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: Contact Info:
City Treasurer's Office

916-808-5168

 

District Map