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HomeMy WebLinkAbout2020-06-09; City Council; ; Establish Fiscal Year 2020-21 Special Taxes for Community Facilities District No. 1CA Review CKM  Meeting Date: June 9, 2020  To: Mayor and City Council  From: Scott Chadwick, City Manager  Staff Contact: Ryan Green, Assistant Finance Director  ryan.green@carlsbadca.gov, 760‐602‐2414  Subject: Establish Fiscal Year 2020‐21 Special Taxes for Community Facilities  District No. 1 Recommended Action  Adopt a resolution establishing the fiscal year 2020‐21 special taxes for Community Facilities  District No. 1.  Executive Summary   Community Facilities District No. 1 was formed in 1991 to provide a variety of infrastructure  projects needed to meet growth management requirements. The future Civic Center, Orion  Center and Veterans Memorial Park are some examples of future infrastructure projects  Community Facilities District No. 1 will fund. Each year the maximum special tax rates and  actual special tax rates are adjusted and authorized by the City Council.  Staff is recommending the City Council approve the proposed maximum special tax rates for  fiscal year 2020‐21 for property within District No. 1, which reflect a decrease of 0.2%, and to  approve the proposed actual special tax rates of 70% of the maximum for residential  development and 10.02% for nonresidential development.   Discussion    Background  In 1982, the California Legislature responded to the need for a high‐quality method of financing  public improvements by approving the Mello‐Roos Community Facilities Act. 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 community facilities district.  Under City Council Policy No. 33, community facilities district financing is not intended to relieve  any developer of the responsibility to provide funding for infrastructure improvements related  to a single development. If the community facilities district has been formed to finance the  construction of public infrastructure, City 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 City Council Policy  No. 33 ensures the obligation on a residential unit is paid in full when the building permit is  issued, community facilities district financing does not affect homeowners in Carlsbad, so a  Carlsbad homeowner will not pay city‐imposed Mello‐Roos taxes. However, under City Council  June 9, 2020 Item #3 Page 1 of 26 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 25‐year period.  The city and property owners of specific vacant parcels in Carlsbad worked together to form  Community Facilities District No. 1. The City Council held a public hearing, an election and  subsequently formed the district on May 7, 1991. The initial boundaries included zones with  property currently in the development process and provided for annexation into the  community facilities district of property with future development potential. The community  facilities district specifically excluded zones 1, 2, 3, 4 and 6 as they were identified as “in‐fill”  projects only. A current map of the boundaries of the community facilities district can be found  in Exhibit 4. At formation, the idea was that entire zones would annex at one time. This did not  happen as projects are annexed at first discretionary approval, excluding a master plan or  specific plan.  The community facilities district was intended to establish a funding mechanism that would  allow growth management standards to be met. Certain key infrastructure projects were taken  out of existing fee programs – specifically, the Bridge and Thoroughfare District No. 1 and public  facilities fees and traffic impact fees – and moved into District No. 1, as detailed below. These  projects were or are now partially paid for through the levy of taxes from property within the  district and partially funded from the existing fees from properties outside the district.  Community Facilities District No. 1 cannot be used to pay for any other projects.   Where the money goes  Through debt financing or available cash balances, the district has funded or will fund the  capital projects at the following sites:   Civic facilities  Carlsbad City Library on Dove Lane – complete Cole Library Orion Center (Public Works Yard) Civic Center (City Hall) Veterans Memorial Park Interstate 5 interchanges  Palomar Airport Road – complete La Costa Avenue – complete Poinsettia Lane – complete Road segments   La Costa Avenue – complete Olivenhain Road – complete Cannon Road – complete Faraday Avenue – complete June 9, 2020 Item #3 Page 2 of 26 How the tax is structured  The special tax rates for the district are based on the benefits that properties would derive from  the projects to be funded. When the district was formed, it was determined that the  proportional benefit from the improvements within the community facilities district, both  initially and including annexations expected later, based on zoning and land use projections,  was at the ratio of approximately 65% for residential projects and 35% for non‐residential  projects. This relationship and resulting funding requirements were used to establish the initial  special tax rates. The community facilities district revenues and expenditures have been  accounted for separately using the 65%/35% ratio between residential and non‐residential.  Review by legal counsel determined this ratio cannot be changed without complying with the  requirements of the Mello‐Roos Community Facilities Act, including the majority protest and  voter approval requirements. Under City Council Policy No. 33, the community facilities district  tax cannot be cannot be levied onto the eventual purchasers of properties developed with a  residential use. Instead the tax must be paid off when the building permit is issued. The tax on  non‐residential developments may be paid off at the time a building permit is issued or, if the  property owner prefers, over a 25‐year period.  In June 1991, the City Council adopted an ordinance establishing the special tax formula and  maximum rates for the district. The maximum special tax rate for property within the  community facilities district is adjusted each year by one‐half of the annual change in the Los  Angeles inflationary factor in the Engineering News‐Record Cost Indexes by City.1 The maximum  special tax rate for property not yet included within Community Facilities District No. 1 is  adjusted by the full percentage change in that index until the fiscal year of annexation. Although  the ordinance established a ceiling for future special tax rates, it did not establish the actual  special tax rates placed on each applicable parcel. Each fiscal year, the city establishes the  actual special tax rates based on the funding needs of future years within the constraint of the  maximum special tax rate.  The actual special rates recommended for fiscal year 2020‐21 are presented in Attachment A to  Exhibit 1. That attachment also shows the maximum and actual special tax rate schedules for  properties included within Community Facilities District No. 1 when the district was formed and  for properties annexed later. The April 2020 Engineering News‐Record index reflects an annual  percentage change in the construction cost of negative 0.4%. The maximum special tax rates  reflect a decrease of one‐half of the ENR index or 0.2%, as described above.  Tax on vacant properties  Sufficient revenues will be collected from the developed residential category to pay for the  capital projects in the community facilities district plans. Consistent with last fiscal year, staff  recommends that the special tax not be levied on vacant property planned for future residential  development in the upcoming fiscal year. The City Council has not levied this tax since 2002.  Sufficient revenues will also be collected from the developed non‐residential category to pay for  the capital projects in the community facilities district plans. As such, and consistent with last  1 Engineering News‐Record is a publication that covers engineering and construction news. It’s Construction Cost  Index and Building Cost index are widely used in the construction industry.  June 9, 2020 Item #3 Page 3 of 26 fiscal year, staff recommends that vacant property planned for future non‐residential  development is not levied in the upcoming fiscal year. City Council has not levied this tax since  2003.  Tax on residential properties  This tax is paid by the property owner when a building permit is issued. It is based on the  density of the project and the number of units for residential properties.  As shown in Attachment A of Exhibit 1, there is a recommended change to the percent of the  maximum one‐time special tax levied at the time a residential building permit is issued. The  percent of the maximum one‐time special tax levied at issuance is recommended to increase  from 65% of the maximum special tax for fy 2019‐20 to 70% of the maximum special tax for fy  2020‐21. This change is needed to pay for project costs and maintain the allocation of project  costs between the residential and non‐residential categories of special tax. In keeping with the  rate and method of apportionment, 65% of capital costs are allocated to residential properties  and 35% to non‐residential properties.   Under this recommendation, examples of the one‐time residential rates in one of the two areas  in the district, Improvement Area No. 1, for properties with a density up to 4.0 dwelling units  per acre are estimated to be:  At the current 2019‐20 rate = $4,086 to $5,731 per dwelling unit At 70 percent of the maximum rate for 2020‐21 = $4,392 to $6,159 per dwelling unit (The amounts vary depending on the date the property was annexed into the district. See  Attachment A to Exhibit 1 for more information.)  Tax on non‐residential properties  As reflected in Attachment A, the percent of the maximum one‐time special tax levied at the  time a non‐residential building permit is issued is recommended to increase from 10% of the  maximum special tax for fy 2019‐20 to 10.02% of the maximum special tax for fy 2020‐21. This  proposed increase will offset the decrease in the Engineering News Record’s index and result in  the same special tax as was levied in the previous year.   Certain non‐residential property owners elected not to pay off their community facilities district  obligation at the time their building permits were issued. Instead, they chose to assume an  annual special tax for developed property over 25 years. According to the community facilities  district documents, the annual special tax on developed property shall not exceed 13.81% of  the authorized one‐time payoff special tax for non‐residential property. This percentage rate  was determined based on the average cost of bond financing, which is 11%, plus financing  costs. The proposed fiscal year 2020‐21 special tax rate for developed property is 7.5% of each  property's one‐time payoff special tax. This rate remains unchanged from the previous fiscal  year.   June 9, 2020 Item #3 Page 4 of 26 Summary  The special tax rates proposed for Community Facilities District No. 1 are based on the cash flow  requirements needed to fund the remaining projects while maintaining the requirements of  each categories’ share of the project costs. 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 project cost estimates are updated or projects are  completed. Without the proposed increases in the residential, projected funding levels for  Community Facilities District No. 1 projects would not be achieved and these projects, as  currently planned, would require additional funding from alternative sources.  An updated Community Facilities District No. 1 Project Schedule showing the current, future  and completed projects is included as Exhibit 2 of this staff report.  The table below summarizes the percentage of maximum special tax levy proposed under each  property type.    When Community Facilities District No. 1 was formed in 1991, the actual special tax rate for  residential and non‐residential was set at 100% of the maximum special tax rate. Beginning in fy  1998‐99, the city began to lower the residential special tax rates from 100% of the maximum.  During fy 2005‐06 the special tax rates reached a low of 30% of the maximum special tax 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%  of the maximum in fy 2000‐01 until achieving the rate of 30% of the maximum starting in fiscal  year 2005‐06. That rate was adjusted to 25% in fy 2011‐12 and most recently to 10% in fiscal  year 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  changes in growth projections. A history of the tax rates for Community Facilities District No. 1  is included as Exhibit 3.  Fiscal Analysis  Levying the special taxes on parcels within Community Facilities District No. 1 has created the  necessary cash flow to finance the construction of the three Interstate 5 interchanges, the Dove  Library and segments of La Costa Avenue, Faraday Avenue and other road projects. The future  Orion Center, Veterans Memorial Park, Cole Library and Civic Center complex are the remaining  projects proposed to be funded or partially funded by Community Facilities District No. 1.  Residential property Non‐residential property  Current  fy 2019‐20  Proposed  fy 2020‐21  Current  fy 2019‐20  Proposed  fy 2020‐21  Vacant land tax None None None None  One‐time tax 65% of max 70% of max 10% of max 10.02% of max  Developed annual tax NA NA 7.5% 7.5%  June 9, 2020 Item #3 Page 5 of 26 Consistent with the prior fiscal year, a tax on vacant property will not be levied for fiscal year  2020‐21 if the proposed community facilities district special tax rates are approved.   The revenue generated from the one‐time special tax levied at the time building permits are  issued 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 $129,000 for fy 2020‐21. The revenue generated from a one‐time special tax  for non‐residential property, based on growth projections, is estimated to be $57,000 for fiscal  year 2020‐21.  An additional $1,030,000 is anticipated to be collected for fiscal year 2020‐21 from the non‐ residential developed special taxes. The maximum term of this tax is 25 years.   Next Steps  The new Community Facilities District No. 1 special tax rates for fiscal year 2020‐21 would take  effect July 1, 2020.  Environmental Evaluation (CEQA)  This action is not a “project” under the California Environmental Quality Act under State CEQA  Guidelines Section 15378(b)(4) as it is a government fiscal activity that does not involve any  commitment to any specific project which may result in a potentially significant physical impact  on the environment.   Public Notification  This item was noticed in accordance with the Ralph M. Brown Act and was available for public  viewing and review at least 72 hours prior to the scheduled meeting date.  Exhibits  1.City Council resolution 2.Community Facilities District No. 1 Project Schedule as of July 1, 2020 3.History of tax rates for Community Facilities District No. 1 4.Boundary map of Community Facilities District No. 1 June 9, 2020 Item #3 Page 6 of 26 RESOLUTION NO. 2020-101 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE FISCAL YEAR 2020-21 SPECIAL TAXES FOR COMMUNITY FACILITIES DISTRICT NO. 1. WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD, CALIFORNIA ("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 be referred to as COMMUNITY FACILITIES DISTRICT NO. 1 ("District"); and WHEREAS, this legislative body, by Ordinance as authorized by California Government Code Section 53340, has authorized the levy of a special tax to pay for costs and expenses related to the District, and this legislative body desires to establish the specific rate of the special tax to be collected for the next fiscal year 2020-21. NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe 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 2020-21 to pay for the costs and expenses for the District is determined and established as set forth in Attachment A. 3. That the rate as set forth in Attachment A does not exceed the amount as previously authorized by the Ordinance of this legislative body, and is not in excess of that as previously approved by the qualified electors of the District. 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; d. Repayment of advances and loans, if appropriate; and June 9, 2020 Item #3 Page 7 of 26 e. Payment of administrative expenses of the District. 5. That the proceeds of the special taxes shall be used as set forth above and shall not be used for any other purpose. 6. That 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 authorized to deduct reasonable administrative costs incurred in collecting any said special tax. 7. That all monies above collected shall be paid into the District funds, including any bond fund and reserve fund. 8. That the Finance Director is 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 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. 9. That 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 9th day of June 2020, by the following vote, to wit: AYES: NAYS: ABSENT: Hall, Blackburn, Bhat-Patel, Schumacher. None. None. MATT HALL, Mayor ~ Hec-/or 6omo1 Dep,; ,&/ BARBARA ENGLESON, City Clerk c,·11 (SEAL) C J'!i✓ June 9, 2020 Item #3 Page 8 of 26 ATTACHMENT A Page 1 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 RESIDENTIAL (PER ACRE) RL $396 $410 $415 $415 $415 $417 RLM 1,088 1,127 1,139 1,139 1,140 1,147 RM 1,823 1,889 1,909 1,909 1,911 1,923 RMH 2,796 2,896 2,927 2,927 2,930 2,948 RH 3,936 4,077 4,121 4,121 4,125 4,150 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,382 $3,503 $3,541 $3,541 $3,545 $3,566 INDUSTRIAL 1,691 1,752 1,771 1,771 1,772 1,783 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 RESIDENTIAL (PER ACRE) RL $390 $404 $409 $409 $409 $412 RLM 1,071 1,109 1,121 1,121 1,122 1,129 RM 1,715 1,776 1,796 1,796 1,797 1,808 RMH 2,632 2,727 2,756 2,756 2,759 2,775 RH 3,860 3,998 4,041 4,041 4,045 4,070 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,255 $2,335 $2,361 $2,361 $2,363 $2,377 INDUSTRIAL 1,353 1,401 1,416 1,416 1,418 1,426 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2020-21 ARE HEREIN ESTABLISHED AT $0 PER ACRE. 2020-21 MAXIMUM PERCENTAGE 2020-21 ACTUAL PERCENTAGE 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. % OF ONE-TIME SPECIAL TAX 13.81% 7.50% FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE TAX RATES FOR FISCAL YEAR 2020-21 ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 MAXIMUM UNDEVELOPED PROPERTY TAX June 9, 2020 Item #3 Page 9 of 26 ATTACHMENT A Page 2 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 RESIDENTIAL (PER ACRE) RL $420 $425 $432 $438 $442 $446 RLM 1,154 1,167 1,186 1,203 1,215 1,226 RM 1,934 1,956 1,988 2,017 2,037 2,055 RMH 2,965 2,999 3,048 3,093 3,123 3,151 RH 4,174 4,222 4,290 4,354 4,397 4,436 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,587 $3,628 $3,687 $3,741 $3,778 $3,812 INDUSTRIAL 1,794 1,814 1,843 1,871 1,889 1,906 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 RESIDENTIAL (PER ACRE) RL $414 $419 $426 $432 $436 $440 RLM 1,136 1,149 1,167 1,185 1,196 1,207 RM 1,819 1,840 1,869 1,897 1,916 1,933 RMH 2,792 2,824 2,870 2,912 2,941 2,967 RH 4,094 4,140 4,208 4,270 4,312 4,350 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,391 $2,419 $2,458 $2,494 $2,519 $2,541 INDUSTRIAL 1,435 1,451 1,475 1,497 1,511 1,525 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2020-21 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 MAXIMUM UNDEVELOPED PROPERTY TAX June 9, 2020 Item #3 Page 10 of 26 ATTACHMENT A Page 3 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 RESIDENTIAL (PER ACRE) RL $453 $467 $475 $483 $492 $507 RLM 1,244 1,282 1,304 1,327 1,352 1,393 RM 2,085 2,148 2,185 2,225 2,265 2,336 RMH 3,196 3,294 3,351 3,411 3,473 3,581 RH 4,500 4,637 4,717 4,802 4,890 5,041 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,866 $3,985 $4,053 $4,127 $4,202 $4,332 INDUSTRIAL 1,933 1,992 2,027 2,063 2,101 2,166 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 RESIDENTIAL (PER ACRE) RL $446 $460 $468 $476 $485 $500 RLM 1,224 1,262 1,283 1,307 1,331 1,372 RM 1,961 2,021 2,055 2,093 2,131 2,197 RMH 3,009 3,101 3,155 3,212 3,270 3,372 RH 4,413 4,547 4,626 4,710 4,795 4,944 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,578 $2,656 $2,702 $2,751 $2,801 $2,888 INDUSTRIAL 1,547 1,594 1,621 1,651 1,681 1,733 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2020-21 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 MAXIMUM UNDEVELOPED PROPERTY TAX June 9, 2020 Item #3 Page 11 of 26 ATTACHMENT A Page 4 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER ACRE) RL $499 $506 $512 $512 $523 $529 RLM 1,372 1,391 1,408 1,408 1,437 1,454 RM 2,300 2,332 2,359 2,359 2,409 2,438 RMH 3,527 3,575 3,618 3,618 3,694 3,738 RH 4,965 5,033 5,093 5,093 5,200 5,262 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,266 $4,325 $4,376 $4,376 $4,468 $4,521 INDUSTRIAL 2,133 2,162 2,188 2,188 2,234 2,261 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER ACRE) RL $492 $499 $505 $505 $516 $522 RLM 1,351 1,370 1,386 1,386 1,415 1,432 RM 2,163 2,193 2,219 2,219 2,266 2,293 RMH 3,320 3,366 3,406 3,406 3,478 3,519 RH 4,869 4,936 4,994 4,994 5,099 5,160 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,844 $2,883 $2,917 $2,917 $2,979 $3,014 INDUSTRIAL 1,706 1,730 1,750 1,750 1,787 1,809 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2020-21 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 MAXIMUM UNDEVELOPED PROPERTY TAX June 9, 2020 Item #3 Page 12 of 26 ATTACHMENT A Page 5 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 RESIDENTIAL (PER ACRE) RL $533 $545 $551 $555 $554 RLM 1,465 1,496 1,514 1,526 1,523 RM 2,456 2,508 2,539 2,557 2,552 RMH 3,765 3,845 3,892 3,921 3,913 RH 5,301 5,412 5,479 5,520 5,509 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,555 $4,651 $4,708 $4,743 $4,734 INDUSTRIAL 2,277 2,325 2,354 2,372 2,367 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 RESIDENTIAL (PER ACRE) RL $526 $537 $543 $547 $546 RLM 1,442 1,473 1,491 1,502 1,499 RM 2,310 2,358 2,387 2,405 2,400 RMH 3,545 3,620 3,665 3,692 3,684 RH 5,198 5,308 5,373 5,413 5,402 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,037 $3,101 $3,139 $3,162 $3,156 INDUSTRIAL 1,822 1,860 1,883 1,897 1,893 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2020-21 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 MAXIMUM UNDEVELOPED PROPERTY TAX June 9, 2020 Item #3 Page 13 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 6 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,391.60 $4,548.69 $4,598.18 $4,598.18 $4,602.78 $4,630.23 1.51 - 4.0 DU/ACRE 4,391.60 4,548.69 4,598.18 4,598.18 4,602.78 4,630.23 4.1 - 8.0 DU/ACRE 2,771.87 2,871.03 2,902.27 2,902.27 2,905.17 2,922.49 8.1 - 15.0 DU/ACRE 2,771.87 2,871.03 2,902.27 2,902.27 2,905.17 2,922.49 15.1 - 23.0 DU/ACRE 2,771.87 2,871.03 2,902.27 2,902.27 2,905.17 2,922.49 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $1.15 $1.19 $1.20 $1.20 $1.20 $1.21 AUTO - REPAIR & SALES 0.48 0.50 0.50 0.50 0.50 0.51 AUTO CAR WASH 0.89 0.92 0.93 0.93 0.93 0.94 BANK - WALK IN 1.81 1.88 1.90 1.90 1.90 1.91 BANK - WITH DRIVE THRU 2.55 2.64 2.67 2.67 2.67 2.69 BOWLING ALLEY 0.94 0.97 0.98 0.98 0.98 0.99 CAMPGROUND 2.47 2.56 2.59 2.59 2.59 2.61 CHURCH 0.42 0.44 0.44 0.44 0.44 0.45 COMMERCIAL SHOPS 0.41 0.42 0.43 0.43 0.43 0.43 COMMUNITY SHOPPING CENTER 0.60 0.62 0.63 0.63 0.63 0.63 CONVENIENCE MARKET 3.86 3.99 4.04 4.04 4.04 4.07 DISCOUNT STORE 0.45 0.47 0.48 0.48 0.48 0.48 GOLF COURSE 0.43 0.45 0.45 0.45 0.45 0.46 GROCERY STORE 1.10 1.14 1.15 1.15 1.15 1.16 HEALTH CLUB 0.41 0.42 0.43 0.43 0.43 0.43 HELIPORTS 1.50 1.55 1.57 1.57 1.57 1.58 HOSPITAL - CONVALESCENT 0.33 0.34 0.34 0.34 0.34 0.35 HOSPITAL - GENERAL 0.55 0.57 0.57 0.57 0.57 0.58 HOTEL - CONV. FAC/COMM.0.49 0.51 0.51 0.51 0.51 0.52 INDOOR SPORTS ARENA 0.33 0.34 0.34 0.34 0.34 0.35 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.30 0.31 0.32 0.32 0.32 0.32 JUNIOR COLLEGE 0.31 0.32 0.32 0.32 0.32 0.33 LIBRARY 0.60 0.62 0.63 0.63 0.63 0.63 LUMBER/HARDWARE STORE 0.35 0.36 0.37 0.37 0.37 0.37 MARINA 2.10 2.17 2.20 2.20 2.20 2.21 MOTEL 0.38 0.39 0.40 0.40 0.40 0.40 NEIGHBORHOOD SHOPPING CENTER 0.91 0.94 0.96 0.96 0.96 0.96 OFFICE - COMMERCIAL (< 100,000 SF)0.36 0.37 0.38 0.38 0.38 0.38 OFFICE - GOVERNMENT 0.41 0.43 0.43 0.43 0.43 0.44 OFFICE - HIGH RISE 0.38 0.39 0.39 0.39 0.40 0.40 OFFICE - MEDICAL 0.34 0.35 0.36 0.36 0.36 0.36 OUTDOOR TENNIS COURT 3.97 4.12 4.16 4.16 4.16 4.19 RACE TRACK 0.72 0.75 0.75 0.75 0.75 0.76 REGIONAL SHOPPING CENTER 0.47 0.49 0.50 0.50 0.50 0.50 RESORT HOTEL 0.32 0.34 0.34 0.34 0.34 0.34 RESTAURANT - FAST FOOD 4.02 4.16 4.21 4.21 4.21 4.24 RESTAURANT - QUALITY 0.93 0.96 0.97 0.97 0.97 0.98 RESTAURANT - SIT DOWN 2.14 2.22 2.24 2.24 2.25 2.26 S & L - WALK IN 0.78 0.81 0.81 0.81 0.82 0.82 S & L - WITH DRIVE THRU 1.07 1.11 1.12 1.12 1.12 1.13 UNIVERSITY 0.32 0.33 0.33 0.33 0.33 0.34 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.30 0.31 0.32 0.32 0.32 0.32 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.25 0.25 0.26 0.26 0.26 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 14 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 7 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,657.85 $4,710.80 $4,787.27 $4,858.02 $4,906.12 $4,949.88 1.51 - 4.0 DU/ACRE 4,657.85 4,710.80 4,787.27 4,858.02 4,906.12 4,949.88 4.1 - 8.0 DU/ACRE 2,939.93 2,973.35 3,021.61 3,066.27 3,096.63 3,124.25 8.1 - 15.0 DU/ACRE 2,939.93 2,973.35 3,021.61 3,066.27 3,096.63 3,124.25 15.1 - 23.0 DU/ACRE 2,939.93 2,973.35 3,021.61 3,066.27 3,096.63 3,124.25 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $1.21 $1.23 $1.25 $1.27 $1.28 $1.29 AUTO - REPAIR & SALES 0.51 0.52 0.52 0.53 0.54 0.54 AUTO CAR WASH 0.94 0.96 0.97 0.99 1.00 1.00 BANK - WALK IN 1.92 1.94 1.97 2.00 2.02 2.04 BANK - WITH DRIVE THRU 2.70 2.74 2.78 2.82 2.85 2.87 BOWLING ALLEY 0.99 1.00 1.02 1.04 1.05 1.06 CAMPGROUND 2.62 2.65 2.70 2.74 2.76 2.79 CHURCH 0.45 0.45 0.46 0.47 0.47 0.48 COMMERCIAL SHOPS 0.43 0.44 0.45 0.45 0.46 0.46 COMMUNITY SHOPPING CENTER 0.63 0.64 0.65 0.66 0.67 0.67 CONVENIENCE MARKET 4.09 4.14 4.20 4.27 4.31 4.35 DISCOUNT STORE 0.48 0.49 0.50 0.50 0.51 0.51 GOLF COURSE 0.46 0.46 0.47 0.48 0.48 0.49 GROCERY STORE 1.17 1.18 1.20 1.22 1.23 1.24 HEALTH CLUB 0.43 0.44 0.44 0.45 0.46 0.46 HELIPORTS 1.59 1.61 1.64 1.66 1.68 1.69 HOSPITAL - CONVALESCENT 0.35 0.35 0.36 0.36 0.37 0.37 HOSPITAL - GENERAL 0.58 0.59 0.60 0.61 0.61 0.62 HOTEL - CONV. FAC/COMM.0.52 0.53 0.53 0.54 0.55 0.55 INDOOR SPORTS ARENA 0.35 0.35 0.36 0.36 0.37 0.37 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.32 0.32 0.33 0.33 0.34 0.34 JUNIOR COLLEGE 0.33 0.33 0.34 0.34 0.35 0.35 LIBRARY 0.64 0.65 0.66 0.67 0.67 0.68 LUMBER/HARDWARE STORE 0.37 0.37 0.38 0.39 0.39 0.39 MARINA 2.22 2.25 2.29 2.32 2.34 2.36 MOTEL 0.40 0.41 0.41 0.42 0.42 0.43 NEIGHBORHOOD SHOPPING CENTER 0.97 0.98 0.99 1.01 1.02 1.03 OFFICE - COMMERCIAL (< 100,000 SF)0.38 0.39 0.39 0.40 0.40 0.41 OFFICE - GOVERNMENT 0.44 0.44 0.45 0.46 0.46 0.47 OFFICE - HIGH RISE 0.40 0.40 0.41 0.42 0.42 0.42 OFFICE - MEDICAL 0.36 0.37 0.37 0.38 0.38 0.39 OUTDOOR TENNIS COURT 4.21 4.26 4.33 4.40 4.44 4.48 RACE TRACK 0.76 0.77 0.79 0.80 0.80 0.81 REGIONAL SHOPPING CENTER 0.50 0.51 0.52 0.52 0.53 0.53 RESORT HOTEL 0.34 0.35 0.35 0.36 0.36 0.37 RESTAURANT - FAST FOOD 4.26 4.31 4.38 4.45 4.49 4.53 RESTAURANT - QUALITY 0.98 1.00 1.01 1.03 1.04 1.05 RESTAURANT - SIT DOWN 2.27 2.30 2.34 2.37 2.39 2.41 S & L - WALK IN 0.83 0.83 0.85 0.86 0.87 0.88 S & L - WITH DRIVE THRU 1.14 1.15 1.17 1.19 1.20 1.21 UNIVERSITY 0.34 0.34 0.35 0.35 0.36 0.36 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.32 0.32 0.33 0.33 0.34 0.34 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.26 0.26 0.27 0.27 0.27 0.28 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 15 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 8 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,020.62 $5,173.94 $5,262.93 $5,358.53 $5,455.86 $5,625.03 1.51 - 4.0 DU/ACRE 5,020.62 5,173.94 5,262.93 5,358.53 5,455.86 5,625.03 4.1 - 8.0 DU/ACRE 3,168.90 3,265.67 3,321.84 3,382.18 3,443.61 3,550.39 8.1 - 15.0 DU/ACRE 3,168.90 3,265.67 3,321.84 3,382.18 3,443.61 3,550.39 15.1 - 23.0 DU/ACRE 3,168.90 3,265.67 3,321.84 3,382.18 3,443.61 3,550.39 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $1.31 $1.35 $1.37 $1.40 $1.42 $1.47 AUTO - REPAIR & SALES 0.55 0.57 0.58 0.59 0.60 0.62 AUTO CAR WASH 1.02 1.05 1.07 1.09 1.11 1.14 BANK - WALK IN 2.07 2.13 2.17 2.21 2.25 2.32 BANK - WITH DRIVE THRU 2.92 3.00 3.06 3.11 3.17 3.27 BOWLING ALLEY 1.07 1.10 1.12 1.14 1.16 1.20 CAMPGROUND 2.83 2.91 2.96 3.02 3.07 3.17 CHURCH 0.48 0.50 0.51 0.52 0.52 0.54 COMMERCIAL SHOPS 0.47 0.48 0.49 0.50 0.51 0.52 COMMUNITY SHOPPING CENTER 0.68 0.71 0.72 0.73 0.74 0.77 CONVENIENCE MARKET 4.41 4.54 4.62 4.71 4.79 4.94 DISCOUNT STORE 0.52 0.54 0.54 0.55 0.56 0.58 GOLF COURSE 0.49 0.51 0.52 0.53 0.54 0.55 GROCERY STORE 1.26 1.29 1.32 1.34 1.36 1.41 HEALTH CLUB 0.47 0.48 0.49 0.50 0.51 0.52 HELIPORTS 1.72 1.77 1.80 1.83 1.86 1.92 HOSPITAL - CONVALESCENT 0.38 0.39 0.39 0.40 0.41 0.42 HOSPITAL - GENERAL 0.63 0.65 0.66 0.67 0.68 0.70 HOTEL - CONV. FAC/COMM.0.56 0.58 0.59 0.60 0.61 0.63 INDOOR SPORTS ARENA 0.38 0.39 0.39 0.40 0.41 0.42 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.35 0.36 0.36 0.37 0.38 0.39 JUNIOR COLLEGE 0.35 0.36 0.37 0.38 0.38 0.40 LIBRARY 0.69 0.71 0.72 0.73 0.75 0.77 LUMBER/HARDWARE STORE 0.40 0.41 0.42 0.43 0.43 0.45 MARINA 2.40 2.47 2.51 2.56 2.60 2.69 MOTEL 0.43 0.45 0.46 0.46 0.47 0.49 NEIGHBORHOOD SHOPPING CENTER 1.04 1.07 1.09 1.11 1.13 1.17 OFFICE - COMMERCIAL (< 100,000 SF)0.41 0.43 0.43 0.44 0.45 0.46 OFFICE - GOVERNMENT 0.47 0.49 0.50 0.50 0.51 0.53 OFFICE - HIGH RISE 0.43 0.44 0.45 0.46 0.47 0.48 OFFICE - MEDICAL 0.39 0.40 0.41 0.42 0.42 0.44 OUTDOOR TENNIS COURT 4.54 4.68 4.76 4.85 4.94 5.09 RACE TRACK 0.82 0.85 0.86 0.88 0.89 0.92 REGIONAL SHOPPING CENTER 0.54 0.56 0.57 0.58 0.59 0.61 RESORT HOTEL 0.37 0.38 0.39 0.40 0.40 0.42 RESTAURANT - FAST FOOD 4.59 4.73 4.82 4.90 4.99 5.15 RESTAURANT - QUALITY 1.06 1.09 1.11 1.13 1.15 1.19 RESTAURANT - SIT DOWN 2.45 2.52 2.57 2.61 2.66 2.74 S & L - WALK IN 0.89 0.92 0.93 0.95 0.97 1.00 S & L - WITH DRIVE THRU 1.23 1.26 1.28 1.31 1.33 1.37 UNIVERSITY 0.36 0.38 0.38 0.39 0.40 0.41 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.35 0.36 0.36 0.37 0.38 0.39 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.28 0.29 0.29 0.30 0.31 0.31 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 16 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 9 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,539.37 $5,615.85 $5,682.44 $5,682.44 $5,802.04 $5,870.84 1.51 - 4.0 DU/ACRE 5,539.37 5,615.85 5,682.44 5,682.44 5,802.04 5,870.84 4.1 - 8.0 DU/ACRE 3,496.32 3,544.60 3,586.63 3,586.63 3,662.12 3,705.54 8.1 - 15.0 DU/ACRE 3,496.32 3,544.60 3,586.63 3,586.63 3,662.12 3,705.54 15.1 - 23.0 DU/ACRE 3,496.32 3,544.60 3,586.63 3,586.63 3,662.12 3,705.54 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $1.44 $1.46 $1.48 $1.48 $1.51 $1.53 AUTO - REPAIR & SALES 0.61 0.62 0.62 0.62 0.64 0.64 AUTO CAR WASH 1.12 1.14 1.15 1.15 1.18 1.19 BANK - WALK IN 2.29 2.32 2.34 2.34 2.39 2.42 BANK - WITH DRIVE THRU 3.22 3.26 3.30 3.30 3.37 3.41 BOWLING ALLEY 1.18 1.20 1.21 1.21 1.24 1.25 CAMPGROUND 3.12 3.16 3.20 3.20 3.27 3.31 CHURCH 0.53 0.54 0.55 0.55 0.56 0.56 COMMERCIAL SHOPS 0.52 0.52 0.53 0.53 0.54 0.55 COMMUNITY SHOPPING CENTER 0.76 0.77 0.77 0.77 0.79 0.80 CONVENIENCE MARKET 4.86 4.93 4.99 4.99 5.09 5.16 DISCOUNT STORE 0.57 0.58 0.59 0.59 0.60 0.61 GOLF COURSE 0.54 0.55 0.56 0.56 0.57 0.58 GROCERY STORE 1.39 1.40 1.42 1.42 1.45 1.47 HEALTH CLUB 0.51 0.52 0.53 0.53 0.54 0.55 HELIPORTS 1.89 1.92 1.94 1.94 1.98 2.01 HOSPITAL - CONVALESCENT 0.41 0.42 0.43 0.43 0.43 0.44 HOSPITAL - GENERAL 0.69 0.70 0.71 0.71 0.72 0.73 HOTEL - CONV. FAC/COMM.0.62 0.63 0.63 0.63 0.65 0.66 INDOOR SPORTS ARENA 0.41 0.42 0.43 0.43 0.43 0.44 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.38 0.39 0.39 0.39 0.40 0.40 JUNIOR COLLEGE 0.39 0.40 0.40 0.40 0.41 0.41 LIBRARY 0.76 0.77 0.78 0.78 0.79 0.80 LUMBER/HARDWARE STORE 0.44 0.45 0.45 0.45 0.46 0.47 MARINA 2.64 2.68 2.71 2.71 2.77 2.80 MOTEL 0.48 0.49 0.49 0.49 0.50 0.51 NEIGHBORHOOD SHOPPING CENTER 1.15 1.17 1.18 1.18 1.21 1.22 OFFICE - COMMERCIAL (< 100,000 SF)0.46 0.46 0.47 0.47 0.48 0.48 OFFICE - GOVERNMENT 0.52 0.53 0.54 0.54 0.55 0.55 OFFICE - HIGH RISE 0.48 0.48 0.49 0.49 0.50 0.50 OFFICE - MEDICAL 0.43 0.44 0.44 0.44 0.45 0.46 OUTDOOR TENNIS COURT 5.01 5.08 5.14 5.14 5.25 5.31 RACE TRACK 0.91 0.92 0.93 0.93 0.95 0.96 REGIONAL SHOPPING CENTER 0.60 0.60 0.61 0.61 0.62 0.63 RESORT HOTEL 0.41 0.42 0.42 0.42 0.43 0.43 RESTAURANT - FAST FOOD 5.07 5.14 5.20 5.20 5.31 5.37 RESTAURANT - QUALITY 1.17 1.19 1.20 1.20 1.23 1.24 RESTAURANT - SIT DOWN 2.70 2.74 2.77 2.77 2.83 2.86 S & L - WALK IN 0.98 0.99 1.01 1.01 1.03 1.04 S & L - WITH DRIVE THRU 1.35 1.37 1.39 1.39 1.42 1.43 UNIVERSITY 0.40 0.41 0.41 0.41 0.42 0.43 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.38 0.39 0.39 0.39 0.40 0.40 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.31 0.31 0.32 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 17 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 10 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,914.55 $6,039.03 $6,113.59 $6,159.10 $6,146.76 1.51 - 4.0 DU/ACRE 5,914.55 6,039.03 6,113.59 6,159.10 6,146.76 4.1 - 8.0 DU/ACRE 3,733.13 3,811.70 3,858.76 3,887.48 3,879.69 8.1 - 15.0 DU/ACRE 3,733.13 3,811.70 3,858.76 3,887.48 3,879.69 15.1 - 23.0 DU/ACRE 3,733.13 3,811.70 3,858.76 3,887.48 3,879.69 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $1.54 $1.57 $1.59 $1.61 $1.60 AUTO - REPAIR & SALES 0.65 0.66 0.67 0.68 0.67 AUTO CAR WASH 1.20 1.23 1.24 1.25 1.25 BANK - WALK IN 2.44 2.49 2.52 2.54 2.54 BANK - WITH DRIVE THRU 3.43 3.51 3.55 3.58 3.57 BOWLING ALLEY 1.26 1.29 1.30 1.31 1.31 CAMPGROUND 3.33 3.40 3.44 3.47 3.46 CHURCH 0.57 0.58 0.59 0.59 0.59 COMMERCIAL SHOPS 0.55 0.56 0.57 0.57 0.57 COMMUNITY SHOPPING CENTER 0.81 0.82 0.83 0.84 0.84 CONVENIENCE MARKET 5.19 5.30 5.37 5.41 5.40 DISCOUNT STORE 0.61 0.63 0.63 0.64 0.64 GOLF COURSE 0.58 0.59 0.60 0.61 0.60 GROCERY STORE 1.48 1.51 1.53 1.54 1.54 HEALTH CLUB 0.55 0.56 0.57 0.57 0.57 HELIPORTS 2.02 2.06 2.09 2.11 2.10 HOSPITAL - CONVALESCENT 0.44 0.45 0.46 0.46 0.46 HOSPITAL - GENERAL 0.74 0.75 0.76 0.77 0.77 HOTEL - CONV. FAC/COMM.0.66 0.67 0.68 0.69 0.69 INDOOR SPORTS ARENA 0.44 0.45 0.46 0.46 0.46 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.41 0.42 0.42 0.42 0.42 JUNIOR COLLEGE 0.42 0.43 0.43 0.43 0.43 LIBRARY 0.81 0.83 0.84 0.84 0.84 LUMBER/HARDWARE STORE 0.47 0.48 0.49 0.49 0.49 MARINA 2.82 2.88 2.92 2.94 2.93 MOTEL 0.51 0.52 0.53 0.53 0.53 NEIGHBORHOOD SHOPPING CENTER 1.23 1.25 1.27 1.28 1.28 OFFICE - COMMERCIAL (< 100,000 SF)0.49 0.50 0.50 0.51 0.51 OFFICE - GOVERNMENT 0.56 0.57 0.58 0.58 0.58 OFFICE - HIGH RISE 0.51 0.52 0.52 0.53 0.53 OFFICE - MEDICAL 0.46 0.47 0.48 0.48 0.48 OUTDOOR TENNIS COURT 5.35 5.46 5.53 5.57 5.56 RACE TRACK 0.97 0.99 1.00 1.01 1.01 REGIONAL SHOPPING CENTER 0.64 0.65 0.66 0.66 0.66 RESORT HOTEL 0.44 0.45 0.45 0.46 0.45 RESTAURANT - FAST FOOD 5.41 5.53 5.59 5.64 5.62 RESTAURANT - QUALITY 1.25 1.28 1.29 1.30 1.30 RESTAURANT - SIT DOWN 2.88 2.95 2.98 3.00 3.00 S & L - WALK IN 1.05 1.07 1.08 1.09 1.09 S & L - WITH DRIVE THRU 1.44 1.47 1.49 1.50 1.50 UNIVERSITY 0.43 0.44 0.44 0.45 0.45 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.41 0.42 0.42 0.42 0.42 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.33 0.34 0.34 0.34 0.34 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 18 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 11 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $3,782.97 $3,918.29 $3,960.92 $3,960.92 $3,964.88 $3,988.53 1.51 - 4.0 DU/ACRE 3,782.97 3,918.29 3,960.92 3,960.92 3,964.88 3,988.53 4.1 - 8.0 DU/ACRE 2,280.63 2,362.21 2,387.92 2,387.92 2,390.30 2,404.56 8.1 - 15.0 DU/ACRE 2,280.63 2,362.21 2,387.92 2,387.92 2,390.30 2,404.56 15.1 - 23.0 DU/ACRE 2,280.63 2,362.21 2,387.92 2,387.92 2,390.30 2,404.56 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $0.41 $0.42 $0.43 $0.43 $0.43 $0.43 AUTO - REPAIR & SALES 0.22 0.23 0.23 0.23 0.23 0.24 AUTO CAR WASH 0.36 0.37 0.37 0.37 0.37 0.38 BANK - WALK IN 0.65 0.67 0.68 0.68 0.68 0.68 BANK - WITH DRIVE THRU 0.81 0.84 0.85 0.85 0.85 0.85 BOWLING ALLEY 0.40 0.41 0.42 0.42 0.42 0.42 CAMPGROUND 0.70 0.73 0.74 0.74 0.74 0.74 CHURCH 0.27 0.28 0.29 0.29 0.29 0.29 COMMERCIAL SHOPS 0.22 0.23 0.23 0.23 0.23 0.24 COMMUNITY SHOPPING CENTER 0.25 0.26 0.27 0.27 0.27 0.27 CONVENIENCE MARKET 0.95 0.99 1.00 1.00 1.00 1.00 DISCOUNT STORE 0.22 0.23 0.23 0.23 0.23 0.24 GOLF COURSE 0.30 0.31 0.32 0.32 0.32 0.32 GROCERY STORE 0.36 0.37 0.38 0.38 0.38 0.38 HEALTH CLUB 0.26 0.27 0.27 0.27 0.27 0.28 HELIPORTS 0.52 0.54 0.54 0.54 0.54 0.55 HOSPITAL - CONVALESCENT 0.31 0.33 0.33 0.33 0.33 0.33 HOSPITAL - GENERAL 0.45 0.47 0.47 0.47 0.47 0.47 HOTEL - CONV. FAC/COMM.0.36 0.37 0.37 0.37 0.37 0.38 INDOOR SPORTS ARENA 0.31 0.33 0.33 0.33 0.33 0.33 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.21 0.22 0.22 0.22 0.22 0.22 JUNIOR COLLEGE 0.27 0.28 0.28 0.28 0.28 0.28 LIBRARY 0.40 0.42 0.42 0.42 0.42 0.43 LUMBER/HARDWARE STORE 0.22 0.23 0.23 0.23 0.23 0.24 MARINA 0.62 0.64 0.65 0.65 0.65 0.66 MOTEL 0.29 0.30 0.30 0.30 0.30 0.31 NEIGHBORHOOD SHOPPING CENTER 0.32 0.33 0.34 0.34 0.34 0.34 OFFICE - COMMERCIAL (< 100,000 SF)0.25 0.26 0.26 0.26 0.26 0.26 OFFICE - GOVERNMENT 0.27 0.27 0.28 0.28 0.28 0.28 OFFICE - HIGH RISE 0.26 0.27 0.27 0.27 0.27 0.27 OFFICE - MEDICAL 0.29 0.30 0.31 0.31 0.31 0.31 OUTDOOR TENNIS COURT 1.03 1.06 1.07 1.07 1.07 1.08 RACE TRACK 0.33 0.34 0.34 0.34 0.34 0.35 REGIONAL SHOPPING CENTER 0.23 0.24 0.24 0.24 0.24 0.24 RESORT HOTEL 0.28 0.29 0.29 0.29 0.29 0.29 RESTAURANT - FAST FOOD 1.07 1.11 1.12 1.12 1.12 1.13 RESTAURANT - QUALITY 0.44 0.45 0.46 0.46 0.46 0.46 RESTAURANT - SIT DOWN 0.67 0.69 0.70 0.70 0.70 0.70 S & L - WALK IN 0.43 0.44 0.45 0.45 0.45 0.45 S & L - WITH DRIVE THRU 0.49 0.51 0.51 0.51 0.52 0.52 UNIVERSITY 0.27 0.28 0.28 0.28 0.28 0.28 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.20 0.21 0.21 0.21 0.21 0.21 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.20 0.21 0.21 0.21 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 19 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 12 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,012.32 $4,057.93 $4,123.80 $4,184.75 $4,226.18 $4,263.88 1.51 - 4.0 DU/ACRE 4,012.32 4,057.93 4,123.80 4,184.75 4,226.18 4,263.88 4.1 - 8.0 DU/ACRE 2,418.90 2,446.40 2,486.11 2,522.85 2,547.83 2,570.56 8.1 - 15.0 DU/ACRE 2,418.90 2,446.40 2,486.11 2,522.85 2,547.83 2,570.56 15.1 - 23.0 DU/ACRE 2,418.90 2,446.40 2,486.11 2,522.85 2,547.83 2,570.56 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $0.43 $0.44 $0.44 $0.45 $0.46 $0.46 AUTO - REPAIR & SALES 0.24 0.24 0.24 0.25 0.25 0.25 AUTO CAR WASH 0.38 0.38 0.39 0.39 0.40 0.40 BANK - WALK IN 0.69 0.70 0.71 0.72 0.73 0.73 BANK - WITH DRIVE THRU 0.86 0.87 0.88 0.89 0.90 0.91 BOWLING ALLEY 0.42 0.43 0.44 0.44 0.45 0.45 CAMPGROUND 0.75 0.76 0.77 0.78 0.79 0.79 CHURCH 0.29 0.29 0.30 0.30 0.31 0.31 COMMERCIAL SHOPS 0.24 0.24 0.24 0.25 0.25 0.25 COMMUNITY SHOPPING CENTER 0.27 0.27 0.28 0.28 0.28 0.29 CONVENIENCE MARKET 1.01 1.02 1.04 1.05 1.06 1.07 DISCOUNT STORE 0.24 0.24 0.24 0.25 0.25 0.25 GOLF COURSE 0.32 0.32 0.33 0.33 0.34 0.34 GROCERY STORE 0.38 0.39 0.39 0.40 0.40 0.41 HEALTH CLUB 0.28 0.28 0.28 0.29 0.29 0.29 HELIPORTS 0.55 0.56 0.56 0.57 0.58 0.58 HOSPITAL - CONVALESCENT 0.33 0.34 0.34 0.35 0.35 0.35 HOSPITAL - GENERAL 0.48 0.48 0.49 0.50 0.50 0.51 HOTEL - CONV. FAC/COMM.0.38 0.38 0.39 0.39 0.40 0.40 INDOOR SPORTS ARENA 0.33 0.34 0.34 0.35 0.35 0.35 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.23 0.23 0.23 0.24 0.24 0.24 JUNIOR COLLEGE 0.28 0.29 0.29 0.30 0.30 0.30 LIBRARY 0.43 0.43 0.44 0.45 0.45 0.46 LUMBER/HARDWARE STORE 0.24 0.24 0.24 0.25 0.25 0.25 MARINA 0.66 0.67 0.68 0.69 0.70 0.70 MOTEL 0.31 0.31 0.32 0.32 0.32 0.33 NEIGHBORHOOD SHOPPING CENTER 0.34 0.34 0.35 0.35 0.36 0.36 OFFICE - COMMERCIAL (< 100,000 SF)0.26 0.27 0.27 0.27 0.28 0.28 OFFICE - GOVERNMENT 0.28 0.28 0.29 0.29 0.30 0.30 OFFICE - HIGH RISE 0.28 0.28 0.28 0.29 0.29 0.29 OFFICE - MEDICAL 0.31 0.31 0.32 0.32 0.33 0.33 OUTDOOR TENNIS COURT 1.09 1.10 1.12 1.13 1.15 1.16 RACE TRACK 0.35 0.35 0.36 0.36 0.37 0.37 REGIONAL SHOPPING CENTER 0.24 0.24 0.25 0.25 0.25 0.26 RESORT HOTEL 0.30 0.30 0.30 0.31 0.31 0.32 RESTAURANT - FAST FOOD 1.14 1.15 1.17 1.18 1.20 1.21 RESTAURANT - QUALITY 0.46 0.47 0.48 0.48 0.49 0.49 RESTAURANT - SIT DOWN 0.71 0.72 0.73 0.74 0.75 0.75 S & L - WALK IN 0.45 0.46 0.47 0.47 0.48 0.48 S & L - WITH DRIVE THRU 0.52 0.53 0.54 0.54 0.55 0.55 UNIVERSITY 0.29 0.29 0.29 0.30 0.30 0.30 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.22 0.22 0.22 0.22 0.23 0.23 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.21 0.22 0.22 0.22 0.22 0.23 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 20 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 13 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,324.82 $4,456.89 $4,533.54 $4,615.89 $4,699.73 $4,845.46 1.51 - 4.0 DU/ACRE 4,324.82 4,456.89 4,533.54 4,615.89 4,699.73 4,845.46 4.1 - 8.0 DU/ACRE 2,607.30 2,686.92 2,733.13 2,782.77 2,833.32 2,921.18 8.1 - 15.0 DU/ACRE 2,607.30 2,686.92 2,733.13 2,782.77 2,833.32 2,921.18 15.1 - 23.0 DU/ACRE 2,607.30 2,686.92 2,733.13 2,782.77 2,833.32 2,921.18 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $0.47 $0.48 $0.49 $0.50 $0.51 $0.52 AUTO - REPAIR & SALES 0.26 0.26 0.27 0.27 0.28 0.29 AUTO CAR WASH 0.41 0.42 0.43 0.43 0.44 0.46 BANK - WALK IN 0.74 0.77 0.78 0.79 0.81 0.83 BANK - WITH DRIVE THRU 0.92 0.95 0.97 0.99 1.00 1.03 BOWLING ALLEY 0.46 0.47 0.48 0.49 0.50 0.51 CAMPGROUND 0.81 0.83 0.84 0.86 0.88 0.90 CHURCH 0.31 0.32 0.33 0.33 0.34 0.35 COMMERCIAL SHOPS 0.26 0.26 0.27 0.27 0.28 0.29 COMMUNITY SHOPPING CENTER 0.29 0.30 0.30 0.31 0.32 0.33 CONVENIENCE MARKET 1.09 1.12 1.14 1.16 1.18 1.22 DISCOUNT STORE 0.26 0.26 0.27 0.27 0.28 0.29 GOLF COURSE 0.35 0.36 0.36 0.37 0.38 0.39 GROCERY STORE 0.41 0.43 0.43 0.44 0.45 0.46 HEALTH CLUB 0.30 0.31 0.31 0.32 0.32 0.33 HELIPORTS 0.59 0.61 0.62 0.63 0.64 0.66 HOSPITAL - CONVALESCENT 0.36 0.37 0.38 0.38 0.39 0.40 HOSPITAL - GENERAL 0.51 0.53 0.54 0.55 0.56 0.58 HOTEL - CONV. FAC/COMM.0.41 0.42 0.43 0.43 0.44 0.46 INDOOR SPORTS ARENA 0.36 0.37 0.38 0.38 0.39 0.40 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.24 0.25 0.26 0.26 0.26 0.27 JUNIOR COLLEGE 0.31 0.32 0.32 0.33 0.33 0.34 LIBRARY 0.46 0.48 0.48 0.49 0.50 0.52 LUMBER/HARDWARE STORE 0.26 0.26 0.27 0.27 0.28 0.29 MARINA 0.71 0.73 0.75 0.76 0.77 0.80 MOTEL 0.33 0.34 0.35 0.35 0.36 0.37 NEIGHBORHOOD SHOPPING CENTER 0.37 0.38 0.38 0.39 0.40 0.41 OFFICE - COMMERCIAL (< 100,000 SF)0.28 0.29 0.30 0.30 0.31 0.32 OFFICE - GOVERNMENT 0.30 0.31 0.32 0.32 0.33 0.34 OFFICE - HIGH RISE 0.30 0.31 0.31 0.32 0.32 0.33 OFFICE - MEDICAL 0.33 0.34 0.35 0.36 0.36 0.37 OUTDOOR TENNIS COURT 1.17 1.21 1.23 1.25 1.27 1.31 RACE TRACK 0.38 0.39 0.39 0.40 0.41 0.42 REGIONAL SHOPPING CENTER 0.26 0.27 0.27 0.28 0.28 0.29 RESORT HOTEL 0.32 0.33 0.34 0.34 0.35 0.36 RESTAURANT - FAST FOOD 1.22 1.26 1.28 1.31 1.33 1.37 RESTAURANT - QUALITY 0.50 0.51 0.52 0.53 0.54 0.56 RESTAURANT - SIT DOWN 0.76 0.79 0.80 0.81 0.83 0.86 S & L - WALK IN 0.49 0.50 0.51 0.52 0.53 0.55 S & L - WITH DRIVE THRU 0.56 0.58 0.59 0.60 0.61 0.63 UNIVERSITY 0.31 0.32 0.32 0.33 0.34 0.35 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.23 0.24 0.24 0.25 0.25 0.26 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.23 0.24 0.24 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 21 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 14 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,771.67 $4,837.56 $4,894.92 $4,894.92 $4,997.94 $5,057.21 1.51 - 4.0 DU/ACRE 4,771.67 4,837.56 4,894.92 4,894.92 4,997.94 5,057.21 4.1 - 8.0 DU/ACRE 2,876.69 2,916.41 2,950.99 2,950.99 3,013.10 3,048.83 8.1 - 15.0 DU/ACRE 2,876.69 2,916.41 2,950.99 2,950.99 3,013.10 3,048.83 15.1 - 23.0 DU/ACRE 2,876.69 2,916.41 2,950.99 2,950.99 3,013.10 3,048.83 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $0.51 $0.52 $0.53 $0.53 $0.54 $0.55 AUTO - REPAIR & SALES 0.28 0.29 0.29 0.29 0.29 0.30 AUTO CAR WASH 0.45 0.46 0.46 0.46 0.47 0.48 BANK - WALK IN 0.82 0.83 0.84 0.84 0.86 0.87 BANK - WITH DRIVE THRU 1.02 1.03 1.05 1.05 1.07 1.08 BOWLING ALLEY 0.50 0.51 0.52 0.52 0.53 0.53 CAMPGROUND 0.89 0.90 0.91 0.91 0.93 0.94 CHURCH 0.35 0.35 0.35 0.35 0.36 0.37 COMMERCIAL SHOPS 0.28 0.29 0.29 0.29 0.29 0.30 COMMUNITY SHOPPING CENTER 0.32 0.33 0.33 0.33 0.34 0.34 CONVENIENCE MARKET 1.20 1.22 1.23 1.23 1.26 1.27 DISCOUNT STORE 0.28 0.29 0.29 0.29 0.29 0.30 GOLF COURSE 0.38 0.39 0.39 0.39 0.40 0.40 GROCERY STORE 0.46 0.46 0.47 0.47 0.48 0.48 HEALTH CLUB 0.33 0.33 0.34 0.34 0.35 0.35 HELIPORTS 0.65 0.66 0.67 0.67 0.68 0.69 HOSPITAL - CONVALESCENT 0.40 0.40 0.41 0.41 0.42 0.42 HOSPITAL - GENERAL 0.57 0.57 0.58 0.58 0.59 0.60 HOTEL - CONV. FAC/COMM.0.45 0.46 0.46 0.46 0.47 0.48 INDOOR SPORTS ARENA 0.40 0.40 0.41 0.41 0.42 0.42 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.27 0.27 0.28 0.28 0.28 0.29 JUNIOR COLLEGE 0.34 0.34 0.35 0.35 0.35 0.36 LIBRARY 0.51 0.52 0.52 0.52 0.53 0.54 LUMBER/HARDWARE STORE 0.28 0.29 0.29 0.29 0.29 0.30 MARINA 0.79 0.80 0.81 0.81 0.82 0.83 MOTEL 0.37 0.37 0.38 0.38 0.38 0.39 NEIGHBORHOOD SHOPPING CENTER 0.40 0.41 0.41 0.41 0.42 0.43 OFFICE - COMMERCIAL (< 100,000 SF)0.31 0.32 0.32 0.32 0.33 0.33 OFFICE - GOVERNMENT 0.33 0.34 0.34 0.34 0.35 0.35 OFFICE - HIGH RISE 0.33 0.33 0.34 0.34 0.34 0.35 OFFICE - MEDICAL 0.37 0.37 0.38 0.38 0.39 0.39 OUTDOOR TENNIS COURT 1.29 1.31 1.33 1.33 1.35 1.37 RACE TRACK 0.41 0.42 0.43 0.43 0.43 0.44 REGIONAL SHOPPING CENTER 0.29 0.29 0.29 0.29 0.30 0.30 RESORT HOTEL 0.35 0.36 0.36 0.36 0.37 0.37 RESTAURANT - FAST FOOD 1.35 1.37 1.38 1.38 1.41 1.43 RESTAURANT - QUALITY 0.55 0.56 0.56 0.56 0.58 0.58 RESTAURANT - SIT DOWN 0.84 0.85 0.86 0.86 0.88 0.89 S & L - WALK IN 0.54 0.55 0.55 0.55 0.57 0.57 S & L - WITH DRIVE THRU 0.62 0.63 0.64 0.64 0.65 0.66 UNIVERSITY 0.34 0.34 0.35 0.35 0.36 0.36 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.26 0.26 0.26 0.26 0.27 0.27 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.25 0.26 0.26 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 NO. 1. ENGINEERING NEWS RECORD INFLATION RATE WAS -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 22 of 26 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2020-21 SPECIAL DEVELOPMENT TAX ONE-TIME ATTACHMENT A Page 15 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 RESIDENTIAL (PER DWELLING UNIT) (70% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,094.85 $5,202.09 $5,266.31 $5,305.51 $5,294.88 1.51 - 4.0 DU/ACRE 5,094.85 5,202.09 5,266.31 5,305.51 5,294.88 4.1 - 8.0 DU/ACRE 3,071.53 3,136.17 3,174.89 3,198.53 3,192.12 8.1 - 15.0 DU/ACRE 3,071.53 3,136.17 3,174.89 3,198.53 3,192.12 15.1 - 23.0 DU/ACRE 3,071.53 3,136.17 3,174.89 3,198.53 3,192.12 NON-RESIDENTIAL (PER SQ.FT.) (10.02% of the Maximum Tax) AUTO - GASOLINE $0.55 $0.56 $0.57 $0.57 $0.57 AUTO - REPAIR & SALES 0.30 0.31 0.31 0.31 0.31 AUTO CAR WASH 0.48 0.49 0.50 0.50 0.50 BANK - WALK IN 0.87 0.89 0.90 0.91 0.91 BANK - WITH DRIVE THRU 1.09 1.11 1.12 1.13 1.13 BOWLING ALLEY 0.54 0.55 0.56 0.56 0.56 CAMPGROUND 0.95 0.97 0.98 0.99 0.99 CHURCH 0.37 0.38 0.38 0.38 0.38 COMMERCIAL SHOPS 0.30 0.31 0.31 0.31 0.31 COMMUNITY SHOPPING CENTER 0.34 0.35 0.35 0.36 0.36 CONVENIENCE MARKET 1.28 1.31 1.32 1.33 1.33 DISCOUNT STORE 0.30 0.31 0.31 0.31 0.31 GOLF COURSE 0.41 0.42 0.42 0.42 0.42 GROCERY STORE 0.49 0.50 0.50 0.51 0.51 HEALTH CLUB 0.35 0.36 0.36 0.37 0.37 HELIPORTS 0.70 0.71 0.72 0.73 0.73 HOSPITAL - CONVALESCENT 0.42 0.43 0.44 0.44 0.44 HOSPITAL - GENERAL 0.60 0.62 0.63 0.63 0.63 HOTEL - CONV. FAC/COMM.0.48 0.49 0.50 0.50 0.50 INDOOR SPORTS ARENA 0.42 0.43 0.44 0.44 0.44 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.29 0.29 0.30 0.30 0.30 JUNIOR COLLEGE 0.36 0.37 0.37 0.38 0.38 LIBRARY 0.54 0.56 0.56 0.57 0.57 LUMBER/HARDWARE STORE 0.30 0.31 0.31 0.31 0.31 MARINA 0.84 0.86 0.87 0.87 0.87 MOTEL 0.39 0.40 0.40 0.41 0.41 NEIGHBORHOOD SHOPPING CENTER 0.43 0.44 0.45 0.45 0.45 OFFICE - COMMERCIAL (< 100,000 SF)0.33 0.34 0.34 0.35 0.35 OFFICE - GOVERNMENT 0.36 0.37 0.37 0.37 0.37 OFFICE - HIGH RISE 0.35 0.36 0.36 0.36 0.36 OFFICE - MEDICAL 0.39 0.40 0.41 0.41 0.41 OUTDOOR TENNIS COURT 1.38 1.41 1.43 1.44 1.43 RACE TRACK 0.44 0.45 0.46 0.46 0.46 REGIONAL SHOPPING CENTER 0.31 0.31 0.32 0.32 0.32 RESORT HOTEL 0.38 0.38 0.39 0.39 0.39 RESTAURANT - FAST FOOD 1.44 1.47 1.49 1.50 1.50 RESTAURANT - QUALITY 0.59 0.60 0.61 0.61 0.61 RESTAURANT - SIT DOWN 0.90 0.92 0.93 0.94 0.93 S & L - WALK IN 0.58 0.59 0.60 0.60 0.60 S & L - WITH DRIVE THRU 0.66 0.68 0.68 0.69 0.69 UNIVERSITY 0.36 0.37 0.38 0.38 0.38 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.27 0.28 0.28 0.29 0.28 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.27 0.28 0.28 0.28 0.28 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 -0.40%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 9, 2020 Item #3 Page 23 of 26 EXHIBIT 2 CFD No. 1 Project Schedule July 1, 2020 Carryforward Year 1 Year 2 Year 9 Year 10 Year 14 Total Project Budget Total Expense and Encumbrance to Date Unexpended Budget 2019-20 Budgeted 2020-21 Budgeted 2021-22 Budgeted 2028-29 Budgeted 2029-30 Budgeted 2033-34 Total Future Expenditures Current and Future Projects: Civic Center 51,028,105$ 301,192$ 726,913$ -$ -$ -$ 50,000,000$ -$ 50,726,913$ Civic Center (Farmer's Bldg Purchase)15,733,172 15,733,172 - - -- - - -$ Library (Future Cole Expansion)5,988,000 - - - - - - 5,988,000 5,988,000$ Orion Center (Public Works Center)35,258,156 5,478,548 29,057,718 - 721,890 - - - 29,779,608$ Veteran's Memorial Park 23,922,200 436,997 41,203 24,000 - 23,420,000 - - 23,485,203$ -$ Completed Projects:-$ Cannon Road @ I-5 422,840 422,840 -$ Cannon Road West 6,528,546 6,528,546 -$ Faraday Avenue 5,423,394 5,423,394 -$ La Costa Avenue 6,200,095 6,200,095 -$ La Costa Interchange 7,329,516 7,329,516 -$ Library (Learning Center)4,501,717 4,501,717 -$ Library (S. Carlsbad)14,443,717 14,443,717 -$ Olivenhain/Rancho Santa Fe Road 5,700,000 5,700,000 -$ Palomar Airport Road Interchange 2,667,496 2,667,496 -$ Poinsettia Interchange 6,469,457 6,469,457 -$ 191,616,411$ 81,636,687$ 29,825,834$ 24,000$ 721,890$ 23,420,000$ 50,000,000$ 5,988,000$ 109,979,724$ Future Expenditures June 9, 2020 Item #3 Page 24 of 26 EXHIBIT 3 Fiscal Year Vacant Land Tax One-Time Tax Vacant Land Tax One-Time Tax Pass-Through Tax (Max 13.81%) 1992 74%100%17%100%N/A 1993 74%100%38%100%N/A 1994 74%100%38%100%9.5% 1995 74%100%38%100%9.5% 1996 74%100%38%100%9.5% 1997 74%100%40%100%9.5% 1998 70%100%50%100%9.5% 1999 50%90%60%100%8.7% 2000 40%90%60%100%8.7% 2001 40%90%40%90%8.7% 2002 20%80%20%60%8.7% 2003 0%70%20%60%8.7% 2004 0%60%0%60%8.7% 2005 0%50%0%40%8.7% 2006 0%30%0%30%7.5% 2007 0%50%0%30%7.5% 2008 0%60%0%30%7.5% 2009 0%60%0%30%7.5% 2010 0%50%0%30%7.5% 2011 0%50%0%30%7.5% 2012 0%55%0%25%7.5% 2013 0%55%0%25%7.5% 2014 0%55%0%25%7.5% 2015 0%55%0%25%7.5% 2016 0%55%0%25%7.5% 2017 0%55%0%10%7.5% 2018 0%55%0%10%7.5% 2019 0%55%0%10%7.5% 2020 0%65%0%10%7.5% 2021 0%70%0%10.02%7.5% Non-ResidentialResidential History of Tax Rates CFD No. 1 June 9, 2020 Item #3 Page 25 of 26 Exhibit 4June 9, 2020Item #3 Page 26 of 26