HomeMy WebLinkAbout2014-07-08 Item 12
City of Chula Vista
Staff Report
File#:, Item#: 12.
14-0384
RESOLUTIONNO.2014-128OFTHECITYCOUNCILOFTHECITYOFCHULAVISTA
AUTHORIZINGTHELEVYOFMAXIMUMSPECIALTAXESFORFISCALYEAR2014/2015
WITHINCOMMUNITYFACILITIESDISTRICTS97-1,97-2,97-3,98-1,98-2,98-3,99-1,99-2,2000-
1,2001-1,2001-2,06-I,07-I,07-M,08-I,08-M,09-M,11-M,12-I,12-M,13-IAND13-M;AND
DELEGATINGTOTHECITYMANAGER,ORDESIGNEE,THEAUTHORITYTOPREPAREAND
SUBMITACERTIFIEDLISTOFALLPARCELSSUBJECTTOTHESPECIALTAX,INCLUDING
THE AMOUNT OF THE TAX, TO THE COUNTY AUDITOR
RECOMMENDED ACTION
Council adopt the resolution.
SUMMARY
Twenty-two(22)CommunityFacilitiesDistricts(CFDs)wereformedduringFiscalYears1998-2007.
Eachyear,aspecialtaxmustbeleviedineachofthedistrictstopayforthemaintenanceofopen
spacepreserveareasandmaintenanceofotherpublicfacilities,ortorepaybondholders.The
presentitemwillauthorizethelevyofmaximumspecialtaxesforCFDs97-1,97-2,97-3,98-1,98-2,
98-3,99-1,99-2,2000-1,2001-1,2001-2,06-I,07-I,07-M,08-M,08-I,09-M,11-M,12-M,12-I,13-M
and 13-I.
ENVIRONMENTAL REVIEW
TheDirectorofDevelopmentServiceshasreviewedtheproposedactivityforcompliancewiththe
CaliforniaEnvironmentalQualityAct(CEQA)andhasdeterminedthattheactivityisnota"Project"as
definedunderSection15378oftheStateCEQAGuidelinesbecauseitconsistsofagovernmental
fiscalactivitythatwillnotresultindirectorindirectadversephysicalchangestotheenvironment.
Therefore,pursuanttoSection15060(c)(3)oftheStateCEQAGuidelinestheactivityisnotsubjectto
CEQA. Thus, no environmental review is necessary.
BOARD/COMMISSION RECOMMENDATION
Not Applicable
DISCUSSION
InJanuary1998,CityCounciladoptedtheCityofChulaVistaStatementofGoalsandPolicies
RegardingtheEstablishmentofCommunityFacilitiesDistricts.Thisdocumentallowedtheuseof
CFDs as a public financing mechanism for:
Acquisition and/or construction of public improvements and facilities;
Financing of authorized public services; and
To repay bonded indebtedness or other related expenses.
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DuringFiscalYears1998/1999through2006/2007,thefollowingCFDswereformedintheOtay
Ranch, Sunbow II, San Miguel Ranch, Eastlake, and Rolling Hills Ranch areas:
Table 1. Community Facilities Districts within the City of Chula Vista
CFDLocationPurpose
97-1Otay Ranch SPA 1, Villages 1 and 5Open Space maintenance
97-2Otay Ranch PreserveOpen Space maintenance
97-3Otay Ranch McMillin, SPA 1Bond Issue for acquisition of public facilities
98-1Otay Ranch Villages 1W, 2, 2W, 6, 7, 12Interim Open Space maintenance
98-2Otay Ranch McMillin SPA 2, Villages 6, 7Interim Open Space maintenance
98-3Sunbow IIOpen Space maintenance
99-1Otay Ranch SPA 1, Villages 1, 5, 1WBond Issue for acquisition of public facilities
99-2Otay Ranch SPA 1, Village 1WOpen Space maintenance
2000-Sunbow II, Villages 5-10Bond Issue for acquisition of public facilities
1
2001-San Miguel Ranch, Areas A and BBond Issue for acquisition of public facilities
1
2001-McMillin Otay Ranch, Village 6Bond Issue for acquisition of public facilities
2
06-IEastlake Woods, Vistas and Land SwapBond Issue for acquisition of public facilities
07-IOtay Ranch Village 11Bond Issue for acquisition of public facilities
07-MEastlake Woods, Vistas and Land Swap (Areas 1, 2)Maintenance District
08-IOtay Ranch, Village 6Bond Issue for acquisition of public facilities
08-MMcMillin & Otay Ranch Village 6 (Areas 1, 2)Maintenance District
09-MOtay Ranch Village 11Maintenance District
11-MRolling Hills RanchMaintenance District
12-IMcMillin Otay Ranch, Village 7Bond Issue for acquisition of public facilities
12-MMcMillin & Otay Ranch, Village 7Maintenance District
13-IOtay Ranch, Village 7Bond Issue for acquisition of public facilities
13-MOtay Ranch Village 2Maintenance District
Maximum Rate & Actual Rate
TheCityofChulaVistamakesthedistinctionbetweenthemaximumspecialtaxrateandtheamount
thattheCitymaycollectagainstthespecialtaxrate(i.e.,theactualrate).Themaximumspecial
taxesforFiscalYear2014/2015areproposedattheFiscalYear2014/2015maximumspecialtax
rates and adjusted by an inflation factor as defined in each district’s special tax report.
Theactualrate,ontheotherhand,istheamountactuallycollectedfromthepropertyownerandis
equalto,orlowerthan,theproposedmaximumspecialtaxrate.Theactualrateisbasedonthe
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budget,thereserverequirement,fundbalances,earnedinterest,andprioryears’savings.Each
year,theCouncilauthorizesthelevyofspecialtaxesonthemaximumauthorizedspecialtaxrates,
anddelegatestotheCityManager,ordesigneetheauthoritytoestablishthespecificspecialtaxrate
applicable to each parcel.
Themaximumspecialtaxrateandactualspecialtaxratefortheseexistinginfrastructureandopen
spacemaintenanceCFDsaredetailedinExhibitsAthroughU,andareaccompaniedbydistrict
maps.
Fiscal Year 2014/2015 Rates
Maximum Special Tax Rate
AccordingtotheRateandMethodofApportionmentforopenspacemaintenanceCFDs97-1,97-2,
98-1,98-2,98-3,and99-2,theMaximumSpecialTaxRates(seeexhibits)foreachfiscalyearafter
theinitialyearshallbeincreasedordecreasedbythelesseroftheannualpercentagechangeinthe
SanDiegoMetropolitanAreaAllUrbanConsumerPriceIndex(CPI)ortheannualpercentage
changeintheestimatedCaliforniaFourthQuarterPerCapitaPersonalIncomeascontainedinthe
Governor’sbudgetpublishedinJanuaryofeachyear.TheannualpercentagechangeintheCPI
wasapproximately(1.30%),whiletheestimatedCaliforniaFourthQuarterPerCapitaPersonal
Incomeincreasewas(0.26%).Staffthereforeusedthe(0.26%),whichisthelowerofthetwoannual
percentage changes.
AccordingtotheRateandMethodofApportionmentforopenspacemaintenanceCFDs07-M,08-M,
09-M,11-M,and12-MtheMaximumSpecialTaxshallbeincreasedeachfiscalyearaftertheinitial
yearandbyafactorequaltotheannualpercentagechangeintheSanDiegoMetropolitanAreaAll
UrbanConsumerPriceIndex.TheannualpercentagechangeintheCPIwasapproximately
(1.30%).
AccordingtotheRateandMethodofApportionmentforopenspacemaintenanceCFD13-M,the
MaximumSpecialTaxshallbeleviedbeginninginFiscalYear2007-2008andincreasedeachfiscal
yearthereafterbyafactorequaltothegreateroftheannualpercentageincrease,ifany,intheSan
DiegoMetropolitanAreaAllUrbanConsumerPriceIndex(AllItems)asreportedbytheStateof
CaliforniaDepartmentofFinance,or4%.ThefactorthatwillbeusedforthisCFDwillbe4%,which
is greater than the San Diego Metropolitan Area All Urban Consumer Price Index (1.30%).
ThemaximumauthorizedandprojectedannualSpecialTaxratesforallCommunityFacilities
DistrictsaregiveninExhibitsAthroughU.Squarefootage(SF)referstobuildingfloorarea,and
acreagereferstothetotallotsize.ForCFD98-3,asingle-familydwellingunitisequivalenttoone
EDU.Costsarespreadtomulti-familyunitsonthebasisof0.8EDUperunitforstreetmediansand
parkways, and 1.0 EDU per unit for all other facilities in the CFD.
Actual Special Tax Rate
TheSpecialTaxLevyReportsforthemaintenanceCFDs97-1,97-2,98-1,98-3,99-2,07-M,08-M,
09-M,11-M,12-Mand13-Mrequiretheestablishmentofafundreserveforeachdistrictofupto
100%ofthetotalannualoperatingbudgetinordertoproviderevenueforthefirsthalfofthefiscal
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yearbeforeanyincomeisreceivedandtoprovideforcostoverrunsanddelinquencies.A50%
reservehasbeenprovidedinsomeoftheseCFDsbyincludinganadditional50%oftheFiscalYear
2014/2015budgets.ThereservesshouldprovidesufficientfundingthroughDecember31,2014.
Additionalreservesmayberealizeddependingonthescheduleforacceptingnewlandscaping
improvements during the fiscal year and/or cost savings throughout the year.
TheFiscalYear2014/2015actualspecialtaxrateshavenotbeenfinalizedatthistime.California
GovernmentCodeSection53340(“GovernmentCode”)permitstheCityCounciltosetthemaximum
rateforthelevyofthespecialtaxesandtoauthorizetheCityManagerorhisdesigneetofixthe
amountofthelevyatthismaximumrateorlowerbasedontheCertifiedListofallParcelssubjectto
thespecialtaxlevy,whichlistisprovidedtotheCitybytheCountyAuditor.Inaccordancewiththe
GovernmentCode,staffproposesthattheCityCouncilestablishthemaximumrateoftheleviesand
authorizetheCityManager,ordesignee,tosetthespecialtaxatthemaximumrateorlowerbased
on the Certified List of all Parcels subject to the special tax levy.
OncetheCouncilhaspassedthisresolution,finalSpecialTaxLevyReportswillbecompleted,which
willincludealistofallparcelnumbersandchargesapplicabletoeachparcel.Thefinalreportswill
thenbesubmittedtotheCountyAuditorbytherequireddateinaccordancewiththedeadlinesetby
San Diego County.
DECISION-MAKER CONFLICT
StaffhasreviewedthepropertyholdingsoftheCityCouncilandhasfoundnopropertyholdings
within500feetoftheboundariesofthepropertieswhicharesubjectofthisaction.Staffisnot
independentlyaware,norhasstaffbeeninformedbyanyCouncilmember,ofanyotherfactthatmay
constitute a basis for a decision maker conflict of interest in this matter.
LINK TO STRATEGIC GOALS
TheCity’sStrategicPlanhasfivemajorgoals:OperationalExcellence,EconomicVitality,Healthy
Community,StrongandSecureNeighborhoodsandaConnectedCommunity.Wellmaintainedopen
spacepreserveareasandotherpublicfacilitiesenrichacommunity’squalityoflifeandencourage
residentstoengageinhealthylifestyleactivitiesthatsupportandpromotewellnessandHealthy
Communities.
CURRENT YEAR FISCAL IMPACT
Infrastructure Districts
ThescheduleddebtserviceforbondedinfrastructuredistrictsinFiscalYear2014/2015totals
$14,701,456andisdetailedinthetablebelow.Projectedspecialtaxrevenueswillbesufficientto
cover these amounts with no impact to the General Fund.
DistrictDebt Service
CFD 97-3$814,042.00
CFD 99-12,922,984.00
CFD 2000-1502,924.00
CFD 2001-1 (IA A)991,779.00
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CFD 2001-1 (IA B)827,130.00
CFD 2001-2608,475.00
CFD 06-I2,351,736.00
CFD 07-I2,484,922.00
CFD 08-I1,334,613.00
CFD 12-I1,131,032.00
CFD 13-I713,819.00
Total$14,701,456
Maintenance Districts
Thefullcostofprovidingmaintenanceservicesinthesedistrictstotals$8,646,200.71.Thisentire
amountisrecoveredthroughtheCFDs'specialtaxleviesandreserves,resultinginnonetimpactto
the General Fund.
ONGOING FISCAL IMPACT
ThereisnoongoingfiscalimpacttotheGeneralFundasmaintenanceservicesinthesedistrictswill
be recovered through the CFDs' special tax levies and reserves.
ATTACHMENTS
1.District Maps
2.CFD Tables
Staff Contact: Silvia Cosio
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CFD MAINTENANCE DISTRICT NO. CFD07M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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NOT TO SCALE
Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD07M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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NOT TO SCALE
Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD07M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD07M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD08M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD09M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD11M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD12M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD12M
City of Chula Vista
County of San Diego
State of California
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD12M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD13M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD13M
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD97-1
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD97-1
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
Boundary Map
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Path: P:\\Projects\\PUBLICWORKS\\CFD\\CFDDiagram.mxdDate: 6/28/2012
CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
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State of California
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CFD MAINTENANCE DISTRICT NO. CFD97-2
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD98-1
City of Chula Vista
County of San Diego
State of California
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CFD MAINTENANCE DISTRICT NO. CFD98-2
City of Chula Vista
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CFD MAINTENANCE DISTRICT NO. CFD98-3
City of Chula Vista
County of San Diego
State of California
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POINT LA JOLLA DR
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CFD MAINTENANCE DISTRICT NO. CFD98-3
City of Chula Vista
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CFD MAINTENANCE DISTRICT NO. CFD99-2
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EXHIBIT A
Community Facilities District No. 97-1
(Otay Ranch Open Space Maintenance District)
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates FY 2014/2015
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Special Tax Area A:
Residential $0.1148/sf $0.0941/sf$0.1151/sf$0.1151/sf
Non-residential $1,554.91/acre $1,274.83/acre$1,558.95/acre$1,558.95/acre
Vacant $1,758.97/acre $0.00/acre$1,763.54/acre$1,763.54/acre
Estimated Revenue Special Tax Area A: $1,160,141
Special Tax Area B:
Residential $0.2689/sf $0.2140/sf$0.2696/sf$0.2696/sf
Non-residential $3,452.64/acre $2,747.41/acre$3,461.62/acre$3,461.62/acre
Vacant $3,904.28/acre $0.00/acre$3,914.44/acre$3,914.44/acre
Estimated Revenue Special Tax Area B: $1,874,743
CFD 97-1, finances open space maintenance for Otay Ranch SPA One Villages One and Five, and
consists of two Special Tax Areas. Area A covers the entire district and includes maintenance of
parkways, medians and regional trails along Telegraph Canyon Road, Otay Lakes Road, Paseo Ranchero,
La Media Road and Olympic Parkway, Telegraph and Poggi Canyon detention basins, channels, and
pedestrian bridges.
Area B, which excludes the McMillin development, maintains connector trails, slopes and perimeter walls
or fences along major streets in the district.
The Fiscal Year 2014/2015 budget for Area A is $981,748 and for Area B is $1,304,892.
EXHIBIT B
Community Facilities District No. 97-2
(Otay Ranch Preserve)
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates FY 2014/2015
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Special Tax Area A:
Residential $0.017/sf $0.0035/sf$0.017/sf$0.017/sf
Non-residential $284.98/acre $58.50/acre$285.72/acre$285.72/acre
Final Map $284.98/acre $0.00/acre$285.72/acre$285.72/acre
Vacant $180.26/acre $0.00/acre$180.73/acre$180.73/acre
See Area C
Estimated Revenue Special Tax Area A:
Below
Special Tax Area B:
Residential $0.006/sf $0.00/sf$0.006/sf$0.006/sf
Non-residential $110.13/acre $0.00/acre$110.42/acre$110.42/acre
Final Map $110.13/acre $0.00/acre$110.42/acre$110.42/acre
Vacant $69.66/acre $24.91/acre$69.84/acre$69.84/acre
See Area C
Estimated Revenue Special Tax Area B:
Below
Special Tax Area C:
Residential $0.018/sf $0.0071/sf$0.019/sf$0.019/sf
Non-residential $303.68/acre $114.48/acre$307.65/acre$307.65/acre
Final Map $303.68/acre $0.00/acre$307.65/acre$307.65/acre
Vacant $196.00/acre $0.00/acre$198.55/acre$198.55/acre
Estimated Revenue Special Tax Area A, B, and C: $599,192.87
CFD 97-2 finances perpetual preserve maintenance, operation and management, biota monitoring,
preserve security, and preserve improvements in the Otay Ranch Preserve area.
The Fiscal Year 2014/2015 budget for this district is set at $719,000. This budget was provided by the
County staff, which works in accordance with City staff, together known as the Preserve Owner Manager
(POM). County staff has included in the budget, one time costs for baseline biological surveys on
estimated additional lands conveyed to the POM in FY 2014/2015.
EXHIBIT C
Community Facilities District No. 98-1
(Otay Project Interim Open Space Maintenance District)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Taxable Property $140.11/acre $0.00/acre$140.48/acre$0.00/acre
Estimated Revenue: $0.00
Community Facilities District No. 98-2
(Otay Project McMillin Interim Open Space Maintenance District)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Taxable Property $64.92/acre $0.00/acre$65.08/acre$0.00/acre
Estimated Revenue: $0.00
CFDs 98-1 and 98-2 were created as interim districts because the areas of Otay Ranch included in these
districts were not developed and the density of development was not yet known at the time that these
districts were established. These districts were formed to provide a guarantee for financing of a portion of
the cost of maintenance of portions of the parkways and medians along Telegraph Canyon Road, Paseo
Ranchero, and Olympic Parkway. They also include the Telegraph and Poggi Canyon detention basins
and channels allocable to the properties within these districts. Both CFD 98-1 and CFD 98-2 will remain
in place until a permanent financing plan is established for the maintenance of the facilities, through the
formation of new CFDs.
A portion of CFD 98-1 has been absorbed by CFD 99-2 with other portions absorbed by CFDs 08-M, 12-
M, and 13-M. The Fiscal Year 2014/2015 budget for this district totals $11,520; therefore no special
taxes will be levied within this district in Fiscal year 2014/2015.
A portion of CFD 98-2 has been taken over by maintenance district CFD 08-M with other portions of the
district covered through CFD 12-M. None of the improvements in CFD 98-2 are expected to be turned
over to the City in Fiscal Year 2014/2015 and therefore no special taxes will be levied within this district
in Fiscal Year 2014/2015.
EXHIBIT D
Community Facilities District No. 98-3
(Sunbow II Open Space Maintenance District No. 35)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Residential $473.22/EDU $333.28/EDU$474.45/EDU$474.45/EDU
Commercial $4,129.43/acre $2,908.30/acre$4,140.16/acre$4,140.16/acre
Industrial $3,688.60/acre $0.00/acre$3,698.19/acre$3,698.19/acre
Undeveloped $2,827.60/acre $0.00/acre$2,834.95/acre$2,834.95/acre
Estimated Revenue: $1,331,656
CFD 98-3 finances open space maintenance in the Sunbow II development. This includes maintenance of
street medians, parkways, slopes, drainage channels, and basins, and biological monitoring of native and
re-vegetated open space. The Fiscal Year 2014/2015 budget for this district totals $886,105.
EXHIBIT E
Community Facilities District No. 99-2
(Otay Ranch SPA 1, Village 1 West - Open Space Maintenance)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Residential $0.4749/sf $0.2555/sf$0.4762/sf$0.4762/sf
Undeveloped $5,857.29/acre $0.00/acre$5,872.52/acre$5,872.52/acre
Estimated Revenue: $1,255,020
As verified by the City’s Special District Counsel, property owners within the area of CFD 98-1 not
included within CFD 99-2 will only be taxed for landscaped areas from the centerline of Olympic
Parkway south to the District boundary.
CFD 99-2 has taken over the financing of that portion of costs of maintenance allocable to the property
within CFD 98-1 from the centerline of Olympic parkway north to Telegraph Canyon Road. A total
budget of $784,887 is for Fiscal Year 2014/2015.
EXHIBIT F
Community Facilities District No. 07-M
(EastLake III – Woods, Vistas, and Land Swap – Open Space Maintenance)
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates FY 2014/2015
Land Use Maximum Estimated
Maximum Rate Actual Rate Projected Rate
CategoryRateRevenue
Improvement Area 1:
Residential $0.1451/sf $0.0763/sf$0.1470/sf$0.1470/sf
Multi-family $0.1451/sf $0.0763/sf$0.1470/sf$0.1470/sf
Non-residential $1,877.23/acre $0.00/acre$1,901.75/acre$1,901.75/acre
Final Map $1,877.23/acre $0.00/acre$1,901.75/acre$1,901.75/acre
Other taxable $1,877.23/acre $0.00/acre$1,901.75/acre$1,901.75/acre
Property Assoc.
$1,877.23/acre $0.00/acre$1,901.75/acre$1,901.75/acre
Property
Estimated Revenue Area 1: $886,874
Improvement Area 2:
Residential $0.094/sf $0.089/sf$0.095/sf$0.095/sf
Multi-family $0.094/sf $0.089/sf$0.095/sf$0.095/sf
Non-residential $519.90/acre $496.98/acre$526.69/acre$526.69/acre
Final Map $1,418.03/acre $0.00/acre$1,436.55/acre$1,436.55/acre
Other taxable $1,418.03/acre $0.00/acre$1,436.55/acre$1,436.55/acre
Property Assoc.
$1,418.03/acre $0.00/acre$1,436.55/acre$1,436.55/acre
Property
Estimated Revenue Area 2: $137,817
CFD 07-M provides the necessary funding for the perpetual operation and maintenance of slopes,
medians, parkways and storm water treatment facilities associated with EastLake III – Woods, Vistas, and
Land Swap Parcel (south parcel only) and Annexation No. 1.
The budgets for Fiscal Year 2014/2015 are $459,247 for Improvement Area 1 and $112,699 for
Improvement Area 2.
EXHIBIT G
Community Facilities District No. 08-M
(McMillin Otay Ranch and Otay Ranch Village 6 – Open Space Maintenance)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Improvement Area 1:
Residential $0.470/sf $0.422/sf$0.476/sf$0.476/sf
Multi-family $0.346/sf $0.311/sf$0.351/sf$0.351/sf
Non-residential $2,941.81/acre $0.00/acre$2,980.23/acre$2,980.23/acre
Final Map $7,804.90/acre $0.00/acre$7,906.83/acre$7,906.83/acre
Other taxable –
$7,804.90/acre $0.00/acre$7,906.83/acre$7,906.83/acre
Residential
Other taxable –
$7,265.83/acre $0.00/acre$7,360.72/acre$7,360.72/acre
Multi-family
Other taxable –
$2,941.81/acre $0.00/acre$2,980.23/acre$2,980.23/acre
Non-residential
Property
Association$7,804.90/acre $0.00/acre$7,906.83/acre$7,906.83/acre
Property
Estimated Revenue Area 1: $780,695
Improvement Area 2:
Residential $0.241/sf $0.235/sf$0.245/sf$0.245/sf
Multi-family $0.241/sf $0.235/sf$0.245/sf$0.245/sf
Non-residential $5,010.16/acre $0.00/acre$5,075.59/acre$5,075.59/acre
Final Map $5,010.16/acre $0.00/acre$5,075.59/acre$5,075.59/acre
Other taxable $5,010.16/acre $0.00/acre$5,075.59/acre$5,075.59/acre
Property
Association$5,010.16/acre $0.00/acre$5,075.59/acre$5,075.59/acre
Property
Estimated Revenue Area 2: $535,059
CFD 08-M finances the perpetual operation and maintenance of slopes, medians, parkways, trails,
perimeter walls, perimeter fencing and storm water treatment facilities associated with Village 6,
McMillin Otay Ranch and Otay Ranch Company.
The budgets for Fiscal Year 2014/2015 are $512,124 for Improvement Area 1 and $413,477 for
Improvement Area 2.
EXHIBIT H
Community Facilities District No. 09-M
(Otay Ranch Village 11 – Brookfield Shea)
FY 2013/2014 Special Tax FY 2014/2015 Special Tax FY
Rates Rates 2014/2015
Land Use Maximum Maximum ProjectedEstimated
Density Actual Rate
CategoryRateRateRateRevenue
Developed:
Residential 0 to 8 $610.73/DU$465.35/DU$618.71/DU$618.71/DU
Residential >8 to 20 $488.58/DU$372.28/DU$494.96/DU$494.96/DU
Residential >20 $366.43/DU$279.20/DU$371.21/DU$371.21/DU
Non-residential N/A $2,345.22/acre$1,786.97acre$2,375.85/acre$2,375.85/acre
Undeveloped:
Approved
$2,345.22/acre$0.00/acre$2,375.85/acre$2,375.85/acre
Property
Undeveloped
$2,345.22/acre$0.00/acre$2,375.85/acre$2,375.85/acre
Property
Taxable
Property
Owner $2,345.22/acre$0.00/acre$2,375.85/acre$2,375.85/acre
Association
Property
Estimated Revenue:$1,224,395
CFD 09-M finances the perpetual operation and maintenance of slopes, medians, parkways, trails,
perimeter walls, perimeter fencing and storm water treatment facilities associated with Village 11,
Brookfield Shea Otay.
The Fiscal Year 2014/2015 budget is estimated to be $995,458.
EXHIBIT I
Community Facilities District No. 11-M
(Rolling Hills Ranch McMillin – Open Space Maintenance)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Residential $398.09/DU $75.20/DU$403.28/DU$403.28/DU
Non-residential $811.37/acre $0.00/acre$821.97/acre$821.97/acre
Final Map $811.37/acre $0.00/acre$821.97/acre$821.97/acre
Other taxable $811.37/acre $0.00/acre$821.97/acre$821.97/acre
Property Assoc.
$811.37/acre $0.00/acre$821.97/acre$821.97/acre
Property
Estimated Revenue: $172,502
CFD 11-M finances the perpetual operation, monitoring and maintenance of Multiple Species
Conservation Program (MSCP) lots, Tarplant Preserve lots, Johnson Canyon Tarplant Preserve and storm
water treatment facilities associated with Rolling Hills Ranch, Sub Area III.
The Fiscal Year 2014/2015 budget is estimated to be $136,651.
EXHIBIT J
Community Facilities District No. 12-M
(McMillin Otay Ranch and Otay Ranch Village Seven – Open Space Maintenance)
FY 2013/2014 Special Tax FY
FY 2014/2015 Special Tax Rates
Rates 2014/2015
Estimated
Land Use CategoryMaximum Rate Actual Rate Maximum Rate Projected Rate
Revenue
Developed:
Improvement Area 1 –
$0.457/sf $0.00/sf$0.463/sf$0.463/sf
Residential
Improvement Area 1 –
$9,003.86/acre $0.00/acre$9,121.45/acre$9,121.45/acre
Non-residential
Improvement Area 2 –
$0.625/sf $0.407/sf$0.633/sf$0.633/sf
Residential
Improvement Area 2 –
$10,077.21/acre $0.00/acre$10,208.82/acre$10,208.82/acre
Non-residential
Undeveloped:
Improvement Area 1 –
$9,003.86/acre $0.00/acre$9,121.45/acre$9,121.45/acre
Final Map
Improvement Area 1 –
Other Taxable $9,003.86/acre $0.00/acre$9,121.45/acre$9,121.45/acre
Property
Improvement Area 1 –
Taxable Property
$9,003.86/acre $0.00/acre$9,121.45/acre$9,121.45/acre
Owner Assoc.
Property
Improvement Area 2 –
$10,077.21/acre $0.00/acre$10,208.82/acre$10,208.82/acre
Final Map
Improvement Area 2 –
Other Taxable $10,077.21/acre $0.00/acre$10,208.82/acre$10,208.82/acre
Property
Improvement Area 2 -
Taxable Property
$10,077.21/acre $0.00/acre$10,208.82/acre$10,208.82/acre
Owner Association
Property
Estimated Revenue:$1,381,528
CFD 12-M provides the finances for the perpetual operation and maintenance of landscaping and storm
water quality improvements associated with McMillin Otay Ranch and Otay Ranch Village 7.
Improvement Area 1 generally lies south of Birch Road, east of Magdalena Avenue, and west of SR-125.
Improvement Area 2 is generally located east of La Media Road, south of Birch Road, and west of
Magdalena Avenue.
The budgets for Fiscal Year 2014/2015 are $462,570 for Improvement Area No. 1 and $442,601 for
Improvement Area No. 2.
EXHIBIT K
Community Facilities District No. 13-M
(Otay Ranch Village Two)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Maximum Estimated
Actual Rate Maximum Rate Projected Rate
Land Use Category
RateRevenue
Residential $0.579/sf $0.141/sf$0.602/sf$0.602/sf
Non-residential $9,683.59/acre $0.00/acre$10,070.94/acre$10,070.94/acre
Final Map $9,683.59/acre $0.00/acre$10,070.94/acre$10,070.94/acre
Other taxable $9,683.59/acre $0.00/acre$10,070.94/acre$10,070.94/acre
Taxable Property
Owner Association $9,683.59/acre $0.00/acre$10,070.94/acre$10,070.94/acre
Property
Estimated Revenue: $6,143,306
CFD 13-M provides the necessary funding for the perpetual operation and maintenance of public
landscaping, storm water quality, walls, fencing, trails, pedestrian bridges, and lighting improvements for
Otay Ranch Village Two.
Otay Ranch Village Two lies south of Olympic Parkway, west of La Media Road, and west of the
Landfill Site.
The budget for Fiscal Year 2014/2015 is $171,155.
EXHIBIT L
Community Facilities District No. 97-3
(Otay Ranch McMillin – Bond Issues)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Residential $0.3920/sf $0.3400/sf$0.3920/sf$0.3920/sf
Commercial $4,000/acre $3,446/acre$4,000/acre$4,000/acre
Community
$1,000/acre $0.00/acre$1,000/acre$1,000/acre
Purpose Facility
Undeveloped $7,954/acre $0.00/acre$7,954/acre$7,954/acre
Property Owner
Association$7,954/acre $0.00/acre$7,954/acre$7,954/acre
Property
Estimated Revenue: $1,031,421
CFD 97-3 was formed for the purpose of acquiring and financing public facilities improvements, such as
portions of La Media Road and East Palomar Street, in Otay Ranch McMillin SPA One.
Fiscal Year 2014/2015 administrative costs for CFD 97-3 are set at or less than $75,000 (as given in the
bond indenture), and scheduled debt service on the bonds to be paid from the Fiscal Year 2014/2015 levy
is $814,042.
EXHIBIT M
Community Facilities District No. 99-1
(Otay Ranch SPA I – Bond Issue)
FY
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates
2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Zone A (Village 1):
Residential $0.28/sf $0.22/sf$0.28/sf$0.28/sf
Commercial $1,600/acre $1,256.42/acre$1,600/acre$1,600/acre
Community
Purpose$400/acre $0.00/acre$400/acre$400/acre
Facility
See Entire
Estimated Revenue Special Tax Area A:
District
Below
Zone B (Village 5):
Residential $400/DU+0.29/sf $314.11/DU+0.23/sf$400/DU+0.29/sf$400/DU+0.29/sf
Commercial $3,717/acre $0.00/acre$3,717/acre$3,717/acre
Community
Purpose$929/acre $0.00/acre$929/acre$929/acre
Facility
See Entire
Estimated Revenue Special Tax Area B:
District
Below
Zone C (Village 1 West):
Residential $400/DU+0.44/sf $314.11/DU+0.35/sf$400/DU+0.44/sf$400/DU+0.44/sf
Commercial $4,266/acre $0.00/acre$4,266/acre$4,266/acre
Community
Purpose$1,066/acre $0.00/acre$1,066/acre$1,066/acre
Facility
See Entire
Estimated Revenue Special Tax Area C:
District
Below
Entire District:
Undeveloped $8,864/acre $0.00/acre$8,864/acre$8,864/acre
Property
Owner
$8,864/acre $0.00/acre$8,864/acre$8,864/acre
Association
Property
Estimated Revenue Special Tax Area C: $3,848,934
CFD 99-1 finances public improvements in a portion of Otay Ranch Village 1, Village 5 and Village 1
West. For CFD 99-1, administrative costs of $75,000 (as given in the bond indenture) and scheduled debt
service on the bonds of $2,922,984 are anticipated in Fiscal Year 2014/2015.
EXHIBIT N
Community Facilities District No. 2000-1
(Sunbow II Villages 5 through 10 – Bond Issue)
FY 2013/2014 Special Tax
FY 2014/2015 Special Tax Rates FY 2014/2015
Rates
Land Use Maximum Maximum Estimated
Actual Rate Projected Rate
CategoryRateRateRevenue
Residential $0.4400/sf $0.3564/sf$0.4400/sf$0.4400/sf
Undeveloped $7,851/acre $0.00/acre$7,851/acre$7,851/acre
Property Owner
Association$7,851/acre $0.00/acre$7,851/acre$7,851/acre
Property
Estimated Revenue: $668,748
CFD 2001-1 finances various public facilities serving the Sunbow II development along Telegraph
Canyon Road, Medical Center Road and East Palomar Street.
For CFD 2000-1, administrative costs for Fiscal Year 2014/2015 are projected to be $35,000 (as given in
the bond indenture) and scheduled debt service on the bonds is $502,924.
EXHIBIT O
Community Facilities District No. 2001-1
(San Miguel Ranch – Bond Issue)
FY
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates
2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Improvement Area A:
Residential $475/DU+0.34/sf $412.21/DU+0.30/sf$475/DU+0.34/sf$475/DU+0.34/sf
Commercial $5,091/acre $0.00/acre$5,091/acre$5,091/acre
Undeveloped $10,376/acre $0.00/acre$10,376/acre$10,376/acre
See Entire
Estimated Revenue Improvement Area A:
District
Below
Improvement Area B:
Residential $475/DU+0.82/sf $418.13/DU+0.72/sf$475/DU+0.82/sf$475/DU+0.82/sf
Commercial $4,000/acre $3,521.12/acre$4,000/acre$4,000/acre
Undeveloped
$10,444/acre $0.00/acre$10,444/acre$10,444/acre
(Zone 1)
Undeveloped
$4,444/acre $0.00/acre$4,444/acre$4,444/acre
(Zone 2)
See Entire
Estimated Revenue Improvement Area B:
District
Below
Estimated Revenue Entire District: $2,312,187
CFD 2001-1 is divided by SR-125 into two separate improvement areas, Improvement Area A (east of
SR-125) and Improvement Area B (west of SR-125) and finances various public facilities serving the San
Miguel Ranch development such as Mount Miguel Road (East/West), Proctor Valley Road (East/West),
Calle La Marina, Paseo Vera Cruz, and Calle La Quinta.
For CFD 2001-1 Improvement Area A, administrative costs for Fiscal Year 2014/2015 are projected to be
$75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area A bonds is
$991,779.
For CFD 2001-1 Improvement Area B, administrative costs for Fiscal Year 2014/2015 are projected to be
$75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area B bonds is
$827,130.
EXHIBIT P
Community Facilities District No. 2001-2
(McMillin Otay Ranch, Village 6 – Bond Issue)
FY
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates
2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Residential $440/DU+0.34/sf $337.46/DU+0.26/sf$440/DU+0.34/sf$440/DU+0.34/sf
Non-
$11,365/acre $0.00/acre$11,365/acre$11,365/acre
residential
Undeveloped $11,365/acre $0.00/acre$11,365/acre$11,365/acre
Estimated Revenue:$893,021
CFD 2001-2 is located within Otay Ranch Village 6 and finances the backbone streets and associated
improvements (i.e. grading, sewer, streets, landscaping, utilities, etc.), public facilities improvements and
interim transportation facilities. The main facilities include Olympic Parkway, La Media Road, Birch
parkway, La Media Bridge, east Olympic Parkway Bridge, and a Neighborhood Park.
For CFD 2001-2, administration costs for Fiscal Year 2014/2015 are projected to be $75,000 (as given in
the bond indenture) and scheduled debt service on the bonds is $608,475.
EXHIBIT Q
Community Facilities District No. 06-I
(EastLake Woods, Vistas, and Land Swap – Bond Issue)
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates FY 2014/2015
Land Use Maximum Estimated
Maximum Rate Actual Rate Projected Rate
CategoryRateRevenue
Improvement Area A (Zone 1 – Vistas):
Residential $0.5800/sf $0.3371/sf$0.5800/sf$0.5800/sf
Commercial $6,000/acre $0.00/acre$6,000/acre$6,000/acre
Hotel Property $6,000/acre $0.00/acre$6,000/acre$6,000/acre
Undeveloped $11,037/acre $0.00/acre$11,037/acre$11,037/acre
Improvement Area A (Zone 2 – Woods):
Residential $0.6700/sf $0.3894/sf$0.6700/sf$0.6700/sf
Commercial $6,000/acre $0.00/acre$6,000/acre$6,000/acre
Undeveloped $8,332/acre $0.00/acre$8,332/acre$8,332/acre
Estimated Revenue Improvement Area A (Zones 1 and 2) $3,769,302
Improvement Area B (Zone 3 – Land Swap):
Residential $0.7400/sf $0.4756/sf$0.7400/sf$0.7400/sf
Commercial $6,000/acre $3,856/acre$6,000/acre$6,000/acre
Undeveloped $20,563/acre $0.00/acre$20,563/acre$20,563/acre
Improvement Area B (Zone 4 – Land Swap):
Residential $0.7400/sf $0.4756/sf$0.7400/sf$0.7400/sf
Commercial $6,000/acre $3,856/acre$6,000/acre$6,000/acre
Undeveloped $6,667/acre $0.00/acre$6,667/acre$6,667/acre
Estimated Revenue Improvement Area B (Zones 3 and 4) $840,028
CFD 06-I finances the acquisition or construction of certain public facilities (i.e., grading, landscaping,
streets, utilities, drainage, sewer, etc.) serving the EastLake – Woods, Vistas, and Land Swap project, as
well as selected “Traffic Enhancement” facilities within the greater eastern territories of Chula Vista.
The administration costs of the District for Fiscal Year 2014/2015 are projected to be $75,000 (as given in
the bond indenture) for each improvement area and scheduled debt service on the bonds is $2,351,736.
EXHIBIT R
Community Facilities District No. 07-I
(Otay Ranch Village 11 – Bond Issue)
FY 2013/2014 Special Tax FY 2014/2015 Special Tax
FY 2014/2015
Rates Rates
Land Use Maximum Maximum ProjectedEstimated
Density Actual Rate
CategoryRateRateRateRevenue
Residential 0 to 8 $1,675/DU$1,537/DU$1,675/DU$1,675/DU
Residential >8 to 20 $1,340/DU$1,230/DU$1,340/DU$1,340/DU
Residential >20 $1,005/DU$923/DU$1,005/DU$1,005/DU
Non-residential N/A $6,000/acre$5,506/acre$6,000/acre$6,000/acre
Zone A –
Approved $13,955/acre$0.00/acre$13,955/acre$13,955/acre
Property
Zone B –
Approved $24,218/acre$0.00/acre$24,218/acre$24,218/acre
Property
Zone A –
Undeveloped $13,955/acre$0.00/acre$13,955/acre$13,955/acre
Property
Zone B –
Undeveloped $24,218/acre$0.00/acre$24,218/acre$24,218/acre
Property
Zone A –
Provisional $13,955/acre$0.00/acre$13,955/acre$13,955/acre
Undeveloped
Zone B –
Provisional $24,218/acre$0.00/acre$24,218/acre$24,218/acre
Undeveloped
Estimated Revenue:$3,005,724
CFD 07-I finances the acquisition or construction of certain public facilities (i.e,. grading, landscaping,
streets, utilities, drainage, sewer, etc.) serving Brookfield Shea Otay project, as well as selected “Traffic
Enhancement” facilities within the greater eastern territories of Chula Vista. The Brookfield Shea Otay
project is bounded on the south and east by Hunte Parkway, and a curving arterial from south to northeast.
Olympic Parkway forms the northern edge and to the west is the extension of Eastlake Parkway.
The administration costs for Fiscal Year 2014/2015 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the bonds is $2,484,922.
EXHIBIT S
Community Facilities District No. 08-I
(Otay Ranch Village Six – Bond Issue)
FY 2013/2014 Special Tax FY
FY 2014/2015 Special Tax Rates
Rates 2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Residential $800/DU+0.35/sf $621/DU+0.27/sf$800/DU+0.35/sf$800/DU+0.35/sf
Non-residential $6,000/acre $0.00/acre$6,000/acre$6,000/acre
Zone A –
$16,858/acre $0.00/acre$16,858/acre$16,858/acre
Undeveloped
Zone B –
$26,445/acre $0.00/acre$26,445/acre$26,445/acre
Undeveloped
Zone A –
Provisional$16,858/acre $0.00/acre$16,858/acre$16,858/acre
Undeveloped
Zone B –
Provisional$26,445/acre $0.00/acre$26,445/acre$26,445/acre
Undeveloped
Estimated Revenue:$1,904,630
CFD 08-I finances the construction of backbone streets and associated improvements (i.e. grading, sewer,
streets, landscaping, utilities, etc.), public facilities, DIF improvements and Traffic Enhancement
Facilities within Otay Ranch Village Six. This district is divided into Zones A and B.
The administrative costs for Fiscal Year 2014/2015 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the bonds is $1,334,613.
EXHIBIT T
Community Facilities District No. 12-I
(McMillin Otay Ranch Village Seven – Bond Issue)
FY
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates
2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Residential $890/DU+0.79/sf $857/DU+0.76/sf$890/DU+0.79/sf$890/DU+0.79/sf
Non-residential $6,000/acre $0.00/acre$6,000/acre$6,000/acre
Zone A –
$24,383/acre $0.00/acre$24,383/acre$24,383/acre
Undeveloped
Zone B –
$41,621/acre $0.00/acre$41,621/acre$41,621/acre
Undeveloped
Zone A –
Contingent$24,383/acre $0.00/acre$24,383/acre$24,383/acre
Taxable
Zone B –
Contingent$41,621/acre $0.00/acre$41,621/acre$41,621/acre
Taxable
Estimated Revenue:$1,415,465
CFD 12-I finances the construction of backbone streets and associated improvements (i.e., grading, sewer,
streets, landscaping, utilities, etc.), public facilities, and DIF improvements within McMillin’s portion of
Otay Ranch Village Seven. This district is divided into Zone A and Zone B.
The administrative costs for Fiscal Year 2014/2015 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the bonds is $1,131,032.
EXHIBIT U
Community Facilities District No. 13-I
(Otay Ranch Village Seven)
FY
FY 2013/2014 Special Tax Rates FY 2014/2015 Special Tax Rates
2014/2015
Land Use Estimated
Maximum Rate Actual Rate Maximum Rate Projected Rate
CategoryRevenue
Residential $2,750/DU+0.45/sf $2,739/DU+0.45/sf$2,750/DU+0.45/sf$2,750/DU+0.45/sf
Non-
$6,000/acre $0.00/acre$6,000/acre$6,000/acre
residential
Zone A –
$59,505/acre $0.00/acre$59,505/acre$59,505/acre
Undeveloped
Zone B –
$37,818/acre $0.00/acre$37,818/acre$37,818/acre
Undeveloped
Zone A –
Contingent$59,505/acre $0.00/acre$59,505/acre$59,505/acre
Taxable
Zone B –
Contingent$37,818/acre $0.00/acre$37,818/acre$37,818/acre
Taxable
Estimated Revenue:$873,318
CFD 13-I finances the construction of backbone streets and associated improvements (i.e., grading, sewer,
streets, landscaping, utilities, etc), public facilities, and DIF improvements within Otay Ranch Village
Seven. This district is divided into Zone A and Zone B.
The administrative costs for Fiscal Year 2014/2015 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the bonds is $731,819.
RESOLUTION NO. 2014 - ________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2014/2015 WITHIN
COMMUNITY FACILITIES DISTRICTS 97-1, 97-2, 97-3, 98-1,
98-2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 06-I, 07-I, 07-M,
08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I AND 13-M; AND
DELEGATING TO THE CITY MANAGER, OR DESIGNEE,
THE AUTHORITY TO PREPARE AND SUBMIT A
CERTIFIED LIST OF ALL PARCELS SUBJECT TO THE
SPECIAL TAX, INCLUDING THE AMOUNT OF THE TAX,
TO THE COUNTY AUDITOR
WHEREAS, the following Community Facilities Districts (CFD)s have been previously
-
-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 06-I, 07-I, 07-M,
08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I and 13-M; and
WHEREAS, pursuant to The Act, each year following the establishment of a Community
Facilities District, the City Council may provide, by resolution, for the levy of the special tax at
established the respective CFD, or at a lower rate; and
WHEREAS, the Maximum Special Tax Rate(s) for Community Facilities Districts 97-1,
97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 06-I, 07-I, 07-M, 08-I, 08-M,
09-M, 11-M, 12-I, 12-M, 13-I and 13-M that are authorized to be levied for Fiscal Year
2013/2014 are set forth in Exhibits A through U, attached hereto and incorporated herein by
reference as if set forth in full; and
WHEREAS, once the City Council provides for the levy of the special tax by resolution,
the amount of the special tax levy is calculated and applied based on the previously-approved
budget for the respective CFD and the approved method of allocation; and
WHEREAS, section 53340 of The Act permits the City Council to authorize the clerk or
other official to file, with the County Auditor, a certified list of all parcels subject to the levy,
including the amount of tax to be levied on each parcel for the applicable tax year; and
WHEREAS, the certified list must be filed on or before August 10 of that tax year.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista acting as the legislative body of Community Facilities Districts 97-1, 97-2, 97-3, 98-1, 98-
2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 06-I, 07-I, 07-M, 08-I, 08-M, 09-M, 11-M, 12-I, 12-
M, 13-I and 13-M respectively, does hereby:
Resolution No. _________-2014
Page 2
SECTION 1. Establish the Maximum Special Tax Rates that may be levied for Fiscal
Year 2013/2014 in Community Facilities Districts 97-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2,
2000-1, 2001-1, 2001-2, 06-I, 07-I, 07-M, 08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I and 13-M
as the rates set forth in Exhibits A through U attached hereto.
SECTION 2. In accordance with California Government Code section 53340, delegate
the authority to and designate the City Manager, or his designee, as the official to prepare and
submit a certified list of all parcels subject to the levy of the Special Tax, including the amount
of the Special Tax to be levied on each parcel for Fiscal Year 2014/2015, which Special Tax
shall be based upon the budget for each such community facilities district as previously approved
by this City Council and which shall not exceed the applicable Maximum Special Tax set forth in
Exhibits A through U hereto, and to file such list with the auditor of the County of San Diego on
or before August 10, 2014 or such other later date with the prior written consent of such auditor.
Presented by Approved as to form by
Richard A. Hopkins Glen R. Googins
Director of Public Works City Attorney