R-115-16 Adopting the Local Goals and Policies concerning districts formed pursuant to the Mello-Roos Community Facilities Act of 1982

Browse Search

revegetation; Road maintenance. Section 4, Financina Priorities The sole priority of the City's use of the Act is to finance facilities and services. The City shall prioritize the financing of City -owned facilities and the funding of City services. The financing of facilities to be owned and operated by other public agencies through a JCFA shall be evaluated on a case by case basis. Section 5. Special Tax Requirements Special Tax Formula The total of the following burdens, when taken in the aggregate, at the time of adoption of the special tax, may not exceed 1.85% of the estimated sales price of the subject properties to an end user within the CFD: • Ad valorem property taxes levied by the County; • Voter approved ad valorem taxes levied by the County in addition to the ad valorem property taxes described above; • Special taxes levied by any existing CFD for the payment of bonded indebtedness or on-going services; • Assessments levied for any assessment district or maintenance district for the payment of bonded indebtedness or services; • The assigned special tax for the proposed CFD; and, • The maximum special tax shall include the reasonable and necessary annual administrative costs of the City to administer the CFD (a portion of these costs may be established as superior in lien position to the debt service). The City shall retain a special tax consultant to prepare a report which recommends a special tax method for the proposed CFD, and evaluates the special tax proposed to determine its ability to adequately fund identified public facilities, fees, City administrative costs, services (if applicable) and other related expenditures. Such analysis shall also address the resulting aggregate tax burden of all proposed special taxes plus existing special taxes, ad valorem taxes, and assessments on the properties within the CFD, as described above. Reasonable Basis of Apportionment Special taxes must be allocated and apportioned on a reasonable basis to all categories and classes of property (other than exempt property) within the CFD. Exemptions from the special tax may be given to parcels which are publicly owned, are held by property owners associations, are used for a public purpose such as permanent open space or wetlands, or are affected by public utility easements making impractical their utilization for other than the purposes set forth in the easement. 3