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INVESTMENT IN I-COMMUNITY FACILITIES DISTRICT 17 CHULA VISTAWESTERN
COMMUNITY FACILITIES DISTRICT 17The obligation goes with the land and is secured by a lien•subsequent 20 years.Fees are deferred for 10 years and payments are made for the •Development
Impact FeesI allows developers to defer certain -Annexation into CFD 17•high construction costs and high equity requirements by lendersInfill redevelopment projects are financially
challenging due to •Created in 2016 to induce investment in Western Chula Vista•I-
COMMUNITY FACILITIES DISTRICT 17which in turn supports neighboring restaurants and retailersNew housing in western Chula Vista adds “feet on the streets” •$4 million in interestApproximately
$10m of fees have been deferred and will earn •generating an investment of over $100 million–projects family units in six -The program has helped to create 516 multi•Date-Activity ToI
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INVESTMENT IN 26 units43 units62 unitsunits135 80 unitsunits170 I).-(CFD 17Vista Community Facilities District annexation into the Western Chula This area is potentially eligible for
CHULA VISTAWESTERN
EXAMPLE I-COMMUNITY FACILITIES DISTRICT 17 PROJECTS
THE BROADWAY COSTSCONSTRUCTION $11.4M 61 UNITS 260/270 BROADWAY
230 CHURCH STREET COSTSCONSTRUCTION $6.65M 31 UNITS
BACKHOUSE @ COSTSCONSTRUCTION $6.7M 31 UNITS CHURCH & DAVIDSON
VILLA DE ORO COSTSCONSTRUCTION $24.3M 83 UNITS 986 BROADWAY
COMMUNITY FACILITIES DISTRICT 17annexedCouncil review required when 500 total additional units are •March 2026–Extend program for an additional 5 years •PROPOSAL:Over 200 units in any
one year per year required Council review•2021expires March –Originally approved for a period of five years •Proposed ExtensionI -