Community Facilities (Mello Roos) Districts

The City has three Community Facilities Districts, also known as Mello-Roos Districts, within its city limits. A Community Facilities District is an area where a special property tax, in addition to the normal property tax, is levied on property owners within a Community Facilities District. The districts finance certain public improvements and services through the sale of bonds. These services may include streets, water, sewage and drainage, electricity, infrastructure, schools, parks and police protection to newly developing areas. The taxes collected from the property owners are used to make the payments of principal and interest on the bonds.

The Community Facilities Districts in Oceanside are the CFD 2000-1 Ocean Ranch Corporate Centre, CFD 2001-1 Morro Hills Development and the CFD 2006-1 Pacific Coast Business Park. The CFD 2001-1 Morro Hills Development is a residential area, while the remaining two are commercial areas. Also unique to the CFD 2001-1 Morro Hills Development was the issuance of separate improvement area bonds (CFD 2001-1 Morro Hills Development Improvement Area No. 1) to provide funds to build an elementary school within the District.

The 2001-1 Morro Hills Development and 2006-1 Pacific Coast Business Park District bonds can be paid off, partially or in full, if the property owner so chooses. For payoff information, please contact the City’s special tax consultant, David Taussig and Associates at (949) 955-1500.

District Summary Information
Updated as of 01/01/2017
Community Facilities District No. 2000-1 Ocean Ranch Corporate Centre Community Facilities District  No. 2001-1
Morro Hills Development

Community Facilities District  No. 2006-1
Pacific Coast Business Park
       
 Bond Series

Special Tax Refunding Bonds Series 2013A

Special Tax Refunding Bonds Series 2014A

Special Tax Refunding Bonds Series 2013A

Special Tax Refunding Bonds Series 2014A

Improvement Area No. 1 Special Tax Refunding Bonds Series 2014A  Special Tax Bonds Series 2008
Date of Bond Issuance Series 2013-06/13/2013
Series 2014-06/04/2014
Series 2013-06/13/2013
Series 2014-02/14/2014

02/14/2014 

05/20/2008

Original Issue Amount Series 2013-$11,175,000
Series 2014-$11,755,000
Series 2013-$6,710,000
Series 2014-$10,885,000

$7,025,000

$8,880,000

Current Outstanding Principal Series 2013-$10,400,000
Series 2014-$11,430,000
Series 2013-$5,215,000
Series 2014-$9,055,000

$6,000,000

$8,675,000

Bond Maturity Date Series 2013-09/01/2032
Series 2014-09/01/2034
Series 2013-09/01/2032
Series 2014-09/01/2034

09/01/2034

09/01/2038

Infrastructure Financed Improvements to Oceanside Blvd.; Old Grove Rd. and Various other road and intersection improvements; Storm Drains; Water and Sewer Improvements; Fees and SDG&E overhead transmission relocation Neighborhood Park, Douglas Dr. and Vandegrift Blvd. Street Improvements; Water Main Relocations; Reclaimed Water Line Installation; Flood Control Detention Basin Improvements; Utility undergrounding; Water and Sewer Capacity Improvements for City and SDCWA

Finance a school facility and related improvements

30" Regional Water; Storm Drain Costs; Water Improvements; Signals; Mesa Dr. Pipeline; In Lieu Fees and Public Roadway Improvements

Prepayment Option No Yes

Yes

Yes

Annual State of California Mello-Roos Community Facilities District (CFD) Yearly Fiscal Status Report

Annual Mello Roos Report CFD 2000-1 Ocean Ranch 2013 issue

Annual Mello Roos Report CFD 2000-1 Ocean Ranch 2014 issue

   Annual Mello Roos Report CFD 2001-1 Morro Hills 2013 issue

Annual Mello Roos Report CFD 2001-1 Morro Hills 2014 issue

Annual Mello Roos Report CFD 2001-1 Morro Hills 2014 IA1 issue 

 Annual Mello Roos Report CFD 2006-1 Pacific Coast Business Park 2008 issue

California State Controller's Office Report on Parcel Tax Information_FY 2015-16  Parcel Tax Report Ocean Ranch 2000-1 Form A-F 02 Parcel Tax Report Morro Hills 2001-1 Form A-F 02 

 Parcel Tax Report Morro Hills IA1 2001-1 Form A-F 02

 Parcel Tax Report Pacific Coast 2006-1 Form A-F 02