HomeMy WebLinkAboutCity Council Meeting 01/10/2012 Agenda Item 4 Annual Special Tax Levy Report CITY
LAKE 5LSINORE
K
DREAM EXTREME,
REPORT TO CITY COUNCIL
TO: HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL
FROM: ROBERT A. BRADY
CITY MANAGER
DATE: JANUARY 10, 2012
SUBJECT: RECEIVE AND FILE THE ANNUAL SPECIAL TAX LEVY REPORT FOR
THE CITY'S COMMUNITY FACILITIES DISTRICTS FOR FY 2011 -12
Background
The Mello -Roos Community Facilities Act of 1982 requires that an annual special tax
levy report be prepared for each Community Facilities District (CFD). This report must
detail the special taxes that are levied within a CFD and any construction activity at the
time the report is prepared.
Discussion
An Annual Special Tax Levy Report for FY 2011 -12 has been prepared for the following
CFDs:
CFD No. 88 -3 (West Lake Elsinore Public Improvements)
CFD No. 90 -2 (Tuscany Hills Public Improvements)
CFD No. 95 -1 (Lake Elsinore City Center Public Improvements)
CFD No. 98 -1 (Summerhill Public Improvements)
CFD No. 2003 -1 / CFD No. 2007 -1 (Law Enforcement, Fire and Paramedic Services)
CFD No. 2003 -2 (Canyon Hills)
CFD No. 2004 -3 (Rosetta Canyon)
CFD No. 2005 -1 (Serenity)
CFD No. 2005 -2 (Alberhill Ranch)
CFD No. 2005 -4 (Lakeview Villas)
CFD No. 2005 -5 (Wasson Canyon)
CFD No. 2005 -6 (City Center Townhomes)
CFD No. 2006 -1 (Summerly)
CFD No. 2006 -2 (Viscaya)
CFD No. 2006 -3 (La Strada)
AGENDA ITEM NO. 4
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CFD Annual Special Tax Levy Report, FY 2011 -12
January 10, 2012
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CFD No. 2006 -4 (Tracts 30698 & 32129)
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
CFD No. 2006 -6 (Tessera)
CFD No. 2006 -8 (Running Deer Estates)
CFD No. 2006 -9 (Trieste)
CFD No. 2006 -10 (Riverlake Villas)
CFD No. 2007 -4 (Makenna Court)
CFD No. 2007 -5 (Red Kite)
CFD No. 2007 -6 (Holiday Inn Express)
CFD No. 2009 -1 (Parks, Open Space and Street Light Maintenance)
Fiscal Impact
Annual administrative expenses are funded through the annual special tax levy.
Repayment of the bonds and payment of services taxes are secured by the special
taxes levied on all property within each CFD, other than those properties that are
exempt as provided in the respective rate and method of apportionment of special
taxes.
Recommendations
1. It is recommended that City Council receive and file this report.
Prepared by: James R. Ri1:0
Director of Ad Fr trative Services
Approved by: Robert A. Brad
City Manager
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