Public Hearing
CFD No. 2019-1 Annexation No. 44:
PM 18704 (Paladin Equity SB LLC)
Presented By: Spicer Consulting Group
Public Hearing on CFD 2019-1 Annexation No. 44
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 July 17, 2024.
Public Hearing on CFD 2019-1 Annexation No. 44
Discussion:
• The Property Owner, Paladin Equity SB 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 proposed project will include a four-story extended stay hotel with one-hundred fourteen (114) rooms with a gross building area of approximately 57,830 square feet. The development was fully approved on August 29, 2023.
• The area proposed within Annexation No. 44 includes one (1) parcel, APN 0281-361-28. • On April 17, 2024 the City Council adopted Resolution No. 2024-069, a Resolution of Intention to annex these properties into CFD No. 2019-1 and hold a Public Hearing on June 5, 2024. The property owner consented to waiving certain time restriction and conduct the election the same night. The proposed maximum annual tax of $1,672 per acre for Special Tax A will be included in CFD No. 2019-1 as Tax Zone 44.
• 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. 44
Discussion (Cont.):
• The services, which may be funded with proceeds of the special tax include but are not limited to:
• 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
• The property is located north of E. Harriman Place, immediately north of 898 E. Harriman Place • Ward: Third Ward
Public Hearing on CFD 2019-1 Annexation No. 44
Fiscal Impact:
• It is anticipated that at build-out the total Special Tax A revenues to pay for maintenance costs will be approximately $2,875. All costs associated with the annexation is borne by the Developer. There is no fiscal impact to the City’s General Fund.
Questions?