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Bonded Districts

These districts sell bonds to finance a variety of public improvements, which primarily include the construction of streets, drainage, water & sewer facilities, streetlights and the acquisition of the land necessary to construct these improvements. Bonds are sold and property owners re-pay through annual assessments over time.

Current Bonded Districts

COLLEGE SQUARE CFD NO. 2005-01

The College Square CFD was formed in 2005 in order to finance roadways, traffic signals, water mains, storm drainage facilities and governmental fees. The developer plans to construct a multi-family residential and office/commercial development.

The CFD includes approximately 52 acres. At build-out, there will be approximately 720 multi-family residential units and 270,000 square feet of office/commercial. The developer plans to construct the project in two phases.

Phase one covers approximately 38 acres and will include 484 multi-family residential units and 200,000 square feet of office/commercial space. The second phase is about 14 acres and will include 240 multi-family residential units and 60,000 square feet of office/commercial space. Phase one is projected to take four years and be completed in 2009-20010.The second phase is anticipated to take six years and be complete in 2011-2012.

A bond sale took place in October of 2007 for $11.4 million.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

DEL PASO ROAD CFD NO. 95-02

This district was formed by City Council and approved by a special election of the property owners on August 29, 1995. At the time of formation, this CFD consisted of 182 acres, of which 100 acres are designated as “sports stadium” in the North Natomas Community Plan. The remaining 82 acres were designated as Employment Center (EC) with density ranging from 40-80 employees per acre.

The purpose of the CFD is to refinance existing North Natomas Assessment District (A.D.) #88-03 bonds on parcels along Del Paso Road. Bond proceeds from the CFD were used to payoff $6.07 million in outstanding A.D. bonds (after reserve fund credits) and covered CFD formation and bond issuance costs. A special tax levy was and is placed on that portion of the property designated for private development (approximately 82 acres). These CFD bonds are to be paid over a period of between 15 and 25 years.

At a City Council meeting on March 21, 1995, the property owners made an offer to gift the (at that time) proposed stadium site to the City. City Council directed staff to negotiate with the property owners to develop a formal agreement on their offer. In order for the stadium site to be conveyed as a true “gift”, it was necessary to remove the existing assessments on the property prior to conveyance. The property owners requested the formation of a Mello-Roos CFD to accomplish this and had submitted a formal application to the City.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

DEVELOPMENT FEE FINANCING CFD NO. 95-01

This district was formed by City Council and approved by a special election of the property owners on April 6, 1995. This district, at formation, included five parcels of commercial/industrial property representing a total land area of 54 acres. Future development projects may join the program by submitting an application form and formally annexing to the CFD. So far there have been 3 annexations to the district.

The City Council recognized the need to stimulate economic development within the City of Sacramento. As a result, the City Council has adopted and established the Development Fee Financing (DFF) Program for commercial and industrial projects on December 6, 1994.

To participate in the DFF program, a development property must be formally annexed to this CFD. At the time of building permit issuance the landowner prepays the fees or (in the case of City fees) provides a letter of credit to the City as security. The City then issues Mello-Roos bonds. The bond proceeds are used to pay the fees or to reimburse landowners who have prepaid. The bond debt is repaid by the landowner over a period of time not to exceed 10 years from the date of bond issuance.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

DISPLAY WAY AD NO. 96-04

This district was formed in August of 1997 to finance the construction of street improvements (ie. curb, gutter, sidewalk, drainage, etc.) along the extension of Display Way from 700 feet east of Taylor Street to the Northerly projection of Altos Avenue. Improvement bonds were sold for approximately $315,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2012, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

GRANITE PARK CFD NO. 2001-01

This district was formed by City Council and approved by a special election of the property owners on May 22, 2001. The district consists of approximately 260 acres of mixed use office and recreation facilities.

The purpose of this CFD is to finance street, utility and allowable park improvements, as well as, certain development fees that pertain to buildings within the CFD. The sale and issuance of Mello-Roos bonds is the financing mechanism for this district. The full bond authorization for the Granite Park CFD is $80 million; the bonds are to be issued in five series.

The first series, Series A, was $8.86 million and financed a portion of the Ramona and Cucamonga Avenues, storm drainage improvements and certain development fees that were paid in connection with the three office buildings that were built prior to CFD formation. The remaining issuance of bonds is anticipated to occur within 10-15 years from formation date.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

LONGSHORE COURT SEWER AD NO. 92-02

This district was formed in August of 1992 to finance the construction of a Sanitary Sewer line in Longshore and Xandria from Dry Creek to Fell streets. Improvement bonds were sold for approximately $170,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2008, when the bonds will be paid in full. This district is now inactive.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

MIDTOWN STREET LIGHTING AD NO. 2003-05

This district was formed in August of 2004 to finance the construction of street lights in the downtown area from L to O, 22nd to 26th streets. Improvement bonds were sold for approximately $300,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2019, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NATOMAS CENTRAL CFD NO. 2006-02

Formation proceedings for the CFD were started in October 2006.The project consists of approximately 2,400 residential units on 400 acres. In addition to single-family properties, there will also be medium density and condominium properties.

The CFD will fund, in part, traffic signals, roadways, flood control detention basins and other eligible public infrastructure and governmental fees. The bond maximum bond authorization is $35 million.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS CFD NO. 99-04

This district was established to provide financing for the construction and acquisition of storm drainage and flood control facilities in drainage basin 8C. The land uses in the districts are a mix of residential and non-residential on approximately 262 gross developable acres.

Facilities constructed and acquired include a storm drainage detention basin, drainage channel improvements, major trunk drainage pipes, as well as the cost of the land acquisition for these facilities.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS CFD 2 NO. 98-02

This district covers approximately 890 acres and includes residential, high-density apartments, retail and commercial uses, as well as Arco Arena. The district will fund storm drainage and flood control facilities in both basins 5 and 6, and will include detention basins, pump stations, and land acquisition.

The Series A bonds were sold in January 1999. Only properties within Basin 5 at the time are subject to the CFD 2 special tax.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS DRAINAGE CFD NO. 97-01

The North Natomas Comprehensive Drainage Plan was initiated to construct and upgrade drainage facilities to mitigate runoff due to development. The facilities are owned and operated by Reclamation District 1000 and include levee improvements, upgrades to existing pumping plants to increase capacity and the construction of a new pumping plant on the Sacramento River.

The construction of new facilities and upgrades to existing facilities has been completed.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS DRAINAGE CFD 4 NO. 98-05

The district was formed in 1999 to provide funding for the construction and acquisition of storm drainage and flood control facilities. The facilities include levee improvements, channel construction and improvements, detention basins and storm drain pumping plants. The purchase of land to provide for required habitat mitigation is also included.

The land uses in CFD No. 4 include a mix of residential, retail, and office as well as a regional park, schools, and other civic facilities. The district covers approximately 1,860 acres.

Additionally, if funds remain after the construction and acquisition of the drainage facilities, other facilities such as frontage improvements, street lighting, and parks may also be funded.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS REGENCY PARK CFD NO. 2001-03

This CFD encompasses approximately 465 acres and includes a land use mix of residential and limited commercial. The district will fund the construction and acquisition of a drainage detention basin, storm drainage pump station, one bridge canal crossing. The funding also includes the cost for land acquisition.

If bond proceeds are available after the construction of the major drainage facilities, other facilities including roadways, water transmission mains, sewer lines, and various landscaping improvements may be funded.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

NORTH NATOMAS WESTLAKE CFD NO. 2000-01

This district covers approximately 331 gross acres and includes a mix of single family residential, high density apartments, commercial, and limited light industrial.

This district will provide financing for the construction and acquisition of storm drainage and flood control facilities in drainage basin 8A. Facilities constructed and acquired include a storm drainage detention basin, drainage channel improvements, major trunk drainage pipes, as well as the cost of the land acquisition for these facilities.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

POCKET ROAD AD NO. 93-01

This district was formed in August of 1993 to finance the construction of street widening improvements (ie. Curb, gutter, sidewalk, drainage, etc.) along Pocket Road in front of various unimproved parcels of land from River Village Drive to Rivergate Way. Improvement bonds were sold for approximately $310,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2010, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

REASSESSMENT DISTRICT II NO. 2006-01

This district was formed in April of 2006 to refinance two existing districts: North Natomas AD 88-03 and Willowcreek II AD No. 96-01. With a lower principal amount and interest rate, the refinancing allowed the annual payments by the property owners to be reduced.

North Natomas AD was originally formed in March of 1989 to finance the construction of roadway and drainage improvements around Arco Arena in the amount of$41.5 million.

Willowcreek was originally formed in May of 1997 to finance a drainage pump station and initial infrastructure to allow development to proceed in the area located west of the Main Drainage Canal between I-80 and the Sacramento River in the amount of $14.7 million.

Improvement bonds were sold for approximately $19,130,000 to refinance these districts. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2014 for North Natomas and 2022 for Willowcreek, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

REASSESSMENT DISTRICT NO. 93-05 (FLORIN DEPOT & OATES INDUSTRIAL PARKS)

This district was formed in August of 1993 to refinance two existing districts, Florin Depot and Oates Industrial Park. With a lower interest rate the refinancing allowed the annual payments by the property owners to go down. Both of these districts were originally formed to finance the construction of public improvements within these non-residential subdivisions. Improvement bonds were sold for approximately $1,670,000 to refinance these districts. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2018, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

RICHARDS BLVD (GAS TAX BOND) NO. 95-03

This district was formed in August of 1995 to finance the construction of street widening improvements (ie. curb, gutter, sidewalk, drainage, etc.) along Richards Boulevard from north 3rd to north 7th streets. Improvement bonds were sold for approximately $750,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2009, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

TAHOE PARK WEST STREET LIGHTING AD NO. 2003-06

This district was formed in August of 2004 to finance the construction of street lights in the downtown area from Stockton Boulevard to 52nd street, 9th to 13th Avenues. Improvement bonds were sold for approximately $550,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until 2019, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map

TIMBERLAKE WAY AD NO. 94-01

This district was formed in August of 1994 to finance the construction of street widening improvements (i.e. curb, gutter, sidewalk, drainage, etc.) along Timberlake Way from Bruceville Road on the north end to Bruceville Road where it intersects with Alpine Frost Drive. Improvement bonds were sold for approximately $1,190,000 to fund this district. Property owners that benefited from these improvements will be obligated to pay for their share of the cost annually until September 2009, when the bonds will be paid in full.

District Manager
City Treasurer's Office
(916) 808-5168

Documents

District Map