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Board petitioned to dissolve Community Facilities District 2014‑1; council briefed on schedule for possible Sept. and Sept. 16 approvals
Summary
Finance staff updated the committee that Microsoft petitioned to dissolve CFD 2014‑1 because original projects are complete and some proposed projects were ruled inappropriate; the CFD board will vote in September and staff requested council approval on Sept. 16 if the board moves forward.
Finance Director Kelly Cochran briefed the committee on the potential dissolution of Community Facilities District (CFD) 2014‑1. She said the CFD board signaled at its last meeting that it intended to move forward with dissolution but that the formal board vote will occur in September and, if that vote occurs, staff will request council approval on the Sept. 16 consent…
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