REQUEST FOR CITY COUNCIL ACTION
DATE: 08/03/2022
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
Resolution levying special taxes to be collected during Fiscal Year 2023 for the City's Community Facilities District No. 2016-3 (Maintenance Services), Zone 31.
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EXECUTIVE SUMMARY:
The City Council will consider adopting the recommended resolution which will allow the City to levy and collect Fiscal Year 2023 special taxes for the City's Community Facilities District No. 2016-3 (Maintenance Services), Zone 31.
RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2022-105, levying special taxes to be collected during Fiscal Year 2023 for the payment of the annual cost of maintenance services within Community Facilities District No. 2016-3 (Maintenance Services), Zone 31.
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BACKGROUND & HISTORY:
Pursuant to the Mello-Roos Community Facilities Act of 1982, the Community Facilities District (the "District") listed under the Recommended Action section was formed to levy special taxes for the payment of the annual cost of, but not limited to, maintenance and lighting of parks, parkways, streets, roads, and open space, maintenance and operation of water quality improvements, maintenance and operation of traffic signals, public street sweeping (the "Services"), and reserve funds for replacement of improvements within the District and the surrounding areas, and for the payment of administrative expenses incurred in connection with the levy and collection of said special taxes.
ANALYSIS:
It is necessary that the City Council levy special taxes for the payment of the annual costs of the Services within the District, pursuant to Section 53340 of the Government Code. Special taxes within the District are levied in an amount necessary to satisfy the Operation and Maintenance Special Tax Requirement, as defined in the District's Rate and Method of Apportionment (the "RMA"). Any necessary r...
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