DATE: April 23, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Financial Services Department
TITLE: PUBLIC HEARING AND ELECTION FOR CHANGE PROCEEDINGS FOR CITY OF OCEANSIDE COMMUNITY FACILITIES DISTRICT NO. 2023-1 (NORTH RIVER FARMS PUBLIC FACILITIES) TO APPROVE A SECOND AMENDED AND RESTATED RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX AND DECREASING THE AMOUNT OF BONDED INDEBTEDNESS
RECOMMENDATION
title
Staff recommends that the City Council (1) hold a public hearing; (2) adopt the Resolution of the City Council of the City of Oceanside, California, Acting as the Legislative Body of the City of Oceanside Community Facilities District No. 2023-1 (North River Farms Public Facilities), Approving a Second Amendment to the Rate and Method of Apportionment and Decreasing the Amount of Bonded Indebtedness and Calling an Election therein; (3) direct the City Clerk to hold the election; (4) adopt the Resolution of the City Council of the City of Oceanside, California, Acting as the Legislative Body of the City of Oceanside Community Facilities District No. 2023-1 (North River Farms Public Facilities), Certifying the Results of the April 23, 2025, Special Election; and (5) introduce the Ordinance of the City Council of the City of Oceanside, California, Acting as the Legislative Body of the City of Oceanside Community Facilities District No. 2023-1 (North River Farms Public Facilities) Authorizing the Levy of a Special Tax Within Such District.
body
BACKGROUND AND ANALYSIS
In November 2019, the City Council approved the North River Farms project, a mixed-use housing development located along North River Road (the "North River Farms Project"). When the North River Farms Project was initially approved, the City Council adopted a general plan amendment, a zone change, and other entitlements for a project consisting of up to 585 homes, a 24.9-acre village, 85.1 acres of agriculture and open space (68.1 acres of agriculture and 17 acres of open space), a...
Click here for full text