Bonded Districts

The City of Oxnard established Community Facilities District No. 1 (Westport at Mandalay Bay) (the “CFD”) in 2000 to finance the cost and expense of providing public facilities to the CFD. The funded improvements authorized by the CFD were Wooley Road street improvements, Wooley Road storm drain and water improvements and channel improvements. This is a bonded district with final maturity of 9/1/2033. Prepayments on this bond are allowed and a quote can be requested by contacting the Special Districts Division.

Annual Reports

Formation Documents

Community Facilities District No. 3 (Seabridge at Mandalay Bay) was established in 2004 to finance the cost and expense of providing certain public facilities. The proposed improvements for the Seabridge development include: the construction, purchase, modification, expansion, improvement or rehabilitation of waterways, all or a portion of streets and roads, sanitary sewer facilities, water facilities, storm drain facilities, landscaping, public boat docks and parks, and all appurtenances and appurtenant work in connection with the foregoing including fee facilities and related fees.

The improvement project also consists of certain public facilities to be constructed by the City and other improvements to be constructed by the Oxnard School District. This is a bonded district with final maturity of 9/1/2035. Prepayments on this bond are allowed and a quote can be requested by contacting the Special Districts Division.

Annual Reports

 

Formation Documents

Assessment District No. 2000-1 (Oxnard Boulevard/Highway 101 Interchange) was established in 2000 and bonds were issued in 2003 to finance freeway interchange improvements at Oxnard Boulevard. The District is part of a coordinated financing solution to provide approximately $113.5 million of infrastructure improvements known as the Vineyard Avenue-Johnson Drive Freeway Improvement Project. The improvements consist of the following four major components: (a) a new 12-lane bridge on Highway 101 over the Santa Clara River; (b) extra lanes to Highway 101 between Vineyard Avenue and Montalvo railroad spur crossing; (c) an elevated rail grade crossing at Johnson Drive; and (d) a freeway interchange at Oxnard Boulevard.

Oxnard Boulevard/Highway 101 Interchange is a bonded district and matures with final maturity of September 2, 2033. Early payoff is available and a quote can be requested by contacting the Special Districts Administrator.

Annual Reports

Formation Documents

Assessment District No. 2001-1 (Rice Avenue/Highway 101 Interchange) was established in 2002 and bonds were issued to finance improvements generally consisting of a new 8-lane over-crossing, northbound and southbound on-ramps and off-ramps connecting to U.S. Highway 101, Ventura Boulevard realignment, traffic signals at each ramp, landscaping, irrigation, decorative lighting and railing, public art, sidewalks, curbs, gutters, and pedestrian and bicycle paths. The improvements include all required rights-of-way and easements, and will be constructed, acquired and/or installed in accordance with the plans and specifications.

The Rice Avenue/Highway 101 Interchange is a bonded district with final maturity of 9/2/2032. Early payoff is available and a quote can be requested by contacting the Special Districts Division.

Annual Reports

Community Facilities District No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) was established in 2000 and bonds were issued in 2003 to finance freeway interchange improvements at Oxnard Boulevard. The district is part of a coordinated financing solution to provide infrastructure improvements which are known as the Vineyard Avenue Johnson Drive Freeway Improvement Project. The four major components of the project include a new 12-lane bridge on Highway 101 over the Santa Clara River, extra lanes to Highway 101 between Vineyard Avenue and Montalvo railroad spur crossing, an elevated rail grade crossing at Johnson Drive, and a freeway interchange at Oxnard Boulevard. The improvements are expected to relieve traffic congestion on Highway 101 to Oxnard Boulevard in the vicinity of the district and improve access to businesses and surrounding areas.

The Oxnard Blvd. & 101 Interchange is a bonded district with final maturity of 9/1/2032. Early payoff is available and a quote can be requested by contacting the Special Districts Administrator.

Annual Documents

Formation Documents