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HomeMy WebLinkAbout2018-06-26; City Council; ; Establish Fiscal Year 2018-19 Special Tax for Community Facilities District No. 1~ CITY COUNCIL ~ Staff Report Meeting Date: To: From: Staff Contact: June 26, 2018 Mayor and City Council Kevin Crawford, City Manager Aaron Beanan, Finance Manager aaron.beanan@carlsbadca.gov or 760-602-2414 CA Review {}.Jv Subject: Establish Fiscal Year 2018-19 Special Tax for Community Facilities District No. 1 Recommended Action Adopt a Resolution establishing the Fiscal Year 2018-19 special tax for Community Facilities District No. 1. Executive Summary Community Facilities District ("CFO") No. 1 was formed to provide a variety of infrastructure projects needed to meet growth management requirements. The Civic Center, the Orion Center, and Veteran's Memorial Park are some examples of infrastructure projects CFO No. 1 will fund. Each year the maximum special tax rates are adjusted and authorized by Council pursuant to Ordinance NS-155. The proposed maximum special tax rates for Fiscal Year 2018-19 for property within CFD No. 1 reflect an increase of 1.25 percent. Discussion 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 levied on their property to fund the construction or acquisition of facilities or services through a CFD. Pursuant to Council Policy No. 33, CFO financing is not intended to relieve any developer of the responsibility to provide funding for infrastructure improvements related to a single development. Further, to the extent that a CFO has been formed to finance the construction of public infrastructure, Council Policy No. 33 states that any and all future special tax obligations related to a residential parcel will be discharged in full at the time building permits are issued for the construction of a residential unit. Because Council Policy No. 33 ensures the obligation on a residential unit is paid in full when the building permit is issued, the CFO does not affect homeowners in Carlsbad. As such, a Carlsbad homeowner will not pay city-imposed Mello-Roos taxes. However, per Council Policy No. 33, developers of non-residential property are provided the option of discharging their future special tax obligation at the time building permits are issued or assuming the special tax liability basis over a twenty-five year period. The City of Carlsbad and property owners of specific vacant land in Carlsbad worked together to form CFD No. 1. Council held a public hearing, an election, and subsequently formed CFO No. 1 on May 7, 1991. Vacant land and a small percentage of developed non-residential land located in June 26, 2018 Item #4 Page 1 of 19 twenty Local Facilities Management Zones are currently in CFD No. 1. Other property annexes into the district as development plans progress. CFD No. 1 was formed to provide funding for a variety of infrastructure projects needed to meet growth management requirements. Through debt financing or available cash balances, CFD No. 1 has funded or will fund the capital projects listed below: Civic Facilities Dove Library Cole Library Orion Center Civic Center Veteran's Memorial Park 1-5 Interchanges Palomar Airport Road La Costa Avenue Poinsettia Lane Road Segments La Costa Avenue Olivenhain Road Cannon Road Faraday Avenue In June 1991, Council adopted an ordinance establishing the special tax formula and maximum rates for the district. The maximum special 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 by city. The maximum special 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 special tax rates, it did not establish the individual special tax levy placed on each applicable parcel. Each fiscal year, the city establishes the levy based on the funding needs of the next fiscal year. The rates recommended for the Fiscal Year 2018-19 special tax levy is presented in the Resolution as Attachment A. Attachment A also shows the special tax rate schedule for property included within CFD No. 1 at formation and for property annexed thereafter. The maximum special tax rates reflect an increase of one-half of the ENR inflator of 2.50 percent, or 1.25 percent, as described above. Vacant Property Sufficient revenues will be collected from the developed residential category. As such, and consistent with last fiscal year, staff recommends that vacant property planned for future residential development is not levied in the upcoming fiscal year. Sufficient revenues will be collected from the developed commercial/industrial category. As such, and consistent with last fiscal year, staff recommends that vacant property planned for future commercial or industrial development is not levied in the upcoming fiscal year. Residential Property There are no recommended changes, as reflected in Attachment A, to the percent of the maximum one-time special tax levied at residential building permit issuance on residential development. The percent of the maximum one-time special tax levied at residential building permit issuance is recommended to remain constant, at 55 percent (55%) ofthe maximum special tax for Fiscal Year 2018-19. ' June 26, 2018 Item #4 Page 2 of 19 Under this recommendation, examples of the one-time residential rates in Improvement Area No. 1 for density up to 4.0 dwelling units per acre are estimated to be as shown below: At the current 2017-18 rate= $3,389 to $4,661 per dwelling unit At 55 percent of the maximum rate for 2018-19 = $3,432 to $4,777 per dwelling unit (The amount varies depending on the annexation date) Commercial/Industrial Property There are no recommended changes, as reflected in Attachment A, to the percent of the maximum one-time special tax levied at non-residential building permit issuance. The percent of the maximum one-time special tax levied at residential building permit issuance is recommended to remain constant, at 10 percent (10%) ofthe maximum special tax for Fiscal Year 2018-19. Certain non-residential property owners elected not to pay off their CFO obligation at the time building permits were issued. Instead, they chose to assume an annual special tax for developed property over twenty-five years. According to the CFO documents, the annual special tax on developed property shall not exceed 13.81 percent {13.81%) of the authorized one-time payoff special tax for commercial and industrial property. This percentage rate was determined based on the average cost of bond financing (11 percent) plus financing costs. The proposed Fiscal Year 2018-19 special tax rate for developed property is 7.5 percent of each property's one-time payoff special tax. This rate remains unchanged from the previous fiscal year. Summary The special tax rates proposed for CFO No. 1 are based on the cash flow requirements needed to fund the remaining projects. These cash flow requirements are developed in conjunction with the most recent growth projections for the city and the project schedules as shown in the Capital Improvement Program. The special tax rates are adjusted annually and are expected to fluctuate over time as projects are completed. The table below summarizes the percentage of maximum special tax levy proposed under each property type. Residential Property Commercial/ Industrial Property Current Proposed Current Proposed 2017-18 2018-19 2017-18 2018-19 Vacant Land Tax None None None None One-Time Tax 55% of max 55% of max 10% of max 10% of max Developed Annual Tax NA NA 7.5% 7.5% When CFO No. 1 was formed in 1991, the actual special tax rate for residential, commercial and industrial was at 100 percent of the maximum special tax rate. Beginning in Fiscal Year 1998-99 the city began to lower the residential special tax rates from 100 percent of the maximum. During Fiscal Year 2005-06 the special tax rates reached a low of 30 percent of the maximum special tax June 26, 2018 Item #4 Page 3 of 19 rate. In subsequent fiscal years, the "percentage of max" levied was slowly increased to meet funding requirements. The city began to lower the non-residential special tax rates from 100 percent of the maximum in Fiscal Year 2000-01 until achieving the rate of 30 percent of the maximum starting in FY 2005-06, which was adjusted to 25 percent in FY 2011-12 and finally to 10 percent in FY 2016-17. The future percentage of the maximum special tax rates levied could increase or decrease depending on future capital project funding needs, capital project timing, and/or growth projections. Fiscal Analysis Levying the special taxes on parcels within CFO No. 1 has created the necessary cash flow to finance the construction of the 1-5 Interchanges, the Carlsbad library on Dove Lane, La Costa Avenue, Faraday Avenue, and other road projects. The future Orion Center, Veteran's Memorial Park, Cole Library, and Civic Center complex are also proposed to be funded or partially funded by CFO No. 1. Consistent with the prior fiscal year, vacant property will not be levied for Fiscal Year 2018-19 if the proposed CFO special tax rates are approved. The revenue generated from the one-time special tax levied at building permit issuance will be determined by the amount of development activity that occurs. The revenue generated from a one-time special tax for residential property, based on growth projections, is estimated to be $462,500 for Fiscal Year 2018-19. The revenue generated from a one-time special tax for commercial or industrial property, based on growth projections, is estimated to be $128,000 for Fiscal Year 2018-19. An additional $1,018,000 is anticipated to be collected for Fiscal Year 2018-19 from the non- residential developed special taxes. The maximum term of this tax is twenty-five years. The future percentage of the maximum special tax rates levied could increase or decrease depending on future capital project funding needs, capital project timing, and/or growth projections. Next Steps If approved by the City Council, the CFO No. 1 special tax rates for Fiscal Year 2018-19 would take effect July 1, 2018. Environmental Evaluation (CEQA) This action is not a "project" under the California Environmental Quality Act (CEQA) per State CEQA Guidelines Section 15378(b)(4) as it is a government fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. Exhibits 1. City Council Resolution June 26, 2018 Item #4 Page 4 of 19 RESOLUTION NO. 2018-104 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE FISCAL YEAR 2018-19 SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO. 1. EXHIBIT 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 2018-19. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That the specific rate and amount of the special tax to be collected for Fiscal Year 2018-19 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 as Attachment A. 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. June 26, 2018 Item #4 Page 5 of 19 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; services; b. Necessary replenishment of bond reserve funds or other reserve funds; 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. 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. 6. All monies above collected shall be paid into the Community Facilities District funds, including any bond fund and reserve fund. 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. June 26, 2018 Item #4 Page 6 of 19 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 at a Regular Meeting of the City Council of the City of Carlsbad on the 26th day of June, 2018, by the following vote, to wit: AYES: NOES: ABSENT: M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard. None. None. June 26, 2018 Item #4 Page 7 of 19 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL PROPERTY TYPE TAX RATE IMPROVEMENT AREA II: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE MAY7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 $394 $408 $412 $412 $413 1,082 1,121 1,133 1,133 1,134 1,814 1,878 1,899 1,899 1,901 2,781 2,880 2,911 2,911 2,914 3,914 4,054 4,099 4,099 4,103 $3,364 $3,484 $3,522 $3,522 $3,525 1,682 1,742 1,761 1,761 1,763 FORMATION OR ANNEXATION DATE MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 $388 $402 $406 $406 $407 1,065 1,103 1,115 1,115 1,116 1,706 1,767 1,786 1,786 1,788 2,618 2,712 2,741 2,741 2,744 3,839 3,976 4,019 4,019 4,023 $2,242 $2,323 $2,348 $2,348 $2,350 1,345 1,394 1,409 1,409 1,410 ATTACHMENT A Page 1 FY 1997-98 FY 1998-99 $415 $418 1,141 1,148 1,912 1,923 2,932 2,949 4,127 4,152 $3,546 $3,568 1,773 1,784 FY 1997-98 FY 1998-99 $409 $412 1,123 1,130 1,798 1,809 2,760 2,777 4,047 4,071 $2,364 $2,378 1,419 1,427 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2017-18 ARE HEREIN ESTABLISHED AT $0 PER ACRE. June 26, 2018 Item #4 Page 8 of 19 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL PROPERTY TYPE TAX RATE IMPROVEMENT AREA II: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 $422 $429 $436 $440 $444 1,161 1,179 1,197 1,209 1,220 1,945 1,977 2,006 2,026 2,044 2,983 3,031 3,076 3,106 3,134 4,199 4,267 4,330 4,373 4,412 $3,608 $3,667 $3,721 $3,758 $3,791 1,804 1,833 1,860 1,879 1,896 FORMATION OR ANNEXATION DATE FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 $416 $423 $429 $434 $438 1,143 1,161 1,178 1,190 1,201 1,830 1,859 1,887 1,905 1,922 2,808 2,854 2,896 2,925 2,951 4,118 4,185 4,246 4,288 4,327 $2,405 $2,444 $2,481 $2,505 $2,527 1,443 1,467 1,488 1,503 1,516 ATTACHMENT A Page 2 FY 2004-05 FY 2005-06 $450 $464 1,237 1,275 2,073 2,137 3,179 3,276 4,475 4,612 $3,845 $3,963 1,923 1,981 FY 2004-05 FY 2005-06 $444 $457 1,218 1,255 1,950 2,009 2,993 3,084 4,389 4,523 $2,564 $2,642 1,538 1,585 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2017-18 ARE HEREIN ESTABLISHED AT $0 PER ACRE. June 26, 2018 Item #4 Page 9 of 19 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL PROPERTY TYPE TAX RATE IMPROVEMENT AREA II: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 $472 $481 $489 $504 $497 1,297 1,320 1,344 1,386 1,365 2,173 2,213 2,253 2,323 2,288 3,332 3,393 3,454 3,562 3,507 4,691 4,776 4,863 5,014 4,937 $4,031 $4,104 $4,179 $4,308 $4,243 2,015 2,052 2,089 2,154 2,121 FORMATION OR ANNEXATION DATE FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 $465 $474 $482 $497 $490 1,276 1,300 1,323 1,364 1,344 2,044 2,081 2,119 2,185 2,151 3,137 3,194 3,252 3,353 3,302 4,600 4,684 4,769 4,917 4,842 $2,687 $2,736 $2,786 $2,872 $2,828 1,612 1,642 1,671 1,723 1,697 ATTACHMENT A Page 3 FY 2011-12 FY 2012-13 $504 $510 1,384 1,400 2,319 2,347 3,556 3,598 5,006 5,065 $4,301 $4,352 2,151 2,176 FY 2011-12 FY 2012-13 $496 $502 1,362 1,378 2,181 2,207 3,348 3,388 4,909 4,967 $2,868 $2,902 1,721 1,741 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2017-18 ARE HEREIN ESTABLISHED AT $0 PER ACRE. June 26, 2018 Item #4 Page 10 of 19 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL PROPERTY TYPE TAX RATE IMPROVEMENT AREA II: RESIDENTIAL (PER ACRE) RL RLM RM RMH RH NON-RESIDENTIAL (PER ACRE) COMMERCIAL INDUSTRIAL CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 MAXIMUM UNDEVELOPED PROPERTY TAX ATTACHMENT A Page 4 FORMATION OR ANNEXATION DATE FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 $510 $520 $526 $530 $542 $548 1,400 1,429 1,446 1,457 1,488 1,506 2,347 2,396 2,424 2,442 2,494 2,525 3,598 3,674 3,717 3,745 3,824 3,871 5,065 5,172 5,233 5,272 5,383 5,449 $4,352 $4,444 $4,497 $4,530 $4,625 $4,683 2,176 2,222 2,248 2,265 2,313 2,341 FORMATION OR ANNEXATION DATE FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 $502 $513 $519 $523 $534 $540 1,378 1,407 1,424 1,435 1,465 1,483 2,207 2,253 2,280 2,297 2,345 2,374 3,388 3,459 3,500 3,526 3,600 3,645 4,967 5,072 5,132 5,170 5,279 5,344 $2,902 $2,963 $2,998 $3,020 $3,084 $3,122 1,741 1,778 1,799 1,812 1,850 1,873 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2017-18 ARE HEREIN ESTABLISHED AT $0 PER ACRE. June 26, 2018 Item #4 Page 11 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA I: MAY 7, 1991 FY 1993-94 FY 1994-95 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0 -1.5 DU /ACRE $3,431.72 $3,554.48 $3,593.15 1.51 -4.0 DU/ACRE 3,431.72 3,554.48 3,593.15 4.1 -8.0 DU/ACRE 2,166.02 2,243.50 2,267.91 8.1 -15.0 DU/ACRE 2,166.02 2,243.50 2,267.91 15.1 -23.0 DU/ACRE 2,166.02 2,243.50 2,267.91 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $1.14 $1.18 $1.19 AUTO -REPAIR & SALES 0.48 0.50 0.50 AUTO CAR WASH 0.88 0.92 0.93 BANK -WALK IN 1.80 1.86 1.88 BANK -WITH DRIVE THRU 2.53 2.62 2.65 BOWLING ALLEY 0.93 0.96 0.97 CAMPGROUND 2.45 2.54 2.57 CHURCH 0.42 0.43 0.44 COMMERCIAL SHOPS 0.41 0.42 0.43 COMMUNITY SHOPPING CENTER 0.59 0.62 0.62 CONVENIENCE MARKET 3.83 3.96 4.01 DISCOUNT STORE 0.45 0.47 0.47 GOLF COURSE 0.43 0.44 0.45 GROCERY STORE 1.09 1.13 1.14 HEALTH CLUB 0.41 0.42 0.42 HELIPORTS 1.49 1.54 1.56 HOSPITAL-CONVALESCENT 0.33 0.34 0.34 HOSPITAL -GENERAL 0.54 0.56 0.57 HOTEL -CONV. FAC/COMM. 0.49 0.50 0.51 INDOOR SPORTS ARENA 0.33 0.34 0.34 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.30 0.31 0.31 JUNIOR COLLEGE 0.31 0.32 0.32 LIBRARY 0.60 0.62 0.63 LUMBER/HARDWARE STORE 0.35 0.36 0.36 MARINA 2.08 2.16 2.18 MOTEL 0.38 0.39 0.39 NEIGHBORHOOD SHOPPING CENTER 0.91 0.94 0.95 OFFICE -COMMERCIAL(< 100,000 SF) 0.36 0.37 0.38 OFFICE -GOVERNMENT 0.41 0.43 0.43 OFFICE -HIGH RISE 0.37 0.39 0.39 OFFICE -MEDICAL 0.34 0.35 0.36 OUTDOOR TENNIS COURT 3.94 4.08 4.13 RACE TRACK 0.71 0.74 0.75 REGIONAL SHOPPING CENTER 0.47 0.49 0.49 RESORT HOTEL 0.32 0.33 0.34 RESTAURANT -FAST FOOD 3.99 4.13 4.18 RESTAURANT -QUALITY 0.92 0.95 0.96 RESTAURANT -SIT DOWN 2.13 2.20 2.23 S & L-WALK IN 0.77 0.80 0.81 S & L -WITH DRIVE THRU 1.06 1.10 1.11 UNIVERSITY 0.32 0.33 0.33 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.30 0.31 0.31 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.24 0.25 0.26 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 1995-96 FY 1996-97 $3,593.15 $3,596.74 3,593.15 3,596.74 2,267.91 2,270.18 2,267.91 2,270.18 2,267.91 2,270.18 $1.19 $1.19 0.50 0.50 0.93 0.93 1.88 1.88 2.65 2.65 0.97 0.97 2.57 2.57 0.44 0.44 0.43 0.43 0.62 0.62 4.01 4.01 0.47. 0.47 0.45 0.45 1.14 1.14 0.42 0.42 1.56 1.56 0.34 0.34 0.57 0.57 0.51 0.51 0.34 0.34 0.31 0.31 0.32 0.32 0.63 0.63 0.36 0.36 2.18 2.18 0.39 0.40 0.95 0.95 0.38 0.38 0.43 0.43 0.39 0.39 0.36 0.36 4.13 4.13 0.75 0.75 0.49 0.49 0.34 0.34 4.18 4.18 0.96 0.97 2.23 2.23 0.81 0.81 1.11 1.11 0.33 0.33 0.31 0.31 0.26 0.26 ATTACHMENT A Page 5 FY 1997-98 FY 1998-99 $3,618.19 $3,639.77 3,618.19 3,639.77 2,283.72 2,297.34 2,283.72 2,297.34 2,283.72 2,297.34 $1.20 $1.21 0.50 0.51 0.93 0.94 1.90 1.91 2.67 2.68 0.98 0.99 2.59 2.60 0.44 0.44 0.43 0.43 0.63 0.63 4.04 4.06 0.48 0.48 0.45 0.45 1.15 1.16 0.43 0.43 1.57 1.58 0.34 0.35 0.57 0.58 0.51 0.52 0.34 0.35 0.32 0.32 0.32 0.33 0.63 0.63 0.36 0.37 2.19 2.21 0.40 0.40 0.95 0.96 0.38 0.38 0.43 0.44 0.39 0.40 0.36 0.36 4.16 4.18 0.75 0.76 0.50 0.50 0.34 0.34 4.21 4.23 0.97 0.98 2.24 2.25 0.81 0.82 1.12 1.13 0.33 0.34 0.32 0.32 0.26 0.26 June 26, 2018 Item #4 Page 12 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA I: FY 1999-00 FY 2000-01 FY 2001-02 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0 -1.5 DU /ACRE $3,681.15 $3,740.91 $3,796.19 1.51 -4.0 DU/ACRE 3,681.15 3,740.91 3,796.19 4.1 -8.0 DU/ACRE 2,323.46 2,361.17 2,396.07 8.1 -15.0 DU/ACRE 2,323.46 2,361.17 2,396.07 15.1 -23.0 DU/ACRE 2,323.46 2,361.17 2,396.07 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $1.22 $1.24 $1.26 AUTO -REPAIR & SALES 0.51 0.52 0.53 AUTO CAR WASH 0.95 0.96 0.98 BANK-WALK IN 1.93 1.96 1.99 BANK -WITH DRIVE THRU 2.72 2.76 2.80 BOWLING ALLEY 1.00 1.01 1.03 CAMPGROUND 2.63 2.68 2.71 CHURCH 0.45 0.46 0.46 COMMERCIAL SHOPS 0.44 0.44 0.45 COMMUNITY SHOPPING CENTER 0.64 0.65 0.66 CONVENIENCE MARKET 4.11 4.17 4.23 DISCOUNT STORE 0.48 0.49 0.50 GOLF COURSE 0.46 0.47 0.47 GROCERY STORE 1.17 1.19 1.21 HEALTH CLUB 0.43 0.44 0.45 HELIPORTS 1.60 1.62 1.65 HOSPITAL-CONVALESCENT 0.35 0.36 0.36 HOSPITAL -GENERAL 0.58 0.59 0.60 HOTEL -CONV. FAG/COMM. 0.52 0.53 0.54 INDOOR SPORTS ARENA 0.35 0.36 0.36 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.32 0.33 0.33 JUNIOR COLLEGE 0.33 0.33 0.34 LIBRARY 0.64 0.65 0.66 LUMBER/HARDWARE STORE 0.37 0.38 0.38 MARINA 2.23 2.27 2.30 MOTEL 0.40 0.41 0.42 NEIGHBORHOOD SHOPPING CENTER 0.97 0.99 1.00 OFFICE -COMMERCIAL (< 100,000 SF) 0.38 0.39 0.40 OFFICE -GOVERNMENT 0.44 0.45 0.45 OFFICE -HIGH RISE 0.40 0.41 0.41 OFFICE -MEDICAL 0.36 0.37 0.38 OUTDOOR TENNIS COURT 4.23 4.30 4.36 RACETRACK 0.77 0.78 0.79 REGIONAL SHOPPING CENTER 0.50 0.51 0.52 RESORT HOTEL 0.35 0.35 0.36 RESTAURANT-FAST FOOD 4.28 4.35 4.41 RESTAURANT -QUALITY 0.99 1.00 1.02 RESTAURANT -SIT DOWN 2.28 2.32 2.35 S & L-WALK IN 0.83 0.84 0.85 S & L -WITH DRIVE THRU 1.14 1.16 1.18 UNIVERSITY 0.34 0.35 0.35 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.32 0.33 0.33 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.26 0.27 0.27 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2002-03 FY 2003-04 $3,833.78 $3,867.97 3,833.78 3,867.97 2,419.79 2,441.38 2,419.79 2,441.38 2,419.79 2,441.38 $1.27 $1.28 0.53 0.54 0.99 1.00 2.01 2.03 2.83 2.85 1.04 1.05 2.74 2.77 0.47 0.47 0.45 0.46 0.66 0.67 4.28 4.31 0.50 0.51 0.48 0.48 1.22 1.23 0.45 0.46 1.66 1.68 0.36 0.37 0.61 0.61 0.54 0.55 0.36 0.37 0.34 0.34 0.34 0.35 0.67 0.67 0.39 0.39 2.33 2.35 0.42 0.42 1.01 1.02 0.40 0.40 0.46 0.46 0.42 0.42 0.38 0.38 4.41 4.45 0.80 0.81 0.52 0.53 0.36 0.36 4.46 4.50 1.03 1.04 2.38 2.40 0.86 0.87 1.19 1.20 0.35 0.36 0.34 0.34 0.27 0.27 ATTACHMENT A Page6 FY 2004-05 FY 2005-06 $3,923.26 $4,043.07 3,923.26 4,043.07 2,476.27 2,551.89 2,476.27 2,551.89 2,476.27 2,551.89 $1.30 $1.34 0.55 0.56 1.01 1.04 2.06 2.12 2.89 2.98 1.06 1.09 2.81 2.89 0.48 0.49 0.46 0.48 0.68 0.70 4.38 4.51 0.52 0.53 0.49 0.51 1.25 1.28 0.46 0.48 1.70 1.76 0.37 0.38 0.62 0.64 0.56 0.57 0.37 0.38 0.34 0.35 0.35 0.36 0.68 0.70 0.40 0.41 2.38 2.45 0.43 0.44 1.04 1.07 0.41 0.42 0.47 0.48 0.43 0.44 0.39 0.40 4.51 4.65 0.82 0.84 0.54 0.55 0.37 0.38 4.56 4.70 1.05 1.08 2.43 2.50 0.88 0.91 1.22 1.25 0.36 0.37 0.34 0.35 0.28 0.29 June 26, 2018 Item #4 Page 13 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA I: FY 2006-07 FY 2007-08 FY 2008-09 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0 -1.5 DU /ACRE $4,112.60 $4,187.30 $4,263.36 1.51 -4.0 DU/ACRE 4,112.60 4,187.30 4,263.36 4.1 -8.0 DU/ACRE 2,595.78 2,642.93 2,690.94 8.1 -15.0 DU/ACRE 2,595.78 2,642.93 2,690.94 15.1 -23.0 DU/ACRE 2,595.78 2,642.93 2,690.94 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $1.36 $1.39 $1.41 AUTO -REPAIR & SALES 0.57 0.58 0.59 AUTO CAR WASH 1.06 1.08 1.10 BANK -WALK IN 2.15 2.19 2.23 BANK -WITH DRIVE THRU 3.03 3.09 3.14 BOWLING ALLEY 1.11 1.13 1.15 CAMPGROUND 2.94 2.99 3.05 CHURCH 0.50 0.51 0.52 COMMERCIAL SHOPS 0.49 0.50 0.50 COMMUNITY SHOPPING CENTER 0.71 0.73 0.74 CONVENIENCE MARKET 4.59 4.67 4.76 DISCOUNT STORE 0.54 0.55 0.56 GOLF COURSE 0.51 0.52 0.53 GROCERY STORE 1.31 1.33 1.35 HEALTH CLUB 0.49 0.49 0.50 HELIPORTS 1.79 1.82 1.85 HOSPITAL -CONVALESCENT 0.39 0.40 0.41 HOSPITAL -GENERAL 0.65 0.66 0.68 HOTEL -CONV. FAC/COMM. 0.58 0.59 0.60 INDOOR SPORTS ARENA 0.39 0.40 0.41 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.36 0.37 0.37 JUNIOR COLLEGE 0.37 0.37 0.38 LIBRARY 0.72 0.73 0.74 LUMBER/HARDWARE STORE 0.41 0.42 0.43 MARINA 2.49 2.54 2.59 MOTEL 0.45 0.46 0.47 NEIGHBORHOOD SHOPPING CENTER 1.09 1.10 1.12 OFFICE -COMMERCIAL (< 100,000 SF) 0.43 0.44 0.45 OFFICE -GOVERNMENT 0.49 0.50 0.51 OFFICE -HIGH RISE 0.45 0.46 0.46 OFFICE -MEDICAL 0.41 0.41 0.42 OUTDOOR TENNIS COURT 4.73 4.81 4.90 RACE TRACK 0.86 0.87 0.89 REGIONAL SHOPPING CENTER 0.56 0.57 0.58 RESORT HOTEL 0.39 0.39 0.40 RESTAURANT -FAST FOOD 4.78 4.87 4.96 RESTAURANT -QUALITY 1.10 1.12 1.14 RESTAURANT -SIT DOWN 2.55 2.59 2.64 S & L-WALK IN 0.93 0.94 0.96 S & L -WITH DRIVE THRU 1.27 1.30 1.32 UNIVERSITY 0.38 0.39 0.39 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.36 0.37 0.37 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.29 0.30 0.30 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2009-10 FY 2010-11 $4,395.56 $4,328.62 4,395.56 4,328.62 2,774.38 2,732.13 2,774.38 2,732.13 2,774.38 2,732.13 $1.46 $1.43 0.61 0.60 1.13 1.12 2.30 2.27 3.24 3.19 1.19 1.17 3.14 3.10 0.54 0.53 0.52 0.51 0.76 0.75 4.90 4.83 0.58 0.57 0.55 0.54 1.40 1.38 0.52 0.51 1.91 1.88 0.42 0.41 0.70 0.69 0.62 0.61 0.42 0.41 0.38 0.38 0.39 0.39 0.76 0.75 0.44 0.44 2.67 2.63 0.48 0.48 1.16 1.14 0.46 0.45 0.53 0.52 0.48 0.47 0.43 0.43 5.05 4.97 0.92 0.90 0.60 0.59 0.41 0.41 5.11 5.03 1.18 1.16 2.72 2.68 0.99 0.97 1.36 1.34 0.41 0.40 0.38 0.38 0.31 0.31 ATTACHMENT A Page7 FY 2011-12 FY 2012-13 $4,388.39 $4,440.42 4,388.39 4,440.42 2,769.85 2,802.69 2,769.85 2,802.69 2,769.85 2,802.69 $1.45 $1.47 0.61 0.62 1.13 1.14 2.30 2.33 3.24 3.28 1.19 1.20 3.14 3.18 0.54 0.54 0.52 0.53 0.76 0.77 4.89 4.95 0.58 0.58 0.55 0.55 1.39 1.41 0.52 0.52 1.91 1.93 0.42 0.42 0.70 0.70 0.62 0.63 0.42 0.42 0.38 0.39 0.39 0.40 0.76 0.77 0.44 0.45 2.66 2.69 0.48 0.49 1.16 1.17 0.46 0.46 0.53 0.53 0.48 0.48 0.43 0.44 5.04 5.10 0.91 0.92 0.60 0.61 0.41 0.42 5.10 5.16 1.18 1.19 2.72 2.75 0.99 1.00 1.36 1.38 0.41 0.41 0.38 0.39 0.31 0.32 June 26, 2018 Item #4 Page 14 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA I: FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0-1.5 DU /ACRE $4,440.42 $4,533.88 $4,587.64 1.51 -4.0 DU/ACRE 4,440.42 4,533.88 4,587.64 4.1 -8.0 DU/ACRE 2,802.69 2,861.68 2,895.61 8.1 -15.0 DU/ACRE 2,802.69 2,861.68 2,895.61 15.1 -23.0 DU/ACRE 2,802.69 2,861.68 2,895.61 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $1.47 $1.50 $1.52 AUTO -REPAIR & SALES 0.62 0.63 0.64 AUTO CAR WASH 1.14 1.17 1.18 BANK-WALK IN 2.33 2.38 2.40 BANK -WITH DRIVE THRU 3.28 3.34 3.38 BOWLING ALLEY 1.20 1.23 1.24 CAMPGROUND 3.18 3.24 3.28 CHURCH 0.54 0.55 0.56 COMMERCIAL SHOPS 0.53 0.54 0.54 COMMUNITY SHOPPING CENTER 0.77 0.79 0.79 CONVENIENCE MARKET 4.95 5.06 5.12 DISCOUNT STORE 0.58 0.60 0.60 GOLF COURSE 0.55 0.57 0.57 GROCERY STORE 1.41 1.44 1.46 HEALTH CLUB 0.52 0.54 0.54 HELIPORTS 1.93 1.97 1.99 HOSPITAL -CONVALESCENT 0.42 0.43 0.44 HOSPITAL -GENERAL 0.70 0.72 0.73 HOTEL -CONV. FAC/COMM. 0.63 0.64 0.65 INDOOR SPORTS ARENA 0.42 0.43 0.44 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.39 0.40 0.40 JUNIOR COLLEGE 0.40 0.41 0.41 LIBRARY 0.77 0.79 0.80 LUMBER/HARDWARE STORE 0.45 0.46 0.46 MARINA 2.69 2.75 2.78 MOTEL 0.49 0.50 0.50 NEIGHBORHOOD SHOPPING CENTER 1.17 1.20 1.21 OFFICE -COMMERCIAL (< 100,000 SF) 0.46 0.47 0.48 OFFICE -GOVERNMENT 0.53 0.54 0.55 OFFICE -HIGH RISE 0.48 0.49 0.50 OFFICE -MEDICAL 0.44 0.45 0.45 OUTDOOR TENNIS COURT 5.10 5.21 5.27 RACE TRACK 0.92 0.94 0.96 REGIONAL SHOPPING CENTER 0.61 0.62 0.63 RESORT HOTEL 0.42 0.43 0.43 RESTAURANT -FAST FOOD 5.16 5.27 5.33 RESTAURANT -QUALITY 1.19 1.22 1.23 RESTAURANT -SIT DOWN 2.75 2.81 2.84 S & L-WALK IN 1.00 1.02 1.03 S & L -WITH DRIVE THRU 1.38 1.41 1.42 UNIVERSITY 0.41 0.42 0.42 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.39 0.40 0.40 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.32 0.32 0.33 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2016-17 FY 2017-18 $4,621.79 $4,719.07 4,621.79 4,719.07 2,917.17 2,978.57 2,917.17 2,978.57 2,917.17 2,978.57 $1.53 $1.56 0.64 0.66 1.19 1.22 2.42 2.47 3.41 3.48 1.25 1.28 3.31 3.37 0.56 0.58 0.55 0.56 0.80 0.82 5.15 5.26 0.61 0.62 0.58 0.59 1.47 1.50 0.55 0.56 2.01 2.05 0.44 0.45 0.73 0.75 0.65 0.67 0.44 0.45 0.40 0.41 0.41 0.42 0.80 0.82 0.47 0.48 2.80 2.86 0.51 0.52 1.22 1.25 0.48 0.49 0.55 0.56 0.50 0.51 0.46 0.47 5.31 5.42 0.96 0.98 0.63 0.65 0.43 0.44 5.37 5.48 1.24 1.27 2.86 2.92 1.04 1.06 1.43 1.46 0.43 0.44 0.40 0.41 0.33 0.34 ATTACHMENT A Page 8 FY 2018-19 $4,777.33 4,777.33 3,015.34 3,015.34 3,015.34 $1.58 0.67 1.23 2.50 3.52 1.29 3.42 0.58 0.57 0.83 5.33 0.63 0.60 1.52 0.56 2.07 0.45 0.76 0.68 0.45 0.42 0.43 0.83 0.48 2.90 0.52 1.26 0.50 0.57 0.52 0.47 5.49 1.00 0.65 0.45 5.55 1.28 2.96 1.08 1.48 0.44 0.42 0.34 June 26, 2018 Item #4 Page 15 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DA TE TAX RATE IMPROVEMENT AREA II: MAY 7, 1991 FY 1993-94 FY 1994-95 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0-1.5 DU /ACRE $2,956.12 $3,061.86 $3,095.18 1.51 -4.0 DU/ACRE 2,956.12 3,061.86 3,095.18 4.1 -8.0 DU/ACRE 1,782.15 1,845.90 1,865.98 8.1 -15.0 DU/ACRE 1,782.15 1,845.90 1,865.98 15.1 -23.0 DU/ACRE 1,782.15 1,845.90 1,865.98 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $0.41 $0.42 $0.42 AUTO -REPAIR & SALES 0.22 0.23 0.23 AUTO CAR WASH 0.35 0.37 0.37 BANK -WALK IN 0.64 0.67 0.68 BANK -WITH DRIVE THRU 0.80 0.83 0.84 BOWLING ALLEY 0.40 0.41 0.42 CAMPGROUND 0.70 0.72 0.73 CHURCH 0.27 0.28 0.28 COMMERCIAL SHOPS 0.22 0.23 0.23 COMMUNITY SHOPPING CENTER 0.25 0.26 0.26 CONVENIENCE MARKET 0.94 0.98 0.99 DISCOUNT STORE 0.22 0.23 0.23 GOLF COURSE 0.30 0.31 0.31 GROCERY STORE 0.36 0.37 0.38 HEALTH CLUB 0.26 0.27 0.27 HELIPORTS 0.51 0.53 0.54 HOSPITAL-CONVALESCENT 0.31 0.32 0.33 HOSPITAL -GENERAL 0.45 0.46 0.47 HOTEL -CONV. FAG/COMM. 0.35 0.37 0.37 INDOOR SPORTS ARENA 0.31 0.32 0.33 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.21 0.22 0.22 JUNIOR COLLEGE 0.27 0.28 0.28 LIBRARY 0.40 0.42 0.42 LUMBER/HARDWARE STORE 0.22 0.23 0.23 MARINA 0.62 0.64 0.65 MOTEL 0.29 0.30 0.30 NEIGHBORHOOD SHOPPING CENTER 0.32 0.33 0.33 OFFICE -COMMERCIAL(< 100,000 SF) 0.25 0.25 0.26 OFFICE -GOVERNMENT 0.26 0.27 0.28 OFFICE -HIGH RISE 0.26 0.27 0.27 OFFICE -MEDICAL 0.29 0.30 0.30 OUTDOOR TENNIS COURT 1.02 1.05 1.07 RACE TRACK 0.33 0.34 0.34 REGIONAL SHOPPING CENTER 0.23 0.23 0.24 RESORT HOTEL 0.28 0.29 0.29 RESTAURANT -FAST FOOD 1.06 1.10 1.11 RESTAURANT -QUALITY 0.43 0.45 0.45 RESTAURANT -SIT DOWN 0.66 0.69 0.69 S & L-WALK IN 0.42 0.44 0.44 S & L -WITH DRIVE THRU 0.49 0.51 0.51 UNIVERSITY 0.27 0.28 0.28 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.20 0.21 0.21 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.20 0.21 0.21 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 1995-96 FY 1996-97 $3,095.18 $3,098.27 3,095.18 3,098.27 1,865.98 1,867.85 1,865.98 1,867.85 1,865.98 1,867.85 $0.42 $0.42 0.23 0.23 0.37 0.37 0.68 0.68 0.84 0.84 0.42 0.42 0.73 0.73 0.28 0.28 0.23 0.23 0.26 0.26 0.99 0.99 0.23 0.23 0.31 0.31 0.38 0.38 0.27 0.27 0.54 0.54 0.33 0.33 0.47 0.47 0.37 0.37 0.33 0.33 0.22 0.22 0.28 0.28 0.42 0.42 0.23 0.23 0.65 0.65 0.30 0.30 0.33 0.33 0.26 0.26 0.28 0.28 0.27 0.27 0.30 0.30 1.07 1.07 0.34 0.34 0.24 0.24 0.29 0.29 1.11 1.11 0.45 0.45 0.69 0.69 0.44 0.45 0.51 0.51 0.28 0.28 0.21 0.21 0.21 0.21 ATTACHMENT A Page9 FY 1997-98 FY 1998-99 $3,116.75 $3,135.34 3,116.75 3,135.34 1,878.99 1,890.20 1,878.99 1,890.20 1,878.99 1,890.20 $0.43 $0.43 0.23 0.23 0.37 0.37 0.68 0.68 0.85 0.85 0.42 0.42 0.74 0.74 0.29 0.29 0.23 0.23 0.27 0.27 1.00 1.00 0.23 0.23 0.32 0.32 0.38 0.38 0.27 0.27 0.54 0.55 0.33 0.33 0.47 0.47 0.37 0.37 0.33 0.33 0.22 0.22 0.28 0.28 0.42 0.43 0.23 0.23 0.65 0.66 0.30 0.31 0.34 0.34 0.26 0.26 0.28 0.28 0.27 0.27 0.31 0.31 1.07 1.08 0.34 0.35 0.24 0.24 0.29 0.29 1.12 1.13 0.46 0.46 0.70 0.70 0.45 0.45 0.51 0.52 0.28 0.28 0.21 0.21 0.21 0.21 June 26, 2018 Item #4 Page 16 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA II: FY 1999-00 FY 2000-01 FY 2001-02 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0 -1.5 DU /ACRE $3,170.98 $3,222.46 $3,270.08 1.51 -4.0 DU/ACRE 3,170.98 3,222.46 3,270.08 4.1 -8.0 DU/ACRE 1,911.69 1,942.72 1,971.43 8.1 -15.0 DU/ACRE 1,911.69 1,942.72 1,971.43 15.1 -23.0 DU/ACRE 1,911.69 1,942.72 1,971.43 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $0.43 $0.44 $0.45 AUTO -REPAIR & SALES 0.24 0.24 0.24 AUTO CAR WASH 0.38 0.38 0.39 BANK -WALK IN 0.69 0.70 0.71 BANK -WITH DRIVE THRU 0.86 0.87 0.89 BOWLING ALLEY 0.43 0.4,3 0.44 CAMPGROUND 0.75 0.76 0.77 CHURCH 0.29 0.30 0.30 COMMERCIAL SHOPS 0.24 0.24 0.24 COMMUNITY SHOPPING CENTER 0.27 0.27 0.28 CONVENIENCE MARKET 1.01 1.03 1.04 DISCOUNT STORE 0.24 0.24 0.24 GOLF COURSE 0.32 0.33 0.33 GROCERY STORE 0.38 0.39 0.40 HEALTH CLUB 0.28 0.28 0.29 HELIPORTS 0.55 0.56 0.57 HOSPITAL -CONVALESCENT 0.34 0.34 0.35 HOSPITAL -GENERAL 0.48 0.49 0.49 HOTEL -CONV. FAC/COMM. 0.38 0.38 0.39 INDOOR SPORTS ARENA 0.34 0.34 0.35 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.23 0.23 0.23 JUNIOR COLLEGE 0.29 0.29 0.29 LIBRARY 0.43 0.44 0.44 LUMBER/HARDWARE STORE 0.24 0.24 0.24 MARINA 0.66 0.67 0.68 MOTEL 0.31 0.31 0.32 NEIGHBORHOOD SHOPPING CENTER 0.34 0.35 0.35 OFFICE -COMMERCIAL(< 100,000 SF) 0.26 0.27 0.27 OFFICE -GOVERNMENT 0.28 0.29 0.29 OFFICE -HIGH RISE 0.28 0.28 0.29 OFFICE -MEDICAL 0.31 0.32 0.32 OUTDOOR TENNIS COURT 1.09 1.11 1.13 RACE TRACK 0.35 0.36 0.36 REGIONAL SHOPPING CENTER 0.24 0.25 0.25 RESORT HOTEL 0.30 0.30 0.31 RESTAURANT -FAST FOOD 1.14 1.16 1.18 RESTAURANT -QUALITY 0.46 0.47 0.48 RESTAURANT-SIT DOWN 0.71 0.72 0.73 S & L-WALK IN 0.46 0.46 0.47 S & L -WITH DRIVE THRU 0.52 0.53 0.54 UNIVERSITY 0.29 0.29 0.30 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.22 0.22 0.22 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.21 0.22 0.22 NOTES: T AA RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. T AA RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1. ENGINEERING NEWS RECORD INFLATION RATE WAS 2.5%. ACTUAL TAA RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2002-03 FY 2003-04 $3,302.46 $3,331.91 3,302.46 3,331.91 1,990.95 2,008.70 1,990.95 2,008.70 1,990.95 2,008.70 $0.45 $0.46 0.25 0.25 0.39 0.40 0.72 0.73 0.90 0.90 0.44 0.45 0.78 0.79 0.30 0.31 0.25 0.25 0.28 0.28 1.06 1.06 0.25 0.25 0.34 0.34 0.40 0.40 0.29 0.29 0.57 0.58 0.35 0.35 0.50 0.50 0.39 0.40 0.35 0.35 0.24 0.24 0.30 0.30 0.45 0.45 0.25 0.25 0.69 0.70 0.32 0.33 0.36 0.36 0.27 0.28 0.29 0.30 0.29 0.29 0.32 0.33 1.14 1.15 0.36 0.37 0.25 0.25 0.31 0.31 1.19 1.20 0.48 0.49 0.74 0.75 0.47 0.48 0.54 0.55 0.30 0.30 0.23 0.23 0.22 0.22 ATTACHMENT A Page 10 FY 2004-05 FY 2005-06 $3,379.54 $3,482.74 3,379.54 3,482.74 2,037.41 2,099.63 2,037.41 2,099.63 2,037.41 2,099.63 $0.46 $0.48 0.25 0.26 0.40 0.42 0.74 0.76 0.92 0.94 0.45 0.47 0.80 0.82 0.31 0.32 0.25 0.26 0.29 0.30 1.08 1.11 0.25 0.26 0.34 0.35 0.41 0.42 0.30 0.31 0.59 0.61 0.36 0.37 0.51 0.53 0.40 0.42 0.36 0.37 0.24 0.25 0.30 0.31 0.46 0.47 0.25 0.26 0.71 0.73 0.33 0.34 0.36 0.37 0.28 0.29 0.30 0.31 0.29 0.30 0.33 0.34 1.16 1.20 0.37 0.38 0.26 0.27 0.32 0.33 1.21 1.25 0.50 0.51 0.76 0.78 0.49 0.50 0.56 0.57 0.31 0.32 0.23 0.24 0.23 0.23 June 26, 2018 Item #4 Page 17 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA II: FY 2006-07 FY 2007-08 FY 2008-09 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0 -1.5 DU /ACRE $3,542.64 $3,606.99 $3,672.50 1.51 -4.0 DU/ACRE 3,542.64 3,606.99 3,672.50 4.1 -8.0 DU/ACRE 2,135.74 2,174.54 2,214.04 8.1 -15.0 DU/ACRE 2,135.74 2,174.54 2,214.04 15.1 -23.0 DU/ACRE 2,135.74 2,174.54 2,214.04 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $0.49 $0.49 $0.50 AUTO -REPAIR & SALES 0.27 0.27 0.28 AUTO CAR WASH 0.42 0.43 0.44 BANK-WALK IN 0.77 0.79 0.80 BANK -WITH DRIVE THRU 0.96 0.98 1.00 BOWLING ALLEY 0.48 0.48 0.49 CAMPGROUND 0.84 0.85 0.87 CHURCH 0.33 0.33 0.34 COMMERCIAL SHOPS 0.27 0.27 0.28 COMMUNITY SHOPPING CENTER 0.30 0.31 0.31 CONVENIENCE MARKET 1.13 1.15 1.17 DISCOUNT STORE 0.27 0.27 0.28 GOLF COURSE 0.36 0.37 0.37 GROCERY STORE 0.43 0.44 0.45 HEALTH CLUB 0.31 0.32 0.32 HELIPORTS 0.62 0.63 0.64 HOSPITAL -CONVALESCENT 0.37 0.38 0.39 HOSPITAL -GENERAL 0.53 0.54 0.55 HOTEL -CONV. FAC/COMM. 0.42 0.43 0.44 INDOOR SPORTS ARENA 0.37 0.38 0.39 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.25 0.26 0.26 JUNIOR COLLEGE 0.32 0.32 0.33 LIBRARY 0.48 0.49 0.50 LUMBER/HARDWARE STORE 0.27 0.27 0.28 MARINA 0.74 0.75 0.77 MOTEL 0.35 0.35 0.36 NEIGHBORHOOD SHOPPING CENTER 0.38 0.39 0.40 OFFICE -COMMERCIAL(< 100,000 SF) 0.29 0.30 0.30 OFFICE -GOVERNMENT 0.32 0.32 0.33 OFFICE -HIGH RISE 0.31 0.31 0.32 OFFICE -MEDICAL 0.35 0.35 0.36 OUTDOOR TENNIS COURT 1.22 1.24 1.26 RACE TRACK 0.39 0.40 0.41 REGIONAL SHOPPING CENTER 0.27 0.28 0.28 RESORT HOTEL 0.33 0.34 0.34 RESTAURANT-FAST FOOD 1.27 1.30 1.32 RESTAURANT -QUALITY 0.52 0.53 0.54 RESTAURANT -SIT DOWN 0.79 0.81 0.82 S & L-WALK IN 0.51 0.52 0.53 S & L -WITH DRIVE THRU 0.58 0.60 0.61 UNIVERSITY 0.32 0.33 0.33 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.24 0.25 0.25 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.24 0.24 0.25 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 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2009-10 FY 2010-11 $3,786.38 $3,728.72 3,786.38 3,728.72 2,282.69 2,247.93 2,282.69 2,247.93 2,282.69 2,247.93 $0.52 $0.51 0.28 0.28 0.45 0.45 0.83 0.81 1.03 1.01 0.51 0.50 0.90 0.88 0.35 0.34 0.28 0.28 0.32 0.32 1.21 1.19 0.28 0.28 0.38 0.38 0.46 0.45 0.33 0.33 0.66 0.65 0.40 0.39 0.57 0.56 0.45 0.45 0.40 0.39 0.27 0.27 0.34 0.34 0.51 0.51 0.28 0.28 0.79 0.78 0.37 0.36 0.41 0.40 0.31 0.31 0.34 0.33 0.33 0.33 0.37 0.37 1.30 1.28 0.42 0.41 0.29 0.28 0.36 0.35 1.36 1.34 0.55 0.55 0.85 0.84 0.54 0.54 0.62 0.62 0.34 0.34 0.26 0.25 0.25 0.25 ATTACHMENT A Page 11 FY 2011-12 FY 2012-13 $3,780.20 $3,825.03 3,780.20 3,825.03 2,278.96 2,305.99 2,278.96 2,305.99 2,278.96 2,305.99 $0.52 $0.52 0.28 0.29 0.45 0.46 0.82 0.83 1.03 1.04 0.51 0.51 0.89 0.90 0.35 0.35 0.28 0.29 0.32 0.33 1.21 1.22 0.28 0.29 0.38 0.39 0.46 0.46 0.33 0.34 0.66 0.67 0.40 0.40 0.57 0.58 0.45 0.46 0.40 0.40 0.27 0.27 0.34 0.34 0.51 0.52 0.28 0.29 0.79 0.80 0.37 0.37 0.41 0.41 0.31 0.32 0.34 0.34 0.33 0.33 0.37 0.38 1.30 1.32 0.42 0.42 0.29 0.29 0.35 0.36 1.36 1.37 0.55 0.56 0.85 0.86 0.54 0.55 0.62 0.63 0.34 0.35 0.26 0.26 0.25 0.26 June 26, 2018 Item #4 Page 18 of 19 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2018-19 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE FORMATION OR ANNEXATION DATE TAX RATE IMPROVEMENT AREA II: FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER DWELLING UNIT) (55% of the Maximum Tax) 0-1.5 DU /ACRE $3,825.03 $3,905.53 $3,951.84 1.51 -4.0 DU/ACRE 3,825.03 3,905.53 3,951.84 4.1 -8.0 DU/ACRE 2,305.99 2,354.52 2,382.44 8.1 -15.0 DU/ACRE 2,305.99 2,354.52 2,382.44 15.1 -23.0 DU/ACRE 2,305.99 2,354.52 2,382.44 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO -GASOLINE $0.52 $0.54 $0.54 AUTO -REPAIR & SALES 0.29 0.29 0.30 AUTO CAR WASH 0.46 0.47 0.47 BANK -WALK IN 0.83 0.85 0.86 BANK -WITH DRIVE THRU 1.04 1.06 1.07 BOWLING ALLEY 0.51 0.52 0.53 CAMPGROUND 0.90 0.92 0.93 CHURCH 0.35 0.36 0.36 COMMERCIAL SHOPS 0.29 0.29 0.30 COMMUNITY SHOPPING CENTER 0.33 0.33 0.34 CONVENIENCE MARKET 1.22 1.25 1.26 DISCOUNT STORE 0.29 0.29 0.30 GOLF COURSE 0.39 0.40 0.40 GROCERY STORE 0.46 0.47 0.48 HEALTH CLUB 0.34 0.34 0.35 HELIPORTS 0.67 0.68 0.69 HOSPITAL-CONVALESCENT 0.40 0.41 0.42 HOSPITAL -GENERAL 0.58 0.59 0.60 HOTEL -CONV. FAC/COMM. 0.46 0.47 0.47 INDOOR SPORTS ARENA 0.40 0.41 0.42 INDUSTRIAL -COMMERCIAL BUSINESS PARK 0.27 0.28 0.28 JUNIOR COLLEGE 0.34 0.35 0.36 LIBRARY 0.52 0.53 0.54 LUMBER/HARDWARE STORE 0.29 0.29 0.30 MARINA 0.80 0.82 0.83 MOTEL 0.37 0.38 0.39 NEIGHBORHOOD SHOPPING CENTER 0.41 0.42 0.43 OFFICE -COMMERCIAL(< 100,000 SF) 0.32 0.32 0.33 OFFICE -GOVERNMENT 0.34 0.35 0.35 OFFICE -HIGH RISE 0.33 0.34 0.34 OFFICE -MEDICAL 0.38 0.38 0.39 OUTDOOR TENNIS COURT 1.32 1.34 1.36 RACE TRACK 0.42 0.43 0.44 REGIONAL SHOPPING CENTER 0.29 0.30 0.30 RESORT HOTEL 0.36 0.37 0.37 RESTAURANT -FAST FOOD 1.37 1.40 1.42 RESTAURANT -QUALITY 0.56 0.57 0.58 RESTAURANT -SIT DOWN 0.86 0.88 0.89 S & L-WALK IN 0.55 0.56 0.57 S & L -WITH DRIVE THRU 0.63 0.64 0.65 UNIVERSITY 0.35 0.35 0.36 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.26 0.27 0.27 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.26 0.26 0.27 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 N0.1. ENGINEERING NEWS RECORD INFLATION RATE WAS 2.5%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FY 2016-17 FY 2017-18 $3,981.26 $4,065.06 3,981.26 4,065.06 2,400.18 2,450.69 2,400.18 2,450.69 2,400.18 2,450.69 $0.55 $0.56 0.30 0.30 0.48 0.49 0.87 0.89 1.08 1.10 0.53 0.55 0.94 0.96 0.37 0.37 0.30 0.30 0.34 0.35 1.27 1.30 0.30 0.30 0.40 0.41 0.48 0.49 0.35 0.36 0.69 0.71 0.42 0.43 0.60 0.61 0.48 0.49 0.42 0.43 0.29 0.29 0.36 0.37 0.54 0.55 0.30 0.30 0.83 0.85 0.39 0.40 0.43 0.44 0.33 0.34 0.35 0.36 0.35 0.35 0.39 0.40 1.37 1.40 0.44 0.45 0.30 0.31 0.37 0.38 1.43 1.46 0.58 0.60 0.89 0.91 0.57 0.58 0.66 0.67 0.36 0.37 0.27 0.28 0.27 0.27 ATTACHMENT A Page 12 FY 2018-19 $4,115.24 4,115.24 2,480.95 2,480.95 2,480.95 $0.56 0.31 0.49 0.90 1.12 0.55 0.97 0.38 0.31 0.35 1.32 0.31 0.42 0.50 0.36 0.72 0.44 0.62 0.49 0.44 0.29 0.37 0.56 0.31 0.86 0.40 0.44 0.34 0.37 0.36 0.40 1.42 0.45 0.31 0.39 1.48 0.60 0.92 0.59 0.68 0.37 0.28 0.28 June 26, 2018 Item #4 Page 19 of 19