Public Hearing
CFD No. 2019-1 Annexation No. 37:
TR 18895 (MV RE Holdings LLC)
Presented By: Shane Spicer, Spicer Consulting Group
Public Hearing on CFD 2019-1 Annexation No. 37
Recommended Action:
1. City Council initiate annexation of territory to City of San Bernardino Community Facilities District No. 2019-1 (Maintenance Services) ("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 April 17, 2024.
Public Hearing on CFD 2019-1 Annexation No. 37
Discussion:
• The Property Owner, MV RE Holdings LLC, has requested the City assist them in annexing territory into CFD No. 2019-1 to cover the costs associated with the maintenance of Public Improvements.
• The area proposed within Annexation No. 37 includes twelve (12) parcels, APNs 0142-621-13 thru 0142-621-24.
• On February 21, 2024, the City Council adopted Resolution No. 2024-030, a Resolution of Intention to annex these properties into CFD No. 2019-1 and hold a Public Hearing on April 3, 2024. The property owner consented to waiving certain time restriction and conduct the election the same night. The proposed maximum annual tax of $706 per unit for Special Tax A will be included in CFD No. 2019-1 as Tax Zone 38.
• 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 Annexation No. 37
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 street-lights 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 Annexation No. 37
Fiscal Impact:
• It is anticipated that at build-out the total Special Tax A revenues to pay for maintenance costs will be approximately $8,471. All costs associated with the annexation is borne by the Developer. There is no fiscal impact to the City’s General Fund.
Questions?