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Submitted: Thursday, October 16, 2014 3:25:20PMSTATE OF CALIFORNIA MELLOWS COMMUNITY FACILITIES DISTRICT (CFD) YEARLY FISCAL STATUS REPORTED lac #: 20000494For Office Use Only Fiscal Year California
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Mello-roos community facilities district is typically needed by individuals or communities who desire to finance the building or maintenance of public facilities and infrastructure in specific areas.
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Mello-roos districts are often established in newly developed areas where there is a need for additional funding beyond what is available through traditional sources.
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The districts help fund public services such as schools, parks, roads, fire stations, and other community facilities.
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This type of district is instituted through a special tax or assessment on property owners within the designated area, which helps generate revenue for the specified facilities.
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Therefore, property owners and residents within the mello-roos districts are the ones who directly benefit from the community facilities and contribute to its funding.
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A Mello-Roos Community Facilities District is a special tax district created to finance public services and infrastructure in newly developed areas.
The developer or builder of a new residential or commercial development project is typically required to file for a Mello-Roos Community Facilities District.
To fill out a Mello-Roos Community Facilities District, the developer must provide detailed information about the project, estimated costs, proposed public services and facilities, and the proposed special tax amount.
The purpose of a Mello-Roos Community Facilities District is to finance the construction and maintenance of public services and infrastructure, such as roads, schools, parks, and utilities, in newly developed areas.
Information such as project details, estimated costs, proposed services and facilities, special tax amount, and public hearing dates must be reported on a Mello-Roos Community Facilities District form.
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