City Council

B. PUBLIC HEARING TO CONSIDER A RESOLUTION AUTHORIZING\nEXECUTION AND DELIVERY OF A JOINT COMMUNITY FACILITIES\nAGREEMENT IN CONNECTION WITH THE BOND OPPORTUNITIES\nFOR LAND DEVELOPMENT (BOLD) PROGRAM FOR DEVELOPMENT\nIMPACT FEES FOR TRACT NOS. 38171 AND 37857; AND MAKING A\nFINDING OF SIGNIFICANT BENEFITS FOR THE FINANCING OF\nCERTAIN IMPROVEMENTS BY A COMMUNITY FACILITIES\nDISTRICT TO BE FORMED BY THE CALIFORNIA MUNICIPAL\nFINANCE AUTHORITY\n1. Requested Action: That the City Council conduct a public hearing\nregarding the financing of public improvements to be owned by the City of\nJurupa Valley or the Jurupa Area Recreation and Park District in connection\nwith the Countryside & Las Palmas development through the formation of\na community facilities district and the issuance of bonds by the California\nMunicipal Finance Authority (the “CMFA”); and\n2. That the City Council adopt Resolution No. 2024-91, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nJURUPA VALLEY, CALIFORNIA, AUTHORIZING EXECUTION\nAND DELIVERY OF A JOINT COMMUNITY FACILITIES\nAGREEMENT IN CONNECTION WITH THE BOND\nOPPORTUNITIES FOR LAND DEVELOPMENT (BOLD)\nPROGRAM FOR DEVELOPMENT IMPACT FEES FOR TRACT\nNOS. 38171 AND 37857; AND MAKING A FINDING OF\nSIGNIFICANT BENEFITS FOR THE FINANCING OF CERTAIN\nIMPROVEMENTS BY A COMMUNITY FACILITIES DISTRICT\nTO BE FORMED BY THE CALIFORNIA MUNICIPAL FINANCE\nAUTHORITY