Title
RESOLUTION NO. 2017-126 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DECLARING THE REMAINING FUNDS IN REASSESSMENT DISTRICT NO. 2005-01 AS SURPLUS, ORDERING THE DISPOSITION OF SURPLUS AMOUNTS, APPROVING THE ASSESSMENT DISTRICT CLOSEOUT ANALYSIS AND FINDINGS REPORT PREPARED BY NBS FOR REASSESSMENT DISTRICT NO. 2005-1, APPROVING THE DISTRIBUTION OF $533,079 OF REASSESSMENT DISTRICT NO. 2005-01 FUNDS FOR REFUNDING TO ELIGIBLE PROPERTY OWNERS, AMENDING THE FISCAL YEAR 2017/2018 OPERATING AND CIP BUDGET AND ESTABLISHING A NEW CIP PROJECT "RANCHO DEL REY PAVEMENT REHABILITATION (STL-429)" AND APPROPRIATING $306,950 OF ASSESSMENT DISTRICT NO. 87-1/ ASSESSMENT DISTRICT NO. 88-2 IMPROVEMENT FUNDS TO CIP STL429 (4/5 VOTE REQUIRED)
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RECOMMENDED ACTION
Recommended Action
Council adopt the resolution.
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SUMMARY
Assessment Districts were formed in the Rancho Del Rey area of the city to finance improvements needed as part of the subdivision. This work was completed, payment of all principal and interest due on the Refunding Bonds has been satisfied and surplus funds exist. Since the surplus funds can be used for maintenance of improvements, staff recommends creating a new capital improvement project "Rancho Del Rey Pavement Rehabilitation (STL-429)" for purposes of maintaining improvements completed in the benefited area until all funds are exhausted.
ENVIRONMENTAL REVIEW
Environmental Notice
Environmental Notice
The Project qualifies for a Class 1(c) Categorical Exemption pursuant to Section 15301 (Existing Facilities) of the California Environmental Quality Act State Guidelines.
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Environmental Determination
The Director of Development Services has reviewed the proposed project for compliance with the California Environmental Quality Act (CEQA) and has determined that the project qualifies for a Class 1(c) Categorical Exemption pursuant to Section 15301 (Existing Facilities) of the State CEQA Guidelines. Thus, no further environmental review i...
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