Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Council approves formation of Improvement Area 20 and levy of special tax; landowner election votes disclosed
Loading...
Summary
After a public hearing, the council designated Community Facilities District (CFD) Improvement Area 20 near the Great Park, disclosed unanimous landowner ballots and authorized steps toward a special tax and bond issuance (bond issuance to be returned for council approval in future). Vote carried 7‑0.
The Irvine City Council held a public hearing and approved formation of Community Facilities District (CFD) No. 20, Improvement Area 20 (Great Park), including authorization to levy special taxes and call a special election of qualified electors (landowners) on the tax and bond propositions.
Dale Bullison, director of administrative services, summarized background: Heritage Field petitioned to form Improvement Area 20 (approximately 59 acres, planned ~572 residential units including 120 affordable units). The two‑step process had been initiated by earlier council action; the current hearing considered designation, determining necessity to incur bonded indebtedness (a bonding cap of $170 million was included), and calling the landowner election. The clerk reported seven landowner ballots (MRP HTMHCB LLC; TPG/EHC III/PHM; KB Home Coastal Inc.; TH Great Park 540 LLC; KLLB/PCO, IBC LLC; Heritage Fields Veil Toro LLC, etc.), all voting affirmatively; the council adopted resolutions closing the hearing, declaring results, and introducing the ordinance for first reading to levy special taxes in Improvement Area 20. All votes on the CF D formation and related resolutions were carried 7–0.
Bullison and staff noted that actual bond issuance and specific tax levies would return to council (staff estimated a potential bond issuance around 2029) and that the current approvals establish the formation, maximum bonding authority, and the process to hold a landowner election and, if approved, proceed with bond issuance.
The council closed the hearing, certified results of the landowner vote as all affirmative, and adopted related resolutions and the ordinance introduction by title; the clerk recorded the roll calls and stated the action carried 7–0.
