HomeMy WebLinkAboutReso 2007-193
RESOLUTION NO. 2007- I 93
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM
SPECIAL TAXES FOR FISCAL YEAR 2007/2008 WITHIN
COMMUNITY FACILITIES DISTRICTS 97-1, 97-2, 97-3, 98-1,
98-2,98-3,99-1,99-2,2000-1,2001-1,2001-2,07-1, 08-1, 08-M,
09-M, II-M, 12-1, 12-M, 13-1 AND 13-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-
2,97-3,98-1,98-2,98-3,99-1,99-2,2000-1,2001-1, 2001-2, 07-1, 08-1, 08-M, 09-M, ll-M, 12-
I, 12-M, 13-1 and 13-M; 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
2007/2008 are set forth in Exhibits A through U, 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 97-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2,
2000-1, 2001-1, 2001-2, 07-1, 08-1, 08-M, 09-M, ll-M, 12-1, 12-M, 13-1 and 13-M in Fiscal
Year 2007/2008 at the rates as set forth in Exhibits A through U 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 2007/2008 as authorized by Government Code
Section 53340.
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-
2,98-3,99-1,99-2,2000-1,2001-1,2001-2,07-1,08-1, 08-M, 09-M, II-M, 12-1, 12-M, 13-1 and
13-M respectively, as follows:
SECTION 1. 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 2007/2008 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, 07-1, 08-1, 08-M, 09-M, Il-M, 12-1, 12-M,
13-1 and 13-M as the rates set forth in Exhibits A through J, L, N through U 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 2007/2008 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.
Resolution No. 2007-193
Page 2
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 U hereto applicable to
the community facilities district in which such parcel being taxed is located.
Presented by
Approved as to form by
(2.e )~~
Scott Tulloch
Acting Assistant City Manager/City Engineer
~("Cll\.f\~\\
Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista,
California, this 24th day of July 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
McCann
ATTEST:
~L^ ~
Cheryl Cox, MayJ 0/
- -=- '/1 1 ~'T ~~~
Susan Bigelow, MMC, City CI
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. 2007-193 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 24th day of July 2007.
Executed this 24th day of July 2007.
\
"'5---__ '~L.t.LJ. ~1~J _p.-/
Susan Bigelow, MMC, City rk
..-"
Resolution No. 2007-193
Page 3
EXHIBIT A
Community Facilities District No. 97-1
(Otay Ranch Open Space Maintenance District)
FY 2l106/U7 Sp,',';al Tax Rat"s I ry 21l1l7/HS Sp,'rial Tax Raks I I' 21l07/HS
Land Use
Category
Maximum
Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Special Tax Area A:
Residential $ 0.1050/sf ~ 0.0895/sf $ 0.1086/sf $ 0.1086/sf
Non-residential $ 1,423.l9/acre Is 1,213.14/acre $ 1,471.58/acre $ 1,47L58/acre
Vacant $ 1,609.97/acre $ O.OO/acre $ 1,664.71/acre $ 1,664.71/acre
Estimated Revenue Special Tax Area A: $1,098,394.67
Special Tax Area B:
Residential $ O.2461/sf $ O.l144/sf $ O.2545/sf $ O.2545/sf
Non-residential $ 3,160.l7/acre ~ 1,468.96/acre $ 3,267.61/acre $ 3,267.61/acre
Vacant $ 3,573.56/acre $ O.OO/acre $ 3,695.05/acre $ 3,695.05/acre
Estimated Revenue Special Tax Area B: $1,895,688,80
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 2007/08 budget for this District totals $877,950 for
Area A and $1,273,538 for Area B.
Resolution No. 2007-193
Page 4
EXIllBIT B
Community Facilities District No. 97-2
(Otay Ranch Preserve)
n 200M)7 Spec;al Tax Rates I F\ 2flO7/0S Spee;;,l 1';1:\ Rates ! FY 20U71OS
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Improvement Area A:
Residential $ 0.0157/sf $ 0.0025/sf $ 0.01621sf $ 0.0 1621sf
Non-residential $ 255.65/acre $ 39.981acre $ 264.341acre $ 264.34/acre
Final Map $ 255.65/acre $ O.OOIacre $ 264. 34/acre $ 264.34/acre
Vacant $ 164.99/acre $ O.DO/acre $ 170.60/acre $ 170.60/acre
Estimated Revenue Improvement Area A: See Area C
Below
Improvement Area B:
Vacant
$ 63.761acre $ O.OOIacre $ 65.93/acre $ 65.93/acre
Estimated Revenue Improvement Area B:
See Area C
Below
Improvement Area C:
Residential $ O.01621sf $ O.D025/sf $ O.0168/sf $ O.0168/sf
Non-residential $ 261.81/acre $ O.DO/acre $ 270.71/acre $ 270.71/acre
Final Map $ 261. 81/ acre $ o .DO/acre $ 270.71/acre $ 270.71/acre
Vacant $ 168.97/acre $ O.OOIacre $ 174.71/acre $ 174.711acre
Estimated Revenue Improvement Areas A and C: $416,759.67
CFD 97-2 finances perpetual preserve maintenance, operation and management, biota
monitoring, preserve security, and preserve improvements. The Fiscal Year 2007/08 budget is
estimated to be $375,168.61. Starting in Fiscal Year 2007/08 and every three years thereafter,
biological surveys will need to be conducted at an estimated cost of $75,000. In addition to
these, a Cultural Survey must be conducted, taking into account the new land acquired in the
most recent annexation, at an estimated cost of $35,000. These additional costs will impact the
reserves on hand for the district. However, these costs are expected to be recouped starting in
Fiscal Year 2007/08, by a higher collectible amount in the commencing year, and a gradual
collectible in the years following.
Resolution No. 2007-193
Page 5
EXlUBIT C
F\ 2(Hlh/ll7 Spc< i..11 "" Rat,., I 1 \ 20071f1X Sp,...i..1 '1,,, Raks I F\ 20H7/11S
Land Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 0.3920/sf $ 0.3363/sf $ 0.3920/sf $ 0.3920/sf
Commercial $ 4,OOO/acre $3,431.59/acre $ 4,OOO/acre $ 4,OOO/acre
Community Purpose $ 1,OOO/acre $ O.OO/acre $ 1,OOO/acre $ 1,OOO/acre
Facility
Undeveloped $ 7,954/acre $ O.OO/acre $ 7,954/acre $ 7,954/acre
Property Owner $ 7,954/acre $ O.OOIacre $ 7,954/acre $ 7,9541acre
Association Pronertv
Estimated Revenue: $1,041,909.16
Community Facilities District No. 97.3
(Oray Ranch McMillin - Bond Issue)
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 2007/08 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
2007/08 levy is $813,798.76.
Resolution No. 2007-193
Page 6
EXHIBIT D
Community Facilities District No. 98.1
(Otay Project Interim Open Space Maintenance District)
I. \ 2006/07 Speda' Ta, Ra(cs I J. \ 2006107 Sped.11 Ta, Ra(cs I n 2007/0ll
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Taxable $ 128.25/acre $ 128.25/acre $ 132.61/acre $ 132.61/acre
Property
Estimated Revenue: $80,810.01
Community Facilities District No. 98-2
(Otay Project McMillin Interim Open Space Maintenance District)
ry 2006/07 Sl,edal Ta, R:I(cs I F\ 2007/0S Spet';al 'I a' Raks II \ 2007/Hll
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Taxable $ 59. 17/acre $ D.DO/acre $ 61.18/acre $ 61.18/acre
Property
Estimated Revenue: $0.00
CFDs 98-1 and 98-2 were created as interim districts because the areas of Gtay 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. 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 CFD's
08-M, l2-M and 13-M. The Fiscal Year 2007/08 budget for this District totals $102,418.
A portion of CFD 98-2 has been taken over by maintenance district, CFD 08-M, with other
portions of the district covered by CFD 12-M, None of the improvements in CFD 98-2 are
expected to be turned over to the City in Fiscal Year 2007/08 and therefore no special taxes will
be levied within this district in Fiscal Year 2007/08.
I
,
I
------_.~
Resolution No. 2007-193
Page 7
EXHIBIT E
Community Facilities District No. 98-3
(Sunbow II Open Space Maintenance District No. 35)
Land Use Maximum Projected
Category Rate Rate
Residential $ 433.14/EDU $ 433.141EDU $ 447.87/EDU $ 447.87/EDU
Commercial $ 3,779.66/acre $ 3,779.66/acre $ 3,908. 16/acre $ 3,908. 16/acre
Industrial $ 3,376.16/acre $ 3,376.16/acre $ 3,490.94/acre $ 3,490.941acre
Undeveloped $ 2,588.1O/acre $ 170.45/acre $ 2,676.09/acre $ 2,676.09/acre
Estimated Revenue: $1,246,275.46
FY 20U(,/07 SI',,'ial T<lX I{atcs I FY 2(H)7/0S Sped;)l Tax Rates I FY 2UU7/OS
---
~ II: "
'. '.
Community Facilities District 98-3 finances open space maintenance in the Sunbow IT
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
2007/08 budget for this District totals $954,272.
Resolution No. 2007-193
Page 8
EXHmIT F
FY 200(,f()7 Sprcial '1 ax Ratts I ,. Y 2007/0S Sprcial Ton Ratrs ! I Y 2007/1lS
Community Facilities District No. 99.1
(Otay Ranch SPA I-Bond Issue)
Land Use
Category
Maximwn
Rate
Actual
Rate
Maximwn
Rate
Projected
Rate
Estimated
Revenue
Zone A (Village 1):
Residential $ a.28/sf $ a.2234/sf $ a.28/sf $ a .28/sf
Commercial $ 1.600/acre $ 1.276.8a/acre $ 1.600/acre $ 1.600/acre
Community
Purpose $ 400/ acre $ a.OO/aere $ 400/acre $ 400/acre
F acilitv
Estimated Revenue Zone A: See Entire
District Below
Zone B (Village 5):
Residential $4OO/DU + O.29/sf 319.211DU +O.23/sf $400IDU + O.29/sf $4OO1DU + O.29/sf
Commercial $ 3.717/acre 2.966.221acre $ 3.717/acre $ 3.717/acre
Community
Purpose $ 929/acre D.OD/acre $ 929/acre $ 929/acre
Facilitv
Estimated Revenue Zone B: See Entire
District Below
Zone C (Village 1 West):
Residential $400IDU + O.44/sf $319.20IDU+O.35/sf $400IDU + O.44/sf $400IDU + O.441sf
Commercial $ 4.2661acre $ 3,404.33/acre $ 4.266/acre $ 4.2661acre
Community
Purpose $ 1.066/acre $ D.OD/acre $ 1,0000acre $ 1.066/acre
Facilitv
Estimated Revenue Zone C: See Entire
District Below
Entire District:
Undeveloped $ 8.864/acre $ a.OO/acre $ 8.864/acre $ 8.864/aere
Property
Owner $ 8,864/aere $ a.OD/acre $ 8,864/acre $ 8,864/acre
Association
Pronertv
Estimated Revenue - Entire District: $3,790,081.32
Resolution No. 2007-193
Page 9
EXlDBIT F
Community Facilities District No. 99-1
(Otay Ranch SPA I-Bond Issue)
eFD 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 eFD 99-1, administrative costs of $75,000 (as
given in the bond indenture) and scheduled debt service on the bonds of $2,914,601.26 are
anticipated during Fiscal Year 2007/08.
Resolution No. 2007-193
Page 10
EXHIBIT G
Community Facilities District No. 99-2
(Otay Ranch SPA 1, Village 1 West Open Space Maintenance)
I" :!IHlMI7 SII~l"i.11 T." R.,ll" II' Y :!007/0li SJllTi.11 Tax I(al~, i I Y :!OIl7!OS
Land Use Maximum Rate Actual Maximum Rate Projected Estimated
Category Rate Rate Revenue
Residential $ 0.4393/sf $ 0.2286/sf $ 0.45421sf O.45421sf
Undeveloped $ 5,418.67/acre $ O.OO/acre $ 5,602.89/acre $5,602.89/acre
Estimated Revenue: $1,201,042.41
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 $739,342 is projected for Fiscal Year 2007108.
Resolution No. 2007-193
Page II
EXHIBIT H
I Y :!1I11li1U7 Sp",;,.l Ta, R..te, I FY :!lI07/l1S Spe,'i.,1 Ta, Rate' II FY:!1I117/1lS
Land Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 0.4400/ sf $ 0.3802lsf $ O.4400/sf $ O.4400/sf
Undeveloped $ 7,851/acre $ O.OO/acre $ 7,851/acre $ 7,8511acre
Property Owner $ 7,851/acre $ O.OO/acre $ 7,851/acre $ 7,851/acre
Association Prooertv
Estimated Revenue: $667,703.96
Community Facilities District No. 2000-1
(Sunbow II Villages 5 through 10 - Bond Issue)
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 2007/08 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the bonds is $506,076.26.
Resolution No. 2007-193
Page 12
EXHIBIT I
Community Facilities District No. 2001-1
(San Miguel Ranch - Bond Issue)
1\ 200Ml7 Sprcial Taxl{atcs I ,.\ 200711lS Sp"";'" Taxl{al,'s i I-\ 2011711lS
Land Use
Category
Maximum Rate
Actual
Rate
Maximum Rate
Projected
Rate
Estimated
Revenue
Improvement Area A:
Residential $475/DU + 0.34/,f $411.80/DU+0.30/sf $4751DU + 0.34/,f $475/DU + 0.34/,f
Commercial $ 5,091/acre $ O.OO/acre $ 5,091/acre $ 5.091/acre
Undeveloped $ 1O,3761acre $ O.OO/acre $ 1O,376/acre $ 1O,376/acre
Estimated Revenue Improvement Area A: See Entire
District Below
Improvement Area B:
Residential $475/DU + O.82/sf N/A $4751DU + 0.82/sf $475/DU + O.82/sf
Commercial $ 4,000/acre N/A $ 4,ooo/acre $ 4.ooo/acre
Undeveloped $ 1O,444/acre $ 6,41O.78/acre $ 1O,444/acre $ 10,444/acre
(Zone I)
Undeveloped $ 4,444/acre $ 2,727 .83/acre $ 4.4441 acre $ 4,444/acre
(Zone 2)
Estimated Revenue Improvement Area B: See Entire
District Below
Estimated Revenue Entire District: $2,754,975.36
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 2007/08 are projected to be $75,000 (as given in the bond
indenture) and scheduled debt service on the Improvement Area A bonds is $992,316.26. For
CFD 2001-1 Improvement Area B, administrative costs for Fiscal Year 2007/08 are projected to
be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area
B bonds is $829.292.50.
Resolution No. 2007-] 93
Page 13
EXHIBIT J
I I ry
r\ :!UU(,/U7 Special T"x Rates F\ :!()U7/0!l Special Tax Rates :!()U7JllS
I
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential $440IDU + O.34/sf $390.10lDU+O.30/sf $440IDU + O.34Isf $440IDU + O.34/sf
Non- $ 11,365/acre $ O.OO/acre $ 11 ,365/acre $ l1,365/acre
residential
Undeveloped $ 11,365/ acre $ O.OO/acre $ 11,365/acre $ 11.365/ acre
Estimated Revenue: $884,133.53
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 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 2007/08 are
projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds
is $708,315.
Resolution No. 2007-193
Page 14
EXHIBIT K
Community Facilities District No. 06-1
(EastLake Woods, Vistas, and Land Swap - Bond Issue)
IT ~oo(,m7 Sprdal Tax Ratrs I,. \ ~007mS Sprdal Tax Ratrs II- Y 10U7mS
Land Use
Category
Maximum Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Improvement Area A (Zone 1 - Vistas):
Residential $ 0.58oo/sf $ O.5400/sf $ 0.58oo/sf ~ 0.5800/sf
Commercial $ 6.000.00!acre $ 5.54I.00/acre $ 6,OOO.00/acre ~ 6.000.oo/acre
Hotel Property $ 6.000.00/acre $ 5.54I.00/acre $ 6.0oo.oo/acre ~ 6.0oo.00!acre
Undeveloped $ 1l.037.oo/acre $O.OO!acre $1l.037.oo/acre $ll.037.oo/acre
Improvement Area A (Zone 2 - Woods):
Residential $ 0.6700/sf $ 0.6l87/sf $ O.6700/sf 0.6700/sf
Commercial $ 6.000.00/acre $ 5.541.00/acre $ 6.000.oo/acre $ 6.000.00!acre
Undeveloped $ 8.332.00/acre $ 0.00/ acre $ 8.332.00!acre :Ii 8.332.00!acre
Estimated Revenue Improvement Area A (Zones 1 and 2): $4,116,178.03
Improvement Area B (Zone 3 - Land Swap):
Residential $ O.7400/sf $ O.7400/sf $ 0.7400/sf 0.7400/sf
Commercial $ 6.000.00/acre $ 6,OOO.OO/acre $ 6.000.00/acre 6.000.00!acre
Undeveloped $20.563.oo/acre $ I 1.807.27/acre $20,563.00/acre ~20.563.oo/acre
Improvement Area B (Zone 4 - Land Swap):
Residential $ O.7400/sf $ O.7400/sf $ O.7400/sf ~ 0.7400/sf
Commercial $ 6.000.00!acre $ 6.000.00/acre $ 6.000.00/acre ~ 6,OOO.OO!acre
Undeveloped $ 6.667.00/acre $ 3.828.l9/acre $ 6,667.00!acre ~ 6.667.00lacre
Estimated Revenue Improvement Area B (Zones 3 and Zone 4): $824,858.86
J
Resolution No. 2007-193
Page 15
EXHIBIT K
CFD 06-1 finances the acqmsltlOn 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 for FY 2007/08 are projected to be
$75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $3,394.425.
Resolution No. 2007-193
Page 16
EmmIT L
Community Facilities District No. 07-1
(Otay Ranch - Village Eleven - Bond Issue)
I \ 211111tJll7 Spl'dal .J;,~ n 211117iOS Spl'l'ial Ta~ ry 200710S
RaIl's R.lll's
Land Use
Cateo
Density
Maximum
Rate
Actual Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Residential
Oto 8 $ 1,675/DU $ 1,675/DU $ 1,675/DU $1,675/DU
>8 to $ 1,34O/DU $ 1,34O/DU $ 1,340/DU $ 1,34OOU
20
>20 $ 1,005/DU $ 1,OO5/DU $ I,005/DU $ I,005/DU
N/A $ 6,OOO/ac $ 6,OOO/ac $ 6,OOO/ac $ 6,OOO/ac
$ 13,955/ac $ 8,456.32/ac $ 13,955/ac $ 13,955/ac
$ 24,218/ac $ 14,675.39/ac $ 24,218/ac $ 24,218/ac
$ 13,955/ac $ O,OO/ac $ 13,955/ac $ 13,955/ac
$ 24,218/ac $ O.OO/ac $ 24,218/ac $ 24,218/ac
$ 13,955/ac $ O,OO/ac $ 13,955/ac $ 13,955/ac
$ 24,218/ac $ O,OO/ac $ 24,218/ac $ 24,218/ac
Estimated Revenue: $4,061,917.17
Residential
Residential
Non-Residential
CFD 07-1 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 Olympic Parkway forms the northern edge and to the
west is the extension of Eastlake Parkway. The administration costs for FY 2007/08 are
projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds
is $3,040,561.26,
Resolution No. 2007-193 EXIllBIT M
Page 17 Community Facilities District No. 07-M
(EastLake III - Woods, Vistas, and Land Swap - Open Space Maintenance)
F' ZOO(,/l17 Sp,..-;"I r"... R.lles I I')" ZOlJ7/08 Sped.11 T"... Rales ' Z(J:;~!oX
Land Use
Category
Maximum
Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Improvement Area 1:
Residential $ 0,1240/sf $ O.D264/sf $ 0.12821sf $ 0.12821sf
Multi-family $ 0.1240/sf $ O.0264/sf $ O.12821sf $ O.12821sf
Non-residential $ 1,618.4l1acre $ 344.161acre $ 1,673.43/acre $1,673.43/acre
Final Map $ 1,618.4l1acre $ O.oo/acre $ 1,673.43/acre $1,673.43/acre
Other taxable $ 1,6l8.4l1acre $ 0.001 acre $ 1,673.43/acre $1,673.43/acre
Property Assoc. $ 1,618.4l1acre $ 0.00/ acre $ 1,673.43/acre $1,673.43/acre
Prooenv
Estimated Revenue Area 1: $785,137.94
Improvement Area 2:
Residential $ 0.08ll/sf $ O.OO421sf $ O.0839/sf $ O.0839/sf
Multi-family $ 0.0811/sf $ O.OO421sf $ 0.0839/sf $ 0.0839/sf
Non-residential $ 448.2l/acre $ 23.28/acre $ 463.45/acre $ 463.45/acre
Final Map $ 1,222.53/acre $ O.oo/acre $ 1,264.09/acre $1,264.09/acre
Other taxable $ 1,222.53/acre $ O.OO/acre $ 1,264.09/acre $1,264.09/acre
Property Assoc. $ 1,222.53/acre $ O.OO/acre $ 1,264.09/acre $1,264.09/acre
Property
Estimated Revenue Area 2: $102,907.16
Community Facilities District 07-M provides the necessary funding for the perpetual operation
and maintenance of slopes, medians and parkways and storm water treatment facilities associated
with EastLake III - Woods and Vistas and Land Swap Parcel (south parcel only) and Annexation
No. 1.
Resolution No. 2007-193
Page 18
EXHIBIT N
Community Facilities District No. 08-M
(McMillin Otay Ranch and Otay Ranch Village 6 - Open Space Maintenance)
n 2006f(J7 Special Tax '{ates n 21Hl7/0S Sp,'cial T.IX Rat,.s I '()'j'7Y
, _ ( illS
Land Use
Category
Maximum
Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Improvement Area 1:
Residential $ O.40561sf $ O.1026/sf $ O.41941sf $ O.4194/sf
Multi-family $ O.2989/sf $ O.07561sf $ 0.3091/sf $ O.30911sf
Non-residential $ 2,536.221acre $ O.DO/acre $ 2,622.45/acre 2,622.45/acre
Final Map $ 6,728.841acre $ O.DO/acre $ 6,957.61/acre 6,957.61/acre
Other taxable - $ 6,728. 841acre $ O.DO/aere $ 6,957.611acre 6,957.61/aere
residential
Other taxable - $ 6,264.09/aere $ O.DO/aere $ 6,477.06/acre 6,477.06Iaere
multi-familv
Other taxable - $ 2,536.221aere $ O.OOIaere $ 2,622.45/acre 2,622.45/acre
non-residential
Property Assoc. $ 6,728.84/acre $ O.DO/aere $ 6,957.611acre 6,957.61/acre
Property
Estimated Revenue Area 1: $679,763.35
Improvement Area 2:
Residential $ O.2085/sf $ O.0373/sf $ O.21561sf $ O.2156/sf
Multi-family $ O.2085/sf $ O.0373/sf $ O.2156/sf $ O.2156/sf
Non -residential $ 4,319.40/aere $ O.DO/aere $ 4,466.25/acre $ 4,466.25/aere
Final Map $ 4,319.40/aere $ O.DO/aere $ 4,466.25/acre $ 4,466.25/aere
Other taxable $ 4,319.40/acre $ O.OO/aere $ 4,466.25/aere $ 4,466.25/aere
Property Assoc. $ 4,319.40/aere $ O.OOIaere $ 4,466.25/acre $ 4,466.25/acre
Property
Estimated Revenue Area 2: $448,305.75
. J
Resolution No. 2007-193
Page 19
EXHIBIT N
Community Facilities District No. OS-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. I 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 A venue, 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 2007/08 are estimated to be approximately $514,285 for Improvement
Area No.1 and $177,743 for Improvement Area No.2.
Resolution No. 2007-193
Page 20
EXHIBIT 0
Community Facilities District No. 08-1
(Otay Ranch Village Six)
I' \ 2001>/07 Sprl'i.,1 'I a~ Rales I' 2007/OS Spl'l'ial 'I a~ 1-\ 211117/11S
RaIl's
Land Use Maximnm Actual Maximnm Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential $ 800/DU + $ 799.45/DU + $ 8oo/DU + $ 8oo/DU +
$O.35/sf $O.35/sf $0.35/sf $O.35/sf
Non-Residential $ 6,OOO/acre $ O.oo/acre $ 6,OOO/acre $ 6,OOO/acre
Zone A - $ 16,858/acre $ 0.00/ acre $ 16,858/acre $ 16,858/acre
Undevelooed
Zone B - $ 26,445/acre $ O.oo/acre $ 26,445/acre $26,445/acre
Undevelooed
Zone A -
Provisional $ 16,858/acre $ O.OOIacre $ 16,858/acre $16,858/acre
Undevelooed
Zone B -
Provisional $ 26,445/acre $ O.DO/acre $ 26,445/acre $26.445/acre
Undevelooed
Estimated Revenue: $1,886,768.00
Community Facilities District 081 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 Dtay Ranch Village Six. This District
is divided into Zone A and Zone B. The administrative costs for Fiscal Year 2007/08 are
projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds
is $1,547,668.76.
Resolution No. 2007-193
Page 21
EXHIBIT P
Community Facilities District No. 09-M
(Otay Ranch Village 11 - Brookfield Shea)
Developed:
Residential o to 8 $ 524.22/DU $ 466.67/DU $ 542.04/DU $ 542.04/DU
Residential >8 to $ 419.37/DU $ 373.32/DU $ 433.63/DU $ 433.63/DU
20
Residential Greater $ 314.52/DU $ 279.98/DU $ 325.21/DU $ 325.21/DU
than 20
Non-Residential N/A $2,013.02lac $1,791,99/ac $2,081.461ac $2,081.46/ac
Undeveloped:
$2,0 13.02lac $
O.OOJac $2,081.461ac $2,081.461ac
$2,013.02lac $
O.OO/ac $2,081.461ac $2,081.461ac
$2,0 13.02lac $
O.OO/ac $2,081.461ac $2,081.461ac
Estimated Revenue: $781,31837
eFD 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 2007/08 budget is estimated to be
$781,318,37. The CFD Special Tax Levy Report for maintenance 09-M requires the
establishment of a fund reserve for each district of up to 100 percent of the total annual operating
budget in order to provide revenue for the first half of the fiscal year before any income is
received and to provide for cost overruns and delinquencies. A 95% reserve has been provided
by including an additional 95% of the fiscal year 2007/08 budget. The reserves should provide
sufficient funding through December 31, 2007. Additional reserves may be realized depending
on the schedule for accepting new landscaping improvements during the fiscal year.
eFD 09-M (Maintenance District)
The full cost of providing maintenance services in this district totals $893,565. This entire
amount is recovered through the CFD's special tax assessments and reserves, resulting in no net
impact to the General Fund.
Resolution No. 2007-193
Page 22
EXHmIT Q
Community Facilities District No. 11-M
(Rolling Hills Ranch McMillin - Open Space Maintenance)
FY 200(,j()? Spl'l.j..1 I'ax Rail" I, \ 2007/(1S Spcd.11 Tax Ratc, I FY 2007/(1S
Land Use
Category
Maximum Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Residential $ 341.69/DU $ 139.78/DU $ 353.31/DU $ 353.31/DU
Non-residential $696.44/acre $ O.OO/acre $720.12/acre $720.12/acre
Final Map $696.44/acre $ O.OO/acre $720.12/acre $720.12/acre
Other taxable $696.44/acre $ O.OO/acre $720.12/acre $720. 12/acre
Property Assoc. $696.441acre $ O.OO/acre $720.12/acre $720.12/acre
Property
Estimated Revenue: $173,426.51
Community Facilities District 11M 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 m. A total budget of $73,981 is projected for Fiscal Year 2007/08.
Resolution No. 2007-193
Page 23
EXHIBIT R
Community Facilities District No. 12-1
(McMillin Otay Ranch Village Seven)
F\ 2UUr./l17 Special ra~ n 2UU7/US Special Ta, n 2U07/0S
Ratt's Rates
Land Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 890IDU + $ 8901DU $ 890IDU + $ 890IDU
$0.79/sf + $0.79/sf $0. 79/sf + $0. 79/sf
Non-Residential $ 6,OOO/acre $ O.OOIacre $ 6,OOO/acre $ 6,OOOIacre
Zone A - $ 24,383/acre $ 17,420.481acre $ 24,383/acre $ 24,383/acre
Undevelooed
Zone B - $ 41,621!acre $29,736.211acre $ 41,621/acre $ 41,621/acre
Undeveloped
Zone A - $ 24,383/acre $ O.OO/acre $ 24,383/acre $ 24,383/acre
Continl?:ent Taxable
Zone B - $ 41,621!acre $ O.OOIacre $ 41,621/acre $ 41,621/acre
Continl?:ent Taxable
Estimated Revenue: $2,189,993.58
Community Facilities District 121 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 administrative costs for Fiscal Year 2007/08 are projected to be $75,000 (as given in the
bond indenture) and scheduled debt service on the bonds is $1,494,631.26.
Resolution No. 2007-193
Page 24
EXlUBIT S
Community Facilities District No. 13-1
(Otay Ranch Village Seven)
n ::!UIl('/Il7 SI.cd.,1 T", I Y ::!tltl7/US Spcd"l '1,,, I , 2U07/tlH
RalL's RaIl's
Land Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 2,7501DU $ 0.00 $ 2,7501DU $ 2,7501DU
+ $0.45/sf + $0.45/sf + $OA5/sf
Non-Residential $ 6,000/acre $ O.OO/acre $ 6,000/acre $ 6,000/ acre
Zone A - $ 59,505/acre $ 45. 194.65/acre $ 59,505/acre $ 59,505/acre
Undeveloped
Zone B - $ 37,818/acre $28,723.15/acre $ 37,818/acre $ 37,818/acre
Undevelooed
Zone A - $ 59,505/acre $ 0.00/ acre $ 59,505/acre $ 59 ,50S/acre
Contingent Taxable
Zone B - $ 37,818/acre $ O.OO/acre $ 37,818/acre $ 37,818/acre
Contingent Taxable
Estimated Revenue: $1,561,817.53
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 administrative costs for Fiscal Year 2007/08 are projected to be $75,000 (as given in the
bond indenture) and scheduled debt service on the bonds is $1,111,143.76.
Resolution No. 2007-193
Page 25
EXHIBIT T
Community Facilities District No. 12-M
(McMillin Otay Ranch and Otay Ranch Village 7 - Open Space Maintenance)
Im_
Maximum
Rate
FY 100(,/(17 S,.,t't'i,,1 T"x I
Iblt's
-.mil
~
FY 1007/0S Sped,,1 T"x
I{"ll's
FY 10071l1S
Land Use Category
Max
Rate
Projected
Rate
u: 'I
.. "
Developed:
lInprovement Area 1 - $ D.393/sf D.393/sf $ D.4064/sf $ D.4064/sf
Residential
lInprovement Area 1 - $7.728.42Jac D.DO/ac $ 7.991.17/ac $ 7.991.17/ac
Non-Residential
lInprovement Area 2- :Ii D.537/sf :Ii D.OO/sf $ D.5553/sf $ 0.5553/sf
Residential
lInprovement Area 2 - $8.649.72Jac $ D.DO/ac $8.943.79/ac $8.943.79/ac
Non-Residential
UndeveloDed:
lInprovement Area 1 - $7.728.42Jac ~7.728.361ac $ 7.991.17/ac $ 7.991.17/ac
Final Mao
lInprovement Area 1 - $7.728.42Jac ~ 678.32Jac $ 7,991.17/ac $ 7.991.17Iac
Other Taxable Propertv
lInprovement Area 1 -
Taxable Property Owner $7,728.42Jac $ O.DO/ac $ 7.991.17/ac $ 7.99 1. l7Iac
Assoc. Prooertv
lInprovement Area 2 - 8.649.72Jac $8.649.72Jac $ 8.943.79/ac $ 8.943.79/ac
Final Map
lInprovement Area 2 - :li8.649.72Jac $2,054.88/ac $ 8.943.79/ac $ 8.943.79/ac
Other Taxable Prooerty
lInprovement Area 2 -
Taxable Property Owner $8.649.72Jac $ O.OO/ac $ 8.943.79/ac $ 8,943.79/ac
Assoc. Property
Estimated Revenue: $ 978,993.98
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 south of Birch Road, East of Magdalena A venue. 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 2007/08 are estimated to be
approximately $452,486 for both Improvement Area No.1 and Improvement Area No.2.
Resolution No. 2007-193
Page 26
EXHIBIT U
Community Facilities District 13-M
(Otay Ranch Village 2)
L.Iud ( ~l' Catl'~or~ 2007/11S 2OH71OS E~linlatl'd
'l.t\.iJullm \c1l1'll Rt'H.'IlUC
R~te R~tc
Improvement Area I - Residential 0.393/sf ~ 0.393/sf
Improvement Area I - $7,728.42/ac ~ O.OO/ac
Non-Residential
lmprovement Area 2 - Residential ~ 0.537/sf ~ O.OO/sf
Improvement Area 2 - $8,649.72/ac $ O.OO/ac
Non-Residential
Improvement Area I - $7,728.42/ac ~7,728.36/ac
Final Map
Improvement Area I - $7,728.42/ac ~ 678.32/ac
Other Taxable Property
Improvement Area I -Taxable Property Owner Assoc. ~7,728.42/ac ~ O.OO/ac
Property
Improvement Area 2 - $8,649.72/ac ~8,649.72/ac
Final Map
Improvement Area 2 - !$8,649.72/ac ~2,054.88/ac
Other Taxable Propertv
Improvement Area 2 -Taxable Property Owner Assoc. ~8,649. 72/ac $ O.OO/ac
Propertv
Estimated Revenue: $82,966.00
A Special Tax of Community Facilities District 13-M shall be levied on all Assessor's Parcels of
Taxable Property within the CFD each Fiscal Year Commencing in Fiscal Year 2007-2008.
Community Facilities District 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.