Title
Enter into a Joint Community Facilities Agreement with the California Municipal Finance Authority and Approving Form Acquisition Agreement for Bond Opportunities for Land Development Program
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FileID
File ID: 2026-00849
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution authorizing the City Manager or designee to enter into a Joint Community Facilities Agreement (JCFA) with the California Municipal Finance Authority (CMFA) and approving a form Acquisition Agreement for use with the CMFA's Bond Opportunities for Land Development Program (BOLD Program) for community facilities districts.
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Contact
Contact: Brent Mueller, Senior Development Project Manager, (916) 808-5715, bmueller@cityofsacramento.org; Eric Frederick, Special Districts Manager, (916) 808-5129, efrederick@cityofsacramento.org; Department of Finance
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A: Joint Community Facilities Agreement
4-Exhibit B: Form Acquisition Agreement
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Description/Analysis
IssueDetail
Issue Detail: On April 8, 2025, Council adopted Resolution No. 2025-0092, authorizing the City to join the BOLD Program so that small development projects could utilize a pooled tax-exempt bond financing program for development impact fees and public infrastructure improvement costs, such as roads, water, sewer, storm drainage, and parks for commercial, industrial, retail, and multi- and single-family residential developments. Joining the BOLD Program was recommended by the development community during a Streamline Sacramento meeting on February 27, 2025.
The Bold Program is an economic-development tool used throughout the State to finance public infrastructure required for new development. The BOLD Program is offered by CMFA, a joint powers agency that works on behalf of its members to facilitate economic development in local communities throughout the Sta...
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