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City and school district highlight developer-funded model that sped a school build
Summary
City official Sean Scully told the Western Placer Unified School District board that a Village 7 funding approach — combining city CFD/park dollars with district financing — accelerated construction of a TK–8 school and is a model the city hopes to replicate, while board members pressed on annexation, leverage and long-term developer fees.
Sean Scully, representing the city of Lincoln, told the Western Placer Unified School District board on Dec. 2 that the city and district have a strong partnership and highlighted a funding approach used in Village 7 that he said accelerated a school build by roughly 15 years.
Scully said the city found a way to fold the district’s school facility needs into the city’s community facilities district (CFD)/park funding so that school-related dollars could be used to support borrowing for construction. “We found a way to sliver in the school district into the CFD and bonding capacity the city runs and manages,” he said,…
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