To: Honorable Mayor and Members of City Council
From: Brian Cochran, Finance Director
Prepared By: Elizabeth Cabell, Finance Manager
TITLE:
Title
Fiscal Year 2017-18 Annual Tax Report for City of Napa Community Facilities District No. 2017-1 (Gasser Soscol Gateway)
LABEL
RECOMMENDED ACTION:
Recommendation
Accept and file the Annual Tax Report for the City of Napa Community Facilities District No. 2017-1 (Gasser Soscol Gateway) for the fiscal year ended June 30, 2018.
Body
DISCUSSION:
The City of Napa Community Facilities District No. 2017-1 (the CFD) was approved by Council on September 5, 2017 for development of the Gasser Foundation properties along Soscol Canyon Road. This 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:
The Finance Director 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 - Annual Tax Report for the City of Napa Community Facilities District No. 2017-1 (Gasser Soscol Gateway) for the fiscal year ended June 30, 2018.
NOTIFICATION:
None