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Home My WebLink AboutReso 2006-223 e e e RESOLUTION NO 2006-223 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL YEAR 2006/2007 WITHIN COMMUNITY FACILITIES DISTRICTS 97-1, 97-3, 98-1, 98-2, 98-3,99-1,99-2,2000-1,2001-1,2001-2, 08-M, 08-1, II-M, 12-1, 13-1, AND 12-M, 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- 3,98-1,98-2,98-3,99-1,99-2,2000-1,2001-1,2001-2, 08-M, 08-1, ll-M, 12-1, 13-1, and 12-M which are authorized pursuant to the approved rate and method of apportionment of special taxes for each respective community facilities districts to be levied for Fiscal Year 2006/2007 are set forth in Exhibits A through 0, attached to and incorporated into this Resolution by this reference as if set forth in full; and WHEREAS, the City Council of the City of Chula Vista desires to establish the maximum Special Tax rate that may be levied in Community Facilities Districts 97-1, 97-3, 98- I, 98-2, 98-3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 08-M, 08-1, ll-M, 12-1, 13-1, and 12-M in Fiscal Year 2006/2007 at the rates as set forth in the attached Exhibits A through 0 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 2006/2007 as authorized by Government Code Section 53340 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista acting as the legislative body of Community Facilities Districts 97-1, 97-3, 98-1, 98-2, 98-3, 99- I, 99-2, 2000-1, 2001-1, 2001-2, 08-M, 08-1, II-M, 12-1, 13-1, and 12-M respectively, as follows: SECTION I The foregoing recitals are true and correct. SECTION 2. The City Council of the City of Chula Vista establishes the maximum Special Tax rates that may be levied for Fiscal Year 2006/2007 in Community Facilities Districts 97-1,97-3,98-1,98-2,98-3,99-1,99-2,2000-1, 2001-1, 2001-2, 08-M, 08-1, II-M, 12-1, 13-1, and 12- M as the rates set forth in the attached Exhibits A through 0 SECTION 3 Pursuant to Government Code 53340, the City Council 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 districts to which this Resolution applies, including the amount of the Special Tax to be levied on each parcel for Fiscal Year 2006/2007, 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 the auditor. The amount of the Special Tax to be levied on each parcel shall be based upon the budget for each community facilities district as previously approved by this City Council and shall not exceed the maximum Special Tax as set forth in the attached Exhibits A through 0 Resolution No. 2006-223 Page 2 Presented by Approved as to form by .-. ~ .6M.Wd..I.J Leah Browder Acting Engineering Director ~~~~~\\ Ann Moore ' City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 25th day of July 2006 by the following vote: AYES: Councilmembers: Castaneda, Chavez, McCann, and Padilla NAYS. Councilmembers: None ABSENT Councilmembers: Rindone ~~~ Stephen C. Padilla, Mayor ATTEST ~ -~JI~~J~ Susan Bigelow, MMC, Cit 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. 2006-223 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 25th day of July 2006. Executed this 25th day of July 2006. -~ ~ll4.J~J~~ ~~ Susan Bigelow, MMC, Ci lerk .-. e e e Resolution No. 2006-223 Page 3 f?)( 111 C>lr-A Community Facilities District No. 97-1 (Otay Ranch Open Space Maintenance District) ~<>:,:; . FY zoo5;o~_s;ici'JT~ibh~~ ,i'~-tOii6;07s~~~r;;rT;nR~es'l~ FY2'006/Q7:i~ ,\'."" .~. ~"" :--";,_,':;-~'':::''-.-t:~<-,->'';:--Jl:_ -~'~'~_"'-'_~"'/~j-;':: ~ .l,'_'-'-..~ _~~~_;; Land Use Category Maximum Rate Estimated Revenue Actual Rate Maximum Rate Proj ected Rate Special Tax Area A: Residential $ o 10l3/sf $ O.0610/sf $ o 1050/sf $ o 1050/sf Non-residential $ 1,372.87/acre $ 827 70/acre $ 1,4~3 19/acre $ 1,423 19/acre Vacant $ 1,553.04/acre $ O.OO/acre $ 1,60997/acre $ 1,609.97/acre . Estimated Revenue Special Tax Area A: $1,061,847.85 Special Tax Area B: Residential $ 0.2374/sf $ o l5l3/sf $ O.246l/sf $ 0.2461/sf Non-residential $ 3,048.44/aere $ 1943.38/acre $ 3,160 17/acre $ 3,160 17/acre Vaeant $ 3,447.21/acre $ O.OO/acre $ 3,573.56/acre $ 3,573.56/aere Estimated Revenue Special Tax Area B: $1,832,379.63 CFD 97-l, finances open space maintenance for Otay Ranch SPA One Villages One and Five, and consists of two Special Tax Areas. Area A covers the entrre d1strict and includes maintenance of parkways, medians and regional trails along Telegraph Canyon Road, Ot~y Lakes Road, Paseo Ranchero, La Media Road and Olympic Parkway, Telegraph and Poggi Canyon detention basins, channels, and pedestnan 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 2006/07 budget for this District totals $837,322 for Area A imd $1,233,616 for Area B Resolution No. 2006-223 Page 4 EXHlBIT B -... Community Facilities District No. 97-3 (Otay Ranch McMillin - Bond Issue) ,,," ::-.. .'.'--: :. -.: -,- ,"'-""'~':;"'-._. .~-;:.., - ;.-, ,;., "",'--::;;'.,~ -:-:' .:C"; ?"--;";<-:1~'~t. -,' '.--- .-: ", -..,~ ,'~': '. :FY-"200510(j.Speci~TaxRates-'. F:F::2006/n"'SpetraFTaX'ltit~.s" ":::FY2006/0'r:: ~ -_, ~~ - , -. ~~:'4 ...... _";t'. ~-~~~....-, - ~~ ~"""", ... ,~'~. _ _ '" '~.>-' ____-,.'-C .... .'~ ~ -_~ Land Use Category Maximum Actual Maximum Projected Estimated Rate Rate Rate Rate Revenue Residential $ O.3920/sf $ O.369l/sf $ 0.3920/sf $ 0.3920/sf Commercial $ 4,OOO/acre $ 3,76640/ac $ 4,OOO/acre '> 4,OOO/acre . Community Purpose '> l,OOO/acre $ 941.60lacre $ l.OOO/acre $ 1,OOO/acre Facility . 1,954/acre . Undeveloped $ 7,954/acre $ o OO/acre $ 7,954/acre $ Property Owner $ 7.954/acre $ o OO/acre $ 7,9541acre $ 7,954/acre Association Property Estimated Revenue: 1$1,042,122,18 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 2006/07 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 tram the fIscal year 2006/07 levy is $818,848.76. . " -... e e e Resolution No. 2006-223 Page 5 EXHIBIT C Communi(), Facilities District No. 98-1 (Otay Project Interim Open Space Maintenance District) :-:". . '- ~h ~.. . ">....,.;'--"',,;:;;_. 'J.~,"",.<.,',""._<;c.~_"'t...,'_;;~'" '.... _.~ '.~<:. .... ';::-:"o;;"'~;." ''''~fr~>-: "~+'fr''''>'':';' {- =~:. -"~: ': ':,,::t;~~~?~:~~~~e~}'!,~~a!e~~ }IY:0~6iO:TSP~C~~~~~t~~':I~;'Wi~~~~l~~ . Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Ta,'table $ 123 72/acre $ 6.21/acre $ 128.25/acre I $ l28.25/acre Pronerty Estimated Revenue: $107,877.47 Community Facilities District No. 98-2 (Otay Project McMillin Interim Open Space Maintenance District) - - FY 2005/06 Speciai T~ Rates - I FY 2006/07: FY 2006/07 Special Tax Rates Land Use Maximum Actual Maximum PTOj ected Estimated Catego ry Rate Rate Rate Rate Revenue Taxable $ 57 07/acre $ O.OO/acre $ 59 17/acre $ 59 17/acre Pronertv 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 district~ 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. 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. 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 boundary The Fiscal Year 2006/07 budget for this District totals $110,141 None of the improvements in CFD 98-2 are expected to be turned over to the City in Fiscal Year 2006/07 and therefore no special taxes will be levied within this district in Fiscal Year 2006/07 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. 2006-223 Page 6 EXHIBIT D '""'" ~,: ;;~: ~:~ ":." ' ';' FY Z005/06'Sped~ai-Riiti;i'~ ~EW2.ioii[c17,{Sl'.'ta;r'1iaX.R!;te~:IL:h2o~6Iii7~ 'c-::;;...: ~ -'"'.,';:":'~-' -~'-~,.-:- -:f_~_-::":::"'-::""',~i::~,~.~~I~:::-l'''':'~~',_....'=:~~:?'T';,,__'"i:;;', ~_::-",'_ ~~~~'I~ ~,_'~'<~..t.:::;:;'~ Land Use Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Resldential $ 417.82/EDU $ 30818/EDU $ 433 14/EDU $ 433 I4/EDU Commercial $ 3,646.02lacre $ 2,689.30/acre $ 3.779.66/acre $ 3,779 66/acre Industrial $ 3,256.79/acre $ 2,402.20/acre $ 3,376. 16/acre $ 3,376. 16/acre Undeveloped $ 2,496.59/acre $ o 001 acre $ 2,588.IO/acre .$ 2,588 IO/acre Estimated Revenue: $1,021,247.54 Community Facilities District No. 98-3 (Sunbow II Open Space Maintl!l/ance District No 35) Community Facilities District 98-3 finances open space maintenance in the Sunbow II development. This includes maintenance of street medians, pa;rkways, slopes, drainage channels ......... and basins, and biological monitoring of native and re-vegetated open space. The Fiscal Year 2006/07 budget for this District totals $927,474 . '. , I '""'" l. e e e Resolution No. 2006-223 Page 7 EXHIBIT E Community Facilities District No. 99-1 (Gtay Ranch SPA 1- Bond Issue) .;: ; _." -~' _' --j"'-~<' ,: ,..1-,""" _." t:r-."._"M-"-,,,,,':'~+ .,;!~-;-:.t-",-;....'.:..r',' .,~.. ~-.. ,.lr~:-;;- ~,.~ ,'--:.,_ }~'::;.i~;:':f' ;;':';::'~!y2005lii(iSp~CtlliT~tesi;f~; ,~;!:~i~O~61(}?;$p~cr~!~Rates.)~j~l~i~~Oil6!o;7[ I ,~" 'b-, ~ _.-<L -'~i-~~- -', ^ ~ OJ" ~"'" \ - ~._, "' ..... ~,c:;-'.._ ",,', ~.. " ...."'_ ~ ....... :o:,~.l.-,",,~~,'..~ " '\-~''''' '" 'y_.-,..., "',..r _~. "oJ_'-' .,. v,,-.:.~ -+"~- ....... --1<": . " ~_. " ~ ., _ ~ " ~ '" _~ _ =1" ~ _,,,~,_, ~C~ ~ _ ~ ~ _ _ " '^ Land Use Category Maximum Rate Actlial Rate Maximum Rate Projected Rate Estimated Revenue Zone A (Village 1): Residenllal $ 0.28/sf $ 0.24/sf $ 0.2?/sf $ 0.28/sf Commerclal $ 1,600/acre $ 1,403.68/acre $ 1,600/acre $ 1,600/acre Community Purpose $ 400/acre $ 350.92Jacre, $ 400/acre $ 400/acre Facility Estimated Revenue Zone A: See Entire D1Strict Below Zone B (Village 5): Residential $4001DU + O.29/sf S350.92/DU+O.25/sf $4001DU + O.29isf $4001DU + O:29/sf Commercia] $ 3,717/acre $ 3,260.921acre $ 3,717/acre $ 3,717/acre Community Purpose $ 9,29/acre $ 815.01/a.:re $ 929/acre $ 929/acre F acilitv Estimated Revenue Zone B: See Entire District Below Zone C (Village 1 West): Residential $4001DU + O.44/sf $350.92/DU+O.38/sf $4001DU + O.44/sf $4001DU + O.44/sf Commercial $ 4,266/acre $ 3,742.56/acre. $ 4,266/acre $ 4,266/acre Community . Purpose $ 1,066/acre $ 935.20/acre $ 1,066/acre $ ] ,066/acre Facilitv Estimated Revenue Zone C: See Entire District Below Entire District: Undeveloped $ 8,864/acre $ O.OO/acre $ 8,864/acre $ 8, 864/acre Property Owner $ 8,864/ acre $ o 00/ acre $ 8,864/acre $ 8,864/acre Association PrOllertv Estimated Revenue - Entire District: $3,791,370.38 Resolution No. 2006-223 Page 8 EXHIBIT E Community Facilities District No. 99-1 (Otav Ranch SPA I-Bond Issue) - . CFD 99-1 finances publIc Improvements In a portIon of Otay Ranch Village I, Village 5 ?nd Village 1 \Nest. 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 (as given In the bond Indenture) and scheduled debt service on the bonds of $2,917,001.26 are anticipated dunng Fiscal Year 2006/07 ' ,> I, -.. " -.. """' e e e Resolution No. 2006-223 Page 9 EXHIBIT F Community Facilities District No. 99-2 (Gtay Ranch SPA T. Village 1 West Open Space Maintenance) , . - -. -,. :'.Ft2005/~6;si!_~~ai_f~:~!f4~~ ~'~2006/07~~~~~f~Eri_Ifu~~~l,~iOlT&~~~ - . -- Land Use Maximum Rate Actual Maximum Rate Projected Estimated Category Rate Rate Revenue Residential $ o 423'S/sf $ .001611sf $ o 4393/sf $ o 4393/sf Undeveloped $ 5,2270S/acre $- o OO/acre $ 5,418.67/acre $5,418.67/acre Estimated Revenue: $1,161,551.97 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$807;722 is projected for Fiscal Year 2006/07 Resolution No. 2006-223 Page 10 EXHlBlTG """'" Community Facilities District No. 2000-1 (Sunbow II Villages 5 through 10 - Bond Issue) ~.:E' ~~ ::.. '. ~. ,= ~ ,:: ~ "'EYiO~5!O~Sp~~i~;~~~~~c~ ~:~i006fOfs~c~ia~ Iii Ibie~:~. ~))~jj~l~7'j Land Use Category Maximum Actual Maximum Projected Estimated' Rate . Rate RAte Rate Revenue Residential $ o 4400/sf $ O.3302/sf $ o 4400/sf $ o 4400/sf Undeveloped $ 7,85I/acre $ o OO/acre $ 7,851/acre $ 7,851/acre Property Owner $ 7,851/acre .$ ODD/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, admmistrative costs for Fiscal Year 2006/07 are projected to be $50,000 (as gIven in the bond mdenture) and scheduled debt service on the bonds is $501,926.26 ~ "'"" e e e Resolution No. 2006-223 Page II EXHIBIT H Community Facilities District No. 2001-1 (San Miguel Ranch - Bond Issue) ~":.:- :::; ~ -'EYZ005/0(js~;';~imi~Rai~s';::, ; ~FYZOii6/ijTSp~~f.ii::t"aii!:ie~A:FY-iOff61~+ ;..' :,::;- :~'_. "" "',r, ^ ",\- ~~..."- ...."'.,'::,.,j:-_y.-..:~l',.,:~,:.::..;'c.:;. ~>_~:~>~_ ,::-,1 Land lise Category Actual Rate Projected Rate Estimated Revenue Maximum Rate Maximum Rate Improvement Area A: Residential $4751DU + O.34/sf $4751DU + O.34/sf $4751DU + O.34/sf $4751DU + O.34/sf Commercial $ 5,09l!acre $ 5,09l!acre $ 5,09l!acre $ 5,091/acre Undeveloped $ 10,376/acre $ 7,008.98/acre $ IO,376/acre $ 10,376/acre Estimated Revenue Improvement Area A: See Entire District Below Improvement Area B: Residential $4751DU + O.82/sf N/A . $4751DU + O,821sf $4751DU + O.82/sf Commercial $ 4,000/acre N/A $ 4,000/acre $ 4,00O/acre Undeveloped $ 10,444/acre N/A $ 10,444/acre $ 10,444/acre (Zone I) Undeveloped $ 4,444/acre N/A $ 4,444/acre $ 4,444/acre (Zone 2) Estimated Revenue Improvement Area B: See Entire District Below ~stimated Revenue Entire District: $4,064,831.28 <;:FD 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 vanous public facilities serving the San Miguel Ranch development such as Mount Miguel Road (EastlWest), Proctor Valley Road (EastlWest), 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 2006/07 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area A bonds is $992,966.26 For CFD 2001-1 Improvement Area B, administrative costs for Fiscal Year 2006/07 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area B bonds is $828,067.50 Resolution No. 2006-223 Page 12 EXHIBIT 1 -.., ~ - ' ~' , -"....~<. ~,'::-..- ;." ~,1 ""."...::it;.----:...-"-<'~:;.,'. ;c,:..~_ - . -. - ,., ".. . . ..'- '..,- F\IF "W - - . - '.: rn2005!OIi(SPI\Craf:T~RateS'~-' -~~. W2!Jlj6iOT.sp~cial.Ta:iRate~:-:'I~o-;~~06!a~:: . '. : L" _ - ~-;- < _ . . ~ - ,-; h":;" __ -_ ';:. ~ ' ~;:. "_ _ __ ":! ._ ~A. _, ,,_ ~~" ";>.., _ ,_.,_ .,,':- ,,) Land Use lVla~imum Actual 1Vla.:dmum Projected Estimated Category Rate Rate Rate Rate Revenue Residential $4401DU + O.34!sf $ 440IDU + O.34lsf $4401DV + O,34!sf S440IDU + O.34/sf Non- S 11.36S!acre' $ 11,3651acre S . 11 ,365!acre $ 11,3651acre residential Undeveloped $ 11.36S!acre $ 10,82S'16/aere $ 11,36Slacre $ 11,36Slacre - " Estimated Revenue: $865,486.91 Community Facilities District No. 2001-2 (McMillin,Otay Ranch, Village 6 - Bond Issue) 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 illterim transportation facilities. The main facilities include Olympic Parkway, La Media Road; Birch Parkway, La Medla Bridge, east OlympiC Parkway Bridge and a -.., Neighborhood Park. For CFD 2001-2, administration costs for Fiscal Year 2006/07 are projected to be $75,000 (as given in the bord indenture) and scheduled debt service on,the b<,mds is $708,865 ' . , , " , -.., e e e Resolution No. 2006-223 Page 13 EXHIBIT J Community Facilities District No. 08-M (McMillin Otay Ranch arid Otay Ranch Village 6 - Open Space Maintenance) ,-~~~"~" ',' -',' <', FY2005/06lsi~;rii.fafJgt;~~~~ ~'~~i0061oig~e~"aii~ii1;ei:':~li(~o'iEYlI'Cl.o:~~J;::i ~. "'"._:. ..- .'~~' ,-'-'~ '<_~'~.~"'-_.-:..:::';"!'::::, ~._ '.,~";~: --;-'~:-';.';::-'~~?-":-"-"-"":;'~:~r-~.> ~."'.~""o \,,,"',:":~.~::ii.,._ u.. 'f',--,>:~ Land Use Category Maximum Rate Estimated Revenue Actual Rate Maximum Rate Projected Rate Improvement Area 1: Residential $ 0.39l2/sf $ o 1659/sf $ o 4056/sf $ o 4056/sf Multi-family $ 0.2883/sf $ o 12221sf $ 0.2989/sf $ 0,2989/sf . Non-residential $ 2,446.54/acre $ 1,037.57/acre $ 2,536.221acre $ 2,536.221acre Final Map $ 6,490.921acre $ O.OO/acre $ 6,728, 84/acre $ 6,728.84/acre Other taxable - $ 6,490.92/acre $ O.OO/acre $ 6,728. 84/acre $ 6,728.84/acre residential Other taxable - $ 6,042.60/acre $ 0.00/ acre $ 6,264 09/acre $ 6,264.09/acre multi-family Other taxable- $ 2,446.54/acre $ O,OO/acre $ 2,536.221acre $ 2,536.22/acre non-residential Property Assoc. $ 6,490.921acre $ O,OO/acre $ 6,728.84/acre $ 6,728.84/acre ProPerty . Estimated Revenue Area 1: $621,862.14 Improvement Area 2: Residential $ 0.20111sf $ 0,0593/sf $ 0.2085/sf $ 0.2085/sf Multi-family $ 0.201llsf $ O.0593/sf $ 0.2085/sf $ 0.2085/sf Non-residential $ 4, I 66.68/acre $ 1,230 42/acre $ 4,319 40/a9re . $ 4,319 40/acre Final Map $ 4, I 66.68/acre $ O.OO/acre $ 4,31940/acre $ 4,319 40/acre Other taxable $ 4, I 66,68/acre $ O,OO/acre $ 4,31940/acre $ 4,31940/acre Property Assoc, $ 4,166,68/acre $ O,OO/acre $ 4,319 40/acre $ 4,31940/acre Prooerty Estimated Revenue Area 2: $407,311.09 Resolution No. 2006-223 Page 14 EXHIBIT J Community Facilities District No. 08-M (McMillin Otay Ranch and Ota)' Ranch Village 6 - Open Space Maintenance) ~ Community Facilities D1StriCt 08M finances the perpetual operation and maintenance of slopes, medians, parkways, trails, perimeter walls. perimeter fencmg and storm water treatment facihtles 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 ofSR 125 (a future roadi. and east of La Media Road. Improvement Area No 2 is generally located in two areas. Th;: first area is located east of La Medla 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 2006/07 are estimated to be approxunately $559,229 for Improvement Area No J and $363,290 for Improvement Area No 2. ~ ~ e Resolution No. 2006-223 Page 15 EXHIBIT K Community Facilities District No. 08-1 (Otay Ranch Village SIX) - - - ,~ . - - . FY 200S/06.S"peciarTuRates, . '\ : -, , . .FY2006/n1Sp~i:iaiTax - - FY~006;~7~ .... Rates .-. . 'r ,', Land Lise Maximum Actual Maximum Projected Estimated Category Rate Rate Rate Rate Revenue Reslden ual $ 800/DU + $ 800IDU + $ 800IDU + $ 800IDU + $O.35/sf $O.35/sf $O.35/sf $O.35/sf Non-Resldentiill $ 6,OOO/acre $ 6,OOO/acre $ 6,OOO/acre S 6,OOO/acre Zone A - $ 16,85~acre $13,521.86/acre $ 16,858/acre $16,858/acre Undevelooed Zone B - $ 26,445/acre $21,211.53/acre $ 26.445/acre $26,445/acre Undevelooed 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 Undevelooed e Estimated Revenue: $1,898,168.95 e . Community Facilities District 081 finances the construction of backbone streets and associated improv=ents (Le. grading, sewer, streets, landscaping, utilities, 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 Fiscal Year 2006/07 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,549,36876. Resolution No. 2006-223 EXHIBIT L Page 16 Community Facilities District No. .ll-M """'" (Rolling Hills Ranch McMillin - Open Space Maintenance) ':./.;.... :'.. .::.-:.: \':~2ii~~~~t@;.~~Ri~{; ':~~~o&~~i~~~t~iIii~i~lr~iJq~it; ~~+ -'..1<. ~-.~';,-_c~";'",-:-::-:;":--",,~~,~~;.r .:. "'-"- ,.-.,,<<__) --;_-::'v~",,-_'_.' ~:-~,.A.!:"~~'''I:-::~t ~)_ Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue - ResidentJal $ 32961IDU $ 329.611DU $ 341 69IDU $ 341.69/DU Non-residential $ 67L811acre $ 671.811acre $696.44/acre $696.44/acre . Final Map $ 67 \.81lacre $ I01.91/acre $696 44/acre $696.44/acre , Other ta;'{able $ . 67L81/acre $ - O.OO/acre $696.44/acre $696.44/acre Property Assoc. $ 671.81/acre $ O.OO/acre $696.44/acre $696.44/a~ Properly Estimated Revenue: $175,804.64 '. """'" Community Facilities District 11M finances the perpetual operation, rnonitormg 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, S,ub Area iII. A total budget" of $68,034 is projected for Fiscal Year 2006/07 .......... .e e e Resolution No. 2006-223 Page 17 EXHIBIT M Community Facilities District No. 12-1 (McMillm Otay Ranch Village Seven) . " ~'.FY" 2006/0.1 ~peciar Tax":,.:.z~ ;~~61ii.~;:' - ,,'Rates ',. " ., . ." Land Use Category Maximum Actual Maximum Projected Estimated Rate Rate Rate Rate Revenue Residential N/A N/A $ 890/DU + $ 890/DU $0 79/sf + $0 79/sf Non-Residential N/A N/A $ 6,000/acre $ 6,000/acre Zone A - N/A N/A $ 24,383/acre $ 24,383/acre Undevelooed Zone B - N/A N/A $ 41,621/acre $ 41,621/acre Undevelooed Zone k- N/A NIA $ 24,383/acre $ 24,383/acre Contingent Taxable Zone B - N/A N/A $ 41,621/acre $ 41,621/acre Contingent Ta'table Estimated Revenue: $2,513,277.93 II It I' Go=umty Facilities District 121 finances the construction of backbone streets and assoclated improvements (i.e. grading, sewer, streets, landscaping, utilities, etc), public facilities, anti DIP improvements within Otay Ranch Village Seven. This District is divided into Zone A and Zone B The adIhimstrative costs for Fiscal Year 2006/07 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,491,331.26. Resolution No. 2006-223 Page 18 EXHIBIT N " . . " ';.<' FY 20riS/06Speci:dT~' "' -, ;. . - ~ - " ' c", .' ... . " ., RateS', .. , ' ,," ~ - . .,. - - Community Facilities District No. 13-1 (Otay Ranch :\tillage Seven) ~ Land Use Category Maximum Actual Maximum Projected Estimated Rate ~ate Rate Rate Revenue Resldential N/A N/A $ 2,750IDU I $ 2,750IDU , + $0 45/sf + $0 45/sf Non-ResIdential N/A N/A $ 6,000/acre $ 6,OOO/acre Zone A - - Undeveloped N/A N/A $ 59,505/acre $ 59,505/acre Zone B - N/A NlA $ 37,8l8/acre $ 37,8l8/acre Undeveloped , Zone A - N/A N/A $ 59,50S/acre $ 59,505/acre Continl!ent Taxable , Zone B - '. Continl!ent Taxable N/A N/A $ 37,8l8/acre $ 37,8 I 8/acre Estimated Revenue: $1,652,650.50 """" "FY20lf6/0'1-~peciaITax ....: FY2006/l\;;', ". Rate"",;, . . ~ ... ~ . -. - - . - ( Community FacilitIes District 131 finances the constructIOn of backbone streets and associated improvements (i.e. grading; sewer, streets, landscaping, utilities, etc), public facilities, and DIP improvements within Otay Ranch Village Seven. This District is divided into Zone A and Zone B. The admini~trative costs for Fiscal Year 2006/07 are projected to be $75,000-(as given in the bond indenture) and scheduled debt service on the bonds is $1,111,216.26: """"' e e e Resolution No. 2006-223 Page 19 EXHIBIT 0 Community Facilities District No. 12-M (McMillm Otay Ranch and Otay Ranch Village 7 - Open Space Mamtenance) Land Use Category Developed: Improvement Area I - N/A N/A $ 0.393/sf $ O.393/sf ResIdential Improvement Area 1 - N/A N/A $ 7,728 421ao $ 7,728 42/ac Non-Residential Improvement Area 2- N/A N/A $ O.537/sf $ O.537/sf Residential Improvement Area 2 - N/A . N/A $8,649 72/ac $ 8,649 721ac Non-Residential Undeveloped: Improvement Area 1 - N/A N/A $ 7,728.421ao $ 7,728.421ac Final Mal) Improvement Area 1 - N/A N/A $ 7,728.421ac $ 7,728.421ac .Other Taxable Prol)erty Improvement Area I . Taxable Property Owner N/A N/A $ 7,728.421ac $ 7,728.42/ac .Assoc. ProPertY Improvement Area 2 - N/A N/A $ 8,649 72/ac $ 8,649 72/ac Final Mal) Improvement Area 2 - N/A N/A $ 8,649 72/ao $ 8,649 721ac Other Taxable Property Improvement Area 2 - Taxable Property Owner N/A N/A $ 8,649 721ac $ 8,649 721ac Assoc. Property Estimated Revenue: $1,022,980.27 Community Facilities District 12-M provides for the public services of landscaping and storm water quality improvements associated with McMillin Otay Ranch and Otay Village 7 Improvement Area 1 generally lies sciuth of Birch Road., East of Magdalena Avenue, and west of the SR 125 Improvement Area 2 is generally located east of La Media Road, south of Birch Road., and west of Magdalena A venue. The budgets for Fiscal Year 2006/07 are estimated to be approximately $536,926 for Improvement Area No. I and $456,369 for Improvement Area No. 2.