Camarillo City Council
AGENDA REPORT
Date: August 27, 2025
To: Honorable Mayor and City Councilmembers
From: Greg Ramirez, City Manager
Submitted by: Mark Uribe, Finance Director
Subject: Professional Services Amendment for CFD & Bond Administration Consulting Services with Special District Financing Administration (SDFA)
BACKGROUND
In 1990, the City formed the West Camarillo Community Facilities District No. 1 (the “District”) to provide sewer, drainage and bridge facilities to western Camarillo if and when such area developed. Special District Financing and Administration (SDFA) has provided consulting services for the District dating back to 1990, when the District was originally formed. The City entered into an Agreement with SDFA in July 2022 for a three-year term, with an option to renew with a one two-year extension. The existing agreement expired on June 30, 2025. SDFA will prepare financial analysis and submit on behalf of the City several required reports and continuing bond disclosures for outstanding debt issues for both the City and the Camarillo Sanitary District (CSD), in order to comply with the California Debt and Investment Advisory Commission’s (CDIAC) reporting requirements.
The City’s and CSD’s outstanding bonds are as follows: Library Lease Revenue Bonds, Series 2012, Wastewater Refunding Revenue Bonds, Series 2015, and the West CFD No. 1 Special Tax Refunding Bonds, Series 2017.
DISCUSSION
The City has utilized services provided by SDFA since the formation of the District. SDFA possesses the expertise in providing technical and administrative services to enable staff to respond to ongoing reporting requirements and conduct financial and strategic planning, including other services related to the District and outstanding debt issues. Due to their industry expertise and familiarity with not only the City and the District but also continuing bond disclosure requirements established by CDIAC, staff recommends exercising the option to extend for one additional two (2) year term with SDFA for consulting services.
Amendment for CFD & Bond Administration Consulting Services August 13, 2025
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FISCAL IMPACT
The Camarillo Community Facilities District No. 1 Mello Roos Bonds are a non-City obligation. The administrative costs incurred do not impact the City’s budget and are paid through annual property assessments and recorded in CFD #1 Fund Account No. 699- 7696-476.32-01. Costs incurred relating to the District are estimated at $15,000 per year with an additional cost of $5,000 which is related to the preparation of bond continuing disclosures and reporting for above stated bonds.
Funds for the following fiscal year will be included in the annual budgets accordingly.
RECOMMENDATION
Authorize the City Manager to execute Amendment No. 2022-167A with SDFA for CFD & Bond Administration Consulting Services in an amount not-to-exceed $20,000 per year.
ATTACHMENTS
1. Professional Services Amendment No. 2022-167A for CFD & Bond Administration Consulting Services
REFERENCE MATERIALS – AVAILABLE FOR REVIEW AT CITY HALL None