Special Tax Update for Improvement Areas
No. 1, 3, 5 of the Olsen/South Chandler
Ranch Community Facilities District
Regular City Council Meeting
April 1, 2025
Community
Facilities District
• Imposes special tax on
property owners within the CFD
• Owners requested change in
Rate and Method of
Apportionment
• Owners also requested
increase bonded indebtedness
• IA No. 1: to $21 million
• IA No. 3: to $9 million
Process and Timeline
Step 1
(this meeting)
Resolution A, approving the
necessity to update the RMA
Resolution B, approves the
necessity to increased the amount
of bonded debt
Step 2
(public hearing on May 6)
Special election
1st read of updated Ordinance
Step 3
(May 20)
2nd read of updated Ordinance
Questions?
It is recommended that City Council take the following actions:
1. Approve Resolution 25-XXX(A), determining that the public convenience and necessity require the rate and method of apportionment of special tax for Improvement Areas No. 1, 3 and 5 of Paso Robles Community Facilities District No. 2022-1N (Olsen Ranch/ South Chandler – Facilities) be revised; and
2. Approve Resolution 25-XXX(B), declaring necessity for City of Paso Robles Community Facilities District No. 2022-1N (Olsen Ranch/ South Chandler – Facilities) to incur bonded indebtedness in an increased amount for Improvement Areas No. 1 and 3 of the Community Facilities District.