HomeMy WebLinkAbout9,Special Tax Resolutions-OG and Gray'sConsent Item #9
Approval of Continuing Special
Tax Levies on Old Greenwood &
Grays Crossing CFDs
June 6, 2012
Background / History
• On October 14, 2003, the Board adopted Ordinance #2003-04
authorizing the levy of a special tax on the Old Greenwood
Community Facilities District 03-1
• On July 21, 2004, the Board adopted Ordinance #2004-02
authorizing the levy of a special tax on the Gray's Crossing
Community Facilities District 04-1
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New Information
• Each year, the Board authorizes to continue to include the
special tax levies for the Old Greenwood and Gray's
Crossing CFD's on the Nevada County tax rolls for
collection
• The annual resolutions for the Old Greenwood and Gray's
Crossing CFD's are attached
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Fiscal Impact
• The estimated special tax revenue is:
— Old Greenwood Assessments
— Gray's Crossing Assessments
The funds collected are used to make annual bond payments
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Recommendation
a) Adopt Resolution 2012-AA requesting Nevada County to
collect the special taxes for the Old Greenwood 03-1 Community
Facilities District
b) Adopt Resolution 2012-BB requesting Nevada County to
collect the special taxes for the Gray's Crossing 04-1 Community
Facilities District
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