Create special tax district for Point Molate development infrastructure

Point MolateGovernance

In Plain English

The city wants to create a Community Facilities District at Point Molate that can issue bonds and collect special taxes from future residents. This financing tool lets developers pay for roads, utilities, and other infrastructure without using city money. If approved, property owners in the district pay extra taxes on their annual property tax bills to repay the bonds.

Auto-generated summary. Source: official agenda documents.