Report Prepared by: Julie Nelson, Associate Planner
Title
SUBJECT: Adopt a Resolution of Intent to Annex Property Located at the Southeast Corner of Mercy Avenue and Mansionette Drive into Community Facilities District (CFD) No. 2003-2 (Services) and Set a Public Hearing for August 1, 2016, for the Annexation.
REPORT IN BRIEF
This report requests that the City Council adopt a Resolution of Intent to annex property located at the southeast corner of Mercy Avenue and Mansionette Drive into Community Facilities District (CFD) No. 2003-2 (Services) and set a public hearing for August 1, 2016, for the annexation.
RECOMMENDATION
City Council - Adopt a motion:
A. Adopting Resolution 2016-35, 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. 2003-02 (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. Approving the Deposit and Reimbursement Agreements submitted and appropriate the funds from the deposits to Fund 150 to reimburse the City for Community Facilities District formation and related expenditures; and,
C. Setting the public hearing for August 1, 2016.
Body
ALTERNATIVES
1. Approve the action as recommended by staff; or,
2. Request modification or amendment to the documents and provide direction to City staff regarding the same; or,
3. Decline to authorize action as recommended.
AUTHORITY
Annex property into the City's existing CFD (Services) pursuant to Merced City Charter Section 200, Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the California Government Code (the "Act"), commonly known as the "Mello-Roos Community Facilities Act of 1982" and the City's Policy on new development.
DISCUSSION
The City approved a policy requiring all new development within the boundari...
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