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Council forms Cannery Park East community facilities district to fund infrastructure in new subdivision
Summary
After a public hearing and ballots from qualified electors, Stockton adopted resolutions and an ordinance creating Community Facilities District (CFD) 2025‑1 Cannery Park East. The CFD would levy a special tax on new residential lots (roughly $922–$2,386/year with a 2% escalator) and developer paid formation costs.
The council approved formation of Community Facilities District (CFD) 2025‑1 Cannery Park East at a public hearing on Sept. 23, clearing the way for special taxes on a newly acquired subdivision to fund infrastructure and future bond issuance.
Municipal finance staff and the city’s municipal advisor described the district as a smaller boundary within…
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