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COMMUNITY FACILITIES DISTRICT (CFD) <br />The City will create a CFD with the power to levy <br />special taxes <br />Special taxes will pay for acquisition of levee <br />improvements and maintenance of the levee and <br />Seaport Centre wet utilities <br />15 -year facilities tax will finance levee acquisition <br />Maintenance tax will finance levee &wet utility <br />maintenance in perpetuity <br />Maintenance District no longer needed <br />We expect property owners will pass cost of taxes <br />on to tenants <br />Redwood <br />6 of 10 city ,�,o» <br />