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Council forms Serena Park CFD, authorizes special‑tax election to finance infrastructure
Summary
The City of Palm Springs concluded formation proceedings for Community Facilities District No. 20251 (Serena Park), adopted resolutions to incur bonded indebtedness and to call a special‑tax election, and approved related agreements authorizing the levy of special taxes for four improvement areas.
The Palm Springs City Council on Dec. 10 concluded the formation proceedings for Community Facilities District No. 20251 (Serena Park) and adopted a package of resolutions to allow the district to levy special taxes and seek voter/landowner authorization for bonded financing.
Staff explained that Serena Park includes two residential components (Serena Park 1 with 386 units and Serena Park 2 with 91…
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