HomeMy WebLinkAbout2007/09/18 Item 6
CITY COUNCIL
AGENDA STATEMENT
~f:. CITY OF
- - - (HULA VISTA
09/18/07 Item lLJ
ITEM TITLE:
RESOLUTION AUTHORIZING THE
LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL
YEAR 2007-2008 WITHIN COMMUNITY FACILITIES
DISTRICT 13-M; AND DELEGATING TO THE CITY
MANAGER THE AUTHORITY TO ESTABLISH THE
SPECIAL TAX FOR THIS DISTRICT
SUBMITTED BY:
REVIEWED BY:
ENGINEERING & GENERAL SERVICES DIRECTOR'). G\
ASSIST ANT CITY MA A R <.:, 7 ,,~
CITY MANAGER
4/5THS VOTE: YES 0 NO D
BACKGROUND
On July 24, 2007, the City Council established the maximum special tax rates that may
be levied for Fiscal Year 2007-2008 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, II-M, 12-
I, 12-M, 13-1 and 13-M as were attached as Exhibits A through U.
The maximum special tax rate table for Community Facilities District 13-M (Exhibit U)
was found to be incorrect and a corrected table is submitted for Council's approval.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed actlVlty for
compliance with the California Environmental Quality Act (CEQA) and has deterruined
that the activity is not a "Project" as defined under Section 15378 of the State CEQA
Guidelines because it involves an intention to levy and collect assessments for existing
activities in this Community Facilities District and does not involve any new activities,
therefore pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is
not subject to CEQA. Thus, no environmental review is necessary
6-1
09/18/07, Item~
Page 2 of 2
RECOMMENDATION
That Council adopt the Resolution authorizing the levy of maximum special taxes for
Fiscal Year 2007-2008 within Community Facilities District 13-M; and delegating to the
City Manager the authority to establish the special tax for this district.
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
The Council established the maximum special tax rate that may be levied in Community
Facilities District 13-M for Fiscal Year 2007-2008 at the rates set for in Exhibit U of the
Agenda that went to Council on July 24, 2007. It was later discovered that the table
included in that Agenda Statement and attached to the associated resolution was incorrect.
This Agenda Statement includes the revised and correct exhibit which sets the maximum
special tax rate for Fiscal Year 2007-2008. Pursuant to Government Code 53340, it
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 Community
Facilities District 13-M and to file such list with the auditor of the County of San Diego on
or before the required date or such other date with the prior written consent of auditor. The
amount of the special tax to be levied on each such parcel is based on the budget for
Community Facilities District 13-M as previously approved by Council and shall not exceed
the maximum special tax as set forth in the revised Exhibit U. Although the previous
Agenda Statement contained an error, the correct amount was submitted to the County
Assessor.
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found no such
holdings within 500' of the boundaries of the property which is the subject of this action.
FISCAL IMPACT
There is no impact to the General Fund. The actual levy amounts that were sent to the
County were correct.
ATTACHMENTS
1. Resolution 2007-193
2. Corrected Table for CFD 13-M
6-2
ATTACHMENT t
RESOLUTION NO. 2007-193
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 DlSTRlCTS 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, 11-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 maximwn 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, 11-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 maximwn 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, 11-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, 11-M, 12-1, 12-M, 13-1 and
13-M respectively, as follows:
SECTION I. The foregoing recitals are true and correct.
SECTION 2. This City Council does hereby establish the maxirnwn 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, 11-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 ofthe 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 otber later date with tbe prior written consent of such auditor.
6-3
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
~)~~
Scott Tulloch
Acting Assistant City Manager/City Engineer
~{"<::>l\.f\~\..\
Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula 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
=Ic~~~i ~
ATTEST:
---=-'/11 tJJ.-'1~
Susan Bigelow, MMC, City Cl
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.
\
~--'~L1...L.i. ~l~ d ~
Susan Bigelow, MMC, City rk
.. _.__._~._._______ _.__________...6=4 _
__ _~_ ._--1
Resolution No. 2007-193
Page 3
EXHIBIT A
Community Facilities District No. 97-1
(Oray Ranch Open Space Maintenance District)
ry 2nordl7 Sf'"l';al T.1\ R.ltl' I ry 21l07!11S Slll'd,lI T:I\ Ratc, I I' 2(11)7/OS
Land Use
Category
Maximum
Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Special Tax Area A:
Residential $ 0.1 Q50/sf ) Q.Q895/sf $ O.I086/sf $ 0.1086/sf
Non-residential $ 1,423. 19/acre $ 1,213.I4Iacre $ 1,47 L581acre $ 1.471.581acre
Vacant $ 1,609.97/acre $ O.OOIacre $ 1,664.711acre $ 1,664.71/acre
Estimated Revenue Special Tax Area A: $1,098,394.67
Special Tax Area B:
Residential $ 0,2461/sf 1$ O.I144/sf $ 0.2545/sf $ 0,2545/sf
Non-residential $ 3,160.17/acre 1,468.96/acre $ 3,267.611acre $ 3,267.6I1acre
Vacant $ 3,573.56/acr. $ 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, Oray
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.
6-5
Resolution No. 2007-193
Page 4
EXHIBIT B
Community Facilities District No. 97.2
(Otery Ranch Preserve)
n 201l(,!H7 Spl'ci:l' '1'<1\ R:lll" I n .!1J07/IIS SplTi:l' 1.1\ Rill', I I \ .!01l7!Oli
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Improvement Area A:
Residential $ 0.0 157/sf $ O.oo25/sf $ 0.01621sf $ 0.01621sf
Non-residential $ 255.65/acre $ 39.981acre $ 264.341acre $ 264.34/acre
Final Map $ 255.65/acre $ O.OOIacre $ 264.341acre $ 264.341acre
Vaeant $ 164.99/acre $ O.OOIacre $ 170.6OIacre $ 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 $ 0.01621sf $ 0.OO25/sf $ 0.0 168/sf $ 0.0168/sf
Non-residential $ 261.81/acre $ O.OOIacre $ 270.71/acre $ 270.71/acre
Final Map $ 261.81/acre $ O.OOIacre $ 270.71/acre $ 270.71/acre
Vacant $ 168.97/acre $ O.OOIacre $ 174.71/acre $ 174.71/acre
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 2007108 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.
6-fL. _...________
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Resolution No. 2007-193
Page 5
EXHIBIT C
1\ 101lh'117 Sp"i..1 la, R.II" II \ ltlll7/f1S Sp,',i..I'!." ({"tc, I 1\ 11107/IJS
Land Use Category Maximum Actual Maximum Projected EstiIDated
Rate Rate Rate Rate Revenue
Residential $ O.3920/sf $ O.3363/sf $ 0.39201sf $ 0.3920/sf
Co=rcial $ 4.OOOIacre $3,431.59Ioore $ 4,OOOloore $ 4,000lacre
Community Purpose $ 1,0000acre $ D.DOIacre $ 1,0000acre $ 1,0001 acre
Facility
Undeveloped $ 7.9541oore $ O.OOIacre $ 7,9541acre $ 7,9541acre
Property Owner $ 7,9541acre $ O.OOIaere $ 7,954/acre $ 7,954/acre
Association Prooertv
Estimated Revenue: $1,041,909.16
Community Facilities District No. 97-3
(Otay Ranch McMillin - Bond Issue)
eFD 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 Olay 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
ZOO7/081evy is $813,798.76.
6-7
Resolution No. 2007-] 93
Page 6
ExHIBIT D
Community Facilities District No. 98.1
(Otay Project lnterim Open Space Maintenance District)
1\ 21106 H7 ~pl'd,11 T:),\ R.l(c' I 1\ 2(HI(,/07 Slll-d.11 T..r\. ){.llt's II \ 20117/11S
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenne
Taxab]e $ 128.25/acre $ ] 28.25/acre $ ]32.61/acre $ 132.61/acre
Pronem
EstImated Revenue: $80,810.01
Community Facilities District No. 98-2
(Otay Project McMillin Interim Open Space Maintenance District)
I \ ~4Ht(}/Cf7 Spld.11 Tax I~.ltl'''' I 1\ 2007/11S Sl'cci..1 '1.,,\ Ralt', I 1\ 2l1ll7/11S
I
Land Use Maximum Actual Ma:rimnm Projected Estimated
Category Rate Rate Rate Rate Revenue
Taxable $ 59.17/acre $ O.OOIacre $ 61.181acre $ 61.18lacre
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 Te]egraph Canyon Road, Paseo Ranchero, and Olympic Parkway. They also incl(lde the
Te]egraph 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, 12-M and 13-M. The Fiscal Year 2007/08 b(ldget 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 Y car 2007/08 and therefore no special taxes will
be levied within this district in Fiscal Year 2007/08.
_ _ _ ___ ___--9_-:-.6_ __
I
,
I
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Resolution No. 2007-193
Page 7
ExnmIT E
Community Facilities District No. 98-3
(Sunbow II Open Space Maintenance District No. 35)
Residential $ 433.141EDU $ 433.141EDU $ 447.87/EDU $ 447.87/EDU
Commercial $ 3,779.66/acre $ 3,779.661acre $ 3.908.16/acre $ 3.908. 16/aere
lndustrial $ 3,376.16/aere $ 3,376.16/acre $ 3,490.941acre $ 3,490.941acre
Undeveloped $ 2.588.lO/aere $ 170.45/acre $ 2.676.09/acre $ 2.676.09/acre
Estimated Revenue: $1,246,275.46
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 budgel for this District totals $954,272.
6-9
Resolution No. 2007-193
Page 8
EXHIBIT F
F\ 21111f,107 Special I.l~ n.lle, I I' lOIl/'W; Speri.ll T;I\ nate, ! [, 20117/HS
Community Facilities District No. 99.1
(Dray Ranch SPA I-Bond Issue)
Land Use
Category
Maximum
Rate
Actual
Rate
MaxImum
Rate
Projected
Rate
I Estimated
Revenue
Zone A (Village 1):
Residential $ O.28/sf $ O.2234/sf $ O.28/sf $ O.28/sf
Commercial $ 1.6001acre $ 1.276.801.cre $ 1.6001.cre $ 1.6001acre
Community
Purpose $ 400/acre S O.OOIacre $ 400/acre $ 4OO/a=
Facilitv
Estimated Revenue Zone A: See Entire
lnistrict Below
Zone B (Village 5):
Residential $4OOIDU... O.29/sf 319.21/DU ...O.23/sf $4OO/DU ... O.29/sf $4OOiDU ... O.29/sf
Commercial $ 3,7l7/acre 2,966.22/acre $ 3,7l7/acre $ 3,7l7/acre
Community
Purpose $ 929/acre ~ O.OO/acre $ 929/acre $ 929/acre
Facilitv
Estimated Revenue Zone B: See Entire
District Below
Zone C (Village 1 West):
Residential S4OO1DU... O.44/sf $31920/DU...o.35/sf $4OOIDU + O.44/sf S4OO1DU ... O.44Isf
Commercial $ 4,2661acre $ 3,404.33/acre S 4.266/acre $ 4.2661.cre
Community
Purpose $ 1.066/acre $ O.OOI.cre $ I,066Iacre $ 1.0661=
Facility
Estimated Revenue Zone C: See Entire
District Below
Entire District:
Undeveloped $ 8.864/acre $ O.OOIacre $ 8.864/acre $ 8.864/acre
Property
Owner $ 8.864/acre $ O.OO/.cre $ 8,864/acre $ 8.864/acre
Association
Pronertv
Estimated Revenue - Entire District: $3,790,081.32
__.6.=lQ __
Resolution No. 2007-193
Page 9
EXIDBIT F
Community Facilities District No. 99-1
(Otay Ranch SPA 1- Bonil Issue)
CFD 99-1 finances public improvements in a portion of Gtay Ranch Village 1, Village 5 and
Village 1 West. The main public facilities included arc 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.
6-11
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 \ 111l1h/07 Sllt,,'i..1 '1'.1' ({..tl' /1' \ 111t17/t11; Sp",i.lll.,x It.,l," i I \' 211117/11~
Land Use Maximum Rate Actual Maximum Rate Projected Estimated
Category Rate Rate Revenue
Residential $ 0.4393/sf $ 0.2286/sf $ 0.45421sf $ O.4542Jsf
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 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 $739,342 is projected for Fiscal Year 2007/08.
____6::U.
Resolution No. 2007-193
Page II
EXHIBIT H
Community Facilities District No. 2000-1
(Sunbow II Villages 5 through 10 - Bond Issue)
Land Use Category Maximum Actual Muimum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ O.4400/sf $ O.38021sf $ O.4400/sf $ O.4400/sf
Undeveloped $ 7,851/acre $ a.OO/acre $ 7,8511acre $ 7,851/acre
Property Owner $ 7,851/acre $ a.OO/acre $ 7,851lacre $ 7,8511acre
Association Pro
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 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.
6-13
Resolution No. 2007-193
Page 12
EXHIBIT I
Community Facilities District No. 2001-1
(San Miguel Ranch - Bond Issue)
l' :!0011lH7 SpCl'ial la, R.l1l" I 1.\ :!(lImOS SJll"li.l1 ra, I~atl" iI' 20117/08
Land Use
Category
Muimum Rate
Actual
Rate
Maximum Rate
Projected
Rate
Estimated
Revenue
Improvement Area A:
Residential $4751DU + O.34/,f $411.80IDU..O.301sf 54751DU + O.341sf 54 751DU .. O.34lsf
Co=ercial $ 5,091/acre $ D.DO/acre $ 5,0911acre $ 5.091/acre
Undeveloped $ 1O,3761acre $ O.OO!acre $ 1O,376/acre $ 10,376/acre
Estimated Revenue Improvement Area A: See Entire
)istrict Below
Improvement Area B:
Residential S475IDU + 0.821sf N/A $4751DU + O.821sf $4751DU + O.821sf
Commercial $ 4,OOO!acre N/A $ 4,OOO!acre $ 4,OOOIacre
Undeveloped $ 1O,444Iacre $ 6,41O.78/acre $ 10,444/acre $ 1O,444Iacre
(Zone 1)
Undeveloped $ 4,444/acre $ 2,727 .83/acre $ 4.444Iacre $ 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 (EastlWest),
Proctor Valley Road (EastlWest), Calle La Marina, Paseo Vera Cruz, Calle La Quinta and
certain SR-125 interim transportation facilities. For eFD 2001-] 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 200].1 Improvement Area E, 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.
..______.6-=c-1~. __________ _~._______..___
Resolution No. 2007-193
Page 13
EXHIBIT J
Community Facilities District No. 2001.2
(McMillin Otay Ranch, Village 6 - Bond Issue)
Land Use Maximum Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential S44OIDU'" O.341sf $390.10lDU+o.30/sf $44OIDU", O.34lsf $44O/DU... 0.34/sf
Non- S 11,365/acre $ O.OO/acre $ 11,365/acre $ 11,365/acre
residential
Undeveloped IS 11.365/acre $ O.OOIacre $ 11,365/acre $ 11.365/acre
Estimated Revenue: 884,133.53
CFD 200 1-2 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 Parlcway, 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.
6-15
Resolution No. 2aa7-193
Page 14
EXHIBIT K
Community Facilities District No. 06.{
(EastLak.e Woods, Vistas, and Land Swap - Bond Issue)
IT 20lt(,/lt7 Spl'lia' Ta\ Ratcs I" \ 20117!11S Spcd.1I '1';1\ Ratc' II Y 2UU7/1lS
Land Use
Category
Maximum Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenue
Improvement Area A (Zone 1 - Vistas):
Residential $ a.5800/sf $ O.54OO1sf $ a,58001sf $ a,58001sf
Commercial $ 6.000,OOIacre $ 5.541.OOIacre $ 6,OOQ,OOIacre $ 6.000,OO/acre
Hote] Property $ 6,OOO,OOlacre $ 5,541.00Iacre $ 6.000,OOlacre $ 6,aOO,lXYacre
Undeveloped $ 1l.037,OOIacre $O,OOIacre $1l.037.OOIacre Sll.037.OOIacre
Improvement Area A (Zone 2 - Woods):
Residential $ O,6700/sf $ O.61871sf $ O.6700/sf O,67001sf
Commercial S 6.000.OOIacre $ 5,541.00Iacre $ 6,OOO,OOIacre $ 6,ooo.OOIacre
Undeveloped $ 8.332.OOIacre $ O.OOlacre $ 8,332.OOIacre S 8.332.OOIacre
Estimated Revenue Improvement Area A (Zones 1 and 2): $4,116,178.03
Improvement Area B (Zone 3 - Land Swap):
Residential $ O.74OO/sf $ a, 74OO1sf $ O,74OO1sf O.74OO1sf
Commercial $ 6,OOO.OOIacre $ 6.000.OOIacre $ 6.000.OOIacre 6.ooo.OOIacre
Undeveloped $20.563.OOIacre $1l,807.27/acre $20,563.OOIacre 20.563.OOIacre
Improvement Area B (Zone 4 - Land Swap):
Residential $ 0,74OO1sf $ O.74OO1sf $ O.74OO1sf a.74OO1sf
Commercial $ 6.000,OOIacre $ 6.ooo.00/acre $ 6,OOO.OOIacre ~ 6.000,OOIacre
Undeveloped $ 6,667.OOIacre $ 3.828.19/acre $ 6,667.OOIacre 6,667.OOIacre
Estimated Revenue Improvement Area B (Zones 3 and Zone 4): $824,858.86
6-16
J
Resolution No. 2007-193
Page 15
EXHIBIT K
CFD 06-1 finances the acquisition or construction of certain public facilities (Le,. 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.
6-17
Resolution No. 2007-193
Page 16
EmmIT L
Community Facilities District No. 07-1
(Otay Ranch - Village Eleven - Bond Issue)
1\ 21111r.'H7 SIl('d,li "J." r\ 2007ms Spni..1 T.., ("\
I{ t 1, " 20117/IlS
~ t'", '.ltl.~
Land Use Density Maximum Actual Rate Maximum Projected Estimated
Cateo Rate Rate Rate Revenue
Residential Oto 8 $ 1.675/OU $ 1,675/OU $ 1.675/OU $1.675/OU
Residential >8 to $ 1.3401DU $ 1,3401DU $ 1,3401OU $l.34O/DU
20
Residential >20 $ 1.005/OU $ 1.005/OU $ 1,000/OU $ 1.005/OU
Non-Residential N/A $ 6.OOOIac $ 6,OOO/ac $ 6,OOOIac $ 6.000lac
$ 13.955/ac $ 8,456.321ac $ 13,955/ac $ 13,955/ac
$ 24,218/ac $ 14,675.39/ac $ 24.218/ac $ 24.2181ac
$ 13.955/ac $ O.OO/ac $ 13.955/ac $ 13,955/ac
$ 24,2181ac $ O.OOIac $ 24.2181ac $ 24,2181ac
$ 13,955/ac $ O.DO/ac $ 13,955/ac $ 13.955/ac
$ 24,218/ac $ O.DO/ac $ 24.218/ac $ 24,2181ac
Estimated Revenue: $4,061,917.17
CFD 07-1 finances the acquisition or construction of certain public facilities (Le,. 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 Olay project is hounded on the south and east by Hunte Parlcway. 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 hond indenture) and scheduled debt service on the bonds
is $3.040.561.26.
6:-.18. _______.________ ___
Resolution No. 2007-193 ExHIBIT M
Page 17 Community Facilities District No. 07-M
(EastLake III - Woods. Vistas, and Land Swap - Open Space Maintenance)
F'1 10(1(,/H7 Spt.'d.ll ril'\. 1{.lh;, I I Y 1OfJ7/OS Spt.'d.1I LJ' J{.J1l'., r,
111117 mil
Land Use
Category
Maximum
Rate
Actual
Rate
Maximum
Rate
Projected
Rate
Estimated
Revenne
Improvement Area 1:
Residential $ 0.1240/sf $ 0.0264/sf $ 0.12821sf $ O.I2821sf
Multi-family $ 0.12401sf $ 0.0264/sf $ O.I2821sf $ O.I2821sf
Non-residential $ 1,618.41/acre $ 344.161acr. $ 1.673.43/acre $I,673.43/acre
Final Map $ 1,618.41/acre $ O.OO/acre $ 1,673.43/acre $I,673.43/acre
Other taxable $ 1,618.41/acre $ O.OOIacre $ 1,673.43/acre $I,673.43/acre
Property Assoc. $ 1.618.4I/acre $ O.OO/acre $ 1,673.43/acre $I,673.43/acre
Prooenv
Estimated Revenue Area 1: $785,137.94
Improvement Area 2:
Residential $ 0.081l1sf $ O.OO42'sf $ Q.0839/sf $ 0.0839/sf
Multi-family $ 0.081l1sf $ O.OO42'sf $ 0.0839/sf $ 0.0839/sf
Non-residential $ 448.21/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
ProDertv
Estimated Revenue Area 2: $102,!I07.16
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 ill - Woods and Vistas and Land Swap Parcel (south parcel only) and Annexation
No. 1.
6-19
Resolution No. 2007-193
Page 18
EXHIBIT N
Community Facilities District No. 08-M
(McMillin Otay Ranch and Otcry Ranch Village 6 - Open Space Maintenance)
1'\ 211l1lil07 Sptl'ial la, Itllts I n 20U71l1S Spl'dal T." Raks I n
lUli7/11S
Land Use
Category
Maximum
Rate
Actual
Rate
Maximnm
Rate
Projected
Rate
Estimated
Revenue
Improvement Area 1:
Residential $ 0.40561sf $ 0.10261sf $ 0.41941sf $ 0.4194/sf
Multi-family $ 0.2989/sf $ 0.a7561sf $ 0.3091/sf $ 0.30911sf
Non-residential $ 2,536.221acre $ OoOO/acre $ 2,622.45/acre If; 2.622.45/acre
Final Map $ 6,728.84/acre $ O.DO/acre $ 6,957.611acre Is 6.957.611acre
Other taxable - $ 6,728. 84/acre $ a.DO/acre $ 6,957.611acre $ 6,957.61/acre
residential
Other taxable - $ 6,264.09/acre $ a.DO/acre $ 6,477.06Iacre 6,477.06Iacre
multi-familv
Other taxable - $ 2,536.221acre $ aoOO/acre $ 2,622.45/acre b 2,622.45/acre
non-residential
Property Assoc. $ 6,728084/acre $ O.OO/acre $ 6,957.611acre 6,957.61/acre
Estimated Revenue Area 1: $679,763.35
Improvement Area 2:
Residential $ O.2OS5/sf $ 0.0373/sf $ O.21561sf $ O.21561sf
Multi-family $ O.2085/sf $ Oo0373/sf $ O.21561sf $ O.21561sf
Non-residential $ 4,319.4OIacre $ O.DO/acre $ 4,466.25/acre $ 4,466.25/acre
Final Map $ 4.319.4OIacre $ O.DO/acre $ 4,466.25/acre $ 4,466.25/acre
Other taxable $ 4,319.40/acre $ O.OOIacre $ 4,466.25/acre $ 4,466025/acre
Property Assoc. $ 4,319.4OIacre $ OoOOlacre $ 4,466.25/acre $ 4,466.25/acre
Prooertv
Estimated Revenue Area 2: $448,305.75
6-4IL _________
.- j
Resolution No. 2007-193
Page 19
EXHIBIT N
Community Facilities District No. OS-M
(McMillin Oray Ranch and Oray Ranch ViUage 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 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.
6-21
Resolution No. 2007-193
Page 20
EXHIBIT 0
Community Facilities District No. 08-1
(Otay Ranch Village Six)
I , 20116dJi Spt.'t i.t1 I..n. ({.llt's I' 211117/HS SI',"ci.I1 1:", I \ ~OIl7/11~
H':~llt.: ...
Land Use Maximmn Actual Maximum Projected Estimated
Category Rate Rate Rate Rate Revenue
Residential S 8001DU + $ 799.451DU + $ 8001DU + $ 800IDU +
$O.35/sf $0.35/sf SO.35/sf $0. 35/sf
Non-Residential $ 6.OOOIacre S O.OO/acre $ 6.OOOIacre $ 6,OOOfacre
Zone A - $ 16,858/acre S O.OOfacre S 16,858facre $16.858/acre
Undeveloped
Zone B - S 26.445/acre $ O.DO/acre $ 26,445facre $26,445facre
Undeveloped
Zone A -
Provisional $ 16,858/acre $ a.OOIacre $ 16,8581acre $16,8581acre
Undeveloned
Zone B -
Provisional S 26.445facre S O.OOIacre $ 26,445/acre $26,445/acre
Undeveloped
Estimated Revenue: $1,886,168.00
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 Otay Ranch Village Six.. This District
is divided into Zone A and Zone B. The administrative costs for Fiscal Year 2007108 are
projected to be $75.000 (as given in the bond indenture) and scheduled debt service on the bonds
is $1,547,668.76.
... ___~=-22_
Resolution No. 2007-193
Page 21
FXHIBIT P
Community Facilities District No. 09-M
(Otay Ranch Village 11 - Brookfield Shea)
J.y 211117/0S Spl'dal Ta, \
Hatl'....
F\ 211117/US S[Jl'(.jal '1'",
(latl"
IY 21l117/HS
. .
Projected
Rate
Estimated
Revenue
Land Use
Cate 0
-
: t II H
DeveloDed:
Residential Oto 8 $ 524.22JDU $ 466.67/DU $ 542.04/DU $ 542.04IDU
Residential >8 to $ 419.37/DU $ 373.32JDU $ 433.63/DU $ 433.63/DU
20
Residential Greater $ 314.52/DU $ 279.98iDU $ 325.21/DU $ 325.21/DU
than 20
Non-Residential N/A $2,013.02lac $1,791,99/00 $2.081.461ac $2,081.461ac
Undevelooed:
$2,0 13.02lac $
O.OOIac $2,081.46/ac $2,081.46/00
$2,013.02100 $
O.OOIac $2,081.46/00 $2,081.46/ac
$2,0 13.02lac $
O.OOIac $2,081.46/ac $2,081,46/ac
Estimated Revenue: $781,31837
CFD 09-M finances the perpetual operation and maintenance of slopes, medians, parkways,
trails, perimeter walls, perimeter fencing and storm water treatment facilities associated with
Village 11, Brookfield Shea Otay. The Fiscal Year 2007/08 budget is estimated to be
$781,318.37. The CFD Special Tax Levy Repon for maintenance Q9-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 ovenuns 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.
CFD 09-M (Maintenance District)
Tb.e 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.
6-23
Resolution No. 2007-193
Page 22
EXHIBIT Q
Community Facilities District No. 11-M
(Rolling Hills Ranch McMillin - Open Space Maintenance)
1\ 111111li1l7 Sp,...;.tl fa, J{"lr, II \ 11107/IIS Sprri.ll '1'." I{.,lr, I. \ 21107/0S
Land Use
Category
Muimum 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.OOfacre $720. 12/acre $720.12/acre
Fmal Map $696.441acre $ O.OO/acre $720.12facre $720.12facre
Other taxable $696.44/acre $ O.OO/acre $720. 12/acre $720.12/acre
Property Assoc. $696.441acre $ O.OOfacre $720. 12/acre $720. 12/acre
Prooertv
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, Sllb Area III. A total budget of $73.981 is projected for Fiscal Year 2007/08.
6-24
Resolution No. 2007-193
Page 23
EXHIBIT R
F\ 2UUhil17 Special 1 a' '"' 2tll17!1lS Sped..1 '1 a, '"' 2tltl7/US
J{~lll'''' R,lle,
Land Use Category Maximum Actual Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Residential $ 8901DU + $ 89O/DU $ 89O/DU + $ 8901DU
SO.791sf + SO.791sf $0.79Isf + $0.79/sf
Non-Residential $ 6,000/ acre $ O.OOIacre $ 6,OOOIacre $ 6,OOOIacre
Zone A - $ 24,3831acre $ 17,420.48/""", $ 24,3831acre $ 24,383/acre
Undevelooed
Zone B - $ 41,621/acre $29.Tl6.21/ac,. $ 41,6211acre $ 41,6211acre
Undeveloned
Zone A - $ 24,383Iacre $ D.OOlacre $ 24,3831acre $ 24,3831acre
ContinlZent Taxable
Zone B - $ 41,621/acre $ O.OOIacre $ 41,621/acre $ 41,621lacre
Contingent Taxable
Estimated Revenue: $2,189,993.58
Community Facilities District No. 12-1
(McMillin Otay Ranch Village Seven)
Community Facilities District 121 finances the construction of backbone streets and associated
improvements (i.e. grading, sewer, streets, landscaping, utilities, etc), public facilities, and DIF
improvements within Otay Ranch Village Seven. This District is divided into Zone A and Zone
B. The administrative costs for Fiscal Year 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.
6-25
Resolution No. 2007-193
Page 24
EXHIBIT S
Community Facilities District No. 13-1
(Otay Ranch Village Seven)
I , ::!OllMl7 Sped..1 I." I' ::!lI07,IIS Spl'li..}"." I , ::!11l17;OS
Ibll's Rah.'..
Land Use Category Maximum AetnaI Maximum Projected Estimated
Rate Rate Rate Rate Revenue
Rcsidential $ 2,7501DU $ 0.00 $ 2,7501DU $ 2,7501DU
+ $0.45/sf + $0.45/sf + $0.45/sf
Non-Residential $ 6,OOO/acrc $ 0.001= $ 6,OOO/acrc $ 6,OOO/acre
Zone A - $ 59,505/acre $ 45, 194.65/acre $ 59,50S/acre $ 59,505/acre
Undcveloned
Zone B - $ 37,818/acre $28,723.I5Iacre $ 37,818/acre $ 37,8181acre
Undevclopcd
Zonc A - $ 59,505/acre $ O.OOIacrc $ 59,505/acre $ 59,505/acre
Contingcnt Taxablc
Zonc B - $ 37,818/acre $ O,OOIacre $ 37,8181acre $ 37,818/acrc
Contingcnt Taxablc
Estimated Revenue: $1,561,817.53
Community Facilities District 131 fmances thc 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.
6.-:-2..6.
Resolution No. 2007-193
Page 2S
EXHIBIT T
Community Facilities District No. 12-M
(McMillin Otay Ranch and Otay Ranch Village 7 - Open Space Maintenance)
Land Use Category
FY !C!Cl('/U7 Spnial Tax I
Ratt....
~
~
FY !C!U7f()S Special Tax
l{al<'S
n !HUi/US
Maximum
Rate
. -
Projected
Rate
.fl: ".
-,
DeveloDed:
Improvement Area 1 - ;l> O.393/sf ~ O.393/sf $ O.4Q64/sf $ 0.4064I!1f
Residential
Improvement Area 1 - $7,728.42/ac Is O.OO/ac $ 7,991.17/ac S7,991.17/ac
Non-Residential
Improvement Area 2- ~ 0.537/sf ~ O.OOIsf $ O.5553/sf $ O.5S53/sf
Residential
Improvement Area 2 - $8,649.72/ac $ O.OO/ac $8,943.79/ac $8,943.79/ac
Non-Residential
UndeveloDed:
Improvement Area 1 - $7,728.42/ac 7,728.361ac $ 7,991.17/ac $ 7,99 I. 17/ac
Final Man
Improvement Area 1 - $7,728.42/ac 678.32/ac $ 7,991.17/ac $ 7,991.17/ac
Other Taxable Pronertv
Improvement Area 1 -
Taxable Property Owner $7,728.42/ac O.OO/ac $ 7,991.17/ac $ 7,991.17/ac
Assoc. Propertv
Improvement Area 2 - ;l>8,649.72/ac ,~< $ 8,943.79/ac $ 8,943.79/ac
Final MaD $8.649.72/ac
Improvement Area 2 - $8,649.72/ac $2,054.881ac $ 8,943.79/ac $ 8,943.791ac
Other Taxable Prooertv
Improvement Area 2 -
Taxable Property Owner $8,649.72/ac $ O.OOlac $ 8,943.79/ac $ 8.943.79/ac
Assoc. ProQertY
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.
6-27
Resolution No. 2007-193
Page 26
Community Facilities District 13-M
(Otay Ranch Village 2)
EXHIBIT U
I .. I (0 I 20U71OX .::!OIl7/UN 1~~llIn:lh'd
..1IIu ~t. :1 t'~or, .
. 'I.I'\IJIIUIIl \llu:t1 Ht'\l'IlUC
Ibtc R.lle
Improvement Area I - Residential
Improvement Area J -
Non-Residential
Improvement Area 2 - Residential
Improvement Area 2-
Non-Residential
Improvement Area I -
Fmal Ma
Improvement Area 1 -
Other Taxable Pro
Improvement Area I-Taxable Property Owner Assoc.
Pro
ImProvement Area 2 -
Final Ma
Improvement Area 2 -
Other Taxable Pm
Improvement Area 2 -Taxable Property Owner Assoc.
Pro
0.393/sf
O'(Xl/ac
O.OOIsf
O.OOIac
7,728.36/ac
678.321ac
O.OOIac
2,054.88/ac
O.OOIac
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.
6-28..__n___
. . .'--"- ----'
ATTACHMENT 2.
Exhibit U
Community Facilities District 13-M
(Otay Ranch Village 2)
Land Use Category 2007/08 2007/08
I\laximum Rate Actual Rate
Single Family and Multi
Family Residential Property $0.458/sf $0.458/sf
Non-Residential Property $7,653.09/ac $7,653.09/ac
Final Map Property $7,653.09/ac $7,653.09/ac
Other Taxable Property $7,653.09/ac $7,653.09/ac
Taxable Property Owner
Association Property $7,653.09/ac $7,653.09/ac
Estimated Revenue $5.593,720.22
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.
6-29
RESOLUTION NO. 2007-
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 DISTRICT I3-M; ANTI
DELEGATING TO THE CITY MANAGER THE AUTHORITY
TO ESTABLISH THE SPECIAL TAX FOR THIS DISTRICT
WHEREAS, on July 24, 2007, pursuant to Resolution No. 2007-193, the City Council
established the maximun 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, II-M, 12-1, 12-M, 13-1 and I3-M as were set forth in Exhibits A
through U, which were attached to and incorporated into that Resolution; and
WHEREAS, Exhibit U, which showed the maximum Special Tax rate for Community
Facilities District 13-M was incorrect; and
WHEREAS, staff has attached a corrected Exhibit U to this Resolution; and
WHEREAS, this City Council desires to establish the maximum Special Tax rate that
may be levied in Community Facilities District 13-M in Fiscal Year 2007-2008 at the rates as set
forth in the revised Exhibit U 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 Community Facilities
District 13-M, including the amount of such Special Tax to be levied on each parcel for Fiscal
Year 2007-2008 as authorized by Govemment 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 District l3-M, as follows:
I. That the foregoing recitals are tme and correct.
2. That it establishes the maximum Special Tax rates that may be levied for Fiscal Year
2007-2008 in Community Facilities District 13-M as the rates set forth in the revised Exhibit U
which is attached to this Resolution.
3. That, pursuant to Govemment Code 53340, it 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 13-M, 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 the auditor. The amount of the Special Tax to be levied on each
such parcel shall be based upon the budget for Community Facilities District 13-M as previously
approved by this City Council and shall not exceed the maximum Special Tax as set forth in the
revised Exhibit U.
6-30
Resolution No. 2007-
Page 2
Presented by
Approved as to [onn by
Richard A. Hopkins
City Engineer
7 C ,} /I -....L
'-c~i~~
Ann Moore
City Attorney
Attachment: Revised Exhibit U
j-I:",'[NCJINEER'..RESOS\Rl.':su.Q()()7\09-11-07\CFD l.3rvl FY0708 corrected Exhibit U.DOC
6-31
Community Facilities District 13-M
(Otay Ranch Village 2)
20ll7/()S 2ll07/llS
Land Use Categon ',. A I
~ j" aXlmum '""'-ctua
Rate Rate
Single Family and Multi $ 0.458/sf $ 0.458/sf
Family Residential Property
Non-Residential Property
$7,653.09/ac $7,653.09/ac
Final Map Property
$7,653.09/ac $7,653.09/ac
Other Taxable Property
Taxable Property Owner
Association Pro e
$7,653.09/ac $7,653.09/ac
$7,653.09/ac $7,653.09/ac
Estimated Revenue $5,593,720.22
6-32
EXHIBIT U