SUBJECT: Adoption of a Resolution of Intent Regarding Annexation No. 23 into Community Facilities District (CFD) No. 2003-2 (Services), Approving a Deposit and Reimbursement Agreement for Annexation No. 23, and Setting a Public Hearing for April 17, 2023; and Annexation No. 23 Consists of Approximately 8.16 Acres of Land Generally Located at the Southwest Corner of Campus Parkway and Coffee Street REPORT IN BRIEF Requests the City Council to adopt a Resolution of Intent to annex 8.16 acres of land generally located at the southwest corner of Campus Parkway and Coffee Street (CFD Annexation No. 23) into the City’s CFD for Services (CFD 2003-2), including the approval of a Deposit and Reimbursement Agreement for the annexation; accept the petition, consent, and waiver for Annexation No. 23; and set a public hearing and election for April 17, 2023. RECOMMENDATION City Council - Adopt a motion: A. Adopting Resolution 2023-17, a Resolution of Intention of the City Council of the City of Merced, acting as the Legislative Body of the City of Merced Community Facilities District No. 2003-2 (Services), declaring its intention to annex area to said district and authorize the levy of a special tax within said annexation and approving a certain agreement related thereto; and, B. Setting the Public Hearing for April 17, 2023; and, C. Accepting the Petition, Consent and Waiver from Campus Parkway Plaza 1, LLC for Annexation No. 23; and, D. Accepting the deposit amount of $30,000 in Fund 150, increasing the revenue and appropriating the same to cover the cost of Community Facilities District formation and related expenditures for Annexation No. 23; and, E. Authorizing the City Manager or Deputy City Manager to execute the Deposit and Reimbursement Agreement.

What this record is

Held by

Campus Parkway Plaza 1, LLC

Amount

$30K

Runs until

no end date published in this record

Type

contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council/Public Finance and Economic Development Authority/Parking Authority

Requested by

Development Services Department

Introduced

February 15, 2023

On agenda

March 6, 2023

Passed

March 6, 2023