ApprovedOther

Skyborne — CFD 2025-2, Improvement Area 1 bond issuance

Description

The council signed off on issuing up to $10 million in bonds for the 286-home Lenar development at Skyborne, which Lennar expects to finish by February 2028 — and Lennar reportedly wants to annex future villages and keep building there.

Impact summary

Bond money funds roads, parks, and water/sewer facilities that turn over to the city or the water district — paid for by special taxes on the Skyborne homes, not the general fund.

Applicant

Name
Lennar (via Urban Futures presentation)

At a glance

Hearings
1
Public comments
0
Total mentions
1

Last vote · City Council

Approved5–0, unanimous

Last discussed Jun 2, 2026.

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