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Board approves annexation of Lennar parcels into CFD and supplemental Mello‑Roos bond issuance
Summary
Trustees approved resolutions to annex Lennar Village F parcels into the district's Community Facilities District (CFD 2024‑1), authorize recordation and reimbursement agreements, and supplement a prior resolution to issue up to $25 million of special‑tax bonds to finance neighborhood schools, including Pambo Elementary.
The Lammersville Joint Unified governing board approved several resolutions related to its Community Facilities District (CFD 2024‑1), including a resolution of intention to annex 249 Lennar Village F lots and a confirming resolution for additional parcels previously in the CFD future annexation area. Staff said adding the parcels brings more Mello‑Roos special‑tax payers into the CFD and increases funds available for an elementary school and district support facilities.
Staff explained the annexation process: most parcels qualify for a streamlined annexation if the property owner executes a unanimous approval; one small parcel required a separate resolution and a public hearing scheduled for May 6. The board also approved a supplement to a prior resolution authorizing issuance and sale of special‑tax CFD bonds, allowing issuance of bonds up to $25 million; staff estimated the transaction would raise roughly $24 million to finance Pambo Elementary and associated facilities. The resolutions passed on roll call votes with five trustee ayes.
