SPECIAL FUNDS
Fund 205: CFD 2004-1 CENTRAL PARK This fund accounts for the construction of improvements in Community Facilities District (CFD) 2004-1, Central Park, located at the northwest corner of Jamboree Road and Michelson Drive. The bonds were issued in July 2015 to fund public improvements which include street widening, utility relocation, and other related elements to mitigate the impact of development on the surrounding Irvine Business Complex area. The CFD also provided partial funding for the Jamboree pedestrian bridge, located at the Jamboree/Michelson intersection. The remaining funds will fund park and IBC fees as development occurs within the CFD boundaries.
Fund 206: AD 84-6 / 89-10 WESTPARK ASSESSMENT This fund accounts for construction activities associated with Assessment Districts 84-6 and 89-10 (Westpark). The remaining funds are designated for traffic signal upgrades. Following completion of these projects, City staff will proceed with closing this fund.
FY 2019-21 Proposed Budget
341
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