Formation of
CFD No.
2026-1 –
Beechwood
Facilities
Regular City Council
Meeting
June 16, 2026
Beechwood Specific Plan
911-unit specific
plan, located
southeast corner
of City
Project approve by
City Council on
October 6, 2020
General Plan
Policy LU-4A:
Requires Fiscal
Impact Analysis
Services CFD
established in
2022
CFDs are a
Financing
Mechanism
Election to be
held on July 21,
2026
Beechwood CFDFacilities
• Two Improvement Areas
• Additional Tax Burden:
• $3,699/year -- </=1,500 sf
• $4,738/year -- 1,900 to 2,100 sf
• $5,985/year -- >2,500 sf
• Bond Authorization:
• $15 million IA 1
• $15 million IA 2
IA 1
IA 2
City Council CFD Local Goals & Policies
Financing Priorities
City services
Public facilities
Private facilities
Bond Limitations
Maximum annual tax (~1.8%)
Value-to-Lien: 4:1
No escalating debt payments
Max term 35 years
Council Actions and Next Steps
Tonight
Authorization to
form CFD and to
incur debt
July 21, 2026
Form CFD, call
election, declare
election results, 1st
Reading
August 4, 2026
Second Reading
[Future]
Authorization for
Bond Issuance
City Council Recommendation
Approve Resolution 26-XXX(A),
declaring intention to establish
proposed Community Facilities
District No. 2026-1 (BeechwoodFacilities) and to designate two improvement areas therein and to
levy a special tax therein; and
Approve Resolution 26-XXX(B),
declaring necessity to incur a
bonded indebtedness of proposed
City of Paso Robles Community
Facilities District No. 2026-1
(Beechwood-Facilities) for
Improvement Areas No. 1 and 2,
therein.