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ORDINANCE ADOPTION - Advancing the Formation of the San Luis Ranch Community Facilities District

Post Date:04/11/2019
ORDINANCE NO. 1661 (2019 Series)

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, ADVANCING THE FORMATION OF THE SAN LUIS RANCH COMMUNITY FACILITIES DISTRICT BY LEVYING SPECIAL TAXES WITHIN THE CITY OF SAN LUIS OBISPO COMMUNITY FACILITIES DISTRICT NO. 2019-1 (SAN LUIS RANCH)  AS REPRESENTED IN THE STAFF REPORT AND ATTACHMENTS DATED APRIL 2, 2019 

NOTICE IS HEREBY GIVEN that the City Council of the City of San Luis Obispo, California, at its Regular Meeting of April 2, 2019, introduced the above titled ordinance upon a motion by Council Member Gomez, second by Council Member Christianson, and on the following roll call vote:

AYES: Council Members Aaron Gomez, Carlyn Christianson, Erica Stewart,
Vice Mayor Andy Pease, and Mayor Heidi Harmon
NOES: None

Ordinance No. 1661 (2019 Series) - The approved San Luis Ranch Specific Plan allows for a variety of residential and non-residential development on 131 acres located generally between Madonna Road and U.S. Highway 101, south of Dalidio Drive, and is identified by assessor’s parcel number (APN) 067-121-022. The Specific Plan was approved on July 18, 2017. The Development Agreement and an amended Specific Plan that provides the basis for the formation of the Community Facilities District (CFD), was approved by the City Council on July 17, 2018. 

The owners and developers of the San Luis Ranch property have requested, and the City has agreed, to consider formation of a CFD, as reflected in the San Luis Ranch entitlement documents.  On February 19, 2019, the City Council adopted a Resolution of Intention, which is the first step in the process to form a CFD. On April 2, the City Council voted unanimously to introduce an ordinance advancing the formation of the CFD. The ordinance authorizes the levy of a special tax on real property located within the designated boundary of the CFD for a range of purposes including funding reimbursement of investments made by the developer for regional transportation infrastructure and utility improvements. It is common for the special taxes to be used to service municipal bonds issued to fund new development-related infrastructure.

NOTICE IS HEREBY FURTHER GIVEN that the City Council of the City of San Luis Obispo will consider adopting the aforementioned Ordinance at its Regular Meeting of April 16, 2019 at 6:00 p.m., which will be held in the Council Chamber, located at 990 Palm Street, San Luis Obispo, California.

Copies of the complete ordinance are available in the City Clerk's Office in City Hall and online at www.slocity.org. For more information, contact Michael Codron, 781-7187.

Teresa Purrington
City Clerk
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