Agenda Item #13.2
For Council Meeting of: September 9, 2025
CITY OF SANTA ROSA
CITY COUNCIL
TO: MAYOR AND CITY COUNCIL
FROM: SCOTT WAGNER, DEPUTY DIRECTOR OF FINANCE DEPARTMENT SUBJECT: FOUNTAINGROVE PARKWAY EXTENSION ASSESSMENT DISTRICT CLOSEOUT AGENDA ACTION: RESOLUTION
RECOMMENDATION
The Finance Department recommends that the Council, by resolution: 1) recognize that the Fountaingrove Parkway Assessment District’s purpose has been accomplished; 2) declare no remaining balance in the Redemption Fund of the District; 3) approve the Closeout Analysis Report; and 4) dissolve the Fountaingrove Parkway Assessment District. This item has no fiscal impact to the City.
EXECUTIVE SUMMARY
This item recognizes that the District’s purpose has been accomplished and dissolves the District. This project has been fully completed and all debt associated with the District was retired as of September 2, 2019.
GOAL
This item relates to Council Goal #1 - Achieve and Maintain Budgeting Excellence and Fiscal Stability. This item ensures City staff maintain accurate records related to the City’s assessment districts.
BACKGROUND/PRIOR COUNCIL REVIEW
In 1992, City Council adopted Resolution 20981 to make acquisitions, improvements and issue bonds for the Fountaingrove Parkway Extension Assessment District.
In 1994, the City issued $16,725,000 in bonds used to construct an extension of Fountaingrove Parkway, storm drains, sewer and water facilities. The bonds were refunded twice in 1999 and then 2011 with the final bonds paid in September of 2019. The District was comprised of parcels in the Fountaingrove area that paid the annual debt service on the bonds through an assessment levied onto annual property taxes.
In February of 2021 the City’s Financial Advisor NBS prepared the District Closeout Analysis report, where the City confirmed that the project was complete, and all remaining debt associated with the bonds had been retired.
ANALYSIS
Once an assessment district has served its purpose, it's recommended by the consultant (NBS) and staff that the City Council formally dissolve it. This Council action acknowledges that the district's goals have been met and provides a formal record for any future needs.
Due to the completion of all project aspects, the existing Fountaingrove District is no longer applicable, and any future district formation would necessitate a new process.
Due to the full repayment of bonds associated with the former District five years ago, properties previously included in the District no longer carry related liens. This action, therefore, has no impact on current property owners.
FISCAL IMPACT
Approval of this action does not have a fiscal impact on the General Fund.
ENVIRONMENTAL IMPACT
Pursuant to CEQA Guidelines Section 15378, the recommended action is not a “project” subject to the California Environmental Quality Act (CEQA) because it does not have a potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. In the alternative, the recommended action is exempt from CEQA pursuant to CEQA Guidelines section 15061(b)(3) because it can be seen with certainty that there is no possibility that the recommended action may have a significant effect on the environment.
BOARD/COMMISSION/COMMITTEE REVIEW AND RECOMMENDATIONS
Not applicable.
NOTIFICATION
Not applicable.
ATTACHMENTS
Attachment 1 – NBS Closeout Analysis Report
Attachment 2 – Fountaingrove Parkway Extension Assessment District Final Engineer’s Report Resolution
PRESENTER(S)
Scott Wagner, Deputy Director of Finance Department
FOUNTAINGROVE ASSESSMENT DISTRICT DISSOLUTION
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