JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Discussion Regarding Potential Formation of Special Tax District for the Transit Oriented District at Washington/National and Authorization to Release a Request for Proposals for Professional Special Tax District Formation Services Related Thereto. City of Culver City California Agenda Item Report Item Number: J 4 Meeting Date: 11/01/10 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Discussion Regarding Potential Formation of Special Tax District for the Transit Oriented District at Washington/National and Authorization to Release a Request for Proposals for Professional Special Tax District Formation Services Related Thereto. Contact Person/Dept.: Glenn Heald Todd Tipton/Community Development Nick Kimball/Finance Fiscal Impact: Yes No X Phone Number: (310) 253 5752 (310) 253 5783 and (310) 253 6013 General Fund: Yes No X Public Hearing: Action Item: X Attachments: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (10/27/10); Meetings and Agendas Redevelopment Agency (10/27/10). Department Approval: Sol Blumenfeld/CDD (10/26/10) Jeff Muir/Finance (10/27/10) City Attorney Approval: Carol Schwab (by H. Baker) (10/27/10) Agency General Counsel Approval: Murray Kane (10/21/10) City Manager/Executive Director Approval: John M. Nachbar (10/27/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (10/27/10) RECOMMENDATION: Staff recommends the City Council and Redevelopment Agency Board (Agency Board) discuss the potential formation of a special tax district for the Transit Oriented District involving commercially zoned properties surrounding the Exposition Light Rail (LRT) station in the Washington/National area and authorize the issuance of a Request for Proposals (RFP) for professional special tax district formation services related thereto. BACKGROUND: The Mello Roos Community Facilities Act of 1982 allows the funding...
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