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HomeMy WebLinkAbout2001-06-12; City Council; 16218; Special Tax For Community Facilities District 1CITY OF CARLSBAD -AGENDA BILL L. AB# I@, gL/ f TITLE: DEPT. IiD.\ b@--- MTG. 06/12/01 ESTABLISH 2001-02 SPECIAL TAX FOR CITY ATTY. ’ COMMUNITY FACILITIES DISTRICT NO. 1 &- DEPT. FIN CITY MGR RECOMMENDED ACTION: Adopt Resolution No. 9 1 0 */6q establishing the 2001-02 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 Library Office/Warehouse Facilities 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 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. PAGE 2 OF AGENDA BILL NO. Ihal d Staff recommendations for the 2001-02 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 property annexed thereafter. The maximum tax rates reflect an increase of one-half of the ENR inflator (1.5%) as described above. The tax on vacant property planned for future residential development will decrease from 40% of the maximum tax on each developable acre to 20% of the maximum. The one-time tax levied at the time of building permit issuance on residential property will also decrease from 90% to 80% 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 40% of the maximum tax to 20% 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 60% of the maximum tax per square foot of building area from the current 90%. 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 2001-02 tax rate for developed property is 8.70% of each property’s one time payoff tax. This rate is unchanged from last year. The tax rates proposed for CFD No. 1 are based on the cash flow requirements needed to fund the remaining projects considering the most recent growth projections for the City and the project schedules as shown in the Capital Improvement Program. The tax rates are adjusted annually and are expected to decrease over time as projects are completed. FISCAL IMPACT: The levying of taxes on parcels within CFD No. 1 has created the necessary cash flow to finance the construction of the l-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 Ranch0 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 $380,000 for the 2001-02 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 $2 million for the 2001-02 fiscal year. An additional $1.2 million 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: . I. Resolution No. dI.X\ - 1 by establishing the 2001-02 special taxes for Community Facilities District No. 1. 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 ia 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 2001-164 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE 2001-02 SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO.1 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, BE IT RESOLVED by the City Council of the City of Carlsbad, California as follows: SECTION 1. 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 2001-02 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. t/t IN Ill 3 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 ia 19 20 21 22 23 24 25 26 27 28 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 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; services; C. Payment of costs and expenses of authorized public facilities and public 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. 1 2. 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 ia 19 20 21 22 23 24 25 26 27 28 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 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 12th day of June 8 2001, by the following vote, to wit: AYES: Council Members Lewis, Ku1 , Finnila, Ny NOES: None. ABSENT: None. CLAUDE A. LEWIS, Mayor ATTEST: LORRAINE M. WOOD, City Clerk 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 PROPERTY TYPE FISCAL YEAR 2000-01 FISCAL YEAR 2001-02 1 MAXIMUM TAX MAXIMUM TAX TAX RATES TAX I RATES RLM RM RMH RH NON-RESIDENTIAL COMMERCIAL NON-RESIDENTIAL COMMERCIAL IT AREA I: ! $307 843 1,413 2,166 3.049 (40% OF MAXIMUM) $123 337 565 868 1,220 (4mff MAXIMUM) $311 655 1,434 2,196 3.095 (2D%OFMAXMUk $62 171 287 440 619 &xl% OF MAXIMVM $2,620 $1,048 $2,659 $532 1,310 524 1,330 266 fT AREA II: 5302 830 1,329 2,039 2,990 $1,747 1,048 (40% OF MAXIMUM) (20% OF MAXIMM $121 $307 $61 332 842 168 531 1,349 270 816 2,070 414 1,196 3,035 607 (40% OF ht4xMl.w) @%oFMAxlMuM $699 $1,773 $355 419 1,064 213 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2091-02 8.70% NOTES: TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THORWGHFARE DISTRICT NO. 1. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. EXHIBIT A Page 2 CITY OF CARLSBAD COMMUNITY FACILITIES DlSTRlCT NO. I TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993/94 FISCAL YEAR 2000-01 FISCAL YEAR 2001-02 PROPERTY MAXIMUM TAX MAXIMUM TAX TYPE TAX RATES TAX RATES TAX RATE IMPROVEMENTAREA I: RESIDENTIAL (40% OF MAXIMUM) (20% OF MAXIMUM) RL $318 $127 $322 $64 RLM 873 349 888 177 RM 1,463 585 1,485 297 RMH 2,243 898 2,277 455 RH 3,158 1,263 3,206 641 UON-RESIDENTIAL (40% OF MAXIMUM) (20% OF MAXIMUM) COMMERCIAL $2,714 $1,086 $2,755 $551 INDUSTRIAL 1,357 543 1,377 275 TAXRATEIMPROVEM, ?ESIDENTIAL RL RLM RM RMH RH JON-RESIDENT& COMMERCIAL INDUSTRIAL Eh I \TAREA II: I $313 859 1,376 2,112 3,097 $1,809 1,086 (40% OF MAXIMUM) $125 $318 344 872 550 1,397 845 2,144 1,239 3,144 (40% OF MAXIMUM) $724 $1,836 434 1,102 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY (2% OF MAXIMUM) TAX ON DEVELOPED PROPERTY MAXIMUM PERCENTAGE % OF ONE-TIME SPECIAL TAX 13.81% 8.700/n NOTES: TAX RATE AREA I INCLUDES PROPERlY 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%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES EXHIBIT A Page 3 UNDEVELOPED PROPERTY FOR PROPERTYANNEXED INTO THE DISTRICT FISCAL YEAR 1994/95 FISCAL YEAR 2000-01 FISCAL YEAR 2001-02 PROPERTY MAXIMUM TAX MAXIMUM TAX TYPE TAX RATES TAX RATES TAXRATE IMPROVEMENTAREA I: RESIDENTIAL (40% OF MAXIMUM) (20% OF MAXIMUM) RL $321 $128 $326 $65 RLM 882 353 898 179 RM 1,479 592 1,501 300 RMH 2,268 907 2,302 460 RH 3,193 1,277 3,240 848 NON-RESIDENTIAL (40% OF MAXIMUM) (20% OF MAXIMUM) COMMERCIAL $2,743 $1,097 $2,784 $557 INDUSTRIAL 1,372 549 1,392 278 TAX RA TE IMPROMMENTAREA II: RESIDENTIAL (40% OF MAXIMUM) (20% OF MAXIMUM) RL $317 $127 $321 $64 RLM 869 347 882 176 RM 1,391 556 1,412 282 RMH 2,135 854 2,167 433 RH 3,131 1,252 3,178 636 NON-RESIDENTIAL (40% OF MAXIMUM) (7.0% OF MAXIMUM) COMMERCIAL $1,829 $731 $1,856 $371 INDUSTRIAL 1,097 439 1,114 223 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2900-01 8.70% 2001-02 8.70% NOTES: TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. TAX RATE AREA II EXCLUDES PROPERPI WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. 8 CITY OF CARLSBAD COMMUNI-IY FACILITIES DISTRICT NO. 1 TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 199596 EXHIBIT A Page 4 FISCAL YEAR 2000-01 PROPERPl MAXIMUM TAX TYPE TAX RATES TAXRATE IMPROVEMENT AREA I: tESIDENTIAL (40% OF WIMLR RL $321 $126 ~~;i!iDEf~ 1 E, f W%OFh$ XX RA TE IMPROYElWENT AREA II: CESIDENTIAL RL RLM RM RMH RH ION-RESIDENTIAL COMMERCIAL INDUSTRIAL $317 869 1,391 2,135 3,131 $1,829 1,097 (4o%oFPdAxlMw $127 347 556 854 1,252 (4O%OFMAxIwN $731 439 4 I 0 FISCAL YEAR 2001-02 MAXIMUM TAX TAX RATES (20% of MAXIMVM $326 $65 896 179 1,501 300 2,302 460 3,240 648 (20% OF M4xMlm $2,784 $557 1,392 278 $321 862 1,412 2,167 3,178 $1,856 1,114 (20% OF MWMUW $64 176 282 433 636 w%fJF- $371’ 223 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIALTAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I. TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. 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 DlSTRldT FISCAL YEAR 199697 FISCAL YEAR 2000-01 PROPERTY MAXIMUM TAX TYPE TAX RATES TAX RATE IMPROVEMENTAREA I: RESIDENTIAL RL $322 RLM 883 RM 1,481 RMH 2,270 RH 3,196 ‘JON-RESIDENTIAL COMMERCIAL $2,746 (40% OF MAXIMUM $129 353 592 908 1,278 (40% OF MAXIMUM $1,098 INDUSTRIAL I 1,373 1 549 TAXRATE IMPROVEMENTAREA II: ?ESIDENTIAL RL $317 RLM 870 RM 1,393 RMH 2,137 RH 3,134 JON-RESIDFNTIAL COMMERCIAL $1,831 INDUSTRIAL 1,098 (40% OF MAXiMUM $127 348 557 855 1,254 (4oK OF MAXIMUM: $732 439 $326 897 1,503 2,304 3,244 $2,787 1,394 $322 883 1,413 2,169 3,181 $1,858 1,115 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY (20% OF MAXIMUM) $65 179 301 461 649 (29% OF MAXIMUM) $557 (20% OF MAXIMUM) $64 177 283 434 636 (20% OF MAxIMUhi) $372 TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% NOTES: TAX RATE AREA I INCLUDES PROPER-I-Y WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I. TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. EXHIBIT A Page 6 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICTNO. 1 TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98 PROPERTY TYPE FISCAL YEAR 2000-01 FISCAL YEAR 2001-02 MAXIMUM I TAX MAXIMUM TAX TAX RATES TAX RATES TAX RATE IMPROVEM, tESIDENTIAL RL RLM RM RMH RH JON-RESIDENTIAJ COMMERCIAL INDUSTRIAL MX RATE IMPROVEM tESIDENTIAL RL RLM RM RMH RH ION-RESIDENTIAL COMMERCIAL INDUSTRIAL fT AREA I: I I (40% OF MAYIMUM)( $323 $129 $328 889 355 902 1,489 596 1,512 2,294 913 2,318 3,215 1,266 3,263 (40% OF FAKWIW) $2,763 $1,105 $2,804 1,381 552 1,402 ‘TAREA II: $319 875 1,401 2,150 3.153 $1,842 1,105 (40% OF MAYIMUM) $126 $324 350 868 560 1,422 860 2,182 1,261 3,200 (40% OF MAYIHUM) $737 $1,869 442 1,122 (20% OF MwMuhA $66 180 302 464 653 (2o%oFwMuM $561 280 @cl%oFh4AxMu~ 565 176 284 436 640 (20% OF MAXIMW $374 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% 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 INFLATlON RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. EXHIBIT A Page 7 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1998-99 FISCAL YEAR 2000-01 PROPERTY MAXIMUM TAX TYPE TAX RATES TAX RATE IMPROVEMENT AREA I: ?ESIDENTIAL (40% OF h4AxM.M) RL $326 $130 RLM 894 358 RM 1,498 599 RMH 2,297 919 RH 3,234 1,294 JON-RESIDENTIAL (4o%oFMAxMuM) COMMERCIAL $2,779 $1,112 INDUSTRIAL 1,389 556 WCRATE IMPROMMENTAREA II: ZESIDENTIAL (40% OF hWUMUM) RL $321 $128 RLM 880 352 RM 1,409 564 RMH 2,163 865 RH 3,171 1,269 JON-RESIDENTIAL (40% OF MAXIMUM) COMMERCIAL $1,853 $741 INDUSTRIAL 1,116 445 FISCAL YEAR 2001-02 MAXIMUM TAX TAX RATES (23% OF MAXIMIJM $330 $66 907 181 1,521 304 2,332 466 3,283 657 fx% OF MAXlMuh4 $2,821 $564 1,410 282 (20% OF MAXlMUM $326 $65 893 179 1,430 286 2,195 439 3,219 644 eu%oFMAwMuM $1,880 $376 1,128 226 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% 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. I. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. EXHIBIT A Page 8 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 199900 PROPERTY TYPE FISCAL YEAR 2000-01 FISCAL YEAR 2001-02 MAXIMUM TAX MAXIMUM TAX TAX RATES TAX RATES ‘AX RATE IMPROVEMA IESIDENTIAL RL IT AREA I: (40% OF MAXIMUM) (20% OF MAXIMW $329 $132 $334 $67 904 382 918 184 1,515 606 1,538 308 2,323 929 2,358 472 3,271 1,308 3,320 664 (40% OF MAxlMlJM) fiQ?b OF M4XlMUh4 $2,811 $1.124 $2,853 $571 1,405 562 1,426 285 RLM RM RMH RH W-RESIDENTIAL COMMERCIAL INDUSTRIAL I ‘IX RATE IMPROVEMENTAREA II: LESIDENTIAL (40?4 OF MAxlMubq (20% OF wxIMlh4) RL $324 $130 $329 $66 RLM 890 356 903 181 RM 1,425 570 1,447 289 RMH 2,188 875 2,220 444 RH 3,208 1,283 3,256 651 ION-RESIDENTIAL, (40% OF w!Mw) (22% OF h!AxIMurq COMMERCIAL $1,874 $749 $1.902 $380 INDUSTRIAL 1,124 450 1,141 228 1 ANNUAL NON-RESIDENTIALTAX - DEVELOPED PROPERTY TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% 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. I. ENGINEERING NEWS RECORD INFLATION RATE WAS 3%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. RLM RM RMH RI-I EXHIBIT A Page 9 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES UNDEVELOPED PROPERTY FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2000-01 FISCAL YEAR 2000-01 PROPERTY MAXIMUM TAX TYPE TAX RATES ‘AXRATEIMPROVEMENTAREA I: {ESIDENTIAL RL $329 904 1.515 2,323 3,271 FISCAL YEAR 2001-02 MAXIMUM TAX TAX RATES $339 933 1,563 2,397 3,374 ION-RESIDENTIAL COMMERCIAL $2,811 (40% OF MAXlMlJM) $132 362 606 929 1,308 (40% OF MAXHUM) $1,124 $2,899 (20% OF MAXIMUM) INDUSTRIAL 1,405 I 562 1,449 -4XRATE IMPROVEMENT AREA II: IESIDENTIAL, (40% OF MAXIMUM) (20% OF MAXIMUM) RL $324 $130 $335 $67 RLM 890 356 918 184 RM 1,425 570 1,470 294 RMH 2,188 875 2,256 451 RH 3,208 1,283 3,308 682 ION-RESIDENTIAL (40% OF MAXIMUM) (22% OF MAXIMUM) COMMERCIAL $1,874 $749 $1,933 $387 INDUSTRIAL 1,124 450 1,180 232 ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERN TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX MAXIMUM PERCENTAGE 13.81% 2000-01 8.70% 2001-02 8.70% 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%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. CR-f OF CARLS5AD COMMUNITY FAClLlTlES OISTRICT NO. 1 TAX RATES FOR FISCAL VEAR Mel-02 SPECIAL DfZVELWMENT TAX - ONE-TIME 15.1 - 23.0 DWACRE PC++RESIDENT&L (PER SQ.FT] (50% dtha h4axbm.m raxj AUTO-GASOLINE AUTO - REPAIR 6 SALES AUTO CAR WASH SANK-WALKIN BAJ% - WITH DRM THRU BowlJNo ALLEY CAMPGROUND CHURCH CoMMERClAL SHOPS COMMUNIM SHOPPING CWl CONVENIENCE h!ARKET DISCOUNT STORE GOLF COURSE GROCERY STORE HEALTHC4US HELIPORTS HOSPITAL - CONVALESCENT HOSPITAL-GENERAL Horn - CONV. FACXOMM. lNDOORspoRTsARENA INDUSTRM - -ERClAL BUSINESS PARK JUNIOR COLLEGE LIBRARY LUMSERMARDWARE STORE MPRINA I Mom NEIGHEDRHOOD SHOPPING CENTfiF OFFICE - GOVERNMEM‘ . OFFICE. HIGH RISE OFFICE-MEDICAL OWDOOR TENNIS COURT RACETRACk REGIONAL SHOPPING CENTER RESORT HOTEL RESTAURANT - FAST FOOD RESTAURANT - auALrtY RESTAURANT- StT !JCWN ISi-L-WbLKi SLL-BlTHDRlVETHRU uNlvER9rrf ALL OTIER COMMERCIAL USES NM IDENTIFIED ASOVE ‘Au OlHSR lNDU5TRlt.L USES NDT IDENTIFIED ABOVE P F< MAY 7,199l M 1993-94 N 19s-95 FYl99E-W I MTION OR NEWTION 1 E M1995-97 FY 1997-95 FY 1995-99 FYls99-00 M2w5-51 $3,945.54 3.946.54 zc190.97 2.490.97 2.490.97 $4.057.72 4,057.72 2.580.07 2.550.07 2.580.07 64.132.19 4.13219 2.505.15 2.508.15 2.605.15 $4.132.19 4.132.1s 2.805.15 2.608.15 2.508.15 $4.135.32 s4.1Bo.99 $4.155.51 $4.233.4( 94.30212 4.135.3i 4.150.99 4,155.81 4233.4l 4.35212 2,610.76 2,525.32 2.641.9s 2.5720; 2.71540 2,610.75 2.525.3.2 2.641.9s 2.672.G-i 2.715.40 2.510.75 2.52532 2.541s 2,572.CC 2.715.49 1.39 $5.53 55.65 ss.66 saw ss.53 $5.72 s5.7e w.Ba 2.27 2.35 2.37 2.37 2.3e 2.39 2.4t 2.42 2.47 4.20 4.35 4.39 4.39 4.40 4.42 4.4: 4.s 4.57 a.53 a.84 8.93 5.93 5.94 a.95 9.0! S.l! 9.30 1201 12.44 12.57 12.57 1258 12.55 12.74 12.58 13.59 4.41 4.57 4.62 4.52 4.52 4.55 4s 4.73 4.81 11.84 12.06 12.19 12.19 12.20 1227 12.1 12.49 12.59 1.99 2.08 2.05 2.08 2.05 2.10 2.11 2.12 2.17 1.93 2.w 2.02 2.02 2.02 2.03 2.04 2.07 210 2.52 2.92 2.95 2.95 2.95 2.97 2.98 3.oi 3.07 18.15 18.51 19.01 19.01 19.03 19.14 19.26 IS.48 19.79 2.14 2.22 2.24 2.24 2.24 2.25 221 2.3c 2.33 2.53 2.11 2.13 2.13 2.13 2.14 2.16 2.15 2.22 5.17 5.36 5.42 5.42 5.42 5.45 5.49 5.55 5.54 1.92 1 .ss 2.01 2.01 2.01 2.03 204 2.08 2.09 7.07 7.32 7.49 7.40 7.44 7M 7.50 7.55 7.70 1.55 130 1.82 1 .a2 1.62 1.63 I.&l I.98 1.59 2.58 287 2.75 2.70 2.70 2.72 2.74 277 251 2.31 2.39 2.42 2.42 2.42 2.43 2.45 247 2.51 1.55 la0 1.52 1.62 1.92 1.53 154 Ha 1.59 9.4 132l 4.51 12.af 2.x 2.1: 3.1; 20.0? 2.31 225 a.?2 213 7.e 1.71 2.85 2.55 l.71 1.42 1.47 1.49 1.49 1.49 1.50 1.51 1.53 1.55 1.57 1.46 1.51 I.52 1.52 1.53 1.54 1.5-I I.55 1.59 1.51 2.53 2.93 2.97 2.97 2.97 2.99 3.00 3.04 3.59 3.13 164 1.70 1.72 1.72 1.72 1.73 1.74 1.75 1.79 I.82 9111 1023 10.34 10.34 10.35 10.41 10.47 10.59 lo.79 10.92 1.79 I.% 1.87 I .a7 1.57 I.89 1.90 1.92 1.95 1.98 4.29 4.45 4.55 4.55 4.50 4.53 4.55 4.51 4.58 4.75 1.70 1.78 1.75 1.75 1.75 1.79 1 .a1 1.63 1.55 1.W 1.95 2.M 2.w 2.54 2.94 2.55 2.07 2.59 2.12 2.15 1.75 I.84 1.55 128 1.86 1.57 I .a8 1.90 1.94 1.93 1.51 I .a7 1 .a5 1.68 1.89 1.70 1.71 1.73 1.75 I.78 15.71 19.35 19.59 IS.59 19.51 19.73 192.4 20.07 20.39 25.70 3.39 3.51 3.55 3.56 3.55 3.57 3.50 3.64 3.70 3.75 223 2.31 2.33 2.33 2.33 2.35 2.36 2.39 243 2.48 153 1.59 I.80 I.60 1.54 1.61 1.52 I.64 1.57 1.69 la.92 19ao 19.m 19.51 19.83 19.95 2o.w 2a30 20.63 20.93 4.37 4.52 4.57 4.57 4.55 4.51 4.53 4.59 4.75 4.83 IO.09 10.45 10.58 10.56 IO.57 10.53 10.70 10.62 10.99 11.15 3.55 3.79 3.54 3.84 3.84 3.55 3.09 3.93 3.99 4.w 5.55 5.23 5.m 528 529 5.32 5.35 5.41 5.50 5.58 1.50 1.56 1.57 157 I.57 1.58 1.59 1.51 1.84 1.68 1 A2 1.16 1.47 120 1.49 121 1.49 I.21 1.49 I.21 1.50 122 1.51 1.53 I .23 124 1.56 12B I.57 125 TIxfUTE-UE%CWOESpRopERTy --Aw) -~MsTRCTHo.l. EMNEWERKX)(ID tNl=dncu RATE WA5 3% - TAX RATES w.lwUlED TO mum rlEclha FiAcas. CllY OF CARLSBAD C0MMUNIl-f FACILITIES DISTRICT NO. I TAX RATES FOR FISCAL YEAR 2001-92 SPECIAL DEVELOPMENT TAX - ONE--ME EMilBIT A Page11 ALIT0 CM WASH BANK-WALKIN BANK-WIMDRNETHRU BOWIJNQALLEY COMMERCIALSHOPS CCMh4UNll-f SHOPPING CENTER CONUENIENCE MARKET DISCOUNT STORE GOLF COURSE GROCERY STORE HOSPITAL-GENERAL Horn - CONK FACAXMM. INDDOR SPORTS ARENA WLMJSTRUL - COlrh(ERCLAL BUSINESS PARK JUNIOR CDLLEGE NEIGHSDRHDDD SHOPPING CENTEF OFFICE - CDMMERCLAL I< loO.OW SF OFFICE - GOMRNMENT OFFICE -HIGH RISE OFFICE - MEMCAJ. REGIONAL SHCPPlNG CENTER RESORT HOTEL RESTAURANT- FAST FDOD RESTAURANT-OUMIM RESTAURANT-SITDOWN S&L-WALKIN S&L-WITHDRIVETHRU ALL OTHER CDMMERCldL USES NDT IDENTIFIED ABOVE ALL OTHER INWSTRlM USES NOT IDENTIFIED ABOVE s3,3ss.59 $3.52120 3.399.59 3.52129 2.od9.51 2.12262 2.94951 2.12282 2.949.51 2.12262 51.92 $1.99 1.05 1.09 I.68 I .74 3.96 317 3.69 3.94 1 .a0 1.95 3.32 3.44 129 1.34 1.05 1.09 120 1.24 4.46 4.64 1.65 1.03 1.42 1.47 I .70 1.76 123 127 2.44 2.53 I.40 1.54 211 2.19 1.66 1.74 u6 154 1.00 I.&4 I .26 1.31 1.90 1.97 1.05 1.09 2.93 3.94 I.37 1.42 1.61 1.56 1.16 121 1.25 129 122 I27 1.38 1 A3 4.63 5.00 1.55 1.60 1 A7 1.11 1.32 1.36 5.94 5.22 2.96 2.13 3.14 3.26 2.01 2.99 2.31 2.40 1.27 1.32 0.96 0.94 0.99 0.98 FORMATIDN OR ANNEKATION C FY Is%-95 FYI995-93 1 FY1996-97 I FY1997-98 I I Q3.559.52 s3.559.52 $3563.07 s3.5w.32 3.55952 3.55952 3.56397 3564.32 2.14592 2.14592 2.146.08 2.16967 2.14592 2.14592 2.146.05 2.16967 2,145.92 2.14592 2.146.06 2.16967 $2.01 $2.01 5201 s2.w 1.10 1.10 1.10 1.11 1.75 1.75 I .76 1.77 320 329 3.21 322 3.98 3.96 3.99 4.01 1.97 I .97 1.97 1.98 3.47 3.47 3.46 3.56 I .35 1.35 I.35 I .36 1.10 1.10 1.10 1.11 125 1.25 125 126 4.69 4.69 4.70 4.72 1.10 1.10 1.10 1.11 1.49 1.49 1.49 1.50 4.76 1.78 1.78 1.79 123 I.29 1.30 2.55 2.65 :z 2.67 1.55 1.65 I.55 1.56 2.21 221 222 223 1.75 1.75 1.76 I.77 1.56 1.66 1.55 I.54 1.05 1.05 1.06 1.03 1.32 1.32 1.32 I.33 1.99 1.99 1.99 2.99 1.10 1.10 1.10 1.11 3.07 3.07 3.07 3.99 1.43 1.43 1.44 I.44 1.56 1.56 1.58 1.59 122 122 122 123 1.31 1.31 1.31 1.32 I.28 126 126 1.29 I.44 1.44 1.44 1.45 5.05 5.05 5.06 5.09 1.62 1.62 1.62 1.63 1.12 1.12 1.12 1.13 1.36 1.36 1.38 1.39 5.28 528 5.26 5.31 2.15 2.15 2.15 217 329 3.29 3.36 3.32 2.11 2.11 211 212 2.42 2.42 2.42 244 1.33 1.33 1.33 1.34 1.00 1.w 1.w 1.01 0.99 0.99 0.99 1.W I I E M 199Es9 ==I== FY 2Wl-02 53.695.70 $3.64669 53.76659 $3.76065 3.695.7a 3646.69 3.79569 3.76965 2.173.76 2.198.48 2234.16 2267.15 2.173.78 2.198.48 2.23416 2267.15 2,173.76 2198.48 2234.16 2.267.16 52.04 $206 t2.M) $2.13 1.11 1.13 1.15 1.16 1.78 1.60 1.83 1.65 324 3.26 3.33 3.36 4.03 4.96 4.15 4.21 294 2.02 2.95 2.96 3.52 3.56 3.62 3.67 1.37 1.36 1.41 1.43 1.11 1.13 1.15 1.16 1.27 I26 1.30 I.32 4.75 4.61 4.88 4.96 1.11 1.13 1.15 1.16 151 1.53 1.55 1.57 I.81 1.83 1.86 1.56 1.30 1.32 1.34 1.36 2.59 2.62 2.66 2.70 1.57 1.59 I.62 1.64 2.24 227 2.30 2.34 1.78 1.60 I.83 1.85 1.57 1.69 1.62 1.6-I 1.06 I.08 1.09 1.11 1.34 1.36 I.38 1.40 2.02 2.94 2.07 2.10 1.11 I.13 1.15 1.16 3.11 3.15 3.29 3.24 1 A5 1.47 1 AS 1.52 1.60 1.62 1.65 I.67 1.23 126 127 129 I .33 I.34 1.36 1.36 1.30 1.31 1.33 I.35 1.46 I.46 1.50 1.52 5.12 5.16 5.26 5.34 1.64 1.66 1.69 1.71 1.14 1.15 1.17 1.18 I.40 I.41 1.44 I.46 5.35 5.41 5.49 5.57 2.18 229 224 2.27 3.34 3.37 3.43 3.46 2.14 2.16 2.29 2.23 2.45 2.46 2.52 2.56 I.35 1.36 I.36 1.40 I.02 I.00 1.03 1.01 1.04 1.03 1.06 1.W TU(lCllTEAIWI~~SPROPERTY--Am)~~DIS7RICTNoI. 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