REPORT TO THE CITY COUNCIL
FROM: GEORGEANNE A. WHITE, City Manager
Office of Mayor & City Manager
BY: NICHOLAS D. MASCIA, PE, Assistant City Manager
Office of Mayor & City Manager
SUBJECT
Title
Actions pertaining to the California Municipal Finance Authority ("CMFA") Bond Opportunities for Land Development (BOLD) Program (Citywide)
1. HEARING to consider the City of Fresno's (City) participation in the BOLD Program and to receive public comment regarding the proposed financing of public capital improvements and/or development impact fees for new development within the City's jurisdiction
2. ***RESOLUTION - Authorizing use of the bond opportunities for land development program and authorizing the California Municipal Finance Authority to accept applications from property owners, conduct proceedings and levy special taxes within the City of Fresno pursuant to the Mello-Roos Community Facilities Act of 1982, as amended; and authorizing related actions (Subject to Mayor's Veto)
Body
RECOMMENDATION
Staff recommends that the City Council consider the City of Fresno's (City) participation in the BOLD Program and to receive public comment regarding the proposed financing of public capital improvements and/or development impact fees for new development within the City's jurisdiction and adopt the Resolution authorizing use of the bond opportunities for land development program and authorizing the California Municipal Finance Authority (CMFA) to accept applications from property owners, conduct proceedings and levy special taxes within the City of Fresno pursuant to the Mello-Roos Community Facilities Act of 1982, as amended; and authorizing related actions.
EXECUTIVE SUMMARY
The requested action seeks City Council consideration of the California Municipal Finance Authority's (CMFA) Bond Opportunities for Land Development (BOLD) Program as a tool to support the financing of public infrastructure required for new development within the City. The BOLD ...
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