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Council forms Community Facilities District 2025‑2 for West Park Promenade, approves related resolutions and bond issuance steps
Summary
Wildomar adopted formation and necessity resolutions for Community Facilities District (CFD) 2025‑2 (West Park Promenade), approved the election canvass and introduced an implementing ordinance; staff said the district would cover 12.27 acres for 191 single‑family homes and may issue up to $17 million in bonds once sufficient ownership diversity exists.
The Wildomar City Council approved the formation of Community Facilities District (CFD) 2025‑2, known as West Park Promenade, and adopted the procedural resolutions necessary to proceed with financing steps.
Heidi Shrader presented the district formation package, describing a 12.27‑acre site planned for approximately 191 single‑family homes. The district would finance…
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