TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE
SUBJECT
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Annexation of Territory into Existing Community Facilities District No. 2020-1 Improvement Area 4 for Municipal Services.
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RECOMMENDATION
Adopt Resolution No. 2026-031 declaring the City of Chino’s intention to annex Territory to Improvement Area 4 of Community Facilities District No. 2020-1 (Services).
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FISCAL IMPACT
Annexation of the property to Community Facilities District No. 2020-1 of the City of Chino will add an additional $19,915.00 of Special Taxes annually, to be levied within CFD No. 2020-1 to be used for certain municipal services described in Resolution No. 2020-053 adopted by the City Council on September 1, 2020, with respect to CFD No. 2020-1, the Resolution of Formation.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City’s values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
• Financial Stability
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BACKGROUND
The City formed CFD 2020-1 to provide a community facilities district with a future annexation area encompassing the entire City of Chino. The District was formed to finance eligible city services including public safety services; library and recreation program services; the operation and maintenance of future museums and cultural facilities; street and road maintenance; and the lighting of parks, parkways, streets, roads and open space and other authorized services.
ISSUES/ANALYSIS
The property owner petitioning the City Council to annex into CFD 2020-1 is BCT Corporate Center, LLC, a Delaware limited liability company. The owner is seeking to annex into CFD 2020-1 as a condition to the development of its project. The City requires that all new development projects annex into existing services of a CFD or otherwise fund the expected burden that the necessary municipal services for the project will place on the City.
Therefore, it is recommended that the City Council adopt Resolution No. 2026-031, declaring the City of Chino’s intention to annex Territory to Improvement Area 4 of Community Facilities District No. 2020-1 (Services).
Attachments:
Resolution No. 2026-031
Annexation Boundary Map