HomeMy WebLinkAboutCC AG PKT 2012-07-23 #G SEA(
AGENDA STAFF REPORT {U
, ter
DATE: July 23, 2012
TO: Honorable Mayor and City Council
THRU: Jill R. Ingram, City Manager
FROM: Shally S. Lin, Interim Director of Finance/City Treasurer
SUBJECT: ANNUAL SPECIAL TAXES FOR COMMUNITY
FACILITIES DISTRICT NO. 2002-01 "HERON POINTE"
SUMMARY OF REQUEST:
That the City Council adopt Resolution No. 6295 approving the Fiscal Year 2012-
2013 annual special tax levy for Community Facilities District No. 2002-01 "Heron
Pointe".
BACKGROUND AND ANALYSIS:
On September 23, 2002, the City approved the establishment of Community
Facilities District 2002-01 known as Heron Pointe ("the District") and approved
Ordinance No. 1490 authorizing the levy of special taxes within the District.
However, the development was faced with various delays related to the
discovery of a Native American burial site within the District's boundaries. As a
result, final Coastal Commission approval was not received until July 2005.
Immediately upon receipt of final approval, the City issued $3,985,000 of CFD
Bonds to fund the cost of various improvements within the District. The City
contracted with Willdan & Associates to calculate special taxes for the District for
Fiscal Year 2012-2013. The special taxes collected are considered special
revenue. Special revenue sources are legally restricted to specific purposes. As
a result, this special tax is not included in the General Fund revenues.
The special taxes will satisfy debt service on the Bonds. The method of
assessment for the special taxes is described in the Amended Rate and Method
of Apportionment section of the CFD Report prepared by Taussig and Associates
and submitted to the City Council on January 12, 2004. The method of
assessment defines two primary categories of property: Developed Property and
Undeveloped Property. The category of Developed Property is further divided
into five separate special tax classifications that vary with land use (e.g.
residential and non-residential) and floor area (in square feet). The Fiscal Year
2012-2013 maximum and actual special taxes per Unit/Acre are listed as follows:
Agenda Item G
Community Facilities District No. 2002-01
Fiscal Year 2012-2013 Special Taxes for
Developed and Undeveloped Property
Assigned/Maximum FY 2012-2013
Tax Residential Special Tax per Actual Special
Class Description Floor Area Unit/Acre Tax per Unit/Acre
1 Residential > 4,000 SF $6,521.62 $4,744.18
2 Residential 3,750—3,999 SF $6,190.05 $4,502.98
3 Residential 3,500— 3,749 SF $5,973.07 $4,345.14
4 Residential < 3,500 SF $5,570.80 $0.00
5 Non-Residential NA $51,169.73 $0.00
NA Undeveloped NA $57,345.15 $0.00
Exhibit A of the resolution shows the Fiscal Year 2012-2013 special tax levy for
each parcel being taxed.
Total expenditures for 2012-2013 are estimated at $290,258. This estimate
includes debt service payments of $267,849 and administrative expenses of
$22,409. Total revenues from the special tax are estimated at $290,258 for Fiscal
Year 2012-2013. No credit will be applied to the levy this year.
ENVIRONMENTAL IMPACT:
There is no Environmental Impact related to this item.
LEGAL ANALYSIS:
No legal analysis is required for this item.
FINANCIAL IMPACT:
There is no Financial Impact.
RECOMMENDATION:
That the City Council adopt Resolution No. 6295 authorizing the FY 2012-2013
annual special taxes for the Communities Facilities District No. 2002-01.
SUBMITTED BY: NOTED AND APPROVED:
hally S. n, Interim '. Ingram, Ci anager
Director r,f Finance/City Treasurer
Attachments:
A. Resolution No. 6295
Page 2
RESOLUTION NUMBER 6295
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE FISCAL YEAR 2012-2013 ANNUAL SPECIAL
TAX LEVY FOR COMMUNITY FACILITIES DISTRICT NO. 2002-
01 (HERON POINTE)
WHEREAS, the City Council of the CITY OF SEAL BEACH (the "City"), has
initiated proceedings, held a public hearing, conducted an election and received
a favorable vote from the qualified electors relating to the levy of a special tax in
the City's Community Facilities District No. 2002-01 (Heron Pointe) (the
"District"), all as authorized pursuant to the terms and 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; and
WHEREAS, the City Council, by Ordinance as authorized by Section 53340 of
the Government Code of the State of California, has authorized the levy of a
special tax to pay for costs and expenses related to said District; and
WHEREAS, the City Council desires to establish the specific rate of the special
tax to be collected for the next fiscal year.
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1.That the above recitals are all true and correct.
Section 2. That the special tax rates for each tax category to be used to generate
special tax revenues, which will be collected to pay for the costs and expenses
for the next fiscal year (2012-2013) for the District, is hereby determined and
established as set forth in the attached, referenced and incorporated Exhibit"A".
Section 3. That the rate as set forth above does not exceed the amount as
previously authorized by Ordinance of the City Council, and is not in excess of
that as previously approved by the qualified electors of the District.
Section 4. The special tax shall be collected in the same manner as ordinary ad
valorem property taxes are collected, and shall be subject to the same penalties
and same procedure and sale in cases of any delinquency for ad valorem taxes,
and the Tax Collector is hereby authorized to deduct reasonable administrative
costs incurred in collecting any said special tax.
Section 5.All monies above collected shall be paid into the District funds.
Section 6. The County Auditor is hereby directed to enter in the next County
assessment roll on which taxes will become due, opposite each lot or parcel of
land effected in a space marked "public improvements, special tax" or by any
other suitable designation, the installment of the special tax, and for the exact
rate and amount of said tax, reference is made to the attached Exhibit"A".
Section 7. The County Auditor shall then, at the close of the tax collection period,
promptly render to the City a detailed report showing the amount and/or amounts
of such special tax installments, interest, penalties and percentages so collected
and from what property collected, and also provide a statement of any
percentages retained for the expense of making any such collection.
Section 8. Special taxes are to be levied on all non-exempt parcels within the
District. Should it be discovered that any taxable parcels are not submitted to the
County Auditor for inclusion into the 2012-2013 Tax Roll subsequent to the
submittal deadline of August 10, 2012, the City Council directs the City of Seal
Beach staff or their agents to bill such parcels directly via U.S. mail using the
rates as approved in Exhibit"A".
Resolution Number 6295
PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 23rd day of July , 2012 by the following vote:
AYES: Council Members
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
Mayor
ATTEST:
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 6295 on file
in the office of the City Clerk, passed, approved, and adopted by the City Council
at a regular meeting held on the 23rd day of July , 2012.
City Clerk
Resolution Number 6295
Exhibit"A"
City of Seal Beach CFD No. 2002-01
FY 2012-2013 Special Tax Levy
Assessor's FY 2012-2013 Assessor's FY 2012-2013
Parcel Number Special Tax Parcel Number Special Tax
199-201-01 $4,502.98 199-201-39 4,345.14
199-201-02 4,345.14 199-201-40 4,502.98
199-201-03 4,744.18 199-201-41 4,345.14
199-201-04 4,345.14 199-201-42 4,502.98
199-201-05 4,502.98 199-201-43 4,345.14
199-201-06 4,744.18 199-201-44 4,744.18
199-201-07 4,502.98 199-201-45 4,502.98
199-201-08 4,744.18 199-201-46 4,744.18
199-201-09 4,345.14 199-201-47 4,502.98
199-201-12 4,744.18 199-201-48 4,345.14
199-201-13 4,345.14 199-201-49 4,502.98
199-201-14 4,502.98 199-201-50 4,345.14
199-201-15 4,345.14 199-201-51 4,744.18
199-201-16 4,744.18 199-201-52 4,502.98
199-201-17 4,345.14 199-201-53 4,744.18
199-201-18 4,744.18 199-201-54 4,502.98
199-201-19 4,345.14 199-201-55 4,744.18
199-201-20 4,744.18 199-201-56 4,502.98
199-201-21 4,502.98 199-201-57 4,744.18
199-201-22 4,744.18 199-201-58 4,502.98
199-201-23 4,502.98 199-201-59 4,345.14
199-201-24 4,502.98 199-201-60 4,502.98
199-201-25 4,502.98 199-201-61 4,744.18
199-201-26 4,345.14 199-201-62 4,744.18
199-201-27 4,744.18 199-201-63 4,345.14
199-201-28 4,345.14 199-201-64 4,502.98
199-201-29 4,502.98 199-201-65 4,345.14
199-201-30 4,744.18 199-201-66 4,744.18
199-201-31 4,502.98 199-201-67 4,345.14
199-201-36 4,502.98 199-201-68 4,502.98
199-201-37 4,345.14 199-201-69 4,502.98
199-201-38 4,744.18 199-201-70 4,744.18
Total FY 2012-2013 Special Tax $290,256.96
Total Number of Parcels Taxed 64
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