Burbank, California

The Collection

DTA was the Special Tax Consultant to the City of Burbank for the formation of CFD No. 2005-1 (The Collection). The CFD issued $6.155 million in bonds to fund the public portion of a parking structure. The taxable property within the CFD includes approximately 42,000 square feet of restaurant and retail space. The debt service on the bonds is being paid with redevelopment tax increment revenues from the project, with special taxes as an additional source of security.