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HomeMy WebLinkAboutReso 2009-170RESOLUTION NO. 2009-170 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL YEAR 2009/2010 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-I, 08-I, 08- M, 09-M, 11-M, 12-I, 12-M, 13-I AND 13-M; AND DELEGATING TO THE CITY MANAGER OR DESIGNEE 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-I, 08-I, 08-M, 09-M, 11-M, 12- I, 12-M, 13-I and 13-M; authorized, pursuant to the approved rate and method of apportionment of special taxes for each respective community facilities district, to be levied for fiscal year 2009/2010 aze set forth in Exhibits A through S, 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-I, 08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I and 13-M in fiscal year 2009/2010 at the rates as set forth in Exhibits A through S hereto and to delegate to and designate the City Manager as the official to prepaze 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 pazcel for fiscal year 2009-2010 as authorized by Government Code Section 53340. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista acting as the legislative body of Community Facilities Districts 97-1, 97-2, 97-3, 98-1, 98-2, 98- 3, 99-1, 99-2, 2000-1, 2001-1, 2001-2, 07-I, 08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I 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 2009/2010 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-I, 08-I, 08-M, 09-M, 11-M, 12-I, 12-M, 13-I and 13-M as the rates set forth in Exhibits A through S 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 prepaze 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 yeaz 2009/2010 and to file such list with the auditor of the County of San Diego on or before the required date or such other later date with the prior written consent of such auditor. The amount of the Special Tax to be levied on each such parcel shall be based upon the budget for each such community facilities district as previously approved by this City Council and shall not exceed the maximum Special Tax as set forth in Exhibits A through S hereto applicable to the community facilities district in which such parcel being taxed is located. Resolution No. 2009-170 Page 2 Presented by Richard A. Ho~ms Director of Pablic Works Approved as to form by PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 14th day of July 2009 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: McCann ATTEST: ~.~~~ Donna R. Norns, CMC, Crty Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA Cheryl Cox„~ ayor I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2009-170 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 14th day of July 2009. Executed this 14th day of July 2009. Donna R. Nom ,CMC, City Clerk Resolution No. 200p9-170 EXHIBIT ~,ge 3 Community Facilities District No. 97-1 (Otay Ranch Open Space Maintenance District) Land Use Maximum Maximum • Projected Estimated Cateeorv Rate Actual Rate Rate Rate Revenue Special Tax Area A: Residential $0.1110/sf $0.0082/sf $0.1117/sf $0.1117/sf Non-residential $1,505.26/acre $112.14/acre $1,514.59/acre $1,514.59/acre Vacant $1,702.81/acre $0.00/acre $1,713.37/acre $1,713.37/acre Estimated Revenue Special Tax Area A: ~ $1,118,645.00 Special Tax Area B: Residential $0.2603/sf $0.0509/sf $0.2619/sf $0.2619/sf Non-residential $3,342.40/acre $654.77/acre $3,363.12/acre $3,363.12/acre Vacant $3,779.62/acre $0.00/acre $3,803.05/acre $3,803.05/acre Estimated Revenue Special Tax Area B: $1,934,402.92 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 pazkways, 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 Yeaz 2009/2010 budget for Area A is $945,287 and for Area B is $1,294,654. Resolution No. 2009-170 Page 4 Community Facilities District No. 97-2 (Otay Ranch Preserve) Land Use Maximum Maximum Projected Category Rate Actual Rate Rate Rate Special Tax Area A: EXHIBIT B Estimated Revenue Residential $0.0165/sf $0.0165/sf $0.0166/sf $0.0166/sf Non-residential $270.39/acre $270.39/acre $272.06/acre $272.06/acre Final Map $270.39/acre $75.65/acre $272.06/acre $272.06/acre Vacant $174.50/acre $0.00/acre $175.58/acre $175.58/acre Estimated Revenue Special Tax Area A: See Area C Below Special Tax Area B: Residential $0.0064/sf $0.00/sf $0.00648/sf $0.00648/sf Non-residential $104.49/acre $0.00/acre $105.14/acre $105.14/acre Final Map $104.49/acre $0.00/acre $105.14/acre $105.14/acre Vacant $67.43/acre $0.00/acre $67.85/acre $67.85/acre Estimated Revenue Special Tax Area B: See Area C Below Special Tax Area C: Residential $0.0171/sf $0.0171/sf $0.0178/sf $0.0178/sf Non-residential $276.90/acre $276.90/acre $287.57/acre $287.57/acre Final Map $276.90/acre $276.90/acre $287.57/acre $287.57/acre Vacant $178.70/acre $178.70/acre $185.70/acre $185.70/acre Estimated Revenue Special Tax Area A, B, and C: $525,339.17 CFD 97-2 finances perpetual preserve maintenance, operation and management, biota monitoring, preserve security, and preserve improvements in the Otay Ranch Preserve azea. The Fiscal Yeaz 2009/2010 budget for this district is set at $471,265. This budget was provided by the County staff, which works in accordance with City staff; together known as the Preserve Owner Manager (POM). Resolution No. 2009-170 EXHIBI.g~ge 5 Community Facilifies District No. 97-3 (Otay Ranch McMillin -Bond Issues) • Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $0.3920/sf $0.3388/sf $0.3920/sf $0.3920/sf Commercial $4,000/acre $3,457.60/acre $4,000/acre $4,000/acre w„u„u„uy Pu ose Facili $1,000/acre $0.00/acre $1,000/acre $1,000/acre Undeveloped $7,954/acre $0.00/acre $7,954/acre $7,954/acre '; Property Owner Association Pro e $7,954/acre $0.00/acre $7,954/acre $7,954/acre Estimated Revenue: $1,033,798.27 CFD 97-3 was formed for the purpose of acquiring and financing public facilities improvements, such as portions of La Media Road and East Palomaz Street, in Otay Ranch McMillin SPA One. Fiscal Year 2009/2010 administrative costs for CFD 97-3 aze 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 Yeaz 2009/20101evy is $818,304. Resolution No. 2009-170 Page 6 Community Facilities District No. 98-1 (Otay Project Interim Open Space Maintenance District) EXHIBIT D Land Use Maximum Maximum Projected Estimated Category Rate Actual Rate Rate Rate Revenue Taxable Property $135.64/acre $134.62/acre $136.48/acre $136.48/acre Estimated Reveuue: $86,526.11 Community Facilities District No. 98-2 (Otay Project McMillin Interim Open Space Maintenance District) Land Use Maximum Maximum Projected Estimated Cate ory Rate Actual Rate Rate Rate Revenue Taxable Property $62.58/acre $0.00/acre $62.96/acre $0.00/acre Estimated Reveuue: $0.00 CFDs 98-1 and 98-2 were created as interim districts because the azeas of Otay Ranch included 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 guazantee for financing of a portion of the cost of maintenance of portions of the pazkways and medians along Telegraph Canyon Road, Paseo Ranchero, and Olympic Pazkway. 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 CFDs 08-M, 12-M, and 13-M. The Fiscal Yeaz 2009/2010 budget for this district totals $104,916. A portion of CFD 98-2 has been taken over by maintenance district CFD 08-M with other portions of the district covered through CFD 12-M. None of the improvements in CFD 98-2 aze expected to be fumed over to the City in Fiscal Yeaz 2009/2010 and therefore no special taxes will be levied within this district in Fiscal year 2009/2010. Resolution No. 2009-170 EXHIBI~~ge 7 Community Facilities District No. 98-3 (Sunbow II Open Space Maintenance District No. 35) Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $447.87/EDU $447.86/EDU $460.96/EDU $460.96/EDU Commercial $3,908.16/acre $3,908.16/acre $4,022.39/acre $4,022.39/acre Industrial $3,490.94/acre $0.00/acre $3,592.98/acre $3,592.98/acre Undeveloped $2,676.09/acre $13.38/acre $2,754.31/acre $2,754.31/acre Estimated Reveuue: $1,285,815.41 CFD 98-3 finances open space maintenance in the Sunbow II development. This includes maintenance of street medians, parkways, slopes, drainage channels, and basins, and biological monitoring of native and re-vegetated open space. The Fiscal Year 2009/2010 budget for this district totals $1,011,592. Resolution No. 2009-170 Page 8 EXHIBIT F Community Facilities District No. 99-1 (Otay Ranch SPA I -Band Issue) 1 I Land Use Maximum Maximum Projected Estimated Category Rate Actual Rate Rate Rate Revenue Zone A (Village 1): Residential $0.28/sf $0.2135/sf $0.28/sf $0.28/sf Commercial $1,600/acre $1,220.16/acre $1,600/acre $],600/acre Community $400/acre $0.00/acre $400/acre $400/acre Pu ose Facili Estimated Reveuue Special Tax Area A: See Entire District Below Zone B (Village 5): Residential $400/DU+0.29/sf $305.04DU+0.22/sf $400/DU+0.29/sf $400/DU+0.29/sf Commercial $3,717/acre $0.00/acre $3,717/acre $3,717/acre Community $929/acre $0.00/acre $929/acre $929/acre Pur ose Facili Estimated Revenue Special Tax Area B: See Entire District Below Zone C (Village 1 West): Residential $400/DU+0.44/sf $305.04/DU+0.33/sf $400/DU+0.44/sf $400/DU+0.44/sf Commercial $4,266/acre $0.00/acre $4,266/acre $4,266/acre Community $1,066/acre $0.00/acre $1 066/acre $1 066/acre Pu ose Facili , , Estimated Reveaue Special Tax Area C: See Entire District Below Entire District: Undeveloped $8,864/acre $0.00/acre $8;864/acre $8,864/acre Property Owner Association $8,864/acre $0.00/acre $8,864/acre $8,864/acre Pro e Estimated Revenue Special Tax Area C: $3,962,947.06 CFD 99-1 finances public improvements in a portion of Otay Ranch Village 1, Village 5 and Village 1 West. For CFD 99-I, administrative costs of $75,000 (as given in the bond indenture) and scheduled debt service on the bonds of $2,918,097 are anticipated in Fiscal Yeaz 2009/2010. Resolution No. 200p9-170 EXHIBI'C ~e 9 Community Facilities District No. 99-2 (Otay Ranch SPA 1, Village 1 West -Open Space Maintenance) Land Use Category Maximum Rate Actual Rate Maximum Projected Estimated Rate Rate Revenue Residential $0.4645/sf $0.2403/sf $0.4674/sf $0.4674/sf Undeveloped $5,731.13/acre $0.00/acre $5,766.66/acre $5,766.66/acre Estimated Revenue: $1,230,121.42 As verified by the City's Special District Counsel, property owners within the azea of CFD 98-1 not included within CFD 99-2 will only be taxed for landscaped azeas from the centerline of Olympic Pazkway south to the District boundazy. CFD 99-2 has taken over the financing of that portion of costs of maintenance allocable to the property within CFD 98-1 fro the centerline of Olympic pazkway north to Telegraph Canyon Road. A total budget of $720,097 is for Fiscal Year 2009/2010. Resolution No. 2009-170 Page 10 Community Facilifies District No. 2000-1 (Sunbow II Villages 5 through 10 -Bond Issue) EXHIBIT H Land Use Maximum Maximum Projected Estimated Actual Rate Cate ory Rate Rate Rate Revenue Residential $0.4400/sf $0.3827/sf $0.4400/sf $0.4400/sf Undeveloped $7,851/acre $0.00/acre $7,851/acre $7,851/acre Property Owner $7 g51/acre $0.00/acre $7 851/acre $7 851/acre Association Pro e , , Estimated Revenue: $666,624.64 CFD 2001-1 finances various public facilities serving the Sunbow II development such as Telegraph Canyon Road, Medical Center Road and East Palomaz Street. For CFD 2000-1, administrative costs for Fiscal Yeaz 2009/2010 aze projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $503,837. Resolution No. 20pp09-170 EXHIBl'~$e 11 Community Facilities District No. 2001-1 (San Miguel Ranch -Bond Issue) Improvement Area A: Residential $475/DU+0.34/sf $412.82/DU+0.29/sf $475/DU+0.34/sf $475/DU+0.34/sf Commercial $5,091/acre $0.00/acre $5,091/acre $5,091/acre Undeveloped $10,376/acre $0.00/acre $10,376/acre $10,376/acre Estimated Revenue Improvement Area A: fee l:nnre District Below Improvement Area B: Residential $475/DU+0.82/sf $475/DU+0.82/sf $475/DU+0.82/sf $475/DU+0.82/sf Commercial $4,000/acre $4,000/acre $4,000/acre $4,000/acre Undeveloped $10,444/acre $8,853.37/acre $10,444/acre $10,444/acre (Zone I) Undeveloped $4,444/acre 3,767.17/acre $4,444/acre $4,444/acre (Zone 2) Estimated Revenue Improvement Area B: fee enure District Below Estimated Revenue Entire District: $2,220,735.14 CFD 2001-1 is divided by SR-125 into two separate improvement azeas, 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 Manna, Paseo Vera Cruz, and Calle La Quinta. For CFD 2001-1 Improvement Area A administrative costs for Fiscal Yeaz 2009/2010 aze projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area A bonds is $995,492. For CFD 2001-1 Improvement Area B, administrative costs for Fiscal Year 2009/2010 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area B bonds is $830,280. Resolution No. 2009-170 Page 12 Community Facilities District No. 2001-2 (McMillin Otay Ranch, Village 6 -Bond Issue) EXHIBIT J Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $440/DU+0.34/sf $384.69/DU+0.29/sf $440/DU+p.34/sf $440/DU+0.34/sf Non-residential $11,365/acre $0.00/acre $11,365/acre $11,365/acre Undeveloped $11,365/acre $0.00/acre $11,365/acre $11,365/acre Estimated Revenue: $894,191.40 CFD 2001-2 is located within Otay Ranch Village 6 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 Pazkway, la Media Road, Birch pazkway, La Media Bridge, east Olympic Parkway Bridge, and a Neighborhood Pazk. For CFD 2001-2, administration costs far Fiscal Yeaz 2009/2010 aze projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $709,445. Resolution No. 2009-170 EXHIBI'~~e 13 Community Facilities District No. 07-I (Otay Ranch Village 11-Bond Issue) • Land Use Maximum tt t Maximum Projected Estimated Category Density Rate Actual Rate gate Rate Revenue Residential OtoB $1,675/DU $1,675/DU $1,675/DU $1,675/DU Residential >8to20 $1,340/DU $1,340/DU $1,340/DU $1,340/DU Residential >20 $1,005/DU $1,005/DU $1,005/DU $I,005/DU Non-residential N/A $6,000/acre $0.00/acre $6,000/acre $6,000/acre Zone A -Approved $13,955/acre $13,955/acre $13,955/acre $13,955/acre Pro e Zone B -Approved $24,218/acre $24,218/acre $24,218/acre $24,218/acre Pro erty Zone A - Undeveloped $13,955/acre $0.00/acre $13,955/acre $13,955/acre Pro e Zone B - Undeveloped $24,218/acre $5,332.80/acre $24,218/acre $24,218/acre Pro e Zone A - Provisiona] $13,955/acre $0.00/acre $13,955/acre $13,955/acre Undevelo ed Zone B - Provisiona] $24,218/acre $0.00/acre $24,218/acre $24,218/acre Undevelo ed Estimated Revenue: $3,524,875.34 CFD 07-I finances the acquisition or construction of certain public facilities (i.e,. grading, landscaping, streets, utilities, drainage, sewer, etc.) serving 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 Pazkway forms the northern edge and to the west is the extension of Eastlake Pazkway. The administration costs for Fiscal Yeaz 2009/2010 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $2,902,657. Resolution No. 2009-170 Page 14 EXHIBIT L Community Facilities District No. OS-M (McMillin Otay Ranch and Otay Ranch Village 6 -Open Space Maintenance) Land Use Maximum Maximum Projected Estimated Category Rate Actual Rate Rate Rate Revenue Improvement Area 1: Residential $0.4289/sf $0:2819/sf $0.4455/sf $0.4455/sf Multi-family $0.3161/sf $0.2078/sf $0.3284/sf $0.3284/sf Non-residential $2,682.47/acre $0.00/acre $2,785.85/acre $2,785.85/acre Final Map $7,116.86/acre $0.00/acre $7,391.13/acre $7,391.13/acre Other taxable- Residential $7116.86/acre $0.00/acre $7,391.13/acre $7,391.13/acre Other taxable- Multi-famil $6,625.31/acre $0.00/acre $6,880.64/acre $6,880.64/acre Other taxable- Non-residential 82682.47/acre $0.00/acre $2,785.85/acre $2,785.85/acre Property Assoc. Pro e 87,116.86/acre $0.00/acre $7,391.13/acre $7,391.13/acre Estimated Revenue Area 1: $710,405.12 Improvement Area 2: Residential $0.2205/sf $0.1858/sf $0.2290/sf $0.2290/sf Multi-family $0.2205/sf $0.1858/sf $0.2290/sf $0.2290/sf Non-residential $4,568.47/acre $0.00/acre $4,744.54/acre $4,744.54/acre Final Map $4,568.47/acre $0.00/acre $4,744.54/acre $4,744.54/acre Other taxable $4,568.47/acre $0.00/acre $4,744.54/acre $4,744.54/acre Property Assoc. Pro e $4,568.47/acre $0.00/acre $4,744.54/acre $4,744.64/acre Estimated Revenue Area 2: $438,405.16 CFD 08-M finances the perpetual operation and maintenance of slopes, medians, pazkways, trails, perimeter walls, perimeter fencing and storm water treatment facilities associated with Village 6, McMillin Otay Ranch and Otay Ranch Company. The budgets for Fiscal Yeaz 2009/2010 aze $575,300 for Improvement Area 1 and $359,711 for Improvement Area 2. Resolution No. 20p09-170 EXHIBI'C ~e 15 Community Facilities District No. 08-I (Otay Ranch Village Six -Bond Issue) Land Use I' I Maximum Maximum Projected Estimated Actual Rate Category Rate Rate Rate Revenue Residential $800/DU+0.35/sf $740.32/DU+0.32/sf $800/DU+0.35/sf $800/DU+0.35/sf Non-residential $6,000/acre $0.00/acre $6,000/acre $6,000/acre Zone A- $16,858/acre $0.00/acre $16,858/acre $16,858/acre Undevelo ed ZoneB- $26,445/acre $0.00/acre $26,445/acre $26,445/acre Undevelo ed Zone A - Provisiona] $]6,858/acre $0.00/acre $16,858/acre $16,858/acre Undevelo ed Zone B - Provisional $26,445/acre $0.00/acre $26,445/acre $26,445/acre Undevelo ed Estimated Revenue: $1,828,224.90 CFD 08-I 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 Zones A and B. The administrative costs for Fiscal Year 2009/2010 aze projected to be $75,000 (as given in the bond indenture) and scheduled debt ser vice on the bonds is $1,544,294. Resolution No. 2009-170 Page 16 EXHIBIT N Community Facilities District No. 09-M (Otay Ranch Village I1-Brookfield Shea) Land Use Density Maximum Rate Actual Maximum Rate Rate Projected Estimated Rate Revenue Developed: Residential 0 to 8 $554.44/DU $328.33/DU $575.81/DU $575.81/DU Residential >8 to 20 $443.55/DU $262.67/DU $460.64/DU $460.64/DU Residential >20 $332.65/DU $196.99/DU $345.47/DU $345.47/DU Non-residential N/A $2,129.10/acre $0.00/acre $2,211.15/acre $2,211.15/acre Undeveloped: Approved Property $2,129.10/acre $0.00/acre $2,211.15/acre $2,211.15/acre Undeveloped $2,129.10/acre Pro e $0.00/acre $2,211.15/acre $2,211.15/acre Taxable Property Owner Association $2,129.10/acre $0.00/acre $2,211.15/acre $2,211.15/acre Pro e Estimated Revenue: $826,677.78 CFD 09-M finances the perpetual operation and maintenance of slopes, medians, pazkways, trails, perimeter walls, perimeter fencing and storm water treatment facilities associated with Village 11, Brookfield Shea Otay. The Fiscal Yeaz 2009/2010 budget is estimated to be $926,540. Resolution No. 20p0~9-170 EXHIBI-1°~ l7 Community Facilities District No. 11-M (Rolling Hills Ranch McMillin -Open Space Maintenance) Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $361.39/DU $55.11/DU $375.32/DU $375.32/DU Non-residential $736.60/acre $0.00/acre $764.99/acre $764.99/acre i Final Map $736.60/acre $0.00/acre $764.99/acre $764.99/acre Other taxable $736.60/acre $0.00/acre $764.99/acre $764.99/acre Property Assoc. Pro erty $736.60/acre $0.00/acre $764.99/acre $764.99/acre Estimated Revenue: $92,515.84 CFD 11-M finances the perpetual operation, monitoring and maintenance of Multiple Species Conservation Program (MSCP) lots, Tarplant Preserve lots, Johnson Canyon Tarplant Preserve and storm water treatment facilities associated with Rolling Hills Ranch, Sub Area III. The Fiscal Year 2009/2010 budget is estimated to be $110,608. Resolution No. 2009-170 Page 18 EXHIBIT P Community Facilities District No. 12-M (McMillin Otay Ranch and Otay Ranch Village Seven -Open Space Maintenance) ll Laud Use Category Maximum Maximum Projected Estimated Rate Actual Rate Rate Rate Revenue Developed: Improvement Area l- Residential $0.4157/sf $0.4157/sf $0.4317/sf $0.4317/sf Improvement Area 1 - Non-residential $g 174.08/acre $0.00/acre $8,489.10/acre $8,489.10/acre Improvement Area 2 - $0.5680/sf $0.5680/sf $0.5899/sf $0.5899/sf Residential Improvement Area - Non-residential $9,148.50/acre $0.00/acre $9,501.08/acre $9,501.08/acre Undeveloped: Improvement Area t - Final Ma $g 174.08/acre $2,803.70/acre $8,489.10/acre $8,489.10/acre Improvement Area 1 - $g 174.08/acre $0.00/acre $8 489.10/acre 489.10/acre $8 Other Taxable Pro e , , Improvement Area 1 - Taxable Property Owner $8,174.08/acre $0.00/acre $8,489.10/acre $8,489.10/acre Assoc. Pro e ImprovementArea2- $9,148.50/acr $5,271.36/acre $9 501.08/acre $9 501.08/acre Final NIa , , Improvement Areal- Other Taxable Pro e $9,148.50/acr $0.00/acre $9,501.08/acre $9,501.08/acre Improvement Area 2 - Taxable Property Owner $9,148.50/acr $0.00/acre $9,501.08/acre $9,501.08/acre Association Pro e Estimated Revenue: $945,530.37 CFD 12-M provides the finances for the perpetual operation and maintenance of landscaping and storm water quality improvements associated with McMillin Otay Ranch and Otay Ranch Village 7. Improvement Area 1 generally lies south of Birch Road, east of Magdalena Avenue, and west of SR-125. Improvement Area 2 is generally located east of La Media Road, south of Birch Road, and west of Magdalena Avenue. The budgets for Fiscal Yeaz 2009/2010 aze $482,790 for Improvement Area No. 1 and $521,723 for Improvement Area No. 2. Resolution No. 2009-170 EXHIBI~~pe 19 Community Facilities District No. 12-I (McMillin Otay Ranch Village Seven -Bond Issue) Land Use Maximum ! ! Maximum Projected Estimated Actual Rate Category Rate Rate Rate Revenue Residential $890/DU+0.79/sf $890/DU+0.79/sf $890/DU+0.79/sf. $890/DU+0.79/sf Non-residential $6,000/acre $0.00/acre $6,000/acre $6,000/acre ZoneA- $24,383/acre $15,556.35/acre $24,383/acre $24,383/acre Undevelo ed ZoneB- $41,621/acre $26,554.19/acre $41,621/acre $41,621/acre Undevelo ed Zone A - $24,383/acre $0.00/acre $24,383/acre $24,383/acre Contin ent Taxable ZoneB- $41,621/acre $0.00/acre $41,621/acre $41,621/acre Contin ent Taxable Estimated Revenue: $2,078,588.73 CFD 12-I finances the construction of backbone streets and associated improvements (i.e., grading, sewer, streets, landscaping, utilities, etc.), public facilities, and DIF improvements within McMillin's portion of Otay Ranch Village Seven. This district is divided into Zone A and Zone B. The administrative costs for Fiscal Yeaz 2009/2010 aze projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,475,713. Resolution No. 2009-170 Page 20 Community Facilities District No. 13-M (Otay Ranch Village Two) EXHIBIT R Land Use Category Maximum Rate Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $0.4763/sf $0.00/DU $0.4949/sf $0.4949/sf Non-residential $7,959.21/acre $0.00/acre $8,277.58/acre $8,277.58/acre Final Map $7,959.21/acre $0.00/acre $8,277.58/acre $8,277.58/acre Other taxable $7,959.21/acre $81.18/acre $8,277.58/acre $8,277.58/acre Taxable Property Owner Assooc. $7,959.21/acre $0.00/acre $8,277.58/acre $8,277.58/acre Estimated Revenue: $5,757,214.96 CFD 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 Pazlcway, west of La Media Road, and west of the Landfill Site. No public improvements are expected to be turned over to the City in Fisca] Yeaz 2009/2010. The budget for Fiscal Yeaz 2009/2010 is $4,217. Resolution No. 20~0a9-170 EXHIBIT" ~e 21 Community Facilities District No. 13-I (Otay Ranch Village Seven) I Land Use Maximum Maximum Estimated Actual Rate Projected Rate Category Rate Rate Revenue Residential $2,750/DU+0.45/sf $2,750/DU+0.45/sf $2,750/DU+0.45/sf $2,750/DU+0.45/sf Non- $6,000/acre $0.00/acre $6,000/acre $6,000/acre residential ZoneA- $59,505/acre $44,664.45/acre $59,505/acre $S9,S05/acre Undevelo ed ZoneB- $37 818/acre $28,386.19/acre $37,818/acre $37,818/acre Undevelo ed , Zone A - Contingent $59,505/acre $0.00/acre $S9,S05/acre $59,505/acre Taxable Zone B - Contingent $37,818/acre $0.00/acre $37,818/acre $37,818/acre Taxable Estimated Revenue: $1,406,958.63 CFD 13-I 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 2009/2010 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,097,138.