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Consent to the disbursement of $200,000 from the Green Valley Open Space Maintenance District Fund to the Solano Land Trust to fund a portion of the acquisition of the Souza-Azevedo Ranch
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Department of Resource Management recommends that the Board consent to the disbursement of $200,000 from the Green Valley Open Space Maintenance District Fund (GVOSMD) to the Solano Land Trust (SLT) to fund a portion of the acquisition of the Souza-Azevedo Ranch.
FINANCIAL IMPACT:
The costs associated with preparing the agenda item are nominal and absorbed by the department's FY2019/20 Adopted Budget.
SUMMARY/DISCUSSION:
The SLT is requesting the County's consent to use $200,000 from the GVOSMD to fund a portion of the purchase of the Souza-Azevedo Ranch (APN 180-050-03) consistent with the 1990 Open Space Agreement (attached).
In October 1990, the Board created the GVOSMD following a majority vote of property owners in favor of the formation. At the same time, the Board entered into an agreement with the City of Fairfield and the Solano Land Trust which provides that:
1. The Board will levy an annual assessment in the District in an amount which increases by $2.50 each year from the 1989-90 base year of $80. The FY 2019/20 assessment is $155.00 per parcel.
2. The City of Fairfield will levy a special tax annually on property in the North Cordelia Community Facilities District No. 2 in the same amount per parcel as the County district assessment.
3. The monies raised from both districts will be used by the SLT to acquire and maintain open space lands within a specific geographic boundary in the Green Valley area.
The conventional process for the SLT to access the funds as needed, is administrative in nature. It submits a letter requesting funds for a particular project. As long as the project location is within the a...
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