Fontana, California

Empire Center

CFD No. 22 was approved by the CFD’s registered voters and subsequently issued $37,365,000 in bonds to finance the refunding of the defaulted City of Fontana’s CFD No. 90-3 (Empire Center) bonds originally issued in 1991. CFD No. 22 encompasses 489 acres in southern Fontana and is a mixed-use district proposed for residential, commercial, and light industrial purposes. DTA established five tax rate zones with varying special tax levels corresponding to the distinct land use activities occurring with respect to the land use in each zone. At the time of bond sale, two of these tax rate zones were substantially developed, while the other three were undeveloped and intended for future industrial, commercial, and residential uses.  DTA has also established nine additional CFDs for the City.