DATE: November 18, 2026
TO: Honorable Mayor and City Councilmembers
FROM: Financial Services Department
TITLE: ADOPTION OF RESOLUTION ACCEPTING A UNANIMOUS CONSENT AND APPROVAL OF THE PROPERTY OWNER OF THE VISTA WAY SENIOR HOUSING DEVELOPMENT TO ANNEX PROPERTY TO CITY OF OCEANSIDE COMMUNITY FACILITIES DISTRICT NO. 2022-1 (PUBLIC SAFETY SERVICES)
RECOMMENDATION
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Staff recommends that the City Council adopt the resolution accepting a Unanimous Consent and Approval (the “Unanimous Consent and Approval”) to annex the Vista Way Senior Housing Development property to City of Oceanside Community Facilities District No. 2022-1 (Public Safety Services) (the “CFD”).
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BACKGROUND AND ANALYSIS
On February 6, 2019, the City Council updated Policy 300-02 to allow the formation of Public Safety Services Community Facilities Districts (CFDs). These districts provide a financing mechanism to fund ongoing public safety services, including police, fire protection, emergency medical response, and lifeguard services associated with new development.
On March 2, 2022, the City Council directed staff to pursue the establishment of a citywide annexable public safety services CFD. On December 7, 2022, the City Council approved the formation of the CFD pursuant to the Mello-Roos Community Facilities Act of 1982. At the time of formation, the Alta Oceanside Project was included in the CFD, while the remainder of the City was designated as a “Future Annexation Area.” This structure allows qualifying new residential development projects to annex into the CFD as development occurs, providing a dedicated revenue source to offset increased public safety service demands associated with population growth.
The following types of projects qualify for annexation into the Public Safety Community Facilities District if they consist of 16 units or more:
1. Projects which are subject to General Plan Amendment for residential uses.
2. Mixed-use projects proposed on a commercially-zoned land, including mixed use projects in the Downtown District.
3. Residential projects exceeding base density allowances.
4. Assisted Living or Skilled Nursing facilities of any size.
The citywide public safety services CFD is intended to encompass in-fill residential development projects throughout the City. Projects meeting specific parameters are required to annex into the CFD as a condition of approval. The CFD consists of two zones, Zone A and Zone B, and the maximum special tax within the CFD may increase annually based on the percentage change in the Consumer Price Index for the San Diego region, with a minimum increase of two percent (2%) and a maximum increase of four percent (4%).
This agenda item involves a request for City Council approval to annex the Vista Way Senior Housing project into Zone B of the CFD. The project site is owned by Vista Way Development, LLC (the “Owner”) and is located at 3710 Vista Way (APN 165-493-47-00). The proposed Senior Housing development includes 18 age restricted dwelling units on a 1.97-acre site.
Consistent with City requirements for qualifying development projects, the Owner has submitted a Unanimous Consent and Approval requesting annexation of the property into the CFD. If approved, the Senior Housing project will be annexed into Zone B of the CFD.
The special tax within Zone B is currently $392.43 annually per residential unit and will be placed on the County property tax bill. Beginning July 1, 2027, the maximum special tax may increase annually based on the change in the Consumer Price Index for the San Diego region, with a minimum annual increase of two percent (2%) and a maximum annual increase of four percent (4%).
FISCAL IMPACT
In order to draft the necessary resolutions and ordinances there will be a cost of approximately $5,000 payable to the City’s Bond Counsel and Special Tax Consultant. The City collected a deposit from the developer of $5,000, which will be used to cover consultant fees.
This development includes 18 residential units. Estimated annual revenue generated, once final occupancy is approved, is approximately $7,000 per year. Annual special tax increases annually based on the change in the Consumer Price Index for the San Diego region, with a minimum annual increase of two percent (2%) and a maximum annual increase of four percent (4%).
|
Item |
Estimated Cost |
Funding Source |
Account |
Available Balance |
|
Special tax consultant |
$5,000 |
Developer Deposit |
905.2090.0086 |
$5,000 |
COMMISSION OR COMMITTEE REPORT
Not applicable.
CITY ATTORNEY’S ANALYSIS
The referenced documents have been reviewed by the City Attorney and Bond Counsel and approved as to form.
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Prepared by: Silvia Twardy, Senior Accountant
Reviewed by: Jill Moya, Financial Services Director
Submitted by: Jonathan Borrego, City Manager
ATTACHMENT:
1. Resolution