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. 2017-016, calling special election, and Resolution No. 2017-017, declaring results of the special election for Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona on the proposition of the annual levy of special taxes within the territory proposed to be annexed (Annexation No. 1).
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Adopt Resolution No. 2017-016 calling special election and submitting to the qualified electors of territory proposed to be annexed to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona the question of levying special taxes within the territory proposed to be annexed (Annexation No. 1).
2. Adopt Resolution No. 2017-017 declaring the results of the special election for Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona on the proposition of the annual levy of special taxes within the territory proposed to be annexed to said Community Facilities District to pay the costs of certain services to be provided by the Community Facilities District, determining that the territory proposed to be annexed is added to and part of said Community Facilities District with full legal effect (Annexation No. 1).
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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. 2016-3 ("CFD 2016-3") for the purpose of financing the maintenanc...
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