HomeMy WebLinkAbout6610RESOLUTION NO. 6610
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, INITIATING PROCEEDINGS
FOR THE FORMATION OF THE SANTA ANITA OAKS
LIGHTING DISTRICT; AND THE LEVY AND COLLECTION
OF ASSESSMENTS RELATED THERETO COMMENCING
WITH FISCAL YEAR 2008/2009
WHEREAS, the City Council pursuant to the provisions of the
Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the Streets
and Highways Code of California, beginning with Section 22500 (hereafter
referred to as the "1972 Act") desires to initiate proceedings for the formation
of the "Santa Anita Oaks Lighting District" (hereafter referred to as the
"District"); and to levy and collect annual assessments to pay for the
construction and installation of street lighting improvements within the
District including related incidental expenses and financing costs, and for the
operation, maintenance and servicing of the street lighting improvements and
appurtenant facilities related thereto. The 1972 Act provides for the
formation of an assessment district pursuant to Chapter 2 Article 1 of the
1972 Act, and the levy and collection of assessments by the County on behalf
of the City pursuant to Chapter 4 Article 2 of the 1972 Act; and
WHEREAS, the City Council has determined that the estimated cost to
construct and install street lighting improvements within the District is
greater than can be conveniently raised from a single annual assessment, and
the City shall loan to the District, at an annual interest rate of five percent
(5%), the funds estimated for such costs and the repayment of that loan shall
be collected in equal annual installment assessments over a period of ten
years pursuant to Chapter 5, Section 22660 (b) of the 1972 Act; and
WHEREAS, the City has retained MuniFinancial as the Engineer of
Work, for the purpose of assisting with the formation of the District, the
establishment of assessments, and to prepare and file an Engineer's Report
with the City Clerk in accordance with the 1972 Act and to assist with the
property owner ballot proceedings connected therewith pursuant to the
provisions of the California Constitution Article XIIID (hereafter referred to
as the "Constitution").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE AND
RESOLVE AS FOLLOWS:
SECTION 1. IMPROVEMENTS. The improvements generally
include, but are not limited to, the materials, equipment, utilities, labor,
contract services, financing and incidental expenses associated with the
construction and installation of new street lighting and replacement of
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existing street light poles within the public right-of--ways on specific streets
within the residential area known as Santa Anita Oaks; as well as the ongoing
maintenance, servicing and operation of street lighting improvements and
appurtenant facilities that will provide special benefit to the properties within
the District. Detailed maps and descriptions of the location and extent of the
proposed improvements to be constructed, installed and maintained by the
District are on file in the Office of Public Works Services Department of the
City of Arcadia and by reference these plans and specifications are made part
of this Resolution.
SECTION 2. TERRITORY. The territory of land within the
proposed District is within the residential area known as Santa Anita Oaks of
the City of Arcadia, the County of Los Angeles, State of California and is
generally located south of Orange Grove Avenue, east of Baldwin Avenue
and north of Foothill Boulevard. The District includes two hundred fourteen
(214) parcels that comprise two hundred six (206) single-family residential
lots located on Arbolada Drive, Carmelita Place, Gloria Road, Hacienda
Drive, Hampton Road, Oak Meadow Road, Oaklawn Place, Oaklawn Road,
and San Carlos Road. These parcels are identified on all or a portion of Book
5796 Pages 17 through 25; and Book 5770 Pages, 15, 16, 17 and 20 through
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SECTION 3. ASSESSMENTS
AND FINANCIAL
PROVISIONS. Based on the City's estimate of the cost of constructing the
proposed street light improvements within the District ($550,000), upon
successful formation of the District, the City shall provide a loan to the
District for the construction of the improvements at an annual interest rate of
five percent (5%), with the principal, interest and incidental expenses being
repaid to the City through the collection of equal annual assessment
installments over the first ten years of the District (Fiscal Year 2008/2009
through Fiscal Year 2017/2018). In addition to the annual installments (debt
service payment), the proposed annual assessments shall include designated
funding for the ongoing annual expenses to maintain, service and operate
street lighting improvements (O&M payment) that provide special benefits to
properties in the District. Collectively, the debt service payment and O&M
payment for each parcel represent the annual assessment amount that shall be
collected on the County tax rolls as a single assessment.
SECTION 4. ENGINEER'S REPORT. The City Council hereby
orders MuniFinancial to prepare and file with the City Clerk an Engineer's
Report concerning the formation of the Santa Anita Oaks Lighting District
and the levy of special benefit assessments for properties therein including
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annual installments to repay the City loan to finance the initial construction
and installation of the improvements and the annual assessments for the
ongoing maintenance, servicing and operation associated with the street
lighting that provides special benefits to those properties.
SECTION 5. The City Clerk shall certify to the adoption of this
Resolution.
Passed approved and adopted this 4th day of March , 2008.
Mayor of e Ci ~ of Arcadia
ATTEST:
City Clerk of the City of Arcadia
APPROVED AS TO FORM:
~ ~~
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies
that the foregoing Resolution No. 6610 was passed and adopted by the City Council
of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a
regular meeting of said Council held on the 4th day of March, 2008 and that said
Resolution was adopted by the following vote, to wit:
AYES: Council Member Amundson, Chandler, Harbicht, Wuo and Segal
NOES: None
ABSENT: None
City Clerk of the City of Arcadia
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