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Ontario City Council authorizes special tax bonds for CFD No. 71
Summary
The council approved a resolution authorizing the issuance of Community Facilities District No. 71 (New House Phase 2) special tax bonds series 2025 by a 5-0 vote; staff presented the resolution and there was no recorded opposition.
The Ontario City Council unanimously approved a resolution authorizing the issuance of Community Facilities District (CFD) Number 71, New House Phase 2, Special Tax Bond Series 2025.
During administrative reports staff introduced the resolution and explained there were no written communications on the item. Councilmember Bridal moved the item, a colleague seconded, and an electronic vote carried the action 5-0.
Staff did not provide a bond amount during the council presentation at the meeting; the staff report and resolution text were placed in the public record. The council did not attach conditions or amendments at the time of the vote.
The resolution authorizes the city to move forward with bond issuance for the specified CFD and delegates the necessary administrative steps to city staff for closing and compliance.
