HomeMy WebLinkAbout19-01 TPFA Resolution RESOLUTION NO. TPFA 19-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY OF
FORMATION OF TEMECULA PUBLIC FINANCING
AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES), AUTHORIZING THE LEVY OF A
SPECIAL TAX WITHIN THE DISTRICT, PRELIMINARILY
ESTABLISHING AN APPROPRIATIONS LIMIT FOR THE
DISTRICT, SUBMITTING LEVY OF THE SPECIAL TAX AND
THE ESTABLISHMENT OF THE APPROPRIATIONS LIMIT
TO THE QUALIFIED ELECTORS OF THE DISTRICT, AND
PROVIDING FOR THE FUTURE ANNEXATION OF
TERRITORY TO THE DISTRICT
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. On November 13, 2018, this Board of Directors adopted a resolution
entitled "A Resolution of the Board of Directors of the Temecula Public Financing
Authority Acknowledging Receipt of a Deposit Relative to the Formation of a Community
Facilities District, and Declaring Its Intention to Establish the Community Facilities District
and to Authorize the Levy of Special Taxes Therein—Municipal Services"(the "Resolution
of Intention") stating its intention to form the Temecula Public Financing Authority
Community Facilities District No. 19-01 (Municipal Services) (the "District") pursuant to
the Mello-Roos Community Facilities Act of 1982, constituting Section 53311 et seq. of
the California Government Code (the "Law").
Section 2. The Resolution of Intention, incorporating by reference a map of the
proposed boundaries of the District, a description of the municipal services and related
administrative expenses eligible to be funded by the District (the "Services"), and the rate
and method of apportionment of the special tax to be levied within the District to pay the
costs of the Services is on file with the Secretary and the provisions thereof are
incorporated herein by this reference as if fully set forth herein.
Section 3. On this date, this Board of Directors held the public hearing as required
by the Law and the Resolution of Intention relative to the proposed formation of the District.
Section 4. At the hearing all interested persons desiring to be heard on all matters
pertaining to the formation of the District, the Services and the levy of the special tax were
heard and a full and fair hearing was held.
Section 5. At the hearing evidence was presented to this Board of Directors on
the matters before it, including a report by the Director of Public Works of the City of
Temecula (the "Report") as to the Services and the costs thereof, a copy of which is on
TPFA Resos 19-01 1
file with the Secretary, and this Board of Directors at the conclusion of the hearing was
fully advised regarding the District.
Section 6. Written protests with respect to the formation of the District and/or the
furnishing of the Services as described in the Report have not been filed with the
Secretary by fifty percent (50%) or more of the registered voters residing within the
territory of the District or the owners of one-half (1/2) or more of the area of land within
the District and not exempt from the special tax.
Section 7. The special tax proposed to be levied in the District to finance the
Services, as set forth in Exhibit B to the Resolution of Intention, has not been eliminated
by protest by fifty percent (50%) or more of the registered voters residing within the
territory of the District or the owners of one-half (1/2) or more of the area of land within
the District and not exempt from the special tax.
Section 8. On April 10, 2001, this Board of Directors adopted a resolution
approving Local Goals and Policies for Community Facilities Districts, and this Board of
Directors hereby finds and determines that the District is in conformity with said goals and
policies.
Section 9. All prior proceedings taken by this Board of Directors in connection with
the establishment of the District and the levy of the special tax have been duly considered
and are hereby found and determined to be valid and in conformity with the Law.
Section 10. The community facilities district designated "Temecula Public
Financing Authority Community Facilities District No. 19-01 (Municipal Services)" is
hereby established pursuant to the Law.
Section 11. The boundaries of the District, as described in the Resolution of
Intention and set forth in the boundary map of the District recorded on November 28, 2018
at 2:19 p.m. in the Riverside County Recorder's Office in Book 83 of Maps of Assessment
and Community Facilities Districts at Page 34(instrument no. 2018-0464323), are hereby
approved, are incorporated herein by this reference and shall be the boundaries of the
District.
Section 12. The Services are as described in Exhibit A to the Resolution of
Intention which Exhibit is by this reference incorporated herein. This Board of Directors
hereby finds that the Services are necessary to meet increased demands placed upon
local agencies as the result of development occurring in the District.
Section 13. Except to the extent that funds are otherwise available to the District
to pay for the Services, a special tax sufficient to pay the costs thereof, secured by
recordation of a continuing lien against all non-exempt real property in the District, will be
levied within the District and collected in the same manner as ordinary ad valorem
property taxes or in such other manner as this Board of Directors shall determine,
including direct billing of the affected property owners. The proposed rate and method of
TPFA Resos 19-01 2
apportionment of the special tax among the parcels of real property within the District, in
sufficient detail to allow each landowner within the proposed District to estimate the
maximum amount such owner will have to pay, are described in Exhibit B to the
Resolution of Intention which Exhibit is by this reference incorporated herein. This Board
of Directors hereby finds that the basis for the levy and apportionment of the special tax,
as set forth in the Rate and Method, is reasonable.
Section 14. The Treasurer of the Temecula Public Financing Authority, 41000
Main Street, Temecula, CA 92590, telephone number (951) 693-3945, is the officer of
the Authority that will be responsible for preparing annually and whenever otherwise
necessary a current roll of special tax levy obligations by assessor's parcel number and
which will be responsible for estimating future special tax levies pursuant to Section
53340.2 of the Law.
Section 15. Upon recordation of a notice of special tax lien pursuant to Section
3114.5 of the California Streets and Highways Code, a continuing lien to secure each levy
of the special tax shall attach to all nonexempt real property in the District and this lien
shall continue in force and effect until the lien is canceled in accordance with law or until
collection of the tax by the Authority ceases.
Section 16. In accordance with Section 53325.7 of the Law, the annual
appropriations limit, as defined by subdivision (h) of Section 8 of Article XIIIB of the
California Constitution, of the District is hereby preliminarily established in the initial
amount of $5,000,000 and said appropriations limit shall be submitted to the qualified
electors of the District as provided below. The proposition establishing the appropriations
limit shall become effective if approved by the qualified electors voting thereon and shall
be adjusted annually in accordance with the applicable provisions of Section 53325.7 of
the Law.
Section 17. Pursuant to the provisions of the Law, the proposition of the levy of
the special tax and the proposition of the establishment of the appropriations limit
specified above shall be submitted to the qualified electors of the District at an election,
the time, place and conditions of which election shall be as specified by a separate
resolution of this Board of Directors.
Section 18. All or any portion of the territory proposed for annexation to the District,
as described in Section 18 of the Resolution of Intention and on the map of the Boundaries
— Potential Annexation Area of the District recorded on November 28, 2018 at 2:19 p.m.
in the Riverside County Recorder's Office in Book 83 of Maps of Assessment and
Community Facilities Districts at page 35 (instrument no. 2018-0464324), may be
annexed to the District from time to time upon the unanimous approval of the owner or
owners of each parcel or parcels in the annexation area then to be annexed, without
additional hearings, as permitted by Section 53339.7(a) of the Law.
Section 19. The City Council hereby finds and determines that formation of the
District is not a project subject to the California Environmental Quality Act set forth in
TPFA Resos 19-01 3
Public Resource Code Sec. 21000 et seq. ("CEQA") and the CEQA Guidelines set forth
in 14 Cal. Code Regs. Sec. 15000 et seq. The direct effects of the formation of the District
and the adoption of this Resolution would not constitute a project as defined by CEQA
Section 21065 and CEQA Guidelines Sections 15378(b)(4) and (b)(5) because they
constitute: (a)the creation of government funding mechanisms or other government fiscal
activities, which do not involve any commitment to any specific project which may result
in a potentially significant physical impact on the environment; and (b) organizational or
administrative activities of governments that will not result in direct or indirect physical
changes in the environment. As a separate and independent ground, the formation of the
District and the adoption of this Resolution are exempt from the requirements of CEQA
and the CEQA Guidelines pursuant to Section 15061(b)(3) of the CEQA Guidelines
because it can be seen with certainty that there is no possibility that the adoption of this
Resolution will have a significant effect on the environment. The City Council therefore
hereby directs City staff to prepare and file a Notice of Exemption with the County Clerk
within five days of the adoption of this Resolution pursuant to Section 21080 of the Public
Resources Code and Section 15062 of the CEQA Guidelines.
Section 20. This Resolution shall take effect upon its adoption.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the
Temecula Public Financing Authority this 8th day of January, 2019.
is ael . agga Chair
ATTEST:
Ran ' , Secretary
[SEAL]
TPFA Resos 19-01 4
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Temecula Public Financing Authority, do hereby
certify that the foregoing Resolution No. TPFA 19-01 was duly and regularly adopted by
the Board of Directors of the Temecula Public Financing Authority at a meeting thereof
held on the 8th day of January, 2019, by the following vote:
AYES: 5 BOARD MEMBERS: Edwards, Rahn, Schwank, Stewart,
Naggar
NOES: 0 BOARD MEMBERS: None
ABSTAIN: 0 BOARD MEMBERS: None
ABSENT: 0 BOARD MEMBERS: None
Randi Johl, Secretary
TPFA Resos 19-01 5
EXHIBIT A
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES)
DESCRIPTION OF SERVICES
AND RELATED ADMINISTRATIVE EXPENSES
ELIGIBLE TO BE FUNDED BY THE DISTRICT
SERVICES
The services to be financed, in whole or in part, by the community facilities district (the "District")
include the following:
• Public safety services, including police protection, fire protection and suppression,
services,and ambulance and paramedic services.
• Maintenance of landscaping in public areas, public easements and public right of way,
such maintenance to include but not be limited to maintenance of planting areas,trees,
bio-retention filters, multipurpose trails, and the furnishing of water for irrigation.
• Maintenance of sidewalks in or near to the area of the District.
• Maintenance of public signage in or near the District.
• Maintenance of storm protection and drainage systems within or serving the area of
the District including but not limited to storm drain pipes, culverts, detention/desilting
basins, manholes, catch basins and drop inlets, cleanout of storm drains and catch
basin cleaning and inspection.
• Maintenance of streets and roadways within or in the vicinity of the District, including
but not limited to slurry, overlay, curbs and gutters, curb ramps, striping and street
sweeping.
• Maintenance of street lighting located within or in the vicinity of the District, including
but not limited to street lights, decorative lighting and pull box assemblies.
• Maintenance of traffic signals within and in the vicinity of the District, including but not
limited to electrical, LED replacement, maintenance and replacement.
• Maintenance and lighting of parks, parkways and open space.
• Graffiti removal from public improvements within and in the area of the District.
• Maintenance of water and sewer systems with an estimated useful life of five or more
years and serving the area in or in the general area of the District and owned by the
Temecula Public Financing Authority or by another local agency pursuant to a joint
community facilities agreement or a joint exercise of powers agreement adopted
pursuant to Section 53316.2 of the California Government Code.
A-1
The District may finance any of the following related to the services described above:the furnishing of
services and materials for the ordinary and usual maintenance, operation and servicing of the
improvements, including repair, removal or replacement of all or part of any of the improvements, the
furnishing of water for the irrigation and the furnishing of electric current or energy for any lights or
irrigation facilities,obtaining,constructing,furnishing,operating and maintaining equipment,apparatus
or facilities related to providing the services and/or equipment,apparatus,facilities or fixtures in areas
to be maintained, obtaining supplies or appurtenant facilities necessary for such maintenance, paying
the salaries and benefits of personnel necessary or convenient to provide the services, payment of
insurance costs and other related expenses and the provision of reserves for repairs and replacements
and for the future provision of services. It is expected that the services will be provided by the City of
Temecula (the "City"), either with its own employees or by contract with third parties, or any
combination thereof.
The services to be financed by the District are in addition to those provided in the territory of the District
before the date of creation of the District and will not supplant services already available within that
territory when the District is created.
ADMINISTRATIVE EXPENSES
The administrative expenses to be financed by the District include the direct and indirect expenses
incurred by the Authority and the City in carrying out their respective duties with respect to the District
(including, but not limited to, the levy and collection of the special taxes) including the fees and
expenses of attorneys, any fees of the County of Riverside related to the District or the collection of
special taxes, an allocable share of the salaries of the Authority and City staff directly related thereto
and a proportionate amount of the Authority's and the City's general administrative overhead related
thereto, any amounts paid by the Authority and the City from its respective general fund with respect
to the District or the services authorized to be financed by the District, and expenses incurred by the
Authority and the City in undertaking action to foreclose on properties for which the payment of special
taxes is delinquent, and all other costs and expenses of the Authority and City in any way related to
the District.
OTHER
The incidental expenses that may be financed by the District include, in addition to the administrative
expenses identified above, the payment or reimbursement to the Authority,the City and any owner of
land in the District of all costs associated with the establishment of the District.
A-2
EXHIBIT B
RATE AND METHOD OF APPORTIONMENT FOR
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES)
The following sets forth the Rate and Method of Apportionment for the levy and collection of
an Annual Special Tax in the Temecula Public Financing Authority ("Authority") Community Facilities
District No. 19-01 ("CFD No. 19-01"). An Annual Special Tax shall be levied and collected in CFD No.
19-01 each Fiscal Year, in an amount determined through the application of the Rate and Method of
Apportionment described below. All of the real property within CFD No. 19-01, unless exempted by
law or by the provisions hereof. shall be taxed for the purposes,to the extent,and in the manner herein
provided.
SECTION A
DEFINITIONS
The terms hereinafter set forth have the following meanings:
"Acre" or "Acreage" means the land area of an Assessor's Parcel as shown on an
Assessor's Parcel Map, or if the land area is not shown on the Assessor's Parcel Map, the land area
as shown on the applicable Final Map, or if the land area is not shown on the applicable Final Map.
the land area as calculated by the CFD Administrator or City engineer.
"Act" means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter
2.5, Part 1, Division 2 of Title 5 of the Government Code of the State of California.
"Administrative Expenses" means the actual or reasonably estimated costs directly related
to the formation. annexation, and administration of CFD No. 19-01, including but not limited to the
following:(i)the costs of computing the Special Tax and of preparing the annual Special Tax collection
schedule (whether by the CFD Administrator or designee thereof, or both): (ii) the costs of collecting
the Special Tax (whether by the County, the Authority. the City, or otherwise); (iii) the costs of
responding to property owner inquiries regarding the Special Tax; (iv) the costs of the Authority, the
City or designee related to any appeal of the Special Tax: (v)the costs of commencing and pursuing
to completion any foreclosure action arising from delinquent Special Taxes, (vi)the costs of preparing
required reporting obligations, and (vii) an allocable share of the salaries of the City staff and City
overhead expense directly relating to the foregoing. Administrative Expenses shall also include
amounts advanced by the City for any administrative purposes of CFD No. 19-01.
"Annual Special Tax" means for each Assessor's Parcel, the Special Tax actually levied in
a given Fiscal Year on any Assessor's Parcel of Taxable Property.
"Approved Property" means all Assessor's Parcels of Taxable Property other than Exempt
Property: (i) that are included in a Final Map that was recorded prior to the January 151 immediately
preceding the Fiscal Year in which the Special Tax is being levied, and (ii) that have not been issued
a Building Permit on or before the April 1st immediately preceding the Fiscal Year in which the Special
Tax is being levied.
"Assessor" means the County Assessor.
"Assessor's Parcel"means a lot or parcel of land designated on an Assessor's Parcel Map
with an assigned Assessor's Parcel Number located within the boundaries of CFD No. 19-01.
8-1
"Assessor's Parcel Map" means an official map of the Assessor designating parcels by
Assessor's Parcel Number.
"Assessor's Parcel Number" means that number assigned to a lot or parcel of land by the
Assessor for purposes of identification.
"Board of Directors" means the Board of Directors of the Authority, acting as the legislative
body of CFD No. 19-01, or its designee.
"Building Permit"means the first legal document issued by the City giving official permission
for new construction. For purposes of this definition, "Building Permit" may or may not include any
subsequent building permits issued or changed after the first issuance, as determined by the CFD
Administrator.
"Building Square Footage"or"BSF"means the square footage of assessable internal living
space, exclusive of garages or other structures not used as living space, as determined by reference
to the building permit application for such Assessor's Parcel and subject to verification by the CFD
Administrator.
"Calendar Year" means the period commencing January 1 of any year and ending the
following December 31.
"CFD No. 19-01" or "CFD" means Community Facilities District No. 19-01 (Municipal
Services)established by the Authority under the Act.
"CFD Administrator" means the Director of Finance of the City, or designee thereof,
responsible for, among other things, determining the Special Tax Requirement and providing for the
levy and collection of said Special Tax.
"City" means the City of Temecula, California.
"County" means the County of Riverside, California.
"Developed Property"means all Assessor's Parcels of Taxable Property that:(i)are included
in a Final Map that was recorded prior to January 1S' preceding the Fiscal Year in which the Special
Tax is levied, and (ii) a building permit was issued on or before April 1st preceding the Fiscal Year in
which the Special Tax is being levied.
"Exempt Property" means all Assessor's Parcels designated as being exempt from the
Special Tax provided for in Section D.
"Final Map" means a subdivision of property by recordation of a final map. parcel map, or lot
line adjustment, pursuant to the Subdivision map Act(California Government Code Section 66410 et
seq.) or recordation of a condominium plan pursuant to California Civil Code 4285 that creates
individual lots that do not need, and are not expected, to be further subdivided prior to the issue of a
Building Permit.
"Fiscal Year"means the period commencing July 1 of any year and ending the following June
30.
"Land Use Type" means Residential Property. Multifamily Residential Property, or Non-
Residential Property.
B-2
"Maximum Special Tax" means for each Assessor's Parcel of Taxable Property. the
maximum Special Tax,determined in accordance with Section C that can be levied in any Fiscal Year
on such Assessor's Parcel.
"Multifamily Residential Property" means all Assessor's Parcels of Developed Property for
which a building permit has been issued for the purpose of constructing a building or buildings
comprised of attached Units available for rental by the general public, not for sale to an end user, and
under common management, as determined by the CFD Administrator.
"Non-Residential Property" means all Assessor's Parcels of Developed Property for which
a Building Permit was issued for any type of non-residential use.
"Proportionately" means for Taxable Property that the ratio of the Annual Special Tax levy
to the Maximum Special Tax is equal for all applicable Assessor's Parcels.
"Residential Property" means all Assessor's Parcels of Developed Property for which a
Building Permit has been issued for purposes of constructing one or more residential dwelling Units,
which are not Multifamily Residential Property.
"Services" means services authorized to be funded by CFD No. 19-01.
"Special Tax(es)" means the Special Tax authorized to be levied on Taxable Property within
and by CFD No. 19-01 pursuant to the Act to fund the Special Tax Requirement.
"Special Tax Requirement" means, subject to the Maximum Special Tax, that amount to be
collected in any Fiscal Year to pay for the Services as otherwise required to meet the needs of CFD
No. 19-01. The costs include the costs for (i) the Services, and (ii) Administrative Expenses; less (iii)
a credit for funds available to reduce the Annual Special Tax levy, if any, as determined by the CFD
Administrator.
"Taxable Property" means all Assessor's Parcels within CFD No. 19-01, which are not
Exempt Property.
"Tax Zone"means a mutually exclusive geographic area.within which particular Special Tax
rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix B
identifies the Tax Zone in CFD No. 19-01 at formation; additional Tax Zones may be created when
property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as
Tax Zone 1.
"Temecula Public Financing Authority" or "Authority" or "PFA" means the Temecula
Public Financing Authority.
"Undeveloped Property" means all Assessor's Parcels of Taxable Property which are not
Developed Property, Approved Property, or Exempt Property.
"Unit" means any residential structure.
B-3
SECTION B
CLASSIFICATION OF ASSESSOR'S PARCELS
Each Fiscal Year,beginning with Fiscal Year 2019-20,each Assessor's Parcel within CFD No.
19-01 shall be classified as Taxable Property or Exempt Property. In addition,each Assessor's Parcel
of Taxable Property shall be further classified as Developed Property, Approved Property, or
Undeveloped Property. In addition, each Assessor's Parcel of Developed Property shall further be
classified as Residential Property, Multifamily Residential Property or Non-Residential Property.
SECTION C
MAXIMUM SPECIAL TAX
1. Developed Property
Each Fiscal Year, each Assessor's Parcel of Residential Property, Multifamily
Residential Property, and Non-Residential Property shall be subject to the Maximum Special
Tax. The Maximum Special Tax for each Assessor's Parcel of Taxable Property as shown in
Table 1 shall be specific to each Tax Zone within the CFD. When additional property is
annexed into CFD No. 19-01, the rate and method approved for the annexed property shall
reflect the Maximum Special Tax for the Tax Zones annexed and included in Appendix A.
The Maximum Special Tax for Fiscal Year 2019-2020 within Tax Zone 1 applicable to
an Assessor's Parcel of Developed Property shall be determined using Table 1 below.
TABLE 1
MAXIMUM SPECIAL TAX RATES
FOR DEVELOPED PROPERTY
Tax Maximum Annual Increase in
Zone Land Use Type Special Tax Maximum Special Tax
1 Residential Property $463.58 per Unit 5.6%
1 Multifamily Residential Property $11,256 per Acre 5.6%
1 Non-Residential Property $11,256 per Acre 5.6%
2. Approved Property
Each Fiscal Year, each Assessor's Parcel of Approved Property shall be subject to the
Maximum Special Tax. The Maximum Special Tax for each Assessor's Parcel of Approved
Property as shown in Table 2 shall be specific to each Tax Zone within the CFD. When
additional property is annexed into CFD No. 19-01, the rate and method approved for the
annexed property shall reflect the Maximum Special Tax for the Tax Zones annexed and
included in Appendix A.
B-4
The Maximum Special Tax applicable to an Assessor's Parcel of Approved Property
shall be determined using Table 2 below.
TABLE 2
MAXIMUM SPECIAL TAX RATES
FOR APPROVED PROPERTY
Tax Maximum Annual Increase in
Zone Land Use Type Special Tax Maximum Special Tax
1 Residential Property $463.58 per lot 5.6%
1 Multifamily Residential Property $11,256 per Acre 5.6%
1 Non-Residential Property $11,256 per Acre 5.6%
3. Undeveloped Property
No Special Tax shall be levied on Undeveloped Property.
4. Increase in the Maximum Special Tax
On each July 1, commencing July 1, 2020, the Maximum Special Tax shall be
increased by the percentages indicated above in Tables 1 and 2.
SECTION D
EXEMPT PROPERTY
The CFD Administrator shall classify as Exempt Property: (i) Assessor's Parcels which are
owned by, irrevocably offered for dedication, encumbered by or restricted in use by the State of
California, Federal or other local governments, including school districts, (ii)Assessor's Parcels which
are owned by,irrevocably offered for dedication,encumbered by or restricted in use by a homeowners'
association, or (iii) Assessor's Parcels with other types of public uses determined by the CFD
Administrator.
SECTION E
METHOD OF APPORTIONMENT OF THE ANNUAL SPECIAL TAX
Commencing with Fiscal Year 2019-20 and for each following Fiscal Year, the Authority shall
determine the Special Tax Requirement and shall levy the Special Tax on all Assessor's Parcels of
Taxable Property until the aggregate amount of the Special Tax equals the Special Tax Requirement.
The Special Tax shall be levied for each Fiscal Year as follows:
First:The Special Tax shall be levied Proportionately on each Assessor's Parcel of Developed
Property up to 100%of the applicable Maximum Special Tax to satisfy the Special Tax Requirement:
Second: If additional moneys are needed to satisfy the Special Tax Requirement after the first
step has been completed, the Special Tax shall be levied Proportionately on each Assessor's Parcel
of Approved Property at up to 100%of the Maximum Special Tax for Approved Property.
SECTION F
PREPAYMENT OF THE SPECIAL TAX
No prepayments of the Special Tax are permitted.
B-5
SECTION G
APPEALS AND INTERPRETATIONS
Any property owner claiming that the amount or application of the Annual Special Tax is not
correct may file a written notice of appeal with the CFD Administrator not later than twelve months
after having paid the first installment of the Special Tax that is disputed. The CFD Administrator of
CFD No. 19-01 shall promptly review the appeal, and if necessary, meet with the property owner,
consider written and oral evidence regarding the amount of the Annual Special Tax and rule on the
appeal. If the CFD Administrator's decision requires that the Annual Special Tax for an Assessor's
Parcel be modified or changed in favor of the property owner,a cash refund shall not be made, but an
adjustment shall be made to the Annual Special Tax on that Assessor's Parcel in the subsequent
Fiscal Year(s).
The Board of Directors may interpret this Rate and Method of Apportionment of the Annual
Special Tax for purposes of clarifying any ambiguity and make determinations relative to the amount
of Administrative Expenses.
SECTION H
TERM OF THE SPECIAL TAX
For each Fiscal Year, the Special Tax shall be levied in perpetuity as long as the municipal
Services are being provided.
SECTION I
MANNER OF COLLECTION
The Annual Special Tax shall be collected in the same manner and at the same time as
ordinary ad valorem property taxes; provided, however, that CFD No. 19-01 may collect the Annual
Special Tax at a different time or in a different manner if necessary to meet its financial obligations.
SECTION J
FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 19-01 from time to time.
As each annexation is proposed, an analysis will be prepared to determine the annual cost for
providing Services. Based on this analysis, the property to be annexed, pursuant to California
Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax
rate for the Tax Zone when annexed and included in Appendix A.
B-6
APPENDIX A
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES)
MAXIMUM SPECIAL TAXES ASSIGNED TO EACH TAX ZONE
Annual Increase
Tax I Year Maximum in Maximum
Zone Development Included Land Use Type Special Tax Special Tax
1 i Cypress Ridge 2018 Residential Property $463.58 per Unit 5.6%
1 Cypress Ridge 2018 Multifamily Residential Property $11,256 per Acre 5.6%
1 Cypress Ridge 2018 Non-Residential Property $11,256 per Acre 5.6%
Increase in the Maximum Special Tax
On each July 1, commencing July 1, 2020, the Maximum Special Tax shall be increased by
the percentages indicated in the table above.
B-7
APPENDIX B
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 19-01
(MUNICIPAL SERVICES)
PROPOSED BOUNDARIES
PROPOSED BOUNDARY MAP
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO 1941
(MUNICIPAL SERVICES).
COUNTY OF RIVERSIDE.STATE OF CALIFORNIA
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B-8
BOUNDARIES•POTENTIAL ANNEXATION AREA
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO 19-01(MUNICIPAL SERVICES
COUNTY OF RIVERSIDE STATE OF CALIFORNIA
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B-9