Bonded Districts
Developers often use special financing districts to finance the construction and/or acquisition of public facilities for new development projects.
Detailed information on each District, including the RMA and Annual Secial Tax and Bond Accountability Reports, can be found on the Special Districts Report page.
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CFD No. 87-1 (TownGate)
CFD No. 87-1 was formed to finance a portion of the public facilities related to the TownGate Development. The CFD is bounded on the north by State Route 60, on the west by Day Street, on the south by Eucalyptus Avenue, and on the east by Frederick Street.
Annual Special Tax and Bond Accountability Report
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CFD No. 87-1 (TownGate), IA1
CFD No. 87-1, Improvement Area No.1, was formed in 1992 to finance costs to construct, purchase, modify, expand, improve, and rehabilitate public facilities within the CFD.
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CFD No. 3 (Automall)
CFD No. 3 was formed in March 2000 to restructure and refinance the CFD No. 2 bonds. The original bond proceeds financed the capital costs for roadway improvements, which included grading, paving, sewers, sidewalks and landscaping for the Moreno Valley Auto Mall. All of the bonds for this district have been paid in full.
The City Council approved dissolution of the District on February 25, 2014 per Resolution No. 2014-15 and a Notice of Cessation was filed with the County of Riverside as of March 10, 2014.
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CFD No. 5 (Stoneridge Towne Centre)
CFD No. 5 was formed in October 2005 and consists of Stoneridge Towne Centre, which is located at the northeast corner of the Nason Street and Fir Avenue. The CFD was formed to finance the cost of constructing and acquiring certain public facilities within the CFD.
Annual Special Tax and Bond Accountability Report
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CFD No. 7
CFD No. 7 was formed to finance a portion of the public facilities within the district. The boundaries of CFD No. 7 are broken into three separate improvement areas:
- Improvement Area No. 1. Annual Special Tax and Bond Accountability Report
- Improvement Area No. 2. , Dissolved in 2012 at the request of the property owner. No bonds were issued.
- Improvement Area No. 3. No bonds were issued.