Medium PriorityTaxes Budgetopen
Sorrento Village CFD 2005-1 Bond Refunding
Summary
The city is refunding older bonds for Sorrento Village to lower interest rates, saving 497 homeowners an average of about $1,600 over the remaining life of the loan.
At a glance
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Impact analysis
💰Financial impact
Saves 497 homeowners approximately $1,600 on average over 16 years.
✅Who benefits
Homeowners in Sorrento Village who will see a reduction in their annual special tax levies.
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