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Title:
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Waive the second reading by substitution of title and adopt an ordinance of the City Council of the City of Manteca levying special taxes within City of Manteca Community Facilities District No. 2025-1 (Indelicato Facilities and Services).
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City Council Agenda
Memo to:
Manteca City Council
From:
Matthew Boring, Interim Finance Director
Date:
September 16, 2025
Subject:
Formation of Community Facilities District No. 2025-1 (Indelicato Facilities and Services)
Recommendation:
title
Waive the second reading by substitution of title and adopt an ordinance of the City Council of the City of Manteca levying special taxes within City of Manteca Community Facilities District No. 2025-1 (Indelicato Facilities and Services).
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Background:
The City Council waived the first reading by substitution of the title and introduced the ordinance at the Regular Council Meeting of September 2, 2025. If approved, this ordinance will be effective thirty days following the adoption.
Fiscal Impact:
No impact to General Fund. If the CFD is formed, and special tax bonds are issued, the bonds would be payable solely from the special taxes levied on taxable property in the CFD. All costs of issuance of the proposed CFD bonds will come from bond proceeds, although certain fees are not contingent on the closing of bonds.
Documents Attached:
1. Attachment 1 - Ordinance Levying Special taxes within CFD