Title
HEARING - Auditor-Controller recommending the Board:
1) Adopt the following resolutions that are on file in the Board Clerk’s Office completing the formation process for El Dorado County Community Facilities District No. 2024-2 (Heritage at Carson Creek Village 11):
A) Resolution of Formation of Community Facilities District 119-2024, to which are attached two exhibits as follows: a) Exhibit A - List of Facilities and b) Exhibit B - Rate and Method of Apportionment.
B) Resolution Calling Special Landowner Election 120-2024, to which is attached a form of the Ballot; and
C) Resolution Declaring Results of Special Landowner Election and Directing Recording of Notice of Special Tax Lien 121-2024, to which is a form for the Board Clerk's use in canvassing the election results; and
2) Approve the Introduction (First Reading) of Ordinance 5204 Levying Special Taxes for CFD 2024-2 (Heritage at Carson Creek Village 11), waive full reading of the Ordinance, read by title only, and continue this matter to July 23, 2024 for Final Passage (Second Reading). (Cont. 6/25/2024, Item 51)
FUNDING: N/A
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DISCUSSION / BACKGROUND
On May 21, 2024, the Board adopted Resolution 085-2024, a Resolution of Intention setting forth the intention to establish Community Facilities District 2023-1 (East Ridge) and stating the County's intention to levy a special tax to pay for the acquisition, construction, and associated costs of the public facilities, and to issue bonds in an amount not to exceed $150 million for the CFD. The boundary of the CFD showing the area initially to be taxed, the formula for calculation of the special tax and the list of authorized facilities were specified in the Resolution of Intention and are shown on a recorded boundary map. The Resolution also set July 18, 2023 as the date for a hearing on the matters set forth therein, and on that date the CFD formation process is eligible for completion.
On the June 25, 2024 public hearing date the Board has t...
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