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RESCIND RESOLUTION OF INTENTION FOR FORMATION OF THE MIRACLE MILE COMMUNITY IMPROVEMENT DISTRICT
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RECOMMENDATION
It is recommended that the City Council adopt a Resolution to:
1. Rescind the Resolution of Intention for formation of the Miracle Mile Community Improvement District adopted by the City Council on May 24, 2022; and
2. Authorize the City Manager, or designee, to take necessary and appropriate actions to carry out the purpose and intent of the resolution.
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Summary
On May 24, 2022, a Resolution of Intention was adopted by the City Council for the formation of the Miracle Mile Community Improvement District (MMCID) and to set a date for a public hearing, among other actions. It is now requested that the Resolution of Intention be rescinded, and the ballots not be tabulated.
DISCUSSION
Background
On May 24, 2022, the City Council adopted Resolution No. 2022-05-24-1503 (attached as Exhibit 1 to the Resolution), stating their intention to form the MMCID. This Resolution included the following:
• accepting petition of property owners,
• preliminarily approving the Management District Plan and Engineer’s Report,
• approving a proposed boundary map,
• setting a date for a public hearing of protests on July 26, 2022,
• providing for property owner ballots, and
• authorizing the City Manager to sign the ballot for all City-owned property which is proposed to be assessed in favor of the formation of the MMCID.
Present Situation
Staff requests that the Resolution of Intention adopted by the City Council be rescinded and the votes not be tabulated. A new Resolution of Intention will be presented to Council for consideration due to a mailing error necessitating the reissuance of the notice and balloting process. The MMCID proponents will not be required to re-petition property owners within the proposed Community Improvement District boundary to initiate the district formation process, as the 30% threshold has been met to support the formation of the district and no changes have been made to the MMCID Management District Plan or Engineer’s Report since petitions were first circulated.
FINANCIAL SUMMARY
There is no negative financial impact to the City associated with this action.