Debt Management
THIS SECTION is intended to provide information concerning the debt service policies and long-term debt obligations of the Town.
Long Term Debt Policy - At its meeting of May 20, 2008, the Yountville Town Council, through Resolution No. 2674-08, adopted a policy pertaining to the use of long-term debt. The use of debt is for financing capital infrastructure or unusual equipment purchases, and annual debt service payments may not exceed 25 percent of General Fund operating revenues.
Direct & Overlapping Tax & Assessment Debt - Included here are annual Overlapping Debt Statements (ODS) of the proportionate share of the general obligation bonds and other debt instruments of the local government entities - either located wholly within the limits of the Town, or in part (e.g, the Napa Valley Unified School District, the Napa Joint Community College District, the Napa County Board of Education) - that must be borne by the property owners of the Town.
General Obligation Debt - At this time, the Town has issued no debt that is a general obligation of the property owners of Yountville.
Current Debt Service Obligations
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2004 Measure A funded Floodwall Project - Our current debt service is associated with construction of the floodwall around the circumference of the Mobile Home Parks at the south/east boundary of the Town. This debt is secured with the Town's portion of the 1/2 cent Measure A. Sales Tax. The debt for the floodwall will be paid off by 2018, which coincides with the end-date of the Napa County Measure A 1/2-cent sales tax.
