Consider creating special district to finance Point Molate infrastructure

Point MolateGovernance

In Plain English

The city is analyzing whether to form a Community Facilities District at Point Molate. This special district would allow the developer to issue bonds backed by future property taxes to pay for roads, utilities, and other infrastructure. If approved, future residents would pay higher property taxes to repay the bonds over 20-30 years.

Auto-generated summary. Source: official agenda documents.

Votes

To extend the meeting to complete the discussion for Item Q.1

Moved by: Claudia JimenezSeconded by: Gayle McLaughlin
Passed

5 to 2

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

To suspend the rules and extend the meeting to complete the discussion for Item Q.1

Moved by: Gayle McLaughlinSeconded by: Eduardo Martinez
Failed

4 to 3

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