REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Ursula Luna-Reynosa, Director of Community Development
Subject:
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Adopt Resolution No. 2020-33 directing the execution of a Notice of Cessation of Special Tax - Improvement Area B of the City of Huntington Beach Community Facilities District (CFD) No. 2002-1 (McDonnell Centre Business Park)
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Statement of Issue:
The Boeing Realty Company ("Boeing") is in the process of marketing portions of their property for redevelopment. In order to provide clear marketable title to facilitate the sale of property available for sale, Boeing has requested that the City Council adopt Resolution No. 2020-33 authorizing the execution of a Notice of Cessation of Special Tax pertaining to "Improvement Area B" of the City of Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park). This action is necessary for Boeing to market portions of Improvement Area B and facilitate the subsequent sale of such property.
Financial Impact:
There are no fiscal impacts associated with the removal of the tax lien. No bonds or other obligations were issued or incurred with respect to Improvement Area B of the Community Facilities District No. 2002-1, and no special taxes were levied on it.
Recommended Action:
recommendation
A) Adopt Resolution No. 2020-33, "A Resolution of the City Council of the City of Huntington Beach, Directing the Execution of a Notice of Cessation of Special Tax - Improvement Area B (APNs 195-111-03,64) of the City of Huntington Beach Community Facilities District No. 2002-1 (McDonnell Centre Business Park)," and approving other related documents and actions; and,
B) Authorize the City Manager and City Clerk to execute Notice of Cessation and other related documents and actions.
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Alternative Action(s):
Do not adopt Resolution No. 2020-33, and direct staff accordingly.
Analysis:
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