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

Corona City Council
June 5, 2024

Document
Exhibit 1 - Summary of Estimated Special Tax Levies for the Districts
Meeting
June 5, 2024
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 2025
Levy
% of
Assigned
Tax
YOY % Change
in Levy Rate Notes
CFD No. 2000-1 2024-042 2031 359 412,228 $ 59.88% -0.40% (1) CFD No. 2001-2 IA1 2024-043 2032 72 157,682 $ 67.63% 0.00% (6) CFD No. 2001-2 IA2 2024-044 2032 41 78,513 $ 71.73% 2.70% (2) CFD No. 2002-1 2024-045 2034 470 1,158,452 $ 41.91% -1.61% (1) CFD No. 2002-1 IA1 2024-046 2037 11 531,355 $ 63.41% -0.37% (1) CFD No. 2002-4 2024-047 2034 27 595,141 $ 73.97% -0.58% (1) CFD No. 2003-2 2024-048 2034 317 444,739 $ 41.64% 0.61% (2) CFD No. 2004-1 2024-049 2036 64 201,903 $ 66.47% -0.03% (1) CFD No. 2016-2 Tax A 2024-050 2048 146 345,879 $ 89.61% -1.85% (1) CFD No. 2017-2 Tax A 2024-051 2048 92 260,203 $ 93.99% -2.22% (1) CFD No. 2018-1 IA1 Tax A 2024-052 2050 393 1,166,420 $ 100.00% 2.00% (3) CFD No. 2018-1 IA2 Tax A 2024-053 N/A 484 1,508,967 $ 114.20% 184.75% (4) CFD No. 2018-2 Tax A 2024-054 2051 237 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 (6)
Fully developed district, no change to total estimated levies.

Exhibit 1
Summary of Estimated Special Tax Levies for the Districts

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