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Roseville authorizes bond issuance for Creekview Phase 5 Community Facilities District
Summary
The council on Nov. 5 approved Resolution No. 25-347 authorizing the issuance of special tax bonds for Creekview Phase 5 Community Facilities District No. 1. Staff said the CFD area covers roughly 58 acres, will include 285 low-density dwelling units at build-out, and that the series issuance aggregate principal would not exceed $18 million.
The Roseville City Council adopted Resolution No. 25-347 on Nov. 5 authorizing the issuance of special tax bonds for Creekview Phase 5 Community Facilities District No. 1 and approving related documents, staff said.
Scott Pettingell, the city's finance director, told the council the CFD was formed July 16, 2025, to provide a land-secured financing mechanism for authorized public facilities and services. He said the project area is about 58 acres and will include 285 low-density dwelling units at build-out. For this first series issuance, Pettingell said the city's aggregate principal not-to-exceed amount for the series would be $18,000,000 while the district's maximum authorized bonded indebtedness is $92,000,000.
Pettingell described categories of authorized facilities that can be financed with the bonds, including transportation improvements (naming Westbrook and Blue Oaks Boulevard), utility infrastructure and park and open-space improvements. After a brief public-comment period with no speakers on the item, the council moved, seconded and carried the resolution by roll call.
The resolution also approves execution of a fiscal agent agreement, a bond purchase agreement, an acquisition agreement and the form of a preliminary official statement to market the bonds.
