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SUMMARY: Recommendation to Accept and File Various Community Facilities Districts (CFD) Reports for Fiscal Year Ending June 30, 2018
Recommendation to Accept and File CFD No. 03-1 (Bayport Municipal Services District) Report for the Fiscal Year (FY) Ending June 30, 2018; CFD No. 13-1 (Alameda Landing Public Improvements) Report for FY Ending June 30, 2018; CFD No. 13-2 (Alameda Landing Municipal Services District) Report for FY Ending June 30, 2018; CFD District No. 14-1 (Marina Cove II) Report for FY Ending June 30, 2018; and CFD No. 17-1 (Alameda Point Public Services District) Report for FY Ending June 30, 2018. (Finance 2410)
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To: Honorable Mayor and Members of the City Council
From: David L. Rudat, Interim City Manager
EXECUTIVE SUMMARY
Receive and accept the CFD No. 03-1 (Bayport Municipal Services District) Report; the CFD No. 13-1 (Alameda Landing Public Improvements) Report; the CFD No. 13-2 (Alameda Landing Municipal Services District) Report; the CFD No. 14-1 (Marina Cove II) Report; and the CFD No. 17-1 (Alameda Point Public Services District) Report for Fiscal Year Ending June 30, 2018. These reports are intended to comply with the requirements of the Local Agency Special Tax Bond and Accountability Act.
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 ...
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