BEAUMONT S PIONEERING CFD

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1 BEAUMONT S PIONEERING CFD Prepared for Beaumont City Council Prepared By Development Services Department Comprehensive Infrastructure Development

2 What is Beaumont s CFD? The CFD is part of Beaumont s Comprehensive Public Infrastructure Development Program CFD s and Assessment Districts Area Benefit Districts and Mitigation Fees Redevelopment Areas, Grants and Loans Cooperative Agreements with other Public Agencies The CFD is used by the City Council to manage growth and mitigate public infrastructure impacts in accordance with the General Plan The CFD uses a Special Tax to fund public infrastructure and services needed to support growth and development The CFD is citywide and prevents infrastructure lag associated with typical fee programs

3 How did Beaumont s CFD Start? Sewer Moratorium Raw Sewage in the Streets No New Schools or Parks Water District Litigation Dilapidated Water System No Imported Water Minimal/No New Commercial Centers Substandard Street System In 1993, Beaumont had severe public infrastructure deficiencies, while expecting rapid growth Beaumont needed new ways to mitigate growth problems commonly found in typical fast growing communities Beaumont needed to make sure new development was balanced and paid it s Fair Share of public infrastructure costs Beaumont wanted to build facilities in advance of growth impacts Beaumont entered into Development Agreements with major landowners that required Fair Share contributions and CFD participation

4 How does Beaumont s Pioneering CFD Work? 1993: The CFD was founded by 11 major property owners who voted to pay a Special Tax and jointly fund public facilities 1994: CFD Bonds secured by vacant land were issued to help fund a new treatment plant needed to support new development 2000: New Improvement Areas began to be formed and bonds were issued for facilities as growth and development proceeded 2015: There are 24 Improvement Areas and several subareas which have funded over $251 Million in public facilities

5 What are CFD Requirements? Properties are annexed to the CFD as individual Improvement Areas are formed Improvement Areas must have approved land use entitlements and CEQA clearance to proceed The City Council and property owners determine the Fair Share contribution required to fund needed infrastructure through fees, special taxes, bonds and direct construction Public hearings and property owner elections are required to form Improvement Areas, impose and levy special taxes, and sell bonds

6 What does the CFD Fund? Municipal Bonds are issued and sold to fund Critical and Joint Facilities that have a 5 year minimum life and benefits that extend beyond Improvement Area boundaries Critical Facilities benefit the entire CFD Joint Facilities benefit more than one CFD Improvement Area Critical and Joint Facilities include: Water Facilities Sewer Facilities Transportation Facilities Park and Civic Facilities Planning, Engineering and other Soft Costs

7 CFD Funding Summary Since 1993: $251 Million in Facilities Financed 24 Bond Series $9.2 Million Remaining Funds $9.2 Million 4% $12.5 Million 5% $36.4 Million 14% $54.5 Million 22% CFD Financed Facilities $50.9 Million 20% $41.7 Million 17% $45.8 Million 18% Transportation Facilities Sewer Facilities Water Facilities Park and Civic Facilities Remaining Funds Facilities Financing Costs Facilities Engineering and Soft Costs

8 CFD Sewer Facilities $45.8 Million Funded to Date $98 Million Future Funding Treatment Plant Expansion Salt Mitigation Facilities Trunk Mains Force Mains Lift Stations

9 What was Built 1993 to Now! Sewer Facilities Treatment Plant Expansion 1.5 MGD Treatment Plant Expansion 2.0 MGD Treatment Plant Expansion 4.0 MGD Treatment Plant Upgrades Noble Creek Sewer Elm Avenue Interceptor Sewer Upper Potrero Sewer System Lower Potrero Sewer System San Timoteo Sewer 30 Southern Trunk Main 24 Western Trunk Main 30 Northern Trunk Main First Street Force Main Vacation Eighth Street Septic Tank Vacation K-Mart Lift Station Vacation Industrial Park Lift Station Industrial Infrastructure Sewer Street and Sewer Rehabilitation

10 CFD Water Facilities $41.7 Million Funded to Date State Water Project Supplies Wells and Pump Stations Reservoirs Water Mains Recycled Water Mains Recharge Basins

11 What was Built 1993 to Now! Water Facilities Oda Spreading Grounds STWMA Projects Taylor Reservoir Union and Hannon Reservoir Vineland Reservoirs Cherry Avenue Reservoirs and Upgrades Palm Avenue Well Upgrades Well No. 23 Well No. 24 Well No. 25 Well No. 26 Potable Water Transmission Mains Recycled Water Transmission Mains Heartland Monitoring Well San Timoteo Monitoring Wells Dowling Orchard Outfall Sundance Recharge Basin No. 1

12 CFD Transportation Facilities $50.9 Million Funded to Date $250 Million Future Funding Oak Valley Parkway Highland Springs Avenue Potrero Boulevard First Street Viele Avenue Interchanges

13 What was Built 1993 to Now! Transportation Facilities Oak Valley Parkway Noble Creek Bridge Replacement Oak Valley Parkway Widening and Extension First St. Widening and Extension Potrero Boulevard San Timoteo Creek Bridges Potrero Boulevard Potrero Creek Bridge Ring Ranch Road Extension Cougar Way Widening and Extension SR 79/I-10 Traffic Signal Interconnect Brookside Avenue Bridges First St./Highland Springs Ave. Intersection Viele Avenue Widening and Extension Pennsylvania Avenue Widening Highland Springs Avenue Widening SR 79/First Street Intersection Potrero Boulevard Interchange PSR/PR/PS&E Highland Springs Avenue Interchange PSR/PR Pennsylvania Avenue Interchange PSR/PR SR 79/I-10 Interchange PSR/PR Oak Valley Parkway Interchange PSR/PR

14 CFD Parks and Civic Facilities $12.5 Million Funded to Date $38 Million Future Funding Sports Park and CRC Civic/Public Safety Facilities Olympic Pool Commercial Centers Multipurpose Trails

15 What was Built 1993 to Now! Parks and Civic Facilities Beaumont Sports Park Community Recreation Center Beaumont High School Pool Noble Creek Park Base Camp Stewart Park Upgrades DeForge Regional Park Noble Creek Park North Beaumont Multipurpose Trails Potrero Creek Multipurpose Trail Marshall Creek Multipurpose Trail Ring Ranch Park Sundance Parks Stetson Park Mirasol/Canterberry Park Palmer Park Treveno Park Oak Valley Park Sunny Hills Park

16 CFD Advanced Mitigation Fees $31 Million in Mitigation Fees Funded in Advance Water and Sewer Fees Road and Bridge Fees Parks and Civic Facilities Public Safety Fees

17 Future Presentations Detailed List of CFD Facilities Continuing Disclosure Manual Benefits of Refunding Existing Issues Optional Step-by-Step Costing