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: Contact Info:
City Treasurer's Office

916-808-5168

 

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