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HomeMy WebLinkAbout2013/08/13 Item 14 ,f CITY COUNCIL AGENDA STATEMENT ^~~ CITY OF CHULA VISfA August 13; 2013 Item ITE?`4 TITLE: PUBLIC HEARING REGARDING ANNE7iATION OF TERRITORY, A\7EXATION NO. 7 (OTAl' RANCH PLANNI\'G AREA 12), TO CODII~IUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE AIAINTE\'Ai1'CE DISTRICT). RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFOIL\`IA, ACTING AS THE LEGISLATIVE BODY OF COA~IUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT), MAKING CERTAIN DETERAII\'ATIONS AND AUTHORIZING SUBMITTAL OF LEVY OF SPECIAL T.~XES TO THE QUALIFIED ELECTORS OF CERTAIN TERRITORY PROPOSED TO BE AN1EJtED TO CO~'L>\4LNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE 1ZVL\TTENAi\CE DISTRICT) AND In~ROVE~IENT AREA "C" THERETO SUBA4ITTED BY: DIRECTOR OF DEV OP 4ENT SERVICE~~„ ~,$ REVIE~'~'ED BY: CITY ?\2~\AG a~~si~r~ G~ ~K~~~ 4/~THS VOTE: YES NO a BACKGROUND On June 4; 2013, the Cit_v Council initiated the Commuhity Facilities District No. 97-2 (Preserve D4aintenance District) ("CFD \o. 97-2") annexation proceedings for Annexation No. 7; b~~ adoption of Resolutions 201.1-99 and 20L3-100. Tonight's action is the next step in the formal proceedings to annex the temtorv within Otav Ranch Planning Area 12 into Improvement Area C of CFD No. 97-2. Improvement Area A funds the costs of the Resource A4onitoring Program as well as Preserve Operations and Maintenance. Improvement Area B onl~~ funds the Resource A4onitoring Program. Special taxes levied within Improvement Area C fund the costs of the Resource 14-1 August 13, 20]3, Item Page 2 of ~ Monitoring Program as well as Preserve Operations and Maintenance consistent with the requirements of the Otay Ranch Resource Management Plan Phases 1 and II, plus apro- rata share of Administrative Expenses of CFD No. 97-2. Otay Ranch Planning Area 12 will not be annexed into Improvement Area A or Improvement Area B. The City has retained the services of NBS Government Finance Group as special tax consultant and Best, Best, and Krieger, LLP, as legal counsel to provide assistance during the proceedings. ENVIRONMENTAL REVIEW The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because the proposed activ=ity consists of the creation of a governmental fiscal/funding mechanism which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. RECOMMENDATION That Council: 1. Open the Public Hearing and receive testimony from the public, 2. Close the Public Hearing, 3. Approve the resolution making determinations and authorizing submittal of levy of special taxes to the qualified electors of certain territory proposed to be annexed to CFD No. 97-2. BOARDS/COA'Il~ZISSION RECOMMENDATION Not Applicable DISCUSSION In July 1998, Council formed Community Facilities District No. 97-2 (Preserve Maintenance District). CFD No. 97-2 was originally divided into two Improvement Areas, Improvement Area A and Improvement Area B, that were designated when CFD No. 97-2 was formed. Special taxes levied within Improvement Area A fund the costs of the Resource Monitoring Program as well as Preserve Operations and Maintenance within the initial boundaries of the Otay Ranch Preserve. Special taxes levied w=ithin Improvement Area B only fund the Resource Monitoring Program within that same area. Special taxes levied within Improvement Area C pay for both Preserve Operations and Maintenance and the Resource Monitoring Program consistent with the requirements of the Otay Ranch Resource Management Plan Phases Land II plus apro-rata share of Administrative Expenses of CFD No 97-2. It is necessary to annex territory into Improvement Area C of CFD No. 97-2; as such boundaries may be modified from time to time. 14-2 Auwst li; 20li, Item Pase 3 of ~ Temtorv Proposed to be Annexed The proposed boundaries of the territory proposed to be annexed to Impro~°ement Area C of CFD No. 97-2 encompass the pazcels located within the Otay Ranch Planning Area 1 ~; an Urban Village of approximateh~ thim~ four (34) acres located just south of OI«rtpic Pazl.-wav, east of SR125, .vest of Eastlake Pazk~~°ay and bifurcated by Tom°n Center Drive. (see Exhibit "B"; Otay Ranch Planning Area 12 Vicinity Map). Baldwin and Sons; LLC own the propem ~~°ithin the proposed annexation. Baldwin and Sons. LLC owns 100% of the property within the proposed annexation. Planning Area 12 is proposed to contain 448 multi-famil~~ apartments (]6.61 acres), a 2~7-room hotel (6.08 acres); a pazk (1.21 acres) and a commercial azea (10.41 acres). The City Council previously approved an annexation boundary map for this temtory; identified as .Annexation Map No. 7; CFD No. 97-2 (Preserye Maintenance District); Improvement Area C. A reduced copy of the map is presented in Exhibit "C". Proposed Special Tax - - The rate and method of apportionment of the special taxes authorized to be levied within the existine boundaries of CFD No. 97-2 has five cateeories of taxation, as follows: 1. Developed Parcels (Sinele Famih and D4ulti-Famih~ Residences) aze taxed based on the squaze footage of the structure. 2. Industrial and Commercial Parcels aze taxed on the acreage of the pazcel. Developed Parcels aze those parcels for which a building permit has been issued.. 3. The Final _ >\4apped properties. which include all single-family residential and multi-family residential pazcels and all industrial and commercial parcels for which a building permit has not been issued, are taped on acreage of the parcel. 4. Propem~ not categorized as Deg=eloped or Final Mapped Property is taxed on acreage of the pazcel. ~. The Exempt Category includes all publicly o~;°ned parcels and Homeo~~ner's Association pazcels. The Rate and Method of Apportionment for Annexation \o. 7 uses the same methodology and maximum special tax rates as contained in the original rate and method of apportionment approved at the time of formation of Improvement Area C of CFD No. 97-2. Collection of Tapes At the begiruting of each fiscal year the administrator of CFD \'o. 97-2 shall determine the amount of the Special Tax Liability (budget plus reserye) of each Improvement Area. Then_ the special taxes will first be levied Nithin each of the Improvement Areas on the Developed Parcels therein to fund the Special Tax Liability for such Improvement Area. If this pool of funds is not enough to fund the Special Tax Liabilim for such Improvement Area, as may be the case in the early years of development, CFD No. 97-2 will le~~~ the special tax on the vacant land within such Improvement Area starting with Final Mapped Propem~. The buffer of having the vacant land covering any portion of the Special Tai Liabilim not funded from special taxes levied on Developed Parcels within an Improvement Area ~~ill disappear once the Improvement Area has been full~° developed. 14-3 August 13, 2013, Item /~ Page 4 of ~ If the Special Tax Liability for any fiscal yeaz for an Improyement Area is less than the maximum special tax authorized to be levied on'the Developed Parcels within such Improvement Area, the actual rate of the special taxes to be levied on such Developed Property in that specific year will be reduced accordingly. Following is a brief discussion of some key issues regarding the "Rate and Method of Apportionment (RMA) of Special Taxes" proposed to be established for territory proposed to be annexed to CFD No. 97-2, Improvement Area C: (See Exhibit "A" for full description of RMA): The Maximum Special Tax Rates increase each year by a factor equal to the annual percentage change in the Consumer Price Index. The RMA provides that the annual budget for any year may include an amount deemed necessary to maintain an adequate level of this operating reserve fungi. The maximum special tax rates aze based on the original Rate and Method of Apportionment of special taxes established for Improvement Area C of CFD No. 97-2 when Improvement Area C was formed. If the actual square footage of residential development and/or the acreage of non-residential (industrial and commercial) development within Improvement Area C meets or exceeds the projections on which the special tax rates were based, the actual special tax rate necessary to be levied annually within Improvement Area C to fund the Special Tax Liability for Improvement Area C may be less than the authorized maximum special tax. Approved Maximum Special Taxes The approved maximum and actual special tax rates for fiscal year 2013/14 for Improvement Area C of CFD No. 97-2 are as follows: Table 1. Maximum Special Tax for Monitoring SpeciaLTax Category Maximum~Special Tax (Monitorin Residential er square foot) $0.0054 Non-Residential (per acre $87.3126 Final Ma Property (per acre) $87.3126 Undeveloped Property (per acre) $56.3516 Table 2. Maximum Special Tax for Operations & Maintenance Special Tax Category Maximum Special Tax (O erafions & Maintenance Residential er squaze foot) $0.0086 Non-Residential (per acre) $138.6152 Final Map Property (per acre) $138.6152 Undeveloped Property (per acre) $89.4627 14-4 August 13, 2013; Item ~~ Page ~ of ~ Resolution There is one resolution on today's agenda_ which, if adopted; Ill accomplish the followins: The RESOLliTION MAKING DETERA4I1\?ATIONS is the formal action of the Cit<~ Council making certain findings and determinations pertaining to the annexation of Otay Ranch Planning Area 12 to CFD I~'o. 97-2, Improvement Area C. and authorizes the electors of such territory to vote on the authorization to levy special taxes within such territory. DECISION nZAKER CONFLICT Staff has reviewed the propem° holdings of the City Council and has-found no property holdings within X00 feet of the boundaries of the property; which is the subject of this action. Staff is not independently awaze; nor has staff been informed by any City Council member; of any other fact that ma_v constitute a basis for a decision maker conflict of interest in this matter. CURRENT YEAR FISCAL IMPACT Developer is responsible for all costs associated with the Annexation No. 7 to CFD 97-2. The Cit}- will recover the full cost of staff time expended in district annexation. thus there will be no fiscal impact. ONGOING FISCAL IMPACT The on-going administration will be funded entirely by the district_ therefore there is no fiscal impact. EXHIBITS: A. Rate and Method of Apportionment B. Otav Ranch Planning Area 12 Vicinity Map C. Annexation Map Prepared by: Chester Bautista, Associate Civi! Engineer, Developanent Services Deparnnent H:IDSDl9gendas and Resos. most up to date verslon~10131i-9-20131Publac Hearing far the dnnerntlan No. i to CFD 9i11CFD 9i-? Public Hearing.doc 14-5 EXHIBIT A COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT) IMPROVEMENT AREA "C" RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES A Special Tax of Community Facilities District No. 97-2 (Preserve Maintenance District) of the City of Chula Vista ("CFD") shall be levied on all Assessor's Parcels in Improvement Area C of the CFD and collected each Fiscal Year commencing in Fiscal Year 2002-3 in an amount determined through the application of the rate and method of apportionment of the Special Tax set forth below. All of the real property in the CFD, unless exempted by law or by the provisions hereof, shall be taxed for the purposed, to the extant and in the manner herein provided. A. DEFINITIONS The terms hereinafter set forth have the following meanings: "Acre or Acreage" means the land are of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor's Parcel Map, the land area shown on the applicable Final Subdivision Map, other final map, other parcel map, other,condominium plan, or functionally equivalent map or instrument recorded in the Office of the County Recorder. The square footage of an Assessor's Parcel is equal to the Acreage multiplied by 43;560. "Act' means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2 of Title 5 of the Government Code of the State of California. "Administrative Expenses" means the actual or estimated costs incurred by the City, acting for an on behalf of the CFD as the administrator thereof, to determine, levy and collect the Special Taxes, including the salaries of City employees and a proportionate amount of the City's general administrative overhead related to the administration of the CFD; the costs of collected installments of the Special Taxes; and any other costs required to administer Area C of the CFD as determined by the City. "Assessor's Parcel" means a lot or parcel shown in an Assessor's Parcel Map with an assigned assessor's parcel number. "Assessor's Parcel Map" means an official map of the Assessor of the County designating parcels by assessor's parcel number. "Building Square Foot or Square Footage" means the square footage as shown on an Assessor's Parcel's building permit of Residential Property excluding garages or other structures not used as living space. 14-6 "CFD Administrator" means an office of the City, or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes. "CFD" means Community Facilities District No. 97-2 of the City of Chula Vsta. "City" means the City of Chula Vsta. "City Clerk" means the City Clerk for the City of Chula Vista or his or her designee. "City Manager" means the City Manager for the City of Chula vista or his or her designee. "Community Purpose Facility Property" or "CPF Property" means all Assessors' Parcels which are classed as community purpose facilities and meet the requirements of City of Chula vista Ordinahce No. 2452. _ . "Council" means the City Council for the City of Chula Vista, acting as the legislative body of the CFD. "County" means the County of San Diego, California. "Developed Property° means all Taxable Property for which a building permit was issued prior to the March 1 ~' preceding the Fiscal year in which the Special Tax is being levied. "Final Map Property" means a single family residential lot created by a Final . Subdivision Map, but which is not classified as Developed Property. "Final Subdivision Map" means a subdivision of property creating single family residential buildable lots by recordation of a final subdivision map or parcel map pursuant to the Subdivision Nlap Act (California Government Code Section 66410 et seq.), or recordation of a condominium plan pursuant to Cal'rfomia Civil Code 1352, that creates individual lots for which building permits may be issued without further subdivision and is recorded prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied. "Fiscal Year" means the period starting July 1 and ending on the follo~~ng June 30. "Improvement Area C" or "Area C" means Improvement Area C of the CFD, as identified on the boundary map for the CFD as amended from time to time. "Land Use Class" means any of the classes listed in Table 1 of Table 2. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C below that may be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property. "Non-Residential Property" means all Assessor's Parcels of Developed Property for which a building permit(s) has been issued for a structure or structures for non- residential use. 14-7 "Operating Fund" means a fund that shall be maintained within the CFD for each Fiscal Year to pay for Resource Monitoring andlor Preserve Operations and Maintenance activities and Administrative Expenses. "Operating Fund Balance" means the amount of funds in the Operating Fund at the end of the preceding Fiscal Year. "Operating Fund Requirement" means for any Fiscal Year an amount equal to the Resource Monitoring Fund Requirement and Preserve Operation and Maintenance Fund Requirement for the current Fiscal Year in which Special Taxes are levied. "Preserve Operations and Maintenance" means those activities described in Attachment A hereto which is incorporated herein by this reference. "Preserve Operations and Maintenance Fund Requirement" means for any Fiscal Year an amount equal to the budgeted costs for Preserve Operations and Maintenance plus apro-rata share of the budgeted Administrative Expenses of the District for the current Fiscal Year in which Special Taxes are levied. "Property Owner Association Property" means any property within the boundaries Area C of the CFD that is owned by, or irrevocably dedicated as indicated in an instrument recorded with the County Recorder to, a property owner association, including any master or sutrassociation. "Public Property" means any property within the boundaries of Area C of the CFD that is, at eh time of the CFD formation, expected to be used for any public purpose and is owned by or dedicated to the federal government, the State, the County, the City or any other public agency. "Reserve Fund" means a fund that shall be maintained for the CFD each Fiscal Year to provide necessary cash flow for the first six months of each Fiscal Year, working capital to cover monitoring, maintenance, and repair cost overruns and delinquencies in the payment of Special Taxes and a reasonable buffer to prevent large variations in annual Special Tax levies. "Reserve Fund Balance" means the amount of funds in the Reserve Fund at the end of the preceding Fiscal Year. "Reserve Fund Requirement" means the amount equal to up to 100% of the Operating Fund requirement for any Fiscal Year. "Residential Property" means all Assessors' Parcels of Developed Property for which a building permit(s) has been issued for purposes of constructing one or more residential dwelling unit. "Resource Monitoring Program" means those described in Attachment B hereto which is incorporated herein by this reference. "Resource Monitoring Fund Requirement" means for any Fiscal Year an amount for each Improvement Area equal to the Improvement Area's fair share of the 14-8 budgeted costs of the Resource Monitoring Program plus a pro rata share of the budgeted Administrative Expenses for the CFD for the current Fiscal Year in which Special Taxes are levied. An Improvement Area's "fair share" shall be based on the Improvement Area's percentage of the total acreage within the Otay Ranch General Development Plan Planning Area for which a Resource Monitoring Program funding mechanism has been established. "Special Tax" means the Special Tax levied pursuant to the provisions of Section C and D below in each Fiscal Year on each Assessor's Parcel of Developed Property and Undeveloped Property in Area C to fund the Special Tax Requirement. "Special Tax Requirement" means that amount required in any Fiscal Year for Area C to: (i) pay the Resource Monitoring Fund Requirement, less the Operating Fund Balance, and (ii) pay any amounts required to establish or replenish the Reserve Fund to the Reserve Fund Requirement; (iii) pay for reasonably anticipated delinquent Special Taxes based on the delinquency rate for Special Taxes levied in the previous Fiscal Year. "State" means the State of California "Taxable Property" means all of the Assessor's Parcels within the boundaries of Area C of the CFD that are not exempt from the Special Tax pursuance to law or as defined below. "Undeveloped Property" means, for each Fiscal Year, all Taxable Property not classified as Developed Property. B. ASSIGNMENT 70 CATEGORIES OF SPECIAL TAX Each Fiscal Year using the definitions above, all Taxable Property within Area C of the CFD shall be classified as Category I, Category II, Category III or Exempt. Developed Property, Final Map Property or Undeveloped Property, and shall be subject to Special Taxes pursuance to Sections C and D below. Developed Property shall be further assigned to a Land Use Class as specified in Table 1. C. MAXIMUM SPECIAL TAX RATE Category I Category I includes Developed Property within the District ("Category I"). The Maximum Special Tax for Resource Monitoring, and Preserving Operations and Maintenance that may be levied for Fiscal Year 2002/03 on Developed Property shall be at the rates set forth in Table 1 below. For Residential Property, the Special Tax shall be levied based upon Building Square Footage and for Non-Residential Property shall be levied based on Acreage. 14-9 TABLE 1 Maximum Special Tax for Category I Community Facilities District 97-2 Improvement Area C Resource Operations 8 Description Monitoring Maintenance Residential $0.0054 $0.0086 Non-Residential $87.3126 $138.6152 Category II Category includes each Assessor's Parcel of Taxable Property within the District for which a Final Map has been recorded, but which is not classified as a Developed Parcel ("Category II"). The Maximum Special Tax for Resource Monitoring, and Preserve Operations and Maintenance that may be levied for Fiscal Year 2002/03 on each Assessor's Parcel in Category II shall be shown in Table 2 below (said amount to be levied pro rata for any portion of an Acre). TABLE 2 Maximum Special Tax for Category It Community Facilities District No. 97-2 Improvement Area C Resource Monitoring Operation & Maintenance $87.3126 per Acre $138.6152 per Acre Category III Category III includes each Parcel of Taxable Property within the District not subject to Special tax under any other category ("Category III"). The Maximum Special tax which may be levied for Fiscal Year 2002/03 on Taxable Property within Category III shall be as shown in Table 3 below (said amount to be levied pro rate for any portion of an Acre). TABLE 3 Maximum Special Tax for Category III Community Facilities District No. 97-2 Improvement Area C Resource Monitoring Operation & Maintenance $56.3516 per Acre $89.4627 per Acre Exempt Category The Exempt Category includes each property owned, conveyed or irrevocably offered for dedication to a public agency, or land which is in the public right-of-way, unmanned utility easements which make utilization for other than the purpose set 14-10 forth in the easement impractical, common areas, private streets and parcels; and open space lots ("Exempt Category°). In some instance an Assessor's Parcel of Developed Property may contain more than one Land use Class. The Maximum Special Tax that may be levied on an Assessor's Parcel shall be the sum of the Maximum special Tax levies that may be levied on all Land Uses Classes located on that Assessors Parcel. The CFD Administrators shall determine the allocation each Land Use Class. Annual Escalation of Maximum Special Tax The Maximum Special Tax as shown in the tables above that may be levied on each Assessor's Parcel in Area C shall be increased each Fiscal Year beginning in Fiscal Year 200304 and thereafter by a factor equal to the annual percentage change in the San Diego Metropolitan Area all Urban Consumer Price Index (All Items). D. METHOD OF APPORTIONMETN OF THE SPECIAL TAX Commencing with Fiscal Year 200304, and for each following Fiscal Year, the Council shall levy the Area C Special Tax at the races established pursuant to steps 1 through 4 below so that the amount of the Special Tax levied equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows: Step 1: Determine the revenue which could be generated by Parcels assigned to Category I by multiplying the Building Square Footage for Parcels classed as Residential Parcels by the Maximum Special Tax per Building Square Foot for Resource Monitoring, and Preserve Operations and Maintenance for Parcels and adding to that the maximum revenue which could be generated by multiplying the total acres for Parcels classified as Non-Residential Parcels by the Maximum Special Tax per Acre for Resource Monitoring and Preserve Operations and Maintenances. Step 2: If the total revenue as calculated in Step 1 is greater than the estimated Special Tax Liability for Improvement Area C, reduce the Special Tax for each Parcel proportionately so that the Special Tax levy for Fiscal Year is equal to the Special Tax Liability for the Fiscal Year. Step 3: If the total revehue as calculated in Step 1 is less than the Special Tax Liability for Improvement Area C, a Special Tax shall be levied upon each Parcel within Improvement Area C, classified as Category II. The Special Tax for Parcels assigned to the Category II shall be calculated as the lessor of: (i) The Special Tax Liability for Improvement Area C as detennined by the City, less the total revenue generated for all Parcels under Step 1 above, divided by the total Acres for all Parcels vrithin Improvement Area C assigned to Category II, OR (ii) The Maximum Special Tax rate for Parcels assigned to Category II. 14-11 Step 4: If the total revenue as calculated in Step 1 and 3 is less than the Special Tax Liability, for Improvement Area C, a Special Tax shall be levied upon each Parcel within Improvement Area C classed as Category III. The Special Tax for Parcels assigned the Category III shall be calculated as the lessor of: (i) The Special Tax Liability for Improvement Area C as determined by the City, less the total revenue generated for all Parcels under Step 1 and 3 above, divided by the total Acres for all Parcels within Improvements Area C assigned to Category III, OR (ii) The Maximum Special Tax rate for Parcels assigned to Category III and within Improvement Area C. However, in the event it is determined that the Special Tax Liability for Improvement Area C includes delinquent Special Taxes from Parcel in Category III from the prior Fiscal Year, the City shall determine the amount of delinquent taxes that arose from such parcels and identify the owner(s). The amount of delinquent Special Taxes, if any, that arose from the applicable owner(s) shall first be divided by the total Category III Acres owned by such owner(s) and collected from the applicable owner(s) with the remaining portion of the Special Tax Liability no related to delinquent Special Taxes to be collected from all Parcels in Category III according to the procedure set forth in the preceding paragraph. Notwithstanding the above, under no circumstances with the Special Tax be levied against any Assessor's Parcel of Residential Property or Multi-Family Property for which an occupancy permit for private residential use has been issued be increased by more than ten percent annually up to the Maximum Special Tax as a consequence of delinquency or default by the owner of any other Assessor's Parcel within Area C ofi the CFD. E. APPEALS Any landowner or resident who pays the Special Tax and believes that the amount of the Special Tax levied on their Assessor's Parcel is in error shall first consult with the CFD Administrator regarding such error. If following such consultation, the CFD Administrator determines that an error has occurred; the CFD Administrator may amend the amount of the Special Tax levied on such Assessor's Parcel. If following such consultation and action, if any by the CFD Administrator, the landowner or resident believes such error still exists; such person may file a written notice with the City Clerk of the City appealing the amount of the Special Tax levied on such Assessor's Parcel. Upon the receipt of any such notice, the City Clerk shall forward a copy of such notice to the City Manager who shall establish as part of the proceedings and administration of the CFD, a special three-member Review/Appeal Committee. The Review/Appeal Committee may establish such procedures, as it deems necessary to undertake the review of any such appeal. The Review/Appeal Committee shall interpret this Rate and Method of Apportionment 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. 14-12 MANNER OF COLLECTION Special Taxes levied pursuant to Section D above shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the CFD Administrator may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner if necessary to meet the financial obligation of Area C of the CFD or as otherwise determined appropriate by the CFD Administrator. G. TERM OF SPECIAL TAX Taxable Property in Area C of the CFD shall remain subject to the Special Tax in perpetuity. 14-13 N N Q ~--' ~ ~_ ~ ,L," P. W U .''", C3 T ~-+ Li, .~ U Exhibit C ANNEXATION MAP NO. 7 CITY OF CHULA VISTA COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT) IMPROVEMENTAREAC CT' OF CNVLA V6iA COUNTY OF SAN pEGO SiFTE OF Ul1FORMA `\\ `. ~` .l \`\\`\ \ `~ e a:~aceeni ana an wo, oeo~o \', J i ~~^f \~``'~ `~ , ,'•` _ r - a ,,._ o. ~ - A_ . ~ mom. / ~ i i '.-! ~ i I - a~a ~~Q.~.a>W~ ~s >~ - t ! MltioeeOD / ~ ~_a xo~:~>e..zz.m~ar~~or~~.'awwnm...r 5 f I ~~_ waeiuoo ^ ~` ~; I_ { ~~ ( Legentl {, 1 5 ! r r O 0. ~¢v]on 9ouaCary ~i ~ ~ 1 _~?artellses 1 t ,J ~ i it ~e i /` 1 ,1 , ,`',1 , 14-15 RESOLUTION N0. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, ACTING AS THE LEGISLATNE BODY OF COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT), MAKING CERTAIN DETERMINATIONS AND AUTHORIZING SUBMITTAL OF LEVY OF SPECIAL TAXES TO THE QUALIFIED ELECTORS OF CERTAIN TERRITORY PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT) AND IMPROVEMENT AREA "C" THERE"FO WHEREAS, the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA; ("City Council"), formed a Community Facilities District and designated certain improvement areas therein pursuant to the terms and provisions of the "Mello-Roos Community Facilities Act of 1982", being Chapter 2.~, Part 1; Division 2, Title 5 of the Government Code of the State of California (the ``Act"), and the City of Chula Vista Community Facilities District Ordinance enacted pursuant to the powers reserved by the City of Chula Vista under Sections 3, 5 and 7 of Article XI of the Constitution of the State of California (the "Ordinance") (the Act and the Ordinance may be refen~ed to collectively as the "Community Facilities District Law"). The Community Facilities District has been designated as COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE"MAINTENANCE DISTRICT) (the "District") and the Improvement Areas were designated as IMPROVEMENT AREA "A," IMPROVEMENT AREA `B" and IMPROVEMENT AREA "C" of such District; and WHEREAS, the City Council, at the request of the owner of that property located in Planning Area 12 of the Otay Ranch, initiated proceedings pursuant to the Community Facilities District Law to annex such territory to the District and Improvement Area "C"thereto; and WHEREAS, notice of a public hearing relating to the annexation of such territory to the District and Improvement Area "C," the extent of the territory to be annexed, the furnishing of certain public services and all other related matters has been given; and WHEREAS, the territory proposed to be annexed is known and designated as COMMUNTITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT). IMPROVEMENT AREA "C," ANNEXATION NO. 7 (the "Territory"); and WHEREAS, it has now been determined that written protests have not been received by 50% or more of the registered voters residing either within the Territory or Improvement Area "C" and/or property owners representing more than one-half (1/2) or more of the area of land within the Territory or within Improvement Area "C"; and WHEREAS, inasmuch as there have been less than twelve (12) persons registered to vote within the Territory for each of the 90 preceding days, this legislative body desires to submit the levy of the required special tax to the landowners of the Territory, such landowners being the qualified electors as authorized by law. J:\Attomey\FINAL RESOS AND ORDINANCES\2013\OS 13 13\Chula Vista CFD 97-2 Annex 7 -Resolution re Submittals of Levy of Special Taxes to Qualified Electo.DOC 8/2/?013 920 Ah4 - 14-16 Resolution No. Page 2 NORr. THEREFORE. BE IT RESOLVED AS FOLLOWS: SECTION I. Recitals The above recitals are all true and correct. SECTION 2. Determinations It is determined by this Ciri= Council that: (a) all proceedines prior hereto were valid and taken in conformit}= with the requirements of law; and specifically the provisions of the Community Facilities District Law, and this finding is made pursuant to the provisions and authorization of Section ~332~.1 of the Government Code of the State of California: (b) the annexation of the Temtorp to Improvement Area "C" as proposed conforms with the Cirv of Chula Vista Statement of Goals and Policies Reeardina the Establishment of Community Facilities Districts: (c) less than nveh'e (12) registered voters have resided within the Territor}= for each of the ninety (90) da}=s preceding the close of the public hearing and. consequently. the qualified electors shall be the landow=ners of the Territory and each landowner who is the owner of record as of the close of the public hearing, or the authorized representative thereof shall have one vote for each acre or portion of an acre of land that she or he o~ins within the Territory: (d) the time limit specified by the Community Facilities District Lam for conducting an election to submit the levy of the special taxes to the qualified electors of the Territon= and the requirements for impartial analysis and ballot areuments have been waived with the unanimous consent of the qualified electors of the Temton-; (e) the City Clerk; acting as the election official,. has consented to conducting any required election on a date which is less than 12~ days following the adoption of any resolution annexing the Temtory to the District; and (f) the public services described in Section 4 herein proposed to be financed from the proceeds of special taxes to be levied within the Temtory are necessary to meet increased demands placed upon the City as a result of development and/or rehabilitation occurring in the Territory. SECTION 3. Boundaries of the Territory The boundaries and parcels of land the Territory and in which the public services are to be provided and on which special taxes will be levied in order to pay the costs and expenses for such public sen'ices are generally described as follows: All that Territory proposed to be annexed to the District and Improvement Area "C" thereto, as such propem= is shown on a map as previously approved by this legislative body; such map entitled "Annexation ~4ap No. 7 Cih= of Chula Vista Communit}= J:~Attomev\E'INAL RESOS .AND ORDAANCES\2013\08 13 13\Chula Yista CFD 97-? Annex 7 -Resolution re Submittals of Levq of Special Taxes to Qualified Electo.DOC 8/2/20li 9:20 .AM 14-17 Resolution No. Page 3 Facilities District No. 97-2 (Preserve Maintenance District), Improvement Area `C`; City Of Chula Vista, County Of San Diego, State Of California' (the "Annexation Map"), a copy of which is on file in the Office of the City Clerk and shall remain open for public inspection. SECTION 4. Description Of Services The services that are authorized to be financed from the proceeds of special taxes levied within Improvement Area "C" are certain services which are in addition to those services that were provided in or required for Improvement Area "C" prior to the formation of the District and the designation of Improvement Area "C' and did not replace services already available in the District or Improvement Area "C" at the time of formation of the District and the designation of Improvement Area "C". A general description of the services authorized to be financed by the District within Improvement Area "C` is as follows: The monitoring, maintenance, operation and management of public property in which the City has a property interest and which conforms to the requirements of the Ordinance or private property within the Otay Ranch Preserve which is required by the Preserve Owner/Manager to be maintained as open space or for habitat maintenance or both. Such property may be located outside the boundaries of the District and outside the jurisdictional boundaries of the City of Chula Vista. Such services shall not include the maintenance, operation and/or management of any property owned, maintained, operated and/or managed by the federal and/or state government as open space, habitat maintenance and/or for any other purpose. The District shall finance all direct. administrative and incidental annual costs and expenses necessary to provide such monitoring, maintenance, operation and management of such public property. The same types of services which are authorized to be financed by the District from the proceeds of special' taxes levied within Improvement Area "C" are the types of services to be financed from the proceeds of special taxes levied within the Territory. If and to the extent possible such services shall be provided in common with Improvement Area "C" and the Territory. SECTTON 5. Special Tax Except where funds are otherwise available, a special tax sufficient to pay for such services and related incidental expenses authorized by the Community Facilities District Law, secured by recordation of a continuing lien against all non-exempt real property in the Territory, will be levied annually within the boundaries of such Territory. For further particulars as to the rate and method of apportiotm~ent of the proposed special tax; reference is made to the attached and incorporated Exhibit "A" (the "Improvement Area `C` Rate and Method"), which sets forth in sufficient detail the method of apportionment to allow each landowner or resident within the proposed Territory to clearly estimate the maximum amount that such person 'ill have to pay. J:Wttorney\FINAL RESOS AhD ORDINANCES\2013\08 13 13\Chula Vista CFD 97-2 Annex 7 -Resolution re Submittals of Levp of Special Taxes to Qualified Electo.DOC 8/2/2013 920 AM 14-18 Resolution No. Pase 4 The special tax proposed to be levied \vithin the Territory shall be equal to the special tax levied to pay for the same services in Improvement Area "C;" except that a higher or lover special tax mac' be levied +vithin the Territon` to the extent that the actual cost of providing the services in the Temtory is higher or lower than the cost of providing those services in Improvement Area "C.` Notwithstanding the foregoing: the special tax may not be levied at a rate ++-hich is higher that the maximum special tax authorized to be levied pursuant to the Improvement Area "C' Rate and Method. The special taxes herein authorized, to the extent possible; shall be collected in the same manner as ad valorem propem taxes and shall be subject to the same penalties; procedure; sale and lien priority in any case of delinquency as applicable for ad valorem razes. Any special taxes that may not be collected on the Counh~ tax roll shall be collected through a direct billing procedure by the Treasurer. The maximum special tax rate in Improvement Area "C" shall no_t be increased as a result of the annexation of the Territory to Improvement Area "C." SECTION 6. Election The proposition related to the levy of the special tax shall be submitted to the qualified electors of the Territory: such electors being the landowners, with each lando++ner having one (1) vote for each acre or portion thereof of land which he or she o+vns within such annexed territory. The special election shall be held on August 20, 2013; and such election shall be a special election to be conducted by the City Clerk (hereinafter `'Election Official"). If the proposition for the levy of the special tax receives the approval of more than t+vo-thirds (2/3) of the votes cast on the proposition; the special tax ma_y be levied as provided for in this Resolution. SECTION 7. Ballot The ballot proposal to be submitted to the qualified voters at the election shall generally be as follows: PROPOSITION A CITY OF CHULA VISTA COA~IIIUNITY FACILITIES DISTRICT NO.97-2, I~4PROVE1~iENT AREA "C" ANNEti4TION NO. 7 AUTHORIZATION FOR SPECIAL TA,\ LEVY Shall Community Facilities District No. 97-2 (Preserve Maintenance District) of the City of Chula Vista be authorized to lev~~ special taxes within the territory identified as .Annexation No. 7 to Improvement .Area "C ` of such District pursuant to the rate and method of apportionment of special taxes (the "Improvement Area "C' Rate and b4ethod') attached to this ballot to finance the authorized services and administrative expenses and to fund and replenish a reserve fund; all as provided for in the Improvement Area "C" Rate and Method? 1:\.4nornev\FI\'AL RESOS A\D ORDI\A\•CES~013\08 13 13\Chula \'isia CFD 97-2 Annex 7 -Resolution re Submittals of Levy of Special Taxes to Qualified Electo.DOC 8/2/2013 920 .4A1 ~ - 14-19 Resolution l~io. Page 5 SECTION 8. Vote The appropriate mark placed in box adjacent to the word "YES" shall be counted in favor of the adoption of the proposition, and the appropriate mark placed in the box adjacent to the word "NO" in the manner as authorized, shall be counted against the adoption of such proposition. SECTION 9. Election Procedure This City Council hereby authorizes the Election Official to take any and all seeps necessary for the holding of such election and ratifies any such steps previously taken by such Election Official which were necessary for the holding of such election. Such Election Official shall perform and render al] services and proceedings incidental to and connected with the conduct of such election, and such services shall include, but not be limited to the following: (a) Prepare and furnish to the election officers necessary election supplies for the conduct of the election. (b) Cause to be printed the requisite numberof official ballots; tally sheets and other necessary forms. (c) Furnish and address official ballots for the qualified electors of the Territory. (d) Cause the official ballots to be mailed and/or delivered, as required by law. (e) Receive the returns of the election. (f) Sort and assemble the election material and supplies in preparation for the canvassing of the returns. (g) ~ Canvass the returns of the election. (h) Fumish a tabulation of the number of votes given in the election. (i) Make all arrangements and take the necessary steps to pay all costs of the election incurred as a result of services performed for the District and pay costs and expenses of all election officials. (j) Conduct and handle all other matters relating fo the proceedings and conduct of the election in the manner and form as required by law. PREPARED BY: APPROVED AS TO FORM BY: Kelly Broughton Director of Developmental Services \, J:\Attomev\FINAL RESOS ANU ORDINANCES\2013\08 l3 13\Chula Vista CFD 97-2 Atinex 7 -Resolution re Submittals of Levy of Special Taxes to Qualified Electo.DOC 8/2/2013 9:20 AM 14-20 CITY OF CHULA VISTA ANNEXATION NO. 7 TO C011114UNITP FACILITIES DISTRICT NO.97-2 (PRESERVE AZ~INTENANCE DISTRICT) I1~IPROVE~IENT AREA "C" EXHIBIT "A" RATE AND ~~IETHOD OF APPORTIONMENT OF SPECI.AL TAX 1:\.4ttorner\FI\'AL RESOS .AXD ORDINA\CES\2013\OS 13 13\Chula Vista CED 9i-2 Annex 'r -Resolution re Submiaals of Levy of Special Tares to Qualified Electo.DOC S/2/?013 9:20 A,\1 14-21 EXHIBIT A COMMUNITY FACILITIES DISTRICT NO. 97-2 (PRESERVE MAINTENANCE DISTRICT) IMPROVEMENT AREA "C" RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES A Special Tax of Community Facilities District No. 97-2 (Preserve Maintenance District) of the Ciry of Chula Vista ("CFD") shall be levied on all Assessor's Parcels in Improvement Area C of the CFD and collected each Fiscal Year commencing in Fiscal Year 2002-3 in an amount determined through the application of the rate and method of apportionment of the Special Tax set forth below. All of the real property in the CFD, unless exempted by law or by the provisions hereof, shall be taxed for the purposed, to the extent and in the manner herein provided. _ A. DEFINITIONS The terms hereinafter set forth have the following meanings "Acre or Acreage" means the land are of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor's Parcel Map, the land area shown on the applicable Final Subdivision Map, other final map, other parcel map, other condominium plan, or functionally equivalent map or instrument recorded in the Office of the County Recorder. The square footage of an Assessor's Parcel is equal to the Acreage multiplied by 43,560. "Act" means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2 of Title 5 of the Government Code of the State of California. "Administrative Expenses" means the actual or estimated costs incurred by the City, acting for an on behalf of the CFD as the administrator thereof, to determine, levy and collect the Special Taxes, including the salaries of City employees and a proportionate amount of the City's general administrative overhead related to the administration of the CFD; the costs of collected installments of the Special Taxes; and any other costs required to administer Area.C of the CFD as determined by the City. "Assessor's Parcel" means a lot or parcel shown in an Assessor's Parcel Map with an assigned assessor's parcel number. "Assessor's Parcel Map" means an official map of the Assessor of the County designating parcels by assessor's parcel number. "Building Square Foot or Square Footage" means the square footage as shown on an Assessor's Parcel's building permit of Residential Property excluding garages or other structures not used as living space: 14-22 "CFD Administrator" means an office of the City, or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes. "CFD" means Community Facilities District No. 97-2 of the City of Chula Vista. "City" means the City of Chula Vista. "City Clerk" means the City Clerk for the City of Chula Vista or his or her designee. "City Manager" means the City Manager for the City of Chula Vsta or his or her designee. "Community Purpose Facility Property" or "CPF Property" means all Assessors' Parcels which are classified as commuriity purpose facilities and meet the requirements of City of Chula Vista Ordinahce No. 2452. "Council" means the City Council for the City of Chula Vista, acting as the legislative body of the CFD. "County" means the County of San Diego, California. "Developed Property" means all Taxable Property for v/hich a building permit was issued prior to the March 1 n preceding the Fiscal year in which the Special Tax is being levied. "Final Map Property" means a single family residential lot created by a Final . Subdivision Map, but which is not classified as Developed Property. "Final Subdivision Map" means a subdivision of property creating single family residential buildable lots by recordation of a final subdivision map or parcel map pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.), or recordation of a condominium plan pursuant to California Civil Code 1352, that creates individual lots for which building permits may be issued without further subdivision and is recorded prior to March 1 preceding the Fiscal Yearin which the Special Tax is being levied. ' "Fiscal Year" means the period starting July 1 and ending on the following June 30. "Improvement Area C" or "Area C" means Improvement Area C of the CFD, as identified on the boundary map for the CFD as amended from time to time. "Land Use Class" means any of the classes listed in Table 1 of Table.2. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C below that may be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property. "Non-Residential Property" means all Assessor's Parcels of Developed Property for which a building permit(s) has been issued for a structure or structures for non- residential use. 14-23 "Operating Fund" means a fund that shall be maintained within the CFD for each Fiscal Year to pay for Resource Monitoring and/or Preserve Operations and Maintenance activities and Administrative Expenses. `.'Operating Fund Balance" means the amount of funds in the Operating Fund at the end of the preceding Fiscal Year. "Operating Fund Requirement" means for any Fiscal Year an amount equal to the Resource Monitoring Fund Requirement and Preserve Operation and Maintenance Fund Requirement for the current Fiscal Year in which Special Taxes are levied. "Preserve Operations and Maintenance" means those activities described in Attachment A hereto which is incorporated herein by this reference. "Preserve Operations and Maintenance Fund Requirement" means for any Fiscal Year an amount equal to the budgeted costs for Preserve Operations and Maintenance plus apro-rata share of the budgeted Administrative Expenses of the District for the current Fiscal Year in which Special Taxes are levied. "Property Owner Association Property" means any property within the boundaries Area C of the CFD that is owned by, or irrevocably dedicated as indicated in an instrument recorded with the County Recorder to, a property owner association, including any master or sub-association. "Public Property" means any property within the boundaries of Area C of the CFD that is, at eh time of the CFD formation, expected to be used for any public purpose and is owned by or dedicated to the federal government, the State, the County, the City or any other public agency. "Reserve Fund" means a fund that shall be maintained for the CFD each Fiscal Year to provide necessary cash flow for the first six months of each Fiscal Year, working capital to cover monitoring, maintenance, and repair cost overruns and delinquencies in the payment of Special Taxes and a reasonable buffer to prevent large variations in annual Special Tax levies. "Reserve Fund Balance" means the amount of funds in the Reserve Fund at the end of the preceding Fisca(Year. "Reserve Fund Requirement" means the amount equal to up to 100% of the Operating Fund requirement for any Fiscal Year. "Residential Property" means all Assessors' Parcels of Developed Property for which a building permit(s) has been issued for purposes of constructing one or more residential dwelling unit. "Resource Monitoring Program" means those described in Attachment B hereto which is incorporated herein by this reference. "Resource Monitoring Fund Requirement" means for any Fiscal Yearan amount for each Improvement Area equal to the Improvement Area's fair share of the 14-24 budgeted costs of the Resource Montorng Program plus a pro rata share of the budgeted Administrative Expenses for the CFD for the current Fiscal Year in which Special Taxes are levied. An Improvement Area's "fair share" shall be based on the Improvement Area's percentage of the total acreage within the Otay Ranch General Development Plan Planning Area for evhich a Resource Monitoring Program funding mechanism has been established. "Special Tax" means the Special Tax levied pursuant to the provisions of Section C and D below in each Fiscal Year on each Assessors Parcel of Developed Property and Undeveloped Property in Area C to fund the Special Tax Requirement. "Special Tax Requirement" means that amount required in any Fiscal Year for Area C to: (i) pay the Resource Monitoring Fund Requirement, less the Operating Fund Balance, and (ii) pay any amounts required to establish or replenish_the Reserve Fund to the Reserve Fund Requirement; (iii) pay for reasonably anticipated delinquent Special Taxes based.on the delinquency rate for Special Taxes levied in the previous Fiscal Year. "State" means the State of California "Taxable Property" means all of the Assessor's Parcels within the boundaries of Area C of the CFD that are not exempt from the Special Tax pursuance to law or as defined below. "Undeveloped Property" means, for each Fiscal Year, all Taxable Property not . classified as Developed Property. B. ASSIGNMENT TO CATEGORIES OF SPECIAL TAX Each Fiscal Year using the definitions above, all Taxable Property within Area C of the CFD shall be classffied as Category I, Category II, Category III or Exempt. Developed Property, Final Map Property or Undeveloped Property, and shall be subject to Special Taxes pursuance to Sections C and D below. Developed Property shall be further assigned to a Land Use Class as specified in Table 1. C. MAXIMUM SPECIAL TAX RATE Category I Category I includes Developed Property within the District ("Category I"). The Maximum Special Tax for Resource Monitoring, and Preserving Operations and Maintenance that may be levied for Fiscal Year 2002/03 on Developed Property shall be at the rates set forth in Table 1 below. For Residential Property, the Special Tax shall be levied based upon Building Square Footage and for Non-Residential Property shall be levied based on Acreage. 14-25 TABLE 1 Maximum Special Tax for Category 1 Community Facilities District 97-2 Improvement Area C Resource Operations & Description Monitoring Maintenance Residential $0.0054 $0.0086 Non-Residential $87.3126 $138.6152 Category II Category includes each Assessor's Parcel of Taxable Property within the District for which a Final Map has been recorded, but which is-not classified as a Developed Parcel ("Category II"). The Maximum Special Tax for Resource Monitoring, and Preserve Operations and Maintenance that may be levied for Fiscal Year 2002/03 on each Assessor's Parcel in Category II shall be shown in Table 2 below (said amount to be levied pro rata for any portion of an Acre). TABLE 2 Maximum Special Tax for Category II Community Facilities District No. 97-2 Improvement Area C Resource Monitoring Operation 8 Maintenance $87.3126 per Acre $138.6152 per Acre Category III Category III includes each Parcel of Taxable Property within the District not subject to Special tax under any other category ("Category III"). The Maximum Special tax which may be levied for Fiscal Year 2002103 on Taxable Property within Category III shall be as shown in Table 3 below (said amount to be levied pro rate for any portion of an Acre). TABLE 3 Maximum Special Tax for Category III Community Facilities District No. 97-2 Improvement Area C Resource Monitoring Operation & Maintenance $56.3516 per Acre I $89.4627 per Acre Exempt Category The Exempt Category includes each property owned, conveyed or irrevocably offered for dedication to a public agency, or land which is in the public right-of-way unmanned utility easements which make utilization for other than the purpose set 14-26 forth in the easement impractical, common areas, private streets and parcels; and open space lots ("Exempt Categoryn). In-some instance an Assessor's Parcel of Developed Property may contain more than one Land use Class. The Maximum Special Tax that may be levied on an Assessor's Parcel shall be the sum of the Maximum special Tax levies that may be levied on all Land Uses Classes located on that Assessors Parcel. The CFD Administrator's shall determine the allocation each Land Use Class. Annual Escalation of Maximum Special Tax The Maximum Special Tax as shown in the tables above that may be levied on each Assessor's Parcel in Area C shall be increased each Fiscal Year beginning in Fiscal Year 200304 and thereafter by a factor equal to the annual percentage change in the San Diego Metropolitan Area all Urban Consumer Price Index (All Items). D. METHOD OF APPORTIONMETN OF THE SPECIAL TAX Commencing with Fiscal Year 200304, and for each following Fiscal Year, the Council shall levy the Area C Special Tax at the rates established pursuant to steps 1 through 4 below so that the amount of the Special Tax levied equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows: Step 1: Determine the revenue which could be generated by Parcels assigned to Category I by multiplying the Building Square Footage for Parcels classified as Residential Parcels by the Maximum Special Tax per Building Square Foot for Resource Monitoring, and Preserve Operations and Maintenance for Parcels and adding to that the maximum revenue which could be generated by multiplying the total acres for Parcels classfed as Non-Residential Parcels by the Maximum Special Tax per Acre for Resource Monitoring and Preserve Operations and Maintenances. Step 2: If the total revenue as calculated in Step 1 is greaser than the estimated Special Tax Liability for Improvement Area C, reduce the Special Tax for each Parcel proportionately so that the Special Tax levy for Fiscal Year is equal to the Special Tax Liability for the Fiscal Year. Step 3: If the total revenue as calculated in Step 1 is less than the Special Tax Liability for Improvement Area C, a Special Tax shall be levied upon each Parcel within Improvement Area C, classified as Category 11. The Special Tax for Parcels assigned to the Category II shall be calculated as the lessor of: (i) The Special Tax Liability for Improvement Area C as determined by the City, less the total revenue generated far all Parcels under Step 1 above, divided by the total Acres for all Parcels within Improvement Area C assigned to Category II, OR (ii) The Maximum Special Tax rate far Parcels assigned to Category 11. 14-27 Step 4: If the total revenue as calculated in Step 1 and 3 is less than the Special Tax Liability, for Improvement Area C, a Special Tax shall be levied upon each Parcel within Improvement Area C classified as Category lll. The Special Tax for Parcels assigned the Category III shall be calculated as the lessor of: (i) The Special Tax Liability for Improvement Area C as determined by the City, less the total revenue generated for all Parcels under Step 1 and 3 above, divided by the total Acres for all Parcels within Improvements Area C assigned to Category III, OR (ii) The Maximum Special Tax rate for Parcels assigned to Category III and within Improvement Area C. However, in the event it is determined that the Special Tax Liability for Improvement Area C includes delinquent Special Taxes from Parcel in Category III from the prior Fiscal Year, the City shall determine the amount of delinquent taxes that arose from such parcels and identify the owner(s). The amount of delinquent Special Taxes, if any, that arose from the applicable owner(s) shall first be divided by the total Category III Acres owned by such owner(s) and collected from the applicable owner(s) with the remaining portion of the Spedial Tax Liability no related to delinquent Special Taxes to be collected from all Parcels in Category III according to the procedure set forth in the preceding paragraph. Notwithstanding the above, under no circumstances with the Special Tax be levied against any Assessor's Parcel of Residential Property or Multi-Family Property for which an occupancy permit for private residential use has been issued be increased by more than ten percent annually up to the Maximum Special Tax as a consequence of delinquency or default by the owner of any other Assessor's Parcel within Area C of the CFD. E. APPEALS Any landowner or resident who pays the Special Tax and believes that the amount of the Special Tax levied on their Assessor's Parcel is in error shall first consult with the CFD Administrator regarding such error. If following such consultation, the CFD Administrator determines that an error has occurred; the CFD Administrator may amend the amount of the Special Tax levied on such Assessor's Parcel. If following such consultation and action, if any by the CFD Administrator, the landowner or resident believes such error still exists; such person may file a written notice with the City Clerk of the City appealing the amount of the Special Tax levied on such Assessor's Parcel. Upon the receipt of any such notice, the City Clerk shall forward a copy of such notice to the City Manager who shall establish as part of the proceedings and administration of the CFD, a special three-member Review/Appeal Committee. The Review/Appeal Committee may establish such procedures, as it deems necessary to undertake the review of any such appeal. The Review/Appeal Committee shall interpret this Rate and Method of Apportionment 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. 14-28 F. MANNER OF COLLECTION Special Taxes levied pursuant to Section D above shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the CFD Administrator may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner if necessary to meet the financial obligation of Area C of the CFD or as otherwise determined appropriate by the CFD Administrator. G. TERM OF SPECIAL TAX Taxable Property in Area C of the CFD shall remain subject to the Special Tax in perpetuity. 14-29