HomeMy WebLinkAbout0003_3_B - AgreementCOMPENSATION AGREEMENT PURSUANT TO HEALTH AND
SAFETY CODE SECTION 34180(f) FOR LAKE ELSINORE
SUCCESSOR AGENCY TRANSFER OF PROPERTIES TO CITY
OF LAKE ELSINORE FOR FUTURE REDEVELOPMENT
ACTIVITY
This Agreement, dated for reference purposes as of ______________, 2016, is
entered into by and among the City of Lake Elsinore, the County of Riverside, the
Riverside County Library System, the County of Riverside Flood Control and Water
Conservation District, the County of Riverside Fire Department, the Riverside County
Office of Education, the Riverside County Parks District, Mt. San Jacinto College,
Elsinore Valley Cemetery District, Elsinore Valley Municipal Water District, Western
Municipal Water District of Riverside County, Riverside Corona Resource Conservation
District, and the Lake Elsinore Unified School District, on the basis of the following
facts, understandings, and intentions of the Parties:
RECITALS
A.These Recitals refer to and utilize certain capitalized terms which are
defined in Section 1 of this Agreement. The Parties intend to refer to those definitions in
connection with the use thereof in this Agreement.
B.Pursuant to the Redevelopment Dissolution Statutes, the Former RDA was
dissolved as of February 1, 2012, and the Successor Agency became responsible for
paying its enforceable obligations, disposing of its properties and other assets, and
unwinding the affairs of the Former RDA.
C.Accordingly, ownership of the Former RDA’s Properties that had been
acquired to implement the Redevelopment Plans of the Former RDA transferred to the
Successor Agency for disposition in accordance with the Redevelopment Dissolution
Statutes.
D.The Successor Agency received a “Finding of Completion” from DOF on
April 26, 2013, confirming that the Successor Agency had made specified required
payments under the Redevelopment Dissolution Statutes, and entitling the Successor
Agency to prepare and submit a Long-Range Property Management Plan (the “LRPMP”,
as further defined in Section 1) to the Oversight Board and the DOF for approval.
E.The Successor Agency initially prepared and obtained Oversight Board
approval of its LRPMP in 20 , calling for certain Properties to be
transferred by the Successor Agency to the City for future disposition by the City and
development by selected Developers to implement projects identified in the
Redevelopment Plan.
F.Notwithstanding the timely submittal of the LRPMP, the LRPMP was not
approved by December 31, 2015, the statutory deadline for approval of a LRPMP.
Accordingly, on January , 2016, DOF issued a letter specifying that the Successor
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Agency must dispose of its Properties in accordance with Health and safety Code
Sections 34177(e) and 34181(a).
G.For properties to be transferred to the City for future development, Health
& Safety Code Section Code 34180(f) requires execution of a compensation agreement
among the City and the Taxing Entities providing for specified proceeds of the City’s
subsequent disposition of the properties to be distributed to the Taxing Entities in
accordance with their proportional shares of the base property tax revenues.
H.City and the Taxing Entities desire to enter into this Agreement to provide
for the distribution of net proceeds upon the sale of the properties transferred to the City
for future development.
I.The Parties desire to enter into this Agreement to provide for the execution
of an appropriate compensation agreement in accordance with Health and Safety Code
Section 34180(f).
NOW, THEREFORE, the Parties agree as follows:
Section 1.Definitions. The following definitions shall apply in this
Agreement:
(a)“Agreement” means this Compensation Agreement Pursuant To
Health and Safety Code Section 34180(f) Regarding Lake Elsinore Successor Agency
Transfer of Properties to City of Lake Elsinore For Future Redevelopment Activity, as
may be amended from time to time.
(b)“Applicable Fiscal Year” means each Fiscal Year of the City in
which the City receives Interim Municipal Use Annual Operating Proceeds from an
Interim Municipal Use of one or more of the Properties, as more fully described in
Section 7.
(c)“Applicable Shares” has the meaning given in Section 6(a).
(d)“Auditor-Controller” means the Riverside County Auditor-
Controller.
(e)“City” means the City of Lake Elsinore.
(f)“DDA” means, with respect to each Property, the disposition and
development agreement between the City and a Developer for that Property.
(g)“Developer” means, with respect to each Property, the developer to
which the City disposes of that Property pursuant to a DDA.
(h)“Disposition Proceeds” means, with respect to each Property, the
gross purchase price and other compensation, if any, actually received by the City from
the Developer in consideration for the disposition of the Property pursuant to the DDA,
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less the sum of the City’s actual costs for the following items (but only to the extent paid
from City funds and not from funds provided by the Successor Agency, a Developer, or
another separate entity), each to be documented in reasonable detail in the Disposition
Proceeds Statement for the Property:
(1)the City’s actual, reasonable costs for normal maintenance,
management and insurance of the applicable Property from the date the Property is
transferred by the Successor Agency to the City pursuant to Section 4 to the date the
Property is disposed of by the City to the Developer pursuant to the DDA; plus
(2)the City’s actual costs of any capital improvements or
repairs to maintain the Property in a safe and lawful condition incurred from the date the
Property is transferred by the Successor Agency to the City pursuant to Section 4 to the
date the Property is disposed of by the City to the Developer pursuant to the DDA;
(3)the City’s actual costs of site preparation, including
hazardous materials remediation and pollution legal liability insurance premiums, if any,
required to be paid by the City under the DDA for the applicable Property to prepare the
Property for disposition; plus
(4)the City’s actual, reasonable costs to pay third party
vendors for appraisal, legal, real estate consultant and marketing, title company, title
insurance and other costs related to Developer selection, DDA preparation and approval,
and closing costs for disposition of the Property; plus
(5)any broker’s commissions payable by the City pursuant to
the DDA for the Property.
(i)“Disposition Proceeds Receipt Date” means, with respect to each
Property, the date on which the City receives the proceeds from the disposition of that
Property to the Developer pursuant to the DDA.
(j)“Disposition Proceeds Statement” means, with respect to each
Property, the statement prepared by the City and delivered to the Taxing Entities in
accordance with Section 5(b).
(k)“DOF” means the California Department of Finance.
(l)“Effective Date” has the meaning given in Section 2.
(m)“ERAF” means the Educational Revenue Augmentation Fund
maintained by the Auditor-Controller.
(n)“Fiscal Year” means the fiscal year of the City in effect from time
to time. The current Fiscal Year period of the City commences on July 1 of each calendar
year and ends on the following June 30.
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(o)“Former RDA” means the Redevelopment Agency of the City of
Lake Elsinore.
(p)“Interim Municipal Use” means an interim use by the City of a
Property, such as for pocket parks, landscape features, bus shelters, parking lots available
for community events, and others similar uses.
(q)“Interim Municipal Use Annual Operating Proceeds” means, for
each Applicable Fiscal Year, the gross revenue actually received by the City from Interim
Municipal Use of the Properties, as documented in reasonable detail in the Operating
Proceeds Statement for the Applicable Fiscal Year.
(r)“LRPMP” means the Long-Range Property Management Plan of
the Successor Agency.
(s)“Operating Proceeds Statement” means, with respect to each
Applicable Fiscal Year, the statement prepared by the City and delivered to the Taxing
Entities in accordance with Section 7(c).
(t)“Oversight Board” means the Successor Agency’s oversight board
established and acting in accordance with the Redevelopment Dissolution Statutes.
(u)“Parties” means all of the parties to this Agreement as set forth in
the opening paragraph of this Agreement. “Party” means one of the Parties individually.
(v)“Properties” mean collectively, the following three parcels of real
property that are owned by the Successor Agency and that are subject to the terms of the
LRPMP and this Agreement, each as more fully described in the LRPMP:
(1)“Property 1”: an approximately 6.1 acre property located
between Historic Downtown and Lake Elsinore within the area of the Project Area
(consisting of five (5) parcels identified as APNs 374-271-003, 004, 007, 013 and 015);
(2)“Property 2”: an approximately 2.15 acre property located
at Silver and Minthorn, known as APN 377-180-037 and located in the
area of the Project Area; and
Each of the above Properties is referred to individually as a “Property”.
(w)“Redevelopment Dissolution Statutes” means collectively ABxl 26
enacted in June 2011, and AB 1484 enacted in June 2012.
(x)“Redevelopment Plan” means the Consolidated Amended and
Restated Redevelopment Plan for the Lake Elsinore Merged Redevelopment Project
adopted by the City Council of the City by Ordinance No. 5-2010 on March 16, 2010.
(y)“Successor Agency” means the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore”.
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(z)“Taxing Entities” means, collectively, the following entities that
comprise affected taxing entities for purposes of the Redevelopment Dissolution Statutes:
the County of Riverside, the Riverside County Library System, the County of Riverside
Flood Control and Water Conservation District, the County of Riverside Fire
Department, the Riverside County Office of Education, the Riverside County Parks
District, Mt. San Jacinto College, Elsinore Valley Cemetery District, Elsinore Valley
Municipal Water District, Western Municipal Water District of Riverside County,
Riverside Corona Resource Conservation District, and the Lake Elsinore Unified School
District.
Section 2.Effectiveness of Agreement. This Agreement shall become
effective only upon satisfaction of the following conditions:
(a)Approval of this Agreement by the City and direction by the City
Council to execute and implement this Agreement pursuant to Health and Safety Code
Section 34180(f) (the “City Action”); and
(b)Approval of this Agreement by the Oversight Board to the
Successor Agency; and
(c)Notification to the DOF of the Oversight Board action and
effectiveness of the Oversight Board action in accordance with the provisions of Health
and Safety Code Section 34179(h).
Promptly following the effectiveness of this Agreement, the City and the
Successor Agency shall transmit notice to all the other Parties that the Agreement is
effective and specifying the date the Agreement became effective (the “Effective Date”).
Section 3.Signatories With Respect To Certain Funds.
(a)Flood Control District Funds. The County of Riverside Flood
Control and Water Conservation District (the “Flood Control District”) administers the
following special funds, and, in addition to entering into this Agreement for the Flood
Control District itself, is authorized to, and has entered into and executed this Agreement
on behalf of the following:
Flood Control Administration; and
Flood Control Zone 3.
(b)County Superintendent Funds. The Western Municipal Water
District of Riverside County administers the following special funds, and, in addition to
entering into this Agreement for itself, is authorized to, and has entered into and executed
this Agreement on behalf of the following:
WESTERN MUNICIPAL WATER; and
WESTERN MUNICIPAL WATER 1ST FRINGE.
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(c)Lake Elsinore Unified School District. The Lake Elsinore Unified
School District administers the following special funds, and, in addition to entering into
this Agreement for itself, is authorized to, and has entered into and executed this
Agreement on behalf of the following:
LAKE ELSINORE UNIFIED SCHOOL DISTRICT; and
ELSINORE AREA ELEMENTARY SCHOOL FUND.
Section 4.Conveyance of Properties To City. Promptly following the
Effective Date, and in consideration for the distributions to the Taxing Entities by the
City through the Auditor-Controller set forth in Section 6, the Successor Agency shall
convey, and the City shall accept, all of the interest in and to the Properties (subject to the
special provisions regarding the conveyance of the Properties). The Successor Agency
shall convey the Properties by grant deed in form reasonably acceptable to the Successor
Agency and the City.
Section 5.Disposition of Properties By City. Within a time frame determined
by the City to yield a financially feasible and marketable development, the City shall use
diligent good faith efforts to select a Developer for each Property, negotiate and obtain
approval and execution of the DDA for each Property, and dispose of each Property to
the Developer in accordance with the applicable DDA. City shall obtain the Disposition
Proceeds for distribution through the Auditor-Controller to the Taxing Entities pursuant
to Section 6 and to enable development of each Property in accordance with the
Redevelopment Plan. As required by Government Code Section 52201, the purchase
price payable to the City for each Property under the applicable DDA shall be an amount
that is determined to be not less than the Property’s fair market value at highest and best
use, or the Property’s fair reuse value at the use and with the covenants and conditions
and development costs authorized by the applicable DDA.
With respect to Property 1 and Property 2, by not later than the date of first
published notice of the City Council public hearing for the applicable DDA (the “DDA
Public Hearing Notice”), the City shall provide each Taxing Entity with a copy of the
DDA Public Hearing Notice (including the date, time and location of the public hearing
and the location at which the proposed DDA may be inspected and copied), and a
statement setting forth the proposed purchase price to be paid to the City under the
proposed DDA.
Upon the execution of the DDA for each Property, the City shall transmit a copy
of the executed DDA to the other Parties.
Section 6.Compensation To Taxing Entities Related To Disposition
Proceeds.
(a)Distribution of Disposition Proceeds. Within fifteen (15) days
after the Disposition Proceeds Receipt Date with respect to each Property, the City shall
remit the Disposition Proceeds for that Property to the Auditor-Controller for subsequent
distribution by the Auditor-Controller among the Taxing Entities in proportion to their
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shares of the base property tax (the “Applicable Shares”), as determined by the Auditor-
Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit B
shows, for illustrative purposes only, the Applicable Shares of the Taxing Entities that
would have applied to a distribution under this Section 6 had the distribution been made
on June 1, 2016, as provided by the Auditor-Controller.
(b)Accounting Requirements. At the time of each distribution
pursuant to subsection (a), the City shall provide to the Taxing Entities and the Auditor-
Controller a statement prepared in accordance with sound accounting practice that
provides the City’s calculation of the Disposition Proceeds (the “Disposition Proceeds
Statement”). The City shall keep complete, accurate and appropriate books and records of
its calculation of the Disposition Proceeds with respect to each distribution. The Auditor-
Controller shall have the right, on behalf of the Taxing Entities and upon reasonable
written notice to City, to audit and examine such books, records and documents and other
relevant items in the possession of City, but only to the extent necessary for a proper
determination of Disposition Proceeds.
Section 7.Compensation To Taxing Entities Related To Interim Municipal
Use Annual Operating Proceeds.
(a)Applicability. The provisions of this Section 7 shall apply for each
Fiscal Year in which one or more of the Properties is used for an Interim Municipal Use
and generates Interim Municipal Use Annual Operating Proceeds to the City (each, an
“Applicable Fiscal Year”). Nothing in this Agreement shall obligate the City to charge
any fees or other amounts or to collect any revenues with respect to an Interim Municipal
Use of any of the Properties.
(b)Distribution of Interim Municipal Use Annual Operating Proceeds.
Within ninety (90) days after the end of each Applicable Fiscal Year, the City shall remit
the Interim Municipal Use Annual Operating Proceeds for that Applicable Fiscal Year to
the Auditor-Controller for subsequent distribution by the Auditor-Controller among the
Taxing Entities in proportion to their Applicable Shares, as determined by the Auditor-
Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit B
shows, for illustrative purposes only, the Applicable Shares of the Taxing Entities that
would have applied to a distribution under this Section 7 had the distribution been made
on January 1, 2014, as provided by the Auditor-Controller.
(c)Accounting Requirements. At the time of each distribution
pursuant to subsection (a), the City shall provide to the Taxing Entities and the Auditor-
Controller a statement prepared in accordance with sound accounting practice that
provides the City’s calculation of the Interim Municipal Use Annual Operating Proceeds
(the “Operating Proceeds Statement”). The City shall keep complete, accurate and
appropriate books and records of its calculation of the Interim Municipal Use Annual
Operating Proceeds with respect to each distribution. The Auditor-Controller shall have
the right, on behalf of the Taxing Entities and upon reasonable written notice to City, to
audit and examine such books, records and documents and other relevant items in the
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possession of City, but only to the extent necessary for a proper determination of the
Interim Municipal Use Annual Operating Proceeds.
Section 8.Term of Agreement: Early Termination.
(a)Term. The term of this Agreement shall commence on the
Effective Date and, unless sooner terminated as otherwise provided in this Agreement,
shall expire upon the distribution by the City of all amounts owed to the Taxing Entities
under this Agreement.
(b)Early Termination. Notwithstanding any other provision of this
Agreement, a Party may terminate this Agreement upon written notice to the other Parties
if a court order, legislation, or DOF policy reverses DOF’s directive regarding the need
for this Agreement and the payment of compensation by the City pursuant to Health and
Safety Code Section 34180(1) (an “Early Termination”). An Early Termination shall
become effective five (5) days after the terminating Party delivers the required notice to
the other Parties in accordance with Section 9(a). Upon effectiveness of an Early
Termination, no Party shall have any further rights or obligations under this Agreement,
and the City may retain the Disposition Proceeds from the disposition of any Property for
which the City has not yet received the Disposition Proceeds as of the effective date of
the Early Termination, and may retain any Interim Municipal Use Annual Operating
Proceeds for which the City was not required to make the distribution to the Taxing
Entities as of the effective date of the Early Termination; provided, however, that the City
shall have no right to recover any Disposition Proceeds or any Interim Municipal Use
Annual Operating Proceeds from any Taxing Entity that were distributed by the City
prior to the effective date of the Early Termination.
Section 9.Miscellaneous Provisions.
(a)Notices. All notices, statements, or other communications made
pursuant to this Agreement to another Party or Parties shall be in writing, and shall be
sufficiently given and served upon the Party if sent by (1) United States certified mail,
return receipt requested, postage prepaid, or (2) nationally recognized overnight courier,
with charges prepaid or charged to sender’s account, and addressed to the applicable
Party in the manner specified in the attached Exhibit A. Any Party may change its
address for notice purposes by written notice to the other Parties prepared and delivered
in accordance with the provisions of this Section 9(a).
(b)No Third Party Beneficiaries. No person or entity other than the
Parties and their permitted successors and assigns, shall have any right of action under
this Agreement.
(c)Litigation Regarding Agreement. In the event litigation is initiated
attacking the validity of this Agreement, each Party shall in good faith defend and seek to
uphold the Agreement.
(d)State Law; Venue. This Agreement, and the rights and obligations
of the Parties hereto, shall be construed and enforced in accordance with the laws of the
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State of California. Any action to enforce or interpret this Agreement shall be filed and
heard in the Superior Court of Riverside County, California or in the Federal District
Court for the Northern District of California.
(e)Attorneys’ Fees. In any action which a Party brings to enforce its
rights hereunder, the unsuccessful Party or Parties shall pay all costs incurred by the
prevailing party, including reasonable attorneys’ fees.
(f)Entire Agreement; Amendment. This Agreement constitutes the
entire and integrated agreement of the Parties and supersedes all prior negotiations,
representations, or agreements, either written or oral. This Agreement may be modified
only in writing and only if signed by all of the Parties and approved by the Oversight
Board and the DOF, except as otherwise provided below. If, at the time of a proposed
amendment of this Agreement, the Successor Agency and the Oversight Board have been
terminated in accordance with the applicable provisions of the Redevelopment
Dissolution Statutes, then the proposed amendment shall not require execution by the
terminated Successor Agency or approval by the terminated Oversight Board. In that
event, to obtain the approval of the DOF for such proposed amendment, the City shall
transmit the proposed amendment to the DOF on behalf of the remaining Parties and seek
the timely approval by the DOF for such amendment.
(g)Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall constitute one
and the same agreement. The signature page of any counterpart may be detached
therefrom without impairing the legal effect of the signature(s) thereon, provided such
signature page is attached to any other counterpart identical thereto having additional
signature pages executed by the other Parties. Any executed counterpart of this
Agreement may be delivered to the other Parties by facsimile and shall be deemed as
binding as if an originally signed counterpart was delivered.
(h)Non-Waiver. No waiver of a breach, failure of any condition, or
any right or remedy contained in or granted by the provisions of this Agreement will be
effective unless it is in writing and signed by the waiving Parties.
(i)No Partnership. Nothing contained in this Agreement shall be
construed to constitute any Party as a partner, employee, joint venturer, or agent of any
other Party.
(j)Ambiguities. Any rule of construction to the effect that
ambiguities are to be resolved against the drafting party does not apply in interpreting this
Agreement.
(k)Exhibits. The following exhibits are incorporated in this
Agreement by reference:
Exhibit A: List of Addresses for Notice Purposes
Exhibit B: Taxing Entities Applicable Shares of Property Taxes
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(l)Severability. If any term, provision, or condition of this
Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the
remainder of this Agreement shall continue in full force and effect unless an essential
purpose of this Agreement is defeated by such invalidity or unenforceability.
(m)Action or Approval. Whenever action and/or approval by the City
is required under this Agreement, the City Manager or his or her designee may act on
and/or approve such matter unless specifically provided otherwise, or unless the City
Manager determines in his or her discretion that such action or approval requires referral
to the City Council for consideration.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the dates set forth in the opening paragraph of this Agreement.
SIGNATURE PAGES FOLLOW:
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CITY OF LAKE ELSINORE
Dated:By:
Robert E Magee, Mayor Pro Tem
APPROVED AS TO FORM:
LEIBOLD MCCLENDON & MANN, P.C.
By:
Barbara Leibold, City Attorney
COUNTY OF RIVERSIDE
Dated:By:
Its:
RIVERSIDE COUNTY LIBRARY
SYSTEM
Dated:By:
Its:
RIVERSIDE COUNTY FIRE
DEPARTMENT
Dated:By:
Its:
LAKE ELSINORE UNIFIED
SCHOOL DISTRICT
Dated:By:
Its:
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MT. SAN JACINTO COLLEGE
Dated:By:
Its:
LAKE ELSINORE UNIFIED
SCHOOL DISTRICT
Dated:By:
Its:
RIVERSIDE COUNTY OFFICE OF
EDUCATION
Dated:By:
Its:
RIVERSIDE COUNTY PARKS
DISTRICT
Dated:By:
Its:
RIVERSIDE CO. FLOOD CTRL. &
WATER CONSERVATION
DISTRICT
Dated:By:
Its:
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ELSINORE VALLEY CEMETERY
DISTRICT
Dated:By:
Its:
ELSINORE VALLEY MUNICIPAL
WATER DISTRICT
Dated:By:
Its:
WESTERN MUNICIPAL WATER
DISTRICT OF RIVERSIDE
COUNTY
Dated:By:
Its:
WESTERN MUNICIPAL WATER
DISTRICT OF RIVERSIDE COUNTY
Dated:By:
Its:
RIVERSIDE CORONA RESOURCE
CONSERVATION DISTRICT
Dated:By:
Its:
@BCL@3C054E68 EXHIBIT A
Page 1
EXHIBIT A
Mr. Paul Angulo, Auditor-Controller
Riverside County
Auditor-Controller's Office
4080 Lemon St, 11th floor
Riverside, CA 92502-0868
Mr. Rob Field, Asst. Co. Exec. Officer/Economic Development Agency
Riverside County Library System
EDA, Cultural Services
3403 10th Street, Suite 400
Riverside, CA 92501
Mr. John R. Hawkins, Fire Chief
Riverside County Fire Department
Administration and Operations
210 W. San Jacinto Avenue
Perris, CA 92570
Mr. Grant Yates, City Manager
City of Lake Elsinore
City Administration
130 South Main Street
Lake Elsinore, CA 92530
Mr. Doug Kimberly, Ed. D., Superintendent
Lake Elsinore Unified School District
Office of Superintendent
545 Chaney Street
Lake Elsinore, CA 92530-2723
Mr. Roger W. Schultz, Superintendent/President
Mt. San Jacinto College
Administration
1499 North State Street
San Jacinto, CA 92583-2399
@BCL@3C054E68 EXHIBIT A
Page 2
Mr. Doug Kimberly, Ed. D., Superintendent
Lake Elsinore Unified School District
Office of Superintendent
545 Chaney Street
Lake Elsinore, CA 92530-2723
Mr. Kenneth M. Young, Superintendent
Riverside County Office of Education
Office of Superintendent
3939 Thirteenth Street
Riverside, CA 92501
Mr. Scott Bangle, General Manager
Riverside County Parks District
Executive Team
4600 Crestmore Road
Riverside, CA 92509-6858
Mr. Warren D. "Dusty" Williams, General Mgr. - Chief Engineer
Riverside Co. Flood Ctrl. & Water Conservation District
District Office
1995 Market Street
Riverside, CA 92501
Mr. Warren D. "Dusty" Williams, General Mgr. - Chief Engineer
Riverside Co. Flood Ctrl. & Water Conservation District
District Office
1995 Market Street
Riverside, CA 92501
Ms. Denice Enochs, District Manager
Elsinore Valley Cemetery District
District Office
18170 Collier Avenue
Lake Elsinore, CA 92530
@BCL@3C054E68 EXHIBIT A
Page 3
Mr. John D. Vega, General Manager
Elsinore Valley Municipal Water District
Administration
31315 Chaney Street
Lake Elsinore, CA 92531
Mr. John V. Rossi, General Manager
Western Municipal Water District of Riverside County
Management
14205 Meridian Parkway
Riverside, Ca 92518
Mr. John V. Rossi, General Manager
Western Municipal Water District of Riverside County
Management
14205 Meridian Parkway
Riverside, Ca 92518
Ms. Shelli Lamb, District Manager
Riverside Corona Resource Conservation District
District Office
4500 Glenwood Drive, BLDG A
Riverside, CA 92501
@BCL@3C054E68 EXHIBIT B
EXHIBIT B
ILLUSTRATIVE TAXING ENTITIES APPLICABLE
SHARES OF PROPERTY TAXES
Taxing Entity/Fund Property Tax Share
Riverside County General 11.06%
County Free Library 1.20%
County Structure Fire Protection 4.89%
Lake Elsinore General Fund 10.17%
Lake Elsinore Unified School District 39.94%
Mt. San Jacinto Junior College 4.80%
Elsinore Area Elementary School Fund 8.75%
Riverside County Office of Education 4.94%
Riverside Co. Regional Park & Open Space 0.27%
Flood Control Administration 0.20%
Flood Control Zone 3 2.79%
Elsinore Valley Cemetery 0.83%
Elsinore Valley Municipal Water 9.04%
Western Municipal Water 1.08%
Western Municipal Water 1st Fringe 0.03%
Riverside Corona Resource Conservation 0.01%