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<br />, <br />. <br /> <br />Minutes - City of San Leandro City Council Meeting <br />June 5, 2000 <br /> <br />Page 8 <br /> <br />D. Matter of Establishment of Community Facilities District (CFD) No. 1 for the <br />Cherrywood Project and Setting the Public Hearing for July 17, 2000. <br /> <br />The City Manager gave a brief staff report and explanation of the proposed <br />Community Facilities District for the Cherrywood Project. <br /> <br />City Council discussion ensued regarding how the Facilities District operates, <br />including who is responsible for the bond payments, maintenance of the sidewalks, <br />maintenance of open space, etc. The City Council also expressed concern that <br />there was not more explanation of this process prior to the City Council being <br />asked to vote on the matter this evening. <br /> <br />Staff continued the discussion with the City Council and explained the <br />indebtedness and bonding procedure. <br /> <br />Craig Bettencourt addressed the City Council, indicating the timing of this item is <br />crucial in order to get the debt on the County tax rolls. He further indicated this is <br />simply a loaning of the "tax exempt" ability to the homeowners. <br /> <br />Staff also stressed the matter on the Agenda this evening is just setting the Public <br />Hearing for July 17, 2000, and that there will be additional time to review the <br />matter, as well as an opportunity for public input, before the City Council votes on <br />the issue. <br /> <br />The following Resolutions were then introduced: <br /> <br />Resolution No. 2000-84, Resolution of Intention to Establish a Community <br />Facilities District (provides for the formation of a specific Community Facilities <br />District for the Cherrywood project). (2887) <br /> <br />M1S/C Loeffler and Glaze. Ayes: 6; Noes: 0; Absent: Galvan <br /> <br />Resolution No. 2000-85, Resolution Appointing Special Tax Consultant, <br />Attorneys, Financial Advisor, and Underwriter for the Cherrywood Community <br />Facilities District (CFD), No.1 (provides for necessary technical assistance for <br />the formation of a Community Facilities District). (2887) <br /> <br />M1S/C Loeffler and Glaze. Ayes: 6; Noes: 0; Absent: Galvan <br /> <br />Resolution No. 2000-86, Resolution Adopting Goals and Policies for <br />Cherrywood Community Facilities District (CFD) No. 1 (provides a set of <br />goals and policies for formation and governing of a Community Facilities <br />District). (2887) <br /> <br />M1S/C Loeffler and Glaze. Ayes: 6; Noes: 0; Absent: Galvan <br />