REQUEST FOR CITY COUNCIL ACTION
DATE: 03/02/2022
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
Resolution declaring the City's intention to annex territory to Community Facilities District No. 2016-3 (Maintenance Services) and adopting a map of the area proposed to be annexed thereto (Annexation No. 32).
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EXECUTIVE SUMMARY:
The property owner requests annexation into the City's Community Facilities District No. 2016-3 (Maintenance Services) to provide maintenance services for public facilities within and for the benefit of the proposed development.
RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2022-017, declaring intention to annex territory to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona, and adopting a map of the area proposed to be annexed thereto (Annexation No. 32).
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BACKGROUND & HISTORY:
On December 7, 2016, the City Council approved Resolution No. 2016-112 establishing Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona ("CFD No. 2016-3" or "District") for the purpose of levying special taxes on parcels of taxable property to provide certain services which are necessary to meet increased demands placed upon the City.
Development projects are subject to conditions of approval that require projects to form or annex into a maintenance district. These districts apply an annual fee or special tax upon properties within the District, which provide the revenue to offset the cost of maintenance of the public improvements necessary to serve the development.
ANALYSIS:
AVMGH II Limited Partnership, a Nevada limited partnership ("Owner") has submitted a Petition to the City requesting that Assessment Parcel Numbers 107-070-078, 107-070-079, 107-070-083, 107-070-084 and 107-070-085 be annexed to CFD No. 2016-3. The Petition, including the waiver and consent by the Owner, is on file in the...
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