For City Council Meeting [June 9, 2020]
TO: Honorable City Council
APPROVAL: Rod Foster, City Manager
FROM: Matt Schneider, Community Development Director
Title
Request City Council consider Adoption of (1) Resolution No. 7631 Declaring Its Intention to Annex Territory (Bella Villagio and Santiago) to Community Facilities District No. 2016-1 (Public Services) and includes a Boundary Map showing the proposed territory, the Rate and Method of Apportionment and sets a Public Hearing for July 14, 2020.
(ACTION)
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) that allows for financing public improvements and services.
On September 27, 2016, the City Council approved Resolution No. 7003, a Resolution of Intention to Establish Community Facilities District 2016-1 ("CFD 2016-1"). On November 22, 2016 by Resolution 7031, the City Council established CFD 2016-1, a Mello Roos Community Facilities District with the intention that future development within the City of Rialto ("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.
Since the formation of the CFD 2016-1 three residential projects have been annexed: Serrano Place by RC Hobbs, Adams Grove by Crestwood Communities (Annexation No. 1), and most recently Etiwanda Homes by 642 N. Linden LLC (Annexation No. 2).
ANALYSIS/DISCUSSION
The Properties
There are two residential developments that are proposed to be part of proposed Annexation...
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