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Home My WebLink About2021-06-08; City Council; ; Establish Fiscal Year 2021-22 Special Taxes for Community Facilities District No. 1Meeting Date: June 8, 2021 To: Mayor and City Council From: Scott Chadwick, City Manager Staff Contact: Roxanne Muhlmeister, Assistant Finance Director roxanne.muhlmeister@carlsbadca.gov, 760-573-9709 Subject: Establish Fiscal Year 2021-22 Special Taxes for Community Facilities District No. 1 District: All Recommended Action Adopt a resolution to establish the fiscal year 2021-22 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 2021-22 for property within District No. 1, which reflect an increase of 0.35%, and to approve the proposed actual special tax rates of 80% of the maximum for residential development and 10% of the maximum 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 June 8, 2021 Item #2 Page 1 of 28 Carlsbad homeowner will not pay city-imposed Mello-Roos taxes.1 However, under City 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 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 property with future development potential to be annexed into the community facilities district. The community facilities district specifically excluded the areas defined as local facility management zones 1, 2, 3, 4 and 6 because 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. When the district was formed, the idea was that entire zones would annex at one time as, at that time, undeveloped property within a zone was either primarily owned by one entity or only a few large property owners. Any undeveloped parcels remaining to be annexed into the district are now done on a project-by-project basis. 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. Funds generated through 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 1 A Mello-Roos is a special California tax assessment district created to finance local infrastructure or services. The tax is applied only to residents of the district that benefits from the project. June 8, 2021 Item #2 Page 2 of 28 Road segments • La Costa Avenue – complete • Olivenhain Road – complete • Cannon Road – complete • Faraday Avenue – complete 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% of the total for residential projects and 35% for non- residential projects. This relationship and the 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 properties. A 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 levied onto the eventual purchasers of properties developed with a residential use. Instead the tax must be paid off at the time a building permit is issued. The tax on non- residential developments may be paid off either at the time a building permit is issued or, if the property owner prefers, over a 25-year period. The City Council adopted an ordinance establishing the special tax formula and maximum rates for the district in June 1991. 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.2 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 FY 2021-22 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 2021 Engineering News-Record index reflects an annual percentage change in the construction cost of 0.7%. The maximum special tax rates reflect an increase of one-half of the ENR index or 0.35%, as described above. 2 Engineering News-Record is a publication that covers engineering and construction news. Its Construction Cost Index and Building Cost index are widely used in the construction industry. June 8, 2021 Item #2 Page 3 of 28 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. Because of that, and consistent with last fiscal year, staff recommends that vacant property planned for future non-residential development not be levied in the upcoming fiscal year. The 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’s based on the density of the project and the number of units for residential properties. As shown in Attachment A of Exhibit 1, staff recommend a change to the percent of the maximum one-time special tax levied at the time a residential building permit is issued. Staff recommend increasing the percent of the maximum one-time special tax levied at issuance from 70% of the maximum special tax for FY 2020-21 to 80% of the maximum special tax for FY 2021-22.3 This change is needed to pay for project costs, including a proposed increase in the project budget for Veteran’s Park, and to maintain the allocation of project costs between the residential and non-residential categories of the special tax. In keeping with the rate and method of apportionment, 65% of capital costs would be 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 2020-21 rate, $4,392 to $6,147 per dwelling unit • At 80% of the maximum rate for 2021-22., $5,037 to $7,074 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 to Exhibit 1, the percent of the maximum one-time special tax levied at the time a non-residential building permit is issued is recommended to decrease from 10.02% of the maximum special tax for FY 2020-21 to 10.00% of the maximum special tax for FY 2021-22. This proposed minor decrease resets the applied tax rates from the decrease in the Engineering News Record’s index applied to the tax rates in the previous fiscal 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 3 Although an annual analysis will be completed in fy 2021-22, staff currently forecasts an increase in the residential from 80% to 90% in fy 2022-23 and from 90% to 100% in fy 2023-24 to fund future project needs. June 8, 2021 Item #2 Page 4 of 28 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 FY 2021-22 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. 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. 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. Residential property Non-residential property Current FY 2020-21 Proposed FY 2021-22 Current FY 2020-21 Proposed FY 2021-22 Vacant land tax None None None None One-time tax 70% of max 80% of max 10.02% of max 10% of max Developed annual tax n.a. n.a. 7.5% 7.5% June 8, 2021 Item #2 Page 5 of 28 The chart below shows the history of the percentage of the maximum allowable one-time tax levied on residential and non-residential: During FY 2005-06 the special tax rates reached a low of 30% of the maximum special tax rate. In subsequent fiscal years, the special tax rates were 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 FY 2005-06. That rate was adjusted to 25% in FY 2011-12 and most recently to 10% 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 changes in growth projections. A history of the tax rates for Community Facilities District No. 1 is included as Exhibit 3. Options Staff provide the following options for the City Council’s consideration: 1. Adopt a resolution to approve: • The proposed maximum special tax rates for FY 2021-22 for property within District No. 1 • The proposed actual special tax rates of 80% of the maximum for residential development, an increase from the current 70%) • A rate of 10% of the maximum for the one-time tax on nonresidential development, a reduction from the current 10.02% • A rate of 7.5% of the maximum 13.81% for the annual tax on nonresidential development Pros • The tax revenue needed to pay for remaining city projects of the district, such as Veteran’s Park (in progress) and civic center (future) must increase to reduce the potential need to reduce project scope or the use of other funding sources, such as the General Fund • The 65%/35% contribution split required between residential and non- residential properties will be more closely aligned • Allows for a less intense future tax increase which has been identified as potentially required for residential property 0% 20% 40% 60% 80% 100%Residential Non-Residential June 8, 2021 Item #2 Page 6 of 28 Cons • An increase in the cost to develop may deter future residential development 2. Adopt a resolution to approve: • The proposed maximum special tax rates for FY 2021-22 for property within District No. 1 • The proposed actual special tax rates of less than or more than the recommended 80% of the maximum for residential development • A rate of 10% of the maximum for the one-time tax on nonresidential development • A rate of 7.5% of the maximum 13.81% for the annual tax on nonresidential development The pros and cons on this option will depend on the alternate rates decided upon by the City Council. Staff recommend Option 1 for the City Council’s approval – Adopt a resolution to approve the proposed maximum special tax rates for FY 2021-22 for property within District No. 1 and to approve the proposed actual special tax rates of 80% of the maximum for residential development, 10% of the maximum for the one-time tax for nonresidential development and 7.5% of the maximum 13.81% for the annual tax on nonresidential development. Fiscal Analysis 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 $490,000 for FY 2021-22. The revenue generated from a one-time special tax for non-residential property, based on growth projections, is estimated to be $57,000 for FY 2021-22. An additional $946,000 is anticipated to be collected for FY 2021-22 from the non-residential developed special taxes. Next Steps Staff will implement the new Community Facilities District No. 1 special tax rates for FY 2021-22 so that they would go into effect July 1, 2021. Environmental Evaluation This action is not a “project” under the California Environmental Quality Act under CEQA Guidelines Section 15378(b)(4) because it is a government fiscal activity that does not involve any commitment to any specific project that may result in a potentially significant physical impact on the environment. Public Notification and Outreach Public notice of this item was posted in keeping with the state’s Ralph M. Brown Act and it was available for public viewing and review at least 72 hours before the scheduled meeting date. June 8, 2021 Item #2 Page 7 of 28 Exhibits 1. City Council resolution 2. Community Facilities District No. 1 Project Schedule as of July 1, 2021 3. History of tax rates for Community Facilities District No. 1 4. Boundary map of Community Facilities District No. 1 June 8, 2021 Item #2 Page 8 of 28 RESOLUTION NO. 2021-124 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE FISCAL YEAR 2021-22 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 2021-22. 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 2021-22 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 8, 2021 Item #2 Page 9 of 28 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 8th day of June, 2021, by the following vote, to wit: AYES: Hall, Blackburn, Acosta, Bhat-Patel, Schumacher. NAYS: None. ABSENT: None. MATT HALL, Mayor ',--Civt,W)(11604A BARBARA ENGLESON, City Clerk (SEAL) C tk 7,3 • June 8, 2021 Item #2 Page 10 of 28 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 $397 $412 $416 $416 $416 $419 RLM 1,092 1,131 1,143 1,143 1,144 1,151 RM 1,830 1,895 1,916 1,916 1,918 1,929 RMH 2,806 2,906 2,938 2,938 2,941 2,958 RH 3,950 4,091 4,135 4,135 4,140 4,164 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,394 $3,515 $3,554 $3,554 $3,557 $3,578 INDUSTRIAL 1,697 1,758 1,777 1,777 1,779 1,789 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 $392 $406 $410 $410 $411 $413 RLM 1,075 1,113 1,125 1,125 1,126 1,133 RM 1,721 1,783 1,802 1,802 1,804 1,815 RMH 2,642 2,736 2,766 2,766 2,769 2,785 RH 3,873 4,012 4,055 4,055 4,060 4,084 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,263 $2,344 $2,369 $2,369 $2,371 $2,386 INDUSTRIAL 1,358 1,406 1,421 1,421 1,423 1,431 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2021-22 ARE HEREIN ESTABLISHED AT $0 PER ACRE. 2021-22 MAXIMUM PERCENTAGE 2021-22 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. TAX RATES FOR FISCAL YEAR 2021-22 ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX 13.81% 7.50% FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 MAXIMUM UNDEVELOPED PROPERTY TAX June 8, 2021 Item #2 Page 11 of 28 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 $421 $426 $433 $440 $444 $448 RLM 1,158 1,171 1,190 1,208 1,220 1,230 RM 1,941 1,963 1,995 2,024 2,044 2,062 RMH 2,976 3,010 3,058 3,104 3,134 3,162 RH 4,189 4,237 4,305 4,369 4,412 4,452 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,600 $3,641 $3,700 $3,754 $3,792 $3,825 INDUSTRIAL 1,800 1,820 1,850 1,877 1,896 1,913 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 $415 $420 $427 $433 $438 $442 RLM 1,140 1,153 1,172 1,189 1,201 1,211 RM 1,825 1,846 1,876 1,904 1,923 1,940 RMH 2,802 2,834 2,880 2,922 2,951 2,977 RH 4,108 4,155 4,222 4,285 4,327 4,366 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,400 $2,427 $2,466 $2,503 $2,528 $2,550 INDUSTRIAL 1,440 1,456 1,480 1,502 1,517 1,530 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2021-22 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 12 of 28 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 $454 $468 $476 $485 $494 $509 RLM 1,248 1,286 1,308 1,332 1,356 1,398 RM 2,092 2,156 2,193 2,233 2,273 2,344 RMH 3,207 3,305 3,362 3,423 3,486 3,594 RH 4,515 4,653 4,733 4,819 4,907 5,059 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,880 $3,999 $4,067 $4,141 $4,216 $4,347 INDUSTRIAL 1,940 1,999 2,034 2,071 2,108 2,174 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 $448 $461 $469 $478 $487 $502 RLM 1,229 1,266 1,288 1,311 1,335 1,377 RM 1,967 2,028 2,062 2,100 2,138 2,204 RMH 3,020 3,112 3,166 3,223 3,282 3,383 RH 4,428 4,563 4,642 4,726 4,812 4,961 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,587 $2,666 $2,712 $2,761 $2,811 $2,898 INDUSTRIAL 1,552 1,599 1,627 1,656 1,687 1,739 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2021-22 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 13 of 28 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 $501 $508 $514 $514 $525 $531 RLM 1,377 1,396 1,413 1,413 1,442 1,459 RM 2,308 2,340 2,368 2,368 2,418 2,446 RMH 3,539 3,588 3,630 3,630 3,707 3,751 RH 4,982 5,051 5,111 5,111 5,218 5,280 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,281 $4,340 $4,391 $4,391 $4,484 $4,537 INDUSTRIAL 2,140 2,170 2,196 2,196 2,242 2,269 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 $494 $501 $507 $507 $518 $524 RLM 1,356 1,374 1,391 1,391 1,420 1,437 RM 2,171 2,201 2,227 2,227 2,274 2,301 RMH 3,332 3,378 3,418 3,418 3,490 3,531 RH 4,886 4,953 5,012 5,012 5,117 5,178 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,854 $2,893 $2,928 $2,928 $2,989 $3,025 INDUSTRIAL 1,712 1,736 1,757 1,757 1,794 1,815 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2021-22 ARE HEREIN ESTABLISHED AT $0 PER ACRE. CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 14 of 28 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 FY 2021-22 RESIDENTIAL (PER ACRE) RL $535 $546 $553 $557 $556 $558 RLM 1,470 1,501 1,520 1,531 1,528 1,533 RM 2,464 2,516 2,547 2,566 2,561 2,570 RMH 3,779 3,858 3,906 3,935 3,927 3,941 RH 5,319 5,431 5,498 5,539 5,528 5,547 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,571 $4,667 $4,725 $4,760 $4,750 $4,767 INDUSTRIAL 2,285 2,334 2,362 2,380 2,375 2,383 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 RESIDENTIAL (PER ACRE) RL $528 $539 $545 $549 $548 $550 RLM 1,447 1,478 1,496 1,507 1,504 1,510 RM 2,318 2,367 2,396 2,414 2,409 2,417 RMH 3,558 3,633 3,677 3,705 3,697 3,710 RH 5,216 5,326 5,392 5,432 5,421 5,440 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,047 $3,111 $3,150 $3,173 $3,167 $3,178 INDUSTRIAL 1,828 1,867 1,890 1,904 1,900 1,907 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2021-22 ARE HEREIN ESTABLISHED AT $0 PER ACRE. CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 15 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,036.53 $5,216.70 $5,273.46 $5,273.46 $5,278.73 $5,310.21 1.51 - 4.0 DU/ACRE 5,036.53 5,216.70 5,273.46 5,273.46 5,278.73 5,310.21 4.1 - 8.0 DU/ACRE 3,178.94 3,292.66 3,328.49 3,328.49 3,331.81 3,351.68 8.1 - 15.0 DU/ACRE 3,178.94 3,292.66 3,328.49 3,328.49 3,331.81 3,351.68 15.1 - 23.0 DU/ACRE 3,178.94 3,292.66 3,328.49 3,328.49 3,331.81 3,351.68 NON-RESIDENTIAL (PER SQ.FT.) (10% 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 0.51 0.51 AUTO CAR WASH 0.89 0.92 0.93 0.93 0.94 0.94 BANK - WALK IN 1.81 1.88 1.90 1.90 1.90 1.91 BANK - WITH DRIVE THRU 2.55 2.65 2.67 2.67 2.68 2.69 BOWLING ALLEY 0.94 0.97 0.98 0.98 0.98 0.99 CAMPGROUND 2.48 2.56 2.59 2.59 2.60 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 4.00 4.04 4.04 4.05 4.07 DISCOUNT STORE 0.46 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 1.56 1.57 1.57 1.58 1.58 HOSPITAL - CONVALESCENT 0.33 0.34 0.34 0.34 0.35 0.35 HOSPITAL - GENERAL 0.55 0.57 0.57 0.57 0.58 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 0.35 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 0.64 LUMBER/HARDWARE STORE 0.35 0.36 0.37 0.37 0.37 0.37 MARINA 2.10 2.18 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 0.95 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 0.40 0.40 0.40 0.40 OFFICE - MEDICAL 0.34 0.35 0.36 0.36 0.36 0.36 OUTDOOR TENNIS COURT 3.98 4.12 4.17 4.17 4.17 4.20 RACE TRACK 0.72 0.75 0.76 0.76 0.76 0.76 REGIONAL SHOPPING CENTER 0.47 0.49 0.50 0.50 0.50 0.50 RESORT HOTEL 0.33 0.34 0.34 0.34 0.34 0.34 RESTAURANT - FAST FOOD 4.02 4.17 4.21 4.21 4.22 4.24 RESTAURANT - QUALITY 0.93 0.96 0.97 0.97 0.97 0.98 RESTAURANT - SIT DOWN 2.15 2.22 2.25 2.25 2.25 2.26 S & L - WALK IN 0.78 0.81 0.82 0.82 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 16 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,341.88 $5,402.62 $5,490.31 $5,571.45 $5,626.61 $5,676.80 1.51 - 4.0 DU/ACRE 5,341.88 5,402.62 5,490.31 5,571.45 5,626.61 5,676.80 4.1 - 8.0 DU/ACRE 3,371.67 3,410.01 3,465.36 3,516.57 3,551.39 3,583.07 8.1 - 15.0 DU/ACRE 3,371.67 3,410.01 3,465.36 3,516.57 3,551.39 3,583.07 15.1 - 23.0 DU/ACRE 3,371.67 3,410.01 3,465.36 3,516.57 3,551.39 3,583.07 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.22 $1.23 $1.25 $1.27 $1.28 $1.29 AUTO - REPAIR & SALES 0.51 0.52 0.53 0.53 0.54 0.54 AUTO CAR WASH 0.95 0.96 0.97 0.99 1.00 1.01 BANK - WALK IN 1.92 1.95 1.98 2.01 2.03 2.04 BANK - WITH DRIVE THRU 2.71 2.74 2.78 2.83 2.85 2.88 BOWLING ALLEY 0.99 1.01 1.02 1.04 1.05 1.06 CAMPGROUND 2.63 2.66 2.70 2.74 2.77 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 0.64 0.64 0.65 0.66 0.67 0.68 CONVENIENCE MARKET 4.10 4.14 4.21 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 0.45 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 2.23 2.25 2.29 2.32 2.35 2.37 MOTEL 0.40 0.41 0.41 0.42 0.42 0.43 NEIGHBORHOOD SHOPPING CENTER 0.97 0.98 1.00 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 0.41 0.41 0.42 0.42 0.43 OFFICE - MEDICAL 0.36 0.37 0.37 0.38 0.38 0.39 OUTDOOR TENNIS COURT 4.22 4.27 4.34 4.40 4.45 4.49 RACE TRACK 0.76 0.77 0.79 0.80 0.81 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 4.27 4.32 4.39 4.45 4.50 4.54 RESTAURANT - QUALITY 0.99 1.00 1.01 1.03 1.04 1.05 RESTAURANT - SIT DOWN 2.28 2.30 2.34 2.37 2.40 2.42 S & L - WALK IN 0.83 0.84 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 17 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,757.94 $5,933.77 $6,035.83 $6,145.46 $6,257.09 $6,451.11 1.51 - 4.0 DU/ACRE 5,757.94 5,933.77 6,035.83 6,145.46 6,257.09 6,451.11 4.1 - 8.0 DU/ACRE 3,634.28 3,745.26 3,809.68 3,878.88 3,949.33 4,071.79 8.1 - 15.0 DU/ACRE 3,634.28 3,745.26 3,809.68 3,878.88 3,949.33 4,071.79 15.1 - 23.0 DU/ACRE 3,634.28 3,745.26 3,809.68 3,878.88 3,949.33 4,071.79 NON-RESIDENTIAL (PER SQ.FT.) (10% 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 2.14 2.17 2.21 2.25 2.32 BANK - WITH DRIVE THRU 2.92 3.01 3.06 3.12 3.17 3.27 BOWLING ALLEY 1.07 1.10 1.12 1.14 1.16 1.20 CAMPGROUND 2.83 2.92 2.97 3.02 3.08 3.17 CHURCH 0.48 0.50 0.51 0.52 0.53 0.54 COMMERCIAL SHOPS 0.47 0.48 0.49 0.50 0.51 0.53 COMMUNITY SHOPPING CENTER 0.69 0.71 0.72 0.73 0.74 0.77 CONVENIENCE MARKET 4.42 4.55 4.63 4.71 4.80 4.95 DISCOUNT STORE 0.52 0.54 0.55 0.56 0.57 0.58 GOLF COURSE 0.49 0.51 0.52 0.53 0.54 0.55 GROCERY STORE 1.26 1.30 1.32 1.34 1.37 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 1.87 1.93 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 0.74 0.75 0.77 LUMBER/HARDWARE STORE 0.40 0.41 0.42 0.43 0.43 0.45 MARINA 2.40 2.47 2.52 2.56 2.61 2.69 MOTEL 0.43 0.45 0.46 0.46 0.47 0.49 NEIGHBORHOOD SHOPPING CENTER 1.04 1.08 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 0.51 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 0.43 0.44 OUTDOOR TENNIS COURT 4.55 4.69 4.77 4.86 4.94 5.10 RACE TRACK 0.82 0.85 0.86 0.88 0.90 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 4.60 4.74 4.82 4.91 5.00 5.15 RESTAURANT - QUALITY 1.06 1.09 1.11 1.13 1.15 1.19 RESTAURANT - SIT DOWN 2.45 2.53 2.57 2.62 2.67 2.75 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 1.29 1.31 1.33 1.37 UNIVERSITY 0.37 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 0.32 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 18 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,352.87 $6,440.58 $6,516.95 $6,516.95 $6,654.12 $6,733.02 1.51 - 4.0 DU/ACRE 6,352.87 6,440.58 6,516.95 6,516.95 6,654.12 6,733.02 4.1 - 8.0 DU/ACRE 4,009.78 4,065.15 4,113.35 4,113.35 4,199.93 4,249.73 8.1 - 15.0 DU/ACRE 4,009.78 4,065.15 4,113.35 4,113.35 4,199.93 4,249.73 15.1 - 23.0 DU/ACRE 4,009.78 4,065.15 4,113.35 4,113.35 4,199.93 4,249.73 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.45 $1.47 $1.48 $1.48 $1.52 $1.53 AUTO - REPAIR & SALES 0.61 0.62 0.62 0.62 0.64 0.64 AUTO CAR WASH 1.13 1.14 1.15 1.15 1.18 1.19 BANK - WALK IN 2.29 2.32 2.35 2.35 2.40 2.43 BANK - WITH DRIVE THRU 3.22 3.27 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 3.17 3.20 3.20 3.27 3.31 CHURCH 0.53 0.54 0.55 0.55 0.56 0.57 COMMERCIAL SHOPS 0.52 0.52 0.53 0.53 0.54 0.55 COMMUNITY SHOPPING CENTER 0.76 0.77 0.78 0.78 0.79 0.80 CONVENIENCE MARKET 4.87 4.94 5.00 5.00 5.10 5.16 DISCOUNT STORE 0.57 0.58 0.59 0.59 0.60 0.61 GOLF COURSE 0.55 0.55 0.56 0.56 0.57 0.58 GROCERY STORE 1.39 1.41 1.42 1.42 1.45 1.47 HEALTH CLUB 0.52 0.52 0.53 0.53 0.54 0.55 HELIPORTS 1.90 1.92 1.95 1.95 1.99 2.01 HOSPITAL - CONVALESCENT 0.42 0.42 0.43 0.43 0.44 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 0.42 0.42 0.43 0.43 0.44 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 0.80 0.81 LUMBER/HARDWARE STORE 0.44 0.45 0.45 0.45 0.46 0.47 MARINA 2.65 2.69 2.72 2.72 2.77 2.81 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 5.02 5.09 5.15 5.15 5.26 5.32 RACE TRACK 0.91 0.92 0.93 0.93 0.95 0.96 REGIONAL SHOPPING CENTER 0.60 0.61 0.61 0.61 0.63 0.63 RESORT HOTEL 0.41 0.42 0.42 0.42 0.43 0.43 RESTAURANT - FAST FOOD 5.08 5.15 5.21 5.21 5.32 5.38 RESTAURANT - QUALITY 1.17 1.19 1.20 1.20 1.23 1.24 RESTAURANT - SIT DOWN 2.71 2.74 2.78 2.78 2.83 2.87 S & L - WALK IN 0.98 1.00 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 0.33 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 19 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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 FY 2021-22 RESIDENTIAL (PER DWELLING UNIT) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,783.14 $6,925.91 $7,011.41 $7,063.61 $7,049.45 $7,074.04 1.51 - 4.0 DU/ACRE 6,783.14 6,925.91 7,011.41 7,063.61 7,049.45 7,074.04 4.1 - 8.0 DU/ACRE 4,281.36 4,371.47 4,425.44 4,458.39 4,449.45 4,464.97 8.1 - 15.0 DU/ACRE 4,281.36 4,371.47 4,425.44 4,458.39 4,449.45 4,464.97 15.1 - 23.0 DU/ACRE 4,281.36 4,371.47 4,425.44 4,458.39 4,449.45 4,464.97 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.54 $1.58 $1.60 $1.61 $1.61 $1.61 AUTO - REPAIR & SALES 0.65 0.66 0.67 0.68 0.67 0.68 AUTO CAR WASH 1.20 1.23 1.24 1.25 1.25 1.25 BANK - WALK IN 2.44 2.49 2.53 2.54 2.54 2.55 BANK - WITH DRIVE THRU 3.44 3.51 3.56 3.58 3.57 3.59 BOWLING ALLEY 1.26 1.29 1.31 1.31 1.31 1.32 CAMPGROUND 3.33 3.41 3.45 3.47 3.47 3.48 CHURCH 0.57 0.58 0.59 0.59 0.59 0.59 COMMERCIAL SHOPS 0.55 0.56 0.57 0.58 0.57 0.58 COMMUNITY SHOPPING CENTER 0.81 0.82 0.83 0.84 0.84 0.84 CONVENIENCE MARKET 5.20 5.31 5.38 5.42 5.41 5.42 DISCOUNT STORE 0.61 0.63 0.63 0.64 0.64 0.64 GOLF COURSE 0.58 0.60 0.60 0.61 0.61 0.61 GROCERY STORE 1.48 1.51 1.53 1.54 1.54 1.55 HEALTH CLUB 0.55 0.56 0.57 0.57 0.57 0.57 HELIPORTS 2.02 2.07 2.09 2.11 2.10 2.11 HOSPITAL - CONVALESCENT 0.44 0.45 0.46 0.46 0.46 0.46 HOSPITAL - GENERAL 0.74 0.75 0.76 0.77 0.77 0.77 HOTEL - CONV. FAC/COMM.0.66 0.67 0.68 0.69 0.69 0.69 INDOOR SPORTS ARENA 0.44 0.45 0.46 0.46 0.46 0.46 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.41 0.42 0.42 0.42 0.42 0.43 JUNIOR COLLEGE 0.42 0.43 0.43 0.43 0.43 0.43 LIBRARY 0.81 0.83 0.84 0.84 0.84 0.85 LUMBER/HARDWARE STORE 0.47 0.48 0.49 0.49 0.49 0.49 MARINA 2.83 2.89 2.92 2.95 2.94 2.95 MOTEL 0.51 0.52 0.53 0.53 0.53 0.53 NEIGHBORHOOD SHOPPING CENTER 1.23 1.26 1.27 1.28 1.28 1.28 OFFICE - COMMERCIAL (< 100,000 SF)0.49 0.50 0.50 0.51 0.51 0.51 OFFICE - GOVERNMENT 0.56 0.57 0.58 0.58 0.58 0.58 OFFICE - HIGH RISE 0.51 0.52 0.53 0.53 0.53 0.53 OFFICE - MEDICAL 0.46 0.47 0.48 0.48 0.48 0.48 OUTDOOR TENNIS COURT 5.36 5.47 5.54 5.58 5.57 5.59 RACE TRACK 0.97 0.99 1.00 1.01 1.01 1.01 REGIONAL SHOPPING CENTER 0.64 0.65 0.66 0.66 0.66 0.67 RESORT HOTEL 0.44 0.45 0.45 0.46 0.46 0.46 RESTAURANT - FAST FOOD 5.42 5.53 5.60 5.64 5.63 5.65 RESTAURANT - QUALITY 1.25 1.28 1.29 1.30 1.30 1.30 RESTAURANT - SIT DOWN 2.89 2.95 2.99 3.01 3.00 3.01 S & L - WALK IN 1.05 1.07 1.08 1.09 1.09 1.09 S & L - WITH DRIVE THRU 1.45 1.48 1.49 1.51 1.50 1.51 UNIVERSITY 0.43 0.44 0.44 0.45 0.45 0.45 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.41 0.42 0.42 0.42 0.42 0.43 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.33 0.34 0.34 0.35 0.34 0.35 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 20 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,338.52 $4,493.72 $4,542.61 $4,542.61 $4,547.15 $4,574.27 1.51 - 4.0 DU/ACRE 4,338.52 4,493.72 4,542.61 4,542.61 4,547.15 4,574.27 4.1 - 8.0 DU/ACRE 2,615.56 2,709.12 2,738.60 2,738.60 2,741.33 2,757.68 8.1 - 15.0 DU/ACRE 2,615.56 2,709.12 2,738.60 2,738.60 2,741.33 2,757.68 15.1 - 23.0 DU/ACRE 2,615.56 2,709.12 2,738.60 2,738.60 2,741.33 2,757.68 NON-RESIDENTIAL (PER SQ.FT.) (10% 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 0.69 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 0.71 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 0.32 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 0.32 0.33 0.33 0.33 0.33 0.33 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.21 0.22 0.22 0.22 0.22 0.23 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 0.65 0.65 0.65 0.65 0.66 MOTEL 0.29 0.30 0.31 0.31 0.31 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 0.28 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 1.08 1.08 RACE TRACK 0.33 0.34 0.34 0.34 0.35 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 0.30 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 0.71 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 0.52 0.52 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 21 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,601.56 $4,653.87 $4,729.41 $4,799.31 $4,846.82 $4,890.06 1.51 - 4.0 DU/ACRE 4,601.56 4,653.87 4,729.41 4,799.31 4,846.82 4,890.06 4.1 - 8.0 DU/ACRE 2,774.13 2,805.67 2,851.21 2,893.35 2,922.00 2,948.06 8.1 - 15.0 DU/ACRE 2,774.13 2,805.67 2,851.21 2,893.35 2,922.00 2,948.06 15.1 - 23.0 DU/ACRE 2,774.13 2,805.67 2,851.21 2,893.35 2,922.00 2,948.06 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.43 $0.44 $0.45 $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 0.80 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 0.29 0.29 0.29 0.29 HELIPORTS 0.55 0.56 0.57 0.57 0.58 0.58 HOSPITAL - CONVALESCENT 0.33 0.34 0.34 0.35 0.35 0.36 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 0.36 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 0.33 0.33 NEIGHBORHOOD SHOPPING CENTER 0.34 0.34 0.35 0.36 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 0.29 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 1.14 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 0.31 0.31 0.31 0.32 RESTAURANT - FAST FOOD 1.14 1.15 1.17 1.19 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 0.23 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 22 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $4,959.95 $5,111.42 $5,199.33 $5,293.77 $5,389.92 $5,557.05 1.51 - 4.0 DU/ACRE 4,959.95 5,111.42 5,199.33 5,293.77 5,389.92 5,557.05 4.1 - 8.0 DU/ACRE 2,990.20 3,081.51 3,134.51 3,191.45 3,249.41 3,350.17 8.1 - 15.0 DU/ACRE 2,990.20 3,081.51 3,134.51 3,191.45 3,249.41 3,350.17 15.1 - 23.0 DU/ACRE 2,990.20 3,081.51 3,134.51 3,191.45 3,249.41 3,350.17 NON-RESIDENTIAL (PER SQ.FT.) (10% 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 1.04 BOWLING ALLEY 0.46 0.47 0.48 0.49 0.50 0.51 CAMPGROUND 0.81 0.83 0.85 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 0.31 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 0.33 0.34 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 0.27 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 0.36 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 1.28 1.32 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 1.23 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 0.82 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 0.25 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 23 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,472.43 $5,547.98 $5,613.77 $5,613.77 $5,731.93 $5,799.89 1.51 - 4.0 DU/ACRE 5,472.43 5,547.98 5,613.77 5,613.77 5,731.93 5,799.89 4.1 - 8.0 DU/ACRE 3,299.15 3,344.70 3,384.36 3,384.36 3,455.60 3,496.57 8.1 - 15.0 DU/ACRE 3,299.15 3,344.70 3,384.36 3,384.36 3,455.60 3,496.57 15.1 - 23.0 DU/ACRE 3,299.15 3,344.70 3,384.36 3,384.36 3,455.60 3,496.57 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.52 $0.52 $0.53 $0.53 $0.54 $0.55 AUTO - REPAIR & SALES 0.28 0.29 0.29 0.29 0.30 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 0.30 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 0.30 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 0.69 0.69 HOSPITAL - CONVALESCENT 0.40 0.40 0.41 0.41 0.42 0.42 HOSPITAL - GENERAL 0.57 0.58 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 0.30 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 0.42 0.42 0.42 0.43 OFFICE - COMMERCIAL (< 100,000 SF)0.31 0.32 0.32 0.32 0.33 0.33 OFFICE - GOVERNMENT 0.34 0.34 0.34 0.34 0.35 0.36 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 1.36 1.37 RACE TRACK 0.42 0.42 0.43 0.43 0.44 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 1.39 1.39 1.42 1.43 RESTAURANT - QUALITY 0.55 0.56 0.57 0.57 0.58 0.58 RESTAURANT - SIT DOWN 0.84 0.86 0.87 0.87 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 0.35 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 0.27 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 24 of 28 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2021-22 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 FY 2021-22 RESIDENTIAL (PER DWELLING UNIT) (80% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,843.07 $5,966.05 $6,039.71 $6,084.67 $6,072.47 $6,093.65 1.51 - 4.0 DU/ACRE 5,843.07 5,966.05 6,039.71 6,084.67 6,072.47 6,093.65 4.1 - 8.0 DU/ACRE 3,522.60 3,596.74 3,641.15 3,668.25 3,660.90 3,673.67 8.1 - 15.0 DU/ACRE 3,522.60 3,596.74 3,641.15 3,668.25 3,660.90 3,673.67 15.1 - 23.0 DU/ACRE 3,522.60 3,596.74 3,641.15 3,668.25 3,660.90 3,673.67 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.55 $0.56 $0.57 $0.57 $0.57 $0.57 AUTO - REPAIR & SALES 0.30 0.31 0.31 0.31 0.31 0.31 AUTO CAR WASH 0.48 0.49 0.50 0.50 0.50 0.50 BANK - WALK IN 0.88 0.89 0.91 0.91 0.91 0.91 BANK - WITH DRIVE THRU 1.09 1.11 1.13 1.13 1.13 1.14 BOWLING ALLEY 0.54 0.55 0.56 0.56 0.56 0.56 CAMPGROUND 0.95 0.97 0.98 0.99 0.99 0.99 CHURCH 0.37 0.38 0.38 0.38 0.38 0.39 COMMERCIAL SHOPS 0.30 0.31 0.31 0.31 0.31 0.31 COMMUNITY SHOPPING CENTER 0.34 0.35 0.35 0.36 0.36 0.36 CONVENIENCE MARKET 1.28 1.31 1.33 1.34 1.33 1.34 DISCOUNT STORE 0.30 0.31 0.31 0.31 0.31 0.31 GOLF COURSE 0.41 0.42 0.42 0.42 0.42 0.43 GROCERY STORE 0.49 0.50 0.50 0.51 0.51 0.51 HEALTH CLUB 0.35 0.36 0.36 0.37 0.37 0.37 HELIPORTS 0.70 0.71 0.72 0.73 0.73 0.73 HOSPITAL - CONVALESCENT 0.42 0.43 0.44 0.44 0.44 0.44 HOSPITAL - GENERAL 0.61 0.62 0.63 0.63 0.63 0.63 HOTEL - CONV. FAC/COMM.0.48 0.49 0.50 0.50 0.50 0.50 INDOOR SPORTS ARENA 0.42 0.43 0.44 0.44 0.44 0.44 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.29 0.29 0.30 0.30 0.30 0.30 JUNIOR COLLEGE 0.36 0.37 0.37 0.38 0.38 0.38 LIBRARY 0.54 0.56 0.56 0.57 0.57 0.57 LUMBER/HARDWARE STORE 0.30 0.31 0.31 0.31 0.31 0.31 MARINA 0.84 0.86 0.87 0.87 0.87 0.88 MOTEL 0.39 0.40 0.41 0.41 0.41 0.41 NEIGHBORHOOD SHOPPING CENTER 0.43 0.44 0.45 0.45 0.45 0.45 OFFICE - COMMERCIAL (< 100,000 SF)0.33 0.34 0.34 0.35 0.35 0.35 OFFICE - GOVERNMENT 0.36 0.37 0.37 0.37 0.37 0.37 OFFICE - HIGH RISE 0.35 0.36 0.36 0.36 0.36 0.37 OFFICE - MEDICAL 0.39 0.40 0.41 0.41 0.41 0.41 OUTDOOR TENNIS COURT 1.38 1.41 1.43 1.44 1.44 1.44 RACE TRACK 0.44 0.45 0.46 0.46 0.46 0.46 REGIONAL SHOPPING CENTER 0.31 0.31 0.32 0.32 0.32 0.32 RESORT HOTEL 0.38 0.39 0.39 0.39 0.39 0.39 RESTAURANT - FAST FOOD 1.44 1.47 1.49 1.50 1.50 1.51 RESTAURANT - QUALITY 0.59 0.60 0.61 0.61 0.61 0.61 RESTAURANT - SIT DOWN 0.90 0.92 0.93 0.94 0.94 0.94 S & L - WALK IN 0.58 0.59 0.60 0.60 0.60 0.60 S & L - WITH DRIVE THRU 0.66 0.68 0.69 0.69 0.69 0.69 UNIVERSITY 0.36 0.37 0.38 0.38 0.38 0.38 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.27 0.28 0.28 0.29 0.29 0.29 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.27 0.28 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 0.70%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE June 8, 2021 Item #2 Page 25 of 28 EXHIBIT 2 Community Facilities District No. 1 Project Schedule July 1, 2021 Carryforward Year 1 Year 2 Year 3 Year 4 Year 11 Year 13 Total Project Budget Total Expenses to Date Unexpended Budget 2020-21 Budgeted 2021-22 Budgeted 2022-23 Budgeted 2023-24 Budgeted 2024-25 Budgeted 2031-32 Budgeted 2033-34 Total Future Expenditures Current and Future Projects: Civic Center 51,028,105$ 233,555$ 794,550$ -$ -$ -$ -$ 50,000,000$ -$ 50,794,550$ 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)32,778,158 2,312,937 29,743,331 721,890 - - - - - 30,465,221 Orion Center (Cam. Vida Roble Bldg Purchase)2,480,000 2,480,000 - - - - - - - - Veteran's Memorial Park 27,547,200 565,103 1,272,097 1,275,000 1,175,000 1,175,000 22,085,000 - - 26,982,097 - 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 - 195,241,413$ 81,011,545$ 31,809,978$ 1,996,890$ 1,175,000$ 1,175,000$ 22,085,000$ 50,000,000$ 5,988,000$ 114,229,868$ Future Expenditures June 8, 2021 Item #2 Page 26 of 28 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% 2022 0%80%0%10%7.5% Non-ResidentialResidential History of Tax Rates Community Facilities District No. 1 June 8, 2021 Item #2 Page 27 of 28 MCCLELLAN-PALOMARAIRPORT Agua Hedionda Lagoon Buena Vista Lagoon CalaveraLake MaerkleReservoir Pacific Ocean Batiquitos Lagoon 6 25 1 2 7 14 15 5 16 17 18 10 1112 8 24 133 2022 9 19 4 21 23 RPORT RD SETT LA I R B CHO RD Local FacilityManagement Zones Highway Major Street Planned Street Railroad Lagoon J:\cbgis\products\planning\StandardMap\LFMZ_11x17.mxd 0 3,000Feet x x x x x O+ O + O O ++ + + + O+ O+O+ + O O O+ O O + X = Denotes LFMP Zones that are excluded from the requirement to annex or participate in CFD No. 1. O = Denotes LFMP Zones which were part of the original formation. Vacant property may have been excluded which may be required to annex. + = Denotes projects have been annexed in to the CFD. Exhibit 4 June 8, 2021 Item #2 Page 28 of 28