REQUEST FOR CITY COUNCIL ACTION
DATE: 03/15/2023
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
RESOLUTION CERTIFYING THE RESULTS OF AN ELECTION AND ADDING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) OF THE CITY OF CORONA (ANNEXATION NO. 22)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to adopt Resolution No. 2023-019 certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 22).
RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2023-019, certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 22).
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BACKGROUND & HISTORY:
Community Facilities District No. 2016-1 (Public Services) ("CFD No. 2016-1" or "District") was formed by the City Council on March 2, 2016 pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 ("Act"), for the purpose of providing Public Services within and in the area of the District. As part of the formation process and in accordance with the Act, the City Council also established an area designated as the "Future Annexation Area" for CFD No. 2016-1. Further, authorization was provided for the annexation of parcels within the Future Annexation Area to CFD No. 2016-1. This would be accomplished upon the unanimous approval and election of the owner(s) of any such parcel authorizing the levy of special taxes upon said parcel and adoption of a resolution by the City Council certifying the results of an election annexing said parcel to CFD No. 2016-1. The annexation of parcels within the Future Annexation Area can be accomplished without any further public hearings or additional proceedings.
ANALYSIS:
Corona 4 Land, LLC, a California limited liability company ("Owner") is the owner ...
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