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Lake County holds workshop on proposed CFD for Gwinoc project; board to revisit resolution Dec. 9
Summary
Developers and CSCDA told the Lake County Board of Supervisors that a Community Facilities District (CFD) would fund roads, utilities and parks for the Gwinoc Mixed Use Project through special taxes on properties inside the development; presenters said CSCDA would issue bonds and Lake County would not assume debt liability. The board directed staff to return Dec. 9 with a resolution to consider.
Developers and bond experts on the Gwinoc Mixed Use Project told the Lake County Board of Supervisors at a workshop that a Community Facilities District (CFD) and tax‑exempt bonds under the Mello‑Roos framework would be used to finance roads, water, sewer, drainage and park improvements, and that the county would not be legally liable for the bond debt.
Lou Feldman, a public‑finance consultant for the project, opened the presentation and said the team expects the development to create jobs and intends the CFD to cover large upfront infrastructure costs. "We end up with money, you end up with infrastructure, from that money and we all end up with 2,886 jobs," Feldman said.
Kevin Case, a project representative, told the board the team is advancing subdivision maps and environmental review and aims to break ground in April. The presenters emphasized the CFD is one element of a broader capital stack and not the only source of financing for on‑site construction and private improvements.
Bridal Thorbeth, who identified…
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