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Home My WebLink AboutCFD 18-01Overview •Community Facilities Districts (CFDs) are special taxing districts used at Tustin Legacy for: •Major backbone infrastructure improvements (Tax A) •Essential ongoing services (Tax B) •Police •Fire & life safety •Recreation programs •Park/parkway maintenance •Flood/storm protection •Street/sidewalk maintenance 0% 2% 4% 6% 8% 10% 12% Tustin Legacy City-Wide PROPERTY TAX SHARE Property Tax Share 3%10.5% Why are CFDs Needed? CFD History •City Council adopted Mello-Roos Goals and Policies for Tustin Legacy in 2004 •Five CFDs have been formed to date: •CFD 04-01 (Tustin Field I and II) •Tax A and B •CFD 06-01 (Villages of Columbus) •Tax A and B •CFD 07-01 (The District) •Tax A and B •CFD 13-01 (FLIGHT, The Village, TUSD Middle/High School, Amalfi, Anton Legacy) •Tax B only •CFD 14-01 (Greenwood) •Tax A and B Existing CFD Map CFD 13-01 •City Council created CFD 13-01 to: •Fund services for projects that may not have incorporated a Tax A •Save time and costs associated with CFD formations •Tustin Legacy plan has evolved since 2013 to include uses not considered in CFD 13-01 •Hotels •Separate types of commercial uses •New CFD needed to account for known and unknown future land uses Victory Park Fire Station #37 CFD 18-01: Improvement Area(s) •CFD 18-01 will be broken up into “Improvement Areas” •Project-specific Rate and Method of Apportionments (RMA) •Improvement Area No. 1: Levity (Lot 19/Disposition Package 6B) •Balance of CFD 18-01 is “Future Annexation Parcels” that are not being liened at this time, but may (or may not) be in the future •Reasoning •Ensure services cost recovery on a project-by-project basis •CFD formation cost and time savings •Maximum flexibility in the future •Future Improvement Areas •Each project will generate its own RMA and require Council approval CFD 18-01: Improvement Area No. 1 •Improvement Area No. 1: Levity at Tustin Legacy •Levity: 218 units •Flats •Single Family Detached •Townhomes •CFD agreed to in DDA and DA CFD Formation Schedule •March 7 •Accept Petition to form CFD •Resolution designating Improvement Area No. 1 •April 17 •Public hearing •Fiscal impacts presentation •De-annexation of CFD 13-01 •CFD 18-01 election/ordinance •May 1 •2nd reading of ordinance •May 31 •CFD in effect Recommendations Staff recommends that the Council: •Approve and Ratify the Petition to Create a Community Facilities District requested by the landowner (City) signed by the Deputy City Manager as the authorized agent of the City •Adopt Resolution No. 18-15, a resolution designating Improvement Area No. 1 of CFD 18-01 and authorizing the levy of a special tax within said Improvement Area