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Home My WebLink About2023-07-11; City Council; ; Establish Fiscal Year 2023-24 Special Taxes for Community Facilities District No. 1CA Review CKM Meeting Date: July 11, 2023 To: Mayor and City Council From: Scott Chadwick, City Manager Staff Contact: Roxanne Muhlmeister, Assistant Finance Director roxanne.muhlmeister@carlsbadca.gov, 442-339-2417 Subject: Establish Fiscal Year 2023-24 Special Taxes for Community Facilities District No. 1 Districts: All Recommended Action Adopt a resolution establishing the fiscal year 2023-24 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 the requirements of the city’s Growth Management Plan. 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 must be adjusted and authorized by the City Council. Staff recommend the City Council approve the proposed maximum special tax rates for fiscal year 2023-24 for property within Community Facilities District No. 1, which reflect an increase of 0.10%, and approve the proposed actual special tax rates of 90% 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 properties to fund the construction or acquisition of facilities or services through a community facilities district. The tax is applied only to residents of the district that benefit from the facilities or services. In Carlsbad, it is the builders of residential properties who are responsible for fulfilling this Mello-Roos tax obligation, not homeowners. That’s because City Council Policy No. 33 requires that all future special tax obligations related to a residential parcel must be paid in full when the building permit for that parcel is issued. July 11, 2023 Item #4 Page 1 of 31 Conversely, City Council Policy No. 33 gives developers of non-residential property the option of discharging their future special tax obligation at the time building permits are issued or of paying it off over 25 years. City Council Policy No. 33 also establishes that paying for this community facilities district financing does not relieve any developer of the responsibility to provide funding for infrastructure improvements related to a single development. The city and property owners of specific vacant parcels in Carlsbad worked together to form Community Facilities District No. 1 in 1991 to create a funding mechanism that would allow the city’s growth management standards to be met. These standards are intended to ensure that development does not outpace necessary public services and facilities. Additional areas were annexed into the district later and are assessed at different rates. A map of the district’s current boundaries can be found in Exhibit 4. The funding for 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 Community Facilities District No. 1, as detailed below. These projects were or are now partially paid for through the levy of taxes upon 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 projects other than those specified at time of district formation. Where the money goes Through available cash balances, the district has funded or will fund the capital projects at the following sites: Civic facilities • Veteran’s Memorial Park • Orion Center (Public Works Center) • Civic Center (City Hall) • Cole Library Expansion • Carlsbad City Library on Dove Lane – complete • Library Learning Center – complete 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 July 11, 2023 Item #4 Page 2 of 31 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 • 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. This ratio cannot be changed without complying with the requirements of the Mello-Roos Community Facilities Act, including a vote by the affected property owners. This would entail mailing ballots to each property owner in the district, and the changes can then be rejected with a majority protest vote by the property owners. The City Council adopted an ordinance establishing the special tax formula and maximum rates for the district when it was established in 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.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. Instead, the city establishes the actual special tax rates each fiscal year based on the funding needs of future years, within the constraint of the maximum special tax rate. The actual special rates recommended for FY 2023-24 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 that were annexed later. The April 2023 Engineering News-Record index reflects an annual percentage change in the construction cost of 0.20%. The maximum special tax rates reflect an increase of 0.10%, which is one-half of the Engineering News-Record Index. 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 recommend that the special tax not be levied in the upcoming fiscal year on vacant property planned for future residential development. The City Council has not levied this tax since 2002. 1 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. Los Angeles is the closest comparable area in the index. July 11, 2023 Item #4 Page 3 of 31 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 recommend that vacant property planned for future non-residential development also not be taxed 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. For residential properties it is based on the density of the project and the number of units. As reflected in Attachment A of Exhibit 1, and consistent with last year, staff recommend the percent of the maximum one-time special tax levied at the time a residential building permit is issued remain at 90.00% of the maximum special tax for FY 2023-24. This is now set at 90% of the maximum special tax for FY 2022-23. Staff recommend this be set to 90% of the maximum special tax for FY 2023-24. 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. The projected revenue from residential properties allows for the payment of 65% of the allocated share of project costs. Under this recommendation, for properties with a density up to 4.0 dwelling units per acre in one of the two areas in the district, Improvement Area No. 1, the one-time residential rates are estimated to be: • At the current 2022-23 rate, $6,029 to $8,977 per dwelling unit • At 90% of the maximum rate for 2023-24, $6,035 to $8,995 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 and consistent with last year, staff recommend the percent of the maximum one-time special tax levied at the time a non-residential building permit is issued remain at 10.00% of the maximum special tax for FY 2023-24. The projected revenue from non-residential properties allows for the payment of 35% of the allocated share of project costs. 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 FY 2023-24 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. July 11, 2023 Item #4 Page 4 of 31 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 city’s 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. 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. The chart below shows the history of the percentage of the maximum allowable one-time tax levied on residential and non-residential property: Residential property Non-residential property Current FY 2022-23 Proposed FY 2023-24 Current FY 2022-23 Proposed FY 2023-24 Vacant land tax None None None None One-time tax 90% of max 90% of max 10% of max 10% of max Developed annual tax n/a n/a 7.5% 7.5% July 11, 2023 Item #4 Page 5 of 31 100% -residential -non-residential 80% 60% 40% 20% 0% 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. Since then: • 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 for residential properties 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. • Beginning in FY 2005-06, the city began to lower the non-residential special tax rates from 100% of the maximum until achieving the rate of 30% of the maximum. • 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. 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 $1,700,000 for fiscal year 2023-24. The revenue generated from a one-time special tax for non-residential property, based on growth projections, is estimated to be $76,600 for fiscal year 2023-24. An additional $708,000 is anticipated to be collected for fiscal year 2023-24 from the special taxes on non-residential property. Options Staff recommend that the City Council adopt a resolution to approve: • The proposed maximum special tax rates for FY 2023-24 for property within District No. 1 • The proposed actual special tax rates of 90% of the maximum for residential development, consistent with last year • A rate of 10% of the maximum for the one-time tax on nonresidential development, consistent with last year • A rate of 7.5% of the maximum 13.81% for the annual tax on nonresidential development, consistent with last year Approving the tax rates as proposed will continue to allow the tax revenue needed to pay for remaining city projects of the district, such as Veteran’s Park (in progress) and civic center (future) as well as ensuring the 65%/35% contribution split required between residential and non-residential properties continue to be closely aligned. Next Steps Staff will implement the new Community Facilities District No. 1 special tax rates for fiscal year 2023-24 in accordance with the City Council’s direction. July 11, 2023 Item #4 Page 6 of 31 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. Exhibits 1. City Council resolution 2. Community Facilities District No. 1 Project Schedule as of July 1, 2023 3. History of tax rates for Community Facilities District No. 1 4. Boundary map of Community Facilities District No. 1 July 11, 2023 Item #4 Page 7 of 31 RESOLUTION NO. 2023-188 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE FISCAL YEAR 2023-24 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 ofthe "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 2023-24. 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 2023-24 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 e.Payment of administrative expenses of the District. Exhibit 1 July 11, 2023 Item #4 Page 8 of 31 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 11th day of MY, 2023, by the following vote, to wit: AYES: NAYS: ABSTAIN: ABSENT: Blackburn, Bhat-Patel, Acosta, Burkholder, Luna. None. None. None. f-- KEITH BLACKBURN, Mayor SHERRY FREISINGER, City Clerk (SEAL) July 11, 2023 Item #4 Page 9 of 31 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 $423 $438 $443 $443 $444 $446 RLM 1,163 1,204 1,217 1,217 1,219 1,226 RM 1,949 2,019 2,041 2,041 2,043 2,055 RMH 2,988 3,095 3,129 3,129 3,132 3,151 RH 4,207 4,357 4,405 4,405 4,409 4,435 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,615 $3,744 $3,785 $3,785 $3,789 $3,811 INDUSTRIAL 1,807 1,872 1,892 1,892 1,894 1,906 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 $417 $432 $437 $437 $437 $440 RLM 1,145 1,186 1,199 1,199 1,200 1,207 RM 1,833 1,899 1,919 1,919 1,921 1,933 RMH 2,813 2,914 2,946 2,946 2,949 2,966 RH 4,125 4,273 4,319 4,319 4,324 4,349 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,410 $2,496 $2,523 $2,523 $2,526 $2,541 INDUSTRIAL 1,446 1,498 1,514 1,514 1,515 1,524 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. 2023-24 MAXIMUM PERCENTAGE 2023-24 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. CITY OF CARLSBAD TAX RATES FOR FISCAL YEAR 2023-24 ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX 13.81% MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 7.50% FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE COMMUNITY FACILITES DISTRICT NO. 1 Attachment A July 11, 2023 Item #4 Page 10 of 31 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 $449 $454 $461 $468 $473 $477 RLM 1,233 1,247 1,267 1,286 1,299 1,311 RM 2,067 2,091 2,125 2,156 2,177 2,197 RMH 3,169 3,205 3,257 3,306 3,338 3,368 RH 4,462 4,512 4,586 4,653 4,699 4,741 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,834 $3,877 $3,940 $3,999 $4,038 $4,074 INDUSTRIAL 1,917 1,939 1,970 1,999 2,019 2,037 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 $442 $448 $455 $462 $466 $470 RLM 1,214 1,228 1,248 1,266 1,279 1,290 RM 1,944 1,966 1,998 2,028 2,048 2,066 RMH 2,984 3,018 3,067 3,112 3,143 3,171 RH 4,375 4,425 4,497 4,563 4,609 4,650 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,556 $2,585 $2,627 $2,666 $2,692 $2,716 INDUSTRIAL 1,534 1,551 1,576 1,599 1,615 1,630 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE CITY OF CARLSBAD MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 COMMUNITY FACILITES DISTRICT NO. 1 FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 11 of 31 Page 3 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 RESIDENTIAL (PER ACRE) RL $484 $499 $507 $516 $526 RLM 1,329 1,370 1,393 1,419 1,445 RM 2,228 2,296 2,336 2,378 2,421 RMH 3,416 3,520 3,581 3,646 3,712 RH 4,809 4,956 5,041 5,133 5,226 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,132 $4,259 $4,332 $4,411 $4,491 INDUSTRIAL 2,066 2,129 2,166 2,205 2,245 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 RESIDENTIAL (PER ACRE) RL $477 $492 $500 $509 $518 RLM 1,309 1,349 1,372 1,397 1,422 RM 2,096 2,159 2,197 2,237 2,277 RMH 3,216 3,315 3,372 3,433 3,495 RH 4,716 4,860 4,944 5,034 5,125 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,755 $2,839 $2,888 $2,940 $2,994 INDUSTRIAL 1,653 1,703 1,733 1,764 1,796 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE CITY OF CARLSBAD MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 COMMUNITY FACILITES DISTRICT NO. 1 FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 12 of 31 Page 4 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 RESIDENTIAL (PER ACRE) RL $542 $534 $541 $548 $548 RLM 1,489 1,467 1,487 1,505 1,505 RM 2,496 2,458 2,492 2,522 2,522 RMH 3,827 3,769 3,821 3,866 3,866 RH 5,388 5,306 5,379 5,443 5,443 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,630 $4,559 $4,622 $4,677 $4,677 INDUSTRIAL 2,315 2,280 2,311 2,339 2,339 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 RESIDENTIAL (PER ACRE) RL $534 $526 $534 $540 $540 RLM 1,466 1,444 1,464 1,481 1,481 RM 2,348 2,312 2,344 2,372 2,372 RMH 3,604 3,549 3,598 3,640 3,640 RH 5,284 5,203 5,275 5,338 5,338 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,087 $3,040 $3,082 $3,118 $3,118 INDUSTRIAL 1,852 1,824 1,849 1,871 1,871 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE CITY OF CARLSBAD MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 COMMUNITY FACILITES DISTRICT NO. 1 FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 13 of 31 Page 5 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 RESIDENTIAL (PER ACRE) RL $559 $566 $570 $582 $589 RLM 1,536 1,554 1,566 1,599 1,619 RM 2,575 2,605 2,625 2,680 2,713 RMH 3,948 3,995 4,024 4,109 4,160 RH 5,558 5,624 5,665 5,785 5,856 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,776 $4,832 $4,868 $4,971 $5,032 INDUSTRIAL 2,388 2,416 2,434 2,485 2,516 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 RESIDENTIAL (PER ACRE) RL $551 $558 $562 $574 $581 RLM 1,512 1,530 1,542 1,574 1,593 RM 2,422 2,450 2,469 2,521 2,552 RMH 3,717 3,761 3,789 3,869 3,917 RH 5,450 5,515 5,556 5,673 5,743 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,184 $3,222 $3,245 $3,314 $3,355 INDUSTRIAL 1,910 1,933 1,947 1,988 2,013 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 COMMUNITY FACILITES DISTRICT NO. 1 FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 14 of 31 Page 6 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 RESIDENTIAL (PER ACRE) RL $594 $592 $594 $630 $631 RLM 1,631 1,627 1,633 1,731 1,733 RM 2,733 2,728 2,737 2,902 2,905 RMH 4,191 4,182 4,197 4,449 4,454 RH 5,900 5,888 5,908 6,264 6,270 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $5,070 $5,059 $5,077 $5,382 $5,388 INDUSTRIAL 2,535 2,530 2,539 2,691 2,694 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 RESIDENTIAL (PER ACRE) RL $585 $584 $586 $621 $622 RLM 1,605 1,602 1,608 1,704 1,706 RM 2,571 2,566 2,574 2,729 2,732 RMH 3,946 3,938 3,952 4,189 4,193 RH 5,786 5,774 5,794 6,143 6,149 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,380 $3,373 $3,385 $3,588 $3,592 INDUSTRIAL 2,028 2,024 2,031 2,153 2,155 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2023-24 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE CITY OF CARLSBAD MAXIMUM UNDEVELOPED PROPERTY TAX TAX RATES FOR FISCAL YEAR 2023-24 COMMUNITY FACILITES DISTRICT NO. 1 July 11, 2023 Item #4 Page 15 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 7 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) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,034.76 $6,250.64 $6,318.64 $6,318.64 $6,324.96 $6,362.68 1.51 - 4.0 DU/ACRE 6,034.76 6,250.64 6,318.64 6,318.64 6,324.96 6,362.68 4.1 - 8.0 DU/ACRE 3,809.00 3,945.26 3,988.18 3,988.18 3,992.17 4,015.98 8.1 - 15.0 DU/ACRE 3,809.00 3,945.26 3,988.18 3,988.18 3,992.17 4,015.98 15.1 - 23.0 DU/ACRE 3,809.00 3,945.26 3,988.18 3,988.18 3,992.17 4,015.98 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.22 $1.27 $1.28 $1.28 $1.28 $1.29 AUTO - REPAIR & SALES 0.51 0.53 0.54 0.54 0.54 0.54 AUTO CAR WASH 0.95 0.98 1.00 1.00 1.00 1.00 BANK - WALK IN 1.93 2.00 2.02 2.02 2.03 2.04 BANK - WITH DRIVE THRU 2.72 2.82 2.85 2.85 2.85 2.87 BOWLING ALLEY 1.00 1.03 1.05 1.05 1.05 1.05 CAMPGROUND 2.64 2.73 2.76 2.76 2.76 2.78 CHURCH 0.45 0.47 0.47 0.47 0.47 0.47 COMMERCIAL SHOPS 0.44 0.45 0.46 0.46 0.46 0.46 COMMUNITY SHOPPING CENTER 0.64 0.66 0.67 0.67 0.67 0.67 CONVENIENCE MARKET 4.11 4.26 4.31 4.31 4.31 4.34 DISCOUNT STORE 0.48 0.50 0.51 0.51 0.51 0.51 GOLF COURSE 0.46 0.48 0.48 0.48 0.48 0.49 GROCERY STORE 1.17 1.21 1.23 1.23 1.23 1.24 HEALTH CLUB 0.44 0.45 0.46 0.46 0.46 0.46 HELIPORTS 1.60 1.66 1.68 1.68 1.68 1.69 HOSPITAL - CONVALESCENT 0.35 0.36 0.37 0.37 0.37 0.37 HOSPITAL - GENERAL 0.58 0.61 0.61 0.61 0.61 0.62 HOTEL - CONV. FAC/COMM.0.52 0.54 0.55 0.55 0.55 0.55 INDOOR SPORTS ARENA 0.35 0.36 0.37 0.37 0.37 0.37 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.32 0.33 0.34 0.34 0.34 0.34 JUNIOR COLLEGE 0.33 0.34 0.35 0.35 0.35 0.35 LIBRARY 0.64 0.66 0.67 0.67 0.67 0.68 LUMBER/HARDWARE STORE 0.37 0.39 0.39 0.39 0.39 0.39 MARINA 2.24 2.32 2.34 2.34 2.34 2.36 MOTEL 0.41 0.42 0.42 0.42 0.42 0.43 NEIGHBORHOOD SHOPPING CENTER 0.97 1.01 1.02 1.02 1.02 1.03 OFFICE - COMMERCIAL (< 100,000 SF)0.39 0.40 0.40 0.40 0.40 0.41 OFFICE - GOVERNMENT 0.44 0.46 0.46 0.46 0.46 0.47 OFFICE - HIGH RISE 0.40 0.42 0.42 0.42 0.42 0.42 OFFICE - MEDICAL 0.36 0.38 0.38 0.38 0.38 0.38 OUTDOOR TENNIS COURT 4.24 4.39 4.44 4.44 4.44 4.47 RACE TRACK 0.77 0.80 0.80 0.80 0.81 0.81 REGIONAL SHOPPING CENTER 0.50 0.52 0.53 0.53 0.53 0.53 RESORT HOTEL 0.35 0.36 0.36 0.36 0.36 0.37 RESTAURANT - FAST FOOD 4.29 4.44 4.49 4.49 4.49 4.52 RESTAURANT - QUALITY 0.99 1.02 1.04 1.04 1.04 1.04 RESTAURANT - SIT DOWN 2.28 2.37 2.39 2.39 2.39 2.41 S & L - WALK IN 0.83 0.86 0.87 0.87 0.87 0.87 S & L - WITH DRIVE THRU 1.14 1.18 1.20 1.20 1.20 1.21 UNIVERSITY 0.34 0.35 0.36 0.36 0.36 0.36 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.32 0.33 0.34 0.34 0.34 0.34 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.26 0.27 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 16 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 8 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,400.63 $6,473.40 $6,578.48 $6,675.70 $6,741.79 1.51 - 4.0 DU/ACRE 6,400.63 6,473.40 6,578.48 6,675.70 6,741.79 4.1 - 8.0 DU/ACRE 4,039.93 4,085.86 4,152.18 4,213.55 4,255.26 8.1 - 15.0 DU/ACRE 4,039.93 4,085.86 4,152.18 4,213.55 4,255.26 15.1 - 23.0 DU/ACRE 4,039.93 4,085.86 4,152.18 4,213.55 4,255.26 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.30 $1.31 $1.33 $1.35 $1.36 AUTO - REPAIR & SALES 0.54 0.55 0.56 0.57 0.57 AUTO CAR WASH 1.01 1.02 1.04 1.05 1.06 BANK - WALK IN 2.05 2.07 2.11 2.14 2.16 BANK - WITH DRIVE THRU 2.88 2.92 2.97 3.01 3.04 BOWLING ALLEY 1.06 1.07 1.09 1.10 1.12 CAMPGROUND 2.80 2.83 2.87 2.92 2.95 CHURCH 0.48 0.48 0.49 0.50 0.50 COMMERCIAL SHOPS 0.46 0.47 0.48 0.48 0.49 COMMUNITY SHOPPING CENTER 0.68 0.69 0.70 0.71 0.71 CONVENIENCE MARKET 4.36 4.41 4.48 4.55 4.60 DISCOUNT STORE 0.51 0.52 0.53 0.54 0.54 GOLF COURSE 0.49 0.49 0.50 0.51 0.51 GROCERY STORE 1.24 1.26 1.28 1.30 1.31 HEALTH CLUB 0.46 0.47 0.47 0.48 0.49 HELIPORTS 1.70 1.72 1.75 1.77 1.79 HOSPITAL - CONVALESCENT 0.37 0.38 0.38 0.39 0.39 HOSPITAL - GENERAL 0.62 0.63 0.64 0.65 0.65 HOTEL - CONV. FAC/COMM.0.55 0.56 0.57 0.58 0.58 INDOOR SPORTS ARENA 0.37 0.38 0.38 0.39 0.39 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.34 0.35 0.35 0.36 0.36 JUNIOR COLLEGE 0.35 0.35 0.36 0.36 0.37 LIBRARY 0.68 0.69 0.70 0.71 0.72 LUMBER/HARDWARE STORE 0.39 0.40 0.41 0.41 0.42 MARINA 2.37 2.40 2.44 2.47 2.50 MOTEL 0.43 0.43 0.44 0.45 0.45 NEIGHBORHOOD SHOPPING CENTER 1.03 1.04 1.06 1.08 1.09 OFFICE - COMMERCIAL (< 100,000 SF)0.41 0.41 0.42 0.43 0.43 OFFICE - GOVERNMENT 0.47 0.47 0.48 0.49 0.49 OFFICE - HIGH RISE 0.43 0.43 0.44 0.44 0.45 OFFICE - MEDICAL 0.39 0.39 0.40 0.40 0.41 OUTDOOR TENNIS COURT 4.50 4.55 4.62 4.69 4.73 RACE TRACK 0.81 0.82 0.84 0.85 0.86 REGIONAL SHOPPING CENTER 0.54 0.54 0.55 0.56 0.56 RESORT HOTEL 0.37 0.37 0.38 0.38 0.39 RESTAURANT - FAST FOOD 4.55 4.60 4.67 4.74 4.79 RESTAURANT - QUALITY 1.05 1.06 1.08 1.09 1.11 RESTAURANT - SIT DOWN 2.42 2.45 2.49 2.53 2.55 S & L - WALK IN 0.88 0.89 0.90 0.92 0.93 S & L - WITH DRIVE THRU 1.21 1.23 1.25 1.26 1.28 UNIVERSITY 0.36 0.37 0.37 0.38 0.38 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.34 0.35 0.35 0.36 0.36 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.28 0.28 0.29 0.29 0.29 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 17 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 9 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,801.93 $6,899.14 $7,109.83 $7,232.11 $7,363.48 1.51 - 4.0 DU/ACRE 6,801.93 6,899.14 7,109.83 7,232.11 7,363.48 4.1 - 8.0 DU/ACRE 4,293.22 4,354.58 4,487.56 4,564.74 4,647.66 8.1 - 15.0 DU/ACRE 4,293.22 4,354.58 4,487.56 4,564.74 4,647.66 15.1 - 23.0 DU/ACRE 4,293.22 4,354.58 4,487.56 4,564.74 4,647.66 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.38 $1.40 $1.44 $1.46 $1.49 AUTO - REPAIR & SALES 0.58 0.59 0.61 0.62 0.63 AUTO CAR WASH 1.07 1.09 1.12 1.14 1.16 BANK - WALK IN 2.18 2.21 2.28 2.32 2.36 BANK - WITH DRIVE THRU 3.07 3.11 3.20 3.26 3.32 BOWLING ALLEY 1.13 1.14 1.18 1.20 1.22 CAMPGROUND 2.97 3.01 3.11 3.16 3.22 CHURCH 0.51 0.51 0.53 0.54 0.55 COMMERCIAL SHOPS 0.49 0.50 0.51 0.52 0.53 COMMUNITY SHOPPING CENTER 0.72 0.73 0.75 0.77 0.78 CONVENIENCE MARKET 4.64 4.70 4.85 4.93 5.02 DISCOUNT STORE 0.55 0.55 0.57 0.58 0.59 GOLF COURSE 0.52 0.53 0.54 0.55 0.56 GROCERY STORE 1.32 1.34 1.38 1.40 1.43 HEALTH CLUB 0.49 0.50 0.51 0.52 0.53 HELIPORTS 1.80 1.83 1.89 1.92 1.95 HOSPITAL - CONVALESCENT 0.40 0.40 0.41 0.42 0.43 HOSPITAL - GENERAL 0.66 0.67 0.69 0.70 0.71 HOTEL - CONV. FAC/COMM.0.59 0.60 0.62 0.63 0.64 INDOOR SPORTS ARENA 0.40 0.40 0.41 0.42 0.43 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.36 0.37 0.38 0.39 0.39 JUNIOR COLLEGE 0.37 0.38 0.39 0.40 0.40 LIBRARY 0.72 0.73 0.76 0.77 0.78 LUMBER/HARDWARE STORE 0.42 0.43 0.44 0.45 0.45 MARINA 2.52 2.56 2.64 2.68 2.73 MOTEL 0.46 0.46 0.48 0.49 0.49 NEIGHBORHOOD SHOPPING CENTER 1.10 1.11 1.15 1.17 1.19 OFFICE - COMMERCIAL (< 100,000 SF)0.43 0.44 0.45 0.46 0.47 OFFICE - GOVERNMENT 0.50 0.50 0.52 0.53 0.54 OFFICE - HIGH RISE 0.45 0.46 0.47 0.48 0.49 OFFICE - MEDICAL 0.41 0.42 0.43 0.44 0.44 OUTDOOR TENNIS COURT 4.78 4.85 4.99 5.08 5.17 RACE TRACK 0.87 0.88 0.90 0.92 0.94 REGIONAL SHOPPING CENTER 0.57 0.58 0.59 0.60 0.62 RESORT HOTEL 0.39 0.40 0.41 0.42 0.42 RESTAURANT - FAST FOOD 4.83 4.90 5.05 5.14 5.23 RESTAURANT - QUALITY 1.12 1.13 1.17 1.19 1.21 RESTAURANT - SIT DOWN 2.58 2.61 2.69 2.74 2.79 S & L - WALK IN 0.94 0.95 0.98 0.99 1.01 S & L - WITH DRIVE THRU 1.29 1.31 1.35 1.37 1.39 UNIVERSITY 0.38 0.39 0.40 0.41 0.42 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.36 0.37 0.38 0.39 0.39 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.30 0.30 0.31 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 18 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 10 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,497.23 $7,729.70 $7,611.99 $7,717.08 $7,808.59 1.51 - 4.0 DU/ACRE 7,497.23 7,729.70 7,611.99 7,717.08 7,808.59 4.1 - 8.0 DU/ACRE 4,732.08 4,878.81 4,804.51 4,870.85 4,928.60 8.1 - 15.0 DU/ACRE 4,732.08 4,878.81 4,804.51 4,870.85 4,928.60 15.1 - 23.0 DU/ACRE 4,732.08 4,878.81 4,804.51 4,870.85 4,928.60 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.52 $1.56 $1.54 $1.56 $1.58 AUTO - REPAIR & SALES 0.64 0.66 0.65 0.66 0.66 AUTO CAR WASH 1.18 1.22 1.20 1.22 1.23 BANK - WALK IN 2.40 2.48 2.44 2.47 2.50 BANK - WITH DRIVE THRU 3.38 3.48 3.43 3.48 3.52 BOWLING ALLEY 1.24 1.28 1.26 1.28 1.29 CAMPGROUND 3.28 3.38 3.33 3.37 3.41 CHURCH 0.56 0.58 0.57 0.58 0.58 COMMERCIAL SHOPS 0.54 0.56 0.55 0.56 0.57 COMMUNITY SHOPPING CENTER 0.79 0.82 0.81 0.82 0.83 CONVENIENCE MARKET 5.11 5.27 5.19 5.26 5.32 DISCOUNT STORE 0.60 0.62 0.61 0.62 0.63 GOLF COURSE 0.57 0.59 0.58 0.59 0.60 GROCERY STORE 1.46 1.50 1.48 1.50 1.52 HEALTH CLUB 0.54 0.56 0.55 0.56 0.56 HELIPORTS 1.99 2.05 2.02 2.05 2.07 HOSPITAL - CONVALESCENT 0.44 0.45 0.44 0.45 0.45 HOSPITAL - GENERAL 0.73 0.75 0.74 0.75 0.76 HOTEL - CONV. FAC/COMM.0.65 0.67 0.66 0.67 0.68 INDOOR SPORTS ARENA 0.44 0.45 0.44 0.45 0.45 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.40 0.41 0.41 0.41 0.42 JUNIOR COLLEGE 0.41 0.42 0.42 0.42 0.43 LIBRARY 0.80 0.82 0.81 0.82 0.83 LUMBER/HARDWARE STORE 0.46 0.48 0.47 0.48 0.48 MARINA 2.78 2.86 2.82 2.86 2.89 MOTEL 0.50 0.52 0.51 0.52 0.52 NEIGHBORHOOD SHOPPING CENTER 1.21 1.25 1.23 1.24 1.26 OFFICE - COMMERCIAL (< 100,000 SF)0.48 0.49 0.49 0.49 0.50 OFFICE - GOVERNMENT 0.55 0.57 0.56 0.56 0.57 OFFICE - HIGH RISE 0.50 0.52 0.51 0.51 0.52 OFFICE - MEDICAL 0.45 0.47 0.46 0.47 0.47 OUTDOOR TENNIS COURT 5.27 5.43 5.35 5.42 5.48 RACE TRACK 0.95 0.98 0.97 0.98 0.99 REGIONAL SHOPPING CENTER 0.63 0.65 0.64 0.65 0.65 RESORT HOTEL 0.43 0.44 0.44 0.44 0.45 RESTAURANT - FAST FOOD 5.33 5.49 5.41 5.48 5.55 RESTAURANT - QUALITY 1.23 1.27 1.25 1.27 1.28 RESTAURANT - SIT DOWN 2.84 2.93 2.88 2.92 2.96 S & L - WALK IN 1.03 1.06 1.05 1.06 1.07 S & L - WITH DRIVE THRU 1.42 1.46 1.44 1.46 1.48 UNIVERSITY 0.42 0.44 0.43 0.44 0.44 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.40 0.41 0.41 0.41 0.42 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.33 0.34 0.33 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 19 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 11 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,808.59 $7,972.94 $8,067.48 $8,127.54 $8,298.60 1.51 - 4.0 DU/ACRE 7,808.59 7,972.94 8,067.48 8,127.54 8,298.60 4.1 - 8.0 DU/ACRE 4,928.60 5,032.34 5,092.01 5,129.92 5,237.89 8.1 - 15.0 DU/ACRE 4,928.60 5,032.34 5,092.01 5,129.92 5,237.89 15.1 - 23.0 DU/ACRE 4,928.60 5,032.34 5,092.01 5,129.92 5,237.89 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.58 $1.61 $1.63 $1.65 $1.68 AUTO - REPAIR & SALES 0.66 0.68 0.69 0.69 0.71 AUTO CAR WASH 1.23 1.26 1.27 1.28 1.31 BANK - WALK IN 2.50 2.55 2.58 2.60 2.66 BANK - WITH DRIVE THRU 3.52 3.59 3.64 3.66 3.74 BOWLING ALLEY 1.29 1.32 1.33 1.34 1.37 CAMPGROUND 3.41 3.48 3.53 3.55 3.63 CHURCH 0.58 0.59 0.60 0.61 0.62 COMMERCIAL SHOPS 0.57 0.58 0.58 0.59 0.60 COMMUNITY SHOPPING CENTER 0.83 0.84 0.85 0.86 0.88 CONVENIENCE MARKET 5.32 5.43 5.50 5.54 5.66 DISCOUNT STORE 0.63 0.64 0.65 0.65 0.67 GOLF COURSE 0.60 0.61 0.62 0.62 0.63 GROCERY STORE 1.52 1.55 1.57 1.58 1.61 HEALTH CLUB 0.56 0.58 0.58 0.59 0.60 HELIPORTS 2.07 2.12 2.14 2.16 2.20 HOSPITAL - CONVALESCENT 0.45 0.46 0.47 0.47 0.48 HOSPITAL - GENERAL 0.76 0.77 0.78 0.79 0.80 HOTEL - CONV. FAC/COMM.0.68 0.69 0.70 0.70 0.72 INDOOR SPORTS ARENA 0.45 0.46 0.47 0.47 0.48 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.42 0.43 0.43 0.43 0.44 JUNIOR COLLEGE 0.43 0.44 0.44 0.44 0.45 LIBRARY 0.83 0.85 0.86 0.86 0.88 LUMBER/HARDWARE STORE 0.48 0.49 0.50 0.50 0.51 MARINA 2.89 2.95 2.99 3.01 3.08 MOTEL 0.52 0.54 0.54 0.55 0.56 NEIGHBORHOOD SHOPPING CENTER 1.26 1.29 1.30 1.31 1.34 OFFICE - COMMERCIAL (< 100,000 SF)0.50 0.51 0.52 0.52 0.53 OFFICE - GOVERNMENT 0.57 0.58 0.59 0.59 0.61 OFFICE - HIGH RISE 0.52 0.53 0.54 0.54 0.55 OFFICE - MEDICAL 0.47 0.48 0.49 0.49 0.50 OUTDOOR TENNIS COURT 5.48 5.60 5.67 5.71 5.83 RACE TRACK 0.99 1.01 1.03 1.03 1.06 REGIONAL SHOPPING CENTER 0.65 0.67 0.67 0.68 0.69 RESORT HOTEL 0.45 0.46 0.46 0.47 0.48 RESTAURANT - FAST FOOD 5.55 5.66 5.73 5.77 5.89 RESTAURANT - QUALITY 1.28 1.31 1.32 1.33 1.36 RESTAURANT - SIT DOWN 2.96 3.02 3.05 3.08 3.14 S & L - WALK IN 1.07 1.10 1.11 1.12 1.14 S & L - WITH DRIVE THRU 1.48 1.51 1.53 1.54 1.57 UNIVERSITY 0.44 0.45 0.46 0.46 0.47 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.42 0.43 0.43 0.43 0.44 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.34 0.35 0.35 0.35 0.36 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 20 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 12 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $8,401.06 $8,463.59 $8,446.63 $8,476.09 $8,985.93 $8,994.91 1.51 - 4.0 DU/ACRE 8,401.06 8,463.59 8,446.63 8,476.09 8,985.93 8,994.91 4.1 - 8.0 DU/ACRE 5,302.55 5,342.03 5,331.32 5,349.92 5,671.71 5,677.38 8.1 - 15.0 DU/ACRE 5,302.55 5,342.03 5,331.32 5,349.92 5,671.71 5,677.38 15.1 - 23.0 DU/ACRE 5,302.55 5,342.03 5,331.32 5,349.92 5,671.71 5,677.38 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $1.70 $1.71 $1.71 $1.72 $1.82 $1.82 AUTO - REPAIR & SALES 0.71 0.72 0.72 0.72 0.76 0.77 AUTO CAR WASH 1.32 1.33 1.33 1.33 1.42 1.42 BANK - WALK IN 2.69 2.71 2.70 2.71 2.88 2.88 BANK - WITH DRIVE THRU 3.79 3.81 3.81 3.82 4.05 4.05 BOWLING ALLEY 1.39 1.40 1.40 1.40 1.49 1.49 CAMPGROUND 3.67 3.70 3.69 3.70 3.93 3.93 CHURCH 0.63 0.63 0.63 0.63 0.67 0.67 COMMERCIAL SHOPS 0.61 0.61 0.61 0.61 0.65 0.65 COMMUNITY SHOPPING CENTER 0.89 0.90 0.89 0.90 0.95 0.95 CONVENIENCE MARKET 5.73 5.77 5.76 5.78 6.12 6.13 DISCOUNT STORE 0.68 0.68 0.68 0.68 0.72 0.72 GOLF COURSE 0.64 0.65 0.65 0.65 0.69 0.69 GROCERY STORE 1.63 1.64 1.64 1.65 1.74 1.75 HEALTH CLUB 0.61 0.61 0.61 0.61 0.65 0.65 HELIPORTS 2.23 2.25 2.24 2.25 2.38 2.39 HOSPITAL - CONVALESCENT 0.49 0.49 0.49 0.49 0.52 0.52 HOSPITAL - GENERAL 0.81 0.82 0.82 0.82 0.87 0.87 HOTEL - CONV. FAC/COMM.0.73 0.73 0.73 0.73 0.78 0.78 INDOOR SPORTS ARENA 0.49 0.49 0.49 0.49 0.52 0.52 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.45 0.45 0.45 0.45 0.48 0.48 JUNIOR COLLEGE 0.46 0.46 0.46 0.46 0.49 0.49 LIBRARY 0.89 0.90 0.90 0.90 0.96 0.96 LUMBER/HARDWARE STORE 0.52 0.52 0.52 0.52 0.55 0.55 MARINA 3.11 3.14 3.13 3.14 3.33 3.33 MOTEL 0.56 0.57 0.57 0.57 0.60 0.60 NEIGHBORHOOD SHOPPING CENTER 1.35 1.36 1.36 1.37 1.45 1.45 OFFICE - COMMERCIAL (< 100,000 SF)0.54 0.54 0.54 0.54 0.57 0.57 OFFICE - GOVERNMENT 0.61 0.62 0.62 0.62 0.66 0.66 OFFICE - HIGH RISE 0.56 0.56 0.56 0.56 0.60 0.60 OFFICE - MEDICAL 0.51 0.51 0.51 0.51 0.54 0.54 OUTDOOR TENNIS COURT 5.90 5.94 5.93 5.95 6.31 6.32 RACE TRACK 1.07 1.08 1.08 1.08 1.14 1.14 REGIONAL SHOPPING CENTER 0.70 0.71 0.71 0.71 0.75 0.75 RESORT HOTEL 0.48 0.49 0.48 0.49 0.52 0.52 RESTAURANT - FAST FOOD 5.97 6.01 6.00 6.02 6.38 6.39 RESTAURANT - QUALITY 1.38 1.39 1.39 1.39 1.47 1.47 RESTAURANT - SIT DOWN 3.18 3.20 3.20 3.21 3.40 3.41 S & L - WALK IN 1.16 1.16 1.16 1.17 1.24 1.24 S & L - WITH DRIVE THRU 1.59 1.60 1.60 1.61 1.70 1.70 UNIVERSITY 0.47 0.48 0.48 0.48 0.51 0.51 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.45 0.45 0.45 0.45 0.48 0.48 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.36 0.37 0.37 0.37 0.39 0.39 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 0.20%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 21 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 13 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) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,198.40 $5,384.36 $5,442.95 $5,442.95 $5,448.39 $5,480.88 1.51 - 4.0 DU/ACRE 5,198.40 5,384.36 5,442.95 5,442.95 5,448.39 5,480.88 4.1 - 8.0 DU/ACRE 3,133.95 3,246.06 3,281.38 3,281.38 3,284.66 3,304.25 8.1 - 15.0 DU/ACRE 3,133.95 3,246.06 3,281.38 3,281.38 3,284.66 3,304.25 15.1 - 23.0 DU/ACRE 3,133.95 3,246.06 3,281.38 3,281.38 3,284.66 3,304.25 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.44 $0.45 $0.46 $0.46 $0.46 $0.46 AUTO - REPAIR & SALES 0.24 0.25 0.25 0.25 0.25 0.25 AUTO CAR WASH 0.38 0.39 0.40 0.40 0.40 0.40 BANK - WALK IN 0.69 0.72 0.73 0.73 0.73 0.73 BANK - WITH DRIVE THRU 0.86 0.89 0.90 0.90 0.90 0.91 BOWLING ALLEY 0.43 0.44 0.45 0.45 0.45 0.45 CAMPGROUND 0.75 0.78 0.79 0.79 0.79 0.79 CHURCH 0.29 0.30 0.31 0.31 0.31 0.31 COMMERCIAL SHOPS 0.24 0.25 0.25 0.25 0.25 0.25 COMMUNITY SHOPPING CENTER 0.27 0.28 0.28 0.28 0.28 0.29 CONVENIENCE MARKET 1.02 1.05 1.06 1.06 1.06 1.07 DISCOUNT STORE 0.24 0.25 0.25 0.25 0.25 0.25 GOLF COURSE 0.32 0.33 0.34 0.34 0.34 0.34 GROCERY STORE 0.39 0.40 0.40 0.40 0.40 0.41 HEALTH CLUB 0.28 0.29 0.29 0.29 0.29 0.29 HELIPORTS 0.55 0.57 0.58 0.58 0.58 0.58 HOSPITAL - CONVALESCENT 0.34 0.35 0.35 0.35 0.35 0.35 HOSPITAL - GENERAL 0.48 0.50 0.50 0.50 0.50 0.50 HOTEL - CONV. FAC/COMM.0.38 0.39 0.40 0.40 0.40 0.40 INDOOR SPORTS ARENA 0.34 0.35 0.35 0.35 0.35 0.35 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.23 0.24 0.24 0.24 0.24 0.24 JUNIOR COLLEGE 0.29 0.30 0.30 0.30 0.30 0.30 LIBRARY 0.43 0.45 0.45 0.45 0.45 0.45 LUMBER/HARDWARE STORE 0.24 0.25 0.25 0.25 0.25 0.25 MARINA 0.66 0.69 0.70 0.70 0.70 0.70 MOTEL 0.31 0.32 0.32 0.32 0.33 0.33 NEIGHBORHOOD SHOPPING CENTER 0.34 0.35 0.36 0.36 0.36 0.36 OFFICE - COMMERCIAL (< 100,000 SF)0.26 0.27 0.28 0.28 0.28 0.28 OFFICE - GOVERNMENT 0.28 0.29 0.30 0.30 0.30 0.30 OFFICE - HIGH RISE 0.28 0.29 0.29 0.29 0.29 0.29 OFFICE - MEDICAL 0.31 0.32 0.33 0.33 0.33 0.33 OUTDOOR TENNIS COURT 1.09 1.13 1.14 1.14 1.15 1.15 RACE TRACK 0.35 0.36 0.37 0.37 0.37 0.37 REGIONAL SHOPPING CENTER 0.24 0.25 0.25 0.25 0.25 0.26 RESORT HOTEL 0.30 0.31 0.31 0.31 0.31 0.31 RESTAURANT - FAST FOOD 1.14 1.18 1.20 1.20 1.20 1.20 RESTAURANT - QUALITY 0.47 0.48 0.49 0.49 0.49 0.49 RESTAURANT - SIT DOWN 0.71 0.74 0.75 0.75 0.75 0.75 S & L - WALK IN 0.46 0.47 0.48 0.48 0.48 0.48 S & L - WITH DRIVE THRU 0.52 0.54 0.55 0.55 0.55 0.55 UNIVERSITY 0.29 0.30 0.30 0.30 0.30 0.30 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.22 0.22 0.23 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 22 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 14 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,513.57 $5,576.25 $5,666.77 $5,750.51 $5,807.45 1.51 - 4.0 DU/ACRE 5,513.57 5,576.25 5,666.77 5,750.51 5,807.45 4.1 - 8.0 DU/ACRE 3,323.96 3,361.75 3,416.32 3,466.80 3,501.13 8.1 - 15.0 DU/ACRE 3,323.96 3,361.75 3,416.32 3,466.80 3,501.13 15.1 - 23.0 DU/ACRE 3,323.96 3,361.75 3,416.32 3,466.80 3,501.13 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.46 $0.47 $0.47 $0.48 $0.49 AUTO - REPAIR & SALES 0.25 0.26 0.26 0.26 0.27 AUTO CAR WASH 0.40 0.41 0.41 0.42 0.42 BANK - WALK IN 0.73 0.74 0.76 0.77 0.77 BANK - WITH DRIVE THRU 0.91 0.92 0.94 0.95 0.96 BOWLING ALLEY 0.45 0.46 0.46 0.47 0.48 CAMPGROUND 0.80 0.81 0.82 0.83 0.84 CHURCH 0.31 0.31 0.32 0.32 0.33 COMMERCIAL SHOPS 0.25 0.26 0.26 0.26 0.27 COMMUNITY SHOPPING CENTER 0.29 0.29 0.30 0.30 0.30 CONVENIENCE MARKET 1.08 1.09 1.11 1.12 1.13 DISCOUNT STORE 0.25 0.26 0.26 0.26 0.27 GOLF COURSE 0.34 0.35 0.35 0.36 0.36 GROCERY STORE 0.41 0.41 0.42 0.43 0.43 HEALTH CLUB 0.30 0.30 0.30 0.31 0.31 HELIPORTS 0.59 0.59 0.60 0.61 0.62 HOSPITAL - CONVALESCENT 0.36 0.36 0.37 0.37 0.38 HOSPITAL - GENERAL 0.51 0.51 0.52 0.53 0.54 HOTEL - CONV. FAC/COMM.0.40 0.41 0.41 0.42 0.42 INDOOR SPORTS ARENA 0.36 0.36 0.37 0.37 0.38 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.24 0.24 0.25 0.25 0.25 JUNIOR COLLEGE 0.30 0.31 0.31 0.32 0.32 LIBRARY 0.46 0.46 0.47 0.48 0.48 LUMBER/HARDWARE STORE 0.25 0.26 0.26 0.26 0.27 MARINA 0.70 0.71 0.72 0.73 0.74 MOTEL 0.33 0.33 0.34 0.34 0.35 NEIGHBORHOOD SHOPPING CENTER 0.36 0.37 0.37 0.38 0.38 OFFICE - COMMERCIAL (< 100,000 SF)0.28 0.28 0.29 0.29 0.29 OFFICE - GOVERNMENT 0.30 0.30 0.31 0.31 0.32 OFFICE - HIGH RISE 0.29 0.30 0.30 0.31 0.31 OFFICE - MEDICAL 0.33 0.33 0.34 0.34 0.35 OUTDOOR TENNIS COURT 1.16 1.17 1.19 1.21 1.22 RACE TRACK 0.37 0.38 0.38 0.39 0.39 REGIONAL SHOPPING CENTER 0.26 0.26 0.26 0.27 0.27 RESORT HOTEL 0.32 0.32 0.33 0.33 0.33 RESTAURANT - FAST FOOD 1.21 1.22 1.24 1.26 1.28 RESTAURANT - QUALITY 0.49 0.50 0.51 0.51 0.52 RESTAURANT - SIT DOWN 0.76 0.76 0.78 0.79 0.80 S & L - WALK IN 0.48 0.49 0.50 0.50 0.51 S & L - WITH DRIVE THRU 0.56 0.56 0.57 0.58 0.59 UNIVERSITY 0.31 0.31 0.31 0.32 0.32 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.23 0.23 0.24 0.24 0.24 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.23 0.23 0.23 0.24 0.24 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 23 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 15 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,859.25 $5,943.00 $6,124.48 $6,229.82 $6,342.98 1.51 - 4.0 DU/ACRE 5,859.25 5,943.00 6,124.48 6,229.82 6,342.98 4.1 - 8.0 DU/ACRE 3,532.36 3,582.84 3,692.26 3,755.76 3,823.98 8.1 - 15.0 DU/ACRE 3,532.36 3,582.84 3,692.26 3,755.76 3,823.98 15.1 - 23.0 DU/ACRE 3,532.36 3,582.84 3,692.26 3,755.76 3,823.98 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.49 $0.50 $0.51 $0.52 $0.53 AUTO - REPAIR & SALES 0.27 0.27 0.28 0.29 0.29 AUTO CAR WASH 0.43 0.43 0.45 0.45 0.46 BANK - WALK IN 0.78 0.79 0.82 0.83 0.85 BANK - WITH DRIVE THRU 0.97 0.98 1.01 1.03 1.05 BOWLING ALLEY 0.48 0.49 0.50 0.51 0.52 CAMPGROUND 0.85 0.86 0.89 0.90 0.92 CHURCH 0.33 0.33 0.34 0.35 0.36 COMMERCIAL SHOPS 0.27 0.27 0.28 0.29 0.29 COMMUNITY SHOPPING CENTER 0.31 0.31 0.32 0.32 0.33 CONVENIENCE MARKET 1.14 1.16 1.20 1.22 1.24 DISCOUNT STORE 0.27 0.27 0.28 0.29 0.29 GOLF COURSE 0.36 0.37 0.38 0.39 0.39 GROCERY STORE 0.43 0.44 0.45 0.46 0.47 HEALTH CLUB 0.31 0.32 0.33 0.33 0.34 HELIPORTS 0.62 0.63 0.65 0.66 0.67 HOSPITAL - CONVALESCENT 0.38 0.38 0.40 0.40 0.41 HOSPITAL - GENERAL 0.54 0.55 0.56 0.57 0.58 HOTEL - CONV. FAC/COMM.0.43 0.43 0.45 0.45 0.46 INDOOR SPORTS ARENA 0.38 0.38 0.40 0.40 0.41 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.26 0.26 0.27 0.27 0.28 JUNIOR COLLEGE 0.32 0.33 0.34 0.34 0.35 LIBRARY 0.49 0.49 0.51 0.52 0.53 LUMBER/HARDWARE STORE 0.27 0.27 0.28 0.29 0.29 MARINA 0.75 0.76 0.78 0.80 0.81 MOTEL 0.35 0.35 0.37 0.37 0.38 NEIGHBORHOOD SHOPPING CENTER 0.39 0.39 0.40 0.41 0.42 OFFICE - COMMERCIAL (< 100,000 SF)0.30 0.30 0.31 0.32 0.32 OFFICE - GOVERNMENT 0.32 0.32 0.33 0.34 0.35 OFFICE - HIGH RISE 0.31 0.32 0.33 0.33 0.34 OFFICE - MEDICAL 0.35 0.36 0.37 0.37 0.38 OUTDOOR TENNIS COURT 1.23 1.25 1.29 1.31 1.33 RACE TRACK 0.40 0.40 0.41 0.42 0.43 REGIONAL SHOPPING CENTER 0.27 0.28 0.29 0.29 0.30 RESORT HOTEL 0.34 0.34 0.35 0.36 0.36 RESTAURANT - FAST FOOD 1.29 1.31 1.35 1.37 1.39 RESTAURANT - QUALITY 0.52 0.53 0.55 0.56 0.57 RESTAURANT - SIT DOWN 0.80 0.81 0.84 0.85 0.87 S & L - WALK IN 0.51 0.52 0.54 0.55 0.56 S & L - WITH DRIVE THRU 0.59 0.60 0.62 0.63 0.64 UNIVERSITY 0.32 0.33 0.34 0.34 0.35 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.24 0.25 0.26 0.26 0.26 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.24 0.24 0.25 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 24 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 16 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,458.19 $6,658.44 $6,557.05 $6,647.58 $6,726.40 1.51 - 4.0 DU/ACRE 6,458.19 6,658.44 6,557.05 6,647.58 6,726.40 4.1 - 8.0 DU/ACRE 3,893.44 4,014.17 3,953.04 4,007.61 4,055.14 8.1 - 15.0 DU/ACRE 3,893.44 4,014.17 3,953.04 4,007.61 4,055.14 15.1 - 23.0 DU/ACRE 3,893.44 4,014.17 3,953.04 4,007.61 4,055.14 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.54 $0.56 $0.55 $0.56 $0.56 AUTO - REPAIR & SALES 0.30 0.30 0.30 0.30 0.31 AUTO CAR WASH 0.47 0.49 0.48 0.49 0.49 BANK - WALK IN 0.86 0.89 0.87 0.89 0.90 BANK - WITH DRIVE THRU 1.07 1.10 1.09 1.10 1.11 BOWLING ALLEY 0.53 0.55 0.54 0.55 0.55 CAMPGROUND 0.93 0.96 0.95 0.96 0.97 CHURCH 0.36 0.37 0.37 0.37 0.38 COMMERCIAL SHOPS 0.30 0.30 0.30 0.30 0.31 COMMUNITY SHOPPING CENTER 0.34 0.35 0.34 0.35 0.35 CONVENIENCE MARKET 1.26 1.30 1.28 1.30 1.31 DISCOUNT STORE 0.30 0.30 0.30 0.30 0.31 GOLF COURSE 0.40 0.41 0.41 0.41 0.42 GROCERY STORE 0.48 0.49 0.49 0.49 0.50 HEALTH CLUB 0.35 0.36 0.35 0.36 0.36 HELIPORTS 0.69 0.71 0.70 0.71 0.72 HOSPITAL - CONVALESCENT 0.42 0.43 0.42 0.43 0.43 HOSPITAL - GENERAL 0.60 0.61 0.60 0.61 0.62 HOTEL - CONV. FAC/COMM.0.47 0.49 0.48 0.49 0.49 INDOOR SPORTS ARENA 0.42 0.43 0.42 0.43 0.43 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.28 0.29 0.29 0.29 0.29 JUNIOR COLLEGE 0.36 0.37 0.36 0.37 0.37 LIBRARY 0.54 0.55 0.54 0.55 0.56 LUMBER/HARDWARE STORE 0.30 0.30 0.30 0.30 0.31 MARINA 0.83 0.85 0.84 0.85 0.86 MOTEL 0.39 0.40 0.39 0.40 0.40 NEIGHBORHOOD SHOPPING CENTER 0.42 0.44 0.43 0.44 0.44 OFFICE - COMMERCIAL (< 100,000 SF)0.33 0.34 0.33 0.34 0.34 OFFICE - GOVERNMENT 0.35 0.36 0.36 0.36 0.37 OFFICE - HIGH RISE 0.34 0.35 0.35 0.35 0.36 OFFICE - MEDICAL 0.39 0.40 0.39 0.40 0.40 OUTDOOR TENNIS COURT 1.36 1.40 1.38 1.40 1.41 RACE TRACK 0.44 0.45 0.44 0.45 0.45 REGIONAL SHOPPING CENTER 0.30 0.31 0.31 0.31 0.31 RESORT HOTEL 0.37 0.38 0.38 0.38 0.39 RESTAURANT - FAST FOOD 1.42 1.46 1.44 1.46 1.48 RESTAURANT - QUALITY 0.58 0.60 0.59 0.60 0.60 RESTAURANT - SIT DOWN 0.89 0.91 0.90 0.91 0.92 S & L - WALK IN 0.57 0.58 0.58 0.58 0.59 S & L - WITH DRIVE THRU 0.65 0.67 0.66 0.67 0.68 UNIVERSITY 0.36 0.37 0.36 0.37 0.37 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.27 0.28 0.27 0.28 0.28 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.27 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 25 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 17 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,726.40 $6,867.98 $6,949.42 $7,001.15 $7,148.50 1.51 - 4.0 DU/ACRE 6,726.40 6,867.98 6,949.42 7,001.15 7,148.50 4.1 - 8.0 DU/ACRE 4,055.14 4,140.49 4,189.58 4,220.77 4,309.61 8.1 - 15.0 DU/ACRE 4,055.14 4,140.49 4,189.58 4,220.77 4,309.61 15.1 - 23.0 DU/ACRE 4,055.14 4,140.49 4,189.58 4,220.77 4,309.61 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.56 $0.58 $0.58 $0.59 $0.60 AUTO - REPAIR & SALES 0.31 0.31 0.32 0.32 0.33 AUTO CAR WASH 0.49 0.50 0.51 0.51 0.52 BANK - WALK IN 0.90 0.92 0.93 0.93 0.95 BANK - WITH DRIVE THRU 1.11 1.14 1.15 1.16 1.18 BOWLING ALLEY 0.55 0.56 0.57 0.57 0.59 CAMPGROUND 0.97 0.99 1.00 1.01 1.03 CHURCH 0.38 0.39 0.39 0.39 0.40 COMMERCIAL SHOPS 0.31 0.31 0.32 0.32 0.33 COMMUNITY SHOPPING CENTER 0.35 0.36 0.36 0.37 0.37 CONVENIENCE MARKET 1.31 1.34 1.36 1.37 1.40 DISCOUNT STORE 0.31 0.31 0.32 0.32 0.33 GOLF COURSE 0.42 0.43 0.43 0.43 0.44 GROCERY STORE 0.50 0.51 0.52 0.52 0.53 HEALTH CLUB 0.36 0.37 0.37 0.38 0.38 HELIPORTS 0.72 0.73 0.74 0.74 0.76 HOSPITAL - CONVALESCENT 0.43 0.44 0.45 0.45 0.46 HOSPITAL - GENERAL 0.62 0.63 0.64 0.65 0.66 HOTEL - CONV. FAC/COMM.0.49 0.50 0.51 0.51 0.52 INDOOR SPORTS ARENA 0.43 0.44 0.45 0.45 0.46 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.29 0.30 0.30 0.31 0.31 JUNIOR COLLEGE 0.37 0.38 0.38 0.39 0.39 LIBRARY 0.56 0.57 0.58 0.58 0.59 LUMBER/HARDWARE STORE 0.31 0.31 0.32 0.32 0.33 MARINA 0.86 0.88 0.89 0.89 0.91 MOTEL 0.40 0.41 0.41 0.42 0.43 NEIGHBORHOOD SHOPPING CENTER 0.44 0.45 0.46 0.46 0.47 OFFICE - COMMERCIAL (< 100,000 SF)0.34 0.35 0.35 0.35 0.36 OFFICE - GOVERNMENT 0.37 0.37 0.38 0.38 0.39 OFFICE - HIGH RISE 0.36 0.37 0.37 0.37 0.38 OFFICE - MEDICAL 0.40 0.41 0.42 0.42 0.43 OUTDOOR TENNIS COURT 1.41 1.44 1.46 1.47 1.50 RACE TRACK 0.45 0.46 0.47 0.47 0.48 REGIONAL SHOPPING CENTER 0.31 0.32 0.32 0.33 0.33 RESORT HOTEL 0.39 0.39 0.40 0.40 0.41 RESTAURANT - FAST FOOD 1.48 1.51 1.53 1.54 1.57 RESTAURANT - QUALITY 0.60 0.61 0.62 0.63 0.64 RESTAURANT - SIT DOWN 0.92 0.94 0.95 0.96 0.98 S & L - WALK IN 0.59 0.60 0.61 0.61 0.63 S & L - WITH DRIVE THRU 0.68 0.69 0.70 0.71 0.72 UNIVERSITY 0.37 0.38 0.38 0.39 0.40 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.28 0.29 0.29 0.29 0.30 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.28 0.28 0.29 0.29 0.29 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 26 of 31 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2023-24 SPECIAL DEVELOPMENT TAX ONE-TIME Page 18 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 RESIDENTIAL (PER DWELLING UNIT) (90% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,236.76 $7,290.63 $7,276.02 $7,301.40 $7,740.58 $7,748.31 1.51 - 4.0 DU/ACRE 7,236.76 7,290.63 7,276.02 7,301.40 7,740.58 7,748.31 4.1 - 8.0 DU/ACRE 4,362.81 4,395.29 4,386.48 4,401.78 4,666.55 4,671.21 8.1 - 15.0 DU/ACRE 4,362.81 4,395.29 4,386.48 4,401.78 4,666.55 4,671.21 15.1 - 23.0 DU/ACRE 4,362.81 4,395.29 4,386.48 4,401.78 4,666.55 4,671.21 NON-RESIDENTIAL (PER SQ.FT.) (10% of the Maximum Tax) AUTO - GASOLINE $0.61 $0.61 $0.61 $0.61 $0.65 $0.65 AUTO - REPAIR & SALES 0.33 0.33 0.33 0.33 0.35 0.35 AUTO CAR WASH 0.53 0.53 0.53 0.53 0.57 0.57 BANK - WALK IN 0.96 0.97 0.97 0.97 1.03 1.03 BANK - WITH DRIVE THRU 1.20 1.21 1.21 1.21 1.28 1.28 BOWLING ALLEY 0.59 0.60 0.60 0.60 0.63 0.64 CAMPGROUND 1.05 1.05 1.05 1.06 1.12 1.12 CHURCH 0.41 0.41 0.41 0.41 0.44 0.44 COMMERCIAL SHOPS 0.33 0.33 0.33 0.33 0.35 0.35 COMMUNITY SHOPPING CENTER 0.38 0.38 0.38 0.38 0.40 0.40 CONVENIENCE MARKET 1.41 1.42 1.42 1.43 1.51 1.51 DISCOUNT STORE 0.33 0.33 0.33 0.33 0.35 0.35 GOLF COURSE 0.45 0.45 0.45 0.45 0.48 0.48 GROCERY STORE 0.54 0.54 0.54 0.54 0.57 0.57 HEALTH CLUB 0.39 0.39 0.39 0.39 0.41 0.42 HELIPORTS 0.77 0.78 0.77 0.78 0.82 0.82 HOSPITAL - CONVALESCENT 0.47 0.47 0.47 0.47 0.50 0.50 HOSPITAL - GENERAL 0.67 0.67 0.67 0.67 0.71 0.71 HOTEL - CONV. FAC/COMM.0.53 0.53 0.53 0.53 0.57 0.57 INDOOR SPORTS ARENA 0.47 0.47 0.47 0.47 0.50 0.50 INDUSTRIAL - COMMERCIAL BUSINESS PARK 0.32 0.32 0.32 0.32 0.34 0.34 JUNIOR COLLEGE 0.40 0.40 0.40 0.40 0.43 0.43 LIBRARY 0.60 0.60 0.60 0.61 0.64 0.64 LUMBER/HARDWARE STORE 0.33 0.33 0.33 0.33 0.35 0.35 MARINA 0.92 0.93 0.93 0.93 0.99 0.99 MOTEL 0.43 0.44 0.43 0.44 0.46 0.46 NEIGHBORHOOD SHOPPING CENTER 0.48 0.48 0.48 0.48 0.51 0.51 OFFICE - COMMERCIAL (< 100,000 SF)0.37 0.37 0.37 0.37 0.39 0.39 OFFICE - GOVERNMENT 0.39 0.40 0.40 0.40 0.42 0.42 OFFICE - HIGH RISE 0.39 0.39 0.39 0.39 0.41 0.41 OFFICE - MEDICAL 0.43 0.44 0.44 0.44 0.46 0.46 OUTDOOR TENNIS COURT 1.52 1.53 1.53 1.54 1.63 1.63 RACE TRACK 0.49 0.49 0.49 0.49 0.52 0.52 REGIONAL SHOPPING CENTER 0.34 0.34 0.34 0.34 0.36 0.36 RESORT HOTEL 0.42 0.42 0.42 0.42 0.44 0.44 RESTAURANT - FAST FOOD 1.59 1.60 1.60 1.60 1.70 1.70 RESTAURANT - QUALITY 0.65 0.65 0.65 0.65 0.69 0.69 RESTAURANT - SIT DOWN 0.99 1.00 1.00 1.00 1.06 1.06 S & L - WALK IN 0.64 0.64 0.64 0.64 0.68 0.68 S & L - WITH DRIVE THRU 0.73 0.74 0.73 0.74 0.78 0.78 UNIVERSITY 0.40 0.40 0.40 0.40 0.43 0.43 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 0.30 0.30 0.30 0.30 0.32 0.32 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 0.30 0.30 0.30 0.30 0.32 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 0.20% ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 11, 2023 Item #4 Page 27 of 31 Co m m u n i t y F a c i l i t i e s D i s t r i c t N o . 1 Pr o j e c t S c h e d u l e Ju l y 1 , 2 0 2 3 Ca r r y f o r w a r d Ye a r 1 Ye a r 5 Ye a r 6 Ye a r 1 1 To t a l P r o j e c t Bu d g e t To t a l E x p e n d i t u r e s to D a t e Un e x p e n d e d Bu d g e t 20 2 2 - 2 3 Bu d g e t e d 20 2 3 - 2 4 Bu d g e t e d 20 2 7 - 2 8 Bu d g e t e d 20 2 8 - 2 9 Bu d g e t e d 20 3 3 - 3 4 To t a l F u t u r e Ex p e n d i t u r e s Cu r r e n t a n d F u t u r e P r o j e c t s : Ci v i c C e n t e r 51 , 0 2 8 , 1 0 5 29 8 , 5 9 7 $ 72 9 , 5 0 8 $ - $ 1, 5 0 0 , 0 0 0 $ 48 , 5 0 0 , 0 0 0 $ - $ 50 , 7 2 9 , 5 0 8 $ Ci v i c C e n t e r ( F a r m e r ' s B l d g P u r c h a s e ) 15 , 7 3 3 , 1 7 2 15 , 7 3 3 , 1 7 2 - - - - - - Co l e L i b r a r y E x p a n s i o n 5, 9 8 8 , 0 0 0 - - - 50 0 , 0 0 0 - 5, 4 8 8 , 0 0 0 5, 9 8 8 , 0 0 0 Or i o n C e n t e r ( P u b l i c W o r k s C e n t e r ) 32 , 7 7 7 , 7 2 7 2, 3 2 5 , 7 8 3 30 , 4 5 1 , 9 4 4 - - - - 30 , 4 5 1 , 9 4 4 Or i o n C e n t e r ( C a m . V i d a R o b l e B l d g P u r c h a s e ) 2, 4 8 0 , 0 0 0 2, 4 8 0 , 0 0 0 - - - - - - Ve t e r a n ' s M e m o r i a l P a r k 41 , 7 1 1 , 4 5 1 1, 7 8 0 , 9 5 7 2, 5 8 8 , 4 9 4 37 , 3 4 2 , 0 0 0 - - - 39 , 9 3 0 , 4 9 4 Co m p l e t e d P r o j e c t s : Ca n n o n R o a d @ I - 5 42 2 , 8 4 0 42 2 , 8 4 0 - Ca n n o n R o a d W e s t 6, 5 2 8 , 5 4 6 6, 5 2 8 , 5 4 6 - Fa r a d a y A v e n u e 5, 4 2 3 , 3 9 4 5, 4 2 3 , 3 9 4 - La C o s t a A v e n u e 6, 2 0 0 , 0 9 5 6, 2 0 0 , 0 9 5 - La C o s t a I n t e r c h a n g e 7, 3 2 9 , 5 1 6 7, 3 2 9 , 5 1 6 - Li b r a r y ( L e a r n i n g C e n t e r ) 4, 5 0 1 , 7 1 7 4, 5 0 1 , 7 1 7 - Li b r a r y ( S . C a r l s b a d ) 14 , 4 4 3 , 7 1 7 14 , 4 4 3 , 7 1 7 - Ol i v e n h a i n / R a n c h o S a n t a F e R o a d 5, 7 0 0 , 0 0 0 5, 7 0 0 , 0 0 0 - Pa l o m a r A i r p o r t R o a d I n t e r c h a n g e 2, 6 6 7 , 4 9 6 2, 6 6 7 , 4 9 6 - Po i n s e t t i a I n t e r c h a n g e 6, 4 6 9 , 4 5 7 6, 4 6 9 , 4 5 7 - 20 9 , 4 0 5 , 2 3 3 $ 82 , 3 0 5 , 2 8 7 $ 33 , 7 6 9 , 9 4 6 $ 37 , 3 4 2 , 0 0 0 $ 2, 0 0 0 , 0 0 0 $ 48 , 5 0 0 , 0 0 0 $ 5, 4 8 8 , 0 0 0 $ 12 7 , 0 9 9 , 9 4 6 $ Fu t u r e E x p e n d i t u r e s Exhibit 2 July 11, 2023 Item #4 Page 28 of 31 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% 2023 0%90%0%10%7.5% 2024 0%90%0%10%7.5% Non-ResidentialResidential History of Tax Rates Community Facilities District No. 1 Exhibit 3 July 11, 2023 Item #4 Page 29 of 31 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 July 11, 2023 Item #4 Page 30 of 31 C cityof Carlsbad Page 2 of 2 Annexations as of October 1, 2019 LFMZ: Annexation Number: 13 Carlsbad Ranch, Annexation No.1 (FY93/94) 21 Poinsettia Hill, Annexation No. 94/95-01 21 La Terrazza, Annexation No. 94/95-02 18 Carrillo Ranch, Annexation No. 94/95-03 13 SDG&E Property, Annexation No. 95/96-01 22 NCDCT Property, Annexation No. 95/96-02 23 Green Valley, Annexation No. 95/96-03 18 Carrillo Ranch Villages K, E & J, Annexation No. 96/97-01 18 Carrillo Ranch Villages A, B, C, D & H, Annexation No. 97/98-01 11 Colina Roble, Annexation No. 98/99-01 5 Lincoln Northpointe, Annexation No. 98/99-02 21 Lohf Subdivision, Annexation No. 98/99-03 21 Steiner Property, Annexation No. 99/00-01 20 Hadley & Carnation Properties, Annexation No. 99/00-02 20 Tabata Property, Annexation No. 00/01-01 10 La Costa Greens, Annexation No. 01/02-01 17 Bressi Ranch, Annexation No. 02/03-01 18 Palomar Forum, Annexation No. 02/03-02 18 Carlsbad Raceway, Annexation No. 02/03-03 20 Lynn Property, Annexation No. 02/03-04 21 Manzanita Apartments, Annexation No. 03/04-01 16 Carlsbad Oaks North, Annexation No. 03/04-02 20 Tabata (Black Rail Rd.), Annexation No. 05/06-01 10 Cassia Heights (Affirmed Housing), Annexation No. 05/06-02 10 Cassia Professional Offices, Annexation No. 05/06-03 21 La Costa Village Center Townhomes, Annexation No. 06/07-01 22 Hilton Carlsbad Beach Resort & Spa, Annexation No. 09/10-01 20 Poinsettia Place, Annexation No. 09/10-02 20 Muroya Subdivision, Annexation No. 11/12-01 25 Quarry Creek, Annexation No. 12/13-01 20 Golden Surf, Annexation No. 14/15-01 21 Poinsettia 61, Annexation No. 19/20-01 22 Summit Senior, Annexation No. 19/20-02 July 11, 2023 Item #4 Page 31 of 31