The Folsom City Council held a regular meeting on September 24, 2024, simultaneously convening joint meetings of the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority. The council approved consent calendar items, conducted public hearings on alley parking restrictions and a subdivision map amendment for Folsom Heights, and authorized the issuance of up to $50 million in special tax revenue bonds for Community Facilities District No. 18. Citizens provided extensive public comment on Measure G, a proposed sales tax increase on the November ballot, and on transit service changes.
All above items were approved unanimously on a single motion without discussion.
Okay, we're gonna re we're gonna reconvene the special meeting of the city council for September 24th, 2024. Mr. City Attorney, is there anything to report out? Good evening, Mr. Mayor, no final action tonight. Okay, we're gonna bring to a close the special meeting then bring to order the regular meeting of the Folsom City Council for Tuesday, September 24th, 2024. Um Madam Clerk, will you please call the roll? Councilmember Zakino here Rodriguez Roarba Koslowski also here and Councilmember Chalum Chairla is absent. All right, and if everybody will please join me for the Pledge of Allegiance. And to the Republic for which it stands one nation under the indivisible research on Justice Raw. All right, excellent. We are gonna take the agenda slightly out of order in order to uh clear the deck of our uh joint city council Folsom Redevelopment Successor Agency. Um so I'm gonna call to order the joint city council fulsom to redevelopment successor agency, um, Folsom Public Finance Authority, Folsom Ranch Finance Authority, and the South of 50 parking authority meeting to order. Once again, will you please call roll? Councilmember Zakino here, Rodriguez here Rorba here, Kozlowski. Also here. And Challenge is still absent. Okay. We have a single consent item. I'll go ahead and move items 12 if nobody has any comments or questions. All second. Okay. Is there any request to speak on this item? You have no request to speak on this item. All right, we have a motion and a uh second. Please call the roll. All right, Councilmember Zakino. Yes. Rodriguez, yes. Yes, Koslowski. Yes. Please call the next item. Okay, your one and only public hearing on this joint meeting agenda is item number 13. This is the Folsom Ranch Financing Authority, City of Folsom C FD number 18, Folsom Plan Area, Area Wide Improvements and Services. This deals with special tax revenue bonds series 2024. Before each and it are two resolutions, resolution number one one two six six, a resolution of the city council, and resolution number 012, Folsom Ranch Financing Authority. Thank you. Good evening, Mayor, Vice Mayor, Council members. Stacy Tamani, Chief Financial Officer. Tonight I'm presenting the community facilities to District No. 18 Special Tax Revenue Bond Series 2024. For a little bit of background information, the City Council approved the formation of CFD 18 on December 8th of 2015. In November of 2018, change proceedings were completed to amend the rate and method of apportionment for CFD 18. This improvement area provides for the construction acquisition of certain backbone infrastructure public improvements. And these improvements include roadways, water, recycled water, storm drainage, sewer, and other general capital facilities serving the Folsom Plan area. Here you have an image of the area that is included in CFD 18. It's outlined in the yellow. This area is located within the southern portion of the city of Folsom and is bounded by U.S. Highway 50, White Rock Road, Prairie City Road, and the El Dorado County Line. Staff is proposing to issue the series 2024 special tax revenue bonds in an amount not to exceed 50 million dollars.