TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Jennifer Terry, Finance Manager
SUBJECT:
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Declaring Intention to Form Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta and to Annex into Community Facilities District No. 2025-2 (Maintenance Services) and Community Facilities District No. 2025-S (Safety Services)
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ABSTRACT
The Resolutions initiating the formation of Community Facilities District (CFD) No. 2026-1 (Gierson Ranch), authorize up to $8 million in bonded indebtedness, and declare its intent to annex the Gierson Ranch project into CFD No. 2025-2 (Maintenance Services) and CFD No. 2025-S (Safety Services).
The proposed 107-unit single-family residential development, located between Washington Avenue and Adams Avenue, will finance public infrastructure, Development Impact Fees (DIF), and eligible maintenance and safety services through the levy of special taxes under the Mello-Roos Act. The recommended actions set public hearings for April 21, 2026, and initiate landowner voting proceedings required to establish the district and approve the proposed special taxes and bonded indebtedness.
RECOMMENDATION
recommendation
Adopt Resolution No. 26-4915 entitled: Resolution of Intention of the City Council of the City of Murrieta to Establish Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta, to Authorize the Levy of a Special Tax to Pay the Costs of Acquiring or Constructing Certain Facilities and to Pay Debt Service on Bonded Indebtedness;
Adopt Resolution No. 26-4916 entitled: Resolution of Intention of the City Council of the City of Murrieta to Incur Bonded Indebtedness in an Amount Not To Exceed $8 Million Within Proposed Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta;
Adopt Resolution No. 26-4917 entitled: Resolution of the City Council of the City of Murrieta Acting as the L...
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