Gladden Farms II CFD Series 2026 bond issuance
Summary
The district's development agreement now allows $32 million in developer bonds instead of $20 million, reflecting higher construction and infrastructure costs since 2008. The total voter-authorized capacity stays at $60 million, and debt can be issued through 2034 under an agreement running to 2059.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Sep 1, 2026.
Impact analysis
Developer bond capacity grows by $12 million, keeping Gladden Farms Phase II infrastructure funding viable despite inflation — the overall $60M authorized ceiling doesn't change.
Gladden Farms Phase II residents and future homeowners benefit from continued infrastructure funding, and the developer gains financial flexibility.
District property owners carry the debt through their secondary property taxes if assessed values decline sharply.
Mentions & discussions (2)
Gladden Farms II Community Facilities District — September 1, 2026
The district is selling up to $5.6 million in general obligation bonds to pay the developer back for roads, utilities, dog parks and landscaping already built. Homeowners in the district pay this off through a secondary property tax that has stayed at $2.50 for about 20 years. Officials say the district's growing tax base and a $1.5 million letter of credit protect against a rate spike.
Gladden Farms II Community Facilities District — April 21, 2026
The district's development agreement now allows $32 million in developer bonds instead of $20 million, reflecting higher construction and infrastructure costs since 2008. The total voter-authorized capacity stays at $60 million, and debt can be issued through 2034 under an agreement running to 2059.
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