RESOLUTION NO. __________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ADOPTING LOCAL GOALS AND POLICIES RELATING TO COMMUNITY FACILITIES DISTRICTS WHEREAS, the City of Commerce (the “City”) is a municipal corporation and a general law city that is duly organized and existing under and pursuant to the Constitution and laws of the State of California; and WHEREAS, the City desires to form one or more community facilities districts pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”) to finance certain facilities authorized under the Act; and WHEREAS, pursuant to Section 53312.7 of the Act, the City must adopt local goals and policies relating to the use of the Act to finance facilities prior to initiating proceedings to form a community facilities district; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Commerce as follows:
Section 1. Each of the above recitals is true and correct.
Section 2. The “Local Goals and Policies for all Community Facilities Districts of the City of Commerce” in the form presented at this meeting (the “Policies”) are hereby approved. The Policies may be amended from time to time by the City Council as necessary to comply with legal requirements or as otherwise desired by the City Council.
Section 3. The Mayor, any member of the City Council, the City Attorney, the City Manager, and other members of City staff, are hereby directed and authorized to take all actions necessary to comply with the Policies.
Section 4. This Resolution shall be effective upon its adoption.
IT IS HEREBY CERTIFIED that the City Council of the City of Commerce duly introduced and regularly adopted the foregoing resolution at a special meeting held on September 22, 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
__________________________ Kevin Lainez, Mayor
ATTEST:
__________________________
Eduardo Sarmiento
City Clerk
4909-8924-1518v3/022053-0008
4909-8924-1518v3/022053-0008
Stradling Yocca Carlson & Rauth
Draft dated September 2, 2026