HomeMy WebLinkAbout1998-06-23; City Council; Resolution 98-2044 ll e e
1
2
RESOLUTION NO. 98-204
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, ESTABLISHING SPECIAL
TAX FOR A COMMUNITY FACILITIES DISTRICT
3
4
5
WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD, CALIFORNIA,
(hereinafter referred to as the "legislative body"), has initiated proceedings, held a public
hearing, conducted an election and received a favorable vote from the qualified electors
6
7
8
9
10
11
12
13
14 ~
relating to the levy of a special tax in a community facilities district, all as authorized
pursuant to the terms and provisions of the "Mello-Roos Community Facilities Act of
1982", being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State
of California. This Community Facilities District shall hereinafter be referred to as
COMMUNITY FACILITIES DISTRICT NO. I (hereinafter referred to as the "District");
and,
WHEREAS, this legislative body, by Ordinance as,authorized by Section 53340
of the Government Code of the.State of California, has authorized the levy of a special
tax to pay for costs and expenses related to said Community Facilities District, and this
15
for the next fiscal year. 16
legislative body is desirous to establish the specific rate of the special tax to be collected
SECTION 1. That the above recitals are all true and correct. 18
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: 17
SECTION 2. That the specific rates and amount of the special taxes to be 19
20
referenced District is hereby determined and established as set forth in the attached, 21
collected to pay for the costs and expenses for the next fiscal year (1 998-99) for the
25
previously authorized by Ordinance of this legislative body, and is not in excess of that as 24
SECTION 3. That the rate as set forth above does not exceed the amount as 23
referenced and incorporated Exhibits A and B. 22
previously approved by the qualified electors of the District.
26
27
28
I , 11 I
4 I/ 0 0
1
2 SECTION 4. That the proceeds of the special tax shall be used to pay, in whole
3
4
5
6
7
or in part, the costs of the following, in the following order of priority:
A. Payment of principal of 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 and public
8 I/ services;
D. Repayment of advances and loans, if appropriate. The proceeds of the 9
10
special taxes shall be used as set forth above, and shall not be used for any other
purpose.
XI. I1 SECTION 5. The annual special tax shall be collected in the same manner as
I.2 11 ordinary ad valorem property taxes are collected, and shall be subject to the same
l3
15
14
I penalties and same procedure and sale in cases of any delinquency for ad valorem
taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative
costs incurred in collecting any said special tax.
l6 /I SECTION 6. All monies above collected shall be paid into the Community
I.7 11 Facilities District funds, including any bond fund and reserve fund.
18
I'
to enter in the next County assessment roll on which taxes will become due, opposite 21
special taxes to the Auditor of the County. The Auditor of the County is hereby directed 2o
of the annual special tax for each parcel within the District and provide a list of those
22 each lot or parcel of land affected in a space marked "public improvements, special tax"
23 or by any other suitable designation, the installment of the special tax.
24 SECTION 8. The County Auditor shall then, at the close of the tax collection
25 period, promptly render to this Agency a detailed report showing the amount and/or
26
27
amounts of such special tax installments, interest, penalties and percentages so
collected and from what property collected, and also provide a statement of any
SECTION 7. The Finance Director is hereby directed to calculate the installment
28 I1
f
1
2
3
4
5
6
7
a
9
10
11
12
13
14
15
16
17
18
19
2o I 21
22
23
24
25
26
27
28
0 0
percentages retained for the expense of making any such collection.
PASSED, APPROVED AND ADOPTED by the City Council of the City of
Carlsbad at its regular meeting held on the 23rd day of June , 1998, by the
following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard and Hall
NOES: None -
ABSENT: Council
ATTEST:
I?
(SEAL)
x d
0 a EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
Page 1
UNDEVELOPED PROPERTY
FOR PROPERTY ORIGINALLY IN THE DISTRICT MAY 7,1991
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL
1,483 2,966 2,063 2,948 RH
1,053 2,107 1,466 2,094 RMH
687 1,374 956 1,366 RM
41 0 820 570 81 5 RLM
$1 49 $298 $208 $297 RL
(50% OF MAXIMUM) (70% OF MAXIMUM)
COMMERCIAL $2,533 $1,267 $2,548 $1,529
INDUSTRIAL 1,267 633 764 1,274
NON-RESIDENTIAL (60% OF MAXIMUM: (50% OF MAXIMUM)
TAX RATE IMPROVEMENT AREA 11:
RESIDENTIAL
1,454 2,908 2,024 2,891 RH
992 1,983 1,380 1,972 RMH
646 1,292 899 1,284 RM
403 807 561 802 RLM
$1 47 $294 $205 $292 RL
(50% OF MAXIMUM: (70% OF MAXIMUM)
COMMERCIAL $1,689 $844 $1,699 $1,019
INDUSTRIAL 1,013 507 61 2 1,019
NON-RESIDENTIAL (60% OF MAXIMUM] (50% OF MAXIMUM)
I
I
I
I
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY Yo OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81 Yo
1997-98
8.69% 1998-99
9.48%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN 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 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
I
0 0 EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. I
TAX RATES
Page 2
UNDEVELOPEDPROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1993/94
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY TAX MAXIMUM I TAX I MAXIMUM
TYPE
1,536 3,072 2,137 3,053 RH
1,091 2,182 1,518 2,169 RMH
71 1 1,423 990 1,415 RM
424 849 591 844 RLM
$1 54 $309 $21 5 $307 RL
(50% OF MAXIMUM: (70% OF MAXIMUM) RESIDENTIAL
TAXRATE IMPROVEMENTAREA I:
RATES TAX TAX I RATES
1 COMMERCIAL $2,624 $1,312 $2,639 $1,584 ~NON-RESIDENTIAL (60% OF MAXIMUM (50% OF MAXIMUM)
)
1
INDUSTRIAL 1,312 1 656 I 1,320 I 792
TAX RATE IMPROVEMENT AREA 11:
‘RESIDENTIAL (50% OF MAXIMUM) (70% OF MAXIMUM)
RL
1,506 3,012 2,096 2,994 RH
1,027 2,054 1,429 2,043 RMH
669 1,338 93 1 1,330 RM
41 8 836 582 83 1 RLM
$1 52 $305 $21 2 $303
COMMERCIAL $1,749 $875 $1,760 $1,056
INDUSTRIAL 1,049 633 1,056 525
NON-RESIDENTIAL (60% OF MAXIMUM) (50% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAXONDEVELOPEDPROPERTY I % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81 % I .. ~. .. I I 1997-98
1998-99 8.69% I 9.48%
, I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
e e EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
Page 3
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1994/95
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL (70% OF MAXIMUM)
1,553 3,105 2,161 3,087 RH 1 ,I 03 2,206 1,535 2,193 RMH
71 9 1,439 1,001 1,430 RM
429 858 597 853 RLM
.$I56 $31 2 $21 7 $31 1 RL
(50% OF MAXIMUM:
COMMERCIAL $2,652 $1,326 $2,668 $1,601
INDUSTRIAL 1,326 663 1,334 800
NON-RESIDENTIAL (60% OF MAXIMUM: (50% OF MAXIMUM)
TAX RATE IMPROVEMENT AREA II:
RESIDENTIAL (70% OF MAXIMUM)
1,523 3,045 2,119 3,027 RH 1,038 2,077 1,445 2,064 RMH
676 1,353 94 1 1,345 RM
422 845 588 840 RLM
$1 54 $308 $21 4 $306 RL
(50% OF MAXIMUM,
COMMERCIAL $1,768 $884 $1,779 $1,067
INDUSTRIAL 1,061 530 1,067 640
NON-RESIDENTIAL (60% OF MAXIMUM: (50% OF MAXIMUM)
I
)
-
)
I
-
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81 %
1997-98 9.48% I I 11 998-99 8.69%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WTHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
0 0 EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
Page 4
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FlSGACYEAR 1995-96
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAXRATEIMPROVEMENTAREA I:
RESIDENTIAL (70% OF MAXIMUM)
1,553 3,105 2,161 3,087 RH 1 ,I 03 2,206 1,535 2,193 RMH
71 9 1,438 1,001 1,430 RM
429 858 597 853 RLM
$1 56 $31 3 $21 7 $31 1 RL
(50% OF MAXIMUM)
COMMERCIAL $2,652 $1,326 $2,668 $1,601 INDUSTRIAL 1,326 663 1,334 800
NON-RESIDENTIAL (60% OF MAXIMUM: (50% OF MAXIMUM)
1 TAX RATE IMPROVEMENT AREA 11:
RESIDENTIAL
1,553 3,045 2,119 3,027 RH
1,038 2,077 1,445 2,064 RMH
676 1,353 94 1 1,345 RM
422 845 588 840 RLM
$1 54 $308 $214 $306 RL
(50% OF MAXIMUM: (70% OF MAXIMUM)
COMMERCIAL $1,768 $884 $1,779 $1,067
INDUSTRIAL 1,061 530 640 1,067
NON-RESIDENTIAL (60% OF MAXIMUM] (50% OF MAXIMUM)
I
1
I
I
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY YO OF ONE-TIME SPECIAL TAX 1
MAXIMUM PERCENTAGE 13.81 %
1997-98
8.69% 1998-99
9.48%
I I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
e 0 EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
Page 5
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1996-97
FISCAL YEAR 1997-98 FISCAL YEAR 1998-99
PROPERTY TAX MAXIMUM TAX MAXIMUM
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL
RL
2,195 RMH
1,431 RM
854 RLM
$31 1
3,090 RH
COMMERCIAL $2,655
INDUSTRIAL 1.327
NON-RESIDENTIAL
I TAXRATE IMPROVEMENTAREA 11:
(70% OF MAXIMUM)
$21 8
598
1,002
1,536
2,163
$1,327
664
(50% OF MAXIMUM)
$31 3
859
1,440
2,209
3,108
$2,671
1.335
(50% OF MAXIMUM
~~
$1 56
430
720
1,104
1,554
$1,602
801
(60% OF MAXIMUM
iESlDENTIAL
RL
RLM
RM
RMH
RH
COMMERCIAL
INDUSTRIAL
ION-RESIDENTIAL
$306
841
1,346
2,066
3,030
$1,770
1.062
(70% OF MAXIMUM)
$21 4
588
942
1,446
2,121
$885
53 1
(50% OF MAXIMUM)
$308
846
1,354
2,079
3,048
$1,781
1.068
(50% OF MAXIMUM)
$1 54
423
677
1,039
1,524
$1,068
64 1
(60% OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81 %
1997-98 9.48% I I 11 998-99 8.69% I
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WlTHlN BRlDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WlTHlN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
I
a e EXHIBIT A
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES
Page 6
UNDEVELOPED PROPERTY
FOR PROPERTY ANNEXED INTO THE DISTRICT FISCAL YEAR 1997-98
I FISCAL YEAR 1997-98
TAX MAXIMUM TAX MAXIMUM PROPERTY
FISCAL YEAR 1998-99
TYPE RATES TAX RATES TAX
TAX RATE IMPROVEMENT AREA I:
RESIDENTIAL
1,563 3,127 na 3,108 RH
1,111 2,221 na 2,208 RMH
724 1,449 na 1,440 RM
432 864 na 859 RLM
$1 57 $31 5 na $31 3 RL
(50% OF MAXIMUM)
COMMERCIAL $2,671 na $2,687 $1,612
INDUSTRIAL 1,335 na 806 1,343
NON-RESIDENTIAL (60% OF MAXIMUM)
TAXRATE IMPROVEMENT AREA II:
RESIDENTIAL (50% OF MAXIMUM)
RL
1,533 3,066 na 3,048 RH
1,046 2,091 na 2,079 RMH
681 1,362 na 1,354 RM
425 851 na 846 RLM
$1 55 $31 0 na $308
COMMERCIAL $1,780 na $1,791 $1,075
INDUSTRIAL 1,068 na 1,075 645
NON-RESIDENTIAL (60?'0 OF MAXIMUM)
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
TAX ON DEVELOPED PROPERTY I % OF ONE-TIME SPECIAL TAX
MAXIMUM PERCENTAGE 13.81 %
1997-98
8.69% ,1998-99
9.48Yo
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 1.2%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
/?
0 0
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATE FOR FISCAL YEAR 1998-99
SPECIAL DEVELOPMENT TAX - ONE-TIME
EXHIBIT B
Page I
PROPERTY TYPE FORMATlON OR ANNEXATION DATE
TAX RATE /wRovEwu AREA I: FY 1996-97 FY 1995-96 FY 1994-95 FY 1993-94 MAY 7,1991
RESIDENTIAL (PER DWELLING UNIT):
(90% of the maximum fax)
RL (0 - 1.5 DU/AC) $4,458.90 $4,454.45 $4,454.45 $4,406.50 $4,254.32
RLM (1.51 TO 4.0-DU/AC)
2,814.35 2,811.55 2,811.55 2,781.28 2,685.23 RH (15.1 TO 23.0 DU/AC) 2,814.35 2,811.55 2,811.55 2,781.28 2,685.23 RMH (8.1 TO 15.0 DU/AC)
2,814.35 2,811.55 2,811.55 2,781.28 2,685.23 RM (4.1 TO 8.0 DU/AC)
4,458.90 4,454.45 4,454.45 4,406.50 4,254.32
NON-RESIDENTIAL (PER SQ.FT.):
(100% of the maximum tax)
AUTO - GASOLINE
3.79 3.79 3.79 3.75 3.62 AUTO - REPAIR & SALES
$9.03 $9.02 $9.02 $8.92 $8.61
AUTO CAR WASH 7.02 7.01 7.01 6.94 6.70
BANK- WALK IN
20.10 20.08 20.08 19.86 19.18 BANK - WITH DRIVE THRU
14.28 14.26 14.26 14.11 13.62
BOWLING ALLEY
11.83 11.82 11.82 11.69 11.29 HELIPORTS
3.22 3.21 3.21 3.18 3.07 HEALTH CLUB
8.66 8.65 8.65 8.56 8.26 GROCERY STORE
3.41 3.40 3.40 3.37 3.25 GOLF COURSE
3.58 3.58 3.58 3.54 3.42 DISCOUNT STORE
30.39 30.36 30.36 30.03 29.00 CONVENIENCE MARKET
4.72 4.71 4.71 4.66 4.50 COMMUNITY SHOPPING CENTER
3.23 3.22 3.22 3.19 3.08 COMMERCIAL SHOPS
3.33 3.32 3.32 3.29 3.17 CHURCH
19.49 19.47 19.47 19.26 18.59 CAMPGROUND
7.38 7.37 7.37 7.29 7.04
HOSPITAL - CONVALESCENT
3.86 3.86 3.86 3.82 3.68 HOTEL - CONV. FACICOMM.
4.32 4.31 4.31 4.27 4.12 HOSPITAL - GENERAL
2.59 2.59 2.59 2.56 2.47
INDOOR SPORTS ARENA 2.59 2.59 2.59 2.56 2.47
BUSINESS PARK 2.27
7.19 7.18 7.18 7.10 6.86 NEIGHBORHOOD SHOPPING CENTER
2.99 2.99 2.99 2.96 2.86 MOTEL
16.53 16.51 16.51 16.33 15.77 MARINA
2.75 2.75 2.75 2.72 2.62 LUMBER/HARDWARE STORE
4.74 4.74 4.74 4.68 4.52 LIBRARY
2.44 2.43 2.43 2.41 2.33 JUNIOR COLLEGE
2.38 2.38 2.38 2.35
INDUSTRIAL - COMMERCIAL
OFFICE - COMMERCIAL (C 100,000 SF)
2.56 2.56 2.56 2.53 2.44 RESORT HOTEL
3.73 3.72 3.72 3.68 3.56 REGIONAL SHOPPING CENTER
5.68 5.67 5.67 5.61 5.42 RACE TRACK
31.32 31.28 31.28 30.95 29.88 OUTDOOR TENNIS COURT
2.69 2.69 2.69 2.66 2.57 OFFICE - MEDICAL
2.97 2.97 2.97 2.94 2.83 OFFICE - HIGH RISE
3.26 3.26 3.26 3.22 3.1 1 OFFICE -GOVERNMENT
2.85 2.85 2.85 2.82 2.72
RESTAURANT - FAST FOOD
8.45 8.44 8.44 8.35 8.06 S & L - WITH DRIVE THRU
6.13 6.13 6.13 6.06 5.85 S&L-WALKIN
16.88 16.86 16.86 16.68 16.1 1 RESTAURANT - SIT DOWN
7.31 7.30 7.30 7.23 6.98 RESTAURANT - QUALITY
31.67 31.64 31.64 31.30 30.22
UNIVERSITY
ALL OTHER COMMERCIAL USES
2.52 2.51 2.51 2.49 2.40
NOT IDENTIFIED ABOVE 2.38 2.38 2.38 2.35 2.27
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE 1.94 1.93 1.93 1.91 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 1.2%
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES
FY 1997-98 FY 1998-99
$4,485.49
2,831 .I4
2,848.02 2,831 .I4
4,512.24 4,485.49
$4,512.24
2,848.02 2,831.14
2,848.02
$9.08
2.62 2.61
3.91 3.88
4.37 4.34
2.62 2.61
11.97 11.90
3.25 3.24
8.76 8.71
3.45 3.43
3.63 3.60
30.76 30.57
4.77 4.75
3.27 3.25
3.37 3.35
19.72 19.60
7.47 7.42
20.34 20.22
14.45 14.36
7.1 1 7.06
3.84 3.82
$9.13
2.40
2.73 2.71
3.01 2.99
3.30 3.28
2.88 2.87
7.27 7.23
3.03 3.01
16.72 16.62
2.78 2.77
4.80 4.77
2.47 2.45
2.41
31.50 31.69
5.71 5.74
3.75 3.77
2.57 2.59
31.86 32.05
7.35 7.40
16.98 17.08
6.17 6.21
8.50 8.55
2.53 2.55
2.40 2.41
1.95 1.96
{( /
0 e
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. I
TAX RATE FOR FISCAL YEAR 1998-99
SPECIAL DEVELOPMENT TAX - ONE-TIME
EXHIBIT 8
Page 2
PROPERTY TYPE
TAX RATE IMPROVEMENT AREA II:
RESIDENTIAL (PER DWELLING UNIT):
(90% of the maximum tax)
RL (0 - 1.5 DUIAC)
RLM (1.51 TO 4.0 DU/AC)
RM (4.1 TO 8.0 DU/AC)
RMH (8.1 TO 15.0 DU/AC)
RH (15.1 TO 23.0 DU/AC)
NON-RESIDENTIAL (PER SQ.FT.):
(700% offhe maximum tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBERlHARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE -COMMERCIAL (C 100,000 SF)
OFFICE -GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S&L-WALKIN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
FORMATION OR ANNEXATION DATE
MAY 7,1991. PI 1998-99 FY 1997-98 FY 1996-97 FY 1995-96 FY 1994-95 N 1993-94
$3,664.71
2,343.29 2,329.39 2,315.58 2,313.27 2,313.27 2,288.37 2,209.34
2,343.29 2,329.39 2,315.58 2,313.27 2,313.27 2,288.37 2,209.34
2,343.29 2,329.39 2,315.58 2,313.27 2,313.27 2,288.37 2,209.34
3,886.90 3,863.85 3,840.94 3,837.11 3,837.11 3,795.81 3,664.71
$3,886.90 $3,863.85 $3,840.94 $3,837.1 1 $3,837.11 $3,795.81
$3.07
2.51 2.50 2.48 2.48 2.48 2.45 2.37
2.84 2.82 2.80 2.80 2.80 2.77 2.68
3.58 3.56 3.54 3.54 3.54 3.50 3.38
2.51 2.50 2.48 2.48 2.48 2.45 2.37
4.13 4.1 1 4.08 4.08 4.08 4.04 3.90
2.08 2.07 2.06 2.06 2.06 2.03 1.96
2.88 2.87 2.85 2.85 2.85 2.82 2.72
2.41 2.40 2.38 2.38 2.38 2.35 2.27
1.78 1.77 1.76 1.76 1.76 1.74 1.68
7.59 7.55 7.50 7.49 7.49 7.41 7.16
2.03 2.02 2.00 2.00 2.00 1.98 1.91
1.78 1.77 1.76 1.76 1.76 1.74 1.68
2.18 2.1 7 2.16 2.16 2.16 2.13 2.06
5.62 5.59 5.55 5.55 5.55 5.49 5.30
3.19 3.17 3.15 3.15 3.15 3.11 3.00
6.44 6.40 6.37 6.36 6.36 6.29 6.07
5.18 5.15 5.12 5.1 1 5.1 1 5.06 4.88
2.84 2.82 2.80 2.80 2.80 2.77 2.68
1.78 1.77 1.76 1.76 1.76 1.74 1.68
$3.25 $3.24 $3.22 $3.21 $3.21 $3.18
1.60
2.15 2.14 2.13 2.12 2.12 2.10 2.03
3.92 3.90 3.87 3.87 3.87 3.83 3.69
3.41 3.39 3.37 3.37 3.37 3.33 3.22
5.33 5.30 5.26 5.26 5.26 5.20 5.02
3.48 3.46 3.44 3.44 3.44 3.40 3.28
8.54 8.49 8.44 8.43 8.43 8.34 8.05
2.23 2.22 2.20 2.20 2.20 2.18 2.10
1.81 1.80 1.79 1.79 1.79 1.77 1.71
2.62 2.61 2.59 2.59 2.59 2.56 2.47
8.18 8.13 8.08 8.07 8.07 7.98 7.71
2.33 2.32 2.30 2.30 2.30 2.28 2.20
2.07 2.06 2.05 2.05 2.05 2.02 1.95
2.1 2 2.10 2.09 2.09 2.09 2.07 2.00
1.97 1.96 I .95 1.95 1.95 1.92 1.86
2.56 2.54 2.53 2.52 2.52 2.50 2.41
2.32 2.31 2.29 2.29 2.29 2.27 2.1 9
4.97 4.94 4.91 4.90 4.90 4.85 4.68
1.78 1.77 1.76 1.76 1.76 1.74 1.68
3.22 3.20 3.18 3.18 3.18 3.1 5 3.04
2.14 2.13 2.1 1 2.1 1 2.11 2.09 2.02
1.70 1.69 1.68 1.68 1.68 1.66
1.53 1.58 1.60 1.60 1.60 1.61 1.62
1.51 1.56 1.58 - 1.58 1.58 1.59 1.60
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
TAX RATE AREA I1 EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1
ENGINEERING NEWS RECORD INFLATION RATE WAS 1.2%
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES
/