City of Redwood City, California

One Marina

DTA provided tax consulting services to the City of Redwood City for the establishment of CFD No. 2010-1 (One Marina).  Bonds for this CFD were issued in April 2011, totaling $5.76 million, resulting in $4.2 million in construction proceeds to fund public infrastructure improvements required by the City for the One Marina Project.  DTA has been retained by the City to provide annual administrative services and to monitor development to ensure that the amount of special taxes generated for the CFD is at least equal to or more than the special taxes anticipated to be generated for CFD upon the issuance bonds.