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RESOLUTION NO. 2026-____
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, DECLARING THE NECESSITY
TO INCUR A BONDED INDEBTEDNESS ON BEHALF OF
EACH IMPROVEMENT AREA OF COMMUNITY FACILITIES
DISTRICT NO. 2025-1 (VILLAGE 8 EAST ) OF THE CITY OF
CHULA VISTA, COUNTY OF SAN DIEGO, STATE OF
CALIFORNIA, TO BE SECURED BY SPECIAL TAXES
LEVIED THEREIN TO PAY FOR THE ACQUISITION OR
CONSTRUCTION OF CERTAIN PUBLIC FACILITIES
WHEREAS, the City Council (“City Council”) of the City of Chula Vista, California (“City”), has initiated proceedings to create a community facilities district pursuant to the terms and provisions of the “Mello-Roos Community Facilities Act of 1982,” being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (“Act”) and the City of Chula Vista Community Facilities District Ordinance No. 2730, as amended , enacted pursuant to the powers reserved by the City under Sections 3, 5 and 7 of Article XI of the Constitution of the State of California (“Ordinance”) (the Act and the Ordinance may be referred to collectively as the “Community Facilities District Law”) to finance the acquisition or constr uction of certain authorized facilities described in Exhibit “A” attached hereto and incorporated herein by this reference (the “Facilities”), and to pay debt service on outstanding debt in connection with such facilities; and
WHEREAS, the proposed community facilities district shall hereinafter be referred to as Community Facilities District No. 2025-1 (Village 8 East) of the City of Chula Vista, County of San Diego, State of California (“District”); and
WHEREAS, HomeFed Corporation, the owners of certain real property within the City (“Owner”) have requested that in establishing the proposed District, the City Council designate two (2) separate improvement areas over portions of the property to be included therein (each an “Improvement Area” and, collectively, the “Improvement Areas”) so that special taxes may be levied within each Improvement Area to finance the Facilities and to secure a separate series of the bonds on behalf of each Improvement Area; and
WHEREAS, pursuant to Sectio n 53350 of the Act, the City Council may, by resolution, designate a portion or portions of a community facilities district as one or more improvement areas for the financing of, or contribution to the financing of, specified public facilities and which wi ll be subject to the levy and payment of special taxes to pay the principal of and interest on the bonds of the community facilities district which may be issued and sold to finance the design, construction, and acquisition of such public facilities; and
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WHEREAS, upon the designation of such an improvement area, all proceedings for purposes of a bond election and for the purpose of levying special taxes for payment of the bonds shall apply only to the improvement area; and
WHEREAS, it is, therefore, neces sary and desirable that separate Improvement Areas be designated to include specific portions of the property to be included in the proposed District so that the property included in each such Improvement Area will be responsible only for the payment of special taxes which will be levied therein to finance Facilities and to pay principal of and interest on the bonds to finance such Facilities which will be secured by the special taxes in such Improvement Area; and
WHEREAS, it is the intention of this legislative body to finance the acquisition or construction of all or a portion of such Facilities through the issuance of bonds by each Improvement Area of the District, such bonds to be secured by special taxes to be levied on taxable property within each Improvement Area of the District , all as authorized pursuant to the Community Facilities District Law.
NOW, THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of Chula Vista declares the necessity to incur a bonded indebtedness on behalf of each improvement area of Community Facilities District No. 2025-1 (Village 8 East ) of the City of Chula Vista, County of San Diego, State of California, to be secured by special taxes levied therein to pay for the acquisition or construction of certain public facilities and that the above recitals are all true and correct and are incorporated herein by this reference.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that this City Council declares that the public convenience and necessity requires that a bonded indebtedness be incurred by each Improvement Area of the District to contribute to the financing of all or a portion of the Facilities.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that in order to finance the costs of the Facilities, it is necessary for each Improvement Area of the District to incur bonded indebtedness in one or more series in the maximum aggregate principal amount as follows: (i) for Imp rovement Area No. 1, $ 50,000,000 and (ii) for Impro vement Area No. 2, $75,000,000. Indebtedness subject to the authorization shall only include indebtedness evidenced by bonds or notes and shall not include bonds described in Section 53364.2(e) of the Act. Pursuant to Section 53350 of the California Government Code, all proceedings for purposes of authorizing the bonded indebtedness for each Improvement Area and for the purpose of levying special taxes for the payment of the principal of and i nterest on the bonds which may be issued and sold to represent such bonded indebtedness and to finance the design, construction, and acquisition of Facilities shall be conducted separate by each Improvement Area. The amount of the bonded indebtedness of each Improvement Area of the District may include all costs and estimated costs incidental to, or connected with, the accomplishment of the purpose for which the indebtedness is proposed to be incurred as authorized pursuant to the Act.
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BE IT FURTHER RESOLV ED by the City Council of the City of Chula Vista that the purpose for the proposed debt of the District is to contribute to the financing of the acquisition or construction of the Facilities.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that notice of a public hearing shall be given in substantially the following form:
NOTICE IS GIVEN THAT ON SEPTEMBER 1, 2026, AT THE HOUR OF 5:00 P.M. IN THE
REGULAR MEETING PLACE OF THE LEGISLATIVE BODY, BEING THE COUNCIL CHAMBERS, CITY HALL, L OCATED AT 276 FOURTH STREET, CHULA VISTA, CALIFORNIA 91910, A HEARING WILL BE HELD ON THE INTENTION OF THIS
LEGISLATIVE BODY TO INCUR A BONDED INDEBTEDNESS OF THE DISTRICT TO
CONTRIBUTE TO THE FINANCING OF THE FACILITIES, SUCH INDEBTEDNESS TO BE SECURED BY THE LEVY OF SPECIAL TAXES WITHIN THE DISTRICT. AT THE TIM E
AND PLACE FIXED FOR SAID PUBLIC HEARING ANY PERSONS INTERESTED,
INCLUDING PERSONS OWNING PROPERTY WITHIN THE DISTRICT, MAY APPEAR
AND PRESENT ANY MATTERS RELATING TO THE PROPOSED INTENTION AND
NECESSITY FOR INCURRING A BONDED INDEBTEDNESS OF THE DISTRICT SUCH
INDEBTEDNESS WHICH WILL CONTRIBUTE TO THE FINANCING OF ALL OR A
PORTION OF THE FACILITIES AND WHICH WILL BE SECURED BY A SPECIAL TAX TO BE LEVIED THEREIN.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that the City Clerk shall publish a notice of the time and place of said hearing pursuant to Section 53346 of the Government Code and may also give notice of the time and place of said hearing by first -class mail to each registered voter and to each landowner within each Improvement Area of the District.
[SIGNATURES ON THE FOLLOWING PAGE]
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Presented by: Approved as to form by:
Roy Sapa’u Marco A. Verdugo
Deputy City Manager/ City Attorney
Development Services Director
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 28th day of July 2026, by the following vote:
AYES: Councilmembers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
John McCann, Mayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2026-____ was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 28th day of July 2026.
Executed this 28th day of July 2026.
Kerry K. Bigelow, MMC, City Clerk
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A-1
EXHIBIT “A”
DESCRIPTION OF PUBLIC FACILITIES
COMMUNITY FACILITIES DISTRICT NO. 2025-1 (VILLAGE 8 EAST),
CITY OF CHULA VISTA, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA The public facilities (“Facilities”) authorized to be financed by the levy of special taxes within each Improvement Area of the proposed Community Facilities District No. 2025-1 (Village 8 East) (“District”) include but are not limited to:
(a) Street and transportation improvements including parking, rights of way, curbs and gutters, and other improvements relating thereto; park acquisition and improvements; sewer improvements, including collection, transportation, treatment and sewer disposal; and general civic facilities such as civic center, police, fire suppression, library, corporation yard, and public recreation; and
(b) The incidental expenses proposed to be incurred are: (i) the cost of planning and designing the public facilities and the cost of environmenta l evaluations thereof, (ii) all costs associated with the formation of the proposed District, the issuance of the bonds thereof, the determination of the amount of and collection of special taxes, the payment of special taxes, and costs otherwise incurred in order to carry out the authorized purposes of the proposed District, and (iii) any other expenses incidental to the construction, completion, and inspection of the public Facilities.