Public Facilities Financing Authority

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Function

The Public Facilities Financing Authority was established in 1990 solely to assist in the issuance of certain bonds for a series of Community Facilities Districts for the construction of infrastructure and improvements under the State of California Mello-Roos Act. The Authority is controlled by and financially dependent on the City. Its financial activities are included in the capital projects and fiduciary funds of the City, and are reported as part of the City's budget.

The City Council serves as the Board of Directors of the Authority.

Regular meeting Time & Place

The Authority meets on an as-needed basis.  Authority agenda items are combined with the regular City Council agenda.

Additional Information

Resolution Establishing the Public Facilities Financing Authority (PDF)