Rancho Cordova City Council Approves $15M Special Tax Bonds for Improvement Area 3

The Rancho Cordova City Council took a significant step towards enhancing local infrastructure during its special meeting on September 2, 2025, by approving a resolution to issue special tax bonds for Improvement Area Number 3 of the Ranch Community Facilities District. This decision allows the city to raise up to $15 million to fund essential infrastructure projects and related impact fees.

Finance Manager Michelle Mengeff presented the resolution, clarifying that the bonds are secured solely by special taxes collected within the designated area. This funding is crucial for supporting the ongoing development and improvement of community facilities, which directly benefits residents by enhancing local services and infrastructure.

During the meeting, it was noted that a minor typographical error in the resolution referenced Improvement Area Number 2 instead of the correct Improvement Area Number 3. However, this did not affect the overall approval process, and the council moved forward with the resolution without any public comments or objections.

The council's unanimous vote reflects a commitment to investing in the community's future, ensuring that necessary infrastructure keeps pace with growth and development. As Rancho Cordova continues to evolve, these financial measures are vital for maintaining and improving the quality of life for its residents. The council's actions today set the stage for further advancements in community facilities and services, aligning with broader goals of sustainable development and community enhancement.