Cities Index.
Exhibit 1 - Summary of Estimated Special Tax Levies for the Districts

Corona City Council
July 19, 2023

Document
Exhibit 1 - Summary of Estimated Special Tax Levies for the Districts
Meeting
July 19, 2023
Body
Corona City Council
Original file
139 KB
Text extracted from the city's file for reading and search. Open the original on corona.legistar1.com. That file is the official record.

CFD No. Resolution No.

Final
Bond
Year
No. of
Parcels
FY 2024
Levy
% of
Assigned
Tax
YOY % Change
in Levy Rate Notes
CFD No. 2000-1 2023-062 2031 359 413,887 $ 60.13% -1.09% (1) CFD No. 2001-2 IA1 2023-063 2032 72 157,682 $ 67.63% 2.10% (2) CFD No. 2001-2 IA2 2023-064 2032 41 76,449 $ 68.85% -2.23% (1) CFD No. 2002-1 2023-065 2034 470 1,177,423 $ 43.45% 0.11% (2) CFD No. 2002-1 IA1 2023-066 2037 11 533,349 $ 63.65% 0.09% (2) CFD No. 2002-4 2023-067 2034 26 598,621 $ 78.22% -0.81% (1) CFD No. 2003-2 2023-068 2034 317 442,033 $ 41.39% -0.95% (1) CFD No. 2004-1 2023-069 2036 64 201,964 $ 66.49% 0.56% (2) CFD No. 2016-2 Tax A 2023-070 2048 146 352,402 $ 91.30% 0.02% (2) CFD No. 2017-2 Tax A 2023-071 2048 92 266,107 $ 96.12% 0.60% (2) CFD No. 2018-1 IA1 Tax A 2023-072 2050 393 1,143,871 $ 100.00% 2.00% (3) CFD No. 2018-1 IA2 Tax A 2023-073 N/A 167 529,922 $ 100.00% 2.00% (4) CFD No. 2018-2 Tax A 2023-074 2051 101 1,167,405 $ 100.00% 0.00% (5) Notes:
(1)
Estimated levies decrease due to available fund balances in the Districts. (2)
Estimated levies increase due to debt service requirements in the Districts. (3)
Estimated levies for CFD 2018-1 Bedford have a 2% increase as defined in the bond covenant. (4)
Total estimated levies increase due to new developed parcels, 2% increase per parcel for existing parcels (5)
Total estimated levies increase due to new developed parcels, no increase per parcel for existing parcels Exhibit 1
Summary of Estimated Special Tax Levies for the Districts

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