...Title
Annexation Area No. 3 to Convention Center Facilities District No. 2008-1.
...Recommendations
(a) Accept the landowner approval forms to annex hotel property into Convention Center Facilities District No. 2008-1 as Annexation Area No. 3.
(b) Adopt a resolution:
(1) Approving the annexation of territory to Convention Center Facilities District No. 2008-1 and levying a special tax within Annexation Area No. 3; and
(2) Directing the City Clerk to record a notice of special tax lien.
(c) Adopt the following 2025-2026 Funding Sources Resolution and Appropriation Ordinance amendments in the Convention Center Facilities District Revenue Fund:
(1) Increase the revenue estimate for Convention Center Facilities District Special Tax by $4,866,140;
(2) Establish the Administration Services appropriation to the Public Works Department in the amount of $30,500; and
(3) Increase the Unrestricted Ending Fund Balance by $4,835,640.
CEQA: Not a Project, File No PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant impact on the environment. Council Districts 2, 4, 6. (Public Works/Finance/City Manager)