HomeMy WebLinkAbout2005-07-26; City Council; 18221; Special Tax Community Facilities District No. 1AB# 18,221 TITLE:
MTG. 07-26-05 ESTABLISH 2005-06 SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 1
DEPT. FIN
RECOMMENDED ACTION:
DEPT. HD.
CITY ATTY.
CITY MGR
Adopt Resolution No. 2OO5-234
Facilities District No. 1.
establishing the 2005-06 special tax for the Community
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. Following Mello-Roos legislation, Council held a public hearing
and an election and formed Community Facilities District (CFD) No. 1, on May 7, 1991.
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.
Through debt financing or available cash balances, CFD No. 1 will fund the following capital
projects:
Civic Facilities
Library
1-5 Interchanges
Palomar Airport Road
Road Segments
La Costa Avenue
OfficeNVarehouse Facilities La Costa Avenue Olivenhain Road
Veteran’s Memorial Park . Faraday Avenue
City Hall Poinsettia Lane Cannon Road
In June 1991, Council adopted an ordinance putting in place the tax formula for the district, which
established 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
“Engineering News Record” (ENR) Cost Indexes. 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, when
the funding needs for the next fiscal year are known.
The tax rates as adopted for the CFD, are set separately for residential property and for non-
residential property and can include a tax on vacant land, a one-time tax on property when a
building permit is pulled and an annual tax on developed non-residential property, if the owner
elects to “pass through” the one-time tax. Non-residential property owners may elect to not pay off
(pass through) their one-time CFD obligation at the time the building permit is issued. Instead, they
choose to pay their tax over a twenty-five year period. This tax is called the annual special tax on
developed property. 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.
PAGE 2 OF AGENDA BILL NO. 18,221
Residential property
Current Proposed
2 0 04-0 5 2005-06
Vacant land tax None None
Undeveloped tax 50% of max 30% of max
Developed annual tax NA NA
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 may choose whether to pay the CFD tax in full or pay pass-through taxes for twenty-five
years.
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. Based on the cash flow needs for
each property type, staff is recommending the changes noted below to the tax levy for the 2005-06
fiscal year.
Commercial/ Industrial property
Current Proposed
None None
2004-05 2005-06
40% of max 30% of max
8.7% 7.5%
These changes are reflected in the recommended 2005-06 tax levy, which is presented in Exhibit A
of the attached Resolution. The Exhibit shows 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 (3.15%) as described above.
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 Blvd., Faraday
Ave., Rancho Santa Fe Rd as well as other road projects. Future projects to be financed by the CFD
include the Public Works Center and eventually a Civic Center complex.
Based on the most recent growth projections, the CFD tax levy will result in approximately $2.4
million in special tax revenues for the 2005-06 fiscal year with $1 million coming from the one-time
special tax on residential property, $500,000 from the non-residential developed special tax and
$900,000 from the one-time special tax on non-residential property.
EXHIBITS:
1. Resolution No. 2005-234 establishing the 2005-06 special taxes for Community Facilities
District No. 1.
DEPARTMENT CONTACT: Lisa Hildabrand (760)602-2430; email: Ihild@ci.carlsbad.ca.us
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Exhibit 1
RESOLUTION NO. 2005234
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SPECIAL TAXES FOR COMMUNITY FACILITIES
DISTRICT NO. 1
CARLSBAD, CALIFORNIA, ESTABLISHING THE 2005-06
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
2005-06.
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 2005-06 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.
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Exhibit 1
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 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.
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Exhibit 1
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
, 2005, by the following at its regular meeting held on the
vote, to wit:
26th day of JULY
AYES: Council Members Lewis, Hall, Kulchin, Packard, Sigafoose
NOES: None
ABSENT: None
ATTEST:
LORRAINE M. WOO'6, City Clerk 'd
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CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
EXHIBIT A
Page 3
PROPERTY TYPE
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL (PER DWELLING UNIT1
(30% 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
AUTO - GASOLINE
AUTO - REPAIR & SALES
(30% of the Maximum Tax)
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
LUMBERlHARDWARE 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:
MAY 7,1991
$1,578.27
$1,578.27
$996.1 7
$996.17
$996.17
$2.88
$1.21
$2.24
$4.55
$6.40
$2.35
$6.21
$1.06
$1.03
$1.50
$9.68
$1.14
$1.08
$2.76
$1.02
$3.77
$0.83
$1.38
$1.23
$0.83
$0.76
$0.78
$1 51
$0.88
$5.26
$0.95
$2.29
$0.91
$1.04
$0.95
$0.86
$9.98
$1.81
$1 .I 9
$0.82
$10.09
$2.33
$5.38
$1.95
$2.69
$0.80
$0.76
$0.62
FORMATIC
FY 1993-94
$1,634.73
$1,634.73
$1,031.80
$1,031.80
$1,031.80
$2.98
$1.25
$2.32
$4.71
$6.63
$2.43
$6.43
$1.10
$1.06
$1.56
$10.03
$1.18
$1.12
$1.06
$3.90
$0.86
$1.42
$1.27
$0.86
$0.79
$0.80
$1.56
$0.91
$5.45
$0.99
$2.37
$0.94
$1.08
$0.98
$0.89
$10.33
$1.87
$1.23
$0.84
$10.45
$2.41
$5.57
$2.02
$2.79
$0.83
$0.79
$0.64
$2.86
I OR ANNEXATION DATE
FY 1994-95
$1,652.52
$1,652.52
$1,043.03
$1,043.03
$1,043.03
$3.01
$1.27
$2.34
$4.76
$6.70
$2.46
$6.50
$1.11
$1.08
$1.57
$10.14
$1.20
$1.14
$2.89
$1.07
$3.95
$0.86
$1.44
$1.29
$0.86
$0.79
$0.81
$1.58
$0.92
$5.51
$1 .oo
$2.40
$0.95
$1.09
$0.99
$0.90
$10.45
$1.89
$1.24
$0.85
$10.56
$2.44
$5.63
$2.05
$2.82
$0.84
$0.79
$0.65
FY 1995-96
$1,652.52
$1,652.52
$1,043.03
$1,043.03
$1,043.03
$3.01
$1.27
$2.34
$4.76
$6.70
$2.46
$6.50
$1.11
$1.08
$1 57
$10.14
$1.20
$1.14
$2.89
$1.07
$3.95
$0.86
$1.44
$1.29
$0.86
$0.79
$0.81
$1.58
$0.92
$5.51
$1 .oo
$2.40
$0.95
$1.09
$0.99
$0.90
$1 0.45
$1.89
$1.24
$0.85
$10.56
$2.44
$5.63
$2.05
$2.82
$0.84
$0.79
$0.65
FY 1996-97
$1,654.17
$1,654.17
$1,044.07
$1,044.07
$1,044.07
$3.01
$1.27
$2.34
$4.77
$6.71
$2.46
$6.51
$1.11
$1.08
$1.58
$10.15
$1.20
$1.14
$2.89
$1.07
$3.95
$0.87
$1.44
$1.29
$0.87
$0.80
$1.58
$0.92
$5.52
$1.00
$2.40
$0.95
$1.09
$0.99
$0.90
$10.46
$1.89
$1.24
$0.85
$10.57
$2.44
$5.64
$2.05
$2.82
$0.84
$0.80
$0.65
$0.81
TAX RATE AREA I INCLUDES PROPERTY MTHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
8
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
PROPERTY TYPE
EXHIBIT A
Page 4
FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL (PER DWELLING UNIT1
(30% 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 -1
(30% 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 (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 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:
FY 1997-98
$1,664.03
$1,664.03
$1,050.30
$1,050.30
$1,050.30
$3.03
$1.27
$2.36
$4.80
$6.75
$6.54
$1.12
$1.08
$1.58
$10.21
$1.20
$1.14
$2.91
$1.08
$3.97
$0.87
$1.45
$1.30
$0.87
$0.80
$0.82
$1.59
$0.92
$5.55
$1.01
$2.41
$0.96
$1.10
$1 .oo
$0.90
$10.52
$1.91
$1.25
$0.86
$10.64
$2.46
$5.67
$2.06
$2.84
$0.84
$0.80
$0.65
$2.48
FY 1998-99
$1,673.96
$1,673.96
$1,056.56
$1,056.56
$1,056.56
$3.05
$1.28
$2.37
$4.82
$6.79
$2.49
$6.58
$1.12
$1.09
$1.59
$10.27
$1.21
$1.15
$2.93
$1.09
$4.00
$0.88
$1.46
$1.30
$0.88
$0.80
$0.82
$1.60
$0.93
$5.58
$1.01
$2.43
$0.96
$1.10
$1 .oo
$0.91
$10.58
$1.92
$1.26
$0.86
$10.70
$2.47
$5.70
$2.07
$2.85
$0.85
$0.80
$0.65
FY 1999-00
$1,692.99
$1,692.99
$1,068.58
$1,068.58
$1,068.58
$3.08
$1.30
$2.40
$4.88
$6.87
$2.52
$6.66
$1.14
$1.10
$1.61
$10.39
$1.22
$1.16
$2.96
$1.10
$4.04
$0.89
$1.48
$1.32
$0.89
$0.81
$0.83
$1.62
$0.94
$5.65
$1.02
$2.46
$0.97
$1.11
$1.02
$0.92
$10.70
$1.94
$1.27
$0.87
$10.82
$2.50
$5.77
$2.10
$2.89
$0.86
$0.81
$0.66
FY 2000-01
$1,720.47
$1,720.47
$1,085.92
$1,085.92
$1,085.92
$3.13
$1.32
$2.44
$4.96
$6.98
$2.56
$6.77
$1.16
$1.12
$1.64
$10.55
$1.24
$1.18
$3.01
$1.12
$4.1 1
$0.90
$1 50
$1.34
$0.90
$0.83
$0.85
$1.65
$0.95
$5.74
$1.04
$2.50
$0.99
$1.13
$1.03
$0.94
$1 0.87
$1.97
$1.29
$0.89
$1 1 .oo
$2.54
$5.86
$2.13
$2.93
$0.87
$0.83
$0.67
FY 2001-02
$1,745.90
$1,745.90
$1,101.97
$1,101.97
$1,101.97
$3.1 8
$1.34
$2.47
$5.03
$7.08
$2.60
$6.87
$1.17
$1.14
$1.66
$10.71
$1.26
$1.20
$3.05
$1.13
$4.17
$0.91
$1 52
$1.36
$0.91
$0.84
$0.86
$1.67
$0.97
$5.82
$1.05
$2.53
$1 .oo
$1.15
$1.05
$0.95
$11.04
$2.00
$1.31
$0.90
$11.16
$2.58
$5.95
$2.16
$2.98
$0.89
$0.84
$0.68
TAX RATE AREA I INCLUDES PROPERTY WTHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
PROPERTY TYPE
EXHIBIT A
Page 5
FORMATION OR ANNEXATION DATE
(30% 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 DUIACRE
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.1
(30% 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. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBERlHARDWARE 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 2002-03
$1,763.18
$1,763.18
$1,112.88
$1,112.88
$1,112.88
$3.21
$1.35
$2.50
$5.08
$7.15
$2.63
$6.93
$1.18
$1.1 5
$1.68
$10.82
$1.28
$1.21
$3.08
$1.14
$4.21
$0.92
$1.54
$1.37
$0.92
$0.85
$0.87
$1.69
$0.98
$5.88
$1.07
$2.56
$1.01
$1.16
$1.06
$0.96
$1 1.14
$2.02
$1.33
$0.91
$1 1.27
$2.60
$6.01
$2.18
$3.01
$0.90
$0.85
$0.69
FY 2003-04
$1,778.91
$1,778.91
$1,122.81
$1,122.81
$1,122.81
$3.24
$1.36
$2.52
$5.13
$7.22
$2.65
$7.00
$1.19
$1.16
$1.69
$10.91
$1.29
$1.22
$3.1 1
$1.15
$4.25
$0.93
$1 .55
$1.39
$0.93
$0.86
$0.88
$1.70
$0.99
$5.93
$1.07
$2.58
$1.02
$1.17
$1.07
$0.97
$11.24
$2.04
$1.34
$0.92
$1 1.37
$2.63
$6.06
$2.20
$3.03
$0.90
$0.86
$0.70
FY 2004-05
$1,804.33
$1,804.33
$1,138.85
$1,138.85
$1,138.85
$3.29
$1.38
$2.56
$5.20
$7.32
$2.69
$7.10
$1.21
$1.18
$1.72
$1 1.07
$1.31
$1.24
$3.15
$1.17
$4.31
$0.94
$1.57
$1.41
$0.94
$0.87
$0.89
$1.73
$1 .oo
$6.02
$1.09
$2.62
$1.04
$1.19
$1.08
$0.98
$1 1.40
$2.07
$1.36
$0.93
$1 1.53
$2.66
$6.15
$2.23
$3.08
$0.92
$0.87
$0.71
FY 2005-06
$1,859.44
$1,859.44
$1,173.63
$1,173.63
$1,173.63
$3.39
$1.42
$2.64
$5.36
$7.54
$2.77
$7.31
$1.25
$1.21
$1.77
$11.41
$1.34
$1.28
$3.25
$1.21
$4.44
$0.97
$1.62
$1.45
$0.97
$0.89
$0.91
$1.78
$1.03
$6.20
$1.12
$2.70
$1.07
$1.22
$1.12
$1.01
$1 1.75
$2.13
$1.40
$0.96
$1 1.89
$2.74
$6.34
$2.30
$3.17
$0.94
$0.89
$0.73
TAX RATE AREA I INCLUDES PROPERTY WTHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY VvlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
PROPERTY TYPE
EXHIBIT A
Page 6
FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA I/:
RESIDENTIAL (PER DWELLING UNIT)
(30% of the Maximum Tax)
0 - 1.5 DU /ACRE
1.51 - 4.0 DUlACRE
4.1 - 8.0 DUIACRE
8.1 - 15.0 DUIACRE
15.1 - 23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.1
(30% 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. FAClCOMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBERlHARDWARE 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
U NlVE RS ITY
ALL OTHER COMMERCIAL USES
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
NOT IDENTIFIED ABOVE
~~
MAY 7,1991
$1,359.54
$1,359.54
$819.62
$819.62
$819.62
$1.02
$0.56
$0.89
$1.63
$2.03
$1 .oo
$1.77
$0.69
$0.56
$0.64
$2.39
$0.56
$0.76
$0.91
$0.66
$1.30
$0.79
$1.1 3
$0.89
$0.79
$0.54
$0.67
$1.01
$0.56
$1.56
$0.73
$0.80
$0.62
$0.67
$0.65
$0.73
$2.57
$0.83
$0.57
$2.69
$1.68
$1.07
$1.22
$0.6e
$0.51
$0.5C
$0.70
$i.ia
FY 1993-94
$1,408.17
$1,408.1 7
$848.94
$848.94
$848.94
$1.06
$0.58
$0.93
$1.69
$2.1 0
$1.04
$1.83
$0.71
$0.58
$0.66
$2.47
$0.58
$0.79
$0.94
$0.68
$1.35
$0.82
$1.17
$0.93
$0.82
$0.55
$0.70
$1.05
$0.58
$1.62
$0.76
$0.83
$0.64
$0.69
$0.68
$0.76
$2.67
$0.86
$0.59
$0.73
$2.78
$1.13
$1.74
$1.11
$1.28
$0.70
$0.53
$0.52
FY 1994-95
$1,423.50
$1,423.50
$858.18
$858.18
$858.18
$1.07
$0.59
$0.94
$1.71
$2.12
$1.05
$1.85
$0.72
$0.59
$0.67
$2.50
$0.59
$0.79
$0.95
$0.69
$1.36
$0.83
$1.18
$0.94
$0.83
$0.56
$0.71
$1.06
$0.59
$1.64
$0.76
$0.84
$0.65
$0.70
$0.68
$0.77
$2.69
$0.86
$0.60
$0.73
$2.81
$1.15
$1.76
$1.12
$1.29
$0.71
$0.53
$0.53
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
FY 1995-96
$1,423.50
$1,423.50
$858.18
$858.18
$858.1 8
$1.07
$0.59
$0.94
$1.71
$2.12
$1.05
$1.85
$0.72
$0.59
$0.67
$2.50
$0.59
$0.79
$0.95
$0.69
$1.36
$0.83
$1.18
$0.94
$0.83
$0.56
$0.71
$1.06
$0.59
$1.64
$0.76
$0.84
$0.65
$0.70
$0.68
$0.77
$2.69
$0.86
$0.60
$0.73
$2.81
$1.15
$1.76
$1.12
$1.29
$0.71
$0.53
$0.53
FY 1996-97
$1,424.92
$1.424.92
$859.04
$859.04
$859.04
$1.07
$0.59
$0.94
$1.71
$2.13
$1.05
$1.85
$0.72
$0.59
$0.67
$2.50
$0.59
$0.80
$0.95
$0.69
$1.36
$0.83
$1.18
$0.94
$0.83
$0.56
$0.71
$1.06
$0.59
$1.64
$0.77
$0.84
$0.65
$0.70
$0.68
$0.77
$2.70
$0.87
$0.60
$0.74
$2.82
$1.15
$1.76
$1.13
$1.29
$0.71
$0.54
$0.53
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
PROPERTY TYPE
EXHIBIT A
Page 7
FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA II:
RESIDENTIAL (PER DWELLING UNIT1
(30% 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.l
(30% 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. FACKOMM.
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
FY 1997-98
$1,433.42
$1,433.42
$864.16
$864.16
$864.16
$1.08
$0.59
$0.94
$1.72
$2.14
$1.06
$1.87
$0.73
$0.59
$0.67
$2.52
$0.59
$0.80
$0.96
$0.69
$1.37
$0.83
$1.19
$0.94
$0.83
$0.56
$0.71
$1.07
$0.59
$1.65
$0.77
$0.85
$0.65
$0.70
$0.69
$0.77
$2.71
$0.87
$0.60
$0.74
$2.83
$1.15
$1.77
$1.13
$1.30
$0.71
$0.54
$0.53
FY 1998-99
$1,441.96
$1,441.96
$869.32
$869.32
$869.32
$1.09
$0.59
$0.95
$1.73
$2.1 5
$1.06
$1.88
$0.73
$0.59
$0.68
$2.53
$0.59
$0.80
$0.96
$0.70
$1.38
$0.84
$1.20
$0.95
$0.84
$0.57
$0.71
$1.08
$0.59
$1.66
$0.77
$0.85
$0.66
$0.71
$0.69
$0.78
$2.73
$0.88
$0.61
$0.74
$2.85
$1.16
$1.78
$1.14
$1.31
$0.72
$0.54
$0.53
FY 1999-00
$1,458.36
$1,458.36
$879.20
$879.20
$879.20
$1.10
$0.60
$0.96
$1.75
$2.18
$1.08
$1.90
$0.74
$0.60
$0.68
$2.56
$0.60
$0.81
$0.97
$0.70
$1.40
$0.85
$1.21
$0.96
$0.85
$0.57
$0.72
$1.09
$0.60
$1.68
$0.78
$0.86
$0.67
$0.71
$0.70
$0.79
$2.76
$0.89
$0.61
$0.75
$2.88
$1.18
$1.80
$1.15
$1.32
$0.73
$0.55
$0.54
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 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
FY 2000-01
$1,482.03
$1,482.03
$893.47
$893.47
$893.47
$1.12
$0.61
$0.97
$1.78
$2.21
$1.09
$1.93
$0.75
$0.61
$0.70
$2.60
$0.61
$0.83
$0.99
$0.71
$1.42
$0.86
$1.23
$0.97
$0.86
$0.58
$0.73
$1.11
$0.61
$1.70
$0.80
$0.88
$0.68
$0.73
$0.71
$0.80
$2.81
$0.90
$0.62
$0.77
$2.93
$1.19
$1.83
$1.17
$1.34
$0.74
$0.56
$0.55
FY 2001-02
$1,503.93
$1,503.93
$906.67
$906.67
$906.67
$1.13
$0.62
$0.99
$1.80
$2.24
$1.11
$1.96
$0.76
$0.62
$0.71
$2.64
$0.62
$0.84
$1 .oo
$0.73
$1.44
$0.87
$1.25
$0.99
$0.87
$0.59
$0.75
$1.12
$0.62
$1.73
$0.81
$0.89
$0.69
$0.74
$0.72
$0.81
$2.85
$0.91
$0.63
$0.78
$2.97
$1.21
$1.85
$1.19
$1.36
$0.75
$0.56
$0.56
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2005-06
SPECIAL DEVELOPMENT TAX ONE-TIME
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEIYIENT AREA 11:
RESIDENTIAL (PER DWELLING UNIT1
(30% 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
(30% of fbe Maximum Jax)
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
FY 2002-03
$1,518.82
$1,518.82
$91 5.65
$91 5.65
$91 5.65
$1.14
$0.63
$1 .oo
$1.82
$2.27
$1.12
$1.98
$0.77
$0.63
$0.71
$2.67
$0.63
$0.85
$1.01
$0.73
$1.45
$0.88
$1.26
$1 .oo
$0.88
$0.60
$0.75
$1.13
$0.63
$1.75
$0.82
$0.90
$0.69
$0.74
$0.73
$0.82
$2.88
$0.92
$0.64
$0.78
$3.00
$1.22
$1.87
$1.20
$1.38
$0.76
$0.57
$0.56
FY 2003-04
$1,532.37
$1,532.37
$923.82
$923.82
$923.82
$1 .I 5
$0.63
$1.01
$1.84
$2.29
$1.13
$1.99
$0.78
$0.63
$0.72
$2.69
$0.63
$0.86
$1.02
$0.74
$1.47
$0.89
$1.27
$1.01
$0.89
$0.60
$0.76
$1.14
$0.63
$1.76
$0.82
$0.91
$0.70
$0.75
$0.74
$2.90
$0.93
$0.64
$0.79
$3.03
$1.23
$1.89
$1.21
$1.39
$0.76
$0.58
$0.57
$0.83
FY 2004-05
$1,554.27
$1,554.27
$937.02
$937.02
$937.02
$1.17
$0.64
$1.02
$1.86
$2.32
$1.15
$2.02
$0.79
$0.73
$2.73
$0.64
$0.87
$1.04
$0.75
$1.49
$0.90
$1.29
$1.02
$0.90
$0.61
$0.77
$1.16
$0.64
$1.79
$0.92
$0.71
$0.76
$0.75
$0.84
$2.94
$0.94
$0.65
$0.80
$3.07
$1.25
$1.92
$1.23
$1.41
$0.77
$0.83
$0.58
$0.58
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 6.3%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
EXHIBIT A
Page 8
FY 2005-06
$1,601.74
$1,601.74
$965.64
$965.64
$965.64
$1.21
$0.66
$1.05
$1.92
$2.39
$1.18
$2.08
$0.81
$0.66
$0.75
$2.82
$0.66
$0.89
$1.07
$0.77
$1 53
$0.93
$1.33
$1.05
$0.93
$0.63
$0.79
$1.19
$0.66
$1.84
$0.86
$0.95
$0.73
$0.79
$0.77
$0.86
$3.03
$0.97
$0.67
$0.83
$3.17
$1.29
$1.98
$1.27
$1.45
$0.80
$0.60
$0.59