City Council

(14)\n22-0016-S8\nBUDGET AND FINANCE COMMITTEE REPORT relative\nto the Senate Bill (SB) 165 annual reporting requirements for Fiscal\nYear (FY) 2024-25 Communities Facilities District (CFD) No. 11 (Ponte\nVista) Special Tax Bonds, Series 2021.\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. 11 (Ponte\nVista) Special Tax Bonds, Series 2021, inasmuch as said report is for\ninformational purposes only and no further action is necessary.\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. 11 are\npaid by the CFD via the special tax that is levied annually.