Report Prepared by: Julie Nelson, Senior Planner, Development Services Department
Title
SUBJECT: Adoption of Resolution of Intent Regarding Annexation No. 20 into Community Facilities District (CFD) No. 2003-2 (Services) for Approximately 15.93 Acres of Land Located at the Northeast Corner of El Redondo Drive (Extended) and Monaco Drive and Setting a Public Hearing for May 2, 2022
REPORT IN BRIEF
Requests the City Council to adopt a Resolution of Intent to annex 15.93 acres of land located at the northeast corner of El Redondo Drive (extended) and Monaco Drive into Community Facilities District (CFD) No. 2003-2 (Services) and set a public hearing for May 2, 2022.
RECOMMENDATION
City Council - Adopt a motion:
A. Adopting Resolution 2022-20, a Resolution of Intention of the City Council of the City of Merced, acting as the Legislative Body of the City of Merced Community Facilities District No. 2003-2 (Services), declaring its intention to annex area to said district and authorize the levy of a special tax within said annexation and approving a certain agreement related thereto; and,
B. Setting the Public Hearing for May 2, 2022; and,
C. Accepting the Petition, Consent and Waiver from Stonefield Home, Inc.; and,
D. Accepting the deposit amount of $25,000 in Fund 150, increasing the revenue and appropriating the same to cover the cost of Community Facilities District formation and related expenditures; and,
E. Authorizing the City Manager or Deputy City Manager to execute the Deposit and Reimbursement Agreement.
Body
ALTERNATIVES
1. Approve the actions as recommended by staff; or,
2. Requesting modification or amendment to the documents and provide direction to City staff regarding the same; or,
3. Decline to authorize action as recommended; or,
4. Continue to a future City Council meeting (time and date to be specified in motion).
AUTHORITY
Annexation of property into the City's existing CFD No. 2003-2 (Services) and designation of future ann...
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