HomeMy WebLinkAboutReso 2000-118 RESOLUTION NO. 2000-118
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE DEFERRAL OF
ASSESSMENTS AND ESTABLISHING CRITERIA TO QUALIFY
FOR DEFERRAL FOR ASSESSMENT DISTRICT 96-01
WHEREAS, the improvements for Assessment District 96-01 were financed by the City and
AD 96-01 was formed pursuant to the Improvement Act of 1911 to obtain reimbursement for the
improvement and other miscellaneous costs in accordance with Council Policy Number 505 -01; and
WHEREAS, the Act is a financing mechanism which authorizes local agencies to impose
assessments on benefitting properties to fund the construction of public improvements; and
WHEREAS, the property owners have an option of paying local assessments during the 30
day pay-offperiod following confirmation of assessments and if the assessments are not paid during
that time or are deferred, the City will collect the unpaid balance in semiannual installments over a
period often years at an interest rate of 7% per annum; and
WHEREAS, property owners may pay the balance of their assessments at any time during
the ten year repayment period without penalty; and
WHEREAS, in response to property owner's concerns, staff prepared three payment
alternatives which were presented to Council on July 15 and July 22, 1997:
Alternative I is the standard plan most property owners use to spread payments over
ten years at 7% interest.
Alternative II provides for semi-armual payments of interest only over ten years,
with the principal due at the end of ten years or when the property changes
ownership.
Alternative III provides for one balloon payment of both principal and interest at the
end of ten years or upon change of ownership.
WHEREAS, it is recommended that Alternatives II and III be offered only to property
owners meeting the criteria set forth below; and
WHEREAS, if approved, staff will receive and review deferral applications during May and
June 2000, and if any property owner within the district meets one of the financial criteria, an
Alternative II or III deferral agreement will be prepared and brought before City Council for
approval; and
WHEREAS, in accordance with the provisions of Chapter 13 of the Improvement Act of
1911 of the Streets and Highways Code of the State of California, any deferral of assessments shall
be approved by a Council Resolution.
Resolution 2000-118 --,
Page 2
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve the deferral of assessments for Assessment District 96-01 for improvements to Twin
Oaks Avenue from Naples Street to Emerson Street in the City of Chula Vista to allow payments
over ten years at 7% interest.
BE IT FURTHER RESOLVED that the City Council does hereby establish the following
criteria to qualify for an Alternative II or III deferral:
1. An income less than or equal to the HUD Very Low Income
Standards as contained in the City's Master Fee Schedule; or
2. A demonstrated financial hardship approved by Council (For example, a senior
citizen, retired, and unable to pay the assessment).
Presented by Approved as to form by
J P. Lipr~)irecto'r~C~'' f~o~.' . Kaheny ~"~
Resolution 2000-118
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 18m day of April, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST: Shirley Hort~,~Mayor
Susan Bigelow, City Clerk
' STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-118 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chu]a Vista City Council held on the 18th day of April, 2000.
Executed this 18th day of April, 2000.
Sus~igelow, City Clerk