Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lake County board authorizes CSCDA to start community facility district for Gwinnock Valley project
Summary
The Lake County Board of Supervisors voted 5-0 to authorize the California Statewide Communities Development Authority to begin proceedings to form a community facility district (CFD) for the Gwinnock Valley Mixed Use Development after staff and bond counsel described financing mechanics and indemnification steps.
The Lake County Board of Supervisors voted unanimously to authorize the California Statewide Communities Development Authority (CSCDA) to begin proceedings to form a community facility district for the Gwinnock Valley Mixed Use Development.
Ben Rickelman, deputy county administrative officer, introduced the item and said CSCDA would handle formation work and that county staff would retain discretion over financing terms and final agreements. "I'm here for consideration of a resolution that would authorize the California Statewide Communities Development Authority ... to form a community facility district for the Gwynnock Mixed Use Development," Rickelman said.
Lou Feldman, a consultant and counsel for the developer, asked the board to pass the resolution and described the financing team and mechanics. "The simple…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
