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Council sets hearing for Dec. 16 and adopts resolutions of intent to form Mello‑Roos CFD for 'The Avenues'
Summary
Council adopted resolutions declaring intent to form City of Tracy Community Facilities District 2025‑1 (The Avenues), authorized indebtedness parameters and set Dec. 16 for the public hearing and special election on levying a special tax; staff said bonds up to $60 million may be issued to finance public infrastructure.
The Tracy City Council on Nov. 4 adopted resolutions of intention to form a Mello‑Roos community facilities district (CFD) for The Avenues, the residential portion of the Ellis Specific Plan, and set a public hearing for Dec. 16 to consider formation, levying a special tax, and incurring bonded indebtedness.
Finance Director Sarah Castro described the proposed City of Tracy Community Facilities District 2025‑1 (Avenues CFD), which the developer requests to finance public infrastructure and certain public…
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