NOTICE OF PUBLIC HEARING
REGARDING ALTERATIONS TO GOLDEN STATE FINANCE AUTHORITY (FORMERLY CALIFORNIA HOME FINANCE AUTHORITY) COMMUNITY FACILITIES DISTRICT NO. 2014-1 (CLEAN ENERGY)
WEDNESDAY, APRIL 26, 2023, 9:00 a.m.
1215 K Street, Suite 1650
Sacramento, CA 95814
NOTICE IS HEREBY GIVEN that on March 8, 2023, the Board of Directors of the Golden State Finance Authority (“GSFA”) adopted Resolution No. 23-05, (the “Resolution”) scheduling a public hearing to consider altering its Community Facilities District No. 2014-1 (Clean Energy) (the “District”) to revise the proposed financing arrangements, authorize the financing of seismic safety improvements and wildfire safety improvements, and make various administrative changes, and all other matters set forth in that resolution.
The District was established in 2014 in accordance with section 53328.1 of the Mello-Roos Community Facilities Act of 1982 (Government Code section 53311 et seq.), as amended (the “Act”). The purpose of the District is to levy a special tax to finance the acquisition, installation, and improvement of certain improvements permanently affixed to or on real property and in buildings, with the unanimous approval of the property owner or owners. The territory of the District, to wit, the territory proposed for annexation to the District in accordance with Section 53328.1, includes (1) any unincorporated land within those counties that are now or in the future either full members or associate members of GSFA and consent to the annexation of properties within their jurisdiction to the District and (2) any incorporated land within those cities that are now or in the future either full members or associate members of GSFA and consent to the annexation of properties within their jurisdictions to the District.
By adopting the Resolution, the Board of Directors has determined that the public convenience and necessity require alterations to the District, including revisions to the arrangements for financing the District to allow for the participation of multiple program administrators using a streamlined financing process; addition of seismic safety improvements and wildfire safety improvements to the types of authorized public facilities or services which may be financed by the District; and various administrative changes and updates.
A public hearing to consider these proposed changes will be held by the Board at 9:00 a.m. on Wednesday, April 26, 2023, in the regular meeting place of the Board of GSFA, 1215 K Street, Suite 1650, Sacramento, California 95814, or as soon thereafter as the Board may reach the matter. In addition, it is expected that the public hearing will be continued to 8:30 a.m. on Friday, May 12, 2023, at 999 Yosemite Drive, Chico, California 95928. Members of the public can watch, listen or participate remotely using the methods prescribed in an agenda to be made available in advance of each public hearing described immediately above at https://www.gsfahome.org/about/public-records.shtml.
This Notice briefly summarizes the Resolution. You should read the Resolution itself for the definitive description of the District’s financing program, including a description of the costs and the improvements that are authorized for this method of financing. The Resolution can be found at https://legistarweb-production.s3.amazonaws.com/uploads/attachment/pdf/1822117/SB_555_PACE_Program_Revisions_ATTACH_1.pdf. A copy of Resolution No. 23-05 also may be reviewed or obtained at the office of the Secretary of GSFA, 1215 K Street, Suite 1650, Sacramento, California.
As provided in the Act, the Board must hold a public hearing before the Board may make these proposed alterations to the District. This is the notice of the public hearing.
At the public hearing, any persons interested, including all taxpayers, property owners, and registered voters, may appear and be heard, and the oral or written testimony of all interested persons or taxpayers for or against the proposed alterations or any other matters contained in the Resolution will be heard and considered. Any protests to the proposal may be made orally or in writing by any interested persons, except that any protests pertaining to the regularity or sufficiency of the proceedings must be in writing and must clearly set forth the irregularities and defects to which objection is made. The Board may waive any irregularities in the form or content of any written protest and, at the public hearing, may correct minor defects in the proceedings. All written protests not presented in person at the public hearing must be filed with the Secretary of the Board at or before the time fixed for the public hearing in order to be received and considered. Any written protest may be withdrawn in writing at any time before the conclusion of the public hearing.
After the conclusion of the public hearing, if written protests against one or more of the proposed changes have been filed and not withdrawn by 50% or more of the registered voters residing and registered within the territory of the District, or if written protests against one or more of the proposed changes have been filed and not withdrawn by the owners of one-half or more of the land area that is within the territory of the District and not exempt from the special tax, then such change or changes shall be eliminated from the resolution ordering changes and such change or changes shall not be included in a resolution for a period of one year from the date of the Board of Directors’ determination that a majority protest exists.
At the conclusion of the public hearing, the Board of Directors may abandon these proceedings or may, after passing upon all protests, determine to proceed with the changes set forth in this resolution. If the Board determines to proceed with the changes, then the election procedure shall be combined with any other elections required by law, and will consist of the execution of Unanimous Approval Agreements as provided in Sections 53328.1, 53329.6 and 53355.5 of the Government Code.
The GSFA Executive Director or such officer’s designee (the “Executive Director”) has studied the proposed changes and will provide, at or before the time of the public hearing, a report describing the following: A list of Authorized Improvements; a representative listing of incidental expenses; a recommended form of Unanimous Approval Agreement; recommendations for appropriate procedures and criteria for processing and evaluating applications for participation and annexation to the CFD from the owners of property within the territory of the CFD; recommended forms for properties to annex to the CFD; and an estimate of the related incidental expenses – all in accordance with the Resolution. The report will be available for inspection by the public and will become a part of the record of the public hearing. Questions should be directed to Craig Ferguson, Deputy Director, GSFA, whose telephone number is (916) 447-4806.
DATED: April 13, 2023
/s/ Craig Ferguson, Secretary
Golden State Finance Authority
04/13/2023 – CCPR # 2023-0252