HomeMy WebLinkAboutAnnex No. 22 - CFD 2006-5CITY OF
LADE L, INO E
DREAM EXTREME
V ._
CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2006-5
(PARKS, OPEN SPACE AND STORM DRAIN
MAINTENANCE)
ANNEXATION NO 4 (LA LAGUNA)
Community Facilities District Report
Prepared by:
Francisco & Associates, Inc.
March 27, 2012 5927 Balfour Court, Suite 109
Carlsbad, CA 92008 `
Annexation No. 4 to the City of Lake Elsinore Page i
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
COMMUNITY FACILITIES DISTRICT REPORT
Table of Contents
Introduction........................................................................................... ............................Pg. ii
Part I Description of District Annexation No. 4, Boundary Map ...................Pg. I
Part II Description of Services ..................................................... ............................Pg. 2
Part III Cost Estimate ................................................................... ............................... Pg. 3
Exhibit A - Rate and Method of Apportionment
Exhibit B - Proposed Boundary Map
Exhibit C - Property Owner List
Annexation No. 4 to the City of Lake Elsinore Page ii
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
COMMUNITY FACILITIES DISTRICT REPORT
Introduction
The City of Lake Elsinore desires to establish Annexation No. 4 to Community Facilities District No.
2006 -5 (the "District Annexation No. 4 ") for the purpose of funding the ongoing operation and
maintenance of parks, opens space and storm drain maintenance.
The City of Lake Elsinore has ordered the preparation of a report describing the proposed facilities
and services to be financed by the District Annexation No. 4 if it is formed.
The proceedings will be conducted in accordance with the 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 (the "Act "). The report is to be prepared by, or under the direction of,
the City Manager and other such officers responsible for providing the facilities and services to be
financed by the proposed District Annexation No. 4. The report is to be prepared in accordance
with Section 53321.5 of the Act and shall include:
The report is to be prepared in accordance with Section 53321.5 of the Act and shall include:
A description of the public facilities to be maintained and serviced, by type,
which will be required to adequately meet the needs of the District
Annexation No. 4.
I, Jerome Fournier, authorized representative of Francisco & Associates, Inc., on behalf of the
responsible officer(s) directed to prepare the report for said District Annexation No. 4, hereby
submit the following report consisting of three (3) parts.
Part I A description of the proposed District Annexation No. 4 and a diagram of the
proposed boundaries.
Part Il A description of the proposed services.
Part III A cost estimate of the proposed services.
Jerome Fournier
Principal
Francisco & Associates, Inc.
Annexation No. 4 to the City of Lake Elsinore
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
COMMUNITY FACILITIES DISTRICT REPORT
PART
Description of District Annexation No. 4, Boundary Map
Page 1
The proposed boundaries of District Annexation No. 4 to the City of Lake Elsinore Community
Facilities District No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance) are as depicted on
the Boundary Map, on file in the office of the City Clerk. A reduced copy is provided in Exhibit `B ".
The Assessor's parcels, shown below, define the District Annexation No. 4 boundary. The
description of each lot or parcel within the District Annexation No. 4 is part of the records of the
Assessor of the County of Riverside and these records are, by reference, made part of this Report.
List of Assessor's Parcel Numbers
APN
Property Owner
Acreage
391 - 810 -005
K. Hovnanian at La Laguna, LLC
41.770
391 - 820 -002
K. Hovnanian at Communities, Inc.
16.080
57.850
Annexation No. 4 to the City of Lake Elsinore Page 2
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
COMMUNITY FACILITIES DISTRICT REPORT
PART II
Description of Services
The cost of the Services shall include incidental expenses, including the costs associated with
forming the District Annexation No. 4, determination of the amount of the Special Tax, collection of
the Special Tax, costs incurred in order to carry out the authorized purposes of the District
Annexation No. 4 and any other expenses incidental to the completion and inspection of the
authorized work.
Services
The services are the operation and maintenance of parks, open space and storm drain maintenance.
Operation means the administration and performance of duties required of parks, open space and
storm drain maintenance personnel.
Maintenance means the furnishing of services and materials for the ordinary and usual maintenance and
operation of parks, open space and storm drain maintenance facilities and equipment.
Annexation No. 4 to the City of Lake Elsinore Page 3
CFD No. 2006 -5 (Parks, Open Space and Storm Drain Maintenance)
COMMUNITY FACILITIES DISTRICT REPORT
PART III
Cost Estimate
A cost estimate of the fair and reasonable cost of the proposed services and incidental expenses in
connection with said services, including the cost of proposed financing and all other related costs is
shown below:
The estimated FY 2012 -13 costs to provide parks, open space and storm drain maintenance services
are estimated at $333.00 per single - family residence, $166.50 per multi - family unit and $750.00 per
acre of non - residential property for fiscal year 2012 -13. The maximum FY 2012 -13 special tax levy,
pursuant to the approval of this annexation, is $277.98 per single - family residence.
FY 2012 -13 Estimated Annual Cost
Park, Open Space &t Storm Drain Maintence $36,643
FY 2012 -13 Estimated Revenue
Estimated Existing Property Tax and Other $6,065
CFD No. 2006 -5 Special Tax $30,578
$36,643
Note: Estimate assumes building permits will be issued
for all residential units on or prior to May 1, 2012
City of Lake Elsinore EXHIBIT "A" Page A -1
EXHIBIT A
Rate and Method of Apportionment of Special Taxes
City of Lake Elsinore
Community Facilities District No. 2006 -5
(Parks, Open Space and Storm Drain Maintenance)
Approved by City Council May 9, 2006
By Resolution 2006 -5
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City of Lake Elsinore EXHIBIT "A" Page A -2
CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2006-5
(PARKS, OPEN SPACE AND STORM DRAIN MAINTENANCE)
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
Introduction
Special taxes shall be annually levied on all Developed Residential Property and Developed Multi -
Family Property (as hereinafter defined) in City of Lake Elsinore Community Facilities District No.
2006 -5 (Parks, Open Space and Storm Drain Maintenance) (the "District "), in accordance with the
rate and method of apportionment of special taxes hereinafter set forth.
Definitions
"Assessor's Parcel" means a parcel of land in the District designated and assigned a discrete
identifying number on a map of the County Assessor of the County of Riverside.
"City" means the City of Lake Elsinore, California.
"Developed Multifamily Unit" means a residential dwelling unit within a building in which each of
the individual dwelling units has or shall have at least one common wall with another dwelling unit
and a building permit has been issued by the City for such dwelling unit on or prior to May 1
preceding the Fiscal Year in which the Special Tax is being levied.
"Developed Non - Residential Property" means all Assessor's Parcels for which a building permit
was issued by the City for any type of non - residential use on or prior to May 1 preceding the Fiscal
Year in which the Special Tax is being levied.
"Developed Single Family Unit" means a residential dwelling unit other than a Developed
Multifamily Unit on an Assessor's Parcel for which a building permit has been issued by the City on
or prior to May 1 preceding the Fiscal Year in which the Special Tax is being levied.
"Fiscal Year" means the period beginning on July 1 and ending on the following June 30.
"Maximum Special Tax" means the maximum Special Tax that can be levied by CFD No. 2006 -5 in
any Fiscal Year on any Assessor's Parcel.
"Operating Fund" means a fund that shall be maintained for CFD No. 2006 -5 for any Fiscal Year to
pay for the actual costs of maintenance related to the Service Area, and the applicable Administrative
Expenses.
"Operating Fund Balance" means the amount of funds in the Operating Fund at the end of the
preceding Fiscal Year.
"Service Area" means parks, open space, and storm drains.
"Special Tax" means any of the special taxes authorized to be levied within CFD No. 2006 -5
pursuant to the Act to fund the Special Tax Requirement.
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City of Lake Elsinore EXHIBIT "A" Page A -3
"Special Tax Requirement" means the amount determined in any Fiscal Year for CFD No. 2006 -5
equal to (i) the budgeted costs directly related to the Service Area, including maintenance, repair
and replacement of certain components of the Service Area which have been accepted and
maintained or are reasonably expected to be accepted and maintained during the current Fiscal Year,
(ii) Administrative Expenses, and (iii) anticipated delinquent Special Taxes based on the
delinquency rate in CFD No. 2006 -5 for the previous Fiscal Year, less (iv) the Operating Fund
Balance, as determined by the CFD Administrator.
"Unit" means each separate residential dwelling unit, which comprises an independent facility
capable of conveyance or use separate from adjacent dwelling units.
Rate and Method of Apportionment of the Special Tax
Commencing Fiscal Year 2005 -2006 and for each subsequent Fiscal Year, the City
Council shall levy Special Taxes on (i) all Assessor's Parcels containing a Developed Single
Family Unit or Developed Multifamily Unit and (ii) all Assessor's Parcels of Non - Residential
Property, up to the applicable Maximum Special Tax to fund the Special Tax Requirement.
The Maximum Special Tax for Fiscal Year 2005 -2006 shall be $242 per Developed Single
Family Unit, $121 per Developed Multifamily Unit, and $545 per Acre for each Assessor's Parcel
of Non - Residential Property.
On each July 1, commencing July 1, 2006, the Maximum Special Tax shall be increased by two
percent (2.00 %) of the amount in effect in the prior Fiscal Year.
Duration of the Special Tax
The Special Tax shall be levied in perpetuity to fund the Special Tax Requirement, unless
no longer required as determined at the sole discretion of the City Council.
Collection of the Special Tax
The 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. 2006 -5 may collect the Special Tax at a
different time or in a different manner if necessary to meet its funding requirements.
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EXHIBIT `B"
Exhibit B
City of Lake Elsinore
Community Facilities District No. 2006 -5
(Parks, Open Space and Storm Drain Maintenance)
Annexation No. 4 (La Laguna)
Proposed
Boundary Map
Reduced copy of original on file with the City Clerk
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Page B -1
Reference Assessor
Number Parcel Number
1 391 - 810 -005
2 391 - 820 -002
CITY OF LAKE ELSINORE
VICINTY MAP:
(Not to scale)
ANNEXATION MAP NO. 4 OF
COMMUNITY FACILITIES DISTRICT NO. 2006 -5
(PARKS, OPEN SPACE AND STORM DRAIN MAINTENANCE
OF THE CITY OF LAKE ELSINORE
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
ROJECT
DCATION
PREPARED BY FRANCISCO & ASSOCIATES, INC.
FILED IN THE OFFICE OF THE
OF LAKE ELSINORE THIS
2012.
SHEET 1 of 1
CITY CLERK OF THE CITY
DAY OF
CITY CLERK OF THE CITY OF LAKE ELSINORE
I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING
PROPOSED BOUNDARIES OF COMMUNITY FACILITIES
DISTRICT NO. 2006 -5, ANNEXATION NO. 4, CITY OF LAKE
ELSINORE, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, WAS APPROVED BY THE CITY COUNCIL
OF THE CITY OF LAKE ELSINORE, AT A REGULAR
MEETING THEREOF, HELD ON THE DAY OF
20121 BY ITS RESOLUTION NO.
CITY CLERK OF THE CITY OF LAKE ELSINORE
FILED THIS DAY OF , 20127 AT
THE HOUR OF O'CLOCK M IN BOOK
OF MAPS OF ASSESSMENT AND COMMUNITY FACILITIES
DISTRICTS AT PAGE , DOCUMENT NO.
IN THE OFFICE OF THE COUNTY RECORDER IN
RIVERSIDE COUNTY, STATE OF CALIFORNIA.
COUNTY RECORDER OF THE COUNTY OF RIVERSIDE
THIS MAP CROSS - REFERENCES THE MAP ENTITLED
"PROPOSED BOUNDARY OF COMMUNITY FACILITIES
DISTRICT No. 2006 -5 OF THE CITY OF LAKE ELSINORE
(PARKS, OPEN SPACE AND STORM DRAIN MAINTENANCE),
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA", RECORDED
LEGEND AT BOOK 66 OF MAPS OF ASSESSMENT AND COMMUNITY
FACILITIES DISTRICT AT PAGES 42 THROUGH 43, ON MAY 1,
AGEATION NO. 4 BOUNDARY 2006 AS INSTRUMENT NO. 2006 - 0315308 IN THE OFFICE OF
SUBDIVISION TRAC T 32337 THE COUNTY RECORDER IN THE COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA.
PARCELS WITHIN ANNEXATION
NO. 4 OF CED 2006 -5
FOR PARTICULARS OF LINES AND DIMENSIONS OF
Reference Number PARCELS, REFERENCE IS MADE TO THE ASSESSOR
PARCEL NUMBERS OF RIVERSIDE COUNTY.
NALake Elsinore\FY1 1-1 2\CFD 2006 -5 \Annexation No. 4 \La Laguna Tract 32337\ Diagrams\ cfd2006- 5_anx4_diagram(01- 31- 12).pdf
Exhibit C
EXHIBIT C
PROPERTY OWNER NAME AND ASSESSOR'S TAX PARCEL NUMBER
APN
Property Owner
Acreage
391 - 810 -005
K. Hovnanian at La Laguna, LLC
41.770
391 - 820 -002
K. Hovnanian at Communities, Inc.
16.080
57.850
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