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HomeMy WebLinkAbout1990-247 01 RESOLUTION NO. 90-247 2 3 RESOLUTION OF THE CITY OF SAN BERNARDINO 4 A RESOLUTION OF THE CITY OF SAN BERNARDINO ESTABLISHING COMMUNITY FACILITIES DISTRICT NO. 995 (VERDEMONT AREA). PROVIDING FOR A SPECIAL TAX TO PAY FOR CERTAIN PUBLIC FACILITIES WITHIN SUCH COMMUNITY FACILITIES DISTRICT AND CALLING A SPECIAL ELECTION TO SUBMIT TO THE QUALIFIED ELECTORS WITHIN SUCH COMMUNITY FACILITIES DISTRICT THE QUESTION OF LEVYING SUCH SPECIAL TAX 5 6 7 8 9 10 WHEREAS, the Common Council (the "Common Council") II of the City of San Bernardino ("the City") has heretofore on 12 April 16, 1990, duly adopted Resolution No. 90-140 declaring 13 its intention to establish a community facilities district 14 under and pursuant to the terms and provisions of the 15 "Mello-Roos Community Facilities Act of 1982" (the "Act"), 16 being Chapter 2.5, Part 1, Division 2, Title 5 of the 17 Government Code of the State of California, and calling a 18 public hearing on the question of the establishment of such 19 community facilities district, which such community facilities 20 district was designated as "City of San Bernardino Community 21 Facilities District No. 995 (Verdemont Area)" (the "Community 22 Facilities District"); and 23 WHEREAS. prior to the time for such hearing, in 24 accordance with said Resolution No. 90-140, a report on such 25 proposal prepared by, or at the request of, the City 26 Administrator of the City entitled "Public Report for 27 Community Facilities District No. 995 (Verdemont Area) for the 28 City of San Bernardino" and dated May 21, 1990 (the "Public 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Report"), was filed with the Common Council of the City, and such report was filed with the City Clerk of the City and made a part of the record of the hearing on said Resolution No. 90-140; and WHEREAS, pursuant to said Resolution No. 90-140. a public hearing was convened by the Common Council of the City on May 21. 1990, at the hour of 10:00 o'clock a.m., or as soon thereafter as the matter could be heard, at the regular meeting place of the Common Council. 300 North "0" Street. San Bernardino, California 92418, at which hearing the Common Council considered the establishment of the Community Facilities District, the proposed rate and method of apportionment of a special tax therein, the proposed appropriations limit therefor and all other matters as set forth in said Resolution No. 90-140. and at the above-mentioned time and place for such public hearing, all persons interested, including all taxpayers, property owners and registered voters within the Community Facilities District, were given an opportunity to appear and be heard, and the testimony of all interested persons or taxpayers for or against the establishment of the Community Facilities District and the levy of such special tax, or the extent of the Community Facilities District, or the type and extent of the facilities to be included in the Community Facilities District, including the payment of an infrastructure development fee (the "Fee") to provide for the acquisition, construction and installation of certain public facilities, including full-width street improvements, including full-width 2 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 paving, curbs and gutters, sidewalks, street lights, sewer mains, storm drains, catch basins, together with auxiliary structures and appurtenances, including the acquisition of all necessary easements and rights-of-way, and to provide school facilities, to serve the development within the Verdemont Area of the City of San Bernardino (the "Facilities"), or the establishment of an appropriations limit therefor, or any other matters set forth in said Resolution No. 90-140, was heard and considered, and the Common Council at the conclusion of said hearing was fully advised in the premises, and was authorized to proceed as hereinafter provided; and WHEREAS, the Common Council has received an amended map of the Community Facilities District (the "Amended Map") in the form attached hereto as Exhibit B, which deletes Tract No. 13603 from the Community Facilities District, and does not increase the special tax to any remaining parcel within the Community Facilities District; and WHEREAS, on the basis of all of the foregoing, the Common Council has determined at this time to proceed with the establishment of the Community Facilities District as provided by said Resolution No. 90-140 encompassing the land area shown on the Amended Map and to submit to the qualified electors of the Community Facilities District the proposition in substantially the form attached hereto as Exhibit A, in a duly called election, to authorize the levy of a special tax pursuant to the Rate and Method of Apportionment of Special Tax and to pay for the Facilities proposed to be provided for the Community Facilities District as described in Exhibit B to 3 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 1\ 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Resolution No. 90-140; NOW. THEREFORE. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: Sectio~l. All of the above recitals are true and correct. Section 2. The Common Council hereby approves and adopts said Resolution No. 90-140. including the description of Facilities and the Rate and Method of Apportionment of Special Tax and of the manner of collection of the special tax. as published prior to the public hearing as required by law. and reconfirms all of its findings and determinations contained in said Resolution No. 90-140. and the Common Council also approves the boundaries of the District as revised to eliminate Tract No. 13603 and more particularly described in the Amended Map. and the special tax in and for the Community Facilities District shall be as set forth in the Rate and Method of Apportionment of Special Tax and the boundaries of the Community Facilities District shall be as set forth in the Amended Map. both in the form attached hereto and incorporated herein and made a part hereof. SectiQ~. The Common Council finds and determines that written protests to the establishment of the Community Facilities District. or the extent thereof. or the acquisition. construction and installation of the Facilities. or the levy of the special tax proposed to be levied in the Community Facilities District. are insufficient in number and in amount under the Act. and the Common Council hereby further orders and determines that all protests to the establishment 4 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 of the Community Facilities District, or the extent thereof, or the type of extent of the Facilities, or the establishment of an appropriations limit, or the levy of the special tax proposed to be levied in the Community Facilities District, are hereby overruled and denied. Section 4. Consistent with Section 53325.6 of the Act, the Common Council finds and determines that the land within the Community Facilities District, if any, devoted primarily to agricultural, timber or livestock uses and being used for the commercial production of agricultural, timber or livestock products will be benefited by the Facilities proposed to be provided within the Community Facilities District. secliQ~. The Common Council finds and determines that all prior proceedings had and taken by the Common Council with respect to the formation of the Community Facilities District are valid and in conformity with the requirements of the Act, and the Common Council determines to proceed to establish the Community Facilities District. AccordinglY, the Common Council finds, determines and orders that, consistent with said Resolution No. 90-140, the Community Facilities District is hereby formed under and pursuant to the terms and provisions of the Act, the boundaries of which are as set forth on the Amended Map, filed with the City Clerk and to be filed in the Office of the County Recorder of the County of San Bernardino pursuant to Section 10 hereof. ~~~~io~. A general description of the Facilities which the Common Council is authorized by law to provide 5 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 within the Community Facilities District, is set forth in Exhibit B to Resolution No. 90-140, and the Common Council hereby finds and determines that such Facilities, including the payment of an infrastructure development fee representing certain public facilities, are necessary to meet present or increased demand placed upon the City as a result of existing or projected development within the Community Facilities District. S~ction-1. The office which will be responsible for preparing annually a current roll of special tax levy obligations by assessor's parcel number and which will be responsible for estimating future special tax levies pursuant to Section 53340.1 of the Act is the Office of the City Treasurer, which is further directed to establish procedures to promptly respond to inquiries concerning current and future tax liability. ~~Q~ion 8. Except where funds are otherwise available, a special tax sufficient to pay for all the Facilities, secured by recordation of a continuing lien against all non-exempt real property in the Community Facilities District, including the payment of interest on and principal of bonds proposed to be issued to finance the Facilities and including the repayment of funds advanced to or on behalf of the Community Facilities District, annual administration expenses of the City and the Community Facilities District in determining, apportioning, levying and collecting such taxes, will be levied annually within the boundaries of the Community Facilities District. For 6 2251c5 06/12/90 RESOLUTION E~TABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 particulars as to the Rate and Method of Apportionment of the Special Tax and the manner of collection of the special tax, reference is made to Exhibit C hereof which sets forth the rate and method of apportionment and the manner of collection of such special tax in sufficient detail to allow each landowner or resident within the Community Facilities District to estimate the maximum amount that such person will have to pay for the Facilities. Secti2R-~. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code of the State of California (the "Code"), a continuing lien to secure each levy of the special tax shall attach to all non-exempt real property in the Community Facilities District and this lien shall continue in force and effect until the special tax obligation is cancelled in accordance with law or until collection of the tax by the Common Council ceases in accordance with the Rate and Method of Apportionment of such special tax. ~~gl~~lQ. Pursuant to Section 53325.5 of the Act and Section 3113 of the Code, the City Clerk is hereby authorized and directed to endorse the Certificate on the Amended Map evidencing the date and adoption of this resolution and is further authorized and directed to file said map in accordance with the provisions of Section 3113 of the Code within 10 days after the approval of the Amended Map which shall be within 10 days of the adoption hereof. SE3QLlP_n__lJ. Since there are fewer than 12 registered voters within the Community Facilities District, 7 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 the levy of the special tax and the establishment of the appropriations limitation shall be submitted to the landowners, as the qualified electors of the Community Facilities District, with each acre or portion thereof within an ownership representing one (1) vote. The requirements of Section 53326 of the Act pertaining to the shortening of time and the requirement for notice having been waived by each landowner, the ballots for the special election shall be distributed by personal or mailed delivery to each of the landowners within the Community Facilities District. Each landowner shall have one vote for each acre or portion thereof that he, she or it owns within the Community Facilities District, as provided in Section 53326 of the Act. Section 12. The City Clerk shall provide certified copies of this resolution, a description and map of the Community Facilities District of sufficient scale and clarity to show the boundaries thereof and the Assessor's parcel numbers for the land therein to the Registrar of Voters of the County of San Bernardino within three business days after the adoption of this resolution, for the purpose of determining that the Community Facilities District contains fewer than 12 registered voters. Sec::~.t9Jl___U. The City Clerk of the City is hereby designated as the election official for the purposes of conducting the election in the Community Facilities District and is hereby requested to take all steps necessary to hold the election in accordance with the Act and these specifications. 8 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ~"LC;.ttQn J4. The Common Counc i 1 hereby submi t s the question of levying such special tax and the establishment of an appropriations limit in the amount of $1,100,000 per fiscal year in connection therewith for the Community Facilities District to the qualified electors within the Community Facilities District, at an election to be held on Wednesday, June 26, 1990, all in accordance with and subject to the Act, all the terms of which shall be applicable to such election. ~~ction 15. The Common Council hereby further directs that the election at which the question of levying such special tax and the establishment of an appropriations limit in the amount of $1,100,000 per fiscal year in connection therewith is submitted to the qualified electors within the Community Facilities District shall be consolidated with the election at which the question of incurring a bonded indebtedness in an amount not to exceed eleven million dollars ($11,000,000) for the Community Facilities District is submitted to the qualified electors within the Community Facilities District, and the question of levying such special tax shall be combined in one ballot proposition with the question of incurring such bonded indebtedness and the question of establishing an appropriations limit for the Community Facilities District, all as provided by the Act: and the Common Council further directs that the resolution adopted by the Common Council declaring the necessity to incur such bonded indebtedness shall constitute the notice of the consolidated election on the combined proposition of authorizing the levy of such special tax, of establishing an 9 2251c5 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRI~T 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 appropriations limit and of incurring such bonded indebtedness. Section _H. The Ci ty Clerk as the election official is authorized to canvass the returns of the election pursuant to Section 23306 of the Elections Code. and the Common Council is thereafter authorized to certify the results of the election at the next regular meeting following the date of the election. pection 17. If two-thirds (2/3) of the votes cast upon the question of levying such special tax are cast in favor of levying that tax. as determined by the Common Council after the canvass of the returns of such consolidated election. the Common Council may levy such special tax within the territory of the Community Facilities District under the Act in the amount and for the purposes as specified in this resolution. Such special tax may be levied only at the rate and may be apportioned only in the manner specified in this resolution, subject to the Act. except that such special tax may be levied at a rate lower than that specified herein. Such special tax may be levied only so long as it is needed to pay for the financing of the Facilities referred to in Section 6 of this resolution, or so long as it is needed to pay the principal of and interest on the bonded indebtedness. together with administrative expenses and other expenses of the Community Facilities District. incurred by the City and the Community Facilities District. / / / / / / / / / 225lc5 10 06/12/90 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRI~T I HEREBY CERTIFY that the foregoing resolution was 2 duly adopted by the Mayor and Common Council of the City of San 3 Bernardino at a meeting thereof, held on _____...t:.e9"Jlla.r 4 the _J.a~. day of __Juna.. 1990, by the following vote, 5 to wit: 6 7 l::9_ldncil MeJ!tl::>iHl;t: ABS'[AI~ l\._Y~.s NAY~ 8 ESTRADA ---X.-_ 9 REILLY _ x.. 10 FLORES _-X__ II MAUDSLEY .---X-. 12 MINOR _--X...... 13 POPE-LUDLAM _...lL- 14 MILLER _--X-- 15 16 ___ hz.@#~/ / 17 City Clerk 18 19 The foregoing resolution is hereby approved this 20 j-'1.(I&/ day of June 1990. 21 22 __)L'-Lc 'l~~ //l.l t tc ( Mdyor Pro Tempore City of San Bernardino 23 24 Approved as to form and legal content: 25 26 James F. Penman City Attorney 27 . BByy L. .. ,.,_1 ~~.. &C5 06/12/90 28 RESOLUTION ESTABLISHING COMMUNITY FACILITIES DISTRICT EXHIBIT A 2 PROPOSITION XXX: Shall City of San Bernardino Community Facilities District No. 995 (Verdemont Area) be authorized to finance certain public facilities, including all or a portion of the Verdemont Area infrastructure development fee, representing the acquisition, construction and installation of full-width street improvements, including full-width paving, curbs and gutters, sidewalks, street lights, sewer mains, storm drains, catch basins, together with auxiliary structures and appurtenances and including the acquisition of all necessary easements and rights-of-way, and school facilities to serve the development within the Verdemont Area of the City of San Bernardino, by incurring a bonded indebtedness in the principal amount of $11,000,000 and shall an appropriations limit in the amount of $1,100,000 per fiscal year in connection therewith be established for the Community Facilities District, and shall a special tax with a maximum rate and method of apportionment as provided in Exhibit C to Resolution No. 90-~ adopted by the Common Council of the City of San Bernardino on June lS, 1990, which is incorporated by reference herein, be levied to pay for such facilities, including the payment of current and future principal of and interest on such bonds and the annual administration expenses of the City and the Community Facilities District in determining, apportioning, levying and collecting the special tax, and including the repayment of funds advanced to or on behalf of the Community Facilities District? 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 EXHIBIT "B" AMENDED BOUNDARY MAP OF COMMUNITY FACILITIES DISTRICT NO. 995 CITY OF SAN BERNARDINO IN THE COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA FlLlO AT REQUEST Of" CITY a.EJIl( 'MIMW.....1HI:8CI.INIIrrM"t'~flfCXllllLllTY fM:IIIII -.cT NO. _ an flf .... ~~ If 1Hr cauwrf flf IMt IIIIlIrl>1Dn U IrAlI Of ~ ,.. ~ AT IOCIC_A_.. IUIPI ", ...--,. .... ClCIII.MTY 'ACIJ'1U"""'1IIWICT AT ,_~ . 1M( CWICI: (Jf _ CDLII'JY.... RIll ~ Of .. .., JlCIIl. ITA. fII ~ I HDII"I' CU'JIfY 1NAT 1tC .,.. MW __ 'JH[ .......u IClUNDAMS OF 1M[ CCIIIMINITY ,ACIl1tD ~ NG. _ at OF 1tC an f1I SNI .... III ~ STAll (If CA&.PtWIIA. ... .....,... IV H CItY cauNCI.. AT A ........ IlU1ING ....... ~ ON 'H DAY (Jf .1110. IV ITS ....u'ICIN JIG. -..- a1'Y (1f SNl ~~.~ PARCEL TRACT OE"UOf'(R NO. NO. ,- 0ClII'C0II:Jf& HCIICI 2 141t.J ....~. Ie. 3 1.-0 . ,..., ~~.JIC. . ,.... .......... - . '3307 .......... - . -~ 7 12711 II 1.)'172 _ INIlU51lID ~ _ 1ll -... Q \jll&....... ... . Exhibit C Page 1 o( 9 EXHIBIT C RATE AND METHOD OF APPORTIONMENT FOR COMMUNITY FACILITIES DISTRICT NO. 995 OF THE CITY OF SAN BERNARDINO (VERDEMONT AREA) A Special Tax (the "Special Tax") shall be levied on and collected from each parcel in Community Facilities District No. 995 in each Fiscal Year, commencing July 1, 1990, in an amount determined by the City Council of the City of San Bernardino through the application of the appropriate Special Tax for "Developed Property" and "Undeveloped Property" in Special Tax Area A, Special Tax Area B, Special Tax Area C and Special Tax Area D, as described below. All of the property in the District, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided. A. DEFINITIONS The terms hereinafter set forth have the following meanings: "Act" means the Mello-Roos Community Facilities Act of 1982, being Chapter 2.5, Division 2 of Title 5 of the Government Code of the State of California. "Assigned Special Tax" means the Special Tax for each Land Use Class, as determined by reference to Table I of Section C below. "Attached" means Developed Property which contains a structure or structures, made of two or more units that share common walls. "Backup Special Tax" means an amount equal to $.144 per square foot of Assessor's Parcel for Special Tax Area A, $0.163 per square foot of Assessor's Parcel for Special Tax Area B, $0.139 per square foot of Assessor's Parcel for Special Tax Area C and $0.155 per square foot of Assessor's Parcel for Special Tax Area D applicable to each parcel of Taxable Property within each Special Tax Area in Fiscal Year 1990-91. "City" means the City of San Bernardino. "Council" means the City Council of the City of San Bernardino. "Developed Property" means all Taxable Property in the District as of July 1 of any year for which Exhibit C 'Page 2 of 9 a foundation building permit has been issued as of March 1 of the prior Fiscal Year, but not prior to March 1, 1990. "District" means Community Facilities District No. 995 of the City of San Bernardino. "Facilities" means any improvements or facilities designated by the Council with an estimated useful life of five years or longer which are eligible for financing under the provisions of the Act. "Fiscal Year" means the period starting July 1 and ending the following June 30. "Land Use Class" means any of the categories listed in Table I of Section C below to which a parcel is assigned consistent with the provisions hereof. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C, that can be levied by the Council in any Fiscal Year for each class of Developed Property and for Undeveloped Property, as applicable. "Special Tax" means the Special Tax for each Land Use Class, determined in accordance with Section.c below, that can be levied by the Council in any Fiscal Year. "Special Tax Requirement" means each Special Tax Area's prorata share (as described in the Public Report for the District), to be determined annually by the Council, of the authorized costs and expenses of the District including those necessary to administer the bonds, collect and administer the Special Taxes, and administer the District, to pay current debt service on the bonds, to accumulate funds for future debt service, to pay amounts delinquent on the bonds, to replenish the reserve fund to its proper level (including payments to be made from the reserve fund based upon past Special Tax delinquencies), to compensate for anticipated Special Tax delinquencies (based upon past delinquency experience), to pay directly for Facilities or to accumulate funds for that purpose, and to pay for all authorized services. "Taxable Property" means all of the Assessur's Parcels within the boundaries of the District which are not exempt from the Special Tax pursuant to iaw or Section E below. "Undeveloped Property" means all Taxable Property in Area A not classified as Developed Property. B. ASSIGNMENT TO LAND USE CATEGORIES On July 1 of each year, all Taxable Property within each Special Tax Area shall be categorized either as Developed or Undeveloped Property, and shall be subject to tax in accordance with the rate and method of apportionment determined pursuant to Sections C and D below. , Exhibit C Page 3 o[ 9 For purposes of determining the applicable Maximum Special Tax pursuant to Section C, and depending on its land use, Developed Property shall be assigned to one of the classes designated in Table I below. Exhibit C Page 4 of 9 The square footage of a Commercial/lndustrial building shall be computed from the gross square footage for the building(s) as reflected in the building plans upon which the building permit(s) for such parcel was issued. The acreage of a Commercial/lndustrial parcel shall be determined by reference to the then current Assessor's Parcel Map and, if appropriate, to the most current parcel map or other subdivision tract map recorded with the Office of the Recorder for San Bernardino County. C. MAXIMUM SPECIAL TAX RATE 1. Developed Property The Maximum Special Tax for an Assessor's Parcel classified as Developed Property shall be the greater of (i) the amount derived by multiplying the square footage of such Assessor's Parcel times the Backup Special Tax or (ii) the Assigned Special Tax determined by reference to Tables I-IV below. For purposes of this Section C, the acreage or square footage of an Assessor's parcel shall be determined by reference to the then current Assessor's Parcel Map and, if appropriate, to the most current parcel map or other subdivision tract map recorded with the Office of the Recorder for Orange County. Notwithstanding the above, for Attached Residential Developed Property, a portion of the acreage in a recorded tract map shall be taxed as Undeveloped property if building permits for one or more, but not all, of the units in the approved condominium or site plan for that map have been issued. The acreage in a recorded tract map to be taxed as Undeveloped property shall equal the proportion of the associated condominium or site plan's approved units for which building permits have not been issued, multiplied by the total acreage within that tract map. Notwithstanding Section E below, for purposes of computing the Backup Special Tax for Attached Residential Developed Property, the acreage or square footage of land area shall be computed from the underlying parcel as indicated on the most recent Assessor's Parcel Map or final subdivision tract map. Each residential unit shall be assigned an equal percentage of the underlying assessor's parcel or lot. In making the computations set forth in this Section C (1) and in determining the Maximum Special Tax which may be levied in any Fiscal Year, on July 1, 1991 and on each July 1 thereafter, the Backup Special Tax and the Assigned Special Tax for each class set forth in Table I shall be increased by an amount equal to 2.0% of the amount in effect for the previous Fiscal Year. . ~ EmibH C Page 5 of 9 TABLE I SPECIAL TAX AREA A Assigned Special Taxes on Developed Property in Special Tax Area A (Fiscal Year 1990-91) Per Unit (Residential) and Per Acre (CommerciallIndustrial) Assigned Special Land Use Tax (Fiscal Class Descriution Square Foota2e Year 1990-91) 1 Single Family Detached 2,200 SF and above $1,500 per unit 2 Single Family Detached 1,800 - 2,199 SF $1,364 per unit 3 Single Family Detached < 1,800 SF $1,160 per unit 4 Attached Not Applicable $6,273 per acre 5 CommerciallIndustrial Not Applicable $6,273 per acre The Maximum Special Tax may exceed the Assigned Special Tax for some Assessor's Parcels within each class if the Backup Special Tax alternative is used ($0.144 per square foot of Assessor's Parcel). As set forth in Section D below, the Backup Special Tax will only be employed as the Special Tax of last resort if the Council determines that the Backup Special Tax must in fact be levied. The Backup Special Tax may only be applied to Single Family Detached lots larger than the following . . . illllllillum sIzes: Class 1: Class 2: Class 3: 10,416 square feet 9,472 square feet 8,055 square feet Exhibit C Page 6 of 9 TABLE II SPECIAL TAX AREA B Assigned Special Taxes on Developed Property in Special Tax Area B (Fiscal Year 1990-91) Per Unit (Residential) and Per Acre (Commercial/lndustrial) Assigned Special Land Use Tax (Fiscal Class Descrintion Square Foota2e Year 1990-91) 1 Single Family Detached 2,200 SF and above $1,378 per unit 2 Single Family Detached 1,800 - 2,199 SF $1,252 per unit 3 Single Family Detached < 1,800 SF $1,065 per unit 4 Attached Not Applicable $7,100 per acre 5 Commercial/Industrial Not Applicable $7,100 per acre The Maximum Special Tax may exceed the Assigned Special Tax for some Assessor's Parcels within each class if the Backup Special Tax alternative is used ($0.163 per square foot of Assessor's Parcel). As set forth in Section D below, the Backup Special Tax will only be employed as the Special Tax of last resort if the Council determines that the Backup Special Tax must in fact be levied. The Backup Special Tax may only be applied to Single Family Detached lots larger than the following minimum sizes: Class 1: Class 2: Class 3: 8,453 square feet 7,680 square feet 6,533 square feet Exhibil C Page 7 of 9 TABLE III SPECIAL TAX AREA C Assigned Special Taxes on Developed Property in Special Tax Area C (Fiscal Year 1990-91) Per Unit (Residential) and Per Acre (Commercial/Industrial) Assigned Special Land Use Tax (Fiscal Class Description Square Footal!e Year 1990-91) 1 Single Family Detached 2,200 SF and above $1,527 per unit 2 Single Family Detached 1,800 - 2,199 SF $1,388 per unit 3 Single Family Detached < 1,800 SF $1,180 per unit 4 Attached Not Applicable $5,968 per acre 5 Commercial/Industrial Not Applicable $5,968 per acre The Maximum Special Tax may exceed the Assigned Special Tax for some Assessor's Parcels within each class if the Backup Special Tax alternative is used ($0.139 per square foot of Assessor's Parcel). As set forth in Section D below, the Backup Special Tax will only be employed as the Special Tax of last resort if the Council determines that the Backup Special Tax must in fact be levied. The Backup Special Tax may only be applied to Single Family Detached lots larger than the following minimum sizes: Class 1: Class 2: Class 3: 10,986 square feet 9,986 square feet 8,439 square feet Exhibit C Page 8 of 9 TABLE IV SPECIAL TAX AREA D Assigned Special Taxes on Developed Property in Special Tax Area D (Fiscal Year 1990-91) Per Unit (Residential) and Per Acre (CommerciallIndustrial) Assigned Special Land Use Tax (Fiscal Class DescriDtion Square Footal!e Year 1990-91) 1 Single Family Detached 2,200 SF and above $1,336 per unit 2 Single Family Detached 1,800 - 2,199 SF $1,214 per unit 3 Single Family Detached < 1,800 SF $1,032 per unit 4 Attached Not Applicable $6,752 per acre 5 CommerciallIndustrial Not Applicable $6,752 per acre The Maximum Special Tax may exceed the Assigned Special Tax for some Assessor's Parcels within each class if the Backup Special Tax alternative is used ($0.155 per square foot of Assessor's Parcel). ,tv, set forth in Section D below, the Backup Special Tax will only be employed as the Special Tax of last resort if the Council determines that the Backup Special Tax must in fact be levied. The Backup Special Tax may only be applied to Single Family Detached lots larger than the following minimum sizes: Cla!.S 1: Cla~s 2: Class 3: 8,619 square feet 7,832 square feet 6,658 square feet 2. Undeveloped Property The 1990-91 Maximum Spcc:al Tax for Undeveloped Property shall be $6,400 per acre for Special Tax Area A, $6,~00 ref acre for Special Tax Area B, $6,100 per acre for Special Tax Area C and $6,600 per dCre fer Special Tax Area D. In making the computation set forth in Section C (2) and in determining the Assigned Special Tax and the Maximum Special Tax on Undeveloped Property which may be levied in any Fiscal Year, on July 1, 1991 and on any July 1 thereafter, the Assigned Special Tax and the Maximum Special Tax fer Undeveloped Property shall be iEcreased by an amount no greater than 2.0% of the amount in effect for the previous Fiscal Year. Exhibit C Page 9 of 9 D. METHOD OF APPORTIONMENT OF THE SPECIAL TAX TO DEVELOPED PROPERTY AND UNDEVELOPED PROPERTY Starting in Fiscal Year 1990-91 and for each following Fiscal Year, the Council shall determine the amount of money to be collected from Taxable Property in each Special Tax Area in the Fiscal Year (the Special Tax Requirement). The Council shall levy the Special Tax as follows until the amount of the levy equals the Special Tax Requirement: First: The Special Tax shall be levied on Developed Property, exclusive of property exempt from Special Taxes pursuant to Section E below, in equal percentages up to 100% of the Assigned Special Tax Rate for each class of Developed Property for such Fiscal Year determined by reference to Tables I-IV; Second: If additional monies are needed after the first step has been completed, the Special Tax shall be levied on each parcel of Undeveloped Property, exclusive of Undeveloped Property exempted by law or by the provisions of Section E, (below), in equal percentages (up to 100%) of the Maximum Special Tax; Third: If additional monies are needed after the first two steps have been completed, then the levy of the Special Tax on each Assessor's Parcel of Developed Property whose Maximum Special Tax is determined through the application of the Backup Special Tax Rate shall be increased in equal percentages from the Assigned Special Tax Rate up to the Maximum Special Tax Rate for each such Assessor's Parcel for such Fiscal Year; Fourth: If additional monies are needed after the first three steps have been completed, then the Special Tax shall be levied proportionately on each parcel of Developed or Undeveloped Property owned by a homeowners' association which has not been exempted from the Special Tax pursuant to Section E, up to the Maximum Special Tax for Undeveloped Property; and Fifth: If additional monies are needed after the first four steps have been completed, then the Special Tax shall be levied proportionately on each parcel of Developed or Undeveloped Property conveyed or irrevocably offered to a public agency which has not been exempted from the Special Tax pursuant to Section E, up to the Maximum Special Tax for Undeveloped Property. E. EXEMPTIONS A Special Tax shall not be imposed on up to 66.48 acres of Undeveloped Property conveyed or. irrevocably offered to a public agency or conveyed to a homeowners' association (9.55 acres for Special Tax Area A, 17.47 acres for Special Tax Area B, 20.0 acres for Special Tax Area C and 9.46 acres for Special Tax Area D). The acres exceeding such total of acres shall be taxed consistent with Undeveloped Property to the extent set forth in the Fourth and Fifth Steps of Section D . . Exhibit C Page 10 of 9 above. Under no circumstances shall the Council impose a Special Tax on land which is a public right of way or which is a utility property utilized for the provision of services to the public or a property encumbered with public or utility easements making impractical its utilization for other than the purposes set forth in the easement. F. REVIEW/APPEAL COMMITTEE The Council shall establish as part of the proceedings and administration of the District a special three-member Review/Appeal Council. Any landowner or resident who feels that the amount of the Special Tax, as to their parcel, is in error may file a notice with the Review/Appeal Council appealing the amount of the Special Tax levied on such parcel. The Review/Appeal Committee shall interpret this Rate and Method of Apportionment of the Special Tax and make determinations relative to the annual administration of the Special Tax and any landowner or resident appeals, as herein specified. The decision of the Review/Appeal Committee shall be final and binding as to all persons. G. MANNER OF COLLECTION The special taxes will be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that the district may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations. In the event of a delinquency, Community Facilities District No. 995 will pursue foreclosure in a timely manner. sb\cfd995.rpt DTA 05130/1990