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Board approves resolution to form community facilities district to fund future Mountain House school
Summary
Trustees approved Resolution 24‑25‑10 to form CFD 2024‑1 and Resolution 24‑25‑11 to express intent to incur bonded indebtedness; staff said the next neighborhood school could cost approximately $60,000,000 and bonds/Mello‑Roos would be used to fund construction.
Superintendent and staff outlined plans to form a Community Facilities District (CFD 2024‑1) covering new neighborhoods north of Byron Highway (neighborhoods J, K, L) to pool developer and Mello‑Roos funds for future school construction. Staff told trustees the next school (neighborhood J) is being designed and that the district anticipates construction costs around $60,000,000.
The board approved both resolutions by roll call. Staff emphasized the timing uncertainty of state construction bond funding and explained the CFD and future bond issuance are necessary steps to secure local funding when homes in the neighborhood begin selling. "The school, we anticipate, will cost $60,000,000," staff said during the presentation. Trustees asked for continued attention to funding avenues and project timelines; the resolutions authorize staff to proceed with the CFD formation process and future bonding steps.
