HomeMy WebLinkAbout2003-06-24; City Council; 17220; Special Tax Community Facilities District No. 1CITY OF CARLSBAD -AGENDA BILL
AB# 17,220 I- TITLE: I DEPT. HD. /*+
MTG. 06/24/03 ESTABLISH 2003-04 SPECIAL TAX FOR CITY ATTY. I COMMUNITY FACILITIES DISTRICT NO. I
DEPT. FIN I I CITY MGR
RECOMMENDED ACTION:
Adopt Resolution No. 2003-171
District No. 1.
, establishing the 2003-04 special tax for Community Facilities
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 of providing 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 25 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 16 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
OITiceNVarehouse Facilities 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.
PAGE 2 OF AGENDA BILL NO. 17,220 I
Staff recommendations for the 2003-04 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 (0.9%) as described above.
For property planned for future residential development, staff is recommending that the City again
levy no tax on vacant property while decreasing the one-time tax levied at the time of building
permit issuance from 70% to 60% of the maximum tax on each dwelling unit.
The tax on vacant property zoned for future commercial or industrial development is proposed to
decrease from 20% of the maximum tax on each developable acre to zero. The one-time tax levied
at the time of building permit issuance on non-residential property is proposed to remain the same,
at 60% 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 25 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 (I 1 %) plus financing costs.
The proposed 2003-04 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 1-5 Interchanges, the Carlsbad library on Dove Street, La Costa Boulevard,
Faraday Avenue, and other road projects. Future projects to be financed by the CFD include
portions of Rancho Santa Fe Road, the new Public Works Center, and eventually a City Hall
complex.
Setting the CFD tax at the recommended rates will result in no tax levy on vacant property for the
2003-04 fiscal year. The revenue generated by the one-time tax levied at building permit issuance
will be determined by the amount of development activity that occurs. The one-time special tax for
residential property, based on growth projections, is estimated to be $1.7 million for the 2003-04
fiscal year. An additional $1.3 million is anticipated to be collected from the non-residential
developed special tax.
EXHIBITS:
1. Resolution No. 2003-171 , establishing the 2003-04 special taxes for Community Facilities
District No. 1.
DEPARTMENT CONTACT: Lisa Hildabrand; (760) 602-241 5; Ihild@ci.carlsbad.ca.us
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RESOLUTION NO. 2003-171
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO.l
OF CARLSBAD, CALIFORNIA, ESTABLISHING THE 2003-04
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 2003-04 to pay for the costs and expenses for the referenced District are hereby
determined and established as set forth in the attached, referenced and incorporated Exhibit A.
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SECTlON3. 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;
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 Audhor 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.
''I Resolution No. 2003-171, page 2 of 3
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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 24th day of JUNE , 2003, by the following
vote, to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard
NOES: None
ABSENT: Council Member Finnila
ATTEST:
(SEAL)
Resolution No. 2003-171, page 3 of 3
,
MAXIMUM
EXHIBIT A
Page 1
TAX PROPERTY
TYPE
TAX RATE IMPROVEMt
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
TAX
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ORIGINALLY IN THE DISTRICT MAY 7, 1991
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMM ERClAL
INDUSTRIAL
NON-RESIDENTIAL
(0% OF MAXIMUM
$310 $0
85 1 0
1,362 0
2,091 0
3,065 0
$1,791 $358
1,074 215
(20% OF MAXIMUM
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03 I
3M.1-nA
$314
864
1,448
2,220
3,126
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
R 7no~
$2,686
1,343
(0% OF MAXIMUM
$0
0
0
0
0
$537
269
(20% OF WMUM
FISCAL YEAR 2003-04
MAXIMUM
$317
872
1,461
2,240
3,154
$2,710
1,355
(0% OF MAXIMUM
$0
0
0
0
0
$0
(0% OF MAXIMUM
$313
858
1,374
2,109
3,093
$1,807
1,084
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(0% OF MAXIMUM)
$0
0
0
0
0
$0
(0% 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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 2
PROPERTY
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993/94
FISCAL YEAR 2002-03 I FISCAL YEAR 2003-04
MAXIMUM I TAX I MAXIMUM I TAX
TYPE TAX I RATES TAX RATES
RLM
RM
RMH
RH
COMMERCIAL
ION-RESIDENTIAL
.AX RATE IMPROVEMENT AREA I:
RL $326 $0
tESIDENTIAL (0% OF MAXIMUM)
895
1,500
2,300
3,238
(0% OF MAXIMUM
$329 $0
$2,782
INDUSTRIAL 1,391
lESl DENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
ION-RESIDENTIAL
(0% OF MAXIMUM)
$0 0
0
0
$371
223
0
1 (20% OF MAXIMUM)
$321
881
1,411
2,165
3,175
$324
889
1,423
3,204
$1,871
1,123
2,185
$1,855
1,113
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03 I
2003-04
0
0
0
0
$556
278
(20% OF MAXIMUM
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
903
1,514
2,321
3,267
$2,807
1,404
0
0
0
0
$0
(0% OF MAXIMUM
0
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
~ ~~
(0% OF MAXIMUM
$0
0
0
0
0
$0
0
(0% 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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
7
EXHIBIT A
Page 3
FISCAL YEAR 2002-03
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAXRATE IMPROVEMENT AREA I:
RESIDENTIAL (0% OF MAXIMUM)
RL $329 $0
RLM 905 0
RM 1,516 0
RMH 2,325 0
RH 3,273 0
COMMERCIAL $2,812 $562
IN DUSTRIAL 1,406 281
NON-RESIDENTIAL (20% OF MAXIMUM)
TAX RATE IMPROVEMENT AREA 11:
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2003-04
MAXIMUM TAX
TAX RATES
(0% OF MAXIMUM)
$332 $0
91 3 0
1,530 0
2,346 0
3,302 0
. $2,838 $0
1,419 0
(0% OF MAXIMUM)
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1994/95
\
(0% OF MAXIMUM)
$0
0
0
0
0
$375
225
(20% OF MAXIMUM)
$328
899
1,439
2,209
3,238
$1,892
1,135
RESIDENTIAL
NON-RESIDENTIAL
COMMERCIAL
IN DUSTRIAL
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE
2002-03
2003-04
$325
89 1
1,426
2,189
3,210
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
$1,875
1,125
(0% 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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
\
EXHIBIT A
Page 4
PROPERTY
TYPE
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2002-03
MAXIMUM TAX
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1995-96
RESIDENTIAL (0% OF MAXIMUM ~~ RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
$329 $0
905 0
1,516 \ 0
2,325 0
3,273 0
$2,812 $562
1,406 28 1
(20% OF MAXIMUM
TAX RATE IMPROVEML
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
TAXONDEVELOPEDPROPERTY
MAXIMUM PERCENTAGE
2003-04
2002-03 I
IT AREA 11:
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
$325
89 1
1,426
2,189
3,210
$1,875
1,125
(0% OF MAXIMUM
$0
0
0
0
0
$375
225
(20% OF MAXIMUM
FISCAL YEAR 2003-04
MAXIMUM TAX
TAX I RATES
$332
913
1,530
2,346
3,302
$2,838
1419
(0% OF MAXIMUM:
$0
0
0
0
0
$0
(0% OF MAXIMUM:
n
$328
899
1,439
2,209
3,238
$1,892
1,135
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(0% OF MAXIMUM:
$0
0
0
0
0
$0
(0% OF MAXIMUM:
\
NOTES:
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. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
?
EXHIBIT A
Page 5
PROPERTY
TYPE
rAX RATE IMPROVEMENT
RL
tESI DENTIAL
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1996-97
FISCAL YEAR 2002-03
MAXIMUM TAX
TAX RATES
AREA I:
(0% OF MAXIMUM
$330 $0
INDUSTRIAL
RLM
RM
RMH
RH
COMMERCIAL
JON-RESIDENTIAL
1,408 I 282
906
1,518
2,327
3,276
$2,815
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03
0
0
0
0
$563
(20% OF MAXIMUM
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
tESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
JON-RESIDENTIAL
$325
89 1
1,428
2,191
3,213
$1,877
1 .I26
(0% OF MAXIMUM
$0
0
0
0
0
$375
(20% OF MAXIMUM
225
t
FISCAL YEAR 2003-04
MAXIMUM I TAX
TAX I RATES
$333
914
1,531
2,348
3,306
$2,840
1,420
(0% OF MAXIMUM
$0
0
0
0
0
$0
(0% OF MAXIMUM
$328
899
1,440
2,211
3,242
$1,894
1,136
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(0% OF MAXIMUM
$0
0
0
0
0
$0
(0% OF MAXIMUM
0
12003-04 I I 8.70% 1
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
\ CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2002-03
PROPERTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL (0% OF MAXIMUM)
RL $332 $0
EXHIBIT A
Page 6
FISCAL YEAR 2003-04
MAXIMUM TAX
TAX RATES
(0% OF MAXIMUM
$335 $0
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98
RLM
RM
RMH
RH
COMMERCIAL
IN DUSTRIAL
NON-RESIDENTIAL
91 1 0 919 0
1,527 0 1,541 0
2,341 0 2,362 0
3,296 0 3,325 0
$2,832 $566 $2,857 $0
1,416 283 1,429 0
(20% OF MAXIMUM) (0% OF MAXIMUM
(0% OF MAXIMUM)
$0
0
t 0
0
0
$378
227
(20% OF MAXIMUM)
iESlDENTlAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
ION-RESIDENTIAL
$330
905
1,449
2,224
3,261
$1,905
1,143
1,436
2,204
3,232
$1,888
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(0% OF MAXIMUM)
(0% OF MAXIMUM)
$0
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 7
I PROPERTY
CITY OF CARLSBAD
TAX RATES
COMMUNITY FACILITIES DISTRICT NO. 1
FISCAL YEAR 2002-03
MAXIMUM TAX
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1998-99
MAXIMUM TAX
TYPE TAX RATES
RESIDENTIAL
NON-RESIDENTIAL
COMMERCIAL
INDUSTRIAL
TAX
$329
902
1,445
2,217
3,251
RATES
$1,899
1,140
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
(0% OF MAXIMUM
$0
0
0
3 0
0
$380
228
(20% OF MAXIMUM
(0% OF MAXIMUM
$334 $0
916 0
1,536 0
2,355 0
3,315 0
$2,849 $570
1,424 285
(20% OF MAXIMUM
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
$337
925
1,550
2,376
3,345
(0% OF MAXIMUM
$0
0
0
0
0
$0
0
(0% OF MAXIMUM
$332
910
1,458
2,237
3,280
$1,916
1.150
(0% OF MAXIMUM
$0
0
0
0
0
$0
(0% OF MAXIMUM
0
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I.
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. I.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 0
PROPERTY
TYPE
TAX RATE IMPROVEMENT
RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1999-00
FISCAL YEAR 2002-03
MAXIMUM TAX
TAX RATES
AREA I:
(0% OF MAXIMUM
$337 $0
927 0
1,553 0
2,382 0
3,353 0
$2,881 $576
1,441 288
(20% OF MAXIMUM
MAXIMUM
TAX
iESlDENTlAL
RL
RLM
RM
RMH
RH
COMMERCIAL
IN DUSTRIAL
JON-RESIDENTIAL
TAX
RATES
$333
912
1,461
2,243
3,289
$340
935
1,567
2,403
3,381
$2,907
1,454
$1,921
1,152
(0% OF MAXIMUM
$0
0
0
0
0
$0
0
(0% OF MAXMUM
(0% OF MAXIMUM
$0
0
0
0
0
$384
230
(20% OF WMUM
$336
92 1
1,474
2,263
3,318
$1,938
1,163
(0% OF MAXIMUM
$0
0
0
0
0
$0
0
(0% OF MAXIMUM
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03
2003-04
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2002-03
PROP E RTY MAXIMUM TAX
TYPE TAX RATES
TAX RATE IMPROVEMENT AREA I:
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2000-01
FISCAL YEAR 2003-04
MAXIMUM TAX
TAX RATES
EXHIBIT A
Page 9
(0% OF MAXIMUM)
$0 0
0
0
0
$586
293
(20% OF MAXIMUM)
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
TAX RATE IMPROVEMl
RESIDENTIAL
NON-RESIDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
$346
950
1,593
2,442
3,438
$2,954
1,477
$343
942
1,579
2,420
3,407
(0% OF MAXIMUM)
$338 $0
927 0
1,485 0
2,279 0
3,342 0
$1,952 $390
1,171 234
(20% OF MAXIMUM)
(0% OF MAXIMUM
$34 1 $0
936 0
1,498 0
2,299 0
3,372 0
$1,970 $0
1,182 0
(0% OF MAXIMUM
$2,928
1,464
TAX ON DEVELOPED PROPERTY b % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81%
2002-03 8.70%
,2003-04 8.70%
(0% OF MAXIMUM
$0 0
0
0
0
$0
(0% OF MAXIMUM
0
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 10
PROPERTY
TYPE
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
FISCAL YEAR 2002-03 FISCAL YEAR 2003-04
MAXIMUM TAX MAXIMUM TAX
TAX RATES TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2001-02
'T AREA I: 1
(0% OF MAXIMUM)
$348 $0
956 $0
1,602 $0
2,456 $0
3,458 $0
$2,971 $594
(20% OF MAXIMUM)
$351
964
1,616
2,478
3,489
$2,998
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
NON-RESIDENTIAL
TAX RATE IMPROVEMI
(0% OF MAXIMUM)
$0
$0
$0
$0
$0
$396
238
(20% OF MAXIMUM) NON-RESIDENTIAL
COMMERCIAL
$346
949
1,520
2,333
3,421
$1,999
1,199
TAX ON DEVELOPED PROPERTY
MAXIMUM PERCENTAGE
2002-03
2003-04 I
(0% OF MAXIMUM
$0
0
0
0
0
$0
(0% OF MAXIMUM
% OF ONE-TIME SPECIAL TAX
13.81%
8.70%
8.70%
1,486 I $297 I 1,499 I 0
IT AREA 11:
$343
941
1,507
2,313
3,391
$1,981
1,189
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
(0% OF MAXIMUM
$0 0
0
0
0
$0
0
(0% OF WMUM
NOTES:
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. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 11
PROPERTY
TYPE
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 2002-03
FISCAL YEAR 2002-03 FISCAL YEAR 2003-04
MAXIMUM TAX MAXIMUM TAX
TAX RATES TAX RATES
'AX RATE IMPROVEMENT AREA I:
RL NA NA
RLM NA NA
RM NA NA
RMH NA NA
RH NA NA
COMMERCIAL NA NA
INDUSTRIAL NA NA
I
{ESIDENTIAL
ION-RESIDENTIAL
'AX RATE IMPROVEMI
(ESlDENTlAL
RL
(0% OF MAXIMUM
$354 $0
974 0
1,632 0
2,503 0
3,523 0
$3,028 $0
1,514 0
(0% OF MAXIMUM
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
ION-RESIDENTIAL
IT AREA II:
NA NA
NA NA
NA NA
NA NA
NA NA
NA NA
NA NA
(0% OF MAXIMUM
$349 $0
959 0
1,535 0
2,357 0
3,455 0
$2,018 $0
1,211 0
(0% OF MAXIMUM
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY \
MAXIMUM PERCENTAGE
2002-03
2003-04 I
% OF ONE-TIME SPECIAL TAX
13.81 %
8.70%
A 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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 12
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2003-04
SPECIAL DEVELOPMENT TAX - ONE-TIME
PROPERTY TYPE
TAX RATE IMPROVEMENTAREA I:
RESIDENTIAL (PER DWELLING UNIT)
(60% offhe Maximum Tax)
0 - 1.5 DU /ACRE
1.51 - 4.0 DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.1
(60% offhe 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. FACICOMM.
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 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
$3,016.41
3,016.41
1,903.89
1,903.89
1,903.89
$5.49
2.31
4.28
8.69
12.24
4.49
11.86
2.03
1.96
2.87
18.50
2.18
2.07
5.27
1.96
7.20
1.58
2.63
2.35
I .58
I .45
I .48
2.89
1.67
10.06
1.82
4.38
1.73
1.99
1 .a1
1.64
19.07
3.46
2.27
1.56
19.28
4.45
10.28
3.73
5.14
1.53
1.45
1.18
FORMATION OR ANNEXATION DATE
FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97
$3.1 24.31
3,124.31
1,972.00
1,972.00
1,972.00
$5.69
2.39
4.43
9.00
12.67
4.65
12.29
2.10
2.04 ', 2.98
19.17
2.26
2.15
5.46
2.03
7.46
1.64
2.72
2.44
1.64
1.50
1.54
2.99
1.73
10.42
1 .89
4.53
1 BO
2.06
1 .87
1.70
19.75
3.58
2.35
1.61
19.97
4.61
10.65 ' 3.87
5.33
1.59
1.50
I .22
$3,158.31
3,158.31
1,993.45
1,993.45
1,993.45
$5.75
2.42
4.48
9.10
12.81
4.70
12.42
2.12
2.06
3.01
19.37
2.28
2.17
5.52
2.05
7.54
1.65
2.75
2.46
I .65
1.52
1.55
3.02
1.75
10.53
1.91
4.58
I .a2
2.08
I .89
1.72
19.96
3.62
2.38
1.63
20.19
4.66
10.76
3.91
5.38
1.60
1.52
1.23
$3,158.31
3,158.31
1,993.45
1,993.45
1,993.45
$5.75
2.42
4.48
9.10
12.81
4.70
12.42
2.12
2.06
3.01
19.37
2.28
2.1 7
5.52
2.05
7.54
1.65
2.75
2.46
1.65
1.52
1.55
3.02
1.75
10.53
1.91
4.58
1.82
2.08
1 .89
1.72
19.96
3.62
2.38
1.63
20.19
4.66
10.76
3.91
5.38
1.60
1.52
I .23
$3,161.46
3,161.46
1,995.44
1,995.44
1,995.44
$5.76
2.42
4.48
9.1 1
12.82
4.71
12.43
2.12
2.06
3.01
19.39
2.29
2.17
5.52
2.05
7.55
1.65
2.76
2.46
1.65
1.52
1.56
3.03
1.75
10.55
1.91
4.59
I .82
2.08
1.90
1.72
19.98
3.62
2.38
1.63
20.21
4.67
10.77
3.91
5.39
1.60
1.52
I .24
I
FY 1997-98
$3,180.32
3,180.32
2,007.34
2,007.34
2,007.34
$5.79
2.44
4.51
9.17
12.90
4.74
12.51
2.14
2.07
3.03
19.51
2.30
2.19
5.56
2.06
7.59
I .66
2.77
2.48
1.66
1.53
I .56
3.04
I .76
10.61
I .92
4.61
I .a3
2.09
1.91
1.73
20.10
3.64
2.39
1.64
20.33
4.69
10.84
3.94
5.42
1.61
1.53
1.24
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 13
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2003-04
SPECIAL DEVELOPMENT TAX - ONE-TIME
PROPERTY TYPE
RESIDENTIAL [PER DWELLING UNIT)
(60% of the Maximum Tax)
0 - 1.5 DU /ACRE
1.51 - 4.0 DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.1
(60% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & 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. FACICOMM.
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- WALK IN
S & L -WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
$3,199.29
3,199.29
2,019.32
2,019.32
2,019.32
$5.83
2.45
4.53
9.22
12.98
4.76
12.58
2.15
2.08
3.05
19.63
2.31
2.20
5.59
2.08
7.64
1.67
2.79
2.49
1.67
1.54
1.57
3.06
1.77
10.67
1.93
4.64
1.84
2.11
1.92
1.74
20.22
3.66
2.41
1.65
20.45
4.72
10.90
3.96
5.45
1.62
1.54
1.25
FORMATION OR ANNEXATION DATE
FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03
$3,235.66
3.235.66
2.042.27
2.042.27
2.042.27
$5.89
2.48
4.59
9.32
13.13
4.82
12.73
2.17
2.1 1
1 3.08
19.85
2.34
2.22
5.65
2.10
7.73
1.69
2.82
2.52
1.69
1.56
1.59
3.10
1 .80
10.79
1.96
4.70
1.86
2.13
I .94
1.76
20.45
3.71
2.43
1.67
20.68
4.77
11.03 ' 4.00
5.52
1.64
1.56
1.26
$3,288.1 8
3,288.1 8
2.075.43
2.075.43
2.075.43
$5.99
2.52
4.66
9.48
13.34
4.90
12.93
2.21
2.14
3.13
20.17
2.38
2.26
5.75
2.13
7.85
1.72
2.87
2.56
1.72
1.58
1.62
3.15
1.82
10.97
1.99
4.77
1 .89
2.16
1.97
1.79
20.78
3.77
2.47
1.70
21.02
4.85
11.20
4.07
5.61
1.67
1.58
1.29
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
$3,336.78
3,336.78
2,106.10
2,106.1 0
2,106.10
$6.08
2.56
4.73
9.62
13.54
4.97
13.12
2.24
2.17
3.18
20.47
2.41
2.29
5.83
2.17
7.97
1.75
2.91
2.60
1.75
1.60
1.64
3.19
1.85
11.13
2.02
4.84
1.92
2.20
2.00
1 .81
21.09
3.82
2.51
1.72
21.33
4.92
11.37
4.13
5.69
1.69
1.60
1.30
$3,369.81
3,369.81
2,126.95
2,126.95
2,126.95
$6.14
2.58
4.78
9.71
13.67
5.02
13.25
2.26
2.20
3.21
20.67
2.44
2.32
5.89
2.19
8.05
1.76
2.94
2.63
1.76
1.62
1.66
3.22
1.87
11.24
2.04
4.89
1.94
2.22
2.02
1.83
21.30
3.86
2.54
1.74
21.54
4.97
11.48
4.17
5.75
1.71
1.62
1.32
FY 2003-04
$3,399.87
3,399.87
2,145.92
2,145.92
2,145.92
$6.19
2.60
4.82
9.80
13.79
5.06
13.37
2.28
2.21
3.24
20.86
2.46
2.34
5.94
2.21
8.12
1.78
2.96
2.65
1.78
1.63
1.67
3.25
1 .89
11.34
2.05
4.93
1.96
2.24
2.04
1.85
21.49
3.89
2.56
1.76
21.73
5.02
11.58
4.21
5.80
1.73
1.63
1.33
EXHIBIT A
Page 14
CITY OF,CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2003-04
SPECIAL DEVELOPMENT TAX - ONE-TIME
I 1
0 - 1.5 DU /ACRE
1.51 - 4.0 DU/ACRE
4.1 - 8.0 DUIACRE
8.1 - 15.0 DU/ACRE
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.1
(60% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & 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
HELl PORTS 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 - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
NOTES:
$2,598.37
2,598.37
1.566.47
1,566.47
1,566.47
$1.96
1.07
1.71
3.12
3.88
1.92
3.38
1.31
1.07
1.22
4.57
1.07
1.45
1.73
1.25
2.49
1.51
2.15
1.71
1.51
1.02
1.29
1.94
1.07
2.99
1.40
1.54
1.19
1.27
1.25
1.40
4.92
1.58
1.09
1.34
5.14
2.09
3.20
2.05
2.36
1.29
0.98
0.96
FY 1993-94 FY 1994-95 FY 1995-96
$2,691.32
2,691.32
1,622.51
1,622.51
1.622.51
$2.03
1.11
1.77
3.23
4.01
1.99
3.50
1.36
1.11
1.26
4.73
1.11
\ 1.50
1.80
1.30
2.58 1.56
2.23
1.77
1.56
1.06
1.33
2.01
1.11
3.09
1.45
1.59
1.23
1.32
1.29
1.45
5.09
1.64
1.13
1.39
5.32
2.17
3.32
2.13
2.44
1.34
1 .Ol \
1 .oo
$2.720.60
2,720.60
1,640.16
1,640.16
1,640.1 6
$2.05
1.12
1.79
3.26
4.06
2.01
3.54
1.38
1.12
1.28
4.78
1.12
1.52
1.82
1.31
2.60 1.58
2.26
1.79
1.58
1.07
1.35
2.03
1.12
3.13
1.46
1.61
1.24
1.33
1.31
1.47
5.15
1.65
1.14
1.40
5.38
2.19
3.36
2.15
2.47
1.35
1.02
1 .Ol
$2,720.60
2.720.60
1,640.16
1,640.1 6
1,640.16
$2.05
1.12
I .79
3.26
4.06
2.01
3.54
1.38
1.12
1.28
4.78
1.12
1.52
1.82
1.31
2.60 1.58
2.26
I .79
1.58
1.07
1.35
2.03
1.12
3.13
1.46
1.61
1.24
1.33
1.31
1.47
5.15
1.65
1.14
1.40
5.38
2.19
3.36
2.15
2.47
1.35
1.02
1.01
$2,723.32
2.723.32
1,641.80
1,641.80
1,641.80
$2.05
1.12
1.79
3.27
4.06
2.01
3.54
1.38
1.12
1.28
4.79
1.12
1.52
1.82
1.31
2.61
1.58 2.26
1.79
1.58
1.07
1.35
2.03
1.12
3.13
1.46
1.61
1.24
1.34
1.31
1.47
5.16
1.65
1.14
1.41
5.38
2.19
3.36
2.15
2.47
1.36
1.02
1.01
1 FY 1997-98
$2.739.56
2,739.56
1,651.59
1,651.59
1,651.59
$2.06
1.13
1.80
3.29
4.09
2.02
3.56
I .39
1.13
1.29
4.81
1.13
1.53
1.83
1.32
2.62
1.59
2.27
1.80
1.59
1.08
1.36
2.04
1.13
3.15
1.47
1.62
1.25
1.34
1.31
1.48
5.19
1.66
1.15
1.41
5.41
2.21
3.38
2.16
2.49
1.36
1.03
1.01
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 15
PROPERTY TYPE
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2003-04
SPECIAL DEVELOPMENT TAX - ONE-TIME
FORMATION OR ANNEXATION DATE
0 - 1.5 DU /ACRE
1.51 - 4.0 DUIACRE
4.1 - 8.0 DUIACRE
8.1 - 15.0 DUIACRE
15.1 - 23.0 DUIACRE
NON-RESIDENTIAL (PER SQ.FT.1
(60% of fhe Maximum Tax)
AUTO -GASOLINE
AUTO - REPAIR & 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. FACICOMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBEWHARDWARE 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 - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
NOTES:
FY 1998-99
$2.755.90
2,755.90
1,661.44
1,661.44
1,661.44
$2.08
1.14
1.81
3.31 4.1 1
2.03
3.59
1.39 1.14
1.29
4.84
1.14
1.54
1.84
1.33
2.64
1.60
2.29
1.81
1.60
1.09
1.37
2.06
1.14
3.17
1.63
1.26
1.35
1.32
1.49
5.22
1.67
1.16
1.42
5.45
2.22
3.40
2.18
2.50
1.37
1.03
I .02
i .4a
FY 1999-00
$2,787.23
1,680.33
1,680.33
1,680.33
2.787.23
$2.10
1.15
1.83
3.34
4.16
2.06
3.63
1.41
1.15
1.31
4.90
1.15
1.56
1.86
1.34
2.67
1.62
c 2.31
1.83
1.62
1.10
1.38
2.08
1.15
3.21
1.50
1.65
1.27
1.37
1.34
1.50
5.28
1.69
1.17
1.44
5.51
2.25
3.44
2.20
2.53
1.39
1.05
1.03
FY 2000-01
$2,832.48
2,832.48
1,707.61
1,707.61
1,707.61
$2.13
1.17
1.86
3.40 4.22
2.09
3.69
1.43 1.17
1.33
4.98
1.17
1.58
1.89
1.37
2.71
1.65
2.35
1.86
1.65
1.12
1.40
2.1 1
1.17
3.26
1.52
1.68
1.29
1.39
1.36
1.53
5.36
1.72
1.19
1.46
5.60
2.28
3.49
2.24
2.57
1.41
1.06
1.05
FY 2001 -02
$2,874.33
2,874.33
1,732.85
1,732.85
1,732.85
$2.17
1.89
3.45
4.29
2.12
3.74
1.45 1.18
1.35
5.05
1.18
1.60
1.92
1.39
2.75
1.67
2.38
1.89
1.67
1.13
1.42
2.14
1.18
3.31
1.54
1.70
1.31
1.41
1.38
1.55
5.44
1.75
1.21
1.48
5.68
2.32
3.55
2.27
2.61
1.43
1.08
1.06
1.18
FY 2002-03
$2,902.79
2,902.79
1,750.00
1,750.00
1,750.00
$2.19
1.20
1.91
3.48
4.33
2.14
3.78
1.47
1.20
1.36
5.10
1.20
1.62
1.94
1.40
2.78
1.69
2.41
1.91
1.69
1.14
1.44
2.16
1.20
3.34
1.56
1.72
1.32
1.42
1.39
1.57
5.50
1.76
1.22
1.50
5.74
2.34
3.58
2.29
2.63
1.45
1.09
1.07
FY 2003-04
$2,928.69
2.928.69
1,765.61
1,765.61
1,765.61
$2.21
1.21
1.92
3.51 4.37
2.16 3.81
1.48 1.21
1.37
5.15
1.21
1.63
1.96
1.41
2.80
1.70
2.43
1.92
1.70
1.15
1.45
2.18
1.21
3.37
1.57
1.73
1.34
1.44
1.41
1.58
5.54
1.23
1.51
5.79
2.36
3.61
2.31
2.66
1.46
1.10
1.08
1.78
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 1.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.