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HomeMy WebLinkAbout1993-07-13 - RESOLUTIONS - INDUSTRIAL TRAFSIG IMPROV (2)RESOLUTION NO. 93-100 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DECLARING ITS INTENTION TO ORDER CREATION OF ITS INTEGRATED FINANCING DISTRICT NO. 92-5 (VALENCIA INDUSTRIAL CENTER TRAFFIC SIGNAL MPROVEMENTS) OF THE CITY OF SANTA CLARITA. WHEREAS, the City Council ("City Council") of the City of Santa Clarita, California ("City") has requested the institution of proceedings for the construction of certain improvements and payment of incidental expenses by creation of its Integrated Financing District No. 92-5 (Valencia Industrial Center Traffic Signal Improvements) ("District"), as shown on that certain map designated "Proposed Boundaries of Integrated Financing District No. 92-5", attached hereto and incorporated herein as Exhibit "A"; and WHEREAS, the City Council of the City has considered all matters relating to the proposed financing and construction of certain public improvements in the vicinity of the Valencia Industrial Center pursuant to the Integrated Financing District Act ("Financing District Act") and the Landscaping and Lighting Act of 1972 (" 1972 Act"), and specifically for the levy of contingent assessments ("Assessments") against properties within the District, a description of the rate and method of apportionment for such Assessments being attached hereto and incorporated herein as Exhibit "B"; and WHEREAS, the Financing District Act provides an alternative method of financing the improvements, by authorizing the Assessments which are contingent upon the development of land and which may be made payable at the time of approval of a tentative subdivision map, vesting tentative subdivision map, final subdivision map, zoning change, or upon receipt of a building permit for any parcels which have already received all other required approvals for development; and WHEREAS, the Financing District Act authorizes proceedings to create an integrated financing district to be combined with formation proceedings under the 1972 Act; and WHEREAS, the Financing District Act authorizes the legislative bodies of two or more local agencies to enter into an agreement to exercise any power authorized by the Financing District Act or the 1972 Act; and [WHEREAS, the County of Los Angeles ("County") and the City intend for the Newhall Land and Farming Company, a California limited partnership ("Developer") to commence construction of certain improvements and the Developer is willing and able to advance moneys or work -in-kind or commit to advance moneys or work -in-kind at such time and in sufficient amounts so that Improvements may be completed; and [WHEREAS, a portion of the improvements within the County's jurisdiction, when constructed by the Developer to the County's satisfaction and pursuant to an engineer's report, shall be accepted for ownership, operation and maintenance by the County pursuant to a Joint Public Facilities Agreement dated August 28, 1992 (the "Agreement"), by and between the County and the City; and [WHEREAS, a portion of the improvements within the City's jurisdiction, when constructed by the Developer to the City's satisfaction and pursuant to an engineer's report, shall be accepted for ownership, operation and maintenance by the City pursuant to the Agreement; and] WHEREAS, the City Council intends that a public hearing on the formation of the District under the Financing District Act will be combined with the public hearing required pursuant to the 1972 Act, with notice of the hearing to be made in the manner required by the 1972 Act; NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND DECLARED by the City Council of the City of Santa Clarita, California as follows: SECTION 1. The above recitals are all true and correct. SECTION 2. The public interest, convenience and necessity require, and it is the intention of the City Council, pursuant to the provisions of the Financing District Act and the 1972 Act, to order construction of the improvements within the District boundaries shown in Exhibit "A". SECTION 3. The City Council has determined to proceed in forming an integrated financing district pursuant to the Financing District Act and the 1972 Act. SECTION 4. The area to be benefitted by said improvements and to be assessed to pay the costs and expenses thereof and to be known as Integrated Financing District No. 92-5 (Valencia Industrial Center Traffic Signal Improvements) of the, City of Santa Clarita shall be that part of the District having exterior boundaries as shown on Exhibit "A", which map is on file in the office of the City Clerk. Reference hereby is made to that map and exhibit for -2- a full and complete description of the proposed assessment district, and "Exhibit A" shall govern all details as to the extent of the boundaries of the proposed District. SECTION 5. The Engineer of Work shall furnish to the City Council a report in writing pursuant to the 1972 Act, presenting the following: (I) Plans and specifications of the proposed project; and (2) An estimate of the costs of the proposed project, including incidental costs and expenses in connection therewith; and (3) A diagram showing the proposed assessment district; and (4) A proposed assessment of the total amount of the cost and expenses of the proposed improvement (meeting the requirements of Street and HighwaYS Code § 22569). (SECTION 6. Each contract shall be let to the lowest responsible bidder. The City Clerk shall publish notice inviting sealed proposals for each contract pursuant to Government Code Section 6066, or by such posting as the City may provide. The time fixed for the opening of bids shall not be less than fourteen (14) days after the first publication or posting of the notice.] �— SECTION 7. The public interest, convenience and necessity require that certain land, rights-of-way, easements and improvements be obtained in order to fulfill the purposes proposed for the assessment district. For a general description of the location and extent of the easements or lands necessary to be acquired, reference is made to Exhibit "A" on file with the City Clerk. SECTION 8. If any excess shall be realized from the assessment, it shall be used, in such amounts as the City Council may determine, in accordance with the provisions of law, for one or more of the following purposes: A. Transfer to the general fund of the City; provided that the amount of any such transfer shall not exceed the lesser of One Thousand Dollars ($1,000.00) or five percent (5%) of the total from the Improvement Fund (as defined herein); B. As a credit upon the assessment and any supplemental assessment; or C. For the maintenance of the improvement. SECTION 9. A special improvement fund identified and designated by the name of Integrated Financing District No. 92-5 (Valencia Industrial Center Traffic Signal Improvements) Improvement Fund hereby is established (the "Improvement Fund"), and into -3- said fund monies may be transferred at any time to expedite the making of the improvements herein authorized, and any such advance of funds is a loan and shall be repaid out of the Assessments as authorized by law. SECTION 10. The City Engineer, whose telephone number is (805) 259-2489, hereby is designated by the City Council to answer inquiries regarding the hearing procedures for the Resolution of Intention and to answer inquiries relative to any hearing or proceedings concerning this project where it is required by statute that such agency and telephone number be so designated and provided. SECTION 11. All public agency property in the use and performance of a public function shall be omitted from assessment in these proceedings unless expressly provided and listed here. [SECTION 12. As authorized by the Financing District Act, after formation of the District the City intends to execute a Reimbursement Agreement ("Reimbursement Agreement") to repay funds advanced by the Developer to fund the improvements. The Reimbursement Agreement will be executed pursuant to the terms of Section 53190.5 of the Financing District Act.] SECTION 13. The public hearing required by Section 53183 of the Financing District Act shall be combined with the public hearing required by the 1972 Act. At the time and place to be designated for the public hearing, any owner of property liable to be assessed pursuant to this Resolution of Intention may make a written protest, which shall be heard and passed upon by the City Council. Reference is made to Section 53183 of the Financing District Act for further particulars, the terms of which are incorporated herein by reference. SECTION 14. The City Clerk shall certify the adoption of this Resolution. -4- 1993. PASSED, APPROVED AND ADOPTED this 13th day of 9�7'7� w, xz l_ or ATTEST: C' Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA ) , City Clerk, DO HEREBY CERTIFY that the above and foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the 13th day of July , 1993 by the following vote of Council: AYES: COUNCII.MEMBERS: Boyer, Darcy, IQajic, Pederson, Heidt NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None .g. jt�erk r e N W J r a a¢ O CC oZ N Wa C CO aW~OCa O.JZZ� a>vcro fill _______________ ---------------------- -------------------- . I SII \ ENRIBIT OW PRELIMINARY REPORT OF ENGINEER FOR CITY OF SANTA CLARITA INTEGRATED FINANCING ASSESSMENT DISTRICT NO. 92-5 VALENCIA INDUSTRIAL CENTER TRAFFIC SIGNAL IMPROVEMENTS III. EXPLANATION OF FEES City of Santa Clarita Fees will be determined by dividing the total assessment cost by the number of undeveloped acres, Including that acreage for which an Interim fee has already been paid. Fees are payable upon approval by the City Council or Board of Supervisors of a subdivision map or Issuance of a building permit, whichever occurs first. The City, County, or any developer may construct the Intersection Improvements as mutually agreed upon. Once the District is established, Newhall Land and Farming will fund the cost of the traffic signal Improvements to the Avenue Scott/Rye Canyon Road and the Avenue Scott/Avenue e Tibbits Intersections If warranted. Newhall Land and Fanning will also fund up to $8,000 for City costs to establish this district. The City shall establish the district and collect the fees which shall be kept In a separate Interest bearing account and not commingled with other City funds. Reimbursement payments will be made quarterly from fees collected by the City based on the earliest date of the expenditure of funds for traffic Improvements. After all the lots are built upon or fees collected from all the lost obligated to pay fees, an accounting shall be made of the district account. If all three signals have been Installed and appropriate reimbursements made to the entity/entitles which Installed the signal, any fees totaling In excess of $20,000 shall be refunded to the payees of the original fees based on a ratio of their fees to the total fees collected. Fees totaling less than $20,000 In the combined County/City funds shall be used for signal maintenance of the signals within the District. If any of the three signals have not yet been Installed, a warrant analysis should be done and If that location(s) meets 75 percent or more of any of the Improvements, these funds should be retained for a period of one year. At the end of this year, If warrants as indicated above are still not met, excess fees collected shall be refunded to the owners of record at that time. After the final accounting has been done, the district shall be dissolved. Once this district Is established with the appropriate fee, adjustments or refunds should Immediately be made to all having paid the current In4lou fee of $4,500 per acre. Funds provided to Initiate and establish this district must be Included in district costs and be refunded to the payee from collected fees. .11NY I. DESCRIPTION OF SERVICE Traffic Signal Fees are necessary to fund improvements at existing or new intersections as a result of Increased traffic needs to accommodate new development. Traffic Signal Fees would be considered as the developer's "fair share" contribution to mitigate incremental traffic Impacts of their projects. When these projects are relatively small, their traffic Impact is considered "Insignificant." However, the accumulated development Impacts are significant. Significance is defined as any Impact of traffic created by the project which results In a change in the volume/capaclty ratio of more than two percentage points. This fee Is Intended to provide for Improvements to intersections for traffic signal Improvements only. The Valencia Industrial Center, located in the northwest comer of the City of Santa Clartta, is situated in both the City and the unincorporated area of the County. As a result of traffic Impact studies, it has been determined that there is a need for three traffic signals within the center. • Avenue Scott and Rye Canyon Road (City) • Avenue Scott and Avenue Tlbblts (unincorporated County) • One intersection to be determined at a later date The Improvements will consist of traffic signals only. Once the district Is established, an analysis of the two existing intersections will be done to determine If signalization is warranted as well as the priority for installation. If signalization is not warranted, further warrant analysis will be performed as traffic volumes Increase or accident occurrences dictate that a new analysis be performed. The parcels and assessments Included herein do not Include any prior unpaid special assessments. The current total true value of land and Improvements on.the parcels listed In Exhibit "C" based on 1993 assessor Information Is $49,089,700. The proposed district will not include more than three proposed signalized Intersections