Project facilities CFDs (Sunridge / Sunrise Douglas)

“The landowner voted to incur the indebtedness and to approve the annual levy of Special Taxes to be collected within the District, for the purpose of paying for the Facilities, including repaying any indebtedness of the District, replenishing reserve funds and paying the administrative expenses of the District.”

“The Facilities eligible to be financed by the District are set forth in the Resolution of Formation and consist of roadway and transportation improvements, including roadway design, project management, grading, and construction of roadways, including curbs, gutters, sidewalks, pavement, street lighting, dry utilities, soundwalls and landscaping, as well as drainage facilities, park improvements and other miscellaneous improvements. Authorized Facilities also include sanitary sewer facilities, water facilities and other capital improvements for which developer impact fees are payable to the City for development within the District, as well as incidental expenses as authorized by the Mello-Roos Act.”

“The District is referred to by the City as the "Grantline 208" project, which is located within the Sunridge Specific Plan area, northwest of Grantline Road. Property within the District is comprised of approximately 208 gross acres designated for the development of 502 single-family residential homes.”

2018-10-01 (Grantline 208 CFD No. 2018-1 only; the programme bundles seven separately-formed districts)

“On August 20, 2018, the City Council adopted a Resolution of Intention to form the District under the Mello-Roos Act, to levy a special tax and to incur bonded indebtedness for the purpose of financing the Facilities and making contributions to certain public facilities. After conducting a noticed public hearing, on October 1, 2018, the City Council adopted the Resolution of Formation, which established the District, set forth the Special Tax Formula within the District and set forth the necessity to incur bonded indebtedness in a total amount not to exceed $35,000,000.”

Resolution of Formation adopted by the Rancho Cordova City Council 2018-10-01 (number not stated in the document read)

“On August 20, 2018, the City Council adopted a Resolution of Intention to form the District under the Mello-Roos Act, to levy a special tax and to incur bonded indebtedness for the purpose of financing the Facilities and making contributions to certain public facilities. After conducting a noticed public hearing, on October 1, 2018, the City Council adopted the Resolution of Formation, which established the District, set forth the Special Tax Formula within the District and set forth the necessity to incur bonded indebtedness in a total amount not to exceed $35,000,000.”

“The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that prepayments are permitted as set forth in Section H below and provided further that the City may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner, and may collect delinquent Special Taxes through foreclosure or other available methods.”

County of Sacramento, Department of Finance, Auditor-Controller Division (places the levy on the secured tax roll)

“0030 SUNRIDGE ANATOLIA CFD 2003-1 | 122 A | MELLO-ROOS | 0040 | CITY OF RANCHO CORDOVA | 2729 PROSPECT PARK DR | RANCHO CORDOVA | CA | 95670 | GOODWIN CONSULTING GROUP | (916)561-0890”

“Notwithstanding any other provision of this RMA, no Special Tax shall be levied in any Fiscal Year on the following: (1) Public Property, except Taxable Public Property. (2) Owners Association Property, except Taxable Owners Association Property. (3) Parcels that are owned by a public utility for an unmanned facility. (4) Parcels that are subject to an easement that precludes any other use on the Parcel. (5) Parcels that have fully prepaid the Special Tax obligation assigned to the Parcel pursuant to the formula set forth in Section H below.”