Title:
Title
Appropriation of North Natomas Basin 6 Drainage Fee Revenues
End
FileID
File ID: 2020-00081
Location
Location: District 1
Recommendation:
Recommendation
Adopt a Resolution 1) authorizing the City Manager or City Manager's designee to increase the revenue and expenditure budgets by $260,775 for the Basin 6 Drainage Project (I22200600) in the North Natomas Drainage Fee Fund (3205); and 2) authorizing the City Manager or City Manager's designee to distribute the appropriated funds in accordance with Exhibit A.
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
Description/Analysis
Issue Detail: As required by City Code chapter 18.24 and the North Natomas Finance Plan, the City collects a drainage fee from each Basin 6 landowner for the purpose of reimbursing the developers that construct "common" drainage improvements. Alleghany Properties, LLC ("Alleghany") has constructed common drainage improvements in Basin 6 in accordance with City Agreement No. 98-100 and City Manager Agreement No. 2002-712, and Beazer Homes, Inc. ("Beazer") has constructed common drainage improvements in Basin 6 in accordance with City Manager Agreement Nos. 2006-0398 and 2005-1002. These four agreements (collectively, the "Drainage Agreements") obligate the City to reimburse Alleghany's and Beazer's construction costs. The Drainage Agreements were superseded by the Basin 6 Settlement Agreement (the "Settlement Agreement") designated as City Agreement No. 2019-0329 approved by City Council on March 26, 2019 to resolve disagreement on the amount of reimbursement and distribution of drainage fees.
The City will follow the procedure set forth in section 13 of the Settlement Agreement when disbursing fee revenues each calendar quarter. The City will disburse the fee revenue currently avai...
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