Community Facilities Districts

Community Facilities Districts (CFDs), commonly known as Mello-Roos Districts, are used to finance local public facilities and provide funding for public services. A CFD can fund public improvements with a useful life of at least five years such as public infrastructure. CFDs can also fund ongoing services such as ongoing maintenance of public facilities.

The City of Santa Clarita has both bonded and non-bonded CFDs.

    • Bonded CFDs

      • Valencia Town Center CFD No. 2002-1

        • The Community Facilities District No. 2002-1 (Valencia Town Center) Special Tax Bonds were issued in October 2002 and were refunded in October 2012. The Special Tax Refunding bonds are not a general obligation of the City, and neither the faith and credit nor the taxing power of the City is pledged to the payment of the bonds. The source of the debt service is from the property assessments within the Community Facilities District. The bonds were originally issued to fund the acquisition of certain public improvements necessary to develop the Valencia Town Center including bridge, storm drain, and road improvements as well as traffic signals, pedestrian walkways, fire station facilities and related soils, geologic, and survey work.
        • Valencia Town Center Facilities Report
        • Resolution of Formation
      • Vista Canyon CFD No. 2016-1

        • The Community Facilities District No. 2016-1 (Vista Canyon) Special Tax Bonds were issued in February 2020. The Special Tax Refunding bonds are not a general obligation of the City, and neither the faith and credit nor the taxing power of the City is pledged to the payment of the bonds. The source of the debt service is from the property assessments within the Community Facilities District. The bonds were issued to fund 1) a public parking facility, the Cooper Street Parking Structure, a City-owned public parking garage with 84 dedicated spaces for the adjacent apartment complex and 529 public parking spaces, and 2) a portion of the Transit Center. Commencing in FY 2019-20, property within the Vista Canyon CFD began paying special taxes to fund debt service on the Bonds.


          Annual Reports:

    • Non-Bonded CFDs 

        • Cooper Street Parking Structure CFD No. 2020-1

          • The Community Facilities District No. 2020-1 (Cooper Street Parking Structure) was formed in 2021. Pursuant to the Vista Canyon conditions for development, the original intent was for the property owner association (POA) of the Vista Canyon development to pay the cost of operating and maintaining the Cooper Street Parking Structure. The City previously entered into a Parking Management Services Agreement in 2020 with the POA (Management Agreement). In order to maintain the tax-exempt nature of the Vista Canyon CFD Bonds and have the Management Agreement be considered a “qualified management contract” under IRS rules, tax counsel required the formation of the Cooper Street CFD to pay the manager under the Management Agreement and other costs associated with the operation and maintenance of the Cooper Street Parking Structure. The POA initially pays the costs of operation and maintenance and also pays the special taxes. The POA, as manager, submits invoices for reimbursement payable by the Cooper Street CFD using the special taxes paid by the POA. Commencing in FY 2020-21, property within the Cooper Street CFD began paying special taxes to fund debt service on the Bonds.


            Annual Reports