HomeMy WebLinkAbout1998-06-23; City Council; 14736; Special Taxes For CFD No. 1AB# ly 3%
MTG. 6123198
DEPT: FIN
TITLE:
ESTABLISH 1998-99 SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 1
CITY MGR
=I
RECOMMENDED ACTION:
Adopt Resolution No. o@ -doY establishing the 1998-99 special tax for the Community Facilities
District No. 1.
ITEM EXPLANATION:
In 1982, the State Legislature responded to the need for a high quality method of financing public
improvements by approving the Mello-Roos Community Facilities Act of 1982. This act allows
voters to approve a special tax to be levied upon their property to fund the construction or
acquisition of facilities or services.
In the City of Carlsbad a Community Facilities District (CFD) is not intended to relieve any property
owner of the responsibility to provide funding for infrastructure improvements related to development. No homeowners in Carlsbad are affected by the City’s CFD because under the
City’s guidelines, any and all tax obligations on residential units must be paid in full when the building permit is issued. When a building permit is issued for non-residential development,
property owners must choose whether to pay the CFD tax in full or pay pass-through taxes for
twenty-five years.
The City of Carlsbad and property owners of specific vacant land in Carlsbad worked together to
form a CFD to provide funding for a variety of infrastructure projects needed to meet growth
management requirements. Vacant land and a small percentage of developed non-residential land located in sixteen Local Facilities Management Zones are currently in the CFD, with other zones
annexing as development plans progress.
Following Mello-Roos legislation, Council held a public hearing and an election and formed Community Facilities District (CFD) No. 1 on May 7, 1991. Through debt financing or available
cash balances, CFD No. 1 will fund the following capital projects:
Civic Facilities
Library
Warehouse Facility
City Hall Veteran’s Memorial Park
l-5 lnterchanqes
Palomar Airport Road La Costa Avenue
Poinsettia Lane
Road Seqments
La Costa Avenue Olivenhain Road
Cannon Road
Faraday Avenue
In June 1991, Council adopted an ordinance putting in place the tax formula for the district
establishing the maximum tax rates that may be levied in CFD No. 1. The maximum tax rate for property within the CFD is adjusted each year by one-half of the annual change in the Los Angeles
inflationary factor in the “Engineering News Record” (ENR) Cost Indexes in 22 Cities. The
maximum tax rate for property not yet included within CFD No. 1 is adjusted by the full ENR
percentage change until the fiscal year of annexation. Although the ordinance established a ceiling
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PAGE TWO OF AGENDA BILL NO. 1% ‘IB 3 6
for future tax rates, it did not create the individual tax levy that will be placed on each parcel. Each
year the City establishes the levy as the funding needs for the next fiscal year are known.
Staff recommendations for the 1998-99 tax levy are presented in Exhibits A and B of the attached
Resolution and show the tax rate schedule for property included within CFD No. 1 at formation as
well as for property annexed thereafter. The maximum tax rates reflect an increase of one-half of
the ENR inflator (0.6%) as described above.
As shown in the Exhibits, the special tax on vacant property planned for future residential
development will decrease from 70% of the maximum tax to 50% of the maximum tax on each
developable acre. The one-time tax levied at the time of building permit issuance on residential
property will decrease from 100% of the maximum tax to 90% of the maximum tax on each
dwelling unit.
The tax on vacant property zoned for future commercial or industrial development is proposed to
be increased from 50% of the maximum tax to 60% of the maximum tax on each developable acre.
Based on current estimates, the tax rate for future commercial or industrial development will need
to be raised to approximately 70% of the maximum tax in 1999-00. These rates were set low
initially at the request of the property owners and were projected to increase over time. The one-
time tax levied at the time of building permit issuance on non-residential property will remain at
100% of the maximum tax per square foot of building area.
Certain non-residential property owners elected not to pay off their CFD obligation at the time
building permits were issued. Instead, they chose to assume an annual special tax for developed
property for twenty-five years. According to the CFD documents, the annual special tax on
developed property shall not exceed 13.81% of the authorized one-time payoff tax for commercial
and industrial property. This percentage rate was determined based on the average cost of bond
financing (11%) plus financing costs.
The proposed 1998-99 tax rate for developed property is 8.7% of each property’s one time payoff
tax. This rate is a decrease from the 9.48% levied last year.
FISCAL IMPACT:
The levying of taxes on parcels within CFD No. 1 will create the necessary cash flow to finance the
construction of the new library, l-5 interchanges, and other major civic and road projects. Setting
the CFD tax at the recommended rates will result in a tax levy on vacant property of about $1.6
million for the 1998-99 fiscal year. The revenue generated by the one-time tax levied at building
permit will be determined by the amount of development activity that occurs. The one-time special
tax, based on growth projections, is estimated to be $6.6 million for the 1998-99 fiscal year.
EXHIBITS:
1. Resolution No. qg-20 Y establishing the 1998-99 special tax for Community Facilities District
No. 1.
* .
RESOLUTION NO. 98-204
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RESOLUTION OF THE CITY COUNCIL OF THE CITY
I
OF CARLSBAD, CALIFORNIA, ESTABLISHING SPECIAL
TAX FOR A COMMUNITY FACILITIES DISTRICT
WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD, CALIFORNIA,
(hereinafter referred to as the “legislative body”), has initiated proceedings, held a public
hearing, conducted an election and received a favorable vote from the qualified electors
relating to the levy of a special tax in a community facilities district, all as authorized
pursuant to the terms and 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. This Community Facilities District shall hereinafter be referred to as
COMMUNITY FACILITIES DISTRICT NO. 1 (hereinafter referred to as the “District”);
and,
WHEREAS, this legislative body, by Ordinance as,authorized by Section 53340
of the Government Code of theState of California, has authorized the levy of a special
tax to pay for costs and expenses related to said Community Facilities District, and this
legislative body is desirous to establish the specific rate of the special tax to be collected
for the next fiscal year.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and correct.
SECTION 2. That the specific rates and amount of the special taxes to be
collected to pay for the costs and expenses for the next fiscal year (1998-99) for the
referenced District is hereby determined and established as set forth in the attached,
I referenced and incorporated Exhibits A and B.
I SECTION 3. That the rate as set forth above does not exceed the amount as
previously authorized by Ordinance of this legislative body, and is not in excess of that as
previously approved by the qualified electors of the District.
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SECTION 4. That the proceeds of the special tax shall be used to pay, in whole
or in part, the costs of the following, in the following order of priority:
A. Payment of principal of and interest on any outstanding authorized bonded
indebtedness;
B. Necessary replenishment of bond reserve funds or other reserve funds;
C. Payment of costs and expenses of authorized public facilities and public
services;
D. Repayment of advances and loans, if appropriate. The proceeds of the
special taxes shall be used as set forth above, and shall not be used for any other
purpose.
SECTION 5. The annual 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 same procedure and sale in cases of any delinquency for ad valorem
taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative
costs incurred in collecting any said special tax.
SECTION 6. All monies above collected shall be paid into the Community
Facilities District funds, including any bond fund and reserve fund.
SECTION 7. The Finance Director is hereby directed to calculate the installment
of the annual special tax for each parcel within the District and provide a list of those
special taxes to the Auditor of the County. The Auditor of the County is hereby directed
to enter in the next County assessment roll on which taxes will become due, opposite
each lot or parcel of land affected in a space marked “public improvements, special tax”
or by any other suitable designation, the installment of the special tax.
SECTION 8. The County Auditor shall then, at the close of the tax collection
period, promptly render to this Agency a detailed report showing the amount and/or
amounts of such special tax installments, interest, penalties and percentages so
collected and from what property collected, and also provide a statement of any
1 PASSED, APPROVED AND ADOPTED by the City Council of the City of
2 Carlsbad at its regular meeting held on the 23rd day of June , 1998, by the
3 following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard and Hall
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NOES: None
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ABSENT: 6
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ATTEST: 10
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percentages retained for the expense of making any such collection.
EXHIBIT A
Page 1
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ORIGINALLY IN THE DISTRICT MAY 7,199l
FISCAL YEAR 1997-98
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
FISCAL YEAR 1998-99
MAXIMUM TAX
TAX RATES
?ESlDENTlAL
RL $297
RLM 815
RM 1,366
RMH 2,094
RH 2,948
JON-RESIDENTIAL
COMMERCIAL $2,533
INDUSTRIAL 1,267
‘AX RA TE IMPROVEMENT AREA II:
(70% OF MAXIMUM)
$208
570
956
1,466
2,063
(50% OF MAXIMUM)
$1,267
I
$298
820
1,374
2,107
2,966
$2,548
633 1 1,274
(50% OF MAXIMUN
$149
410
687
1,053
1,483
(60% OF MAXIMUM
$1,529
764
{ESIDENTIAL
RL
RLM
RM
RMH
RH
ION-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
$292
802
1,284
1,972
2,891
$1,689
1.013
(70% OF MAXIMUM)
$205
561
899
1,380
2,024
(50% OF MAXIMUM)
$844
507
$294
807
1,292
1,983
2,908
$1,699
1.019
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(50% OF MAXIMUM)
$147
403
646
992
1,454
(60% OF MAXIMUM)
$1,019
612
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48% I 1998-99 I 8.69% I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
. . .
EXHIBIT A
Page 2
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993/94
PROPERTY
TYPE
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
MAXIMUM TAX MAXIMUM TAX
TAX RATES TAX RATES
TAXRATE 1MPROVEMENTAREA 1:
RESIDENTIAL
RL
RLM .
RM
RMH
RH
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
(70% OF MAXIMUM) (5wb OF MAXIMUM
$307 $215 $309 $154
844 591 849 424
1,415 990 1,423 711
2,169 1,518 2,182 1,091
3,053 2,137 3,072 1,536
(5C% OF MAXIMUM) (60% OF MAXIMUM
$2,624 $1,312 $2,639 $1,584
1.312 656 1,320 792
TAXRATE IMPROVEMENTAREA II:
RESIDENTIAL (70% OF MAXIMUM) (so% OF MAXIMUM:
RL $303 $212 $305 $152
RLM 831 582 836 418
RM 1,330 931 1,338 669
RMH 2,043 1,429 2,054 1,027
RH 2,994 2,096 3,012 1,506
‘JON-RESIDENTIAL (50% OF MAXIMUM) (60% OF MAXIMUM]
COMMERCIAL $1,749 $875 $1,760 $1,056
INDUSTRIAL 1,049 525 1,056 633
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48%
1998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERN WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. I.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 3
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1994195
PROPERTY
TYPE
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
MAXIMUM TAX MAXIMUM TAX
TAX RATES TAX RATES
TAXRATE IMPROVEMENTAREA I:
RESIDENTIAL (70% OF MAXIMUM) (50% OF MAXIMUM)
RL $311 $217 $312 .$156
RLM 853 597 858 429
RM 1,430 1,001 1,439 719
RMH 2,193 1,535 2,206 1,103
RH 3,087 2,161 3,105 1,553
NON-RESIDENTIAL (50% OF MAXIMUM) (60% OF MAXIMUM)
COMMERCIAL $2,652 $1,326 $2,668 $1,601
INDUSTRIAL 1,326 663 1,334 800
TAX RATE IMPROVEMENT AREA II:
RESIDENTIAL (70% OF MAWMUM) (50% OF MAXIMUM)
RL $306 $214 $308 $154
RLM 840 588 845 422
RM 1,345 941 1,353 676
RMH 2,064 1,445 2,077 1,038
RH 3,027 2,119 3,045 1,523
NON-RESIDENTIAL (50% OF MAXIMUM) (60% OF MAXIMUM)
COMMERCIAL $1,768 $884 $1,779 $1,067
INDUSTRIAL 1,061 530 1,067 640
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY I % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48%
1998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERlY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 4
CITY OF CARLSBAD
COMMUNIW FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1995-96
PROPERTY
TYPE
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
MAXIMUM TAX MAXIMUM TAX
TAX RATES TAX RATES
TAXRATE IMPROVEMENT AREA I:
?ESIDENTlAL
RL $311
RLM 853
RM 1,430
RMH 2,193
RH 3,087
JON-RESIDENTIAL
COMMERCIAL $2,652
INDUSTRIAL 1.326
(70% OF MAXIMUM
$217
597
1,001
1,535
2,161
(50% OF MAXIMUM
$1,326
663
$313
858
1,438
2,206
3,105
$2,668
1.334
(50% OF MAXIMUM)
$156
429
719
1,103
1,553
(60% OF MAXIMUM)
$1,601
800
TAX RATE IMPROVEMENT AREA II:
RESIDENTIAL (70% OF MAXIMUM) (50% OF MAXIMUM)
RL $306 $214 $308 $154
RLM 840 588 845 422
RM 1,345 941 1,353 676
RMH 2,064 1,445 2,077 1,038
RH 3,027 2,119 3,045 1,553
NON-RESIDENTIAL (50% OF MAXIMUM) (63% OF MAXIMUM)
COMMERCIAL $1,768 $884 $1,779 $1,067
INDUSTRIAL 1,061 530 1,067 640
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48%
1998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY IMTHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 5
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1996-97
FISCAL YEAR 1997-98
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
FISCAL YEAR 1998-99
MAXIMUM TAX
TAX RATES
RESIDENTIAL
RL
RLM
RM
RMH
RH
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL 1,327
TAX RATE IMPROVEMENT AREA II:
$311
854
1,431
2,195
3,090
$2,655
(70% OF MAXIMUM
$218
598
1,002
1,536
2,163
(50% OF MAXIMUM
$1,327
664
RESIDENTIAL
RL
RLM
RM
RMH
RH
‘JON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
$306
841
1,346
2,066
3,030
(70% OF MAXIMUM
$214
588
942
1,446
2,121
(50% OF MAXIMUM
$885
531
$313
859
1,440
2,209
3,108
$2,671
1,335
(50% OF MAXIMUM
$156
430
720
1,104
1,554
(60% OF MAXIMUM
$1,602
801
$308
846
1,354
2,079
3,048
$1,781
1.068
(50% OF MAXIMUM
$154
423
677
1,039
1,524
(60% OF MAXIMUM
$1,068
641
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48%
1998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 6
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY MAXIMUM TAX MAXIMUM TAX
TYPE TAX RATES TAX RATES
WXRATE IMPROVEMENT AREA 1:
?ESIDENTIAL
RL $313 na $315
RLM 859 na 864
RM 1,440 na 1,449
RMH 2,208 na 2,221
RH 3,108 na 3,127
ION-RESIDENTIAL
COMMERCIAL $2,671 na $2,687
INDUSTRIAL 1,335 na 1,343
XX RA TE IMPROVEMENT AREA II:
(50% OF MAXIMUM
$157
432
724
1,111
1,563
(60% OF MAXIMUM;
$1,612
806
LESIDENTIAL
RL
RLM
RM
RMH
RH
ION-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
$308 na $310
846 na 851
1,354 na 1,362
2,079 na 2,091
3,048 na 3,066
$1,780
1.068
na
na
$1,791
1.075
(50% OF MAXIMUM)
$155
425
681
1,046
1,533
(60% OF MAXIMUM)
$1,075
645
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
1997-98 9.48%
1998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATlON RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
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CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATE FOR FISCAL YEAR 1996-89
SPECIAL DEVELOPMENT TAX - ONE-TIME
EXHIBIT B
Page 1
T
IAY 7, 195 FY 1993-9~
FORMATIC OR ANNE:
FY 1994-9! N 19959
rlON OATI
‘y 1996-S v 1997-S =Y 1998-9
$4,254.32 $4,406.5(3 $4.454.45 $4,454.4E $4,458.x $4,485.4: $4,512.21
4,254.32 4,406s 4,454.45 4,454x 4,458s 4,485.4! 4,512.2r
2,685.23 2.781.2.E 2,811.55 2,811.5E 2,814.35 2,831 .ld 2,848.0;
2,685.2? 2,781.2f 2,811.55 2,811.5E 2,814.x 2,831.l~ 2,848.0;
2,685.23 2,781.2e 2,811.55 2,811.55 2,814.3f 2,831 .I4 2,848.0;
$8.61 $8.92 $9.02 $9.02 $9.03 69.Of $9.1:
3.62 3.75 3.79 3.79 3.75 3.82 3.84
6.70 6.94 7.01 7.01 7.02 7.of 7.11
13.62 14.11 14.26 14.26 14.2e 14.x 14.4E
19.18 19.86 20.08 20.08 20.1c 20.2; 20.34
7.04 7.29 7.37 7.37 7.38 7.42 7.47
18.59 19.26 19.47 19.47 19.45 19.6c 19.72
3.17 3.29 3.32 3.32 3.33 3.3s 3.37
3.08 3.19 3.22 3.22 3.23 3.25 3.27
4.50 4.66 4.71 4.71 4.72 4.75 4.77
29.00 30.03 30.36 30.36 30.39 30.57 30.76
3.42 3.54 3.58 3.58 3.58 3.6c 3.63
3.25 3.37 3.40 3.40 3.41 3.42 3.45
8.26 8.66 8.65 8.65 8.66 8.71 8.76
3.07 3.18 3.21 3.21 3.22 3.24 3.25
11.29 11.69 11.82 11.82 11.83 11.90 11.97
2.47 2.56 2.59 2.59 2.59 2.61 2.62
4.12 4.27 4.31 4.31 4.32 4.34 4.37
3.68 3.82 3.86 3.86 3.86 3.88 3.91
2.47 2.56 2.59 2.59 2.59 2.61 2.62
2.27 2.35 2.38 2.38 2.38 2.40 2.41
2.33 2.41 2.43 2.43 2.44 2.45 2.47
4.52 4.68 4.74 4.74 4.74 4.77 4.80
2.62 2.72 2.75 2.75 2.75 2.77 2.78
15.77 16.33 16.51 16.51 16.53 16.62 16.72
2.86 2.96 2.99 2.99 2.99 3.01 3.03
6.86 7.10 7.18 7.18 7.19 7.23 7.27
2.72 2.82 2.85 2.85 2.85 2.87 2.88
3.11 3.22 3.26 3.26 3.26 3.28 3.30
2.83 2.94 2.97 2.97 2.97 2.99 3.01
2.57 2.66 2.69 2.69 2.69 2.71 2.73
29.88 30.95 31.28 31.28 31.32 31.50 31.69
5.42 5.61 5.67 5.67 5.68 5.71 5.74
3.56 3.68 3.72 3.72 3.73 3.75 3.77
2.44 2.53 2.56 2.56 2.56 2.57 2.59
30.22 31.30 31 .a4 31.64 31.67 31.86 32.05
6.98 7.23 7.30 7.30 7.31 7.35 7.40
16.11 16.68 16.86 16.86 16.88 16.98 17.08
5.85 6.06 6.13 6.13 6.13 6.17 6.21
8.08 8.35 8.44 8.44 8.45 8.50 8.55
2.40 2.49 2.51 2.51 2.52 2.53 2.55
2.27 2.35
1.85 1.91
2.38
1.93
2.38
1.93
2.38
1.94
2.40 2.41
1.95 1.98
RL (0 - 1.5 DU/AC)
RLM (1.51 TO 4.0 DUIAC)
RM (4.1 TO 8.0 DU/AC)
RMH (8.1 TO 15.0 DUIAC)
RH (15.1 TO 23.0 DU/AC)
NON-RESIDENTIAL (PER SQFT.):
(100% of the maximum tax)
AUTO - GASOLINE
AUTO - REPAIR 8 SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S&L-WALKIN
S 8 L -WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2?&
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES
1
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATE FOR FISCAL YEAR 1998-99
SPECIAL DEVELOPMENT TAX - ONE-TIME
EXHIBIT B
Page 2
T
IAY 7,199 v 1993-S
$3,664.71
3,664.71
2.20934
2,209.34
2,209.34
RESIDENTIAL (PER DWELLING UNIT):
(90% of the maximum tax)
RL (0 - 1.5 DU/AC)
RLM (1.51 TO 4.0 DU/AC)
RM (4.1 TO 8.0 DU/AC)
RMH (8.1 TO 15.0 DUIAC)
RH (15.1 TO 23.0 DU/AC)
NON-RESIDENTIAL (PER SCLFT.):
(100% d the maximum tax)
AUTO - GASOLINE
AUTO - REPAIR 8 SALES
AUTO CAR WASH
BANK-WALK IN
BANK- WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (’ 100,ooO SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S&L-WALKIN
S B L -WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
1 I
I $3.795.81
3,795.81
2,288.37
2,288.37
2,288.37
I
1 I
I
FY 1994-95 F’f 199596 FY 1996-97 FY 1997-98 Ff 1998-99
rORMATl0 jORANNE$ _j 1 i
$3,837.11 $3,837.11 W&IO.94 $3,863.85 $3,886.90
3J40.94 3.863.85 3,886.90
2,315.58 2,329.39 2J43.29
2,315.58 2,329.39 2J43.29
2.315.58 2.329.39 2J43.29
$3.07
1.68
2.68
4.88
6.07
3.00
5.30
2.06
1.68
1.91
7.16
1.68
2.27
2.72
1.96
3.90
2.37
3.38
2.68
2.37
$3.18
1.74
2.77
5.06
6.29
3.11
5.49
2.13
1.74
1.98
7.41
1.74
2.35
2.82
2.03
4.04
2.45
3.50
2.77
2.45
$3.22 s3.2r
1.7E 1.7;
2.8c 2.82
5.12 5.2
6.37 6.4C
3.15 3.li
5.55 5.5:
2.16 2.li
1.76 1.7i
2.w 2.02
7.50 7.z
1.76 1.7i
2.36 2.4C
2.85 2.87
2.06 2.07
4.08 4.11
2.49 2.5c
3.54 3.56
2.80 2.82
2.48 2.5c
I
7
,
5
1
r
)
r
r
1
i
r
)
,
I
$3.25
1.78
2.84
5.18
6.44
3.19
5.62
2.18
1 .?a
2.03
7.59
1.78
2.41
2.88
2.08
4.13
2.51
3.58
2.84
2.51
1.60
2.02
3.04
1.68
4.68
2.19
2.41
1.86
2.00
1.96
2.20
7.71
2.47
1.71
2.10
8.05
3.28
5.02
3.22
3.69
2.03
3,837.11 3p7.11
2,313.27 2,313.27
2.313.27 2,313.27
2,313.27 2,313.27
$3.21 $3.21
1.76 1.76
2.80 2.80
5.11 5.11
6.36 6.36
3.15 3.15
5.55 5.55
2.16 2.16
1.76 1.76
2.00 2.w
7.49 7.49
1.76 1.76
2.38 2.38
2.85 2.85
2.06 2.06
4.08 4.08
2.48 2.48
3.54 3.54
2.80 2.80
2.48 2.48
1.68 1.68
2.11 2.11
3.18 3.18
1.76 1.76
4.90 4.90
2.29 2.29
2.52 2.52
1.95 1.95
2.09 2.09
2.05 2.05
2.30 2.30
8.07 8.07
2.59 2.59
1.79 1.79
2.20 2.20
8.43 8.43
3.44 3.44
5.26 5.26
3.37 3.37
3.87 3.87
2.12 2.12
1.60 1.60
1.58 L 1.58
1.66
2.09
3.15
1.74
4.85
2.27
2.50
1.92
2.07
2.02
2.28
7.98
2.56
1.77
2.18
8.34
3.40
5.20
3.33
3.83
2.10
1.68 1.69
2.11 2.13
3.18 3.20
1.76 1.77
4.91 4.94
2.29 2.31
2.53 2.54
1.95 1.96
2.09 2.10
2.05 2.06
2.30 2.32
8.08 8.13
2.59 2.61
1.79 1.80
2.20 2.22
a.44 8.49
3.44 3.46
5.26 5.30
3.37 3.39
3.87 3.90
2.13 2.14
1.70
2.14
3.22
1.78
4.97
2.32
2.56
1.97
2.12
2.07
2.33
8.18
2.62
1.81
2.23
8.54
3.48
5.33
3.41
3.92
2.15
1.53
1.51
1.58 1.60 1.61 1.62
L 1.56 1.58 1.59 1.60
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAX RATE AREA II EXCLUDES PROPERN WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES