printed page heading

Bonded Financing Districts

Stoneridge arch

Developers often utilize an Assessment District (AD) or Community Facilities District (CFD) as a financing mechanism for the construction and/or acquisition of public facilities for new development projects. Developers considering AD or CFD financings are encouraged to contact the Special Districts Division at 951.413.3480 or specialdistricts@moval.org. The following bonded CFDs are currently being administered by the City:

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.

CFD No. 87-1 (TownGate),
Improvement Area No. 1

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.

 

 

 

 

 


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.

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.

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, Improvement Area No. 2, and Improvement Area No. 3.  At the request of the property owner Improvement Area No. 2 was later dissolved.  Bonds have not been issued for this CFD.

Also of interest...

Moreno Valley Logo

 
 

 

 
Moreno Valley City Hall
14177 Frederick Street
PO Box 88005
Moreno Valley, CA 92552
Phone: 951.413.3000
Get in touch: Contact us
Copyright City of Moreno Valley, All Rights Reserved.
Important Information About This Site
 
>