Title
Subject: Werner Court Vegetation Management - Public Hearing
From: Financial Services Agency
Recommendation: Conduct a Public Hearing and upon conclusion adopt the following legislation regarding the formation of Communities Facilities District No. 2003-1 (Werner Court Vegetation Management):
1) Adopt a Resolution of Formation;
Body
FILED
CITY OF OAKLAND OFFICE OF THE CITY CLERK
COUNCIL AGENDA REPORT CAQ 4NID
2003 JUN 2 6 PH 2: 2 6
TO: Office of the City Manager
AT`T`N: Robert C. Bobb
FROM: Financial Services Agency
DATE: July 8, 2003
RE: PUBLIC HEARING AND RESOLUTION OF FORMATION, RESOLUTION
CALLING SPECIAL MAILED-BALLOT ELECTION, AND RESOLUTION
DECLARING ELECTION RESULTS, ALL IN CONNECTION WITH THE
COMMUNITY FACILITIES DISTRICT NO. 2003-1 (WERNER COURT
VEGETATION MANAGEMENT); AND ORDINANCE OF THE CITY COUNCIL
OF THE CITY OF OAKLAND LEVYING A SPECIAL TAX FOR THE FISCAL
YEAR 2003-2004 AND FOLLOWING FISCAL YEARS SOLELY WITHIN AND
RELATING TO COMMUNITY FACILITIES DISTRICT NO. 2003-1 (WERNER
COURT VEGETATION MANAGEMENT)
SUAU4ARY
A Community Facilities District ("CFD"), encompassing a 21-lot subdivision on Werner Court,
has been proposed in order to levy and collect funds from the 21 lots within the District in order
to fund the vegetation management and related costs required as a condition of developing this
subdivision. Following the Public Hearing on this Cornmunity Facilities District No. 2003-1
(Werner Court Vegetation Management), the City Council must adopt additional resolutions and
an ordinance in order to complete the establishment of CFD No. 2003-1.
FISCAL EMPACT
The proposed Werner Court Vegetation Management District (the "District") will be fully
supported by an annual special tax levied exclusively on the 21 parcels within the District. The
City's administrative costs related to the District will be reimbursed from the special tax
proceeds. There will be no impact on the City's finances or on th...
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