Special Tax Refunding Bonds,
Series 2025
September 23, 2025
COMMUNITY FACILITIES
DISTRICT NO. 10
(WHITNEY RANCH)
The District - Whitney Ranch
District Financing
$60 million in bonds authorized
The Bonds are secured by a first pledge
of Special Tax Revenues levied from
taxable property within the District
Established to finance the costs of public
infrastructure necessary for the
development of Whitney Ranch
Bonds issued in 2005, refunded in 2015
principal amount of $27,090,000
Bonds issued in 2019 principal amount of
$16,000,000
Bonds issued in 2022 principal amount of
$13,605,000
Approximate authorization of $2,058,000
remains unissued
Proposed Refunding
The proposed 2025 Bonds are being issued to:
1. Refund in full the 2015 and 2019 issuances;
2. Reimburse $375,000 in outstanding improvement costs;
3. Release approximately $3.5 million in reserve funds;
4. Replace cash reserve fund with a surety bond; and
5. Shorten the debt service by one year.
Interest cost savings to homeowners within the district estimated at an average $88 per year
Approximately 70% of maximum special taxes on developed property is anticipated to pay debt service and administrative expenses
Issuance costs related to the bonds is structured to be covered through bond proceeds
Sept 29
Sept 25
Oct 16
Financing Schedule
Bond Pricing
Post Preliminary Official Statement
Bond Closing
FY 2026/27 Updated special tax levies reflected
on homeowners’ property tax bills
Thank
you