city of Chula Vista

File #: 16-0275    Name: Formation of an Infrastructure CFD for Millenia
Type: Consent Item Status: Passed
In control: City Council
On agenda: 8/2/2016 Final action: 8/2/2016
Title: A. RESOLUTION NO. 2016-153 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING A MAP SHOWING THE BOUNDARIES OF THE TERRITORY PROPOSED TO BE INCLUDED IN COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) AND THE IMPROVEMENT AREAS THEREIN B. RESOLUTION NO. 2016-154 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DECLARING ITS INTENTION TO ESTABLISH COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) AND DESIGNATE TWO IMPROVEMENT AREAS THEREIN TO AUTHORIZE THE LEVY OF A SPECIAL TAX THEREIN TO FINANCE THE ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC FACILITIES C. RESOLUTION NO. 2016-155 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DECLARING THE NECESSITY TO INCUR A BONDED INDEBTEDNESS OF COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) FOR IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 THEREIN TO BE SECURED BY SPECIAL TAXES LEVIED WITHIN EACH RESPECTIVE IMPROVEMENT AREA TO PAY FOR THE ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC FACILITIES
Attachments: 1. Item 4 - Attachment #1 - Boundary Map, 2. Item 4 - Attachment #2 - Tax Spread & Bond Sizing Analysis IA 1 & 2, 3. Item 4 - Attachment # 3 - Facilities List, 4. Item 4 - Attachment # 4 - RMA IA 1 & 2, 5. Item 4 - Resolution A, 6. Item 4 - Resolution B, 7. Item 4 - Resolution C
Title
A. RESOLUTION NO. 2016-153 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING A MAP SHOWING THE BOUNDARIES OF THE TERRITORY PROPOSED TO BE INCLUDED IN COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) AND THE IMPROVEMENT AREAS THEREIN

B. RESOLUTION NO. 2016-154 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DECLARING ITS INTENTION TO ESTABLISH COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) AND DESIGNATE TWO IMPROVEMENT AREAS THEREIN TO AUTHORIZE THE LEVY OF A SPECIAL TAX THEREIN TO FINANCE THE ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC FACILITIES



C. RESOLUTION NO. 2016-155 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DECLARING THE NECESSITY TO INCUR A BONDED INDEBTEDNESS OF COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) FOR IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 THEREIN TO BE SECURED BY SPECIAL TAXES LEVIED WITHIN EACH RESPECTIVE IMPROVEMENT AREA TO PAY FOR THE ACQUISITION OR CONSTRUCTION OF CERTAIN PUBLIC FACILITIES

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RECOMMENDED ACTION
Recommended Action
Council adopt the resolutions.

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SUMMARY
SLF IV - Millenia, LLC has requested the City to initiate proceedings to form a Community Facilities District No. 16-I ("CFD No. 16-I" or "District") for the acquisition or construction of certain public facilities serving property within the Millenia master planned community. Tonight's action will (a) declare the intention of the City Council to: (i) establish such a Community Facilities District and designate two improvement areas therein, (ii) authorize the levy of special taxes within such Community Facilities District pursuant to the proposed rate and method of apportionment for each improvement area of the Community Facilities District and (iii) declare the necessity of such Community Facilities District to incur a bonded indebtedness for each improvement area secured by special taxes levied within each respective improvement area, (b) adopt a boundary map of the Community Facilities District and the improveme...

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