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HomeMy WebLinkAboutCC RES 95-006,-r,... � ::� . RESOLUTION NO. 95-6 ASSESSMENT DISTRICT NO. 94-3 (Merano) RESOLUTION OF TI� CITY COUNCIL OF THE CITY OF PALM DESERT DECLARING INTENTION TO ORDER T'HE ACQUISITION AND CONSTRUCI'ION OF CERTAIN IMPROVEMENTS VYITHIN AND FOR �A PROPOSED ASSESSMENT DISTRIGT AND THE PAYMENT OF CERTAIN EXPENSES INCIDENTAL THERET�O PURSUANT Z'O T'HE MUrTICIPAL IMPROVEMENT ACT OF 1913, DESCRIBING TI-� ASSESSMENT DISTRICT TO BE ASSESSED TO PAY THE COSTS AND EXPENSES TI�REOF, AND DETERMIrIING THAT BONDS SHALL BE ISSUED IN THE AMOLTNT OF THE UNPAID ASSESSMENTS PURSUANT TO THE IMPROVEMENT BOND ACT OF 1915 VVHEREAS, the Robert L. Mayer Trust has presenud a signed petidon to the City Council (the "City Council") of the City of Palm Desert (the "City") requesting the formation of an assessment district for the acquisition and construction of certain public improvements, together with appurtenances and appurtenant work and incidental costs and expenses in connection therewith, pursuant to the Municipal Improvement Act of 1913� Division 12 of the Streets and Highways Code, with bonds to be issued to finanoe said improvements pursuant to the Improvement Bond Act of 1915, Division 10 of said Code, said assessment district being designated "Assessment District No. 94-3 (Merano), City of Palm Desert, County of Riverside, State of California" (the "Assessment District"); and WHEREAS, the Ciry Council has adopted a, resolution approving and authorizing execution of an agreement entitled "Assessment Distrirt Acquisition and Construction Agreement, Assessment District No. 94-3 (Merano)" between the Robert L Mayer Trust, and the City providing for the acquisition and construction of said public improvements, and for the initiation by the City of proceedings for the formation of the Assessment District pursuant to the Municipal Improvement Act of 1913 and the sale of bonds pursuant to the Improvement Bond Act of 1915 to acquire and construct and finance the acquisition and construction of said public improvements; and WHEREAS, the City Council hereby finds that the public interest, convenience and necessity require the acquisition and conswction of the public improvements and payment of incidental costs and expenses in connection therewith, for the benefit of the lands within the exterior boundaries of the Assessment District, all within the exterior boundaries of the City, that the acquisition and oonstruction of the public improvements is feasible, and that the lands to be assessed will be able to carry the burden of the proposed assessments and to pay the costs and expenses thereof; BJS250670 NOW, TI�REFORE, the City Council of tho Ciry of Palm Desert, California, DOFS HEREBY RESOLVE as follows: i n . A�quisition and Construction of ImFrovements. The public interest, conveniena, and necessity require� and it is the intention of the G'Yty Couna'1 pursuant to the provisions of Division 12 of the Streets and Highways Code, the Municipal Improvement Act of 1913, to order the acquisition and construction of certain public improvements referred to hereinafter as the "improvements," all in the City of Palm Desert, County of Riverside, State of Califoraia, descn'bed as follows: � 'Ilract No. 27882-1 - 64 Lots 1) Country Club Drive roadway improvements including public utilities 2) Monterey Avenue roadway improvements including public ut�ities 3) Via Scena - roadway, sewer, water and storm drainage improvements 4) Public Utilities (constructed in private streets, within public easements) including mainline & lateraLs for sewer, water & storm drainage facilities. �act No. 2788Z-2 - 64 Lots 1) Public Utilities (constructed in private streets, within public easements) including mainline & laterals for sewer, water & storm drainage. Tract No. 27882 (Unrecorded Lot - Futnre Development) 1) Partial Country Club Drive roadway unprovements 2) Partial Monterey Avenue roadway improvements This description of the improvements is intended to be general in nature and the description of the improvements contained in the report of the Assessment Engineer shall be controlling as the conect and detailed description thereof. i n 2. DescriFtion of Assessment District. The improvements will be of direct benefit to properties and lands within the proposed Assessment District which is hereby declared to be the district bene5tted by said improvements and to be assessed to pay the costs and expenses thereof. Said district shall be lrnown as "Assessment Disvict No. 943 (Merano), City of Palm Desert, Counry of Riverside, State of California," and shall be all that part of the City, having the exterior boundaries as shown on the map of the Assessment District entitled "Proposed Boundaries of Assessment District No. 94-3, City of Palm Desert, County of Riverside, State of California," which map is on fi1e in the office of the City Clerk of the City. Reference is hereby made to said map for a full and complete description of the Assessment District, and said map shall govern for all details as to the extent of the Assessment District. HJszsos�o '2' Section 3. ReAort. The proposed improvements are hereby refened to KWC Engineers, Inc., the Assessment Engineer for the Assessment District, and said Assessment En�neer is hereby directed to make and file with the City Clerk of the City a report (the "Report") in writing presenting, to the extent they may be applicable, the following: (a) Plans and speci5cations of the proposed improvements which shall indicate the class and type of improvements to be provided for each zone within the Assessment District; (b) A general description of works or appliances already installed and any other property necessary or convenient for the operation of the improvements, if the works, appliances, or property aze to be acquired as part of the improvements; (c) An esdmate of the cost of the improvements and of the cost of lands, rights-of-way, easements, and incidental expenses in connertion therewith, including any cost of registering bonds; (d) A diagram showing as they eadsted at the time of the adoption of this resolution of intention (i) the exterior boundaries of the Assessment District, (u) the boundaries of any zones within the Assessment District, and (iri) the lines and dimensions of each pazcel of land within the Assessment DistricK. Each subdivision, including each oondominium interest, as de5ned in Section 783 of the Civ1 Code, shall be given a sepazate number upon said diagram; (e) A proposed assessment of the total amount of the cosu and expenses of the acquisition and construction of the improvements upon the several subdivisions of land in the Assessment District in proportion to the estimated benefits to be received by said subdivisions, respectively, from the improvements. Said assessment shall refer to such subdivisions by their respective numbers as assigned pursuant to subparagraph (d) of this Section 3. (� A proposed maximum annual assessment upon each of the several subdivisions of land in the district to pay costs incurred by the City and not otherwise reimbursed which result from the administration and collection of assessments or from the administration or registration of any associated bonds and reserve or other related funds. (g) A description of the improvements to be acquired and constructed. i n 4. Bonds. It is hereby determined and declared and notice is hereby given that serial bonds or term bonds, or both, to represent and to be secured by the unpaid amount of the assessments which will be levied to pay the costs and expenses of the acquisition and construction of the improvements, and to bear interest at the rate of not to exceed 12 percent per annum, shall be issued in the manner provided by Division 10 of the Streets and Highways Code, the Improvement Bond Act of 1915, and the last installment of such bonds shall mature a maximum of 25 years from the second day of September next sJszsos�o -3- succeeding 12 months from their date. The amount of principal of the bonds maturing or beooming subject to mandatory prior redemption in each year plus the amount of interest payable in that year will be an aggregate amount that is substantially equal each year, except for the monies falling due on the first maturity or mandatory prior redemption date of the bonds which shall be adjusted to reflect the amount of interest earned from the date when the bonds bear interest to the date when the first interest is payable on the bonds. Section 5. Snecial Reserve Fund. Pursuant to Part 16 (commencing wit6 Section 8880) of Division 10 of the Streets and Highways Code, there shall be included in the assessments to be levied on the land in the Assessment District, as an incidental expense of the proceeding.�, an amount not to exceed ten percent (10%) of the amount of the bonds to be issued to create a special reserve fund for the bonds. Said special reserve fund shall be identified as the "Assessment District No. 94-3 Special Reserve Fund," and upon receipt of the bond sale proceeds, said proceeds shall be transferred to said special reserve fund. Said special reserve fund shall constitute a trust fund for the benefit of the bondholders, and shall be maintained, used, transferred, reimbursed and liquidated as provided in said Part 16. Section 6. Collection of Assessments and Advance Retirement of Bonds. The procedures set forth in Part 11.1 of Division 10 of the Streets and Highways Code shall be followed in the collection of assessments and advance retirement of bonds. Section 7. UisFosition of Surolus Funds. If after completion of the acquisition and construction of the improvements and the payment of all claims from the improvement fund the City Council shall determine that a surplus remains in the improvement fund by reason of the assessment and any supplemental assessment levied for the improvements, any such surplus shall be used, in such amounts as the City Council shall determine, as follows: (a) For transfer to the general fund of the Ciry of an amount not to exceed the lesser of one Thousand Dollars (�1,000.00) or five percent (5%) of the total amount expended from the improvement fund; . (b) For the maintenance of the improvements; (c) As a credit upon the assessment and any supplemental assessment, in the manner provided in Section 104271 of the Streets and Highways Code; (d) To call bonds, thereby reducing outstanding assessments and subsequent assessment installments. Section 8. Rsfundine of Bonds. The City Council determines that the bonds to be issued pursuant to Section 4 hereof may be refunded pursuant to Division 11S (commencing with Section 9500) of the Streets and Highways Code on thc following conditions: s.rszso6�o �- (a) The maximum interest rate on the refunding bonds shall not exceed the maximum rate permitted by law at the time of the refunding; (b) The maximum number of years to maturiry of the refunding bonds shall not exceed the number of years to maturity of the bonds to be refu.nded; and (c) Any adjustment to assessments resulting from the refunding will be done on a prarata basis. Section 9. No Oblieation to C�re Deficiencr+. The City Council determines and declares pursuant to Section 8769 of the Streets and Highways Code that the Ciry will not obligate itself to advancc available funds from the treasury of the City to cure azry de5ciency which may occur in the bond redempdon fund. Secrion 10. Proceedings Under the Special Assessment IcrvestiEation. Lamitation and Maiori Protest Act of 1931. The City Council intends to comply with the requirements of the Special Assessment Investigation, Limitation aad Majority Protest Act of 1931, Division 4(commencing with § 2800) of the Streets and Hig,hways Code� by proceeding under Part 7S (commencing with � 2960) of said Division 4. In addition to the matters provided for in Section 3 hereo� there shall be included in the report provided for therein the following information: (a) the total amount, as neaz as may be determined, of the total prinapal of all unpaid speciai assessments required or proposed to be levied under any oompleted or pending assessment proceedings, other than that contemplated in the instant proceedings, which would require an investigation and report under said act against the total area proposed to be assessed; and (b) the total true value, as neaz as may be determined, of the parcels of land and improvements which aze proposed to be assessed. Pursuant to Sections 2961 and 2980 of the Streets and Highways Code, such total true value shall be the full cash value of such land and improvements as defined in Article ?QII A of the California Constitution as shown upon the last equalized assessment roll of the County of Riverside. i n 1. Propertv Owners Taki� Contract. It is hereby determined and declared that the public interest will not be served by allowing the owners of the lands assessed or liable to be assessed, or their agents, to take a contract for the construction and installation of the improvements. Section 12. Adjustment of Grade on Private Pro��,y. Wherever it is necessary to eliminate any disparity i.n level or size between said improvements and private property, it is in the public interest and more economical to do such work on private property than to adjust the work on public property to eliminate such disparity. ars2so6�o -5- PASSED. APPROVED AND ADOPTED this 9th day of February. 1995, by the following vote, to wit AYES:BENSON, KELLY, SNYDER, SPIEGEL, CRITES NOFS: NorrE ABSENT: NONE ABSTAIN: NorrE i Mayor SHEILA R GII�dC Ciry of Palmi Desert a�szsos�o '�'