To: Board of Supervisors
From: Warren Lai, Public Works Director/Chief Engineer
Report Title: Fiscal Year 2024-2025 Tax Administration Report for Community Facilities District No. 2007-1.
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ACCEPT the Fiscal Year 2024-2025 Community Facilities District (CFD) Tax Administration Report on County of Contra Costa CFD No. 2007-1 regarding Stormwater Management Facilities, as required by Sections 50075.3 and 53411 of the California Government Code, as recommended by the Public Works Director, Countywide.
FISCAL IMPACT:
This report relates to special taxes approved by voters and payment for authorized services by said special taxes. CFD No. 2007-1 funds its own administration, including preparation of Annual CFD Tax Administration Reports. (100% Community Facilities District No. 2007-1 Funds) Project No. 7484-6W7249
BACKGROUND:
On August 14, 2007, the Contra Costa County (County) Board of Supervisors established CFD No. 2007-1. In a landowner election held the same day, the sole owner of property within the CFD voted to authorize the levy of a Mello-Roos special tax on property within CFD No. 2007-1. At CFD formation, the CFD boundary included two parcels in the Bay Point area of the County. The future potential annexation area of CFD No. 2007-1 includes all parcels in the unincorporated area of the County that will be developed or redeveloped. In Fiscal Year 2023-24, five new development projects completed annexation into CFD No. 2007-1 for a total of 63 projects that are part of this CFD. Subsequent development projects within the unincorporated areas of the County are continuing to be annexed into CFD No. 2007-1.
The purpose of the CFD is to generate special tax revenue to fund specified Stormwater Management Facilities services provided by the County to the property owners within CFD 2007-1. The County began to provide authorized CFD services during Fiscal Year 2009-...
Click here for full text