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NEW COMMUNITY FACILITIES DISTRICT <br />With 2/3rds property owner approval the City will <br />have the authority to incur debt payable from <br />special taxes levied in the CFD <br />Special taxes will pay for acquisition of levee <br />improvements and maintenance of the levee and <br />Seaport Centre wet utilities <br />Property owners are expected to pass cost of taxes <br />on to tenants <br />Redwood <br />6 of 9 city �,��» <br />