Public Hearing
CFD No. 2019-1, Annexation No. 28A - Tax Zone 29 Amendment:
TR 17329 (Verdemont Ranch 20, LLC)
Presented By: Spicer Consulting Group
Public Hearing on CFD 2019-1 Tax Zone 29 Amendment
Recommended Action
1. City Council initiate amendment of special tax rates to City of San Bernardino Community Facilities District No. 2019-1 (Maintenance Services) tax zone 29 ("CFD No. 2019-1" or "CFD") by taking the following actions:
a. Hold public hearing,
b. Adopt a Resolution calling the election,
c. Hold a special landowner election and canvass the election, d. Adopt a Resolution declaring results of special landowner election; and
2. Upon approval of the preceding resolutions, Introduce, read by title only, and waive further reading of Ordinance No. MC-____ amending Ordinance No MC-1522 and levying and apportioning the special tax in CFD No. 2019-1 (as it now exists and will exist in the future); and
3. Schedule the adoption of the Amended Ordinance for February 21, 2024.
Public Hearing on CFD 2019-1 Tax Zone 29 Amendment
Discussion
• The Property Owner, Verdemont Ranch 20, LLC, has requested the City assist them in amending the special taxes within CFD No. 2019-1 Tax Zone 29 to cover the additional costs associated with including additional slopes and open space with the maintenance of Public Improvements.
• The area proposed within Annexation No. 28A includes one (1) parcel, APN 0348-111-51.
• On December 6, 2023, the City Council adopted Resolution No. 2023- 178, a Resolution of Intention to amend the special tax rates of CFD No. 2019-1 Tax Zone 29 and hold a Public Hearing on January 17, 2024. The property owner consented to waiving certain time restriction and conduct the election the same night.
Public Hearing on CFD 2019-1 Tax Zone 29 Amendment
Discussion (Cont.)
• The proposed maximum annual tax of $595 per unit for Special Tax A will be included in CFD No. 2019-1 as Tax Zone 29.
• The maximum annual tax is proposed to escalate each year at the greater of Consumer Price Index (CPI) or 2%.
Public Hearing on CFD 2019-1 Tax Zone 29 Amendment
Discussion (Cont.)
• The services, which may be funded with proceeds of the special tax include:
• All costs attributable to maintenance of median landscaping and other public improvements installed within the public rights-of-way
• Public lighting including streetlights and traffic signals, • Maintenance of streets, including pavement management, and street sweeping, • Maintenance and operation of water quality improvements including storm drainage and flood protection facilities
• In addition to the costs of the forgoing services, proceeds of the special tax may be expended to pay administrative expenses and for the collection of reserve funds.
Project Location
Public Hearing on CFD 2019-1 Tax Zone 29 Amendment
Fiscal Impact
• It is anticipated that at build-out the total Special Tax A revenues to pay for maintenance costs will be approximately $11,901. All costs associated with the annexation is borne by the Developer. There is no fiscal impact to the City’s General Fund.
Questions?