HomeMy WebLinkAbout9 Old Greenwood & Gray's Special Assessment
ACTION ITEM Crossing CFDsLevies on Old Greenwood & Gray’s Approval of Continuing Special Tax Crossing CFDsLevies on Old Greenwood & Gray’s Approval of Continuing Special Tax June 01,
2016# 9
Special Tax 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 •416 Parcels •$2,643,000Gray’s Crossing Assessments •Fractionals1,231 Parcels/•$686,000Old 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 17 requesting Nevada County to collect the -Adopt Resolution 2016•01 -District 03special taxes
for the Old Greenwood Community Facilities 16 requesting Nevada County to collect the -Adopt Resolution 2016•Old Greenwood & Gray’s Crossing-Special Tax Old Greenwood & Gray’s Crossing-Special
Tax