The County of Orange Executive Office, Budget and Finance Office, hereinafter referred to as “County”, is seeking proposals from qualified firms with expertise and experience to provide economist services related to the County’s long-term financing programs and potential future financings. The County’s long-term financing programs, managed by the Budget and Finance Office, includes land-secured financing for Community Facilities Districts (CFD) and Assessment Districts (AD). The CFDs and ADs provide a means of financing construction of public facilities and infrastructure for developing areas. The underlying security for these financings is the land and, therefore, market absorption studies are required in accordance with applicable California law, the California Debt and Investment Advisory Committee recommendations, and County policy. The County is preparing for the potential formation and financing of one or more CFDs in the Rancho Mission Viejo development. Upon buildout, the Rancho Mission Viejo development, located in an unincorporated area of southern Orange County, near the existing master-planned communities of Ladera Ranch and Coto de Caza, will consist of residential units, apartment communities, retail stores, K-8 schools, daycare facilities, parks, trails and community recreation space. A substantial portion of the development has been completed through the formation and financing of County of Orange Community Facilities Districts 2015-1, 2016, 2017-1, 2021-1 and 2023-1. It is expected that multiple CFDs will be formed in Ranch Mission Viejo and bonds will be issued to fund facilities within the development.
