Community Facilities Districts
Community Facilities Districts (CFDs), formed in accordance with the Mello-Roos Community Facilities Act of 1982, are defined areas within the City in which property owners have voted to impose special taxes to finance public improvements.
1994-1 (Marketplace Public Pedestrian Traffic Circulation and Parking Facilities)
The public improvements include the acquisition of land and the construction of a public parking structure, public walkways, and public plazas, including fixtures and construction of sidewalks, curbs, gutters, lighting, street widening, and traffic signals.
The district issued bonds in 1995 and most recently re-financed the bonds in 2012. The final maturity of the debt is 2031.
1997-1 (The Promenade Public Parking Facilities)
The public improvements include an asphalt paved, striped parking lot or lots with full parking lot improvements, including street improvements for access, curbs and gutters, site lighting improvements, retaining walls, landscaping and irrigation improvements, security fences, grading, and drainage improvements.
The district issued bonds in 1998. The final maturity of the debt is 2028.
California Debt and Investment Advisory Commission Yearly Fiscal Status Reports
State law requires local agencies which issue Mello-Roos Community Facilities District bonds, including refunding bonds, after January 1, 1993 to annually report on the fiscal status of the bonds to the California Debt and Investment Advisory Commission (CDIAC) by October 30th of each year.
1994-1 (Marketplace Public Pedestrian Traffic Circulation and Parking Facilities)
1997-1 (The Promenade Public Parking Facilities)
Previous Fiscal Status Reports are available in the City's Imaging System for historical purposes.
State Controller's Parcel Tax Report
The addition of California Government Code section 12463.2 requires local government agencies report information relating to each locally assessed parcel tax.
1994-1 (Marketplace Public Pedestrian Traffic Circulation and Parking Facilities)
1997-1 (The Promenade Public Parking Facilities)
Previous Parcel Tax Reports are available on the City's Imaging System for historical purposes.
Annual Report of Taxes and Expenditures
A person residing in or owning property in a community facilities district may request an annual report detailing the amount of special taxes and other monies collected and expended for the year. If this report is requested by a resident or property owner, the report will be posted on the City’s website.