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<br />General Improvement District 1"964 Bon.ds Funds - These.funds account for bonds authorized by a <br />special vote of the .property. owners on. June 16. 1964,. for the. purpose of developing approximately 4,500 <br />acres of land fronting the. San Francisco Bay. Bonds authorized for land'reclamation,are secured by ad. <br />valorem assessments on. land 'only while' bonds authorized for facilities are secured: by ad valorem <br />asses~mentc; on 'land and'improvements. Within this district; values are. determined as of January l.by an <br />appraiser en.gaged'by the City., The CitY Council determines the tax . rate to be charged for the ensuing <br />year. ~d by agreement, the County of SanMate~ conects these.assessments on its,:general property tax <br />bills. . . <br /> <br />. . <br />,. · Public Financing Authority Bonds Fund -. This fund was; created in 1991 as a financing mechanism to. . <br />... provide for the defeasement of-the Facilities. and .lnfrastructUre Authority. bonds (issued in 1986) and for <br />. . funds :10. construct a new ..police ,fa~ility. . Lease/leaseback bonds were issued in July 1991 and were ' <br />., : completely refunded in fiscal yeac2003/04 through the issuance; of 2003 Public .~inancing Authority <br />" . bonds. The 2003 bonds 'were issued for the refunding and to provide funding for new projects: These <br />bonds are ..guaranteed by :lea,se. payments from .the City. The City Council sits as the Authority's <br />governing board. .!' . . . . <br /> <br />1997 T;u: Allo~ationRefundiDg Bo~ds Fund - This fund .acco~nts. for bonds issued in 1997 to prep~y a : <br />. . loan received by the Redevelopmeni ;Agency from the Redwood City Public Firiancing AuthoritY, which . <br />'. : in turn used the p~oceeds to defease tlle,Public Finan~ing Authority.Series B bonds. . <br /> <br />20~3 Tax: Allocation. Bonds Fund- .-This fund-'accounts for bonds issued in 2003 tefinance' various <br />: .. : downto~ .impro~ements.. .. <br /> <br />1998 Lease .Revenue Refunding Bonds Fund - this fund'acco~ms for bonds is~ued in 1998 to advance.; <br />refund a portion of the Public Financing. Authority bonds issued. in :1991. . .,. .. <br /> <br />1998 City.Hall L~ase Rev~nue Certific~tes :of Participation Fund -'lbis fund.~~counts for certificates. <br />.. of participation issued .:in' 1998 to reimburse. the City for the cost of constructing the :new City Hall that <br />was completed in AugUst 1997. . <br /> <br />. . <br />. . . <br />, '", <br />. . . . <br />. CAPITAL PROJECTS FUNDS <br /> <br />Capital.proJects f~ds: are ~stabhshed .tc; .a~count. for resources: Used f~r theacquisi~ion and construction <br />of capital ;,facihties by the 'City }~xcept, for those financed by: the proprietary. fund~i or special revenue <br />. funds., Funding for thes~ projects is proVided by the general: fundi.and by special 'ass~ssment districts. <br />Currently the City has ,the: following funds:. : . ,. . ' <br /> <br />. . <br /> <br />Facilities. Fee Construction .F;:urid - This fund :derives its rev~ue . from , f~es : collecte~ . from the <br />. developers in .the. Redwood Sh,!res area. . Funds are. used for improvements to:roads',: drainage, water, <br />.: traffic ligl:tts,canals, etc. in the area. ' . <br /> <br />Getier~l' Improvement ,. District (GID) , ~:9,6S ;Constructiop. Fund: -:--.. This f~d.: accounts for general <br />improvement bonds issued to finance the~.drainage: improvements, water line improvements, and sewage <br />IineiInprov~n:tents in the district, area. . ';. <br /> <br />. . . . <br />.. , <br />,. Parks Impact ];~ce'Fund - This .;fund accounts for parks impact fees charged to developers on new <br />. : development. projects. to enable the city to ..'expand and improve its system of parks, parkland" and <br />:: recreational facilities to provide. servic~s to futiJre development. .. <br /> <br />: . . :..:." . . :. .:.. . <br /> <br />. Shores: Transportation Improvement District :Fund....:. This:, fund accounts. for community facility <br />. district bonds that w~re issued and developer contributions that were. teceived by;.the .city..to'fund various <br />transp~rtation. proj-ectsjn the. Redwood Shores area.. ,:- , , :, ' <br /> <br />. . <br />. . . <br />Pacific Shores Community Facilities, District Fund - This fund .accounts. for the: v~rious transpOrtation <br />. system improvements within the City's right-of-way in the: Pacific Shores district that'are financed by. <br />.. commUnity facilities district bond~ . <br /> <br />73. ., <br /> <br />!"j <br /> <br />.... <br />.. , <br />