FULL PACKET_2006-04-17 - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: APRIL 17, 2006 TITLE: AGREEMENT BSTPiEEN THE CITIES OF SANTA ANA AND TUSTIN REGARDING JOINT COMMUNITY r~ '~ Qdocanon iar CLERK OF COUNCIL USE ONLY: APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1~' Reading ^ Ordinance on 2n0 Reading ^ Implementing Resolution ^ Set Public Hearing For CONTINUED TO FILE NUMBER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement between the Cities of Santa Ana and Tustin regarding a Joint Community Facilities Agreement authorizing the use of bond proceeds to fund intersection improvements. DISCUSSION On February 22, 2001 the Cities of Santa Ana and Tustin entered into an Amendment to Joint Exercises of Power Agreement regarding the Tustin- Santa Ana Transportation System Improvement Authority. Pursuant to the amendment, Tustin is required to pay Santa Ana its joint share of two intersection improvements - at Dyer and Grand and at Edinger and Grand. The Tustin City Council has initiated proceedings to establish Community Facilities District No. 06-1. This Facilities District will authorize the levy of special taxes upon the land within the former Marine Base site now known as Tustin Legacy. The City of Tustin is considering the use of bond proceeds to fund the two intersection improvements in Santa Ana. The City of Santa Ana would be responsible for designing the project, acquiring the right-of-way and constructing the improvements. For Santa Ana to receive the bonds proceeds, both cities must adopt a Joint Community Facilities Agreement. The bond proceeds are simply another revenue source to pay for Tustin's obligation of the intersection improvements. 25H-1