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Council forms The Avenues CFD and records special‑tax lien after property‑owner ballot
Summary
Council adopted resolutions to form City of Tracy Community Facilities District No. 2025‑1 (The Avenues), called and tallied a property‑owner ballot (61 votes in favor), and directed the clerk to record a notice of special‑tax lien; staff said bond issuance would be considered separately.
The City Council acted to form City of Tracy Community Facilities District (CFD) No. 2025‑1, known as The Avenues, a financing mechanism proposed by the developer to fund public infrastructure and services for a planned 471‑unit residential project in the Ellis specific plan area.
Staff explained the CFD would use two…
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