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Consultant outlines CFD No. 2019-1 bond option for district financing
Summary
CFW consultant Khushroo Gheyara presented an overview of an option to issue bonds supported by CFD No. 2019-1 revenues; the Board received the presentation for future consideration.
Deputy Superintendent Dr. Joshua Randall introduced Khushroo Gheyara of CFW, who presented an overview of a possible bond issuance supported by Community Facilities District (CFD) No. 2019-1 revenues. The presentation outlined an option for the district to securitize CFD tax revenues to support capital projects; the Board heard the overview and did not take immediate action, leaving further study to staff.
The presentation was described as an informational step; no motion to issue bonds was recorded. Trustees expressed appreciation for the overview and indicated staff would continue to evaluate financing options with the consultant and Business Services staff.
