File #: 2022-2573   
Type: Consent Calendar Item
Body: City Council
On agenda: 12/6/2022
Title: Recommendation to Accept and File Various Community Facilities Districts (CFD) Reports for Fiscal Year (FY) Ending June 30, 2022, including: CFD No. 03-1 (Bayport Municipal Services District); CFD No. 13-1 (Alameda Landing Public Improvements); CFD No. 13-2 (Alameda Landing Municipal Services District); CFD District No. 14-1 (Marina Cove II); and CFD No. 17-1 (Alameda Point Public Services District). (Finance 10024051)
Attachments: 1. Exhibit 1 - Annual Reports, 2. Supplemental Memo

Title

 

Recommendation to Accept and File Various Community Facilities Districts (CFD) Reports for Fiscal Year (FY) Ending June 30, 2022, including: CFD No. 03-1 (Bayport Municipal Services District); CFD No. 13-1 (Alameda Landing Public Improvements); CFD No. 13-2 (Alameda Landing Municipal Services District); CFD District No. 14-1 (Marina Cove II); and CFD No. 17-1 (Alameda Point Public Services District). (Finance 10024051)

Body

 

To: Honorable Mayor and Members of the City Council

 

EXECUTIVE SUMMARY

 

The following reports are intended to comply with the requirements of the Local Agency Special Tax Bond and Accountability Act (the Act):

                     CFD No. 03-1 (Bayport Municipal Services District) Report;

                     CFD No. 13-1 (Alameda Landing Public Improvements) Report;

                     CFD No. 13-2 (Alameda Landing Municipal Services District) Report;

                     CFD No. 14-1 (Marina Cove II) Report; and

                     CFD No. 17-1 (Alameda Point Public Services District) Report for Fiscal Year Ending June 30, 2022.

 

The City Council is being asked to receive and accept these reports.

 

BACKGROUND

 

Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Act. The 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; requires that the proceeds of the special tax be applied to those purposes; requires the creation of an account into which the proceeds shall be deposited; and requires 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, CFD No. 03-1 (Bayport Municipal Services District), CFD No. 13-1 (Alameda Landing Public Improvements), CFD No. 13-2 (Alameda Landing Municipal Services District), CFD No. 14-1 (Marina Cove II) and CFD No. 17-1 (Alameda Point Public Services District) fall within these reporting requirements.

 

DISCUSSION

 

The City of Alameda (City) formed CFD No. 03-1 (Bayport Municipal Services District Bayport District) in 2003 to provide funding for police services and maintenance of publicly owned streets, paved walkways, a storm drain detention basin, a sanitary sewer pump station, a four-acre city park, a permanent outfall structure and a storm water treatment facility. CFD No. 03-1 was formed pursuant to the City’s Special Tax Financing Improvement Code. No bonds were issued for CFD No. 03-1 and the Special Tax is projected to be levied in perpetuity.

 

The City formed CFD No. 13-1 (Alameda Landing Public Improvements) in 2014 to provide funding for the acquisition and construction of roadways, sanitary sewer systems and any components thereof, storm water drainage systems and any components thereof, water systems and any components thereof, parks and park improvements, curbs, gutters and sidewalks, and street lights and traffic signals. CFD 13-1 was formed pursuant to the City’s Special Tax Financing Improvement Code

In 2016, the City issued the CFD No. 13-1 (Alameda Landing Public Improvements) 2016 Special Tax Bonds in the amount of $15,415,000. An additional series of bonds in the amount of $21,920,000 was issued in October 2021 (Series 2021). The total bond amount authorized for CFD No. 13-1 is $40,000,000.

The City formed CFD No. 13-2 (Alameda Landing Municipal Services District) in 2014 to provide funding for police services and maintenance of bus shelters and bus stops, publicly owned streets, paved walkways, a storm drainage systems, public signage, and landscaping in public areas. CFD No. 13-2 was formed pursuant to the City’s Special Tax Financing Improvement Code. No bonds were issued for CFD No. 13-2 and the Special Tax is projected to be levied in perpetuity.

The City formed CFD No. 14-1 (Marina Cove II) in 2014 to provide funding for police services and maintenance of publicly owned streets, paved walkways, a storm drain detention basin, a sanitary sewer pump station, a four-acre city park, a permanent outfall structure and storm water treatment facility. CFD No. 14-1 was formed pursuant to the City’s Special Tax Financing Improvement Code. No bonds were issued for CFD No. 14-1 and the Special Tax is projected to be levied in perpetuity.

The City formed CFD No. 17-1 (Alameda Point Public Services District) in 2017 to provide funding for police and fire protection services, maintenance of bus shelters and bus stops, landscaping and publicly owned structures, public easements and public right of way, sanitary sewers, sidewalks and public containers for integrated waste, public signage, flood protection facilities, storm drainage systems, resurfacing of streets and roadways, street lighting, traffic signals, graffiti removal, and transportation demand management services and expenses. CFD No. 17-1 was formed pursuant to the City’s Special Tax Financing Improvement Code. The City will not issue bonds for CFD No. 17-1 and projects to levy the special tax in perpetuity.

 

The attached annual reports for CFD No. 03-1 (Bayport Municipal Services District), CFD No. 13-1 (Alameda Landing Public Improvements), CFD No. 13-2 (Alameda Landing Municipal Services District), CFD No. 14-1 (Marina Cove II) and CFD No. 17-1 (Alameda Point Public Services District) intend to comply with the requirements of the Act.

 

ALTERNATIVES

 

                     Accept the report.

                     Request additional information from staff.

 

FINANCIAL IMPACT

 

There is no financial impact from acceptance of these reports.

 

MUNICIPAL CODE/POLICY DOCUMENT CROSS REFERENCE

 

This action is consistent with the Alameda Municipal Code.

 

ENVIRONMENTAL REVIEW

 

This activity is not a project and is exempt from the California Environmental Quality Act (CEQA) pursuant to section 15378(b)(4) of the CEQA Guidelines, because it involves governmental fiscal activities, which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.

 

CLIMATE IMPACT

 

There are no identifiable climate impacts or climate action opportunities associated with acceptance of this report. 

 

RECOMMENDATION

 

Accept and File the CFD No. 03-1 (Bayport Municipal Services District) Report for the Fiscal Year ending June 30, 2022; the CFD No. 13-1 (Alameda Landing Public Improvements) Report for Fiscal Year ending June 30, 2022; the CFD No. 13-2 (Alameda Landing Municipal Services District) Report for Fiscal Year ending June 30, 2022; the CFD No. 14-1 (Marina Cove II) Report for Fiscal Year ending June 30, 2022; and the CFD No. 17-1 (Alameda Point Public Services District) Report for Fiscal Year ending June 30, 2022.

 

Respectfully submitted,

Margaret O’Brien, Finance Director

 

By,

Philip Chang, Budget Analyst

 

Financial Impact section reviewed,

Margaret O’Brien, Finance Director

 

Exhibit: 

1.                     Annual Reports

 

cc:                     Erin Smith, City Manager