1992 CC MIN Aug 18 - Laserfiche WebLink

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Councilwoman Cisneros informed that she had received a number of inquiries about any downgrading of the 16 homes. These residents are concerned with having a new developer whether the Planning Department will have to approve any changes. She said she had received complete reports from the City Manager which she will be making available to the residents. She asked if Planning Director Aguilera would be available to answer the question. Community Development Director Aguilera stated that as with any new developer, there would be inspections and approvals to be determined. The project would go before the Planning Commission. Motion by Councilrnember Cisneros, seconded by Councilmernber L.ofy, to approve and accept the Consent Calendar except for all of the Agenda items referring to any community facilities districts. Councilmernber Cisneros interjected that she wanted to see the CFD residents' concerns addressed. Unanimous vote. Mayor Gonzales asked staff to do a workshop session regarding the community facilities districts. Financial Services Manager Young alerted City Council that the County of San Bernardino has a deadline to set tax rate if the bonds are to be paid, if the matter is continued to the next regularly scheduled meeting, the county deadline will not be met. Mr. Young suggested City Council to continue to a Special Adjourned fleeting. City Manager Mewls warned that if the deadline is not meta bonds will go into default, leaving the City open to litigation and possible bankruptcy. Mr. Lewis stated that the issues raised are addressable with respect to request of payment to the actual bond. if the City defaults, there will be litigation between the City and the trustee. City Council and Staff can move forward and meet with the resident group, At this time, Councilwoman Cisneros declares, "We have all the time in the world, lets explain it (CFDs) tonight." Mr. Levis accepts the directive and requests a brief recess to organize his thoughts and invites Mr. Young and Mr Aguilera to join him at the dais. At 8:05 P. M., Mayor Gonzales declared a brief recess to allow staff to prepare and meeting reconvened at 8:12 P. M., all Councilmernbers present. City Manager Lewis explained that the individual Mello -Roos Districts all pre -date present staff. Mello -Roos is a financing vehicle designed to help developers and cities to help defray costs of development. Draining system, street improvements, street lights, parks and other amenities. In addition to helping city and developers to defray costs, it permitted the homebuyer to purchase a home at a louver price, There the purchaser may be looping at a $180,000 horned the selling price would be $150,000 with hard costs W for police/fire services, draining systems, street improvements and parks - passed on to the Mello -Roos District. Mr. Lewis pointed out that the Mello -Rohs documents contain permissive language. It states that the funds can be used for certain things as storm drains, parks, curbs, gutters` street lights, fire station, or schools. This permissive language has created a misconception that the specific improvements would be built. Community facilities districts can be N