Agenda Item No: K.7
AGENDA REPORT
DATE: May 6, 2025
TO: Mayor and Council
FROM: David Gassaway, City Manager
SUBJECT: Resolution 2025-68 PW Authorizing the Levy of Special Taxes within Community Facilities District No. 1 for Fiscal Year 2025-2026
Funding Source: $310,622; Community Facilities District No. 1 Fairfield Open Space Fund
Contact: Chris Lewis, (707) 428-7089
RECOMMENDED ACTION
Adopt resolution.
STATEMENT OF ISSUE
The adoption of this resolution authorizes the levy of the annual fiscal year (FY) 2025-2026 special taxes for Community Facilities District No. 1 (CFD No. 1) , which funds the acquisition of open space.
DISCUSSION
CFD No. 1 was formed in 1986, under the Mello -Roos Community Facilities Act of 1982, by Resolution No. 86-113 to fund the acquisition of real property and/or interests in real property having an estimated useful life of five years or longer for open space purposes. The original formation resolutions require that the special tax be certified each year.
There are three development zones in CFD No. 1: Dunnell/Burton Zone (the Rolling Hills development); Rancho Solano Zone; and the Paradise Valley/Cement Ranch Zone. The annual special tax is $80 per single-family dwelling in each zone. This special tax is fixed and is not subject to annual increases.
FINANCIAL IMPACT
The total proposed revenue for this district is $306,110, and the total proposed expenditures are $310,622, which will be paid from the CFD No. 1 Fairfield Open Space Fund (Fund 323).
PUBLIC CONTACT/ADVISORY BODY RECOMMENDATION
N/A
ALTERNATIVE ACTION
If the c ouncil has any questions regarding the adoption of this resolution, this item may be rescheduled until the next council meeting to allow staff to provide the necessary supporting documents.
COORDINATED WITH
N/A
STAFF CONTACT
Chris Lewis, Sr. Management Analyst
(707) 428-7089
[email protected]
ATTACHMENTS
Attachment 2: Proposed Resolution
Attachment 3: Exhibit A – Special Tax by Parcel