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Temecula authority forms Elderberry Park community facilities district, approves special tax and financing
Summary
The Temecula Public Financing Authority voted unanimously Oct. 14 to form Community Facilities District No. 25‑01 (Elderberry Park), authorize a special tax, and call for bonded indebtedness; the single property owner’s ballot supported the measures.
The Temecula Public Financing Authority voted unanimously Oct. 14 to form Community Facilities District (CFD) No. 25‑01, known as Elderberry Park, authorize levy of a special tax and take the initial steps to issue bonds to finance public improvements for a proposed 164‑home development.
The action followed a staff presentation and a public hearing with no public protests on the record. Jim Fabian, the city’s financial advisor, told the council the district covers about 22.22 net acres near Butterfield Stage Road and Temecula Parkway and will fund infrastructure including storm drain improvements and related municipal services. He said the developer expects home construction to start in the fourth quarter of 2026.
The formation package approved by the financing authority and city council included: a resolution establishing the CFD and authorizing the…
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