Agenda — Hemet City Council, June 13, 2023 (part 5 of 8)

13.B

Page 588 of 1197 ends

Public Trust Advisors
20 04/01/2023 to 04/30/2023
City of Hemet 1-5
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
United States Department of
The Treasury
91282CGH8
US GOV

4.03%

3.64%

3.57% 4.31 AA+
Aaa
01/31/28
01/31/28 1,350,000.00 11,747.24 1,341,886.92
1,353,634.16
1,345,992.19
1,357,739.43
United States Department of
The Treasury 63.35%

2.73%

4.02% 2.65 AA+
Aaa 22,075,000.00 $99,312.34 $21,711,571.67
$21,810,884.01
$21,265,529.88
$21,364,842.22
Portfolio T otal
100.00%

2.59%

4.16% 2.50 AA
Aa1
12/21/25
12/21/25 35,135,905.89 $144,150.54 $34,636,471.45
$34,780,621.98
$33,582,397.87
$33,726,548.41

Page 305 of 336 ends

13.B

Page 589 of 1197 ends

Public Trust Advisors
21 04/01/2023 to 04/30/2023
City of Hemet 1-5
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Cash
CCYUSD
CASH
04/30/23
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
($4,062.50)
$0.00
$0.00
$0.00
$0.00
$0.00
Receivable
CCYUSD
CASH
04/30/23

0.00 0.00

0.00 44,462.93
44,462.93
44,462.93

BNY MELLON CASH RESERVE
USD
MMF2DDA1
MMFUND
04/30/23
1,038,381.89
1,038,381.89
1,038,381.89
2,144.22

0.00 (978,620.22)

0.00 0.00

0.00 1,655.75

0.00 0.00

0.00 61,905.89
61,905.89
61,905.89
Merrick Bank Corporation
59013KHV1
CD
05/29/25
249,000.00
227,876.08
227,876.08

0.00 0.00

0.00 (20,656.50)
249,000.00
228,343.50
249,000.00
BMW Bank of North America
05580AXF6
CD
09/25/25
250,000.00
224,325.00
224,325.00

0.00 0.00

0.00 (25,205.69)
250,000.00
224,794.31
250,000.00

TOYOTA MOTOR CREDIT
CORP
89236TGT6
CORP
02/13/25
862,353.00
855,642.28
855,642.28

0.00 0.00

0.00 (14,031.81)
862,353.00
859,176.96
873,208.77

PACCAR FINANCIAL CORP
69371RR99
CORP
08/11/25
1,199,148.00
1,171,504.63
1,171,504.63

0.00 0.00

0.00 (25,184.86)
1,199,148.00
1,174,167.59
1,199,352.45

CATERPILLAR FINANCIAL

SERVICES CORP
14913R2H9
CORP
11/13/25
1,004,240.00
911,617.43
911,617.43

0.00 0.00

0.00 (88,920.65)
1,004,240.00
913,316.39
1,002,237.04

APPLE INC
037833DN7
CORP
09/11/26
667,786.00
654,026.23
654,026.23

0.00 0.00

0.00 (17,500.52)
667,786.00
655,946.16
673,446.68

FEDERAL FARM CREDIT

BANKS FUNDING CORP
3133ENG20
GSE
08/15/24
1,200,504.00
1,182,245.20
1,182,245.20

0.00 0.00

0.00 (20,228.48)
1,200,504.00
1,180,096.94
1,200,325.43

FEDERAL HOME LOAN BANKS
3130A2UW4
GSE
09/13/24
1,190,364.00
1,176,460.24
1,176,460.24

0.00 0.00

0.00 (21,324.21)
1,190,364.00
1,172,348.62
1,193,672.82

FEDERAL HOME LOAN BANKS
3130AQF40
GSE
12/20/24
379,496.00
378,054.65
378,054.65

0.00 0.00

0.00 (6,882.15)
379,496.00
378,736.24
385,618.39

FEDERAL NATIONAL

MORTGAGE ASSOCIATION
3135G03U5
GSE
04/22/25
1,212,679.00
1,208,036.27
1,208,036.27

0.00 0.00

0.00 0.00
4,062.50

0.00 0.00
(23,955.85)
1,212,679.00
1,211,973.26
1,235,929.10

Page 306 of 336 ends

13.B

Page 590 of 1197 ends

Public Trust Advisors
22 04/01/2023 to 04/30/2023
City of Hemet 1-5
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

FEDERAL HOME LOAN

MORTGAGE CORP
3134GWWT9
GSE
09/30/25
1,000,000.00
916,523.04
916,523.04

0.00 0.00

0.00 (84,304.75)
1,000,000.00
915,695.25
1,000,000.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP
3133EMSK9
GSE
03/02/26
1,000,000.00
909,898.88
909,898.88

0.00 0.00

0.00 (90,598.69)
1,000,000.00
909,401.31
1,000,000.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP
3133EMSU7
GSE
03/09/26
1,000,000.00
908,410.37
908,410.37

0.00 0.00

0.00 (92,066.52)
1,000,000.00
907,933.48
1,000,000.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP
3133ENG87
GSE
08/17/27
594,384.00
575,947.49
575,947.49

0.00 0.00

0.00 (16,177.03)
594,384.00
578,992.10
595,169.13

MARYLAND ST CMNTY DEV

ADMIN DEPT HSG & CMNTY
DEV
57419RD28
MUNI
09/01/26
1,019,370.00
941,890.00
941,890.00

0.00 0.00

0.00 (60,994.08)
1,019,370.00
944,040.00
1,005,034.08

UNITED STATES TREASURY
912828S92
US GOV
07/31/23
1,178,156.25
1,166,263.62
1,166,263.62

0.00 0.00
(1,167,831.25)
(3,137.43)

0.00 0.00

0.00 0.00
(11,801.41)

0.00 0.00

UNITED STATES TREASURY
912828T26
US GOV
09/30/23
1,178,709.37
1,160,871.02
1,160,871.02

0.00 0.00
(1,162,300.00)
(797.95)

0.00 0.00

0.00 0.00
(17,334.73)

0.00 0.00

UNITED STATES TREASURY
912828T91
US GOV
10/31/23
1,182,719.53
1,159,165.92
1,159,165.92

0.00 0.00
(1,160,502.34)
(8,951.86)

0.00 0.00

0.00 0.00
(20,365.78)

0.00 0.00

UNITED STATES TREASURY
91282CDR9
US GOV
12/31/23
1,163,452.34
1,145,337.50
1,145,337.50

0.00 0.00
(1,146,858.59)
(2,640.33)

0.00 0.00

0.00 0.00
(26,841.04)

0.00 0.00

UNITED STATES TREASURY
91282CDV0
US GOV
01/31/24
1,165,342.19
1,142,709.64
1,142,709.64

0.00 0.00
(533,371.09)
(1,023.65)

0.00 0.00

0.00 0.00
(13,841.91)
(15,581.01)
622,174.22
611,370.70
626,951.71

UNITED STATES TREASURY
912828X70
US GOV
04/30/24
1,225,441.40
1,181,445.34
1,181,445.34

0.00 0.00

0.00 (38,485.10)
1,225,441.40
1,181,302.73
1,219,787.83

UNITED STATES TREASURY
9128286Z8
US GOV
06/30/24
1,218,654.49
1,175,654.66
1,175,654.66

0.00 0.00

0.00 (41,731.23)
1,218,654.49
1,175,085.35
1,216,816.59

UNITED STATES TREASURY
912828Y87
US GOV
07/31/24
1,218,559.57
1,173,044.84
1,173,044.84

0.00 0.00

0.00 (43,644.98)
1,218,559.57
1,173,186.92
1,216,831.90

Page 307 of 336 ends

13.B

Page 591 of 1197 ends

Public Trust Advisors
23 04/01/2023 to 04/30/2023
City of Hemet 1-5
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES TREASURY
912828YM6
US GOV
10/31/24
1,209,494.53
1,163,504.66
1,163,504.66

0.00 0.00

0.00 (47,983.78)
1,209,494.53
1,163,932.03
1,211,915.81

UNITED STATES TREASURY
9128283J7
US GOV
11/30/24
1,229,380.67
1,173,662.06
1,173,662.06

0.00 0.00

0.00 (49,012.91)
1,229,380.67
1,174,231.05
1,223,243.97

UNITED STATES TREASURY
912828YV6
US GOV
11/30/24
1,208,782.62
1,161,559.44
1,161,559.44

0.00 0.00

0.00 (48,832.65)
1,208,782.62
1,162,603.12
1,211,435.78

UNITED STATES TREASURY
91282CGU9
US GOV
03/31/25

0.00 0.00

0.00 507,689.06
(971.93)

0.00 0.00

0.00 (141.74)
507,689.06
507,589.45
507,731.20

UNITED STATES TREASURY
912828Y79
US GOV
07/31/25
461,529.30
463,495.98
463,495.98

0.00 0.00

0.00 (712.12)
461,529.30
463,681.64
464,393.76

UNITED STATES TREASURY
91282CFE6
US GOV
08/15/25

0.00 0.00

0.00 1,372,601.56
(7,493.09)

0.00 0.00

0.00 674.72
1,372,601.56
1,373,695.32
1,373,020.60

UNITED STATES TREASURY
9128286A3
US GOV
01/31/26
719,941.41
724,892.25
724,892.25

0.00 0.00

0.00 923.38
719,941.41
726,298.83
725,375.45

UNITED STATES TREASURY
9128286F2
US GOV
02/28/26

0.00 0.00

0.00 529,568.36
(1,830.84)

0.00 0.00

0.00 756.08
529,568.36
530,578.12
529,822.05

UNITED STATES TREASURY
912828Y95
US GOV
07/31/26
1,256,568.75
1,179,748.94
1,179,748.94

0.00 0.00

0.00 (72,430.95)
1,256,568.75
1,183,719.92
1,256,150.87

UNITED STATES TREASURY
912828YG9
US GOV
09/30/26
1,243,234.38
1,167,394.72
1,167,394.72

0.00 0.00

0.00 (74,398.37)
1,243,234.38
1,171,856.25
1,246,254.62

UNITED STATES TREASURY
91282CEF4
US GOV
03/31/27
1,751,357.42
1,765,305.15
1,765,305.15

0.00 0.00

0.00 7,917.99
1,751,357.42
1,772,531.25
1,764,613.26

UNITED STATES TREASURY
91282CEN7
US GOV
04/30/27
1,653,473.63
1,612,777.10
1,612,777.10

0.00 0.00

0.00 (37,650.04)
1,653,473.63
1,618,992.19
1,656,642.23

UNITED STATES TREASURY
9128282R0
US GOV
08/15/27
536,367.19
541,937.50
541,937.50

0.00 0.00

0.00 3,022.39
536,367.19
544,183.59
541,161.20

Page 308 of 336 ends

13.B

Page 592 of 1197 ends

Public Trust Advisors
24 04/01/2023 to 04/30/2023
City of Hemet 1-5
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES TREASURY
91282CGC9
US GOV
12/31/27

0.00 0.00

0.00 1,362,814.45
(15,607.04)

0.00 0.00

0.00 4,262.98
1,362,814.45
1,366,980.46
1,362,717.48

UNITED STATES TREASURY
91282CBJ9
US GOV
01/31/28

0.00 0.00

0.00 1,013,731.25
(1,850.55)

0.00 0.00

0.00 2,900.31
1,013,731.25
1,017,718.75
1,014,818.44

UNITED STATES TREASURY
91282CGH8
US GOV
01/31/28

0.00 0.00

0.00 1,341,826.17
(10,050.41)

0.00 0.00

0.00 4,105.26
1,341,826.17
1,345,992.19
1,341,886.92
Portfolio T otal
$34,668,870.94
$33,539,610.00
$34,734,175.14
$6,130,375.07
($37,803.86)
($6,149,483.49)
($16,551.22)
$0.00
$0.00
$5,718.25
($4,062.50)
($90,184.87)
($1,054,073.58)
$34,618,883.25
$33,626,860.80
$34,680,934.38

Page 309 of 336 ends

13.B

Page 593 of 1197 ends

Public Trust Advisors
25 04/01/2023 to 04/30/2023
City of Hemet 1-5
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.

Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of any client accounts managed by Public Trust. The custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributable to differences in calculation methodologies and pricing sources used. Please contact your relationship manager or call us at (855) 395-3954 with questions regarding your account.

Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.

Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Public Trust defines an unmanaged account as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. These accounts do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts. The primary purpose for this service is to include unmanaged accounts owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.

Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.

Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal.

No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.

The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, as amended.

Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, please contact us.

Disclaimers
Disclaimers

Page 310 of 336 ends

13.B

Page 594 of 1197 ends

Contact
Regional Office
550 S. Hope Street, Suite 560
Los Angeles, CA 90071
Headquarters
717 17th Street, Suite 1850
Denver, CO 80202

Page 311 of 336 ends

13.B

Page 595 of 1197 ends

Current Period Year-to-Date
Go Paperless.

Securely access your accounts online to view your statements. Ask your BNY Mellon contact how we can help you access your account balances and activity in real time, receive your reports, enter your own transactions or submit an audit confirmation online. Also be sure to ask how NEXEN(SM) Gateway, our new cloud-based ecosystem, can help you.

Visit us at www.bnymellon.com
CLIENT SERVICE MANAGER:

Percent of all
Investments Asset Classification Market Value 100% TOTAL OF ALL INVESTMENTS 54,098,494 .90
Estimated Market
Asset Classification Market Value Cost Accrued Income Annual Income Yield ACCOUNT TOTALS 54,098,494 .90 54,732,573 .15 385,722 .72 1,572,979 .25 2.91 % Realized
Transaction Category Income Principal Gains/Losses Income Principal OPENING BALANCE 261,278.76 - 261,278.76 261,278.76 - 261,278.76 Account Statement
Account Overview
Summary of Assets Held by Asset Classification
Summary of Cash Transactions by Transaction Category
Statement Period 04/01/2023 Through 04/30/2023
Account 510099 Base Currency = USD

CITY OF HEMET
JACKSONVILLE, FL 32256
97% FIXED INCOME 52,358,474 .71
3% CASH AND SHORT TERM 1,740,020.19
FIXED INCOME 52,358,474 .71 52,942,057 .08 382,299 .26 1,530,643 .75 2.92 % CASH AND SHORT TERM 1,740,020 .19 1,790,516 .07 3,423.46 42,335.50 2.43 % INTEREST 49,366.20 0.00 0.00 391,178.16 0.00 SALES AND REDEMPTIONS 66,814.11 15,593,324 .18 228,393.09 - 66,814.11 16,590,324 .18 OTHER CASH DISBURSEMENTS 49,366.20 - 0.00 0.00 391,178.16 - 0.00

Page 1 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,181

Page 312 of 336 ends

13.B

Page 596 of 1197 ends

Current Period Year-to-Date
Realized
Transaction Category Income Principal Gains/Losses Income Principal CLOSING BALANCE 320,445.12 - 320,445.12 228,393.09 - 320,445.12 - 320,445.12 Statement Period 04/01/2023 Through 04/30/2023
Summary of Cash Transactions by Transaction Category - Continued PURCHASES 125,980.47 - 15,534,157 .82 - 0.00 125,980.47 - 16,531,157 .82 - The above cash transactions summary is provided for information purposes only and may not reflect actual taxable income or deductible expenses as reportable under the Internal Revenue Code.

Account 510099 Base Currency = USD

CITY OF HEMET

Page 2 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,182

Page 313 of 336 ends

13.B

Page 597 of 1197 ends

CITY OF HEMET
1,000,000.000 APPLE INC 99.96300 999,630.00 990,600.00 99.06000 11,733.33 24,000.00 2.40% CUSIP: 037833AK6
MATURITY DATE: 05/03/2023
RATE: 2.400%
MOODY'S Aaa
S&P AA+
1,000,000.000 MICROSOFT CORP 99.29500 992,950.00 970,750.00 97.07500 4,500.00 20,000.00 2.01% CUSIP: 594918BQ6
MATURITY DATE: 08/08/2023
RATE: 2.000%
MOODY'S Aaa

S&P AAA
1,000,000.000 JPMORGAN CHASE & CO 99.07200 990,720.00 1,034,730.00 103.47300 9,472.22 38,750.00 3.91% CUSIP: 46625HJT8
MATURITY DATE: 02/01/2024
RATE: 3.875%
MOODY'S A1
S&P A-
1,100,000.000 CATERPILLAR FINANCIAL SERVICES CORP 97.88000 1,076,680.00 1,088,054.00 98.91400 14,107.50 31,350.00 2.91% CUSIP: 14913Q2V0
MATURITY DATE: 05/17/2024
RATE: 2.850%
MOODY'S A2
S&P A
2,010,000.000 UNITED STATES TREASURY NOTE/BOND 97.04700 1,950,644.70 2,027,666.02 100.87891 16,565.93 40,200.00 2.06% CUSIP: 912828XT2
MATURITY DATE: 05/31/2024
RATE: 2.000%
MOODY'S Aaa
500,000.000 FEDERAL HOME LOAN BANKS 97.75700 488,785.00 495,280.00 99.05600 4,621.53 13,750.00 2.81% CUSIP: 3130ASDS5
MATURITY DATE: 06/28/2024
RATE: 2.750%
MOODY'S Aaa
S&P AA+
2,010,000.000 UNITED STATES TREASURY NOTE/BOND 96.71500 1,943,971.50 2,016,045.71 100.30078 11,563.05 35,175.00 1.81% CUSIP: 9128286Z8
MATURITY DATE: 06/30/2024
RATE: 1.750%
MOODY'S Aaa
1,550,000.000 UNITED STATES TREASURY NOTE/BOND 98.09800 1,520,519.00 1,523,419.92 98.28516 15,285.91 46,500.00 3.06% CUSIP: 91282CEX5
MATURITY DATE: 06/30/2024
RATE: 3.000%
MOODY'S Aaa
2,010,000.000 UNITED STATES TREASURY NOTE/BOND 96.55900 1,940,835.90 2,015,888.67 100.29297 8,550.83 35,175.00 1.81% CUSIP: 912828Y87
MATURITY DATE: 07/31/2024
RATE: 1.750%

FIXED INCOME

Page 3 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,183

Page 314 of 336 ends

13.B

Page 598 of 1197 ends

CITY OF HEMET
MOODY'S Aaa
1,900,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 98.34100 1,868,479.00 1,900,798.00 100.04200 12,888.33 62,700.00 3.36% CUSIP: 3133ENG20
MATURITY DATE: 08/15/2024
RATE: 3.300%
MOODY'S Aaa
S&P AA+
505,000.000 WALT DISNEY CO/THE 96.14700 485,542.35 501,970.00 99.40000 1,497.47 8,837.50 1.82% CUSIP: 254687FK7
MATURITY DATE: 08/30/2024
RATE: 1.750%
MOODY'S A2
S&P BBB+
1,900,000.000 FEDERAL HOME LOAN BANKS 97.69600 1,856,224.00 1,884,743.00 99.19700 6,979.86 54,625.00 2.94% CUSIP: 3130A2UW4
MATURITY DATE: 09/13/2024
RATE: 2.875%
MOODY'S Aaa
S&P AA+
1,890,000.000 UNITED STATES TREASURY NOTE/BOND 95.79700 1,810,563.30 1,881,435.94 99.54688 14,096.69 28,350.00 1.57% CUSIP: 912828YM6
MATURITY DATE: 10/31/2024
RATE: 1.500%
MOODY'S Aaa
1,890,000.000 UNITED STATES TREASURY NOTE/BOND 96.64500 1,826,590.50 1,912,369.92 101.18359 16,550.48 40,162.50 2.20% CUSIP: 9128283J7
MATURITY DATE: 11/30/2024
RATE: 2.125%
MOODY'S Aaa
1,890,000.000 UNITED STATES TREASURY NOTE/BOND 95.68800 1,808,503.20 1,880,328.51 99.48828 11,682.69 28,350.00 1.57% CUSIP: 912828YV6
MATURITY DATE: 11/30/2024
RATE: 1.500%
MOODY'S Aaa
2,000,000.000 FEDERAL HOME LOAN BANKS 94.68400 1,893,680.00 1,897,480.00 94.87400 7,166.67 20,000.00 1.06% CUSIP: 3130AQF40
MATURITY DATE: 12/20/2024
RATE: 1.000%
MOODY'S Aaa
S&P AA+
1,240,000.000 UNITED STATES TREASURY NOTE/BOND 99.78900 1,237,383.60 1,237,384.38 99.78906 12,434.25 51,150.00 4.13% CUSIP: 91282CGG0
MATURITY DATE: 01/31/2025
RATE: 4.125%
MOODY'S Aaa
600,000.000 TOYOTA MOTOR CREDIT CORP 95.46400 572,784.00 574,902.00 95.81700 2,280.00 10,800.00 1.89% CUSIP: 89236TGT6
MATURITY DATE: 02/13/2025
RATE: 1.800%
MOODY'S A1

Page 4 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,184

Page 315 of 336 ends

13.B

Page 599 of 1197 ends

CITY OF HEMET
S&P A+
2,300,000.000 UNITED STATES TREASURY NOTE/BOND 97.50000 2,242,500.00 2,236,210.94 97.22656 10,312.50 63,250.00 2.82% CUSIP: 9128283Z1
MATURITY DATE: 02/28/2025
RATE: 2.750%
MOODY'S Aaa
2,300,000.000 UNITED STATES TREASURY NOTE/BOND 97.36328 2,239,355.46 2,225,609.38 96.76563 2,309.43 60,375.00 2.70% CUSIP: 91282CEH0
MATURITY DATE: 04/15/2025
RATE: 2.625%
MOODY'S Aaa
2,000,000.000 FEDERAL NATIONAL MORTGAGE ASSOCIATION 93.22900 1,864,580.00 1,865,660.00 93.28300 243.06 12,500.00 0.67% CUSIP: 3135G03U5
MATURITY DATE: 04/22/2025
RATE: 0.625%
MOODY'S Aaa
S&P AA+
1,850,000.000 UNITED STATES TREASURY NOTE/BOND 97.63300 1,806,210.50 1,830,705.08 98.95703 19,726.13 53,187.50 2.94% CUSIP: 91282CEU1
MATURITY DATE: 06/15/2025
RATE: 2.875%
MOODY'S Aaa
2,835,000.000 UNITED STATES TREASURY NOTE/BOND 97.61700 2,767,441.95 2,754,601.17 97.16406 19,813.67 81,506.25 2.95% CUSIP: 912828Y79
MATURITY DATE: 07/31/2025
RATE: 2.875%
MOODY'S Aaa
1,900,000.000 PACCAR FINANCIAL CORP 97.84700 1,859,093.00 1,898,651.00 99.92900 14,614.17 67,450.00 3.63% CUSIP: 69371RR99
MATURITY DATE: 08/11/2025
RATE: 3.550%
MOODY'S A1
S&P A+
2,850,000.000 UNITED STATES TREASURY NOTE/BOND 100.72700 2,870,719.50 2,868,591.80 100.65234 4,633.20 121,125.00 4.22% CUSIP: 91282CFP1
MATURITY DATE: 10/15/2025
RATE: 4.250%
MOODY'S Aaa
2,850,000.000 UNITED STATES TREASURY NOTE/BOND 101.41400 2,890,299.00 2,888,074.22 101.33594 58,456.49 128,250.00 4.44% CUSIP: 91282CFW6
MATURITY DATE: 11/15/2025
RATE: 4.500%
2,825,000.000 UNITED STATES TREASURY NOTE/BOND 100.05500 2,826,553.75 2,822,461.91 99.91016 31,449.59 109,468.75 3.87% CUSIP: 91282CGE5
MATURITY DATE: 01/15/2026
RATE: 3.875%
MOODY'S Aaa
2,825,000.000 UNITED STATES TREASURY NOTE/BOND 100.46100 2,838,023.25 2,833,166.02 100.28906 22,787.29 113,000.00 3.98% CUSIP: 91282CGL9
MATURITY DATE: 02/15/2026

Page 5 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,185

Page 316 of 336 ends

13.B

Page 600 of 1197 ends

CITY OF HEMET
RATE: 4.000%
2,825,000.000 UNITED STATES TREASURY NOTE/BOND 102.27300 2,889,212.25 2,884,479.49 102.10547 15,976.99 130,656.25 4.52% CUSIP: 91282CGR6
MATURITY DATE: 03/15/2026
RATE: 4.625%
MOODY'S Aaa
247,000.000 BANK HAPOALIM B M NEW YORK 06MAR24 98.04998 242,183.45 247,000.00 100.00000 1,114.55 7,533.50 3.11% CUSIP: 06251AW30
MATURITY DATE: 03/06/2024
RATE: 3.050%
249,000.000 BANK NEW ENG SALEM N H 20NOV23 98.18370 244,477.41 249,000.00 100.00000 146.67 5,353.50 2.19% CUSIP: 06426KBH0
MATURITY DATE: 11/20/2023
RATE: 2.150%
66,516.070 BNY MELLON CASH RESERVE 1.00000 66,516.07 66,516.07 1.00000 0.00 0.00 0.00% CUSIP: X9USDBMCR
247,000.000 JEFFERSON FINL FCU METAIRIE 19OCT23 99.04625 244,644.23 247,000.00 100.00000 226.70 8,274.50 3.38% CUSIP: 474067AQ8
MATURITY DATE: 10/19/2023
RATE: 3.350%
247,000.000 LIVE OAK BKG CO WILMINGTON 14FEB25 95.17935 235,092.99 247,000.00 100.00000 350.54 4,569.50 1.94% CUSIP: 538036HW7
MATURITY DATE: 02/14/2025
RATE: 1.850%
240,000.000 MORGAN STANLEY PRIVATE BK N 18APR24 97.51247 234,029.92 240,000.00 100.00000 198.90 6,600.00 2.82% CUSIP: 61760AZA0
MATURITY DATE: 04/18/2024
RATE: 2.750%
245,000.000 STATE BK INDIA NEW YORK N Y 22JAN25 95.48797 233,945.53 245,000.00 100.00000 1,302.19 4,900.00 2.09% CUSIP: 856285SK8
MATURITY DATE: 01/22/2025
RATE: 2.000%
249,000.000 WASHINGTON FED BK SEATTLE 23AUG24 96.03638 239,130.59 249,000.00 100.00000 83.91 5,104.50 2.13% CUSIP: 938828BJ8
MATURITY DATE: 08/23/2024
RATE: 2.050%
Total Market Value Plus Total Accrued Income 54,484,217.62 Total FIXED INCOME 52,358,474.71 52,942,057.08 382,299.26 1,530,643.75 2.92%

CASH AND SHORT TERM
Total CASH AND SHORT TERM 1,740,020.19 1,790,516.07 3,423.46 42,335.50 2.43% ACCOUNT TOTALS 54,098,494.90 54,732,573.15 385,722.72 1,572,979.25 2.91%

Page 6 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,186

Page 317 of 336 ends

13.B

Page 601 of 1197 ends

CITY OF HEMET
04/03/23 Interest 388.09 0.00 0.00 0.00 LIVE OAK BKG CO WILMINGTON 14FEB25
RATE: 1.850% MATURITY: 02/14/25
TRADE DATE 04/01/23 SET/DATE 04/01/23
CUSIP 538036HW7
247,000.000 SHARES
04/03/23 Interest 4,235.53 0.00 0.00 0.00

BNY MELLON CASH RESERVE
TRADE DATE 04/03/23 SET/DATE 04/03/23
CUSIP X9USDBMCR
04/07/23 Cash Debit 4,623.62- 0.00 0.00 0.00 BNF: CITY OF HEMET NOTPROVIDED
DETAIL: WEEKLY INTEREST WIRE ATTN:

ACCOUNTI
DETAIL: NG MANAGER
A/C WITH: WELLS FARGO BANK, N.A.
94104,CA,US
04/17/23 Interest 30,187.50 0.00 0.00 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 2.625% MATURITY: 04/15/25
TRADE DATE 04/15/23 SET/DATE 04/15/23
CUSIP 91282CEH0
2,300,000.000 SHARES
04/18/23 Purchase 992.83- 2,868,591.80- 2,868,591.80 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 4.250% MATURITY: 10/15/25
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CFP1
2,850,000.000 SHARES
04/18/23 Purchase 54,559.39- 2,888,074.22- 2,888,074.22 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 4.500% MATURITY: 11/15/25
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CFW6
2,850,000.000 SHARES
04/18/23 Purchase 28,123.19- 2,822,461.91- 2,822,461.91 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 3.875% MATURITY: 01/15/26
04/01/23 ACCOUNT OPENING PERIOD BALANCE 261,278.76- 261,278.76 55,020,132.60 04/03/23 ACCOUNT CLOSING DAILY BALANCE 256,655.14- 261,278.76 55,020,132.60 0.00 04/07/23 ACCOUNT CLOSING DAILY BALANCE 261,278.76- 261,278.76 55,020,132.60 0.00 04/17/23 ACCOUNT CLOSING DAILY BALANCE 231,091.26- 261,278.76 55,020,132.60 0.00

Page 7 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,187

Page 318 of 336 ends

13.B

Page 602 of 1197 ends

CITY OF HEMET
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGE5
2,825,000.000 SHARES
04/18/23 Purchase 10,879.97- 1,237,384.38- 1,237,384.38 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 4.125% MATURITY: 01/31/25
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGG0
1,240,000.000 SHARES
04/18/23 Purchase 19,353.59- 2,833,166.02- 2,833,166.02 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 4.000% MATURITY: 02/15/26
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGL9
2,825,000.000 SHARES
04/18/23 Purchase 12,071.50- 2,884,479.49- 2,884,479.49 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 4.625% MATURITY: 03/15/26
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGR6
2,825,000.000 SHARES
04/18/23 Sale 13,406.25 1,088,857.00 1,100,121.00- 11,264.00-

FEDERAL HOME LOAN BANKS
RATE: 3.375% MATURITY: 12/08/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 3130A0F70
1,100,000.000 SHARES
04/18/23 Sale 6,500.00 1,774,260.00 1,796,634.00- 22,374.00-

FEDERAL HOME LOAN BANKS
RATE: 3.250% MATURITY: 03/08/24
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 3130A0XE5
1,800,000.000 SHARES
04/18/23 Sale 15,703.69 2,035,796.48 2,074,770.70- 38,974.22-

UNITED STATES TREASURY NOTE/BOND
RATE: 1.625% MATURITY: 10/31/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 912828T91
2,070,000.000 SHARES
04/18/23 Sale 18,767.40 1,955,667.19 2,027,273.44- 71,606.25-

UNITED STATES TREASURY NOTE/BOND
RATE: 2.000% MATURITY: 04/30/24
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 912828X70
2,010,000.000 SHARES
04/18/23 Sale 3,952.34 2,015,500.78 2,033,694.14- 18,193.36-

UNITED STATES TREASURY NOTE/BOND
RATE: 0.500% MATURITY: 11/30/23
TRADE DATE 04/14/23 SET/DATE 04/18/23

Page 8 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,188

Page 319 of 336 ends

13.B

Page 603 of 1197 ends

CITY OF HEMET
CUSIP 91282CDM0
2,070,000.000 SHARES
04/18/23 Sale 4,631.77 2,011,862.11 2,040,971.49- 29,109.38-

UNITED STATES TREASURY NOTE/BOND
RATE: 0.750% MATURITY: 12/31/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CDR9
2,070,000.000 SHARES
04/18/23 Sale 3,852.66 2,007,414.84 2,044,286.72- 36,871.88-

UNITED STATES TREASURY NOTE/BOND
RATE: 0.875% MATURITY: 01/31/24
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CDV0
2,070,000.000 SHARES
04/18/23 Sale 0.00 2,703,965.78 2,703,965.78- 0.00

BNY MELLON CASH RESERVE
TRADE DATE 04/18/23 SET/DATE 04/18/23
CUSIP X9USDBMCR
2,703,965.780 SHARES
04/18/23 Interest 3,290.96 0.00 0.00 0.00 MORGAN STANLEY PRIVATE BK N 18APR24
RATE: 2.750% MATURITY: 04/18/24
TRADE DATE 04/18/23 SET/DATE 04/18/23
CUSIP 61760AZA0
240,000.000 SHARES
04/19/23 Interest 454.68 0.00 0.00 0.00 BANK NEW ENG SALEM N H 20NOV23
RATE: 2.150% MATURITY: 11/20/23
TRADE DATE 04/19/23 SET/DATE 04/19/23
CUSIP 06426KBH0
249,000.000 SHARES
04/19/23 Interest 4,125.91 0.00 0.00 0.00 JEFFERSON FINL FCU METAIRIE 19OCT23
RATE: 3.350% MATURITY: 10/19/23
TRADE DATE 04/19/23 SET/DATE 04/19/23
CUSIP 474067AQ8
247,000.000 SHARES
04/21/23 Cash Debit 38,059.05- 0.00 0.00 0.00 BNF: CITY OF HEMET NOTPROVIDED
DETAIL: WEEKLY INTEREST WIRE ATTN:

ACCOUNTI
DETAIL: NG MANAGER WEEKLY INTEREST

WIREATTN
04/18/23 ACCOUNT CLOSING DAILY BALANCE 286,966.66- 320,445.12 54,732,573.15 228,393.09- 04/19/23 ACCOUNT CLOSING DAILY BALANCE 282,386.07- 320,445.12 54,732,573.15 228,393.09-

Page 9 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,189

Page 320 of 336 ends

13.B

Page 604 of 1197 ends

CITY OF HEMET
A/C WITH: WELLS FARG
O BANK, N.A. 94104,CA,US
04/24/23 Interest 6,250.00 0.00 0.00 0.00

FEDERAL NATIONAL MORTGAGE ASSOCIATION
RATE: 0.625% MATURITY: 04/22/25
TRADE DATE 04/22/23 SET/DATE 04/22/23
CUSIP 3135G03U5
2,000,000.000 SHARES
04/24/23 Interest 433.53 0.00 0.00 0.00 WASHINGTON FED BK SEATTLE 23AUG24
RATE: 2.050% MATURITY: 08/23/24
TRADE DATE 04/23/23 SET/DATE 04/23/23
CUSIP 938828BJ8
249,000.000 SHARES
04/28/23 Cash Debit 6,683.53- 0.00 0.00 0.00 BNF: CITY OF HEMET NOTPROVIDED
DETAIL: WEEKLY INTEREST WIRE ATTN:

ACCOUNTI
DETAIL: NG MANAGER WEEKLY INTEREST

WIREATTN
A/C WITH: WELLS FARG
O BANK, N.A. 94104,CA,US
Cumulative realized capital gain and loss position from 12/31/2022 for securities held in principal of account:

Short Term: 33,638.00-* Long Term: 194,380.09-* * The above gain and loss position does not include transactions where tax cost information is incomplete or unavailable. 04/21/23 ACCOUNT CLOSING DAILY BALANCE 320,445.12- 320,445.12 54,732,573.15 228,393.09- 04/24/23 ACCOUNT CLOSING DAILY BALANCE 313,761.59- 320,445.12 54,732,573.15 228,393.09- 04/28/23 ACCOUNT CLOSING DAILY BALANCE 320,445.12- 320,445.12 54,732,573.15 228,393.09- 04/30/23 ACCOUNT CLOSING PERIOD BALANCE 320,445.12- 320,445.12 54,732,573.15 228,393.09-

Page 10 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,190

Page 321 of 336 ends

13.B

Page 605 of 1197 ends

Statement Period 04/01/2023 Through 04/30/2023
Account 510099 Base Currency = USD

CITY OF HEMET

Page 11 of 11 ends

e 018377 n 004066 a 02 t DOM i WI s 13,191

Page 322 of 336 ends

13.B

Page 606 of 1197 ends

Current Period Year-to-Date
Go Paperless.

Visit us at www.bnymellon.com
CLIENT SERVICE MANAGER: GREGORY LAFFERTY
Percent of all
Investments Asset Classification Market Value 100% TOTAL OF ALL INVESTMENTS 33,589,356 .53
Estimated Market
Asset Classification Market Value Cost Accrued Income Annual Income Yield ACCOUNT TOTALS 33,589,356 .53 34,574,420 .32 184,522 .48 741,317.00 2.21 % Realized
Transaction Category Income Principal Gains/Losses Income Principal OPENING BALANCE 56,640.34 - 56,640.34 56,640.34 - 95,022.23 Account Statement
Account Overview
Summary of Assets Held by Asset Classification
Summary of Cash Transactions by Transaction Category
Statement Period 04/01/2023 Through 04/30/2023
Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
4655 SALISBURY RD STE 300
AIM-324-0000
JACKSONVILLE, FL 32256
904-645-1939
[email protected]
99% FIXED INCOME 33,067,383 .90
1% CASH AND SHORT TERM 521,972.63
FIXED INCOME 33,067,383 .90 34,013,514 .43 184,233 .44 738,075.00 2.23 % CASH AND SHORT TERM 521,972.63 560,905.89 289.04 3,242.00 0.62 % INTEREST 5,718.25 0.00 0.00 226,729.93 0.00 MUNICIPAL BOND INTEREST 0.00 0.00 0.00 14,315.00 0.00 SALES AND REDEMPTIONS 16,551.22 6,149,483 .49 75,342.19 - 16,551.22 7,149,483 .49

Page 1 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,199

Page 323 of 336 ends

13.B

Page 607 of 1197 ends

Current Period Year-to-Date
Realized
Transaction Category Income Principal Gains/Losses Income Principal CLOSING BALANCE 76,237.23 - 76,237.23 75,342.19 - 76,237.23 - 76,237.23 Statement Period 04/01/2023 Through 04/30/2023
Summary of Cash Transactions by Transaction Category - Continued OTHER CASH ADDITIONS 0.00 488.47 0.00 0.00 488.47 OTHER CASH DISBURSEMENTS 4,062.50 - 0.00 0.00 239,389.18 - 0.00 PURCHASES 37,803.86 - 6,130,375 .07 - 0.00 37,803.86 - 7,168,756 .96 - The above cash transactions summary is provided for information purposes only and may not reflect actual taxable income or deductible expenses as reportable under the Internal Revenue Code.

Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR

Page 2 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,200

Page 324 of 336 ends

13.B

Page 608 of 1197 ends

Accrued Estimated Market
Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield Statement Period 04/01/2023 Through 04/30/2023
Statement of Assets Held by Asset Classification
Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
630,000.000 UNITED STATES TREASURY NOTE/BOND 97.04300 611,370.90 622,174.22 98.75781 1,340.06 5,512.50 0.90% CUSIP: 91282CDV0
MATURITY DATE: 01/31/2024
RATE: 0.875%
MOODY'S Aaa
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 97.22700 1,181,308.05 1,225,441.40 100.85937 12,082.87 24,300.00 2.06% CUSIP: 912828X70
MATURITY DATE: 04/30/2024
RATE: 2.000%
MOODY'S Aaa
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 96.71500 1,175,087.25 1,218,654.49 100.30078 6,989.61 21,262.50 1.81% CUSIP: 9128286Z8
MATURITY DATE: 06/30/2024
RATE: 1.750%
MOODY'S Aaa
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 96.55900 1,173,191.85 1,218,559.57 100.29297 5,168.78 21,262.50 1.81% CUSIP: 912828Y87
MATURITY DATE: 07/31/2024
RATE: 1.750%
MOODY'S Aaa
1,200,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 98.34100 1,180,092.00 1,200,504.00 100.04200 8,140.00 39,600.00 3.36% CUSIP: 3133ENG20
MATURITY DATE: 08/15/2024
RATE: 3.300%
MOODY'S Aaa
S&P AA+
1,200,000.000 FEDERAL HOME LOAN BANKS 97.69600 1,172,352.00 1,190,364.00 99.19700 4,408.33 34,500.00 2.94% CUSIP: 3130A2UW4
MATURITY DATE: 09/13/2024
RATE: 2.875%
MOODY'S Aaa
S&P AA+
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 95.79700 1,163,933.55 1,209,494.53 99.54687 9,062.15 18,225.00 1.57% CUSIP: 912828YM6
MATURITY DATE: 10/31/2024
RATE: 1.500%
MOODY'S Aaa
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 96.64500 1,174,236.75 1,229,380.67 101.18359 10,639.59 25,818.75 2.20% CUSIP: 9128283J7
MATURITY DATE: 11/30/2024
RATE: 2.125%
MOODY'S Aaa
1,215,000.000 UNITED STATES TREASURY NOTE/BOND 95.68800 1,162,609.20 1,208,782.62 99.48828 7,510.30 18,225.00 1.57% CUSIP: 912828YV6
MATURITY DATE: 11/30/2024
RATE: 1.500%
MOODY'S Aaa
400,000.000 FEDERAL HOME LOAN BANKS 94.68400 378,736.00 379,496.00 94.87400 1,433.33 4,000.00 1.06% CUSIP: 3130AQF40

FIXED INCOME

Page 3 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,201

Page 325 of 336 ends

13.B

Page 609 of 1197 ends

Accrued Estimated Market
Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield Statement Period 04/01/2023 Through 04/30/2023
Statement of Assets Held by Asset Classification - Continued Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
MATURITY DATE: 12/20/2024
RATE: 1.000%
MOODY'S Aaa
S&P AA+
900,000.000 TOYOTA MOTOR CREDIT CORP 95.46400 859,176.00 862,353.00 95.81700 3,420.00 16,200.00 1.89% CUSIP: 89236TGT6
MATURITY DATE: 02/13/2025
RATE: 1.800%
MOODY'S A1
S&P A+
510,000.000 UNITED STATES TREASURY NOTE/BOND 99.52700 507,587.70 507,689.06 99.54687 1,565.88 19,762.50 3.89% CUSIP: 91282CGU9
MATURITY DATE: 03/31/2025
RATE: 3.875%
MOODY'S Aaa
1,300,000.000 FEDERAL NATIONAL MORTGAGE ASSOCIATION 93.22900 1,211,977.00 1,212,679.00 93.28300 157.99 8,125.00 0.67% CUSIP: 3135G03U5
MATURITY DATE: 04/22/2025
RATE: 0.625%
MOODY'S Aaa
S&P AA+
475,000.000 UNITED STATES TREASURY NOTE/BOND 97.61700 463,680.75 461,529.30 97.16406 3,319.75 13,656.25 2.95% CUSIP: 912828Y79
MATURITY DATE: 07/31/2025
RATE: 2.875%
MOODY'S Aaa
1,200,000.000 PACCAR FINANCIAL CORP 97.84700 1,174,164.00 1,199,148.00 99.92900 9,230.00 42,600.00 3.63% CUSIP: 69371RR99
MATURITY DATE: 08/11/2025
RATE: 3.550%
MOODY'S A1
S&P A+
1,400,000.000 UNITED STATES TREASURY NOTE/BOND 98.12100 1,373,694.00 1,372,601.56 98.04297 8,822.51 43,750.00 3.18% CUSIP: 91282CFE6
MATURITY DATE: 08/15/2025
RATE: 3.125%
MOODY'S Aaa
1,000,000.000 FEDERAL HOME LOAN MORTGAGE CORP 91.57000 915,700.00 1,000,000.00 100.00000 443.06 5,500.00 0.60% CUSIP: 3134GWWT9
MATURITY DATE: 09/30/2025
RATE: 0.550%
MOODY'S Aaa
1,000,000.000 CATERPILLAR FINANCIAL SERVICES CORP 91.33200 913,320.00 1,004,240.00 100.42400 3,688.89 8,000.00 0.88% CUSIP: 14913R2H9
MATURITY DATE: 11/13/2025
RATE: 0.800%
MOODY'S A2
S&P A
750,000.000 UNITED STATES TREASURY NOTE/BOND 96.84000 726,300.00 719,941.41 95.99219 4,785.91 19,687.50 2.71% CUSIP: 9128286A3

Page 4 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,202

Page 326 of 336 ends

13.B

Page 610 of 1197 ends

ADMINISTRATION
CUSIP: 57419RD28
MATURITY DATE: 09/01/2026
RATE: 2.863%
MOODY'S Aa1
700,000.000 APPLE INC 93.70700 655,949.00 667,786.00 95.39800 1,913.33 14,350.00 2.19% CUSIP: 037833DN7
MATURITY DATE: 09/11/2026
RATE: 2.050%
MOODY'S Aaa
S&P AA+
1,255,000.000 UNITED STATES TREASURY NOTE/BOND 93.37500 1,171,856.25 1,243,234.38 99.06250 1,615.90 20,393.75 1.74% CUSIP: 912828YG9
MATURITY DATE: 09/30/2026
RATE: 1.625%
MOODY'S Aaa
1,850,000.000 UNITED STATES TREASURY NOTE/BOND 95.81300 1,772,540.50 1,751,357.42 94.66797 3,664.62 46,250.00 2.61% CUSIP: 91282CEF4
MATURITY DATE: 03/31/2027
RATE: 2.500%
MOODY'S Aaa
1,675,000.000 UNITED STATES TREASURY NOTE/BOND 96.65600 1,618,988.00 1,653,473.63 98.71484 22,904.01 46,062.50 2.85% CUSIP: 91282CEN7
MATURITY DATE: 04/30/2027

Page 5 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,203

Page 327 of 336 ends

13.B

Page 611 of 1197 ends

Accrued Estimated Market
Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield Statement Period 04/01/2023 Through 04/30/2023
Statement of Assets Held by Asset Classification - Continued Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
RATE: 2.750%
MOODY'S Aaa
575,000.000 UNITED STATES TREASURY NOTE/BOND 94.64100 544,185.75 536,367.19 93.28125 2,608.94 12,937.50 2.38% CUSIP: 9128282R0
MATURITY DATE: 08/15/2027
RATE: 2.250%
MOODY'S Aaa
600,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 96.49900 578,994.00 594,384.00 99.06400 3,504.00 17,520.00 3.03% CUSIP: 3133ENG87
MATURITY DATE: 08/17/2027
RATE: 2.920%
MOODY'S Aaa
S&P AA+
1,350,000.000 UNITED STATES TREASURY NOTE/BOND 101.25800 1,366,983.00 1,362,814.45 100.94922 17,196.65 52,312.50 3.83% CUSIP: 91282CGC9
MATURITY DATE: 12/31/2027
RATE: 3.875%
MOODY'S Aaa
1,160,000.000 UNITED STATES TREASURY NOTE/BOND 87.73400 1,017,714.40 1,013,731.25 87.39063 2,114.92 8,700.00 0.85% CUSIP: 91282CBJ9
MATURITY DATE: 01/31/2028
RATE: 0.750%
MOODY'S Aaa
1,350,000.000 UNITED STATES TREASURY NOTE/BOND 99.70300 1,345,990.50 1,341,826.17 99.39453 11,486.19 47,250.00 3.51% CUSIP: 91282CGH8
MATURITY DATE: 01/31/2028
RATE: 3.500%
MOODY'S Aaa
250,000.000 BMW BK NORTH AMER SALT LAKE 25SEP25 91.43833 228,595.82 250,000.00 100.00000 119.86 1,250.00 0.55% CUSIP: 05580AXF6
MATURITY DATE: 09/25/2025
RATE: 0.500%
61,905.890 BNY MELLON CASH RESERVE 1.00000 61,905.89 61,905.89 1.00000 0.00 0.00 0.00% CUSIP: X9USDBMCR
249,000.000 MERRICK BK SOUTH JORDAN UTA 29MAY25 92.96021 231,470.93 249,000.00 100.00000 169.18 1,992.00 0.86% CUSIP: 59013KHV1
MATURITY DATE: 05/29/2025
RATE: 0.800%
Total Market Value Plus Total Accrued Income 33,773,879.01 Total FIXED INCOME 33,067,383.90 34,013,514.43 184,233.44 738,075.00 2.23%

CASH AND SHORT TERM
Total CASH AND SHORT TERM 521,972.63 560,905.89 289.04 3,242.00 0.62% ACCOUNT TOTALS 33,589,356.53 34,574,420.32 184,522.48 741,317.00 2.21%

Page 6 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,204

Page 328 of 336 ends

13.B

Page 612 of 1197 ends

Realized
Transaction Date Transaction Description Income Principal Cost Gains/Losses Statement Period 04/01/2023 Through 04/30/2023
Statement of Transactions by Transaction Date
Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
04/03/23 Interest 1,655.75 0.00 0.00 0.00

BNY MELLON CASH RESERVE
TRADE DATE 04/03/23 SET/DATE 04/03/23
CUSIP X9USDBMCR
04/03/23 Cash Credit 0.00 25.20 0.00 0.00 CR INTEREST ADJ-ACC 2551088409
04/03/23 Cash Credit 0.00 463.27 0.00 0.00 CR INTEREST ADJ-ACC 2551088409
04/04/23 Purchase 0.00 2,144.22- 2,144.22 0.00

BNY MELLON CASH RESERVE
TRADE DATE 04/04/23 SET/DATE 04/04/23
CUSIP X9USDBMCR
2,144.220 SHARES
04/18/23 Purchase 1,830.84- 529,568.36- 529,568.36 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 2.500% MATURITY: 02/28/26
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 9128286F2
550,000.000 SHARES
04/18/23 Purchase 1,850.55- 1,013,731.25- 1,013,731.25 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 0.750% MATURITY: 01/31/28
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CBJ9
1,160,000.000 SHARES
04/18/23 Purchase 7,493.09- 1,372,601.56- 1,372,601.56 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 3.125% MATURITY: 08/15/25
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CFE6
1,400,000.000 SHARES
04/18/23 Purchase 15,607.04- 1,362,814.45- 1,362,814.45 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 3.875% MATURITY: 12/31/27
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGC9
1,350,000.000 SHARES
04/18/23 Purchase 10,050.41- 1,341,826.17- 1,341,826.17 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 3.500% MATURITY: 01/31/28
TRADE DATE 04/14/23 SET/DATE 04/18/23
04/01/23 ACCOUNT OPENING PERIOD BALANCE 56,640.34- 56,640.34 34,668,870.93 04/03/23 ACCOUNT CLOSING DAILY BALANCE 54,984.59- 57,128.81 34,668,870.93 0.00 04/04/23 ACCOUNT CLOSING DAILY BALANCE 54,984.59- 54,984.59 34,671,015.15 0.00

Page 7 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,205

Page 329 of 336 ends

13.B

Page 613 of 1197 ends

Realized
Transaction Date Transaction Description Income Principal Cost Gains/Losses Statement Period 04/01/2023 Through 04/30/2023
Statement of Transactions by Transaction Date - Continued Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
CUSIP 91282CGH8
1,350,000.000 SHARES
04/18/23 Purchase 971.93- 507,689.06- 507,689.06 0.00

UNITED STATES TREASURY NOTE/BOND
RATE: 3.875% MATURITY: 03/31/25
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CGU9
510,000.000 SHARES
04/18/23 Sale 3,137.43 1,167,831.25 1,178,156.25- 10,325.00-

UNITED STATES TREASURY NOTE/BOND
IMA #: 0418B1Q9054C004963
RATE: 1.250% MATURITY: 07/31/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 912828S92
1,180,000.000 SHARES
04/18/23 Sale 797.95 1,162,300.00 1,178,709.37- 16,409.37-

UNITED STATES TREASURY NOTE/BOND
IMA #: 0418B1Q9055C005028
RATE: 1.375% MATURITY: 09/30/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 912828T26
1,180,000.000 SHARES
04/18/23 Sale 8,951.86 1,160,502.34 1,182,719.53- 22,217.19-

UNITED STATES TREASURY NOTE/BOND
IMA #: 0418B1Q9054C005064
RATE: 1.625% MATURITY: 10/31/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 912828T91
1,180,000.000 SHARES
04/18/23 Sale 2,640.33 1,146,858.59 1,163,452.34- 16,593.75-

UNITED STATES TREASURY NOTE/BOND
RATE: 0.750% MATURITY: 12/31/23
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CDR9
1,180,000.000 SHARES
04/18/23 Sale 1,023.65 533,371.09 543,167.97- 9,796.88-

UNITED STATES TREASURY NOTE/BOND
IMA #: 0418B1Q9055C005197
RATE: 0.875% MATURITY: 01/31/24
TRADE DATE 04/14/23 SET/DATE 04/18/23
CUSIP 91282CDV0
550,000.000 SHARES
04/18/23 Sale 0.00 978,620.22 978,620.22- 0.00

BNY MELLON CASH RESERVE
TRADE DATE 04/18/23 SET/DATE 04/18/23
CUSIP X9USDBMCR
978,620.220 SHARES

Page 8 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,206

Page 330 of 336 ends

13.B

Page 614 of 1197 ends

Realized
Transaction Date Transaction Description Income Principal Cost Gains/Losses Statement Period 04/01/2023 Through 04/30/2023
Statement of Transactions by Transaction Date - Continued Account 255108 Base Currency = USD
CITY OF HEMET 1 5STR
04/24/23 Interest 4,062.50 0.00 0.00 0.00

FEDERAL NATIONAL MORTGAGE ASSOCIATION
RATE: 0.625% MATURITY: 04/22/25
TRADE DATE 04/22/23 SET/DATE 04/22/23
CUSIP 3135G03U5
1,300,000.000 SHARES
04/28/23 Cash Debit 4,062.50- 0.00 0.00 0.00 BNF: CITY OF HEMET NOTPROVIDED
DETAIL: 04/28/2023 ATTENTION: ACCOUNTING
MA
DETAIL: NAGER 04/282023ATTENTION:

ACCOUNTIN
A/C WITH: WELLS FARG
O BANK, N.A. 94104,CA,US
Cumulative realized capital gain and loss position from 12/31/2022 for securities held in principal of account:

Short Term: 0.00 * Long Term: 73,482.19-* * The above gain and loss position does not include transactions where tax cost information is incomplete or unavailable. 04/18/23 ACCOUNT CLOSING DAILY BALANCE 76,237.23- 76,237.23 34,574,420.32 75,342.19- 04/24/23 ACCOUNT CLOSING DAILY BALANCE 72,174.73- 76,237.23 34,574,420.32 75,342.19- 04/28/23 ACCOUNT CLOSING DAILY BALANCE 76,237.23- 76,237.23 34,574,420.32 75,342.19- 04/30/23 ACCOUNT CLOSING PERIOD BALANCE 76,237.23- 76,237.23 34,574,420.32 75,342.19-

Page 9 of 9 ends

e 034926 n 020615 a 02 t DOM i WI s 77,207

Page 331 of 336 ends

13.B

Page 615 of 1197 ends

5/18/23, 12:54 PM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
May 18, 2023
LAIF Home
PMIA Average Monthly
Yields

CITY OF HEMET

CITY TREASURER
445 EAST FLORIDA AVENUE
HEMET, CA 92543-4209
Account Number: 98-33-362
April 2023 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
4/14/2023 4/13/2023 QRD1728011 N/A SYSTEM 438,905.83
Account Summary
Total Deposit: 438,905.83 Beginning Balance: 65,121,119.33 Total Withdrawal: 0.00 Ending Balance: 65,560,025.16

Page 332 of 336 ends

13.B

Page 616 of 1197 ends

5/18/23, 12:55 PM Untitled Page
https://laif.sco.ca.gov/Result.aspx 1/1

MALIA M. COHEN

California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name HEMET
Account Number 98-33-362
As of 04/14/2023, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 03/31/2023.

Earnings Ratio .00007493902135155
Interest Rate 2.74%
Dollar Day Total $ 5,856,839,668.02
Quarter End Principal Balance $ 65,121,119.33
Quarterly Interest Earned $ 438,905.83

Page 333 of 336 ends

13.B

Page 617 of 1197 ends

CITY OF HEMET
Cash with Fiscal Agent: US BANK
2006 Refunding Bonds Series Heartland Project
Date Activity
*****2000
788-1508
Bond
*****2002
788-1508
Special
*****2005
788-1506
Reserve
TOTAL
All Accounts
01/31/23 Interest 7.02 1,422.32 854.97 2,284.31 Transfer funds 854.97 - (854.97) - BALANCE 3,135.96 457,522.20 274,142.25 734,800.41 02/28/23 Interest 10.14 1,518.82 910.33 2,439.29 Transfer funds 910.33 - (910.33) - BALANCE 4,056.43 459,041.02 274,142.25 737,239.70 03/31/23 Interest 12.81 1,460.88 872.54 2,346.23 Transfer funds 872.54 - (872.54) - Transfer funds 122,089.82 (122,089.82) - - Debt Service Payment (126,146.25) - - (126,146.25) BALANCE 885.35 338,412.08 274,142.25 613,439.68 04/30/23 Interest 3.08 1,217.38 986.31 2,206.77 Transfer funds 986.31 - (986.31) - COH Wire #5179 - 457,208.71 - 457,208.71 BALANCE 1,874.74 796,838.17 274,142.25 1,072,855.16 Cash Equivalents - First American Treas Oblig 1,072,854.16 Miscellaneous Assets - AMBAC Assurance 1.00
Total 1,072,855.16

Page 334 of 336 ends

13.B

Page 618 of 1197 ends

HEMET SUCCESSOR AGENCY to
Former Hemet Redevelopment Project Area
Cash W/Fiscal Agent: US Bank (switched from MUFG Union Bank N.A. 08/01/2021) 2014 Hemet Refunding Project TAB Series A
Riverside County Public Financing - Fiscal Agent City of Hemet as SA to former Hemet RDA Date Activity
******5701
Revenue
Fund
******5702
Interest
Fund
******5703
Principal
Fund
******5704
Bond Purchase
Fund
******5801
Debt Service
Fund
******5802
Interest
Account
******5803
Principal
Account
TOTAL
All Accounts
06/30/22 BALANCE - - - 7,420,000.08 - - - - 07/31/22 Interest - - - - - - - - COH Wire - - - - 753,671.88 - - 753,671.88 BALANCE - - - 7,420,000.08 753,671.88 - - 753,671.88 08/31/22 Interest - - - - 161.80 - - 161.80 Transfers - - - - (161.80) 161.80 - - BALANCE - - - 7,420,000.08 753,671.88 161.80 - 753,833.68 09/30/22 Interest - - - 143,671.88 1,115.08 0.23 - 1,115.31 Debt Service - (143,671.88) (610,000.00) - - (143,671.88) (610,000.00) (753,671.88) Transfers (753,671.88) 143,671.88 610,000.00 - (610,000.00) - 610,000.00 - Transfers 753,671.88 - - (753,671.88) (143,671.88) 143,671.88 - - Transfers - - - - (1,115.08) 1,115.08 - - BALANCE - - - 6,810,000.08 - 1,277.11 - 1,277.11 10/31/22 Interest - - - - - 2.08 - 2.08 Transfers - - - - - - - - BALANCE - - - 6,810,000.08 - 1,279.19 - 1,279.19 11/30/22 Interest - - - - - 2.83 - 2.83 Transfers - - - - - - - - BALANCE - - - 6,810,000.08 - 1,282.02 - 1,282.02 12/31/22 Interest - - - - - 3.48 - 3.48 Transfers - - - - - - - - BALANCE - - - 6,810,000.08 - 1,285.50 - 1,285.50 01/31/23 Interest - - - - - 3.97 - 3.97 Debt Service - - - - 127,136.38 - - 127,136.38 Transfers - - - - - - - - BALANCE - - - 6,810,000.08 127,136.38 1,289.47 - 128,425.85 02/28/23 Interest - - - - 188.78 4.22 - 193.00 Debt Service - - - - - - - - Transfers - - - - (188.78) 188.78 - - BALANCE - - - 6,810,000.08 127,136.38 1,482.47 - 128,618.85 03/31/23 Interest - - - 128,421.88 398.28 4.62 - 402.90 Debt Service - (128,421.88) - - - (128,421.88) - (128,421.88) Transfers 128,421.88 - - (128,421.88) (398.28) 398.28 - - Transfers (128,421.88) 128,421.88 - - (126,939.41) 126,939.41 - - BALANCE - - - 6,810,000.08 196.97 402.90 - 599.87 04/30/23 Interest - - - - 0.70 1.39 - 2.09 Debt Service - - - - - - - - Transfers - - - - (0.70) 0.70 - - Transfers - - - - - - - - BALANCE - - - 6,810,000.08 196.97 404.99 - 601.96 Held by Fiscal Agent for County of Riverside 6,810,000.08 Held by FA for City of Hemet 601.96 Municipal Bond Insurance - BAM (Acct 5701) 0.00 Muni Bond Ins - BAM (Acct 5804) 1.00

Page 335 of 336 ends

13.B

Page 619 of 1197 ends

CITY OF HEMET
Cash with Fiscal Agent: PARS
U5-PEB16A
Date Activity
Fund 789
OPEB
Fund 792
Pension
TOTAL
All Accounts
01/31/23 Earnings 131,466.83 27,431.12 158,897.95 Contributions - - - Expenses (Admin Fees) (1,142.10) (238.31) (1,380.41) BALANCE 2,460,347.56 513,362.10 2,973,709.66 02/28/23 Earnings (61,794.31) (12,893.65) (74,687.96) Contributions - - - Expenses (Admin Fees) (1,150.17) (240.00) (1,390.17) BALANCE 2,397,403.08 500,228.45 2,897,631.53 03/31/23 Earnings 38,374.37 8,006.98 46,381.35 Contributions - - - Expenses (Admin Fees) (1,173.52) (244.86) (1,418.38) BALANCE 2,434,603.93 507,990.57 2,942,594.50 04/30/23 Earnings 17,348.33 3,619.80 20,968.13 Contributions - - - Expenses (Admin Fees) (1,172.77) (244.69) (1,417.46) BALANCE 2,450,779.49 511,365.68 2,962,145.17

Page 336 of 336 ends

13.B

Page 620 of 1197 ends

City of Hemet
City Council Meeting

STAFF REPORT

Meeting: City Council Meeting - Jun 13 2023
Department: Public Works
Submitted by: Mark Prestwich, City Manager
Noah Rau, Public Works Director/City Engineer;

☐ Receive and File ☐ Consent Calendar ☐ Business Item ☒ Public Hearing

TITLE:

Public Hearing to Consider Establishing City of Hemet Community Facilities District No. 2023 -01 (Morgan Crossing), to Establish an Appropriations Limit, Therefore, to Authorize the Submittal of the Levy of Special Taxes, to Submit the Establishment of an Appropriations Limit to the Qualified Electors of Such Community Facilities District; Calling a Special Election and Submitting to the Qualified Electors of City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) Propositions Regarding the Establishment of an Appropriations Limit and the Annual Levy of a Special Tax Within the Community Facilities District; and, Declaring the Results of a Special Election in City of Hemet Community Facilities District No. 2023 -01 (Morgan Crossing) and Directing the Recording of a Notice of Special Tax Lien, Generally located between Stetson Avenue, South Cawston Avenue, West Thornton Avenue, and Warren Road.

RECOMMENDED ACTION:

It is respectfully recommended that the City Council:

1. Open the Public Hearing and take testimony, if any; and,

2. Adopt a Resolution of the City Council of the City of Hemet, California, to establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to establish an appropriations limit therefore, to authorize the submittal of the levy of special taxes, and to submit the establishment of an appropriations limit, to the qualified electors of such Community Facilities District; and,

3. Adopt a Resolution of the City Council of the City of Hemet, California, calling a special election and submitting to the qualified electors of City of Hemet Community Facilities District No. 2023- 01 (Morgan Crossing) propositions regarding the establishment of an appropriations limit and the annual levy of a special tax within the Community Facilities District; and

4. Adopt a Resolution of the City Council of the City of Hemet, California, declaring the results of a special election in City of Hemet Community Facilities District No. 2023 -01 (Morgan Crossing) and directing the recording of a notice of special tax lien; and

5. Waive full reading, read by title only, and introduce an Ordinance entitled, An Ordinance of the City Council of the City of Hemet, California, acting in its capacity as the legislative body of City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) authorizing the levy of a special tax therein.

Page 1 of 79 ends

14.A

Page 621 of 1197 ends

BACKGROUND:

On May 9, 2023, the City Council took the first step in the process of forming CFD 2023 -01 (Morgan Crossing) (“CFD No. 2023 -01”). At that time the City Council approved a Resolution of Intention, Resolution No. 2023-076, to form CFD No. 2023 -01 and to authorize the levy of a special tax. At that meeting the City Council set June 13, 2023, as the date for this public hearing.

The State Legislature enacted the Mello -Roos Act of 1982 (the “Act”) to assist public agencies in financing certain public services. The developer, Pulte Home Company, LLC, ("Pulte"), and owner Pulte Home Company, LLC, a Michigan limited liability company ("Owner") requested that the City assist them in forming a district in order to cover the costs associated with the maintenance of p ublic improvements within the proposed project area which is projected to include 150 single family residential units, four park parks, two drainage basins and a drainage channel at buildout. The CFD was formed for:

• Conduct street light maintenance inclu ding energy charges, operation, maintenance and administrative costs of streetlights within the boundaries of the CFD; • Conduct the maintenance of landscaping, including streetscape, slopes, medians and monuments specifically identified within the CFD;
• Conduct the maintenance of park landscaping and park facilities including play structures and related park facilities specifically identified within the CFD; • Conduct the maintenance, administration and inspections of stormwater facilities and BMPs including wa other any and drywells wetlands, basins, channel, quality ter modular NPDES/WQMP/BMP related devices;
• Conduct litter and graffiti removal on soundwalls and other amenities, plus normal painting as required, within the CFD;
• All other services necessary or u seful for, or in connection with, the authorized services listed above, including building a reserve fund for replacement; and • Levy and collect the special tax to fund these services.

The proposed district will be composed of Special Tax A and Special Tax B. Special Tax A provides funding for maintenance of the streetlights, landscaping, detention basins, storm drains, stormwater modular wetlands and drywells, catch basins and graffiti abatement not located in Special Tax Area B.

Special Tax B provides fund ing for maintenance of the landscaping, monuments, open space, four parks including play structures and park facilities. Maintenance of the Special Tax B improvements shall be the responsibility of the Property Owner’s Association which will enter into a D ormancy Agreement with the City. The Dormancy Agreement states that Special Tax B will not be levied in any year, unless and until, the first year the City determines that the Special Tax B improvements have not been maintained by the Property Owner’s Association to a standard acceptable to the City.

ANALYSIS:

Special Tax Area A will have a Maximum Special Tax of $1,083.00 per dwelling unit for Single Family Residential property, $758.00 per dwelling unit for Condominium Residential Property and $6,814.00 per acre for Multifamily Residential and Non -Residential property. Special Tax Area B will have a Maximum Special Tax of $270.00 per dwelling unit for Single Family Residential property, $189.00 per dwelling unit for Condominium Residential Property and $1,700.00 per acre for Multifamily Residential and Non -Residential property. These rates will increase based on the percentage increase in the Consumer Price Index with a maximum annual increase of 6% and a minimum annual increase of 2% of the Maximum Special Tax in effect in the previous fiscal year.

Page 2 of 79 ends

14.A

Page 622 of 1197 ends

PREVIOUS COUNCIL ACTION:

• On August 23, 2005, the City Council considered and approved goals and policies concerning Community Facility Districts.
• On May 9, 2023, the City Council adopted Resolution 2023 -076, Resolution of Intention (ROI) to establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing)

STRATEGIC PLAN INTEGRATION:

GOAL ONE: QUALITY OF LIFE:

To ensure that Hemet is safe, clean, attractive and comfortable for all who live, work, and visit.

Objective 1: Enhance the visual appearance of the community to make it attractive and reduce blight.

GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.

Objective 1: Operate in a financially sustainable manner.

FISCAL IMPACT:

There is no impact to the General Fund with this action. The individual property owners are responsible for the annual payments of special taxes. The City will work with the C ounty concerning the filing of the annual special tax to the County Auditor-Controller.

The property owners have filed a petition representing their willingness to move forward and have submitted a deposit to pay for City costs incurred in connection wi th the formation of CFD No. 2023-

01. After CFD No. 2023-01is formed, a special tax lien will be recorded on the property within CFD No. 2023-01and the individual property owners shall be responsible for the annual payments of special taxes. The City will f ile the annual special tax to be collected with the County Auditor -Controller for placement on the property tax bills. The City’s cost to administer CFD No. 2023 -01 annually will be reimbursed through the special taxes charged to property owners. The revenue from the annual special tax will be deposited into a fund for CFD No. 2023 -01 and will be used to pay said administrative expenses and for the maintenance services listed above. Both the revenue and expenses will be part of the City’s FY 2023-2024 Adopted Budget.

ALTERNATIVE(S):

1. Do not adopt the Resolution of Formation (ROF) or other resolutions associated with this Public Hearing for City of Hemet Community Facilities District No. 2023-01.

2. Provide alternate directions to staff.

REVIEWED BY LEGAL:

☒ Staff report ☒ Resolution
☒ Ordinance ☐ Agreement

Page 3 of 79 ends

14.A

Page 623 of 1197 ends

ATTACHMENT(S):

Attachment 1_Resolution of Formation_CFD 2023-01_MorganCrossing R1 Attachment 2_Resolution Calling a Special Election_CFD 2023-01_MorganCrossing R2 Attachment 3_Resolution Declaring Election Results_CFD 2023-01_MorganCrossing Attachment 4_CFD REPORT_CFD 2023-01_Morgan Crossing
Attachment 5_Ordinance Authorizing Levy of Special Tax_CFD 2023-01_MorganCrossing R1 Attachment 6 - Morgan Crossing CFD 2023-01 RMA
Attachment 7 - Maintenance-Responsibilty Exhibit-04-13-23 FINAL

Page 4 of 79 ends

14.A

Page 624 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-___

A RESOLUTION OF FORMATION OF THE CITY

COUNCIL OF THE CITY OF HEMET, CALIFORNIA, TO

ESTABLISH CITY OF HEMET COMMUNITY FACILITIES
DISTRICT NO. 2023-01 (MORGAN CROSSING), TO

ESTABLISH AN APPROPRIATIONS LIMIT THEREFOR,

TO AUTHORIZE THE SUBMITTAL OF THE LEVY OF

SPECIAL TAXES, AND TO SUBMIT THE

ESTABLISHMENT OF AN APPROPRIATIONS LIMIT,

TO THE QUALIFIED ELECTORS OF SUCH

COMMUNITY FACILITIES DISTRICT
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, on May 9, 2023, the City Council adopted a resolution entitled “A Resolution of Intention of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) and to authorize the Levy of a Special Tax within City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing)” (the “Resolution of Intention”), stating its intention to form Community Facilities District No. 2023-01 (Morgan Crossing) (the “CFD”), of the City pursuant to Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”) to finance certain services to serve the CFD (the “Services”); WHEREAS, the Resolution of Intention, setting forth a description of the proposed boundaries of the CFD, Services to be financed by the CFD, including incidental expenses, and the rate and method of apportionment (the “Rate and Method”) of the special tax (the “Special Tax”) to be levied within the CFD to pay for

Page 5 of 79 ends

14.A

Page 625 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
the Services, is on file with the City Clerk and the provisions thereof are incorporated herein by this reference as if fully set forth herein;
WHEREAS, the Resolution of Intention set June 13, 2023 at 7:00 p.m., or as soon thereafter as practical, as the date for a public hearing on the establishment of the CFD, the extent of the CFD, the furnishing of the Services within the CFD, and the proposed Rate and Method;
WHEREAS, on this date, this Council held a noticed public hearing as required by the Act and the Resolution of Intention relative to the proposed formation of the CFD;
WHEREAS, at the hearing all interested persons desiring to be heard for or against the establishment of the CFD, the extent of the CFD, the furnishing of the Services and the Rate and Method were heard and a full and fair hearing was held; WHEREAS, at the hearing evidence was presented to this Council on such matters before it, including a special report (the “CFD Report”) as to the Services to be provided through the CFD and the costs thereof, a copy of which is on file with the City Clerk, and this Council, at the conclusion of said hearing, is fully advised in the premises;
WHEREAS, written protests with respect to the formation of the CFD, the furnishing of specified types of services and the Rate and Method have not been filed with the City Clerk by fifty percent (50%) or more of the registered voters residing within the territory of the CFD or property owners of one-half (1/2) or more of the area of land within the CFD and not exempt from the proposed special taxes; and WHEREAS, the Special Tax proposed to be levied in the CFD to pay for the proposed services has not been eliminated by protest by fifty percent (50%) or more

Page 6 of 79 ends

14.A

Page 626 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
of the registered voters residing within the territory of the CFD or the owners of one- half (1/2) or more of the area of land within the CFD and not exempt from the special taxes.

WHEREAS, City Staff reviewed the proposed CFD formation and determined that forming the CFD and financing the Services, as described in Section 7 of this Resolution, does not constitute a project for purposes of the California Environmental Quality Act, commencing with Section 21000 of the California Public Resources Code and the California Environmental Quality Act Guidelines, Article 5 of Chapter 3 of Division 6 of Title 14 of the California Code of Regulations, (collectively “CEQA”).

CEQA Guidelines Section 15378 specifically state that the term “project” for CEQA purposes does not include “continuing administrative or maintenance activities” or “the creation of government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.” (CEQA Guidelines §§ 15378 (b)(2) and (b)(4).)
WHEREAS, the CFD is intended to fund streetlight, landscaping, detention basin, storm drain, stormwater modular wetland and drywell and catch basin maintenance and graffiti abatement on sound walls and other amenities, plus normal painting as required within the District, all other services necessary or useful for, or in connection with, the foregoing services, including building a reserve fund for replacement, which constitute administrative and maintenance functions of the City.

Further, establishment of a revenue stream to fund ongoing services does not involve commitment to any specific project that would have a potentially significant impact on

Page 7 of 79 ends

14.A

Page 627 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
the environment because the funds would not be used to construct new or expand existing facilities.

WHEREAS, in addition to the foregoing, because the project is a financing mechanism to fund ongoing administrative and maintenance operations, it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, and therefore is exempt from CEQA’s provisions. (CEQA Guidelines §15061(b)(3).)

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1.RECITALS CORRECT - The foregoing recitals are true and correct.

SECTION 2.PUBLIC HEARING - On June 13, 2023, pursuant to notice thereof duly given as provided by law, the City Council held a public hearing with respect to the establishment of the CFD and the annual levying of the Special Tax within the CFD to pay for the Services.

SECTION 3.NO MAJORITY PROTEST - The proposed Special Tax to be levied within the CFD has not been precluded by majority protest pursuant to section 53324 of the Act.

SECTION 4.PRIOR PROCEEDINGS VALID - All prior proceedings taken by this City Council in connection with the establishment of the CFD and the levy of the Special Tax have been duly considered and are hereby found and determined to be valid and in conformity with the Act.

Page 8 of 79 ends

14.A

Page 628 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
SECTION 5.NAME OF THE DISTRICT - The community facilities district designated “City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing)” of the City is hereby established pursuant to the Act.

SECTION 6.BOUNDARIES OF THE DISTRICT - The Resolution of Intention provides the boundaries of the territory proposed for inclusion in the CFD, as set forth in the map of the CFD heretofore recorded in the Riverside County Recorder’s Office on __________ __, 2023, in Book __ at Page __ as Instrument No. 2023-_______ of Maps of Assessment and Community Facilities Districts.

SECTION 7.DESCRIPTION OF SERVICES - The Services proposed to be financed by the CFD and pursuant to the Act shall consist of those items shown in Exhibit “A” hereto and by this reference incorporated herein.

SECTION 8.SPECIAL TAX
a. Except to the extent that funds are otherwise available to the CFD to pay for the Services, a Special Tax sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property in the CFD, is intended to be levied annually within the CFD, and collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this Council.
b. The proposed Rate and Method, in sufficient detail to allow each landowner within the proposed CFD to estimate the maximum amount such owner will have to pay, is shown in Exhibit “B” attached hereto and hereby incorporated herein.

SECTION 9.REPORT - The CFD Report is hereby approved and is made a part of the record of the public hearing regarding the formation of the CFD and is

Page 9 of 79 ends

14.A

Page 629 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
ordered to be kept on file with the City Clerk as part of the transcript of these proceedings.

SECTION 10.RESPONSIBLE OFFICIAL - The Finance Director of the City of Hemet, located at City Hall, 445 East Florida Avenue, Hemet, CA 92543, telephone number (951) 765-2300, is the officer of the City who will be responsible for preparing annually a current roll of the levy of the Special Tax obligations by assessor’s parcel number and who will be responsible for estimating future levies of the Special Tax.

SECTION 11.TAX LIEN - 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 each levy of the Special Tax shall attach to all nonexempt real property in the CFD and this lien shall continue in force and effect until the Special Tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the Special Tax by the CFD ceases.

SECTION 12.DESCRIPTION OF VOTING PROCEDURES - The voting procedures to be followed in conducting the special election (the “Special Election”) on the proposition of the annual levy of the Special Tax and on the proposition to establish an appropriations limit for the CFD, if the CFD is established, shall be as follows:
a. If at least 12 persons have been registered to vote within the territory of the CFD for each of the 90 days preceding the close of the public or protest hearing (the “protest hearing”), the vote in the Special Election shall be by the registered voters of the CFD with each voter having one vote. In that event, the Special Election shall be conducted by the City Clerk, and shall be

Page 10 of 79 ends

14.A

Page 630 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
held on a date selected by the City Council in conformance with the provisions of Section 53326 of the Act and pursuant to the provisions of the California Elections Code governing elections of cities, insofar as they may be applicable, and pursuant to said Section 53326 the ballots for the Special Election shall be distributed to the qualified electors of the CFD by mail with return postage prepaid or by personal service, and the Special Election shall be conducted as a mail ballot election.
b. If 12 persons have not been registered to vote within the territory of the CFD for each of the 90 days preceding the close of the protest hearing, the vote in the Special Election is to be by the landowners of the CFD, with each landowner of record at the close of the protest hearing having one vote for each acre or portion of an acre of land that he or she owns within the CFD and the Special Election shall be conducted by the City Clerk pursuant Section 53326 of the Act as follows:
(i) The Special Election shall be held on the earliest date, following the adoption by the City Council of this Resolution and a resolution calling the Special Election, to submit to the qualified electors of the CFD the propositions with respect to: (i) the levy of Special Tax to finance the Services and (ii) the establishment of an appropriations limit for the CFD.
(ii) Pursuant to said Section 53326, the Special Election may be held earlier than 90 days following the close of the protest hearing if the qualified electors of the CFD waive the time limits for conducting the elections set forth in said Section 53326 by unanimous written consent

Page 11 of 79 ends

14.A

Page 631 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
and the Clerk concurs in such earlier election date as shall be consented to by the qualified electors.
(iii) Pursuant to said Section 53326, ballots for the Special Election shall be distributed to the qualified electors by the Clerk by mail with return postage prepaid, or by personal service.
(iv) Pursuant to applicable sections of the California Elections Code governing the conduct of mail ballot elections of cities, the City Clerk shall mail (or deliver) to each qualified elector an official ballot and shall also mail to all such qualified electors a ballot pamphlet and instructions to voter, including a sample ballot identical in form to the official ballot but identified as a sample ballot, a return identification envelope with prepaid postage thereon addressed to the City Clerk for the return of voted official ballots, and a copy of this Resolution and the exhibits hereto; provided, however, that analysis and arguments regarding the ballot measure may be waived with the unanimous consent of all the landowners, and in such event a finding regarding such waivers shall be made in the resolution adopted by the City Council calling the Special Election.
(v) The official ballot to be mailed (or delivered) by the Clerk to each landowner shall have printed or typed thereon the name of the landowner and the number of votes to be voted by the landowner and shall have appended to it a certification to be signed by the person voting the official ballot which shall certify that the person signing the certification is the person who voted the official ballot, and if the

Page 12 of 79 ends

14.A

Page 632 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
landowner is other than a natural person, that he or she is an officer of or other person affiliated with the landowner entitled to vote such official ballot, that he or she has been authorized to vote such official ballot on behalf of the landowner, that in voting such official ballot it was his or her intent, as well as the intent of the landowner, to vote all votes to which the landowner is entitled based on its land ownership on the propositions set forth in the official ballot as marked thereon in the voting square opposite each such proposition, and further certifying as to the acreage of the landowner's land ownership within the CFD. (vi) The return identification envelope delivered by the Clerk to each landowner shall have printed or typed thereon the following: (i) the name of the landowner, (ii) the address of the landowner, (iii) a declaration under penalty of perjury stating that the voter is the landowner or the authorized representative of the landowner entitled to vote the enclosed ballot and is the person whose name appears on the identification envelope, (iv) the printed name and signature of the voter, (v) the address of the voter, (vi) the date of signing and place of execution of said declaration, and (vii) a notice that the envelope contains an official ballot and is to be opened only by the Clerk. (vii) The instruction to voter form to be mailed by the Clerk to the landowners shall inform them that the official ballots shall be returned to the Clerk properly voted as provided thereon and with the certification appended thereto properly completed and signed in the sealed return identification envelope with the certification thereon

Page 13 of 79 ends

14.A

Page 633 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
completed and signed and all other information to be inserted thereon properly inserted no later than 7:00 p.m. on the date of the Special Election, or immediately after the Resolution Calling the Special Election is adopted.
(viii) Upon receipt of the return identification envelopes, which are returned prior to the voting deadline on the date of the Special Election, the Clerk shall canvass the votes cast in the Special Election, and shall file a statement with the City Council as to the results of such canvass and the election on each proposition set forth in the official ballot.

SECTION 13.EXEMPT PROPERTY - Except as provided in Section 53340.1 of the Act and except for properties that a local agency is a landowner of within the meaning of subdivision (f) of Section 53317 of the Act, pursuant to Section 53340 of the Act, properties of entities of the state, federal and local governments shall be exempt from the levy of the Special Tax. Reference is hereby made to the Rate and Method for a description of other properties or entities that are expressly exempted from the levy of the Special Tax.

SECTION 14.APPROPRIATIONS LIMIT - An appropriations limit for the CFD is hereby established, subject to voter approval, as an amount equal to 200 percent of all the proceeds of the Special Tax collected annually within such CFD and as defined by Article XIIIB of the California Constitution, as adjusted for changes in the cost of living and changes in population.

SECTION 15.SPECIAL TAX ACCOUNTABILITY MEASURES -
Pursuant to and in compliance with the provisions of Government Code Section

Page 14 of 79 ends

14.A

Page 634 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
50075.1, the City Council hereby establishes the following accountability measures pertaining to the levy by the CFD of the Special Tax described in Section 8 above:
a. The Special Tax shall be levied for the specific purposes set forth in Section 7 hereof.
b. The proceeds of the levy of the Special Tax shall be applied only to the specific purposes set forth in Section 7 hereof. c. The CFD shall establish an account or accounts into which the proceeds of such Special Tax shall be deposited.
d. The City Manager, or his or her designee, acting for and on behalf of the CFD, shall annually file a report with the City Council as required pursuant to Government Code Section 50075.3.

SECTION 16.CEQA - The City Council hereby finds that the CFD formation involves creation of a funding mechanism for certain ongoing service and maintenance activities that do not have any potential for significantly impacting the environment. Further, the City Council hereby finds that it can be seen with certainty that the proposed financing mechanism and services funded thereby have no possibility of resulting in a significant effect on the environment. Therefore, the City Council, in its independent judgment, finds that the project is exempt from CEQA, and hereby directs City Staff to prepare and file a Notice of Exemption with the County Clerk within five days of adoption of this Resolution pursuant to Section 21152 of the California Public Resources Code and Section 15062 of the CEQA Guidelines.

SECTION 17.EFFECTIVE DATE - This resolution shall take effect upon its adoption.

Page 15 of 79 ends

14.A

Page 635 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___Page 16 of 79

14.A

Page 636 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

Page 17 of 79 ends

14.A

Page 637 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-___
State of California )
County of Riverside )
City of Hemet )
I, John Paul Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 13th day of June, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

Page 18 of 79 ends

14.A

Page 638 of 1197 ends

EXHIBIT A

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING)

DESCRIPTION OF SERVICES
Authorized Services shall be the following:
• Street lights maintenance including energy charges, operation, maintenance and administrative costs of streetlights within the boundaries of the CFD. • Landscape maintenance to be financed, including streetscape and related facilities, including monuments, hardscape, access roads and pathways, specifically identified within the CFD. The maintenance may include, but is not limited to all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, lighting, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time, visual inspection process and procedures, GPS location recording, reporting by device, annual reporting, visual inspection for functionality, vegetated as designed, irrigation is complete and in working order, noting any of the following: any deficiencies, erosion, trash, silt, sediment, structural deficiencies. Maintenance is inclusive of repair or replacing any of the items noted as deficient or needing to be corrected to not be deficient.

Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of goods and services.
• Park maintenance to be financed, including maintenance of landscaping and park facilities. Park facilities may include, but is not limited to, play structures, public gathering spaces, multi-purpose tables and shade structures, signage and lighting, trash and recycling receptacles, and related facilities specifically identified within the CFD. The landscape maintenance may include, but is not limited to, all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, electricity, repair/replacement and inspection.
• Maintenance, administration and inspection of the stormwater facilities and BMPs including water quality basins and any other NPDES/WQMP/BMP related devices. The maintenance may include, but is not limited to all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, lighting, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time, visual inspection process and procedures, GPS location recording, reporting by device, annual reporting, visual inspection for functionality,

Page 19 of 79 ends

14.A

Page 639 of 1197 ends

vegetated as designed, irrigation is complete and in working order, noting any of the following: any deficiencies, erosion, trash, silt, sediment, structural deficiencies. Maintenance is inclusive of repair or replacing any of the items noted as deficient or needing to be corrected to not be deficient. Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of goods and services.
• Litter and graffiti removal on soundwalls and other amenities, plus normal painting as required, within the CFD.
• All other services necessary or useful for, or in connection with, the authorized services listed above, including building a reserve fund for replacement.

Page 20 of 79 ends

14.A

Page 640 of 1197 ends

EXHIBIT B

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING)

RATE AND METHOD OF APPORTIONMENT
[please see attached]

Page 21 of 79 ends

14.A

Page 641 of 1197 ends

Page 22 of 79 ends

14.A

Page 642 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, CALLING A SPECIAL

ELECTION AND SUBMITTING TO THE QUALIFIED

ELECTORS OF CITY OF HEMET COMMUNITY
FACILITIES DISTRICT NO. 2023-01 (MORGAN

CROSSING) PROPOSITIONS REGARDING THE

ESTABLISHMENT OF AN APPROPRIATIONS LIMIT

AND THE ANNUAL LEVY OF A SPECIAL TAX WITHIN

THE COMMUNITY FACILITIES DISTRICT
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, on June 13, 2023, the City Council (the “City Council”) of the City of Hemet (the “City”) held a public hearing (the “Public Hearing”) on the establishment of Community Facilities District No. 2023-01 (Morgan Crossing) (the “District”); and WHEREAS, following the Public Hearing, the City Council adopted a resolution entitled “Resolution of Formation of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to Establish an Appropriations Limit therefor, to Authorize the Submittal of the Levy of Special Taxes, and to Submit the Establishment of an Appropriations Limit, to the Qualified Electors of such Community Facilities District” (the “Resolution of Formation”) ordering the formation of the District, and subject to approval of the qualified electors of the District, authorizing the levy of a special tax (the “Special Tax”) on property within the District and establishing an appropriations limit for the District, pursuant to the Mello-Roos Community Facilities Act of 1982, as

Page 23 of 79 ends

14.A

Page 643 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
amended, commencing with Section 53311 of the California Government Code (the “Act”); and
WHEREAS, pursuant to the Resolution of Formation, the propositions relating to the levy of the Special Tax and the establishment of an appropriations limit will be submitted to the qualified electors of the District as required by the Act; and WHEREAS, no persons are registered to vote in the territory of the District; and
WHEREAS, the City Clerk has advised the City Council that he/she has received a Consent and Waiver from each and every landowner within the District, pursuant to which each landowner has expressly waived certain requirements related to the conduct of the election;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1.RECITALS CORRECT - The foregoing recitals are true and correct.
a.CALL OF ELECTION - The City Council hereby calls and
schedules a special election for June 13, 2023, to consider the proposition described in Section 2 below.

SECTION 2.PROPOSITION
a.Pursuant to Sections 53325.7, 53326 and 53353.5 of the Act, the proposition relating to the levy of the Special Tax and the proposition relating to the establishment of the appropriations limit shall be combined into one ballot proposition and shall be submitted to the qualified electors of the District as required by the Act.

Page 24 of 79 ends

14.A

Page 644 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
b.If the combined proposition for the levy of the Special Tax and the establishment of the appropriations limit receives the approval of more than two-thirds of the votes cast on the proposition, the Special Tax may be levied and the appropriations limit may be established as provided for in the Resolution of Formation.
c.The amount, method of collection and purpose of the Special Tax are specified in the Resolution of Formation, on file in the office of the City Clerk and by this reference incorporated herein.
d.The proposition to be submitted to the voters of the District at such special election shall be as follows:
“Shall special taxes with a rate and method of apportionment as set forth in Exhibit “B” to the resolution entitled “Resolution of Formation of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to Establish an Appropriations Limit therefor, to Authorize the Submittal of the Levy of Special Taxes, and to Submit the Establishment of an Appropriations Limit, to the Qualified Electors of such Community Facilities District” (the “Resolution of Formation”) be levied annually on taxable property within City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to pay for streetlight, landscaping, stormwater facilities and BMPs including detention basin, storm drain, modular wetland, drywell, catch basin and other NPDES/WQMP/BMP related devices maintenance and graffiti abatement on soundwalls and other amenities, plus normal painting, as required within the District, all

Page 25 of 79 ends

14.A

Page 645 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
other services necessary or useful for, or in connection with, the foregoing services, including building a reserve fund for replacement, and incidental expenses thereto, all as set forth in Exhibit “A” to the Resolution of Formation, and shall the appropriations limit be established as set forth in Section 14 of the Resolution of Formation?” SECTION 3.ELECTORS DETERMINED - The City Council finds that 12 persons have not been registered to vote within the territory of the District for the 90 days preceding the close of the Public Hearing and that pursuant to Section 53326 of the Act, the vote in the special election called by this Resolution shall be by the landowners of the District whose property would be subject to the special taxes if they were levied at the time of the election, and each landowner shall have one vote for each acre, or portion thereof, which he or she owns within the District which would be subject to the proposed special taxes if they were levied at the time of the election.

SECTION 4.CONDUCT OF ELECTION - Except as otherwise provided in Section 6 hereof, the special election shall be conducted by the City Clerk in accordance with the provisions of the California Elections Code governing mail ballot elections of cities, and in particular the provisions of Division 4 (commencing with Section 4000), of that Code, insofar as they may be applicable.

SECTION 5.ELECTION PROCEDURES
a.The procedures to be followed in conducting the special election on the proposition described in Section 3 shall be as provided in Section 12 of the Resolution of Formation. It is hereby acknowledged that the City Clerk has on file a copy of the Resolution of Formation.

Page 26 of 79 ends

14.A

Page 646 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
b.The City Council hereby finds that the qualified electors of the District have waived the time limits for conducting the special election by unanimous written consent as provided in the Consent & Waiver signed by the land owner.

SECTION 6.CONCURRENCE OF THE CITY CLERK - The City Council hereby finds and determines that the City Clerk has concurred in the shortened time for the election, pursuant to Section 53326 of the Act, PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

Page 27 of 79 ends

14.A

Page 647 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
State of California )
County of Riverside )
City of Hemet )
I, John Paul Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 13th day of June, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Members: None.

ABSTAIN: Council Members: None.

ABSENT: Council Members: None.
_____________________________
John Paul Maier, City Clerk
State of California )
County of Riverside )
City of Hemet )
I, John Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 13 th day of June, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Member:

ABSTAIN: Council Member:

ABSENT: Council Member:
_________________________________
John Maier, City Clerk

Page 28 of 79 ends

14.A

Page 648 of 1197 ends

A-1

EXHIBIT A

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING)

CERTIFICATE OF THE CITY CLERK AS TO THE

RESULTS OF THE CANVASS OF THE ELECTION RETURNS
I, John Maier, City Clerk of the City of Hemet, hereby certify that I canvassed the returns of the Special Election in the City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), and that the election was held in the Chambers of the City Council at 450 E. Latham Avenue, Hemet, CA on June 13, 2023.

I further certify that the total number of ballots cast in said election and the total number of votes cast for and against the measure are full, true and correct:

Community Facilities District No. 2023-01
(Morgan Crossing) Special Tax Election,
June 13, 2023
Qualified
Eligible
Voters
Votes
Cast Yes No
Ballot Measure 1 49
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 13 th day of June, 2023.

By:
__________________________
John Maier, City Clerk
City of Hemet

Page 29 of 79 ends

14.A

Page 649 of 1197 ends

B-2

EXHIBIT B

BALLOT MEASURE

SPECIAL ELECTION

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING)
This ballot is for a special landowner election. You must return this ballot in the enclosed postage paid envelope to the office of the City Clerk of the City of Hemet no later than 4:00 p.m. on June 13, 2023, by mail; or in person to the location of the public hearing no later than 7:00 p.m. on June 13, 2023. The City Clerk’s office is located at 445 E Florida Avenue, Hemet, CA 92543. The public hearing will be held at the City Council Chambers, 450 E. Latham Ave., Hemet, CA, 92543.

This ballot is provided to Pulte Home Company, LLC, a Michigan Limited Liability Company, (the “Owner”) or authorized representative of such Owner of land with Community Facilities District No. 2023-01 (Morgan Crossing) of the City of Hemet and represents forty-nine (49) votes on assessor parcel numbers:
460-010-008 460-010-010 460-020-005
460-010-009 460-010-011 460-020-006
To vote, mark a cross (X) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden and make the ballot void.

If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Hemet to obtain a replacement ballot.

Page 30 of 79 ends

14.A

Page 650 of 1197 ends

MEASURE: “Shall special taxes with a rate and method of apportionment as set forth in Exhibit “B” to the resolution entitled “Resolution of Formation of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to Establish an Appropriations Limit therefor, to Authorize the Submittal of the Levy of Special Taxes, and to Submit the Establishment of an Appropriations Limit, to the Qualified Electors of such Community Facilities District” (the “Resolution of Formation”) be levied annually on taxable property within City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to pay for streetlight, landscaping, stormwater facilities and BMPs including detention basin, storm drain, modular wetland, drywell, catch basin and other NPDES/WQMP/BMP
related devices, maintenance and graffiti abatement on sound walls and other amenities, plus normal painting, as required within the District, all other services necessary or useful for, or in connection with, the foregoing services, including building a reserve fund for replacement, and incidental expenses thereto, all as set forth in Exhibit “A” to the Resolution of Formation, and shall the appropriations limit be established as set forth in Section 14 of the Resolution of Formation?”
Yes
No
Property Owner/Authorized Representative Signature:
____________________________________________
Name: Darren Warren
Title: Vice President Land Acquisitions and Development

Page 31 of 79 ends

14.A

Page 651 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___

CITY OF HEMET
Hemet, California
RESOLUTION NO. 2023-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, DECLARING THE RESULTS

OF A SPECIAL ELECTION IN CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING) AND DIRECTING THE

RECORDING OF A NOTICE OF SPECIAL TAX LIEN
WHEREAS, in proceedings heretofore conducted by the City Council of the City of Hemet (the “City Council”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, commencing with Section 53311, of the California Government Code (the “Act”), the City Council adopted Resolution No. 2023- ____on June 13, 2023, entitled “Resolution of the City Council of the City of Hemet, California, Calling a Special Election and Submitting to the Qualified Electors of City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) (the “District”) Propositions Regarding the Establishment of an Appropriations Limit and the Annual Levy of a Special Tax within the Community Facilities District” (the “Resolution Calling Election”), calling for a special election (the “Special Election”) of the qualified electors within Community Facilities District No. 2023-01 (Morgan Crossing); and
WHEREAS, pursuant to the terms of the Resolution Calling Election, which are by this reference incorporated herein, the Special Election was held on June 13, 2023, and the City Clerk has on file a Certificate of the City Clerk as to the Results of the Canvass of the Election Returns (the “Certificate”), a copy of which is attached hereto as Exhibit A and by this reference incorporated herein; and WHEREAS, this City Council has reviewed said Certificate and hereby approves it;
NOW, THEREFORE, the City Council of the City of Hemet does hereby find and resolve:

1.Recitals Correct. The foregoing recitals are true and correct.

2.Ballot Measure. The ballot measure (the “Ballot Measure”) presented to the qualified electors is set forth in Exhibit B attached hereto and by this reference incorporated herein.

3.Election Results. The results of the Special Election are as set forth in the Certificate on file with the City Clerk and attached hereto as Exhibit A. Pursuant to the Certificate, the Ballot Measure presented at the Special Election was approved by the qualified electors of the District.

Page 32 of 79 ends

14.A

Page 652 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___

4.Ballot Measure Authorized. This City Council, acting in its capacity as legislative body of the District, is hereby authorized to levy on the land within the District the special tax described in the Ballot Measure for the purposes described therein and to take the necessary steps to levy the special tax authorized by the Ballot Measure. The appropriations limit as specified in the Ballot Measure is hereby established.

5.Findings of Validity. It is hereby found that all prior proceeding and actions taken by this City Council with respect to the District were valid and in conformity with the Act.

6.Notice of Special Tax Lien. The City Clerk is hereby directed to record in the office of the County Recorder of the County of Riverside within fifteen days of the date hereof a notice of special tax lien with respect to the District in substantially the form required by California Streets and Highways Code Section 3114.5.

PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Maier, City Clerk

Page 33 of 79 ends

14.A

Page 653 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
CITY COUNCIL RESOLUTUION NO. 2023-___
State of California )
County of Riverside )
City of Hemet )
I, John Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 13 th day of June, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Member:

ABSTAIN: Council Member:

ABSENT: Council Member:
_________________________________
John Maier, City Clerk

Page 34 of 79 ends

14.A

Page 654 of 1197 ends

A-1

EXHIBIT A

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2023-01
(MORGAN CROSSING)

CERTIFICATE OF THE CITY CLERK AS TO THE

I further certify that the total number of ballots cast in said election and the total number of votes cast for and against the measure are full, true and correct:

By:
__________________________
John Maier, City Clerk
City of Hemet

Page 35 of 79 ends

14.A

Page 655 of 1197 ends

B-2

EXHIBIT B

BALLOT MEASURE

SPECIAL ELECTION

If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Hemet to obtain a replacement ballot.

Page 36 of 79 ends

14.A

Page 656 of 1197 ends

Page 37 of 79 ends

14.A

Page 657 of 1197 ends

CFD Report

City of Hemet
Community Facilities District 2023-01
(Morgan Crossing)
June 2023
Prepared for:

City of Hemet
445 E Florida Avenue
Hemet, CA 92543

Prepared by:

41593 Winchester Rd, Suite 200
Temecula, California 92590
(949) 655-3900

Page 38 of 79 ends

14.A

Page 658 of 1197 ends

TABLE OF CONTENTS

COMMUNITY FACILITIES DISTRICT 2023-01 (MORGAN CROSSING)

Section A – Introduction Page 1

Section B – Description of Services Page 1

Section C – Cost Estimate Page 4

Section D – Rate and Method of Apportionment of Special Tax Page 6

Section E – Proposed Boundaries Page 8

APPENDIX

Rate and Method of Apportionment A
Boundary Map B

Page 39 of 79 ends

14.A

Page 659 of 1197 ends

1 Agency: City of Hemet

Project: City of Hemet
Community Facilities District No. 2023-01 (MORGAN CROSSING) County of Riverside, State of California

Community Facilities District Report
“Mello-Roos Community Facilities Act of 1982”

A. Introduction

Whereas, the City Council of the City of Hemet , County of Riverside, S tate Of California (Council), did, pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Division 2 of Title 5 of the California Government Code (Act), on May 9, 2023, adopted Resolution No. 2023-076 (Resolution) expressly ordering the preparation and filing of a written Report for a pro posed Community Facilities District (Report). This Community Facilities District shall be referred to as City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) (CFD) and (CFD No. 2023-01 (Morgan Crossing)); and,

Whereas, The Resolution ordering said Report, did direct that the Report generally contain the following:

 A brief description of the services by type proposed to be financed by the CFD which will adequately meet the needs of the CFD; and

 An estimate of the costs of providing such services, including the incidental expenses, to be incurred in connection with the CFD;

Now, Therefore, the undersigned, authorized representative of Harris & Associates, the appointed Special Tax Consultant and responsible officer or person directed to prepare the Report, pursuant to the provisions of the Act, does hereby submit the following data.

B. Description of Services

A Community Facilities District may provide for financing of certain public services which are necessary to meet increased demands place d upon local agencies as a result of development or rehabilitation occurring with the CFD.

Page 40 of 79 ends

14.A

Page 660 of 1197 ends

2 A general description of the proposed services, pursuant to the terms stated in Exhibit “A ” of the Resolution, is as follows:

Street Lights

 Street lights maintenance including energy charges, operation, maintenance and administrative costs of streetlights within the boundaries of the CFD.

Landscaping

 Landscape maintenance to be financed, including streetscape and related facilities, including monuments, hardscape, access roads and pathways, specifically identified within the CFD. The maintenance may include, but is not limited to all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, lighting, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time, visual inspection process and procedures, GPS location recording, reporting by device, annual reporting, visual inspection for functionality, vegetated as designed, irrigation is complete and in working order, noting any of the following: any deficiencies, erosion, trash, silt, sediment, structural deficiencies.

Maintenance is inclusive of repair or replacing any of the items noted a s deficient or needing to be corrected to not be deficient. Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of goods and services.

Park

 Park maintenance to be financed, including maintenance of landscaping and park facilities.

Park facilities may include, but is not limited to, play structures, public gathering spaces, multi-purpose tables and shade structures, signage and lighting, trash and recycling receptacles, and related facilities specifically identified within the CFD. The landscape maintenance may include, but is not limited to, all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, electricity, repair/replacement and inspection.

Stormwater Facilities

 Maintenance, administration and inspection of the stormwater facilities and BMPs including water quality basins and any other NPDES/WQMP/BMP related devices. The maintenance may include, but is not limited to all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, lighting, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time, visual inspection process and procedures, GPS location recording, reporting by device, annual reporting, visual inspection for functionality, vegetated as designed, irrigation is complete and in working order, noting any of the following: any deficiencies, erosion, trash, silt, sediment, structural deficiencies.

Maintenance is inclusive of repair or replacing any of the items noted as deficient or needing to be corrected to not be deficient. Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of goods and services.

Page 41 of 79 ends

14.A

Page 661 of 1197 ends

3 Graffiti Abatement

 Litter and graffiti removal on soundwalls and other amenities, plus normal painting as required, within the CFD.

Incidentals

 All other services necessary or useful for, or in connection with, the authorized services listed above, including building a reserve fund for replacement.

The services listed herein are representative of the types of services authorized to be financed by Community Facilities District No. 2023-01 (Morgan Crossing ). Detailed scope and limits of specific projects will be determined as appropriate , consistent with the standard s of the City of Hemet. Addition, deletion or modification of descriptions of the services may be made consistent with the requirements of the City Council of the City of Hemet, the Community Facilities District No. 2023-01 (Morgan Crossing), and the Act.

Based upon the above, it is my opinion that the services being funded are those that are necessary to meet certain increased demands placed upon the City of Hemet , as a result of development occurring within the boundaries of the CFD.

Dated this 13th of June 2023.

Harris & Associates

___________________________
Special Tax Consultant
CFD 2023-01 (Morgan Crossing)
City of Hemet
County of Riverside
State of California

Page 42 of 79 ends

14.A

Page 662 of 1197 ends

4 C. Cost Estimate

1. The cost estimate, including incidental expenses, is approximately $ 162,523 annually for Special Tax A and $ 40,541 for Special Tax B. The Maximum Special Taxes within the CFD have been established to pay for these services up to $1,083.00 for Special Tax A and $270.00 for Special Tax B, per taxable unit per year for Single Family Residential Property, $758.00 for Special Tax A and $ 189.00 for Special Tax B, per taxable unit per year for Condominium Residential Property and $6,814.00 for Special Tax A and $ 1,700.00 for Special Tax B, per acre per year for Multifamily Residential, Non-Residential Property and Undeveloped (as defined in the Rate and Method of Apportionment attached in Appendix A). These amounts shall be increased annual ly based upon the percentage change in the Consumer Price Index, with a maximum annual increase of six percent (6%) and a minimum increase of two percent (2%) of the Maximum Special Tax in effect in the previous Fiscal Year.

2. Pursuant to Section 53340 of the Act, the proceeds of any special tax levied and collected by CFD No. 2023-01 (Morgan Crossing) may be used only to pay for the cost of providing services and incidental expenses. As defined by the Act, incidental expenses include, but are not limited to, the annual costs associated with determination of the amount of special taxes, collection of special taxes, payment of special taxes, or costs otherwise incurred in order to carry out the authorized purposes of the communit y facilities district. The incidental expenses associated with the annual administration of CFD No. 2023-01 (Morgan Crossing) are initially estimated to be $ 15,000. This amount shall be increased based upon the percentage change in the Consumer Price Inde x, with a maximum annual increase of six percent (6%) and a minimum increase of two percent (2%) of the Maximum Special Tax in effect in the previous Fiscal Year.

3. The cost of the services shall include incidental expenses, including costs associated with formation of the CFD, determination of the amount of the special tax, collection of the special tax, payment of the special tax, costs incurred in order to carry out the authorized purposes of the CFD, and the costs of engineering, inspecting, coordinating, completing, planning and designing the services, including the costs of environmental evaluations.

The following incidental expenses are examples of those that m ay be incurred in the formation of the CFD:

▪ Engineering services,
▪ Publishing, mailing and posting of notices,
▪ Governmental notification and filing costs,
▪ Election costs, and
▪ Charges and fees of the City of Hemet other than those waived.

The following inci dental expenses are examples of those that may be i ncurred in each annual special tax levy:

Page 43 of 79 ends

14.A

Page 663 of 1197 ends

5 ▪ Necessary consultant costs,
▪ Costs of posting and collecting the special taxes, and ▪ Administrative costs of the City of Hemet related to each annual special tax levy.

Dated this 13th of June 2023.

Harris & Associates

___________________________
Special Tax Consultant
CFD 2023-01 (Morgan Crossing)
City of Hemet
County of Riverside
State of California

Page 44 of 79 ends

14.A

Page 664 of 1197 ends

6 D. Rate and Method of Apportionment of Special Tax

1. The Rate and Method of Apportionment of the special tax is attached hereto as Appendix A (Rate and Method). The special tax will be collected in the same manner and at the same time as ad valorem property taxes and subject to the same penalties and provisions ; however, the special tax may be collected at a different time or in a different manner , if necessary, for CFD No. 2023-01 (Morgan Crossing) to meet its financial obligations as permitted by the Act.

2. Maintenance of the Special Tax B Improvements shall be the responsibility of the Property Owner’s Association as long as the Special Tax B Improvements are being maintained to a standard acceptable to the City. Special Tax B shall not be levied in any year the City determines that the Spe cial Tax B Improvements have been maintained to a standard acceptable to the City. Special Tax B shall begin to be levied in the first year in which the City determines that the Special Tax B Improvements, have not been maintained to a standard acceptable to the City of Hemet. The City shall not levy Special Tax B without first giving notice to the Property Owner’s Association specifying the maintenance deficiency related to the Special Tax B Improvements and allowing a sufficient period for curing such deficiency.

2. All the property located within CFD No. 2023-01 (Morgan Crossing), unless exempt by law or by the Rate and Method of Apportionment of the special tax proposed for CFD No. 2023-01 (Morgan Crossing), shall be taxed for the purpose of providing necessary services to the CFD. 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 t ax may be based on benefit received by property, the cost of maintaining facilities or authorized services available or other reasonable basis as determined by the Council, although the special t ax may not be apportioned on an ad valorem basis pursuant to Article XIII A of the California Constitution.

3. In order to establish the special tax for the CFD, Harris & Associates has relied upon information including, but not limited to: building square footage, net taxable acreage, land use type, types of services, square footage of service areas, street light parameters, groundcover, shrubs, and trees, and plant material expected to be included within the CFD, and estimated costs to maintain which were provided to Harris & Associates by developers, City of Hemet, County of Riverside, and others. Harris & Associates has not independently verified such data and dis claims responsibility for the impact of inaccurate data provided by others, if any, on the Rate and Method of Apportionment for CFD No. 2023-01 (Morgan Crossing), including the inability to meet the financial obligations of the CFD.

Page 45 of 79 ends

14.A

Page 665 of 1197 ends

7 It is my opinion that the special tax rate and method of apportionment, as above set forth, is fair and reasonable.

Dated this 13th of June 2023.

Harris & Associates

___________________________
Special Tax Consultant
CFD 2023-01 (Morgan Crossing)
City of Hemet
County of Riverside
State of California

Page 46 of 79 ends

14.A

Page 666 of 1197 ends

8 E. Proposed Boundaries

CFD No. 2023-01 (Morgan Crossing) is located in the City of Hemet roughly bounded by Stetson Avenue, South Cawston Avenue, West Thornton Avenue, and Warren Road . CFD No. 2023-01 (Morgan Crossing) encompasses the congruent areas of Special Tax Area A and Special Tax Area B and is projected to contain 150 single-family parcels totaling 23.85 net acres at build-out. The CFD is currently composed of 6 parcels totaling 45.61 gross acres . In addition, the planned community will include 4 parks, detention basins , drainage channel and appurtenant drainage improvements.

The proposed boundaries of the CFD are those properties and parcels for which special taxes may be levied to pay for the costs and expenses of the services described above . The proposed CFD boundaries as of the date of this Report include the following assessor parcel number(s):

460-010-008
460-010-009
460-010-010
460-010-011
460-020-005
460-020-006

A reduced scale map showing the boundaries of the CFD is provided as Appendix B. A full-scale map is on file with the City Clerk of the City of Hemet and was recorded with Riverside County Recorder’s Office in Book ___ of Maps of Assessment and Community Facilities Districts at Page ___ on __________ ____, 2023. Document No. 2023-________.

Page 47 of 79 ends

14.A

Page 667 of 1197 ends

APPENDIX A

RATE AND METHOD OF APPORTIONMENT

OF SPECIAL TAXES FOR
CFD 2023-01 (MORGAN CROSSING)

Page 48 of 79 ends

14.A

Page 668 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2023-01 (MORGAN CROSSING)

OF THE CITY OF HEMET, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

A Special Tax (all capitalized terms are defined in Section A., “Definitions”, below) shall be applicable to each Parcel of Taxable Property located within the boundaries of Community Facilities District No. 2023-01 (Morgan Crossing) (the CFD). The amount of Special Tax to be levied on a Parcel in each Fisc al Year, commencing in Fiscal Year 2023-2024, shall be determined by the City Council of the City of Hemet, acting in its capacity as the legislative body of the CFD by applying the appropriate Special Tax as set forth in Sections B, C and D, below. All of the real property within the CFD, unless exempted by law or by the provisions of Section E. below, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. DEFINITIONS

The terms hereinafter set forth have the following meanings:

“Acre or Acreage ” means the l and area of a Parcel as indicated on the most recent Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the lan d area shown on the applicable Final M ap, condominium plan, other recorded County map , or the land area calculated to the reasonable satisfaction of the Administrator using the boundaries set forth on such map or plan.

“Act” means the Mello -Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (Sections 53311 - 53368).

“Administrative Expenses” means all actual or reasonably e stimated costs and expenses of the CFD that are chargeable or allocable to carry out duties of the CFD as allowed by the Act . This may include, without limitation, all costs and expenses arising out of or resulting from the annual levy and collection of the Special Tax (whether by the City, the Administrator or both), any litigation or appeal involving the CFD, and other administrative expenses of the City or Administrator directly related to the CFD .

Administrative Expenses shall also include amount s estimated or advanced by the City or CFD for attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure as a result of delinquent Special Taxes.

“Administrator” means an official of the City, or designee thereof, responsible for determining the annual amount of the levy and collection of the Special Taxes.

“Approved Property” means all Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to January 1st preceding the Fiscal Year in which the Special Tax is being levied; and (ii) that have not been issued a Building Permit prior to the April 1st preceding the Fiscal Year in which the Special Tax is being levied.

Page 49 of 79 ends

14.A

Page 669 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 2
“Assessor” means the Assessor of the County.

“Assessor’s P arcel Map” means an official map of the Assessor of the County designating Parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means the number assigned to a lot or Parcel for purposes of identification as determined from an Assessor Parcel Map or the applicable assessment roll.

“Base Year” means the Fiscal Year ending June 30, 2023. Rates in this Rate and Method of Apportionment are based on FY 2022-23 costs which will be escalated beginning in FY 2023-24.

“Boundary Map” means a recorded map of the CFD that indicates by a boundary line the extent of the territory identified to be subject to the levy of Special Taxes.

"Building Permit" means the first legal document issued by a local agency giving official permission for new construction. For purposes of this definition, "Building Permit" shall not include any subsequent Building Permits issued or changed after the first issuance.

“Capital Replacement” means to repair or replace improvements being maintained by the CFD.

“CFD” means Community Facilities District No. 2023-01 (Morgan Crossing) of the City of Hemet.

“City” means the City of Hemet, California

“Condominium Residential Property” means a Developed Parcel with an approved land use for residential condominiums (two or more attached units which can each be owned individually). Parcels that are open space, recreation, clubhouse, etc ., owned by a condominium association, homeowner’s association or p roperty owner’s association, are Exempt Property.

“Consumer Price Index” or “CPI” means the Consumer Price Index published by the U.S. Bureau of Labor Statistic for “All Urban Consumers” in the Riversid e-San Bernardino-Ontario area.

“Consumer Price Index Inflation Factor ” means, for any Fiscal Year, the annual change in the Consumer Price Index which shall be measured from the month of March in the Calendar Year that ends in the previous Fiscal Year to the month of March preceding the Fiscal Year. The Maximum Special Tax Rates in Table 1 and Table 2 shall be increased by the amount of the Consumer Price Index Inflation Factor, with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) of the Maximum Special Tax Rates in effect for the previous Fiscal Year. In the event this index ceases to be published, the Consumer Price Index shall be another index as

Page 50 of 79 ends

14.A

Page 670 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 3
determined by the Administrator that is reasonably comparable to the Consumer Price Index for the Riverside-San Bernardino-Ontario Area.

“Council” means the City Council of the City acting as the legislative body of the CFD.

“County” means the County of Riverside, California.

“Developed Property” means all Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to January 1 st preceding the Fiscal Year in which the Special Tax is being levied; and (ii) for which a Building Permit for new construction has been issued prior to April 1st preceding the Fiscal Year in which the Special Tax is being levied.

“Dwelling Unit” or “(D/U)” means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Exempt Property” means any Parcel that is exempt from Special Taxes pursuant to Section E., below.

“Final Map” means a subdivision of property by recordation of a Assessor’s Parcel Map or lot line adjustment, 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 without further subdivision.

“Fiscal Year” means the 12-month period starting on July 1 of any calendar year and ending the following June 30.

“Land Use Class” means any of the classes listed in Table 1 of Section C., below.

“Maximum Special Tax” means, for each Parcel in each Fiscal Year, the greatest Special Tax amount, determined in accordance with Section C., below, that may be levied on such Parcel in such Fiscal Year.

“Maximum Special Tax Rate (s)” means, for each Fiscal Year, the greatest Special Tax rate, determined in accordance with Section C., below, that may be levied on a Parcel in such Fiscal Year.

“Mixed Use Property” means all Parcels of Developed Property with more than one land use including residential, commercial, retail or other land uses.

“Multifamily Residential Property” means all Parcels of Developed Property that consists of a building or buildings comprised of attached Dwelling Units available for rental by the general public, not for sale to an end user, and under common management.

Page 51 of 79 ends

14.A

Page 671 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 4
“Non-Residential Property” means all Parcels of Developed Property for which a Building Permit was issued, permitting the construction of one or more commercial, retail or other types of structure other than a residential structure.

“Operating Reserves” means cash reserves to fund the Special Tax Requirement in the event of cash flow shortages or unexpected increases in operating, repair and maintenance costs (excluding capital improvements).

“Parcel(s)” means a lot or parcel within the CFD shown on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number valid as of July 1 st for the Fiscal Year for which the Special Tax is being levied.

“Property Owner’s Association Property” means all Parcels that have been conveyed, dedicated to, or irrevocably offered for dedication to a property owner association, including any master or sub-association, prior to April 1 preceding the Fiscal Year in which the Special Tax is being levied. The Special Tax shall not be levied on Property Owner’s Association Property. If any Property Owner’s Association Property is converted to Taxable Proper ty as the result of a sale of an Exempt Parcel to a private owner for residential or non-residential development, it shall become subject to the Special Tax in accordance with this Rate and Method of Apportionment as determined pursuant to Sections C. and D.

“Proportionately” means for Parcels of Taxable Property that are (i) Developed Property, the ratio of the applied Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property; (ii) Approved Property, the ratio of the applied Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property; and (iii) Undeveloped Property, Public Property or Property Owner’s Association Property, the ratios of the applied Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Parcels of Undeveloped Property, Public Property and Property Owner’s Association Property.

“Public Property” means all Parcels which, as of April 1st preceding the Fiscal Year in which the Special Tax is being levied, are (i) used for rights-of-way or any other purpose and is owned by, dedicated to, or irrevocably offered for dedication to the federal government, the State, the County, City or any other public agency, provided, however, that any property leased by a public agency to a private entity and subject to taxation under Section 53340.1 of the Act shall be taxed and classified according to its use; or (ii) encumbered by an unmanned utility easement making impractical its utilization for other than the purpose set forth in the easement.

“Residential Property” means all Parcels of Developed Property for which a Building Permit has been issued permitting the construction of one or more residential Dwelling Units.

“Single Family Residential Property” means all Parcels of Residential Property, other than Condominium Residential Property and Multifamily Residential Property.

Page 52 of 79 ends

14.A

Page 672 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 5
“Special Tax(es)” means the Special Tax A or Special Tax B to be levied in each Fiscal Year on each Parcel of Taxable Property in accordance with Section D.

“Special Tax A” means the special tax to be levied in each Fiscal Year on each Parcel of Taxable Property in accordance with Section D.1 to f und the Special Tax A Requirement.

“Special Tax Area A” means the parcels comprising Special Tax Area A as depicted and defined in the Boundary Map.

“Special Tax A Requirement” means for each Fiscal Year, th e Special Tax A amount required to: (i) pay the estimated cost of Special Tax A Services for such Fiscal Year as determined by the Cit y; (ii) fund the Special Tax A Reserve Fund in an amount not to exceed 20% of the Special Tax A Reserve Fund Requirement ; (iii) pay Admin istrative Expenses; (iv) pay for an actual or anticipated shortfall due to Special Tax A delinquencies in the current or prior Fiscal Year; and (v) provide a credit for funds that are available to reduce the annual Special Tax A levy, if any, as determined by the Administrator.

“Special Tax A Reserve Fund” means a fund to be used for Capital Replacement and Operating Reserves related to the Special Tax A Services.

“Special Tax A Reserve Fund Requirement” equals $325,045 in the Base Year. The Special Tax A Reserve Fund Requirement shall be increased annually, commencing July 1, 2023, based on the percentage increase in the Consumer Price Index with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) of the amount in effect in the previous Fiscal Year.

“Special Tax A Services” means: (i) Street light maintenance including energy charges, operation, maintenance, and administrative costs of streetlights within the CFD ; (ii) the area known as Lot L on Tract Map 35392, including landscape maintenance (iii) landscape maintenance in the City right-of-way, or easement, to be financed, including streetscape, hardscape, pathways, access roads, slopes, and open space areas but excluding those areas/devices specifically identified in Special Tax B Services ; and (iv) stormwater facilities and BMPs , i ncluding Lots A and O of Tract Map 35392 . BMP maintenance means m aintenance, administration and inspection of the stormwater facilities and BMPs including open space areas, and any other NPDES/WQMP/BMP related devices. BMP and landscape maintenance may include, but is not limited , to all landscaping materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, street lights, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time, visual inspection process and procedures, GPS location recording, reporting by device, annual reporting; visual inspection for functionality, vegetated as designed, irrigation is complete and in working order, noting any of the following: deficiencies, erosion, trash, silt, sediment, structural deficiencies. Maintenance is inclusive of repair or r eplacing any of the items noted as deficient or needing to be corrected to not be deficient.

Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of

Page 53 of 79 ends

14.A

Page 673 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 6
goods and services; (iv) Litter and graffiti removal on soundwalls and other amenities and normal painting as required; and (iv) Other services as authorized under the Act.

“Special Tax B” means the special tax t hat may be levied on each Parcel of Taxable Property in accordance with Section D. 2 to fund the Special Tax B Requirement.

Maintenance of the Special Tax B Improvements shall be the responsibility of the Property Owner’s Association as long as the Special Tax B Improvements are being maintained to a standard acceptable to the City. Special Tax B shall not be levied in any year the City determines that the Special Tax B I mprovements have been maintained to a standard acceptable to the City. Special Tax B shall begin to be levied in the first year in which the City determines that the Special Tax B Improvements, have not been maintained to a standard acceptable to the City. The City shall not levy Special Tax B without first giving notice to the Property Owner’s Association specifying the maintenance deficiency related to the Special Tax B Improvements and allowing a sufficient period, as determined by the City, for curing such deficiency.

“Special Tax Area B” means the parcels comprising Special Tax Area B as depicted and defined in the Boundary Map.

“Special Tax B Improvements” means the improvements that are maintained and operated as described in Special Tax B Services.

“Special Tax B Requirement” means for each Fiscal Year, the Special Tax B amount required to: (i) pay the estimated cost of Special Tax B Services for such Fiscal Year as determined by the Cit y; (ii) fund the Special Tax B Reserve Fund in an amount not to exceed 20% of the Special Tax B Reserve Fund Requirement ; (iii) pay Administrative Expenses related to Special Tax B Services; (iv) pay for the actual or anticipated shortfall due to Special Tax B delinquencies in the current or prior Fiscal Year; and (v) provide a credit for funds that are available to reduce the annual Special Tax B levy, if any, as determined by the Administrator. Special Tax B Reserve Fund shall not be funded unless it is determined Special Tax B Services are required.

“Special Tax B Reserve Fund” means a fund to be used for Capital Replacement and Operating Reserves related to the Special Tax B Services.

“Special Tax B Reserve Fund Requirement” equals $81,083 in the Base Year. The Special Tax B Reserve Fund Requirement shall be increased annually, commencing July 1, 2023, based on the percentage increase in the Consumer Price Index with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) of the amount in effect in the previous Fiscal Year.

“Special Tax B Services” means maintenance of (i) The area known as Lot E on Tract Map 35392, including landscape maintenance and (ii) Maintenance of four parks (Lot B, C, F J, and K of Tract Map 35392) including play structures and other park facilities and equipment; (iii) Entry monuments (iv) Litter and graffiti removal on soundwalls and other amenities and normal painting as required; and (v) Other services as authorized under the Act. Landscape maintenance may include, but is not limited to , all landscaping

Page 54 of 79 ends

14.A

Page 674 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 7
materials such as turf, ground cover, shrub, trees, plants, irrigation and drainage systems, weed control and other abatements, street lights, electricity, repair/replacement and inspection. Inspection is inclusive of scheduling, travel time ; visual inspection processes and procedures, GPS location recording, reporting by device, annual reporting, visual inspection for functionality, vegetated as designed, ir rigation is complete and in working order, noting any of the following: deficiencies, erosion, trash, silt, sediment, structural deficiencies. Maintenance is inclusive of repair or replacing any of the items noted as deficient or needing to be corrected to not be deficient. Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of goods and services.

“State” means the State of California.

“Taxable Property” means all Parcels within the boundary of the CFD , inclusive of Special Tax Area A and Special Tax Area B pursuant to the Boundary Map that are not exempt from the Special Tax pursuant to Section E., below.

“Taxable Unit” means either a Dwelling Unit or an Acre, as shown in Table 1 or Table 2 of Section C.

“Undeveloped Property” means all Parcels of Taxable Property not classified as Developed Property, Approved Property, Public Property , or Property Owner’s Association Property.

B. ASSIGNMENT TO LAND USE CLASS

For e ach Fiscal Year, commencing Fiscal Year 202 3-2024, all Parcels of Taxable Property shall be classified as either Developed Property, Approved Property, Undeveloped Property, Public Property , or Property Owner’s Association Property ; and subject to the levy of Special Taxes in accordance with this Rate an d Method of Apportionment as determined pursuant to Sections C. and D.

Parcels of Developed Property shall further be classified as Residential Property or Non- Residential Property. Parcels of Residential Property shall further be classified as Single Family Residential Property, Condominium Residential Property or Multifamily Residential Property.

C. MAXIMUM SPECIAL TAX RATES

For each Fiscal Year commencing Fiscal Year 2023-2024, Maximum Special Tax Rates shall be determined as described below.

Page 55 of 79 ends

14.A

Page 675 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 8

1. Developed Property

The Maximum Special Tax Rate that may be levied on each Parcel classified as Developed Property shall be determined by reference to Table 1 below. Maximum Special Tax Rates are subject to annual escalation in accordance with Section C. 5.

TABLE 1
Maximum Special Tax Rates for Developed Property
Fiscal Year 2022-20231

Land Use
Class Description
Taxable
Unit
Maximum
Special Tax A
Per Taxable Unit
Maximum
Special Tax B
Per Taxable Unit
1 Single Family Residential Property D/U $1,083 $270
2 Condominium Residential Property D/U $758 $189
3 Multifamily Residential Property Acre $6,814 $1,700
4 Non-Residential Property Acre $6,814 $1,700
1 Max Rates are based on FY 2022-23 costs and will be increased by the Consumer Price Index Inflation Factor for the first levy in FY 2023-24.

Mixed Use Property

The Maximum Special Tax that may be levied on a Parcel of Mixed Use Property shall be the sum of the Maximum Special Tax for each of the Parcels land uses based on Table 1. The Maximum Special Tax Rate for Single Family Residential Property shall apply to any Dwelling Units on the property. The Maximum Special Tax Rate for Acreage shall apply to the other land uses on the property, with Acreage for each land use determined by reference to the approved site plan for such Parcel. Maximum Special Tax Rates are subject to annual escalation in accordance with Section C. 5.

2. Approved Property

In determining the Maximum Special Tax for each Parcel of Approved Property , the Undeveloped Property Maximum Special Tax Rate from Table 1 times the Acreage of such Parcel shall be applied ; provided, however, that for a Parcel of Approved Property that is expected to become Single Family Residential Property, as reasonably determined by the Administrator based on the Final Map for such Parcel, the Maximum Special Tax for such Parcel of Appr oved Property shall be calculated utilizing Table 1 as if such Parcel were already designated as Single Family

Page 56 of 79 ends

14.A

Page 676 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 9
Residential Property. Maximum Special Tax Rates are subject to annual escalation in accordance with Section C. 5.

3. Undeveloped Property

The Maximum Special Tax Rate that may be levied on each Parcel of Undeveloped Property shall be determined by reference to Table 2 below. Maximum Special Tax Rates are subject to annual escalation in accordance with Section C. 5.

TABLE 2
Maximum Special Tax Rates for Undeveloped Property
Fiscal Year 2022-20231

Maximum Special Tax A
Per Acre
Maximum Special Tax B
Per Acre
$6,814 $1,700

1 Max Rates are based on FY 2022-23 costs and will be increased by the Consumer Price Index Inflation Factor for the first levy in FY 2023-24.

4. Taxable Public Property and Property Owner’s Association Property

The Maximum Special Tax Rate that may be levied on each Parcel of Taxable Public Property or Taxable Property Owners Association Property shall be equal to the product of the applicable Undeveloped Property Maximum Special Tax Rates shown in Table 2 multiplied by the Acreage of such Parcel. Maximum Special Tax Rates are subject to annual escalation in accordance with Section C. 5.

5. Annual Maximum Special Tax Rate Increase

The Maximum Special Tax Rates in Table 1 and Table 2, shall be increased by the amount of the Consumer Price Index Inflation Factor, with a maximum annual increase of six percent (6%) and a minimum annual increase of two percent (2%) of the Maximum Special Tax Rates in effect for the previous Fiscal Year.

D. METHOD OF APPORTIONMENT OF THE SPECIAL TAX

1. Special Tax A

Commencing with Fiscal Year 2023-2024 and for each following Fiscal Year, the Administrator shall levy Special Tax A on all Taxable Property within Special Tax Area A up to the amount of the Special Tax A Requirement in accordance with the following steps:

Page 57 of 79 ends

14.A

Page 677 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 10
First: The Special Tax A shall be levied Proportionately on each Parcel of Developed Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax A Requirement; then

Second: If additional moneys are needed to satisfy the Special Tax A Requirement after the first step has been completed, Special Tax A shall be levied Proportionately on each Parcel of Approved Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax A Requirement; then

Third: If additional moneys are needed to satisfy the Special Tax A Requirement after the first two steps have been completed, Special Tax A shall be levied Proportionately on each Parcel of Undeveloped Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax A Requirement.

2. Special Tax B

Commencing with Fiscal Year 2023-2024 and for each following Fiscal Year, the Administrator may levy Special Tax B on all Taxable Property within Special Tax Area B up to the amount of the Special Tax B Requirement in accordance with the following steps:

First: If levied, Special Tax B shall be levied Proportionately on each Parcel of Developed Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax B Requirement; then

Second: If additional moneys are needed to satisfy the Special Tax B Requirement after the first step has been completed, Special Tax B shall be levied Proportionately on each Parcel of Approved Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax B Requirement; then

Third: If additional moneys are needed to satisfy the Special Tax B Requirement after the first two steps have been completed, Special Tax B shall be levied Proportionately on each Parcel of Undeveloped Property at up to 100% of the applicable Maximum Special Tax for each Parcel as needed to satisfy the Special Tax B Requirement.

Notwithstanding the above, under no circumstances will the Special Tax be levied in any Fiscal Year against any Parcel of Residential Property for which a Building Permit has been issued be increased by more than ten percent (10%) as a result of a delinquency in the payment of the Special Tax applicable to any other Parcel above the amount that would have been levied in that Fiscal Year had there never been any such delinquency or default.

Page 58 of 79 ends

14.A

Page 678 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 11
E. EXEMPTIONS

The Special Tax shall not be levied on Public Property or Property Owner’s Association Property. If any Public Property or Property Owner’s Association Property is converted to Taxable Property as the result of a sale of an Exempt Parcel to a private owner for residential or non-residential development, it shall become subject to the Special Tax in accordance with this Rate and Method of Apportionment as determined pursuant to Sections C. and D.

F. MANNER OF COLLECTION

The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes and shall be subject to the same penalties, the same procedure, sale and lien priority in the case of delinquency; provided, however, that the Administrator may directly bill the Special Tax or may collect the Special Tax at a different time or in a different manner if necessary to meet the financial obligations of the CFD, and provided further that the CFD may covenant to foreclose and may actually foreclose on Parcels having delinquent Special Taxes as permitted by the Act.

G. APPEALS

Any taxpayer may file a written appeal of the Special Tax on their Parcel(s) with the Administrator, provided that the appellant is current in their payments of Special Taxes.

During pendency of an appeal, all Special Taxes must be paid on or before the payment due date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Tax is in error. The Administrator shall review the appeal, meet with the appellant if the Administrator deems necessary, and advise the appellant of its determination. If the Administrator agrees with the appellant, the Administrator shall grant a credit to eliminate or reduce future Special Taxes on the appellant’s Parcel(s). No refunds of previously paid Special Taxes shall be made.

The Administrator shall interpret this Rate and Method of App ortionment and make determinations relative to the annual levy and administration of the Special Tax and any taxpayer who appeals, as herein specified.

H. TERM OF THE SPECIAL TAX

The Special Tax may not be prepaid . The Special Tax shall be levied annuall y in perpetuity unless terminated earlier by the City.

Page 59 of 79 ends

14.A

Page 679 of 1197 ends

APPENDIX B

BOUNDARY MAP FOR
CFD 2023-01 (MORGAN CROSSING)

Page 60 of 79 ends

14.A

Page 680 of 1197 ends

Page 61 of 79 ends

14.A

Page 681 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Ordinance No. XXX
-1-

CITY OF HEMET
Hemet, California
ORDINANCE NO. _____

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

HEMET, CALIFORNIA ACTING IN ITS CAPACITY AS THE

LEGISLATIVE BODY OF CITY OF HEMET COMMUNITY
FACILITIES DISTRICT NO. 2023-01 (MORGAN

CROSSING) AUTHORIZING THE LEVY OF A SPECIAL

TAX THEREIN
WHEREAS, the City Council of the City of Hemet (the “City Council”), has previously adopted Resolution No. 2023-076 entitled “A Resolution of Intention of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) and to Authorize the Levy of a Special Tax within City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing)” (the “Resolution of Intention”), stating its intention to conduct proceedings to form City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) (the “CFD”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, commencing with Section 53311 of the California Government Code (the “Act”) to finance certain services (the “Services”) including incidental expenses, to serve the CFD; and
WHEREAS, the Resolution of Intention set June 13, 2023, at 7:00 p.m., or as soon thereafter as practical, as the date of a public hearing on all matters pertaining to the formation of the CFD, the extent of the CFD, the furnishing of Services to serve the CFD, and the proposed rate and method of apportionment of the special tax within the CFD (the “Rate and Method”); and
WHEREAS, a notice of public hearing was published and sent to all landowners proposed to be included in the CFD in accordance with the Act; and WHEREAS, at the public hearing, evidence was presented to the City Council on such matters before it, including a special report (the “Report”) describing the services necessary to adequately meet the needs of the CFD and the estimated costs of financing such Services as required by Section 53321.5 of the Act; and WHEREAS, at the public hearing, all persons desiring to be heard on all matters pertaining to the formation of the CFD, the extent of the CFD, the furnishing of Services to serve the CFD, and the Rate and Method were heard and a full and fair hearing was held; and
WHEREAS, subsequent to the public hearing, the City Council adopted a

Page 62 of 79 ends

14.A

Page 682 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Ordinance No. XXX
-2-
resolution entitled “Resolution of Formation of the City Council of the City of Hemet, California, to Establish City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing), to Establish an Appropriations Limit therefor, to Authorize the Submittal of the Levy of Special Taxes, and to Submit the Establishment of an Appropriations Limit, to the Qualified Electors of such Community Facilities District” (the “Resolution of Formation”) which established the CFD and authorized the levy of a special tax within the CFD; and
WHEREAS, subsequent to the public hearing, the City Council also adopted a resolution entitled “Resolution of the City Council of the City of Hemet, California, Calling a Special Election and Submitting to the Qualified Electors of City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) Propositions Regarding the Establishment of an Appropriations Limit and the Annual Levy of a Special Tax Within the Community Facilities District” (the “Resolution Calling Election”) which called a special election of the qualified electors within the CFD; and WHEREAS, pursuant to the terms of the Resolution Calling Election, an election was held in which qualified electors of the CFD approved the establishment of an appropriations limit for the CFD and the levy of a special tax (the “Special Tax”) within the CFD; and
WHEREAS, on June 13, 2023, the City Council adopted a resolution entitled “Resolution of the City Council of the City of Hemet, California, Declaring the Results of a Special Election in the City of Hemet Community Facilities District No. 2023-01 (Morgan Crossing) and Directing the Recording of a Notice of Special Tax Lien” (the “Resolution Declaring Results of Election”) which certified the results of the June 13, 2023 election conducted by the City Clerk, which results showed that more than two- thirds of the votes cast in the CFD were in favor of the proposition to levy the Special Tax and the proposition to establish an appropriations limit for the CFD;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET DOES HEREBY ORDAIN AS FOLLOWS:

1. Recitals. The above recitals are all true and correct.

2. Authorization of the Levy of a Special Tax. By the passage of this Ordinance, the City Council authorizes the levy of the Special Tax in the CFD in accordance with the Rate and Method set forth in the Exhibit “B” to the Resolution of Formation, which is on file in the office of the City Clerk and incorporated by reference herein.

3. Annual Rate Determination. The City Council is hereby further authorized to determine on or before August 10 each year, or such other date as is established by law or by the County Auditor-Controller of the County of Riverside, the specific Special Tax to be levied on each parcel of land in the CFD, except that special taxes to be levied shall not exceed the maximum rates set forth in the Rate and Method, but the special tax may be levied at a lower rate.

4. Exempt Property. Except as provided in Section 53340.1 of the Act and except for properties that a local agency is a landowner of within the meaning of subdivision (f) of Section 53317 of the Act, pursuant to Section 53340 of the Act,

Page 63 of 79 ends

14.A

Page 683 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Ordinance No. XXX
-3-
properties of entities of the state, federal and local governments shall be exempt from the levy of the Special Tax. Reference is hereby made to the Rate and Method for a description of other properties or entities that are expressly exempted from the levy of the Special Tax.

5. Use of Collections. All of the collections of the Special Tax shall be used only as provided by the Act and in the Resolution of Formation. The Special Tax shall be levied only so long as needed for the purposes as described in the Resolution of Formation.

6. Collection. The Special tax shall be collected in the same manner as ordinary ad valorem taxes and shall be subject to the same penalties and the same procedure, sale and lien in any case of delinquency as applicable for ad valorem property taxes; provided, however, that the Special Tax may be collected by direct billing by the City of the property owners in the CFD or in such other manner as may be provided by the City Council. In addition, the provisions of Section 53356.1 of the Act shall apply to any delinquent Special Tax payments.

7. Authorization. The specific authorization for adoption of the Ordinance is Section 53340 of the Act.

8. Severability. If for any reason any portion of the Ordinance is found to be invalid, or if the Special Tax is found inapplicable for any particular parcel within the CFD, by a court of competent jurisdiction, the balance of this Ordinance, and the application of the Special Tax to the remaining parcels within the CFD shall not be affected.

9. Certification. The City Clerk shall certify the passage of this Ordinance and cause it to be published or posted in accordance with law.

SECTION 1: PUBLICATION.

The City Clerk is authorized and directed to cause this Ordinance to be published within fifteen (15) days after its passage in a newspaper of general circulation and circulated within the City in accordance with Government Code Section 36933(a) or, to cause this Ordinance to be published in the manner required by law using the alternative summary and pasting procedure authorized under Government Code Section 39633(c).

INTRODUCED at the regular meeting of Hemet City Council on June 13, 2023.

APPROVED AND ADOPTED this 13th day of June, 2023.
_________________________
Joe Males, Mayor

Page 64 of 79 ends

14.A

Page 684 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Ordinance No. XXX
-4-
ATTEST: APPROVED AS TO FORM:
_________________________ _________________________
John Maier, City Clerk Steven Graham
City Attorney

Page 65 of 79 ends

14.A

Page 685 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Ordinance No. XXX
-5-
State of California )
County of Riverside )
City of Hemet )
I, John Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing Ordinance was introduced and first read on the 13 th day of June 2023, and had its second reading at the regular meeting of the Hemet City Council on the day of _______ , 2023, and was passed by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:
_________________________________
John Maier, City Clerk

Page 66 of 79 ends

14.A

Page 686 of 1197 ends

Page 67 of 79 ends

14.A

Page 687 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2023-01 (MORGAN CROSSING)

OF THE CITY OF HEMET, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

A. DEFINITIONS

The terms hereinafter set forth have the following meanings:

“Administrator” means an official of the City, or designee thereof, responsible for determining the annual amount of the levy and collection of the Special Taxes.

Page 68 of 79 ends

14.A

Page 688 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 2
“Assessor” means the Assessor of the County.

“Assessor’s P arcel Map” means an official map of the Assessor of the County designating Parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means the number assigned to a lot or Parcel for purposes of identification as determined from an Assessor Parcel Map or the applicable assessment roll.

“Base Year” means the Fiscal Year ending June 30, 2023. Rates in this Rate and Method of Apportionment are based on FY 2022-23 costs which will be escalated beginning in FY 2023-24.

“Boundary Map” means a recorded map of the CFD that indicates by a boundary line the extent of the territory identified to be subject to the levy of Special Taxes.

“Capital Replacement” means to repair or replace improvements being maintained by the CFD.

“CFD” means Community Facilities District No. 2023-01 (Morgan Crossing) of the City of Hemet.

“City” means the City of Hemet, California

“Consumer Price Index” or “CPI” means the Consumer Price Index published by the U.S. Bureau of Labor Statistic for “All Urban Consumers” in the Riversid e-San Bernardino-Ontario area.

Page 69 of 79 ends

14.A

Page 689 of 1197 ends

“Council” means the City Council of the City acting as the legislative body of the CFD.

“County” means the County of Riverside, California.

“Dwelling Unit” or “(D/U)” means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Exempt Property” means any Parcel that is exempt from Special Taxes pursuant to Section E., below.

“Fiscal Year” means the 12-month period starting on July 1 of any calendar year and ending the following June 30.

“Land Use Class” means any of the classes listed in Table 1 of Section C., below.

“Maximum Special Tax Rate (s)” means, for each Fiscal Year, the greatest Special Tax rate, determined in accordance with Section C., below, that may be levied on a Parcel in such Fiscal Year.

“Mixed Use Property” means all Parcels of Developed Property with more than one land use including residential, commercial, retail or other land uses.

Page 70 of 79 ends

14.A

Page 690 of 1197 ends

“Residential Property” means all Parcels of Developed Property for which a Building Permit has been issued permitting the construction of one or more residential Dwelling Units.

“Single Family Residential Property” means all Parcels of Residential Property, other than Condominium Residential Property and Multifamily Residential Property.

Page 71 of 79 ends

14.A

Page 691 of 1197 ends

“Special Tax A” means the special tax to be levied in each Fiscal Year on each Parcel of Taxable Property in accordance with Section D.1 to f und the Special Tax A Requirement.

“Special Tax Area A” means the parcels comprising Special Tax Area A as depicted and defined in the Boundary Map.

“Special Tax A Reserve Fund” means a fund to be used for Capital Replacement and Operating Reserves related to the Special Tax A Services.

Administration is inclusive of quality assurance and control of inspection and maintenance, general contract administration, including phone calls and procurement of

Page 72 of 79 ends

14.A

Page 692 of 1197 ends

“Special Tax B” means the special tax t hat may be levied on each Parcel of Taxable Property in accordance with Section D. 2 to fund the Special Tax B Requirement.

“Special Tax Area B” means the parcels comprising Special Tax Area B as depicted and defined in the Boundary Map.

“Special Tax B Improvements” means the improvements that are maintained and operated as described in Special Tax B Services.

“Special Tax B Reserve Fund” means a fund to be used for Capital Replacement and Operating Reserves related to the Special Tax B Services.

Page 73 of 79 ends

14.A

Page 693 of 1197 ends

“State” means the State of California.

“Taxable Unit” means either a Dwelling Unit or an Acre, as shown in Table 1 or Table 2 of Section C.

“Undeveloped Property” means all Parcels of Taxable Property not classified as Developed Property, Approved Property, Public Property , or Property Owner’s Association Property.

B. ASSIGNMENT TO LAND USE CLASS

C. MAXIMUM SPECIAL TAX RATES

For each Fiscal Year commencing Fiscal Year 2023-2024, Maximum Special Tax Rates shall be determined as described below.

Page 74 of 79 ends

14.A

Page 694 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 8

1. Developed Property

TABLE 1
Maximum Special Tax Rates for Developed Property
Fiscal Year 2022-20231

Mixed Use Property

2. Approved Property

Page 75 of 79 ends

14.A

Page 695 of 1197 ends

3. Undeveloped Property

TABLE 2
Maximum Special Tax Rates for Undeveloped Property
Fiscal Year 2022-20231

Maximum Special Tax A
Per Acre
Maximum Special Tax B
Per Acre
$6,814 $1,700

1 Max Rates are based on FY 2022-23 costs and will be increased by the Consumer Price Index Inflation Factor for the first levy in FY 2023-24.

4. Taxable Public Property and Property Owner’s Association Property

5. Annual Maximum Special Tax Rate Increase

D. METHOD OF APPORTIONMENT OF THE SPECIAL TAX

1. Special Tax A

Page 76 of 79 ends

14.A

Page 696 of 1197 ends

2. Special Tax B

Page 77 of 79 ends

14.A

Page 697 of 1197 ends

City of Hemet
CFD No. 2023-01 (Morgan Crossing)
Rate and Method of Apportionment Page 11
E. EXEMPTIONS

F. MANNER OF COLLECTION

G. APPEALS

Any taxpayer may file a written appeal of the Special Tax on their Parcel(s) with the Administrator, provided that the appellant is current in their payments of Special Taxes.

H. TERM OF THE SPECIAL TAX

The Special Tax may not be prepaid . The Special Tax shall be levied annuall y in perpetuity unless terminated earlier by the City.

Page 78 of 79 ends

14.A

Page 698 of 1197 ends

40810 COUNTY CENTER DR.,SUITE 200TEMECULA, CA 92591PHONE: (951) 676-8042MBAKERINTL.COM s
V
V

V V V V
FH
ssFHsss
s
s
s
FH
FH
FH
s Vss
V
V V

V V V V
V V
V
VFH
FH
FH
s
V
sFHFHFH
FH

V V V V V

V V V
V
V
V V
s
V VFH
V V
V Vss
s
FH
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
XX
X
X
X
X
X
X
X
X

X X X X
X
X
X
X
X
X
X
X
X
X
X
X
XX
X
X
V

FH FH V V
X
V

Page 79 of 79 ends

14.A

Page 699 of 1197 ends

Page 700 of 1197 ends

City of Hemet
City Council Meeting

STAFF REPORT

Meeting: City Council Meeting - Jun 13 2023
Department: Public Works
Submitted by: Mark Prestwich, City Manager
Noah Rau, Public Works Director/City Engineer;

☐ Receive and File ☐ Consent Calendar ☐ Business Item ☒ Public Hearing

TITLE:

Public Hearing to Consider Authorizing the Annexation of Territory to Community Facilities District No. 2005-1 (Public Safety Services) as Annexation No. 22 and Authorizing the Submittal of the Levy of Special Taxes to the Qualified Electors of Such Commu nity Facility District; Calling a Special Election and Submitting to the Qualified Electors of Community Facilities District No. 2005 -1 (Public Safety Services) Propositions Regarding the Establishment of an Appropriations Limit and the Annual Levy of a Special Tax Within the Community Facilities District; Making Certain Findings, Certifying the Results of an Election, and Adding Property to Community Facilities District No. 2005 -1 (Public Safety Services), the Annexed Territory, Generally Located Between S tetson Avenue, South Cawston Avenue, West Thornton Avenue, and Warren Road.

RECOMMENDED ACTION:

It is respectfully recommended that the City Council:

1. Open the Public Hearing and take testimony, if any; and,

2. Adopt a Resolution of the City Council of t he City of Hemet, California, Authorizing Annexation of Territory to Community Facilities District No. 2005-01 (Public Safety Services) as Annexation No. 22 and Authorizing the Submittal of the Levy of Special Taxes to the Qualified Electors of such Community Facilities District; and,

3. Adopt a Resolution of the City Council of the City of Hemet, California, calling a special election and submitting to the Qualified Electors of City of Hemet Community Facilities District No. 2005- 01 (Public Safety Services) Propositions Regarding the Establishment of an Appropriations Limit and the Annual Levy of a Special Tax within the Community Facilities District; and

4. Adopt a Resolution of the City Council of the City of Hemet, California, Making Certain Findings, Certifying the Results of an Election and Adding Property to Community Facilities District No. 2005-01 (Public Safety Services).

BACKGROUND:

The State Legislature enacted the Mello -Roos Act of 1982 (the “Act”) to assist public agencies in financing certain public services. On September 27, 2005, the City Council passed Resolution No. 3949 to form CFD 2005 -1 (Public Safety Services) (“CFD”). On April 25, 2006, the City Council passed

Page 1 of 64 ends

14.B

Page 701 of 1197 ends

Resolution No. 4022, Resoluti on No. 4033 and on June 27, 2006, Resolution No. 4053 to authorize and designate the boundary for future annexations of territory to the CFD. This is proposed Annexation No. 22 to the CFD. The owner/developer, Pulte Home Company, LLC, a Michigan limited l iability company, requested that the City assist them in annexing territory into the existing CFD in order to cover the costs associated with public safety within the proposed annexation area in the form of police and fire protection services. Annexation No. 22 is currently composed of six undeveloped parcels. The territory to be annexed is to be known as Community Facilities District No. 2005 -1 (Public Safety Services) – Annexation No. 22 (“Annexation No. 22”), which consists of Tract 35392 which will be composed of 150 single-family residences, two basins and four parks at buildout.

ANALYSIS:

Approval of the attached Resolution is required under the Act to levy a special tax and fund certain services. The attached Resolution declares the City Council’s intention to annex Tract 35392 into Community Facilities District No. 2005-1 (Public Safety Services) as Annexation No. 22 and to authorize the levy of a special tax in accordance with an attached Rate and Method of Apportionment of Special Tax. The attached Resolution is the final step in forming Annexation No. 22 pursuant to the procedures prescribed by the Act, which include holding a public hearing and submitting the formation of the proposed Annexation No. 22 to the landowners at a special election to be conducted by mailed ballot.

The proposed annexation will have a Maximum Special Tax in t he amount of $494.14 (FY 2022-23 rate) per taxable unit per year for single family residential units, and a Maximum Special Tax of $398.62 (FY 2022-23 rate) per taxable unit per year for multi-family residential unit. These rates will increase by the percentage increase in the Consumer Price Index or three percent (3%), whichever is greater, of the Maximum Special Tax in effect in the previous fiscal year. The owners have filed a petition representing their willingness to move forward. If approved by the pr operty owners and City Council, the first year of levying the special tax will be FY 2023-24.

The City Council will hear any testimony concerning Annexation No. 22 and take action to adopt the three resolutions.

PREVIOUS COUNCIL ACTION:

• On August 23, 2005, the City Council considered and approved goals and policies concerning Community Facility Districts.
• On September 27, 2005 the City Council passed Resolution No. 3949 to form CFD 2005 -1 (Public Safety Services) and define the Future Annexation Area. • On April 25, 2006, the City Council passed Resolution No. 4022 and Resolution No. 4033 declaring its intent to allow future annexation and approving a map showing future annexation territory.
• On June 27, 2006, and Resolution No. 4053 to designate the boundary for future annexations of territory to the CFD.

STRATEGIC PLAN INTEGRATION:

GOAL ONE: QUALITY OF LIFE:

To ensure that Hemet is safe, clean, attractive and comfortable for all who live, work, and visit.

Objective 1: Enhance the visual appearance of the community to make it attractive and

Page 2 of 64 ends

14.B

Page 702 of 1197 ends

GOAL THREE: COMMUNITY ENGAGEMENT
To connect and participate in a constant dialogue between members of the community, City staff, and elected officials to promote togetherness and positivity.

Objective 3: Increase the community's pride within the City.

GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.

Objective 1: Operate in a financially sustainable manner.

FISCAL IMPACT:

The individual property owners are responsible for the annual payments of special taxes. The City will file the annual special tax to the County Auditor-Controller.

The property owners have posted a deposit with their application to form Annexation No. 22, in order to cover City costs incurred in connection with the annexation. Approval of this resolution does not in any way commit the City to any financial contributi on or liability by Annexation No. 22. The City’s cost to administer Annexation No. 22 annually will be reimbursed through the special taxes charged to property owners.

ALTERNATIVE(S):

1. Do not adopt the Resolution of Annexation or other resolutions assoc iated with this Public Hearing for City of Hemet Community Facilities District No. 2005-01 (Public Safety Services) as Annexation No. 22.

2. Provide alternate directions to staff.

REVIEWED BY LEGAL:

☒ Staff report ☒ Resolution
☐ Ordinance ☐ Agreement

ATTACHMENT(S):

Attachment 1_Resolution of Annexation No. 22_Morgan Crossing R1 Attachment 2_Resolution Calling a Special Election_Annexation No. 22_Morgan Crossing Attachment 3_Resolution Declaring Election Results_Annexation No. 22_Morgan Crossing Attachment 4_Boundary Map_CFD2005-1_Annexation No. 22_MorganCrossing Attachment 5_CFD 2005-01(Public Safety Services)_Rate and Method of Apportionment Attachment 6_Formation Resolution of Intention_No. 3945_CFD 2005-1_Morgan Crossing

Page 3 of 64 ends

14.B

Page 703 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-xxx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, AUTHORIZING THE

ANNEXATION OF TERRITORY TO COMMUNITY
FACILITIES DISTRICT NO. 2005-1 (PUBLIC SAFETY
SERVICES) AS ANNEXATION NO. 22 AND

AUTHORIZING THE SUBMITTAL OF THE LEVY OF

SPECIAL TAXES TO THE QUALIFIED ELECTORS OF

SUCH COMMUNITY FACILITIES DISTRICT
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, the City Council of the City of Hemet (“City Council”), on August 23, 2005, adopted Resolution No. 3945 “Resolution of the City Council of the City of Hemet, California, Declaring its Intention to Establish Community Facilities District No. 2005-1 and to Authorize the Levy of a Special Tax Therein to Finance Certain Services” (“Resolution of Intention”) stating its intention to form Community Facilities District No. 2005-1 (Public Safety Services) (“CFD No. 2005-1”) for the purpose of funding public safety services, pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”); and
WHEREAS, the City Council, on September 27, 2005, adopted Resolution No. 3949 “Resolution of the City Council of the City of Hemet of Formation of City of Hemet Community Facilities District No. 2005-1” (“Resolution of Formation”) establishing CFD No. 2005-1 and the annual levying of special taxes for the purpose of funding public safety services, pursuant to the Act; and

Page 4 of 64 ends

14.B

Page 704 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
WHEREAS, the City Council, on April 25, 2006, adopted Resolution No. 4022 “A Resolution of the City of Hemet Declaring Its Intention to Authorize the Future Annexation of Territory to Community Facilities District No. 2005-1 (Public Safety Services)” (Resolution of Intention of Future Annexation”) stating its intention to annex territory to CFD No. 2005-1, pursuant to the Act; and WHEREAS, the City Council, on April 25, 2006, adopted Resolution No. 4023 “Resolution of the City Council of the City of Hemet Adopting Boundary Map Showing Territory Proposed to be Annexed in the Future to Community Facilities District No. 2005-1 (Public Safety Services)” declaring a map showing the territory proposed to be annexed in the future to CFD No. 2005-1, said area to be designated as Community Facilities District No. 2005-1 (Public Safety Services)(Future Annexation Area)(“Future Annexation Area”), pursuant to the Act; and WHEREAS, the City Council of the City of Hemet (“City Council”), on June 27, 2006, passed, approved and adopted Resolution No. 4053 “A Resolution of the City of Hemet, California, Acting In Its Capacity As The Legislative Body of Community Facilities District No. 2005-1 (Public Safety Services), Authorizing The Annexation Of Territory In The Future To Such Community Facilities District.” establishing the City of Hemet Community Facilities District No. 2005-1 (Public Safety Services) Future Annexation Area, authorizing the annexation of certain territory in the future to CFD No. 2005-1, the proposed method and apportionment of the special tax to be levied within the future annexation area and all other matters as set forth in the Resolution of Intention, to authorize the levy of a special tax therein, and to submit the establishment of an appropriations limit and the levy of special taxes to the qualified

Page 5 of 64 ends

14.B

Page 705 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
electors pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”); and
WHEREAS, a copy of the Resolution of Intention, which states the authorized services to be provided and financed by CFD No. 2005-1 and Resolution No. 4023 which states a description and map of the boundaries of the Future Annexation Area territory to be annexed to CFD No. 2005-1, is on file with the City Clerk and the provisions thereof are fully incorporated herein by this reference as if fully set forth herein; and
WHEREAS, The City Council hereby declares its intention to conduct proceedings for the annexation of territory to the CFD No. 2005-1 to be known as Community Facilities District 2005-1 (Public Safety Services) - Annexation No. 22 (“Annexation No. 22”) under the terms of the Act. The exterior boundaries of Annexation No. 22 are shown on the map now on file in the office of the City Clerk entitled “Proposed Boundary of Annexation No. 22 to City of Hemet Community Facilities District No. 2005-1 (Public Safety Services)” (the “Map”). The Map indicates by a boundary line, the extent of the territory included in the proposed annexation and shall govern for all details as to the extent of Annexation No. 22. On the original and one copy of the Map, the City Clerk shall endorse the certificate evidencing the date and adoption of this Resolution. The City Clerk shall file the original of the Map in his office and, within fifteen days after the adoption of this Resolution, the City Clerk shall file a copy of the Map so endorsed in the records of the County Recorder, County of Riverside, State of California, and in any event this Map shall be filed no later than fifteen days before the public hearing; and

Page 6 of 64 ends

14.B

Page 706 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
WHEREAS, on June 13, 2023, this Council held a noticed public hearing as required by the Act relative to the proposed annexation of territory to CFD No. 2005- 1; and
WHEREAS, at said hearing all interested persons desiring to be heard on all matters pertaining to the annexation of territory to CFD No. 2005-1 as Annexation No. 22 and the levy of said special taxes within the area proposed to be annexed were heard and a full and fair hearing was held; and
WHEREAS, prior to the time fixed for said hearing, written protests had not been filed against the proposed annexation of territory to CFD No. 2005-1 by (i) 50% or more of the registered voters, or six registered voters, whichever is more, residing in CFD No. 2005-1, or (ii) 50% or more of the registered voters, or six registered voters, whichever is more, residing in the territory proposed to be annexed to CFD No. 2005-1, or (iii) owners of one-half or more of the area of land in the territory within CFD No. 2005-1 and not exempt from special tax, or (iv) owners of one-half or more of the area of land in the territory proposed to be annexed to CFD No. 2005-1 and not exempt from the special tax.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1.RECITALS - The above recitals are all true and correct.

SECTION 2.AUTHORIZATION - All prior proceedings taken by this Council with respect to CFD No. 2005-1 and the proposed annexations of territory thereto have been duly considered and are hereby determined to be valid and in conformity with the Act.

Page 7 of 64 ends

14.B

Page 707 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
SECTION 3.BOUNDARIES - The description and map of the current boundaries of CFD No. 2005-1 are on file with the City Clerk. The description and map of the boundaries of the territory to be annexed to CFD No. 2005-1 as Annexation No. 22, on file with the City Clerk, are hereby finally approved, are incorporated herein by reference, and shall be included within the boundaries of CFD No. 2005-1, and said territory is hereby annexed to CFD No. 2005-1 as Annexation No. 22, subject to voter approval of the levy of the special taxes therein as hereinafter provided.

SECTION 4.SERVICES - The services which CFD No. 2005-1 is authorized to finance are in addition to those provided in or required for the territory within CFD No. 2005-1 and the territory to be annexed to CFD No. 2005-1 and will not be replacing services already available. A general description of the services to be financed by CFD No. 2005-1 and pursuant to the Act shall consist of those items shown in Exhibit “B” hereto and by this reference incorporated herein.

SECTION 5.SPCIAL TAXES – It is the intention of this City Council, that except where funds are otherwise available, a special tax sufficient to pay for said services to be provided in CFD No. 2005-1 and the territory proposed to be annexed as part of Annexation No. 22, secured by recordation of a continuing lien against all non-exempt real property in Annexation No. 22, will be levied annually within the boundaries of Annexation No. 22 from and after the annexation of such property to CFD No. 2005-1. The special taxes shall be those as originally authorized through the formation of CFD No. 2005-1 and adopted by Ordinance of this legislative body, and no changes or modifications are proposed in the special taxes from those as originally set forth and made applicable to CFD No. 2005-1.

Page 8 of 64 ends

14.B

Page 708 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
For particulars as to the Rate and Method of Apportionment of the proposed special tax (the “RMA”), reference is made to the attached and incorporated Exhibit “A,” which sets forth in sufficient detail the method of apportionment to allow each landowner or resident within Annexation No. 22 to clearly estimate the maximum annual amount that said person will have to pay on said special tax.

SECTION 6.ELECTION - The provisions of the Resolution of Intention of the City, each as heretofore adopted by this Council, are by this reference incorporated herein as if fully set forth herein.
(a) Pursuant to the provisions of the Act, the proposition of the levy of the special tax within Annexation No. 22 shall be submitted to the voters within Annexation No. 22 at an election called therefore as hereinafter provided. This Council hereby finds that twelve (12) or more persons have not been registered to vote within Annexation No. 22 for each of the 90 days preceding the close of the hearing heretofore conducted and concluded by this Council for the purposes of these annexation proceedings. Accordingly, and pursuant to Section 53326 of the Act, this Council finds that for purposes of these proceedings the qualified electors are the landowners within Annexation No. 22 and that the vote shall be by said landowners, each having one vote for each acre or portion thereof such landowner owns in Annexation No.22. (b) Pursuant to Section53326 of the Act, the election shall be conducted by mail ballot under applicable sections of the California Elections Code, commencing with Section 4000 of said code with respect to elections conducted by mail. The Council called a special election to consider

Page 9 of 64 ends

14.B

Page 709 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
the measures described and incorporated in the ballot, attached as Exhibit “D,” which election was held on June 13, 2023, (hereafter referred to as “Election Day”). The City Clerk was the election official to conduct the election and provided each landowner in the territory to be annexed to CFD No. 2005-1, a ballot in the form of Exhibit “D”, which form is hereby approved. The City Clerk has accepted the ballots of the qualified electors received prior to 7:00 p.m. on Election Day, if received by personal delivery or 4:00 p.m. if received by mail.
(c) This Council hereby further finds that the provision of Section 53326 of the Act requiring a minimum of 90 days to elapse before said election is for the protection of voters, has been waived by the voters and the date for the election hereinabove specified is established accordingly.

SECTION 7.EFFECTIVE DATE - This resolution shall take effect upon its adoption.

Page 10 of 64 ends

14.B

Page 710 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxxPage 11 of 64

14.B

Page 711 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

Page 12 of 64 ends

14.B

Page 712 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
State of California )
County of Riverside )
City of Hemet )
I, John Paul Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 13th day of June, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

Page 13 of 64 ends

14.B

Page 713 of 1197 ends

EXHIBIT A

RATE AND METHOD OF APPORTIONMENT
(See attached)

Page 14 of 64 ends

14.B

Page 714 of 1197 ends

EXHIBIT B

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2005-1
(PUBLIC SAFETY SERVICES)

DESCRIPTION OF SERVICES
Authorized Services shall be the following:

Police protection services and fire protection services and suppression services including but not limited to (i) the costs of contracting services, (ii) equipment, vehicles, ambulances and paramedics, fire apparatus, supplies, (iii) the salaries and benefits of City staff that directly provide police protection services and fire protection and suppression services and other services as defined herein, respectively, and (iv) City overhead costs associated with providing such services with the District (“Services”). On each July 1 following the Base Year the increases attributed to salaries and benefits shall be calculated and limited to the increase based on the Annual Escalation Factor as provided in the Rate and Method of Apportionment of the Special Taxes. The Special Tax will finance Services that are in addition to those provided in or required for the territory within the District and will not be replacing Services already available. The Special Tax provides only partial funding for police and fire services.

Page 15 of 64 ends

14.B

Page 715 of 1197 ends

EXHIBIT C

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2005-1
(PUBLIC SAFETY SERVICES)

BOUNDARY MAP

Page 16 of 64 ends

14.B

Page 716 of 1197 ends

EXHIBIT D

SAMPLE BALLOT

SPECIAL ELECTION
City of Hemet
Community Facilities District No. 2005-1
(Public Safety Services)
Annexation No. 22
This ballot is for a special landowner election. You must return this ballot in the enclosed postage paid envelope to the office of the City Clerk of the City of Hemet no later than 4:00 p.m. on June 13, 2023, by mail; or in person to the location of the public hearing no later than 7:00 p.m. on June 13, 2023. The City Clerk’s office is located at 445 E Florida Avenue, Hemet, CA 92543. The public hearing will be held at the City Council Chambers, 450 E. Latham Ave., Hemet, CA, 92543.

This ballot is provided to Pulte Home Company, LLC, (the “Owner”) or authorized representative of such Owner of land with the boundaries of Community Facilities District No. 2005-1 (Public Safety Services) - Annexation No. 22 of the City of Hemet and represents forty- nine (49) votes on assessor parcel numbers:
460-010-008 460-010-009
460-010-010 460-010-011
460-020-005 460-020-006
To vote, mark a cross (X) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden and make the ballot void.

If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Hemet to obtain a replacement ballot.

Page 17 of 64 ends

14.B

Page 717 of 1197 ends

MEASURE: Shall special taxes with a Rate and Method of Apportionment as set forth in Exhibit “A” to the resolution entitled “Resolution of the City Council of the City of Hemet, California, Authorizing the Annexation of Territory to Community Facilities District No. 2005-1 (Public Safety Services) as Annexation No. 22 and Submittal of the Levy of Special Taxes to the Qualified Electors of Such Community Facilities District” (“Resolution of Annexation”) be levied annually on taxable property within Community Facilities District No. 2005-1 (Public Safety Services) - Annexation No. 22 (“Annexation No. 22”), to pay for police protection services and fire protection services and suppression services including but not limited to (i) the costs of contracting services, (ii) equipment, vehicles, ambulances and paramedics, fire apparatus, supplies, (iii) the salaries and benefits of City staff that directly provide police protection services and fire protection and suppression services and other services as defined herein, respectively, and (iv) City overhead costs associated with providing such services to Annexation No. 22, and shall the appropriations limit be established, all as set forth in Exhibit “B” to the Resolution of Annexation?”
Yes
No
Property Owner/Authorized Representative Signature
____________________________________________
Name: Darren Warren
Title: Vice President Land Acquisitions and Development

Page 18 of 64 ends

14.B

Page 718 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-xxx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, CALLING A SPECIAL

ELECTION AND SUBMITTING TO THE QUALIFIED

ELECTORS OF CITY OF HEMET COMMUNITY
FACILITIES DISTRICT NO. 2005-1 (PUBLIC SAFETY

SERVICES) PROPOSITIONS REGARDING THE

ESTABLISHMENT OF AN APPROPRIATIONS LIMIT

AND THE ANNUAL LEVY OF A SPECIAL TAX WITHIN

THE COMMUNITY FACILITIES DISTRICT
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, on June 13, 2023, the City Council (the “City Council”) of the City of Hemet (the “City”) held a public hearing (the “Public Hearing”) on the establishment of Community Facilities District No. 2005-1 (Public Safety Services) (the “District”); and
WHEREAS, following the Public Hearing, the City Council adopted a resolution entitled “Resolution of the City Council of the City of Hemet, Authorizing the Annexation of Territory to City of Hemet Community Facilities District No. 2005-1 (Public Safety Services) as Annexation No. 22, and Authorizing the Submittal of the Levy of Special Taxes to the Qualified Electors of Such Community Facilities District” (the “Resolution of Annexation”) ordering the annexation of territory to the District, and subject to approval of the qualified electors of the District, authorizing the levy of a special tax (the “Special Tax”) on property within the District and establishing an appropriations limit for the District, pursuant to the Mello-Roos Community Facilities

Page 19 of 64 ends

14.B

Page 719 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
Act of 1982, as amended, commencing with Section 53311 of the California Government Code (the “Act”); and
WHEREAS, pursuant to the Resolution of Annexation, the propositions relating to the levy of the Special Tax and the establishment of an appropriations limit will be submitted to the qualified electors of the District as required by the Act; and WHEREAS, no persons are registered to vote in the territory of the District; and
WHEREAS, the City Clerk has advised the City Council that she has received a Consent and Waiver from each and every landowner within the District, pursuant to which each landowner has expressly waived certain requirements related to the conduct of the election.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1.RECITALS - The above recitals are all true and correct.

SECTION 2.CALL OF ELECTION – The City Council hereby calls and schedules a special election for June 13, 2023, to consider the proposition described in Section 3 below.

SECTION 3.PROPOSITION-
a)Pursuant to Sections 53325.7, 53326 and 53353.5 of the Act, the proposition relating to the levy of the Special Tax and the proposition relating to the establishment of the appropriations limit shall be combined into one ballot proposition and shall be submitted to the qualified electors of the District as required by the Act.

Page 20 of 64 ends

14.B

Page 720 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
b)If the combined proposition for the levy of the Special Tax and the establishment of the appropriations limit receives the approval of more than two-thirds of the votes cast on the proposition, the Special Tax may be levied and the appropriations limit may be established as provided for in the Resolution of Annexation.
c) The amount, method of collection and purpose of the Special Tax are specified in the Resolution of Annexation, on file in the office of the City Clerk and by this reference incorporated herein.
d) The proposition to be submitted to the voters of the District at such special election shall be as follows:
“Shall special taxes with a Rate and Method of Apportionment as set forth in Exhibit “A” to the resolution entitled “Resolution of the City Council of the City of Hemet, California, Authorizing the Annexation of Territory to Community Facilities District No. 2005-1 (Public Safety Services) as Annexation No. 22 and Submittal of the Levy of Special Taxes to the Qualified Electors of Such Community Facilities District” (“Resolution of Annexation”) be levied annually on taxable property within Community Facilities District No. 2005-1 (Public Safety Services) - Annexation No. 22 (“Annexation No. 22”), to pay for police protection services and fire protection services and suppression services including but not limited to (i) the costs of contracting services, (ii) equipment, vehicles, ambulances and paramedics, fire apparatus, supplies, (iii) the salaries and benefits of City staff that directly provide police protection services and fire protection and suppression services and other

Page 21 of 64 ends

14.B

Page 721 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
services as defined herein, respectively, and (iv) City overhead costs associated with providing such services to Annexation No. 22, and shall the appropriations limit be established, all as set forth in Exhibit “B” to the Resolution of Annexation.”
SECTION 4.ELECTORS DETERMINED - The City Council finds that 12 persons have not been registered to vote within the territory of the District for the 90 days preceding the close of the Public Hearing and that pursuant to Section 53326 of the Act, the vote in the special election called by this Resolution shall be by the landowners of the District whose property would be subject to the special taxes if they were levied at the time of the election, and each landowner shall have one vote for each acre, or portion thereof, which he or she owns within the District which would be subject to the proposed special taxes if they were levied at the time of the election.

SECTION 5. CONDUCT OF ELECTION – Except as otherwise provided in Section 6 hereof, the special election shall be conducted by the City Clerk in accordance with the provisions of the California Elections Code governing mail ballot elections of cities, and in particular the provisions of Division 4 (commencing with Section 4000), of that Code, insofar as they may be applicable.

SECTION 6.ELECTION PROCEDURES –
a)The procedures to be followed in conducting the special election on the proposition described in Section 3 shall be as provided in the Resolution of Annexation. It is hereby acknowledged that the City Clerk has on file a copy of the Resolution of Annexation.
b)The City Council hereby finds that the qualified electors of the District have waived the time limits for conducting the special election by

Page 22 of 64 ends

14.B

Page 722 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
unanimous written consent as provided in the Consent & Waiver signed by the land owner.

SECTION 7. CONCURRENT OF CITY CLERK – The City Council hereby finds and determines that the City Clerk has concurred in the shortened time for the election, pursuant to Section 53326 of the Act.

PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

Page 23 of 64 ends

14.B

Page 723 of 1197 ends

AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

Page 24 of 64 ends

14.B

Page 724 of 1197 ends

Page 25 of 64 ends

14.B

Page 725 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-xxx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, MAKING CERTAIN

FINDINGS, CERTIFYING THE RESULTS OF AN

ELECTION AND ADDING PROPERTY TO COMMUNITY
FACILITIES DISTRICT NO. 2005-1 (PUBLIC SAFETY

SERVICES)
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, the City Council of the City of Hemet (the “City Council”), has previously formed a Community Facilities District pursuant to the provisions of the “Mello-Roos Community Facilities Act of 1982”, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California, said Article 3.5 thereof.

The existing Community Facilities District being designated as Community Facilities District No. 2005-1 (Public Safety Services) (hereafter referred to as “CFD No. 2005- 1”); and,
WHEREAS, the City Council initiated proceedings to annex certain territory to Community Facilities District No. 2005-1 (Public Safety Services) - Annexation No. 22 (hereafter referred to as “Annexation No. 22”); and
WHEREAS, at this time the unanimous consent to the annexation of Annexation No. 22 has been received from the property owner or owners of such territory; and
WHEREAS, twelve (12) or more registered voters have not resided within the territory of Annexation No. 22 for each of the ninety (90) days preceding June 13,

Page 26 of 64 ends

14.B

Page 726 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
2023, therefore, pursuant to the Act the qualified electors of Annexation No. 22 shall be the “landowners” of Annexation No. 22 as such term is defined in Government Code Section 53317(f) and each such landowner who is the owner of record, or the authorized representative thereof, shall have one vote for each acre or portion of an acre of land that she or he owns within; and
WHEREAS, the time limit specified by the Act for conducting an election to submit the levy of the special taxes on the property within Annexation No. 22 to the qualified electors of Annexation No. 22 and the requirements for impartial analysis and ballot arguments have been waived with the unanimous consent of the qualified electors of Annexation No. 22; and
WHEREAS, the City Clerk of the City of Hemet has caused ballots to be distributed to the qualified electors of Annexation No. 22, has received and canvassed such ballots and made a report to the City Council regarding the results of such canvas, a copy of which is attached as Exhibit A hereto and incorporated herein by this reference; and
WHEREAS, at this time the measure voted upon and such measure did receive the favorable 2/3’s vote of the qualified electors, and the City Council desires to declare the results of the election; and
WHEREAS, at this time the measure voted upon and such measure did receive the favorable 2/3’s vote of the qualified electors, and the City Council desires to declare the results of the election; and
WHEREAS, a map showing the territory to be annexed and designated as Annexation No. 22 (hereafter referred to as the “Annexation Map”), a copy of which is attached as Exhibit B hereto and incorporated herein by this reference, and a list of

Page 27 of 64 ends

14.B

Page 727 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
Properties to be annexed and landowners, a copy of which is attached as Exhibit C hereto and incorporated herein by this reference, has been submitted to the City Council.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1.RECITALS - The above recitals are all true and correct.

SECTION 2.FINDINGS- This City Council does hereby determine as follows:
a)The unanimous consent to the annexation of Annexation No. 22 to CFD No. 2005-1 has been given by all of the owners within Annexation No. 22 and such consent shall be kept on file in the Office of the City Clerk. b)Twelve (12) or more registered voters have not resided within the territory of Annexation No. 22 for each of the ninety (90) days preceding June 13, 2023, therefore, pursuant to the Act, the qualified electors of Annexation No. 22 shall be the “landowners” of such Annexation No. 22 as such term is defined in Government Code Section 53317(f). c)The qualified electors of Annexation No. 22 have unanimously voted in favor of the levy of special taxes within Annexation No. 22 upon its annexation to CFD No. 2005-1.

SECTION 3.ANNEXED AREA - The boundaries and parcels of territory within Annexation No. 22 and on which special taxes will be levied in order to pay for the costs and expenses of authorized public services are shown on the Annexation Map as submitted to and hereby approved by this City Council.

SECTION 4.DECLARATION OF ANNEX - The City Council does hereby determine and declare that Annexation No. 22 is now added to and becomes a part

Page 28 of 64 ends

14.B

Page 728 of 1197 ends

1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
City of Hemet Resolution No. 2023-xxx
of CFD No. 2005-1. The City Council, acting as the legislative body of CFD No. 2005- 1, is hereby empowered to levy the authorized special tax within Annexation No. 22.

SECTION 5. NOTICE – Immediately upon adoption of this Resolution, notice shall be given as follows:

An amendment to the Notice of Special Tax Lien (Notice of Annexation) shall be recorded in the Office of the County Recorder no later than fifteen (15) days after the date of adoption of this Resolution.

SECTION 6. ADOPTION - The City Clerk shall certify to the adoption of this resolution.

PASSED, APPROVED AND ADOPTED this 13th day of June, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

Page 29 of 64 ends

14.B

Page 729 of 1197 ends

AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

Page 30 of 64 ends

14.B

Page 730 of 1197 ends

EXHIBIT A

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2005-1
(PUBLIC SAFETY SERVICES)

CERTIFICATE OF THE CITY CLERK AS TO THE

RESULTS OF THE CANVASS OF THE ELECTION RETURNS
I, John Maier, City Clerk of the City of Hemet, hereby certify that I canvassed the returns of the Special Election in the City of Hemet Community Facilities District No. 2005-1 (Public Safety Services), and that the election was held in the Chambers of the City Council at 450 E. Latham Avenue, Hemet, CA on June 13, 2023.

I further certify that the total number of ballots cast in said election and the total number of votes cast for and against the measure are full, true and correct:

Community Facilities District No. 2005-1
(Public Safety Services) Special Tax Election,
June 13, 2023
Qualified
Eligible
Voters
Votes
Cast Yes No
Ballot Measure 1 49
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 13 th day of June 2023.

By: ___________________________________
__________________________________________________
John Maier, City Clerk
City of Hemet

Page 31 of 64 ends

14.B

Page 731 of 1197 ends

EXHIBIT B

ANNEXATION MAP

Page 32 of 64 ends

14.B

Page 732 of 1197 ends

Page 33 of 64 ends

14.B

Page 733 of 1197 ends

EXHIBIT C

LIST OF PROPERTIES TO BE ANNEXED
Owner: Pulte Home Company, LLC.
460-010-008 460-010-009
460-010-010 460-010-011
460-020-005 460-020-006

Page 34 of 64 ends

14.B

Page 734 of 1197 ends

W THORNTON AVE

WARREN ROAD
N
No Scale
600 B St #2000, San Diego, CA 92101 ◼ p: 619.236.1778 ext. 1261 ◼ www.WeAreHarris.com PROPOSED BOUNDARY OF ANNEXATION NO. 22

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2005-01
(PUBLIC SAFETY SERVICES)

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

CLERK'S MAP STATEMENT

FILED IN THE OFFICE OF THE CITY CLERK OF THE CITY OF
HEMET THIS DAY OF , 2023.

CITY CLERK OF THE CITY OF HEMET

CLERK'S MAP STATEMENT

I HEREBY CERTIFY THAT THE AREA SHOWN ON THIS MAP
OF THE PROPOSED BOUNDARY OF ANNEXTION NO. 22 TO
COMMUNITY FACILITIES DISTRICT NO. 2005-01, (PUBLIC

SAFETY SERVICES), CITY OF HEMET, COUNTY OF

RIVERSIDE, STATE OF CALIFORNIA, WAS APPROVED BY

THE CITY COUNCIL OF THE CITY OF HEMET AT A

REGULARLY SCHEDULED MEETING THEREOF, HELD ON
THE DAY OF , 2023
BY ITS RESOLUTION NO. .

CITY CLERK OF THE CITY OF HEMET

COUNTY RECORDER'S FILING STATEMENT
FILED THIS DAY OF , 2023
AT THE HOUR OF O'CLOCK .M. IN BOOK

OF MAPS OF ASSESSMENT AND COMMUNITY
FACILITIES DISTRICTS PAGE NO. IN THE OFFICE OF

THE COUNTY RECORDER IN THE COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA.

PETER ALDANA

COUNTY RECORDER OF THE COUNTY OF RIVERSIDE
BY:

DEPUTY
FILE:THE LINES AND DIMENSIONS OF EACH LOT OR PARCEL SHOWN ON THIS MAP SHALL BE THOSE LINES AND DIMENSIONS AS SHOWN ON THE RIVERSIDE COUNTY ASSESSOR’S MAPS.

Special Tax Boundary
Parcel Boundary
Legend

S CAWSTON AVE
Site
(6)

W STETSON AVE
( # )
(1)
(2)
(4)(3) (5)

ASSESSOR PARCEL NUMBERS LOCATED

WITHIN PROPOSED BOUNDARIES OF
ANNEXTION NO. 22 TO CFD 2005-01
(PUBLIC SAFETY SERVICES) AS OF FISCAL
YEAR 2022-23
(1) 460-010-011 (4) 460-010-008
(2) 460-010-010 (5) 460-020-005
(3) 460-010-009 (6) 460-020-006
Assessor Parcel Reference Number

W THORNTON AVE

S CAWSTON AVE

Page 35 of 64 ends

14.B

Page 735 of 1197 ends

CFD 2005-1 Page 1 of 7

CITY OF HEMET
COMMUNITY FACILITIES DISTRICT NO. 2005-1
(PUBLIC SAFETY SERVICES)

SPECIAL TAX RATE AND METHOD OF APPORTIONMENT

A Special Tax of Community Facilities District No. 20 05-1 of the City of Hemet ("District") shall be levied on all Assessor's Parcels in the District and collected each Fiscal Year commencing in Fiscal Year 2005/06 in an amount determined by the City through the application of the rate and method of apportionment of the Special Tax set forth below. All of the real proper ty in the District, 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. D EFINITIONS

The terms hereinafter set forth have the following meanings:
"Acre or Acreage" means the land area of an Assessor’s Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor's Parcel Map, the land area shown on the applicable final subdivision map, other final map, other parcel map, other condominium plan, or functionally equivalent map or instru ment recorded in the Office of the County Recorder. The square footage of an Assessor's Parcel is equal to the Acreage multiplied by 43,560.
"Act" means the Mello-Roos Community Facilities Act of 1982, being Chapter 2.5, Part 1, Division 2 of Title 5 of the Gove rnment Code of the State of California, as amended, which authorizes the estab lishment of the District to finance: a) police protection services, and b) fire protection and suppression services, and other services as defined herein including but not limited to ambulance and paramedic services.
"Administrative Expenses" means the actual or estimated costs incurred by the City as administrator of the District to determine, levy and collect the Special Taxes, including the proportionate amount of the salaries and benefits of City employees whose duties are direct ly related to administration of the District and the fees of consultants, legal counsel, the costs of collecting installments of the Spec ial Taxes upon the general tax rolls, preparation of required reports; and any other costs r equired to administer the District as determined by the City.
"Annual Escalation Factor" means the greater of the increase in the annual percentage change of the All Urban Co nsumers Consumer Price Index (“CPI”) or three percent (3%). The annual CPI used shall be for the area of Los Angeles-Riverside-Orange County, CA as reflected in the then-current

Page 36 of 64 ends

14.B

Page 736 of 1197 ends

CFD 2005-1 Page 2 of 7

April update. The annual CPI used shall be as determined by the United States Department of Labor, Bureau of Labor Statistics, and may be obtained through the California Div ision of Labor Stat istics and Research (www.dir.ca.gov/dlsr). If the foregoi ng index is not available, the CFD Administrator shall select a reasonably comparable index. "Assessor's 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 Assessor of the County designating parcels by assessor's parcel number. "Base Year" means Fiscal Year ending June 30, 2006.
"City" means the City of Hemet.
"Council" means the City Council of the City of Hemet, acting as the legislative body of the District.
"County" means the County of Riverside, California.
"Developed Multi-Family Residence" means all Assessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing a residential structure consisting of two or more residential units that share common walls, incl uding, but not limited to, duplexes, triplexes, town homes, condominiums, and apartment units. "Developed Property" means all Taxable Property , exclusive of Property Owner Association Property, Non-Residential Property, or Public Property, for which a building permit was issued after January 1, 2005 and prior to May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Developed Single-Fa mily Residence" means all Assessors’ Parcels of Developed Property for wh ich a building permit(s) has been issued for purposes of constructing one single-family residential dwelling unit. "District Administrator" means an official of t he City, or designee thereof, responsible for determining the Specia l Tax Requirement and providing for the levy and collection of the Special Taxes.
"District" means Community Facilities Distri ct No. 2005-1 of the City of Hemet.
"Entitled Property" means an Assessor’s Parcel an d/or Lot in the District, which has a Final Map recorded prio r to January 1st preceding the Fiscal Year in which the Special Tax is being levied, but for which no building permit has been issued prior to the May 1 st preceding the Fiscal Year in which the Special Tax is being levied. The term "Entitled Property" shall apply only to

Page 37 of 64 ends

14.B

Page 737 of 1197 ends

CFD 2005-1 Page 3 of 7

Assessors’ Parcels and/or Lots, which have been subdivided for the purpose of residential development, excluding any Assessor’s Parcel that is designated as a remainder parcel de termined by final documents and/or maps available to the District Administrator.
"Final Map" means an Assessor’s Parcel Map, a final subdivision map, other parcel map, other final map, other condominium plan, or functionally equivalent map that has been recorded in the Office of the County Recorder. "Fiscal Year" means the period starting July 1 and ending on the following June 30.
"Land Use Class" means any of the classes listed in Table 1. "Lot" means property within a recorded Fina l Map identified by a lot number for which a building permit has been issued or may be issued. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C below that c an be levied in the District in any Fiscal Year on any Assessor’s Parcel.
"Non-Residential Property" means all Assessors’ Parcels for which a building permit(s) has been issued for a non-residential use and does not contain any residential units as defi ned under Developed Single Family Residence or Developed Multi-Family Residence.
"Property Owner Association Property" means any property within the boundaries of the District that is owne d by, or irrevocably dedicated as indicated in an instrument recorded wit h the County Recorder to a property owner association, including any master or sub-association. "Proportionately" means in a manner such that the ratio of the actual Special Tax levy to the Maximum Spec ial Tax is equal for all Assessor’s Parcels within each Land Use Class.
"Public Property" means any property within t he boundaries of the District that is, at the time of the District fo rmation or at the time of an annexation, expected to be used for rights-of-way , parks, schools or any other public purpose and is owned by or irrevocably offered for dedication to the federal government, the State, the County, the City or any other public agency. "Service Costs" means the estimated and reas onable costs of providing police protection services and fire protection and suppression services, including but not limited to (i) the costs of contracting services, (ii) equipment, vehicles, ambulances and paramedics, fi re apparatus, supplies, (iii) the salaries and benefits of City staff that directly provide police protection services and fire protection and suppre ssion services and other services as defined herein, respectively, and (iv) City overhead costs associated with

Page 38 of 64 ends

14.B

Page 738 of 1197 ends

CFD 2005-1 Page 4 of 7

providing such services within the Distr ict (the “Services”). On each July 1 following the Base Year the increases a ttributed to salaries and benefits shall be calculated and limited to the incr ease based on the Annual Escalation Factor. The Special Tax will finance Se rvices that are in addition to those provided in or required for the terri tory within the Dis trict and will not be replacing Services already available. The Special Tax provides only partial funding for police and fire services.
"Special Tax" means the Special Tax to be levied in each Fiscal Year on each Assessor's Parcel of Taxable Property to fund the Special Tax Requirement, and shall include Special Taxes levied or to be levied under Sections C and D, below.
"Special Tax Requirement" means that amount requir ed in any Fiscal Year for the District to: (i) pay for Service Co sts; (ii) pay reasonable Administrative Expenses; (iii) pay any amounts required to establish or replenish any reserve funds; and (iv) pay for reasonably anticipated delinquent Special Taxes based on the delinquency rate for Special Taxes levied in the previous Fiscal Year; less any surplus of funds available from the previous Fiscal Year’s Special Tax levy.
"State" means the State of California.
"Taxable Property" means all of the Assessor's Parcels within the boundaries of the District and any future annexation to the District that are not exempt from the Special Tax pursuant to law or as defined herein. "Tax-Exempt Property" means an Assessor's Parcel not subject to the Special Tax. Tax-Ex empt Property includes: (i) Pub lic Property, (ii) Property Owner Association Property, (iii) Non- Residential Property, and (iv) property designated by the City or District Administrator as Tax-Exempt Property. "Undeveloped Property" means, for each Fisca l Year, all Assessor’s Parcels of Taxable Property not classifi ed as Developed Property or Entitled Property, including an Assessor’s Parcel that is designated as a remainder parcel and is not identif ied as potential Public Property by any final documents and/or maps available to the District Administrator. "Unit" means any separate residential dwel ling unit in which a person or persons may live, which comprises an independent facility capable of conveyance separate from adjacent re sidential dwelling units and is not considered to be for commercial or industrial use.

B. A SSIGNMENT TO LAND USE CATEGORIES

Each Fiscal Year using the definitions above, all Taxable Property within the District shall be classified as Deve loped Property, Entitled Property, or

Page 39 of 64 ends

14.B

Page 739 of 1197 ends

CFD 2005-1 Page 5 of 7

Undeveloped Property. Developed Property shall be further classified as Developed Single-Family Re sidence or Developed Mult i-Family Residence.

Commencing with the Base Year and fo r each subsequent Fiscal Year, all Taxable Property shall be subject to S pecial Taxes pursuant to Sections C and D below.

C. M AXIMUM SPECIAL TAX RATE

Developed Property:

TABLE 1
Maximum Special Tax for Developed Property
Community Facilities District No. 2005-1
(Public Safety Services)

Land Use
Class Description
Base Year
Maximum Special
Tax Per Unit*
1 Developed Single-Family
Residence $269 per Unit
2 Developed Multi-Family
Residence $217 per Unit
* Includes the costs for administrative fees

Entitled Property:

TABLE 2
Maximum Special Tax for Entitled Property
Community Facilities District No. 2005-1
(Public Safety Services)

Land Use
Class Description
Base Year
Maximum Special
Tax Per Lot*
3 Entitled Property $135 per Lot
* Includes the costs for administrative fees

On each July 1 following the Base Year, commencing July 1, 2006, the Maximum Special Tax Rates in Table 1 and Table 2 shall be increased in accordance with the Annual Escalation Factor.

Page 40 of 64 ends

14.B

Page 740 of 1197 ends

CFD 2005-1 Page 6 of 7

Undeveloped Property:

No Special Tax shall be levied on Undeveloped Property.

Tax-Exempt Property:

No Special Tax shall be levied on Tax-Exempt Property.

Multiple Land Use Classes:

In some instances an Assessor’s Parc el may contain more than one Land Use Class. The Maximum Special Tax levied on an Assessor’s Parcel shall be the sum of the Maximum Special Tax levies that can be imposed on all Land Use Classes located on that Assessor’s Parcel.

D. M ETHOD OF APPORTIONMENT OF THE SPECIAL TAX

Commencing with Fiscal Year 2005-06, and for each subsequent Fiscal Year, the District Administrator shall calcul ate the Special Tax Requirement based on the definitions in Section A and levy the Special Tax as follows until the amount of the Special Tax levied equals the Special Tax Requirement. First, the Special Tax shall be levied each Fiscal Year on each Assessor’s Parcel of Developed Property Proportionately between Developed Single-Family Residence and Developed Multi-Family Residence up to 100% of the applicable Maximum Special Tax. Second, if the Special Tax Requirement has not been satisfied by the first step, then the Special Tax shall be levied each Fiscal Year on each Assessor’s Parcel of Entitled Property up to 100% of the applicable Maximum Special Tax for Entitled Property.

E. A PPEALS

Any taxpayer that believes that the am ount of the Special Tax assigned to an Assessor’s Parcel is in error may file a writt en notice with the District Administrator appealing the levy of the Spec ial Tax. This notice is required to be filed with the District Administrator during the Fiscal Year the error is believed to have occurred. The Distric t Administrator or designee will then promptly review the appeal an d, if necessary, meet wit h the taxpayer. If the District Administrator verifies that t he tax should be changed the Special Tax levy shall be corrected and, if applicable in any case, a refund shall be granted.

Page 41 of 64 ends

14.B

Page 741 of 1197 ends

CFD 2005-1 Page 7 of 7

F. E XEMPTIONS

No Special Tax shall be levied on Non-Residential Proper ty, Undeveloped, Property Owner Association Property or Public Property.

G. M ANNER OF COLLECTION

Special Tax as levied pur suant to Section D above shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the District Admi nistrator may directly bill the Special Tax, may collect Special Taxes at a differe nt time or in a different manner if necessary to meet the fi nancial obligations of the District or as otherwise determined appropriate by the District Administrator.

H. T ERM OF SPECIAL TAX

After the establishment of the Distric t, the City Council may reexamine, if deemed necessary by City Council, the nec essity of the continuance of the Special Tax through the pr eparation of a Fiscal Impact Analysis, otherwise the Special Tax shall be levied in perpetuity.

Page 42 of 64 ends

14.B

Page 742 of 1197 ends

D\OOO\lO\UI-E-UJl\J>-‘
CITYOFHEMETHemet,CaliforniaRESOLUTIONNO.3945

RESOLUTIONOFTHECITYCOUNCILOFTHECITYOFHEMET,CALIFORNIA,DECLARINGITSINTENTIONTOESTABLISH NN;\)[\):\).—»->-.-.-»_a.—-.—a.—-.-kbJl\J*"©\D0O\10\LII-l>lJ~)l\)'—‘< ¥?E"EE{i§'6;’):'§i=EcIAL'1'X5E‘fHEREiNTO.i5I'§A{N'<:'éCERTAINSERVICES WHEREAS,theCITYCOUNCILoftheCITYOFHEMET,CALIFORNIA(the“CityCouncil”),hasreceivedapetitionproposingtoformacommunityfacilitiesdistrictfrompropertyownersowningmorethantenpercent(10%)ofthepropertyproposedtobeincludedinthecommunityfacilitiesdistrictandtheCityCouncildesirestoinitiateproceedingstocreateacommunityfacilitiesdistrictpursuanttothetermsandprovisions- ofthe“Mello-RoosCommunityFacilitiesActof1982",beingChapter2.5,Part1,Division2,Title5oftheGovemmentCodeoftheStateofCalifornia(the“Act")forthepurposeof?nancingpoliceservices,?reprotectionandsuppressionservices,andlifesafetyservices.ThiscommunityfacilitiesdistrictshallhereinafterbereferredtoasCityofHemetCommunityFacilitiesDistrictNo.2005-1(the“District”);and, 2526272829303132333435363738
WHEREAS,thisCityCouncilisnowrequiredtoproceedtoadoptitsResolutionofIntentiontoinitiatetheproceedingsfortheestablishmentofsuchDistrict,tosetforththeboundariesforsuchDistrict,toindicatethetypeofpublicservicestobe?nancedbysuchDistrict,toindicatearateandmethodofapportionmentofspecialtaxesproposedtobeleviedsuf?cientto?nancesuchservices,tosetatimeandplaceforapublichearingrelatingtotheestablishmentofsuchDistrict.

WHEREAS,amapofsuchDistricthasbeensubmittedshowingtheboundariesoftheterritoryproposedtobeincludedintheDistrictwhichterritoryincludesthepropertiesandparcelsoflandproposedtobesubjecttothelevyofaspecialtaxbytheDistrict NOW,THEREFORE,ITISHEREBYRESOLVED:
n__:;_|_ -1-|__ _|_-.._ -__:;_|_ _n ___| _-._.___4..99404142434445 DER;IIUNI.KCCIl'dI$.I[I3HDUVBl8Cll'dlSHIEanUUBanuUUIIBCL SECTION2.InitiationofProceedings.TheseproceedingsareinitiatedbythisCityCouncilpursuanttotheprovisionsoftheAct.

CITYCOUNCILRESOLUTIONNO.3945CFD2005-1
I:\users\SMCCOMAS\AnnuaIFi|es\2005FiIes\Resoiu|ions\ResoNo.3945lwpd

Page 43 of 64 ends

Hemet City CouncilJune 13, 2023

Hemet City Council
June 13, 2023