CFD 2025‐6 (Coastline)
Proforma Summary Sheet
Applicant: Global Investment & Development, LLC
Project Description
Acreage Gross: 39.09; Net: 7.33
Development Description Detached Single Family Residential Units Number of Units (50 min) 45 Units
Estimated Home Size Range 2,300 SF to 2,800 SF
Average Home Size 2,533 SF
Average Estimated Home Price $623,333
Total Effective Tax Rate (2.00% Max) 2.00%
CFD Tax Rate Range $4,298 to $4,851
Escalation (2.00% Max) Yes, 2.00%
Maintenance CFD Yes, CFD 2017‐1 Tax Zone 20
Maintenance CFD Rate $1,139/Unit
Bond Sizing Assumptions
Average Coupon 5.00%
Priority Administration $25,000
Cost of Issuance $250,000
Capitalized Interest Period 0‐months
Special Tax Escalation 2%
Bond Term 30 Years
Underwriter Discount 2.00%
Total Special Tax Revenues $583,266
Estimated Sources and Uses
Sources
Par Bond Amount $2,945,000
Uses
Reserve Fund $274,366
Capitalized Interest $0
Underwriter Discount $58,900
Cost of Issuance $250,000
Improvement Fund $2,361,734
Allocation of Improvement Fund
Description % of Total Total Eligible Potentially Funded City Premium (20%) 6% $140,514 $140,514
City Facilities 29% $696,248 $696,248
City Fees 30% $702,570 $702,570
EMWD Fees 35% $831,870 $822,402
Romoland SD Fees 0% $589,950 $0
Totals 100% $2,961,152 $2,361,734
Unfunded $599,418
Proposed Schedule
Finance Committee September 9, 2025
Resolution of Intention November 19, 2025
Public Hearing January 7, 2026
2nd Reading Ordinance January 21, 2026