CFD 2022-2 (McLaughlin Village)
Proforma Summary Sheet
Applicant: Century Communities
Assumptions
Description Amount
Average Coupon 5.20%
Priority Administration $30,000
Cost of Issuance $250,000
Capitalized Interest Period 3-months
Special Tax Escalation 2%
Bond Term 30 Years
Underwriter Discount 2.00%
Total Special Tax Revenues $322,570
Estimated Sources and Uses
Sources
Par Bond Amount $5,080,000
Uses
Reserve Fund $440,118
Capitalized Interest $0
Underwriter Discount $101,600
Cost of Issuance $250,000
Improvement Fund $4,288,282
Allocation of Improvement Fund
Description Originally Proposed 2025 Bonds
City Fees $2,021,040 $2,368,526
City Premium $404,208 $473,705
Romoland School Fees $1,397,438 $1,446,051
Unfunded $65,542 $43,380
Total $3,888,228 $4,331,662
Other Items
Acreage Gross: 14.81; Net: 6.53
Development Description Single Family Residential
Number of Units (50 min) 110 De veloped Units; 126 Total Units Estimated Home Size Range 2,021 SF to 2,420 SF
Average Home Size 2,220 SF
Average Estimated Home Price $554,323
Total Effective Tax Rate (2% Max) 1.93%
CFD Tax Rate Range $2,513 to $2,607
Escalation (2.00% Max) Yes, 2.00%
Maintenance CFD Proposed, CFD 2015-2 Tax Zone 27
Maintenance CFD Rate $384/Unit