HomeMy WebLinkAbout9, Special Tax Resolutions-OG and Gray's
Consent Item #9 June 4, 2014 Gray’s Crossing CFDsTax Levies on Old Greenwood & Approval of Continuing Special
Continuing Special Tax Levies on 2 owners in Old Greenwood over $3 million at no cost to TDPUDrefinance the bonds of Old Greenwood, saving the property On January 15, 2014, the Board
authorized the District to •1-Community Facilities District 04authorizing the levy of a special tax on the Gray’s Crossing 02 -On July 21, 2004, the Board adopted Ordinance #2004•1-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 CFDs
New Information Old Greenwood & Gray’s Crossing CFDsContinuing Special Tax Levies on 3 to collect the CFD assessmentsAnnually, the Board is required to authorize Nevada County •
Fiscal Impact Old Greenwood & Gray’s Crossing CFDsContinuing Special Tax Levies on 4 The funds collected are used to make annual bond payments•416 Parcels–$2,570,000 Gray’s Crossing
Assessments–179 Parcels–$ 710,000 Old Greenwood Assessments–The estimated special tax revenue is:•
Recommendation Old Greenwood & Gray’s Crossing CFDsContinuing Special Tax Levies on 5 Facilities District1 Community -collect the special taxes for the Gray’s Crossing 0413 requesting
Nevada County to -Resolution 2014 Adopt b)Facilities District1 Community -collect the special taxes for the Old Greenwood 0312 requesting Nevada County to -Resolution 2014 Adopt a)