Report to Mayor and City Council
Tuesday, September 18, 2018
Discussion
SUBJECT:
Title
CONSIDER RESOLUTION NO. 18-083 DECLARING INTENTION TO ESTABLISH THE CITY OF CARSON COMMUNITY FACILITIES DISTRICT NO. 2018-01 (MAINTENANCE AND SERVICES) AND FUTURE VOLUNATARY ANNEXATION AREAS (CITY COUNCIL)
Body
I. SUMMARY
On August 7, 2018, the City entered into an agreement with NBS Government Finance Group ("NBS") for Community Facilities District(s) ("CFD") formation services. The proposed City-wide CFD will establish a mechanism for new multi-family residential with 5 or more units (Multi-Family Residential) and industrial projects to fund ongoing maintenance and services as may be required by their individual development agreements or conditions of approval. Existing developed properties will not be impacted. The annexation of individual projects to the City-wide CFD would be voluntary as one choice to mitigate the impacts of the development on municipal services.
The Mello-Roos Community Facilities Districts Act of 1982, as amended (Gov. Code ? 53311 et seq.) (the "Act") provides that before initiating a CFD proceeding, the City must adopt a statement of local goals and policies concerning the CFDs. The City adopted policies on April 17, 2012, therefore satisfying this requirement. The proposed CFD, below, meets all requirements of the City's adopted local goals and policies.
In order to form the City of Carson Community Facilities District No. 2018-01 (Maintenance and Services) ("CFD NO. 2018-01") and establish the future annexation area, the City must take a series of actions including adopting the Resolution of Intention to Establish CFD No. 2018-01 and Future Annexation Area (Exhibits No. 2, 2a, and 2b), which Resolution of Intention authorizes the recordation of CFD No. 2018-01 Boundary Map (Exhibit No. 2c), and sets November 7, 2018 for a public hearing to consider formation of CFD No. 2018-01, and calling for a special election pursuant to the Act.
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