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Council approves formation of South Stockton community facilities district (Mariposa Industrial Park)
Summary
Council approved formation of CFD No. 2024‑1 for the Mariposa industrial area in South Stockton, authorizing resolutions and an ordinance to levy special taxes with initial maximum rates described in staff presentation.
The Stockton City Council on Nov. 12 approved the formation of Community Facilities District No. 2024‑1 (South Stockton Facilities and Services), a special district intended to fund fire‑related capital infrastructure and ongoing services in the Mariposa Industrial Park area.
City staff and municipal finance advisors presented the finalized formation package, which included a resolution of formation, a resolution of necessity to incur bonded…
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