City Council

(13) 22-0691-S6 BUDGET AND FINANCE COMMITTEE REPORT relative to Senate Bill (SB) 165 annual reporting requirements for Fiscal Year (FY) 2024- 25 Communities Facilities District (CFD) No. 8 (Legends at Cascades) Special Tax Refunding Bonds, Series 2022. Recommendation for Council action: NOTE and FILE the City Administrative Officer (CAO) report dated February 10, 2026, attached to the Council file, relative to the SB 165 annual reporting requirements for FY 2024-25 CFD No. 8 (Legends at Cascades) Special Tax Refunding Bonds, Series 2022, inasmuch as it is for informational purposes only and no further action is necessary. Fiscal Impact Statement: Not applicable. Financial Policies Statement: The CAO reports that consistent with the City’s Financial Policies, all costs associated with CFD No. 8 are paid by the CFD via the special tax that is levied annually.