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Moreno Valley Unified board authorizes up to $16.5 million in special tax bonds for two KB Homes developments
Summary
The Board of Education, sitting as the legislative body for CFD No. 2022-1, unanimously approved a resolution authorizing issuance of Series 2025 special tax bonds in a principal amount not to exceed $16,500,000 to finance infrastructure for two KB Homes developments near Palm Middle School and at Moreno Beach & Cottonwood.
The Moreno Valley Unified School District Board of Education, acting as the legislative body for Community Facilities District No. 2022-1, voted unanimously to authorize the issuance of Series 2025 special tax bonds in a principal amount not to exceed $16,500,000 to finance public improvements for two residential developments built by KB Homes.
District staff presenter…
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