HomeMy WebLinkAbout17774 - RESOLUTIONS - 1/22/1992 I�•
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RESOLUTION NO. 17774
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING A
POLICY AND PROCEDURE FOR THE
ADMINISTRATION OF SPECIAL
ASSESSMENTS UNDER THE 1911, 1913 AND
1915 ACTS AND THE MELLO-RODS
COMMUNITY FACILITIES ACT OF 1982.
WHEREAS the City of Palm Springs has received petitions from private
developers and property owners who wish to form special assessment districts in
order to make public improvements on or fronting their properties; and
WHEREAS the private developers and property owners have requested financing
assistance from the City by means of the issuance of municipal improvennent
bonds in order to defer costs over a period of years at low interest; and
WHEREAS developer requested Special Districts must provide significant benefit
to the general public in order to qualify for City assistance in the municipal
improvement bond financing; and
WHEREAS all costs associated with the Special Districts will be borne solely by
the developers or property owners and all City related costs are paid for in the
form of cash deposits and/or incorporated in the bond sales; and
WHEREAS the Municipal Improvement Acts of 1911, 1913 and 1915 and the
Mello-Roos Community Facilities Act of 1982 are the appropriate California laws
under which the assessment districts should be formed; and
WHEREAS a Special Districts Committee of City Administrators and City
Consultants should be formed to review and approve all proposed Special
Districts; and
WHEREAS a Policy and Procedure should be adopted for the: administration of
Special Districts for the City of Palm Springs.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of:Palm -
Springs, as follows:
Section 1. That the City Council of the City of Palm Springs does hereby
adopt a policy and procedure for the administration of Special
Assessments under the Municipal Improvement Acts of 1911, 1913
and 1915 and the Mello-Roos Community Facilities Act of 1982.
Section 2. That a Special Districts Committee be established to review all
proposed developer related Special Districts and that professional
appraisals, Financial Advisors and other appropriate consultants be
utilized to determine financial soundness of the proposed districts.
That all costs associated with the review process for developer
type districts will be paid for in the form of up front cash deposits
RESOLUTION NO. 17774
Page 2
from the developer. That the Special Districts Committee be
comprised of the following:
City Staff City Consultants
Contracts Administrator Bond Counsel (City Attorney)
City Manager Assessment Engineer
Assistant City Manager Special Tax Consultant
Finance Director Financial Advisor
Director of Public Works Appraiser
Y City Engineer Bond Underwriter
Director of Planning Trustee/Paying Agent (Bank)
r Dir. of Economic Development
Special Projects Coordinator
City Attorney
ADOPTED this 22nd day of January, 1992
AYES: Councilmembers Murawski , Neel and Mayor Bono
NOES: Councilmembers Broich and Hodges
ABSENT: None
ATTEST:
CITY*ty
LIFORNIA
City Clerk
REVIEWED&APPROVED���
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