December 3, 2024
TO: City Council
REQUESTED BY: Erika Gomez, Finance Director
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Ordinance No. 24-15 Second Reading - CFD 2003-1 Annex 71 DR Horton Serrano Pt Tract 38339
RECOMMENDATION:
Staff recommends that the City Council conduct the second reading and adopt Ordinance No. 24-15:
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF SAN JACINTO LEVYING A SPECIAL TAX
WITHIN CITY OF SAN JACINTO COMMUNITY
FACILITIES DISTRICT NO. 2003-1, INCLUDING
CERTAIN ANNEXATION TERRITORY
DISCUSSION:
At the October 15, 2024, City Council meeting, the City Council adopted Resolution No. 4045, declaring their intention to annex territory, commercial development known as Serrano Pt, into Community Facilities District 2003-1 (CFD 2003-1), based upon a petition from the property owners.
On November 19, 2024, the City Council held a public hearing and conducted the Special Annexation Landowner Election. Upon conducting the election, one affirmative vote was received from the property owner, and Annexation No. 71 was complete. The City Council also introduced Ordinance No. 24-15, authorizing the levy of special taxes in CFD 2003-1, including the newly annexed area. This second reading and adoption of Ordinance No. 24-15 is required to allow for the levy of special taxes related to this newly annexed area in the future.
FISCAL IMPACT:
The revenue received from the special tax will assist in offsetting the cost of increased police protection and fire protection, and suppression services necessitated by development of the annexed territory. As applicable, special taxes are collected and increased annually based on the percentage change in the Consumer Price Index, with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) per fiscal year thereafter. Failure to approve Ordinance 24-15 would result in the inability to collect the annual special taxes, and the public safety costs of the territory would have to be borne by the City’s General Fund.
ATTACHMENTS:
11-19-24 Staff Report
Ordinance 24-15