1996 AGN AUG 06 104 - Laserfiche WebLink

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Exhibit A City of Colton Community Facilities District 89-1 1996/97 Special Tax Levy The annual special tax levy is determined by summing the amounts necessary to pay debt service on the bonds and pay administrative expenses for the year. In addition, amounts may be added to replenish the Reserve Fund for any delinquencies incurred, and credits may be given for any funds on hand. 1996/97 Debt Service Requirements Interest Due 3/1/97 $99,282.50 Interest Due 9/1/97 99,282.50 Principal Due 9/1/97 45,000.00 Replenish Reserve Fund 0.00 Less: Available Funds (0.00) Total Debt Service Levy $243,565.00 1996/97 Services Requirements Police Services 0.00 Less: Available Funds (0.00) Total Services Levy ($0.00 1996/97 Administrative Expense Requirements City Staff $2,474.77 Fiscal Agent 3,200.00 Legal Fees 500.00 CFD Administrator 4,000.00 Arbitrage Rebate Calculation (95/96) 2,525.00 Arbitrage Rebate Calculation (96/97) 2,000.00 Publish Tax Rates 100.00 Postage 70.33 Miscellaneous Expenses 500.00 Less: Available Funds (0.00) Total Administrative Expense Levy 15,370.10 1996/97 Special Tax Requirement $258,935.101 The following than shows the 1996/97 Maximum Special Tax and the Actual Special Tax being levied for the 1996/97 tax year. For comparison, the 1996/97 Actual Special Tax represents a savings to each parcel of 1% over last year's special tax rate. 1996/97 1996/97 1995/96 Property Classification Maximum Special Tax Actual Actual Residential Developed (137 parcels) Special $1,298.92 Tax $1,044.60 Special Tax $1,050.02 Residential Subdivided (75 parcels) $1,082.43 $1,044.60 $1,050.02 Commercial Developed (8.34 Acres) $5,195.68 $4,178.36 $4,200.05 undeveloped (.63 Acres) $4,329.73 $4,178.37 $4,200.06 Prepared by Scott Associates July 8, 1996