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File Number: 22-272 RECOMMENDATIONS Staff recommends that the Council hold a public hearing regarding the formation of the proposed CFD No. 2022-1, the levying of special taxes in the CFD, and the future issuance of bonds for the CFD and adopt the resolutions entitled: 1.Resolution of Formation Establishing the City of San Leandro Community Facilities District No . 2022-1 (Monarch Bay Shoreline Facilities and Services ), and Providing for the Levy of a Special Tax in the Community Facilities District to Finance the Acquisition and Construction of Public Facilities and the Provision of Public Services [Attachment A]; 2.Resolution Deeming it Necessary to Incur Bonded Indebtedness to Finance the Acquisition and Construction of Public Facilities for the City of San Leandro Community Facilities District No . 2022-1 (Monarch Bay Shoreline Facilities and Services ) [Attachment B]; and 3.Resolution Calling Special Mailed -Ballot Election within the City of San Leandro Community Facilities District No. 2022-1 (Monarch Bay Shoreline Facilities and Services) [Attachment C]. Staff also recommends that the City Council hold an election regarding the CFD, and adopt the resolution entitled: 4.Resolution Declaring Results of Special Mailed -Ballot Election within the City of San Leandro Community Facilities District No. 2022-1 (Monarch Bay Shoreline Facilities and Services) [Attachment D]; and Finally, staff recommends that the City Council hold the first reading of the ordinance entitled: 5.Ordinance Levying a Special Tax for Fiscal Year 2023-2024 and Following Fiscal Years Solely Within and Relating to the City of San Leandro Community Facilities District No . 2022-1 (Monarch Bay Shoreline Facilities & Services) [Attachment E]. Following the effective date of the Ordinance, the City will file a Notice of Special Tax Lien for the City of San Leandro Community Facilities District No. 2022-1 (Monarch Bay Shoreline Facilities and Services) with Alameda County [Attachment F] BACKGROUND: After more than a decade of community outreach and planning, on June 21, 2022, the City Council approved planning entitlements for the Monarch Bay Shoreline development, a public -private partnership between the City of San Leandro (City) and Cal Coast Companies LLC, Inc. (Developer) designed to fulfill the community ’s vision for a self-sustaining, high -quality, mixed-use development complemented by recreational amenities along the San Francisco Bay. The San Leandro Monarch Bay Shoreline Area is bounded by Marina Blvd to the north, the San Francisco Bay to the west, and Fairway Drive to the south. Additionally, on June 21, 2022, the City Council approved a Development Agreement for the project and a Second Amendment to the Disposition and Development Agreement and Purchase and Sale Agreement related to the sale and development of the land currently owned by the City in the project area. To meet the City’s policy goal of fiscal neutrality for the Shoreline project, the agreements between the City and the Developer for the project contemplated the formation of a community facilities district (CFD) under the Mello-Roos Communities Facilities Act of 1982 (Mello-Roos Act). Special taxes levied on taxable property within the CFD will provide a funding source for public infrastructure and public services needed for the project, payable solely by property owners or lessees of City -owned property located within the boundary of the CFD / new development, and not other residents of the Page 2 City of San Leandro Printed on 8/31/2022