 7_XX 21CC (003).pdf, 6. FY 2023-24 CFD 2019-2 Foothill-Spruce Reso for 7_14_21 .pdf, 7. FY 2023-24 CFD 2020-1 (ELM PARK) Reso for 7_14_21 .pdf
For City Council Meeting July 25, 2023
TO: Honorable Mayor and City Council
APPROVAL: Arron Brown, Acting City Manager
FROM: Katherine Stevens, Finance Director

Title
Request City Council to Adopt the Following Resolutions Setting the Fiscal Year 2023-24 Special Tax Levies for Community Facilities Districts 2006-1, 2016-1, 87-1, 87-2, 2019-2, and 2020-1:
(1) Resolution No. 8119 of The City Council of the City of Rialto, State of California, Community Facilities District 2006-1 (ELM PARK) Establishing Annual Special Tax for Fiscal Year 2023-24.
(2) Resolution No. 8120 of The City Council of the City of Rialto, State of California, Community Facilities District 2016-1 (PUBLIC SERVICES) Establishing Annual Special Tax for Fiscal Year 2023-24.
(3) Resolution No. 8121 of The City Council of the City of Rialto, State of California, Community Facilities District 87-1 (LAS COLINAS) Establishing Annual Special Tax for Fiscal Year 2023-24.
(4) Resolution No. 8122 of The City Council of the City of Rialto, State of California, Community Facilities District 87-2 (LAS COLINAS) Establishing Annual Special Tax for Fiscal Year 2023-24.
(5) Resolution No. 8123 of The City Council of the City of Rialto, State of California, Community Facilities District 2019-2 (FOOTHILL/SPRUCE) Establishing Annual Special Tax for Fiscal Year 2023-24.
(6) Resolution No. 8124 of The City Council of the City of Rialto, State of California, Community Facilities District 2020-1 (EL RANCHO VERDE) Establishing Annual Special Tax for Fiscal Year 2023-24.
(ACTION)
Body
BACKGROUND
The Mello-Roos Community Facilities Act of 1982 permits cities to establish a Community Facilities District (CFD) that allows for financing the construction of various public improvements and the provision of additional public safety and other City services. On an annual basis, the special tax levy is calculated according to the applicable Rate and Method of Apportionment adopted at the formation of the Community Facilities...

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