Title
Recommendation to Accept and File the Community Facilities District No. 13-1 (Alameda Landing Public Improvements) Report for Fiscal Year Ending June 30, 2015 and the Community Facilities District No. 13-2 (Alameda Landing Municipal Services District) Report for Fiscal Year End June 30, 2015. (Finance 2410)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Recommendation to Accept and File the Community Facilities District No. 13-1 (Alameda Landing Public Improvements) Report for Fiscal Year Ending June 30, 2015 and the Community Facilities District No. 13-2 (Alameda Landing Municipal Services District) Report for Fiscal Year End June 30, 2015
BACKGROUND
Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Local Agency Special Tax and Bond Accountability Act. This Act requires that any local special tax or local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax; require that the proceeds of the special tax be applied to those purposes; require the creation of an account into which the proceeds shall be deposited; and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to any local special tax measure or local bond measure adopted on or after January 1, 2001 in accordance with Section 50075.1 or Section 53410 of the California Government Code. As special tax measures, Community Facilities District No. 13-1 (Alameda Landing Public Improvements) and Community Facilities District No. 13-2 (Alameda Landing Municipal Services District) fall within these reporting requirements.
DISCUSSION
The City of Alameda formed Community Facilities District No. 13-1 (Alameda Landing Public Improvements) in 2013 to provide funding for the acquisition and construction of: roadways, sanitary sewer systems and any components thereof, storm w...
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