On December 16, 2002, the City Council adopted resolution no. 02-C142 establishing the formation of the Mountain Cove - Community Facilities District #2002-1. The City Council issued tax-exempt bonds in the amount of $8,980,000 to facilitate the infrastructure and development of the Mountain Cove community.
The City facilities and services that are financed and constructed utilizing the proceeds from the sale of these bonds were: the roads, sewer, utilities, bridge(s), sidewalks, street lights, flood control services, police and fire protection services.
The Mountain Cove community is comprised of approximately 327 single family residences that are split into three distinct developments: the Wildwoods, the Sagewoods, and the Copperwood.
For more information please contact Susan Paragas, Director of Finance at (626) 812-5202.
This document is being provided for informational purposes only.
The special taxes relative to the Community Facilities District (CFD) are determined by the City Council. All of other taxes or charges levied are determined through the Los Angeles County Assessor’s Office.