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HomeMy WebLinkAbout2022-029 - Resolution RESOLUTION NO. 2022-029 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, DECLARING ITS INTENTION TO ESTABLISH THE RANCHO CUCAMONGA ENHANCED INFRASTRUCTURE FINANCING DISTRICT TO FINANCE THE CONSTRUCTION, REPAIR, ACQUISITION, AND/OR MAINTENANCE OF CAPITAL IMPROVEMENTS AND FACILITIES, INCLUDING THE ACQUISITION AND/OR REMEDIATION OF LAND FOR SUCH IMPROVEMENTS AND FACILITIES; ESTABLISHING A PUBLIC FINANCING AUTHORITY; AND AUTHORIZING CERTAIN OTHER ACTIONS RELATED THERETO WHEREAS, SB 628, effective as of January 1, 2015, allows a city or county to create a separate government entity known as an "Enhanced Infrastructure Financing District' (EIFD) within a defined area to finance certain infrastructure projects with community-wide benefits; and WHEREAS, pursuant to Chapter 2.99 of Part 1 of Division 2 of Title 5 of the California Government Code(commencing with Section 53398.50)(the "EIFD Law"), the City Council of the City of Rancho Cucamonga ("Council') is authorized to initiate the process to establish an EIFD; and, WHEREAS, EIFDs are financed through tax increment generated from the growth in property taxes collected from within a designated district boundary. There are no new taxes or impacts to the property owner within an established EIFD; and, WHEREAS, EIFD tax increment may be used to pay for a variety of public facilities and other projects authorized by the EIFD Law within the established EIFD boundaries or outside of the established EIFD boundaries if there is a tangible connection to the work of the EIFD, including but not limited to infrastructure such as roads, utilities, streetscapes, parks and public recreation, or other community facilities. Funding may also be used to facilitate public-private activities by enticing development with infrastructure development and expansion, including new industrial- manufacturing facility construction and repair, and brownfields remediation. Affordable housing, including affordable senior housing, is also an eligible activity; and, WHEREAS, the City executed a Professional Services Agreement dated March 15, 2021 with Kosmont & Associates, Inc. DBA Kosmont Companies for Tax Increment Financing Consulting Services; and, WHEREAS, on November 3, 2021, City Council provided direction to City staff during a Council Study Session to move forward with initial EIFD formation activities; and, WHEREAS, the prerequisites set forth in Government Code Section 53398.54 have been complied with prior to the City initiating the creation of or participating in the governance of the EIFD, and the City will provide the required certification to the California Department of Finance ("DOF") in accordance with the EIFD Law; and, WHEREAS, the proposed boundaries of the Rancho Cucamonga EIFD are identified on Exhibit A entitled "Proposed EIFD Boundaries", a copy which is on file in the office of the City Clerk; and, WHEREAS, the EIFD will be governed by a Public Financing Authority ("PFA") board which will be responsible for implementing the Infrastructure Financing Plan for the EIFD ("IFP"), Resolution No. 2022-029 - Page 1 of 8 and the PFA is required to be established by the City Council at the same time that the Council adopts its intention to form the proposed EIFD; and, WHEREAS, the Rancho Cucamonga Fire Protection District is expected to participate in the EIFD as a taxing entity; and, WHEREAS, the City Council's adoption of this Resolution of Intent and establishment of the Public Financing Authority are exempt from the California Environmental Quality Act("CEQA") as actions solely related to the creation of a government funding mechanism and the administrative or organizational activities of the City. Therefore, these actions do not constitute a "project" pursuant to CEQA Guidelines Sections 15378(b)(4) and 15378(b)(5). Neither of these actions could result in a physical change in the environment because the City has not committed itself to any specific project(s)that could be funded by the EIFD. As a separate and independent ground, the adoption of this Resolution is exempt from the requirements of CEQA pursuant to Section 15061(b)(3) of the CEQA Guidelines because it can be seen with certainty that there is no possibility that the adoption of this Resolution will have a significant effect on the environment. However, future actions (such as the approval of infrastructure improvements using funding from the EIFD)will be subject to environmental review in accordance with CEQA. NOW, THEREFORE, the Rancho Cucamonga City Council does hereby find, determine, conclude, and resolve as follows: Section 1. The City Council of the City of Rancho Cucamonga proposes and intends to cause the establishment of an EIFD under the provisions of the EIFD Law. Section 2. The name proposed for the EIFD shall be the "Rancho Cucamonga Enhanced Infrastructure Financing District." Section 3. The proposed boundaries of the EIFD are as shown on Exhibit A attached hereto, which are preliminarily approved and on file in the office of the City Clerk and incorporated herein by reference. Section 4. The types of public facilities and development proposed to be financed or assisted by the EIFD pursuant to the EIFD Law are those listed on Exhibit B, attached hereto and incorporated herein by reference. Section 5. The City Council hereby finds that the EIFD is necessary for the area within the boundaries of the EIFD and the City. The City Council's stated goals for the EIFD are to create a means by which to assist in the provision of public facilities or other specified projects of communitywide significance that provide significant benefits to, promote economic development of, and enhance quality of life within, the boundaries of the EIFD or the surrounding community. Section 6. The City Council hereby declares that, pursuant to the EIFD Law and if approved by resolution pursuant to Government Code Section 53398.68, incremental property tax revenue from the City of Rancho Cucamonga and some or all other affected taxing entities within the EIFD may be used to finance the activities described in Section 4 and listed on Exhibit B. The incremental property tax financing will be described in an IFP to be prepared for approval by the PFA, the City Council, and the legislative bodies of all participating taxing entities under EIFD Law. Resolution No. 2022-029 - Page 2 of 8 PASSED, APPROVED, and ADOPTED this 16th day of February 2022. .01 L. De nis Michael, Ma or ATTEST: gqL)�46r-' Cam. ice C. Reynolds, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 16th day of February 2022. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 17m day of February, 2022, at Rancho Cucamonga, California. .nice C. Reynolds, City Clerk Resolution No. 2022-029 - Page 5 of 8 EXHIBIT B CITY OF RANCHO CUCAMONGA ENHANCED INFRASTRUCTURE FINANCING DISTRICT LIST OF AUTHORIZED PUBLIC FACILITIES The Rancho Cucamonga EIFD may finance the purchase, construction, expansion, improvement, seismic retrofit, or rehabilitation of any real tangible property with an estimated useful life of 15 years or longer which are public capital facilities or other projects of community- wide significance that provide significant benefits to the EIFD or the surrounding community. The EIFD may also finance the ongoing or capitalized costs to maintain public capital facilities financed in whole or in part by the EIFD. Facilities funded may be located outside the boundaries of the EIFD, as long as they have a tangible connection to the work of the EIFD as detailed in the infrastructure financing plan. The EIFD may also finance the planning and design work that is directly related to the purchase, construction, expansion, or rehabilitation of property. The EIFD may finance costs described in Government Code Sections [53398.52 [list of eligible improvements]] 53398.56 [replacement housing and relocation obligations if required by actions of EIFD] and 53398.57, as may be amended from time to time. Projects financed by the EIFD may include, but not be limited to, all of the following: • Highways, interchanges, and ramps; • Bridges; • Arterial streets; • Parking facilities; • Transit facilities; • Parks, recreational facilities, and open space; • Sewage treatment and water reclamation plants and interceptor pipes; • Facilities for the collection and treatment of water for urban uses; • Facilities for the transfer and disposal of solid waste, including transfer stations and vehicles; • Storm water conveyance and collection facilities; • Flood control levees and dams, retention basins, and drainage channels; • Child care facilities; • Libraries; • Broadband and telecommunications infrastructure; • Sidewalks and streetscape improvements; • Bicycle lanes and paths; • Public art; • Corporation yards; • Police facilities; • Brownfield restoration and other environmental mitigation; • Affordable housing as authorized under the EIFD Law; • Projects that implement a sustainable communities strategy and transit priority projects; • Acquisition, construction, or repair of industrial structures for private use; • Acquisition, construction, or repair of commercial structures by the small business occupant of such structures, if such acquisition, construction, or repair is for purposes of fostering economic recovery from the COVID-19 pandemic and of ensuring the long- term economic sustainability of small businesses; Resolution No. 2022-029 - Page 7 of 8 • Projects that enable communities to adapt to the impacts of climate change, including, but not limited to, higher average temperatures, decreased air and water quality, the spread of infectious and vector-borne diseases, other public health impacts, extreme weather events, sea level rise, flooding, heat waves, wildfires, and drought; • Facilities in which nonprofit community organizations provide health, youth, homeless, and social services. Other Expenses In addition to the direct costs of the above facilities, other incidental expenses as authorized by the EIFD Law, including, but not limited to, the cost of environmental evaluation and environmental remediation; engineering and surveying; construction staking; utility relocation and demolition costs incidental to the construction of the facilities; costs of project/construction management; costs (including the costs of legal services) associated with the creation of the EIFD; costs of issuance of bonds or other debt of the EIFD, of a community facilities district of the City, or of any other public agency for authorized facilities and payment of debt service thereon; financing costs of improvements incurred by developers until reimbursement from the EIFD; costs incurred by the County or the EIFD in connection with the division of taxes pursuant to Government Code Section 53398.75; or costs otherwise incurred in order to carry out the authorized purposes of the EIFD; reimbursements to other areas for facilities serving the EIFD; and any other expenses incidental to the formation and implementation of the EIFD and to the construction, completion, inspection and acquisition of the authorized facilities. Resolution No. 2022-029 - Page 8 of 8 CITY OF RANCHO CUCAMONGA ENHANCED INFRASTRUCTURE FINANCING DISTRICT PARCELS PROPOSED FOR INCLUSION 20206150 20764105 20941135 22912110 106126135 107791234 107791283 107791419 107791467 20209107 20764106 21008141 22912115 106126136 107791235 107791301 107791420 107791468 20209108 20764107 21008142 22912116 106126138 107791236 107791302 107791421 107791469 20209109 20764108 21037103 22912133 106126139 107791237 107791303 107791422 107791470 20209110 20764109 21037107 22912134 106126140 107791238 107791304 107791423 107791501 20209115 20764110 22705103 22912135 106126141 107791239 107791305 107791424 107791502 20209116 20832124 22902168 22913119 106126142 107791240 107791306 107791425 107791503 20209202 20833108 22902169 22913124 107742251 107791241 107791308 107791426 107791504 20209203 20833117 22902170 22928350 107742255 107791242 107791309 107791427 107791505 20209204 20833118 22902171 22928351 107742298 107791243 107791310 107791428 107791506 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