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Board approves formation of CFD 2024‑1, landowner election unanimous
Summary
The Lammersville board held public hearings and approved a package of resolutions to form Community Facilities District (CFD) 2024‑1 for Mountain House school facilities, with a unanimous landowner election and motions authorizing bond issuance and a first reading of a special‑tax ordinance.
The Lammersville Joint Unified School District governing board moved forward on plans to finance a new Mountain House school by approving the formation of Community Facilities District (CFD) 2024‑1 and related bond authorizations.
Staff described the proposed CFD as covering neighborhoods I, J, K and L and an identified future annexation area north of Byron Highway. The district said the financing plan relies on a combination of CFD‑generated special taxes and state construction funds tied to the recently passed state construction bond. "A CFD is a geographical area in which the school district is authorized to levy a special tax and issue bonds to finance school facilities," staff told the board.
On successive motions the board adopted resolution 24‑25‑12 (formation and tax rate), resolution 24‑25‑13 (necessity to incur bonded indebtedness), and resolution 24‑25‑14 (calling a landowner election). The clerk opened five landowner ballots and announced all five voted "yes," which the clerk said "passes by the required 0.667 vote." President Olson then led the board in adopting resolution 24‑25‑15 declaring the election results and directing recording of the notice of special tax lien.
The board also approved resolution 24‑25‑16 authorizing the issuance and sale of special tax bonds and introduced ordinance 24‑25‑01 (first reading) levying special taxes in CFD 2024‑1; the ordinance is scheduled for adoption at the board's Jan. 15, 2025 meeting. Trustee Pambo moved the motions at multiple steps and Trustee Boulet seconded. Roll‑call votes were recorded as five ayes and no nos for the formal resolutions and bond authorization.
Next steps the district outlined include returning to the board with bond documents when it becomes necessary to issue bonds to raise funds for school construction.
Provenance: topicintro SEG 893; topfinish SEG 1226.
