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 amounts and interest rate the refinancing allowed the annual payments by the property owners to go down. 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 alow 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: Contact Info:
City Treasurer's Office

916-808-5168

 

District Map