Community Facilities District Committee
About the Committee:
In August 2020, the Board of Trustees adopted resolutions establishing the Altadena Library District Community Facilities District (CFD) and deeming it necessary for the CFD to incur a bonded indebtedness to finance capital improvements of certain public facilities if approved by the community in a special election. Measure Z was approved by the community in the November 2020 election by over a 2/3 majority vote, which authorizes the CFD “to levy $0.10/square foot for single-family residences annually, with different rates for other property types, raising approximately $2,600,000 annually until ended by voters; bond issuance/appropriation limit of $24,000,000; requiring oversight/audits, low-income exemptions, and all funds staying local,” (www.altadenalibrary.org/MeasureZ).
The CFD Committee is a standing Committee that meets quarterly. It has provided guidance to the full Library Board for the selection and oversight of the following essential CFD services:
- Bond issuance team and debt structure.
- Bond and Disclosure Legal Counsel
- Municipal Advisor
- Special Tax Consultant and Dissemination Agent
- Fiscal Agent
In its on-going role, the Committee:
- Monitors the short-term investment of bond proceeds
- Provides feedback on the capital improvement projects
- Supports the solicitation of community feedback throughout the process.
Meetings are available to the public via live stream on the Altadena Library YouTube channel during COVID-19 restrictions.
Upcoming Meetings:
CFD Committee
TERRY ANDRUES
Committee Chair, Trustee
tandrues@altadenalibrary.org
BOON LIM
Trustee
blim@altadenalibrary.org
DOUG COLLIFLOWER
Community Member
Consultant Team
Urban Futures, Inc.
Municipal Advisory Services
Best Best & Krieger LLP
Bond Counsel
NBS Government Finance Group
CFD Administration
Hilltop Securities
Bond Underwriting Services
Staff Support
NIKKI WINSLOW
District Director
nwinslow@altadenalibrary.org
Meeting Materials:
Building Timeline
A timeline of historical building projects, assessments, and efforts to gather community feedback can be found on our Building Projects page at www.altadenalibrary.org/buildingprojects.
Tax Exemption
For more information about if you qualify for a tax exemption, please contact District Director Nikki Winslow at nwinslow@altadenalibrary.org or (626) 798-0833 x103.
Frequently Asked Questions