Escondido

City Council

April 09, 2025 Regular Item #5

Agenda Item 5

5. A RESOLUTION IN SUPPORT OF AN APPLICATION BY THE DEVELOPERS OF THE ROSEGATE PROJECT FOR\nTAX-EXEMPT BOND FUNDING OF DEVELOPMENT IMPACT FEES VIA THE CALIFORNIA MUNICIPAL\nFINANCE AUTHORITY’S BOND OPPORTUNITIES FOR LAND DEVELOPMENT PROGRAM\nRequest the City Council adopt Resolution No. 2025-29 in support of an application by the developer of\nthe Rosegate Project for tax-exempt bond funding of development impact fees. The application will be\nsubmitted to the California Municipal Finance Authority’s (“CMFA”) for consideration of funding via the\nBond Opportunities for Land Development (“BOLD”) Program.\nRecommendation: Approval (Development Services Department: Christopher W. McKinney, Deputy City\nManager/Interim Director of Development Services)\nPresenter: Christopher W. McKinney, Deputy City Manager/Interim Director of Development Services\na) Resolution No. 2025-29