Rialto council approves annexation, contracts and $10.5M CFD bond issuance
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Summary
On Feb. 10 the Rialto City Council adopted annexation resolutions for Landscape & Lighting District No. 2, approved multiple construction and public-safety contracts, and authorized issuance of approximately $10.5 million in community facilities district bonds tied to the Renaissance development.
The Rialto City Council approved a series of resolutions and contract awards at its Feb. 10 meeting, including an annexation into Landscape & Lighting District No. 2, multiple public-works contracts, and authorization to issue Community Facilities District bonds.
Annexation and assessments: Council adopted Resolution No. 8,464, declaring the results of a property owner protest ballot and Resolution No. 8,465, confirming the engineer’s report and ordering the levy of annual assessments to annex a 3.96-acre commercial parcel into Rialto Landscape & Lighting District No. 2 (P.P.D. 2023-325). Staff reported one signed supportive ballot (APN 0258121090000); the council adopted the resolutions after closing the public hearing.
Public-works and safety contracts: The council approved multiple construction and repair contracts following staff presentations and competitive bidding: replacement of bay doors at Fire Stations 203 and 204 ($495,000); reconstruction of Soarscribe Drive (award to Vance Corporation, $1,422,870, plus a task order to Onward Engineering for $93,482.46); and safety and ADA improvements around Frisbee Middle School (CTNT Concrete Paving low bid $650,256, plus inspection services $79,888). Council discussion noted bid counts and the urgent safety need for the bay doors.
Finance and bonds: The council authorized the issuance of Community Facilities District (CFD) 2024-1 Renaissance special tax bonds with an estimated par value of approximately $10,500,000 to finance public improvements within the CFD boundary tied to the Lennar Renaissance project. Council approved accompanying documents including the fiscal agent agreement, bond purchase agreement and preliminary official statement.
Other approvals: Council approved increasing a Robert Half purchase order for temporary staffing to a total of $150,000 (amended from a staff-reported $190,000 clerical discrepancy) as part of the consent items; and awarded a general liability claims administration contract not to exceed $253,503.25.
Motions and voting: Most actions were approved by voice vote with no recorded roll-call tallies in the public record other than unanimous "aye" responses as stated during the meeting; several council members recused themselves where noted on the record.
Next steps: Staff will proceed with contract award execution and administrative steps for bond issuance; the CFD bonds and construction projects will proceed in accordance with their respective agreements and procurement processes.
