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Council approves Harvest CFD amendment after unanimous property-owner vote to fund long-term park services
Summary
The City Council approved amendments to Harvest Community Facilities District No. 1 to change the rate-and-method for Improvement Areas B and C so that, after bond retirement, up to 50% of the special tax can fund services (including the sports park). Two property owners voted unanimously in favor; Council approved the resolutions 3–0 with one recusal.
Mayor Carlos Suarez opened a public hearing Feb. 18 on proposed changes to the Harvest Community Facilities District No. 1. City staff and the developer’s consultant said the amendment revises the rate-and-method of apportionment for Improvement Areas B and C to expand the authorized uses of the special tax and to allow a transition so that, once bonds are retired after 30 years, up to 50% of that tax may be used for ongoing services — the city intends to direct much of that funding to upkeep of the new regional sports park.
City Manager Singer explained the background: the CFD was created to finance infrastructure (streets,…
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