HomeMy WebLinkAboutReso 2004-244
RESOLUTION NO. 2004-244
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2004/2005 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, 06-1, 07-1, 08-1,
07M, 08M AND 09M; AND DELEGATING TO THE CITY
MANAGER THE AUTHORITY TO ESTABLISH THE
SPECIAL TAX FOR EACH DISTRICT
WHEREAS, the maximum special tax rates 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, 06-1, 07-1, 08-1, 07M, 08M and
09M; authorized, pursuant to the approved rate and method of apportionment of special taxes for
each respective Community Facilities Districts, to be levied within each such Community
Facilities District for Fiscal Year 2004/2005 are set forth in Exhibits A through P, attached
hereto and incorporated herein by reference as if set forth in full; and
WHEREAS, this City Council desires to establish the maximum special tax rate that may
be levied in Community Facilities Districts Nos. 97-1,97-2,97-3, 98-1, 98-2, 98-3, 99-1, 99-2,
2000-1, 2001-1, 2001-2, 06-1, 07-1, 08-1, 07M, 08M and 09M in Fiscal Year 2004/2005 at the
rates as set forth in Exhibits A through P attached and to delegate to and designate the City
Manger as the official to prepare a certified list of all parcels subject to the special tax levy for
each Community Facilities District including the amount of such special tax to be levied on each
parcel for Fiscal Year 200412005 as authorized by Government Code Section 53340.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista,
acting as the legislative body of Community Facilities Districts Nos. 97-1, 97-2, 97-3, 98-1,
98-2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 06-1, 07-1, 08-1, 07M, 08M and 09M
respectively, as follows:
SECTION I. The foregoing recitals are true and correct.
SECTION 2. This City Council does hereby establish the maximum special tax rates that may
be levied for Fiscal Year 2004/2005 in Community Facilities Districts Nos. 97-1, 97-2, 97-3,
98-1,98-2,98-3,99-1,99-2,2000-1,2001-1,2001-2, 06-1, 07-1, 08-1, 07M, 08M and 09M as the
rates set forth in Exhibits A through P attached hereto.
SECTION 3. Pursuant to Government Code Section 53340, this City Council hereby delegates
the authority to and designates the City Manager as the official to prepare and submit a certified
list of all parcels subject to the levy of the special tax within the Community Facilities District to
which this resolution applies including the amount of the special tax to be levied on each parcel
for Fiscal Year 2004/2005 and to file such list with the auditor of the County of San Diego on or
before August 10, 2004 or such later date on or before August 21, 2004 with the prior written
consent of such auditor. The amount of the special tax to be levied on each such parcel shall be
based upon the budget for each such Community Facilities District as previously approved by
this City Council and shall not exceed the maximum special tax as set forth in Exhibits A
through P hereto applicable to the Community Facilities District in which such parcel being
taxed is located in San Diego on or before August 10, 2004 or such later date on or before
August 21, 2004 with the prior written consent of such auditor. The amount of the special tax to
be levied on each such parcel shall be based upon the budget for each such Community Facilities
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Resolution 2004-244
Page 2
District as previously approved by this City Council and shall not exceed the maximum special
tax as set forth in Exhibits A through P attached applicable to the Community Facilities District
in which such parcel being taxed is located.
Presented by Approved as to form by
~ G..~
Jb, rack Griffin Ann Moore
General Services Director City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 3rd day of August, 2004, by the following vote:
AYES: Councilmembers: Davis, Rindone, Salas and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: McCann
¿æ4~
ATTEST:
~ ~. '/~
Susan Bigelow, MMC, CitfClerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2004-244 was duly passed, approved, and adopted by the City Council at a
regular meeting ofthe Chula Vista City Council held on the 3rd day of August, 2004.
Executed this 3rd day of August, 2004.
- ~iu ~~k~
Susan Bigelow, MMC, City Clerk
EXHIBIT A
Community Facilities District No. 97-1
(Otay Ranch Open Space Maintenance District)
Special Tax Area A:
Residential $ O.O943/sf $ O.O287/sf $ O.O978/sf $ O.O367/sf
Non-residential $ 1,276.75/aae $ 388.15/aae $ 1,324.49/aae $ 492. 781aae
Vacant $ 1,444.30/aae $ O.OO/aae $ 1,498.31/aae $ 335.09/aae
Estimated Revenue Special Tax Area A: $ 370,316
Special Tax Area B:
Residential $ O.2208lsf $ O.O278/sf $ O.2291/sf $ O.1515/sf
Non-residential $ 2,834.99/aae $ 356.50/aae $ 2,941.00/aae $ 1945.87/aae
Vacant $ 3,205.841aae $ O.OO/aae $ 3,325.721aae $ O.OO/aae
Estimated Revenue Special Tax Area B: $ 1,038,474
CFD 9-7-1, -finaaces open space maintenance far Otay Ranch SPA One Villages One anti 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 2004-05 budget for this District totals $749,055 for
Area A and $1,083,868 for Area B.
EXHIBIT B
Community Facilities District No. 97-2
(Otay Ranch Preserve)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates I FY 2004-05
Laud Use Maximum Actual Estimated
Category Rate Rate Revenue
-- Improveme&t Area-A:
Residential $ 0.01421sf $ 0.0057/sf $ 0.0147/sf $ O.OIl/sf
Non-residential $ 229.34/aae $ 92.07/aae $ 237.92/aae $ 66.60/aae
Final Map $ 229.34/aae $ O.OO/aae $ 237.92/aae $ O.OO/acre
Vacant $ 148.02laae $ O. OO! aae $ 153.55/aae $ O.OO/aae
Estimated Revenue Improvement Area A: See Area C
Below
Improvement Area B:
Vacant $ $ 0.70/acre
Estimated Revenue Improvement Area B: $ 15,326
Improvement Area C:
Residential $ 0.0146/sf $ O.OO/sf $ 0.01511sf $ O.Oll/sf
Non-residential $ 234.87/aae $ o. OO! aae $ 243.66/aae $ 66.60/acre
Final Map $ 234.87/aae $ O.OO/acre $ 243.66/aae $ O.OO/acre
Vacant $ 151.59/aae $ O.OO/aae $ 157.26/acre $ O.OO/aae
Estimated Revenue Improvement Areas A and C: $ 36,033
Community Facilities District 97-2 finances the maintenance and biological monitoring of the
preserve created in the Otay Ranch area. The County' of San Diego has taken the lead in
maintaining this area in cooperation with the City. No maintenance or monitoring costs were
incurred during 1998 through 2002; however, work commenced during fiscal year 2002-03.
This district was originally established with two Special Tax Areas. Area A contains Otay
"Ranch SPA One Villages One and Five, Village One West, and Village Six. Area B contains the
remainder of the original district. During fiscal year 2002-03, Area C was created and contains
Village Eleven (Brookfield Shea). T?e fiscal year 2004-05 budget for this District totals
$252,106.
EXHIBIT C
Community Facilities District No. 97-3
(Otay Ranch McMIllin - Bond Issue)
FY 2003-04 Special Tax Rates I FY 2004.(]5 Special Tax Rates! FY 2004-05
Laud Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 0.3920/sf $ 0.3345/sf $ 0.3920/sf $ 0.3413/sf
Commercial $ 4,OOO/aae $ 3,413.261aae $ 4, OOO! aae $ 3,482.65/ac
Community Purpose $ 1,000/aae $ 853.32/acre $ I,OOO/aae $ 870.66/aae
Facility
Undeveloped $ 7,9541aae $ 0.00/ acre $ 7,9541aae $ O.OO/aae
Property Owner 7,9541aae $ O.OO/aae $ 7,9541aae $ O.OO/aae
Association Property $
Estimated Revenue: $ 872,559
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 2004-05 administrative costs for CFD 97-3 are set at or less than $75,000.00 (as
given in the bond indenture), and scheduled debt service on the bonds to be paid from the fiscal
year 2004-05 levy is $857,852.
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EXHIBIT D
Community Facilities District No. 98-1
(Otay Project Interim Open Space Maintenance District)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates I FY 2004-05
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Taxable $ 115.0S/acre $ 68.79/aae $ 119.36/acre $ 4.74/aae
Property
Estimated Revenue: $ 4,070
Community Facilities District No. 98-2
(Otay Project McMillin Interim Open Space Maintenance District)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates I FY 2004-05
Land Use Ma:ùmum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Taxable $ 53.08/aae $ O.OO/aae $ 55.07/aae $ O.OO/aae
Property
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
the financing of a portion of the cost of the maintenance of portions of the parkways and medians
along Telegraph Canyon Road, Pasco Ranchero, and Olympic Parkway. They also include the
Telegraph and Poggi Canyon detention basins and channels allocable to the properties within
these districts.
As verified by the City's Special District Counsel, properties located within the area of CFD 98-
1 but not included within CFD 99-2 will only be taxed for landscaped areas from the centerline
of Olympic Parkway south to the District bOlmdary. The fiscal year 2004-05 budget for this
District totals $57,180.
None of the improvements in CFD 98-2 are expected to be turned over to the City in fiscal year
2004-05 and therefore no special taxes will be levied within this district in fiscal year 2004-05.
A portion of CFD 98-2 has been taken over by a new permanent maintenance district, CFD 08-
M, with the remainder of the district still covered by CFD 98-2.
EXHIBIT E
Community Facilities District No. 98-3
(Sunbow II Open Space Maintenance District No. 35)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates I FY 2004-05
Land Use Maximum Actual Maximum Projeeted Estimated
Category Rate Rate Rate Rate Revenue
Residential $ 388.57ÆDU $ 252.48ÆDU $ 403.10!EDU $ 1.5 SlED U
Industrial $ 3,028.74/aae $ 1,967.981aae $3,142.01/aae $ 12.321aae
Commercial $ 3,390.7l/aae $ 2,203.261aae $3,517.52/aae $ 13.79/aae
Undeveloped $ 2,321.77/aae $ O.OO/acre $2,408.60/aae $ O.OO/aae
Estimated Revenue: $ 3,114
Community Facilities District 98-3 finances open space maintenance in the Sunbow n
development. This includes maintenance of street medians, parkways, slopes, drainage channels
and basins, and biological monitoring of native and re-vegetated open space. A total budget of
$823,876.00 was projected for fiscal year 2004-05 for this district.
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EXHIBIT F
Community Facilities District No. 99-1
(Otay Ranch SPA I -Bond Issue)
Zone A (Village 1):
Residential $ 0.28/sf $ 0.28/sf $ 0.28/sf $ 0.28/sf
Commercial $ 1,600/acre $ 1,600/aae $ 1,600/aae $ 1,600/aae
Community
Purpose $ 4OO/acre $ 4O0/aae $ 400/aae $ 400/aae
Facility
Estimated Revenue Zone A: $ 980,519
Zone B (Village 5):
Residential $4OOIDU + 029/sf $4001DU + O.29/sf $4O0IDU + 029/sf $4001DU + 029/sf
Commercial $ 3,717/aae $ 3,717/aae $ 3,717/aae $ 3,717/aae
Community
Purpose $ 929/aae $ 929/aae $ 929/aae $ 929/aae
Facility
Estimated Revenue Zone B: $ 989,486
Zone C (Village 1 West):
Residential $4OOIDU + O.44/sf $4001DU + O.44/sf $4OOIDU + O.44/sf $4OOIDU + O.44/sf
Commercial $ 4,266/acre $ 4,266/aae $ 4,266/aae $ 4,266/aae
Community
Purpose $ I,O66/aae $ 1,066/acre $ 1,O66/acre $ 1,066/aae
Facility
Estimated Revenue Zone C: $1,299.237
Entire District:
Undeveloped $ 8,864/acre $ 2,193.621aae $ 8,8641aae $ 1,195.68/aae
Property
Owner $ 8,8641aae $ O.OO/aae $ 8,864/aae $ O.OO/aae
Association
Property
Estimated Revenue - Entire District: $3,347,449
EXHIBIT F
Community Facilities District No. 99-1
(Otay Ranch SPA I-Bond Issue)
CFD 99-1 finances public improvements in a portion of Otay Ranch Village 1, Village 5 and
Village 1 W.est-The m.;n public facilities included are Olympic Parkway Phases 1 and 2, Pasco
Ranchero Phase 2, and East Palomar Street. For CFD 99-1, administrative costs of $75,000.00
(as given in the bond indenture) and scheduled debt service on the bonds of $3,296,674 are
anticipated during fiscal year 2004-05.
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EXHIBIT G
Community Facilities District No. 99-2
(Otay Ranch SPA 1, Village 1 West Open Space Maintenance)
FY 2003-04 Special Tax Rates FY 2004.05 Special Tax Rates I FY 2004-05
Land Use Maximum Rate Actual Maximnm Rate Projeeted Estimated
Category Rate Rate Revenue
Residential $ 0.39421sf $ 0.2125/sf $ 0.4089/sf $ 0.0 1741sf
Undeveloped $ 4,861.06laae $ O.OO/aae $ 5,O42.86/aae $ O.OO/aae
Estimated Revenue: $ 40,349
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 totaI budget of $633,633 is projected for fiscal year 2004-05.
EXHIBIT H
Community Facilities District No. 2000-1
(Sunbow II Villages 5 through 10 - Bond Issue)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates I FY 2004-05
Laud Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 0.4400/sf $ 0.3917/sf $ 0.4400/sf $ 0.2926/sf
Undeveloped $ 7,85l/aae $ O.OO/acrC $ 7,8511aae $ O.OO/aae
Property Owner $ 7,8511aae $ O.OO/aae $ 7,85l/acre $ O.OO/aae
Association Property
Estimated Revenue: $ 444,053
CFD 2000-1 finances various public facilities serving the Sunbow IT development such as
Telegraph Canyon Road, Medical Center Road and East Palomar Street. For CFD 2000-1,
administrative costs for fiscal year 2004-05 are projected to be $50,000.00 (as given in the bond
indenture) and scheduled debt service on the bonds is $562,710.
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EXHIBIT I
Community Facilities District No. 2001-1
(San Miguel Ranch - Bond Issue)
Improvement Area A:
Residential $4}5/DU + 0341sf $475/DU + 0.341sf $475/DU + 0.34/sf $475/DU + O.341sf
Commercial $ 5,09l/acre $ 5,091/aae $ 5,0911aae $ 5,O9l1aae
Undeveloped $ 10,376/aae $ 4,322.50/aae $ lO,376/acre $ 3,186.38/aae
Estimated Revenue Improvement Area A: $1,098,294
Improvement Area B:
Residential $475/DU + O.321sf SO.OO/DU + O.OO/sf $475/DU + O.321sf SO.OO/DU + O.OO!sf
Commercial $ 2,263/aae $ O.OO/aae $ 2,263/aae $ O.OO/aae
Undeveloped $ 4,5781aae $ O.OO/aae $ 4,5781acre $ O.OO/aae
Estimated Revenue Improvement Area B: $ 0.00
CFD 2001-1 is divided by SR-125 into two separate improvement areas, Improvement Area A
(east of SR-l2S) and Improvement Area B (west of SR-125) and finances various public
facilities serving the San Miguel Ranch development such as Mount Miguel Road (EastlWest),
Proctor Valley Road (EastlWest), Calle La Marina, Pasco Vera Cruz, Calle La Quinta and
certain SR-125 interim transportation facilities. For CFD 2001-1 Improvement Area A.,
administrative costs for fiscal year 2004-05 are projected to be $75,000.00 (as given in the bond
indenture) and scheduled debt service on the Improvement Area A bonds is $1,034,920. No
building permits or bonds have been issued for Improvement Area B, as such, there is no levy
requirement for fiscal year 2004-05.
EXHIBIT J
Community Facilities District No. 2001-2
(McMillin Otay Ranch, Village 6 - Bond Issue)
FY 2003-04 Special Tax Rates I FY 2004-05 Special Tax Rates ! FY
2004-05
Land Use Maximum Actual MaxImum Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential $44O/DU + 0.341sf $ 44O!DU + O.34/sf $44O/DU + 0.34/sf $440/DU + O.34/sf
Non- $ 1l,365/aae $ 11,365/aae $ 1l,365/aae $ 11,3~5/aae
residential
Undeveloped $ 11,365/aae $ 7,515.10/acre $ 11,365/aae $ 8,158.05/aae
Estimated Revenue: $725,754
CFD 2001-2 is located within Otay Ranch Village Six 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 2004-05 are projected
to be $75,000.00 (as given in the bond indenture) and scheduled debt service on the bonds is
$707,750.50.
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EXHIBIT K
Community Facilities District No. 06-1
(East Lake Woods, Vistas, and Land Swap - Bond Issue)
Improvement Area A (Zone 1- VIStas):
Residential $ 0.5800/sf $ 0.58oo/sf $ 0.58oo/sf $ 0.5800/sf
Commercial $ 6,000.00/aae $ 6,OOO.OO/aae $ 6,OOO.00/aae $ 6,OOO.00/aae
Hotel Property $ 6,000.00/aae $ 6,OOO.OO!aae $ 6,OOO.OO!aae $ 6,OOO.00/aae
Undeveloped $ 1l,037.00/aae $ 8,005.221aae $ 1,037.oo/aae $ 3,764.721acre
Improvement Area A (Zone 2 - Woods):
Residential $ 0.6700/sf $ 0.67oo/sf $ 0.67oo/sf $ 0.6700/sf
Commercial $ 6,000.00/aae $ 6,OOO.00/aae $ 6,OOO.OO/aae $ 6,000.00/aae
Undeveloped $ 8,332.oo/acre $ 6,O43.26/aae $ 8,332.oo/acre $ 2,842.06/aae
Estimated Revenne Improvement Area A (Zones 1 aud 2): $ 2,676,804
Improvement Area B (Zone 3 - Land Swap):
Residential $ 0.7400/sf N/A $ 0.7400/sf $ 0.7400/sf
Commercial $ 6,OOO.00/aae N/A $ 6,000.00/aae $ 6,OOO.00/aae
Undeveloped $ 20,563.00/aae N/A $20,563.00/aae $ 8,571.1O!aae
Improvement Area B (Zone 4 - Land Swap):
Residential $ 0.7400/sf N/A $ 0.74oo/sf $ 0.7400/sf
Commercial $ 6,000.00/aae N/A $ 6,000.00/aae $ 6,OOO.OO!aae
Undeveloped $20,563.oo/aae N/A $ 6,667.00/aae $ 2,778.981aae
Estimated Revenue Improvement Area B (Zones 3 and Zone 4): $ 559,118
EXHIBIT K
Community Facilities District No. 06-1
(EastLake Woods, Vistas, and Land Swap - Bond Issue)
CFD 061 finances the backbone streets and associated improvements (i.e. grading, sewer, streets,
landscaping, utilities, etc.), public facilities DIF Improvements, Traffic Enhancement Facilities.
The facilities inchiâe=E:-olympic Parkway, W. Olympic Parkway, Otay Lakes Road, EastLake
Parkway, Hunte Parkway, Proctor Valley Road Telegraph Canyon Road and traffic signals.
CFD 061 is divided into two separate areas, Improvement Area A and Improvement Area B.
Improvement Area A is divided into two zones - Zone 1 (Vistas) and Zone 2 (Woods).
Improvement Area B (the "Land Swap") is two non-adjacent areas; 1) is the northernmost area
being a triangular shape west of EastLake Parkway bound by Otay Lakes Road to the north, and
2) the southernmost area bound to the south by Olympic Parkway with EastLake Parkway
projecting north just west of the center of the area. For CFD 061 Improvement Area A,
administration costs for fiscal year 2004-05 are projected to be $75,000.00 (as set forth in the
bond indenture) and scheduled debt service on the bonds is $2,835,142. Bonds have been issued
for Improvement Area B. The administration costs are projected to be $75,000.00 (as given in
the bond indenture) and scheduled debt service on the bonds for Improvement Area B is
$559,117.50.
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EXHIBIT L
Community Facilities District No. 07-M
(East Lake Ill- Woods, Vistas, and Land Swap - Open Space Maintenance)
Improvement Area 1:
Residential $ 0.1112/sf $ 0.11121sf $ 0.l1S4/sf $ 0.l1S4/sf
Multi-family $ 0.1112/sf $ O.I1121sf $ 0.l1S4/sf $ 0.1154/sf
Non-residential $ 1,451.87/aae $ 1,4S1.87/aae $ I,S06.17/aae $1,S06.17/acre
Final Map $ 1,451.87/aae $ 1,4S1.87/aae $ I,S06.17/aae $1,S06.17/aae
Other taxable $ 1,4S1.87/aae $ 1,IS6.03/aae $ I,S06.17/aae $ 194.821aae
Property Assoc. $ 1,451.87/aae $ O.OO/aae $ I,S06.17/aae $ O.oo/aae
Property
Estimated Revenue Area 1: $ 291,395
Improvement Area 2:
Residential $ O.O7281sf $ 0.0728/sf $ 0.0755/sf $ 0.0755/sf
Multi-family $ O.O7281sf $ 0.0728/sf $ 0.07SS/sf $ 0.0755/sf
Non-residential $ 4O2.10/aae $ 402.10/aae $ 417.13/aae $ 417.13/aae
Final Map $ 1,O96.73/aae $ 1,096.73/acre $ 1,137.741aae $1,137.74/aae
Other taxable S 1,O96.731acre $ 898.27/acre $ 1,137.Wacre $ 33.4S/aae
Property Assoc. $ 1,O96.73/aae $ O.OO/aae $ 1,137.741aae $ O.OO/aae
Property
Estimated Revenue Area 2: $59,778
Commtmity Facilities District 07M funds the perpetual operation and maintenance of slopes,
medians, and parkways and storm water treatment facilities associated with EastIake ill - Woods and
Vistas and Land Swap Parcel (south parcel only). The boundaries of the district consists of two
improvement areas - Improvement Area No.1 (located north and south of Otay Lakes Road with
Hunte Parkway forming the eastern border north of Otay Lakes Road and Wueste Road forming the
western border south of Otay Lakes Road) and Improvement Area No.2 (Land Swap - generally
located north of Olympic Parkway west of the future SR 125 and east of the SDG & E easement).
The budgets for fiscal year 2004-05 are estimated to be approximately $353,246 for Improvement
Area No.1 and $76,547 for Improvement Area No.2.
EXHIBIT M
Community Facilities District No. OS-M
(McMillin Otay Ranch and Otay Ranch Village 6 - Open Space Maintenance)
Improvement Area 1:
Residential $ 0.3639/sf $ 0.3639/sf $ 0.3775/sf $ 0.3775/sf
Multi-family $ 0.26821sf $ 0.26821sf $ 0.27821sf $ 0.27821sf
Non-residential $ 2,275.23/aae S 2,275.23/aae $ 2,360.32/aae $ 2,360.321aae
Final Map $ 6,036.40/aae $ 6,036.40/aae $ 6,262.16/aae $ 6,262.16/aae
Other taxable $ 6,036.4O!aae $ 5,545.921aae $ 6,262.16/aae $ 60.oo/aae
residential
Other taxable $ 5,619.47/aae $ 5,162.87/aae $ 5,829.64/aae $ 55.86/aae
multi-family
Other taxable $ 2,275.23/aae $ 2,090.36/aae $ 2,360.32/aae $ 6.02laae
non-residential
Property Assoc. $ 6,036.40/acre $ O.OO/aae $ 6,262.16/aae $ O.OO/aae
Property
Estimated Revenue Area 1: $ 228,266
Improvement Area 2:
Residential $ 0.187l/sf $ 0.1871!sf $ 0.1941/sf $ 0.194l/sf
Multi-family $ 0.1871/sf $ e.1871/sf $ 0.1941/sf $ a,1941/sf
Non-residential $ 3,874.9l/aae $ 3,874.911acre $ 4,OI9.83/aae $ 4,019.83/aae
Final Map $ 3,874.9l/aae $ 3,874.9l/aae $ 4,019.83/aae $ 3,215.86/aae
Other taxable $ 3,874.911aae $ 3,457.90/aae $ 4,019.83/aae $ O.oo/aae
Property Assoc. $ 3,874.911aae $ O.oo/aae $ 4,019.83/aae $ O.OO/aae
Property
Estimated Revenue Area 2: $ 93,249
EXHIBIT M
Community Facilities District No. 08-M
(McMillin Otay Ranch and Otay Ranch Village 6 - Open Space Maintenance)
Community Facilities District 08M 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. Improvement Area
No.. 1 is located north of Birch RDati, onll1h nf-olympici'~R 125 (a..future road),.
and east of La Media Road. Improvement Area No.2 is generally located in two areas. The first
area is located east of La Media Road, north of Birch Road, west of Magdalena Avenue, west of
properties located on Trail Wood Drive, and south of Santa Venetia Street. The second area is
located south of Olympic Parkway, east of the properties located on Oak Point Drive, north of
Santa Venetia Street, north of Magdalena Avenue, and north of East Palomar Street. The
budgets for fiscal year 2004-05 are estimated to be approximately $421,584 for Improvement
Area No.1 and $265,376 for Improvement Area No.2. Turnover of maintenance is anticipated
in March 2005.
EXHIBIT N
Community Facilities District No. 071
(Otay Ranch - Village Eleven - Bond Issue)
FY 2003-04 FY 2004-05 FY
Special Tax Rates Special Tax Rates 2004-05
La. nd Us.e' Deuity Maxim. um Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential Oto 8 N/A NM: $ 1,675/DU $ 1,675IÐÐ
Residential >8 to N/A N/A $ 1,340/DU $ 1,340/DU
20
Residential >20 N/A N/A $ 1,005/DU $ 1,00S/DU
Non-Residential N/A N/A N/A $ 6,000/ac $ 6,OOO/ac
Zone A N/A N/A $ 13,955/ac $ 13,955/ac
Approved Property
Zone B N/A N/A $ 24,218/ac $ 24,2l8/ac
Approved Property
Zone A
Undeveloped N/A N/A $ 13,955/ac $ 5,860/ac
Property
ZoneB-
Undeveloped N/A N/A $ 24,218/ac $ 10,170/ac
Property
Zone A-
Provisional N/A N/A $ 13,955/ac $ O.OO/ac
Undeveloped
Zone B
Provisional N/A N/A $ 24,218/ac $ O.oo/ac
Undeveloped
Estimated Revenue: $ 1,019,145
Community Facilities District 071 finances the acquisition or construction of certain public
facilities (i.e. grading, landscaping, streets, utilities, drainage, sewer, etc.) serving the 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, a curving arterial from south to northeast. The north edge is formed by Olympic
Parkway and to the west is the extension ofEastIake Parkway. The administrative costs for CFD
071 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on
the bonds is $1,532,244.
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EXHIBIT 0
Community Facilities District No. 081
(Otay Ranch Village Six)
FV 2003-04 FV 2004-05 FV 2004-05
Special Tax Rates Special Tax Rates
Laud Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential N/A N/A $ 8ooIDU + $ 8ooIDU +
$0.35/sf $0.35/sf
Non-Residential N/A N/A $ 6,OOO/aae $ 6,000/aae
Zone A- N/A N/A $ 16,858/aae $10,5521aae
Undeveloped
ZoneB- N/A N/A $ 26,445/aae $16,552/aae
Undeveloped
Zone A-
Provisional N/A N/A $ 16,868/aae $ O.OO/aae
Undeveloped
ZoneB-
Provisional N/A N/A $ 26,445/aae $ O.oo/aae
Undeveloped
Estimated Revenue: $ 1,566,223
Co=unity Facilities District 081 finances the construction of backbone streets and associated
improvements (i.e. grading, sewer, streets, landscaping, uti1ities, etc), public facilities, DIF
improvements and Traffic Enhancement Facilities within Otay Ranch Village Six. This District
is divided into Zone A and Zone B. The administrative costs for CFD 081 are projected to be
$75,000 (as given in the bond indenture) and scheduled debt service on the bonds is
$1,546,268.76.
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EXHIBIT P
Community Facilities District No. 09M
(Otay Ranch Village 11- Brookfield Shea)
Developed:
Residential 0108 N/A N/A $ 487.87/DU $ 487.87/DU
Residential >8 to 20 N/A N/A $ 390.29/DU $ 390.29/DU
Residential Greater N/A N/A $ 292.71/DU $ 292.71/DU
than 20
Non-Residential N/A N/A N/A $1,873.4l/ac $1,873.4l1ac
Undeveloped:
Approved N/A N/A $1.873.4l/ac $1.873.4l1ac
Property
Undeveloped N/A N/A $1,873.4l1ac $1,873.4l1ac
Property
Taxable
Property Owner N/A N/A $1,873.411ac $ O.OO/ac
Association
Property
Estimated Revenue: $ 491,000
Community Facilities District 09M finances the perpetual operation and maintenance of slopes,
medians, parkwaY5-, trails, perimeter walls, perimeter fencing and storm water treatment facilities
associated with Village 11, Brookfield Shea Otay. The initial budget is estimated to be $65,272.
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