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HomeMy WebLinkAboutReso 2005-252 RESOLUTION NO. 2005-252 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL YEAR 2005/2006 WITHIN COMMUNITY FACILITIES DISTRICTS 97-1, 97-2, 97-3, 98-1, 98-2,98-3,99-1,99-2,2000-1,2001-1,2001-2,08-1, 07-M, 08-M AND II-M; AND DELEGATING TO THE CITY MANAGER THE AUTHORITY TO ESTABLISH THE SPECIAL TAX FOR EACH DISTRICT WHEREAS, the maximwn special tax rates for Community Facilities District Nos. 97-1, 97-2,97-3,98-1,98-2,98-3,99-1,99-2,2000-1, 2001-1, 2001-2, 08-1, 07-M, 08-M and 11-M, authorized pursuant to the approved rate and method of apportionment of special taxes for each respective community facilities district to be levied for Fiscal Year 2005/2006, are set forth in Exhibits A through N, attached hereto and incorporated herein by reference as if set forth in full; and WHEREAS, this City Council desires to establish the maximwn special tax rate that may be levied in Community Facilities District Nos. 97-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2, 2000-1,2001-1,2001-2,08-1, 07-M, 08-M and II-M in Fiscal Year 2005/2006 at the rates set forth in Exhibits A through N attached hereto and to delegate to and designate the City Manager 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 2005/2006 as authorized by Government Code Section 53340. NOW, THEREFORE, the City Council of the City of Chula Vista, acting as the legislative body of Community Facilities District Nos. 97-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2,2000-1,2001-1,2001-2,08-1, 07-M, 08-M and II-M, does hereby resolve as follows: SECTION 1. The foregoing recitals are true and correct. SECTION 2. This City Council does hereby establish the maximwn special tax rates that may be levied for Fiscal Year 2005/2006 in Community Facilities District Nos. 97-1, 97-2, 97-3, 98- 1,98-2,98-3,99-1,99-2,2000-1,2001-1,2001-2,08-1, 07-M, 08-M and 11-M as the rates set forth in Exhibits A through N attached hereto. SECTION 3. Pursuant to Government Code 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 2005/2006 and to file such list with the auditor of the County of San Diego on or before the required date or such other later date 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 maximwn special tax as set forth in Exhibits A through N attached hereto applicable to the community facilities district in which such parcel being taxed is located. Resolution No. 2005-252 Page 2 Presented by Approved as to form by f ~~ Sohaib Al-Agha City Engineer x 0., . t:--tv~ CA ~~ Q Ann Moore City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 19th day of July, 2005, by the following vote: AYES: Councilmembers: Castaneda, Davis, McCann, Rindone, and Padilla NAYS: Councilmembers: None ABSENT: Councilmembers: None f:,~ab Stephen C. Padilla, Mayor ATTEST: - ~6-Li~~ ~- Susan Bigelow, MMC, City erk .-/ 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. 2005-252 was duly passed, approved, and adopted by the City Council at a regular meeting ofthe Chula Vista City Council held on the 19th day of July, 2005. Executed this 19th day of July, 2005. ~ ~~ I-==r~~ Susan Bigelow, MMC, City C erk - - Resolution No. 2005-252 Page 3 EXIDBIT A Community Facilities District No. 97-1 (Otay Ranch Open Space Maintenance District) FY 200-t-05 Spccial Tax Ratcs FY 2005-0t, Spccial Tax Ratcs I F\ 2005-06 Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Special Tax Area A: Residential $ 0.0978/sf $ 0.0367/sf $ O.IOl3/sf $ O.lOl3/sf Non-residential $ 1,324.49/acre 492.78/acre $ 1,372.87/acre $ 1,372.87/acre Vacant $ 1,498.31/acre $ 335.09/acre $ 1,553.04/acre $ 1,553.04/acre Estimated Revenue Special Tax Area A: $1,028,517.88 Special Tax Area B: Residential $ 0.2291/sf 0.1515/sf $ 0.1515/sf $ 0.1515/sf Non-residential $ 2,941.00/acre $ I 945.87/acre $ 1,945.87/acre $ 1,945.87/acre Vacant $ 3,325.72/acre ) O.OO/acre $ O.OO/acre $ O.OO/acre Estimated Revenue Special Tax Area B: $1,768,305.22 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 2005-06 budget for this District totals $625,776 for Area A and $1,211,579 for Area B. Resolution No. 2005-252 Page 4 EXHIBIT B Community Facilities District No. 97-2 (Otay Ranch Preserve) F\ 200-1-05 Special Tax Rates I F\ 200S-0il Special Tax Rates ! FY 2005-06 Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Improvement Area A: Residential $ 0.0147/sf $ O.Oll/sf $ 0.0152/sf $ 0.0152/sf Non-residential $ 237.92/acre $ 66.60/acre $ 246.6l/acre $ 246.6l/acre Final Map $ 237 .92/acre $ O.OO/acre $ 246.6l/acre $ 246.6l/acre Vacant $ 153.55/acre $ O.OO/acre $ 59. 15/acre $ 59. 15/acre Estimated Revenue Improvement Area A: See Area C Below Improvement Area B: Vacant $ 59.34/acre $ 0.70/acre $ 61.50/acre $ 61.50/acre Estimated Revenue Improvement Area B: See Area C Below Improvement Area C: Residential $ 0.015l/sf $ 0.1011 /sf $ 0.0156/sf $ 0.0156/sf Non-residential $ 243.66/acre $ 66.60/acre $ 252.56/acre $ 252.56/acre Final Map $ 243.66/acre $ O.OO/acre $ 252.56/acre $ 252.56/acre Vacant $ 157.26/acre $ O.OO/acre $ 163.00/acre $ 163.00/acre Estimated Revenue Improvement Areas A and C: $365,070.92 Community Facilities District 97-2 finances 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). The fiscal year 2005-06 budget for this District totals $265,782. Resolution No. 2005-252 Page 5 EXIllBIT C Community Facilities District No. 97-3 (Dtay Ranch McMillin - Bond Issue) FY 200.t-05 Sl,ecial fax Rates I FY 2005-06 Special Tax Rates I FY 2005-0(, Land Use Category Maximum Actual Maximum Projected Estimated Rate Rate Rate Rate Revenue Residential $ O.3920/sf $ O.3413/sf $ O.3920/sf $ O.3920/sf Commercial $ 4,OOO/acre $ 3,482.65/ac $ 4,OOO/acre $ 4,OOO/acre Community Purpose $ I,OOO/acre $ 870.66/acre $ I,OOO/acre $ I,OOO/acre Facility Undeveloped $ 7,954/acre $ O.OO/acre $ 7,954/acre $ 7,954/acre Property Owner $ 7,954/acre $ O.OO/acre $ 7,954/acre $ 7,954/acre Association ProPerty Estimated Revenue: $1,591,435.34 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 2005-06 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 2005-06 levy is $819,200. Resolution No. 2005-252 Page 6 EXHlBITD Community Facilities District No. 98-1 (Otay Project Interim Open Space Maintenance District) [. \ 200-1-05 Speeial Tax Rates F\ 2005-0(, Spedal Tax Rates I FY 2005-0(, I Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Taxable $ 115.05/acre $ 68.79/acre $ 123.72/acre $ 123.72/acre Property Estimated Revenue: $104,067.07 Community Facilities District No. 98-2 (Otay Project McMillin Interim Open Space Maintenance District) F\ 200-1-05 Spedal Tax Rates I FY 2005-0b Spedal Tax Rates I FY 2005-0(, Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Taxable $ 55.07/acre $ O.OO/acre $ 57.07/acre $ 57.07/acre ProPertv 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, Paseo 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- I but not included within CFD 99-2 will only be taxed for landscaped areas from the centerline of Olympic Parkway south to the District boundary. The fiscal year 2005-06 budget for this District totals $99,217. None of the improvements in CFD 98-2 are expected to be turned over to the City in fiscal year 2005-06 and therefore no special taxes will be levied within this district in fiscal year 2005-06. 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. Resolution No. 2005-252 Page 7 EXHIBIT E Community Facilities District No. 98-3 (Sun bow II Open Space Maintenance District No. 35) F\ 200-1-05 Special Tax Rates I FY 2005-06 SI,edal Tax Rates I FY 2005-06 Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Residential $ 403.10/EDU $ 1.58/EDU $ 417.82/EDU $ 417.82/EDU Industrial $3, 142.0 lIacre $ 12.32/acre $3,646.02/acre $3,646.02lacre Commercial $3,5l7.521acre $ 13.79/acre $ 3,256.79/acr< $ 3,256.79/acre Undeveloped $2,408.60/acre $ O.OO/acre $2,496.59/acre $2,496.59/acre Estimated Revenue: $1,021,247.54 Community Facilities District 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. A total budget of $909,699 was projected for fiscal year 2005-06 for this district. Resolution No. 2005-252 Page 8 EXHIBIT F Community Facilities District No. 99-1 (Otay Ranch SPA I -Bond Issue) FY 200-1-05 Slwrial Tax Rates I F\ 20()S-O(' Special Tax Rates I F\ 200S-()(' Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Zone A (VilIage 1): Residential $ O.28/sf $ O.28/sf $ O.28/sf $ O.28/sf Commercial $ 1,600/acre $ 1,600/acre $ 1,600/acre $ 1,600/acre Community Purpose $ 400/acre $ 400/acre $ 400/acre $ 400/acre Facility Estimated Revenue Zone A: See Entire District Below Zone B (Village 5): Residential $400/DU + O.29/sf $400/DU + O.29/sf $400/DU + O.29/sf $400/DU + O.29/sf Commercial $ 3,717/acre $ 3,7 I 7/acre $ 3,717/acre $ 3,717/acre Community Purpose $ 929/acre $ 929/acre $ 929/acre $ 929/acre Facility Estimated Revenue Zone B: See Entire District Below Zone C (VilIage 1 West): Residential $400/DU + O.44/sf $400/DU + O.44/sf $400/DU + O.44/sf $400/DU + O.44/sf Commercial $ 4,266/acre $ 4,266/acre $ 4,266/acre $ 4,266/acre Community Purpose $ 1,066/acre $ 1,066/acre $ 1,066/acre $ I,066/acre Facility Estimated Revenue Zone C: See Entire District Below Entire District: Undeveloped $ 8,864/acre $ 1,195.68/acre $ 8,864/acre $ 8, 864/acre Property Owner $ 8, 864/acre $ O.OO/acre $ 8,864/acre $ 8,864/acre Association Property Estimated Revenue - Entire District: $3,981,182.30 Resolution No. 2005-252 Page 9 EXHIBIT F Community Facilities District No. 99-1 (Dtay Ranch SPA I - Bond Issue) CFD 99-1 finances public improvements in a portion of Otay Ranch Village 1, Village 5 and Village 1 West. The main public facilities included are Olympic Parkway Phases 1 and 2, Paseo 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 $2,929,686 are anticipated during fiscal year 2005-06. Resolution No. 2005-252 Page 10 EXHIBIT G Community Facilities District No. 99-2 (Otay Ranch SPA 1, Village 1 West Open Space Maintenance) FY 200.f-05 Special Tax Rate, I F\ 2005-0(, Sp"l'ial Tax Rate, : F\ 2005-0(, Land Use Maximum Rate Actual Maximum Projected Estimated Category Rate Rate Rate Revenue Residential $ OA089/sf $ O.OI74/sf $ OA238/sf $ OA238/sf Undeveloped $ 5,042.86/acre $ O.OO/acre $ 5,227.08/acre $ 5,227.08/acre Estimated Revenue: $1,120,572.88 As verified by the City's Special District Counsel, property owners within the area ofCFD 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$701,968 is projected for fiscal year 2005-06. Resolution No. 2005-252 Page II EXHIBIT H Community Facilities District No. 2000-1 (Sunbow II Villages 5 through 10 - Bond Issue) F\ 200-t-05 Special I ax Rates I F\ 2005-0() Special Tax Rates I FY 2005-06 Land Use Category Maximum Actual Maximum Projected Estimated Rate Rate Rate Rate Revenue Residential $ O.4400/sf $ O.2926/sf $ O.4400/sf $ O.4400/sf Undeveloped $ 7,851/acre $ O.OO/acre $ 7,851/acre $ 7,851/acre Property Owner $ 7,851/acre $ O.OO/acre $ 7,851/acre $ 7,851/acre Association Pronertv Estimated Revenue: $667,703.96 CFD 2000-1 finances various public facilities serving the Sunbow II development such as Telegraph Canyon Road, Medical Center Road and East Palomar Street. For CFD 2000-1, administrative costs for fiscal year 2005-06 are projected to be $50,000.00 (as given in the bond indenture) and scheduled debt service on the bonds is $504,482. Resolution No. 2005-252 Page 12 EXHIBIT I Community Facilities District No. 2001-1 (San Miguel Ranch - Bond Issue) I. \ 200-1-115 Sp,'cial I ax Rates I F\ 2005-0b Special Tax Rates i F\ 2005-0b Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Improvement Area A: Residential $4751DU + 0.34/sf $4751DU + 0.34/sf $4751DU + 0.34/sf $4751DU + 0.34/sf Commercial $ 5,091/acre $ 5,091/acre $ 5,091/acre $ 5,091/acre Undeveloped $ 10,376/acre $ 3,186.38/acre $ IO,376/acre $ IO,376/acre Estimated Revenue Improvement Area A: See Entire ~istrict Below Improvement Area B: Residential $4751DU + 0.32/sf $O.OOIDU + O.OO/sf $4751DU + 0.32/sf $4751DU + 0.32/sf Commercial $ 2,263/acre $ O.OO/acre $ 2,263/acre $ 2,263/acre Undeveloped $ 4,578/acre $ O.OO/acre $ 4,578/acre $ 4,578/acre Estimated Revenue Improvement Area B: See Entire ~istrict Below Estimated Revenue Entire District: $1,285,219.80 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, Calle La Quinta and certain SR-125 interim transportation facilities. For CFD 2001-1 Improvement Area A, administrative costs for fiscal year 2005-06 are projected to be $75,000.00 (as given in the bond indenture) and scheduled debt service on the Improvement Area A bonds is $999,571. No building permits or bonds have been issued for Improvement Area B, as such, there is no levy requirement for fiscal year 2005-06. , . Resolution No. 2005-252 Page 13 EXHIBIT J Community Facilities District No. 2001-2 (McMillin Otay Ranch, Village 6 - Bond Issue) F Y 200.t-05 Special Tax Rate, I FY 2005-0(, Special Tax Rate, I FY 2005-06 Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Residential $4401DU + 0.34/sf $4401DU + 0.34/,f $4401DU + 0.34/sf $440IDU + 0.34/,f Non- $ 11,365/acre $ Il,365/acre $ 11 ,365/acre $ 11,365/acre residential Undeveloped $ 11,365/acre $ 8,158.05/acre $ 11 ,365/acre $ 11,365/acre Estimated Revenue: $725,754.00 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 2005-06 are projected to be $75,000.00 (as given in the bond indenture) and scheduled debt service on the bonds is $708,725. Resolution No. 2005-252 EXHIBIT K Page 14 Community Facilities District No. 07-M (EastLake III - Woods, Vistas, and Land Swap - Open Space Maintenance) F' 2004-05 Speeial I ax Rates I n 2005-0(, Special 1 ax Rates I 20~~~06 Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Improvement Area 1: Residential $ 0.1l54/sf $ 0.1154/sf $ 0.1l96/sf $ 0.1l96/sf Multi-family $ 0.1l54/sf $ 0.1l54/sf $ 0.1l96/sf $ 0.1l96/sf Non-residential $ 1,506J7/acre $1,506.17/acre $ 1,561.19/acre $1,561.19/acre Final Map $ 1,506.17/acre $1,506.17 /acre $ 1,561.19/acre $1,561.l9/acre Other taxable $ 1,506.17/acre $ I 94.82/acre $ 1,561.l9/acre $1,561.l9/acre Property Assoc. $ 1,506. 1 7/acre $ O.OO/acre $ 1,561.19/acre $1,561.l9/acre ProPerty Estimated Revenue Area 1: $704,132.03 Improvement Area 2: Residential $ 0.0755/sf $ 0.0755/sf $ 0.0782/sf $ 0.0782/sf Multi-family $ 0.0755/sf $ 0.0755/sf $ 0.0782/sf $ 0.0782/sf Non-residential $ 417. 13/acre $ 417. 13/acre $ 432.36/acre $ 432.36/acre Final Map $ 1,137.74/acre $1,137.74/acre $ 1,179.30/acre $1,179.30/acre Other taxable $ I, 137.74/acre $ 33.45/acre $ 1,179.30/acre $1,179.30/acre Property Assoc. $ I, 137.74/acre $ O.OO/acre $ I, 1 79.30/acre $1,179.30/acre ProPerty Estimated Revenue Area 2: $110,864.26 Community Facilities District 07-M funds the perpetual operation and maintenance of slopes, medians, and parkways and storm water treatment facilities associated with Eastlake ill - Woods and Vistas and Land Swap Parcel (south parcel only). The boundaries of the district consists of two improvement areas - Improvement Area No. I (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 2005-06 are estimated to be approximately $438,660 for Improvement Area No.1 and $91,253 for Improvement Area No.2. Resolution No. 2005-252 Page 15 EXHIBIT L Community Facilities District No. 08-M (McMillin Otay Ranch and Otay Ranch Village 6 - Open Space Maintenance) FY 200.t-05 I FY 2005-06 I FY Special Tax Rates Special Tax Rates 2005-06 Land Use Category Maximnm Rate Actnal Rate Maximum Rate Projected Rate Estimated Revenue Improvement Area 1: Residential $ O.3775/sf $ O.3775/sf $ O.39l2/sf $ O.39l2/sf Multi-family $ O.2782/sf $ O.2782/sf $ O.2883/sf $ O.2883/sf Non-residential $ 2,360.32/acre $ 2,360.32/acre $ 2,446.54/acre $ 2,446.54/acre Final Map $ 6,262.l6/acre $ 6,262.l6/acre $ 6,490.92/acre $ 6,490.92/acre Other taxable - $ 6,262.l6/acre $ 60.00/acre $ 6,490.92/acre $ 6,490.92/acre residential Other taxable - $ 5,829.64/acre $ 55.86/acre $ 6,042.60/acre $ 6,042.60/acre multi-family Other taxable - $ 2,360.32/acre $ 6.02/acre $ 2,446.54/acre $ 2,446.54/acre non-residential Property Assoc. $ 6,262.16/acre $ O.OO/acre $ 6,490.92/acre $ 6,490.92/acre Pro;"~ Estimated Revenue Area 1: $612,111.70 Improvement Area 2: Residential $ O.1941/sf $ O.1941/sf $ O.201l/sf $ O.2011/sf Multi-family $ O.1941/sf $ O.194l/sf $ O.2011/sf $ O.2011/sf Non-residential $ 4,OI9.83/acre $ 4,OI9.83/acre $ 4,1 66.68/acre $ 4,1 66.68/acre Final Map $ 4,OI9.83/acre $ 3,2l5.86/acre $ 4, I 66.68/acre $ 4, I 66.68/acre Other taxable $ 4,OI9.83/acre $ O.OO/acre $ 4, I 66.68/acre $ 4,166.68/acre Property Assoc. $ 4,OI9.83/acre $ O.OO/acre $ 4, I 66.68/acre $ 4,166.68/acre Pro;"erh, Estimated Revenue Area 2: $525,891.99 Resolution No. 2005-252 Page 16 EXHIBIT L Community Facilities District No. 08-M (McMillin Otay Ranch and Otay Ranch Village 6 - Open Space Maintenance) Community Facilities District 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. Improvement Area No.1 is located north of Birch Road, south of Olympic Parkway, west of SR 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 2005-06 are estimated to be approximately $537,215 for Improvement Area No. 1 and $343,428 for Improvement Area No.2. Turnover of maintenance is anticipated in March 2005. . c Resolution No. 2005-252 Page 17 EXHIBIT M Community Facilities District No. 08-1 (Otay Ranch Village Six) FY 200-1-05 FY 2005-06 FY 2005-06 Special Tax Rates Special Tax Rates Land Use Category Maximum Actual Maximum Projected Estimated Rate Rate Rate Rate Revenue Residential $ 800IDU + $ 800IDU + $ 800IDU + $ 800IDU $0.35/sf $0.35/sf $0.35/sf + $0.35/sf Non-Residential $ 6,000/acre $ 6,000/acre $ 6,000/acre $ 6,000/acre Zone A - $ 16,858/acre $10,552/acre $ 16,858/acre $1 6, 858/acre Undeveloped Zone B - $ 26,445/acre $16,552/acre $ 26,445/acre $26,445/acre Undeveloped Zone A - Provisional $ 16,858/acre $ O.OO/acre $ 16,858/acre $16,858/acre Undeveloped Zone B - Provisional $ 26,445/acre $ O.OO/acre $ 26,445/acre $26,445/acre Undeveloped Estimated Revenue: $1,771,310.12 Community Facilities District 08-1 finances the construction of backbone streets and associated improvements (i.e. grading, sewer, streets, landscaping, utilities, etc), public facilities, DIP 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 08-1 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,548,869. Resolution No. 2005-252 Page 18 EXHIBIT N Community Facilities District No. ll-M (Rolling Hills Ranch McMillin - Open Space Maintenance) F' 2()()-I-O~ Spl'ciall 'IX Rates I F' 2()()~-()() Special Ta'\ Rates I n 200~-O() Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential N/A N/A $ 329.61/DU $ 329.61/DU Non-residential N/A N/A $671.81/acre $671.8I/acre Final Map N/A N/A $671.81/acre $671.81/acre Other taxable N/A N/A $671.81/acre $671.81/acre Property Assoc. N/A N/A $671.81/acre $671.81/acre ProPertv Estimated Revenue: $149,507.56 Co=unity Facilities District II-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. , I j