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HomeMy WebLinkAboutAgenda Statement 1986/07/22 Item 4a-h COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development au) Resolution /Ael A° Ordering changes or modifications as required from the first presentation of the Engineer' s "Report." b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) c;) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer' s "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915. " h ) Resolution Making award for the sale of bonds, and providing for the establishment of a edemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager . ,L J _._ (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. by the City Cour :;l of Chula Vista, California Dated off.--,- Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the devel oper. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer' s "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). _ Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate. " f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E / 2 ' COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development at,) Resolution Ordering changes or modifications as required from the first presentation of the Engineer' s "Report." b ) Resolution I at Ga, Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) c;) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer's "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer's "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution Making award for the sale of bonds, and providing for the establishment of a edemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager 17„,)4,____ (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. by the City Courl of Chula Vista, California Dated 2-Z Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer's "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate." f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E • COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development a ,) Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report." b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) cs) Resolution /0161 aiog Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer' s "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution Making award for the sale of bonds, Oif/ and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager }-- (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. y he City Council of Chula Vista, California Dated 9"; /' Ammo Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the devel oper. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer's "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). r _� Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate. " f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E / , COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development a.,) Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report." b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) ct) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution MG 01-3 Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer's "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915. " h ) Resolution Making award for the sale of bonds, and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager ,..14,414„) (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. r :y the City Courl of Chula Vista, California Dated % / f /966 AUWAv Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer' s "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided. with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate. " f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E v c COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development aO Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report." b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) c;) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer's "Report." e ) Resolution /g144 Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer' s "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution Making award for the sale of bonds, and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager 16,45 --- (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. etp0,16-7.444-, by the City Cour 1 of Chula Vista, California ( ��' 21 Dated NI, rs, � Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer' s "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). / , Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate. " f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E /_' r COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development ae) Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report." b:) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) c;) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." /'/ f ) Resolution /o4,a,5 Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer's "Report. " g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution Making award for the sale of bonds, filrY and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager S cri, (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. r , % (/ / by the City Gourd of Chula Vista, California Date. —��. 1., o'Z..:!/..2.2g_ - Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer' s "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire Station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate." f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E • COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development aj Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report." b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) cc) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer' s "Report." g ) Resolution /. Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution Making award for the sale of bonds, and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer Pr/ REVIEWED BY: City Manager �_,-. - (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. Plell/Ca() i' L by the City CourI of Chula Vista, California a,� i�g6 Dated .� Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer's "Report. " At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate." f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E COUNCIL AGENDA STATEMENT Item 4 Meeting Date 7/22/86 ITEM TITLE: Public Hearing on the formation of an Assessment District to acquire certain improvements in the "Hills and Shores" of the EastLake Development aj Resolution Ordering changes or modifications as required from the first presentation of the Engineer's "Report. " b ) Resolution Denying any protests received, either oral or written. (Note: This resolution is needed only if protests are received and requires a 4/5ths vote. ) cc) Resolution Approving a contract for ownership of improvements with the Otay Water District. d ) Resolution Approving a contribution to pay certain costs and expenses in the assessment district as set forth in the Engineer' s "Report." e ) Resolution Accepting the works of improvement and approving the "As-Built Certificate." f ) Resolution Confirming the assessment, ordering acquisition of the improvements, and approving the Engineer's "Report." g ) Resolution Authorizing and providing for the issuance of bonds pursuant to the "Improvement Bond Act of 1915." h ) Resolution /1c 7' Making award for the sale of bonds, and providing for the establishment of a redemption fund. SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager � ,41 --- (4/5ths Vote: Yes No X ) This is the Public Hearing to consider the formation of an Assessment District for the purpose of acquiring certain improvements in the "Hills and Shores" area of the EastLake development under the 1913/15 Acts of the Streets and Highway Code. r by the City Cour 1 of Chula Vista, California Dated "'- /� Page 2, Item 4 Meeting Date 7/22/86 RECOMMENDATION: That Council hold the public hearing and adopt the resolutions. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: This is a continuation of proceedings initiated on May 27, 1986, and continued on June 17, 1986, to form an Assessment District for the acquisition of certain backbone water, sewer, storm drain, and street improvements in the EastLake development. These improvements are generally located within East "H" Street, EastLake Drive, Hillside Drive and Lake Shore Drive. The Engineer' s "Report" contains a description, locator maps, and cost estimate by units and quantities for each improvement that will be acquired and included in the Assessment District. Unlike other districts used to build facilities, this district will purchase facilities already constructed by the developer. The total cost of these improvements will be $5,279,986.04 as certified and set forth in the Engineer' s "Report." At the meeting of June 17, Council questioned how this district fitted into the policy set by the Public Facilities Financing Report prepared by Wedin Enterprises, Inc. and approved by Council simultaneously with the EastLake I Sectional Planning Area (SPA). The "Wedin Report" is a document which identified proposed financing methods for each type of public facility needed to support the EastLake development. Financing methods were selected to ensure that "the City would not expend existing revenues on capital facilities necessary for the Community of EastLake I." These financing methods included Community Facilities Districts (Mello-Roos) , 1913/15 Act Assessment Districts; subdivision exactions, and other primary and secondary financing techniques. The Wedin Report contains tables listing estimated improvement costs (by category) and financing methods for drainage, sewer, water, utilities, roads, parks, open space, schools, fire station and the transportation center. In general , the Wedin Report identified a total of $26,405,000 worth of improvements to be built through subdivision exactions and $20,813,200 of public facilities which could be financed via Mello-Roos districts or other methods. The recommended primary financing methods in the Wedin Report have not necessarily been followed. Decisions made by the developer, Council , school district boards and/or the Otay Water District Directors have altered the facility financing mechanism originally proposed for some facilities. For instance, the Wedin Report showed that Phase I of the Community Park, fire station and the transportation center were to be funded via Mello-Roos districts. Instead, these facilities will now be financed via the payment of fees by the developer(s). / / Page 3, Item 4 Meeting Date 7/22/86 The assessment district was proposed as a secondary method of financing in the Wedin Report. This variation, thus, is consistent with the basic purpose of the report and its recommendation to use assessment districts for public areawide backbone improvements. No individual subdivision improvements serving individual lots are included in the district. Staff and the consultants administrating the district formation proceedings have looked into the cumulative effect of the various assessment districts on the property owner' s tax bill . For Council 's information, we have prepared the attached table showing this effect for a 1300-1400 square foot house in the $100,000 price range. As this table shows, the total annual levy (including Mello-Roos for schools, Assessment District 85-2, 86-1 , Maintenance District, and property taxes) is within 2% of the price of the house. All prospective purchases of homes in the EastLake Development are provided with a Notice of Special Taxes and Assessments (sample draft attached) which lists the type and amount of the special levy. This notice is intended to assure that the prospective owner is fully aware and agrees to methods chosen to finance the public facilities serving his/her home. Through the adoption of the resolutions, Council will : a. Order appropriate changes or modifications to be proceedings and the Engineer' s "Report. " b. Deny any protests received, either oral or written. c. Approve a contract pertaining to ownership of certain water improvements. d. Approve the contribution. e. Accept works of improvement and approve "As-Built Certificate. " f. Confirm the assessments. g. Authorize the issuance of bonds to finance the improvements. h. Accept the proposal for the sale of bonds. Staff and the consultants will be available at the Council meeting to answer questions. FISCAL IMPACT: There will be no cost to the City. The Assessment District will provide funds for all costs. WPC 2216E