Oxnard staff seeks changes to CFD 9 for North Shore at Mandalay Bay, sets July hearing

Anthony Miller, special districts manager with the City of Oxnard Public Works Department, asked the Oxnard City Council on June 26 to begin formal proceedings to modify Community Facilities District No. 9 (CFD 9), North Shore at Mandalay Bay, including adopting a deposit and reimbursement agreement and setting a public hearing for July 15, 2025. "Recommendation. That the city council, acting as a legislative body of the city of Oxnard Community Facilities District Number 9, North Shore At Mandalay Bay, adopt the following resolutions," Miller said.

The modification request, filed by the landowner Fifth Harbor Owner, LLC, would increase some facility and services special taxes, add a new special tax for state park maintenance services at Mandalay State Beach, and raise the district's maximum bonded indebtedness from $22,500,000 to $40,000,000. Staff said the changes maintain an average effective tax rate of about 1.8% and apply to an approximately 90-acre project currently planned for 292 single-family residences near the northeast corner of West Fifth Street and Harbor Boulevard.

Why it matters: CFDs are a common California tool for funding infrastructure and services in new developments by levying…