Laserfiche WebLink
Resolution for the Formation of the Warner Industrial Community Assessment District <br />April 5, 2016 <br />Page 2 <br />Report also provides information on which property owners can base their decision to vote in <br />favor or against formation of the AD. <br />On January 19, 2016, the City Council adopted a resolution preliminarily approving the <br />Engineer's Report, setting the time and date for a public hearing, and ordering the initiation of <br />assessment ballot proceedings (Resolution No. 2016 -003). Staff recommends the adoption of a <br />resolution (Exhibit 1) so that the City may complete the formation of the Assessment District and <br />construct greatly needed improvements in that district. <br />This public /private partnership is being established as a source of new funds to accelerate <br />various public improvements. Staff has been working with legal and professional assessment <br />engineer consultants, as well as the City Attorney's office, to ensure that proper procedures are <br />followed. Upon approval of this recommended action, the general sequential steps to complete <br />the formation of this Assessment District are as follows: <br />STEPS <br />TIME NEEDED <br />ACTION <br />1 <br />2 to 3 Months <br />Finalize financing /legal documents and resolution confirming <br />the levy and assessment amounts. <br />2 <br />6 to 9 Months <br />Construct and complete the Assessment District <br />improvements. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & <br />Infrastructure, Objective #1 (Establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (Develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />�y Fred MG' bsavipour <br />G Executive Director <br />Public Works Agency <br />Exhibit: 1. Resolution for Formation of the Warner Industrial Community Assessment District <br />75A -2 <br />