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Council holds hearing, moves forward on Community Facilities District (CFD 2026-1) for O'Hara development
Summary
Webb Municipal Finance presented the formation report for CFD 2026-1 tied to the O'Hara housing project; staff said the maximum special tax for Tax Zone 1 would be $946 per dwelling unit for FY 2026–27 with annual escalation by CPI or 3% and that the city will conduct a landowner election and subsequent ordinance readings.
Webb Municipal Finance consultant Matt Chesney presented the resolution of formation for Community Facilities District (CFD 2026-1), describing the CFD as an annexable district intended to require new development to fund municipal services and public improvements. "CFD 20 26 dash 1 is a citywide annexable CFD designed to ensure that new development within the city adequately funds the increased demand for municipal services," Chesney told the council.
Chesney said Tax Zone 1's maximum special tax for fiscal year 2026–27 is $946 per dwelling unit, with the maximum escalating each July 1 by the greater of the change in the consumer price index or 3%. He and staff explained that the developer would vote as the current landowner during formation, that the CFD is typically used for new subdivisions, and that the city will return for the second reading of the ordinance on Aug. 25. The council opened and closed the public hearing, certified the landowner election results and moved to the next steps in the formation process.
