HomeMy WebLinkAboutItem J- CFD 2002-1 I =CZ15:
AGENDA STAFF REPORT ; = i-
DATE: July 10, 2017
TO:' Honorable Mayor and City Council
THRU: Jill R. Ingram, City Manager
FROM: Victoria L. Beatley, Director of Finance/City Treasurer
SUBJECT: APPROVAL OF THE ANNUAL SPECIAL TAXES FOR
COMMUNITY FACILITIES DISTRICT NO. 2002-01
"HERON POINTE"
SUMMARY OF REQUEST:
That the City Council adopt Resolution No. 6752 approving the Fiscal Year;2017-
2018 special tax levy for Community Facilities District No. 2002-01 "Heron
Pointe".
BACKGROUND AND ANALYSIS:
On September 23, 20Q2, 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 I 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. Per the
Official Statement dated June 5,. 2015, the City .issued $3,480,000 Special Tax
Refunding. Bonds, Series 2015 and scheduled the outstanding amount of the
CFD Bonds issued in 2005 to be redeemed in full.
The City contracted with Willdan Financial Services to calculate special taxes for
the District for Fiscal Year 2017=2018. 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 Council on January 12, 2004. The method of assessment
defines two primary categories of property: Developed Property and
Agenda Item J
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
2017-2018 maximum and actual special taxes per Unit/Acre are listed as follows:
Community Facilities District No. 2002-01
Fiscal Year 2017-2018 Special Taxes for
Developed and Undeveloped Property
FY 2017-2018
Assigned/Maximum Actual Special
Residential Special Tax per Tax per
Tax Class Description Floor Area Unit/Acre Unit/Acre
1 Residential > 4,000 SF $6,521.62 $4,355.02
2 Residential 3,750—3,999
SF $6,190.05 $4,133.62
3 Residential 3,500—3,749
SF $5,973.07 $3,988.72
4 Residential < 3,500 SF $5,570.80 $0.00
Non-
5 Residential NA $51,169.73 $0.00
NA Undeveloped NA $57,345.15 $0.00
Exhibit A of the resolution shows the Fiscal Year 2017-2018 special tax levy for
each parcel being taxed:
Total expenditures for 2017-2018 are estimated at $266,448. This estimate
includes debt service payments of $246,606 and administrative expenses of
$19,842. Total revenues from the special tax are estimated at $266,448 for
Fiscal Year 2017-2018. 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.
Page 2
RECOMMENDATION:
That the City Council adopt Resolution No. 6752 authorizing the 2017-2018
annual special taxes for the Communities Facilities District No. 2002-01.
SUBM E RV' ' NOTED AND APPROVED:
fig.
iii ^ Win Ati
Victoria L. Beatley, Ji . Ingram, City M.. .er
Director of Finance/City Treasurer
Attachments:
A. Resolution No. 6752
Page 3
"Attachment A"
RESOLUTION NUMBER 6752
A RESOLUTION OF THE SEA_ L BEACH CITY COUNCIL
APPROVING THE FISCAL YEAR 2017-2018 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 (2017-2018) 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.
Resolution Number'6752
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 2017-2018 Tax Roll subsequent to the
submittal deadline of August 10, 2017, 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".
PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 10th day of July , 2017 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, Robin L. Roberts,. City Clerk of the City of Seal Beach, do hereby certify that
the foregoing resolution is the original copy of Resolution Number 6752 on
Resolution Number 6752
file in the office of the City Clerk, passed, approved, and adopted by the City
Council at a regular-meeting held on the 10th day of July , 2017.
City Clerk
Resolution Number'6752
Exhibit "A"
City of Seal Beach CFD 2002-01
Fiscal Year 2017-2018 Special Tax Levy
Assessor's FY1718 Assessor's FY1718
Parcel Number Special Tax Parcel Number Special Tax
199-201-01 $ 4,133.62 199-201-39 3,988.72
199-201-02 3,98872 199-201-40 4,133.62
1.99-201-03 4,355.02 199-201-41 3,988.72
199.201-04 3,988.72 199-201-42 4,133.62
199-201-05 4,133.:62 199-201-43 3,988.72
199-201-06 4,355.02 199-201-44 4,355.02
199-201-07 4,133:62 199-201 45 4,133.62
199-201-08 4,355.02 199-201-46 4,355.02
199=201-09 3,988.72 199-201-47 4,133.62
1.99-201-12 4,355.02 199.201-48 3,988.72
199-201-13 3,988.72 199-201-49 4,133.62
1.99-201-14 4,133.62 199-201-50 3,988.72
199-201-15 3,988.72 199-201-51 4,355.02
199-201-16 4,355.02 199-201-52 4,133.62
199-201-17 3,988.72 199-201-53 4,355.02
199-201-18 4,355.02 199-201-54 4,133.62
199-201-19 3,988.72 199-201.55 4,355.02
199-201-20 4,355.02 199-201-56 4,133.62
199-201-21 4,133.62 199-201-57 4,355.02
199-201-22. 4,355.02 199-201-58 4,133.62
199-201-23 4,133.62 199.201.59 3,988.72
199=201-24 4,133.62 199-201-60 4,133.62
199-201-25 4,133:62 199.201-61 4,355.02
199-201-26 3,988.72 199-201-62 4,355.02
199-201-27 4,355:02 199.201-63 3,988.72
199-201-28 3,988.72 199-201-64 4,133.62
199-201-29 4,133.62 199-201-65 3,988.72
199-201-30 4,355.02 199.201-66 4,355.02
199-201-31 4,133:62 199-201-67 3,988.72
199-201-36 4,133.62 199-201-68 4,133.62
199-201-37 3,988:72 199-201-69 4,133.62
199-201-38 4,355.02 199-201-70 4,355.02
Total FY 2017-2018 Special Tax $266,447.98
Total Number of Parcels Taxed 64