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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 z 6610 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 3 6610 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 4 6610 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 5 6610 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 6 6610