Title
A Resolution Consenting to Inclusion of Property into Canyon Creek Metropolitan District Nos. 1-3
Presenter:
Carl Schueler, Comprehensive Planning Manager, Planning & Community Development Department
Body
Summary:
The Canyon Creek Metropolitan District Nos. 1-3 mistakenly included certain properties within their boundaries that are currently located outside the "Inclusion Area Boundaries as stipulated in Exhibit C-2 of their approved service plan. Paragraph V.A.7 of the service plan requires written consent of City Council to allow and legalize these property inclusions.
Previous Council Action:
City Council approved a consolidated service plan for the Canyon Creek Metropolitan Districts ("Districts") on October 14, 2008 (Resolution 177-08). On December 12, 2017, City Council approved a resolution temporarily appointing directors to District No. 2 (Resolution 154-17). A resolution authorizing the issuance of debt by these Districts is currently in process.
In November 2015 Council approved an urban renewal plan for a larger area encompassing this District.
This item was introduced at a February 26, 2018 Council Work Session. It was originally scheduled for action at the February 27, 2018 meeting, but has been postponed to this date.
Background:
Canyon Creek Metropolitan District Nos. 1-3 Districts were created in 2008 under a consolidated service plan. District No. 1 is the operating district, District No. 2 is the residential district and District No 3 is the commercial district. District Nos. 2 and 3 have a total levy of 40.0 mills in place and have not previously issued any formal debt. Each of these districts has a debt service mill levy of 30.0 (Gallagher adjusted). Together, the Districts provide financing and a source of reimbursement for qualifying public improvements for a portion of the South Nevada/South Tejon redevelopment areas.
Metropolitan district service plans approved by the City allow for the identificatio...
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