Contact Information

Phone

(530) 757-5651
(530) 758-0204 FAX
(530) 757-5666 TDD

Email
financeweb@cityofdavis.org
Office Address

23 Russell Blvd Suite 3
Davis, CA 95616

Office Hours

Monday – Friday
8:00 a.m. to 5:00 p.m.

 

Mello-Roos Community Facilities Districts (CFDs)

The Mello-Roos Community Facilities Act of 1982 was passed by the California Legislature in response to various public funding limitations imposed by Proposition 13. The purpose of the Act is to provide an alternative method to finance the construction of needed public facilities in a timely fashion which are required to service various needs of property owners within a CFD.

A CFD is authorized to issue and sell bonds to provide funds to acquire or construct public capital facilities, such as roadways, sanitary sewer, water and drainage infrastructure, and greenbelt and park improvements. The bonds qualify for tax exempt status, and therefore provide a lower interest rate than conventional, taxable financing methods.

Property owners within a CFD are responsible for paying Special Taxes, which provide payment for the bonds that were issued for the acquisition and/or construction of the public capital facilities within their CFD.

The City of Davis currently has seven Community Facilities Districts (CFDs) as shown in the following table:

CFD Number

CFD Name

Date Formed

Bonds Refinanced

Bonds Mature

Bond Balance

June 30,2015

1990-1

East Davis Plan Area

1990

2009

2030

$9,570,000

1990-2

East Davis/Mace Plan Area

1990

2004

2009

2016

2030

$ 535,000

$9,570,000

1990-3

North Central Davis Plan Area

1990

2004

2009

2016

2030

$ 535,000

$9,570,000

1990-4

South Davis Plan Area

1990

2004

2009

2016

2030

$ 535,000

$9,570,000

1990-5

West Davis Plan Area

1990

2004

2009

2016

2030

$ 535,000

$9,570,000

1991-2

East Davis-Mace Ranch Area

1991

2007

2026

$10,085,000

2007-2

East Davis-Mace Ranch Area II

1999

2008

2037

$4,845,000

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