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Board approves CFD 2024-1, levying special taxes for Mountain House facilities
Summary
The board adopted Ordinance No. 24-25-01 to establish Community Facilities District (CFD) 2024-1 and levy a special tax intended to help offset construction cost escalation for Mountain House school facilities; the ordinance passed on a 5–0 roll call vote.
The Lammersville Joint Unified School District governing board voted to adopt Ordinance No. 24-25-01, which establishes Community Facilities District (CFD) 2024-1 and levies a special tax to support Mountain House school facilities. The measure was presented with legal support from bond counsel Chris Lynch of Jones Hall.
During the item, Dr. Nicholas described the ordinance as the culmination of a multi-year effort to create a mechanism that will allow the district to sell bonds and capture special-tax revenue to help offset construction escalation costs for new schools. "This completes a long process supported by Chris Lynch from Jones Hall, who was our bond counsel, to properly establish our latest CFD 2024-1," he said. Trustees moved to approve the ordinance and the board conducted a roll-call vote: Lisa Bouley — Aye; Veneta Daniel — Aye; Samik Modi — Aye; Stephanie Olson — Aye; David Pombo — Aye. The motion carried with five ayes and no nos.
Board members did not amend the ordinance during the meeting. The CFD is intended to be a funding tool that, combined with developer agreements and state matching funds, will help the district close timing and cost gaps for Mountain House projects. The board’s action is procedural and authorizes staff and counsel to complete necessary implementation steps and documentation.
Next steps include completing the funding agreement paperwork and coordinating bond-sale timing with county and state processes; the superintendent said district staff expect some bond-sale proceeds to align with anticipated state construction bond funding but that local measures will still be necessary to bridge timing gaps.
