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Desert Hot Springs council approves formation of Community Facilities District for Skyborn development, advances bond steps
Summary
The council adopted resolutions to form Community Facilities District (CFD) 2025-1 for the Skyborn project, determined necessity to incur bonded indebtedness, canvassed a landowner vote in favor, and introduced an ordinance levying special taxes; the ordinance returns Feb. 4 for second reading.
The Desert Hot Springs City Council on Jan. 21 moved forward with formal financing steps for the Skyborn development by adopting resolutions to form a Community Facilities District (CFD), declare the necessity to incur bond indebtedness, and calling an election on levying special taxes for the district.
City bond counsel Lawrence Chan told the council the evening's proceedings represented the second and final step in the formation process and outlined the sequence: hold the public hearing, adopt the initial resolutions to form the district and determine need to issue bonds, canvas the election, and then certify results and introduce the ordinance to levy special taxes.
"So tonight's proceedings basically are the second step, second and final step to complete the formation process," Lawrence Chan said, describing the streamlined process and the sequence that will return to council after the election canvas.
No speakers appeared in opposition during the public hearing. Staff reported the landowner vote was cast in favor of formation during the election canvas, and the council adopted the two resolutions by unanimous vote. The council then introduced an ordinance to levy the special taxes for Improvement Areas 1 and 2; the ordinance will return for a second reading and potential adoption on Feb. 4.
Councilmember Voss moved to adopt the resolution establishing CFD number 2025-1 and was seconded by Councilmember Pi; both votes were recorded as unanimous. Staff said the CFD formation itself does not immediately cost the city and that subsequent bond issuance, tax levy and financing details would be handled in later proceedings should the council and future votes proceed.
The council's action advances the Skyborn project's ability to finance public improvements through a special-tax CFD structure; staff and bond counsel said additional documents and the ordinance's second reading will follow the election-canvas steps already completed this meeting.
