Travis Unified School District CFD No. 1 and CFD No. 2 Governing - - PowerPoint PPT Presentation

Travis Unified School District CFD No. 1 and CFD No. 2

Governing Board Meeting October 8, 2019

Tonight’s Presentation

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Overview of CFDs

• A financing district (CFD) granting local agencies

authority to finance a wide array of public facilities and services

• Enabling legislation is Mello‐Roos Community Facilities

Act of 1982 (Government Code Section 53311)

• Adopted in response to Proposition 13 passed in 1978
• Eligible governmental entities include any city or county,

special district, JPA or other municipal corporation or district

• Requires 2/3rds support of “Qualified Electors”

Registered Voter Election vs. Landowner Election

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CFD Election Rules

Requires 2/3rds support of “Qualified Electors” Registered Voter Election

• 2/3rds approval of registered voters if 12+ registered

voters reside within the boundaries of the CFD

• 1 vote per participating register voter

Landowner Election

• If less than 12 registered voters, the CFD needs only

2/3rds approval of the landowners

• 1 voter per acre or portion thereof

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CFD Facility Options

School Facilities

Libraries Child Care Facilities Parks, Recreation and Open Space Facilities Government Facilities Public Utility Lines Storm Drainage Flood Protection

“. . .the purchase, construction, expansion, improvement, or rehabilitation

• f any real or other tangible property with a useful life of 5 years or more .

. .” Government Code Section 53313.5

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CFD Service Options

Police Protection Fire Protection and Suppression Ambulance and Paramedic Park and Open Space Maintenance Recreation Programs* Library Services Environmental Clean‐Up Flood Protection Jail, Detention Facility, and Juvenile Hall Storm Drainage Systems Operation and Maintenance

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Community Facilities District No. 1

Foxboro Area (Vacaville) Foxboro Area (Vacaville) 1,774 Homes 1,774 Homes First Levied FY 1990‐91 First Levied FY 1990‐91 $0.30 per square foot of living area $0.30 per square foot of living area $1,051,000 Annual Revenue $1,051,000 Annual Revenue $751,684 Annual Debt Payment $751,684 Annual Debt Payment Last Debt Payment June 20, 2029 Last Debt Payment June 20, 2029 Fund Balance $1,123,617 Fund Balance $1,123,617 Delinquent Special Taxes 0.33% Delinquent Special Taxes 0.33%

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Community Facilities District No. 1

Description of School Facilities

• Construction of an elementary school.
• Renovation and/or expansion of facilities at GWMS.
• Renovation and/or expansion of facilities at VHS.
• Addition of student capacity at Cambridge Elementary

School.

• Renovation and/or expansion of facilities at Travis

Elementary School.

• Purchase of school buses, land and/or improvements.
• Construction and/or expansion of related support facilities.

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Community Facilities District No. 2

Goldridge; Madison; Villages

• f Fairfield

(Fairfield) Goldridge; Madison; Villages

• f Fairfield

(Fairfield) 1,688 Homes 990 Homes Remaining 1,688 Homes 990 Homes Remaining First Levied FY 2000‐01 (30‐Year Tax Per Parcel) First Levied FY 2000‐01 (30‐Year Tax Per Parcel) Initial $10.0968 or Prepaid $2.8434 and Annual $0.6116 Initial $10.0968 or Prepaid $2.8434 and Annual $0.6116 Maximum Annual Rate Adjustment 2% Maximum Annual Rate Adjustment 2% $2,708,759 Annual Revenue (FY 2018‐19) $2,708,759 Annual Revenue (FY 2018‐19) Annual Debt Payment Varies $1,299,793 (FY 2018‐19) Annual Debt Payment Varies $1,299,793 (FY 2018‐19) Last Debt Payment September 1, 2036 Last Debt Payment September 1, 2036 Fund Balance $5,603,492 Fund Balance $5,603,492

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Community Facilities District No. 2

Description of School Facilities

• Elementary school facilities to serve students coming from

residential units constructed with the boundaries of the CFD

• Elementary school facilities to serve students coming from

residential units constructed with the boundaries of the CFD

• Elementary school facilities to serve students coming from

residential units constructed with the boundaries of the CFD

• Support facilities to included, but not limited to,

administration, food service, maintenance, and transportation to serve students from residential units constructed with the boundaries of the CFD.

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Questions? / Discussion

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