HomeMy WebLinkAbout2000-06-27; City Council; 15798; Establish 2000-01 Special Tax for CFD No. 1TITLE: AB# 151 ’798
MTG. 06/27/00 ESTABLISH 2000-01 SPECIAL TAX FOR 1 DEPT. FIN I COMMUNITY FACILITIES DISTRICT NO. 1 I CITY MGR~ I ClW-Am.@
RECOMMENDED ACTION:
Adopt Resolution No. doo6-a establishing the 2000-01 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.
The City’s CFD affects no homeowners in Carlsbad 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 1-5 Interchanges Road Segments
Library Palomar Airport Road La Costa Avenue
Warehouse Facility La Costa Avenue ’ Olivenhain Road
City Hall Poinsettia Lane Cannon Road
Veteran’s Memorial Park 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 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 2000-01 tax levy are presented in Exhibit A of the attached Resolution
and show the tax rate schedule for property included within CFD No. 1 at formation, as well as for
.. Z 0 r= 2 4
0 z 3 0 0
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Page 2 of Agenda Bill # 7 (? 8
property annexed thereafter. The maximum tax rates reflect an increase of one-half of the ENR
inflator (1.15%) as described above.
Vacant property planned for future residential development will remain constant at 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 also remain constant at 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
reduced from 60% of the maximum tax to 40% of the maximum tax on each developable acre. The
one-time tax levied at the time of building permit issuance on non-residential property is also
proposed to be reduced to 90% of the maximum tax per square foot of building area from the current
100%.
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 (1 1 %) plus
financing costs.
The proposed 2000-01 tax rate for developed property is 8.70% of each property's one time payoff
tax. This rate is unchanged from last year.
FISCAL IMPACT:
The levying of taxes on parcels within CFD No. 1 has created the necessary cash flow to finance the
construction of the 1-5 Interchanges, the new library on Dove Street, La Costa Blvd., Faraday Ave. as
well as other road projects. Future projects to be financed by the CFD include portions of Rancho
Santa Fe Rd., the new Public Works center and eventually a City Hall.
Setting the CFD tax at the recommended rates will result in a tax levy on vacant property of about
$700,000 for the 2000-01 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 $3.5 million for the 2000-01 fiscal year. An
additional $700,000 is anticipated to be collected from the non-residential developed special tax.
The current delinquency rate is approximately 2%. This should not have any significant fiscal impact
because delinquencies are factored into future revenue projections. The CFD will eventually receive
these delinquent taxes; it is just a matter of when the collection occurs.
EXHIBITS:
1. Resolution No. $maestablishing the 2000-01 special tax for Community Facilities District No.
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RESOLUTION NO. 2000-202
RESOLUTION OF THE CITY COUNCIL OF THE CITY
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 the State 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 rate and amount of the special tax to be
collected for fiscal year 2000-01 to pay for the costs and expenses for the referenced
District is hereby determined and established as set forth in the attached, referenced
and incorporated Exhibit A.
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
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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 percentages retained for the expense of making any such
collection.
PASSED, APPROVED AND ADOPTED by the City Council of the City of
Carlsbad at its regular meeting held on the 27thday of June , 2000, by the
following vote, to wit:
AYES: Council Members Lewis, Hall, Finnila, Nygaard, and Kulchin.
AlTEST:
(SEAL)
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 1999-00
PROPERTY MAXIMUM TAX
TYPE TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ORIGINALLY IN THE DISTRICT MAY 7.1991
FISCAL YEAR 2000-01
MAXIM U M TAX
TAX RATES
EXHIBIT A
Page 1
TAX RATE IMPROVEMENT
RESlDENTlAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RFSIDFNTIAL
AREA I:
(40% OF MAXIMUU
$302 $121
829 332
1,390 556
2,131 852
3,000 1,200
$2,578 $1,547
1,289 773
I (BOX OF MAXIMUM
NON-RFSLDFNTIAI
COMMERCIAL
INDUSTRIAL
$307
843
1,413
2,166
3,049
$2,620
1,310
$297
816
1,307
2,006
2.942
(40% OF MAXIMUM
$123
337
565
866
1,220
$1,048
524
(40% OF MAXIMUM
$1.71 8
1,031
(40% OF MAXIMUM
$119
326
523
802
1 ,I 77
$1,031
61 9
(60% OF MAXIMUM
$302
830
1,329
2,039
2,990
$1,747
1,048
(40% OF MAXIMUM
$121
332
53 1
816
1,196
$699
419
(40% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY I % OF ONE-TIME SPECIAL TAX MAXI MUM PERCENTAGE 13.81%
1999-00 I 8.70%
2000-01 8.70%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 2
~~~
$31 3
859
1,439
2.207
3,107
$2,670
1,335
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993/94
(40% OF MAXIMUM)
$125 $318
344 873
576 1,463
883 2,243
1,243 3,158
$1,602 $2,714
801 1,357
(60% OF MAXIMUM)
PROPERTY
$308
a45
1,354
2,078
3,047
$1,780
1,068
TYPE
TAX RATE IMPROVEMA
3EsmMwL
(40% OF MAXIMUM)
$123 $313
338 859
542 1,376
83 1 2,112
1,219 3,097
$1,068 $1,809
(60% OF MAXIMUM)
64 I 1,086
INDUSTRIAL
rAx RATE IMPROVEMA
% OF ONE-TIME SPECIAL TAX + TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE 13.81%
1998-99 8.70%
1999-00 8.70%
iEsloENTlAL
RL
RLM
RM
RMH
RH
JON-RFslnFNTIAL
COMMERCIAL
INDUSTRIAL
FISCAL YEAR 1999-00 1 FISCAL
MAXIMUM I TAX MAXIMUM
TAX I RATES I TAX
IT AREA I:
YEAR 2000-01
TAX
RATES
(40% OF MAXIMUM
$127
349
585
898
1,263
$1,086
543
(40% OF MAXIMUM
(40% OF MAXIMUM
$125
344
550
a45
1,239
$724
434
(40% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 3
MAXIMUM
TAX
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
TAX
RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1994/95
$316
868
1,455
2,231
3,141
$2,699
1,349
PROPERTY
TYPE
(40% OF MAXIMUM
$126
347
582
892
1,256
$1,619
810
(60% OF WMUM
TAX RATE IMPROVEhlf
RESlDENTlAL
RL
RLM
RM
RMH
RH
COMMERCIAL
NON-RFSIDFNTIAL
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE
1998-99
1999-00
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RF.SIDFNTIAL
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.79%
$31 1
855
1,369
2,101
3,080
$1,799
1,080
(40% OF MAXIMUM
$125
342
547
840
1,232
$1,080
648
(60% OF MAXIMUM
FISCAL YEAR 1999-00
MAXIMUM I TAX I
TAX I RATES
$321
882
1,479
2,268
3,193
$2,743
1,372
$31 7
869
1,391
2,135
3,131
$1,829
1,097
(40% OF MAXIMUM
$128
353
592
907
1,277
$1,097
549
(40% OF MAXIMUM
(40% OF MAXIMUM)
$127
347
556
854
1,252
$731
439
(40% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 1999-00
PROPERTY MAXIMUM TAX
TYPE TAX RATES
'AX RATE IMPROVEMENTAREA I:
RL $316 $126
RLM 868 347
RM 1,455 582
RMH 2,231 892
RH 3,141 1,256
ION-RFSIDFNTIAI (60% OF MAXIMUM)
COMM ERClAL $2.699 $1,619
INDUSTRIAL 1,349 810
LEaEmAl (40% OF MAXIMUM)
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1995-96
FISCAL YEAR 2000-01
MAX I M U M TAX
TAX RATES
(40% OF MAXIMUM
$321 $128
882 353
1,479 592
2,268 907
3,193 1,277
(40% OF MAXIMUM
$2,743 $1,097
1,372 549
EXHIBIT A
Page 4
(40% OF MAXIMUM)
$125
342
547
840
1,232
$1,080
648
(60% OF MAXIMUM)
$317
869
1,391
2,135
3,131
$1,829
1,097
'AX RATE IMPROVEM lEsmaIu
RL
RLM
RM
RMH
RH
ION-RFSIDFNTIAI
COMMERCIAL
INDUSTRIAL
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE
1998-99
1999-00
IT AREA II: I
% OF ONE-TIME SPECIAL TAX
13.81 %
8.70%
8.70%
$31 1
855
1,369
2,101
3.080
$1,799
1,080
(40% OF MAXIMUM
$127
347
556
854
1,252
$731
439
(40% OF MAXIMUM
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 5
TAX
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1996-97
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
EION-RFSIDFNTIAI
PROPERTY I TYPE
TAX RATE IMPROVEMl
RESlDENTlAL
RL
RLM
RM
RMH
RH
COMMERCIAL
NON-RF-SIDFNTIAI
$31 2
855
1,370
2,103
3,083
$1,801
1,081
FISCAL YEAR 1999-00 I TAX MAXIMUM
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
1998-99
1999-00
TAX I RATES
IT A REA I:
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
$31 6
869
1,457
2,233
3,144
$2,702
1,351
(40% OF MAXIMUM
$127
348
583
893
1,258
$1,621
810
(60% OF MAXIMUM
INDUSTRIAL
TAXRATE IMPROVEMENT AREA 11:
RESlDENTlAL I I (40% OF MAXIMUM
$125
342
548
84 1
1,233
$1,081
(60% OF MAXIMUM
MA
FISCAL YEAR 2000-01
MAXIMUM I TAX I
$322
883
1,481
2,270
3,196
$2,746
1,373
(40% OF MAXIMUM
$129
353
592
908
1,278
$1,098
549
(40% OF MIMUM:
$31 7
870
1,393
2,137
3,134
$1,831
1,098
(40% OF MAXIMUM
$127
34%
557
855
1,254
$732
439
(40% OF MAXIMUM
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA It EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I.
ENGINEERING NEWS RECORD INFLATION RATE WAS 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 6
PROPERTY
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 1999-00
MAXIMUM TAX
UNDEVELOPED PROP E RTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98
MAXIMUM
TAX
TAX
RATES TYPE I TAX
RESlDENTlAL I I (40% OF MAXIMUY
RATES
RL
RLM
RM
RMH
RH
COM M ERClAL
INDUSTRIAL
IrlnN-RF.SIDFNTIAL
TAXRATE IMPROVEMENT AREA 11:
$31 8
874
1,465
2,247
3,163
$2,718
1,359
RESlDENTlAL RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RFSIDFNIIAL
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
1998-99
1999-00
$314
86 1
1,378
2,115
3,101
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
$1,812
1,087
$127
350
586
899
1,265
$1,631
81 5
(60% OF MAXIMUY
(40% OF MAXIMUM
$125
344
55 1
846
1,241
$1,087
652
(60% OF MAXIMUM
$323
889
1,489
2,294
3,215
$2,763
1.381
$31 9
875
1,401
2.150
3,153
$1,842
1,105
(40% OF MAXIMUY
$129
355
596
91 3
1,286
$1,105
552
(40% OF MAXIMUM
(40% OF MAXIMUM
$126
350
560
860
1,261
$737
442
(40% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 1999-00
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
iESlDENTlAL (40% OF MAXIMUM)
RL $320 $128
RLM 879 352
RM 1,474 590
RMH 2,260 904
RH 3,181 1,273
rlON-RFSIDFNTIAL (60% OF MAXIMUM)
C 0 MM ERC IAL $2,734 $1,640
INDUSTRIAL 1,367 820
TAX RATE IMPROVEMENT AREA Il:
EXHIBIT A
Page 7
FISCAL YEAR 2000-01
MAXIMUM TAX
TAX RATES
(40% OF MAXIMUW
$326 $130
894 358
1,498 599
2,297 91 9
3,234 1,294
(40% OF MAXIMUW
$2,779 $1,112
1,389 556
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1998-99
(40% OF MAXIMUM)
$126
346
555
851
1,248
$1,094
656
(60% OF MAXIMUM)
$321
880
1,409
2,163
3.171
$1,853
1,116
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
UON-RFS IDFNUBL
$316
866
1,386
2,128
3,120
$1,823
1,094
(40% OF MAXIMUW
$128
352
564
865
1,269
$741
445
(40% OF MAXIMUW
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
1998-99
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
11 999-00 I 8.70% I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA It EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 8
FISCAL YEAR 1999-00
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
RESlDENTlAL (40% OF MAXIMUM)
RL $324 NA
RLM 889 NA
RM 1,491 NA
RMH 2.286 NA
RH 3,218 NA
COMMERCIAL $2,765 NA
IN DU STRIAL 1,382 NA
NON-RF.SIDFNTIAI (60% OF MAXIMUM)
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2000-01
MAXIMUM TAX
TAX RATES
(40% OF MAXlMUk
$329 $1 32
904 362
1,515 606
2,323 929
3,271 1,308
(40% OF MAXIMUY
$2,811 $1,124
1,405 562
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1999-00
(40% OF MAXIMUM)
NA
NA
NA
NA
NA
NA
(80% OF MAXIMUM)
NA
$324
1,425
3,208
890
2,188
SI ,874
1,124
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RFSIDFNTIAI
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE
i 998-99
1999-00
IJT AREA It:
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
$31 9
876
1,402
2,152
3,155
$1,843
1,106
(40% OF MAXIMUY
$130
356
570
075
1,283
$749
450
(40% OF MAXIMUY
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. I
TAX RATES FOR FISCAL YEAR 200001
SPECIAL DEVELOPMENT TAX - ONE-TIME
PROPERTY TYPE
EXHlBlTA
Page Q
FORMAT I I
(90% d the Maximum Tax)
0 - 1.5 DU /ACRE
1.51 - 4.0 DUIACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DUIACRE
15.1 - 23.0 DUlACRE fPFw
(90% dlhe Maximum Tax) AUTO -GASOLINE
AUTO - REPAIR 8 SALES
AUTOCARWASH
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. FACICOMM.
INDOOR SPORTS ARENA
INDUSTRWL - COMMERCIAL
BUSINESS PARK JUNIOR COLLEGE
LIBRARY
LUMBERMAROWARE 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 - QUALITV
RESTAURANT - SIT DOWN
S 8 L- WALK IN S 8 L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
NOTES:
MAY 7,1991 FY 1993-94
$4,37425
4.37425
2.760.92
2.760.92
2,760.92
$7.97
3.35
6.20
12.61
17.74
6.51
17.20
2.94
2.85
4.17
26.83
3.16
3.01 7.64
2.84
10.44
2.29 3.81
3.41
2.29
2.10
2.15
4.19
2.43
14.59
2.64
6.35
2.52
2.88
2.62 2.38
27.65
5.01
3.29 2.26
27.98
6.46
14.91
5.41
7.46
2.22
2.10
1.71
54.530.72
4.530.72
2.859.69
2.859.69
2.859.69
FY 1994-95
$4.580.02
4.580.02
2,890.80
2.890.80
2.890.80
58.25 3.47
6.42
13.06
18.38
6.75
17.82
3.04
2.95 4.31
27.79
3.28
3.1 1 7.92
2.94
10.82
2.37 3.95
3.53
2.37
2.18
2.23
4.34
2.51
15.11 2.74
6.57
2.61
2.98
2.72
2.46
28.64
5.19
3.41
2.34
28.96
6.69
15.44
5.61
7.72
2.30
2.18
1.77
u
$8.34
3.51
6.49
13.20
16.58
6.82
18.01 3.08
2.98
4.36
3.31
3.15
8.00
2.97
10.94
2.40
3.99
3.57
2.40
2.20
2.25
4.38
2.54
15.28
2.77 6.65
2.63
3.01
2.75
2.49
28.95
525
3.45
2.37 29.28
6.76
15.61
5.67
7.81
2.32
2 20
1.79
2a.10
FY 1995-96
$4.580.02
4.580.02
2.890.80
2.890.80
2.890.80
$8.34
3.51
6.49
13.20
18.56
6.82
18.01
3.08
2.98
4.36
28.10
3.31
3.15
8.00
2.97
10.94
2.40
3.99 3.57
2.40
2.20
2.25
4.38
2.54
15.28
2.77 6.65
2.63
3.01
2.75
2.49
28.95
5.25
3.45
2.37 29.28
6.76
15.61
5.67
7.81
2.32
2.20
1.79
FY 1996-97
$4.584.59
4.584.59
2,893.69
2.893.69
2,893.69
$8.35
3.51
6.50
13.21
18.60
6.83 18.03
3.08
2.99
4.37
28.12 3.32
3.15
8.01
2.98
10.95
2.40
4.00
3.57
2.40
2.20
2.26
4.39
2.54
15.29 2.77
6.65
2.64
3.02
2.75
2.49
28.98
5.25
3.45
2.37 29.31
6.77
15.62
5.67
7.82 2.33
2.20
1.79
ON DATE
FY 1997-98
54,611.94
4,611.94
2,910.95
2,910.95
2,910.95
$8.40
3.53
6.54
13.29
18.71
6.87
18.14 3.10
3.00
4.39
28.29
3.34
3.17
8.08
2.99 11.01
2.41
4.02 3.59
2.41
2.22
2.27 4.41
2.56
15.38
2.79
6.69
2.65
3.04
2.77
2.51
29.15 5.28
3.47
2.38
29.48 6.81
15.71
5.71
7.86
2.34
2.22
1 BO
FY 1998-99
54.639.44
4.639.44
2.928.31
2.928.31 2.928.31
58.45
3.55
13.31
18.82
6.91
3.12
3.02
4.42
3.36 3.19
8.1 1
3.01
11 .oe
2.43
4.04
3.62
2.43
2.23
2.28
4.44
2.57
15.48
2.80
6.73
2.67 3.05
2.78
2.52
29.32
5.31
3.49
2.40
29.66 6.85
15.81
5.74
7.91
2.36
2.23
1 .a1
6.5e
I 8.25
za.46
FY 199900
S4.692.1E
4.692.1 5
2,961.6C
2,961.8C
2,961.60
$8.55
3.59
6.65
13.52
19.03
6.99
18.45
3.15
3.06
4.47
28.78
3.39 3.23
8.20
3.05
11.20 2.46
4.09
3.68
2.46
2.26
2.31
4.49
2.60
15.85
2.84
6.81
2.70 3.09
2.81
2.55
29.66
5.38
3.53
2.42
30.00
6.92
15.99
5.81
8.00
2.38
2.26
1.83
FY 2000-01
$4.768.3!
4.768.3!
3.009.61
3.009.61
3.009.61
$8.8$
3.6! 6.71
13.74
19.3
7.1(
18.7!
3.2L
3.1 1
4.54
29.2!
3.4:
3.2I 8.X
3.1C
11 31
2.50
4.16
3.72 2.50
2.29
2.s
4.56
2.65
15.91
2.88
6.92
2.74 3.14
2.86
2.59
30.14
5.48
3.59
2.46
30.48
7.04
16.25
5.90
8.13
2.42
2.29
1.86
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2000-01
SPECIAL DEVELOPMENT TAX - ONE-TIME
-
PROPERTY TYPE FORMATI(
TAXRATEIMPROVEMENTAREA II: MAY 7.1991
EXHIBIT A
Pqo 10
(90% of the Maximum Tax)
0 - 1.5 DU IACRE
1.51 - 4.0 DUIACRE
4.1 - 8.0 DUIACRE
8.1 - 15.0 DUlACRE
15.1 -23.0 DUIACRE
(90% dthe Maximum Tax)
AUTO - GASOLINE AUTO - REPAIR B SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRNE 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. FACICOMM.
INDUSTRIAL -COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE LIBRARY
LUMBEWARDWARE STORE
MARINA MOTEL
INDOOR SPORTS ARENA
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (e 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 B L - WALKIN
S B L -WITH DRNE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
$3.168.02 3.768.02
2.211 62
2.271.62
2.211.62
52.84
1.55
2.48
4.52
5.62
2.78
4.90
1.91
1.55
1.77
6.62
1.55
2.10
2.52
1.82
3.61
2.19
3.12
2.48
2.19
1.48
1 .e7
2.81
1.55
4.33
2.02
2.23
1 .12
1 .85
1 .a1
2.03 7.13
2.29
1.58
1.95
1.45 3.04
4.65
2.98
3.42
1 .88
1.41
1.40
FY 1993-94 FY 1994-95
$3,902.81
3.902.81
2.352.88
2.352.86
2.352.88
52.94
1.61 2.56
4.68
5.82
2.88
5.08
1.97
1.61
1.83
6.86
1.61
2.18
2.61
1 .a3 3.73
221
324
2.56
227
1.54
1.93
2.91
1.61
4.49
2.10
2.31
1.78
1.91
1 .81 2.1 1
7.39
2.37
1.64
2.02
7.11
3.14
4.81
3.08
3.54
1.94
1.47
1.45
53,945.28
3.94528
2.378.48
2.318.48
2.318.48
52.97 1.63
2.59
4.73
5.88 2.91
5.13
2.00
1.63
1 .a5
6.93
1.63
2.20
2.63
1.90
3.78
2.29
3.27 2.59
2.29
1.55 1.95
2.94
1.63
4.54
2.12
2.34
1 .eo
1.93
1 .89 2.13
7.47
2.40
1.66
2.04 7.80
3.18
4.87
3.12
3.56
1.96
1.48
1.46
I I
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 3.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
FY 1-96
$3.945.28
3.94528
2.376.48
2.318.48
2.376.48
52.97
1.63
2.59
4.13 5.88
2.91
5.13
2.00 1.63
1.85
6.93
1.63
2.20
2.63
1.90
3.78
2.29
3.27
2.59
2.29
1.55 1.95
2.94
1.63
4.54
2.12
2.34
1 .eo
1.93
1 .89
2.13
7.41
2.40
1.66 2.04
7.80
3.18
4.87
3.12
3.58
1.96
1 A8
1.46
FY 1996-97
$2,949.22
3.949.22
2.380.86
2.380.86
2.380.86
52.98
1.63
2.60
4.74
5.89
2.91
5.14
2.00 1.63
1.85
6.94
1.63
2.20
2.64
1.91
3.78
2.30
3.27
2.60
2.30
1.55
1.96
2.95
1.63 4.54
2.12
2.34
1 .a0
1.94
1 .89
2.13
1.48
2.40
1.66 2.04
7.81
3.18 4.87
3.12
3.58
1.97
1.48
1.46
ON DATE
FY 1997-98
$3.972.77
3.912.17
2.395.06
2.395.06
2.395.06
$2.99
1.64
2.81
4.17
5.93
2.93
5.17
2.01
1.64
1 .66
6.98
1 .a
2.22
2.65
1.92
3.80
2.31
3.29
2.61
2.31
1.56
1.91
2.96
1.64 4.57
2.13
2.35
1 .e1
1.95
1.91
2.14
1.52
2.41
1.67
2.05
7.85
3.20 4.90
3.14
3.61
1.98
1.49
1.41
FY 1998-99 I FY 199940 1 FY 2000-01
53.996.41
3.996.47
2,409.34
2,40934
2.409.34
53.01
1.65
2.63
4.79
5.96
2.95
5.20
2.02
1.65
1 .88
7.02
1.65 2.23
2.61
1.93
3.82
2.32
3.31
2.63
2.32
1.57
1.98
2.98
1.65
4.60
2.15
2.37
1.82
1.96
1.92
2.16
7.57
2.43
1.68
2.06
7.90
3.22
4.93
3.16
3.63
1.99
1.50
1.48
$4.041.90
4.041.90
2,436.74
2,436.14
2.436.14
$3.05
1.67
2.66
4.85
6.03
2.98
5.28
2.04
1.67
1.90
7.t0 1.67
2.26
2.70
1.95
3.87
2.35 3.35
2.66
2.35
1.59
2.00
3.01
1.67
4.65
2.17
2.39
1.84
1.98
1.94
2.18
7.65
2.46 1.70
2.09
1.99
3.26
4.99
3.19
3.67
2.01
1.52
1 SO
$4,107.51
4,107.51
2,476.29
2.476.29
2.47629
$3.10
1.69
2.70
4.93
6.13
3.03
5.34
2.08
1.69
1.93
7.22 1.69
2.29
2.74
1.98
3.93
2.39
3.41
2.70
2.39
1.62
2.04
3.08
1.69
4.72
2.21
2.43
1 .87
2.01
1.97
2.22
7.78
2.50
1 .12
2.12
8.12
3.31
5.07
3.25
3.73
2.05
1 .w
1.52