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Lincoln council approves funding framework for TK–8 school in Village 7 after lengthy negotiations
Summary
The Lincoln City Council unanimously approved a multi-party facilities agreement to fund and build a TK–8 joint-use school and park in Village 7 (Liberty at Lincoln), using a community facilities district (CFD) bond component plus redirected park-maintenance assessments and facility fees.
The Lincoln City Council approved a resolution authorizing a school facilities agreement among the City of Lincoln, Western Placer Unified School District and Lewes (Lewis) Land Holding LLC to deliver a TK–8 school and adjacent joint-use park in Village 7 (Liberty at Lincoln).
City Manager Sean Scully and developer Phil Rodriguez of the Lewis Group described a multi-year negotiation to create a funding package that combines developer-backed community facilities district (CFD) bond proceeds, redirected park-maintenance assessments and a non-residential facilities fee to fund construction. The city, district and developer have agreed to a structure that sets aside a portion of CFD bond proceeds (approximately 11% of bond proceeds in the formation documents) for school…
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