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HomeMy WebLinkAboutitem #5 attachment 8-13-15 Virginia Bloom From: Grant Yates Sent: Tuesday, August 13, 2013 7:47 AM To: Virginia Bloom Subject: Fwd: Agenda Item 5 - Tuesday 8/13/2013 Please table this item to another date Can you do this? I am trying to keep distance from these folks. Sent from my iPhone Begin forwarded message: From: MICHAEL AND PAULIE <greatf ill@msn.com> Date: August 13, 2013, 6:46:07 AM PDT To: Grant Yates <gyatesgLake- Elsinore.oM> Subject: FW: Agenda Item 5 - Tuesday 8/13/2013 Please table this item to another date Mr. Yates, Please read this email during the meeting as our objection to Agenda Item No. 5, REFERENCE Agenda Item 5 (link below) http://www.lake- elsinore.org/index.aspx?recordid=2247&page=492 Dear Mayor and Council: We understand Castle & Cooke wanting to sell land in 2005 -B and believe the City should make it a mandatory part of the approval that Castle & Cook buy down ALL CFD2005 -A bonds (for all the houses and land) to meet the new proposed rates for 2005 -B. This would be the only fair and responsible action the City Council should take and we believe this issue should be tabled to a future date until this is part of the deal. We would like to remind you that last year the City looked at refunding the bond for CFD2005 -A and it was determined at that time we are at the best rate we can get, so refunding is not an option. The CFD rate in Alberhill Ranch was established at the same rate for all of Alberhill Ranch and we believe it should remain the same and /or the builder or their prospective buyer can pay all bonds in CFD2005 -A down to be equal to the proposed rates in 2005 -B. We don't mean to sound unreasonable but put yourselves in our shoes. Some of us paid extremely high market values in Alberhill Ranch for our homes over $600k and we are paying CFD taxes on that amount. Some of us are paying approximately $6,000.00 a year in taxes for CFD2005 -A. The proposed rate for CFD2005 -B would be $2,100.00 a year for the same house. The price of many of our homes have plummeted and will take a real nose dive if you approve this proposed reduction in taxes for CFD2005 -B.