Resolution No.
STOCKTON CITY COUNCIL
A RESOLUTION APPROVING THE DRAFT MOSSDALE TRACT ENHANCED INFRACTURE FINANCING DISTRICT FINANCING PLAN AND AUTHORIZING CERTAIN OTHER ACTIONS RELATED THERETO Pursuant to Resolution No. R-22-5019 adopted on January 13, 2022 (the “Resolution of Intention”), the City Council of the City of Lathrop (the “City of Lathrop”), (i) initiated the process to establish the Mossdale Tract Enhanced Infrastructure Financing District (the “EIFD”) to finance certain public and other specified facilities, (ii) approved the establishment of the EIFD’s Public Financing Authority (the “Authority”), to be responsible for directing the preparation and implementation of the infrastructure financing plan (the “Infrastructure Financing Plan”), (iii) approved the preparation and distribution of the Infrastructure Financing Plan in accordance with Chapter 2.99 of Part 1 of Division 2 of Title 5 of the California Government Code (commencing with Section 53398.50) (the “EIFD Law”), and (iv) fixed the time and place when and where the Authority would conduct its first public hearing on the proposed establishment of the EIFD and the Infrastructure Financing Plan; and Pursuant to the Resolution of Intention and in accordance with the EIFD Law, the City of Lathrop directed the Authority to request the assistance of necessary San Joaquin County (“County”) staff, San Joaquin Area Flood Control Agency (“SJAFCA”) staff, and other professionals to prepare the Infrastructure Financing Plan, and the Infrastructure Financing Plan was thereafter prepared and distributed in accordance with EIFD Law; and Pursuant to Resolution No. 2022-02-08-1502 adopted by the City Council (the “City Council”) of the City of Stockton (the “City”) on February 8, 2022, the City agreed to participate in the proposed EIFD as a taxing entity pending approval of the Infrastructure Financing Plan by the City Council; and In accordance with the EIFD Law, the Authority conducted the first public hearing on the proposed establishment of the EIFD and the Infrastructure Financing Plan on April 21, 2022, and the second public hearing on May 26, 2022; and In accordance with the EIFD Law, the Authority is scheduled to conduct its third public hearing on the proposed establishment of the EIFD and the Infrastructure Financing Plan on July 21, 2022; and The draft Infrastructure Financing Plan, which is incorporated herein by reference and which is on file in the office of the City Clerk, has been presented to the City Council of the City of Stockton for its review and approval, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:
The foregoing recitals are true and correct.
2. The City Council hereby approves the draft Infrastructure Financing Plan as presented at this meeting and authorizes City staff to file a copy of this Resolution with the Authority at or prior to the Authority’s public hearing on July 21, 2022.
3. The City Council hereby authorizes the City Manager to provide the certifications required by Government Code section 53398.54 in the manner and time required therein.
4. This Resolution shall take effect from and after its adoption.
5. If any section, subsection, phrase, or clause of this Resolution is for any reason found to be invalid, such section, subsection, phrase or clause shall be severed from, and shall not affect the validity of, all remaining portions of this Resolution that can be given effect without the severed portion.
6. The City Manager is hereby authorized and directed to take all actions necessary or advisable to give effect to the transactions contemplated by this Resolution. Any actions heretofore taken, on behalf of the City, that is in conformity with the purposes and intent of this Resolution and with the provisions of the EIFD Law with respect to the proposed EIFD, are hereby approved and confirmed.
PASSED, APPROVED, and ADOPTED June 14, 2022 .
KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:
ELIZA R. GARZA, CMC
City Clerk of the City of Stockton