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HomeMy WebLinkAboutItem 01 - Rate and Method of Apportionment Amendment for CFD No. 2019-1 (San Luis Ranch)Item 1 �t�x ofi Council- d. Report ti ttjs o Department Name: Cost Center: For Agenda of: Placement: Estimated Time: Finance 2001 April 20, 2021 Public Hearing 15 minutes FROM: Brigitte Elke, Finance Director Prepared By: Esteban Cano-Gutierrez, Financial Analyst — Infrastructure Financing SUBJECT: RATE AND METHOD OF APPORTIONMENT AMENDMENT APPROVAL FOR CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) RECOMMENDATION Advance the Rate and Method of Apportionment (the "RMA") amendment of City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) (the "CFD") by the following actions: 1. Adopt a Resolution Calling a Special Mailed -Ballot Election, related to change proceedings within City of San Luis Obispo Community Facilities District No. 2019-1 - San Luis Ranch (Attachment A); and 2. Adopt a Resolution of Change relating to City of San Luis Obispo Community Facilities District No. 2019-1 - San Luis Ranch if sufficient landowner support is received (Attachment B); and 3. Introduce an Ordinance to levy the Special Tax for the Fiscal Year 2021-2022 and following fiscal years solely within the boundaries of the San Luis Ranch CFD (Attachment Q. DISCUSSION Background On March 16, 2021, the City Council adopted a Resolution of Consideration (Resolution No. 11233 - 2021 series) to amend the Rate and Method of Apportionment for City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch). The RMA needed to be updated to include: (1) addition of an undeveloped special tax on the property expected to be developed into for -sale efficiency units, (2) a leveling of the special tax for the multifamily residential units so that it is based on type, not square footage, and (3) a clarification to the treatment and assessment of any low-income units added to the CFD after the date of the RMA. Since the formation of the CFD in 2019, some permissible changes to the planned development have occurred. As a result, the developers requested the aforementioned amendments to the RMA to better reflect the planned development. Specifically, these changes to the development plan included all the multi -family units being a "for -sale" product within the high -density residential area that were initially expected to be maintained by the builder as units for rent. Packet Page 1 Item 1 Additionally, the City Council had authorized the relocation of 26 affordable housing units from the multi -family site to the commercial site as part of a mixed -use project to be developed by People's Self -Help Housing Corporation. The site planned for development into for -rent and 26 affordable housing units were previously excluded from the undeveloped special tax but can now be included with this change in development. The City's Special Tax Consultant for the CFD has prepared an Amended Hearing Report (Attachment D) to explain the effect of the amendment to the RMA. Voter/Landowner Approval to amend the RMA The action before the City Council is to complete the process required to update the RMA. According to the Act, for the proposed amendments to the RMA to take effect, a public hearing must be held and the qualified electors within the CFD must approve the proposed amendments by a two-thirds vote. If fewer than 12 voters are located in the area, approval by the landowners is required. At this time, no residents are living within the proposed CFD area, therefore the election corresponds to the landowners within the CFD. During the meeting on April 20, 2020, the Mayor will conduct the process based on required order of procedures according to the Act. First, the City Council will hold a public hearing to inquire into the amendment of the RMA. Next, the City Council will seek approval of the property owners with the adoption of a Resolution calling a Special Mailed -Ballot Election. Giving that there are no property owners yet, the Act allows for ballots to be sent to the landowners ahead of the adoption of the Resolution. The landowners have therefore completed the ballots and return the results to the City Clerk on the date hereof. Following the reporting out of the results of the election by the City Clerk, the City Council may proceed with adopting a Resolution of Change to amend the RMA for the San Luis Ranch CFD, if two-thirds of the landowners effectively supported the amendment. Approval of Ordinance The City Council has previously adopted its Ordinance No. 1661 (2019 Series) on April 16, 2019. In connection with the amended RMA, the City will introduce a new Ordinance directing and effecting the levy of the special tax on the secured property tax roll of the County in accordance with the amended RMA. The City Council will either need to conduct or may waive the first reading. Next Steps in the Bond Issuance Process Once the amended RMA is approved and the Resolution adopted, the City Council can move forward with the issuance of infrastructure bonds for the CFD. The request to issue bonds is scheduled before the City Council on April 20, 2021, following the action within this report. At the May 4, 2021, Council meeting, the City Council will conduct the second reading and adopt the Ordinance levying the special tax. Packet Page 2 Item 1 Policy Context The approved San Luis Ranch Specific Plan and related entitlements are consistent with the City's s adopted General Plan, and findings to that effect were made in both the original project approved in July 2017 as well as the amended project approval in August 2018. An evaluation of the project's consistency with General Plan policies is discussed at length in Section 4.9 of the certified Final Environmental Impact Report. The Specific Plan requires that funding mechanisms be included to ensure that public infrastructure is coordinated with future development under the plan. The formation of a CFD was consistent with this requirement. A CFD, as enabled by the Community Facilities District Act of 1982, allows a local jurisdiction to levy a special tax within a specified area to pay for public services and/ or infrastructure needed within the area. Over the past three decades, CFDs have become a common mechanism for cities to fund services and finance development -related infrastructure, and the use of a CFD, in this case, is consistent with the City's Economic Development Strategic Plan and the General Plan. The General Plan provides specific policies related to the funding of infrastructure noted below: 1.13.6. Required Plans: The City shall not allow the development of any newly annexed private land until the City has adopted a specific or development plan for land uses, open space protection, roads, utilities, the overall pattern of subdivision, and financing of public facilities for the area. 1.13.9. Costs of Growth: The City shall require the costs of public facilities and services needed for new development to be borne by the new development unless the community chooses to help pay the costs for a certain development to obtain community -wide benefits. The City shall consider a range of options for financing measures so that new development pays its fair share of costs of new services and facilities which are required to serve the project, and which are reasonably related to the new growth attributable to the development. The revisions recommended to the RMA are consistent with these General Plan policies and with the City's Local Goals and Policies for Community Facilities Districts. Public Engagement The Planning Commission considered and provided input on the originally approved San Luis Ranch project on nine occasions from 2014 through 2017, before finally recommending approval in June 2017. As noted under "Previous Council or Advisory Body Action," the approved project was considered in a variety of public workshops and hearings before many of the City's advisory bodies from 2014 through project approval as amended in 2018. On February 19, 2019, the City Council held a public hearing regarding the potential formation of a CFD, after which it adopted a Resolution of Intention to form a CFD. Packet Page 3 Item 1 For the proposed amendments to take effect, the public hearing must be held and the qualified electors within the Community Facilities District must approve the proposed amendments by a two-thirds vote. As the Community Facilities District is uninhabited or inhabited by fewer than 12 registered voters, the qualified electors are, according to the Act, the owners of property within the CFD. CONCURRENCE The Community Development Department concurs with the recommendations contained within this report. ENVIRONMENTAL REVIEW The California Environmental Quality Act does not apply to the recommended action in this report, because the action does not constitute a "Project" under CEQA Guidelines Sec. 15378. FISCAL IMPACT Budgeted: Yes/No Budget Year: 2021 Funding Identified: Yes/No Fiscal Analysis: Funding Sources Current FY Cost Annualized On -going Cost Total Project Cost General Fund N/A State Federal Fees Other: Total There will be no fiscal impact related to the amendment. The RMA was drafted by a special tax consultant who, together with the City's bond counsel and Municipal Advisor also engaged in this effort, will get paid from developer deposits and/or the special tax proceeds for the CFD. The City's costs for establishing and administering the San Luis Ranch CFD and related efforts will also be reimbursed from bond proceeds until the special tax is assessed through the County tax roll. The financial analysis conducted for the bond issuance process has considered and budgeted these costs. Packet Page 4 Item 1 ALTERNATIVES 1. Do not adopt the Proposed Resolutions and do not conduct the first reading of the Ordinance. The City Council could choose not to adopt the proposed resolution, in which case the CFD process is not completed. In this case, the project will not move forward without the amendment to the Rate Method of Apportionment to increase the Special Tax assessment to, among other things, provide for an undeveloped tax on all of the planned multifamily housing within the Community Facilities District. This action would also impair the ability to build the Prado Road Interchange in the near future since that project depends in part on fees generated by the approved development. 2. Direct modifications and continue the Hearing to a Date Certain. The City Council may continue the hearing to a date certain if it feels additional technical information is needed to complete the CFD process. If additional information is needed, the direction should be provided to staff so that it can be presented on that date. Attachments: a - Draft Resolution - Calling a Special Mailed Ballot Election b - Draft Resolution of Change c - Draft Ordinance - Levy the Special Tax d - COUNCIL READING FILE - Amended Hearing Report Packet Page 5 Item 1 RESOLUTION NO. _ (2021 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, CALLING A SPECIAL MAILED -BALLOT ELECTION RELATED TO CHANGE PROCEEDINGS WITHIN CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) WHEREAS, the City Council (the "City Council") of the City of San Luis Obispo (the "City") conducted proceedings under and pursuant to the terms and provisions of the Mello -Roos Community Facilities Act of 1982, as amended (being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California), and all laws amendatory thereof or supplemental thereto (the "Act"), (i) to form its Community Facilities District No. 2019-1 (San Luis Ranch) (the "Community Facilities District"), (ii) to authorize a special tax to finance certain public facilities, (iii) to authorize the issuance of debt to finance the facilities, and (iv) to establish the appropriations limit for the Community Facilities District, all as set forth in the City Council's Resolution No. 10998 (2019 Series) (the "Resolution of Formation") and Resolution No. 10999 (2019 Series) (the "Resolution Deeming it Necessary to Incur Bonded Indebtedness"), both adopted on April 2, 2019; and WHEREAS, on March 16, 2021, the City Council adopted its Resolution No. 11233 (2021 Series) (the "Resolution of Consideration") in which it determined to consider replacing the Rate and Method of Apportionment set forth in Exhibit B to the Resolution of Formation with the Amended Rate and Method of Apportionment set forth in Exhibit A to the Resolution of Consideration (the "Proposed Amendments"); and WHEREAS, the Resolution of Consideration set a public hearing to be held on April 20, 2021; and WHEREAS, the Public Hearing has been held as scheduled and all persons interested were permitted to testify and to submit written protests to the Proposed Amendments; and WHEREAS, the City Council determined that there was no majority protest under Section 53337 of the Government Code of the State of California, and thus the City Council is permitted to continue with these proceedings; and WHEREAS, in order for the Proposed Amendments to be effective, they must be submitted to an election of the qualified electors of the Community Facilities District; and WHEREAS, a Certificate Re: Landowners (the "Certificate re: Landowners") has been filed with the City Clerk (the "Clerk") and submitted to the City Council, certifying that during the 90 days preceding the close of the Public Hearing on April 20, 2021, there were no persons registered to vote within the territory of the Community Facilities District; and IN Packet Page 6 Item 1 Resolution No. (2021 Series) Page 2 WHEREAS, a Certificate of Clerk re: Receipt of Property Owner Waiver and Consent Forms, has been submitted by the Clerk, stating that each landowner, or an authorized representative of each landowner, has filed with the Clerk a properly executed Waiver and Consent (as defined below) in substantially the form attached hereto as Exhibit B, and by this reference incorporated herein. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Luis Obispo, as follows: Section 1. The above recitals are true and correct, and the City Council so finds and determines. Section 2. The City Council accepts the Certificate re: Landowners filed in these proceedings and finds, in accordance therewith, that during the 90 days just past, there were no registered voters residing within the boundaries of the Community Facilities District. Accordingly, under Section 53326(b) of the Government Code of the State of California, the qualified electors of the Community Facilities District for the proposed special election shall be the owners of land within the Community Facilities District. Section 3. The City Council further finds and determines that the owners of land within the Community Facilities District (the "Landowners") are the landowners set forth in the attachment to the Certificate re: Landowners and that the attachment correctly sets forth the amount of property owned by each Landowner and the number of votes to which each Landowner is entitled pursuant to Section 53326(b), being the number of acres owned rounded up to the next whole acre. Section 4. The City Council hereby approves the form of Waiver and Consent Shortening Time Periods and Waiving Various Requirements for Conducting a Mailed -Ballot Election (the "Waiver and Consent") by which the time limits and related requirements respecting preparation and distribution of election materials are waived, a form of which is attached hereto as Exhibit B. The City Council hereby finds that the rights, procedures, and time periods therein waived are solely for the protection of the qualified electors and may be waived by the qualified electors under Section 53326(a) and 53327(b) of the Act and under other provisions of law dealing with waiver generally, and that the Waiver and Consent constitutes a full and knowing waiver, by any qualified elector who has executed the form, of those rights, procedures, and time periods. Section 5. The City Council further finds and determines, based on a Certificate of Clerk re: Receipt of Property Owner Waiver and Consent Forms provided this date by the Clerk that each Landowner, or an authorized representative of each Landowner, has filed with the Clerk a properly executed Waiver and Consent in substantially the form of Exhibit B hereto. The City Council therefore is establishing the procedures and time periods for this special mailed -ballot election without regard to statutory schedules. Packet Page 7 Item 1 Resolution No. (2021 Series) Page 3 Section 6. Pursuant to Sections 53338(a) and 53326 of the Government Code of the State of California, the City Council hereby calls an election, to be held and conducted upon adoption of this Resolution, and sets April 20, 2021, as the election date. Pursuant to Section 53326 of the Government Code, the election shall be conducted by mailed ballot; provided that personal service of the respective ballots to authorized representatives of each Landowner is permitted under the terms of the Waiver and Consent forms on file with the Clerk and shall therefore be permitted. The Clerk is directed to either mail or make personal service of the ballots, in the form of the attached Exhibit A, to each Landowner or, if one has been appointed pursuant to a Waiver and Consent, to the Landowner's authorized representative. Section 7. The proposition to be submitted to the qualified electors of the Community Facilities District shall be as set forth in the form of special election ballot attached hereto as Exhibit A. Section 8. The Clerk is hereby designated as the official to conduct the special mailed -ballot election pursuant to the Act and California Elections Code Sections 307 and 320 and the following provisions: a) The special election shall be held and conducted, and the votes canvassed and the returns made, and the results determined, as provided herein; and in all particulars not prescribed by this Resolution the special election shall be held and conducted and the votes received and canvassed in the manner provided by law for the holding of special elections consistent with the Act. b) All Landowners within the Community Facilities District as of the close of the Public Hearing shall be qualified to vote upon the proposition to be submitted at the special election. c) The special election shall be conducted as a mailed -ballot election, in accordance with the provisions of the Act and the prior proceedings of the City taken thereunder, and there shall be no polling places for the special election. All ballots shall be delivered or mailed by the Clerk to the Landowners, and all voted ballots are required to be received by the Clerk not later than 6:00 p.m. on the date of the election in order to be counted. However, if at any time the Clerk determines that all votes have been cast, the Clerk shall immediately declare the election closed. d) The Clerk shall commence the canvass of the returns of the special election and report the returns to the City Council no later than the City Council meeting of April 20, 2021. e) The City Council may thereupon declare the results of the special election and shall cause to be spread upon its minutes a statement of the results of the special election as ascertained by the canvass. Packet Page 8 Item 1 Resolution No. (2021 Series) Page 4 Section 9. This Resolution shall take effect immediately upon its adoption. Upon motion of , seconded by , and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this day of Mayor Heidi Harmon ATTEST: Teresa Purrington City Clerk APPROVED AS TO FORM: J. Christine Dietrick City Attorney 2021. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on Teresa Purrington City Clerk Packet Page 9 Resolution No. (2021 Series) Item 1 Page 5 EXHIBIT A CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) (CHANGE PROCEEDINGS) SPECIAL ELECTION BALLOT (Mailed -Ballot Election) This ballot is for the use of , landowners owning land within City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch). According to the provisions of the Mello -Roos Community Facilities Act of 1982 and the resolutions of the City Council of the City of San Luis Obispo, the above -named landowners are entitled to cast votes on this ballot. In order to be counted, this ballot must be certified below and be returned, either by mail or in person, before 6:00 p.m. on April 20, 2021, to: Teresa Purrington, City Clerk City of San Luis Obispo City Council 990 Palm Street San Luis Obispo, California 93401 Mailing by that date will not be sufficient. The ballot must be physically received by the City Clerk prior to the deadline in order to be counted. AN "X" OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT, OR THE VOTER MAY WRITE NUMBERS IN THE SPACES PROVIDED. BALLOT MEASURE Shall the authority previously conferred upon the City Council (the Number of votes "City Council") of the City of San Luis Obispo by and through its City YES of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) be changed in accordance with Resolution No. [ ] (2021 Series) adopted by the City Council on March 16, 2021, to Number of votes modify the special tax to be levied therein? NO 4124-5287-4283.1 Packet Page 10 Item 1 Certification The undersigned is or are the authorized representative(s) of the above -named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above -named landowner. I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed as of April 20, 2021. [LANDOWNER] By: Name: Title: 4124-5287-4283.1 Packet Page 11 Item 1 EXHIBIT B WAIVER AND CONSENT SHORTENING TIME PERIODS AND WAIVING VARIOUS REQUIREMENTS FOR CONDUCTING A MAILED -BALLOT ELECTION CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) [LANDOWNER] (the "Owner") is the owner of the real property listed below by Assessor's Parcel Number ("APN"), which comprises [all] [certain] of the land within the City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) (the "Community Facilities District"). The APNs are: The Owner understands that a special mailed -ballot, landowner election will be held to determine whether the authority conferred upon the City Council by and through the Community Facilities District will be changed all as set forth in Resolution No. [ ] adopted by the City Council (the "City Council") of the City of San Luis Obispo on March 16, 2021 (the Resolution of Consideration). The Owner requests that the election be conducted at the earliest possible date. The Owner is the entity legally entitled and authorized to cast the ballot attributable to the above -referenced parcels in the landowner, mailed -ballot election. The Owner hereby waives any and all minimum time periods and requirements pertaining to the conduct of the election pursuant to Government Code Section 53326(a). The Owner hereby waives the preparation and distribution of an impartial analysis of the ballot measure, as well as arguments in favor and against, under the authority of Government Code Section 53327(b). The Owner hereby waives the requirement to publish notice of the election under Government Code Section 53352. The Owner hereby waives the requirements regarding the time to mail ballots to the qualified electors under Elections Code Section 4101, and agrees that either mailed service or personal service of the ballot will be sufficient. The Owner hereby waives the requirements regarding identification envelopes for the return of mailed ballots contained in Government Code Section 53327.5. The Owner hereby waives any and all defects in notice or procedure in the conduct of the election, whether known or unknown (except the right to vote and to have the ballots fairly counted), 4124-5287-4283.1 Packet Page 12 Item 1 Resolution No. (2021 Series) Page 8 and states that the election is being expedited, pursuant to this Waiver and Consent, at the particular instance and request of the Owner. The Owner hereby consents to the levy and collection of the special tax on the above - referenced parcels in accordance with the amended rate and method of apportionment attached as an exhibit to the Resolution of Consideration of the Community Facilities District and hereby waives any and all rights to challenge the inclusion of the above -referenced parcels in the Community Facilities District and any and all other proceedings related thereto. Finally, the Owner will execute the ballot and cast the votes assigned to the above -listed property. The undersigned declares under penalty of perjury under the laws of the State of California that such person is properly authorized to execute this Waiver and Consent and to bind the Owner thereby, and that the statements contained herein are true and correct and that this Waiver and Consent is signed by the undersigned as of the date set forth below. Date: April 20, 2021 [SIGNATURE TO BE NOTARIZED] [LANDOWNER SIGNATURE BLOCK] 4124-5287-4283.1 Packet Page 13 Item 1 RESOLUTION NO. (2021 SERIES) A RESOLUTION OF CHANGE OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, RELATING TO CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) WHEREAS, on March 16, 2021, the City Council adopted its Resolution No. 11233 (2021 Series) (the "Resolution of Consideration") in which it determined to consider replacing the Rate and Method of Apportionment set forth in Exhibit B to the Resolution of Formation with the Amended Rate and Method of Apportionment set forth in Exhibit A to the Resolution of Consideration (the "Proposed Amendments"); and WHEREAS, pursuant to the Resolution of Consideration, City staff was directed to engage a special tax consultant to study, or cause to be studied, the Proposed Amendments and, at or before said public hearing, file a report with the City Council containing a brief description of the Proposed Amendments and a brief analysis of the impact of the Proposed Amendments on the probable special tax to be paid by the owners of lots or parcels in the Community Facilities District; and WHEREAS, said report was so filed with the City Council and made a part of the record of said public hearing; and WHEREAS, in order for the Proposed Amendments to be effective, a two-thirds approving vote by the qualified electors within the Community Facilities District is required; and WHEREAS, a special mailed -ballot election has been conducted within the Community Facilities District pursuant to Resolution No. [ ] (2021 Series), adopted by the City Council on April 20, 2021, to which reference is made for further particulars; and WHEREAS, a Certificate of the City Clerk (the "Clerk") Re Election Results (the "Certificate of Election Results") has been filed with the City Council; and WHEREAS, the City Council has received, reviewed, and hereby accepts the Certificate of Election Results; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Luis Obispo, as follows: Section 1. The above recitals are true and correct, and the City Council so finds and determines. Section 2. The City Council hereby finds and determines and declares that the ballot measure submitted to the qualified electors of the Community Facilities District has been passed and approved by those qualified electors in accordance with Sections 53338 of the Government Code of the State of California. 17 Packet Page 14 Item 1 Resolution No. (2021 Series) Page 2 Section 3. The City Council hereby finds and determines and declares that the authority conferred upon it by the Community Facilities District has been changed in accordance with the Proposed Amendments as set forth in the Resolution of Consideration. Section 4. The City Council hereby authorizes and directs the Clerk to cause an Amended Notice of Special Tax Lien to be prepared and to be recorded with the County Recorder of the County of San Luis Obispo (the "County Recorder") in accordance with the provisions of Section 3117.5 of the Streets and Highways Code of the State of California and Section 53338(c) of the Government Code of the State of California. The Amended Notice of Special Tax Lien shall include, as an attachment, Exhibit A to the Resolution of Consideration and be recorded in the County Recorder's office within fifteen days of the date of adoption of this Resolution. Section 5. This Resolution shall take effect immediately upon its adoption. Upon motion of Council Member seconded by Council Member , and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this day of 2021. Mayor Heidi Harmon ATTEST: Teresa Purrington, City Clerk APPROVED AS TO FORM: J. Christine Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on Teresa Purrington, City Clerk 17 Packet Page 15 Item 1 ORDINANCE NO. 2021 SERIES AN UNCODIFIED ORDINANCE OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, LEVYING A SPECIAL TAX FOR THE FISCAL YEAR 2021-2022 AND FOLLOWING FISCAL YEARS SOLELY WITHIN AND RELATING TO THE CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH) WHEREAS, the City Council of San Luis Obispo (the Council) conducted proceedings under and pursuant to the terms and provisions of the Mello -Roos Community Facilities Act of 1982, as amended (Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California), and all laws amendatory thereof or supplemental thereto to form its Community Facilities District No. 2019-1 San Luis Ranch and authorized a special tax to finance certain public facilities; and WHEREAS, the Council also authorized the issuance of debt to finance the facilities, and established the appropriations limit for the Community Facilities District, all as set forth in Resolution No. 10998 (2019 Series) and Resolution No. 10999 (2019 Series) adopted on April 2, 2019; and WHEREAS, the Council adopted Ordinance No. 1661 (2019 Series) on April 16, 2019, to approve the levy of a Special Tax in connection with San Luis Ranch Communities Facilities District and its approved Rate and Method of Apportionment; and WHEREAS, on March 16, 2021, the Council adopted its Resolution No. 11233 (2021 series) (the "Resolution of Consideration") in which it determined to consider updating the Rate and Method of Apportionment due to substantial changes in the development; and WHEREAS, on April 20, 2021 the City Council adopted a Resolution Calling a Special Mailed -Ballot Election, related to change proceedings within the San Luis Ranch Community Facilities District; and WHEREAS, the landowners within the San Luis Ranch Community Facilities District have completed the ballots and return the results to the City Clerk with at least two-thirds approving the amendment; and WHEREAS, in connection with the ballot results, the City Council has therefore adopted a Resolution of Change on April 20, 2021 related to the San Luis Ranch Community Facilities District Rate and Method of Apportionment; and WHEREAS, the action does not constitute a "Project" under California Environmental Quality Act Guidelines Sec. 15378 and therefore they are not applicable. THEREFORE, IT BE ORDAINED by the City Council of the City of San Luis Obispo does as follows: A Packet Page 16 Item 1 Resolution No. (2021 Series) Page 2 SECTION 1. Pursuant to Government Code section 53340, Resolution No. 10998 (2019 Series), adopted by the City Council (the "City Council") of the City of San Luis Obispo (the "City") on April 2, 2019 (the "Resolution of Formation"), Resolution No. 11233 (2021 Series), adopted by the City Council on March 16, 2021 (the "Resolution of Consideration") and Resolution No. [] (2021 Series) adopted by the City Council on April 20, 2021 (the "Resolution of Change" and, collectively with the Resolution of Formation and the Resolution of Consideration, the "Resolutions"), and in accordance with the Amended and Restated Rate and Method of Apportionment of Special Tax (the "RMA") set forth in Exhibit A to the Resolution of Consideration, relating to the City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) (the "Community Facilities District"), a special tax is hereby levied on the Community Facilities District for the 2021-2022 fiscal year and for all subsequent fiscal years in the amount of the maximum special tax authorized under the Resolutions and the RMA, provided that this amount may be adjusted annually, subject to the maximum authorized special tax under the Resolutions and the RMA. SECTION 2. The Finance Director of the City of San Luis Obispo or designee thereof (the "CFD Administrator") or such other officer or staff member succeeding to the duties of the CFD Administrator with respect to the Community Facilities District, with the aid of the appropriate officers and agents of the City and without further action of the City Council, is authorized and directed (a) to determine each year the appropriate amount of the special tax (pursuant to and as provided in the Resolutions and the RMA), (b) to prepare the annual special tax roll in accordance with the Resolutions and the RMA and (c) to provide all necessary and appropriate information to the County of San Luis Obispo (the "County") Tax Collector in proper form, and in proper time, necessary to effect the correct and timely billing and collection of the special tax on the secured property roll of the County; provided, that as provided in Section 53340 of the California Government Code, the Resolutions and the RMA, the City Council has reserved the right to utilize any other lawful means of billing, collecting, and enforcing the special tax, including direct billing, supplemental billing, and, when lawfully available, judicial foreclosure of the special tax lien. SECTION 3. The appropriate officers and agents of the City are authorized to make adjustments to the Special Tax roll prior to the final posting of each Special Tax to the County tax roll each fiscal year, as may be necessary to achieve a correct match of each Special Tax levy with the assessor's parcel numbers finally utilized by the County in sending out property tax bills. SECTION 4. The City agrees that, in the event either Special Tax is collected on the secured tax roll of the County, the County may add its reasonable and agreed charges for collecting the related Special Tax from the amounts collected, prior to remitting the related Special Tax collections to the City. SECTION 5. Taxpayers who have requested changes or corrections of the Special Tax pursuant to Section 8 of the RMA and who are not satisfied with the decision of the CFD Administrator (whether the CFD Administrator disagrees with the taxpayer or concludes that the City is not authorized to consider the change requested), may appeal to the City Council. The appeal must be in writing and fully explain the grounds of appeal and must be based solely on the correction of mistakes in the levy based upon the status of the property, and no other appeals will be allowed. The CFD Administrator shall schedule the appeal for consideration within a reasonable time at a City Council meeting. O Packet Page 17 Item 1 Resolution No. (2021 Series) Page 3 SECTION 6. If, for any reason, any portion of this ordinance is found to be invalid, or if the special tax is found inapplicable to any particular parcel by a court of competent jurisdiction, the balance of this ordinance, and the application of the special tax to the remaining parcels shall not be affected. SECTION 7. This ordinance shall take effect and be in force immediately as a tax measure; and before the expiration of twenty (20) days after its passage the same shall be published in summary, with the names of the members voting for and against the same, at least once in a newspaper of general circulation published and circulated in the Community Facilities District. SECTION 8. Ordinance No. 1661 (2019 Series) adopted by the City Council on April 16, 2019, is hereby superseded to the extent it is inconsistent with this ordinance. INTRODUCED on the 20th day of April 2021, AND FINALLY ADOPTED by the Council of the City of San Luis Obispo on the day of 2021, on the following vote: AYES: NOES: ABSENT: Mayor Heidi Harmon ATTEST: Teresa Purrington City Clerk APPROVED AS TO FORM J. Christine Dietrick City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on Teresa Purrington City Clerk z Packet Page 18 0 '0]i7�iTi E Special Tax and Rate and Method of Apportionment Amendment �_ --.._ '- .�_ .._� Fri * �- -_'y�{.r,�,, r.,y�.yw, �'`; :.• �� - �( -. y.; �•... ij�E��t' - • rt .. � _ ';`—ram- � � ,- - - ..._ - +�'..�j-.. '• r~ 1,R'�. .ii_%iis.. '��� i h �1 � r „"mow f J � fi .+ . � i � 'w�.i r. ra ?.,. - I � ... ! � � •� �._:ri,w �:`a C•��y �A CITY OF S�III LUIS OBISPO Iturti �. Recommendation Advance the Rate and Method of Apportionment (RMA) amendment of City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) by the following actions: • Adopt a Resolution Calling a Special Mailed -Ballot Election • Adopt a Resolution of Change of the RMA • Introduce an Ordinance to levy the Special Tax for the Fiscal Year 2021-2022 and following fiscal years San Luis Ranch Community Facilities District iw,-"� - 1,AY ., 7/18/2017 San Luis Ranch Specific Plan Approval 10/18/2018 Approval of SLR site anexx to City 2/19/2019 1st Resolution of Intention adopted to approve RMA 3/16/2021 Adoption of Resolution of Consideration to amend RMA � :° CITY OF SHR LUIS OBISPO �4rs o4 7/17/2018 Development Agreement Approval 11 /27/2018 First phase Final Tract Map Approval 4/2/2019 Public Hearing to establish district and call 1st election -Special Tax Levy Approval Today Rate and Method of Apportionment (RMA) Amendment The changes to the RMA include: 1. An addition of an undeveloped special tax on the property expected to be developed into for -sale efficiency units 2. A leveling of the special tax for the multifamily residential units so that it is based on type, not square footage 3. A clarification to the treatment of any low-income units added to the CFD after the date of the RMA EQThe Resolution of Consideration for these changes was adopted on March 16, 2021 Voter/ Landowner Approval to amend the RMA A public hearing must be held to approve the Resolution calling a Special Mailed -Ballot Election. As there are not property owners yet, Othe Mello -Ross Act allows for ballots to be sent to the landowners ahead of the adoption of the Resolution. O The qualified electors (landowners) within the CFD, must approve the proposed amendments by a two-thirds vote. O The landowners have completed the ballots and returned the results to the City Clerk. MM. Approval of Ordinance n Ordinance No 1661 (2019) was approved on April 16, 2019 to authorize the levy of a special tax in SLR CFD, based on the RMA. n connection with the RMA amendment, a new Ordinance will be introduced directing and effecting the levy of the special tax based on the amended RMA. Step 1 Hold Public Hearing for the Special Election Step 2 Adopt Resolution of Change and introduce the Ordinance setting the special tax. G� i Y Off, � � CITY OF SIR LUIS OBISPO C�IIS OS', Step 3 Approve bond issuance Step 4 Adopt Ordinance setting the special tax for the district. Recommendation Advance the Rate and Method of Apportionment (RMA) amendment of City of San Luis Obispo Community Facilities District No. 2019-1 (San Luis Ranch) by the following actions: • Adopt a Resolution Calling a Special Mailed -Ballot Election • Adopt a Resolution of Change of the RMA • Introduce an Ordinance to levy the Special Tax for the Fiscal Year 2021-2022 and following fiscal years