Laserfiche WebLink
<br />o.l~ <br />Page 5 <br />The bonds sold by the District will be limited obligations of the City secured solely by the <br />special tax lien against the property comprising the One Marina Project. There will be <br />no City guarantee or responsibility to pay any of the CFD debt service. <br /> <br />In addition, the CFD will be structured to fund all of the annual City costs of <br />administering the District. Such annual fees will include bond trustee fees, audit <br />expenses, reimbursement for staff time and overhead, and administrative costs <br />associated with classifying properties within the District, calculating the annual special <br />tax levies for taxable parcels within the District, and preparing and transmitting to the <br />County a list of special tax levies to be placed on the secured tax roll. These annual <br />costs will be recovered from the property owner or owners from the proceeds of special <br />taxes collected by the County. <br /> <br /> <br />~(?~ <br />Brian J. ponty <br />Director of Finance <br /> <br />Peter Ingram ~ /' <br />City Manager <br /> <br />ATTACHMENTS <br />1. Resolution to appoint consultants, authorizing the finance director to accept <br />deposits, and approve the deposit/reimbursement agreement with the Developer <br />2. Resolution to establish City of Redwood City Community Facilities District 2010-1 <br />and authorize the levy of special taxes <br />3. Resolution to incure bonded indebtedness within the City of Redwood City <br />Community Facilities District 2010-1 <br />4. Landowner Petition and Waiver <br />5. List of Authorized Facilities <br />6. Responsibilities of the Members of the Financing Team <br />7. Summary of Documents for Council Consideration <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />1. Financing team agreement proposals <br />