February 4, 2025
TO: City Council
REQUESTED BY: Erika Gomez, Finance Director
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: CFD 2003-1 Annex 72 - Lennar T38202 ROI 4056
RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 4056, Resolution of Intention to Annex Territory, commonly known as Lennar's Canterwood Tract 38202, into Community Facilities District No. 2003-1, and Authorize the Levy of Special Taxes therein.
DISCUSSION:
The City Council and Planning Commission previously identified the need for additional funding for police protection, fire protection, and suppression services. This includes funding for increased service levels necessitated by new development within the city. In response, the City Council formed Community Facilities District 2003-1 (the "CFD") and approved the levy of special taxes therein. The City levies a special tax on eligible parcels within the CFD to mitigate the added cost of providing public safety services to new development.
The property owner(s) have submitted a Petition to annex into Community Facilities District No. 2003-1. Adoption of the Resolution of Intention is required to annex the territory into the CFD.
The Resolution of Intention approves the annexation boundaries -- commonly known as the site of Lennar Homes’ Canterwood residential development (181 SFR units) located north of Cottonwood Avenue, west of Marilyn Drive, east of N Lyon Avenue, and south of Monte Vista Middle School -- and sets the Public Hearing date for March 18, 2025, during a regularly scheduled meeting of the City Council.
A ballot will be mailed to the property owner(s) within the annexation territory to vote for or against the annexation.
FISCAL IMPACT:
The annexation of territory into CFD 2003-1 will assist in mitigating the cost of providing police protection, fire protection, and suppression services. In Fiscal Year 2024/2025, it is anticipated that the CFD will collect approximately $118,016 in special tax revenue based upon full project buildout.
ATTACHMENTS:
CFD 2003-1 Annex 72 - Resolution of Intention 4056
CFD 2003-1 Annex 72 - Exhibit B CFD 2003-1 - RMA
CFD 2003-1 Annex 72 - Boundary Map