REPORT TO THE CITY COUNCIL
August 21, 2014
FROM: SCOTT L. MOZIER, PE, Director
Public Works Department
THROUGH: ANDREW J. BENELLI, PE, City Engineer/Assistant Director
Public Works Department, Traffic and Engineering Services Division
BY: ANN LILLIE, Senior Engineering Technician
Public Works Department, Traffic and Engineering Services Division
SUBJECT
Title
*RESOLUTION - Adopting the 11th amendment to the Annual Appropriation Resolution 2014-95 recognizing $10,000 in revenue from developer contributions to form the City of Fresno Community Facilities District No. 15 East Copper River Maintenance District (the eastern half of the Copper River Ranch Development, between Silaxo Lane (private street), East Copper Avenue, North Willow Avenue and North Baird Avenue) (Council District 6) (Requires 5 affirmative votes)
Body
RECOMMENDATION
Adopt the 11th amendment to the Annual Appropriation Resolution No. (AAR) 2014-95 recognizing $10,000 in revenue from developer contributions to form the City of Fresno "(City") Community Facilities District No. 15 East Copper River Maintenance District ("CFD No. 15").
EXECUTIVE SUMMARY
Copper River Ranch LLC has deposited $10,000 to cover the costs incurred by the City for the formation of CFD No. 15 to fund the Services (defined below) for certain required public improvements associated with this development. The intent of this district is to ensure that the City will have no General Fund obligation related to the improvements. Adoption of the resolution will authorize the use of these deposits for formation related expenditures. (See attached location map)
BACKGROUND
On July 24, 2014, the Copper River Ranch LLC requested that the City form a Community Facilities District to fund the operations and maintenance ("Services") of certain required public improvements located within public easements associated with the easterly portion of the Copper River Ranch development. Services are ...
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