Title:
Title
Public Improvement Maintenance Agreement with the Cove at Sacramento Community Association for the Cove Project
End
FileID
File ID: 2019-01664
Location
Location: District 4
Recommendation:
Recommendation
Pass a Motion authorizing the City Manager or the City Manager's designee to sign and deliver, on the City's behalf, a Public Improvement Maintenance Agreement with the Cove at Sacramento Community Association (HOA).
Contact: Eric Frederick, Program Specialist, (916) 808-5129; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Background
3-Public Improvement Maintenance Agreement
Description/Analysis
Issue Detail: Beazer Homes Holdings Corp. (Developer) is in the process of developing property located on approximately 80.3 acres of land north of West El Camino Avenue, east of Orchard Lane, south of Interstate 80, and west of the Natomas Main Drainage canal in the Willowcreek area of the City. Development of the property is anticipated to include a total of 590 housing units, drainage basins, landscaped lots, a bike trail, a community park, and other open space lots known as the Cove project (Project). A map of the Project, along with information regarding Project entitlements, is provided in Attachment 2 of this report.
In accordance with the requirements of the Project's tentative map, the Developer annexed the Project to a community facilities district under the Mello-Roos Community Facilities Act of 1982 (Government Code sections 53311-53368.3), known as the Sacramento Maintenance Community Facilities District No. 2014-04 (District). The District authorizes collection of a special tax from property owners to fund the maintenance of certain public facilities located within the Project, including a bike trail, drainage basins, and landscaped lots.
The attached Public Improvement Maintenance Agreement (Agreement) allows the HOA to assume re...
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