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Home My WebLink About2024-07-16; City Council; ; Establish Fiscal Year 2024-25 Special Taxes for Community Facilities District No. 1CA Review AZ Meeting Date: July 16, 2024 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 2024-25 Special Taxes for Community Facilities District No. 1 Districts: All Recommended Action Adopt a resolution establishing the fiscal year 2024-25 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 City Hall, Orion Public Works 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 2024-25 for property within District No. 1, which reflect an increase of 5.50%, and approve the proposed actual special tax rates of 95% of the maximum for residential development and 50% of the maximum for nonresidential development. Explanation & Analysis 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 16, 2024 Item #3 Page 1 of 32 However, 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 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 is planned to fund the capital projects at the following sites: Civic facilities • Veteran’s Memorial Park • Orion Center (Public Works Center) • City Hall & Cole Library Complex • 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 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 July 16, 2024 Item #3 Page 2 of 32 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 2024-25 are presented in Attachment A to Exhibit 1. The April 2024 Engineering News-Record index reflects an annual percentage change in the construction cost of 11.00%. The maximum special tax rates for property within the district reflect an increase of 5.50%, which is one-half of the Engineering News-Record index. Tax on vacant properties It is anticipated that 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. It is anticipated that 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 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 16, 2024 Item #3 Page 3 of 32 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, staff recommend the percent of the maximum one- time special tax levied at the time a residential building permit is issued to be established at 95% of the maximum special tax for FY 2024-25. The rate for FY 2023-24 was set at 90% of the maximum 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. 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 2023-24 rate, $6,035 to $8,995 per dwelling unit • At 95% of the maximum rate for 2024-25, $6,720 to $10,539 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, staff recommend the percent of the maximum one- time special tax levied at the time a non-residential building permit is issued to be established at 50% of the maximum special tax for FY 2024-25. This is now set at 10% 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 2024-25 special tax rate for developed property is 9.0% of each property's one-time payoff special tax. This rate was previously set at 7.5% for FY 2023-24. Project cost estimates Both of these proposed rate increases, on residential and non-residential properties, are driven by current estimated future cash flows and the costs of projects to be funded by the district. The exact scope of projects and their cost estimates will become more accurate with the commencement or relatively near commencement of construction of Veteran’s Memorial Park, the Orion Public Works Center and the City Hall and Cole Library complex. Together, these projects represent costs of approximately $217.4 million. While there is significant existing July 16, 2024 Item #3 Page 4 of 32 funding for these projects, there is still a projected future shortfall. The proposed and potential future rate increases will help mitigate this projected funding gap. 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: 0% 20% 40% 60% 80% 100%residential non-residential Residential property Non-residential property Current FY 2023-24 Proposed FY 2024-25 Current FY 2023-24 Proposed FY 2024-25 Vacant land tax None None None None One-time tax 90% of max 95% of max 10% of max 50% of max Developed annual tax n/a n/a 7.5% 9.0% July 16, 2024 Item #3 Page 5 of 32 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 2000-01, 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 in FY 2011- 12. • That non-residential 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 $525,000 for fiscal year 2024-25. The revenue generated from a one-time special tax for non-residential property, based on growth projections, is estimated to be $6,000 for fiscal year 2024-25. An additional $542,000 is anticipated to be collected for fiscal year 2024-25 from the special taxes on non-residential property. Staff recommend that the City Council adopt a resolution to approve: • The proposed maximum special tax rates for FY 2024-25 for property within Community Facilities District No. 1 • The proposed actual special tax rates of 95% of the maximum for residential development • A rate of 50% of the maximum for the one-time tax on nonresidential development • A rate of 9.0% of the maximum 13.81% for the annual tax on nonresidential development 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), the Orion Public Works Center (future) and the City Hall and Cole Library Complex (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 2024-25 in accordance with the City Council’s direction. July 16, 2024 Item #3 Page 6 of 32 Environmental Evaluation This action to implement a new special tax rate does not constitute a project within the meaning of the California Environmental Quality Act under Public Resources Code section 21065 in that it has no potential to cause either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. The direction provided by the City Council does not have a legally binding effect on future discretionary actions to approve the aforementioned capital improvement projects. Public input received and technical information prepared will be used during the planning and environmental evaluation process. Exhibits 1. City Council resolution 2. Community Facilities District No. 1 Project Schedule as of July 1, 2024 3. History of tax rates for Community Facilities District No. 1 4. Boundary map of Community Facilities District No. 1 July 16, 2024 Item #3 Page 7 of 32 RESOLUTION NO. 2024-168 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE FISCAL YEAR 2024-25 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 2024-25; and WHEREAS, this action to implement a new special tax rate does not constitute a project within the meaning of the California Environmental Quality Act under Public Resources Code section 21065 in that it has no potential to cause either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment. The direction provided by City Council does not have a legally binding effect on future discretionary actions to approve the aforementioned capital improvement projects. Public input received and technical information prepared will be used during the planning and environmental evaluation process. 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 2024-25 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 Exhibit 1 July 16,2024 Item #3 Page 8 of 32 July 16,2024 Item #3 Page 9 of 32 following, in the following order of priority: a. Payment of principal and interest on any outstanding authorized bonded indebtedness; b. Necessa ry 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. 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 t axes, 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 insta llment 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 inst allments, 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. July 16,2024 Item #3 Page 10 of 32 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 16th day of J..!!!y, 2024, by the following vote, to wit: AYES: NAYS: ABSTAIN: ABSENT: BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER. NONE. NONE. LUNA. \ KEITH BLACKBURN, Mayor SHERRY FREISINGER, City Clerk (SEAL) Attachment A 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 $446 $462 $468 $468 $468 $471 RLM 1,227 1,271 1,284 1,284 1,286 1,293 RM 2,056 2,130 2,153 2,153 2,155 2,168 RMH 3,153 3,265 3,301 3,301 3,304 3,324 RH 4,438 4,597 4,647 4,647 4,651 4,679 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,814 $3,950 $3,993 $3,993 $3,997 $4,021 INDUSTRIAL 1,907 1,975 1,996 1,996 1,998 2,010 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 $440 $456 $461 $461 $461 $464 RLM 1,208 1,251 1,264 1,264 1,266 1,273 RM 1,934 2,003 2,025 2,025 2,027 2,039 RMH 2,968 3,074 3,108 3,108 3,111 3,129 RH 4,352 4,508 4,557 4,557 4,561 4,589 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,542 $2,633 $2,662 $2,662 $2,665 $2,680 INDUSTRIAL 1,525 1,580 1,597 1,597 1,599 1,608 2024-25 MAXIMUM PERCENTAGE 2024-25 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. TAX RATES FOR FISCAL YEAR 2024-25 ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX 13.81% CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. 9.00% FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 11 of 32 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 $474 $479 $487 $494 $499 $503 RLM 1,301 1,316 1,337 1,357 1,370 1,383 RM 2,181 2,206 2,241 2,274 2,297 2,318 RMH 3,344 3,382 3,437 3,487 3,522 3,553 RH 4,707 4,761 4,838 4,909 4,958 5,002 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,045 $4,091 $4,157 $4,219 $4,260 $4,298 INDUSTRIAL 2,022 2,045 2,079 2,109 2,130 2,149 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 $467 $472 $480 $487 $492 $496 RLM 1,281 1,295 1,316 1,336 1,349 1,361 RM 2,051 2,074 2,108 2,139 2,160 2,180 RMH 3,148 3,184 3,236 3,283 3,316 3,346 RH 4,616 4,669 4,744 4,814 4,862 4,905 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,696 $2,727 $2,771 $2,812 $2,840 $2,866 INDUSTRIAL 1,618 1,636 1,663 1,687 1,704 1,719 CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 12 of 32 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 $510 $526 $535 $545 $555 $572 RLM 1,402 1,445 1,470 1,497 1,524 1,571 RM 2,351 2,422 2,464 2,509 2,554 2,634 RMH 3,604 3,714 3,778 3,847 3,916 4,038 RH 5,074 5,229 5,319 5,415 5,513 5,684 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,360 $4,493 $4,570 $4,653 $4,738 $4,885 INDUSTRIAL 2,180 2,246 2,285 2,327 2,369 2,442 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 $503 $519 $527 $537 $547 $564 RLM 1,381 1,423 1,447 1,474 1,500 1,547 RM 2,211 2,278 2,317 2,360 2,402 2,477 RMH 3,393 3,497 3,557 3,622 3,688 3,802 RH 4,976 5,128 5,216 5,310 5,407 5,575 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $2,906 $2,995 $3,047 $3,102 $3,158 $3,256 INDUSTRIAL 1,744 1,797 1,828 1,861 1,895 1,954 CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 13 of 32 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 $563 $571 $578 $578 $590 $597 RLM 1,547 1,569 1,587 1,587 1,621 1,640 RM 2,594 2,629 2,660 2,660 2,716 2,749 RMH 3,976 4,031 4,079 4,079 4,165 4,214 RH 5,598 5,675 5,742 5,742 5,863 5,933 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $4,810 $4,877 $4,934 $4,934 $5,038 $5,098 INDUSTRIAL 2,405 2,438 2,467 2,467 2,519 2,549 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 $555 $563 $570 $570 $582 $588 RLM 1,523 1,544 1,563 1,563 1,595 1,614 RM 2,439 2,473 2,502 2,502 2,555 2,585 RMH 3,744 3,796 3,841 3,841 3,921 3,968 RH 5,490 5,565 5,631 5,631 5,750 5,818 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,207 $3,251 $3,290 $3,290 $3,359 $3,399 INDUSTRIAL 1,924 1,951 1,974 1,974 2,015 2,039 CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 14 of 32 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 $601 $614 $622 $626 $625 $627 RLM 1,652 1,687 1,708 1,720 1,717 1,723 RM 2,769 2,827 2,862 2,884 2,878 2,888 RMH 4,246 4,335 4,389 4,421 4,412 4,428 RH 5,977 6,103 6,178 6,224 6,212 6,233 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $5,136 $5,244 $5,309 $5,348 $5,338 $5,356 INDUSTRIAL 2,568 2,622 2,654 2,674 2,669 2,678 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 $593 $605 $613 $617 $616 $618 RLM 1,626 1,661 1,681 1,694 1,690 1,696 RM 2,604 2,659 2,692 2,712 2,707 2,716 RMH 3,998 4,082 4,132 4,163 4,154 4,169 RH 5,861 5,985 6,059 6,104 6,092 6,113 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,424 $3,496 $3,539 $3,566 $3,558 $3,571 INDUSTRIAL 2,054 2,098 2,124 2,139 2,135 2,143 CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 15 of 32 PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2022-23 FY 2023-24 FY 2024-25 RESIDENTIAL (PER ACRE) RL $665 $666 $700 RLM 1,827 1,828 1,924 RM 3,062 3,065 3,224 RMH 4,694 4,699 4,944 RH 6,608 6,615 6,960 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $5,678 $5,684 $5,980 INDUSTRIAL 2,839 2,842 2,990 PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2022-23 FY 2023-24 FY 2024-25 RESIDENTIAL (PER ACRE) RL $655 $656 $690 RLM 1,798 1,800 1,894 RM 2,879 2,882 3,033 RMH 4,420 4,424 4,655 RH 6,481 6,487 6,825 NON-RESIDENTIAL (PER ACRE) COMMERCIAL $3,786 $3,789 $3,987 INDUSTRIAL 2,271 2,274 2,392 NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2024-25 ARE HEREIN ESTABLISHED AT $0 PER ACRE. CITY OF CARLSBAD COMMUNITY FACILITES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 MAXIMUM UNDEVELOPED PROPERTY TAX FORMATION OR ANNEXATION DATE FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 16 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,720.37 $6,960.78 $7,036.51 $7,036.51 $7,043.54 $7,085.55 1.51 - 4.0 DU/ACRE 6,720.37 6,960.78 7,036.51 7,036.51 7,043.54 7,085.55 4.1 - 8.0 DU/ACRE 4,241.75 4,393.48 4,441.29 4,441.29 4,445.72 4,472.24 8.1 - 15.0 DU/ACRE 4,241.75 4,393.48 4,441.29 4,441.29 4,445.72 4,472.24 15.1 - 23.0 DU/ACRE 4,241.75 4,393.48 4,441.29 4,441.29 4,445.72 4,472.24 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $6.44 $6.67 $6.75 $6.75 $6.75 $6.79 AUTO - REPAIR & SALES 2.71 2.81 2.84 2.84 2.84 2.86 AUTO CAR WASH 5.01 5.19 5.25 5.25 5.25 5.29 BANK - WALK IN 10.19 10.56 10.67 10.67 10.68 10.75 BANK - WITH DRIVE THRU 14.35 14.86 15.02 15.02 15.04 15.13 BOWLING ALLEY 5.27 5.46 5.52 5.52 5.52 5.55 CAMPGROUND 13.91 14.41 14.57 14.57 14.58 14.67 CHURCH 2.38 2.46 2.49 2.49 2.49 2.50 COMMERCIAL SHOPS 2.30 2.39 2.41 2.41 2.41 2.43 COMMUNITY SHOPPING CENTER 3.37 3.49 3.53 3.53 3.53 3.55 CONVENIENCE MARKET 21.70 22.47 22.72 22.72 22.74 22.88 DISCOUNT STORE 2.56 2.65 2.68 2.68 2.68 2.70 GOLF COURSE 2.43 2.52 2.55 2.55 2.55 2.56 GROCERY STORE 6.18 6.40 6.47 6.47 6.48 6.52 HEALTH CLUB 2.30 2.38 2.40 2.40 2.41 2.42 HELIPORTS 8.45 8.75 8.84 8.84 8.85 8.90 HOSPITAL - CONVALESCENT 1.85 1.92 1.94 1.94 1.94 1.95 HOSPITAL - GENERAL 3.08 3.19 3.23 3.23 3.23 3.25 HOTEL - CONV. FAC/COMM.2.76 2.86 2.89 2.89 2.89 2.91 INDOOR SPORTS ARENA 1.85 1.92 1.94 1.94 1.94 1.95 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.70 1.76 1.78 1.78 1.78 1.79 JUNIOR COLLEGE 1.74 1.80 1.82 1.82 1.82 1.83 LIBRARY 3.38 3.51 3.54 3.54 3.55 3.57 LUMBER/HARDWARE STORE 1.96 2.03 2.05 2.05 2.06 2.07 MARINA 11.80 12.22 12.35 12.35 12.37 12.44 MOTEL 2.14 2.21 2.24 2.24 2.24 2.25 NEIGHBORHOOD SHOPPING CENTER 5.13 5.32 5.37 5.37 5.38 5.41 OFFICE - COMMERCIAL (< 100,000 SF)2.03 2.11 2.13 2.13 2.13 2.14 OFFICE - GOVERNMENT 2.33 2.41 2.44 2.44 2.44 2.45 OFFICE - HIGH RISE 2.12 2.20 2.22 2.22 2.22 2.24 OFFICE - MEDICAL 1.92 1.99 2.01 2.01 2.02 2.03 OUTDOOR TENNIS COURT 22.36 23.16 23.41 23.41 23.43 23.57 RACE TRACK 4.05 4.20 4.24 4.24 4.25 4.27 REGIONAL SHOPPING CENTER 2.66 2.76 2.79 2.79 2.79 2.81 RESORT HOTEL 1.83 1.89 1.91 1.91 1.92 1.93 RESTAURANT - FAST FOOD 22.61 23.42 23.67 23.67 23.70 23.84 RESTAURANT - QUALITY 5.22 5.41 5.47 5.47 5.47 5.50 RESTAURANT - SIT DOWN 12.05 12.48 12.62 12.62 12.63 12.71 S & L - WALK IN 4.38 4.53 4.58 4.58 4.59 4.62 S & L - WITH DRIVE THRU 6.03 6.25 6.31 6.31 6.32 6.36 UNIVERSITY 1.80 1.86 1.88 1.88 1.88 1.89 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.70 1.76 1.78 1.78 1.78 1.79 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.38 1.43 1.45 1.45 1.45 1.46 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 17 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,127.81 $7,208.85 $7,325.86 $7,434.13 $7,507.73 $7,574.70 1.51 - 4.0 DU/ACRE 7,127.81 7,208.85 7,325.86 7,434.13 7,507.73 7,574.70 4.1 - 8.0 DU/ACRE 4,498.91 4,550.06 4,623.92 4,692.25 4,738.71 4,780.98 8.1 - 15.0 DU/ACRE 4,498.91 4,550.06 4,623.92 4,692.25 4,738.71 4,780.98 15.1 - 23.0 DU/ACRE 4,498.91 4,550.06 4,623.92 4,692.25 4,738.71 4,780.98 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $6.83 $6.91 $7.02 $7.13 $7.20 $7.26 AUTO - REPAIR & SALES 2.87 2.91 2.95 3.00 3.03 3.05 AUTO CAR WASH 5.32 5.38 5.46 5.55 5.60 5.65 BANK - WALK IN 10.81 10.93 11.11 11.28 11.39 11.49 BANK - WITH DRIVE THRU 15.22 15.39 15.64 15.87 16.03 16.17 BOWLING ALLEY 5.59 5.65 5.74 5.83 5.88 5.94 CAMPGROUND 14.75 14.92 15.16 15.39 15.54 15.68 CHURCH 2.52 2.55 2.59 2.63 2.65 2.68 COMMERCIAL SHOPS 2.44 2.47 2.51 2.55 2.57 2.60 COMMUNITY SHOPPING CENTER 3.57 3.61 3.67 3.73 3.76 3.80 CONVENIENCE MARKET 23.01 23.27 23.65 24.00 24.24 24.46 DISCOUNT STORE 2.71 2.74 2.79 2.83 2.86 2.88 GOLF COURSE 2.58 2.61 2.65 2.69 2.72 2.74 GROCERY STORE 6.56 6.63 6.74 6.84 6.91 6.97 HEALTH CLUB 2.44 2.46 2.50 2.54 2.57 2.59 HELIPORTS 8.96 9.06 9.21 9.34 9.43 9.52 HOSPITAL - CONVALESCENT 1.96 1.99 2.02 2.05 2.07 2.09 HOSPITAL - GENERAL 3.27 3.31 3.36 3.41 3.44 3.47 HOTEL - CONV. FAC/COMM.2.92 2.96 3.01 3.05 3.08 3.11 INDOOR SPORTS ARENA 1.96 1.99 2.02 2.05 2.07 2.09 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.80 1.82 1.85 1.88 1.90 1.92 JUNIOR COLLEGE 1.85 1.87 1.90 1.92 1.94 1.96 LIBRARY 3.59 3.63 3.69 3.74 3.78 3.81 LUMBER/HARDWARE STORE 2.08 2.11 2.14 2.17 2.19 2.21 MARINA 12.51 12.66 12.86 13.05 13.18 13.30 MOTEL 2.27 2.29 2.33 2.36 2.39 2.41 NEIGHBORHOOD SHOPPING CENTER 5.44 5.51 5.59 5.68 5.73 5.78 OFFICE - COMMERCIAL (< 100,000 SF)2.16 2.18 2.22 2.25 2.27 2.29 OFFICE - GOVERNMENT 2.47 2.50 2.54 2.58 2.60 2.62 OFFICE - HIGH RISE 2.25 2.28 2.31 2.35 2.37 2.39 OFFICE - MEDICAL 2.04 2.06 2.10 2.13 2.15 2.17 OUTDOOR TENNIS COURT 23.71 23.98 24.37 24.73 24.98 25.20 RACE TRACK 4.30 4.35 4.42 4.48 4.53 4.57 REGIONAL SHOPPING CENTER 2.82 2.85 2.90 2.94 2.97 3.00 RESORT HOTEL 1.94 1.96 1.99 2.02 2.04 2.06 RESTAURANT - FAST FOOD 23.98 24.25 24.65 25.01 25.26 25.49 RESTAURANT - QUALITY 5.54 5.60 5.69 5.77 5.83 5.88 RESTAURANT - SIT DOWN 12.78 12.93 13.14 13.33 13.46 13.58 S & L - WALK IN 4.64 4.70 4.77 4.84 4.89 4.93 S & L - WITH DRIVE THRU 6.40 6.47 6.57 6.67 6.74 6.80 UNIVERSITY 1.90 1.93 1.96 1.99 2.01 2.02 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.80 1.82 1.85 1.88 1.90 1.92 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.47 1.48 1.51 1.53 1.54 1.56 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 18 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,682.96 $7,917.59 $8,053.76 $8,200.05 $8,349.00 $8,607.88 1.51 - 4.0 DU/ACRE 7,682.96 7,917.59 8,053.76 8,200.05 8,349.00 8,607.88 4.1 - 8.0 DU/ACRE 4,849.31 4,997.40 5,083.35 5,175.68 5,269.69 5,433.10 8.1 - 15.0 DU/ACRE 4,849.31 4,997.40 5,083.35 5,175.68 5,269.69 5,433.10 15.1 - 23.0 DU/ACRE 4,849.31 4,997.40 5,083.35 5,175.68 5,269.69 5,433.10 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $7.37 $7.59 $7.72 $7.86 $8.00 $8.25 AUTO - REPAIR & SALES 3.10 3.19 3.25 3.31 3.37 3.47 AUTO CAR WASH 5.73 5.91 6.01 6.12 6.23 6.42 BANK - WALK IN 11.65 12.01 12.22 12.44 12.66 13.06 BANK - WITH DRIVE THRU 16.40 16.90 17.20 17.51 17.83 18.38 BOWLING ALLEY 6.02 6.21 6.31 6.43 6.54 6.75 CAMPGROUND 15.90 16.39 16.67 16.97 17.28 17.82 CHURCH 2.72 2.80 2.85 2.90 2.95 3.04 COMMERCIAL SHOPS 2.63 2.71 2.76 2.81 2.86 2.95 COMMUNITY SHOPPING CENTER 3.85 3.97 4.04 4.11 4.18 4.31 CONVENIENCE MARKET 24.81 25.56 26.00 26.47 26.96 27.79 DISCOUNT STORE 2.92 3.01 3.07 3.12 3.18 3.28 GOLF COURSE 2.78 2.86 2.91 2.97 3.02 3.11 GROCERY STORE 7.07 7.28 7.41 7.54 7.68 7.92 HEALTH CLUB 2.62 2.71 2.75 2.80 2.85 2.94 HELIPORTS 9.66 9.95 10.12 10.30 10.49 10.82 HOSPITAL - CONVALESCENT 2.12 2.18 2.22 2.26 2.30 2.37 HOSPITAL - GENERAL 3.52 3.63 3.69 3.76 3.83 3.95 HOTEL - CONV. FAC/COMM.3.15 3.25 3.30 3.36 3.42 3.53 INDOOR SPORTS ARENA 2.12 2.18 2.22 2.26 2.30 2.37 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.94 2.00 2.04 2.07 2.11 2.18 JUNIOR COLLEGE 1.99 2.05 2.09 2.12 2.16 2.23 LIBRARY 3.87 3.99 4.06 4.13 4.20 4.34 LUMBER/HARDWARE STORE 2.24 2.31 2.35 2.39 2.44 2.51 MARINA 13.49 13.90 14.14 14.40 14.66 15.11 MOTEL 2.44 2.52 2.56 2.61 2.66 2.74 NEIGHBORHOOD SHOPPING CENTER 5.87 6.05 6.15 6.26 6.38 6.57 OFFICE - COMMERCIAL (< 100,000 SF)2.33 2.40 2.44 2.48 2.53 2.61 OFFICE - GOVERNMENT 2.66 2.74 2.79 2.84 2.89 2.98 OFFICE - HIGH RISE 2.43 2.50 2.54 2.59 2.64 2.72 OFFICE - MEDICAL 2.20 2.27 2.30 2.35 2.39 2.46 OUTDOOR TENNIS COURT 25.56 26.34 26.79 27.28 27.77 28.64 RACE TRACK 4.63 4.77 4.86 4.94 5.03 5.19 REGIONAL SHOPPING CENTER 3.04 3.14 3.19 3.25 3.31 3.41 RESORT HOTEL 2.09 2.15 2.19 2.23 2.27 2.34 RESTAURANT - FAST FOOD 25.85 26.64 27.10 27.59 28.09 28.96 RESTAURANT - QUALITY 5.97 6.15 6.26 6.37 6.48 6.69 RESTAURANT - SIT DOWN 13.78 14.20 14.44 14.71 14.97 15.44 S & L - WALK IN 5.00 5.16 5.25 5.34 5.44 5.61 S & L - WITH DRIVE THRU 6.89 7.10 7.23 7.36 7.49 7.72 UNIVERSITY 2.05 2.12 2.15 2.19 2.23 2.30 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.94 2.00 2.04 2.07 2.11 2.18 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.58 1.63 1.66 1.69 1.72 1.77 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 19 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $8,476.79 $8,593.83 $8,695.73 $8,695.73 $8,878.76 $8,984.04 1.51 - 4.0 DU/ACRE 8,476.79 8,593.83 8,695.73 8,695.73 8,878.76 8,984.04 4.1 - 8.0 DU/ACRE 5,350.36 5,424.23 5,488.55 5,488.55 5,604.07 5,670.52 8.1 - 15.0 DU/ACRE 5,350.36 5,424.23 5,488.55 5,488.55 5,604.07 5,670.52 15.1 - 23.0 DU/ACRE 5,350.36 5,424.23 5,488.55 5,488.55 5,604.07 5,670.52 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $8.13 $8.24 $8.34 $8.34 $8.51 $8.61 AUTO - REPAIR & SALES 3.42 3.46 3.51 3.51 3.58 3.62 AUTO CAR WASH 6.32 6.41 6.49 6.49 6.62 6.70 BANK - WALK IN 12.86 13.03 13.19 13.19 13.47 13.63 BANK - WITH DRIVE THRU 18.10 18.35 18.57 18.57 18.96 19.18 BOWLING ALLEY 6.64 6.74 6.82 6.82 6.96 7.04 CAMPGROUND 17.55 17.79 18.00 18.00 18.38 18.60 CHURCH 3.00 3.04 3.07 3.07 3.14 3.18 COMMERCIAL SHOPS 2.91 2.95 2.98 2.98 3.04 3.08 COMMUNITY SHOPPING CENTER 4.25 4.31 4.36 4.36 4.45 4.50 CONVENIENCE MARKET 27.37 27.75 28.07 28.07 28.67 29.01 DISCOUNT STORE 3.23 3.27 3.31 3.31 3.38 3.42 GOLF COURSE 3.07 3.11 3.15 3.15 3.21 3.25 GROCERY STORE 7.80 7.90 8.00 8.00 8.17 8.26 HEALTH CLUB 2.90 2.94 2.97 2.97 3.03 3.07 HELIPORTS 10.65 10.80 10.93 10.93 11.16 11.29 HOSPITAL - CONVALESCENT 2.33 2.37 2.40 2.40 2.45 2.47 HOSPITAL - GENERAL 3.89 3.94 3.99 3.99 4.07 4.12 HOTEL - CONV. FAC/COMM.3.48 3.53 3.57 3.57 3.64 3.69 INDOOR SPORTS ARENA 2.33 2.37 2.40 2.40 2.45 2.47 INDUSTRIAL - COMMERCIAL BUSINESS PARK 2.14 2.17 2.20 2.20 2.25 2.27 JUNIOR COLLEGE 2.19 2.22 2.25 2.25 2.30 2.33 LIBRARY 4.27 4.33 4.38 4.38 4.47 4.52 LUMBER/HARDWARE STORE 2.48 2.51 2.54 2.54 2.59 2.62 MARINA 14.88 15.09 15.27 15.27 15.59 15.77 MOTEL 2.70 2.73 2.77 2.77 2.82 2.86 NEIGHBORHOOD SHOPPING CENTER 6.47 6.56 6.64 6.64 6.78 6.86 OFFICE - COMMERCIAL (< 100,000 SF)2.57 2.60 2.63 2.63 2.69 2.72 OFFICE - GOVERNMENT 2.94 2.98 3.01 3.01 3.08 3.11 OFFICE - HIGH RISE 2.68 2.71 2.74 2.74 2.80 2.84 OFFICE - MEDICAL 2.43 2.46 2.49 2.49 2.54 2.57 OUTDOOR TENNIS COURT 28.20 28.59 28.93 28.93 29.54 29.89 RACE TRACK 5.11 5.18 5.24 5.24 5.35 5.42 REGIONAL SHOPPING CENTER 3.36 3.40 3.44 3.44 3.52 3.56 RESORT HOTEL 2.30 2.34 2.36 2.36 2.41 2.44 RESTAURANT - FAST FOOD 28.52 28.91 29.26 29.26 29.87 30.23 RESTAURANT - QUALITY 6.58 6.67 6.75 6.75 6.90 6.98 RESTAURANT - SIT DOWN 15.20 15.41 15.59 15.59 15.92 16.11 S & L - WALK IN 5.52 5.60 5.66 5.66 5.78 5.85 S & L - WITH DRIVE THRU 7.61 7.71 7.80 7.80 7.97 8.06 UNIVERSITY 2.26 2.30 2.32 2.32 2.37 2.40 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 2.14 2.17 2.20 2.20 2.25 2.27 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.74 1.77 1.79 1.79 1.83 1.85 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 20 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $9,050.92 $9,241.42 $9,355.51 $9,425.15 $9,406.26 $9,439.07 1.51 - 4.0 DU/ACRE 9,050.92 9,241.42 9,355.51 9,425.15 9,406.26 9,439.07 4.1 - 8.0 DU/ACRE 5,712.73 5,832.97 5,904.98 5,948.94 5,937.02 5,957.72 8.1 - 15.0 DU/ACRE 5,712.73 5,832.97 5,904.98 5,948.94 5,937.02 5,957.72 15.1 - 23.0 DU/ACRE 5,712.73 5,832.97 5,904.98 5,948.94 5,937.02 5,957.72 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $8.68 $8.86 $8.97 $9.04 $9.02 $9.05 AUTO - REPAIR & SALES 3.65 3.73 3.77 3.80 3.79 3.81 AUTO CAR WASH 6.75 6.89 6.98 7.03 7.02 7.04 BANK - WALK IN 13.73 14.02 14.19 14.30 14.27 14.32 BANK - WITH DRIVE THRU 19.32 19.73 19.97 20.12 20.08 20.15 BOWLING ALLEY 7.09 7.24 7.33 7.39 7.37 7.40 CAMPGROUND 18.74 19.13 19.37 19.51 19.47 19.54 CHURCH 3.20 3.27 3.31 3.33 3.32 3.34 COMMERCIAL SHOPS 3.10 3.17 3.21 3.23 3.22 3.24 COMMUNITY SHOPPING CENTER 4.54 4.63 4.69 4.72 4.71 4.73 CONVENIENCE MARKET 29.22 29.84 30.21 30.43 30.37 30.47 DISCOUNT STORE 3.45 3.52 3.56 3.59 3.58 3.59 GOLF COURSE 3.27 3.34 3.38 3.41 3.40 3.41 GROCERY STORE 8.32 8.50 8.60 8.67 8.65 8.68 HEALTH CLUB 3.09 3.16 3.20 3.22 3.21 3.22 HELIPORTS 11.37 11.61 11.76 11.84 11.82 11.86 HOSPITAL - CONVALESCENT 2.49 2.55 2.58 2.60 2.59 2.60 HOSPITAL - GENERAL 4.15 4.24 4.29 4.32 4.31 4.33 HOTEL - CONV. FAC/COMM.3.71 3.79 3.84 3.87 3.86 3.87 INDOOR SPORTS ARENA 2.49 2.55 2.58 2.60 2.59 2.60 INDUSTRIAL - COMMERCIAL BUSINESS PARK 2.29 2.34 2.37 2.38 2.38 2.39 JUNIOR COLLEGE 2.34 2.39 2.42 2.44 2.44 2.44 LIBRARY 4.56 4.65 4.71 4.75 4.74 4.75 LUMBER/HARDWARE STORE 2.64 2.70 2.73 2.75 2.75 2.76 MARINA 15.89 16.22 16.42 16.55 16.51 16.57 MOTEL 2.88 2.94 2.98 3.00 2.99 3.00 NEIGHBORHOOD SHOPPING CENTER 6.91 7.06 7.14 7.20 7.18 7.21 OFFICE - COMMERCIAL (< 100,000 SF)2.74 2.80 2.83 2.85 2.85 2.86 OFFICE - GOVERNMENT 3.14 3.20 3.24 3.26 3.26 3.27 OFFICE - HIGH RISE 2.86 2.92 2.95 2.98 2.97 2.98 OFFICE - MEDICAL 2.59 2.64 2.68 2.70 2.69 2.70 OUTDOOR TENNIS COURT 30.11 30.74 31.12 31.35 31.29 31.40 RACE TRACK 5.46 5.57 5.64 5.68 5.67 5.69 REGIONAL SHOPPING CENTER 3.58 3.66 3.71 3.73 3.73 3.74 RESORT HOTEL 2.46 2.51 2.54 2.56 2.56 2.57 RESTAURANT - FAST FOOD 30.45 31.09 31.48 31.71 31.65 31.76 RESTAURANT - QUALITY 7.03 7.18 7.27 7.32 7.31 7.33 RESTAURANT - SIT DOWN 16.23 16.57 16.78 16.90 16.87 16.93 S & L - WALK IN 5.90 6.02 6.09 6.14 6.13 6.15 S & L - WITH DRIVE THRU 8.12 8.29 8.39 8.46 8.44 8.47 UNIVERSITY 2.42 2.47 2.50 2.52 2.51 2.52 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 2.29 2.34 2.37 2.38 2.38 2.39 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.86 1.90 1.92 1.94 1.93 1.94 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 21 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE TAX RATE IMPROVEMENT AREA I:FY 2022-23 FY 2023-24 FY 2024-25 RESIDENTIAL (PER DWELLING UNIT) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $10,006.84 $10,016.83 $10,539.04 1.51 - 4.0 DU/ACRE 10,006.84 10,016.83 10,539.04 4.1 - 8.0 DU/ACRE 6,316.08 6,322.39 6,652.00 8.1 - 15.0 DU/ACRE 6,316.08 6,322.39 6,652.00 15.1 - 23.0 DU/ACRE 6,316.08 6,322.39 6,652.00 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $9.59 $9.60 $10.10 AUTO - REPAIR & SALES 4.03 4.04 4.25 AUTO CAR WASH 7.46 7.47 7.86 BANK - WALK IN 15.18 15.19 15.99 BANK - WITH DRIVE THRU 21.37 21.39 22.50 BOWLING ALLEY 7.84 7.85 8.26 CAMPGROUND 20.71 20.74 21.82 CHURCH 3.54 3.54 3.73 COMMERCIAL SHOPS 3.43 3.43 3.61 COMMUNITY SHOPPING CENTER 5.02 5.02 5.28 CONVENIENCE MARKET 32.31 32.34 34.03 DISCOUNT STORE 3.81 3.81 4.01 GOLF COURSE 3.62 3.62 3.81 GROCERY STORE 9.20 9.21 9.69 HEALTH CLUB 3.42 3.42 3.60 HELIPORTS 12.58 12.59 13.24 HOSPITAL - CONVALESCENT 2.76 2.76 2.90 HOSPITAL - GENERAL 4.59 4.59 4.83 HOTEL - CONV. FAC/COMM.4.11 4.11 4.32 INDOOR SPORTS ARENA 2.76 2.76 2.90 INDUSTRIAL - COMMERCIAL BUSINESS PARK 2.53 2.53 2.67 JUNIOR COLLEGE 2.59 2.59 2.73 LIBRARY 5.04 5.04 5.31 LUMBER/HARDWARE STORE 2.92 2.92 3.08 MARINA 17.57 17.59 18.50 MOTEL 3.18 3.19 3.35 NEIGHBORHOOD SHOPPING CENTER 7.64 7.65 8.05 OFFICE - COMMERCIAL (< 100,000 SF)3.03 3.03 3.19 OFFICE - GOVERNMENT 3.47 3.47 3.65 OFFICE - HIGH RISE 3.16 3.16 3.33 OFFICE - MEDICAL 2.86 2.87 3.02 OUTDOOR TENNIS COURT 33.29 33.32 35.06 RACE TRACK 6.03 6.04 6.35 REGIONAL SHOPPING CENTER 3.96 3.97 4.17 RESORT HOTEL 2.72 2.72 2.87 RESTAURANT - FAST FOOD 33.67 33.70 35.46 RESTAURANT - QUALITY 7.77 7.78 8.19 RESTAURANT - SIT DOWN 17.95 17.96 18.90 S & L - WALK IN 6.52 6.52 6.87 S & L - WITH DRIVE THRU 8.98 8.99 9.46 UNIVERSITY 2.67 2.68 2.82 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 2.53 2.53 2.67 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 2.06 2.06 2.17 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 22 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $5,789.00 $5,996.09 $6,061.33 $6,061.33 $6,067.38 $6,103.57 1.51 - 4.0 DU/ACRE 5,789.00 5,996.09 6,061.33 6,061.33 6,067.38 6,103.57 4.1 - 8.0 DU/ACRE 3,490.01 3,614.85 3,654.18 3,654.18 3,657.83 3,679.65 8.1 - 15.0 DU/ACRE 3,490.01 3,614.85 3,654.18 3,654.18 3,657.83 3,679.65 15.1 - 23.0 DU/ACRE 3,490.01 3,614.85 3,654.18 3,654.18 3,657.83 3,679.65 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $2.30 $2.38 $2.40 $2.40 $2.41 $2.42 AUTO - REPAIR & SALES 1.26 1.30 1.31 1.31 1.32 1.32 AUTO CAR WASH 2.00 2.07 2.10 2.10 2.10 2.11 BANK - WALK IN 3.65 3.79 3.83 3.83 3.83 3.85 BANK - WITH DRIVE THRU 4.54 4.71 4.76 4.76 4.76 4.79 BOWLING ALLEY 2.25 2.33 2.35 2.35 2.36 2.37 CAMPGROUND 3.96 4.11 4.15 4.15 4.16 4.18 CHURCH 1.54 1.60 1.61 1.61 1.62 1.63 COMMERCIAL SHOPS 1.26 1.30 1.31 1.31 1.32 1.32 COMMUNITY SHOPPING CENTER 1.43 1.48 1.50 1.50 1.50 1.51 CONVENIENCE MARKET 5.35 5.55 5.61 5.61 5.61 5.65 DISCOUNT STORE 1.26 1.30 1.31 1.31 1.32 1.32 GOLF COURSE 1.70 1.76 1.78 1.78 1.78 1.79 GROCERY STORE 2.03 2.11 2.13 2.13 2.13 2.14 HEALTH CLUB 1.47 1.52 1.54 1.54 1.54 1.55 HELIPORTS 2.92 3.02 3.05 3.05 3.06 3.07 HOSPITAL - CONVALESCENT 1.77 1.84 1.86 1.86 1.86 1.87 HOSPITAL - GENERAL 2.53 2.62 2.65 2.65 2.65 2.66 HOTEL - CONV. FAC/COMM.2.00 2.07 2.10 2.10 2.10 2.11 INDOOR SPORTS ARENA 1.77 1.84 1.86 1.86 1.86 1.87 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.20 1.24 1.26 1.26 1.26 1.26 JUNIOR COLLEGE 1.51 1.56 1.58 1.58 1.58 1.59 LIBRARY 2.27 2.35 2.38 2.38 2.38 2.40 LUMBER/HARDWARE STORE 1.26 1.30 1.31 1.31 1.32 1.32 MARINA 3.50 3.63 3.67 3.67 3.67 3.69 MOTEL 1.64 1.70 1.71 1.71 1.72 1.73 NEIGHBORHOOD SHOPPING CENTER 1.80 1.87 1.89 1.89 1.89 1.90 OFFICE - COMMERCIAL (< 100,000 SF)1.39 1.44 1.46 1.46 1.46 1.47 OFFICE - GOVERNMENT 1.49 1.55 1.56 1.56 1.57 1.57 OFFICE - HIGH RISE 1.46 1.51 1.53 1.53 1.53 1.54 OFFICE - MEDICAL 1.64 1.70 1.72 1.72 1.72 1.73 OUTDOOR TENNIS COURT 5.77 5.97 6.04 6.04 6.05 6.08 RACE TRACK 1.85 1.92 1.94 1.94 1.94 1.95 REGIONAL SHOPPING CENTER 1.28 1.32 1.34 1.34 1.34 1.35 RESORT HOTEL 1.57 1.63 1.65 1.65 1.65 1.66 RESTAURANT - FAST FOOD 6.02 6.24 6.31 6.31 6.31 6.35 RESTAURANT - QUALITY 2.45 2.54 2.57 2.57 2.57 2.59 RESTAURANT - SIT DOWN 3.76 3.89 3.93 3.93 3.94 3.96 S & L - WALK IN 2.41 2.49 2.52 2.52 2.52 2.54 S & L - WITH DRIVE THRU 2.76 2.86 2.89 2.89 2.90 2.92 UNIVERSITY 1.52 1.57 1.59 1.59 1.59 1.60 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.14 1.18 1.20 1.20 1.20 1.21 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.13 1.17 1.18 1.18 1.18 1.19 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 23 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,139.97 $6,209.78 $6,310.58 $6,403.84 $6,467.24 $6,524.93 1.51 - 4.0 DU/ACRE 6,139.97 6,209.78 6,310.58 6,403.84 6,467.24 6,524.93 4.1 - 8.0 DU/ACRE 3,701.59 3,743.68 3,804.45 3,860.67 3,898.90 3,933.67 8.1 - 15.0 DU/ACRE 3,701.59 3,743.68 3,804.45 3,860.67 3,898.90 3,933.67 15.1 - 23.0 DU/ACRE 3,701.59 3,743.68 3,804.45 3,860.67 3,898.90 3,933.67 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $2.44 $2.46 $2.50 $2.54 $2.57 $2.59 AUTO - REPAIR & SALES 1.33 1.35 1.37 1.39 1.40 1.41 AUTO CAR WASH 2.12 2.15 2.18 2.21 2.24 2.26 BANK - WALK IN 3.88 3.92 3.98 4.04 4.08 4.12 BANK - WITH DRIVE THRU 4.82 4.87 4.95 5.03 5.08 5.12 BOWLING ALLEY 2.38 2.41 2.45 2.49 2.51 2.53 CAMPGROUND 4.20 4.25 4.32 4.39 4.43 4.47 CHURCH 1.63 1.65 1.68 1.70 1.72 1.74 COMMERCIAL SHOPS 1.33 1.35 1.37 1.39 1.40 1.41 COMMUNITY SHOPPING CENTER 1.52 1.53 1.56 1.58 1.60 1.61 CONVENIENCE MARKET 5.68 5.74 5.84 5.92 5.98 6.04 DISCOUNT STORE 1.33 1.35 1.37 1.39 1.40 1.41 GOLF COURSE 1.80 1.82 1.85 1.88 1.90 1.92 GROCERY STORE 2.16 2.18 2.22 2.25 2.27 2.29 HEALTH CLUB 1.56 1.58 1.60 1.63 1.64 1.66 HELIPORTS 3.09 3.13 3.18 3.23 3.26 3.29 HOSPITAL - CONVALESCENT 1.88 1.90 1.93 1.96 1.98 2.00 HOSPITAL - GENERAL 2.68 2.71 2.75 2.79 2.82 2.85 HOTEL - CONV. FAC/COMM.2.12 2.15 2.18 2.21 2.24 2.26 INDOOR SPORTS ARENA 1.88 1.90 1.93 1.96 1.98 2.00 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.27 1.29 1.31 1.33 1.34 1.35 JUNIOR COLLEGE 1.60 1.62 1.65 1.67 1.69 1.70 LIBRARY 2.41 2.44 2.48 2.51 2.54 2.56 LUMBER/HARDWARE STORE 1.33 1.35 1.37 1.39 1.40 1.41 MARINA 3.72 3.76 3.82 3.88 3.91 3.95 MOTEL 1.74 1.76 1.78 1.81 1.83 1.84 NEIGHBORHOOD SHOPPING CENTER 1.91 1.93 1.97 2.00 2.01 2.03 OFFICE - COMMERCIAL (< 100,000 SF)1.47 1.49 1.52 1.54 1.55 1.57 OFFICE - GOVERNMENT 1.58 1.60 1.63 1.65 1.67 1.68 OFFICE - HIGH RISE 1.55 1.57 1.59 1.62 1.63 1.65 OFFICE - MEDICAL 1.74 1.76 1.79 1.82 1.84 1.85 OUTDOOR TENNIS COURT 6.12 6.19 6.29 6.38 6.44 6.50 RACE TRACK 1.96 1.99 2.02 2.05 2.07 2.09 REGIONAL SHOPPING CENTER 1.36 1.37 1.39 1.41 1.43 1.44 RESORT HOTEL 1.67 1.69 1.71 1.74 1.76 1.77 RESTAURANT - FAST FOOD 6.39 6.46 6.56 6.66 6.73 6.79 RESTAURANT - QUALITY 2.60 2.63 2.68 2.72 2.74 2.77 RESTAURANT - SIT DOWN 3.99 4.03 4.10 4.16 4.20 4.24 S & L - WALK IN 2.55 2.58 2.62 2.66 2.69 2.71 S & L - WITH DRIVE THRU 2.93 2.97 3.01 3.06 3.09 3.12 UNIVERSITY 1.61 1.63 1.65 1.68 1.70 1.71 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.21 1.23 1.25 1.27 1.28 1.29 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.20 1.21 1.23 1.25 1.26 1.27 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 24 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $6,618.19 $6,820.29 $6,937.60 $7,063.61 $7,191.91 $7,414.92 1.51 - 4.0 DU/ACRE 6,618.19 6,820.29 6,937.60 7,063.61 7,191.91 7,414.92 4.1 - 8.0 DU/ACRE 3,989.90 4,111.74 4,182.46 4,258.43 4,335.78 4,470.22 8.1 - 15.0 DU/ACRE 3,989.90 4,111.74 4,182.46 4,258.43 4,335.78 4,470.22 15.1 - 23.0 DU/ACRE 3,989.90 4,111.74 4,182.46 4,258.43 4,335.78 4,470.22 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $2.62 $2.71 $2.75 $2.80 $2.85 $2.94 AUTO - REPAIR & SALES 1.44 1.48 1.50 1.53 1.56 1.61 AUTO CAR WASH 2.29 2.36 2.40 2.44 2.49 2.56 BANK - WALK IN 4.18 4.31 4.38 4.46 4.54 4.68 BANK - WITH DRIVE THRU 5.20 5.35 5.45 5.55 5.65 5.82 BOWLING ALLEY 2.57 2.65 2.69 2.74 2.79 2.88 CAMPGROUND 4.53 4.67 4.75 4.84 4.93 5.08 CHURCH 1.76 1.82 1.85 1.88 1.91 1.97 COMMERCIAL SHOPS 1.44 1.48 1.50 1.53 1.56 1.61 COMMUNITY SHOPPING CENTER 1.63 1.68 1.71 1.74 1.78 1.83 CONVENIENCE MARKET 6.12 6.31 6.42 6.53 6.65 6.86 DISCOUNT STORE 1.44 1.48 1.50 1.53 1.56 1.61 GOLF COURSE 1.94 2.00 2.04 2.07 2.11 2.18 GROCERY STORE 2.33 2.40 2.44 2.48 2.53 2.61 HEALTH CLUB 1.68 1.73 1.76 1.79 1.83 1.88 HELIPORTS 3.33 3.44 3.49 3.56 3.62 3.73 HOSPITAL - CONVALESCENT 2.03 2.09 2.12 2.16 2.20 2.27 HOSPITAL - GENERAL 2.89 2.98 3.03 3.08 3.14 3.24 HOTEL - CONV. FAC/COMM.2.29 2.36 2.40 2.44 2.49 2.56 INDOOR SPORTS ARENA 2.03 2.09 2.12 2.16 2.20 2.27 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.37 1.41 1.44 1.46 1.49 1.54 JUNIOR COLLEGE 1.73 1.78 1.81 1.84 1.88 1.93 LIBRARY 2.60 2.68 2.72 2.77 2.82 2.91 LUMBER/HARDWARE STORE 1.44 1.48 1.50 1.53 1.56 1.61 MARINA 4.01 4.13 4.20 4.28 4.35 4.49 MOTEL 1.87 1.93 1.96 2.00 2.03 2.10 NEIGHBORHOOD SHOPPING CENTER 2.06 2.12 2.16 2.20 2.24 2.31 OFFICE - COMMERCIAL (< 100,000 SF)1.59 1.64 1.67 1.70 1.73 1.78 OFFICE - GOVERNMENT 1.71 1.76 1.79 1.82 1.86 1.91 OFFICE - HIGH RISE 1.67 1.72 1.75 1.78 1.82 1.87 OFFICE - MEDICAL 1.88 1.94 1.97 2.01 2.04 2.11 OUTDOOR TENNIS COURT 6.59 6.80 6.91 7.04 7.17 7.39 RACE TRACK 2.12 2.18 2.22 2.26 2.30 2.37 REGIONAL SHOPPING CENTER 1.46 1.51 1.53 1.56 1.59 1.64 RESORT HOTEL 1.80 1.85 1.89 1.92 1.95 2.01 RESTAURANT - FAST FOOD 6.88 7.10 7.22 7.35 7.48 7.71 RESTAURANT - QUALITY 2.81 2.89 2.94 3.00 3.05 3.14 RESTAURANT - SIT DOWN 4.30 4.43 4.50 4.59 4.67 4.81 S & L - WALK IN 2.75 2.84 2.88 2.94 2.99 3.08 S & L - WITH DRIVE THRU 3.16 3.26 3.31 3.37 3.43 3.54 UNIVERSITY 1.73 1.79 1.82 1.85 1.89 1.94 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.31 1.35 1.37 1.40 1.42 1.47 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.29 1.33 1.35 1.38 1.40 1.45 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 25 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,302.00 $7,402.82 $7,490.60 $7,490.60 $7,648.26 $7,738.95 1.51 - 4.0 DU/ACRE 7,302.00 7,402.82 7,490.60 7,490.60 7,648.26 7,738.95 4.1 - 8.0 DU/ACRE 4,402.14 4,462.92 4,515.84 4,515.84 4,610.89 4,665.57 8.1 - 15.0 DU/ACRE 4,402.14 4,462.92 4,515.84 4,515.84 4,610.89 4,665.57 15.1 - 23.0 DU/ACRE 4,402.14 4,462.92 4,515.84 4,515.84 4,610.89 4,665.57 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $2.90 $2.94 $2.97 $2.97 $3.03 $3.07 AUTO - REPAIR & SALES 1.58 1.61 1.62 1.62 1.66 1.68 AUTO CAR WASH 2.53 2.56 2.59 2.59 2.65 2.68 BANK - WALK IN 4.61 4.67 4.73 4.73 4.83 4.89 BANK - WITH DRIVE THRU 5.73 5.81 5.88 5.88 6.00 6.08 BOWLING ALLEY 2.84 2.88 2.91 2.91 2.97 3.01 CAMPGROUND 5.00 5.07 5.13 5.13 5.24 5.30 CHURCH 1.94 1.97 1.99 1.99 2.04 2.06 COMMERCIAL SHOPS 1.58 1.61 1.62 1.62 1.66 1.68 COMMUNITY SHOPPING CENTER 1.80 1.83 1.85 1.85 1.89 1.91 CONVENIENCE MARKET 6.75 6.85 6.93 6.93 7.07 7.16 DISCOUNT STORE 1.58 1.61 1.62 1.62 1.66 1.68 GOLF COURSE 2.14 2.17 2.20 2.20 2.25 2.27 GROCERY STORE 2.57 2.60 2.63 2.63 2.69 2.72 HEALTH CLUB 1.85 1.88 1.90 1.90 1.94 1.96 HELIPORTS 3.68 3.73 3.77 3.77 3.85 3.90 HOSPITAL - CONVALESCENT 2.23 2.27 2.29 2.29 2.34 2.37 HOSPITAL - GENERAL 3.19 3.23 3.27 3.27 3.34 3.38 HOTEL - CONV. FAC/COMM.2.53 2.56 2.59 2.59 2.65 2.68 INDOOR SPORTS ARENA 2.23 2.27 2.29 2.29 2.34 2.37 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.51 1.53 1.55 1.55 1.58 1.60 JUNIOR COLLEGE 1.90 1.93 1.95 1.95 1.99 2.02 LIBRARY 2.87 2.91 2.94 2.94 3.00 3.04 LUMBER/HARDWARE STORE 1.58 1.61 1.62 1.62 1.66 1.68 MARINA 4.42 4.48 4.53 4.53 4.63 4.68 MOTEL 2.06 2.09 2.12 2.12 2.16 2.19 NEIGHBORHOOD SHOPPING CENTER 2.27 2.31 2.33 2.33 2.38 2.41 OFFICE - COMMERCIAL (< 100,000 SF)1.75 1.78 1.80 1.80 1.84 1.86 OFFICE - GOVERNMENT 1.88 1.91 1.93 1.93 1.97 2.00 OFFICE - HIGH RISE 1.84 1.87 1.89 1.89 1.93 1.95 OFFICE - MEDICAL 2.07 2.10 2.13 2.13 2.17 2.20 OUTDOOR TENNIS COURT 7.28 7.38 7.46 7.46 7.62 7.71 RACE TRACK 2.33 2.37 2.40 2.40 2.45 2.47 REGIONAL SHOPPING CENTER 1.61 1.64 1.66 1.66 1.69 1.71 RESORT HOTEL 1.98 2.01 2.04 2.04 2.08 2.10 RESTAURANT - FAST FOOD 7.60 7.70 7.79 7.79 7.96 8.05 RESTAURANT - QUALITY 3.10 3.14 3.18 3.18 3.24 3.28 RESTAURANT - SIT DOWN 4.74 4.81 4.86 4.86 4.96 5.02 S & L - WALK IN 3.04 3.08 3.11 3.11 3.18 3.22 S & L - WITH DRIVE THRU 3.49 3.54 3.58 3.58 3.65 3.70 UNIVERSITY 1.91 1.94 1.96 1.96 2.00 2.03 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.44 1.46 1.48 1.48 1.51 1.53 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.42 1.44 1.46 1.46 1.49 1.51 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 26 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME 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) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $7,796.56 $7,960.65 $8,058.93 $8,118.93 $8,102.66 $8,130.92 1.51 - 4.0 DU/ACRE 7,796.56 7,960.65 8,058.93 8,118.93 8,102.66 8,130.92 4.1 - 8.0 DU/ACRE 4,700.30 4,799.23 4,858.48 4,894.64 4,884.83 4,901.87 8.1 - 15.0 DU/ACRE 4,700.30 4,799.23 4,858.48 4,894.64 4,884.83 4,901.87 15.1 - 23.0 DU/ACRE 4,700.30 4,799.23 4,858.48 4,894.64 4,884.83 4,901.87 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $3.09 $3.16 $3.20 $3.22 $3.21 $3.22 AUTO - REPAIR & SALES 1.69 1.73 1.75 1.76 1.76 1.76 AUTO CAR WASH 2.70 2.75 2.79 2.81 2.80 2.81 BANK - WALK IN 4.92 5.03 5.09 5.13 5.12 5.13 BANK - WITH DRIVE THRU 6.12 6.25 6.33 6.37 6.36 6.38 BOWLING ALLEY 3.03 3.09 3.13 3.15 3.15 3.16 CAMPGROUND 5.34 5.45 5.52 5.56 5.55 5.57 CHURCH 2.08 2.12 2.15 2.16 2.16 2.16 COMMERCIAL SHOPS 1.69 1.73 1.75 1.76 1.76 1.76 COMMUNITY SHOPPING CENTER 1.93 1.97 1.99 2.01 2.00 2.01 CONVENIENCE MARKET 7.21 7.36 7.45 7.51 7.49 7.52 DISCOUNT STORE 1.69 1.73 1.75 1.76 1.76 1.76 GOLF COURSE 2.29 2.34 2.37 2.38 2.38 2.39 GROCERY STORE 2.74 2.80 2.83 2.85 2.85 2.86 HEALTH CLUB 1.98 2.02 2.05 2.06 2.06 2.06 HELIPORTS 3.93 4.01 4.06 4.09 4.08 4.10 HOSPITAL - CONVALESCENT 2.39 2.44 2.47 2.48 2.48 2.49 HOSPITAL - GENERAL 3.40 3.47 3.52 3.54 3.54 3.55 HOTEL - CONV. FAC/COMM.2.70 2.75 2.79 2.81 2.80 2.81 INDOOR SPORTS ARENA 2.39 2.44 2.47 2.48 2.48 2.49 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.62 1.65 1.67 1.68 1.68 1.68 JUNIOR COLLEGE 2.03 2.08 2.10 2.12 2.11 2.12 LIBRARY 3.06 3.12 3.16 3.19 3.18 3.19 LUMBER/HARDWARE STORE 1.69 1.73 1.75 1.76 1.76 1.76 MARINA 4.72 4.82 4.88 4.91 4.90 4.92 MOTEL 2.20 2.25 2.28 2.30 2.29 2.30 NEIGHBORHOOD SHOPPING CENTER 2.43 2.48 2.51 2.53 2.52 2.53 OFFICE - COMMERCIAL (< 100,000 SF)1.87 1.91 1.94 1.95 1.95 1.95 OFFICE - GOVERNMENT 2.01 2.05 2.08 2.09 2.09 2.10 OFFICE - HIGH RISE 1.97 2.01 2.04 2.05 2.05 2.05 OFFICE - MEDICAL 2.21 2.26 2.29 2.31 2.30 2.31 OUTDOOR TENNIS COURT 7.77 7.93 8.03 8.09 8.07 8.10 RACE TRACK 2.49 2.55 2.58 2.60 2.59 2.60 REGIONAL SHOPPING CENTER 1.72 1.76 1.78 1.79 1.79 1.80 RESORT HOTEL 2.12 2.16 2.19 2.21 2.20 2.21 RESTAURANT - FAST FOOD 8.11 8.28 8.38 8.45 8.43 8.46 RESTAURANT - QUALITY 3.31 3.38 3.42 3.44 3.44 3.45 RESTAURANT - SIT DOWN 5.06 5.17 5.23 5.27 5.26 5.28 S & L - WALK IN 3.24 3.31 3.35 3.38 3.37 3.38 S & L - WITH DRIVE THRU 3.72 3.80 3.85 3.88 3.87 3.88 UNIVERSITY 2.04 2.09 2.11 2.13 2.12 2.13 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.54 1.57 1.59 1.60 1.60 1.61 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.52 1.55 1.57 1.58 1.58 1.58 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 27 of 32 CITY OF CARLSBAD COMMUNITY FACILITIES DISTRICT NO. 1 TAX RATES FOR FISCAL YEAR 2024-25 SPECIAL DEVELOPMENT TAX ONE-TIME PROPERTY TYPE TAX RATE IMPROVEMENT AREA II:FY 2022-23 FY 2023-24 FY 2024-25 RESIDENTIAL (PER DWELLING UNIT) (95% of the Maximum Tax) 0 - 1.5 DU /ACRE $8,619.99 $8,628.61 $9,078.44 1.51 - 4.0 DU/ACRE 8,619.99 8,628.61 9,078.44 4.1 - 8.0 DU/ACRE 5,196.72 5,201.91 5,473.10 8.1 - 15.0 DU/ACRE 5,196.72 5,201.91 5,473.10 15.1 - 23.0 DU/ACRE 5,196.72 5,201.91 5,473.10 NON-RESIDENTIAL (PER SQ.FT.) (50% of the Maximum Tax) AUTO - GASOLINE $3.42 $3.42 $3.60 AUTO - REPAIR & SALES 1.87 1.87 1.97 AUTO CAR WASH 2.98 2.98 3.14 BANK - WALK IN 5.44 5.45 5.73 BANK - WITH DRIVE THRU 6.77 6.77 7.13 BOWLING ALLEY 3.35 3.35 3.53 CAMPGROUND 5.90 5.91 6.22 CHURCH 2.30 2.30 2.42 COMMERCIAL SHOPS 1.87 1.87 1.97 COMMUNITY SHOPPING CENTER 2.13 2.13 2.24 CONVENIENCE MARKET 7.97 7.98 8.40 DISCOUNT STORE 1.87 1.87 1.97 GOLF COURSE 2.53 2.53 2.67 GROCERY STORE 3.03 3.03 3.19 HEALTH CLUB 2.19 2.19 2.30 HELIPORTS 4.34 4.35 4.57 HOSPITAL - CONVALESCENT 2.64 2.64 2.78 HOSPITAL - GENERAL 3.76 3.77 3.96 HOTEL - CONV. FAC/COMM.2.98 2.98 3.14 INDOOR SPORTS ARENA 2.64 2.64 2.78 INDUSTRIAL - COMMERCIAL BUSINESS PARK 1.79 1.79 1.88 JUNIOR COLLEGE 2.25 2.25 2.37 LIBRARY 3.38 3.39 3.56 LUMBER/HARDWARE STORE 1.87 1.87 1.97 MARINA 5.22 5.22 5.49 MOTEL 2.44 2.44 2.57 NEIGHBORHOOD SHOPPING CENTER 2.69 2.69 2.83 OFFICE - COMMERCIAL (< 100,000 SF)2.07 2.07 2.18 OFFICE - GOVERNMENT 2.22 2.23 2.34 OFFICE - HIGH RISE 2.18 2.18 2.29 OFFICE - MEDICAL 2.45 2.45 2.58 OUTDOOR TENNIS COURT 8.59 8.60 9.05 RACE TRACK 2.76 2.76 2.90 REGIONAL SHOPPING CENTER 1.90 1.91 2.01 RESORT HOTEL 2.34 2.34 2.47 RESTAURANT - FAST FOOD 8.97 8.98 9.44 RESTAURANT - QUALITY 3.66 3.66 3.85 RESTAURANT - SIT DOWN 5.60 5.60 5.89 S & L - WALK IN 3.58 3.59 3.78 S & L - WITH DRIVE THRU 4.12 4.12 4.34 UNIVERSITY 2.26 2.26 2.38 ALL OTHER COMMERCIAL USES NOT IDENTIFIED ABOVE 1.70 1.71 1.79 ALL OTHER INDUSTRIAL USES NOT IDENTIFIED ABOVE 1.68 1.68 1.77 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 11.00%. ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES. FORMATION OR ANNEXATION DATE July 16, 2024 Item #3 Page 28 of 32 Ci t y o f C a r l s b a d 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 As o f J u l y 1 , 2 0 2 4 Ca r r y f o r w a r d Ye a r 1 Ye a r 2 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 To t a l P r o j e c t Bu d g e t To t a l Ex 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 3 - 2 4 Bu d g e t e d 20 2 4 - 2 5 Bu d g e t e d 20 2 5 - 2 6 Bu d g e t e d 20 2 8 - 2 9 Bu d g e t e d 20 2 9 - 3 0 Bu d g e t e d 20 3 0 - 3 1 Bu d g e t e d 20 3 1 - 3 2 Bu d g e t e d 20 3 2 - 3 3 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 : Cit y H a l l & L i b r a r y C o m p l e x 11 6 , 5 2 8 , 1 0 5 29 8 , 5 9 7 $ 72 9 , 5 0 8 $ - $ - $ 15 , 5 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 11 6 , 2 2 9 , 5 0 8 $ Cit y H a l l ( 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 - - - - - - - - - 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 ) 53 , 3 2 7 , 7 2 8 2, 3 5 2 , 0 7 1 30 , 4 2 5 , 6 5 7 (2 5 , 6 0 0 , 0 0 0 ) 46 , 1 5 0 , 0 0 0 - - - - - 50 , 9 7 5 , 6 5 7 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 * 47 , 5 1 1 , 4 5 1 2, 4 4 9 , 1 9 2 39 , 2 6 2 , 2 5 9 5, 8 0 0 , 0 0 0 - - - - - - 45 , 0 6 2 , 2 5 9 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 - Oli 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 - 29 5 , 2 6 7 , 2 3 4 $ 82 , 9 9 9 , 8 1 0 $ 70 , 4 1 7 , 4 2 4 $ (1 9 , 8 0 0 , 0 0 0 ) $ 46 , 1 5 0 , 0 0 0 $ 15 , 5 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 25 , 0 0 0 , 0 0 0 $ 21 2 , 2 6 7 , 4 2 4 $ *V e t e r a n ' s M e m o r i a l P a r k i s f u n d e d w i t h a $ 3 m i l l i o n f e d e r a l a n d $ 5 m i l l i o n s t a t e g r a n t i n a d d i t i o n t o t h e $ 4 7 . 5 m i l l i o n i n C F D f u n d i n g f o r a t o t a l p r o j e c t b u d g e t o f $ 5 5 . 5 m i l l i o n . Fu t u r e E x p e n d i t u r e s Exhibit 2 July 16, 2024 Item #3 Page 29 of 32 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% 2023 0%90%0%10%7.5% 2024 0%90%0%10%7.5% 2025 0%95%0%50%9.0% Non-ResidentialResidential History of Tax Rates Community Facilities District No. 1 July 16, 2024 Item #3 Page 30 of 32 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 16, 2024 Item #3 Page 31 of 32 C cityof Carlsbad Page 2 of 2 Annexations as of July 1, 2024 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 23 FPC Residential (HG Fenton), Annexation No. 22/23-01 July 16, 2024 Item #3 Page 32 of 32