SUBJECT: Adoption of a Resolution of Intent Regarding Annexations No. 28 and No. 29 into Community Facilities District (CFD) No. 2003-2 (Services); Acceptance of Two Petition, Consent and Waivers from Developers for Annexation in the CFD No. 2003-2 (Services) for Annexations No. 28 and No. 29; Approving Two Deposit and Reimbursement Agreements for Annexations No. 28 and No. 29; and Setting a Public Hearing for May 19, 2025, for Both Annexations. Annexation No. 28 Consists of Approximately 4.59 Acres of Land Generally Located at the Northeast Corner of Yosemite Avenue and El Redondo Drive and Annexation No. 29 Consists of Approximately 14.02 Acres of Land Generally Located at the Northwest Corner of El Redondo Drive and Pettinotti Road REPORT IN BRIEF Considers adopting a Resolution of Intent to annex a portion of the Yosemite Village development (“Annexation No. 28”) and the Royal Woods Estates development (“Annexation No. 29”) into Community Facilities District (CFD) No. 2003-2; including the approval of a Deposit and Reimbursement Agreement and accepting the Petition, Consent, and Waiver for the annexations; designation of future annexation areas to the CFD and set a Public Hearing for May 19, 2025. RECOMMENDATION City Council - Adopt a motion: A. Adopting Resolution 2025-22, 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 Two Areas to said District and authorize the Levy of a Special Tax within said Annexations, Designating Certain Property for Future Annexation to Said District, and Approving Certain Agreements Related Thereto; and, B. Setting the Public Hearing for May 19, 2025; and, C. Accepting the Petition, Consent and Waiver from Yosemite Village Holdings, LLC, CB 1285 Yosemite Starbucks, LLC and Camelback & 59th Ave Inc. (“Annexation No. 28”); and, D. Accepting the Petition, Consent and Waiver from Redondo and Cardella, LLC (Annexation No. 29”); and, E. Accepting the deposit amount of $30,000 in Fund 4500 (CFD Formation Fund), increasing the revenue and appropriating the same to cover the cost of Community Facilities District formation and related expenditures for Annexation No. 28; and, F. Accepting the deposit amount of $25,000 in Fund 4500 (CFD Formation Fund), increasing the revenue and appropriating the same to cover the cost of Community Facilities District formation and related expenditures for Annexation No. 29; and, G. Authorizing the City Manager to execute the Deposit and Reimbursement Agreement for Annexation No. 28; and, H. Authorizing the City Manager to execute the Deposit and Reimbursement Agreement for Annexation No. 29; and, I. Authorizing the Finance Officer to make the necessary budget adjustments.

What this record is

Held by

Redondo and Cardella, LLC

Amount

$30K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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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

April 17, 2025

On agenda

May 5, 2025

Passed

May 5, 2025

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority May 5, 2025 approved Pass

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