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Lincoln council forms CFD for Joiner Ranch East, approves landowner election and calls bond authorization vote
Summary
The City of Lincoln formed Community Facilities District (CFD) 2025-1 for the Joiner Ranch East subdivision and accepted landowner election results favoring the CFD and authorization to incur bonded indebtedness up to $23.5 million; council directed staff to remove a developer PAYGo request from the acquisition agreement.
The City of Lincoln City Council on Aug. 12 opened and closed a public hearing and adopted resolutions forming Community Facilities District (CFD) 2025-1 for the Joiner Ranch East project, approving a landowner election and calling a ballot on authorization of a special tax and the incurrence of bonded indebtedness not to exceed $23,500,000.
The action followed a staff presentation from bond counsel Brian Fortnath explaining that the 26-acre Joiner Ranch East development (198 residential units) is being developed by Jen California with D.R. Horton as the merchant builder. Fortnath said the developer expects to…
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