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HomeMy WebLinkAbout2001-06-26 - RESOLUTIONS - SC BUSINESS PARK CFD (2)ORDINANCE NO. CFD 99-1-3 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF SANTA CLARITA COMMUNITY FACILITIES DISTRICT NO. 99-1 (SANTA CLARITA BUSINESS PAR1Q AMENDING ORDINANCE NOS. CFD 99-1-1 AND 99-1-2 WHEREAS, on November 30, 1999, the City Council (the "Council") of the City of Santa Clarita, California (the "City"), acting as the legislative body of the City of Santa Clarita Community Facilities District No. 99-1 (the "CFD"), adopted Ordinance No. CFD 99-1-1, authorizing the levy of a special tax within the CFD, pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (the "Act"); and WHEREAS, the Council received a consent to annex certain of the designated future annexation area ("Annexation No. 1") into the CFD, and on January 25, 2000, the Council annexed Annexation No. 1 into the CFD; and WHEREAS, the Council did declare its intention, and thereafter hold an election and approve certain modifications to the CFD, namely, the prioritization of certain authorized facilities, the amendment of the rate and method of apportionment, and the reduction of the authorization of indebtedness to be issued by the CFD from a maximum aggregate principal amount of $33,000,000 to $18,000,000; and WHEREAS, the Council did declare its intention, and thereafter hold an election, and subject to certain conditions as to its effectiveness, did approve certain modifications to the CFD, namely, the elimination of certain properties, the substitution of authorized facilities, the modification of the rate and method of apportionment of the special taxes, and the elimination of the authorization of bonded indebtedness of the CFD; and WHEREAS, on June 12, 2001, the Council adopted a Resolution (the `Resolution of Change"), authorizing the changes to the CFD and approving an Amended CFD Report, including an Amended Rate and Method ("Amended RMA"). THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF SANTA CLARITA COMMUNITY FACILITIES DISTRICT NO. 99-1 (SANTA CLARITA BUSINESS PARI), DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Following the date the changes approved by the election held on June 12, 2001 become effective, Ordinance No. CFD 99-1-1 and Ordinance No. CFD No. 99-1-2 are hereby amended as follows: a. All references to Exhibit "A," consisting of the rate and method of apportionment, in Sections 1 and 2, shall refer to the Amended RMA attached hereto as Exhibit "A." b. All references to Resolution No. CFD 99-3, in Section 3 of Ordinance No. CFD 99-1-1, shall also include the Resolution of Change. c. All references to the CFD shall refer to the amended boundaries of the CFD as approved by the Resolution of Change. SECTION 2. Except as otherwise amended in Section 1 above, Ordinance Nos. CFD 99-1-1 and Ordinance No. CFD 99-1-2 remains in full force and effect. SECTION 3. The Mayor shall sign this Ordinance, and the City Clerk shall attest to such signature. The City Clerk is directed to cause the title and summary or text of this Ordinance, together with the vote thereon, to be published within fifteen (15) days after its passage, at least once in a newspaper of general circulation, published and circulated within the territorial jurisdiction of the City, and to post at the main office of the City a certified copy of the full text of the adopted Ordinance, along with the names of the Councilmembers voting for and against the Ordinance. SECTION 4. This Ordinance relating to the levy of the special tax, takes effect and shall be in force immediately after the date of final passage, pursuant to Section 36937(a) of the California Government Code. PASSED AND APPROVED this 26' day of June 2001. ATTEST: 34-4x� A QW<D.,, CITY CLERK STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) ss. CITY OF SANTA CLARITA ) I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Ordinance No. CFD 99-1-3 was regularly introduced and placed upon its first reading at a regular meeting of the City Council, acting as the legislative body of the City of Santa Clarita Community Facilities District No. 99-1 (Santa Clarita Business Park) on the 12' day of June 2001. That thereafter, said Ordinance was duly passed an adopted at a regular meeting of the City Council on the 26' day of June 2001 by the following vote, to wit: AYES: COUNCILMEMBERS: Kellar, Ferry, Smyth, Darcy, Weste NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None CITY CLERK 9a=Wicvn.W&fiMU ..a« EXHIBIT A AMENDED AND RESTATED COMMUNITY FACILITIES DISTRICT REPORT MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 CITY OF SANTA CLARITA COMMUNITY FACILITIES DISTRICT NO. 99-1 (SANTA CLARITA BUSINESS PARI APRIL 24, 2001 I. WHEREAS, the City Council of the City of Santa Clarita (hereinafter referred to as the "Council" did, pursuant to the provisions of the "Mello -Roos Community Facilities Act of 1982," being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (hereinafter referred to as the "Act'), and specifically Section 53321.5 thereof, expressly order and approve a written report in connection with the formation of a community facilities district known as City of Santa Clarity Community Facilities District No. 99-1 (Santa Clarita Business Park) (hereinafter referred to as "CFD No. 99-1") and WHEREAS, said report was amended and restated on April 20, 2000, and, pursuant to a Resolution of Consideration of Certain Changes to the CFD No. 99-1 (the "Resolution of Consideration") adopted by the Council is hereby again amended and restated (the "Amended Report") to propose (a) the elimination of certain property from the District; (b) the substitution of public facilities; (c) the modification of the rate and method of apportionment and, (d) the elimination of authorized debt for CFD No. 99-1; and WHEREAS, the Resolution of Intention of the Council to Establish Community Facilities District No. 99-1 (Santa Clarita Business Park) and to Authorize the Levy a Special Tax within Community Facilities No. 99-1 (hereinafter referred to as the "Resolution of Intention") and the Resolution of Consideration did direct that said Report generally contain the following: 1. A brief description of the public facilities by type which are to be substituted and which are required to meet the needs of CFD No. 99-1; and 2. An estimate of the cost for providing the public facilities and an estimate of the fair and reasonable cost of completed facilities. NOW, THEREFORE, I the Director of Administrative Services, on behalf of the officers of the City of Santa Clarita, directed to prepare this Amended Report or cause this Amended Report to be prepared pursuant to the provisions of the Act, do hereby submit this Amended Report. U. PROTECT DESCRIPTION The purpose of CFD No. 99-1 is to finance a portion of the design, construction, improvement and/or acquisition of certain public facilities consisting of an interchange which benefit the property within CFD No. 99-1. The public facilities to be financed by CFD No. 99-1 are described in Section III below. CFD No. 99-1 is proposed to be amended to consist of approximately 65 gross acres, thereby eliminating the Ruether Avenue Business Park project and certain other parcels currently within the boundaries of CFD No. 99-1. An amended boundary map for CFD No. 99-1 is described in Section VI below. M. DESCRIPTION AND ESTIMATED COST OF PROPOSED FACILITIES A. Description of Proposed Public Improvements A CFD may provide for the purchase, construction, expansion or rehabilitation of any real or tangible property, including public facilities and infrastructure improvements, with an estimated useful life of five (5) years or longer, which is necessary to meet the increased demands placed upon local agencies as a result of development or rehabilitation occurring within the community facilities district. In addition, a CFD may pay in full all amounts necessary to eliminate any fixed special assessment liens or to pay, repay, defense any obligation to pay for any indebtedness secured by any tax, fee, charge or assessment levied within the area of the CFD. The facilities described in this Amended Report are all facilities which the City or a public agency is authorized to own, construct or contribute revenue to, and which are required, in part, to meet the needs of CFD No. 99-1. The improvements which may be financed consist of road improvements for the intersection at Golden Valley Road and Soledad Canyon Road, bounded by the northern tract line of Tentative Tract 42670 at Golden Valley Road through the on and off -ramps of the bridge structure to Soledad Canyon Road and any direct or indirect interim improvements constructed to facilitate the above-described road improvements, including the widening of the at -grade crossing of Soledad Canyon Road and Golden Oak Road, Ruether Avenue and Rainbow Glen Drive. These improvements shall be either an at -grade crossing or a grade separation crossing and shall improve access between Soledad Canyon Road and the property located within CFD No. 99-1. The improvements do not include any extension of Golden Valley Road that crosses over the Santa Clara River or connects to Newhall Ranch Road or any portion thereof. The improvements do include direct and indirect incidental expenses for the public facilities including the costs of planning and designing the public facilities, environmental evaluations, and administering CFD No. 99-1. This list of facilities is substituted for the list of facilities described in earlier reports and shall be the only facilities authorized for CFD No. 99-1. It is not anticipated that CFD funds shall be adequate to finance all authorized facilities. The Special Taxes required to pay for a portion of the design, construction, acquisition or financing of said facilities will be apportioned as described in the Amended Rate and Method of Apportionment of the Special Tax for CFD No. 99-1. B. Estimated Cost of Proposed Public Improvements The facilities and the estimated costs herein are subject to review and confirmation. The costs listed in Table 1 below are estimates only, based upon current construction estimates and the actual approved type of structure for the improvements and their actual costs may differ from those estimates herein. It is not anticipated that CFD funds shall be adequate to finance all improvement costs. TABLE 1 Improvements(a) Estimated Cost Golden Valley Road/Soledad Canyon Road Interchange Design $ 1,000,000 Right -of Way 6,900,000 Construction 15,830,000 Construction Management/Inspection 1,000,000 Contingency (20% of Construction) 3,166,000 SubTotal $27,896,000 Interim Improvements(b) . $ 400,000 TOTAL $28,296,000 (a) Costs are based on a grade -separated crossing. The ultimate City -approved structure may be either an at -grade crossing or a grade -separation crossing. (b) Consists of widening of the at -grade crossing of Soledad Canyon Road and Golden Oak Road, Ruether Avenue and Rainbow Glen Drive. IV. BONDED INDEBTEDNESS The maximum authorized bonded indebtedness for CFD No. 99-1 is $0. Upon recordation of the amended lien for CFD No. 99-1, the previously authorized bonded indebtedness is eliminated. V. RATE AND METHOD OF APPORTIONMENT OF THE SPECIAL TAX All of the property located within CFD No. 99-1, unless exempted by law or by the Amended Rate and Method, shall be taxed for the purpose of providing a portion of the authorized facilities. Pursuant to Section 53325.3 of the Act, the tax imposed `tis a special tax and not a special assessment, and there is no requirement that the tax be apportioned on the basis of benefit to any property." The Special Tax "may be based on benefit received by parcels of real property, the cost of making facilities or authorized services available to each parcel, or other reasonable basis determined by the legislative body," although the Special Tax may not be apportioned on an ad valorem basis pursuant to Article XMA of the California Constitution. As shown on Exhibit A, the adopted Amended Rate and Method of Apportionment provides information sufficient to allow each property owner within CFD No. 99-1 to estimate the maximum Special Tax he or she will be required to pay. VI. BOUNDARIES OF COMMUNITY FACILITIES DISTRICT The boundaries of CFD No. 99-1 include all land on which the Special Taxes may be levied. A map of the area included within CFD No. 99-1 is provided as Exhibit B. VII. GENERAL TERMS AND CONDITIONS A. Substitute Facilities The description of the public facilities, as set forth herein, is general in nature. The final nature, location, and costs of improvements and facilities will be determined upon the preparation of final plans and specifications, The final plans and specifications may show substitutes, in lieu of or modifications to the proposed work in order to accomplish the work of improvement, and any such substitution shall not be a change or modification in the proceedings as long as the facilities provide a service substantially similar to that set forth in this Amended Report. B. Anneals Any landowner that feels the amount of the Special Tax is in error may file a written notice with CFD No. 99-1 appealing the levy of the Special Tax. As appropriate, a representative of CFD No. 99-1 will then review the appeal and, if necessary, meet the appellant. If the findings of the representative verify that the amount of the Special Tax should be modified or changed, then, as appropriate, the Council or its designee may correct the Special Tax levy. C. Prepayment of Special Tax The Special Tax applicable to an Assessor's Parcel may be prepaid in whole or in part prior to the date such tax is due. An owner of an Assessor's Parcel intending to prepay shall provide) CFD No 99-1 with written notice of intent to prepay. With respect to an Assessor's Parcel which is fully prepaid or has made payment in full, CFD No. 99-1 shall cause a suitable notice to be recorded in compliance with the Act, to indicate full prepayment or payment in full of the Special Tax and release of the Special Tax lien on such Assessor's Parcel, and the obligation of such Assessor's Parcel to pay the Special Tax shall cease. —E Xrn: IT A AMENDED RATE AND METHOD OF APPORTIO The Special Tax in full as set forth on the following table for each Assessor's Parcel shall be due and payable to CFD No. 99-1 immediately prior to the issuance of a building permit by the City of Santa Clarita for such Assessor's Parcel. An "Assessor's Parcel" shall mean a lot or parcel shown in an official map of the County Assessor for the County of Los Angeles designating parcels by Assessor's parcel numbers. The Special Taxes have been allocated based on gross acreage of the Assessor's Parcel. An Assessor's Parcel may be split into one or more new Assessor's Parcels and the Special Tax assigned to the original Assessor's Parcel shall be allocated to the new Assessor's Parcels proportionately based on gross acreage. The following Table sets forth the amount of the Special Tax due for each Assessor's Parcel. CFD # Assessor's Parcel # Gross Acreage Special Tax / Gross Acre Special Tax Due 1 2836-015-02_ Lot 1 10.280 $34,313.65 $352,745.24 2 2836-015-02_ Lot 2 5.950 $34,313.65 $204,166.66 3 2836-015-02_ Lot 3 4.080 $34,313.65 $140,000.15 4 2836-015-02_ Lot 4 2.863 $34,313.65 $ 98,236.03 5 2836-015-02_ Lot 5 3.880 $34,313.65 $133,137.41 6 2836-015-02_ Lot 6 3.470 $34,313.65 $119,068.46 7 2836-015-02_Lot 7 3.940 $34,313.65 $135,195.76 8 2836-015-02_ Lot 8 4.290 $34,313.65 $147,205.56 9 2836-015-02_ Lot 9 4.100 $34,313.65 $140,686.27 10 2836-015-02 Lot 10 4.440 $34,313.65 $152,352.62 11 2836-015-02_ Lot 79 6.480 $34,313.65 $222,352.62 12 2836-015-02_Lot 80 5.440 $34,313.65 $186,666.34 13 2836-015-02_Lot 81 5.630 $34,313.65 $193,186.42 64.843 $2,225,000.00 N A i00 0 500 Feet Golden Oak lj�� Road lq "ABTJY-= PAR=" LOTS 1-10 & 79-81 M-14 go I 1 1.) v a 61110110 1� . ........ . ........... . go sit: TR. Site W—M-10.01a,11 70 38.2 Aqre o Site P -4 7 7 7 7. 12 Acre Site W—M-10.01a,11 70 38.2 Aqre o Site The following Table sets forth the amount of the Special Tax due for each Assessor's Parcel. Special Tax / Assessor's Parcel Gross Gross Square Gross Square CFD # Number Acreage Footage Footage Special Tax Due 1 2836-015-02_ Lot 1 10.28 447,796.80 $34,699.20 $356,707.78 2 2836-015-02_ Lot 2 5.95 259,182.00 $34,699.20 $206,460.24 3 2836-015-02_ Lot 3 4.08 177,724.80 $34,699.20 $141,572.74 4 2836-015-02_ Lot 4 2.863 124,712.28 $34,699.20 $99,343.81 5 2836-015-02_ Lot 5 3.88 169,012.80 $34,699.20 $134,632.90 6 2836-015-02_ Lot 6 3.47 151,153.20 $34,699.20 $120,406.22 7 2836-015-02_ Lot 7 3.94 171,626.40 $34,699.20 $136,714.85 8 2836-015-02_ Lot 8 4.29 186,872.40 $34,699.20 $148,859.57 9 2836-015-02_ Lot 9 4.1 178,596.00 $34,699.20 $142,266:72 10 2836-015-02_ Lot 10 4.44 193,406.40 $34,699.20 $154,064.45 11 2836-015-02_ Lot 79 6.48 282,268.80 $34,699.20 $224,850.82 12 2836-015-02_ Lot 80 5.44 236,966.40 $34,699.20 $188,763.65 13 2836-015-02_ Lot 81L33 245,242.80 $34,699.20 $195.356.50 64.843 2,824,561.08 $2,250,000.23