Legislation Details

File #: 14-6315    Version: 1 Name:
Type: Ordinance Status: Public Hearing
File created: 11/4/2026 In control: City Council
On agenda: 11/10/2026 Final action:
Title: FORMATION OF THE CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT 2026-1 (MODELO)
Attachments: 1. 1. Staff Report, 2. 2. RESOLUTION OF FORMATION COMMERCE CFD 2026-1 (MODELO), 3. 3. RESOLUTION OF NECESSITY TO INCUR DEBT COMMERCE CFD 2026-1 (MODELO), 4. 4. RESOLUTION CERTIFYING ELECTION RESULTS COMMERCE CFD 2026-1 (MODELO), 5. 5. LANDOWNER WAIVER COMMERCE CFD 2026-1 (MODELO), 6. 6. ORDINANCE COMMERCE CFD 2026-1 (MODELO), 7. 7. Modelo CFD Report, 8. 8. ACQUISITION CONSTRUCTION AND FUNDING AGREEMENT COMMERCE CFD 2026-1 (MODELO) 4904-6828-4850

Title

FORMATION OF THE CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT 2026-1 (MODELO)

Recommendation

Staff recommends that the City Council:

1.                     Hold a public hearing regarding the proposed formation of the City of Commerce Community Facilities District 2026-1 (Modelo).

2.                     Make a determination that the formation of the CFD is not a “project” under the California Environmental Quality Act.

3.                     Adopt the following resolutions:

•                     A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ESTABLISHING CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT NO. 2026-1 (MODELO), AUTHORIZING THE LEVY OF A SPECIAL TAX THEREIN, CALLING AN ELECTION AND APPROVING AND AUTHORIZING CERTAIN ACTIONS RELATED THERETO (“RESOLUTION OF FORMATION”)

•                     A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT NO. 2026-1 (MODELO) DETERMINING THE NECESSITY TO INCUR BONDED INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED $60,000,000 WITHIN CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT NO. 2026-1 (MODELO) AND CALLING AN ELECTION THEREIN (“RESOLUTION OF NECESSITY TO INCUR DEBT”)

•                     A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT NO. 2026-1 (MODELO) CERTIFYING ELECTION RESULTS (“RESOLUTION CERTIFYING ELECTION RESULTS”)

4.                     Introduce the following Ordinance (1st reading):

•                     AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF CITY OF COMMERCE COMMUNITY FACILITIES DISTRICT NO. 2026-1 (MODELO) AUTHORIZING THE LEVY OF SPECIAL TAXES (“ORDINANCE AUTHORIZING THE LEVY OF SPECIAL TAXES”)