Title:
Title
South Natomas Facilities Benefit Assessment (FBA) Reimbursement Agreement (Two-Thirds Vote Required)
End
FileID
File ID: 2020-01203
Location
Location: District 3
Recommendation:
Recommendation
Adopt a Resolution: 1) suspending the competitive-bidding requirement for an agreement with Beazer Homes Holding, LLC (Developer) 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 (Cove Reimbursement Agreement)
Description/Analysis
Issue Detail: On April 17, 1990, City Council passed Resolution No. 90-291 designating the South Natomas FBA Area and levying the associated FBA to fund infrastructure identified in the South Natomas Public Facilities Financing Plan (Finance Plan). The Finance Plan identifies funding for a pedestrian bridge over the Natomas Main Drainage Canal and a bikeway system for the South Natomas Community Plan Area (FBA Facilities). 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. The City Council may approve proposals by developers to construct some facilities in lieu of, or as credit against, payment of an FBA.
The Cove project consists of 80.3 vacant acres bounded by Interstate 80 to the north, West El Camino Avenue to the south, the Natomas Main Drainage Canal to the east and Orchard Lane to the west. It is made up of 590 single family homes, a detention basin, a community park, a private clubhouse facility, and bicycle and pedestrian amenities within the River Oaks Planned Unit Development. As part o...
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