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RESOLUTION NO. 2022-01
A RESOLUTION OF THE WEST PATTERSON FINANCING AUTHORITY
APPROVING A JOINT COMMUNITY FACILITIES AGREEMENT
WITH THE PATTERSON JOINT UNIFIED SCHOOL DISTRICT
FOR COMMUNITY FACILITIES DISTRICT 2018-1
WHEREAS, on December 12, 2006, the City of Patterson (“City”) adopted Resolution No. 2006-122 approving a Final Development Plan and other entitlements for the project known as the “Villages of Patterson”, which is comprised of approximately 692 acres located south of Eucalyptus Avenue, east of State Highway 33, west of Sycamore Avenue and north of Walnut Avenue; and
WHEREAS, on December 19, 2006, the City adopted Ordinance No. 681, which approved a Development Agreement that applies to properties within the Villages of Patterson. On October 15, 2018, the City approved an Operating Memorandum memorializing certain revisions to implement and update the 2006 Development Agreement (collectively, the “Development Agreement”); and
WHEREAS, on October 16, 2018, the City Council, acting as the Board of Directors of the West Patterson Financing Authority (the “Authority”), formed Community Facilities District 2018-1 (“CFD 2018-1”) to finance certain public improvements and facilities for the buildout of the Villages of Patterson, pursuant to the Mello-Roos Community Facilities Act of 1982 (Gov.
Code, § 53311 et seq.) (“Mello-Roos Act”); and
WHEREAS, the Authority has issued, and it is anticipated that the Authority will issue in the future, for and on behalf of CFD 2018-1, one or more series of bonds, secured by special taxes to be levied on non-exempt property within the boundaries of CFD 2018-1; and WHEREAS, the public facilities to be financed under CFD 2018-1 include certain facilities to be owned and operated by the Patterson Joint Unified School District (“School District”); and
WHEREAS, pursuant to Government Code section 53316.2, as the public agency that formed CFD 2018-1, the Authority must enter into a Joint Community Facilities Agreement with the School District to transfer any funds generated by CFD 2018-1 to the School District that will finance the construction of new school facilities; and
WHEREAS, the Authority and the School District have determined that it would be of benefit to the residents of each of their respective jurisdictions to enter into the attached Joint Community Facilities Agreement so the Authority can provide for the financing of the school facilities for the Villages of Patterson through CFD 2018-1; and WHEREAS, the purpose of this Resolution is to approve the attached Joint Community Facilities Agreement and provide for the construction of school facilities for the Villages of {CW114767.3}
Patterson, in accordance with the requirements of the Mello-Roos Act.
NOW,THEREFORE, BE IT RESOLVED by the West Patterson Financing Authority that the Executive Director of CFD 2018-1 is hereby authorized to execute the Joint Community Facilities Agreement between the West Patterson Financing Authority and the School District (attached hereto as Exhibit A), to make any changes as the Executive Director may deem appropriate or necessary subject to the approval of the City Attorney, and to take all actions necessary and incidental to accomplish the purposes of this Resolution.
PASSED AND ADOPTED by the Board of Directors of the West Patterson Financing Authority on the 19th DAY of July 2022, by the following roll call vote:
AYES:
NOES:
EXCUSED:
APPROVED:
Dennis McCord, Chair
ATTEST:
Aracely Alegre, Secretary
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I hereby certify that the foregoing is a full, correct and true copy of a resolution passed by the West Patterson Financing Authority Board of Directors of the City of Patterson, Municipal Corporation of the County of Stanislaus, State of California, at a meeting held on the 19th day of July 2022, and I further certify that said resolution is in full force and effect and has never been rescinded or modified.
DATED:
____________________________________
Secretary of the West Patterson Financing
Authority Board of Directors of the City of
Patterson
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EXHIBIT A
Joint Community Facilities Agreement
Relating to West Patterson Financing Authority Community Facilities District No. 2018-1 (Patterson Joint Unified School District and West Patterson Financing Authority)