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Board adopts ordinance to levy special tax for Community Facilities District No. 10
Summary
The board held a second reading and adopted an ordinance authorizing a special-tax levy (Mello-Roos CFD) for Community Facilities District No. 10; trustees debated duration, foreclosure risk language and impacts on homeowners before approving the ordinance by recorded vote.
The Chula Vista Elementary School District Board conducted a second reading and then adopted an ordinance authorizing the levy of a special tax within Community Facilities District (CFD) No. 10, a Mello-Roos-style financing mechanism for new developments.
Chief Business Officer Mr. Pong explained the ordinance completes the levying process in the CFD area; the staff…
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