REPORT TO COUNCIL
SUBJECT
Title
Action on a Resolution of Intention to Establish Community Facilities District (CFD) 2019-1 (Lawrence Station) to finance certain Public Services
Report
BACKGROUND
On November 29, 2016, the City Council adopted the Lawrence Station Area Plan (a Specific Plan) and Environmental Impact Report, along with the associated General Plan and Zoning Ordinance Amendments. The SummerHill Housing Group Lawrence Station Project was approved on the same day (November 29, 2016).
The Lawrence Station Area Plan (Plan) features a transit-oriented development and provides needed public improvements and facilities for residents. During the planning process, the developers expressed an interest in building parkland improvements and other amenities that would be high quality, but unique and non-standard. Although City staff expressed enthusiasm about the proposed design features of the proposed parks and related improvements, City staff were concerned about the potential financial burden of maintaining the nonstandard improvements. To avoid this potential impact on the City's General Fund, the Plan indicated options for funding the long term maintenance of such improvements through a CFD, a land secured financing mechanism.
DISCUSSION
The City, working with a team of consultants, has begun the process of forming a community facilities district under California law, specifically the Mello-Roos Community Facilities Act of 1982, to finance certain public services within the Lawrence Station Area (LSA) development (Attachment 1). These services primarily include maintenance of roadways, parks, parking spaces and enforcement, landscaped parkways and medians, trails, and a community clubhouse and garden to be located within the development (Attachment 2). Once the proceedings are completed, the City will be authorized to levy an annual special tax to fund these services. If approved, the CFD will be effective in FY2019/20, and as funds are collected th...
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