HomeMy WebLinkAbout0011_4_CFD No. 2022-2 (Lakeshore) - Exhibit C - Landowner PetitionPETITION TO THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE REQUESTING INSTITUTION OF PROCEEDINGS
FOR ESTABLISHMENT OF A COMMUNITY FACILITIES
DISTRICT (COMMUNITY FACILITIES DISTRICT NO. 2022-2 OF
THE CITY OF LAKE ELSINORE (LAKESHORE))
1. The undersigned (together, the "Owner"), together, own all of the land depicted
and described in Exhibit A hereto (the "Property'), which land is expected to be all of the land
included within the boundaries of a community facilities district hereby proposed to be
established. The Property is located within the City of Lake Elsinore (the "City") in the County of
Riverside.
2. The Owner requests that the City Council of the City (the "City Council") institute
proceedings to establish a community facilities district to be known as "Community Facilities
District No. 2022-2 of the City of Lake Elsinore (Lakeshore)" (referred to herein as the "District")
pursuant to Chapter 2.5 (commencing with Section 53311), Part 1, Division 2, Title 5, of the
Government Code of the State of California, commonly known as the "Mello -Roos Community
Facilities Act of 1982" (the "Act") to include all of the Property.
3. The boundaries of the territory which is proposed for inclusion in the District are
those described and depicted in Exhibit A hereto.
4. The Owner requests that the proposed District be used to finance the
construction, purchase, modification, expansion and/or improvement of (i) drainage, library,
park, fire, roadway, traffic, administration and community center facilities, marina/lakeside and
animal shelter facilities, and other public facilities of the City, including the foregoing public
facilities which are included in the City's fee programs with respect to such facilities and
authorized to be financed under the Act (ii) water and sewer facilities including the acquisition of
capacity in the sewer system and/or water system of the Elsinore Valley Municipal Water District
which are included in Elsinore Valley Municipal Water District's water and sewer capacity and
connection fee programs (the "Water District Facilities"), and (iii) interim and permanent school
facilities of Lake Elsinore Unified School District, including classrooms, multi -purpose facilities,
administration and auxiliary space at school facilities, athletic fields, playgrounds and
recreational facilities and improvements thereto, landscaping, access roadways, drainage,
sidewalks and gutters and utility lines, furniture, equipment and technology, including
technology upgrades and mobile devices and infrastructure therefore, with a useful life of at
least five (5) years at such school facilities (the "School Facilities" and together, with the City
Facilities and the Water Facilities, the "Facilities"), and all appurtenances and appurtenant work
in connection with the foregoing Facilities, including the cost of engineering, planning,
designing, materials testing, coordination, construction staking, construction management and
supervision for such Facilities, and to finance the incidental expenses to be incurred, including:
a. The cost of engineering, planning and designing the Facilities;
b. All costs, including costs of the property owner petitioning to form the District,
associated with the creation of the District, the issuance of the bonds, the determination of the
amount of special taxes to be levied and costs otherwise incurred in order to carry out the
authorized purposes of the District; and
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C. Any other expenses incidental to the construction, acquisition, modification,
rehabilitation, completion and inspection of the Facilities.
5. The Owner further requests that the City Council authorize the levy of special
taxes in the District to pay the costs of the Facilities and the incidental costs described in
paragraph 4 above (the "Special Tax") and to pay principal of, interest and premium, if any, on
the bonds in order to contribute to the financing of the Facilities and costs described in
paragraph 4 above.
6. The Owner further requests that, upon the sale of bonds, the City Council, as
legislative body of the District, annually levy Special Taxes on the property within the District for
the construction, acquisition and rehabilitation of the Facilities, for the payment of the aggregate
amount of principal of and interest owing on the bonds in each fiscal year, including the
maintenance of reserves therefor, and for the payment of administrative expenses of the
District.
7. Lake Elsinore Lakeshore, LLC, a California limited liability company ("Lake
Elsinore Lakeshore"), has advanced to the City the amounts necessary to pay for the costs
related to the formation of the District, which amounts will be reimbursed, without interest, from
the proceeds of the first sale of the bonds, if any. The reimbursement of such amounts is
expected to be governed by the terms of that certain Reimbursement Agreement to be entered
into by and between the City and Lake Elsinore Lakeshore relating to the District. If bonds are
not sold, the City will have no obligation to reimburse amounts expended for costs incurred, but
will reimburse any unexpended amounts advanced by Lake Elsinore Lakeshore as set forth in
the Reimbursement Agreement.
8. This petition may be executed in counterparts.
Dated: June 29, 2022
LAKE ELSINORE LAKESHORE, LLC, a California
limited liability company
R�r
Crowder, Managing Member
ERIN CROWDER, a married woman as her sole
and separate property
By: L',
Erin Crowder
2
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EXHIBIT
BOUNDARY MAP AND LEGALDESCRIPTION
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Riverside County Assessor Parcel Nos.:
379-230-001
379-230-002
A-2
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