SUBJECT: Acceptance of a Petitions to Annex into Community Facilities District (CFD) No. 2003-2 (Services) and Approval of Deposit and Reimbursement Agreements for the Costs of Annexing into the CFD for the Merced Gateway Shopping Center (Merced Gateway Marketplace) and the PG&E Service Center REPORT IN BRIEF Considers accepting the petition to annex into CFD No. 2003-2 (Services) from Gateway Park Development Partners, LLC, and PG&E and approve a deposit and reimbursement agreement for the costs of annexing into the CFD for the Merced Gateway Shopping Center (Merced Gateway Marketplace) and the PG&E Service Center. RECOMMENDATION City Council - Adopt a motion: A. Accepting the petition for annexation from Gateway Park Development Partners, LLC and PG&E for annexation into Community Facilities District (CFD) No. 2003-2 (Services); and, B. Approving the deposit and reimbursement agreements, increasing revenue account in the amount of $50,000 and appropriating the same in Fund 150 to reimburse the City for the cost of Community Facilities District formation and related expenditures; and, C. Authorizing the City Manager or the Assistant City Manager to execute the Agreements.

Consent Item Passed Introduced June 21, 2019

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: June 21, 2019
On agenda: August 5, 2019
Passed: August 5, 2019