Report Prepared by: Julie Nelson, Associate Planner, Development Services
Title
SUBJECT: Adoption of Resolution of Intent Regarding Annexation into Community Facilities District (CFD) No. 2003-2 (Services) for the Stoneridge South Subdivision and a Future Apartment Project and Setting a Public Hearing for April 20, 2020, to Hold the Election for Annexation into the CFD
REPORT IN BRIEF
This report requests the City Council to adopt a Resolution of Intent to annex the Stoneridge South Subdivision and a future apartment project into Community Facilities District (CFD) No. 2003-2; and set a Public Hearing for April 20, 2020, to hold the election for annexation into the CFD.
RECOMMENDATION
City Council - Adopt a motion:
A. Adopting Resolution 2020-08, 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 designate certain property for future annexation to said district; and,
B. Setting the Public Hearing for April 20, 2020.
Body
ALTERNATIVES
1. Approve the action 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. 2003-3 (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 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 with the City to annex to a community faciliti...
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