Thursday, November 23, 2006

San Clemente - Marblehead Coastal

Special Tax Proposed for Marblehead Coastal, a 248-acre community taking shape in San Clemente.

A Community Facilities District would be formed to pay up to $60 million for bond-financed infrastructures.
  • Four parks
  • A canyon preserve
  • Miles of hiking trails
  • Two bridges
  • A widening of two existing streets - El Camino Real & Pico
  • A state of the art urban runoff diversion system
  • $600,000 to build a specialty playground in one of the parks
  • $900,000 to use synthetic turf on one of the three soccer fields
  • $750,000 to help fund a conference center in a Marblehead Coastal hotel
Homeowners, 313 homes are planned to be built, would pay $6,000 to $15,000 per year, for 35-years.

The annual tax on non-residential property would be $112,834 per acre.