TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Javier Carcamo, Finance Director
SUBJECT:
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Intent to Form Community Facilities District No. 2025-4 (Rustic Meadows) of the City of Murrieta and Incur Bonded Indebtedness
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RECOMMENDATION
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Adopt Resolution No. 25-4839 entitled: Resolution of Intention of the City Council of the City of Murrieta, to Established Community Facilities District No. 2025-4 (Rustic Meadows) 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; and
Adopt Resolution No. 25-4840 entitled: Resolution of Intention of the City Council of the City of Murrieta, to Incur Bonded Indebtedness in an Amount Not to Exceed $5,000,000 within Proposed Community Facilities District No. 2025-4 (Rustic Meadows) of the City of Murrieta.
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PRIOR ACTION/VOTE
On April 5, 2016, the City Council adopted a Resolution amending the Land Secured Financing Policy (Vote: 5-0).
On October 3, 2023, the City Council considered an Amendment to the Community Facilities District Goals and Policies and directed staff to present the recommendations in a workshop (Vote 3-2).
On December 5, 2023, the City Council held a workshop on the proposed Amendment to the Community Facilities District Goals and Policies (Non-Action Item).
On December 5, 2023, the City Council Adopted Resolution No. 23-4717 Amending and Restating Community Facilities District Goals and Policies (Vote 5-0).
On May 6, 2025, the City formed Community Facilities District No. 2025-1 (Safety Services), Community Facilities District No. 2025-2 (Maintenance Services) and Community Facilities District No. 2025-3 (Discovery Village) (Vote 5-0).
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational effici...
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