City Council

PUBLIC HEARING REGARDING INTENTION OF THE CITY COUNCIL OF\nTHE CITY OF BEVERLY HILLS TO FORM COMMUNITY FACILITIES\nDISTRICT NO. 2025-1 OF THE CITY OF BEVERLY HILLS (ONE BEVERLY\nHILLS), TO DESIGNATE IMPROVEMENT AREAS NO. 1 AND 2 THEREIN, TO\nLEVY SPECIAL TAXES THEREIN AND TO AUTHORIZE BONDED\nINDEBTEDNESS\nFOLLOWING THE PUBLIC HEARING, THE CITY PROPOSES TO CONDUCT\nAN ELECTION OF THE LANDOWNERS IN THE COMMUNITY FACILITIES\nDISTRICT TO APPROVE THE SPECIAL TAXES AND AUTHORIZE THE\nBONDED INDEBTEDNESS\nRESOLUTION OF THE COUNCIL OF THE CITY OF BEVERLY HILLS\nESTABLISHING COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE\nCITY OF BEVERLY HILLS (ONE BEVERLY HILLS) AND IMPROVEMENT\nAREAS THEREIN, AUTHORIZING THE LEVY OF SPECIAL TAXES AND\nCALLING A SPECIAL MAILED BALLOT ELECTION WITHIN EACH\nIMPROVEMENT AREA AND APPROVING AND AUTHORIZING CERTAIN\nACTIONS RELATED THERETO\nRESOLUTION OF THE COUNCIL OF THE CITY OF BEVERLY HILLS ACTING\nAS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO.\n2025-1 OF THE CITY OF BEVERLY HILLS (ONE BEVERLY HILLS)\nDETERMINING THE NECESSITY TO INCUR BONDED INDEBTEDNESS\nWITHIN IMPROVEMENT AREA NOS. 1 AND 2 OF COMMUNITY FACILITIES\nDISTRICT NO. 2025-1 OF THE CITY OF BEVERLY HILLS (ONE BEVERLY\nHILLS) AND CALLING SPECIAL MAILED BALLOT ELECTIONS THEREIN;\nRESOLUTION OF THE COUNCIL OF THE CITY OF BEVERLY HILLS,\nACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY\nFACILITIES DISTRICT NO. 2025-1 OF THE CITY OF BEVERLY HILLS (ONE\nBEVERLY HILLS) CERTIFYING THE RESULTS OF ELECTIONS HELD\nWITHIN IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2;\nORDINANCE OF THE CITY OF BEVERLY HILLS, CALIFORNIA ACTING IN\nITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES\nDISTRICT NO. 2025-1 (ONE BEVERLY HILLS) OF THE CITY OF BEVERLY\nHILLS AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN\nIMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2.\nComment: The City Council will conduct a public hearing on the proposed formation\nof a Community Facilities District (CFD) for the One Beverly Hills project. The CFD\nis a financing tool that would use special taxes levied only on the properties in the\nCFD to pay for public improvements like the botanical gardens. Following the\nhearing, the Council will consider forming the district. The City will also consider\nlevying the special taxes and declaring the necessity to incur bonded indebtedness,\nsubject to the landowner election. and finding the actions exempt from the California\nEnvironmental Quality Act.