Finance Committee
July 9, 2024

CITY OF MENIFEE CHANGE PROCEEDING DRAFT v1
Community Facilities District No. 2022‐3 ALL
(Legado)
Tract Nos. 37408 & 37409
Use of Bond Proceeds
491 Lots 201  Lots 330  Lots 1022  Lots
FUNDING REQUIREMENTS IA  1 IA 2 IA 3 Total
City Fees
Law Enforcement $117,348 $44,945 $73,789 $236,082
Fire Facility $311,912 $119,463 $196,133 $627,508
General Government $518,668 $198,651 $326,143 $1,043,462 Pulic Use Facilities $78,232 $29,963 $49,193 $157,388
Parks ‐ Land Acquisition $109,220 $41,831 $68,679 $219,730 Subtotal DIF $1,135,380 $434,853 $713,937 $2,284,170
City Projects $227,076 $86,971 $142,787 $456,834
Fair Share Traffic Impact Fee $2,288,626 $876,548 $1,439,109 $4,604,283 Total City Fees $3,651,082 $1,398,371 $2,295,834 $7,345,287 City Facilities
Circulation Facilities $7,797,030 $2,986,277 $4,902,843 $15,686,150 Circulation Reimbursements ($387,788) ($148,524) ($243,845) ($780,157) Net Circulation Facilities $7,409,242 $2,837,753 $4,658,998 $14,905,993 Storm Drain Facilities $4,638,712 $1,776,635 $2,916,864 $9,332,211 Storm Drain Reimbursements ($835,778) ($320,105) ($525,545) ($1,681,428) Net Storm Drain Facilities $3,802,934 $1,456,530 $2,391,319 $7,650,783 Park Facilities $5,467,710 $2,094,144 $3,438,146 $11,000,000 Park Reimbursements ($1,155,406) ($442,523) ($726,529) ($2,324,458) Net Park Facilities $4,312,304 $1,651,621 $2,711,617 $8,675,542 Interior Road Improvements $11,793,478 $4,516,925 $7,415,847 $23,726,250 Total City Facilities $27,317,958 $10,462,830 $17,177,780 $54,958,568 Total City Fees and Facilities $30,969,040 $11,861,201 $19,473,614 $62,303,855 EWMD Fees
Sewer Financial Participation $1,629,664 $624,164 $1,024,748 $3,278,576 Sewer Treatment Capacity $3,089,148 $1,183,150 $1,942,484 $6,214,782 Water Financial Participation $3,477,260 $1,331,797 $2,186,533 $6,995,590 Water Supply Development Fee $188,976 $72,378 $118,830 $380,184 1" Meter Drop‐In Fee $191,516 $73,351 $120,427 $385,294 Landscape Meter Connection 1 @ 3" $0 $78,399 $128,714 $207,113 Landscape Meter Connection 7 @ 1.5" $124,280 $35,283 $57,927 $217,490 Landscape Meter Connection 7 @ 1" $49,712 $14,113 $23,171 $86,996 Total EMWD Fees $8,750,556 $3,412,635 $5,602,834 $17,766,025 Total Cost $39,719,596 $15,273,836 $25,076,448 $80,069,880 Potential Project Funds Available  $23,079,160 $9,595,492 $14,954,029 $47,628,681 ALLOCATION OF PROCEEDS % IA 1 IA 2 IA 3 Total
City Projects 1% $219,477 $86,971 $142,787 $449,235
City Fees 14% $3,309,423 $1,311,401 $2,153,046 $6,773,870 City Facilities 85% $19,550,260 $8,197,121 $12,658,195 $40,405,576 EMWD Fees 0% $0 $0 $0 $0
Total Funded by Bond Proceeds 100% $23,079,160 $9,595,492 $14,954,029 $47,628,681 UNFUNDED REQUIREMENTS
Total to be Funded by Developer $16,640,436 $5,678,344 $10,122,419 $32,441,199