HomeMy WebLinkAbout1998-05-05; City Council; 14662; CFD No. 1 Annexation No. 97/98-1CITY OF CARLSBAD -AGENDA BILL r-2
AB# t@.%-- TITLE: 4‘ D PT. HD.
MTG. 05/05/98 COMMUNITY FACILITIES DISTRICT NO. 1
ANNEXATION NO. 97/98-l @5? CITY ATTY.
DEPT. FIN RANCH0 CARRILLO VILLAGES A, B, c, D 81 H c1l-y MGR. w
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RECOMMENDED ACTION:
Adopt Resolution No. 98- )3L( certifying and adding property to an existing
Community Facilities District.
ITEM EXPLANATION:
Backaround
Property owners of vacant land in Carlsbad and the City worked together to form
Community Facilities District (CFD) No. 1. The CFD provides funding for a variety
of infrastructure projects which will be necessary to meet the requirements of the
Growth Management Program. Council formed CFD No. 1 in 1991, following an
election by property owners for a special tax to be levied upon their property to
fund construction or acquisition of capital projects.
The Carlsbad philosophy is that CFD financing is not intended to relieve any
property owner of the responsibility to provide funding for infrastructure
improvements related to a single development. No homeowner in Carlsbad is
affected by a City CFD because our guidelines ensure that the obligation on a
residential unit is paid in full when the building permit is issued. No homeowner
will pay City-imposed Mello-Roos taxes.
Many Local Facilities Management Zones were not included in CFD No. 1.
Annexation proceedings were anticipated to occur as each zone progressed
through the development process. With the exception of the more developed
areas, each zone plan requires either annexation to the CFD or developer funding
of all required facilities.
In April 1993, Council authorized future annexation of the remaining undeveloped
land into CFD No. 1. This action permits developers to use the simplified
annexation procedure and allows development to proceed without additional public
hearings or special elections. The simplified annexation procedure lets property
owners administratively petition to annex into CFD No. 1. Upon Council approval,
property will be annexed into CFD No. 1, thus fulfilling their obligation for certain
public facilities.
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Page 2 of Agenda Bill No. /“/: h&?-.
Annexation No. 97/98-l - Ranch0 Carrillo Villaaes A, B. C. D and H
As a condition of approval for CT 97-01 and CT 97-02, Ranch0 Carrillo Villages A, B, C,
D and H are required to annex into CFD No. 1. The applicant, Continental Ranch has
completed the required Consent and Election to Annex Property into CFD No. 1 (Exhibit
2) and accepted the boundary map showing the proposed area to be annexed (Exhibit
3). Council may formally authorize the annexation by certifying and adding the property
into the original Community Facilities District. After Council authorization, a Notice of
Annexation (Exhibit 4) will be filed with the County Recorder as a lien against the
property.
FISCAL IMPACT:
When CFD No. 1 was established, it was anticipated that all vacant, undeveloped or
underdeveloped land would annex as it developed, thus providing the necessary cash
flow to finance the construction of certain public facilities.
The property being annexed has been approved for the development of 4 multi-family
lots, 114 duplex lots, and 160 single family lots. The property will be subject to CFD
No. 1 Special Tax - Undeveloped Property beginning in fiscal year 1998/99. The
1998/99 levy is unknown at this time, however, using the 1997/98 tax rates, the levy will
be approximately $136,000. The property is also subject to the CFD No. 1 Special
Development Tax - One-Time at the time of building permit issuance. Using the
1997/98 tax rates, this tax would be $4,954 for each dwelling unit with a density of less
than four dwelling units per acre and $3,127 for each dwelling unit with a density
greater than four per acre. The total amount of the One-Time tax cannot be calculated
because development applications have not been received on all of the property being
annexed.
Through the use of the simplified annexation procedure, both the City and the owner
are able to avoid election costs and additional time delays. A fee of $480 to cover
annexation processing, map preparation, and filing costs will be paid by the property
owner.
EXHIBITS:
1.
2.
Resolution No. 9 8 - 1 3 7 , certifying and adding property to an existing CFD.
Consent and Election to Annex Real Property to an Existing Community
Facilities District.
3. Boundary Map of the area to be annexed.
4. Notice of Annexation.
5. Community Facilities District No. 1 1997-98 maximum tax rates.
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RESOLUTION NO. 98-134
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, CERTIFYING AND
ADDING PROPERTY TO AN EXISTING COMMUNITY
FACILITIES DISTRICT (NO. 1) ANNEXATION NO.
97/98-l. RANCH0 CARRILLO VILLAGES A, B. C. D & H
WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD,
CALIFORNIA, (hereinafter referred to as the “legislative body of the local
Agency”), has previously formed a Community Facilities District pursuant
to the provisions of the “Mello-Roos Community Facilities Act of 1982,”
being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the
State of California, said Article 3.5 thereof. The existing Community
Facilities District being designated as COMMUNITY FACILITIES DISTRICT
NO. 1 (hereinafter referred to as the “District”); and
WHEREAS, the legislative body has also established a procedure to
allow and provide for future annexations to the original District and the area
proposed to be annexed in the future was designated as COMMUNITY
FACILITIES DISTRICT NO. 1, FUTURE ANNEXATION AREA (hereinafter
referred to as the “Future Annexation Area”); and
WHEREAS, at this time the unanimous consent of the property owner
or owners of certain specific territory proposed to be annexed has been
received, and said territory has been designated as ANNEXATION NO.
97/98-l (hereinafter referred to as the “Annexed Area”); and
WHEREAS, the map showing the specific territory to be annexed and
designated as the Annexed Area as submitted is hereby approved by this
legislative body.
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, California as follows:
RECITALS
SECTION 1. The above recitals are all true and correct.
ANNEXATION CERTIFICATION
SECTION 2. That this legislative body does hereby determine and
declare that the territory subject to annexation, being the Annexed Area, is
now added to and becomes a part of the District.
ANNEXATION AREA
SECTION 3. That the boundaries and parcels of territory herein
annexed and on which special taxes will be levied in order to pay for the
costs and expenses of authorized public facilities is described as follows:
All that property annexed to the existing Community Facilities District as
said territory is shown on a map as herein approved by this legislative body,
said map designated by the number of the annexation and the name of the
District, a copy of which is on file and shall remain open for public
inspection.
FINDINGS
SECTION 4. That this legislative body does hereby further determine
as follows:
A. That the unanimous consent to the annexation as submitted by the
property owners is hereby certified and approved and shall be kept
on tile in the office of the Election Official.
B. The legislative body is hereby empowered to levy the authorized
special taxes within the Annexed Area to pay for the District’s public
facilities. The property being annexed will be subject to all applicable
special taxes upon annexation. The Annual Special Tax - Undeveloped
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Property will commence fiscal year 1998-99.
C. That the Annexed Area is formally added to and becomes a part of
the District.
NOTICE
SECTION 5. That immediately upon adoption of this Resolution,
notice shall be given as follows:
A. A copy of the annexation map as approved shall be immediately,
and at least within fifteen (15) days of adoption of this Resolution, filed in the
office of the County Recorder.
B. Also within said fifteen (15) days, an amendment to the Notice of
Special Tax Lien (Notice of Annexation) shall be recorded in the office of the
County Recorder.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council on the 5 day of May , 1998, by the following vote, to wit:
AYES: Council Members Nygaard, Hall & Finnila
NOES: None
ABSENT: Lewis & Kulchin
ATTEST:
RAMONA FINNILA,'Mayor Pro Tern
ALETHA L. RAUTENKRAN (SEAL)
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EXHIBIT 2
CONSENT AND ELECTION TO ANNEX REAL PROPERT-
TO AN EXISTING COMMUNITY FACILITIES DISTRICT
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TO: LEGISLATIVE BODY
COMMUNITY FACILITIES DISTRICT NO. 1
1. The undersigned is the owner, or duly authotied representative of said owner, of
the property as shown on the attached map (the “Owner”), and is the appropriate
person with legal authorization to sign this consent, vote and elect to annex
property to the District.
2. The Owner is aware of and understands the following:
A.
B.
C.
D.
E.
The City of Carlsbad has conducted proceeding pursuant to the “Mello-Roos
Community Facilities District Act of 1982” (Government Code Section 533 11
and following) (the “Act”) to form a community facilities district known and
designated as COMMUNITY FACILITIES DISTRICT NO. 1 (the “District”)
for purposes of the construction, installation and financing of major public
capital facilities to serve and benefit properties within the boundaries of the
District.
Proceedings have also been authorized to allow annexation of property in the
future to said District; however, any future annexation is conditioned upon the
unanimous consent of the owner or owners of each parcel or parcels at the
time of the proposed annexation.
That the Owner is the owner of property subject to annexation as said area is
shown on a map attached hereto, referenced and incorporated, marked and
designated as the ANNEXED AREA.
That the map attached hereto shows the developable area pursuant to the City
General Plan land use, and includes all applicable Assessor’s parcel numbers
for the property being annexed.
The property being annexed will be subject to all applicable special taxes upon
annexation. The Annual Special Tax - Undevelopable Property will commence
in fiscal year 1998 - 1999.
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THE UNDERSIGNED DOES HEREBY CERTIFY UNDER PENALTY OF PERJURY
AS FOLLOWS:
3. The Owner does consent to and approve the annexation of the Annexed Area to the
District without any additional further public hearings and without any further election
requirements. The Owner further waives the right to protest, object to or initiate
proceedings challenging the validity of the following:
l Proceedings for the formation of the District
l Proceedings to annex property in the future
l Specific annexation proceedings for the Annexed Area
4. The Owner specifically authorizes the levy of the previously approved special taxes on
all properties within the boundaries of the Annexed Area to pay for the authorized
public facilities and/or to assist in the payment for bonded indebtedness of the
Community Facilities District.
5. The Owner acknowledges the map attached and states that said map properly shows
the property to be annexed and the net developable acres per general plan land use.
EXECUTED this
su h+ I
26 + day of w , 19 YB , in
, California.
gliL4n
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Signature
David A. L&her
Type or print name of signer.
Notary Area:
(If additional signatures are required, please attach additional pages.)
If the signer is signing of behalf of a corporation or partnership, a resolution passed by the
board of directors identifying the name(s) of authorized signers must be attached.
AliFORNIA ALL-PURPOsE ACKNOWLEDGMENT
personally appeared
& ersonally known to me
acted, executed the instrument.
WITNESS my hand and official seal.
ature of Notary Public
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Document Date:
Capacity(ies) Claimed by Si
Signer’s Name:
0 Individual
q Corporate Officer
Title(s):
0 Attorney-in-Fact
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Signer Is Representing:
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0 1996 National Notary Association * 6236 Remmet Ave., P.O. Box 7184 - Canoga Park, CA 91309-7164 Prod. No. 5907 Reorder: Call Toll-Free 1-600-676-6627
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CERTIFICATE OF CORPORATE RESOLUTION OF CONTINBNl'AL RANCH, INC.
I, Susan M. Gaupel , Assistant Secretary of CONTINENTAL RANCH, INC., a Delaware corporation ("Corporation"), do hereby certify that I am a duly elected, qualified and acting officer of the Corporation and, as such, I am familiar with the books, minutes and records of the Corporation; that no provision of the Articles of Incorporation or Bylaws of the Corporation requires that any action or signature of the Corporation be attested by a corporate officer; that there is no provision in the Articles of Incorporation or Bylaws of the Corporation limiting the power of the Board of Directors to adopt the hereinafter stated resolutions; that the following is a true and accurate copy of resolutions duly adopted by the Board of Directors of the Corporation, on October 20, 1997 either at a duly held meeting of the Board of Directors or by unanimous written consent of all members of the Board of Directors of the Corporation; and that said resolutions have not been modified, rescinded or revoked and are now in full force and effect:
RESOLVED, that one signature from the President or any of the Vice Presidents of the Corporation listed below is required for any and all documents related to planning, engineering, mapping, development or construction associated with property owned by Continental Ranch, Inc.; including but not limited to maps, easements, agreements, permits, dedications, etc.; and
RESOLVED, the following persons are the duly elected President and Vice Presidents of the Corporation:
Chris Chambers President W. Thomas Hickcox Vice President Donald W. MacKay Vice President David Lother Vice President Greg Hastings Vice President
RESOLVED FURTHER, that one signature from the President or any of the above-designated Vice Presidents is sufficient by itself to bind the Corporation in furtherance of these Resolutions.
WITNESS my hand on this 20th day of October, 1997.
'CONTINENTAL RANCH,. INC., a Delaware corporation
Assistant Secretary
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EXHIBIT 3
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EXHIBIT 4
WHEN RECORDED, RETURN TO:
CITY CLERK
CITY OF CARLSBAD
1200 CARLSBAD VILLAGE DRIVE CARLSBAD, CA 92008
AMENDMENT TO THE NOTICE OF SPECIAL TAX LIEN
(NOTICE OF ANNEXATION)
Pursuant to the requirements of Section 3117.5 of the Streets and Highways Code and Section
53339.8 of the Government Code, the undersigned CITY CLERK of the legislative body of the CITY OF CARLSBAD, COMMUNITY FACILITIES DISTRICT NO. 1, ANNEXATION NO. 97/98-l ,
STATE OF CALIFORNIA, HEREBY GIVES NOTICE that a lien is hereby imposed to secure
payment of a special tax which the City Council of the City of Carl&ad, County of San Diego,
State of California, is authorized to annually levy for the following purpose:
To pay for certain public capital facilities, including the payment of principal and interest on bonds, said facilities generally described as the construction and installation or purchase of the following:
I. Public facilities generally described as new library facility, a major addition to an
existing library building, a City Hall complex, and the addition of office and warehouse facilities at the public safety center.
II. Park improvements generally designated as the MACARIO CANYON PARK.
III. Major street improvements in portions of the following designated public streets: FARADAY AVENUE, CANNON ROAD, LA COSTA AVENUE, OLIVENHAIN ROAD/RANCH0 SANTA FE ROAD & LEUCADIA BOULEVARD.
IV. Major bridge and overpass facilities generally described as the LA COSTA
INTERCHANGE, POINSETTIA LANE INTERCHANGE & PALOMAR AIRPORT
ROAD INTERCHANGE.
The special tax is authorized to be levied within Community Facilities District No. 1, Annexation
No. 97/98-l , which has now been officially formed, and the lien of the special tax is a continuing
lien which shall secure each annual levy of the special tax and which shall continue in force and effect until the special tax obligation is prepaid, permanently satisfied and canceled in accordance with law or until the special tax ceases to be levied and a notice of cessation of
special tax is recorded in accordance with Section 53330.5 of the Government Code.
The rate and method of apportionment of the authorized special tax is as shown on the attached, referenced and incorporated Exhibit “A”, and the special tax shall be collected in the same
manner as ordinary ad valorem property taxes are collected and shall be subject to the same
penalties and the same procedure, sale and lien priority in case of delinquency as is provided
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for ad valorem taxes. Conditions under which the obligation to pay the special tax may be
prepaid and permanently satisfied and the lien of the special tax canceled are as follows:
Any special tax for public capital facilities may be prepaid and satisfied by the payment of the maximum present value of the special tax obligation.
Notice is further given that upon the recording of this notice in the office of the County Recorder, the obligation to pay the special tax levy shall become a lien upon all non-exempt real property
within the District in accordance with Section 3115.5 of the Streets and Highways Code.
The names of the owner(s) of the real property included within the Community Facilities District
as they appear on the last secured assessment roll as of the date of recording of this Notice and the Assessor’s tax parcel(s) numbers of all parcels or any portion thereof which are included
within said territory to be annexed to this Community Facilities District are as set forth on the
attached, referenced and incorporated Exhibit “B”.
Reference is made to the following:
1. Notice of Special Tax lien recorded May 20, 1991, Document No. 91-236959 in the office of
the County Recorder for the County of San Diego, State of California.
2. Boundary map of the original Community Facilities District recorded at Book 24, Page 56, Document No. 90-674118, Maps of Assessment and Community Facilities Districts in the office of the County Recorder for the County of San Diego, State of California.
3. Boundary map of the Future Annexation Area District recorded at Book 27, Page 21, Document No. 93-220163, Maps of Assessment and Community Facilities Districts in the
office of the County Recorder for the County of San Diego, State of California.
4. Boundary map of the Annexation Area No. 97/98-l recorded at Book , Page -, Document No. Maps of Assessment and Community Facilities Districts in the office of the County Recorder for the County of San Diego, State of California.
For further information concerning the current and estimated future tax liability of owners or purchasers of real property subject to this special tax lien, interested persons should contact the following designated person:
Lisa Hildabrand, Finance Director
City of Carlsbad
1200 Carlsbad Village Drive Carlsbad CA 92008 Telephone: (619) 434-2867
/Qa I
ALETHA L. RAUiENKf?ANZ Citv Clerk/
City of Carlsbad
State of California
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CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT
BXBIBIT -A’
NO. 1
PROPERTY CATEGORIES AND MAXIMUM TAX
All twable property within the boundariee of the Future Annexa- tion Area shall be
subject to ANNUAL SPECIAL TAXES as applicable based upon the rates as established
for the original Cosununity Facilities District No. 1 and further based upon the
property eategorieo, maximum tax rates, increases and status of the issuance of
building permits, all a8 hereinafter set forth. Improvement Area I refer9 to all
properties Within the boundariem of the City of Carlsbad Bridge and Thoroughfare
District. ImprOVfBUIent Area II is for all r@mahdng properties within the Community
Facilities District, not within the Bridge C Thoroughfare Di8trict.
'a RitsIDENTIAL PmPERTx
ANNUAL SPECIAL TAX - UNDEVELOPED PROPERTY
All taxable property prior to the issuance of a building permit shall be subject to
the following maximum annual special taxes, subject to increases as set forth
herein:
MAXIMUM ANNUAL SPECIAL TAX - DBDEVELOPED PROPERTY
PER DEVELOPA+E ACRE FOR FISCAL YEAR 1990/1991
fMPR-NT IMPROVBMBNT
PROPERTY CATEGORY AREA1 AREA IL
Residentf al Low S 281.00 S 277.00
Residential Low to Medium 772.00 760.00 Residential Medium 1,294.oo 1,217.00
Residential.Xedium to High 1,984.OO 1,868.00
Residentfal High 2,793.oo 2,739.oo
SPECIAL DEVELOPMENT TAX - ONE TINE
Upon the issuance of a building permit, all Residential properties shall be subject
to the following described SPECIAL DEVELOPMENT TAX - ONE TIME, also subject to
increase9 as set forth herein, aa follows:
MAXIMUM SPECIAL DEVELOPMENT TAX - ONE TIME PER
RESIDENTIAL DWELLING UNIT FOR FISCAL YEAR 1990/1991
IMPROVEMHNT IMPROVEMENT
PROPERTY CATEGORY AREA 1 AREA II
Residential Low $ 4,452.OO $ 3,835.OO .
Residential Low to Medium 4,452.OO 3,835.OO
Residential Medium 2,810.OO 2,312.oo
Residential Medium to High 2,810.OO 2,312.OO
Residential High - 2,810.OO 2,312.OO
PROPERTY CATEGORY
COMMERCIAL USE DESIGNATIONS
IHPROVZMENT
AREA1
IMPROVEMENT AREA II
Restaurant - Past Food S 28.46 S 7.58
Outdoor Tennis Courts 28.14 7.26
Convenience Market 27.31 6.74
Bank with Drive-thru 18.06 5.72
Campground 17.51 4.99
Restaurant - Sit Down 15.17 4.73
Marina 14.85 4.41
Bank - Walk In 12.83 4.60
Auto - Gasoline 8.11 2.89
Grocery Store 7.7a 2.56
S & L with Drive-thru 7.59 3.48
Bowling Center 6.63 2.83
Restaurant - Quality 6.57 3.09
Neighborhood Shopping Center 6.46 2.27
Auto Car Wash 6.31 2.52
S&L - Walk In 5.51 3.03
Race Track : 5.10 2.33
Library 4.26 2.86
Community Shopping Center 4.24 1.80
Hospital .- General 3.68 3.18
ComKRcIAL, nmmmIAL -QpBwPRoPERTY
ANNUAL SPECIAL TAX - mmLGPED PROPERTY
All taxable Commercial and Industrial Property prior to the issuance of a building
permit shall be subject to the following maximum annual special taxes, also subject
to increase6 as set forth herein:
XAXIMUM ANNUAL SPECIAL TAX - UNDEVELOPED PROPERTY
PER DEVELOPABLE ACRE FOR FISCAL YEAR 1990/1991
IMPROVEMENT IHPROVtMENT -. AREA1 AREA If
Commercial Property S 2,400.OO S 1,600.OO
Induetriai' Property 1,200.00 960.00
Agricultural Property -o- -o-
All Commercial and. Industrial Property, upon the issuance of a building permit,
shall have the option to (1) pay the SPECIAL DEVELOPMENT TAX - ONE TIME or (2)
assume the ANNUAL SPECIAL TAX - DEVELOPED PROPERTY for a period of not to exceed
twenty-five (25) years, generally in the amounts per property category as follows:
MAXIMVX SPECIAL DEVELOPMENT TAX - ONE TIME FOR FISCAL
YEAR 1990/91 PER SQUARE FOOT OF BUILDING AREA
IMPROVEMSNT fMpROVEM.ENT
COMMERCIAL USE DESIGNATIONS AREA I AREA II
Hotel - Conv. Fac/Comtn.
Auto - Repair C Sales
Regional Shopping Centar
Discount Store
Golf Course
Church
Office - Government
Commercial Shops
Health Club
Motel .- .
Office - High Rise
Office - Cormnercial, 100,000 SF
Lumber/Hardware Store
Office - Medical
Hospital - Convalescent
Indoor Sports Arena
Resort Hotel
University
Junior College
All other Commercial Properties
not indentified above
3.47
3.41
3.35
3.22
3.06
2.99
2.93
2.90
2.89
2.69
2.67
2.56
2.47
2.42
2.33
2.33
2.30
2.26
2.19
2.14
2.52
1.58
1.61
1.58
2.14
1.94
1.88
1.58
1.85
2.06
1.84
1.75
1.58
2.07
2.23
2.23
1.98
1:91
1.90
1.44
IMPROVEUENT IMPROVEMENT
INDUSTRIAL USE DESIGNATIONS . ARZA I AREA II
Heliports S 10.63
Industrial-Commercial Business
Park 2.14
All other Industrial Properties
not identified above 1.74
S 3.67
l.Sl
1.42
OR, m Tms ALTERHATE,
ANNUAL SPECIAL TAX
The “Maximum Annual Special Tax - Developed Property” for any Fiscal Year shall not
exceed 13.81) of the authorized "Maximum Special Development Tax - One Time" for the .
various Commercial and Industrial Property categories as set forth above in the
amount applicable and annually adjusted for each Fiscal Year.
The above SPECIAL TAXES for the taxable properties are applicable for the fiscal
year 1990/91, and are all subject to annual increases to reflect increases in
construction costs- The Construction Cost Index of the Engineering News-Record,
titled "ENR Cost Indexes in 22 Cities" will be used. The Index published for the
month of April for the City of Los Angeles under the column heading of "Percentage
Change from Last Year” will annually inflate each of the Maximum Annual Taxes for
each year for properties as follows:
!
I s”
A. PROPERTIES WITHIN TRE DISTRICT: Not to exceed 50% of the
above-referenced increase.
B. PROPERTIES TO BE SUBSEQUENTLY ANNEXED: Not to exkeed 100% of the above-referenced increake until annexed.
. TRRUOFTAX
The above taxes shall be levied until all bonds have been diecharged and facilities
funded and/or guaranteed, and the SPECIAL DEVELOPMENT TAX - ONE TIME has been paid: however, the AWNUAL SPECIAL TAX - DEVELOPED PROPERTY shall not be levied for a period in exceek of twenty-five (25) years per parcel.
Residential:
Once a biailding permit has been isoued for Residential property and the SPECIAL DEVELOPMBNT TAX - ONE TIME ha6 been paid, the property no longer will be subject to
any annual special tax.
commercial C Industrial:
The Commercial and Industrial properties, upon the issuance of a building permit, have the option to (1) pay the SPECIAL DEVELOPMBNT TAX - ONE TIME or (2) aseume the
ANNUAL SPECIAL TAX - DEVELOPED PROPERTY, a6 eat forth above. Upon the issuance of
any building permit, no further increare or escalation is authorized.
-TIOl’tOF OOSTAND TAX
Total capital CO5t5 for all authorized facilities shall be allocated a6 followlr:
65%'to Residential property, 35& to Commercial C Industrial property. The above coeta exclude coete of ieeuance a6 needed.
Reeidential property 6hall be taxed in an amount sufficient to meet the 65% share of
facilities, which tax will include costs of ieeuance, intereet pd other costs,
including 6inking fund phyments for future construction a6 applicable.
i Commer&ial C In&trial Brope&y ohall be taxed in an amount sufficient to &et the 35% Mare of facilities, which tax will include costs ok isguande, interbst and other darts, ineluding 6inking fund payment6 for future construction a6 appli&ble.
* COLLECTION O? ANNUAL TAX
Residedtial:
Determine monies neceseary to make payment on bond debt service, replenish reserve,
call bonds, pay bonds and Connnunity Facilities District No. 1 administrative costs,
and pay for public capital facilities. FIRST: Reduce this amoust by the funds collected froni Speciaf Development Tax - One Time levied against residential
properties. SECOND: The remaining funds needed are to be collected by the levy of
the annual Special Tax - Undeveloped Property on undeveloped taxable residential
acreage, in the proportional amounts f,or each property category a6 required, not to
exceed the maxi&m authoiired tax.
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commercial and Industrial:
Determine:monie6 necessary to make payment on bond debt service, replenish reserve,
call.bonds, pay bonds and Cosxnunity Pacililies District No. 1 administrative CO(ltS, and pay for current or future pubiic capital facflitiea. FIRST: Reduce this amount
by the funds collected from special Developaent Tax - Cne Time and annual Special
Tax - Developed Property levied against connnercial and industrial properties.
SECONP a tevy the annual Special Tax - Undeveloped Property on undeveloped'taxable commercial and industrial acreage in the proportional amounts for each Property categery as re?ired , not to exceed the maximum tax.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
PROPERTY OWNER NAME AND ASSESSORS PARCEL NUMBERS
“EXHIBIT B”
Property Owner: Continental Ranch, Inc.
Assessor’s Parcel
Numbers: 215-031-06-00
221-012-12-00
221-012-13-00
. EXHIBIT 5
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENT TAX - ONE- TIME
IMPROVEMENT AREA I
I RATE IF I
ANNEXED
1 VALID JULY 1, 1997 TO JUNE 30, 1998 FY 1997-98
RESIDENTIAL DEVELOPED IAND USE: PER DU.
RL (0 - 1.5 DUIAC) $4.954.1551
FILM (1.5 1 TO 4.0 DU/AC) 4,954.1551
RM (4.1 TO 8.0 III/AC) 3.126.9487
RMH 18.1 TO 15.0 DUIAC) 3,120.9487
RH (15.1 TO 23.0 DU/AC) 3,128.9487
NON-RESIDENTIAL LAND USE: PER SQ. FT.
AUTO - GASOLINE $9.0248
AUTO - REPAIR & SALES 3.7946
AUTO CAR WASH 7.0217
BANK - WALK IN 14.2771
BANK - WITH DRIVE THRU 20.0970
BOWLING ALLEY 7.3778
CAMPGROUND 19.4850
CHURCH 3.3273
COMMERCIAL SHOPS 3.2271
COMMUNITY SHOPPING CENTER 4.7182
CONVENIENCE MARKET 30.3904
DISCOUNT STORE 3.5832
GOLF COURSE 3.4051
GROCERY STORE 8.6575
HEALTH CLUB 3.2160
HFI IPORTS 11 87Rc-l
h,nSPlTAl - C’CINVAI FSCFNT I 7 !-G!l?R I
HOSPITAL - GENERAL
NOT IDENTIFIED ABOVE 2.3814
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE (NOTE 2) 1.9363
NOTE 1: THIS CATEGORY OF LAND USE CONTAINS PM AND CM ZONED PROPERTY.
NOTE 2: THIS CATEGORY OF LAND USE CONTAINS M AND PU ZONED PROPERTY.
Exhibit 5, Page 1 of 3
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. EXHIBIT 5
CITY OF CARLSBAD
COMMUNlTY FACILITIES DISTRICT NO. 1
SPECIAL DEVELOPMENT TAX - ONE-TIME
IMPROVEMENT AREA II
RESIDENTIAL DEVELOPED LAND USE:
RL (0 - 1.5 DUIAC)
RLM (1.5 1 TO 4.0 DU/AC)
RM (4.1 TO 8.0 DU/AC)
RMH (8.1 TO 15.0 DU/AC)
RI-I (15.1 TO 23.0 DUIAC)
PER DU
$4,267.5617
4,267.5617
2.572.7777
2,572.7777
2,572.7777
NON-RESIDENTIAL LAND USE:
AUTO - GASOLINE
AUTO - REPAIR & SALES
PER SO. FT.
$3.2160
1.7582
AUTO CAR WASH 2.8042
BANK - WALK IN 5.1188
SANK - WITH DRIVE THRU 6.3852
BOWLING ALLEY 3.1492
CAMPGROUND 5.5528
CHURCH 2.1588
COMMERCIAL SHOPS 1.7582
COMMUNITY SHOPPING CENTER 2.0030
CONVENIENCE MARKET 7.5002
DISCOUNT STORE 1.7582
GOLF COURSE 2.3814
GROCERY STORE 2.8488
HEALTH CLUB 2.0587
HELIPORTS 4.0840
HOSPITAL - CONVALESCENT 2.4815
HOSPITAL - GENERAL 3.5387
HOTEL - CONV. FAClCOMM. 2.8042
INDOOR SPORTS ARENA 2.4815
INDUSTRIAL _ COMMERCIAL
BUSINESS PARK (NOTE 1) 1.6803
JUNIOR COLLEGE 2.1143
LIBRARY 3.1828
LUMBER/HARDWARE STORE 1.7582
MARINA 4.9074
MOTEL 2.2924
NEIGHBORHOOD SHOPPING CENTER 2.5280
OFFICE - COMMERCIAL (C 100,000 SF) 1.9474
OFFICE - GOVERNMENT 2.0921
OFFICE - HIGH RISE 2.0475
OFFICE - MEDICAL 2.3035
OUTDOOR TENNIS COURT 8.0789
RACE TRACK 2.5928
REGIONAL SHOPPING CENTER 1.7916
RESORT HOTEL 2.2033
RESTAURANT - FAST FOOD 8.4350
RESTAURANT - QUALITY 3.4385
RESTAURANT - SIT DOWN 5.2635
S&L-WALKIN 3.3718
S & L - WITH DRIVE THRU 3.8725
UNIVERSITY 2.1254
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE 1.6024
ALL OTHER INDUSTRIAL USES
1 NOT IDENTIFIED ABOVE (NOTE 2) I
NOTE 1: THIS CATEGORY OF LAND USE CONTAINS PM AND CM ZONED PROPERTY.
NOTE 2: THIS CATEGORY OF LAND USE CONTAINS M AND PU ZONED PROPERTY.
1.5802
Exhibit 5. Page 2 of 3
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EXHIBIT 5
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
ANNUAL SPECIAL TAX UNDEVELOPED PROPERTY
RESIDENTLAL UNDEVELOPED LAND USE: PER NET ACRE
RESIDENTIAL LOW (RL) $312.6949
RESIDENTIAL LOW MEDIUM (RLM) 859.0763
RESIDENTIAL MEDIUM (RM) 1.439.9543
RESIDENTIAL MEDIUM HIGH (RMH) 2,207.7816
RFSIDENTIAL HIGH lF?HI 3.108.0317
NON-RESIDENTIAL UNDEVELOPED LAND USE: PER NET ACRE
COMMERCIAL PROPERTY $2.670.7035
INDUSTRIAL PROPERTY 1,335.3518
AGRICULTURAL PROPERTY 0.0000
RESlDENTlAL PROPERTY UNDEVELOPED LAND USE: 1 PER NET ACRE
IRESIDENTIAL LOW (RL) $308.2437
RESIDENTIAL LOW MEDIUM (RLM) 845.7228
RESIDENTIAL MEDIUM (RM) 1,354.2693
RESIDENTIAL MEDIUM HIGH (RMH) 2,078.6976
RESIDENTIAL HIGH (RH) 3.047.9404
NON-RESIDENTIAL UNDEVELOPED LAND USE: PER NET ACRE
COMMERCIAL PROPERTY $1.780.4690
INDUSTRIAI; PROPERTY 1,068.2814 ,
[AGRICULTURAL PRoPERTY 1 0.0000 ]
Exhibit 5, Page 3 of 3