Council authorizes bond issuance for Amoruso Ranch CFD Improvement Area No. 2

The Roseville City Council on Oct. 15 adopted a resolution authorizing the issuance of special tax bonds for the Amoruso Ranch Community Facilities District No. 1, Improvement Area No. 2, and approved related documents including a fiscal agent agreement and preliminary official statement.

Scott Pettingell, the city’s finance director, said the improvement area was annexed into the district in March 2025 and that the district’s total maximum bonded indebtedness is $30 million. He said the aggregate principal for this first bond issuance will not exceed $10,500,000. Staff presented a map showing the improvement-area boundary and noted authorized facilities that may be financed with bonds: transportation improvements (including Westbrook Boulevard and West Sunset Boulevard), utility infrastructure and park and open-space improvements.

Council members did not request public comment on the item. The council approved Resolution No. 25-330 by unanimous roll call and authorized the city manager to proceed with sale and execution-related documents, including the preliminary official statement for marketing the bonds.

Staff said the bonds create a land-secured financing mechanism to fund authorized facilities within the specific plan area; specific project schedules, bond pricing and closing details will be determined during the sale process and reported back to council as required.