Travis Unified School District CFD No. 1 and CFD No. 2 Governing - PowerPoint PPT Presentation

Travis Unified School District CFD No. 1 and CFD No. 2 Governing Board Meeting October 8, 2019

Tonight’s Presentation 2

Overview of CFDs  A financing district (CFD) granting local agencies authority to finance a wide array of public facilities and services  Enabling legislation is Mello‐Roos Community Facilities Act of 1982 (Government Code Section 53311)  Adopted in response to Proposition 13 passed in 1978  Eligible governmental entities include any city or county, special district, JPA or other municipal corporation or district  Requires 2/3rds support of “Qualified Electors” Registered Voter Election vs. Landowner Election 3

CFD Election Rules Requires 2/3rds support of “Qualified Electors” Registered Voter Election • 2/3rds approval of registered voters if 12+ registered voters reside within the boundaries of the CFD • 1 vote per participating register voter Landowner Election • If less than 12 registered voters, the CFD needs only 2/3rds approval of the landowners • 1 voter per acre or portion thereof 4

CFD Facility Options “. . .the purchase, construction, expansion, improvement, or rehabilitation of any real or other tangible property with a useful life of 5 years or more . . .” Government Code Section 53313.5 School Parks, Recreation Child Care Libraries and Open Space Facilities Facilities Facilities Government Public Utility Lines Storm Drainage Flood Protection Facilities 5

CFD Service Options Police Protection Fire Protection and Suppression Ambulance and Paramedic Park and Open Space Maintenance Recreation Programs* Library Services Environmental Clean‐Up Flood Protection Jail, Detention Facility, and Juvenile Hall Storm Drainage Systems Operation and Maintenance 6

Community Facilities District No. 1 Foxboro Area Foxboro Area First Levied FY First Levied FY 1,774 Homes 1,774 Homes (Vacaville) (Vacaville) 1990‐91 1990‐91 $0.30 per $0.30 per $1,051,000 $1,051,000 $751,684 $751,684 square foot of square foot of Annual Annual Annual Debt Annual Debt living area living area Revenue Revenue Payment Payment Last Debt Last Debt Delinquent Delinquent Fund Balance Fund Balance Payment June Payment June Special Taxes Special Taxes $1,123,617 $1,123,617 20, 2029 20, 2029 0.33% 0.33% 7

Community Facilities District No. 1 Description of School Facilities • Construction of an elementary school. • Renovation and/or expansion of facilities at GWMS. • Renovation and/or expansion of facilities at VHS. • Addition of student capacity at Cambridge Elementary School. • Renovation and/or expansion of facilities at Travis Elementary School. • Purchase of school buses, land and/or improvements. • Construction and/or expansion of related support facilities. 8

Community Facilities District No. 2 Goldridge; Goldridge; 1,688 Homes 1,688 Homes First Levied FY First Levied FY Madison; Villages Madison; Villages 2000‐01 (30‐Year 2000‐01 (30‐Year 990 Homes 990 Homes of Fairfield of Fairfield Tax Per Parcel) Tax Per Parcel) Remaining Remaining (Fairfield) (Fairfield) Initial $10.0968 or Initial $10.0968 or Maximum Annual Maximum Annual $2,708,759 $2,708,759 Prepaid $2.8434 Prepaid $2.8434 Rate Adjustment Rate Adjustment Annual Revenue Annual Revenue and Annual and Annual 2% 2% (FY 2018‐19) (FY 2018‐19) $0.6116 $0.6116 Annual Debt Annual Debt Payment Varies Payment Varies Last Debt Payment Last Debt Payment Fund Balance Fund Balance $1,299,793 $1,299,793 September 1, 2036 September 1, 2036 $5,603,492 $5,603,492 (FY 2018‐19) (FY 2018‐19) 9

Community Facilities District No. 2 Description of School Facilities • Elementary school facilities to serve students coming from residential units constructed with the boundaries of the CFD • Elementary school facilities to serve students coming from residential units constructed with the boundaries of the CFD • Elementary school facilities to serve students coming from residential units constructed with the boundaries of the CFD • Support facilities to included, but not limited to, administration, food service, maintenance, and transportation to serve students from residential units constructed with the boundaries of the CFD. 10

Questions? / Discussion 11