Lake County hears workshop on community facilities district for Gwinnock/Gwynach mixed‑use project
Developers and CSCDA representatives briefed the Board of Supervisors on using a community facilities district (Mello‑Roos) to finance infrastructure for the Gwinnock/Gwynach Mixed‑Use Project; presenters said CSCDA would be conduit issuer and the district’s bonds would be payable only from special taxes on project property. The board agreed to reconvene Dec. 9 to consider a resolution to authorize CSCDA to form the district.
The full story
Developers and municipal finance advisers told the Lake County Board of Supervisors on Nov. 18 they want the board to study and, at a later date, authorize the California Statewide Communities Development Authority to form a community facilities district (CFD) to fund infrastructure for the Gwinnock/Gwynach Mixed‑Use Project.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.