AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 11/15/2017
TO: Honorable Mayor and City Council Members
FROM: Administrative Services Department
SUBJECT:
Title
City Council consideration to adopt Resolution No. 2017-116, 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. 5).
End
RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2017-116 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. 5).
Body
ANALYSIS:
CalAtlantic Group, Inc., a Delaware corporation ("Developer") is the owner of certain real property consisting of approximately 304.21 acres, which located generally south of Green River Road, beyond Calle Del Oro and west of Paseo Grande, legally described in Exhibit "A" attached hereto ("Property"). The Developer has agreed to annex the Property into 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 the Property.
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 to CFD No. 2016-1. The annexation of p...
Click here for full text