HomeMy WebLinkAboutReso 2010-178RESOLUTION NO. 2010-178
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2010/2011 WITHIN
COMMUNITY FACILITIES DISTRICTS 06-I AND 07-M; AND
DELEGATING TO THE CITY MANAGER, OR DESIGNEE
THE AUTHORITY TO ESTABLISH THE SPECIAL TAX FOR
EACH DISTRICT
WHEREAS, the maximum Special Tax rates for Community Facilities District 06-I and
07-M; authorized, pursuant to the approved rate and method of apportionment of special taxes
for this community facilities district, to be levied for Fiscal Year 2010/2011 are set forth in
Exhibits A and B, attached hereto and incorporated herein by reference as if set forth in full; and
WHEREAS, this City Council desires to establish the maximum Special Tax rates that
may be levied in Community Facilities Districts 06-I and 07-M in Fiscal Year 2010/2011 at the
rates as set forth in Exhibits A and B hereto and to delegate to and designate the City Manager,
or designee as the official to prepare a certified list of all parcels subject to the Special Tax levy
for each community facilities district including the amount of such Special Tax to be levied on
each parcel for Fiscal Year 2010/2011 as authorized by Government Code Section 53340.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
acting as the legislative body of Community Facilities District 06-I and 07-M respectively, as
follows:
SECTION 1. The foregoing recitals are true and correct.
SECTION 2. This City Council does hereby establish the maximum Special Tax rates
that may be levied for Fiscal Year 2010/2011 in Community Facilities District 06-I and 07-M as
the rates set forth in Exhibits A and B attached hereto.
SECTION 3. Pursuant to Government Code 53340, this City Council hereby delegates
the authority to and designates the City Manager, or designee as the official to prepare and
submit a certified list of all parcels subject to the levy of the Special Tax within the community
facilities district to which this resolution applies including the amount of the Special Tax to be
levied on each parcel for Fiscal Year 2010/2011 and to file such list with the auditor of the
County of San Diego on or before the required date or such other later date with the prior written
consent of such auditor. The amount of the Special Tax to be levied on each such parcel shall be
based upon the budget for each such community facilities district as previously approved by this
City Council and shall not exceed the maximum Special Tax as set forth in Exhibits A and B
hereto applicable to each community facilities district in which such parcel being taxed is
located.
Resolution No. 2010-178
Page 2
Presented by
Approved as to form by
,~
Richazd A. H k B C. Mies
Director of Publi Works qty Atto y
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of July 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: McCann
Cheryl Cox, M or
ATTEST:
~ o/41u,0
Donna R. Norris, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-178 was duly passed, approved, and adopted by the City Council at a
regulaz meeting of the Chula Vista City Council held on the 13th day of July 2010.
Executed this 13th day of July 2010.
/~,~1T.Gt®c. ~~/Yd/~.~il
Donna R. Norris, CMC, City Clerk
Resolution No. 2010-178
Page 3
EXHIBIT A
Community Facilities District No. 06-I
(Eastlake FV~ods, Vistas, mid Land Swap -Bond Isszre)
Land Use Maximum Maximum Projected Estimated
Actual Rate
Catceorv Rate Rate Rate Revenue
Improvcment Arca A (Zone 1 -Vistas):
Residential $0.5800/sf $0.5139/sf $O.SR00/sf $0.5800/sf
Commercial $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Hotel Property $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Undeveloped $11.037/acre $0.00/acre $11,037/acre $11,037/acre
lmprovement Area A (Zone 2 -Woods):
Residential $0.6700/sf $0.5936/sf $0.6700/sf $0.6700/sf
Commercial $6,000/acre $0.00/acre $6,OOD/acre $6,000/acre
Undeveloped $8,332/acre $0.00/acre $8,.;32/acre $8,332/acre
Estimated Revenue Improvement Arca A (Zones 1 and 2) S3,919,399
Improvement Area B (Zonc 3 -Land Swap):
Residential $0.7400/sf $0.7044/sf $0.7400/sf $0.7400/sf
Commercial $6,000/acre $0.00/acre $6,000/acre $6,000/acre
Undeveloped $2Q,563/acre $D.00/acre $2Q,563/acre $ZQ,563/acre
Improvement Area B (Zone 4 -Land Swap):
Residential $0.7400/sf $0.00/sf $0.7400/sf $0.7400/sf
Commercial $6,000/acre $5,711.91/acre $6,000/acre $6,000acre
Undeveloped $6,667/acre $0.00/acre $6,667/acre $6,6671acre
Estimated Revenue lmprovement Area B (Zones 3 and a) ~ Salu,uuo
CFD 06-I finances the acquisition or construction of certain public facilities (i.e., trading,
landscaping, streets, utilities, drainage, sewer, etc.) serving the Eastlake -Woods, Vistas, and
Land Swap project, as well as selected "Traffic Enhancement" facilities within the greater
eastern territories of Chula Vista.
The administration costs of the District for FY 20 1 0130 1 1 are projected to be $75,000 ('as given
in the bond indenture) and scheduled debt service on the bonds is $3397,613.
Resolution No. 2010-178
Page 4
EXH]BITB ,
Community Facilities District No. 07-M
(Eastlake III Woods, Vistas, ar:d Larrd Stivap Opett Space Mairitenaitce)
Land Use Maximum Maximum Projcctcd Estimated
Category Rate Actual Rate Rate Rate Revenue
]mprovement Arca 1:
Residential $O.1369/sf $0.0749sf $0.1369/sf $0.1369/sf
Multi-family $O.1369/sf $0.0749sf $0.1369/sf $0.1369/sf
Non-residential $1,769.91/acre $0.00/acre $1,769.91/acre $1,769.91/acre
Fina! Map $1,769.91/acre $0.00/acre $1,769.91/acre $1,769.91/acre
Other taxable $1,76991/acre $0.00/acre $1,769.91/acre $1,769.91/acre
Property Assoc.
Property $1,769.91/acre $0.00/acre $1,769.9]/acre $1,769.91/acre
Estimated Revenue Area 1:
Improvcment Area 2:
$x37,649
Residential $0.089/sf $0.0735/sf $0.089/sf $0.089/sf
Multi-family $0.089/sf $0.0000/sf $0.089/sf $0.089/sf
Non-residential $490.17/acre $406.99/acre $490.17/acre $490.17/acre
Final Map $1,336.96/acre $0.00/acre $1,336.96/acre $1,336.96/acre
Other taxable $1,336.96/acre $0.00/acre $1,336.96/acre $1,336.96/acre
Propeny Assoc.
Property $1,336.96/acre $0.00/acre $1,336.96/acre $1,336.96/acre
Estimated Revenue Area 2: ~ $121,779
CFD 07-M provides the necessary funding for the perpetual operation and maintenance of
slopes, medians, parkways and storm water treatment facilities associated with Eastlake Ill -
Woods, Vistas, and Land Swap Parcel (south pazcel only) and Annexation No. 1.
The budgets for Fiscal Year 2010/201 I are $560,954 for lmprovetnent Area 1 and $107,802 for
Improvement Area 2.