Title
Proposed Changes to Improvement Area No. 3, Designate a new Improvement Area No. 4 of the Delta Shores Community Facilities District No. 2019-01 (Improvements), and Propose the Levy of a Special Tax in and the Incurrence of Debt for Improvement Area No. 4
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FileID
File ID: 2026-00540
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Location
Location: District 8
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Recommendation
Recommendation: Adopt a Resolution: 1) considering changes to the boundaries of Improvement Area No. 3 (IA-3) of the Delta Shores Community Facilities District No. 2019-01 (Improvements) (CFD) and to the Rate and Method of Apportionment (RMA) of Special Tax, the appropriations limit, the authorized amount of bonded indebtedness and the public facilities authorized to be financed in and for IA-3 of the CFD; 2) designating a new Improvement Area No. 4 (IA-4) of the CFD and proposing the levy of new special tax in IA-4 to finance the acquisition and construction of certain public facilities; and 3) declaring the necessity to incur bonded indebtedness in and for IA-4.
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Contact
Contact: Jessica Steinhauer, Senior Development Project Manager, (916) 808-8243, jsteinhauer@cityofsacramento.org; Eric Frederick, Special Districts Manager, (916) 808-5129, efrederick@cityofsacramento.org; Department of Finance
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Background
3-Schedule of Proceedings
4-Resolution of Consideration
5-Exhibit A (Amended Boundary Map)
6-Exhibit B (Second Amended and Restated RMA for IA-3)
7-Exhibit C (List of Authorized Facilities)
8-Exhibit D (RMA for IA-4)
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Description/Analysis
IssueDetail
Issue Detail: On September 24, 2019, City Council adopted Resolution No. 2019-0371 establishing the CFD, designating three separate improvement areas therein, Improvement Area No. 1 (IA-1), Improvement Area No. 2 (IA-2) and IA-3, and providing for the levy of a special tax within each of the three improvement areas to finance the acquisition and cons...
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