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HomeMy WebLinkAboutReso 2010-177RESOLUTION NO. 2010-177 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE LEVY OF MAXIMUM SPECIAL TAXES FOR FISCAL YEAR 2010/2011 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 Yeaz 2010/2011 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 2010/2011 at the rates as set forth in Exhibits A through S hereto and to delegate to and designate the City Manager, or designee 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 2010/2011 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-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 aze true and correct. SECTION 2. This City Council does hereby establish the maximum Special Tax rates that may be levied for Fiscal Year 2010/2011 in Community Facilities Districts 97-1, 97-2, 97-3, 98-1, 98-2, 98-3, 99-1, 99-2, 2000-1, 200]-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, or designee as the official to prepaze and submit a certified list of all pazcels 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 2010/2011 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 Resolution No. 2010-177 Page 2 consent of such auditor. The amount of the Special Tax to be levied on each such pazcel 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 pazcel being taxed is located. Presented by Richard .Hop ' s Director of Public Works Approved as to form by B C. Miesfe City Attorne PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 13th day of July 2010 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, McCann, Ramirez and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ATTEST: ic.~oh.~_ Q _~lO,t,~,t~ Donna R. Norris, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA Cheryl Cox, ayor I, Donna R. Noms, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2010-177 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 13th day of July 2010. Executed this 13th day of July 2010. ~~_ ,P b~~ Donna R. Norris, CMC, City Clerk EXHi[31T A Community Facilities District No. 97-1 (Otav Ranch Open Space Maintenance District) .5 ? J ~ ~ pl l:Yl. '~., - .`%~ ~TYrG~' ~~:4Y v:.~. I I I iu.irS~ Land Use Maximum Maximum Projected Estimated Cate~orv Rate Actual Rate Rate I Rate Revenue Special Tax Area A: Residential $O.llli/sf $0.0912/sf $0.1082/sf $0.]082/sf Non-residential $1,507.78/acre $0.00/acre $1,466.01/acre $1,466.01/acre Vacant $1,705.65/acre $0.00/acre $1,658.40/acre $1,658.40/acre Estimated Revenue Special Tax Area A: ~ $1,091,049 Special Tax Area B: Residential $0.2607/sf $0.0878/sf $0?535/sf $0.2535/sf Non-residential $3.347.98/acre $0.00/acre $3,255?5/acre $3;?5525/acre Vacant $3,785.94/acre $0.00/acre $3,681.07/acre $3,631.07/acre Estimated Revenue Special Tax Area B: ~ $1,885,046 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 2010/2011 budget for Area A is $982,279 and for Area B is 51,37S;L90. i i I i E<YHIBIT B Community Facilities District No. 97-2 (Otav Ranch Preserve) F aka ~ ~z~ ~" -?~.~ a ~ - s x '~".-sx ,kw: t . Land Use Maximum Maximum Projected Cate2orv Rate Actual Rate Rate Rate Special Tax Area A: Estimated Revenue Residential $0.016/sf $0.016/sf $0.016/sf $0.016/sf Non-residential $27634/acre $26734/acre $268.69/acre $268.69/acre Final Map $276.34/acre $0.00lacre $268.69/acre $268.69/acre Vacant $174.79/acre $0.00/acre $169.95/acre $169.95/acre Estimated Revenue Spccixl Tax Arca A: I See Area C Below Special Tax Area B: Residentiat $0.006/sf $0.00/sf $0.006/sf $0.006/sf Non-residential $106.79/acre $0.00/acre $103.83/acre $103.83/acre Final Map $106.79/acre $0.00/acre $103.83/acre $103.83/acre Vacant $67.55/acre $67.55/acre $65.68/acre $65.68/acre Estimated Revenue Special Tax Area B: I See Area C Below Special Tax Area C: Residential $O.D17/sf $0.017/sf $0.0]7/sf $0.017/sf Non-residential $28632/acre $28632/acre $28632/acre $28632/acre Final Map $28632/acre $25632/acre $28632/acre $28632/acre Vacant $184.79/acre $184.79/acre $184.79/acre $184.79/acre Estimated Revenue Special Tax Arca A, B, and C: $533,212 CFD 97-2 finances perpetual preserve maintenance, operation and management, biota monitoring, preserve security, and preserve improvements in the Otay Ranch Preserve area. The Fiscal Year ?010/2011 budget for this district is set at $582,206. E~ffiBIT C Community Facilities District No. 97-3 (Otay Rmzch McMillin -Band Issues) r~ w "- "' C { ~ s.. i ~ I I' I I y 4 ` '` e ~ i 11 I n ~ wt,y it ~ 'n ~4'' ~ ~ i ~ ~k~'' «,Y f1 ~ rf " " ~ ~ I I .._ r +~.. .~. - re' ` T ~„ ~ : r vv 2i a L _ y "' _ Land Use l~laximum Maximum Projected Estimated Category Rate Actual Rate Rate Rate Revenue Residential $0.3920/sf $0.3395/sf $0.3920/sf $0.3920/sf Commercial $4,000/acre $3,465.06/acre $4,000/acre $4,000/acre Community $1,000/acre $0.00/acre $1,000/acre $1,000/acre Pur ose Faciliri Undeveloped $7,959/acre $0.00/acre $7,954/acre $7,954/acre Property Owner $ 7,954/acre $0.00/acre $7,954/acre $7,954/acre Association Pro e Estimated Revenue: ~ $1,031,215 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 2 0 1 0120 1 1 administrative costs for CFD 97-3 arc 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 2010/2011 levy is $817,354. EtHIBIT D Community Facilifies District No. 98-1 (Otay Project Interim Open Space tLtaintenance District) ms+ -: I I I y-A . ~ R~ - ~ ,..: r -F ~ µ.. ~ ~~ Land Use Maximum Maximum Projected Estimated Actual Rate Category Rate Rate Rate Revenue Taxable Property $135.87/acre $134.64/acre $132.10/acre $132.10/acre Estimated Revenue: $84,268 Community Facilities District No. 98-2 (Otay Project McMillin Interifn Open Space Maintenance District) Land Use Maximum Maximum Projected Estimated Category Rate Actual Rate Rate Rate Revenue "taxable Property $62.96/acre $0.00/acre $61.21/acre $0.00/acre Estimated lievenue: $0.00 CFDs 98-1 and 98-2 were created as interim districts because the areas 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 guarantee 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 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 CFDs 08-M, 12-M, and 13-M. The Fiscal Year 2010/2011 budget for this district totals $16,322. 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 are expected to be tamed over to the City in Fiscal Year 2010/2011 and therefore no special taxes will be levied within this district iu Fiscal yeaz 2010/2011. EXHIBIT E Community Facilities District No. 98-3 (Sunbow II Open Space Maintenance District No. 35) ~ ' ~`A~"~ ` ~~a F,Y ~2009/2010 SpeciaCTag FiY;2010/201I vSpe ctal~Tax , , ~" " ¢ `~ a ~'~ '". e F,Y~2010/201 ~Rat z ._ s Ra t . Land Use Cate~oty Maximum Rate Actual Rate Maximum Rate Yrujected Rate Est~matea Revenue Residential $458.87/EDU $458.87/EDU $446.16/EDU I $446.16/EDU Commercial $4,004.26/acre $4,004.6./acre $3,893.34/acre $3,893.34/acre Industrial $3,576.79/acre $0.00/acre $3,477.71/acre $3,477.71/acre Undeveloped $2,741.89/acre $285.64/acre $2,665.94/acre $2,665 94/acre Estimated Revenue: $1,252,257 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 2010/2011 budget for this district totals $1,027,709. , { EXIIiBIT F Community Facilities District No. 99-1 (Otay Ranch SPA 1-Bond Issue) u ~ ~. .fit sa ~-- -- ,1 -- ~~'~~ I I I 1 ..~ _ .•+aC «. 1 1 I .. .,.... ~,. <~`~`'gx ~ +~«'~ } ~ TW F Land Use Maximum Maximum Projected Estimated Actual Rate Cate¢orv Rate Rate Rate Revenue Zone A (Village 1): Residential $0.28/sf $0 ~2/sf $0.28/sf $0 ~B/sf Commercial $1,600/acre $1,261.75/acre $1,600/acre $1,600/acre Community Purpose Facili $400/acre $0.00/acre $400/acre $400/acre Estimated Revenue Speciaf Tax Arca A: Sea Entire District Below Zone B (Village 5): Residential $400/DU+0.29/sf $3li.43DU+012/sf $400/DU+0.29lsf $400/DU+0.29/sf Commercial $3,717/acre $0.00/acre $3,717/acre $3,717/acre Community Pur ose Facilil $929/acre $0.00/acre $929/acre $929/acre Estimated Revenue Special Tax Area B: See t;nttre District Below Zone C (Village 1 West): Residential $400/DU+0.44/sf $315.43/DU+0.34Jsf $400/DU+0.44/sf $400/DU+0.44/sf Commercial $4,266/acre $0.00/acre $4,266/acre $4,266/acre Community Pur ose Facili $1,066lacre $0.00/acre $1,066/acre $1,066/acre Estimated Revenue Special Tax Area C: gee r,nnre 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 Prope Estimated Revenue Special Tax Area C: ( $3,8x8,934 CFD 99-I finances public improvements in a portion of Otay Ranch Village 1, Village 5 and Village 1 West. For CFD 99-1, administrative costs of $75,000 (as given in the bond indenture) and scheduled debt service on the bonds of $2,917,697 are anticipated in Fiscal Year 2010/2011. EXHIS[T G ' Community Facilities District No. 99-2 (Otay Ranch SPA 1, Village 1 West -Open Space Maintenance) Land Use Maximum Actual Rate Maximum Projected Estimated Category Rate Rate Rate Revenue Residential $0.4606/sf $0.2500/sf $0.4478/sf $0.4478/sf Undeveloped $5,679.75/ac~e $0.00/acre $5,522.42/acre $5,522.42/acre Estimated Revenue: ~ $1,180,439 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 $755,688 is for Fiscal Yeaz 2010/2011. EXHIBIT H Community Facilities District No. 2000-1 (Sunbow II villages 5 through 10 - Boizd Issue) ~: y ~ r rz 1 1~ 1 1 1 1 1 '"w ',: T '#~t~ ~ .: -... .~ r °`. a +~- ti:.~ • rY.7~r 1 ~ ~ ry ~ p _ ~..~. M . r ~y Land Use Maximum Maximum Projected Estimated Actual Rate Category Rate Rate Rate Revenue Residential $0.4400/sF $03808/sf $0.4400/sf $0.4400/sf Undeveloped $7,851/acre $0.00/acre $7,851/acre $7,851/acre Property Owner $78j1/acre $0.00/acre $7,851/acre $7,851/acre Association Pro e Estimated Revenue: I 5668,748 CFD 2001-1 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 2010/201 I are projected to be $35,000 (as given in the bond indenture) and scheduled debt service on the bonds is $507,387. E\I3IBIT I Community Facilities District No- 2001-1 (San Miguel Ranch -Boyd Issue) - ' '". y ~, Jt,?-x " ~c I I' 1 I K A~ w: is " I I 1 Land Use l~iasrmum Matimum Projccted Estimated Catefrorv Rate Actual Ratc Ratc Ratc Rcvcnue ]mprovement Area A: Residential $475/DU+094/sf $413.41/DU+0.29/sf $475/DU+034/sf $475/DU+0.34/sf Commercial $5.09]/acre $0.00/acre $5,091/acre $5,091/acre Undeveloped $10,376/acre $0.00lacre $10,376/acre $10,376/acre Estimated Revenue Improvement Area A: District Below Improvement Area B: Residential $475/DU+0.32/sf $475/DU+0.82/sf $475/DU+O.S2/sf $475/DU+0.82/sf Commercial $4,000/acre $4,000/acre $4.000/acre $4,000/acre Undeveloped Zone I ) $10,444/acre $8,869.00/acre $10,444/acre $10,444/acre Undeveloped (Zone 2) $4,444/acre 3,773.83/acre $4,444/acre $4,444/acre aee snore Estimated Revenue Improvement Area B: District Below Estimated Revenue Entire Districts $2,272,780 CFD 2001-1 is divided by SR-125 into two separate improvement areas, Improvement Area A (east of SR-125j and (mprovement 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, and Calle La Quinta. For CFD 2001-1 Improvement Area A administrative costs for Fiscal Year 2010/2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area A bonds is $988,792. For CFD 2001-1 Improvement Area B, administrative costs for Fiscal Year 2010!2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the Improvement Area B bonds is $828,135. E.YHIBiT J Community Facilities District No. 2001-2 (McMillin Otay Ranch, Village 6 -Bond Isszre) ~ `~ i~ ~ ~ ~ ~ ~ ~ * ~2° ~ • - , -'~' y}' " r yam ,. .. , ~"' - v - _ .~ q ~ d 4 FT.: . ~ ma t ~ l ~ Land Use Maximum Masimum Projected Estimated Category Rate Actual Rate Rate Rate Revenue Residential $410/DU+034/sf $38837/DU+0.30/sf $440/DU+0.34/sf $440/DU+034/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: ~ $888,727 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 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 2010/2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $711,040. EXHIBIT Ih Community Facilities District No. 07-I (Otav Ranch Village I I -Bond Issue) b4 ~. aR.._ " ' ~ ~ ~+ } ~Ty 4 -y W rv:.'Ofi n .... ' ~7 Y ' . ~. 4{ R~gV-i ~. ... lk k. V +fC ~~ _ 44 - I 2p~ , ~. Y ~ e d• . - ji , Y , wS , _ . Land Use llensity Maximum Actual Rate Maximum Prnjected Estimated Catenory Rate Rate Rate Revenue Residential Oto8 $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 $1,D05/DU Non-residential N/A $6,000/acre $6,000/acre $6,000/acre $6,000/acre ZoneA-Approved ~-,;_v"._,`^~ $13 955/acre $12,449/acre $13.955/acre $13,955/acre Pro er ~-:6~~r`. , ZoneB-Approvzd :~''~'s`*$~?` r.. ' $?4,218/acre $21.604/acre $24,218/acre $24,218/acre Pro e 'S' ~;?'"'?rl ,~ ZoneA- ~~!i<'~;~s'r Undeveloped ~wt`+r~''"T~:; $13,955/acre $0.00/acre $13,955/acre $13,955/acre Zone B - Undevcloped ~ .v'"-'i.'°" I"7~r ~'~', ;yp, f; ., $24,218/acre $0.00/acre $34,218lacre $24,2]8/acre Pro e ~ `~z*,h'~a'~~R Zone A- nal Pro i i '~ `'ah'~ki: ` r~ ~ *~`~ ~ )~ 955/acre $13 $0.00/acre 955/acre $13 $13,955/acre v s o .~ ,i~ ~ , , Zone B - i~ ^'~ ~ ~ Provisional ~ ~ ~ ~ pf ' $24,218/acre $0.00/acre $24,218/acre $34,218/acre Undeveloped ; , "',. ~ ~?~r::~; Estimated Revenue: $3,341,571 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 Parkway forms the northern edge and to the west is the extension of Eastlake Parkway. The administration costs for Fiscal Year ?010/2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $2,884,703. EaHiBiT L Community Facilities District No. OS-M (McMillin Otay Ranch and Otav Ranch Village 6 -Open Space Mnintenance) ~. ~~ w ~~~f ~ ~"~ '4r „{, .rry A. 7.. I 1~ I I ~Y.~.` ~ ~~ I I t 4i.., - ... 5!i ~ ~ _ ~!~n _ ~ , . - ~tT" Land Use Maximum Maximum Projected Estimatcd Actual Rate Category Rate Rate Rrte Revenue Iropruvement Area 1: Residential $0.444/sf $0.328/sf $0.444/sf $0.444/sf Multi-family $0.327/sf $0.242/sf $0.327/sf $0.327/sf Non-residential $2,773.62/acre $0.00/acre $2,773.62/acre $2,773.62/acre Final Map $7,358.63/acre $0.00/acre $7,355.68/acre $7,358.68/acre Other taxable - $7 358.68/acre $0.00/acre $7,358.68/acre $7,358.68/acre Residential Other taxable $6,850.43/acre $0.00/acre $6,850.43/acre $6,850.43/scre Multi-famil Other taxable- $2 773.62/acre $0.00/acre $2,773.62/acre $2,773.62/acre Non-residential Property Assoc. $7,358.68/acre $0.00/acre $7,358.68/acre $7,358.68/acre Pro e Estimated Revenue Area 1: $730,568 i Improvement Area 2: Residential $0.228/sf $0.1813/sf $0.328/sf $0.228/sf Multi-family $0.228/sf $0.1813/sf, $O.Z28/sf $0.228/sf Non-residential $4,723.72/acre $3,756.40/acre $4,723.72/acre $4,723.72/acre Final Map $4,723.72/acre $0.00/acre $4,723.72/acre $4,723.72/acre Othertarable $4,723.7?/acre $0.00/acre $4,723.72/acre $4,723.72/acre Property Assoc. Pro e $4,723.72/acre $0.00/acre $4,723.72/acre $4,723.72/acre Estimated Revenue Area 2: ~ $534,631 CFD 08-M finances the perpetual operation and maintenance of slopes, medians, parkways, trails, perimeter walls, perimeter fencing and storm water treatment facilities associated with Village 6, McMillin Otay Ranch and Otay Ranch Company. The budgets for Fiscal Year 2010/201 ] are $607,097 for Improvement Area 1 and $376,022 for Improvement Area 2. E~HH31T M Community Facilities District No. 08-I (Otay Ranch Village Six -Bond Issue) c ,n r 4h N'` I I I I I ~ + y: I I I s w ,:'YS~ ~`r'' • ~~~!' v' y Land Ilse Maximum Actual Rate Maximum Projected Estimated Category Rate Rate Rate Revenue Residential $300IDU+035,~sf $7a0.78/DU+0.32/sf $800/DU+035/sf 5800/DU+0.35/sf Non-residential $6,000/acre $0.00lacre $6,000/acre $6,000/acre ZoneA- $16,858/acre $0.00/acre $16,858/acre $]6,858/acre Undevelo ed B $26,445/acre $0.00/acre $26,445/acre $26,445/acre elo ed Undev Zone A - Provisional $16,858/acre $0.00/acre $16,858/acre $16,858/acre Undevelo ed 7-one B - Provisional $26,445/acre $0.00/acre $26,445/acre $26,445/acre Undevelo ed Estimated Revenue: ~ $1,8Z6,751 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 ?010/2011 are projected to be $75,000 (as given in the bond indenture] and scheduled debt service on the bonds is $1,47,294. EXll1B[T N Community Facilities District No. 09-M (Otay Ranch Vzllage 11- Brroo~elcl Shea) Land Use Maximum Maximum Projected Estimated Category llensity Rate Actual Rate Rate Rate Revenue Developed: Residential 0 to 8 $575.82/DU $462.82/DU $575.82/DU $~75.82/DU Residential >8 to 20 $460.65/DU $370?5/DU $460.65/DU $460.65/DU Residential >20 $345.48/DU $277.68/DU $345.48/DU $345.48/DU Non- residential N/A $2,211.14/acre $1,777.26/acre $2,21L14/acre $2,21L14/acre Undeveloped: : ~ Approved ,~~~ii,~ ~' ~ $2=211.14/acre $0.00/acre $2,211.14/acre $2,211.14/acre ~~ Pro a Undeveloped ~s.-~'•'~'"'~; $2211.14/acrz ' a ~ ' ' $O.OO/acre $2,211.14/acre $2,211.14/acrz ` 'i~Q Pro erty '~ ~'~," „ -Y.~!'.;• Taxable PropeAy , '_'~ ~ " ~ O ' $2.211.14/acre $0.00/acre $2,211.14/acre $2,21 Ll4/acre A ss ociation ' .> Pro a ~-;,a4k? Estimated Revenue: $9x2,819 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 l 1, Brookfield Shea Otay. The Fiscal Year 2010/2011 budget is estimated to be $966,625. I i i I EXHIBIT O Community Facilities District No. it-M (Rolling Hills Ranch McMillin -Open Space Maintenance) S` ~',iL~ .'. YFl fr 5,:.j 1 ~ ~ 1 l y .. .; ... . sC- ~ ~f .~_ ~ ._,. .. -. ',x.;t a 1 1 l -. . 1m ~ -~. ;-.. n ~~1 l l . '{la Sky ~Tr. r y T Land Use Maximum Actual Rate Maximum Projected Estimated Category Rate Rate Rate Revenue Residential $375.33/DU $317A1/DU $37533/DU $375.33/DU Non-residential $764.99/acre $0.00/acre $764.99/acre $764.99/acre Final Map $764.99/acre $0.00/acre $764.99/acre $764.99/acre Othertasable $764.99/acre $0.00/acre $764.99/acre $764.99/acre Property Assoc. $764.99/acre $0.00/acre $764.99/acrc $764.99lacre Property _ Estimated Revenue: ~ $172,025 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 2010/2011 budget is estimated to be $117,06. EXHIBIT P Community Facilities District No. 12-M (McMillin Otay Ranch and Otay Ranch Village Seven -Open Space Maintenance) r t c-'rc~?~aaTdt - t~, 1 I' I I ~,y,' 11 ( ~ ,`,a. c.~;. tx S`'ryry1~~~ `~`~5..'x~~'~ Y.~-~~`'~. i`g .. ~ i+,. ~wf ~;' ;',-'r+,' ~ 'fw,'e~.~s ~'F9r" 1 I 1 L .b~5...nt:.i~ ~Y Land Use Category Maximum Maximum I Projected Estimated Rate Actualliate Rate Rate Revcnue ~ Developed: improvement Area I - $0.432/sf $0.432/sf $0.432/sf $0.432/sf Residential lmprovement Area 1 - $g 489.10/acre $0.00/acre $8,489.10/acre $8,489.10/acre Non-residential Improvement Area 2 - $0.589/sf $0.589/sf $0.589/sf $0.589/sf Residential improvement Area $g 501.08 /acre $0.00/acre $9,501.08/acre $9,501.08/acre Non-residential Undeveloped: lmprovemeat Area 1 - $g 489.10/acre $2,662.79/acre $8,489.10/acre $8,4R9.10/acre Final Ma Improvement Area I $g 489.10/acre $0.00/acre $8,489.10/acre $8,489.10/acre Other Taxable Pro erty lmprovement Area 1 - Taxable Property Owner $8,489.10/acre $0.00/acre $8,489.10/acre $8,489.10/acre Assoc. Pro e Improvement Area 2 - $9,501.08 /acre $3,184.31/acre $9,501.08 /acre $9,501.08 !acre Final Ma Improvement Area Z - 501.08 /acre gq $0.00/acre $9,501.08 /acre $9,501.08 /acre Other Taxable Pro e , Improvement Area 2 - Taxable Property Owner $9,501.08 /acre $0.00/acre $9,501.08 /acre $9,501.08 /acre Association Pro e Estimated Revenue: $1,023,113 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. i The budgets for Fiscal Year 2010/201 l are $615,410 for Improvement Area No. l and $546.163 for Improvement Area No. 2. EXHIBIT Q Community Facilities District No. 12-I (.LlcMillin Otay Ranch Village Seven -Bond Issue) ' ~ .ri~x_s ~ , r:.,.`a3a - c- ~ l l~ i i -n, c,,~"-~~~'•"mo"t r.. ~ i .~„ i l l ~.,tiz.;s- i ~ rt:,~ ~TMi3~s~.:;~.. ~ ~ ~ -~-. '~ °=~a "i ~ ~ ~ Land Use Category Maximum Ratc Actual Rate Maximum Rate Projected Rate Estimated Revenue Residential $890/DU+0.79/sf 5890/DU+0.79/sf $890/DU+0.79Isf $S90/DU+0.79/sf Non-residential $6,000/acre $0.00/acre $6,000lacre $6,000/acre Undevelo ed $24,;83/acre $15,783.45/acre $24,383/acre $24,383/acre ZoneB- Undevelo ed $41,621/acre $26,941.84/acre $4f,621/acre $41,621/acre ZoneA- Conlin ent Taxable $24,383/acre $0.00lacre $24,383/acre $24,3831acre ZoneB- Contin ent Taxable $41,621/acre $0.00/acre $41,621/acre $41,631/acre Estimated Revenue: ~ S1,995,569 CFD 12-I finances the construction of backbone streets and associated improvements (i.e., grading, sewer; streets, landscaping, utilities, etc.), public facilities, and D1F 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 Year 2010/2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,460,132. EXHIBIT R Land Use Category Residential Non-residential Final Map Other taxable Taxable Property Owner Assooc. Community Facilities District No. 13-M (Otay Ranch Village Two) Maximum Rate Actual Rate Maximum Rate Projected R:tte $0.495/sf $0.00/DU $0.515/sf $0.515/sf $8,277.53/acre $0.00/acre $8,608.68/acre $8;608.68/acre $8,277.58/acre $0.00/acre $8,608.68/acre $8,608.68/acre $S;L77.58/acre $8657/acre $8,608.63/acre $8,608.68/acre $8,277.68/acre ~ $0.00/acre ~ $8,608.68/acre ~ $8,608.68/acre Estimated Revenue Estimated Revenue: ~ $6,227,003 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 Parkway, west of La Media Road, and west of the Landfill Site. The budget for Fiscal Yeaz 2010/2011 is $129,>O1. EXHIBIT 5 Community Facilities District No. l3-I (Otav Rnnch [pillage Seven) ' II' I I _.. '. ~• I I I ~ ~ .. ; Land Use Maximum Actual Rate Maximum Projected Rate Estimated Category Rate Rate Revenue Residential $2,750/DU+0.45/sf $2,750/UU+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 56,000/acre residential Zone A- $59,505/acre $37,688.171acrc $59,505/acre $59,505/acre Undevelo ed ZoneB- $~781g/acre $23,952.46/acre $37,818/acre $37,818/acre Undevelo ed Zone A- Contingent $59,505/acre $0.00/acre $59,505/acre $59,505/acre Taxable Zone B - Contin~ent $37,818/acre $0.00/acre $37,818/acre $37,818lacre Taxable Estimated Revenue: $1,348,772 CFD 13-I 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 2010/2011 are projected to be $75,000 (as given in the bond indenture) and scheduled debt service on the bonds is $1,014,833.