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

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7.A. - Page 23 of 176 Section 11. Acceptance of Reserve Funds. The City previously formed the Seaport Centre Maintenance District pursuant to Ordinance No. 1895 (codified in Article XIII of Chapter 18 of the Redwood City Code), Chapter 26 of the Improvement Act of 1911, Resolution No. 9815 adopted by the City Council on March 4, 1985 and Resolution No. 9859 adopted by the City Council on April 22, 1985. The Seaport Centre Maintenance District currently funds certain of the Services related to Seaport Centre and has funded certain maintenance reserves (the "Maintenance District Reserves") held by the City. Consistent with the request of the owners of the parcels constituting Seaport Centre, the City Council intends to provide for termination of the Seaport Centre Maintenance District in connection with formation of the CFD and, after dissolution of the Seaport Centre Maintenance District, to deposit the remaining funds in the Maintenance District Reserves into one or more maintenance reserve funds to be established and held by the City as a result of forming the CFD. Section 12. Public Hearing. Section 32.987 of the CFD Law authorizes any procedure not expressly set forth in the CFD Law but deemed necessary or convenient by the City Council to carry out any of the purposes of the CFD Law. The property owners in the CFD have petitioned the City Council to hold the public hearing required by the CFD Law as soon as possible after the adoption of this Resolution. The City Council hereby determines that it is necessary and convenient for Monday, November 23, 2020, at 7:00 p.m. or as soon as possible thereafter, to be appointed and fixed as the time and place when this Council, as legislative body for the CFD, will conduct a public hearing on the establishment of the CFD and consider and finally determine whether the public interest, convenience and necessity require the formation of the CFD and the levy of the Special Tax. In accordance with Governor Newsom's Executive Order No. N-29-20, the City Clerk is hereby directed to notify interested parties that they may participate in the public hearing by teleconference. Section 13. Notice of Hearing. The Clerk is hereby directed to cause notice of the public hearing to be given by publication one time in a newspaper published in the area of the CFD. The publication shall be completed at least seven days before the date of the public hearing specified above. The notice shall be substantially in the form specified in Section 53322 of the Act, with the form summarizing the provisions hereof hereby specifically approved. Section 14. California Environmental Quality Act. The City Council hereby adopts and incorporates by reference as though fully set forth herein its findings related to the Facilities in Resolution No. —adopted on October 26, 2020, for purposes of complying with the California Environmental Quality Act (California Public Resources Code, Section 21000 et seq.). Section 15. No Obligation. This Resolution shall in no way obligate the City Council to form the CFD. The formation of the CFD shall be subject to the approval of this City Council by resolution following the holding of the public hearing referred to above. ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH REV: 10-21-2020 MI Page 5 of 26 205