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HomeMy WebLinkAboutAgenda Statement 1986/05/27 Item 15a,b,c COUNCIL AGENDA STATEMENT Item 15 Meeting Date 5/27/86 ITEM TITLE: a) Resolution 4250 / making findings on a petition requesting the acquisition of certain public improvements to be acquired pursuant to the terms and provisions of the "Municipal Improvement Act of 1913." b) Resolution making preliminary appointments and approving Consulting Agreements, and a Reimbursement Agreement for the Assessment District proceedings. c) Resolution establishing boundaries for the proposed Assessment District. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager (4/5ths Vote: Yes No X ) The EASTLAKE DEVELOPMENT COMPANY has requested the City initiate proceedings under the 1913 Act for an Assessment District to "acquire" certain water, sewer, and street improvements in the "Hills and Shores" area of the EASTLAKE development. The EASTLAKE Public Facilities Financing Plan anticipated Assessment Districts as the secondary method of financing on-site improvements with Subdivision Map exactions as the primary method, although several changes in the financing plan have been made including the already approved Assessment District 85-2. Actually, the original plan was for one assessment district, but because of timing, it was necessary to split the district into two districts, 85-2 and 86-1 . RECOMMENDATION: Adopt resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable DISCUSSION: The City of Chula Vista currently has approved EASTLAKE Assessment District 85-2 to provide on-site water and sewer lines in the EASTLAKE "Business Park," a reservoir off-site, water transmission lines, and street improvements on Otay Lakes Road. The "Hills and Shores" residential area will participate in Assessment District 85-2 based on benefit received from the reservoir, pump station, and water transmission lines while the "Business Park" area will be additionally assessed for the on-site water/sewer improvements and the Otay Lakes road improvements that specially benefit that area. Page 2, Item 15 Meeting Date 5/27/86 Assessment District 85-2 was initiated in November 1985 prior to any final map approval for either the "Business Park" or the "Hills and Shores." The developer fronted $3 million to begin construction on the reservoir and pump station and would have been responsible for all the improvements of 85-2 had the Council not finally approved the district on May 13, 1986. The Wedin report "Public Facilities Financing Plan" had originally proposed that the water-related improvements in District 85-2 be financed by a Mello-Roos tax district. However, our consultants recommended a 1913 Act procedure instead due to its proven success for both 85-2 and 86-1 which is the subject of this resol uti on. The EASTLAKE DEVELOPMENT COMPANY has requested the City to initiate Assessment District 86-1 to acquire certain on-site water, sewer and street improvements in East "H" Street and the loop streets estimated to cost $3.8 million that specially benefit only the "Hills and Shores" residential areas. One reason the improvements being proposed for Assessment District 86-1 were not included in 85-2 was because of the necessity to get the construction underway immediately to meet the development schedule for the residential community and assessment district procedural/timing requirements. One uestion which ma y be raised regarding formation of an additional assessment district for the "Hills and Shores' subdivision is the cumulative financial impact of proposed public financing mechanisms on new home owner in the "Hills and Shores" development. In addition to Assessment District 85-2, the Sweetwater and Chula Vista School Districts are considering the use of the MELLO-ROOS legislation for financing schools. The City has also approved the formation of a 1972 Act Maintenance District for the maintenance of landscaping and other appurtenances in the public right-of-way. Although final special tax and assessment levies are not known at this time, an analysis of the proposals indicates that special taxes and assessments will not exceed 1% of the purchase price of the houses in EASTLAKE. Attached is an example of a "Disclosure Statement" prepared by our consultants that is being distributed to all prospective home buyers in EASTLAKE. The numbers are preliminary and will vary depending on the size of the dwelling unit. The 1 91 3 Assessment Act does allow purchase of the improvements prior to acceptance by the public agency. Prospective homeowners have already been advised that this district was proposed. FISCAL IMPACT: None to the City. The Assessment District provides for all necessary funding. WPC 2099E by h City Council of Chula Vista, California Dated 2'_ TO: CITY COUNCIL CITY OF CHULA VISTA PETITION AND WAIVER FOR SPECIAL ASSESSMENT PROCEEDINGS 1. We, the undersigned, are the property owners of land shown on the map attached as Exhibit "A" and made a part of this document. 2. We petition you to undertake special assessment proceedings for the following described public improvements: The financing and acquisition of certain water improvements, together with appurtenances and appurtenant work, to serve and benefit properties within the boundaries of ASSESSMENT DISTRICT NO. 86-1. For particulars, reference is made to the Exhibits attached hereto. 3. We understand: A. THAT the cost of the improvements will be charged to the land which benefits from the improvements, including our land; B. THAT a report will be prepared on the project, including plans and specifica- tions, a detailed cost estimate, and a division of the costs among the benefited parcels of land, and that you will conduct a public hearing on the report; C. THAT the cost of engineering, legal and other incidental expenses will be included in the project cost; D. THAT each property owner may pay his assessment either in cash without interest or in installments with interest over a period of years. 4. We consent to other appurtenant work and acquisition that is, in the opinion of the legislative body, necessary to properly effectuate said improvements, and we hereby expressly waive the proceedings required and all limitations under the "Special Assessment Investigation, Limitation and Majority Protest Act of 1931", being Division 4 of the Streets and Highways Code of the State of California. 5. We hereby further request that all efforts and attempts be made so that said proceedings and the Resolution of Intention can be adopted at the earliest time. 6. We agree to dedicate all required rights-of-way or easements necessary for the works of improvement, all dedications to be accomplished before the ordering of the improvements. I BOUNDARY MAP ASSESSMENT DISTR1CT__ 86 - 1 ( ACQUISITION ) CITY OF CHULA VISTA COUNTY OF SAN DIEGO, STATE OF CALIFORNIA 555-030-08 555-010-o3 wok) 1 IPOR.1� N M NO.tt \ - ../60 N\(.R / MAP N \ / /Y,AP J4F-11162 ` I/,' ' 4 ree�In.11..19 M/►P NO. tugs ` I )r, k��s r IIO.Lt444 ............... 655-050-tt ! 40" r`'��� j '4 V ! ytPOR.I \`\NIL�I ���V ` 1 NM A. ' , 4 i MAP ILQ.lL4L1_ O 800 IS / L� 400 aaa �fi/� TS DMvE s55-oTO-tt ._U � � \- 4 9 11-1-k 50;0%7/- ,, , KESHs / 1 yAL> 4 /% / �''# 1 __ , -r- , \ GOTHAM STREET pIP/• / ••'�. MAP x.114 . \ ' ��' I ..••• —_- I HERESY CERTFY THAT TIE WITHIN MAP SHOWING PROPOSED \ / BOUNDARIES OF ASSESSMENT DISTRICT 86-1,CITY OF CHIAA VISTA, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, WAS \ APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA AT A.REGULAR MEETING THEREOF,HELD T15S._OF_,1986 / BY RESOLUTION ND. DESCP!PTION OF WORK, LEGEND ASSESSMENT DISTRICT BOUNDARY CITY CLERK,CITY OF QUA VISTA PARCEL BOUNDARY i1/1/21 STREET IMPROVEMENTS FILED N THE OFFICE OF TIE CITY CLERK OF THE CITY OF CHULA ___a DOIESTC WATER LINE VISTA THIS DAY OF .1986. $-.4- SEWER UNE CITY CLERK,CITY OF CHULA VI SIX Z>antmz EXISTING IMPROVED STREETS FUTURE STREET IMPROVEMENTS FILED THIS DAY OF ,1986 N BOOK ,AT PAGE OF MAPS OF 0 PARCEL NO. ASSESSMENT DISTRICTS IN THE OFFICE OF THE COUNTY RECORDER OF TIE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA. 123-456-78 ASSESSOR'S PARCEL NO. COUNTY RECORDER COUNTY OF SAN DIEGO WAS A.S,SOCIATEs BY CONSULTING INYINIIRS A3 PLANN RS ........r•awO sac um woR tt 2/11-9111 DESCRIPTION OF WORK ASSESSMENT DISTRICT (Acquisition) NO. 86-1 CITY OF CHULA VISTA The general description of work to be acquired by this Assessment District consists of the following: A. Construction and installation of approximately 8,900 feet of 12 inch domestic water line and appurtenances in Lakeshore Drive, EastLake Drive, Hillside Drive and located within an easement from Lakeshore Drive southerly approximately 600 feet then westerly to Gotham Street. B. Construction and installation of approximately 2,700 feet of 16 inch domestic water line and appurtenances in Lakeshore Drive and EastLake Drive. C. Construction and installation of approximately 2,900 feet of 20 inch domestic water line and appurtenances in EastLake Drive and Lakeshore Drive. D. Construction and installation of approximately 600 feet of 24 inch domestic water line and appurtenances located in an easement from Lakeshore Drive to 600 feet south of Lakeshore Drive. E. Construction and installation of approximately 8,200 feet of 8 inch sewer line and appurtenances in East "H" Street, EastLake Drive, Hillside Drive, Lakeshore Drive and on-site within easements. F. Construction and installation of approximately 3,800 feet of 10 inch sewer line and appurtenances in East "H" Street and on-site within easements. G. Construction and installation of approximately 1 ,100 feet of 12 inch sewer main in East "H" Street. H. Construction and installation of street improvements for Lake Shore Drive, EastLake Drive, Hillside Drive (Reisling Street to Rue Avallon) and East "H" Street (Corral Canyon Road to EastLake Drive) . Street improvements include pavement, curb, gutter, sidewalk, street lights and other related appurtenances. • • It is hereby further stated that the property within the boundaries of the Assessment District at this time is subject to existing mortgages or deeds of trust. THE UNDERSIGNED hereby state, as mortgagees or beneficiaries under any existing deeds of trust, that they acknowledge and join in signature in the Petition for the above- referenced Assessment District. For further particulars as to any mortgagees or beneficiaries under any deeds of trust, reference is made to the title report, a copy of which is attached hereto. DATE OF SIGNING NAME OF LENDER SI SIGNATURE SECURITY PACIFIC NATIONAL BANK, 4-2-86 a national banking association. .,-.- B Gary . rnett,. Vice President uL STATE OF CALIFORNIA COUNTY OF ORANGE SS. On Aril 2 1986 ,before me,the undersigned,a Notary Public in and for said State,personally appeared satisfactory evidence to be a Vice Presidents personally known to me or proved to me on the bas s Gar L. Arnett of teal' "'r '443. ;e»• 'er of the SECUR ITY PACIFIC NATIONAL BANK,the assoc ation that the within Instrument,known to me Ins ument on behalf of the association therein named,and acknowledged to me that such association exe su association executed the within Instrument pursuant to its by-laws or a resolution of its board of directo sto be the persons who executed the within cuted the same,and acknowledged to me that ITNESS my hand and official seal. .., OFFICIAL SEAL (seal) I MARY ELLEN CROWDER k ;r a NOTARY PUBLIC-CALIFORNIA ,i r^ F K ORANGE COUNTY t f �� MY Commission Expires Aug. 11, 1989 `F >/ '.1 030874 8-83' e l� ' ` ��� ` 25 PS Bank Officer's Notarial Acknowledgement 's--'' ' v G s v) Public's Signature) • THE UNDERSIGNED HEREBY CERTIFY UNDER PENALTY OF PERJURY THAT THEY ARE THE OWNERS OF RECORD OF THE PROPERTY AS SET FORTH HEREIN. . NAME OF PROPERTY ATE OF OWNER AND STREET LEGAL DESCRIPTION OR GNING ADDRESS COUNTY TAX PARCEL NO. SIGNATURE EASTLAKE DEVELOPMENT See Exhibit "A" COMPANY, a California attached general partnership. By: DAVID IV, INC., 701 B Street, Suite 730 a California corporation San Diego, CA 92101 P By: f. A Robert L. Santos, Vice President By: DANIEL V, INC., a Californi corporation By: 1.1 ,,, ,^.� l t,,r Robert L. Santos, Vice President STATE OF CALIFORNIA } } sec. COUNTY OF SAN DIEGO } On this ;A:..1 day of .� ), /4_.-- , 1986, before me, the undersigned, a Notary Public in and for said tate, personally appeared ROBERT SANTOS, personally known to me or proved to me on the basis of satisfactory evidence to be he person who executed the within instrument as the Vice President of DAVID IV, INC., a California corporation, a partner of L TLAKE DEVELOPMENT COMPANY, the partnership that executed the within instrument, and acknowledged to me that such corporation executed the same as such partner and that such partnership executed the same. . WITNESS my hand and official seal. 'AN-r; PATRICIA YOUNG . € Vii, ! .- r , s' mg PUNIC NUM: Notary •, ic P NCDAI WFICI Mt \,•�J so Deco cougar My commission expires Sept- -r 3, 199 NI Cuuu.uu,E .3.tm1N • �� On this�-- day of ,,Iir24/7--) , 1986, before me, the undersigned, a Notary Public in and for said S te, personally appeared ROBERT SANTOS, personally known to me or proved to me on the basis of satisfactory evidence to be t person who executed the within instrument as the Vice President of DANIEL V, INC., a California corporation, a partner of TLAKE DEVELOPMENT COMPANY, the partnership that executed the within instrument, and acknowledged to me that such rporation executed the same as such partner and that such partnership executed the same. WITNESS hand and official seal. PATRICIA YOUNG ( n'/Ti!; fr- '`'"------- /-/L._/;)(.. ''/, r ran { Notary Public n expires- tembEr 1989 ����� My cammissia p p s \,�r f �h Cenxm+san hp Sept 3.MS FILED IN THE OFFICE OF THE CITY CLERK THIS 27th DAY OF May 1986. Said Petition represents 81 % of the assessable area, as shown on the attached map. vC ea CITY OF CHULA VISTA STATE OF CALIFORNIA EXHIBIT "A" LEGAL DESCRIPTION Those portions of Sections 27, 28, 33 and 34 all being in Township 17 South, Range 1 West, San Bernardino Meridian, in the City of Chula Vista, County of San Diego, State of California, according to the Official Plat thereof, all being described as a whole as follows: Beginning at the Northwest corner of the Southeast Quarter of said Section 34; thence along the South line of the Northwest Quarter of said Section 34 North 88°53'15" West 2680.31 feet, to the Southeast corner of the fractional Northeast Quarter of said Section 33; thence along the South line of said fractional Northeast Quarter North 89 921'14" West 2554.30 feet, to the Westerly line thereof; thence along said Westerly line to and along the Westerly line of said fractional Section 28, North 17°52'14" West 4207.74 feet, to the North line of the South Half of the South Half of said fractional Section 28; thence along said North line South 89°40'56" East 3326.91 feet; thence leaving said North line North 53°17'52" East 663.88 feet, to the West line of the Southwest Quarter of said Section 27; thence along said West line North 1°49'21" West 160.00 feet more or less to an angle point in the Boundary of Parcel Map No. 13883; thence leaving said West line South 48°42'07" East 1858.49 feet to the beginning of a tangent 2917.00 foot radius curve concave Southwesterly; thence Southeasterly along said curve through a central angle of 32°47'53" a distance of 1669.79 feet; thence tangent to said curve South 15°54'14" East 975.04 feet to the beginning of a tangent 3,917.00 foot radius curve concave Westerly; thence Southerly along said curve through a central angle of 12°21'23" a distance of 844.74 feet; thence tangent to said curve South 03°32'51" East 200.09 feet; thence North 88°53'51" West 27.80 feet to the Point of Beginning. ld/ef CERTIFICATE OF SUFFICIENCY OF PETITION STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA GEORGE SIMPSON, the undersigned, hereby CERTIFIES as follows: That I am the duly appointed PROJECT MANAGER of the CITY OF CHULA VISTA, CALIFORNIA. That on the day of /APR/4 1986,, I reviewed a Petition and Waiver for the forma ion o1 an Assessment District for certain public works of improvement, together with appurtenances, appurtenant work and acquisition, where necessary, in a special assessment district known and designated as ASSESSMENT DISTRICT NO. 86-1 (hereinafter referred to as the "Assessment District"), a copy of which is on file in the principal office of the City Clerk. That I caused said Petition and Waiver to be examined and my examination revealed that said Petition and Waiver has been signed by property owners representing more than sixty (60%) percent of the assessable area of lands within the boundaries of the proposed Assessment District, all as prescribed by Section 2804 of the Streets and Highways Code of the State of California ("Special Assessment Investigation, Limita- tion and Majority Protest Act of 1931") . That said Petition and Waiver did represent ( Q f %) percent of the assessable area of property within the boundaries of - he Assessment District. That said Petition and Waiver meets the requirements of Section 2804 of the Streets and Highways Code of the State of California. Inasmuch as the improvements contemplated are to be subdivision conditioned improve- ments, said examination also revealed that the Petition and Waiver has been signed also by all mortgagees or beneficiaries under any existing mortgages or deeds of trust as required, and proof of ownership and names of mortgagees or beneficiaries, if applicable, is attached hereto. Executed this 2 day of ,019,12/4. 10%6, at Chula California. • CITY OF CHULA VISTA STATE OF CALIFORNIA CERTIFICATE OF FINANCIAL CONSULTANT CITY OF CHULA VISTA ASSESSMENT DISTRICT NO. 86-1 STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, CARL KADIE, hereby CERTIFY under PENALTY OF PERJURY: 1. That I am the authorized representative of KADIE-JENSEN & JOHNSON, the duly appointed FINANCIAL CONSULTANT. 2. That the City at this time is considering the formation of a special assessment district pursuant to the provisions of the "Municipal Improvement Act of 1913", being Division 12 of the Streets and Highways Code of the State of California, said special assessment district known and designated as ASSESSMENT DISTRICT NO. 86-1. 3. That said proceedings are to be initiated by a Petition signed by property owners of more than 60% in area of the property subject to assessment for the proposed improvements said Petition has been submitted to the City Council for consideration. 4. That based upon the documentation attached and an analysis and study of valua- tion, it is hereby determined that the total estimated amount of the proposed assessments will not exceed seventy-five percent (75%) of the estimated fair market value of the land proposed to be assessed after the proposed public improvements shall have been constructed. This determination is made pursuant to the requirements and authority of Section 2804.1 of the Streets and Highways Code of the State of California. For further particulars, reference is made to the support data and documentation attached hereto. r 1986, at San Diego, California. EXECUTED this Z`t� day of , 9 A-Kim** N & JONSS, _ .ice -""rati., _ ANT CITY OF ■ ULA VISTA STATE OF C' s'NIi COUNCIL AGENDA STATEMENT Item 15 Meeting Date 5/27/86 ITEM TITLE: a) Resolution making findings on a petition requesting the acquisition of certain public improvements to be acquired pursuant to the terms and provisions of the "Municipal Impprovement Act of 1913." b) Resolution /Z-502 making preliminary appointments and approving Consulting Agreements, and a Reimbursement Agreement for the Assessment District proceedings. c) Resolution establishing boundaries for the proposed Assessment District. SUBMITTED BY: Director of Public Works/City Engineer ``, v REVIEWED BY: City Manager 1‘- , -- (4/5ths Vote: Yes No X ) The EASTLAKE DEVELOPMENT COMPANY has requested the City initiate proceedings under the 1913 Act for an Assessment District to "acquire" certain water, sewer, and street improvements in the "Hills and Shores" area of the EASTLAKE development. The EASTLAKE Public Facilities Financing Plan anticipated Assessment Districts as the secondary method of financing on-site improvements with Subdivision Map exactions as the primary method, although several changes in the financing plan have been made including the already approved Assessment District 85-2. Actually, the original plan was for one assessment district, but because of timing, it was necessary to split the district into two districts, 85-2 and 86-1 . RECOMMENDATION: Adopt resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable DISCUSSION: The City of Chula Vista currently has approved EASTLAKE Assessment District 85-2 to provide on-site water and sewer lines in the EASTLAKE "Business Park," a reservoir off-site, water transmission lines, and street improvements on Otay Lakes Road. The "Hills and Shores" residential area will participate in Assessment District 85-2 based on benefit received from the reservoir, pump station, and water transmission lines while the "Business Park" area will be additionally assessed for the on-site water/sewer improvements and the Otay Lakes road improvements that specially benefit that area. Page 2, Item 15 Meeting Date 5/27/86 Assessment District 85-2 was initiated in November 1985 prior to any final map approval for either the "Business Park" or the "Hills and Shores." The developer fronted $3 million to begin construction on the reservoir and pump station and would have been responsible for all the improvements of 85-2 had the Council not finally approved the district on May 13, 1986. The Wedin report "Public Facilities Financing Plan" had originally proposed that the water-related improvements in District 85-2 be financed by a Mello-Roos tax district. However, our consultants recommended a 1913 Act procedure instead due to its proven success for both 85-2 and 86-1 which is the subject of this resol uti on. The EASTLAKE DEVELOPMENT COMPANY has requested the City to initiate Assessment District 86-1 to acquire certain on-site water, sewer and street improvements in East "H" Street and the loop streets estimated to cost $3.8 million that specially benefit only the "Hills and Shores" residential areas. One reason the improvements being proposed for Assessment District 86-1 were not included in 85-2 was because of the necessity to get the construction underway immediately to meet the development schedule for the residential community and assessment district procedural/timing requirements. One question which may be raised regarding formation of an additional "Hills district for the Hills and Shores subdivision is the cumulative financial impact of proposed public financing mechanisms on new home owner in the "Hills and Shores" development. In addition to Assessment District 85-2, the Sweetwater and Chula Vista School Districts are considering the use of the MELLO-ROOS legislation for financing schools. The City has also approved the formation of a 1972 Act Maintenance District for the maintenance of landscaping and other appurtenances in the public right-of-way. Although final special tax and assessment levies are not known at this time, an analysis of the proposals indicates that special taxes and assessments will not exceed 1% of the purchase price of the houses in EASTLAKE. Attached is an example of a "Disclosure Statement" prepared by our consultants that is being distributed to all prospective home buyers in EASTLAKE. The numbers are preliminary and will vary depending on the size of the dwelling unit. The 1913 Assessment Act does allow purchase of the improvements prior to acceptance by the public agency. Prospective homeowners have already been advised that this district was proposed. FISCAL IMPACT: None to the City. The Assessment District provides for all necessary funding. WPC 2099E by the City Council of Chula Vista, California Dated , ,2 �1 CERTIFICATE OF COMPLIANCE WITH NOTICE REQUIREMENTS ASSESSMENT DISTRICT NO. 86-1 STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA JENNIE M. FULASZ, under penalty of perjury, CERTIFIES AS FOLLOWS: The undersigned is now, and at all times mentioned herein was, the duly appointed, qualified and acting CITY CLERK of the CITY OF CHULA VISTA, CALIFORNIA, and as such, accomplished the notice requirements in connection with the referenced Assessment District, as noted: RECORDING A copy of the proposed BOUNDARY MAP was filed in the Office of the County Recorder within fifteen (15) days after the adoption of the Resolution Adpoting Map; said filing being accomplished on the 02q4 day of _ na f , 1986. EXECUTED this 3d day of 1986, at Chula Vista, California. /hit Al L_IL_Li.._... PDI� U CITY CLERK " CITY OF CHULA VISTA STATE OF CALIFORNIA COUNCIL AGENDA STATEMENT Item 15 Meeting Date 5/27/86 ITEM TITLE: a) Resolution making findings on a petition requesting the acquisition of certain public improvements to be acquired pursuant to the terms and provisions of the "Municipal Improvement Act of 1913." b) Resolution making preliminary appointments and approving Consulting Agreements, and a Reimbursement Agreement for the Assessment District proceedings. c) Resolution /a a3 establishing boundaries for the proposed Assessment District. SUBMITTED BY: Director of Public Works/City Engineer #// ' REVIEWED BY: City Manager (4/5ths Vote: Yes No X ) The EASTLAKE DEVELOPMENT COMPANY has requested the City initiate proceedings under the 1913 Act for an Assessment District to "acquire" certain water, sewer, and street improvements in the "Hills and Shores" area of the EASTLAKE development. The EASTLAKE Public Facilities Financing Plan anticipated Assessment Districts as the secondary method of financing on-site improvements with Subdivision Map exactions as the primary method, although several changes in the financing plan have been made including the already approved Assessment District 85-2. Actually, the original plan was for one assessment district, but because of timing, it was necessary to split the district into two districts, 85-2 and 86-1 . RECOMMENDATION: Adopt resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable DISCUSSION: The City of Chula Vista currently has approved EASTLAKE Assessment District 85-2 to provide on-site water and sewer lines in the EASTLAKE "Business Park," a reservoir off-site, water transmission lines, and street improvements on Otay Lakes Road. The "Hills and Shores" residential area will participate in Assessment District 85-2 based on benefit received from the reservoir, pump station, and water transmission lines while the "Business Park" area will be additionally assessed for the on-site water/sewer improvements and the Otay Lakes road improvements that specially benefit that area. Page 2, Item 15 Meeting Date 5/27/86 Assessment District 85-2 was initiated in November 1985 prior to any final map approval for either the "Business Park" or the "Hills and Shores." The developer fronted $3 million to begin construction on the reservoir and pump station and would have been responsible for all the improvements of 85-2 had the Council not finally approved the district on May 13, 1986. The Wedin report "Public Facilities Financing Plan" had originally proposed that the water-related improvements in District 85-2 be financed by a Mello-Roos tax district. However, our consultants recommended a 1913 Act procedure instead due to its proven success for both 85-2 and 86-1 which is the subject of this resolution. The EASTLAKE DEVELOPMENT COMPANY has requested the City to initiate Assessment District 86-1 to acquire certain on-site water, sewer and street improvements in East "H" Street and the loop streets estimated to cost $3.8 million that specially benefit only the "Hills and Shores" residential areas. One reason the improvements being proposed for Assessment District 86-1 were not included in 85-2 was because of the necessity to get the construction underway immediately to meet the development schedule for the residential community and assessment district procedural/timing requirements. One question which may be raised regarding formation of an additional "Hills district for the Hills and Shores' subdivision is the cumulative financial impact of proposed public financing mechanisms on new home owner in the "Hills and Shores" development. In addition to Assessment District 85-2, the Sweetwater and Chula Vista School Districts are considering the use of the MELLO-ROOS legislation for financing schools. The City has also approved the formation of a 1972 Act Maintenance District for the maintenance of landscaping and other appurtenances in the public right-of-way. Although final special tax and assessment levies are not known at this time, an analysis of the proposals indicates that special taxes and assessments will not exceed 1% of the purchase price of the houses in EASTLAKE. Attached is an example of a "Disclosure Statement" prepared by our consultants that is being distributed to all prospective home buyers in EASTLAKE. The numbers are preliminary and will vary depending on the size of the dwelling unit. The 1913 Assessment Act does allow purchase of the improvements prior to acceptance by the public agency. Prospective homeowners have already been advised that this district was proposed. FISCAL IMPACT: None to the City. The Assessment District provides for all necessary funding. WPC 2099E b he City Council of Chula Vista, California Dated / ' &'7, 490