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EXHIBIT “B”
CITY OF FONTANA
COMMUNITY FACILITIES DISTRICT NO. 106
(MOUNTAINVIEW)
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES
(Summary – Full text available in the Financial Services Division)
The Resolution of Annual Levy refers to thi s Exhibit for an explanation of the rate and method of apportionment of the special tax so as to allow each landowner or resident within the district to estimate the annual amount that would be required for payment.
A Special Tax as hereinafter defined shall be levied on all Assessor’s Parcels of Taxable Property in City of Fontana Community Facilities District No. 106 (Mountainview) (“CFD No. 106”) and collected each fiscal year commencing in Fiscal Year 2021-2022, in an amount determined by th e City Council of th e City of Fontana (the “Council”) through the application of the application of the Rate and Method of Apportionment as described below. All of the real property in CFD No. 106, unless exempted by law or by the provisions hereof, shall b e taxed for the purposes, to the extent and in the manner herein provided.
The rate and method of apportionment of the special tax for 2022-2023 shall be as follows.
I. SPECIAL TAXES FOR PUBLIC IMPROVEMENTS:
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Assigned Actual Tax
Special Tax Tax Rate Amount
Land Use Class (square feet) Unit FY 2022-2023 FY 2022-2023 FY 2022-2023
1 – 2,700 or Greater Unit $3,618.00 $3,618.00 $72,360 2 – 2,550 to less than 2,700 Unit 3,547.00 3,547.00 113,504 3 – 2,400 to less than 2,550 Unit 3,501.00 3,501.00 87,525 4 – 2,250 to less than 2,400 Unit 3,434.00 3,434.00 0 5 – 2,100 to less than 2,250 Unit 3,367.00 3,367.00 94,276 6 – 1,950 to less than 2,100 Unit 3,276.00 3,276.00 0 7 – 1,800 to less than 1,950 Unit 3,185.00 3,185.00 76,440 8 – 1,650 to less than 1,800 Unit 3,099.00 3,099.00 0 9 – 1,500 to less than 1,650 Unit 3,013.00 3,013.00 63,273 10 – Less than 1,500 Unit 2,984.00 2,984.00 0
11 – Non-Residential Property Unit 25,180.00 25,180.00 0
$507,378
Method of Apportionment of Special Tax A
Commencing with Fiscal year 2021-2022 and for each following Fiscal Year, the CFD Administrator shall determine the Special Tax Requirement for Facilities and shall provide for th e levy of the Facilities Special Tax each Fi scal Year as follows:
First: The Faci lities Special Tax shall be levied on each Assessor’s Parcel of Developed Property in an amount equal to 100% of the applicable Assigned Facilities Special Tax;
Second: If additional monies are needed to satisfy the Special Tax Requirement for Facilitie s after the first s tep has been com pleted, the Facilities Special Tax shall be levied Proportionately on each Assessor’s Parcel of Undev eloped Property at up to 100% of the Maximum Facilities Special Tax for Undeveloped Property;
Third: If additional monies are needed to satisfy the Special Tax Requirement for Facilities after the first two steps have been completed, then the levy of the Facilities Special Tax on each Asse ssor’s Parcel of Deve loped Property whose Maximum Special Tax is determined through the application of the Backup Facilities Special Tax shall be increased in equal percentages from the Assigned Facilities Special Tax up to the Maximum Facilities Special T ax for each such Assessor’s Parcel;
Fourth: If additional monies are needed to sat isfy the Special Ta x Requirement for Facilities after the first three st eps have been completed, then the Facilities B-3
Special Tax shall be levied Proportionately on each Assessor’s Parcel of Taxable Public Property at up to 100% the Maximum Facilities Special Tax A for Taxabl e Public Property, as needed to satisfy the Special Tax Requirement for Facilities;
Notwithstanding the above the C FD Administrator shall, in any Fiscal Year, calculate a levy Proportionately less than 100% of the Assigned Facilities Special Tax in step o ne (above), when (i) the CFD Administrator is no long er required to provide for the levy of the Facilities Special Ta x pursuant to steps two through four above in order to meet the Special Tax Requirement for Facilities; and (ii) all authorized CFD No. 106 Bonds have alrea dy been issued or the Council has covenanted that it shall not issue any additional CFD No. 106 Bonds (except refunding bonds) to be supported by the Facilities Special Tax.
Further notwithstanding the above, under no ci rcumstances shall t he Facilities Special Tax levied against any Assessor ’s Parcel of Residential Property for which a Certificate of Occ upancy has been issued for private r esidential use be increased as a consequence of delinquency or default by the owner of any other Assessor’s Parcel with in CFD No. 106 by more than ten percen t above the amount that would have been levied in that Fiscal Year had there never been any such del inquencies or default s. To the extent that th e levy of the Facilities Special Tax on Residential Proper ty is limited by the provision in the previous sentence, the levy of the Facilities Special Tax on each Assessor’s P arcel of Non -Residential Property sh all con tinue in equal percentages up to 100% of the applicable Maximum Facilities Special Tax.
II. SERVICES SPECIAL TAXE S FOR MAINTENANCE OF PARK,
PARKWAYS, AND OPEN SPACE
Maximum Annual Actual
Tax Rate Tax Rate Tax Amount
Land Use Class Unit FY 2022-2023 FY 2022-2023 FY 2022-2023
1 – Detached Residential Subdivision
2 – Non-Residential Property
Unit
Unit
$601.80
4,508.40
$590.00
4,420.00
$92,040
0 $92,040
Commencing July 1, 2022, and each July 1 thereafter, the Maximum Special Tax rates for Special Tax B for Residen tial Property, and Non-Residential Property shall be increased by two percent (2%).
Method of Apportionment of Special Tax B
Commencing with Fiscal Year 2021-2022 and for each following Fiscal Year, the CFD Administrator shall determine the Special Tax Requirement for Services and shall p rovide for the levy of the Services Special T ax until the t otal Se rvices B-4
Special Tax levy equals the Special Tax Requirement for Services. The S ervices Special Tax shall be levied each Fiscal Year as follows:
First: The Services Special Tax shall be levi ed Proportionately each Fiscal Year on each A ssessor’s Parc el of D eveloped Prope rty at up to 100% of th e applicable Assigned Services Special Tax as needed to satisfy the Special Tax Requirement for Services;
Second: If additional monies are needed to s atisfy the Special Tax Requirement for Services after the first step has been completed, then the levy of the Services Special Tax on each Assessor’s Parcel of Developed Property shall be increased in equal percentages fr om the Assigned Services Special Ta x up to the Maximum Services Special Tax for each such Assessor’s parcel.