TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Jennifer Terry, Finance Manager
SUBJECT:
title
Public Hearings 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
Staff recommends that the City Council open each of the three (3) public hearings regarding the formation of Community Facilities District (CFD) No. 2026-1 (Gierson Ranch), authorizing up to $8 million in bonded indebtedness, and annexing the Gierson Ranch project into CFD No. 2025-2 (Maintenance Services) and CFD No. 2025-S (Safety Services) and continue the public hearings to June 2, 2026.
The proposed 107-unit single-family residential development, located between Washington Avenue and Adams Avenue, would 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 continue the public hearings to June 2, 2026.
RECOMMENDATION
recommendation
Open the public hearing regarding the formation of Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta and continue the public hearing to June 2, 2026.
Open the public hearing as the Legislative Body of Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta regarding the annexation of territory to Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta (Annexation No. 3-Gierson Ranch) and continue the public hearing to June 2, 2026.
Open the public hearing as the Legislative Body of Community Facilities District No. 2025-S (Safety Services) of the City of Murrieta regarding the annexation of territory to Community Facilities District No. 2025-S (Safety Services) of the City o...
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