Cascada Community Facilities District
Summary
The first step toward a new financing district for the D.R. Horton Cascada development — the draft agreement sets a $2.80 per $100 tax rate cap and requires a letter of credit. Actual district formation would come back to the council in a couple of months.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Jun 2, 2026.
Impact analysis
Future homeowners in Cascada would pay up to $2.80 per $100 of assessed value to fund district infrastructure.
The Cascada development gets infrastructure financing paid by district residents rather than the town at large.
Future Cascada homebuyers carry an added tax burden, and Comerford warned they could face unanticipated special assessments.
Mentions & discussions (4)
Cascada Community Facilities District — June 2, 2026
The Cascada district can now issue up to $300 million in general obligation bonds and levy an O&M property tax up to $0.30 per $100 of assessed value. No tax is levied yet — future levies come through the annual budget, likely not before FY2028 — and the town council sitting as the CFD board controls debt issuance and rates.
Cascada Community Facilities District — May 19, 2026
Vice Chair Ziegler asked when Cascada representatives would return to discuss the district. Staff said the CFD election was held the day of this meeting, with a canvass expected June 2, 2026.
Council-Regular Meeting — March 3, 2026
The Council formed a CFD over 624 acres for DR Horton's planned 3,100-home community, enabling future bonds for roads, parks, and water infrastructure paid by a district property tax. A possible future per-lot special assessment drew extended debate and one dissenting vote.
Council-Regular Meeting — January 20, 2026
The first step toward a new financing district for the D.R. Horton Cascada development — the draft agreement sets a $2.80 per $100 tax rate cap and requires a letter of credit. Actual district formation would come back to the council in a couple of months.
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