Loading...
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 - 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. 2 1 2 2 4 5 6 7 0 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 20 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. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 le 19 20 21 22 23 24 25 26 27 28 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