Folsom City Council
June 24, 2025

1 Agenda
City Council Regular Meeting
Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
June 24, 2025, 6:30 PM

Welcome to Your City Council Meeting
We welcome your interest and involvement in the city’s legislative process. This agenda includes information about topics coming before the City Council and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city website and in the Office of the City Clerk. The City Clerk is also available to answer any questions you have about City Council meeting procedures.

Participation
If you would like to provide comments to the City Council, please:
 Fill out a blue speaker request form, located at the back table.  Submit the form to the City Clerk before the item begins.  When it’s your turn, the City Clerk will call your name and invite you to the podium.  Speakers generally have three minutes, unless the presiding officer (usually the mayor) changes that time.

Reasonable Accommodations
In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

How to Watch
The City of Folsom provides three ways to watch a City Council meeting:

In Person Online On TV

City Council meetings take place at
City Hall, 50 Natoma Street
Watch the livestream and replay past
meetings on the city website,
www.folsom.ca.us
Watch live and replays of meetings on
Sac Metro Cable TV, Channel 14

More information about City Council meetings is available at the end of this agenda

2 City Council Regular Meeting
Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
www.folsom.ca.us
Tuesday, June 24, 2025 6:30 PM

Sarah Aquino, Mayor

Mike Kozlowski, Councilmember Barbara Leary, Councilmember Justin Raithel, Vice Mayor Anna Rohrbough, Councilmember

AGENDA

CALL TO ORDER
ROLL CALL:

Councilmembers: Rohrbough, Kozlowski, Leary, Raithel, Aquino The City Council has adopted a policy that no new item will begin after 10:30 p.m. Therefore, if you are here for an item that has not been heard by 10:30 p.m., you may leave, as the item wi ll be continued to a future Council meeting.

PLEDGE OF ALLEGIANCE

AGENDA UPDATE
BUSINESS FROM THE FLOOR:

Members of the public are entitled to address the City Council concerning any item within the Folsom City Council's subject matter jurisdiction. Public comments are generally limited to no more than three minutes. Except for certain specific exceptions, the City Council is prohibited from discussing or taking action on any item not appearing on the posted agenda.

SCHEDULED PRESENTATIONS:

1. Resolution of Commendation Honoring Police Chief Rick Hillman for his Outstanding Service to the City of Folsom

2. Proclamation of the Mayor of the City of Folsom Proclaiming July 3-5, 2025 as Western Rodeo Days in the City of Folsom

3 CONSENT CALENDAR:

Items appearing on the Consent Calendar are considered routine and may be approved by one motion.

Councilmembers may pull an item for discussion.

3. Approval of June 10, 2025 Special and Regular Meeting Minutes

4. Resolution No. 11404 - A Resolution Authorizing the City Manager to Execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174-21 18-087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom for a Three-Year Period for $115,290 from the Water Operating Fund (Fund 520)

5. Resolution No. 11406 - A Resolution Authorizing the City Manager to Execute an Agreement with Mesa Energy Services Inc. for $372,516 from the General Fund (Fund 010) for the Folsom Community Center and Rotary Clubhouse Commercial Kitchen Equipment Replacement

6. Resolution No. 11413 - A Resolution Authorizing the City Manager to Execute a Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. for $136,029.20 for Construction Inspection and Materials Testing for the Pavement Repair and Resurfacing Project FY 2024-25 from the Measure A Fund (Fund 276)
PUBLIC HEARING:

7. City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) i. Resolution No. 11408 – A Resolution of the City Council of the City of Folsom Forming a Community Facilities District and Levying Special Taxes Therein ii. Resolution No. 11409 – A Resolution of the City Council of the City of Folsom Deeming it Necessary to Incur Bonded Indebtedness in and for City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)
iii. Resolution No. 11410 – A Resolution of the City Council of the City of Folsom Calling Special Mailed-Ballot Election in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)
iv. Resolution No. 11411 – Resolution of the City Council of the City of Folsom Declaring Election Results in the City of Folsom Community Facilities District No. 20-1(Russell Ranch 2)
v. Ordinance No. 1352 – An Uncodified Ordinance Levying Special Taxes for the Fiscal Year 2025-26 and Following Fiscal Years Solely Within and Relating to the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (Introduction and First Reading) NEW BUSINESS:

8. Resolution No. 11403 - A Resolution Initiating Proceedings for the Formation of a Landscaping and Lighting Assessment District to be known as the Natoma Station Maintenance Assessment District No. 2025-2

9. Resolution No. 11407 – A Resolution Rescinding Resolution No. 7193, Removing Site Supervision of the Cummings Family Skate and Bike Park, and Denying Petition to Modify Safety Requirements

4 OLD BUSINESS:

10. Resolution No. 11412 – A Resolution Authorizing the City Manager to Execute a Contract Amendment to the Agreement with Western Truck Parts and Equipment Company, LLC (Contract No. 046-21 23-002) for the Purchase of Two Electric Refuse Collection Vehicles to Update the Specifications and Modify the Delivery Schedule

11. Resolution No. 11401 - A Resolution Adopting the Fiscal Year 2025-26 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority (Continued from June 10, 2025)

CITY MANAGER REPORTS

COUNCIL COMMENTS

ADJOURNMENT

NOTICE: Members of the public are entitled to directly address the City Council concerning any item that is described in the notice of this meeting, before or during consideration of that item. If you wish to address Council on an issue, which is on this agenda, please complete a blue speaker request card, and deliver it to a staff member at the table on the left side of the Council Chambers prior to discussion of the item. When your name is called, stand to be recognized by the Mayor and then proceed to the podium. If you wish to address the City Council on any other item of interest to the public, when the Mayor asks if there is any “Business from the Floor,” follow the same procedure described above. Please limit your comments to three minutes or less.

NOTICE REGARDING CHALLENGES TO DECISIONS: Pursuant to all applicable laws and regulations, including without limitation, California Government Code Section 65009 and or California Public Resources Code Section 21177, if you wish to challenge in court any of the above decisions (regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

As presiding officer, the Mayor has the authority to preserve order at all City Council meetings, to remove or cause the removal of any person from any such meeting for disorderly conduct, or for making personal, impertinent, or slanderous remarks, using profanity, or becoming boisterous, threatening or personally abusive while addressing said Council, and to enforce the rules of the Council.

PERSONS INTERESTED IN PROPOSING AN ITEM FOR THE CITY COUNCIL AGENDA S HOULD CONTACT A MEMBER OF THE CITY COUNCIL.

This meeting of the City Council is recorded with closed captioning. The recording will be cablecast on Metro Cable Channel 14, the local government affairs channel on the Comcast and DirecTV U -Verse cable system, and will be shown in its entirety on the Friday and Saturday following the meeting, both at 9 a.m. The recording will also be video streamed at metro14live.saccounty.gov.The City does not control scheduling of this telecast and persons interested in watching the televised meeting should confirm this schedule with Metro Cable TV, Channel 14. The City of Folsom provides live and archived webcasts of regular City Council meetings. The webcasts can be found on the online services page of the City's website www.folsom.ca.us.

In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City

5 Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

Any documents produced by the City and distributed to the City Council regarding any item on this agenda will be made available at the City Clerk’s Counter at City Hall located at 50 Natoma Street, Folsom, California and at the Folsom Public Library located at 411 Stafford Street, Folsom, California during normal business hours.

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06/24/2025 Item No.1.

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06/24/2025 Item No.2.

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06/24/2025 Item No.2.

File 034-21 25-001
Folsom City Council Minutes
June 10, 2025

Draft – Not Official Until Approved by the City Council Page 1

City Council Special Meeting

MINUTES

Tuesday, June 10, 2025 6:15 PM

CALL TO ORDER

The special City Council meeting was called to order at 6:15 pm with Mayor Aquino presiding.

ROLL CALL:

Councilmembers Present:

Justin Raithel, Vice Mayor
Anna Rohrbough, Councilmember
Michael Kozlowski, Councilmember
Barbara Leary, Councilmember
Sarah Aquino, Mayor

Councilmembers Absent: None

ADJOURNMENT TO CLOSED SESSION FOR THE FOLLOWING PURPOSES:

1. Conference with Legal Counsel - Existing Litigation - Pursuant to Government Code Section 54956.9(d)(1): Griselda Vaca v. Folsom Cordova Unified School District, City of Folsom, County of Sacramento, and State of California, Sacramento County Superior Court Case No. 25CV011806

Motion by Councilmember Kozlowski, second by Councilmember Leary to adjourn to closed session. Motion passed by the following roll-call vote:

AYES: Raithel, Rohrbough, Kozlowski, Leary, Aquino
NOES: None
ABSENT: None
ABSTAIN: None

RECONVENE
City Attorney Steven Wang announced that no final action was taken during closed session.

06/24/2025 Item No.3.

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June 10, 2025

Draft – Not Official Until Approved by the City Council Page 2

ADJOURNMENT

There being no further business to come before the City Council, the meeting was adjourned at 6:30 pm.

SUBMITTED BY:

_______________________________
Christa Freemantle, City Clerk
ATTEST:

______________________________
Sarah Aquino, Mayor

06/24/2025 Item No.3.

File 034-21 25-001
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June 10, 2025

Draft – Not Official Until Approved by the City Council Page 1

City Council Regular Meeting

MINUTES

Tuesday, June 10, 2025 6:30 PM

CALL TO ORDER

The regular City Council meeting was called to order at 6:30 pm with Mayor Aquino presiding.

ROLL CALL:

Councilmembers Present: Justin Raithel, Vice Mayor
Anna Rohrbough, Councilmember
Michael Kozlowski, Councilmember
Barbara Leary, Councilmember
Sarah Aquino, Mayor

Councilmembers Absent None

PLEDGE OF ALLEGIANCE

The pledge of allegiance was recited.

AGENDA UPDATE
City Attorney Steven Wang advised that there were updates for items 10 and 11.

BUSINESS FROM THE FLOOR:

The following speakers spoke under this item:
 Tracie Stafford
 Ruth Anderson
 Margie Donovan
 Sharon Kindel

CONSENT CALENDAR:

Items appearing on the Consent Calendar are considered routine and may be approved by one motion.

Councilmembers may pull an item for discussion.

1. Approval of May 27, 2025 Special Budget Workshop Meeting Minutes

2. Approval of May 27, 2025 Special and Regular Meeting Minutes

06/24/2025 Item No.3.

File 034-21 25-001
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June 10, 2025

Draft – Not Official Until Approved by the City Council Page 2

3. Appointment of Representative to the Sacramento Central Groundwater Authority (SCGA) Governing Board

4. Resolution No. 11393 - A Resolution Authorizing the City Manager to Execute Non-Exclusive Agreements with Approved Licensed Contractors to Implement the Sacramento Housing and Redevelopment Agency Inter-Agency Contract for the Seniors Helping Seniors Home Repair Program, Utilizing the $200,000 Allocation from the Community Development Block Grant Fund (Fund 201)

5. Resolution No. 11394- A Resolution Renewing Ordinance No. 1326 and Determining that Specified "Military Equipment" Used by the Folsom Police Department has Complied with Standards for Approval Set Forth in State Law

6. Resolution No. 11395 – A Resolution Authorizing Public Fireworks Displays During the Annual Folsom Pro Rodeo

7. Resolution No. 11396 – A Resolution Authorizing the Public Works Department to Install All-Way Stop Sign Control at the Intersection of Oak Avenue and Vista Oaks Drive for $6,000 from Measure A Funds (Fund 276)

8. Resolution No. 11397 - A Resolution Authorizing the City Manager to Execute a Construction Agreement with B&M Civil LLC for $118,100 for the Glenn Drive and School Street Intersection Drainage Improvements Project from the SB1 Road Maintenance and Rehabilitation Fund (Fund 235)

9. Resolution No. 11398 - A Resolution of the City Council of the City of Folsom Approving an Increase in Maximum Grant Amounts and Updated Guidelines for the Seniors Helping Seniors Home Repair Program, Funded by Community Development Block Grant Funds (Fund 201) Motion by Vice Mayor Raithel, second by Councilmember Leary to approve the Consent Calendar. Motion passed by the following roll-call vote:

AYES: Raithel, Rohrbough, Kozlowski, Leary, Aquino
NOES: None
ABSENT: None
ABSTAIN: None

NEW BUSINESS:

10. Resolution No. 11399- A Resolution Approving the Preliminary Engineer’s Report for the Following Landscaping and Lighting Districts for Fiscal Year 2025-2026 and Setting Public Hearing for American River Canyon North, American River Canyon North No. 2, American River Canyon North No. 3, Blue Ravine Oaks, Blue Ravine Oaks No. 2, Briggs Ranch, Broadstone, Broadstone No. 4, Broadstone Unit No. 3, Cobble Ridge, Cobble Hills Ridge II/Reflections II, Folsom Heights, Folsom Heights No. 2, Hannaford Cross, Lake Natoma Shores, Los Cerros, Natoma Station, Natoma Valley, Prairie Oaks Ranch, Prairie Oaks Ranch No. 2, Prospect Ridge, Sierra Estates, Silverbrook, Steeplechase, The Residences at American River Canyon, The Residences at American River Canyon II, Willow Creek Estates East, Willow Creek Estates East No. 2, Willow Creek Estates South, and Willow Springs

06/24/2025 Item No.3.

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June 10, 2025

Draft – Not Official Until Approved by the City Council Page 3

Parks and Recreation Senior Management Analyst Jamison Larson made a presentation and responded to questions from the City Council. City Manager Bryan Whitemyer and City Attorney Steven Wang also responded to questions and provided clarifying information.

The following speakers addressed the City Council:
 Michael Aymett
 Kevin Goddard
 Bill Barcellona
 Dean Williams
 Margie Donovan
The City Council discussed the matter further, including options to maintain service level funding for the Natoma Station district pending the outcome of a new district measure to raise assessments.

Motion by Vice Mayor Raithel, second by Councilmember Rohrbough to:

1. approve Resolution No. 11399;

2. direct the Engineer of Record to include a table within the Final Engineers Report to reflect revenues and expenses to further highlight operational deficits as well as the total District account balance as of April 30, 2025; and

3. maintain funding levels for Natoma Station at 24/25 levels, pending the outcome of a new district measure to raise assessments.

Motion passed by the following roll-call vote:

AYES: Raithel, Rohrbough, Kozlowski, Leary, Aquino
NOES: None
ABSENT: None
ABSTAIN: None

PUBLIC HEARING:

11. Resolution No. 11401 - A Resolution Adopting the Fiscal Year 2025-26 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority
City Manager Bryan Whitemyer and Finance Director Stacey Tamagni made a presentation and responded to questions. In his remarks, the City Manager conveyed staff’s request that the City Council continue approval of the budget to the next meeting to allow the Council and public additional time to review the recently updated budget documents.

The City Council discussed the proposed budget.

Mayor Aquino opened the public hearing at 9:09 p.m. Hearing no speakers, the public hearing was closed.

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File 034-21 25-001
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June 10, 2025

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Motion by Councilmember Rohrbough, second by Councilmember Kozlowski, to continue the item to the next meeting. Motion passed by the following roll-call vote:

AYES: Raithel, Rohrbough, Kozlowski, Leary, Aquino
NOES: None
ABSENT: None
ABSTAIN: None

CITY MANAGER REPORTS
City Manager Bryan Whitemyer provided an update on the Folsom Water Infrastructure Project, noting that approximately 31% is complete. He also warned the public about recent email scams impersonating city staff and emphasized that staff will never request wire transfers or use non-city email addresses. On public safety, Mr. Whitemyer highlighted a recent conviction in a fentanyl overdose case, where the Folsom Police Department’s Special Investigations Unit played a key role. He reminded the public to observe safety at railroad crossings and thanked all who participated in the recent Wildfire Preparedness Open House. Lastly, congratulations were extended to Folsom PD’s Team Liberty for winning the Battle of the Badges Blood Drive, with thanks to all blood donors who participated.

COUNCIL COMMENTS
Councilmember Rohrbough thanked Mayor Aquino for graciously hosting a recent gathering at her home for the Executive Management Team and their families. She expressed appreciation for the warm and welcoming atmosphere and noted it was a great opportunity to connect with colleagues and meet their families.

Councilmember Leary echoed appreciation for the recent event hosted by Mayor Aquino, complimenting her hospitality. She thanked staff for their support on challenging issues, including Natoma Station L&L matters, and the budget. She wished Communications Director Christine Brainerd a happy birthday and commended her efforts in helping communicate key issues to the public.

Councilmember Leary also spoke about her visit to the new UC Davis facility in Folsom, expressing pride in the institution as both her alma mater and former employer. She also noted progress at the new Marriott Hotel site and reflected on her role, alongside Vice Mayor Raithel, in approving both projects while serving on the Planning Commission. Finally, she encouraged residents - particularly those in Natoma Station - to sign up for Community Service Day projects, emphasizing the importance of community engagement and collective effort.

Mayor Aquino reported on her attendance at the Greater Sacramento Economic Council (GSEC) Board Retreat, highlighting a presentation by site selection expert Bob Hess of Newmark. Mr. Hess, who previously assisted with bringing Intel to Folsom, has been retained to conduct a reverse site selection analysis to enhance the Sacramento region’s appeal to industries such as semiconductor and EV battery manufacturing. She noted key factors in site selection include energy cost and availability, land availability, and permitting speed. Mr. Hess also emphasized the importance of strong educational infrastructure, quality of place, and civic pride - qualities Mayor Aquino noted are present in Folsom.

Additionally, she shared that the Sacramento region has achieved compliance with the 2008 ozone standard after years of being in severe non-attainment. As a board member of the local air quality district, she announced that a ceremony recognizing this milestone is expected later this year, likely at the air monitoring station behind City Hall.

06/24/2025 Item No.3.

File 034-21 25-001
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June 10, 2025

Draft – Not Official Until Approved by the City Council Page 5

ADJOURNMENT
There being no further business to come before the City Council, the meeting was adjourned at 9:17 pm.

SUBMITTED BY:

_______________________________
Christa Freemantle, City Clerk
ATTEST:

______________________________
Sarah Aquino, Mayor

06/24/2025 Item No.3.

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06/24/2025 Item No.3.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Consent Calendar
SUBJECT: Resolution No. 11404 - A Resolution Authorizing the City Manager to Execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174 -21 18 -087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom for a Three-Year Period for $115,290 from the Water Operating Fund (Fund 520)

FROM: Environmental and Water Resources Department

RECOMMENDATION / CITY COUNCIL ACTION

The Environmental and Water Resources Department recommends the City Council pass and adopt Resolution No. 11404 - A Resolution Authorizing the City Manager to Execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174 -21 18-087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom for a Three-Year Period for $115,290 from the Water Operating Fund (Fund 520)

BACKGROUND / ISSUE

The City has been working with San Juan Water District (SJWD) pertaining to federal water - related advocacy services and recently included Carmichael Water District (CWD) in Fiscal Year 2023-24. Our agencies continue to work together as direct diverters fro m Folsom Dam and Reservoir and the American River on federal legislative advocacy related to funding and water supply. As direct diverters from Folsom Dam and Reservoir and from the American River, our agencies share many common federal legislative advocac y interests that can impact federal funding and local water supplies.

In November 2018, the City of Folsom entered into a memorandum of agreement (MOA) with San Juan Water District to engage The Ferguson Group (TFG) to continue lobbying efforts on behal f of the two partner agencies for a not to exceed fee of $30,000. In July 2024, the City executed Amendment No. 7 to the MOA, with the annual total contract amount of $36,000. The terms of

06/24/2025 Item No.4.
2 the MOA have expired; however legislative advocacy is still necessary to address unforeseen Federal issues related to the Delta Plan, proposed Central Valley Project (CVP) re - operational plans, and policy renewal processes with the U.S. Bureau of Reclamation Municipal and Industrial allocations. All these issues may impact the operations and water system allocations at Folsom Dam and Reservoir.

In May 2016, the partner agencies began a Request for Proposal (RFP) process for federal lobbying services for Fiscal Year 2017 through 2019. Three proposals were received and reviewed. Through the RFP process, the Water Purveyors selected The Ferguson Group, LLC as the most qualified and experienced federal lobbying group to perform these services. The Ferguson Groups remains the most qualified and experienced federal lobbying group to represent the City’s federal water related interests. Amendment No. 8 to the MOA will allow the partner agencies to continue to share financial and staff resources in Fiscal Year 2025-26, Fiscal Year 2026-27, and Fiscal Year 2027-28 for federal advocacy water issues important to Folsom, San Juan Water District, and Carmichael Water District.

POLICY / RULE

In accordance with Chapter 2.36 of the Folsom Municipal Code, supplies, equipment, services, and construction with a value of $75,049 or greater shall be awarded by City Council.

ANALYSIS

During the past decade, City Council and staff have been continually involved in working with Federal elected officials and agencies on a number of issues of significant importance to the City of Folsom, San Juan Water District, Carmichael Water District and the region. The Ferguson Group (TFG) has been under contract since 2002 with SJWD and the City of Folsom to represent issues related to water reliability projects at the Folsom Reservoir. This effort has been very successful in having our concerns heard at the Federal level. This amendment to the Memorandum of Agreement will provide water-related federal advocacy services through Fiscal Year 2027-28.

In January 2016, the City of Folsom and San Juan Water District began a Request for Proposal (RFP) process for federal lobbying services for Fiscal Year 2017. The RFP allowed the agencies to continue to share financial and staff resources for federal advocacy issues important to Folsom and its partners. As agencies who share a common interest in water supply from Folsom Reservoir, federal advocacy remains a critical component to having the City’s issues related to water supply reliability heard at the federal level. Through the RFP process, the partner agencies selected The Ferguson Group, LLC as the most qualified and experienced federal lobbying group to perform these services.

The Ferguson Group interacts regularly with the U.S. Bureau of Reclamation, the U.S. Army Corps of Engineers, and a myriad of other federal departments, bureaus, and agencies on behalf of the City — both in Washington, D.C. and locally. The Ferguson Group's strong relationships with key officials and staff members in these agencies are critical to the success of the City's federal lobbying program.

06/24/2025 Item No.4.
3 The Environmental and Water Resources Department recommends that the City Council authorize the City Manager to execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174-21 18-087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom.

FINANCIAL IMPACT

The City’s cost share for continuing support of the lobbying effort is for an amount not to exceed $37,800 for services provided from July 1, 2025 through June 30, 2026; $37,800 for services provided from July 1, 2026 through June 30, 2027; and $39,690 for services provided from July 1, 2027 through June 30, 2028. Funding for this work is included in the proposed Fiscal Year 2025-26 Preliminary Operating Budget under the Water Operating Fund (Fund 520) . It is also planned to be included in the Water Operating Fund (Fund 520) budgets for Fiscal Years 2026-27 and 2027-28 as part of the annual adoption process. Amendment No. 8 to the MOA will cover the City’s share of services through June 30, 2028.

ENVIRONMENTAL REVIEW

The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment (CEQA Guidelines §15061(b)(3). The Ferguson Group’s contract work scope does not include the potential for a significant environmental effect, and therefore is not subject to CEQA.

ATTACHMENTS

1. Resolution No. 11404 - A Resolution Authorizing the City Manager to Execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174 -21 18 -087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom for a Three -Year Period for $115,290 from the Water Operating Fund (Fund 520)

2. Amendment No. 8 to the Memorandum of Agreement Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom

Submitted,

Marcus Yasutake, Director

ENVIRONMENTAL AND WATER RESOURCES DEPARTMENT

06/24/2025 Item No.4.

Attachment 1

06/24/2025 Item No.4.

Resolution No. 11404

RESOLUTION NO. 11404

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 8 TO THE MEMORANDUM OF AGREEMENT (CONTRACT NO. 174-21 18-087) REGARDING SHARING OF COSTS FOR LEGISLATIVE ADVOCACY

SERVICES BETWEEN SAN JUAN WATER DISTRICT AND THE CITY OF FOLSOM FOR A THREE-YEAR PERIOD FOR $115,290 FROM THE WATER OPERATING FUND (FUND 520)

WHEREAS, the City has been working with San Juan Water District and Carmichael Water District pertaining to federal water-related advocacy services; and

WHEREAS, San Juan Water District and the City of Folsom selected The Ferguson Group, LLC as the most qualified and experienced federal lobbying group through a competitive selection process and they remain the most qualified and experienced with City related federal water issues; and

WHEREAS, Federal legislative advocacy services are still important and needed to address federal water issues; and

WHEREAS, the agreement with San Juan Water District will be for a not to exceed fee of $37,800 for Fiscal Year 2025-26; $37,800 for Fiscal Year 2026-27; and $39,690 for Fiscal Year 2027-28; and

WHEREAS, the funds have been included in the proposed Fiscal Year 2025-26 Preliminary Operating Budget under the Water Operating Fund (Fund 520) and it also planned to be included in the Water Operating Fund budgets for Fiscal Years 2026-27 and 2027-28 as part of the annual budget adoption process; and

WHEREAS, Amendment No. 8 to the Memorandum of Agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom Authorizes the City Manager to Execute Amendment No. 8 to the Memorandum of Agreement (Contract No. 174 -21 18 -087) Regarding Sharing of Costs for Legislative Advocacy Services Between San Juan Water District and the City of Folsom for a Three -Year Period for $115,290 from the Water Operating Fund (Fund 520).

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):
___________________________________
Sarah Aquino, MAYOR
ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.4.

Attachment 2

06/24/2025 Item No.4.

Amendment No. 8 to MOA
SJWD and City of Folsom – TFG Advocacy

AMENDMENT No. 8 TO THE MEMORANDUM OF AGREEMENT

REGARDING SHARING OF COSTS FOR LEGISLATIVE ADVOCACY SERVICES

BETWEEN THE SAN JUAN WATER DISTRICT AND THE CITY OF FOLSOM

This is Amendment No. 8 to the Memorandum of Agreement Regarding Sharing of Costs for Legislative Advocacy Services (“MOA”) made between the San Juan Water District (“District”) and the City of Folsom (“City”) as of July 1, 2023. The District and the City are hereinafter collectively referred to as the “Parties.”

RECITALS

WHEREAS, the Parties entered into the MOA dated September 1, 2018, for the cost sharing of federal legislative advocacy services, by The Ferguson Group.

WHEREAS, this amendment will extend the amended MOA for three years to and through June 30, 2028, at the not to exceed expenditure of (1) $75,600 for services provided from July 1, 2025 through June 30, 2026; (2) $75,600 for services provided from July 1, 2026 through June 30, 2027; and, (3) $79,380 for services provided from July 1, 2027 through June 30, 2028 (inclusive in all years of regular business expenses).

WHEREAS, the aforementioned not to exceed expenditure amounts result in the City’s 50% cost share being $37,800 ($3,150 per month) for the first two years of the extension, and $39,690 ($3,307.50 per month) for the third year.

WHEREAS, it is understood by the Parties that each year’s funding of the City’s cost share is dependent upon inclusion in the City’s annual budget, which is subject to approval by the City Council.

NOW, THEREFORE, the Parties hereto agree as follows:

AGREEMENT

1. Section 3 of the MOA is amended to read that it “shall remain in full force and effect through June 30, 2028,” instead of June 30, 2019, while retaining all other language in the Section.

2. The previously amended Section 4 of the MOA is amended again, retaining all language except the following, to read:

4. Ceiling Price: In no event shall the total cost of lobbying and support services procured pursuant to this MOA over the fiscal year beginning July 1, 2025 and ending June 30, 2026, and the fiscal year beginning July 1, 2026 and ending June 30, 2026, exceed seventy-five thousand six hundred dollars to be paid by the Parties, and in the fiscal year beginning July 1, 2027 and ending June 30, 2028 exceed seventy-nine thousand three hundred and eighty dollars to be paid by the parties….”

06/24/2025 Item No.4.

Amendment No. 8 to MOA
SJWD and City of Folsom – TFG Advocacy

3. All other terms and conditions in the MOA shall remain in full force and effect to the extent they are not in conflict with this Amendment.

4. The signatures of the Parties to this Amendment may be executed and acknowledged on separate pages or in counterparts which, when attached to this Amendment, shall constitute one complete Amendment.

IN WITNESS WHEREOF, the Parties execute this Amendment, effective as of July 1, 2025.

SAN JUAN WATER DISTRICT CITY OF FOLSOM
A Community Services District a Municipal Corporation

BY: _____________________________ BY: _______________________________ Paul Helliker, General Manager Bryan Whitemyer, City Manager

Funding Available:

BY: ________________________________
Stacey Tamagni, Finance Director

ORIGINAL APPROVED AS TO CONTENT:

BY: ________________________________
Marcus Yasutake, Environmental &
Water Resources Director

ORIGINAL APPROVED AS TO FORM:

BY: ________________________________
Steven Wang, City Attorney

ATTEST:

BY: ________________________________
Christa Freemantle, City Clerk

06/24/2025 Item No.4.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Consent Calendar
SUBJECT: Resolution No.11406 – A Resolution Authorizing the City Manager to Execute an Agreement with Mesa Energy Services Inc. for $372,516 from the General Fund (Fund 010) for the Folsom Community Center and Rotary Clubhouse Commercial Kitchen Equipment Replacement

FROM: Parks and Recreation Department

RECOMMENDATION / CITY COUNCIL ACTION
Staff recommends the City Council Approve Resolution No.11406 – A Resolution Authorizing the City Manager to Execute an Agreement with Mesa Energy Services Inc. for $372,516 from the General Fund (Fund 010) for the Folsom Community Center and Rotary Clubhouse Commercial Kitchen Equipment Replacement.

BACKGROUND / ISSUE
The commercial kitchen equipment at the Folsom Community Center and Rotary Clubhouse are all existing equipment from the time of initial construction. The pieces of equipment have been in operation for 25-30 years. Regular and emergency maintenance has occurred on several units that have caused some of the equipment to be rendered unusable. Both of these facilities are in high demand from individuals, businesses, and organizations for events and gatherings in which having use of the kitchen is necessary.

The Parks & Recreation Department issued a Request for Proposal (RFP) for commercial kitchen equipment purchase, removal and installation services at the Folsom Community Center and Rotary Clubhouse on April 1, 2025. A mandatory facility and project walk through was held on April 10, 2025, where 5 representatives attended. During this project meeting staff shared the importance of the available time to complete this project and received verbal commitment from all vendors present that a 5-day window to complete the work was sufficient from what they were there to review. Additionally, vendors were able to discuss with the staff the electrical and gas connections to ensure seamless replacement of all new equipment with current electrical and gas supplies. Staff released an RFP for proposals with criteria of technical skills and project costs

06/24/2025 Item No.5.
2 due to the age of the equipment and the short window of time to complete the project. The proposals were evaluated based on a weighted response for the technical skills including relevant experience, project understanding and ability to complete work in the allotted timeframe, in addition to costs to ensure the best value for the project following the Folsom Municipal Code.

In the review of the proposals three staff from the Parks & Recreation Department (Recreation Manager, Facilities Manager, Sr. Recreation Coordinator) evaluated and scored the proposals.

The total cost of this project is under the allocated budget for this project of approximately $35,000. Any savings from this project, staff recommends transferring these funds into the facilities capital improvement fund.

POLICY / RULE
In accordance with Chapter 2.36 of the Folsom Municipal Code, Public Works projects or purchases costing $75,049 or greater shall be awarded by the City Council.

In accordance with the Folsom Municipal Code, Chapter 2.36.110, the award of a contract shall be made to the responsible offer or whose proposal is determined in writing to be the most advantageous to the City, taking into consideration price and quality through the evaluation of technical skills outlined in the request for proposals.

ANALYSIS
The RFP was publicly advertised, and the due date was April 30, 2025. A total of 6 proposals were received by April 30, 2025. One proposal was not reviewed as they did not attend the mandatory facility and project walk through that was scheduled on April 10, 2025. A full review of 5 proposals was conducted by staff from the Parks & Recreation Department including the Facilities Manager, Recreation and Community Services Manager, and the Senior Recreation Coordinator. During this review it was determined that another proposal was not responsive to the RFP as they indicated that this job was being quoted as a non-prevailing wage job. Therefore, four proposals were scored based upon submission.

Technical Skills
Each evaluator reviewed the technical portion for the project based on a weighted score. The proposals scored experience and staffing (25 points), project understanding (20 points), and deliverables for delivering the project on time (30 points). Each technical skill was given a weighted score with a maximum of 75 points. The technical evaluations scoring is shown below in Table 1.

TABLE 1 – Score for technical skills (75 points maximum)

Consultant PR 1 PR 2 PR 3 Average
Mesa Energy Services 73 68 75 72
Douglas Equipment 69 65 64 66
Federal Supply 66 62 62 63
HCI Inc 62 60 59 60

06/24/2025 Item No.5.
3 In the review of proposals staff focused on the information presented in the proposal to ensure that the individuals had the experience and staffing to confidently complete the work in the allotted 5-day window at each facility. Both of these facilities are highly impacted with rentals and programs that are scheduled 12 months in advance and any delays would impact users of the facility and potential revenue. We are currently working with a small window in late August to replace the Community Center kitchen and early September to replace the Rotary Clubhouse kitchen.

After reviewing the technical skills staff scored each proposal for a maximum of 25 points on total costs. Staff reviewed the equipment costs, equipment sales tax, labor/installation costs, and any other costs to be associated with the project including prevailing wage. During this review it was concluded that some of the proposals were missing costs including the prevailing wage and sales tax. The total costs of the project is listed on Table 2.

TABLE 2 – Total Project Costs
Consultant Fee Amount
Mesa Energy Services $354,777.00
Douglas Equipment $328,446.12
Federal Supply $319,125.33
HCI Inc. $317,308.00

Table 3 shows the overall total scores including technical skills and project costs based on a maximum score of 100.

TABLE 3 – Score for technical skills and cost (100 points maximum)

Consultant Technical Score Cost Score Total Score
Mesa Energy Services 72 22 94
Douglas Equipment 66 24 90
Federal Supply 63 25 88
HCI Inc 60 25 85

Following a comprehensive evaluation of the proposals in accordance with the RFP criteria, staff recommend awarding the Commercial Kitchen Equipment Replacement contract to Mesa Energy Services Inc. The evaluation team found that Mesa Energy Services Inc. demonstrated a strong understanding of the project, with a clear understanding of the project timeline and would meet the time allotted to complete this project in collaboration with staff. Staff have confirmed that Mesa Energy Services Inc, can secure needed equipment and assemble staffing during the week of August 25, 2025, to complete the Folsom Community Center and the week of September 2, 2025, to complete the Rotary Clubhouse. Additionally, their cost proposal is considered responsive with all fees for services identified in their proposal with all equipment identified in the RFP and was the best overall value.

06/24/2025 Item No.5.
4 In accordance with the Folsom Municipal Code, Chapter 2.36.110, the award of a contract shall be made to the responsible offer or whose proposal is determined in writing to be the most advantageous to the City, taking into consideration price and the technical skills set forth in the request for proposals.

FINANCIAL IMPACT
As part of the FY 2024-25 Budget, the City Council approved $497,599 toward the purchase of Folsom Community Center tables and chairs, and the replacement of kitchen equipment at the Folsom Community Center and Rotary Clubhouse. The tables and chairs have been purchased at a cost of $87,223 leaving an available balance of $410,376. Sufficient funds are available in the FY 2024-25 budget to proceed forward with this project at the fees for service amount of $354,777 with a 5% contingency to the project for a total of $372,516 charged to account 010.2710.900.9005.

ENVIRONMENTAL REVIEW
There is no environmental impact.

ATTACHMENTS

1. Resolution No.11406 – A Resolution Authorizing the City Manager to Execute an Agreement with Mesa Energy Services Inc. for $372,516 from the General Fund (Fund 010) for the Folsom Community Center and Rotary Clubhouse Commercial Kitchen Equipment Replacement

Submitted,

Kelly Gonzalez,
Parks & Recreation Department Director

06/24/2025 Item No.5.

Resolution No. 11406

RESOLUTION NO.11406

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH MESA ENERGY SERVICES INC. FOR $372,516 FROM THE GENERAL FUND (FUND 010) FOR THE FOLSOM COMMUNITY CENTER AND

ROTARY CLUBHOUSE COMMERCIAL KITCHEN EQUIPMENT REPLACEMENT

WHEREAS, Folsom Community Center was built in 199 4 and has provided the community with a memorable gathering place for families, businesses and organizations; and

WHEREAS, the Robert H. Miller III Rotary Clubhouse was built in 1997 and has provided the community with a memorable gathering place for families, businesses and organizations; and

WHEREAS, the kitchen equipment at both facilities is original to the building and requires replacement for continued operation and community use; and

WHEREAS, on April 1, 2025, staff issued a Request for Proposal for commercial kitchen equipment removal, purchase, and installation pursuant to Section 2.36.110 of the Folsom Municipal Code; and

WHEREAS, by April 30, 2025, staff received four qualified proposals; and

WHEREAS, following evaluation and ranking of the proposals, Mesa Energy Services Inc. was selected based on their qua lifications, project understanding , ability to complete the project in the allotted time, and responsive to fees for services; and

WHEREAS, sufficient funds are budgeted and available in the FY 2024-25 budget; and

WHEREAS, the Professional and Consulting Services Agreement shall be in a form acceptable to the City Attorney.

NOW, THEREFORE, BE IT RESOLVED that the City Manager is authorized to execute a Professional and Consulting Services Agreement with Mesa Energy Services Inc. for commercial kitchen equipment removal, purchase, and installation services for the Folsom Community Center and Robert H. Miller III Rotary Clubhouse , for $354,777 with a 5% contingency amount of $17,739, for a total not-to-exceed amount of $372,516 from the General Fund (010).

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):
___________________________________
Sarah Aquino, MAYOR

ATTEST:
________________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.5.

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06/24/2025 Item No.5.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Consent Calendar
SUBJECT: Resolution No. 11413 - A Resolution Authorizing the City Manager to Execute a Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. for $136,029.20 for Construction Inspection and Materials Testing for the Pavement Repair and Resurfacing Project FY 2024-25 from the Measure A Fund (Fund 276)

FROM: Public Works Department

RECOMMENDATION / CITY COUNCIL ACTION

The Public Works Department recommends that the City Council pass and adopt Resolution No. 11413 – A Resolution Authorizing the City Manager to Execute a Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. for $136,029.20 for Construction Inspection and Materials Testing for the Pavement Repair and Resurfacing Project FY 2024-25 from the Measure A Fund (Fund 276).

BACKGROUND / ISSUE

On April 22, 2025, the Folsom City Council approved the City of Folsom Public Works Department’s annual Pavement Repair and Resurfacing Project. This citywide initiative is part of an ongoing effort to preserve and maintain the integrity of existing roadways within the public right -of-way. The scope of work for this project includes asphalt milling and replacement, crack filling, slurry sealing, installation of new concrete gutters, sidewalks, and curbs, as well as the removal and replacement of ADA-compliant ramps and manhole covers.

Additional work includes curb painting, application of pavement markings, and installation of thermoplastic striping. A project overview map is included as Exhibit A.

The Public Works Department currently lacks adequate in-house staffing with the specialized training and availability required to perform daily inspection and materials testing for a project

06/24/2025 Item No.6.
2 of this scale. To ensure that the project is executed in ac cordance with engineering standards, budget constraints, and schedule requirements, it is necessary to retain a qualified consultant with expertise in construction inspection and materials testing. Engaging an experienced consultant will support the department’s objective of delivering a high-quality, cost-effective, and timely pavement rehabilitation project.

POLICY / RULE

Section 2.36.080, Award of Contracts of the Folsom Municipal Code states, in part, that contracts for supplies, equipment, services , and constructio n with an estimated value of $75,049 or greater shall be awarded by City Council.

ANALYSIS

On May 13, 2025, Public Works staff issued a Request for Proposals (RFP) to three firms previously shortlisted under the City’s On -Call Constructio n Management, Inspection, and Materials Testing Services list. The RFP clearly specified a submission deadline of May 22, 2025. By the deadline, two proposals were received—from Ghirardelli Associates and 4LEAF.

A third proposal, submitted on June 6, 2025, was received after the deadline and was therefore deemed ineligible for consideration. A review panel composed of three Public Works engineers independently evaluated and scored the two eligible proposals in accordance with the criteria outlined in the RFP.

The summary of the review scores is as follows:

Firm Name Total Score
Ghirardelli Associates, Inc. 84
4LEAF, Inc. 60
UNICO Engineering, Inc. DID NOT REVIEW

After reviewing the submitted proposals, Public Works staff selected the top -ranked firm, Ghirardelli Associates, Inc., to provide these services for the duration of the Pavement Repair and Resurfacing Project FY 2 024-25, scheduled to begin in early July 2025 . Ghirardelli Associates, Inc. has provided a scope and fee to pr ovide the Construction Inspection and Materials Testing in the amount of $136,029.20.

Staff will use the City’s standard agreement in a form acceptable to the City Attorney.

FINANCIAL IMPACT

Staff is requesting that a Consultant Services agreement with Ghirardelli Associates, Inc. in the amount of $136,029.20 be authorized for the Pavement Repair and Resurfacing Project FY 2024-25.

06/24/2025 Item No.6.
3 Funds in the amount of $136,029.20 are budgeted and available in the Street Overlay/Pavement Management Project, Project No. 8017, utilizing Measure A Funds (Fund 276).

ENVIRONMENTAL REVIEW

This project has been deemed Categorically Exempt from California Environmental Quality Act (CEQA) environmental review based on Class 1: Existing Facilities.

ATTACHMENTS

1. Resolution No. 11413 – A Resolution Authorizing the City Manager to Execute a Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. for $136,029.20 for Construction Inspection and Materials Testing for the Pavement Repair and Resurfacing Project FY 2024-25 from the Measure A Fund (Fund 276)

2. Exhibit A – Project Overview Map

Submitted,

____
Marcus Yasutake, Interim PUBLIC WORKS DIRECTOR

06/24/2025 Item No.6.

Attachment 1

06/24/2025 Item No.6.

Resolution No. 11413

RESOLUTION NO. 11413

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH
GHIRARDELLI ASSOCIATES, INC. FOR $136,029.20 FOR CONSTRUCTION

INSPECTION AND MATERIALS TESTING FOR THE PAVEMENT REPAIR AND RESURFACING PROJECT FY 2024-25 FROM THE MEASURE A FUND (FUND 276)

WHEREAS, the Pavement Repair and Resurfacing Project FY 2 024-25 is scheduled to begin in July and will require full-time construction inspection staff and materials testing; and

WHEREAS, project specific proposals were received from three firms, Ghirardelli Associates, Inc, 4LEAF, Inc., and UNICO Engineering, Inc.; and

WHEREAS, staff selected Ghirardelli Associates, Inc. to provide these services based on proposed project staff, project understanding, and experience with similar types of projects , for a not to exceed amount of $136,029.20: and

WHEREAS, funds in the amount of $136,029.20 are budgeted and available in the Street Overlay/Pavement Management Project, Project No. 8017, utilizing the Measure A Fund (Fund 276); and

WHEREAS, the agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes the City Manager to execute a Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. for Construction Inspection and Materials Testing for the Pavement Repair and Resurfacing Project FY 2024-25 in the amount of $136,029.20.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

___________________________________
Sarah Aquino, MAYOR
ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.6.

Attachment 2

06/24/2025 Item No.6.

Trail Overcrossing
Patches & Striping
Oak Avenue Pkwy
Digout Patches
E Bidwell St
Patch MH
Golf Links Dr
Mill & Replace Patches,
Minor Striping
City Hall Driveway
Mill & Replace
Historic District
Digouts & Striping
Lembi Park
Slurry Seal
Los Cerros
Patches & Slurry Seal
Iron Point Rd
Patches,
Slurry Seal,
& Restriping
McAdoo Dr
Digouts at MH's
Halidon Way
Patch Manholes
E Natoma St
Mill & Replace Patch,
Minor Striping
Briggs Ranch
Digouts & Slurry Seal
2025 Pavement Project Details
E Bidwell St
Mill & Replace
Costco Driveways
Mill & Replace, Striping
Stonemill Circle
Patch Around Manholes,
Minor Striping
Pavement Repair and Resurfacing FY 2024-25

06/24/2025 Item No.6.

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06/24/2025 Item No.6.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Public Hearing
SUBJECT: City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

i. Resolution No. 11408 – A Resolution of the City Council of the City of Folsom Forming a Community Facilities
District and Levying Special Taxes Therein

ii. Resolution No. 11409 – A Resolution of the City Council of the City of Folsom Deeming it Necessary to Incur
Bonded Indebtedness in and for City of Folsom
Community Facilities District No. 20-1 (Russell Ranch 2)

iii. Resolution No. 11410 – A Resolution of the City Council of the City of Folsom Calling Special Mailed-Ballot
Election in the City of Folsom Community Facilities
District No. 20-1 (Russell Ranch 2)

iv. Resolution No. 11411 – A Resolution of the City Council of the City of Folsom Declaring Election Results in the City of Folsom Community Facilities District No. 20-1
(Russell Ranch 2)

v. Ordinance No. 1352– An Uncodified Ordinance Levying
Special Taxes for the Fiscal Year 2025-26 and Following Fiscal Years Solely within and Relating to the City of
Folsom Community Facilities District No. 20-1 (Russell
Ranch 2) (Introduction and First Reading)

FROM: Finance Department

06/24/2025 Item No.7.
2 RECOMMENDATION / CITY COUNCIL ACTION

It is recommended that the City Council approve the following resolution s and conduct the first reading of the ordinance:

i. Resolution No. 11408 – A Resolution of the City Council of the City of Folsom Forming a Community Facilities District and Levying Special Taxes Therein

ii. Resolution No. 11409 – A Resolution of the City Council of the City of Folsom Deeming it Necessary to Incur Bonded Indebtedness in and for City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

iii. Resolution No. 11410 – A Resolution of the City Council of the City of Folsom Calling Special Mailed-Ballot Election in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

iv. Resolution No. 11411 – A Resolution of the City Council of the City of Folsom Declaring Election Results in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

v. Ordinance No. 1352– An Uncodified Ordinance Levying Special Taxes for the Fiscal Year 2025-26 and Following Fiscal Years Solely within and Relating to the City of Folsom Community Facilities District No. 20 -1 (Russell Ranch 2) (Introduction and First Reading)

BACKGROUND / ISSUE

Community Facilities District No. 20 (Russell Ranch) (CFD No. 20) was established by the City Council of Folsom under the Mello-Roos Act to support the construction and acquisition of public improvements for properties within the district. CFD No. 20 spans approximately 437.6 acres located in the City of Folsom, east of Plac erville Road between Highway 50 and White Rock Road. The district was formally created on November 14, 2017, through Resolution No. 10035.

Planned development within CFD No. 20 includes a total of 1,025 residential units: 175 single- family units, 618 high-density single-family units, and 232 low-density multi-family units. The property development within CFD No. 20 is progressing in three main phases, with properties at various stages, including completed homes, homes under construction, finished lots, and partially improved lots. Each phase includes multiple villages. Phase 1 consists of lots owned by TNHC Northern California and Anthem United, while Phases 2 and 3 comprise lots owned by Lennar Homes of California, LLC (the Developer), AG Essential Housing CA 4, L.P., and TPG AG EHC III (LEN) CA 5, L.P. (the Landbank).

CFD No. 20 has issued two series of special tax revenue bonds. The first, Series 2018, was issued on June 5, 2018, for $13,255,000 to fund improvements acquired from TNHC Russell

06/24/2025 Item No.7.
3 Ranch, LLC, as outlined in the Acquisition and Shortfall Agreement with the City of Folsom.

The second, Series 2022, issued on December 8, 2022, for $11,225,000, supports improvements acquired from Lennar Homes of California, LLC, per the First Amendment to the Acquisition and Shortfall Agreement.

The estimated cost for constructing all required facilities for CFD No. 20 is approximately $108,153,600, covering backbone infrastructure, soft costs, and subdivision infrastructure.

Backbone infrastructure improvements in clude upgrades to transportation, water systems, recycled water systems, drainage, wastewater, parks, parkways, and open spaces. Subdivision infrastructure encompasses underground utilities, roadways, street lighting, sound walls, and landscaping.

The Dev eloper has requested the City’s approval for an overlay district, City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (CFD No. 20-1) within a portion of CFD No. 20. This overlay CFD No. 20 -1 would be comprised of the parcel within Phase 2, Village 5, Assessor’s Parcel Number 072-3510-005-0000. Village 5, projected to contain 118 multi-family low -density units, had not yet seen any building permits or Certificates of Occupancy issued as of April 30, 2025. The Developer proposed including all 118 units in the overlay district.

On May 13, 2025, this City Council appointed consultants; approved a proposed boundary map; declared the intention to form CFD No. 20 -1; and authorized the City to levy special taxes within CFD No. 20-1 by passage of Resolution No. 11374. On that same date, this City Council declared the necessity for incurring bonded indebtedness in and for CFD No. 20-1 by passage of Resolution No. 11375.

A Public Hearing is required as part of the formation process of a Community Facilities District. Notice of the hearing was mailed to the landowner within CFD No. 20 -1 on June 4, 2025 and published in the Folsom Telegraph on June 13, 2025. A copy of the required CFD Public Hearing Report has been made available in the City Clerk’s office since June 13, 2025 and is also included with this report as Attachment 6.

POLICY / RULE

Chapter 5 of the Folsom Plan Area Public Facilities Financing Plan authorizes the formation of CFDs to finance the construction, acquisition, and servicing of Folsom Plan Area backbone infrastructure and public facilities.

Section 2.5.3 of the First Amend ed and Restated Tier 1 Development Agreement authorizes the formation of infrastructure CFDs.

Resolution No. 9282 – A Resolution of the City Council of the City of Folsom Approving Goals and Policies for Community Facilities Districts, provides guidance and minimum credit criteria for the issuance of CFDs.

06/24/2025 Item No.7.
4 ANALYSIS

CFD No. 20-1 would be structured as a standard -term CFD and would provide the necessary funding to help fund a portion of the CFD No. 20 subdivision infrastructure. These subdivision infrastructure costs will be financed using both bond proceeds and Pay-As-You-Go (PAYGO) special tax revenues. PAYGO may only be levied against developed property, and after the issuance of the first series of Bonds, PAYGO costs will no longer be levied and wil l not be included in determining the annual special tax requirement. The subdivision costs to be funded via CFD No. 20-1 were originally anticipated to be funded by CFD No. 20 and include items listed in the First Amendment to the Acquisition and Shortfall Agreement dated August 25, 2023, between the City and the Developer.

The special tax revenue generated from taxable parcels within CFD No. 20-1 will be comprised solely of a special tax to fund facilities. The CFD No. 20-1 special tax will not provide funding for Russell Ranch specific services . The 2025/26 maximum special tax rates, set forth in the Rate and Method of Apportionment of Special Taxes for each residential floor plan, are provided in the table below:

Land Use Category
Residential
Floor Area
2025-2026
Maximum
Special Tax Rate Taxed Per
Developed Property:

Multi Family Low Density Property ≥ 2,000 $1,534 Residential Unit Multi Family Low Density Property 1,800 – 1,999 1,336 Residential Unit Multi Family Low Density Property < 1,800 1,280 Residential Unit Other Taxable Property Not Applicable 13,400 Acre

Small Lot Final Map Property:

Multi Family Low Density Property Not Applicable $1,280 Residential Lot

Large Lot Property: Not Applicable $13,400 Acre

The CFD No. 20-1 special tax can be levied and collected through Fiscal Year 2064/65. Each fiscal year, commencing with 2026/27, the maximum special tax rate will be increased by 2% annually.

Excluding the overlay CFD No. 20-1, the estimated effective tax rate for developed residential property within Village 5 is approximately 1.60%. Upon inclusion of CFD No. 20-1, the total projected effective tax rate for developed residential property within CFD 20-1 is 1.80% and shall not exceed 2.00% of the estimated sales price of the respective homes to be constructed in CFD 20-1.

Approving the resolutions attached:
 Forms CFD No. 20-1;
 Authorizes the levy of special taxes within CFD No. 20-1;

06/24/2025 Item No.7.
5  Deems it necessary to incur bonded indebtedness within CFD No. 20-1;  Calls for a special mailed ballot election within CFD No. 20-1; and  Declares the results of the special mailed ballot election within CFD No. 20-1

An ordinance is also being introduced to levy special taxes for Fiscal Year 2025/26 and following fiscal years. This is the first reading of the ordinance.

FINANCIAL IMPACT

The CFD No. 20-1 formation, bonded indebtedness, and expenses are solely the responsibility of CFD No. 20-1. There is no direct General Fund impact on the City of Folsom.

ENVIRONMENTAL REVIEW

An E nvironmental Impact Report (SCH No. 2014062018) was previously certified for the Russell Ranch project on May 15, 2015 by the City Council in accordance with the requirements of the California Environmental Quality Act (CEQA) and the CEQA Guidelines. Staff has determined that no new impacts will result from this proposal that were not already considered with the previous approval. No further environmental review is required.

ATTACHMENTS

1. Resolution No. 11408- A Resolution of the City Council of the City of Folsom Forming a Community Facilities District and Levying Special Taxes Therein

2. Resolution No. 11409 - Resolution of the City Council of the City of Folsom Deeming it Necessary to Incur Bonded Indebtedness in and for City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

3. Resolution No. 11410- Resolution of the City Council of the City of Folsom Calling Special Mailed Ballot Election in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

4. Resolution No. 11411 – Resolution of the City Council of the City of Folsom Declaring Election Results in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)

5. Ordinance No. 1352– An Uncodified Ordinance Levying Special Taxes for the Fiscal Year 2025-26 and Following Fiscal Years Solely within and Relating to the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (Introduction and First Reading)

6. City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) Public Hearing Report

06/24/2025 Item No.7.
6 Submitted,

Stacey Tamagni
Finance Director
Treasurer of the Folsom Ranch Financing Authority

06/24/2025 Item No.7.

Attachment 1

06/24/2025 Item No.7.

Resolution No. 11408

RESOLUTION NO. 11408

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOLSOM

FORMING A COMMUNITY FACILITIES DISTRICT AND LEVYING SPECIAL

TAXES THEREIN
WHEREAS, a community facilities district is proposed to be established (the “Community Facilities District”) under the terms of the Mello-Roos Community Facilities Act of 1982, Chapter

2.5 of Division 2 of Title 5 of the California Government Code, commencing with Section 53311 (the “Act”); and
WHEREAS, the boundaries of the Community Facilities District are described in a boundary map on file in the office of the City Clerk of the City of Folsom (the “City Clerk”); and WHEREAS, for the preliminary scope of the project and financing contemplated by these proceedings, reference is made to Resolutions No. 11374 (the “Resolution of Intention”) and No. 11375 adopted by the City Council of the City (the “City Council”) on May 13, 2025; and WHEREAS, on June 24, 2025, at the time and place scheduled for the public hearing concerning the formation of the Community Facilities District, said public hearing of protests was duly convened by the City Council, and the City Council duly heard all interested parties desiring to be heard; and
WHEREAS, the City Council determined that a majority protest under Section 53324 of the Government Code was not made at the public hearing and therefore the proposed formation of the Communities Facilities District and special tax to be levied w ithin the Community Facilities District have not been eliminated by majority protest pursuant to said Section 53324; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom, as follows:

Section 1. The City Council finds and determines that the fo regoing recitals are true and correct.

Section 2. The City Council hereby forms the Community Facilities District under the terms of the Act. The boundaries of the Community Facilities District are shown on the boundary map approved by the Resolution of Intention (the “Boundary Map”). A copy of the recorded Boundary Map is on file with the City Clerk and was recorded on May 20, 2025, at Book 146,

estate records of the County of Sacramento.

Section 3. The name of the Community Facilities District is “City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)” (“CFD 20-1”).

Section 4. The types of public facilities (the “Facilities”) proposed to be financed by CFD 20-1, and to the financing of which CFD 20-1 is proposed to contribute, are set forth on Exhibit A attached to this resolution. The City Council hereby finds and determines that these

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Facilities are necessitated to meet increased demands placed upon the City by new development occurring or anticipated within CFD 20-1.

Section 5. The types of incidental expenses and bond issuance costs proposed to be incurred are set forth on Exhibit B attached to this resolution.

Section 6. Except where funds are otherwise available, special taxes sufficient to pay for all Facilities will be annually levied within CFD 20-1. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the California Streets and Highways Code, a continuing lien to secure the related levy of the special tax shall attach to all nonexempt real property within CFD 20-1, and the lien shall continue in force and effect until the special tax obligation (or any portion thereof) is paid or prepaid and permanently satisfied and the special tax lien is cancelled in accordance with law or until collection of the special tax by the City ceases. The rate and method of apportionment of the special tax to be levied i n CFD 20-1, are set forth in Exhibit C , attached to this resolution. The special tax with respect to the Facilities on any par cel within CFD 20 -1 shall not be levied after Fiscal Year 2064-65. In the case of any special tax to pay for the Facilities and to be levied against any parcel used for private residential purposes, under no circumstances will the special tax levied against any parcel be increased as a consequence of delinquency or default by the owner of any other parcel or parcels within CFD 20 -1 by more than 10 percent of the special tax for Facilities that would be levied in that Fiscal Year but for such delinquencies or defaults.

Section 7. Advances of funds or contributions of work in kind from any lawful source, specifically including owners of property within CFD 20-1, may be reimbursed from bond proceeds or from special tax revenues or both to the extent of the lesser of the value or cost of the contribution, but any agreement to do so shall not constitute a debt or liability of the City.

Section 8. The City intends to reserve to itself the right and authority to allow bond tenders from any interested landowner within CFD 20-1 to be accepted under Government Code sections 53344.1 and 53356.8 in full or part payment of any installment of the special taxes or the interest or penalties thereon.

Section 9. The Office of Management and Budget, 50 Natoma Street, Folsom, California, (916) 355-7347, is designated as the office responsible for preparing annually a current roll of special tax levy obligations by assessor ’s parcel numb er, and for responding to inquiries regarding estimates of future special tax levies. The City Manager, the Finance Director, and the Chief Financial Officer are authorized, on behalf of the City, to negotiate and execute, from time to time, one or more contracts with private consultants to provide this service in lieu of the Office of Management and Budget, provided that the fees and charges for such private consultants will be provided for out of special tax revenues in CFD 20-1.

Section 10. Any bonds issued in these proceedings shall be callable in accordance with the provisions of the Act and as more specifically to be set forth in any resolution providing for the form, execution and issuance of bonds.

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Section 11. The special tax will be collected and enforced as a separate line item on the regular property tax bill. However, the City reserves the right, under Section 53340, to utilize any method of collecting each special tax which it shall, from time to time, determine to be in the best interests of the City, including, but not limited to, direct billing by the City to the property owners and supplemental billing.

Section 12. This City Council hereby establishes the annual appropriations limit of CFD 20-1 at $3,500,000 for the 2025-26 fiscal year.

Section 13. Based upon a certificate relative to voters heretofore filed with the City Clerk, the qualified electors for the election to be held in these proceedings shall be the landowners owning land within CFD 20-1. The City Clerk or her designee will conduct the election by mailed ballot and hereby designates the City Clerk as the official to conduct the mailed-ballot election.

Section 14. This City Council now finds and determines that all proceedings up to and including the adoption of this resolution we re and are valid and in conformity with the requirements of the Act. This determination and finding is final and conclusive in accordance with Government Code Section 53325.1(b).

Section 15. This resolution shall take effect from and after its adoption.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):
___________________________________
Sarah Aquino, MAYOR

ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

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A-4

EXHIBIT A

AUTHORIZED FACILITIES

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
Authorized facilities include any and all improvements that are included in the Specific Plan Infrastructure Fee Program adopted by the City Council on September 8, 2015, as amended to the date hereof and including any future amendments thereto. These facilities, include, but are not limited to:
- Zone 4/5 Booster Pump Station;
- Zone 5 Water Tank and Zone 6 Booster Pump Station;
- Highway 50 Water Transmission Line;
- Alder Creek Parkway Improvements; and
- Grand Prairie Improvements.

Transportation Improvements
Eligible roadway improvements include, but are not limited to: acquisition of land and easements; roadway design; project management; bridge crossings and culverts; clearing, grubbing, and demolition; grading, soil import/export, paving (including slurry seal), and decorative/enhanced pavement concrete and/or pavers; joint trenches, underground utilities and undergrounding of existing utilities; dry utilities and appurtenances; curbs, gutters, sidewalks, bike trails (including onsite and off -site), enhanced fencing, and access ramps; street lights, signalization, and traffic signal control systems; bus turnouts; signs and striping; erosion control; median and parkway landscaping and irrigation; entry monumentation; bus shelters, Bus Rapid Transit improvements including transfer stations and regional public transit improvements; masonry walls; traffic control and agency fees; and other improvements related thereto. Eligible improv ements for the roads listed above also include any and all necessary underground potable and recycled water, sanitary sewer, and storm drainage system improvements.

Authorized facilities include the following transportation improvements:
- Placerville Ro ad—from Highway 50 to White Rock Road. - Alder Creek Parkway —from Scott Road to the Empire Ranch Road. - Grand Prairie Road —from Alder Creek Parkway to Placerville Road. - Scott Road —from Alder Creek Parkway to Street “A .”

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- Empire Ranch Road —from property line to White Rock Road. - Other public roadway improvements designed to meet the needs of development within CFD No. 20 -1, including internal subdivision streets and related underground utilities.

Potable and Non -Potable Water System Improvement s
Authorized facilities include any and all on- and off-site backbone water and recycled (or non-potable water facilities) designed to meet the needs of development within CFD No. 20 -1.

These facilities include, but are not limited to, potable and non-potable mains, valves, pressure reducing stations, flow meters, fire hydrants, and other improvements related thereto such as site clearing, grading, and paving; services, and appurtenances; wells; water treatment, distribution, and storage facilities; curbs and gutters; booster pump stations; stand -by generators; site lighting, drainage, sanitary sewer, and water service; landscaping and irrigation; access gates and fencing; and striping and signage.

Drainage System Improvements
Authorized facilities include any and all drainage and storm drain improvements designed to meet the needs of development within CFD No. 20 -1. These facilities include, but may not be limited to excavation and grading, pipelines and appurtenances, outfalls, and water quality measures; detention/retention basins, drainage pretreatment facilities, drainage ways/channels, pump stations, landscaping and irrigation; access roads, gates and fencing; and striping and signage and other improvements related thereto.

Wastewater System Improvements
Authorized facilities include any and all wastewater facilities designed to meet the needs of development within CFD No. 20 -1. These facilities include, but may not be limited to, pipelines and all appurtenances thereto; manholes; tie-in to existing main line; force mains; lift stations; odor- control facilities; and permitting related thereto; and related sewer system improvements.

Park, Parkway, Open Space and Preserve Improvements
Authorized facilities include any and all improvements to parks, parkways, and open space required for development within CFD No. 20-1. These facilities include, but may not be limited to grading; turf, shrubs and trees; landscaping irrigation; site lighting; drainage; sanitary sewer and water service, pedestrian and bic ycle trails, protective fencing (including soundwalls), pedestrian/bicycle bridges; public art; active and passive park and open space improvements (including respites and overlooks); related monumentation and signage; storm drain crossings; environmental mitigation for wetlands, hawk, and other species for infrastructure under the Specific Plan Infrastructure Fee Program and authorized facilities herein; access gates and fencing; and related park, open space and preserve improvements.

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Other Incidental Expenses and Bond Issuance Costs
In addition to the above facilities, other incidental expenses as authorized by the Mello - Roos Community Facilities Act of 1982, including, but not limited to, the cost of planning and designing the facilities (including th e cost of environmental evaluation, remediation and mitigation); engineering and surveying; construction staking; utility relocation and demolition costs incidental to the construction of the public facilities; costs of project/construction management; costs (including the costs of legal services) associated with the formation of the Mello-Roos CFD; issuance of bonds (if any); determination of the amount of taxes; collection of taxes; payment of taxes; costs of calculating and providing reimbursements from one-time special tax payments; or costs otherwise incurred in order to carry out the authorized purposes of the CFD; and any other expenses incidental to the formation and implementation of the CFD and to the construction, completion, inspection and acquisition of the authorized facilities.

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EXHIBIT B

INCIDENTAL EXPENSES AND BOND ISSUANCE COSTS

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
It is anticipated that the following incidental expenses may be incurred for CFD 20-1:

Engineering services
Special tax consultant services
City review and administration
Bond counsel services
Bond counsel expenses
Disclosure counsel services
Disclosure counsel expenses
Independent financial advisor services
Appraiser services
Market absorption study and real estate economist services Initial bond transfer agent, fiscal agent, registrar and paying agent fees Rebate calculation service set up charge
Bond printing
Offering memorandum printing and mailing costs
Publishing, mailing and posting of notices
Underwriter’s discount
Bond reserve fund
Capitalized interest
Bond syndication costs
Governmental notification and filing costs
Credit enhancement costs
Real estate acquisition costs
Rating agency fees
Charges and fees of City other than those waived
Certain annual costs may be included in each annual special tax levy. These include:

Annual bond transfer agent, fiscal agent, registrar and paying agent fees Annual rebate calculation costs
Special tax consultant costs
Other necessary consultant costs
Costs of posting and collecting the special taxes
Personnel and Administrative costs of the City
Arbitrage rebate
Continuing disclosure reporting and compliance

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EXHIBIT C

RATE AND METHOD OF APPORTIONMENT

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
[ATTACHED]

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RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES

FOR CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
A Special Tax, as hereinafter defined, shall be levied and collected within the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (“CFD No. 20-1”) each Fiscal Year commencing in Fiscal Year 2025-2026, in an amount determined by the application of the procedures below. All Taxable Property within CFD No. 20-1, as hereinafter defined, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. GENERAL DEFINITIONS
The terms hereinafter set forth have the following meaning:
“Accessory Dwelling Unit” or “ADU” means all Assessor’s Parcels of Residential Property for which a building permit(s) has been issued for an “Accessory Dwelling Unit” as defined in California Government Code Section 66313, as may be amended from time to time, that is accessory to a Residential Unit.
“Acre or Acreage” means the land area of an Assessor’s Parcel as shown on County records, such as an Assessor’s Parcel Map and secured roll data, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable Large Lot Map, Small Lot Final Subdivision Map, condominium plan, record of survey, or other recorded document creating or describing the parcel.

If the preceding maps for a land area are not available, the Acreage of such land area may be determined utilizing available spatial data and GIS. The square footage of an Assessor’s Parcel is equal to the Acreage of such parcel multiplied by 43,560.
“Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1, Division 2 of Title 5 of the Government Code of the State. “Administrative Expenses” means the actual or reasonably estimated costs directly related to the administration of CFD No. 20-1 including, but not limited to, the following: the costs of any paying agents/fiscal agents/trustees related to Bond payments (including the fees and expenses of related counsel); the costs of computing the Special Tax Requirement, the Special Taxes and of preparing the collection schedules for the Special Taxes; the costs of collecting the Special Taxes, including any charges levied by the County Auditor’s Office, County Tax Collector’s Office or County Treasurer’s Office; the costs of the City or designee in complying with the disclosure requirements associated with applicable federal and state securities laws, or otherwise related to CFD No. 20-1 or the Bonds; the City’s annual administration fees and third party expenses; costs of responding to public inquiries regarding the Special Taxes; the costs of the City or designee related to an appeal of the Special Tax or interpretation of this Rate and Method of Apportionment of Special Taxes; amounts needed to pay any required arbitrage rebate to the federal government related to the Bonds; the costs associated with the release of funds from any escrow account; and the costs of commencing and pursuing to completion any foreclosure action arising from delinquent Special Taxes in CFD No. 20-1.

Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 20- 1 for any other administrative purposes of CFD No. 20-1.

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“Assessor’s Parcel”or “Parcel” means a lot or parcel shown in an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.
“Assessor’s Parcel Map” means an official map of the County Assessor of the County designating lots or parcels by an Assessor’s Parcel number.
“Assessor’s Parcel Number” or “APN” means, with respect to an Assessor’s Parcel, that number assigned to such Assessor’s Parcel by the County for purposes of identification. “Bond Year” means a one year period beginning on September 2 nd in each year and ending on September 1st in the following year, unless defined differently in the applicable Indenture. “Bonds” means bonds or other debt (as defined in section 53317 of the Act), whether in one or more series, issued or assumed by or on behalf of the City for CFD No. 20-1 under the Act, and secured by the pledge of the Special Taxes.
“Building Permit” means a permit issued by the City for new construction of a residential or non- residential building on an Assessor’s Parcel.
“CFD No. 20-1” means City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2), established by the City Council pursuant to the Act.
“CFD No. 20-1 Administrator” means the City’s Finance Director, or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes.
“City” means the City of Folsom, California.
“City Council” means the City Council of the City, acting as the legislative body of CFD No. 20-1. “County” means the County of Sacramento, California.
“Debt Service” means for each Bond Year, the total amount of principal and interest due on any Outstanding Bonds.
“Developed Property” means, for each Fiscal Year, all Taxable Property for which a Building Permit for new construction was issued prior to June 30 of the previous Fiscal Year. “Exempt Property” means all property located within the boundaries of CFD No. 20-1 which is exempt from the Special Tax pursuant to the Act or Section E below. “Fiscal Year” means the period starting July 1 and ending on the following June 30. “Indenture” means the indenture, fiscal agent agreement, trust agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.

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“Large Lot Property” means, for each Fiscal Year, all Taxable Property for which a Large Lot Map was recorded prior to June 30 of the previous Fiscal Year, excluding any portion(s) thereof classified as Developed Property or Small Lot Final Map Property. Large Lot Property also means, for each Fiscal Year, all Taxable Property classified as Small Lot Final Map Remainder Property as of June 30 of the previous Fiscal Year.
“Large Lot Map” means a recorded subdivision map creating larger parcels by land use. The Large Lot Map does not create individual lots for which Building Permits may be issued for Residential Units. “Maximum Special Tax”means the total maximum annual Special Tax, determined in accordance with the provisions of Section C, which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
“Maximum Special Tax Rate”means the maximum annual Special Tax rate for each land use category of Taxable Property, as shown in Attachment A, which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
“Minimum Special Tax Revenue” means the minimum amount of total CFD No. 20-1 Maximum Special Tax, as adjusted annually by the Special Tax Escalation Factor, less any Maximum Special Tax amounts prepaid and permanently satisfied pursuant to Section I. The Minimum Special Tax Revenue, based on Planned Development, is set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes.
“Multi Family Low Density Property” means, for each Fiscal Year, all Taxable Property for which a Building Permit could be issued for purposes of constructing one or more detached or attached Residential Units with a permitted density range of 7-12 Residential Units per Acre and more fully described in the Folsom Plan Area Specific Plan adopted on June 28, 2011 and as amended by the City Council.
“Open Space Property” means property within CFD No. 20-1 which (a) has been designated with specific boundaries and acreage on a Small Lot Final Subdivision Map as open space, or (b) is classified by the City zoning code or County Assessor as open space, or (c) has been irrevocably offered for dedication as open space to the federal government, the State of California, the County, the City, any other public agency, a private, non-profit organization, or (d) is encumbered by an easement or other restriction required by the City limiting the use of such property to open space. “Other Taxable Property” means all other land uses of Taxable Property, for which a Building Permit for new construction can be issued. Other Taxable Property does not include Multi Family Low Density Property land use categories.
“Outstanding Bonds” means all Bonds, which remain outstanding as defined in the Indenture pursuant to which such Bonds were issued.
“Pay As You Go Costs” means that portion of the Special Tax Requirement attributable to the direct payment for the acquisition and/or construction of public improvements, which are authorized to be financed by CFD No. 20-1. Special Taxes attributable to Pay As You Go Costs may only be levied against Developed. After the issuance of the first series of Bonds, Pay As You Go Costs will no longer be levied and will not be included in determining the annual Special Tax Requirement.

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“Planned Development” means the planned number of Residential Units and Other Taxable Property Acreage planned within CFD No. 20-1, set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes, as amended by the future recordation of all Large Lot Maps and Small Lot Final Subdivision Maps within CFD No. 20-1.
“Property Owner Association Property” means any property within CFD No. 20-1 which is (a) owned by a property owner association or (b) designated with specific boundaries and Acreage on a Small Lot Final Subdivision Map as property owner association property. As used in this definition, a property owner association includes any master or sub-association. “Proportionately” means for Taxable Property that the ratio of the Special Tax levy to the Maximum Special Tax is equal for all Assessors’ Parcels within each land use category (Developed Property, Small Lot Final Map Property, Large Lot Property, etc.) within CFD No. 20-1. “Public Property” means any property within CFD No. 20-1 which (a) is owned by a public agency, (b) has been irrevocably offered for dedication to a public agency, or (c) is designated with specific boundaries and Acreage on a Small Lot Final Subdivision Map as property, which will be owned by a public agency. For purposes of this definition, a public agency includes the federal government, the State, the County, the City, school districts, or any other governmental agency. “Residential Floor Area” means all of the square footage of living area within the perimeter of a residential structure, not including any carport, walkway, garage, overhang, patio, enclosed patio, or similar area. The determination of Residential Floor Area shall be made by the CFD No. 20-1 Administrator by reference to appropriate records kept by the City’s building department. Residential Floor Area for a residential structure will be based on the Building Permit(s) issued for such structure prior to it being classified as Developed Property and will not be adjusted as a result of future development modifications.
“Residential Lot” means an individual residential lot within a recorded Small Lot Final Subdivision Map on which a Building Permit has been or is permitted to be issued for construction of one or more Residential Units.
“Residential Property” means, for each Fiscal Year, all Taxable Property for which a Building Permit has been issued for purposes of constructing Residential Units, including Multi Family Low Density Property.
“Residential Unit” means an individual single family detached residential unit or an individual residential unit within an apartment building, duplex, triplex, fourplex, townhome or condominium structure. The number of Residential Units assigned to each Assessor’s Parcel may be determined by (a) referencing Assessor’s Data, (b) site surveys and physical unit counts, and/or (c) other research by the CFD Administrator. An Accessory Dwelling Unit shall not be considered a Residential Unit for the purposes of the Special Tax.
“Small Lot Final Map Property” means, for each Fiscal Year, all Taxable Property for which a Small Lot Final Subdivision Map was recorded prior to June 30 of the previous Fiscal Year.

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“Small Lot Final Map Remainder Property” means an Assessor’s Parcel that is created from the subdivision of Large Lot Property by the recordation of a Small Lot Final Subdivision Map that has not yet been mapped for final development approval. Small Lot Final Map Remainder Property is that portion of property for which the Small Lot Final Subdivision Map definition does not apply (i.e., does not contain individual lots for which building permits may be issued for Residential Units without further subdivision of such property). Each Fiscal Year, all Taxable Property classified as Small Lot Final Map Remainder Property, as of June 30 of the previous Fiscal Year, will be considered Large Lot Property.
“Small Lot Final Subdivision Map” means a subdivision of property created by recordation of a final subdivision map, parcel map or lot line adjustment, approved by the City pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352, that creates individual lots for which building permits may be issued for Residential Units without further subdivision of such property. “Special Tax” means the annual Special Tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement. “Special Tax Escalation Factor” means two percent (2%) annually. “Special Tax Requirement” means that amount required in any Fiscal Year for CFD No. 20-1 to (1) pay Debt Service on all Outstanding Bonds due in the succeeding Bond Year; (2) pay Debt Service on Bonds expected to be issued on behalf of CFD No. 20-1 due in the succeeding Debt Year; (3) Administrative Expenses; (4) provide any amount required to establish or replenish a reserve fund in connection with any CFD No. 20-1 Bonds; (5) provide an amount equal to reasonably anticipated Special Tax delinquencies based on the delinquency rate for Special Taxes levied in the previous Fiscal Year as determined by the CFD Administrator, as limited by the Act, and without duplicating any amounts described in clauses (3) or (4); and (6) account for Pay As You Go Costs. The amounts referred to in clauses (1) through (5) of the preceding sentence may be reduced in any Fiscal Year (in the City's sole discretion) by (i) surplus balances in funds and accounts for CFD No. 20-1 Bonds to the extent that such balances are available to apply against Debt Service pursuant to the Indenture, (ii) proceeds from the collection of penalties associated with delinquent Special Tax, and (iii) any other revenues available to pay Debt Service on the Outstanding Bonds or other indebtedness as determined by the CFD Administrator.
“Special Tax Term” means Fiscal Year 2064-2065.
“State” means the State of California.
“Taxable Property” means all of the Assessor’s Parcels within the CFD No. 20-1 Boundaries that are not exempt from the CFD No. 20-1 Special Tax pursuant to law or Section E below. “Trustee” means the entity appointed pursuant to an Indenture to act as the trustee, fiscal agent, or paying agent or a combination thereof.
“Welfare Exempt Property” means, in any Fiscal Year, all Assessor Parcels within the boundaries of CFD No. 20-1 that (a) have been granted a welfare exemption by the County under subdivision (g) of Section 214 of the Revenue and Taxation Code indicated in the Assessor’s Data finalized as of January

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1 of the previous Fiscal Year, and (b) are exempt from the Special Tax pursuant to Section 53340(c) of the Act. Pursuant to Section 53340(c) of the Act, after the issuance of the first series of Bonds, as applicable, any Assessor’s Parcels that receive a welfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code shall not be classified as Welfare Exempt Property and will be subject to the Special Tax.

B. ASSIGNMENT TO LAND USE CATEGORIES
Each Fiscal Year, using City and County records, City zoning information, and land use development plans, all Assessor’s Parcels within CFD No. 20-1 shall be designated as either Taxable Property or Exempt Property.

All Taxable Property shall be further classified as Developed Property, Small Lot Final Map Property, or Large Lot Property and shall be subject to the levy of the annual Special Tax determined pursuant to Section C below. Once Taxable Property is classified as Developed Property, it shall remain classified as Developed Property and shall not be reclassified, regardless of changes in land use or development modifications.

C. SPECIAL TAX
A Maximum Special Tax shall be assigned to all Taxable Property within CFD No. 20-1 according to the Maximum Special Tax Rates set forth in Attachment A of this Rate and Method of Apportionment of Special Taxes.

Once assigned, the sum of the total Maximum Special Tax shall be equal to or greater than the Minimum Special Tax Revenue. The Minimum Special Tax Revenue for Fiscal Year 2025-2026 is set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes.

On each July 1, commencing on July 1, 2026, the Maximum Special Tax Rates and Minimum Special Tax Revenue shall be increased by the Special Tax Escalation Factor of the Maximum Special Tax Rates and Minimum Special Tax Revenue in effect for the previous Fiscal Year.

C.1. Future Assessor’s Parcel Changes
The Maximum Special Tax shall be assigned to all future Assessor’s Parcel(s) created from a subdivision, lot line adjustment, or merger of one or more Assessor’s Parcels so that the revised sum of the total Maximum Special Tax revenue is not less than the Minimum Special Tax Revenue set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes.

Large Lot Property Subdividing into Small Lot Final Map Property When Large Lot Property subdivides into Small Lot Final Map Property, the Maximum Special Tax shall be calculated for all Taxable Property as if all of the Taxable Property was classified as Developed Property. If the Large Lot Property subdivision also creates Small Lot Final Map Remainder Property, the expected Developed Property Maximum Special Tax for the Small Lot Final Map Remainder Property shall be based upon the Planned Development for the Small Lot Final Map Remainder Property. The expected Developed Property Maximum Special Tax for any

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remaining Large Lot Property shall be based upon the Planned Development of the Large Lot Property.

If the sum of the total expected Developed Property Maximum Special Tax is greater than or equal to the Minimum Special Tax Revenue, there will be no further adjustments to the Developed Property and Small Lot Final Map Property Maximum Special Tax Rates for the Small Lot Final Map Property and Small Lot Final Map Remainder Property created from the Large Lot Property subdivision.

If the sum of the total expected Developed Property Maximum Special Tax is less than the Minimum Special Tax Revenue, and such difference is not eliminated by the full or partial prepayment of the Maximum Special Tax pursuant to Section I, the Developed Property and Small Lot Final Map Property Maximum Special Tax Rates shall be Proportionately increased, on the Small Lot Final Map Property and Small Lot Final Map Remainder Property created from the Large Lot Property subdivision, until the sum of the total expected Developed Property Maximum Special Tax is equal to the Minimum Special Tax Revenue. Attachment B of this Rate and Method of Apportionment of Special Taxes shall be updated to reflect any increases to the Maximum Special Tax Rates from the Large Lot Property subdivision. The Developed Property and Small Lot Final Map Property Maximum Special Tax Rates shall not be adjusted for any Taxable Property already classified as Developed Property or Small Lot Final Map Property created prior to the Large Lot Property subdivision.

C.2. Method of Apportionment of Special Tax
Using the definitions and procedures described herein, the CFD No. 20-1 Administrator shall determine the Special Tax Requirement and levy the Special Tax until the amount of Special Taxes equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows:

First: The Special Tax shall be levied Proportionately on all Developed Property at a rate up to 100% of the Maximum Special Tax in order to satisfy the Special Tax Requirement.

Second: If additional monies are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be levied Proportionately on all Small Lot Final Map Property at a rate up to 100% of the Maximum Special Tax. The Special Tax shall be levied on Small Lot Final Map Property for the entire portion of the Special Tax Requirement, excluding only Pay As You Go Costs.

Third: If additional monies are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Special Tax shall be levied Proportionately on all Large Lot Property at a rate up to 100% of the Maximum Special Tax. The Special Tax shall be levied on Large Lot Property for the entire portion of the Special Tax Requirement, excluding only Pay As You Go Costs.

D. DELINQUENCIES
Notwithstanding the above, under no circumstances will the CFD No. 20-1 Special Tax levied against any Assessor’s Parcel of Developed Property classified as Residential Property, in any Fiscal Year, be increased as a consequence of the delinquency or default in the payment of the CFD No. 20-1 Special Taxes by the owner or owners of any other Taxable Property by more than ten percent (10%) above

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 8
the amount that would have been levied against such Assessor’s Parcel in such Fiscal Year had there been no delinquencies or defaults.

E. EXEMPTIONS
E.1. The CFD No. 20-1 Administrator shall classify the following as Exempt Property: Public Property, Property Owner Association Property, Open Space Property, and Assessor’s Parcels with public or utility easements making impractical their utilization for any use other than the purposes set forth in the easement.

E.2. No Special Tax shall be levied on any Assessor’s Parcel in any Fiscal Year in which such Assessor’s Parcel is classified as Welfare Exempt Property; however, pursuant to Section 53340(c) of the Act, after the issuance of the first series of Bonds, as applicable, any Assessor’s Parcels that receive a welfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code shall not be classified as Welfare Exempt Property and will be subject to the Special Tax.

E.3. The Maximum Special Tax obligation for Taxable Property which will be transferred or dedicated to a public agency and will be classified as Public Property shall be prepaid in full by the seller, pursuant to Section K, prior to the transfer/dedication of such Taxable Property. Until the Maximum Special Tax obligation for any such Taxable Property is prepaid, the Taxable Property shall continue to be subject to the levy of the Special Tax. An exception to this may be made if an Assessor’s Parcel of Public Property, such as a school site, is relocated to an Assessor’s Parcel of Taxable Property, in which case the Assessor’s Parcel of previously Public Property becomes Taxable Property and the Assessor’s Parcel of previously Taxable Property becomes Public Property. This trading of an Assessor’s Parcel from Taxable Property to Public Property will be permitted to the extent there is no loss in Maximum Special Tax revenue, and the transfer is agreed to by the owners of all Assessor’s Parcels involved in the transfer and the City Council.

E.4. If the use of an Assessor’s Parcel changes so that such Assessor’s Parcel is no longer eligible to be classified as one of the uses set forth in Section E.1 above that would make such Assessor’s Parcel eligible to continue to be classified as Exempt Property, such Assessor’s Parcel shall cease to be classified as Exempt Property and shall be deemed to be Taxable Property and subject to the Special Tax.

F. INTERPRETATIONS
The City reserves the right to make minor administrative and technical changes to this document that do not materially affect the Rate and Method of Apportionment of Special Taxes. In addition, the interpretation and application of any section of this document shall be at the City’s discretion.

Interpretations may be made by the City by ordinance or resolution for purposes of clarifying any vagueness or ambiguity in this Rate and Method of Apportionment of Special Taxes.

G. REVIEW/APPEALS
The CFD No. 20-1 Administrator may establish such procedures, as it deems necessary to undertake the review of any such appeal. The CFD No. 20-1 Administrator shall interpret this Rate and Method

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 9
of Apportionment of Special Taxes and make determinations relative to the annual administration of the Special Tax and any property owner appeals, as herein specified.

Any property owner may file a written appeal of the Special Tax with the CFD No. 20-1 Administrator claiming that the amount or application of the Special Tax is not correct. The appeal must be filed not later than one calendar year after having paid the Special Taxes that are disputed, and the appellant must be current in all payments of Special Taxes. In addition, during the term of the appeal process, all Special Taxes levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Taxes are in error.

The CFD No. 20-1 Administrator shall review the appeal, meet with the appellant if the CFD No. 20-1 Administrator deems necessary, and advise the appellant of its determination.

If the property owner disagrees with the CFD No. 20-1 Administrator’s decision relative to the appeal, the owner may file a written notice with the City Manager appealing the amount of the Special Tax levied on such Assessor’s Parcel. If following such consultation and action, if any, by the City Manager, the property owner believes such error still exists, such person may file a written notice with the City Council appealing the amount of the Special Tax levied on such Assessor’s Parcel. The decision of the City shall be final and binding to all persons. If the decision of the CFD No. 20-1 Administrator or subsequent decision by the City Manager or City Council requires the Special Taxes to be modified or changed in favor of the property owner, no cash refund shall be made for prior years’ Special Taxes, but an adjustment shall be made to credit future Special Taxes. This procedure shall be exclusive and its exhaustion by any property owner shall be a condition precedent to filing any legal action by such owner.

H. MANNER OF COLLECTION
The annual Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that CFD No. 20-1, may, at the sole discretion of the City, directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner as necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on Assessor’s Parcels of Taxable Property that are delinquent in the payment of Special Taxes.

I. PREPAYMENT OF SPECIAL TAX
The Special Tax obligation of an Assessor’s Parcel of Taxable Property may be prepaid and permanently satisfied as described herein; provided that there are no delinquent Special Taxes with respect to such Assessor’s Parcel at the time of prepayment. An owner of an Assessor’s Parcel intending to prepay the Special Tax obligation shall provide the CFD No. 20-1 Administrator with written notice of intent to prepay. Within 30 days of receipt of such written notice, the CFD No. 20-1 Administrator shall notify such owner of the prepayment amount of such Assessor’s Parcel.

Prepayment must be made not less than 60 days prior to the next occurring date that notice of redemption of Bonds, whichever date is earlier, from the proceeds of such prepayment may be given to the Trustee pursuant to the Indenture. The CFD No. 20-1 Administrator may charge a fee for providing this service.

The following definitions apply to this Section I:

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 10
“Authorized Facilities” means the public facilities authorized to be financed, in whole or in part, by CFD No. 20-1.
“Buildout” means the state of maximum development of CFD No. 20-1, based on plans and anticipated development.
"CFD Public Facilities Cost" means $3,889,000 for CFD No. 20-1, expressed in 2025 dollars, which shall increase by the annual percentage change in the Construction Inflation Index on July 1, 2026 and on each July 1 thereafter, or such lower number as (i) shall be determined by the CFD No. 20-1 Administrator as sufficient to provide the public facilities to be funded by CFD No. 20-1 or (ii) shall be determined by the City Council concurrently with a covenant that it will not issue any more Bonds to be supported by Special Taxes levied under this Rate and Method of Apportionment of Special Taxes as described in Section C.
"Construction Inflation Index" means the annual percentage change in the Engineering News-Record Construction Cost Index, measured as of the calendar year which ends in the previous Fiscal Year, but not less than zero percent. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the City that is reasonably comparable to the Engineering News-Record Construction Cost Index.
"Future Facilities Costs" means, as of the date of prepayment, the CFD Public Facilities Costs minus the portion of the CFD Public Facilities Costs previously funded from (a) proceeds of all Previously Issued Bonds, which were, at the time of issuance, available to the City for Authorized Facilities, (b) interest earnings on the improvement fund actually earned prior to the date of prepayment, and (c) proceeds of the Special Tax dedicated to Pay-As-You-Go Costs. In no case shall the Future Facilities Costs be less than zero.
"Previously Issued Bonds" means all Outstanding Bonds that have been issued on behalf of CFD No. 20-1 prior to the date of prepayment.

I.1. Prepayment in Full
If a prepayment is made prior to the issuance of Bonds, the Redemption Premium, Interest Amount, Reserve Fund Credit, and Capitalized Interest Credit as calculated below, shall be zero.

The Prepayment Amount (defined below) shall be calculated as summarized below (capitalized terms as defined below):

Bond Redemption Amount:

Plus Future Facilities Amount
Plus Redemption Premium
Plus Interest Amount
Plus Administrative Fees and Expenses
Less Reserve Fund Credit
Less Capitalized Interest Credit
Total: Prepayment Amount
As of the proposed date of prepayment, the Prepayment Amount shall be calculated by the CFD No. 20-1 Administrator as follows:

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 11
Step 1: Confirm that no Special Tax delinquency applies to such Assessor’s Parcel, and if delinquencies are applicable compute all amounts due, including interest and penalties.

Step 2: For Assessor’s Parcels of Developed Property compute the Maximum Special Tax. For Assessor’s Parcels of Small Lot Final Map Property and Large Lot Property to be prepaid, compute the Maximum Special Tax for that Assessor’s Parcel as though it was already designated as Developed Property, based upon the expected development for that Assessor’s Parcel.

Step 3: Divide the Maximum Special Tax computed pursuant to Step 2 by the total estimated Maximum Special Tax for CFD No. 20-1 based on the Developed Property Maximum Special Tax which could be charged in the current Fiscal Year on all expected development through buildout of CFD No. 20-1. (the “Maximum Special Tax Percentage”).

Step 4: Multiply the Maximum Special Tax Percentage by the Outstanding Bonds to compute the principal amount of Outstanding Bonds to be redeemed (the “Bond Redemption Amount”).

Step 5: Compute the Future Facilities Costs.

Step 6: Multiply the Maximum Special Tax Percentage by the total Future Facilities Costs to compute the Future Facilities amount to be prepaid (the “Future Facilities Amount”).

Step 7: Multiply the Bond Redemption Amount computed pursuant to Step 4 by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the " Redemption Premium") determined by reference to the Indenture.

Step 8: Compute the amount needed to pay interest on the Bond Redemption Amount from the first bond interest and/or principal payment date following the current Fiscal Year until the earliest redemption date for the Outstanding Bonds (the “Interest Amount”).

Step 9: Verify the administrative fees and expenses, including the costs of computation of the prepayment, the costs to invest the prepayment proceeds, the costs of redeeming the Outstanding Bonds, and the costs of recording any notices to evidence the prepayment and the redemption (the “Administrative Fees and Expenses”).

Step 10: If reserve funds for the Outstanding Bonds held under the Indenture, if any, are at or above 100% of the then reserve requirement (as required by the Indenture) on the prepayment date, a reserve fund credit shall be calculated as a reduction in the applicable reserve requirement for the Outstanding Bonds to be redeemed pursuant to the prepayment (the "Reserve Fund Credit"). No Reserve Fund Credit shall be granted if reserve funds are below 100% of the applicable reserve requirement on the prepayment date or if the Reserve Fund is satisfied by a credit instrument rather than cash funded.

Step 11: If any capitalized interest for the Outstanding Bonds will not have been expended at the time of the first interest and/or principal payment following the current Fiscal Year, a capitalized interest credit shall be calculated by multiplying the Maximum Special Tax Percentage by the expected balance in the capitalized interest fund after such first interest and/or principal payment (the "Capitalized Interest Credit").

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 12
Step 12: The Special Tax prepayment is equal to the sum of the amounts computed pursuant to Steps 4, 6, 7, 8 and 9 less the amount computed pursuant to Steps 10 and 11 (the " Prepayment Amount").

Step 13: From the Prepayment Amount, the amounts computed pursuant to Step 6 shall be used by the City to pay for Future Facilities Costs. The amounts computed pursuant to Steps 4, 6, 7 and 8 shall be deposited into the appropriate fund as established under the Indenture and be used to redeem Outstanding Bonds or make Debt Service payments. The amount computed pursuant to Step 9 shall be retained by the City for the payment of Administrative Fees and Expenses.

Current year Special Taxes that are not yet paid will remain outstanding and will be collected in the manner billed. With respect to any Assessor's Parcel that is prepaid, the CFD No. 20-1 Administrator shall cause a suitable notice to be recorded in compliance with the Act to indicate the prepayment of the Special Tax and the obligation of such Assessor's Parcel has been satisfied.

Notwithstanding the foregoing, no Special Tax prepayment shall be allowed unless the amount of Maximum Special Taxes, net of any priority administration, if any as defined in the Bond documents, that may be levied on Taxable Property, in each Fiscal Year, both prior to and after the proposed prepayment, is at least 1.1 times the annual Debt Service on all Outstanding Bonds to be paid from the Maximum Special Taxes in each Fiscal Year.

I.2. Prepayment in Part
The Special Tax obligation may be partially prepaid in any percentage of the full Prepayment Amount. The amount of the partial prepayment shall be calculated as in the above Section I.1; except that a partial prepayment shall be calculated according to the following formula:

PP = ((PE – A) x F) + A
These terms have the following meaning:

PP = the Partial Prepayment Amount
PE = the Prepayment Amount calculated according to Section I.1 above A = the Administrative Fees and Expenses calculated according to Section I.1 above F = the percent by which the owner of the Assessor’s Parcel(s) is partially prepaying the Special Tax obligation.

The owner of an Assessor’s Parcel who desires to partially prepay the Special Tax obligation shall notify the CFD No. 20-1 Administrator of (i) such owner’s intent to partially prepay the Special Tax obligation, (ii) the amount of partial prepayment expressed in increments equal to percentage of the full Prepayment Amount, and (iii) the company or agency that will be acting as the escrow agent, if applicable. Partial prepayment must be made not less than 60 days prior to the next occurring date that notice of redemption of Bonds, whichever date is earlier, from the proceeds of such prepayment may be given to the Trustee pursuant to the Indenture. The CFD No. 20-1 Administrator may charge a fee for providing this service.

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 13
With respect to any Assessor’s Parcel that is partially prepaid, the CFD No. 20-1 Administrator shall indicate in the records of CFD No. 20-1 that there has been a partial prepayment of the Special Tax obligation and that a portion of the Special Tax obligation equal to the outstanding percentage (1.00 – F) of the remaining Special Tax obligation shall continue to be authorized to be levied on such Assessor’s Parcel pursuant to Section C.

Notwithstanding the foregoing, no partial prepayment shall be allowed unless the amount of Maximum Special Taxes, net of any priority administration, if any as defined in the Bond documents, that may be levied on Taxable Property, in each Fiscal Year, both prior to and after the proposed partial prepayment, is at least 1.1 times the annual Debt Service on all Outstanding Bonds to be paid from the Maximum Special Taxes in each Fiscal Year.

J. TERM OF SPECIAL TAX
The Maximum Special Tax shall be levied commencing in Fiscal Year 2025-2026 to the extent necessary to fully satisfy the Special Tax Requirement and shall be levied for the Special Tax Term.

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 14
Attachment A
City of Folsom
Community Facilities District No. 20-1 (Russell Ranch 2) Maximum Special Tax Rates
(Fiscal Year 2025-2026)
Land Use Category
Residential
Floor Area
2025-2026
Maximum
Special Tax
Rate(1) Taxed Per
Developed Property:

Multi Family Low Density Property ≥ 2,000 $1,534 Residential Unit Multi Family Low Density Property 1,800 –1,999 1,336 Residential Unit Multi Family Low Density Property < 1,800 1,280 Residential Unit Other Taxable Property Not Applicable 13,400 Acre
Small Lot Final Map Property:

Multi Family Low Density Property Not Applicable $1,280 Residential Lot Large Lot Property: Not Applicable $13,400 Acre
(1) On each July 1, commencing on July 1, 2026, the Maximum Special Tax Rates shall be increased by the Special Tax Escalation Factor of the Maximum Special Tax Rates in effect for the previous Fiscal Year.

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City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 15
Attachment B
City of Folsom
Community Facilities District No. 20-1 (Russell Ranch 2) Minimum Special Tax Revenue
(Fiscal Year 2025-2026)
Land Use Category
Planned
Residential
Units / Acres
2025-2026
Developed Property
Maximum Special
Tax Rate(1)(2)
2025-2026
Minimum
Special Tax
Revenue (1)(3)
Developed Property:

Multi Family Low Density Property 118 $1,280 $151,040
Other Taxable Property 0.0 13,400 0
Total Minimum Special Tax Revenue $151,040
(1) On each July 1, commencing on July 1, 2026, the Developed Property Maximum Special Tax Rates and Minimum Special Tax Revenue shall be increased by the Special Tax Escalation Factor of the Developed Property Maximum Special Tax Rates and Minimum Special Tax Revenue in effect for the previous Fiscal Year.
(2) As a result of future Assessor’s Parcel changes, described in Section C.1, the assigned Maximum Special Tax Rates for Developed Property may exceed the Developed Property Maximum Special Tax Rates set forth in this table.
(3) The total Minimum Special Tax Revenue may be decreased as result of all or a portion of Maximum Special Tax obligations being prepaid and permanently satisfied pursuant to Section I. (4) Based upon the Developed Property Maximum Special Tax Rate for Multi Family Low Density Property with Residential Floor Area of less than 1,800 square feet.

06/24/2025 Item No.7.

Attachment 2

06/24/2025 Item No.7.

Resolution No. 11409

RESOLUTION NO. 11409

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOLSOM

DEEMING IT NECESSARY TO INCUR BONDED INDEBTEDNESS IN

AND FOR CITY OF FOLSOM COMMUNITY FACILITIES DISTRICT
NO. 20-1 (RUSSELL RANCH 2)
WHEREAS, for the preliminary scope of the project and financing contemplated by these proceedings, reference is made to Resolutions No. 11374 and No. 11375 adopted by the City Council of the City of Folsom (the “City Council”) on May 13, 2025; and WHEREAS, on June 24, 2025, at the time and place scheduled for the public hearing concerning the formation of the proposed City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “District”), said public hearing of protests was duly convened by the City Council, and the City Council duly heard all interested parties desiring to be heard; and WHEREAS, at said hearing, the City Council determined that a majority protest under Section 53324 of the Government Code was not made at the hearing for the District and therefore the proposed formation of the District and special tax to be levied within the District has not been eliminated by majority protest pursuant to said Section 53324; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom as follows:

Section 1. The City Council finds and determines that the foregoing recitals are true and correct.

Section 2. The City Council now deems it necessary to incur the contemplated bonded indebtedness for the District.

Section 3. The purpose for incurring the bonded indebtedness is to assist in the financing of the public facilities described in the Resolution to Form a Community Facilities District and to Levy Special Taxes Therein adopted this date (the “Resolution of Formation”).

Section 4. All Taxable Property (as defined in Exhibit C of the Resolution of Formation) within the boundaries of the District shall be subject to a special tax to repay the bonded indebtedness for the District.

Section 5. Subject to the requirements of the Resolution of Formation and this resolution, the amount of bonded indebtedness to be incurred, and the amount and timing of each issuance of bonds, shall be subject to the discretion of this City Council; provided that the maximum principal amount of bonded indebtedness to be paid for by the District is $3,500,000.

Section 6. The maximum term of any issue of bonds under this authority shall not extend beyond 40 years from their date of issue.

06/24/2025 Item No.7.

Resolution No. 11409

Section 7. The maximum rate of interest shall be determined by competitive sale or by negotiation at the time of bond sale, but in any case shall not exceed the legal rate as specified, from time to time, by Government Code Section 53531 or any similar controlling provision of law.

Section 8. It is the intention of this City Council that any bond s issued may be made callable on terms to be specified in any resolution or indenture providing for the form, execution and issuance of bonds, in accordance with the terms of the Mello-Roos Community Facilities Act of 1982 (the “Act”).

Section 9. The question of the authorization to issue the bonds described herein and incur the bonded indebtedness to be paid for by the District will be submitted to the voters of the District at a special election in accordance with the Act and with the findings contained in the certificate regarding landowners heretofore filed in these proceedings.

Section 10. The City Clerk of the City of Folsom (the “City Clerk”) is hereby designated as the official to conduct a special, mailed -ballot election related to the District pursuant to Elections Code Sections 307 and 320.

Section 11. The special community facilities district election for the District (which shall be consolidated with the special community facilities district election to levy a special tax within the District) shall be conducted by mailed ballot. In order to be counted, ballots must be returned to, and be physically received by the City Clerk before 6:30 p.m. on June 24, 2025. If all authorized ballots are received prior to that time, the City Clerk shall be so notified and, pursuant to Government Code Section 53326(d), immediately close the election and declare the results.

Section 12. The ballot language shall be as follows:

Shall the City of Folsom be authorized to issue a maximum amount not to exceed $3,500,000 in bonds that will be paid for by the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “District”), levy a special tax in the District and finance public facilities by and through the District and shall the appropriations limit for the District for fiscal year 2025-26 be established in the amount of $3,500,000, all as specified in the City’s Resolution of Formation and Resolution Deeming it Necessary to Incur Bonded Indebtedness adopted by the City Council of the City on June 24, 2025?
Section 13. This resolution shall take effect from and after its adoption.

06/24/2025 Item No.7.

Resolution No. 11409

PASSED AND ADOPTED this 24th day of June 2025, by the following roll call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

Sarah Aquino, MAYOR

ATTEST:

Christa Freemantle, City Clerk

06/24/2025 Item No.7.

Attachment 3

06/24/2025 Item No.7.

Resolution No. 11410

RESOLUTION NO. 11410

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOLSOM

CALLING SPECIAL MAILED-BALLOT ELECTION IN THE CITY OF
FOLSOM COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
WHEREAS, reference is made to the Resolution to Form a Community Facilities District and to Levy Special Taxes Therein (the “Resolution of Formation”) and to the Resolution Deeming it Necessary to Incur Bonded Indebtedness in and for City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “Resolution of Necessity”), each adopted by the City Council of the City of Folsom (the “City Council”) on June 24, 2025; and WHEREAS, the levy of a special tax within CFD 20-1 (as defined herein) proposed in the Resolution of Formation shall be submitted to the voters pursuant to Government Code Section 53326; and
WHEREAS, the authorization to issue bonded indebtedness proposed in the Resolution of Necessity shall be submitted to the voters pursuant to Government Code Section 53351; and WHEREAS, the setting of the appropriations limit shall be submitted to the voters pursuant to Government Code Section 53325.7; and
WHEREAS, the three ballot questions just described shall be combined into a single ballot measure pursuant to Government Code Section 53353.5. The ballot language shall be as shown on the form of ballot attached hereto as Exhibit A, which form of ballot is hereby approved; and WHEREAS, a certificate relative to voters and a certificate regarding landowners have been filed with the City Clerk of the City of Folsom (the “City Clerk”); NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, as follows:

Section 1. The City Council finds and determines that the foregoing recitals are true and correct.

Section 2. This City Council hereby accepts the certificate relative to voters heretofore filed in these proceedings and finds, in accordance therewith, that there are no registered voters residing within the boundaries of Community Facilities District No. 20-1 (Russell Ranch 2) (“CFD 20-1”). Accordingly, under Government Code Section 53326(b) the qualified electors in this election shall be the landowners owning land within the District.

Section 3. The City Council hereby accepts the certificate regarding landown ers heretofore filed in these proceedings and further finds, in accordance therewith, that the landowners of record owning property within CFD 20-1 are those set forth in the attachment to the certificate regarding landowners and that the attachment correc tly sets forth the number of acres owned by each landowner and the number of votes to which each is entitled.

06/24/2025 Item No.7.

Resolution No. 11410

2 Section 4. The City Council hereby approves the form of Waiver and Consent Shortening Time Periods and Waiving Various Requirements for Proceedings and for Conducting Special Mailed -Ballot Election in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2), attached hereto as Exhibit B. The City Council finds that the rights, procedures and time periods therein waived are solely for the pr otection of the voters, may be waived under Government Code Section 53326(a) and Section 53327(b), and that the waiver constitutes a full and knowing waiver, by any voter who has executed the form, of those rights, procedures and time periods.

Section 5. The City Council accepts the Certificate of the City Clerk that 100% of the voters eligible to vote in this election have delivered to the City Clerk properly executed waivers in the form of Exhibit B.

Section 6. Accordingly, this City Council hereby calls the special electio n described herein and sets June 24 , 20 25, as the election day. Purs uant to Government Code Section 53326(d), the election shall be conducted by mailed ballot. By attesting this resolution below, the City Clerk indicates her concurrence to such date and to the waivers and consents described in Section 4 hereof.

Section 7. The City Clerk is directed to cause the ballots to be mailed or delivered, in the form of Exhibit A hereto, to the landowners shown on the attachment to the certificate regarding landowners. The C ity Clerk or her designee shall fill in the names of the landowners and the number of votes to be cast on each ballot, according to the certificate regarding landowners, before delivery or mailing.

Section 8. The City Clerk shall accept personal or mail delivery of the ballots at any time up to 6:30 p.m. on June 24, 2025, provided, that if all authorized ballots are received by the City Clerk prior to that time, the City Clerk shall, pursuant to Government Code Section 53326(d), immediately close the election and declare the results to the City Council.

Section 9. This resolution shall take effect from and after its adoption.

06/24/2025 Item No.7.

Resolution No. 11410

3 PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):
___________________________________
Sarah Aquino, MAYOR
ATTEST:
____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.7.

Resolution No. 11410

EXHIBIT A

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)

FORM OF SPECIAL ELECTION BALLOT
(Mailed-Ballot Election)
This ballot is for the use of _________________________________________, a landowner owning land within City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2).

According to the provisions of the Mello-Roos Community Facilities Act of 1982 and the resolutions of the City Council of the City of Folsom, the above-named landowner is entitled to cast ________ votes on this ballot.

In order to be counted, this ballot must be certified below and be returned, eithe r by mail or in person, before 6:30 p.m. on June 24, 2025, to:

Christa Freemantle, City Clerk
City of Folsom
50 Natoma Street
Folsom, CA 95630
Mailing by that date will not be sufficient. The ballot must be physically received by the City Clerk prior to the deadline in order to be counted.

AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT, OR THE VOTER MAY WRITE NUMBERS IN THE SPACES PROVIDED.

BALLOT MEASURE
Shall the City of Folsom be authorized to issue a maximum amount not to exceed $ 3,500,000 in bonds that will be paid for by the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “District”), levy a special tax in the District and finance public facilities by and through the District and shall the appropriations limit for the District for fiscal year 2025-26 be established in the amount of $3,500,000, all as specified in the City’s Resolution of Formation and Resolution Deeming it Necessary to Incur Bonded Indebtedness adopted by the City Council of the City on June 24, 2025?
Number of votes
YES

Number of votes
NO

06/24/2025 Item No.7.

Resolution No. 11410

Certification
The undersigned is or are the authorized representative(s) of the above -named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above -named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed as of June 24, 2025. [LANDOWNER]

By:

Name:

Title:

06/24/2025 Item No.7.

Resolution No. 11410

EXHIBIT B

FORM OF WAIVER AND CONSENT

SHORTENING TIME PERIODS AND WAIVING VARIOUS

REQUIREMENTS FOR PROCEEDINGS AND FOR

CONDUCTING SPECIAL MAILED-BALLOT ELECTION

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)

The undersigned ________________________________, is the owner or authorized representative of the owner of Assessor’s Parcel No. ______________________ within the above- captioned Community Facilities District (the “District”).

The undersigned is (or are) the person (or persons) legally entitled and authorized to cast the ballot for the above -referenced owner in the election to be conducted within the District to determine, among other things, whether certain land, including land owned by the above - referenced owner, shall be subject to an annual special tax.

The undersigned, on behalf of the above -referenced owner, hereby waives any and all minimum time periods relative to the election pursuant to Government Code Section 53326(a).

The undersigned, on behalf of the above-referenced owner, hereby waives the preparation and distribution of an impartial analysis of the ballot measure, as well as arguments in favor and against, under the authority of Government Code Section 53327(b).

The undersigned, on behalf of the above-referenced owner, hereby waives the requirement to publish notice of the election under Government Code Section 53352.

The undersigned, on behalf of the above-referenced owner, hereby waives the requirements regarding the time to mail ballots to the qualified electors under Elections Code Section 4101, and agrees to accept either mailed service or personal service of the ballot.

The undersigned, on behalf of the above-referenced owner, hereby waives the requirements regarding identification envelopes for the return of mailed ballots contained in Government Code Section 53327.5.

The undersigned, on behalf of the above -referenced owner, hereby waives any right to notice and hear ing and consents to authorized facilities, expenses and rate and method of apportionment of special tax as described in the Resolution of Formation to be adopted by the City Council of the City of Folsom on June 24, 2025.

The undersigned, on behalf of the above-referenced owner, hereby waives any and all defects in notice or procedure in the formation of the District, time periods to record the boundary map, conduct of the election, whether known or unknown (other than the right to have ballots accurately counted), and states that the election is being expedited, pursuant to this waiver and consent, at the particular instance and request of the above-referenced owner.

06/24/2025 Item No.7.

Resolution No. 11410

Further, the undersigned, on behalf of the above -referenced owner, hereby waives any entitlement to initiate or prosecute any form of legal proceedings, including judicial proceedings, to challenge any aspect of the proceedings for levy of the special tax and for issuance of special tax bonds in the District.

I declare, under penalty of perjury, under the laws of the State of California, that the foregoing is true and correct and that this declaration is executed on __________________, 2025. [LANDOWNER]

By:

Name:

Title:

06/24/2025 Item No.7.

Attachment 4

06/24/2025 Item No.7.

Resolution No. 11411

RESOLUTION NO. 11411

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOLSOM

DECLARING ELECTION RESULTS IN THE CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
WHEREAS, reference is made to the Resolution Calling Special Mailed -Ballot Election in the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “Resolution Calling Election”) adopted by the City Council of the City of Folsom (the “City Council”) on June 24, 2025; and
WHEREAS, the City Council has received, reviewed and hereby accepts the Certificate of City Clerk Regarding Election Results, dated June 24, 2025; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom , as follows:

Section 1. The City Council finds and determines that the foregoing recitals are true and correct.

Section 2. The City Council hereby finds and declares that the ballot measure submitted to the qualified electors of the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) pursuant to the Resolution Calling Election has been passed and approved by those qualified electors in accordance with California G overnment Code Sections 53328 and 53355.

Section 3. The City Council hereby authorizes and directs the City Clerk to record the notice of special tax lien related to such ballot measure in accordance with the provisions of California Government Code Section 53328.3 and California Streets and Highways Code Section 3114.5.

06/24/2025 Item No.7.

Resolution No. 11411

Section 4. This resolution shall take effect from and after its adoption.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):
___________________________________
Sarah Aquino, MAYOR
ATTEST:
____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.7.

Attachment 5

06/24/2025 Item No.7.

Ordinance No. 1352

ORDINANCE NO. 1352

AN UNCODIFIED ORDINANCE LEVYING SPECIAL TAXES
FOR THE FISCAL YEAR 2025-26 AND FOLLOWING FISCAL YEARS

SOLELY WITHIN AND RELATING TO THE CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)
The City Council of the City of Folsom hereby ordains as follows:

SECTION 1 PURPOSE
The City Council of the City of Folsom hereby finds, determines and declares based on the record before it that:

1. The City is authorized to establish a community facilities district pursuant to the terms of the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 of Division 2 of Title 5 of the California Government Code, commencing with Section 53311 (the “Act”); and

2. On June 24, 2025, the City Council adopted its Resolution No. 11408 (the “Resolution of Formation”) establishing the City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “District”), pursuant to the Act; and

3. In accordance with the Rate and Method of Apportionment, the Resolution of Formation approved the annual levy, subject to voter approval, of a special tax in connection with the District (the “Special Tax”); and

4. The Resolution of Formation proposed the establishment of an appropriations limit for the District (the “Appropriations Limit”); and

5. On June 24 , 20 25, the City Clerk, as elections official, conducted an election of the landowners of the District (the “Election”); and

6. On June 24, 2025, the City Council adopted its Resolution No. 11411 certifying that, at the Election, the landowners of the District approved the Special Tax and the Appropriations Limit; and

7. The City Council desires to levy and impose the Special Tax and to take other related actions.

SECTION 2

NOW, THEREFORE, THE CITY COUNCI L OF THE CITY OF FOLSOM RESOLVES:

1. The recitals set forth in Section 1 are true and correct.

06/24/2025 Item No.7.

Ordinance No. 1352

2. A special tax is hereby levied on all Taxable Property (as defined in the Rate and Method of Apportionment) within the District, for the 20 25-26 fiscal year and for all subsequent fiscal years in the amount of the maximum authorized tax, provided that this amount may be adjusted annually, subject to the maximum authorized special tax limit, by resolution of the City Council.

3. The Finance Director of the City of Folsom or designee thereof (the “CFD Administrator”) is authorized and directed, to determine each year, without further action of the City Council, the Special Tax, to prepare the annual Special Tax roll in the amount of the Special Tax in accordance with the related exhibit and, without further action of the City Council, to provide all necessary and appropriate information to the Sacramento County Auditor- Controller’s Office (the “County”) in proper form, and in proper time, necessary to effect the correct and timely billing and collection of the Special Tax on the secured property tax roll of the County; provided, that as provided in the Resolution of Formation and Section 53340 of the California Government Code, the City has reserved the right to utilize any method of collecting the Special Tax which it shall, from time to time, determine to be in the best interests of the City of Folsom (the “City”), including bu t not limited to, direct billing by the City to the property owners and supplemental billing.

4. The appropriate officers and agents of the City are authorized to make adjustments to the Special Tax roll prior to the final posting of the Special Tax to the Co unty tax roll each fiscal year, as may be necessary to achieve a correct match of the Special Tax levy with the assessor’s parcel numbers finally utilized by the County in sending out property tax bills.

5. The City agrees that, in the event the Special Tax is collected on the secured tax roll of the County, the County may deduct its reasonable and agreed charges for collecting the Special Tax from the amounts collected, prior to remitting the Special Tax collections to the City.

6. Taxpayers who have requested c hanges or corrections of the Special Tax pursuant to Section G of the Rate and Method of Apportionment and who are not satisfied with the decision of the CFD Administrator (whether the CFD Administrator disagrees with the taxpayer or concludes that the Cit y is not authorized to consider the change requested), may appeal to the City Council. The appeal must be in writing and fully explain the grounds of appeal, and must be based solely on the correction of mistakes in the levy based upon the status of the p roperty, and no other appeals will be allowed. The CFD Administrator shall schedule the appeal for consideration within a reasonable time at a City Council meeting.

SECTION 3 SEVERABILITY
If for any cause any portion of this ordinance is found to be invalid, or if the Special Tax is found inapplicable to any particular parcel by a court of competent jurisdiction, the balance of this ordinance, and the application of the Special Tax to the remaining parcels, shall not be affected.

06/24/2025 Item No.7.

Ordinance No. 1352

SECTION 4 EFFECTIVE DATE
This ordinance shall take effect and be in force as a tax measure thirty (30) days following its second reading and adoption at a meeting of the City Council ; and before the expiration of twenty (20) days after its passage the same shall be published, with the names of the mem bers voting for and against the same, at least once in a newspaper of general circulation published and circulated in the District.

This ordinance was introduced and the title thereof read at the regular meeting of the City Council on June 24, 2025, and the second reading is to occur at the regular meeting of the City Council on July 8, 2025.

On a motion by Council Member seconded by Council Member, the foregoing ordinance was passed and adopted by the City Council of the City of Folsom, State of California, this 8th day of July 2025 by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

Sarah Aquino, MAYOR

ATTEST:

Christa Freemantle, CITY CLERK

06/24/2025 Item No.7.

Attachment 6

06/24/2025 Item No.7.

nbsgov.com
Prepared by:

Corporate Headquarters
32605 Temecula Parkway, Suite 316
Temecula, CA 92592
Toll free: 800.676.7516

Report for:

Community Facilities District No. 2 0-1
(Russell Ranch 2)
Public Hearing Report

June 2025

Prepared by NBS f or and on behalf of the City of
Folsom

06/24/2025 Item No.7.

TABLE OF CONTENTS

INTRODUCTION ......................................................................................... ............................ 1 DISTRICT INFORMATION ................................................................................. ....................... 2 Background .......................................................................................................................... 2 District Purpose ................................................................................................................... 2 District Description .............................................................................................................. 2 District Boundaries .............................................................................................................. 3 DESCRIPTION OF FACILITIES ............................................................................ ....................... 4 Facilities ............................................................................................................................... 4 Incidental Expenses ............................................................................................................. 6 COST ESTIMATE ........................................................................................ ............................. 7 Estimated Cost of Public Facilities ....................................................................................... 7 Annual Appropriations Limit ............................................................................................... 7 Maximum Bonded Indebtedness ........................................................................................ 7 Maximum Special Tax Rates ................................................................................................ 7 Annual Maximum Special Tax Escalation ............................................................................ 8 RATE AND METHOD OF APPORTIONMENT ..................................................................... ........ 9 Term of Special Tax ............................................................................................................. 9 Manner of Collection ........................................................................................................... 9 APPENDIX A: BOUNDARY MAP .......................... ................................................... ................. A APPENDIX B: RATE AND METHOD OF APPORTIONMENT......................................................... B

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 1

INTRODUCTION
The City Council (the “City Council”) of the City of Folsom (the “City”) did, pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 (Sections 53311 and following, California Government Code; hereafter referred to as the “Act”), on May 13, 2025, adopt Resolution No. 11374 entitled the Resolution of the City Council of the City of Folsom Appointing Consultants, Approving a Proposed Boundary Map and Declaring Intention to Form a Community Facilities District to be Named “City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2)” and to Levy Special Taxes Therein (the “Resolution of Intention”). In the Resolution of Intention, the City Council directed the study and filing of a public hearing report (the “Report”) required by Section 53321.5 of the Act for the proposed City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2) (the “District”).

Section 53321.5 of the Act provides that the Report includes the following:

1. A brief description of the public facilities to be provided by the District; and

2. An estimate of the fair and reasonable cost of prov iding the public facilities, including the incidental expenses in connection therewith, any City administration costs, and all other related costs.

For particulars, reference is made to the Resolution of Intention for the District, as previously adopted on May 13, 2025, by the City Council.

NOW, THEREFORE, the City Manager of the City, the appointed responsible officer directed to prepare the Report or cause the Report to be prepared pursuant to the provisions of the Act, does hereby submit this Report containing the following information:
 DISTRICT INFORMATION . Information related to the District, including background information, land use plans, and the proposed boundaries that include those properties and parcels on which special taxes may be levied to pay for the costs and expenses of the facilities.  DESCRIPTION OF FACILITIES . A description of the facilities that the City Council has determined to be eligible to be funded by the District.
 COST ESTIMATE . The cost estimate for the District facilities.  RATE AND METHOD OF APPORTIONMENT . The Rate and Method of Apportionment of Special Taxes, approved by this City Council on May 13, 2025.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 2

DISTRICT INFORMATION
Background
The District is an overlay district within a portion of Community Facilities District No. 20 (Russell Ranch) (CFD No. 20), formally created on November 14, 2017, through Resolution No. 10035. CFD No. 20 spans approximately 437.6 acres located within the Folsom Plan Area. The Folsom Plan Area is located on approximately 3,520 acres and is located within the southern portion of the City, bounded by U.S. Highway 50, White Rock Road, Prairie City Road, and the Sacramento County/El Dorado County line. The Folsom Plan Area is a master-planned community and is planned to include approximately 13,300 residential units of various sizes and densities and approximately 2.5 million building square feet of non-residential land uses.

The District will overlay a portion of CFD No. 20’s boundaries, approximately 12.4 acres, and provide necessary funding to fund a portion of CFD No. 20 subdivision infrastructure.

FOLSOM PLAN AREA SPECIFIC PLAN PUBLIC FACILITIES FINANCING PLAN On January 28, 2014, the City Council approved the Folsom Plan Area Specific Plan Public Facilities Financing Plan (the “PFFP”). The PFFP is an $877 million plan that describes the backbone infrastructure and facility requirements, presents a comprehensive financing strategy, and sets forth the estimated time horizon for the development of the Folsom Plan Area (the “FPA”). The backbone infrastructure improvements identified in the PFFP include roadways, on-site water, off-site potable water, recycled water, wastewater (sewer), storm drainage, and habitat mitigation for infrastructure. The public facilities identified in the PFFP include public schools, parks, transit services, housing trust, trails, fire facilities and equipment, police facilities and equipment, a municipal service center, corporation yard, solid waste, branch library, a community and aquatic center, other general capital facilities, and transportation.

District Purpose
The District is structured as a standard-term CFD and would provide the necessary funding to help fund a portion of the CFD No. 20 subdivision infrastructure. These subdivision infrastructure costs will be financed using both bond proceeds and Pay-As-You-Go (PAYGO) special tax revenues. PAYGO may only be levied against developed property within the District, and after issuance of the first series of bonds, PAYGO costs will no longer be authorized and will not be included as part of the annual special tax requirement. The subdivision costs to be funded via the District were originally anticipated to be funded by CFD No. 20 and include items listed in the First Amendment to the Acquisition and Shortfall Agreement dated August 25, 2023 between the City and the developer.

District Description
The District boundaries represent a portion of land within CFD No. 20. Specifically, the overlay District boundaries include the land designated as Phase 2, Village 5 of the Russell Ranch development and is comprised of Assessor’s Parcel Number 072-3510-005-0000. The Phase 2, Village 5 development is projected to contain 118 multi-family low-density units.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 3 District Boundaries
The proposed boundaries of the District are identified on the map of the District recorded on May 20, 2025, in Book 146 at Page 25 of Maps of Assessment and Community Facilities Districts in the office of the County Recorder for the County of Sacramento. The District map is on file with the City Clerk, to which reference is hereby made and a reduced copy of such map is set forth in Appendix A of this Report.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 4

DESCRIPTION OF FACILITIES
Facilities
Authorized facilities include any and all improvements that are included in the Specific Plan Infrastructure Fee Program adopted by the City Council on September 8, 2015, including any future amendments thereto.

These facilities, include, but are not limited to:
 Zone 4/5 Booster Pump Station;
 Zone 5 Water Tank and Zone 6 Booster Pump Station;
 Highway 50 Water Transmission Line;
 Alder Creek Parkway Improvements; and
 Grand Prairie Improvements.

TRANSPORTATION IMPROVEMENTS
Eligible roadway improvements include, but are not limited to: acquisition of land and easements; roadway design; project management; bridge crossings and culverts; clearing, grubbing, and demolition; grading, soil import/export, paving (including slurry seal), and decorative/enhanced pavement concrete and/or pavers; joint trenches, underground utilities and undergrounding of existing utilities; dry utilities and appurtenances; curbs, gutters, sidewalks, bike trails (including onsite and off-site), enhanced fencing, and access ramps; street lights, signalization, and traffic signal control systems; bus turnouts; signs and striping; erosion control; median and parkway landscaping and irrigation; entry monumentation; bus shelters, Bus Rapid Transit improvements including transfer stations and regional public transit improvements; masonry walls; traffic control and agency fees; and other improvements related thereto. Eligible improvements for the roads listed above also include any and all necessary underground potable and recycled water, sanitary sewer, and storm drainage system improvements.

Authorized facilities include the following transportation improvements:
 Placerville Road—from Highway 50 to White Rock Road.
 Alder Creek Parkway—from Scott Road to the Empire Ranch Road.  Grand Prairie Road—from Alder Creek Parkway to Placerville Road.  Scott Road—from Alder Creek Parkway to Street “A”.
 Empire Ranch Road—from property line to White Rock Road.  Other public roadway improvements designed to meet the needs of development within the District, including internal subdivision streets and related underground utilities.

POTABLE AND NON-POTABLE WATER SYSTEM IMPROVEMENTS
Authorized facilities include any and all on- and off-site backbone water and recycled (or non-potable water facilities) designed to meet the needs of development within the District. These facilities include, but are not limited to, potable and non-potable mains, valves, pressure reducing stations, flow meters, fire

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 5 hydrants, and other improvements related thereto such as site clearing, grading, and paving; services, and appurtenances; wells; water treatment, distribution, and storage facilities; curbs and gutters; booster pump stations; stand-by generators; site lighting, drainage, sanitary sewer, and water service; landscaping and irrigation; access gates and fencing; and striping and signage.

DRAINAGE SYSTEM IMPROVEMENTS
Authorized facilities include any and all drainage and storm drain improvements designed to meet the needs of development within the District. These facilities include, but may not be limited to: excavation and grading, pipelines and appurtenances, outfalls, and water quality measures; detention/retention basins, drainage pretreatment facilities, drainage ways/channels, pump stations, landscaping and irrigation; access roads, gates and fencing; and striping and signage and other improvements related thereto.

WASTEWATER SYSTEM IMPROVEMENTS
Authorized facilities include all wastewater facilities designed to meet the needs of development within the District. These facilities include, but may not be limited to, pipelines and all appurtenances thereto; manholes; tie-in to existing main line; force mains; lift stations; odor-control facilities; and permitting related thereto; and related sewer system improvements.

PARK, PARKWAY, OPEN SPACE AND PRESERVE IMPROVEMENTS
Authorized facilities include any and all improvements to parks, parkways, and open space required for development within the District. These facilities include, but may not be limited to grading; turf, shrubs and trees; landscaping irrigation; site lighting; drainage; sanitary sewer and water service, pedestrian and bicycle trails, protective fencing (including soundwalls), pedestrian/bicycle bridges; public art; active and passive park and open space improvements (including respites and overlooks); related monumentation and signage; storm drain crossings; environmental mitigation for wetlands, hawk, and other species for infrastructure under the Specific Plan Infrastructure Fee Program and authorized facilities herein; access gates and fencing; and related park, open space and preserve improvements.

OTHER INCIDENTAL EXPENSES AND BOND ISSUANCE COSTS
In addition to the above facilities, other incidental expenses as authorized by the Act, including, but not limited to, the cost of planning and designing the facilities (including the cost of environmental evaluation, remediation and mitigation); engineering and surveying; construction staking; utility relocation and demolition costs incidental to the construction of the public facilities; costs of project/construction management; costs (including the costs of legal services) associated with the formation of the District; issuance of bonds (if any); determination of the amount of taxes; collection of taxes; payment of taxes; costs of calculating and providing reimbursements from one-time special tax payments; or costs otherwise incurred in order to carry out the authorized purposes of the District; and any other expenses incidental to the formation and implementation of the District and to the construction, completion, inspection and acquisition of the authorized facilities.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 6 Incidental Expenses
It is anticipated that the following incidental expenses may be incurred for the District:
 Engineering services
 Special tax consultant services
 City review and administration
 Bond counsel services
 Bond counsel expenses
 Disclosure counsel services
 Disclosure counsel expenses
 Independent financial advisor services
 Appraiser services
 Market absorption study and real estate economist services  Initial bond transfer agent, fiscal agent, registrar and paying agent fees  Rebate calculation service set up charge
 Bond printing
 Offering memorandum printing and mailing costs
 Publishing, mailing and posting of notices
 Underwriter’s discount
 Bond reserve fund
 Capitalized interest
 Bond syndication costs
 Governmental notification and filing costs
 Credit enhancement costs
 Real estate acquisition costs
 Rating agency fees
 Charges and fees of City other than those waived
Certain annual costs may be included in each annual special tax levy. These include:
 Annual bond transfer agent, fiscal agent, registrar and paying agent fees  Annual rebate calculation costs
 Special tax consultant costs
 Other necessary consultant costs
 Costs of posting and collecting the special taxes
 Personnel and Administrative costs of the City
 Arbitrage rebate
 Continuing disclosure reporting and compliance

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 7

COST ESTIMATE
Estimated Cost of Public Facilities
The District is eligible to finance the public facilities described in the Description of Facilities section of this Report. The estimated cost for constructing all required facilities for the Russell Ranch subdivision is approximately $108,153,600, covering backbone infrastructure, soft costs, and subdivision infrastructure.

Backbone infrastructure improvements include upgrades to transportation, water systems, recycled water systems, drainage, wastewater, parks, parkways, and open spaces. Subdivision infrastructure encompasses underground utilities, roadways, street lighting, sound walls, and landscaping.

Annual Appropriations Limit
The Fiscal Year 2025/26 annual appropriations limit is $3,500,000.

Maximum Bonded Indebtedness
The maximum authorized bonded indebtedness for the District is $3,500,000.

Maximum Special Tax Rates
The determination and application of the maximum special tax rates for the District are more fully set forth in the Rate and Method of Apportionment, which is included under Exhibit B of this Report. The Rate and Method of Apportionment for the District was included as part of the Resolution of Intention, approved by the City Council on May 13, 2025, and established the Fiscal Year 2025/26 maximum special tax rates. The Fiscal Year 2025/26 maximum special tax rates are presented in the table below.

Land Use Category
Residential
Floor Area
FY 2025/26
Maximum
Special Tax Rate Taxed Per
Developed Property:

Multi Family Low Density Property ≥ 2,000 $1,534 Residential Unit Multi Family Low Density Property 1,800 – 1,999 1,336 Residential Unit Multi Family Low Density Property < 1,800 1,280 Residential Unit Other Taxable Property Not Applicable 13,400 Acre

Small Lot Final Map Property:

Multi Family Low Density Property Not Applicable $1,280 Residential Lot

Large Lot Property : Not Applicable $13,400 Acre

As a result of future Assessor’s Parcel changes, described in Section C.1 of the Rate and Method of Apportionment, the maximum special tax rates for Developed Property and Small Lot Final Map Property may exceed the Developed Property and Small Lot Final Map Property maximum special tax rates set forth in the table above.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 8 Annual Maximum Special Tax Escalation
On each July 1, commencing on July 1, 2026, the maximum special tax shall be increased by 2% of the maximum special tax in effect for the previous Fiscal Year.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report 9

RATE AND METHOD OF APPORTIONMENT
All the property located within the District, unless exempted by law or by the Rate and Method of Apportionment, shall be taxed for the purpose of providing the necessary facilities for the District.

Pursuant to Section 53325.3 of the Act, the tax imposed "is a special tax and not a special assessment, and there is no requirement that the tax be apportioned on the basis of benefit to any property." The special tax "may be based on benefit received by parcels of real property, the cost of making facilities available to each parcel, or other reasonable basis as determined by the legislative body," although the special tax may not be apportioned on an ad valorem basis pursuant to Article XIIIA of the California Constitution.

As shown in Appendix B, the Rate and Method of Apportionment provides information sufficient to allow each property owner to estimate the maximum special tax that he or she will be required to pay.

Term of Special Tax
The District’s special tax shall be levied commencing in Fiscal Year 2025/26 to the extent necessary to fully satisfy the annual special tax requirement and shall be levied for a period no longer than Fiscal Year 2064/65.

Manner of Collection
The annual special tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the District, may directly bill the special tax, and may collect special taxes at a different time or in a different manner as necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on Assessor's Parcels of taxable property that are delinquent in the payment of special taxes.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report A APPENDIX A: BOUNDARY MAP
The boundary map for the District is shown on the following page. The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the County Assessor, at the time this Report was prepared, and are incorporated by reference herein and made part of this Report.

06/24/2025 Item No.7.

06/24/2025 Item No.7.

City of Folsom
Community Facilities District No. 20-1 (Russell Ran ch 2) Public Hearing Report B APPENDIX B: RATE AND METHOD OF APPORTIONMENT
The following pages provide a copy of the District’s Rate and Method of Apportionment approved by the City Council on May 13, 2025, via Resolution No. 11374.

06/24/2025 Item No.7.

DRAFT City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES

FOR CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 20-1
(RUSSELL RANCH 2)

A Special Tax, as hereinafter defined, shall be lev ied and collected within the City of Folsom Communi ty Facilities District No. 20-1 (Russell Ranch 2) (“CF D No. 20-1”) each Fiscal Year commencing in Fiscal Year 2025-2026, in an amount determined by the applicati on of the procedures below. All Taxable Property within CFD No. 20-1, as hereinafter defined, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. GENERAL DEFINITIONS

The terms hereinafter set forth have the following meaning:

“Accessory Dwelling Unit” or “ADU” means all Assessor’s Parcels of Residential Property for which a building permit(s) has been issued for an “Accessor y Dwelling Unit” as defined in California Government Code Section 66313, as may be amended fr om time to time, that is accessory to a Residential Unit.

“Acre or Acreage” means the land area of an Assessor’s Parcel as sho wn on County records, such as an Assessor’s Parcel Map and secured roll data, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable Large Lo t Map, Small Lot Final Subdivision Map, condominium plan, record of survey, or other record ed document creating or describing the parcel.

If the preceding maps for a land area are not avail able, the Acreage of such land area may be determined utilizing available spatial data and GIS. The square footage of an Assessor’s Parcel is equal to the Acreage of such parcel multiplied by 43,560.

“Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1, Division 2 of Title 5 of the Government Code of the State.

“Administrative Expenses” means the actual or reasonably estimated costs dir ectly related to the administration of CFD No. 20-1 including, but not l imited to, the following: the costs of any paying agents/fiscal agents/trustees related to Bond payme nts (including the fees and expenses of related counsel); the costs of computing the Special Tax Requirement, the Special Taxes and of preparing the collection schedules for the Special Taxes; the cos ts of collecting the Special Taxes, including any charges levied by the County Auditor’s Office, Coun ty Tax Collector’s Office or County Treasurer’s Office; the costs of the City or designee in complying with the disclosure requirements associated with applicable federal and state securities laws, or ot herwise related to CFD No. 20-1 or the Bonds; the City’s annual administration fees and third party e xpenses; costs of responding to public inquiries regarding the Special Taxes; the costs of the City or designee related to an appeal of the Special Tax or interpretation of this Rate and Method of Apportionment of Special Taxes; amounts needed to pay any required arbitrage rebate to the federal govern ment related to the Bonds; the costs associated with the release of funds from any escrow account; and the costs of commencing and pursuing to completion any foreclosure action arising from deli nquent Special Taxes in CFD No. 20-1.

Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 20- 1 for any other administrative purposes of CFD No. 20-1.

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“Assessor’s Parcel” or “Parcel” means a lot or parcel shown in an Assessor’s Parce l Map with an assigned Assessor’s Parcel Number.

“Assessor’s Parcel Map” means an official map of the County Assessor of the County designating lots or parcels by an Assessor’s Parcel number.

“Assessor’s Parcel Number” or “APN” means, with respect to an Assessor’s Parcel, that number assigned to such Assessor’s Parcel by the County for purposes of identification.

“Bond Year” means a one year period beginning on September 2 nd in each year and ending on
September 1 st in the following year, unless defined differently in the applicable Indenture.

“Bonds” means bonds or other debt (as defined in section 53317 of the Act), whether in one or more series, issued or assumed by or on behalf of the Ci ty for CFD No. 20-1 under the Act, and secured by the pledge of the Special Taxes.

“Building Permit” means a permit issued by the City for new construc tion of a residential or non- residential building on an Assessor’s Parcel.

“CFD No. 20-1” means City of Folsom Community Facilities District No. 20-1 (Russell Ranch 2), established by the City Council pursuant to the Act.

“CFD No. 20-1 Administrator” means the City’s Finance Director, or designee thereof, responsible for determining the Special Tax Requirement and providi ng for the levy and collection of the Special Taxes.

“City” means the City of Folsom, California.

“City Council” means the City Council of the City, acting as the legislative body of CFD No. 20-1.

“County” means the County of Sacramento, California.

“Debt Service” means for each Bond Year, the total amount of princ ipal and interest due on any Outstanding Bonds.

“Developed Property” means, for each Fiscal Year, all Taxable Property f or which a Building Permit for new construction was issued prior to June 30 of the previous Fiscal Year.

“Exempt Property” means all property located within the boundaries of CFD No. 20-1 which is exempt from the Special Tax pursuant to the Act or Section E below.

“Fiscal Year” means the period starting July 1 and ending on the following June 30.

“Indenture” means the indenture, fiscal agent agreement, trust agreement, resolution or other instrument pursuant to which Bonds are issued, as m odified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.

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“Large Lot Property” means, for each Fiscal Year, all Taxable Property for which a Large Lot Map was recorded prior to June 30 of the previous Fiscal Ye ar, excluding any portion(s) thereof classified as Developed Property or Small Lot Final Map Property. Large Lot Property also means, for each Fiscal Year, all Taxable Property classified as Small Lot Final Map Remainder Property as of June 30 of the previous Fiscal Year.

“Large Lot Map” means a recorded subdivision map creating larger parcels by land use. The Large Lot Map does not create individual lots for which Building Permits may be issued for Residential Units.

“Maximum Special Tax”
means the total maximum annual Special Tax, determi ned in accordance with the provisions of Section C, which may be levi ed in any Fiscal Year on any Assessor’s Parcel of Taxable Property.

“Maximum Special Tax Rate”
means the maximum annual Special Tax rate for each land use category of Taxable Property, as shown in Attachment A, whic h may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.

“Minimum Special Tax Revenue” means the minimum amount of total CFD No. 20-1 Max imum Special Tax, as adjusted annually by the Special Ta x Escalation Factor, less any Maximum Special Tax amounts prepaid and permanently satisfied pursuant to Section I. The Minimum Special Tax Revenue, based on Planned Development, is set forth in Attac hment B of this Rate and Method of Apportionment of Special Taxes.

“Multi Family Low Density Property” means, for each Fiscal Year, all Taxable Property for which a Building Permit could be issued for purposes of con structing one or more detached or attached Residential Units with a permitted density range of 7-12 Residential Units per Acre and more fully described in the Folsom Plan Area Specific Plan adopted on June 28, 2011 and as amended by the City Council.

“Open Space Property” means property within CFD No. 20-1 which (a) has b een designated with specific boundaries and acreage on a Small Lot Final Subdivision Map as open space, or (b) is classified by the City zoning code or County Assessor as open space, or (c) has been irrevocably offered for dedication as open space to the federal government, the State of California, the County, the City, any other public agency, a private, non-profit organization, or (d) is encumbered by an easement or other restriction required by the City limiting the use of such property to open space.

“Other Taxable Property” means all other land uses of Taxable Property, for which a Building Permit for new construction can be issued. Other Taxable Property does not include Multi Family Low Density Property land use categories.

“Outstanding Bonds” means all Bonds, which remain outstanding as defin ed in the Indenture pursuant to which such Bonds were issued.

“Pay As You Go Costs” means that portion of the Special Tax Requirement attributable to the direct payment for the acquisition and/or construction of public improvements, which are authorized to be financed by CFD No. 20-1. Special Taxes attributable to Pay As You Go Costs may only be levied against Developed. After the issuance of the first series of Bonds, Pay As You Go Costs will no longer be levied and will not be included in determining the annual Special Tax Requirement.

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“Planned Development” means the planned number of Residential Units and Other Taxable Property Acreage planned within CFD No. 20-1, set forth in A ttachment B of this Rate and Method of Apportionment of Special Taxes, as amended by the future recordation of all Large Lot Maps and Small Lot Final Subdivision Maps within CFD No. 20-1.

“Property Owner Association Property” means any property within CFD No. 20-1 which is (a) owned by a property owner association or (b) designated w ith specific boundaries and Acreage on a Small Lot Final Subdivision Map as property owner associa tion property. As used in this definition, a property owner association includes any master or sub-association.

“Proportionately” means for Taxable Property that the ratio of the Special Tax levy to the Maximum Special Tax is equal for all Assessors’ Parcels within each land use category (Developed Property, Small Lot Final Map Property, Large Lot Property, etc.) within CFD No. 20-1.

“Public Property” means any property within CFD No. 20-1 which (a) is owned by a public agency, (b) has been irrevocably offered for dedication to a pu blic agency, or (c) is designated with specific boundaries and Acreage on a Small Lot Final Subdivi sion Map as property, which will be owned by a public agency. For purposes of this definition, a p ublic agency includes the federal government, the State, the County, the City, school districts, or any other governmental agency.

“Residential Floor Area” means all of the square footage of living area wit hin the perimeter of a residential structure, not including any carport, walkway, garage, overhang, patio, enclosed patio, or similar area. The determination of Residential Floo r Area shall be made by the CFD No. 20-1 Administrator by reference to appropriate records kept by the City’s building department. Residential Floor Area for a residential structure will be based on the Building Permit(s) issued for such structure prior to it being classified as Developed Property and will not be adjusted as a result of future development modifications.

“Residential Lot” means an individual residential lot within a recorded Small Lot Final Subdivision Map on which a Building Permit has been or is permitted to be issued for construction of one or more Residential Units.

“Residential Property” means, for each Fiscal Year, all Taxable Property f or which a Building Permit has been issued for purposes of constructing Reside ntial Units, including Multi Family Low Density Property.

“Residential Unit” means an individual single family detached residen tial unit or an individual residential unit within an apartment building, dupl ex, triplex, fourplex, townhome or condominium structure. The number of Residential Units assigned to each Assessor’s Parcel may be determined by (a) referencing Assessor’s Data, (b) site surveys and physical unit counts, and/or (c) other research by the CFD Administrator.

An Accessory Dwelling Unit shall not be considered a Residential Unit for the purposes of the Special Tax.

“Small Lot Final Map Property” means, for each Fiscal Year, all Taxable Property for which a Small Lot Final Subdivision Map was recorded prior to June 30 of the previous Fiscal Year.

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“Small Lot Final Map Remainder Property” means an Assessor’s Parcel that is created from the subdivision of Large Lot Property by the recordation of a Small Lot Final Subdivision Map that has not yet been mapped for final development approval. Sma ll Lot Final Map Remainder Property is that portion of property for which the Small Lot Final Subdivision Map definition does not apply (i.e., does not contain individual lots for which building perm its may be issued for Residential Units without further subdivision of such property). Each Fiscal Year, all Taxable Property classified as Small Lot Final Map Remainder Property, as of June 30 of the previo us Fiscal Year, will be considered Large Lot Property.

“Small Lot Final Subdivision Map” means a subdivision of property created by recorda tion of a final subdivision map, parcel map or lot line adjustment, approved by the City pursuant to the Subdivision Map Act (California Government Code Section 66410 e t seq.) or recordation of a condominium plan pursuant to California Civil Code 1352, that creates individual lots for which building permits may be issued for Residential Units without further subdivision of such property.

“Special Tax” means
the annual Special Tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

“Special Tax Escalation Factor” means two percent (2%) annually.

“Special Tax Requirement” means that amount required in any Fiscal Year for CFD No. 20-1 to (1) pay Debt Service on all Outstanding Bonds due in the succeeding Bond Year; (2) pay Debt Service on Bonds expected to be issued on behalf of CFD No. 20-1 due in the succeeding Debt Year; (3) Administrative Expenses; (4) provide any amount required to establish or replenish a reserve fund in connection with any CFD No. 20-1 Bonds; (5) provide an amount equal to reasonably anticipated Special Tax delinquencies based on the delinquency rate for Spe cial Taxes levied in the previous Fiscal Year as determined by the CFD Administrator, as limited by the Act, and without duplicating any amounts described in clauses (3) or (4); and (6) account fo r Pay As You Go Costs. The amounts referred to in clauses (1) through (5) of the preceding sentence may be reduced in any Fiscal Year (in the City's sole discretion) by (i) surplus balances in funds and ac counts for CFD No. 20-1 Bonds to the extent that such balances are available to apply against Debt Service pursuant to the Indenture, (ii) proceeds from the collection of penalties associated with delinqu ent Special Tax, and (iii) any other revenues available to pay Debt Service on the Outstanding Bonds or other indebtedness as determined by the CFD Administrator.

“Special Tax Term” means Fiscal Year 2064-2065.

“State” means the State of California.

“Taxable Property” means all of the Assessor’s Parcels within the CFD No. 20-1 Boundaries that are not exempt from the CFD No. 20-1 Special Tax pursuant to law or Section E below.

“Trustee” means the entity appointed pursuant to an Indenture to act as the trustee, fiscal agent, or paying agent or a combination thereof.

“Welfare Exempt Property” means, in any Fiscal Year, all Assessor Parcels wit hin the boundaries of CFD No. 20-1 that (a) have been granted a welfare exemption by the County under subdivision (g) of Section 214 of the Revenue and Taxation Code indicated in the Assessor’s Data finalized as of January

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1 of the previous Fiscal Year, and (b) are exempt from the Special Tax pursuant to Section 53340(c) of the Act. Pursuant to Section 53340(c) of the Act, a fter the issuance of the first series of Bonds, as applicable, any Assessor’s Parcels that receive a w elfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code shall not be classified as Welfare Exempt Property and will be subject to the Special Tax.

B. ASSIGNMENT TO LAND USE CATEGORIES

Each Fiscal Year, using City and County records, Ci ty zoning information, and land use development plans, all Assessor’s Parcels within CFD No. 20-1 s hall be designated as either Taxable Property or Exempt Property.

All Taxable Property shall be further classified as Developed Property, Small Lot Final Map Property, or Large Lot Property and shall be subject to the l evy of the annual Special Tax determined pursuant to Section C below. Once Taxable Property is classified as Developed Property, it shall remain classified as Developed Property and shall not be reclassified, regardless of changes in land use or development modifications.

C. SPECIAL TAX

A Maximum Special Tax shall be assigned to all Taxable Property within CFD No. 20-1 according to the Maximum Special Tax Rates set forth in Attachment A of this Rate and Method of Apportionment of Special Taxes.

Once assigned, the sum of the total Maximum Special Tax shall be equal to or greater than the Minimum Special Tax Revenue. The Minimum Special Ta x Revenue for Fiscal Year 2025-2026 is set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes.

On each July 1, commencing on July 1, 2026, the Max imum Special Tax Rates and Minimum Special Tax Revenue shall be increased by the Special Tax Escalation Factor of the Maximum Special Tax Rates and Minimum Special Tax Revenue in effect for the previous Fiscal Year.

C.1. Future Assessor’s Parcel Changes
The Maximum Special Tax shall be assigned to all fu ture Assessor’s Parcel(s) created from a subdivision, lot line adjustment, or merger of one or more Assessor’s Parcels so that the revised sum of the total Maximum Special Tax revenue is not less than the Minimum Special Tax Revenue set forth in Attachment B of this Rate and Method of Apportionment of Special Taxes.

Large Lot Property Subdividing into Small Lot Final Map Property When Large Lot Property subdivides into Small Lot Final Map Property, the Maximum Special Tax shall be calculated for all Taxable Property as if all of the Taxable Property was classified as Developed Property. If the Large Lot Property subdi vision also creates Small Lot Final Map Remainder Property, the expected Developed Property Maximum Special Tax for the Small Lot Final Map Remainder Property shall be based upon th e Planned Development for the Small Lot Final Map Remainder Property. The expected Developed Property Maximum Special Tax for any

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remaining Large Lot Property shall be based upon th e Planned Development of the Large Lot Property.

If the sum of the total expected Developed Property Maximum Special Tax is greater than or equal to the Minimum Special Tax Revenue, there wil l be no further adjustments to the Developed Property and Small Lot Final Map Property Maximum Special Tax Rates for the Small Lot Final Map Property and Small Lot Final Map Remainder Property created from the Large Lot Property subdivision.

If the sum of the total expected Developed Property Maximum Special Tax is less than the Minimum Special Tax Revenue, and such difference is not eliminated by the full or partial prepayment of the Maximum Special Tax pursuant to S ection I, the Developed Property and Small Lot Final Map Property Maximum Special Tax Rates shall be Proportionately increased, on the Small Lot Final Map Property and Small Lot Final Map Remainder Property created from the Large Lot Property subdivision, until the sum of the total expected Developed Property Maximum Special Tax is equal to the Minimum Special Tax Revenue. Attachment B of this Rate and Method of Apportionment of Special Taxes shall be updated to reflect any increases to the Maximum Special Tax Rates from the Large Lot Property subdivision. The Developed Property and Small Lot Final Map Property Maximum Special Tax Rates shall not be adjusted for any Taxable Property already classified as Developed Property or Small L ot Final Map Property created prior to the Large Lot Property subdivision.

C.2. Method of Apportionment of Special Tax
Using the definitions and procedures described here in, the CFD No. 20-1 Administrator shall determine the Special Tax Requirement and levy the Special Tax until the amount of Special Taxes equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows:

First: The Special Tax shall be levied Proportiona tely on all Developed Property at a rate up to 100% of the Maximum Special Tax in order to satisfy the Special Tax Requirement.

Second: If additional monies are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be l evied Proportionately on all Small Lot Final Map Property at a rate up to 100% of the Maximum Sp ecial Tax. The Special Tax shall be levied on Small Lot Final Map Property for the entire portion of the Special Tax Requirement, excluding only Pay As You Go Costs.

Third: If additional monies are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Special Tax shall be levied Proportionately on all Large Lot Property at a rate up to 100% of the Maximum Specia l Tax. The Special Tax shall be levied on Large Lot Property for the entire portion of the Sp ecial Tax Requirement, excluding only Pay As You Go Costs.

D. DELINQUENCIES

Notwithstanding the above, under no circumstances w ill the CFD No. 20-1 Special Tax levied against any Assessor’s Parcel of Developed Property classif ied as Residential Property, in any Fiscal Year, be increased as a consequence of the delinquency or default in the payment of the CFD No. 20-1 Special Taxes by the owner or owners of any other Taxable P roperty by more than ten percent (10%) above

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the amount that would have been levied against such Assessor’s Parcel in such Fiscal Year had there been no delinquencies or defaults.

E. EXEMPTIONS

E.1. The CFD No. 20-1 Administrator shall classify the following as Exempt Property: Public Property, Property Owner Association Property, Open Space Pro perty, and Assessor’s Parcels with public or utility easements making impractical their utilization for any use other than the purposes set forth in the easement.

E.2. No Special Tax shall be levied on any Assessor’s Parcel in any Fiscal Year in which such Assessor’s Parcel is classified as Welfare Exempt Property; ho wever, pursuant to Section 53340(c) of the Act, after the issuance of the first series of Bond s, as applicable, any Assessor’s Parcels that receive a welfare exemption under subdivision (g) o f Section 214 of the Revenue and Taxation Code shall not be classified as Welfare Exempt Property and will be subject to the Special Tax.

E.3. The Maximum Special Tax obligation for Taxable Property which will be transferred or dedicated to a public agency and will be classified as Public Property shall be prepaid in full by the seller, pursuant to Section K, prior to the transfer/dedica tion of such Taxable Property. Until the Maximum Special Tax obligation for any such Taxable Property is prepaid, the Taxable Property shall continue to be subject to the levy of the Spe cial Tax. An exception to this may be made if an Assessor’s Parcel of Public Property, such as a school site, is relocated to an Assessor’s Parcel of Taxable Property, in which case the Assessor’s P arcel of previously Public Property becomes Taxable Property and the Assessor’s Parcel of previ ously Taxable Property becomes Public Property. This trading of an Assessor’s Parcel from Taxable Property to Public Property will be permitted to the extent there is no loss in Maximum Special Tax revenue, and the transfer is agreed to by the owners of all Assessor’s Parcels involved in the transfer and the City Council.

E.4. If the use of an Assessor’s Parcel changes so that such Assessor’s Parcel is no longer eligible to be classified as one of the uses set forth in Secti on E.1 above that would make such Assessor’s Parcel eligible to continue to be classified as Exempt Property, such Assessor’s Parcel shall cease to be classified as Exempt Property and shall be de emed to be Taxable Property and subject to the Special Tax.

F. INTERPRETATIONS

The City reserves the right to make minor administrative and technical changes to this document that do not materially affect the Rate and Method of App ortionment of Special Taxes. In addition, the interpretation and application of any section of th is document shall be at the City’s discretion.

Interpretations may be made by the City by ordinanc e or resolution for purposes of clarifying any vagueness or ambiguity in this Rate and Method of Apportionment of Special Taxes.

G. REVIEW/APPEALS

The CFD No. 20-1 Administrator may establish such p rocedures, as it deems necessary to undertake the review of any such appeal. The CFD No. 20-1 Adm inistrator shall interpret this Rate and Method

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of Apportionment of Special Taxes and make determinations relative to the annual administration of the Special Tax and any property owner appeals, as herein specified.

Any property owner may file a written appeal of the Special Tax with the CFD No. 20-1 Administrator claiming that the amount or application of the Special Tax is not correct. The appeal must be filed not later than one calendar year after having paid the Special Taxes that are disputed, and the appellant must be current in all payments of Special Taxes. I n addition, during the term of the appeal process, all Special Taxes levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the a ppellant claims the Special Taxes are in error.

The CFD No. 20-1 Administrator shall review the appeal, meet with the appellant if the CFD No. 20-1 Administrator deems necessary, and advise the appellant of its determination.

If the property owner disagrees with the CFD No. 20-1 Administrator’s decision relative to the appeal, the owner may file a written notice with the City M anager appealing the amount of the Special Tax levied on such Assessor’s Parcel. If following such consultation and action, if any, by the City Manager, the property owner believes such error still exists, such person may file a written notice with the City Council appealing the amount of the Special Tax levied on such Assessor’s Parcel. The decision of the City shall be final and binding to all persons. If the decision of the CFD No. 20-1 Administrator or subsequent decision by the City Manager or City Council requires the Special Taxes to be modified or changed in favor of the property owner, no cash ref und shall be made for prior years’ Special Taxes, but an adjustment shall be made to credit future Special Taxes. This procedure shall be exclusive and its exhaustion by any property owner shall be a condition precedent to filing any legal action by such owner.

H. MANNER OF COLLECTION

The annual Special Tax shall be collected in the sa me manner and at the same time as ordinary ad valorem property taxes; provided, however, that CFD No. 20-1, may, at the sole discretion of the City, directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner as necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on Assessor’s Parcels of Taxable Property that are delinquent in the payment of Special Taxes.

I. PREPAYMENT OF SPECIAL TAX

The Special Tax obligation of an Assessor’s Parcel of Taxable Property may be prepaid and permanently satisfied as described herein; provided that there are no delinquent Special Taxes with respect to such Assessor’s Parcel at the time of pr epayment. An owner of an Assessor’s Parcel intending to prepay the Special Tax obligation shal l provide the CFD No. 20-1 Administrator with written notice of intent to prepay. Within 30 days of receipt of such written notice, the CFD No. 20-1 Administrator shall notify such owner of the prepay ment amount of such Assessor’s Parcel.

Prepayment must be made not less than 60 days prior to the next occurring date that notice of redemption of Bonds, whichever date is earlier, from the proceeds of such prepayment may be given to the Trustee pursuant to the Indenture. The CFD N o. 20-1 Administrator may charge a fee for providing this service.

The following definitions apply to this Section I:

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“Authorized Facilities” means the public facilities authorized to be financ ed, in whole or in part, by CFD No. 20-1.

“Buildout” means the state of maximum development of CFD No. 2 0-1, based on plans and anticipated development.

"CFD Public Facilities Cost" means $3,889,000 for CFD No. 20-1, expressed in 2025 dollars, which shall increase by the annual percentage change in the Con struction Inflation Index on July 1, 2026 and on each July 1 thereafter, or such lower number as (i) shall be determined by the CFD No. 20-1 Administrator as sufficient to provide the public facilities to be funded by CFD No. 20-1 or (ii) shall be determined by the City Council concurrently with a covenant that it will not issue any more Bonds to be supported by Special Taxes levied under this Rate and Method of Apportionment of Special Taxes as described in Section C.

"Construction Inflation Index" means the annual percentage change in the Engineering News-Record Construction Cost Index, measured as of the calendar year which ends in the previous Fiscal Year, but not less than zero percent. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the C ity that is reasonably comparable to the Engineering News-Record Construction Cost Index.

"Future Facilities Costs" means, as of the date of prepayment, the CFD Public Facilities Costs minus the portion of the CFD Public Facilities Costs prev iously funded from (a) proceeds of all Previously Issued Bonds, which were, at the time of issuance, available to the City for Authorized Facilities, (b ) interest earnings on the improvement fund actually earned prior to the date of prepayment, and (c) proceeds of the Special Tax dedicated to Pay-As-You -Go Costs. In no case shall the Future Facilities Costs be less than zero.

"Previously Issued Bonds" means all Outstanding Bonds that have been issued on behalf of CFD No. 20-1 prior to the date of prepayment.

I.1. Prepayment in Full
If a prepayment is made prior to the issuance of Bo nds, the Redemption Premium, Interest Amount, Reserve Fund Credit, and Capitalized Interest Credit as calculated below, shall be zero.

The Prepayment Amount (defined below) shall be calc ulated as summarized below (capitalized terms as defined below):

Bond Redemption Amount:

Plus Future Facilities Amount
Plus Redemption Premium
Plus Interest Amount
Plus Administrative Fees and Expenses
Less Reserve Fund Credit
Less Capitalized Interest Credit
Total: Prepayment Amount

As of the proposed date of prepayment, the Prepayment Amount shall be calculated by the CFD No. 20-1 Administrator as follows:

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Step 1: Confirm that no Special Tax delinquency app lies to such Assessor’s Parcel, and if delinquencies are applicable compute all amounts due, including interest and penalties.

Step 2: For Assessor’s Parcels of Developed Propert y compute the Maximum Special Tax. For Assessor’s Parcels of Small Lot Final Map Property and Large Lot Property to be prepaid, compute the Maximum Special Tax for that Assessor’s Parcel as though it was already designated as Developed Property, based upon the expected development for that Assessor’s Parcel.

Step 3: Divide the Maximum Special Tax computed pur suant to Step 2 by the total estimated Maximum Special Tax for CFD No. 20-1 based on the D eveloped Property Maximum Special Tax which could be charged in the current Fiscal Year on all expected development through buildout of CFD No. 20-1. (the “ Maximum Special Tax Percentage ”).

Step 4: Multiply the Maximum Special Tax Percentage by the Outstanding Bonds to compute the principal amount of Outstanding Bonds to be redeemed (the “Bond Redemption Amount” ).

Step 5: Compute the Future Facilities Costs.

Step 6: Multiply the Maximum Special Tax Percentage by the total Future Facilities Costs to compute the Future Facilities amount to be prepaid (the “Future Facilities Amount” ).

Step 7: Multiply the Bond Redemption Amount compute d pursuant to Step 4 by the applicable redemption premium, if any, on the Outstanding Bond s to be redeemed (the " Redemption Premium ") determined by reference to the Indenture.

Step 8: Compute the amount needed to pay interest on the Bond Redemption Amount from the first bond interest and/or principal payment date f ollowing the current Fiscal Year until the earliest redemption date for the Outstanding Bonds (the “ Interest Amount ”).

Step 9: Verify the administrative fees and expenses , including the costs of computation of the prepayment, the costs to invest the prepayment proc eeds, the costs of redeeming the Outstanding Bonds, and the costs of recording any notices to evidence the prepayment and the redemption (the “Administrative Fees and Expenses”).

Step 10: If reserve funds for the Outstanding Bonds held under the Indenture, if any, are at or above 100% of the then reserve requirement (as required by the Indenture) on the prepayment date, a reserve fund credit shall be calculated as a reduction in the applicable reserve requirement for the Outstanding Bonds to be redeeme d pursuant to the prepayment (the "Reserve Fund Credit" ). No Reserve Fund Credit shall be granted if reserve funds are below 100% of the applicable reserve requirement on the prepayment date or if the Reserve Fund is satisfied by a credit instrument rather than cash funded.

Step 11: If any capitalized interest for the Outstanding Bonds will not have been expended at the time of the first interest and/or principal payment following the current Fiscal Year, a capitalized interest credit shall be calculated by multiplying the Maximum Special Tax Percentage by the expected balance in the capitalized interest fund a fter such first interest and/or principal payment (the "Capitalized Interest Credit").

06/24/2025 Item No.7.

DRAFT City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 12

Step 12: The Special Tax prepayment is equal to the sum of the amounts computed pursuant to Steps 4, 6, 7, 8 and 9 less the amount computed pur suant to Steps 10 and 11 (the " Prepayment Amount ").

Step 13: From the Prepayment Amount, the amounts computed pursuant to Step 6 shall be used by the City to pay for Future Facilities Costs. The amounts computed pursuant to Steps 4, 6, 7 and 8 shall be deposited into the appropriate fund as established under the Indenture and be used to redeem Outstanding Bonds or make Debt Servi ce payments. The amount computed pursuant to Step 9 shall be retained by the City fo r the payment of Administrative Fees and Expenses.

Current year Special Taxes that are not yet paid will remain outstanding and will be collected in the manner billed. With respect to any Assessor's P arcel that is prepaid, the CFD No. 20-1 Administrator shall cause a suitable notice to be recorded in compliance with the Act to indicate the prepayment of the Special Tax and the obligation of such Assessor's Parcel has been satisfied.

Notwithstanding the foregoing, no Special Tax prepa yment shall be allowed unless the amount of Maximum Special Taxes, net of any priority admin istration, if any as defined in the Bond documents, that may be levied on Taxable Property, in each Fiscal Year, both prior to and after the proposed prepayment, is at least 1.1 times the annual Debt Service on all Outstanding Bonds to be paid from the Maximum Special Taxes in each Fiscal Year.

I.2. Prepayment in Part
The Special Tax obligation may be partially prepaid in any percentage of the full Prepayment Amount. The amount of the partial prepayment shall be calculated as in the above Section I.1; except that a partial prepayment shall be calculated according to the following formula:

PP = ((PE – A) x F) + A

These terms have the following meaning:

PP = the Partial Prepayment Amount
PE = the Prepayment Amount calculated according to Section I.1 above A = the Administrative Fees and Expenses calculated according to Section I.1 above F = the percent by which the owner of the Assessor’s Parcel(s) is partially prepaying the Special Tax obligation.

The owner of an Assessor’s Parcel who desires to partially prepay the Special Tax obligation shall notify the CFD No. 20-1 Administrator of (i) such o wner’s intent to partially prepay the Special Tax obligation, (ii) the amount of partial prepayme nt expressed in increments equal to percentage of the full Prepayment Amount, and (iii) the company or agency that will be acting as the escrow agent, if applicable. Partial prepayment must be made not less than 60 days prior to the next occurring date that notice of redemptio n of Bonds, whichever date is earlier, from the proceeds of such prepayment may be given to the Trustee pursuant to the Indenture. The CFD No. 20-1 Administrator may charge a fee for providing this service.

06/24/2025 Item No.7.

DRAFT City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 13
With respect to any Assessor’s Parcel that is parti ally prepaid, the CFD No. 20-1 Administrator shall indicate in the records of CFD No. 20-1 that there has been a partial prepayment of the Special Tax obligation and that a portion of the Sp ecial Tax obligation equal to the outstanding percentage (1.00 – F) of the remaining Special Tax obligation shall continue to be authorized to be levied on such Assessor’s Parcel pursuant to Section C.

Notwithstanding the foregoing, no partial prepaymen t shall be allowed unless the amount of Maximum Special Taxes, net of any priority administ ration, if any as defined in the Bond documents, that may be levied on Taxable Property, in each Fiscal Year, both prior to and after the proposed partial prepayment, is at least 1.1 times the annual Debt Service on all Outstanding Bonds to be paid from the Maximum Special Taxes in each Fiscal Year.

J. TERM OF SPECIAL TAX

The Maximum Special Tax shall be levied commencing in Fiscal Year 2025-2026 to the extent necessary to fully satisfy the Special Tax Requirement and shall be levied for the Special Tax Term.

06/24/2025 Item No.7.

DRAFT City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 14

Attachment A
City of Folsom
Community Facilities District No. 20-1 (Russell Ranch 2) Maximum Special Tax Rates
(Fiscal Year 2025-2026)

Land Use Category
Residential
Floor Area
20 25 -202 6
Maximum
Special Tax
Rate (1) Taxed Per
Developed Property:

Multi Family Low Density Property ≥ 2, 000 $1, 534 Residential Unit Multi Family Low Density Property 1,8 00 – 1,99 9 1, 336 Residential Unit Multi Family Low Density Property < 1,800 1, 280 Residential Unit Other Taxable Property Not Applicable 13, 400 Acre

Small Lot Final Map Property :

Multi Family Low Density Property Not Applicable $1, 280 Residential Lot

Large Lot Property : Not Applicable $13, 400 Acre
(1) On each July 1, commencing on July 1, 2026, the Maximum Special Tax Rates shall be increased by the Special Tax Escalation Factor of the Maximum Specia l Tax Rates in effect for the previous Fiscal Year.

06/24/2025 Item No.7.

DRAFT City of Folsom - Community Facilities District No. 20-1 April 25, 2025 (Russell Ranch 2) Page 15
Attachment B
City of Folsom
Community Facilities District No. 20-1 (Russell Ranch 2) Minimum Special Tax Revenue
(Fiscal Year 2025-2026)

Land Use Category
Planned
Residential
Units / Acres
20 25 -202 6
Developed Property
Maximum Special
Tax Rate (1)(2)
20 25 -202 6
Minimum
Special Tax
Revenue (1)(3)
Developed Property:

Multi Family Low Density Property 118 $1,280 $151,040 Other Taxable Property 0.0 13,400 0
Total Minimum Special Tax Revenue $151,040
(1) On each July 1, commencing on July 1, 2026, the Develop ed Property Maximum Special Tax Rates and Minimum Special Tax Revenue shall be increased by t he Special Tax Escalation Factor of the Developed Property Maximum Special Tax Rates and Minimum Spec ial Tax Revenue in effect for the previous Fiscal Year.
(2) As a result of future Assessor’s Parcel changes, de scribed in Section C.1, the assigned Maximum Special Tax Rates for Developed Property may exceed the Dev eloped Property Maximum Special Tax Rates set forth in this table.
(3) The total Minimum Special Tax Revenue may be decreased as result of all or a portion of Maximum Special Tax obligations being prepaid and permanently satis fied pursuant to Section I. (4) Based upon the Developed Property Maximum Special T ax Rate for Multi Family Low Density Property with Residential Floor Area of less than 1,800 square feet.

06/24/2025 Item No.7.

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to facilitate double-sided printing
and minimize paper use.

06/24/2025 Item No.7.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

New Business
SUBJECT: Resolution No. 11403 - A Resolution Initiating Proceedings for the Formation of a Landscaping and Lighting Assessment
District to be known as the Natoma Station Maintenance
Assessment District No. 2025-2
FROM: Parks and Recreation Department

RECOMMENDATION / CITY COUNCIL ACTION
Staff recommends the City Council approve Resolution No. 11403 - A Resolution Initiating Proceedings for the Formation of a Landscaping and Lighting Assessment District to be known as the Natoma Station Maintenance Assessment District No. 2025-2.

BACKGROUND / ISSUE
This action is for authorization to prepare the reports that will address the formation of a new landscaping and lighting district for the area known as Natoma Station. The new district would become Natoma Station Maintenance Assessment District No. 2025-2. If approved by a vote of the property owners, the new district would replace the existing Natoma Station Landscaping and Lighting District. Pursuant to Section 22611 of the Streets and Highways Code, all assets, liabilities, revenues, expenses and installments of the original Natoma Station Landscaping and Lighting District shall be transferred to, and assumed by, the Natoma Station Maintenance Assessment District No. 2025-2 for the continued maintenance and servicing of the improvements.

The Natoma Station Landscaping and Lighting District (District) was formed in 199 0 and is one of the older districts within the City. There has not been an increase in the assessment since its formation and there is no escalator authorized on the assessment as well . There are 1272 single-family dwelling units within the district, and it was formed to maintain the landscaping and associated improvements along Iron Point, Blue Ravine, Turnpike, Black Diamond, and Natoma Station, as well as the subdivision’s streetlights, landscape lighting, irrigation systems, open space, monument entry signage, soundwalls, art pieces, and mini parks. To comply with Proposition 218 pertaining to new or increased assessments, the City’s engineer for assessment

06/24/2025 Item No.8.
2 district proceedings, NBS Government Finance Group, recommends the formation of a new landscaping and lighting district to fund the improvements and services that will convey a special benefit to the district’s residents. The proposed district, which will replace the existing district upon voter approval, will cover the entire Natoma Station Landscaping and Lighting District.

POLICY / RULE
Formation of a new landscaping and lighting district is governed by the procedure set forth in Division 15, Part 2, Chapter 2, Sections 22585 et. seq. of the Streets and Highways Code.

ANALYSIS
Over the last several years, the City has been monitoring the revenue and expenses in the district. The current annual assessment of $91.70 per single family equivalent (SFE) unit does not have an escalator built into it nor has it been increased since 1990. In addition, the current annual assessment rate has been unable to keep up with inflation or provide adequate revenue to maintain and service the improvements within the District.

The City initiated a public outreach program for the Natoma Station community with two public meetings that were held on June 17, 2022, and March 13, 2024 . The intent of the meetings was to discuss the options and ideas for addressing the district’s financial condition and develop a viable option that will ultimately be voted on and approved (or denied) by the property owners within the District.

Staff presented four potential options for this district tha t are as follows: 1 ) Reduce level of service based on current funding; 2) create a new district that would just cover budget deficit; 3) create a new district to address budget deficit and address some deferred maintenance; and 4) create a new district to cover deficit and address all deferred maintenance and provide some enhancements. There was thoughtful discussion to ensure those in attendance had their questions answered. As a result of these two public meetings , those in attendance were supportive of Option 4. Option 4 was put out to a vote of the District property owners and results were presented on April 8, 2025, at the City Council meeting. The results of the assessment proceedings narrowly failed with 49.65% voting in favor and 50.35% opposed.

Since the results were presented on April 8, 2025, staff have held two additional community meetings to discuss the results and the service reductions that will be necessary to align with the existing assessment revenue amounts. Meetings were held on May 20, 2025, and May 28, 2025. Meetings were well attended with approximately 50 community members at each meeting. Feedback from those in attendance was that there is community support to go forward with a new ballot proceeding with increased communication w ith the district residents. Staff have since updated the Natoma Station website to include all relevant documents and an updated facts sheet to increase transparency and access to information. The City communications team is assisting with outreach efforts utilizing social media including district specific social media pages.

06/24/2025 Item No.8.
3 The primary objective of forming a new district, which would have the same boundary as the existing district, is to specifically address deferred maintenance of the improvements withi n the district, debt repayment, plan for life -cycle replacements and repairs for years into the future and provide for an annual inflationary adjustment as needed. Such deferred items include outdated and un -centralized irrigation systems, replacement of missing landscaping, addressing tree care and implementation of water conservation measures such as replacing dead/dying trees and shrubs with water wise plantings , and LED streetlight retrofits . Should the new landscaping and lighting district be formed, it is proposed to complete many of the deferred maintenance improvements over the first few years as well as embark on the phased replacement plan for the older landscape areas.

The City has successfully created six new overlay districts with similar objectives and a similar process within the last fourteen years for American River Canyon North No. 3 created in 2007, Blue Ravine Oaks No. 2 created in 2011, Folsom Heights No. 2 created in 2013 , Broadstone No. 4 created in 2015 , Willow Creek Estates East in 2017, and Prairie Oaks Ranch No. 2 in 2021. These past assessment districts were overlay districts in addition to the original district.

This district is proposed to replace the original district; this will allow us to reduce the costs of engineering reports annually and work from one appropriately funded budget for all district assets. The attached resolution proposes the initiation of a formation proceeding for a new landscaping and lighting district and directs the engineer to prepare and file the report outlining the proposed assessment.

The next steps are preparation of the Preliminary Engineer’s Report scheduled for City Council on August 12, 2025 , and the mailing of a notice which contains information about the formation of the proposed district and the levy proposed, as well as the time and place of the public hearing. The notice along with a ballot will be mailed to all property owners on or around August 19, 20 25. The Fin al Engineer’s Report is scheduled for public hearing on October 14, 2025. Prior to the approval of the Final Engineer’s Report, the ballots received will be counted which is a process overseen by the City Clerk and open to the public. In the absence of a majority protest of the votes as weighted by assessment amount in accordance with Assessment Law against the imposition of a new assessment, the City Council may consider approving a resolution to approve the Final Engineer’s Report, form the district, and authorize the levy and collection of the new assessments. The proceeding for the formation of a new assessment district shall be abandoned if a majority protest exists.

Historically Expenses Have Exceeded Revenues
The existing revenue from the collected assessments has been unable to fund the expected day-to-day unscheduled costs such as irrigation repairs, tree maintenance, and landscape replacements, as well as not being able to set aside funds for life-cycle costs in the district.

As a result, the account balance as of April 30, 2025, was negative $729,220. Significant cuts to service have been proposed in the budget which will slow the growth of the deficit, but without new assessment revenues the deficit will continue to grow as the cost of services increases over time. Expenses have exceeded revenues for several years, which highlights the need for additional assessment.

06/24/2025 Item No.8.
4 Revenues vs. Expenditures

FINANCIAL IMPACT
There may be a small fiscal impact to the general fund to provide for the proportion of the district that provides a general benefit, the majority of the costs associated with this district will be borne by the district and for the benefit of the district residents.

ENVIRONMENTAL REVIEW
The formation of a financing district maintaining and servicing existing landscaping and lighting improvements is not a project under the California Environmental Quality Act. No environmental review is required.

ATTACHMENT

1. Resolution No. 11403 - A Resolution Initiating Proceedings for the Formation of a Landscaping and Lighting Assessment District to be known as the Natoma Station Maintenance Assessment District No. 2025-2.

Submitted,

Kelly Gonzalez, Director
Parks & Recreation Department
A ctual A ctual A ctual A dopted P rojected
2021-22 2022-23 2023-24 2024-25 2025-26
A ssessment R evenues 174,252$ 173,482$ 169,289$ 174,000$ 170,279$ E xpenditures 246,858$ 338,710$ 253,075$ 267,701$ 233,138$ (72,606)$ (165,229)$ (83,786)$ (93,701)$ (62,859)$ A ccount B alance A pril 30, 2025 (729,220)$
Natoma S tation

06/24/2025 Item No.8.

Resolution No. 11403

RESOLUTION NO. 11403

A RESOLUTION INITIATING PROCEEDINGS FOR THE FORMATION OF A

LANDSCAPING AND LIGHTING ASSESSMENT DISTRICT TO BE KNOWN AS THE NATOMA STATION MAINTENANCE ASSESSMENT DISTRICT NO. 2025-2

WHEREAS, the City of Folsom desires to form and levy annual assessments for the Natoma Station Maintenance Assessment District No. 202 5-2 (“District”), pursuant to the Landscaping and Lighting Act of 1972 (Part 2 of Division 15 of the California Streets and Highways Code) (hereafter referred to as the “Act”) that provides for the levy and collection of assessments to pay the maintenance, operation and servicing of all improvements and facilities related thereto in the District; and,

WHEREAS, the City Council determines that the properties within the District boundaries will be specifically benefitted by the maintenance and servicing of said improvements; and

WHEREAS, once formed, the District will consolidate with the existing Landscaping and Lighting District known as the Natoma Station Landscaping and Lighting District; and

WHEREAS, Pursuant to Section 22611 of the Streets and Highways Code, all assets, liabilities, revenues, expenses and installments of the original Natoma Stati on Landscaping and Lighting District shall be transferred to, and assumed by, the Natoma Station Maintenance Assessment District No. 2025-2 for the continued maintenance and servicing of the improvements; and

WHEREAS, the City of Folsom desires to retain an engineer of record to prepare an engineer’s report for the purpose of assisting with the formation and annual levy of the District, and to prepare and file an engineer’s report with the City Clerk in accordance with the Act.

NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Folsom as follows:

1. Proposal: The City hereby proposes the formation of the District pursuant to the Landscaping and Lighting Act of 1972, and the levy and collection of assessments, for the purpose of installing, servicing, and maintaining the improvements described in Section 3 below.

2. Engineer’s Report: The City Council hereby designates and appoints NBS Government Finance Group (NBS) as its engineer of record and orders NBS to prepare and file with the City Clerk a report in accordance with Article 4 of Chapter 1 of the Act.

3. Proposed Improvements: Generally, the improvements within the District may include, but are not limited to:

(1) the maintenance, operation, and servicing of street trees and other landscaping throughout the boundary of the District including but not limited to: groundcover, turf, trees, weed and pest management; shrubs, planters, street medians in the public right of way as well as open

06/24/2025 Item No.8.

Resolution No. 11403

space, trails and green belt areas dispersed throughout th e District; and may also include sidewalk and hardscape Improvements, entry monuments and associated appurtenant facilities. Eligible District costs may include, but are not limited to, personnel, furnishing electrical energy, utilities such as water, refuse and gas, materials, contracting services, and other items necessary for the satisfactory operation of these services;

(2) the maintenance, operation, and servicing of street lighting including theme light poles, ornamental lighting and other appurtenant fa cilities in the public right of way areas throughout the boundary of the District. The Improvements are generally described as:
maintenance, operation, and servicing of public street lighting facilities, including all works or improvements used or useful f or the lighting of any public places, including ornamental standards, luminaires, poles, supports, tunnels, manholes, vaults, conduits, pipes, wires, conductors, guys, stubs, platforms, braces, transformers, insulators, contacts, switches, capacitors, mete rs, communication circuits, appliances, attachments, and appurtenances;

(3) the maintenance, operation, and servicing of Public Art within the District. Costs include, but are not limited to, personnel, supplies, contracting services, and other expenses necessary for the satisfactory maintenance of these art pieces located at village entries and mini parks.

4. District Designation: The proposed District shall be designated as Natoma Station Maintenance Assessment District No. 202 5-2, City of Folsom, Sacramento C ounty, California, and shall include that certain real property situated in the City generally shown and identified in Exhibit A attached to this Resolution.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

____________________________________
Sarah Aquino, MAYOR

ATTEST:

_________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.8.

Resolution No. 11403

ATTACHMENT A

06/24/2025 Item No.8.

Resolution No. 11403

06/24/2025 Item No.8.

Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

New Business
SUBJECT: Resolution No. 11407 – A Resolution Rescinding Resolution No. 7193, Removing Site Supervision of the Cummings Family Skate and Bike Park, and Denying Petition to Modify Safety
Requirements
FROM: Parks and Recreation Department

RECOMMENDATION / CITY COUNCIL ACTION

Staff along with the Parks & Recreation Commission recommend Folsom City Council approve Resolution No. 11407, to take the following actions:

1. To remove the supervision at the Cummings Family Skate and Bike Parks and to place signage for compliance with Health and Safety Code 115800 and FMC 9.69.

2. To deny the petition submitted to Modify Safety Equipment Requirements at Cummings Family Skatepark.

BACKGROUND / ISSUE
Members of the community expressed interest in removing the use of safety equipment at the Skate and Bike Park at Cummings Family Skatepark. A petition (attachment 2) was submitted to the City of Folsom to modify safety equipment requirements at Cummings Family Skatepark that asked the City of Folsom to rephrase language that would encourage the use of the safety equipment but not mandate its use. The language and requirements for use of safety equipment at public skateparks come from the California Health and Safety Code 115800 (attachment 3).

This request prompted the Mayor and Vice Mayor to have staff consider the existing staffing model at the skate and bike park. The request for the petition and staffing model was agendized for a future Parks and Recreation Commission meeting for May 2025.

The Cummings Family skatepark opened in November of 2003. During the initial park development, and before opening, staff conducted an extensive survey of over 30 skateparks throughout the state to determine the following: should the park be supervised or unsupervised,

06/24/2025 Item No.9.
2 fee or no fee, and hours of operation. Pursuant to Section 115800 of the California Health and Safety Code, helmets, elbow pads, and knee pads are required while utilizing the skatepark.

115800. (a) An operator of a skateboard park shall not permit a person to ride a skateboard or other wheeled recreational device in the skateboard park, unless that person is wearing a helmet, elbow pads, and knee pads.

Below you will find the original staff recommendations from September 9, 2003:

Based on staff’s assessment of over 30 similar skate park facilities and the advice of the city risk management advisor, staff recommended the Parks & Recreation Commission to operate the new skatepark at Cummings Family Park without supervision.

While it was the original recommendation of staff not to monitor the park, on September 9, 2003, the City Council decided after much discussion to monitor the park by resolution No. 7193, to ensure a family-friendly atmosphere, while providing an extra level of security and safety that meets the needs of our community.

Since 2003, over 184,000 participants have visited the Cummings Family Park for skating, biking, and scooting purposes. During this time, staff have continually monitored the park to ensure the safety of participants, enforcement of helmets and pads, while maintaining the family- friendly atmosphere that our community has come to expect. Along with the skate and bike park operations, Cummings Family Park is also home to Fido Field dog parks, a party pavilion, a basketball court, and a large grass area with a small play structure.

In 2018, the Parks & Recreation Commission unanimously recommended to the City Council to continue to monitor the skate and bike park with staff as a preventative safety measure as well as the continuation to keep the park a family-friendly park amenity. During the October 2018 City Council meeting the City Council voted to continue monitoring the Cummings Skate and Bike Parks.

At the May 6, 2025, Parks & Recreation Commission agendized an action item and presentation by staff on staffing at the skatepark and recommendation to deny the petition.

POLICY / RULE

Folsom Municipal Code, Section 9.68 Use of Park Facilities

Folsom Municipal Code, Section 9.69.010 As used in this code “Use of Skate Parks” [Ord. 1159 (2012)]

Folsom Municipal Code, Section 9.69.020 Purpose.

Folsom Municipal Code, Section 9.69.030 Definitions

Folsom Municipal Code, Section 9.69.040 Skate Park-Safety Equipment.

06/24/2025 Item No.9.
3 Folsom Municipal Code, Section 9.69.050 Skate Park Regulations.

Folsom Municipal Code, Section 9.69.060 Closing Skate Park.

Folsom Municipal Code, Section 9.69.070 Signing and Posting.

Folsom Municipal Code, Section 9.69.080 Enforcement.

Folsom Municipal Code, Section 9.69.090 Penalties

Folsom Municipal Code, Section 9.69.100 Enforcement Procedures

ANALYSIS

Currently, the Folsom Parks & Recreation Department supervises the Cummings Family Skate and Bike Park 7 days a week, 363 days per year (Closed Thanksgiving Day, Christmas Day).

During the summer, the park is open 55 hours per week, while during the school year the park is open 29 hours per week. Over the past 4 years of operating the skate and bike park, the average monthly attendance totals 589 visitors. Parks & Recreation staff who are trained in CPR & First Aid are scheduled during posted hours of operation and provide the initial response to all issues that arise at the park. Over the past 22 years staff has handled hundreds of issues ranging from upset parents and participants, reported suspected drug dealing, concealed weapons, fights, and provides the first response to all major and minor injuries within the park.

Providing staff to supervise the skate and bike park provides community benefits that help mitigate against unwanted activities, ensures the park is safe for use, creates community engagement with visitors, and provides the park site with general oversite that greatly enhances the environment for community usage. The annual part-time staff costs that are invested to supervise the skate and bike parks help to prevent more staff resources and dollars spent on damage, vandalism, graffiti, and other park issues. The presence of staff provides the skate and bike parks with a family-friendly experience for all users to enjoy.

In February 2025, the City of Folsom was presented with a petition to modify safety equipment requirements at Cummings Family Skatepark. The petition signed requested the City of Folsom to change the requirements of safety equipment that is outlined in the California Health and Safety Code 115800 that all skatepark users must wear a helmet, elbow pads, and knee pads. The City Council should note that of the 19 petitioner signatures, that only 3 petitioners indicated an address in the City of Folsom. Additionally, the total number of petitioners represents less than 4% of the total monthly average of visitors to the park over the past 4 years. The submitted petition is requesting the City of Folsom to not comply with the current California Health and Safety Code 115800. In both supervised and unsupervised skate parks, park users are required to comply with the safety equipment requirements of the California Health and Safety Code.

Should the Folsom City Council take action to remove supervision of the Cummings Family Skate and Bike Park, staff are prepared to install new signage at the skatepark and bike park and no longer schedule staff effective Tuesday, July 1, 2025, beginning at 8:00am. The park would

06/24/2025 Item No.9.
4 be available for use from dusk until 9:00 pm with the installation of Musco Lighting Control- Link System that allows staff to schedule the lights to turn on and off. Visitors may submit notifications of problems at the parks through SeeClickFix and call 911 for emergencies. Park Maintenance staff would continue with their regular scheduled duties and maintain the park to the best of their abilities with cleanliness and safety. Should a major issue arise, that would deem a park unusable then staff would close it down until repairs could be made. Parks & Recreation Department Staff identified potential concerns for consideration when staff are removed from supervising the parks. These items will need to be addressed by the users of the park and self monitoring. Some of the items that were discussed with the changes include:

 Increased response times for trash pick-up and vandalism;  Increased response times for closure of the park during unsafe conditions (wet during inclement weather);
 Risky behavior or poor conduct; and
 Mixed use of skateboard, scooters, bikes, E-bikes and other wheeled, motorized vehicles or devices not in line with the current rules of the park.

At the May 6, 2025, Parks & Recreation Commission heard a presentation by staff on the history of staffing at the skatepark, information about the Health and Safety Code and reviewed the petition. In addition, several speakers spoke in support of removing staffing from the skate and bike park. During public testimony, individuals stated the community would be responsible for taking care of the facility and ensuring responsible behavior following the Health and Safety Guidelines.

The Parks & Recreation Commission took formal action to recommend to City Council to remove supervision of the skate and bike parks and take the necessary steps to ensure the facility is in compliance with all Health and Safety Codes. The Parks & Recreation Commission asked for a report back in one year on the transition of the skate and bike park from supervised to unsupervised.

FINANCIAL IMPACT
There is no financial impact in denying the petition to modify safety requirements. The savings in the Parks & Recreation Department's proposed Fiscal Year 2025 –26 General Fund (Fund 010) operating budget from removing the site supervision of the Cummings Family Skate and Bike Park will be utilized to offset the cost of installing park lighting upgrades.

The City has spent on average $41,300 each year to cover the cost of the park attendant position.

Eliminating the supervision at the Cummings Skate and Bike Park will lower the staffing costs to the general fund by that amount. Savings from not staffing will be used to install Musco Lighting Control Links at a cost of $14,550 to the lights over the skate and bike parks to allow for scheduling of lights for nighttime use throughout the year and as seasons change.

ENVIRONMENTAL REVIEW
There is no environmental impact.

06/24/2025 Item No.9.
5 ATTACHMENTS

1. Resolution No. 11407 – A Resolution Rescinding Resolution No. 7193, Removing Site Supervision of the Cummings Family Skate and Bike Park, and Denying Petition to Modify Safety Requirements

2. Petition to Modify Safety Equipment Requirements at Cummings Family Skatepark

3. California Health and Safety Code 115800

Submitted,

Kelly Gonzalez, Parks & Recreation Director

06/24/2025 Item No.9.

Attachment 1

06/24/2025 Item No.9.

Resolution No. 11407

RESOLUTION NO. 11407

A RESOLUTION RESCINDING RESOLUTION NO. 7193, REMOVING SITE

SUPERVISION OF THE CUMMINGS FAMILY SKATE AND BIKE PARK, AND

DENYING PETITION TO MODIFY SAFETY REQUIREMENTS

WHEREAS, the Cummings Family Skate and Bike Park opened in 2003 with direction from the Folsom City Council to supervise the park to ensure a safe and family friendly facility ; and
WHEREAS, since 2003 the Folsom Parks & Recreation Department has provided supervision at the park for use of the skate and bike parks; and

WHEREAS, California Health and Safety Code 115800 requires public skatepark users to wear a helmet, elbow pads, and knee pads for use of the park; and

WHEREAS, in February 2025 the City of Folsom was given a petition requesting amended language to encourage the use of all required safety equipment; and

WHEREAS, the petition violates the California Health and Safety Code 115800; and

WHEREAS, site supervision is not required by law; and

WHEREAS, the Cummings Family Skate and Bike Park operations will follow general park amenity use from dawn until one hour past sunset; and

WHEREAS, park lighting is necessary for safety and useability of the parks; and

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom does approve the removal of supervision at the Cummings Family Skate and Bike Parks , and the denial of the petition requesting modification of the safety equipment requirements.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

___________________________________
Sarah Aquino, MAYOR
ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.9.

Attachment 2

06/24/2025 Item No.9.

06/24/2025 Item No.9.

06/24/2025 Item No.9.

Attachment 3

06/24/2025 Item No.9.

State of California

HEALTH AND SAFETY CODE
Section 115800
115800. (a)  An operator of a skateboard park shall not permit a person to ride a skateboard or other wheeled recreational de vice in the park, unless that person is wearing a helmet, elbow pads, and knee pads.
(b)  With respect to a facility, owned or operated by a local public agenc y, that is designed and maintained for the purpose of riding a recreational skateboard or other wheeled recreational de vice, and that is not supervised on a re gular basis, the requirements of subdivision (a) may be satisfied by compliance with the following:
(1)  Adoption by the local public agency of an ordinance requiring a person riding a skateboard or other wheeled recreational de vice at the f acility to wear a helmet, elbow pads, and knee pads.
(2)  The posting of signs at the f acility affording reasonable notice that a person riding a skateboard or other wheeled recreational de vice in the facility must wear a helmet, elbow pads, and knee pads, and that a person failing to do so will be subject to citation pursuant to the ordinance required by paragraph (1). (c)  “Local public agency” for purposes of this section includes, but is not limited to, a city, county, or city and county.
(d)  For purposes of this section, “other wheeled recreational de vice” means nonmotorized bicycles, scooters, inline skates, roller skates, or wheelchairs being used for recreational purposes.
(e)  (1)  Riding a skateboard or other wheeled recreational device, or any concurrent combination of these acti vities at a f acility or park o wned or operated by a public entity as a public skateboard park, as pro vided in paragraph (3), shall be deemed a hazardous recreational activity within the meaning of Section 831.7 of the Government Code if all of the following conditions are met:
(A)  The person riding the skateboard or other wheeled recreational de vice is 12 years of age or older.
(B)  The riding of the skateboard or other wheeled recreational device that caused the injury was stunt, trick, or luge riding.
(C)  The skateboard park is on public property that complies with subdi vision (a) or (b).
(2)  In addition to subdivision (c) of Section 831.7 of the Go vernment Code, this section does not limit the liability of a public entity with respect to an y other duty imposed pursuant to e xisting law, including the duty to protect ag ainst dangerous conditions of public property pursuant to Chapter 2 (commencing with Section 830) of Part 2 of Di vision 3.6 of Title 1 of the Go vernment Code. However, this section

STATE OF CALIFORNIA

AUTHENTICATED

ELECTRONIC LEGAL MATERIAL

06/24/2025 Item No.9.
does not abrog ate or limit an y other legal rights, defenses, or immunities that may otherwise be available at law.
(3)  (A)  Except as provided in subparagraph (B), for public skateboard parks that were constructed on or before January 1, 1998, this subdi vision shall apply to hazardous recreational acti vity injuries incurred on or after January 1, 1998, and before January 1, 2001. For public skateboard parks that are constructed after January 1, 1998, this subdivision shall apply to hazardous recreational activity injuries incurred on or after January 1, 1998. F or purposes of this subdi vision, a skateboard f acility that is a movable facility shall be deemed constructed on the first date it is initially made available for use at a location by the local public agency. (B)  For public skateboard parks that were constructed after January 1, 1996, and before January 1, 1998, this subdivision shall apply to hazardous recreational activity injuries incurred on or after January 1, 2012.
(4)  The appropriate local public agenc y shall maintain a record of all kno wn or reported injuries incurred by a person riding a skateboard or other wheeled recreational device in a public skateboard park or f acility. The local public agenc y shall also maintain a record of all claims, paid and not paid, including an y lawsuits and their results, arising from those incidents that were filed against the public agency. (5)  (A)  Except as provided in subparagraph (B), this subdivision shall not apply on or after January 1, 2001, to public skateboard parks that were constructed on or before January 1, 1998, b ut shall continue to apply to public skateboard parks that are constructed after January 1, 1998.
(B)  On and after January 1, 2012, this subdivision shall apply to public skateboard parks that were constructed on or after January 1, 1996. (6)  For purposes of injuries that occur while operating one of the other wheeled recreational devices defined in subdivision (d) in a skateboard facility, this subdivision shall apply to an y claim for injuries occurring on or after the ef fective date of the measure adding this paragraph.
(Amended by Stats. 2020, Ch. 236, Sec. 1. (SB 1003) Effective September 28, 2020.)

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Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Old Business
SUBJECT: Resolution No. 11412 – A Resolution Authorizing the City Manager to Execute a Contract Amendment to the Agreement with Western Truck Parts and Equipment Company, LLC
(Contract No. 046-21 23-002) for the Purchase of Two Electric Refuse Collection Vehicles to Update the Specifications and Modify the Delivery Schedule

FROM: Public Works Department

RECOMMENDATION / CITY COUNCIL ACTION

The Public Works Department recommends that the City Council pass and adopt Resolution No. 11412 – A Resolution Authorizing the City Manager to Execute a Contract Amendment to the Agreement with Western Truck Parts and Equipment Company, LLC (Contract No. 046- 21 23-002) for the Purchase of Two Electric Refuse Collection Vehicles to Update the Specifications and Modify the Delivery Schedule.

BACKGROUND / ISSUE

Resolution 10909, approved by Folsom City Council on August 23, 2022, authorized the City Manager to execute an agreement for the purchase of two electric refuse trucks. The purchase is consistent with the Folsom 2035 General Plan goal of reducing the consumption of carbon- intensive fuels and the State of California goal to transition to zero emission vehicles to improve air quality. Since the Waste and Recycling Division (Division) is responsible for about 90% of diesel fuel use by city oper ations, there is significant potential to reduce greenhouse gas emissions if electric refuse trucks are proven to be a viable alternative to diesel powered trucks. As this technology is new to the waste industry , the Public Works Department (Department) ordered two different collection trucks, one side loader for residential cans and one rear loader for bulky waste, to pilot the feasibility of this technology for different types of collection.

06/24/2025 Item No.10.
2 The total cost of the electric refuse trucks is $1,352,661.18; the side loader is $704,230.83 and the rear loader is $648,430.35. Due to the high cost of electric trucks, the Department secured additional funding to support the purchase. The funding includes $240,000 from the California Air Resources Board Hybrid and Zero -Emission Truck and Bus Voucher Incentive Project (HVIP), and two grants from the Sacramento Metropolitan Air Quality Management District (SMAQMD) totaling $302,361, which includes a requirement to surrender two operational diesel trucks. After the incentive and grants, the cost to the city is $810, 300.18. The cost of equivalent diesel trucks at the time of this order was $810,363.

The purchase agreement was executed on January 10, 2023, with a delivery date no later than September 6, 2023. The agreement also included the purchase of fourteen diesel trucks, all of which have been received. The production of the electric refuse vehicles took longer than expected, but additional delays occurred due to severe rodent damage to the wiring harnesses.

Following these repairs, the first attempt to deliver one of the electric trucks was November 7, 2024; however, it was not accepted due to coolant pump issues, a power steering fluid leak , and a few minor cosmetic issues. Several subsequent delivery attempts of both trucks failed due to mechanical or electrical concerns discovered upon arrival, or in one case a transmission failure on the way to Folsom that resulted in it being towed back to the dealer.

Upon learning about a second transmission replacement in one of the trucks, staff determined that the delays in providing operational trucks were unreasonable and notified the dealer of the city’s intent to terminate the contract. Foll owing this notice, the dealer met with city staff to propose specification upgrades to permanently correct the issues. Staff learned that the problems with our electric trucks are not isolated to our order; the manufacturer built approximately two hundred trucks with the s ame specifications and t hey are working to upgrade every one of them, whether they are already in service or still pending acceptance like ours. The upgrades include a new inverter motor and mount , transmission, drive shaft, electrical harness, hill start assist, and artificial sound for pedestrian safety . If the city agrees to accept the upgrades rather than terminate the contract, the trucks would be shipped back to the factory in Ohio where they were built before being returned for our inspection. The anticipated timeframe for this to start is September 2025 with about a six-week turnaround.

The standard two year warranty would begin upon our acceptance.

POLICY / RULE

Section 2.36.080 of the Folsom Municipal Code states, in part, that contracts f or supplies, equipment, services, and construction with an estimated value of $ 75,049 or greater shall be awarded by the City Council.

ANALYSIS

Staff has reviewed the proposal and recommend proceeding with the purchase of the electri c side loader and rea r loader refuse trucks with the manufacturer proposed upgrades. The proposed revisions to the specifications are expected to resolve the mechanical problems. In

06/24/2025 Item No.10.
3 addition, there is still a need to test this technology within the operation. The city is currently subject to California’s Advanced Clea n Fleet Regulations which require fifty percent of all medium and heavy -duty vehicles to be electric. Since the purchases are mandated , vehicles purchased with grant funding do not count toward the city’s fifty percent; however, these trucks were ordered prior to the mandate so we are able to benefit from the grants and use this purchase toward our quota. In addition, since this order, the cost of electric vehicles has increased approximately $200,000 per vehic le. Continuing with this order gives us the most current electric refuse truck technology for the 2023 price.

Recently staff was notified that due to volatility in federal funding for electric vehicles, there is some risk that SMAQMD may not be able to honor one of the grants, putting $100,000 per vehicle of grant funding at risk. Due to the other benefits of continuing this purchase, this does not change staff recommendation to proceed.

FINANCIAL IMPACT

Funding for the electric refuse trucks was included in the fiscal year 2022-23 rate study and $1,112,661.18 is currently encumbered in the Solid Waste Operating Fund (Fund 540) . The encumbrance includes the cost of the vehicles plus the grant funding since both are reimbursement grants. The HVIP voucher is provided directly to the manufacturer and is reduced from the overall amount the city will be invoiced. The city will receive $102,361.00 from the SMAQMD to offset the cost, and pending federal funding stability, may also be reimbursed another $200,000 from a separate grant from SMAQMD. If SMAQMD is not able to honor the federally funded portion of the previously approved grants, the Solid Waste Fund (Fund 540) would be used for up to $200,000 in additional costs that were not originally anticipated for this purchase.

ENVIRONMENTAL REVIEW

This action is exempt from environmental review under the California Environmental Quality Act (CEQA).

ATTACHMENT

Resolution No. 11412 – A Resolution Authorizing the City Manager to Execute a Contract Amendment to the Agreement with Western Truck Parts and Equipment Company, LLC (Contract No. 046-21 23-002) for the Purchase of Two Electric Refuse Collection Vehicles to Update the Specifications and Modify the Delivery Schedule

Submitted,

Marcus Yasutake, Interim Public Works Director

06/24/2025 Item No.10.

Resolution No. 11412

RESOLUTION NO. 11412

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

CONTRACT AMENDMENT TO THE AGREEMENT WITH WESTERN TRUCK
PARTS AND EQUIPMENT COMPANY, LLC (CONTRACT NO. 046-21 23-002) FOR

THE PURCHASE OF TWO ELECTRIC REFUSE COLLECTION VEHICLES TO

UPDATE THE SPECIFICATIONS AND MODIFY THE DELIVERY SCHEDULE

WHEREAS, the Folsom 2035 General Plan commits to reducing the consumption of carbon-intensive fuels through the purchase of more efficient vehicles; and

WHEREAS, the city is currently subject to California’s Advanced Clean Fleet Regulations which require fifty percent of all medium and heavy -duty vehicle purchases to be zero-emission by 2024, and 100% of medium and heavy-duty vehicle purchases to be zero-emission vehicles by 2027; and

WHEREAS, refuse collection vehicles consume more diesel fuel than any other City of Folsom fleet vehicles; and

WHEREAS, on August 23, 2022, the Folsom City Council approved Resolution No. 10909 authorizing the purchase of one electric side loader refuse collection vehicle and one electric rear loader refuse collection vehicle to pilot the feasibility of electric vehicle technology within the waste collection operation; and

WHEREAS, the Waste and Recycling Division has contracted with Western Truck Parks and Equipment Company, LLC (WTP) to supply electric refuse collection vehicles; and

WHEREAS, WTP is an approved dealer for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP); and

WHEREAS, WTP will use HVIP funding vouchers in the amount of $240,000 to discount the City of Folsom electric refuse truck purchase; and

WHEREAS, staff has been awarded reimbursement grant funding of $302,361 from the Sacramento Metropolitan Air Quality Management District (SMAQMD); and

WHEREAS, SMAQMD has notified staff that they may not be able to honor up to $200,000 of the previous award due to federal funding instability; and

WHEREAS, if the SMAQMD funding is not honored, the Solid Wate Fund (Fund 540) would be used for up to $200,000 to cover the shortfall; and

WHEREAS, WTP did not deliver fully operational vehicles in the timeframe specified in the contract; and

06/24/2025 Item No.10.

Resolution No. 11412

WHEREAS, WTP has acknowledged mechanical deficiencies with the original vehicle specifications; and

WHEREAS, WTP has proposed upgrades to the vehicles based on rev ised specifications to correct mechanical deficiencies; and

WHEREAS, WTP has provided a timeline to deliver vehicles meeting the updated specifications; and

WHEREAS, funds in the amount of $1,112,661 are encumbered in the Solid Waste Fund (Fund 540); and

WHEREAS, the agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby authorizes the City Manager to Execute a Contract Amendment to the Agreement with Western Truck Parts and Equipment Company, LLC (Contract No. 046 -21 23-002) for the Purchase of Two Electric Refuse Collection Vehicles to Update the Specifications and Modify the Delivery Schedule.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

___________________________________
Sarah Aquino, MAYOR

ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.10.

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Folsom City Council
Staff Report

1 MEETING DATE:

6/24/2025
AGENDA SECTION:

Old Business
SUBJECT: Resolution No. 11401– A Resolution Adopting the Fiscal Year 2025-26 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority (Continued from June 10, 2025)

FROM: City Manager's Office

RECOMMENDATION / CITY COUNCIL ACTION

Staff recommends that the City Council adopt Resolution No. 11401 – A Resolution Adopting the Fiscal Year 2025-26 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority.

BACKGROUND / ISSUE

On Tuesday, May 27, 2025, the City Council held a budget workshop at the Folsom Library.

The meeting was well attended with members of the public present. Staff presented the initial draft of the FY 2025/2026 budget in a new format. The City Council and members of the public had the opportunity to provide input and ask questions about the proposed budget.

On Tuesday, June 10, 2025, the City Council held a public hearing on the FY 2025/2026 budget. Staff presented information to the City Council that included historical revenue and expenditure trends. The proposed FY 2025-2026 General Fund budget presented that evening anticipated revenues of $114,442,459 and Transfers In of $5,546,145 for a grand total in revenues of $119,988,604. The projected expenditures totaled $121,877,171 with Transfers Out of $1,601,982 for a grand total for expenses of $123,479,153. The budget intended to use $3,490,549 of unassigned General Fund Balance to maintain current services.

06/24/2025 Item No.11.
2 To provide additional time for the City Council and the public to review the proposed budget City staff asked that the City Council continue the public hearing on the budget until Tuesday, June 24, 2025. This time has allowed staff to further review the budget as well as receive feedback from the public and City Council. The budget staff report from the June 10, 2025 City Council meeting has been included in Attachment 2.

As part of the proposed budget process staff recommended that additional budget reviews take place in September/October 2025 and February/March 2026 so that budget reductions for FY 2026/2027 could be developed. Feedback received over the last couple weeks asked if some cuts could be made sooner to try to limit the use of General Fund Reserve in FY 2025/2026. Recognizing the value of this feedback, City staff reassessed the budget to see if General Fund reductions could be made now so that the deficit could be reduced.

Proposed Budget Reductions:

Although there is much more work to do over the coming months staff is recommending that the City Council adopt a FY 2025/2026 Preliminary Budget that includes the following reductions.

1) Eliminate the Park Attendant position at Cummings Family Skate and Bike Park. This will produce on-going staff cost savings of approximately $40,000 per year. If approved, the savings anticipated for FY 2025/2026 are $25,000. Currently, the lighting system at the park is turned on and off manually. The lighting system needs to be upgraded so it can be set on a timer system that will turn the lights on and off automatically. The cost to convert to this system is about $15,000.

GF Cost Reduction: $25,000

2) Eliminate the proposed $500,000 annual contribution to the City’s Public Entity Investment Trust for Retiree Health Obligations (Trust held outside City funds). The savings to the General Fund (Fund 010) of eliminating the FY 2025-26 contribution is $426,647. The Water, Wastewater and Solid Waste Enterprise Funds contribute the remaining $73,353.

GF Cost Reduction: $426,647

Proposed General Fund Cost Reduction Total: $451,647

The proposed modified preliminary FY 2025-2026 General Fund budget looks as follows:

No changes are being made to the projected revenue figure of $114,442,459 and Transfers In of $5,546,145 for a grand total in revenues of $119,988,604. However, the projected expenditures total is now being reduced by $451,647 from $121,877,171 to $121,425,524. These changes lower the grand total for General

06/24/2025 Item No.11.
3 Fund expenses from $123,479,153 to $123,027,506. The use of the unassigned General Fund balance will be reduced by $451,647 from $3,490,549 to $3,038,902.

Additional Staff Actions Going Forward:

1) Explore bringing back the use of prison labor to maintain open space and trail areas 2) Assess City owned properties to see what properties could be sold or deeded to non- profits or community organizations that could maintain the property better than the City while still maintaining the property as a community asset. 3) Have the Housing Fund reimburse the General Fund for the sale of the former City property located on Persifer Street. Currently, Habitat for Humanity is building 10 housing units on that property. It is anticipated that this could bring $635,000 to General Fund. Staff would recommend that these one-time funds be used for one- time renewal and replacement expenditures.

POLICY / RULE

Folsom Municipal Code, Section 3.02.030, Budget
“An Annual Budget shall be prepared by the City Manager, with the assistance of the Finance Director. . . . (G) The City Council shall adopt the annual budget by Resolution by fund and program by affirmative vote of at least three members, on or before the last working day of the last month of the current fiscal year. If the City Council fails to adopt the budget by the last working day of the current fiscal year, the budget as presented by the City Manager shall be deemed adopted.”

ANALYSIS

Budget Structure and Overview:

The Operating Budget for the City of Folsom is a complex document that manages the revenues and expenditure of over 150 separate Fund Accounts. A summary of these accounts is found in Attachment 2. Many of these fund accounts have specific rules and requirements that dictate how these funds can be used.

For example, funds collected from the water bills that are paid for by residents each month can only be used to cover the costs associated with maintaining and operating the water system.

These funds cannot be used to cover public safety or any other non-water related expenses.

The four largest and most familiar Fund Accounts in the budget are 1) General Fund; 2) Solid Waste Fund, 3) Sewer Fund; and 4) Water Fund.

1) General Fund (Fund 010) – This fund accounts for all general revenues of the City not specifically levied or collected for other City funds and the related expenditures. The

06/24/2025 Item No.11.
4 General Fund accounts for all financial resources of a governmental unit which are not accounted for in other funds.
2) Solid Waste (Fund 540) – This fund accounts for the revenues and expenses of the City’s solid waste operations.
3) Sewer Fund (Fund 530) – This fund accounts for the revenues and expenses of the City’s sewer operations.
4) Water Fund (Fund 520) – This fund accounts for the revenues and expenses of the City’s water operations.

All City Funds Budget Analysis:

The City Manager’s Fiscal Year 2025-26 Proposed Preliminary Budget, as presented on June 10, totaled $266,480,640 in proposed expenditures. Recommended reductions to the General Fund discussed above and the City Council’s June 10 direction to restore funding to Natoma Station L&L District, are included in the updated totals in the chart below, for a total of $266,070,437 in proposed expenditures, and $7,508,127 in transfers. The Budget Summary by Fund in the online budget document will be updated to reflect the approved totals after City Council adoption.

Below is a breakdown by Fund category

The City Manager’s proposed Fiscal Year 2025-26 Preliminary Budget also includes 513.5 full and permanent part-time positions across all funds. This proposed budget provides for 8 new positions all funded by Enterprise Funds. The added positions are listed below along with the department.

Fund Category FY 2025-26 Proposed Amounts
General Fund 121,425,524$
Enterprise Funds 53,700,278
Special Revenue Funds 13,418,596
Debt Service Funds 16,761,774
Capital Projects Funds 10,624,850
Internal Service Funds 25,060,360
Fiduciary Funds 25,079,055
Total 266,070,437$
Department Position
Environmental and Water Resources Senior Civil Engineer Solid Waste Refuse Driver (6)
Solid Waste Senior Office Assistant

06/24/2025 Item No.11.
5 The City Manager’s Fiscal Year 2025-26 Proposed Preliminary Budget is available on the City’s web site at https://www.folsom.ca.us/government/finance/city-budget/-folder- 366#docfold_14_786_600_366.

Recommended Budget Approval Process

- May 27, 2025 – City Council held public workshop on the budget at the Folsom Library.

- June 10, 2025 – City Council held budget public hearing and continued the public hearing to the June 24, 2025, City Council meeting allowing for more public dialogue.

- June 24, 2025 – City Council holds budget public hearing, receives public input and approves the FY 2025-2026 Preliminary Budget.

- July – September 2025 – City departments review their budgets and develop cost cutting proposals and that will be reviewed at the Review of the Final Budget in September/October 2025.

- FY 2025-2026 Review of Final Budget - September/October 2025:

o At a City Council meeting in either September or October City staff will have another budget review with the City Council that will allow additional public input from the community. This budget review will allow the City to work with the actual ending fund balance numbers for FY 2024-2025. Possible FY 2026-2027 General Fund budget reductions discussions will take place.

- FY 2025-2026 Mid-Year Budget Review – February/March 2026:

o At a City Council meeting in either February or March City staff will conduct a Mid-Year Budget review with the City Council. Any adjustments needed for the current year will be approved by the City Council at that time. Staff will be seeking direction from the Council as to what cuts they would consider including in the FY 2026-2027 budget.

CONCLUSION:

The City of Folsom cannot continue to provide the General Fund services it presently provides to the community. With the recommended budget reductions there is a projected $3.0 million General Fund deficit for FY 2025-2026. To live within its means the City will need to reduce its expenditures which translates into reductions in services.

06/24/2025 Item No.11.
6 Staff proposes using General Fund Reserves to fund the FY 2025-2026 budget but aggressively pursue a strategy to reduce costs and services in preparation for the FY 2026- 2027 budget period that begins on July 1, 2026.

ATTACHMENTS

1. Resolution No. 11401 – A Resolution Adopting the Fiscal Year 2025-26 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority a. Exhibit A - Budget Summary by Fund – Projected Balance 2025-26 and Summary of General Fund Revenues and Expenditures
b. Exhibit B – Staffing Detail 2025-2026
c. Exhibit C – FY 2025-2026 Budget Request Proposal Detail Listing

2. Budget Staff Report from the June 10, 2025 City Council meeting.

Submitted,

______________________________
Bryan Whitemyer, City Manager

06/24/2025 Item No.11.

Attachment 1

06/24/2025 Item No.11.

RESOLUTION NO. 11401

A RESOLUTION ADOPTING THE FISCAL YEAR 2025-26 OPERATING AND

CAPITAL BUDGETS FOR THE CITY OF FOLSOM, THE SUCCESSOR AGENCY,

THE FOLSOM PUBLIC FINANCING AUTHORITY, AND

THE FOLSOM RANCH FINANCING AUTHORITY

WHEREAS, section 3.02.030 of the Folsom Municipal Code states “An Annual Budget shall be prepared by the City Manager, with the assistance of the Finance Director ….”; and

WHEREAS, on the 27th day of May 2025, the City Manager presented to the City Council the City Manager’s FY 2025-26 Proposed Preliminary Budget; and

WHEREAS, on the 10th day of June 2025, a Public Hearing was held and the City Council received presentations from the City Manager and City Staff regarding the FY 2024 -25 Proposed Operating Budget and Capital Improvement Plan; and

WHEREAS, the Proposed Budget includes the budget rec ommendations for each office and department of the City, including the FY 2025-26 Proposed Budget for the Successor Agency, the Folsom Public Financing Authority and the Folsom Ranch Financing Authority; and

WHEREAS, the City Manager’s FY 2025-26 Proposed Preliminary Budget is on file and available for inspection on the City website; and

WHEREAS, the City Council reviewed the City Manager’s FY 2025 -26 Proposed Preliminary Budget, and all components thereof on May 27, 2025, June 10, 2025, and June 24, 2025; and

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom that the documents attached to this resolution, identified as:

 Exhibit A - Summary by Fund: Projected Balances for Fiscal Year 2025 -26 and Summary of General Fund Revenues and Expenditures
 Exhibit B – Staffing Detail for Fiscal Year 2025-26
 Exhibit C – Budget Request Proposal Detail Listing for Fiscal Year 2025-26

are hereby approved and appropriated to the respective departments for their offices and operations in the amounts, and for the objects and purposes, as specified therein.

PASSED AND ADOPTED this 24th day of June 2025, by the following roll-call vote:

AYES: Councilmember(s):

NOES: Councilmember(s):

06/24/2025 Item No.11.

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

___________________________________
Sarah Aquino, MAYOR

ATTEST:

____________________________________
Christa Freemantle, CITY CLERK

06/24/2025 Item No.11.

Fund Name Description
Estimated Cash
Balance
07/01/2025
Projected
Revenues
Projected
Transfers In
Projected
Transfers Out
Projected
Expenditures
Projected
Ending Balance
06/30/2026
010 - General Fund 24,934,176 114,442,459 5,546,145 1,601,982 121,877,171 21,443,627 031 - SPIF Fee 252,265 0 0 0 0 252,265
032 - SPIF Parkland Fee 272,556 0 0 0 0 272,556
033 - SPIF Facilities Land 11,448 0 0 0 0 11,448
034 - SPIF Off-Site Road Set-Aside 933,338 0 0 0 0 933,338 26,403,783 114,442,459 5,546,145 1,601,982 121,877,171 22,913,234 Special Revenue Funds
201 - Community Development Block Grant 169,818 221,000 0 0 220,000 170,818 203 - TRAFFIC CONGESTION RELIEF 1,027 0 0 0 0 1,027
204 - LOS CERROS L&L AD 95,681 43,577 0 1,414 62,361 75,483 205 - BRIGGS RANCH L&L AD (204,338) 80,576 0 2,348 203,973 (330,083) 206 - TRANSPORTATION SYSTEM MGT 351,315 41,000 0 204 35,000 357,111 207 - NATOMA STATION L&L AD (703,984) 170,279 0 3,805 270,778 (808,288) 208 - FOLSOM HGHTS L&L AD 61,418 22,799 0 354 16,001 67,862 209 - BROADSTONE UNIT 3 L & L 77,786 38,755 0 313 30,746 85,482 210 - BROADSTONE L&L AD 264,725 398,482 0 4,894 572,147 86,166 212 - HANNAFORD CROSS L & L AD (47,067) 20,165 0 581 34,640 (62,123) 213 - LAKE NATOMA SHORES L & L 77,134 22,733 0 617 37,231 62,019 214 - COBBLE HILLS/REFLECT L&L (80,717) 44,011 0 939 61,304 (98,949) 215 - PRAIRIE OAKS #2 L&L 250,136 323,773 0 7,340 312,052 254,517 219 - FOLSOM COMMNTY CULT'L SER 111,867 3,500 0 0 40,000 75,367 221 - HOUSING TRUST FUND 951,872 62,000 0 553 155,000 858,319 223 - HUMBUG WILLOW CREEK 56,199 50,000 0 622 20,000 85,577 225 - GENERAL PLAN AMENDMENT 729,890 110,000 0 368 96,250 743,272 226 - TREE PLANTING & REPLACEMT 1,408,257 135,000 0 5,554 396,018 1,141,685 230 - Truck Management Plan 651,644 50,000 0 0 0 701,644 231 - SIERRA ESTATES L & L 12,649 11,853 0 326 13,524 10,652 232 - LAKERIDGE ESTATES L & L 274,549 36,643 0 1,282 58,913 250,997 233 - LA COLLINA DEL LAGO L & L (7,702) 0 0 0 0 (7,702) 234 - COBBLE RIDGE L & L 138,357 13,909 0 330 22,035 129,901 235 - ROAD MAINTENANCE & REHAB 3,140,458 2,326,600 0 0 1,725,000 3,742,058 236 - PRAIRIE OAKS RANCH L&L AD (551,377) 196,220 0 2,038 134,515 (491,710) 237 - SILVERBROOK L&L 98,919 17,292 0 246 11,098 104,867 238 - Folsom Housing Fund 23,960,396 620,000 0 26,395 615,300 23,938,701 240 - PARK DEDICATION (QUIMBY) 2,819,882 450,000 0 2,193 400,000 2,867,689 243 - GAS TAX 2106 1,759,342 404,616 0 225,000 0 1,938,958 244 - GAS TAX 2107 2,543,289 805,619 0 500,000 0 2,848,908 245 - GAS TAX 2107.5 2,288,560 878,778 0 225,000 0 2,942,338 246 - PLANNING SERVICES 196,652 412,000 0 8,181 350,000 250,471 247 - GAS TAX 2105 2,214,887 604,942 0 250,000 0 2,569,829 248 - TRANSPORTATION TAX(SB325) 469,719 89,500 0 0 40,000 519,219 249 - WILLOW CREEK EAST L&L AD (34,267) 60,059 0 638 25,451 (297) 250 - BLUE RAVINE OAKS L&L AD 162,732 39,217 0 501 27,320 174,128 251 - STEEPLECHASE L&L AD 23,241 25,268 0 704 33,688 14,117 252 - WILLOW CREEK SOUTH L&L AD 443,965 171,748 0 4,584 228,026 383,103 253 - AMERICAN RV CANYON NO L&L (171,826) 105,205 0 4,916 71,608 (143,145) 254 - HISTORICAL DISTRICT 11,056 5,000 0 163 8,000 7,893 260 - WILLOW SPRINGS L & L 7,732 14,776 0 367 16,131 6,010 262 - WILLOW SPGS CFD 11 M. DST 610,795 215,288 0 4,014 176,487 645,582 266 - CFD #12 MAINT. DIST. 1,005,212 630,824 0 13,529 727,415 895,092 267 - CFD #13 ARC MAINT. DIST. 2,666 123,278 0 2,636 113,136 10,172 City of Folsom
Budget Summary By Fund - Projected Balance
2025-26

06/24/2025 Item No.11.

Fund Name Description
Estimated Cash
Balance
07/01/2025
Projected
Revenues
Projected
Transfers In
Projected
Transfers Out
Projected
Expenditures
Projected
Ending Balance
06/30/2026
City of Folsom
Budget Summary By Fund - Projected Balance
2025-26
270 - ARC NO. L & L DIST #2 210,429 16,503 0 233 9,230 217,469 271 - THE RESIDENCES AT ARC, N 47,302 30,136 0 456 25,162 51,820 273 - SPHERE OF INFLUENCE 62,512 4,000 0 0 0 66,512
274 - OAKS AT WILLOW SPRINGS 2,855,726 1,000 0 0 0 2,856,726 275 - ARC L & L DIST #3 825,061 320,635 0 5,479 399,988 740,229 276 - NEW MEASURE A 5,033,347 3,857,552 0 0 3,235,100 5,655,799 278 - BLUE RAVINE OAKS NO.2 L&L 93,723 25,137 0 1,020 35,637 82,203 281 - FOLSOM HEIGHTS L&L 2 292,211 82,817 0 2,215 78,079 294,734 282 - Broadstone L&L 4 (851,971) 105,454 0 6,883 151,616 (905,016) 283 - CFD #16 Islands Maint. Dist. 881,287 165,481 0 2,283 101,571 942,914 284 - Willow Creek Estates East #2 62,716 86,249 0 1,245 103,084 44,636 285 - Prospect Ridge 65,691 47,948 0 463 30,102 83,074
288 - CFD #18 Maint District 5,032,995 2,435,382 0 17,930 1,345,294 6,105,153 289 - CFD #19 Maint District 1,010,634 187,317 0 1,564 97,756 1,098,631 291 - CFD #23 A1 Maint District 318,412 166,886 0 714 76,549 408,035 292 - CFD #23 IA2 Maint District 397,119 34,149 0 75 31,355 399,838 293 - CFD #23 IA3 Maint District 143,568 155,987 0 288 29,469 269,798 294 - CFD #23 IA4 Maint District 125,754 135,642 0 191 76,456 184,749 751 - POLICE SPECIAL REVENUE 683,471 25,000 0 1,110 50,000 657,361 753 - ZOO SPECIAL REVENUE 240,914 34,000 0 0 131,000 143,914 760 - WETLAND/OPEN SPACE MAINT 111,002 10,000 0 389 50,000 70,613 766 - POLICE IMPOUND 32,347 0 0 0 0 32,347
296 - CFD #23 IA6 Maint District 1,000 0 0 2 0 998
297 - CFD #23 IA7 Maint District 29,426 0 0 27 0 29,399 295 - CFD #23 IA5 Maint District (1,464) 0 0 0 0 (1,464) Total Special Revenue Funds 63,345,761 18,023,560 0 1,345,516 13,418,596 66,605,209 Debt Service
302 - CCF DEBT SERVICE 348,597 0 0 0 0 348,597
305 - 1993 G O SCHOOL FAC D S 55,578 0 0 0 0 55,578
320 - FSAD REFUNDING 275,042 5,000 0 0 0 280,042
321 - 1982-1 NIMBUS AD D S 965,627 20,000 0 0 0 985,627 325 - TRAFFIC SIGNAL COP REFI (22,132) 0 0 0 0 (22,132) 337 - RECREATION FACILITIES COP 96,995 0 0 0 0 96,995
604 - Folsom Ranch Financing Auth 41,127,346 10,689,300 0 0 10,689,300 41,127,346 605 - FOLSOM PUBLIC FINANC AUTH 28,668,400 6,072,474 0 0 6,072,474 28,668,400 Total Debt Service Funds 71,515,453 16,786,774 0 0 16,761,774 71,540,453 Capital Projects
411 - SUPPLEMENTAL PARK FEE 315,801 5,000 0 0 0 320,801 412 - PARK IMPROVEMENTS 9,531,116 1,150,000 0 10,162 501,044 10,169,910 414 - Johnny Cash Trl Art Experience 26,907 9,000 0 0 10,000 25,907 416 - CFD #10 RUSSELL RANCH 558,401 13,000 0 436 0 570,965 418 - PRAIRIE OAK 92-2 1915 AD 377 0 0 0 0 377
428 - POLICE CAPITAL 1,984,695 245,000 0 1,516 0 2,228,179 431 - REDEVELOPMENT AGY CAP PRO 2,195 500 0 0 0 2,695
438 - PARKWAY II CFD #14 2,209,769 50,000 0 1,549 0 2,258,220 441 - FIRE CAPITAL 709,072 255,000 0 361 0 963,711
443 - HWY 50 IMPRV CAPITAL 7,083,129 1,230,000 0 5,029 100,000 8,208,100 444 - HWY 50 INTERCH CAPITAL 14,285,257 2,600,000 0 10,096 350,000 16,525,161 445 - GENERAL CAPITAL 2,990,035 455,000 0 2,234 10,000 3,432,801 446 - TRANSPORTATION IMPR 14,050,176 5,153,415 0 64,470 2,031,824 17,107,297 448 - DRAINAGE CAPITAL IMPRV 1,451,639 805,940 0 10,674 1,710,000 536,905

06/24/2025 Item No.11.

Fund Name Description
Estimated Cash
Balance
07/01/2025
Projected
Revenues
Projected
Transfers In
Projected
Transfers Out
Projected
Expenditures
Projected
Ending Balance
06/30/2026
City of Folsom
Budget Summary By Fund - Projected Balance
2025-26
449 - TRANSIT CAPITAL 13,950,176 1,350,000 0 5,128 50,000 15,245,048 451 - LIGHT RAIL TRANSPORTATION 1,402,337 205,000 0 1,467 215,000 1,390,870 452 - GENERAL PARK EQUIP CAP 593,251 110,000 0 451 100,000 602,800 456 - WATER IMPACT FEE(ORD912) 2,505,433 280,000 0 306,917 155,000 2,323,516 458 - LIBRARY DEVELOPMENT FUND 78,712 0 0 61 0 78,651
459 - CORP YARD CAPITAL 3,229,325 735,000 0 2,170 50,000 3,912,155 470 - FSPA INFRASTRUCTURE 22,006 500 0 17 0 22,489
472 - FSPA CAPITAL 45,887,106 11,800,000 0 99,993 100,000 57,487,113 601 - Capital Fleet Fund 84,756 2,000 125,000 66 175,000 36,690 602 - Capital Facilities Fund 7,157,668 0 0 4,629 3,640,000 3,513,039 603 - Capital IT Fund 0 0 200,000 0 150,000 50,000
607 - Police Equipment/Capital Fund 0 0 520,982 0 520,982 0 608 - Fire Equipment/Capital Fund 0 0 756,000 0 756,000 0 Total Capital Projects Funds 130,109,339 26,454,355 1,601,982 527,426 10,624,850 147,013,400 Enterprise
520 - Water Operating 30,708,469 19,136,000 300,000 1,027,020 19,128,366 29,989,083 521 - Water Capital 3,914,738 340,000 0 5,778 300,000 3,948,960 522 - Water Meters 899,864 295,000 0 10,259 400,000 784,605 530 - Sewer Operating 20,166,173 12,246,435 0 872,169 8,124,832 23,415,607 531 - Sewer Capital 329,183 191,920 0 7,854 90,000 423,249 536 - Facility Augmentation Critical 45,802 500 0 35 0 46,267 537 - Facility Augmentation General 5,107 1,500 0 710 0 5,897 540 - Solid Waste Operating 21,456,206 29,894,633 0 2,077,300 25,307,080 23,966,459 541 - Solid Waste Capital 504,377 107,500 0 371 85,000 526,506 543 - Landfill Closure 1,034 0 60,000 0 100,000 (38,966) 544 - Solid Waste Capital FPA 848,616 445,000 0 31,707 165,000 1,096,909 Total Enterprise Funds 78,879,569 62,658,488 360,000 4,033,203 53,700,278 84,164,576 Internal Service
015 - Compensated Leaves (65,271) 727,360 0 0 760,867 (98,778) 606 - Risk Management 2,397,457 24,290,668 0 0 24,299,493 2,388,632 Total Internal Service Funds 2,332,186 25,018,028 0 0 25,060,360 2,289,854 Trust Funds
279 - RDA Obligation Retirement 6,907,342 3,966,043 0 0 3,735,475 7,137,910 280 - RDA SA Trust - Housing 155,567 4,000 0 0 0 159,567 702 - BLUE RAVINE EAST AGENCY 8,948 0 0 0 0 8,948
703 - CFD #23 IA7 Folsom Ranch 96,664 7,500 0 0 3,400 100,764 706 - LEGENDS 93-2 1915 AD AGCY 9,285 0 0 0 0 9,285
707 - NATOMA STA92-1 1915AD AGY 22,785 0 0 0 0 22,785
708 - FOLSOM AUTO PLAZA 1915 AD 65,669 0 0 0 0 65,669
709 - LK NATOMA SHOR93-1 AD AGY 1,529 0 0 0 0 1,529
710 - PRAIRIE OAKS AD92-2 REFI 73,907 0 0 0 0 73,907
711 - COBBLE HILLS RDG AD AGNCY 33,727 0 0 0 0 33,727
712 - RIDGEVIEW95-1 1915 AD AGY 14,507 0 0 0 0 14,507
713 - CRESLEIGH 95-2 AD AGENCY 24,577 0 0 0 0 24,577
715 - HANNFORD CROSS 1915 REFI 47,405 0 0 0 0 47,405
716 - CFD #23 IA2 F Ranch 5,354,429 586,700 0 0 609,659 5,331,470 718 - CFD #23 IA3 F Ranch 3,308,620 526,806 0 0 547,064 3,288,362 719 - CFD #23 IA4 F Ranch 11,509,698 7,500 0 0 576,350 10,940,848 720 - CFD 2013-01 Water Facility 986,608 20,000 0 0 1,473,000 (466,392) 721 - CFD #1 WILLOW CR SO REFI 5,141 0 0 0 0 5,141
722 - CFD #2 NATOMA STATION 120,123 0 0 0 0 120,123

06/24/2025 Item No.11.

Fund Name Description
Estimated Cash
Balance
07/01/2025
Projected
Revenues
Projected
Transfers In
Projected
Transfers Out
Projected
Expenditures
Projected
Ending Balance
06/30/2026
City of Folsom
Budget Summary By Fund - Projected Balance
2025-26
723 - CFD #3 FOLSOM HGTS REFI 434 0 0 0 0 434
724 - CFD #4 BROADSTONE REFI 57,474 0 0 0 0 57,474
725 - CFD #23 IA5 F Ranch (19,735) 0 0 0 0 (19,735)
726 - CFD #23 IA6 F Ranch (19,672) 7,500 0 0 125 (12,297) 727 - CFD #7 BROADSTONE #2 336,475 0 0 0 0 336,475
728 - CFD #8 PARKWAY 38,267 0 0 0 0 38,267
729 - CFD #9 WILLOW CREEK SO 49,890 0 0 0 0 49,890
730 - CFD #10 RUSSELL RANCH 10,689,707 4,751,708 0 0 4,786,884 10,654,531 733 - CFD #16 Islands IA2 872,706 374,805 0 0 305,019 942,492 734 - CFD #14 PARKWAY II 725,200 1,267,619 0 0 1,241,027 751,792 735 - FOL HIS DIST BUS IMP DIST 32,300 0 0 0 0 32,300
736 - CFD #16 Islands at Parkshore 735,184 272,263 0 0 178,050 829,397 737 - CFD #17 Willow Hill Pipeline 1,545,856 468,922 0 0 451,744 1,563,034 738 - CFD #18 Area Wide 9,437,765 2,290,869 0 0 4,468,194 7,260,440 739 - CFD #19 Mangini Ranch 4,215,543 2,676,565 0 0 2,627,710 4,264,398 740 - CFD #20 Russell Ranch 12,472,084 1,505,619 0 0 1,485,819 12,491,884 741 - CFD #21 WHITE ROCK SPRINGS RAN2,462,238 1,334,394 0 0 1,218,499 2,578,133 742 - CFD #22 FOLSOM HEIGHTS (22,294) 0 0 0 0 (22,294)
743 - CFD #23 IA1 F Ranch 4,590,813 1,388,645 0 0 1,371,036 4,608,422 Total Trust Funds 76,946,766 21,457,458 0 0 25,079,055 73,325,169 All Fund Total 449,532,857284,841,122 7,508,127 7,508,127 266,522,084467,851,895