For City Council Meeting on March 25, 2025
TO: Honorable Mayor and City Council
FROM: Tanya Williams, City Manager
AUTHOR: Colby Cataldi, Director of Community Development
Title
Request City Council to Adopt Proposed Resolution No. 8331 to approve the Joint Community Facilities Agreement in connection with Community Facilities District No. 2024-1 of the Colton Joint Unified School District.
Body
RECOMMENDATION
Staff recommends that the City Council adopt a Resolution approve the Joint Community Facilities Agreement in connection with Community Facilities District No. 2024-1 of the Colton Joint Unified School District.
BACKGROUND
Community Facilities Districts (CFDs) are established pursuant to the provisions of the California Government Code Section 53311 et seq. (commonly known as the "Mello-Roos Community Facilities Act of 1982") (Act) and are a form of financing that can be used by cities, counties, school districts, and special districts. CFDs raise money through special taxes that must be approved by 2/3 of the voters within a CFD. The City Council is the legislative body of any CFD the City forms. Most often, CFDs are formed by the landowner prior to subdivision. A CFD can be formed to finance a wide list of improvements, which include roads, water facilities, sewers and schools. The taxes are secured by a continuing lien and are levied against property within the CFD on an annual basis. The revenue stream is used to pay debt service on bonds.
It should be noted, in the case of CFD No. 2024-1 of the Colton Joint Unified School District, the CFD was formed by and administered by Colton Joint Unified School District.
ANALYSIS/DISCUSSION
On September 19, 2024, the Board of Education of the Colton Joint Unified School District (the "School District") formed and established Community Facilities District No. 2024-1 of the Colton Joint Unified School District (the "CFD") over certain property within the School District (the "Property") owned by Avila Col...
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