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R-072-15 Authorizing the levy of a special tax in CFD No. 89-2 for FY 2015-16 (6.16.15)
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R-072-15 Authorizing the levy of a special tax in CFD No. 89-2 for FY 2015-16 (6.16.15)
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Exhibit A <br />City of Colton <br />2015/16 Special Tax Levy <br />Community Facilities District 89-2 <br />ComponentsLevy <br />r <br />PRINCIPAL: AND INTEREST <br />Principal <br />$225,000.00 <br />Interest <br />46,732.50 <br />TOTAL <br />$271,732.50 <br />ADMINISTRATION COSTS <br />City Staff and Expenses <br />$7,000.00 <br />County Auditor and Assessor Fees <br />109.80 <br />Registrar/Transfer/Paying Agent Fees <br />2,500.00 <br />Consulting Services and Expenses <br />5,837.50 <br />Delinquency Management Allowance <br />100.00 <br />TOTAL <br />$15,547.30 <br />Total Principal, Interest and Admin Costs <br />$287,279.80 <br />,,ADJUSTMENTS APPLIED TO:LEVY <br />Facilities Cost Reimbursement to City <br />$0.00 <br />Replenishment/ (Credit) <br />$0.00 <br />TOTAL <br />$0.00 <br />TOTALCHARGE,-= <br />Special Tax Requirement <br />$287,279.80 <br />Applied Charge at Projected Rate <br />$287,279.64 <br />Difference (due to rounding) <br />$0.16 <br />SPECIAL. AX'RATES* <br />Developed Residential Units <br />357 <br />Maximum Special Tax Rate per unit <br />$1,640.61 <br />Projected Special Tax Rate per unit for 2015/16 <br />$716.68 <br />Developed Commercial Acreage <br />8.48 <br />Maximum Special Tax Rate per acre <br />$5,742.12 <br />Projected Special Tax Rate per acre for 2015/16 <br />$2,508.38 <br />Undeveloped Acreage <br />5.06 <br />Maximum Special Tax Rate per acre <br />$4,593.70 <br />Projected Special Tax Rate per acre for 2015/16 <br />$2,006.69 <br />* The projected special tax rate is based on the proposed budget shown and reflects a <br />-11.73% change over the prior year's levy. <br />Willdan Financial Services June 16, 2015 <br />
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