Public Hearing
and Consideration
of Adoption of
Resolutions Form
CFD 2026-1
(BeechwoodFacilities)
Regular City Council
Meeting
September 1, 2026
Council Actions and Next Steps
June 16th/July 21st
Authorization to
form CFD and to
incur debt
Tonight’s Action
Form CFD, call
election, declare
election results, 1st
Reading
September 15th
Second Reading
[Future]
Authorization for
Bond Issuance
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 Recommendation
It is recommended that City Council take the following actions:
1. Approve Resolution 26-XXX(A), establishing CFD No. 2026-1, designating two improvement areas and the funding and acquisition agreements
2. Approve Resolution 26-XXX(B), determining the necessity to incur bonded indebtedness for Improvement Area Nos. 1 and 2 of CFD No. 2026-1, and calling special mail ballot elections for the CFD and Improvement Areas on propositions for incurring such bonded indebtedness
3. Approve Resolution 26-XXX(C), calling a special election and submitting to the voters of CFD No. 2026- 1 and Improvement Areas Nos. 1 and 2, thereof propositions regarding the annual levy of special taxes within the CFD to pay the cost of certain public services and establishing an appropriations limit for the CFD
4. Conduct elections
5. Approve Resolution 26-XXX(D), declaring the results of the consolidated special election within Improvement Area No. 1 and Improvement Area No. 2 of CFD No. 2026-1
6. Introduce for first reading, Ordinance XXXX, authorizing the levy of special taxes within CFD No. 2026- 1 and Improvement Area Nos. 1 and 2 thereof.
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
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