City Council

(13)\n22-0691-S6\nBUDGET AND FINANCE COMMITTEE REPORT relative to Senate\nBill (SB) 165 annual reporting requirements for Fiscal Year (FY) 2024-\n25 Communities Facilities District (CFD) No. 8 (Legends at Cascades)\nSpecial Tax Refunding Bonds, Series 2022.\nRecommendation for Council action:\nNOTE and FILE the City Administrative Officer (CAO) report dated\nFebruary 10, 2026, attached to the Council file, relative to the SB 165\nannual reporting requirements for FY 2024-25 CFD No. 8 (Legends at\nCascades) Special Tax Refunding Bonds, Series 2022, inasmuch as\nit is for informational purposes only and no further action is\nnecessary.\nFiscal Impact Statement: Not applicable.\nFinancial Policies Statement: The CAO reports that consistent with\nthe City’s Financial Policies, all costs associated with CFD No. 8 are\npaid by the CFD via the special tax that is levied annually.