Community Facilities District

 

The City of Alameda will adopt a resolution that will declare its intention to create a Community Facilities District (CFD) at Alameda Point. Private property owners who acquire public land from the city within the district will be levied a special tax.

The resolution was established at the March 7 City Council meeting. The formation of the district is authorized through the City of Alameda’s Special Tax Financing Improvement Code Alameda Municipal Code, Section 3-70, according to a memorandum from City Manager Jill Keimach.