HomeMy WebLinkAbout0009_1_CFD 2015-1 Annex 12 - SRPage 1 of 2
REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: July 12, 2022
Subject: Lake Elsinore Community Facilities District No. 2015-1 (Safety Services)
Declaring Its Intention to Consider Annexing Territory Tract No. 37280
Annexation No. 12
Recommendation
adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT
NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES), DECLARING ITS
INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT
NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).
Background and Discussion
In 2016, the City formed Community Facilities District No. 2015-1 of the City of Lake Elsinore
(Safety Services) (“Community Facilities District No. 2015-1” or the “District”) pursuant to the
Mello-Roos Community Facilities Act of 1982, as amended (the “Act”). The District is authorized
to levy a special tax within its boundaries to provide, among others, police protection services,
fire protection and suppression services, and paramedic services.
The owners, Lake Elsinore Lakeshore, LLC and Erin Crowder (the “Owners”), owns property
containing 140 proposed residential lots within the City has requested that the City assist them in
annexing territory into CFD No. 2015-1 (Safety Services) to cover the costs associated with safety
services. Such property is located on Lakeshore Dr in between Machado St and Highway 74, in
the northwestern part of the City of Lake Elsinore.
The landowner has advised the City that the area described in Exhibit “B” of the Resolution of
Intention to be annexed into CFD No. 2015-1 and that a Rate and Method of Apportionment of
the special taxes to be levied as described in Exhibit “C”.
The proposed total maximum tax rate is $917.08 per unit per year, starting Fiscal Year 2022-23.
The Annual Special Tax rate is proposed to escalate each year at the greater of Consumer Price
Index (CPI) or 4%.
CFD 2015-1 Annex 12
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The City has agreed to the annexation into the CFD and the Owners have submitted a "Consent
and Waiver" form on file in the City Clerk's Office, to initiate and conduct proceedings pursuant to
the Mello-Roos Act of 1982, requesting the annexation of property to CFD No. 2015-1 (Safety
Services) and consenting to the shortening of election time requirements, waiving analysis and
arguments, and waiving all notice requirements relating to the conduct of the election.
The next step to annex the property to CFD No. 2015-1 is to publish a notification of the proposed
Annexation along with the "Resolution of Intention" and Boundary Map of the proposed
Annexation area. A public hearing on the matter will take place on August 23, 2022 and at that
time the Council will formally consider approval of Annexation No. 12.
Fiscal Impact
The Owners have made a deposit to pay for the costs of the Annexation.
The Annexation will result in property owners paying a tax of $917.08 per unit for single-family
property plus an annual escalation of the greater of CPI or 4%.
Exhibits
A – Resolution of Intention
A1 – Resolution of Intention Exhibits A-G
B – Project Map