HomeMy WebLinkAbout13 Old Greenwood & Gray's Special Assessment
ACTION ITEM # 13Crossing CFDsLevies on Old Greenwood & Gray’s Approval of Continuing Special Tax Crossing CFDsLevies on Old Greenwood & Gray’s Approval of Continuing Special Tax June
05, 2019
Special Tax 2034/2035–Gray’s Crossing •2032/2033–•following fiscal tax year upon payoff of the associated bondsThe assessments are currently scheduled to expire after the •01-District
04the levy of a special tax on the Gray’s Crossing Community Facilities 02 authorizing -On July 21, 2004, the Board adopted Ordinance 2004•01-Community Facilities District 03authorizing
the levy of a special tax on the Old Greenwood 04 -On October 14, 2003, the Board adopted Ordinance 2003•BACKGROUND / HISTORY Old Greenwood & Gray’s Crossing-Special Tax Old Greenwood
& Gray’s Crossing-
NEW INFORMATION the CFD assessments Annually, the Board is required to authorize Nevada County to collect •Old Greenwood & Gray’s Crossing-Special Tax Old Greenwood & Gray’s Crossing-Special
Tax
FISCAL IMPACT The funds collected are used to make annual bond payments •$2,583,000Gray’s Crossing Assessments •$775,500Old Greenwood Assessments •Estimated special tax revenue is:•Old
Greenwood & Gray’s Crossing-Special Tax Old Greenwood & Gray’s Crossing-Special Tax
RECOMMENDATION 01-04District special taxes for the Gray’s Crossing Community Facilities 16 requesting Nevada County to collect the -Adopt Resolution 20192)01 -District 03special taxes
for the Old Greenwood Community Facilities 15 requesting Nevada County to collect the -Adopt Resolution 20191)Old Greenwood & Gray’s Crossing-Special Tax Old Greenwood & Gray’s Crossing-Special
Tax