Legislation Details

File #: HIST-20438    Version: 1 Subject:
Type: Historical Status: Consent Agenda
In control: City Council Meeting Agenda
On agenda: 8/13/2012 Final action: 8/13/2012
Title: Adoption of an Ordinance Adding a New Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code.
Attachments: 1. Adoption of an Ordinance Adding a New Chapter 15.1 - C-4__12-08-13_CDD__CITY COUNCIL__CFD Ordinance 2nd Reading_SR - FINAL.pdf, 2. Adoption of an Ordinance Adding a New Chapter 15.1 - 12-8-13-ATT_Community Facilities District Ordinance FINAL.pdf
City of Culver City, California Agenda Item Report Meeting Date: 08/13/12 Item Number: C-4 CITY COUNCIL AGENDA ITEM: Adoption of an Ordinance Adding a New Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code. Contact Person/Dept.: Elaine Gerety-Warner/CDD Phone Number: (310) 253-5777 Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X] Public Hearing: [] Action Item: [] Attachments: [X] Commission Action Required: Yes [] No [X] Date: _______________ Public Notification: (Email) Agendas and Meetings – City Council (08/09/12) Department Approval: Sol Blumenfeld (08/07/12) City Attorney Approval: Carol Schwab (by H. Baker) (08/08/12) Chief Financial Officer Approval: Jeff Muir (08/08/12) City Manager Approval: John M. Nachbar (08/09/12) RECOMMENDATION: Staff recommends the City Council adopt an Ordinance adding a new Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code (Attachment 1). BACKGROUND/DISCUSSION: At the City Council meeting of August 6, 2012, the City Council introduced the Ordinance, by a unanimous vote (4-0 – Vice Mayor Cooper was absent). The motion to introduce the Ordinance included direction to staff to clarify the language of Section 15.12.040 relating to the adoption of local goals and policies. Staff has revised the language to clarify that the timing of the adoption of the goals and policies as required in State law is permissive, but the adoption of the goals and policies continues to be mandatory. Section 15.12.040 now reads: “Notwithstanding Government Code Section 53312.7(a), the local goals and policies required in connection with any proceedings taken, special tax levied or bonds issued pursuant to this Chapter, may be adopted at any time prior to or during the proceedings to establish a community facilities district.” The Ordinance is brought back tonight for adoption. FISCAL ANALYSIS: There is no direct fiscal impact with the adoption of the proposed Ordinance. However, by enhancing the State law for the formation of CFDs through the adoption City of Culver City, California Agenda Item Report of the Ordinance, it will provide a more consistent process for creation of CFDs in the future, which could help finance infrastructure, streetscape, and other public benefit projects for the various areas in which CFDs are formed. ATTACHMENTS: 1. Proposed Ordinance MOTION: That the City Council: Adopt an Ordinance adding a new Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code. MEETING DATE: 08.13.12 AGENDA ITEM: Adoption of an Ordinance Adding a New Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code. ATTACHMENTS Pages 1. Proposed Ordinance 1-5 1 ORDINANCE NO. 2012- 2 AN ORDINANCE OF THE CITY OF CULVER CITY, 3 CALIFORNIA, ADDING A NEW CHAPTER 15.12, 4 COMMUNITY FACILITIES DISTRICT FINANCING, TO THE CULVER CITY MUNICIPAL CODE. 5 WHEREAS, the City Council desires to add a new Chapter 15.12, Community Facilities District Financing, to the Culver City Municipal Code as a supplement to existing State law for the formation of a community facilities district (Mello Roos Community Facilities Act of 1982), in order to further facilitate the formation of community facilities districts, which are an important tool for the financing of public improvements and services when no other source of funding is available. NOW THEREFORE, the City Council of the City of Culver City, California, DOES HEREBY ORDAIN as follows: SECTION 1. Chapter 15.12 is hereby added to the Culver City Municipal Code to read as follows: CHAPTER 15.12: COMMUNITY FACILITIES DISTRICT FINANCING Sections: 15.12.005 - Purpose and Intent 15.12.010 - Special Tax Proceedings 15.12.015 - Nonexclusivity 15.12.020 - Construction 15.12.025 - incorporation of the Mello-Roos Community Facilities Act of 1982 15,12.030 - Authorized Services 15.12.035 - Special Tax Levy; Election; Voter Qualifications; Ballots 15_12.040 — Goals and Policies 25 15_12.045 - Conflict of Law 26 27 28 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 15.12.005 Purpose and Applicability The purpose and intent of this Chapter is to establish a procedure for financing certain public capital facilities and services through the establishment of community facilities districts, the levy of special taxes within such districts and the issuance of bonds secured by such special taxes_ The provisions of this Chapter are intended to be a supplement to existing state law for the formation of community facilities districts (Mellow-Roos Community Facilities Act of 1982). 1 2 3 4 5 6 7 15.12.010 Special Tax Proceedings Proceedings for the formation of a community facilities district or districts may be conducted pursuant to this Chapter whether or not provided in any state law. 15.12.015 Nonexclusivity A. This Chapter is not, in any way, exclusive. B. The procedures provided in this Chapter are alternative to any other procedure provided in this Code or under state law. C. The resolution of intention in any proceedings under any state law or other provision of this Code may provide that such provisions are supplemented by this Chapter. 15.12.020 Construction This Chapter is to be liberally construed. 8 9 10 11 12 13 14 15 16 17 18 19 20 15.12.025 Incorporation of the Mello-Roos Community Facilities Act of 1982. A. The Mello-Roos Community Facilities Act of 1982 (Chapter 2.5, commencing with Section 53311, of Part 1 of Division 2 of Title 5 of the Government Code, as amended from time to time), is incorporated in and made a part of this Chapter. B. Except as otherwise provided by this Chapter, the mode and manner for making improvements, for levying and collecting special taxes and for issuing bonds shall be as prescribed in the Mello-Roos Community Facilities Act of 1982. 21 22 23 24 25 26 27 28 -2- 1 2 15.12.030 Authorized Services; Public Parking Facilities A. A community facilities district special tax, whether approved by vote of the landowners or the registered voters of the district, may finance the operation, maintenance and servicing related to provision of transportation services, in addition to the services specified in the Mello-Roos Community Facilities Act of 1982, notwithstanding the fact that any such services supplant services which were already available within the territory when the district was created. A community facilities district special tax, whether approved by vote of the landowners or the registered voters of the district, may finance the purchase, construction, expansion, improvement, or rehabilitation of any public parking facility with an estimated useful life of five years or longer, and the operation and maintenance of such parking facility, in addition to the financing powers specified in the Mello-Roos Community Facilities Act of 1982. 15.12.035 Special Tax Levy; Election; Voter Qualifications; Ballots A. Notwithstanding Government Code Section 53326(a), the City Council shall submit the levy of any special taxes to the qualified electors of the proposed community facilities district or to the qualified electors of the territory to be annexed by the community facilities district in the next general election or in a special election to be held, notwithstanding any other requirement, including any requirement that elections be held on specified dates, contained in the Elections Code, at least 45 days, but not more than 180 days, following the adoption of the resolution of formation. This subsection 15.12.35.A shall apply only if the election is to be by the landowners of the proposed community facilities district, as described in Government Code Section 53326(b), and the proposed community facilities district is funding authorized services with no debt to be issued. B. Notwithstanding Government Code Section 53326(b), if the vote is to be by the landowners of the proposed community facilities district, as described in Government Code Section 53326(b), the City Council may provide for an alternative to the method of voting of each landowner having one vote for each acre or portion of an acre of land that a landowner owns within the proposed community facilities district. The alternative method of voting authorized by this subsection 15.12.035.B, provides that each landowner shall have one vote for each dollar or portion of a dollar of special tax that may be levied on such landowner's land to be included in the proposed community facilities district, based upon the proposed rate and method of apportionment and manner of collection of special tax for the proposed community facilities district, and the special taxes thereby to be levied in the 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -3- first full fiscal year following formation of the proposed district. This subsection 15.12.35.B shall apply only if the City Council finds that such alternative method of voting is more reflective of the burden of the special tax to be levied on the landowners in the proposed community facilities district. 15.12.040 Goals and Policies. Notwithstanding Government Code Section 53312.7(a), the local goals and policies required in connection with any proceedings taken, special tax levied or bonds issued pursuant to this Chapter, may be adopted at any time prior to or during the proceedings to establish a community facilities district. 8 9 15.12.045 Conflict of Law. 10 In the event of any conflict between the provisions of this Chapter and the provisions 1 'I of the Mello-Roos Community Facilities Act of 1982, this Chapter shall govern. 12 13 SECTION 2. Pursuant to Section 619 of the City Charter, this Ordinance 14 shall take effect thirty (30) days after the date of its adoption. Pursuant to Sections 616 15 and 621 of the City Charter, prior to the expiration of fifteen (15) days after the adoption, 16 the City Clerk shall cause this Ordinance, or a summary thereof, to be published in the 17 Culver City News and shall post this Ordinance or a summary thereof in at least three 18 places within the City. 19 /// 20 III 21 111 22 Ii i 23 1/1 24 III 25 /11 26 III 27 28 2 3 4 5 6 7 -4- APPROVED AS TO FORM: L A. SCHWAB, City Attorne 1 SECTION 3. The City Council hereby declares that, if any provision, section, 2 subsection, paragraph, sentence, phrase or word of this ordinance is rendered or declared 3 invalid or unconstitutional by any final action in a court of competent jurisdiction or by 4 reason of any preemptive legislation, then the City Council would have independently 5 adopted the remaining provisions, sections, subsections, paragraphs, sentences, phrases 6 or words of this ordinance and as such they shall remain in full force and effect. 7 8 APPROVED AND ADOPTED this day of , 2012. 9 10 11 ANDREW WEISSMAN , Mayor City of Culver City, California 12 ATTEST: MARTIN R. COLE, City Clerk Al2-00523 21 22 23 24 25 26 27 28 13 14 15 16 17 18 19 20 -5-