Title:
Title
South Natomas Facilities Benefit Assessment (FBA) In-Lieu Agreement (Two-Thirds Vote Required)
End
FileID
File ID: 2019-00298
Location
Location: District 3
Recommendation:
Recommendation
Adopt a Resolution: 1) suspending the competitive-bidding requirement for an agreement with JEN California 7, LLC for the City's acquisition of public improvements financed through the FBA; and 2) authorizing the City Manager or the City Manager's designee to execute that agreement on the City's behalf.
Contact: Mary Jean Rodriguez, Program Specialist, (916) 808-1980; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A (Parkebridge In-Lieu Agreement)
Description/Analysis
Issue Detail: On April 17, 1990, City Council designated the South Natomas Facilities Benefit Assessment Area and levied the associated FBA to fund infrastructure identified in the South Natomas Public Facilities Financing Plan (Resolution No. 90-291). The FBA funds a bikeway system for the South Natomas Community Plan Area. The assessment is levied on new development within the South Natomas area of benefit at time of building permit. Chapter 3.120 of the City Code outlines the policies and governs the management of the FBA, and also allows for construction of facilities in lieu of paying the assessment.
The Parkebridge project is 90.5 acres to the north of Fong Ranch and Del Paso Roads with 510 single family residential units, two park sites, landscape and drainage corridors, and multiple bike trails. The developer is constructing over 6,000 linear feet of bike trails, adding and connecting to the existing South Natomas bikeway system. A third of the trails have been completed and the remaining will be completed with future phases of the development project. Approval of the agreement, attached as Exhibit A to the resolution, allows for the construction of the bike t...
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