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Council approves Compass Point community facilities district and related financing measures
Summary
The Ontario City Council unanimously approved formation of Community Facilities District No. 76 (Compass Point), authorized bonded indebtedness and called/recorded a special election; the clerk reported the official ballots were all in favor and the council passed associated resolutions and an acquisition/funding agreement authorization for KR Home Cal Management Services LLC.
The City Council voted unanimously to form Community Facilities District (CFD) No. 76, Compass Point, and to approve related measures to levy special taxes and to enable bonded indebtedness.
Staff presented the public hearing materials and confirmed notice and compliance. Council approved action items a, b and c to form the CFD, propose the levy of a special tax and call a special…
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