Create special tax district at Point Molate to fund infrastructure and services
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.
4 to 3
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