Create special tax district at Point Molate to fund infrastructure and services

Point MolateZoning

In Plain English

The city wants to create a Community Facilities District at Point Molate that can issue bonds and collect special taxes from property owners. This financing tool helps pay for infrastructure like roads, utilities, and public services in new developments. If approved, future Point Molate residents and businesses pay the special taxes, not the city's general fund.

Auto-generated summary. Source: official agenda documents.

Votes

To table Item X.2 to a special City Council meeting scheduled for Friday, March 18, 2022, at 3:00 p.m.

Moved by: Gayle McLaughlinSeconded by: Claudia Jimenez
Passed

4 to 3

Thomas K. ButtNay
Nathaniel BatesNay
Claudia JimenezAye
Gayle McLaughlinAye
Melvin WillisAye
Eduardo MartinezAye
Demnlus Johnson IIINay