AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 4/3/2019
TO: Honorable Mayor and City Council Members
FROM: Administrative Services Department
SUBJECT:
Title
City Council consideration of Resolution No. 2019-010, 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. 12).
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RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2019-010, 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. 12).
Body
ANALYSIS:
The proposed development is comprised of one parcel totaling 32 acres, located on the southwest corner of Rincon Street and Lincoln Avenue. Gross Acreage is approximately 35.50 acres, as shown in Exhibit "A" ("Subject Parcel") of the Resolution No. 2019-010. The developer proposes to construct three industrial building totaling 731,000 square feet on the Subject Parcel.
As a condition of approval for LLA 2018-003, the Subject Parcel is required to be annexed into Community Facilities District No. 2016-3 ("CFD No. 2016-3") in order to pay for the maintenance of master-planned lighting, streets and operation of storm drainage facilities in the area, the owners of the Subject Parcel, Corona Industrial Park, LLC have submitted a petition to the City requesting that the Subject Parcel be annexed to CFD No. 2016-3.
CFD No. 2016-3 was formed by the City Council on December 7, 2016 pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 ("Act"). The initial step in the process to annex the Subject Parcel to CFD No. 2016-3 is for the City Council to adopt Resolution No. 2019-010, which declares the City's intention to conduct proceedings for the proposed annexation and set the public heari...
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