Northwest Rocklin Annexation Area – Public Facilities Financing Plan
Client: City of Rocklin
Keyser Marston was retained by the fast-growing City of Rocklin to analyze the economic implications to affected property owners of a Public Facilities Financing Plan prepared by Economic & Planning Systems (EPS). The property, known as the Northwest Rocklin Annexation Area, is comprised of roughly 1,700 acres of rolling unimproved land bordering Highway 65 on the west and the City of Lincoln on the north. It is proposed to include over 4,000 housing units, 360 acres of commercial uses, schools, and community parks. The Public Facilities Financing Plan includes over $130 million in backbone infrastructure and other public improvements, while also utilizing a combination of pay-as-you-go funding mechanisms (such as development impact fees), multiple Mello-Roos CFD bond issues, private developer funding, and interim financing from the city and county. The plan also relies upon agreements to reimburse early developers for over-sizing infrastructure, and upon fee credits to reduce the overall cost burden on property owners.