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Council approves CFD elections for Garrison Ranch; annual homeowner special taxes estimated up to about $4,179 plus maintenance and safety levies
Summary
Council introduced an ordinance and certified property‑owner elections to form CFD 2026‑1 (Garrison Ranch) and related annexations. Staff presented a 107‑unit plan with special tax ranges of $3,156–$4,179 per year and additional maintenance (~$376/unit) and safety (~$580/unit) levies; council certified the election and introduced ordinance No. 636‑26.
During a public hearing on June 2, staff and consultant Shane Spicer presented the proposed Community Facilities District (CFD) 2026‑1 for the Garrison Ranch development and related annexations into city maintenance and safety CFDs. The project site is roughly 16.75 gross acres with a planned 107 single‑family units. Staff said the special tax for the CFD would range from $3,156 to $4,179 per unit per year (an effective special tax rate of 1.83% in staff’s example) and described a separate safety services special tax of $580 per unit with an annual escalator of 4%.
"The developer is planning to build a 107 single family units," Finance/CFD staff reported, and the maximum bond indebtedness for CFD 2026‑1 was listed as $8,000,000. Consultant Shane Spicer clarified the tax range reflects unit sizes and that the intent was to keep the effective tax rate below 2% (1.83% stated). Council certified the property‑owner election results (16 votes cast to approve propositions in the property owner balloting), introduced ordinance No. 636‑26 to authorize levy of special taxes, and moved forward the necessary resolutions; the public‑owner actions recorded as carried in the meeting minutes.
