1990 OCT 30 ADJ MIN - Laserfiche WebLink

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to be provided by the District, as well as cost estimates for providing these facilities and services. Also included is a description of the area within the District and the rate and apportionment of the special tax. Mr. Zamora advised this public hearing will allow any interested person to speak verbally, or in writing, in favor of or in opposition to the proposed District. If the majority of property/land owners within the District file a protest, the proceedings are automatically halted. If not, Council may proceed with formation of the District. Mr. Zamora stated if Council proceeds, a Special Election will be held November 6, 1990, with respect to the levy of special taxes, bonded in- debtedness in the amount of $10 million, and the process to be used to establish an annual appropriations limit for the District. The City Clerk will act as Elections Official and will conduct the Election at City Hall. The City has received notification from the County Registrar of Voters Office that as of October 22, 1990, there were no persons registered to vote within the boundaries of Community Facilities Dis- trict No. 90-1. Accordingly, since the number of registered voters is less than 12, the voters in the Election will be the property owners. If votes representing 2/3 of the property within the District are posi- tive, the City may proceed to sell bonds to construct and/or purchase infrastructure for public use, and to levy an assessment on an annual basis to fund debt service and other services in the area in question. Mr. Zamora concluded Staff recommends the City Council accept and file the Report for Community Facilities District No. 90-1, as prepared by the City's special tax consultant, Rod Gunn Associates, and adopt Reso- lution Nos. R-120-90, R-121-90 and R-122-90, implementing the formation of Community Facilities District No. 90-1. Mr. Zamora also referred to a report from GRC-Copenhaver, Inc., on the Mt. Vernon Corridor Public Parking Need Analysis. Mayor Gonzales asked if anyone present desired to speak on this matter. City Clerk Ramos advised that no written protests had been received. City Clerk Ramos reported there are no registered voters within Commun- ity Facilities District No. 90-1. City Clerk Ramos reported she has received waivers from both property owners within the District regarding the Special Election to be held November 6, 1990. City Clerk Ramos stated she concurs with the holding of the Special Election for Community Facilities District No. 90-1 on November 6, 1990. Moved by Councilman Lofy, seconded by Councilman Rios, the Public Hear- ing was terminated. Unanimous vote. Moved by Councilwoman Cisneros, seconded by Councilman Rios, to adopt