AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

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7.A. - Page 20 of 176 of the CFD in the office of the San Mateo County Recorder within 15 days of the date of adoption of this Resolution, but in any event at least 15 days prior to the public hearing specified below. Section 4. Facilities and Services. The type of public facilities proposed to be financed by the CFD and pursuant to the CFD Law shall consist of those listed as facilities on Exhibit A hereto and hereby incorporated herein (the "Facilities'). This Council hereby determines that the Facilities are necessary to meet the requirements imposed by the Federal Emergency Management Agency ("FEMA") in its current flood insurance rate maps for the area within the CFD, and increased demands placed upon the City as the result of anticipated future development or redevelopment within the CFD. The Facilities will benefit the properties in the CFD. This Council hereby finds and determines that the public interest will not be served by allowing the property owners in the CFD to enter into a contract in accordance with Section 53329.5(a) of the Act. Notwithstanding the foregoing, this Council, on behalf of CFD, may enter into one or more contracts directly with any of the property owners with respect to the construction and/or acquisition of the any portion of the Facilities. The type of services proposed to be financed by the CFD and pursuant to the CFD Law shall consist of those listed on Exhibit A hereto and hereby incorporated herein (the "Services'). This Council hereby determines that the Services are necessary to meet increased demands placed upon the City as the result of construction of the Facilities and of anticipated future development or redevelopment within the CFD. The Facilities will benefit the properties in the CFD. Section 5. Special Tax. Except to the extent that funds are otherwise available to the CFD to pay for the Facilities, the Services and/or the principal and interest as it becomes due on bonds and other debt (as defined in the Act) issued by the City for the CFD to acquire the Facilities and pay for the Services, a special tax (the "Special Tax") sufficient to pay the costs thereof, secured by recordation of a continuing lien against all non-exempt real property in the CFD, will be levied annually within the CFD, and collected in the same manner as ordinary ad valorem property taxes, or in such other manner as the City or its designee shall determine, including direct billing of the affected property owners. The proposed rate and method of apportionment of the Special Tax (the "Rate and Method") among the parcels of real property within the CFD in sufficient detail to allow each landowner within the proposed CFD to estimate the maximum amount such owner will have to pay are described in Exhibit B attached hereto and hereby incorporated herein. The Council hereby finds that the provisions of Section 53313.6, 53313.7 and 53313.9 of the Act (relating to adjustments to ad valorem property taxes and schools financed by a community facilities district) are inapplicable to the proposed CFD. Section 6. Exempt Property. Except as may otherwise be provided by law or by the Rate and Method, all lands owned by any public entity, including the United States, the State of California and/or the City, or any departments or political subdivisions thereof, ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH REV: 10-21-2020 MI Page 2 of 26 202