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File #: 15-0771    Version: 1 Name: FIN-CFD 2015-2-3-3-15
Type: PRESENTATIONS Status: Agenda Ready
File created: 2/24/2015 In control: City Council
On agenda: 3/3/2015 Final action: 3/3/2015
Title: Resolution of the City Council of the City of Riverside declaring necessity for proposed Community Facilities District No. 2015-2 (Arroyo Park) of the City of Riverside to incur not-to-exceed $6 million of bonded indebtedness - Resolution of the City Council of the City of Riverside declaring its intention to establish proposed Community Facilities District No. 2015-2 (Arroyo Park) of the City of Riverside and approving a Funding and Acquisition Agreement with FRA-RSI Arroyo Park, LLC, for levy of special taxes and issuance of bonds to finance acquisition of approximately 21.34 gross acres of public land including Tract No. 28987 commonly known as “Arroyo Park” from Friends of the Riverside Airport, L.L.C., and improvements, and design, planning, engineering, financing, installation, and construction of certain public facilities and incidental expenses - Waive further readings - Schedule public hearing for 3 p.m. on April 7, 2015 (Ward 7)
Attachments: 1. Report, 2. R - Declaring Necessity for CFD, 3. R - Intention to Establish CFD, 4. Agreement, 5. Boundary Map