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Lincoln council OKs resolution of intent to form Joiner Ranch East CFD, sets Aug. 13 hearing
Summary
The Lincoln City Council on Tuesday unanimously approved resolutions of intent to form a Community Facilities District (CFD) for Joiner Ranch East and to incur bonded indebtedness of up to $23,500,000, calling a public hearing for Aug. 13.
The Lincoln City Council on Tuesday unanimously approved resolutions of intent to form a Community Facilities District (CFD) for Joiner Ranch East and to incur bonded indebtedness of up to $23,500,000, calling a public hearing for Aug. 13.
The action, introduced as item 13(a), covers roughly 198 residential units on property being developed by Taylor Builders and contracted with D.R. Horton, according to bond counsel Brian Forbath. Forbath said the proposed special-tax rates would range from $3,464 to $4,016 per unit, based on home size, and “the taxes do escalate each year annually by 2%.”
The res…
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