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Administrative Services Department Summary of Community Facilities Districts June 12, 2018.

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Presentation on theme: "Administrative Services Department Summary of Community Facilities Districts June 12, 2018."— Presentation transcript:

1 Administrative Services Department Summary of Community Facilities Districts
June 12, 2018

2 Background 1978: Prop 13 – limited the ability of local public agencies to increase property taxes based on a property’s assessed value. 1982: Mello-Roos Community Facilities Act – provided an alternative method of financing for needed improvements and services. 1992: ERAF Property Tax Shift – shifted partial responsibility of funding education from the state to local governments.

3 Current Community Facility Districts
Year of Formation Number of Parcels FY 17/18 Total Levy CFD 1 Gonsalves-Lockie 1987 2215 $349,660 CFD 8 North Village 2004 653 $306,261 CFD 9 Portofino 2005 178 $148,048 CFD 10 Cheyenne 2006 236 $481,836 CFD 11 Southtown 1067 $2,100,368 CFD 12 Infill 300 $347,592 Revenue used to offset the cost of providing services to new neighborhoods. Annual levy proceeds do not cover the full cost incurred by the City in providing services.

4 Service Costs Included in CFD Levy
District Services CFD 1 Gonsalves-Lockie Fire protection services CFD 8 North Village Police and Fire protection services CFD 9 Portofino CFD 10 Cheyenne CFD 11 Southtown Police and Fire protection services; New Fire Station to maintain Standards of Response coverage. CFD 12 Infill


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