HomeMy WebLinkAbout8, Public Hearing JPA with CSCDA and SCIP program
PUBLIC HEARING ITEM #8 Join the SCIP Programthe District to Enter into a JPA with CSCDA and 12 for -11 and 2019-of District Resolution 2019Hold a Public Hearing Related to the Adoption
Join the SCIP Programthe District to Enter into a JPA with CSCDA and 12 for -11 and 2019-of District Resolution 2019Hold a Public Hearing Related to the Adoption June 5, 2019
Public Hearing in Consideration for the District to Enter Programconsideration for the JPA with CSCDA and to join the SCIP Financing May 1, 2019, a Public Hearing was scheduled in regards
to •amendedSeptember 5, 2018 District Code Title 3, Finance and Accounting was •changes to the District’s Debt Issuance and Management PolicyAugust 2, 2018 Staff conducted a follow
up workshop recommending •Assessment District financingfinancing and Special Roos-workshop to the Board on MelloJune 6, 2018 Staff along with subject matter experts presented a •BACKGROUND
/ HISTORY a JPA with CSCDA and Join the SCIP Financing Programnto IPublic Hearing in Consideration for the District to Enter a JPA with CSCDA and Join the SCIP Financing Programnto
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Public Hearing in Consideration for the District to Enter Members include 391 cities, 56 counties and 74 special districts •California State Association of Counties.Joint Powers Authority
sponsored by the League of California Cities and •projectsbased public benefit -effective tool for the timely financing of communityEstablished in 1988 to provide California’s local
governments with an •California Statewide Communities Development Authority (CSCDA)•BACKGROUND / HISTORY a JPA with CSCDA and Join the SCIP Financing Programnto IPublic Hearing in Consideration
for the District to Enter a JPA with CSCDA and Join the SCIP Financing Programnto I
Public Hearing in Consideration for the District to Enter improvementsrepay the portion of the bonds issued for the fees and capital CSCDA will then impose a special assessment on the
owner’s property to •exempt bonds issued by CSCDA-Finance is through tax•and capital improvementsparticipating cities, counties, and districts to finance development fees The SCIP program
was established in 2003 and allows for properties in •Statewide Community Infrastructure Program (SCIP)•BACKGROUND / HISTORY a JPA with CSCDA and Join the SCIP Financing Programnto
IPublic Hearing in Consideration for the District to Enter a JPA with CSCDA and Join the SCIP Financing Programnto I
NEW INFORMATION infrastructure among projectsThe availability of financing can encourage less phasing in of •rising public capital improvement costs and fees on property ownersexempt
financing helps participating entities cushion the impact of -Tax•bond issuance, and bond administration functionsCSCDA handles all special assessment District formation, administration,
•Decreases the administrative burden on local agency staff time•Highly versatile•Advantages of SCIP Financing Program•a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing
in Consideration for the District to Enter Into a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing in Consideration for the District to Enter Into
FISCAL IMPACT onsiderationcbrought to the Board for All applications submitted to the District for SCIP financing will be •the Agreementthe District other than to adopt the proposed
Resolutions and execute There are no dues or other membership requirements on the part of •a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing in Consideration for the
District to Enter Into a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing in Consideration for the District to Enter Into
RECOMMENDATION Development Authority; andagreement relating to the California Statewide Communities execution of an amended and restated joint exercise of powers 11, approving, authorizing,
and directing -Adopt Resolution 20192.CSCDA member and SCIP program participantConduct a Public Hearing to receive comments on becoming a 1.a JPA with CSCDA and Join the SCIP Financing
ProgramPublic Hearing in Consideration for the District to Enter Into a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing in Consideration for the District to Enter Into
RECOMMENDATION Authorizing Related ActionsApplicable; and Form of Acquisition Agreement for use whenTerritory of the Truckee Donner Public Utility District; ApprovingAssessment Proceedings
and Levy Assessments within theAccept Applications from Property Owners, Conduct Specialthe California Statewide Communities Development Authority toJoin the Statewide Community Infrastructure
Program; Authorizingthe Truckee Donner Public Utility District Authorizing the District to12, Resolution of the Board of Directors of -Adopt Resolution 20193.a JPA with CSCDA and
Join the SCIP Financing ProgramPublic Hearing in Consideration for the District to Enter Into a JPA with CSCDA and Join the SCIP Financing ProgramPublic Hearing in Consideration for
the District to Enter Into