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Supervisors authorize acquisition/funding agreement to support Airpark 599 infrastructure and future bond issuance
Summary
The board approved an acquisition and funding agreement with developer Cattellus Stockton LLC to document reimbursement procedures for public infrastructure at Airpark 599; county staff said bond issuance will be sized to revenues from prepaid ground leases and special taxes.
San Joaquin County supervisors on March 25 approved an acquisition and funding agreement with Cattellus Stockton LLC to establish procedures for the county to accept and reimburse public infrastructure constructed for the Airpark 599 industrial development north of Stockton Airport.
County staff said the project — a county public‑private partnership originally authorized in 2008 and amended in 2020 —…
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