AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 4/5/2017
TO: Honorable Mayor and City Council Members
FROM: Administrative Services Department
SUBJECT:
Title
City Council consideration to adopt Resolution No. 2017-015, 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. 2).
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RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2017-015 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. 2).
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ANALYSIS:
LCG Harrington, LLC, a Delaware limited liability company ("Owner") is the owner of certain real property located at the southeast corner of North Lincoln Avenue and Harrington Street, identified as Assessor Parcel Numbers 119-190-022, 119-190-025, and 119-190-029 ("Property"). In connection with the City's approval of Tract Map No. 36427, the Owner has agreed to annex the Property to Community Facilities District No. 2016-1 ("CFD 2016-1") for the purpose of financing police protection services (including but not limited to criminal justice services), fire protection and suppression services, and paramedic services ("Public Services") within the area of CFD 2016-1, which is necessary to serve new development within Tract 36427.
CFD 2016-1 was formed by the City Council on March 2, 2016 pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 ("Act"). 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 2016-1 and authorized the annexation of parcels within the Future Annexation Area to CFD No. 2016-1 upon the unanimous approval and election of the owner(s) of any such parcel authorizing the levy of special taxes upon such parcel following the annexation of such parcel t...
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