Title
Adoption of Resolution Declaring Results of Special Election in Community Facilities District No. 17-1 (Alameda Point Public Services District), Determining That Alteration of the Rate and Method of Apportionment of Special Taxes for the District is Lawfully Authorized, and Directing Recording of an Amendment to Notice of Special Tax Lien. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: David L. Rudat, Interim City Manager
EXECUTIVE SUMMARY
On October 16, the City Council approved a resolution calling a special election in Community Facilities District No. 17-1 to alter the Rate and Method of Apportionment of Special Taxes in the District (RMA). The election was conducted by mail ballot with ballots due on December 6, 2018. The City Clerk has canvassed the election and has determined that more than two-thirds of the ballots cast in the election were in favor of the measure.
This staff report recommends adoption of a resolution declaring the results of the election and directing the City Clerk to record a first amendment to the previously recorded Notice of Special Tax Lien for the District.
BACKGROUND
On March 21, 2017, the City Council adopted Resolution No. 15249 pursuant to which it formed the City of Alameda Community Facilities District No. 17-1 (Alameda Point Public Services District) (CFD), in connection with the development of Alameda Point. The CFD was established in order to finance annual public services and transportation demand management services and programs associated with the development of the 68-acre Site A development. Other areas of Alameda Point are included in a "Future Annexation Area" for the CFD and are to be annexed into the CFD prior to their transfer to private property owners. The first such annexation occurred on March 15, 2018, in connection with a transfer of a portion of the Site A land.
The Resolution that formed the CFD approved a RMA, which set forth the manner in which t...
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