City Council

11. Formation of Community Facilities District 2023-1. Conduct a Public Hearing regarding the\nformation of Community Facilities District No. 2023-1 in The Preserve.\nStaff Report by: Nadyne Lowry, Deputy Director of Finance.\nJUNE 6, 2023 4\nRECOMMENDATION: 1) Conduct a Public Hearing regarding the formation of Community\nFacilities District No. 2023-1; 2) accept tax consultant’s report; 3) adopt Resolution No. 2023-\n029, establishing CFD No. 2023-1, authorizing the levy of special taxes, and calling an election;\n4) adopt Resolution No. 2023-030, determining the necessity to incur bonded indebtedness; 5)\nconduct a special election with the property owners; 6) adopt Resolution No. 2023-031,\ndeclaring results of the special election and directing recording of the special tax lien; 7)\napprove the introduction of Ordinance No. 2023-013, levying a special tax, to be read by\nnumber and title only, and waive further reading of the Ordinance; and 8) authorize the City\nManager to execute all necessary documents on behalf of the City.\nORDINANCE NO. 2023-013\nORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHINO, ACTING IN ITS CAPACITY\nAS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-1 (SAGE\nCEDAR) OF THE CITY OF CHINO AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN\nTHE DISTRICT\nM _____ S _____ RC _____