To: Honorable Mayor and Members of City Council
From: Donna Lee, Finance Director
Prepared By: Ana Bejarano-Ramirez, Administrative Assistant
TITLE:
Title
Fiscal Year 2025-2026 Annual Tax Report for City of Napa Community Facilities District No. 2017-1 (Gasser Soscol Gateway)
LABEL
RECOMMENDED ACTION:
Recommendation
Receive the City of Napa Community Facilities District No. 2017-1 (Gasser Soscol Gateway) Annual Tax Report for the fiscal year ended June 30, 2026.
Body
DISCUSSION:
The City of Napa Community Facilities District No. 2017-1 (the CFD) was approved by Council on September 5, 2017 to finance the construction of public improvements needed for development of specified properties owned by the Gasser Foundation along Soscol Avenue and Imola Avenue. The Annual Tax Report provides a detailed description of the process used to calculate special tax levies for the CFD, a status of construction and a summary of revenues and expenditures for the fiscal year.
FINANCIAL IMPACTS:
There is no fiscal impact associated with this action.
CEQA:
Staff has determined that the recommended action described in this agenda report is not subject to CEQA, pursuant to CEQA guidelines Section 15060(c).
DOCUMENTS ATTACHED:
ATCH 1 - FY 2025-26 CFD No. 2017-1 Annual Tax Report
NOTIFICATION:
None.