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City of San Leandro Meeting Date: September 12, 2022 Staff Report Agenda Section:File Number:22-271 CONSENT CALENDAR Agenda Number:10.k. TO:City Council FROM:Fran Robustelli City Manager BY:Tom Liao Community Development Director FINANCE REVIEW:Susan Hsieh Finance Director TITLE:Adopt Two Resolutions: 1. Declaring Intent to Form the City of San Leandro Community Facilities District (CFD) No. 2022-1 (Monarch Bay Shoreline Facilities & Services) (the “CFD”) and 2. Authorize Future Bonded Indebtedness for the Proposed CFD No. 2022-1 COUNCIL PRIORITY ·Infrastructure ·Sustainability & Resiliency ·Fiscal Sustainability and Transparency SUMMARY To meet the City’s policy goal of fiscal neutrality for the Monarch Bay Shoreline Development public-private partnership project, a Community Facilities District (CFD) is proposed under the Mello-Roos Communities Facilities Act of 1982 (Mello-Roos Act). Special taxes levied within the CFD will provide a funding source for public services and public infrastructure (facilities) in the Shoreline area, payable solely by property owners or lessees of City -owned property located within the boundary of the CFD / new development. Exhibits B and C to Attachment A provide an overview of potential services and facilities. The first steps in the process of forming the CFD are two Resolutions of Intention (Attachments A and B), which provide notice of intention to form the CFD, but do not commit the City Council to establish the CFD nor authorize the levy of special taxes or the issuance of bonds. The formation of the CFD will occur after a public hearing, scheduled for September 6, 2022. At that hearing, the Council will be presented with additional information regarding the CFD, the special taxes, and public facilities and services. RECOMMENDATIONS Page 1 City of San Leandro Printed on 7/13/2022