Agenda packet — Menifee City Council, June 4, 2025 (part 7 of 9)

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 20

Menifee Mayor and City Council
June 4, 2025
Page
1035 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1425 341291016 24536 LEGION CT MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2466 472050033 33795 LEON RD WINCHESTER CA 92596 886.14 88.61 40.68 182.78 1,198.20 263 331574007 28338 LEVI WAY MENIFEE CA 92585 106.65 10.67 40.68 28.44 186.42 558 335091015 27931 LEXINGTON CT SUN CITY CA 92586 199.69 19.97 40.68 46.86 307.20 407 333451026 29233 LIDO BAY DR ROMOLAND CA 92585 574.61 57.46 40.68 121.10 793.84 440 333560025 29602 LIGHT SHORE CV ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 441 333560032 29581 LIGHT SHORE CV ROMOLAND CA 60601 219.30 21.93 40.68 50.74 332.64 442 333560033 29569 LIGHT SHORE CV ROMOLAND CA 92585 98.06 9.81 40.68 26.74 175.28 2166 364290032 30630 LIME ROCK CIR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 790 336501021 28605 LINCOLNSHIRE CT MENIFEE CA 92584 554.56 55.46 40.68 117.13 767.82 1824 360240027 31693 LINDA LEE DR MENIFEE CA 92054 53.33 5.33 40.68 17.88 117.22 1925 360651008 31776 LINDA LEE DR MENIFEE CA 92584 60.32 6.03 40.68 19.27 126.30 2131 364230036 30265 LINDEN GATE LN MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2132 364230037 30251 LINDEN GATE LN MENIFEE CA 92584 320.72 32.07 40.68 70.82 464.30 2133 364230040 30209 LINDEN GATE LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2134 364240004 30192 LINDEN GATE LN MENIFEE CA 92584 547.95 54.80 40.68 115.82 759.24 2135 364240008 30248 LINDEN GATE LN MENIFEE CA 92553 635.01 63.50 40.68 133.05 872.24 2136 364240010 30276 LINDEN GATE LN MENIFEE CA 92584 182.53 18.25 40.68 43.46 284.92 2253 372170009 32060 LINDENBERGER RD MENIFEE CA 92584 107.82 10.78 40.68 28.67 187.94 2428 388040001 33255 LITTLE REB PL MENIFEE CA 92596 731.86 73.19 40.68 152.23 997.96 1942 360710021 31754 LIVINGSTON ST MENIFEE CA 92584 627.76 62.78 40.68 131.62 862.82 1943 360710030 31862 LIVINGSTON ST MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1944 360720002 31886 LIVINGSTON ST MENIFEE CA 92584 465.77 46.58 40.68 99.54 652.56 1945 360720004 31910 LIVINGSTON ST MENIFEE CA 92584 510.80 51.08 40.68 108.46 711.02 1948 360720036 31817 LIVINGSTON ST MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2143 364250008 29148 LODEN CIR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2144 364250011 29106 LODEN CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2145 364250014 29064 LODEN CIR MENIFEE CA 92584 145.20 14.52 40.68 36.07 236.46 2148 364250051 29221 LODEN CIR MENIFEE CA 75024 572.51 57.25 40.68 120.68 791.12 1541 350233032 23686 LODGE DR SUN CITY CA 92587 40.06 4.01 40.68 15.25 100.00 1548 350251013 23845 LODGE DR QUAIL VALLEY CA 92587 549.11 54.91 40.68 116.05 760.74 1555 350261007 23563 LODGE DR QUAIL VALLEY CA 92587 76.71 7.67 40.68 22.51 147.56 1556 350261022 23717 LODGE DR QUAIL VALLEY CA 92587 625.55 62.56 40.68 131.18 859.96 1557 350261065 23521 LODGE DR QUAIL VALLEY CA 92587 225.50 22.55 40.68 51.97 340.70 604 335382022 25683 LOLA CT SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 1687 358420015 25262 LONE ACRES RD MENIFEE CA 92584 130.36 13.04 40.68 33.13 217.20 1688 358420017 25282 LONE ACRES RD MENIFEE CA 92584 56.01 5.60 40.68 18.41 120.70 1689 358420022 25332 LONE ACRES RD MENIFEE CA 92584 207.12 20.71 40.68 48.33 316.84 1690 358420023 25342 LONE ACRES RD MENIFEE CA 92584 58.64 5.86 40.68 18.93 124.12 630 335500022 27067 LONE STAR WAY SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 428 333500027 29439 LONGLEAF ST MENIFEE CA 92584 61.50 6.15 40.68 19.50 127.82 430 333501019 29422 LONGLEAF ST MENIFEE CA 92584 575.71 57.57 40.68 121.31 795.26 504 333761010 29524 LONGSHIP DR MENIFEE CA 92585 103.35 10.34 40.68 27.79 182.14 507 333762008 29550 LONGSHIP DR MENIFEE CA 92585 538.54 53.85 40.68 113.95 747.02 508 333763007 29537 LONGSHIP DR MENIFEE CA 92585 82.67 8.27 40.68 23.69 155.30 550 333880017 28771 LOOKOUT CIR MENIFEE CA 92584 520.71 52.07 40.68 110.42 723.88 551 333880019 28755 LOOKOUT CIR MENIFEE CA 92584 106.65 10.67 40.68 28.44 186.42 2256 372200023 29760 LORETTA AVE MENIFEE CA 92584 73.50 7.35 40.68 21.88 143.40 2170 364300037 30740 LORING PARK CIR MENIFEE CA 92584 700.38 70.04 40.68 146.00 957.10 683 336211015 28289 LOS CIELOS DR SUN CITY CA 92586 110.28 11.03 40.68 29.16 191.14 682 336211013 28301 LOS CIELOS RD SUN CITY CA 92586 478.81 47.88 40.68 102.13 669.50 687 336212018 28284 LOS CIELOS RD SUN CITY CA 92586 349.63 34.96 40.68 76.55 501.82 2437 461771007 27204 LOST PALM ST MENIFEE CA 92585 245.12 24.51 40.68 55.86 366.16 2438 461771008 27192 LOST PALM ST MENIFEE CA 92585 111.02 11.10 40.68 29.30 192.10 2249 372090030 29985 LOWREY LN # B MENIFEE CA 92596 722.23 72.22 40.68 150.32 985.46 1485 350102035 23920 LUCAS DR QUAIL VALLEY CA 92377 45.00 4.50 40.68 16.23 106.40 1486 350102047 23800 LUCAS DR QUAIL VALLEY CA 92587 295.77 29.58 40.68 65.88 431.90 1490 350103055 23981 LUCAS DR QUAIL VALLEY CA 92587 152.06 15.21 40.68 37.43 245.38 1492 350103060 23959 LUCAS DR QUAIL VALLEY CA 92587 559.30 55.93 40.68 118.06 773.96 1495 350112052 23720 LUCAS DR QUAIL VALLEY CA 92587 567.91 56.79 40.68 119.77 785.14 1496 350113010 23593 LUCAS DR QUAIL VALLEY CA 92587 700.36 70.04 40.68 145.99 957.06 1039 339223028 29505 LUXOR RD MENIFEE CA 92584 26.35 2.64 40.68 12.54 82.20 2024 362290016 33251 LYNX RD MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1062 339273002 25265 LYRA CT SUN CITY CA 92586 656.51 65.65 40.68 137.31 900.14 157 329380057 25602 MACINTOSH CT ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 159 329382004 25633 MACINTOSH CT ROMOLAND CA 92585 658.92 65.89 40.68 137.79 903.28 160 329382005 25645 MACINTOSH CT ROMOLAND CA 87122 142.43 14.24 40.68 35.52 232.88 161 329382006 25657 MACINTOSH CT ROMOLAND CA 92585 445.98 44.60 40.68 95.63 626.88 168 329391034 25561 MACINTOSH CT ROMOLAND CA 92585 545.87 54.59 40.68 115.40 756.54 1846 360422024 26807 MADERA CT MENIFEE CA 92584 293.59 29.36 40.68 65.45 429.08 1847 360422028 26855 MADERA CT MENIFEE CA 92584 390.79 39.08 40.68 84.70 555.24 476 333680046 28783 MAHOGANY TRAIL WAY MENIFEE CA 92584 318.20 31.82 40.68 70.33 461.02 482 333690023 28695 MAHOGANY TRAIL WAY MENIFEE CA 92584 213.30 21.33 40.68 49.56 324.86 483 333690031 28712 MAHOGANY TRAIL WAY MENIFEE CA 92584 258.90 25.89 40.68 58.58 384.04 163 329391010 25538 MAIER CIR ROMOLAND CA 92585 691.73 69.17 40.68 144.28 945.86 164 329391014 25521 MAIER CIR ROMOLAND CA 92585 674.20 67.42 40.68 140.81 923.10 165 329391015 25533 MAIER CIR ROMOLAND CA 92585 567.91 56.79 40.68 119.77 785.14 23 327120033 24262 MALAGA RD ROMOLAND CA 92585 1,205.89 120.59 40.68 246.09 1,613.24 24 327140013 24450 MALAGA RD ROMOLAND CA 92585 697.70 69.77 40.68 145.47 953.62 1967 360781010 26441 MALLORY CT MENIFEE CA 92584 20.98 2.10 40.68 11.48 75.22 1968 360782001 26388 MALLORY CT MENIFEE CA 92584 373.11 37.31 40.68 81.20 532.30 1971 360790012 26328 MALLORY CT MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20

Page 16 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 21

Menifee Mayor and City Council
June 4, 2025
Page
1036 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 31 327380009 25060 MALONE AVE ROMOLAND CA 92585 559.98 56.00 40.68 118.20 774.86 36 327390008 25175 MALONE AVE ROMOLAND CA 92585 700.36 70.04 40.68 145.99 957.06 1814 360211007 27085 MALTESE WAY MENIFEE CA 92584 552.81 55.28 40.68 116.78 765.54 553 335030010 27625 MANGANESE RD QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1359 340671041 29259 MANGROVE CIR MENIFEE CA 92584 503.35 50.34 40.68 106.99 701.34 1581 351051013 29619 MANZANA DR CANYON LAKE CA 92587 404.88 40.49 40.68 87.49 573.54 29 327360026 28540 MAPES RD ROMOLAND CA 92585 576.61 57.66 40.68 121.49 796.44 30 327370005 29675 MAPES RD ROMOLAND CA 92585 700.36 70.04 40.68 145.99 957.06 2242 372062023 28674 MAPLEWOOD DR MENIFEE CA 92584 140.01 14.00 40.68 35.04 229.74 2247 372074002 28548 MAPLEWOOD DR MENIFEE CA 92584 365.18 36.52 40.68 79.63 522.00 1908 360592026 31800 MAPSTON CT MENIFEE CA 87801 635.01 63.50 40.68 133.05 872.24 2430 388051008 28601 MARCALOPE LN MENIFEE CA 92584 499.10 49.91 40.68 106.14 695.82 1812 360190013 31481 MARGUERITE PL MENIFEE CA 92584 54.40 5.44 40.68 18.09 118.60 221 331432019 26772 MARIS CT SUN CITY CA 92586 111.65 11.17 40.68 29.43 192.92 222 331432031 26765 MARIS CT SUN CITY CA 92585 555.20 55.52 40.68 117.25 768.64 448 333582011 29957 MARITIME WAY ROMOLAND CA 92585 215.24 21.52 40.68 49.94 327.38 449 333582015 29901 MARITIME WAY MENIFEE CA 92585 407.12 40.71 40.68 87.93 576.44 957 338321017 26655 MARK TWAIN CT SUN CITY CA 92586 602.64 60.26 40.68 126.65 830.22 2089 364112012 30219 MARNE WAY MENIFEE CA 95046 518.43 51.84 40.68 109.97 720.92 2090 364113013 30162 MARNE WAY MENIFEE CA 92584 228.15 22.82 40.68 52.50 344.14 243 331480021 26737 MATRIX CT MENIFEE CA 92585 425.74 42.57 40.68 91.62 600.60 244 331480024 26773 MATRIX CT SUN CITY CA 92585 127.04 12.70 40.68 32.48 212.90 1819 360240004 31553 MAYHEW LN MENIFEE CA 92584 372.58 37.26 40.68 81.09 531.60 1821 360240008 31655 MAYHEW LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1822 360240014 31604 MAYHEW LN MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 343 333301012 27828 MAYWOOD BEND DR SUN CITY CA 92585 108.28 10.83 40.68 28.76 188.54 354 333321013 27957 MAYWOOD BEND DR SUN CITY CA 92585 196.65 19.67 40.68 46.26 303.24 355 333321019 27885 MAYWOOD BEND DR SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 302 333230012 28211 MCCALL BLVD SUN CITY CA 92585 509.05 50.91 40.68 108.11 708.74 564 335132054 26188 MCCALL BLVD SUN CITY CA 92586 141.32 14.13 40.68 35.30 231.44 910 338253017 29547 MCGALLIARD RD SUN CITY CA 92586 567.91 56.79 40.68 119.77 785.14 913 338254004 29536 MCGALLIARD RD SUN CITY CA 92536 576.71 57.67 40.68 121.51 796.56 176 330250039 25865 MCLAUGHLIN RD SUN CITY CA 92585 165.08 16.51 40.68 40.01 262.28 185 331040030 26229 MCLAUGHLIN RD SUN CITY CA 92586 447.77 44.78 40.68 95.98 629.20 186 331040031 26241 MCLAUGHLIN RD SUN CITY CA 92586 559.30 55.93 40.68 118.06 773.96 2413 384050006 26560 MEADOW RD MENIFEE CA 92584 55.93 5.59 40.68 18.40 120.60 2093 364131007 30489 MEADOW RUN PL MENIFEE CA 92584 297.72 29.77 40.68 66.27 434.44 2245 372071020 28567 MEADOW VIEW DR MENIFEE CA 92584 106.65 10.67 40.68 28.44 186.42 1227 340340036 29135 MEANDERING CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1228 340340057 29140 MEANDERING CIR MENIFEE CA 37128 297.45 29.75 40.68 66.22 434.08 1229 340341004 29175 MEANDERING CIR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 575 335243013 27659 MEDFORD WAY SUN CITY CA 92586 508.51 50.85 40.68 108.01 708.04 577 335244013 27590 MEDFORD WAY MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 1040 339231001 29640 MELITTA RD MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 1047 339242003 29723 MELITTA RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1048 339242004 29731 MELITTA RD MENIFEE CA 92584 498.17 49.82 40.68 105.96 694.62 44 327460004 24821 MELROSE DR ROMOLAND CA 91731 456.72 45.67 40.68 97.75 640.82 1660 358160009 31231 MELVIN ST MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1662 358170006 31140 MELVIN ST MENIFEE CA 92584 696.75 69.68 40.68 145.28 952.38 1667 358200015 31309 MELVIN ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1670 358200029 31417 MELVIN ST MENIFEE CA 92586 138.50 13.85 40.68 34.75 227.78 1671 358210009 31390 MELVIN ST MENIFEE CA 92584 711.17 71.12 40.68 148.13 971.10 1672 358210010 31400 MELVIN ST MENIFEE CA 92584 322.77 32.28 40.68 71.23 466.96 1673 358210012 31430 MELVIN ST MENIFEE CA 92877 138.50 13.85 40.68 34.75 227.78 946 338311015 29934 MENIFEEGE DR MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 1841 360421026 26845 MERCED ST MENIFEE CA 91745 425.71 42.57 40.68 91.61 600.56 1842 360422001 26888 MERCED ST MENIFEE CA 92584 525.53 52.55 40.68 111.38 730.14 1843 360422006 26804 MERCED ST MENIFEE CA 92584 418.68 41.87 40.68 90.22 591.44 1844 360422008 26780 MERCED ST MENIFEE CA 92584 549.74 54.97 40.68 116.17 761.56 1211 340161017 29101 MERCURY CIR MENIFEE CA 23320 133.64 13.36 40.68 33.78 221.46 1212 340161021 29069 MERCURY CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1213 340161026 29074 MERCURY CIR MENIFEE CA 92584 255.48 25.55 40.68 57.91 379.62 1214 340161027 29082 MERCURY CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1753 358740062 30119 MERRICK LN MENIFEE CA 92584 221.49 22.15 40.68 51.18 335.50 1759 358750054 30071 MERRICK LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1246 340420005 29107 MESA CREST WAY MENIFEE CA 92584 548.03 54.80 40.68 115.83 759.34 2246 372071025 31747 MESA VIEW DR MENIFEE CA 92064 576.71 57.67 40.68 121.51 796.56 1790 360073023 27234 MICHENER DR MENIFEE CA 92584 345.66 34.57 40.68 75.76 496.66 2351 372442001 31733 MIDDLEBROOK LN MENIFEE CA 92584 144.89 14.49 40.68 36.01 236.06 2352 372442002 31719 MIDDLEBROOK LN MENIFEE CA 92584 49.61 4.96 40.68 17.15 112.40 2357 372452001 31852 MIDDLEBROOK LN MENIFEE CA 92584 398.76 39.88 40.68 86.28 565.58 996 339111013 28606 MIDDLEBURY WAY SUN CITY CA 92586 520.71 52.07 40.68 110.42 723.88 2119 364211012 28634 MIDSUMMER LN MENIFEE CA 91001 484.47 48.45 40.68 103.25 676.84 2123 364213023 28595 MIDSUMMER LN MENIFEE CA 92584 535.71 53.57 40.68 113.39 743.34 1911 360610010 26448 MILENA DR MENIFEE CA 92584 49.93 4.99 40.68 17.21 112.80 1912 360610011 26434 MILENA DR MENIFEE CA 92584 219.50 21.95 40.68 50.78 332.90 1312 340522040 29356 MILFORD CT MENIFEE CA 77494 88.68 8.87 40.68 24.88 163.10 1313 340522044 29406 MILFORD CT MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 1012 339153003 28880 MILKY WAY SUN CITY CA 92586 670.92 67.09 40.68 140.16 918.86 1013 339153005 28906 MILKY WAY SUN CITY CA 92586 413.06 41.31 40.68 89.11 584.14 1031 339213011 28591 MILKY WAY SUN CITY CA 92879 66.92 6.69 40.68 20.57 134.86 1032 339215001 28584 MILKY WAY SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56

Page 17 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 22

Menifee Mayor and City Council
June 4, 2025
Page
1037 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1033 339215006 28602 MILKY WAY SUN CITY CA 92705 51.28 5.13 40.68 17.48 114.56 1063 339274001 28568 MILKY WAY SUN CITY CA 92586 509.45 50.95 40.68 108.19 709.26 454 333610007 28029 MILLSTREAM CT ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 455 333610012 28065 MILLSTREAM CT ROMOLAND CA 92585 231.10 23.11 40.68 53.08 347.96 456 333612004 28177 MILLSTREAM CT ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 457 333612011 28216 MILLSTREAM CT ROMOLAND CA 92585 508.02 50.80 40.68 107.91 707.40 2255 372200022 32698 MIRA ST MENIFEE CA 92584 21.75 2.18 40.68 11.63 76.22 2311 372340019 32709 MIRA ST MENIFEE CA 92584 35.07 3.51 40.68 14.27 93.52 1871 360480046 26953 MIRABELLA CT MENIFEE CA 92584 41.30 4.13 40.68 15.50 101.60 1872 360480056 26888 MIRABELLA CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1884 360500017 30776 MIRAGE CIR MENIFEE CA 92584 397.63 39.76 40.68 86.05 564.12 2046 364051005 30407 MIRANDA DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2240 372061031 28690 MISSION DR MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 2248 372074003 28505 MISSION DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 358 333330027 29038 MISTY POINT LN ROMOLAND CA 92585 663.98 66.40 40.68 138.79 909.84 362 333331001 29127 MISTY POINT LN ROMOLAND CA 92585 194.51 19.45 40.68 45.84 300.48 391 333422012 29141 MOJAVE CT SUN CITY CA 92585 722.23 72.22 40.68 150.32 985.46 76 329171009 27751 MONROE AVE ROMOLAND CA 92585 671.41 67.14 40.68 140.26 919.48 77 329171010 27743 MONROE AVE ROMOLAND CA 92548 722.23 72.22 40.68 150.32 985.46 78 329172011 27837 MONROE AVE ROMOLAND CA 92570 760.79 76.08 40.68 157.96 1,035.50 79 329172012 27829 MONROE AVE ROMOLAND CA 92585 508.99 50.90 40.68 108.10 708.66 104 329203025 27714 MONROE AVE ROMOLAND CA 92562 867.75 86.78 40.68 179.14 1,174.34 105 329211001 27709 MONROE AVE ROMOLAND CA 92585 654.63 65.46 40.68 136.94 897.70 106 329211002 27703 MONROE AVE ROMOLAND CA 92586 346.73 34.67 40.68 75.97 498.06 107 329211007 27665 MONROE AVE ROMOLAND CA 92585 288.68 28.87 40.68 64.48 422.70 116 329232011 27536 MONROE AVE ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 118 329233003 27595 MONROE AVE MENIFEE CA 92585 514.17 51.42 40.68 109.13 715.40 1437 341330002 24382 MONTGOMERY WAY MENIFEE CA 92584 288.68 28.87 40.68 64.48 422.70 1222 340331012 29272 MOON HILL CT MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2103 364144001 28591 MOON SHADOW DR MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 2107 364145020 28661 MOON SHADOW DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 868 338111003 29821 MOONDANCE WAY SUN CITY CA 92124 403.57 40.36 40.68 87.23 571.84 279 331611002 26842 MOONFLOWER CT SUN CITY CA 92585 513.70 51.37 40.68 109.04 714.78 284 331612019 26733 MOONFLOWER CT MENIFEE CA 92585 303.53 30.35 40.68 67.42 441.98 285 331612030 26802 MOONFLOWER CT MENIFEE CA 92585 116.65 11.67 40.68 30.42 199.40 304 333251002 27738 MOONRIDGE DR SUN CITY CA 97524 216.44 21.64 40.68 50.18 328.94 305 333251022 27697 MOONRIDGE DR SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 308 333252013 27854 MOONRIDGE DR MENIFEE CA 92585 355.32 35.53 40.68 77.68 509.20 309 333252014 27862 MOONRIDGE DR SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 310 333253007 27831 MOONRIDGE DR SUN CITY CA 92585 262.90 26.29 40.68 59.38 389.24 489 333710055 29526 MOORINGS CT MENIFEE CA 92585 576.71 57.67 40.68 121.51 796.56 52 329070069 28355 MORELAND RD ROMOLAND CA 92585 139.30 13.93 40.68 34.90 228.80 2387 372551003 31368 MORGAN HORSE ST MENIFEE CA 92584 351.31 35.13 40.68 76.88 504.00 2388 372551005 31344 MORGAN HORSE ST MENIFEE CA 92584 328.91 32.89 40.68 72.45 474.92 1009 339133023 25777 MORGANTOWN WAY MENIFEE CA 92586 350.32 35.03 40.68 76.69 502.72 1101 339373001 29700 MORNING BREEZE DR MENIFEE CA 92584 225.50 22.55 40.68 51.97 340.70 1104 339401012 29950 MORNING BREEZE DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1105 339401013 29960 MORNING BREEZE DR MENIFEE CA 92584 545.77 54.58 40.68 115.38 756.40 2359 372463009 28975 MORNINGSIDE LN MENIFEE CA 92584 671.09 67.11 40.68 140.20 919.08 2360 372463010 28961 MORNINGSIDE LN MENIFEE CA 28540 576.71 57.67 40.68 121.51 796.56 2361 372463030 28884 MORNINGSIDE LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1933 360660021 27431 MORTENSEN CT MENIFEE CA 92584 635.01 63.50 40.68 133.05 872.24 143 329371003 25660 MOTTE CIR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 144 329371009 25703 MOTTE CIR ROMOLAND CA 92585 563.43 56.34 40.68 118.88 779.32 907 338251011 29511 MOUNT BACHELOR WAY SUN CITY CA 92009 355.32 35.53 40.68 77.68 509.20 917 338262012 29662 MOUNT BACHELOR WAY SUN CITY CA 92586 548.04 54.80 40.68 115.83 759.36 1517 350192030 23720 MOUNT VERNON PL QUAIL VALLEY CA 92587 552.81 55.28 40.68 116.78 765.54 1518 350193056 23617 MOUNT VERNON PL QUAIL VALLEY CA 92587 202.43 20.24 40.68 47.40 310.76 1522 350202055 23780 MOUNT VERNON PL MENIFEE CA 92587 121.72 12.17 40.68 31.42 205.98 1523 350203010 23849 MOUNT VERNON PL SUN CITY CA 92587 1,013.27 101.33 40.68 207.95 1,363.22 1996 360920013 30795 MOUNTAIN ASH CIR MENIFEE CA 92584 67.32 6.73 40.68 20.65 135.38 1997 360920018 30855 MOUNTAIN ASH CIR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2315 372360021 31005 MOUNTAIN CLIFF RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 621 335470029 25647 MOUNTAIN GLEN CIR SUN CITY CA 92585 431.88 43.19 40.68 92.83 608.58 1866 360470015 26802 MOUNTAIN GLEN DR MENIFEE CA 92584 567.51 56.75 40.68 119.69 784.62 1143 339460001 25575 MOUNTAIN SPRINGS ST MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1144 339460007 25503 MOUNTAIN SPRINGS ST MENIFEE CA 92584 436.51 43.65 40.68 93.75 614.58 1149 339471026 25389 MOUNTAIN SPRINGS ST MENIFEE CA 92584 95.52 9.55 40.68 26.24 171.98 1499 350122010 28351 MOUNTAIN VIEW PL MENIFEE CA 92570 111.65 11.17 40.68 29.43 192.92 1500 350122019 28455 MOUNTAIN VIEW PL QUAIL VALLEY CA 92587 1,298.94 129.89 40.68 264.51 1,734.02 1510 350181011 28611 MOUNTAIN VIEW PL QUAIL VALLEY CA 92587 172.03 17.20 40.68 41.38 271.30 1511 350182005 28651 MOUNTAIN VIEW PL QUAIL VALLEY CA 92587 138.50 13.85 40.68 34.75 227.78 2212 364411016 27555 MOUNTAINSIDE ST MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2199 364370021 30194 MUIRLANDS DR MENIFEE CA 92584 534.11 53.41 40.68 113.08 741.28 796 337090024 28286 MURRIETA RD SUN CITY CA 92586 356.71 35.67 40.68 77.95 511.00 797 337090027 28322 MURRIETA RD SUN CITY CA 92586 481.63 48.16 40.68 102.69 673.16 803 337104003 28406 MURRIETA RD SUN CITY CA 92584 364.63 36.46 40.68 79.52 521.28 805 337112037 28536 MURRIETA RD SUN CITY CA 92586 520.71 52.07 40.68 110.42 723.88 981 339061002 28151 MURRIETA RD SUN CITY CA 92586 283.41 28.34 40.68 63.44 415.86 993 339103002 28391 MURRIETA RD SUN CITY CA 92586 313.81 31.38 40.68 69.46 455.32 994 339103009 28491 MURRIETA RD SUN CITY CA 92586 152.04 15.20 40.68 37.43 245.34 1008 339133002 28799 MURRIETA RD SUN CITY CA 92586 243.15 24.32 40.68 55.47 363.60

Page 18 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 23

Menifee Mayor and City Council
June 4, 2025
Page
1038 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1674 358210020 31441 MURRIETA RD MENIFEE CA 92584 666.23 66.62 40.68 139.24 912.76 1675 358210032 31355 MURRIETA RD MENIFEE CA 92591 190.74 19.07 40.68 45.09 295.58 1778 360040013 30850 MURRIETA RD MENIFEE CA 97419 494.02 49.40 40.68 105.14 689.24 2027 362440020 32285 MURRIETA RD MENIFEE CA 92584 1,985.00 198.50 40.68 400.35 2,624.52 2029 362440027 32017 MURRIETA RD MENIFEE CA 92028 513.79 51.38 40.68 109.05 714.90 13 9721719 27250 MURRIETA RD SPC 140 SUN CITY CA 92586 106.74 10.67 40.68 28.46 186.54 5 9711813 27250 MURRIETA RD UNIT 051 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 15 9722565 27250 MURRIETA RD UNIT 125 SUN CITY CA 92586 136.74 13.67 40.68 34.40 225.48 17 9722753 27250 MURRIETA RD UNIT 126 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 9 9719101 27250 MURRIETA RD UNIT 219 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 12 9721603 27250 MURRIETA RD UNIT 232 SUN CITY CA 92586 106.74 10.67 40.68 28.46 186.54 11 9720600 27250 MURRIETA RD UNIT 254 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 10 9720455 27250 MURRIETA RD UNIT 266 SUN CITY CA 92586 56.74 5.67 40.68 18.56 121.64 16 9722572 27250 MURRIETA RD UNIT 281 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 18 9723481 27250 MURRIETA RD UNIT 295 SUN CITY CA 92586 156.74 15.67 40.68 38.36 251.44 3 9711640 27250 MURRIETA RD UNIT 339 SUN CITY CA 92586 97.29 9.73 40.68 26.59 174.28 4 9711719 27250 MURRIETA RD UNIT 369 SUN CITY CA 92586 68.37 6.84 40.68 20.86 136.74 220 331432014 26803 MUSIAL CIR SUN CITY CA 92586 137.25 13.73 40.68 34.50 226.14 1005 339124018 25810 MUSSELBURGH DR MENIFEE CA 92586 556.81 55.68 40.68 117.57 770.74 246 331480043 27152 MYLES CT SUN CITY CA 60601 550.53 55.05 40.68 116.33 762.58 247 331480047 27200 MYLES CT SUN CITY CA 92058 176.71 17.67 40.68 42.31 277.36 403 333440028 27055 N BAY LN ROMOLAND CA 92585 341.39 34.14 40.68 74.92 491.12 408 333460015 26827 N BAY LN ROMOLAND CA 92585 475.07 47.51 40.68 101.39 664.64 409 333460020 26860 N BAY LN ROMOLAND CA 92585 445.15 44.52 40.68 95.46 625.80 1363 341030004 24427 N CANYON DR QUAIL VALLEY CA 92587 244.73 24.47 40.68 55.78 365.66 1369 341040052 24355 N CANYON DR QUAIL VALLEY CA 92587 520.71 52.07 40.68 110.42 723.88 2420 384090012 33120 NANCY LN MENIFEE CA 92586 339.10 33.91 40.68 74.46 488.14 1868 360472001 30378 NAPA ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1576 351043013 29575 NARANJA DR MENIFEE CA 92587 371.43 37.14 40.68 80.87 530.12 1577 351043018 29553 NARANJA DR QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1578 351043022 29567 NARANJA DR QUAIL VALLEY CA 92587 233.64 23.36 40.68 53.58 351.26 1579 351051003 29594 NARANJA DR QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1580 351051011 29630 NARANJA DR CANYON LAKE CA 92587 567.15 56.72 40.68 119.62 784.16 433 333542001 28475 NAUTICAL POINT CIR SUN CITY CA 92585 552.81 55.28 40.68 116.78 765.54 377 333362008 29070 NAVIGATOR WAY ROMOLAND CA 92585 297.07 29.71 40.68 66.14 433.60 378 333362009 29082 NAVIGATOR WAY ROMOLAND CA 92585 712.23 71.22 40.68 148.34 972.48 2377 372520013 31587 NAVY SKY DR MENIFEE CA 92584 100.00 10.00 40.68 27.12 177.80 460 333624018 29297 NECTARINE ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1973 360791005 31861 NETTLE CT MENIFEE CA 92584 535.31 53.53 40.68 113.31 742.82 1208 340151015 29171 NEW ARROWHEAD DR MENIFEE CA 92584 506.73 50.67 40.68 107.65 705.74 1201 340130016 28956 NEW HARMONY CT MENIFEE CA 92584 519.71 51.97 40.68 110.22 722.58 1551 350253030 23780 NEWPORT DR QUAIL VALLEY CA 92223 722.23 72.22 40.68 150.32 985.46 1564 350263027 23750 NEWPORT DR QUAIL VALLEY CA 92587 233.64 23.36 40.68 53.58 351.26 1565 350263035 23666 NEWPORT DR QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1566 350263060 23540 NEWPORT DR QUAIL VALLEY CA 92587 174.64 17.46 40.68 41.90 274.68 1567 350263061 23576 NEWPORT DR QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1706 358500009 30138 NIGHT PASSAGE CIR MENIFEE CA 92584 505.69 50.57 40.68 107.45 704.38 1707 358500014 30198 NIGHT PASSAGE CIR MENIFEE CA 92584 525.84 52.58 40.68 111.44 730.54 1708 358501003 30201 NIGHT PASSAGE CIR MENIFEE CA 92584 490.98 49.10 40.68 104.54 685.28 1159 339492001 25873 NIGHT SHADE ST MENIFEE CA 92584 201.45 20.15 40.68 47.21 309.48 1549 350251017 23820 NORMA DR MENIFEE CA 92587 576.71 57.67 40.68 121.51 796.56 1550 350252011 23829 NORMA DR MENIFEE CA 92587 518.01 51.80 40.68 109.89 720.38 1553 350255005 23907 NORMA DR QUAIL VALLEY CA 92587 116.65 11.67 40.68 30.42 199.40 1554 350255011 23971 NORMA DR QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1558 350262002 23515 NORMA DR QUAIL VALLEY CA 92584 35.63 3.56 40.68 14.38 94.24 1559 350262009 23577 NORMA DR QUAIL VALLEY CA 92587 559.30 55.93 40.68 118.06 773.96 1560 350262015 23545 NORMA DR QUAIL VALLEY CA 92587 495.36 49.54 40.68 105.40 690.98 1561 350262021 23701 NORMA DR QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 954 338320018 26622 NORTH FORK WAY SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 958 338321022 26681 NORTH FORK WAY SUN CITY CA 92586 388.52 38.85 40.68 84.25 552.30 2296 372301018 28432 NORTH STAR LN MENIFEE CA 92584 689.57 68.96 40.68 143.86 943.06 2297 372301020 28404 NORTH STAR LN MENIFEE CA 93033 133.31 13.33 40.68 33.72 221.04 2327 372391005 28339 NORTH STAR LN MENIFEE CA 92584 552.81 55.28 40.68 116.78 765.54 2334 372400004 28423 NORTH STAR LN MENIFEE CA 92584 635.01 63.50 40.68 133.05 872.24 119 329261008 25981 NORTH WINDS DR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 120 329261017 25845 NORTH WINDS DR ROMOLAND CA 92585 867.75 86.78 40.68 179.14 1,174.34 121 329261018 25823 NORTH WINDS DR ROMOLAND CA 92585 533.87 53.39 40.68 113.03 740.96 122 329261024 25741 NORTH WINDS DR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 123 329262005 25826 NORTH WINDS DR ROMOLAND CA 92064 460.26 46.03 40.68 98.45 645.42 2330 372392010 31416 NORTHCREST CT MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2331 372392012 31388 NORTHCREST CT MENIFEE CA 95070 83.64 8.36 40.68 23.88 156.56 2333 372393013 28315 NORTHMOORE PL MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1293 340510008 29777 NORTHSHORE ST MENIFEE CA 92584 296.74 29.67 40.68 66.08 433.16 1294 340510009 29767 NORTHSHORE ST MENIFEE CA 92584 525.48 52.55 40.68 111.37 730.08 1295 340510010 29757 NORTHSHORE ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 174 330250025 25760 NOVA LN SUN CITY CA 92585 700.36 70.04 40.68 145.99 957.06 175 330250026 25770 NOVA LN SUN CITY CA 92586 631.82 63.18 40.68 132.42 868.10 187 331040032 26025 NOVA LN SUN CITY CA 92585 484.47 48.45 40.68 103.25 676.84 1080 339313010 25811 NUBS CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1258 340441006 29114 OAK CREEK RD MENIFEE CA 92882 576.71 57.67 40.68 121.51 796.56 1259 340442003 29229 OAK CREEK RD MENIFEE CA 92584 431.07 43.11 40.68 92.67 607.52 1260 340450001 29067 OAK CREEK RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56

Page 19 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 24

Menifee Mayor and City Council
June 4, 2025
Page
1039 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 2189 364340015 30766 OAK KNOLL DR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1999 360930006 30576 OAK SUMMIT DR MENIFEE CA 92584 95.03 9.50 40.68 26.14 171.34 888 338213010 29557 OAKBRIDGE DR SUN CITY CA 92584 492.83 49.28 40.68 104.90 687.70 894 338224008 29720 OAKBRIDGE DR SUN CITY CA 92586 111.65 11.17 40.68 29.43 192.92 945 338311009 29864 OAKBRIDGE DR SUN CITY CA 92586 170.63 17.06 40.68 41.11 269.48 949 338312002 29945 OAKBRIDGE DR SUN CITY CA 92586 511.93 51.19 40.68 108.68 712.48 950 338312006 29899 OAKBRIDGE DR SUN CITY CA 92586 383.01 38.30 40.68 83.16 545.14 834 337333009 26947 OAKMONT DR SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 840 337371012 26850 OAKMONT DR SUN CITY CA 92584 324.83 32.48 40.68 71.64 469.62 381 333381011 29098 O FFSHORE CT ROMOLAND CA 92585 567.91 56.79 40.68 119.77 785.14 1504 350152007 23441 OHIO PL QUAIL VALLEY CA 92587 692.13 69.21 40.68 144.36 946.38 2031 362810010 26410 OKUMA RD MENIFEE CA 92584 197.03 19.70 40.68 46.33 303.74 1766 358770042 30231 OLD MILL RD MENIFEE CA 92584 304.61 30.46 40.68 67.64 443.38 1767 358770051 30123 OLD MILL RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 546 333870039 27226 OLD MINER CIR MENIFEE CA 92585 459.21 45.92 40.68 98.25 644.06 1806 360100006 30525 OLD WINDMILL RD MENIFEE CA 92593 2,598.62 259.86 40.68 521.85 3,421.00 844 337384004 28891 OLYMPIA WAY SUN CITY CA 92586 106.65 10.67 40.68 28.44 186.42 853 338042003 29033 OLYMPIA WAY SUN CITY CA 92586 102.62 10.26 40.68 27.64 181.20 509 333771004 29536 OLYMPIC DR MENIFEE CA 92585 373.15 37.32 40.68 81.21 532.34 510 333771013 29656 OLYMPIC DR ROMOLAND CA 92585 33.30 3.33 40.68 13.92 91.22 511 333781014 29908 OLYMPIC DR MENIFEE CA 92585 473.70 47.37 40.68 101.12 662.86 512 333782007 29805 OLYMPIC DR MENIFEE CA 92585 151.96 15.20 40.68 37.41 245.24 513 333782011 29853 OLYMPIC DR MENIFEE CA 92585 133.50 13.35 40.68 33.76 221.28 286 331621001 27132 ONCORE DR MENIFEE CA 92585 191.47 19.15 40.68 45.23 296.52 1981 360810023 26691 OPALESCENT DR MENIFEE CA 92584 189.89 18.99 40.68 44.92 294.48 275 331603010 26715 ORCHID CT MENIFEE CA 92585 355.04 35.50 40.68 77.62 508.84 276 331603011 26703 ORCHID CT MENIFEE CA 92585 576.71 57.67 40.68 121.51 796.56 1502 350132006 28320 OREGON PL QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1020 339164021 25575 ORION CT SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 552 333881014 28792 OUTLAW WAY MENIFEE CA 92584 124.36 12.44 40.68 31.95 209.42 359 333330041 29064 OVERBOARD DR ROMOLAND CA 92585 34.96 3.50 40.68 14.24 93.38 363 333331011 29184 OVERBOARD DR MENIFEE CA 92585 503.89 50.39 40.68 107.09 702.04 364 333333003 29177 OVERBOARD DR ROMOLAND CA 92585 497.45 49.75 40.68 105.82 693.68 365 333333010 29093 OVERBOARD DR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 2295 372300005 28393 OVERLAND CT MENIFEE CA 92584 569.54 56.95 40.68 120.09 787.26 341 333301001 27831 OVERLAND WAY SUN CITY CA 92585 44.32 4.43 40.68 16.10 105.52 342 333301005 27783 OVERLAND WAY MENIFEE CA 92530 111.65 11.17 40.68 29.43 192.92 1240 340411002 29364 OWL CREEK CT MENIFEE CA 92584 106.65 10.67 40.68 28.44 186.42 1241 340411005 29394 OWL CREEK CT MENIFEE CA 92584 85.43 8.54 40.68 24.24 158.88 2009 360971015 30403 PACA CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2346 372430003 31749 PACIFIC BLUFF ST MENIFEE CA 92584 155.32 15.53 40.68 38.08 249.60 2347 372430004 31763 PACIFIC BLUFF ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 948 338311029 29953 PACIFIC CHANNEL WAY SUN CITY CA 92586 637.34 63.73 40.68 133.52 875.26 951 338312022 29936 PACIFIC CHANNEL WAY SUN CITY CA 92586 478.31 47.83 40.68 102.03 668.84 952 338313006 29827 PACIFIC CHANNEL WAY SUN CITY CA 92586 664.98 66.50 40.68 138.99 911.14 229 331461010 27191 PAIGE CIR SUN CITY CA 92585 376.71 37.67 40.68 81.91 536.96 230 331461013 27172 PAIGE CIR SUN CITY CA 92585 233.64 23.36 40.68 53.58 351.26 231 331461014 27160 PAIGE CIR SUN CITY CA 92585 626.69 62.67 40.68 131.41 861.44 1131 339432010 25051 PAINTED CANYON CT MENIFEE CA 92584 399.18 39.92 40.68 86.36 566.14 1132 339432020 25086 PAINTED CANYON CT MENIFEE CA 91950 476.67 47.67 40.68 101.70 666.72 1204 340140013 29729 PAINTED DESERT DR MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 1209 340154006 29650 PAINTED DESERT DR MENIFEE CA 92037 238.58 23.86 40.68 54.56 357.68 2260 372212022 31817 PALM VISTA CT MENIFEE CA 92584 711.17 71.12 40.68 148.13 971.10 644 336011015 27190 PALOMA WAY MENIFEE CA 92586 548.03 54.80 40.68 115.83 759.34 46 329070009 25435 PALOMAR RD ROMOLAND CA 92585 470.60 47.06 40.68 100.50 658.84 50 329070058 25301 PALOMAR RD MENIFEE CA 92585 55.32 5.53 40.68 18.28 119.80 258 331540009 27375 PALOMAR RD SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 294 333091008 27702 PALOMAR RD SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 295 333091024 27680 PALOMAR RD SUN CITY CA 92585 722.23 72.22 40.68 150.32 985.46 2238 372061006 31578 PALOMAR RD MENIFEE CA 92584 403.94 40.39 40.68 87.30 572.32 2244 372071009 31746 PALOMAR RD MENIFEE CA 92584 577.43 57.74 40.68 121.65 797.50 1160 339493002 29123 PAPERFLOWER LN MENIFEE CA 92584 520.11 52.01 40.68 110.30 723.10 156 329380035 25678 PAPILLON CT MENIFEE CA 92585 621.26 62.13 40.68 130.33 854.40 838 337363014 26678 PAR DR SUN CITY CA 90045 417.79 41.78 40.68 90.04 590.28 2409 384030008 33090 PARADISE LN MENIFEE CA 92584 650.68 65.07 40.68 136.16 892.58 1749 358700006 24760 PARADISE MEADOWS DR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 722 336294009 27222 PARK AVE SUN CITY CA 92586 602.67 60.27 40.68 126.65 830.26 1041 339231017 29732 PARK CITY AVE MENIFEE CA 92582 110.23 11.02 40.68 29.15 191.08 1042 339231026 29812 PARK CITY AVE MENIFEE CA 92584 831.45 83.15 40.68 171.95 1,127.22 1043 339232008 29765 PARK CITY AVE MENIFEE CA 92584 711.17 71.12 40.68 148.13 971.10 2328 372391013 28294 PARKDALE LN MENIFEE CA 92584 41.67 4.17 40.68 15.57 102.08 2329 372392003 28313 PARKDALE LN MENIFEE CA 92584 528.91 52.89 40.68 112.05 734.52 2452 466432008 32380 PARKER ST MENIFEE CA 92584 42.31 4.23 40.68 15.70 102.92 193 331310011 27313 PARTRIDGE CT ROMOLAND CA 92585 355.32 35.53 40.68 77.68 509.20 194 331310024 27392 PARTRIDGE CT ROMOLAND CA 92585 132.53 13.25 40.68 33.56 220.02 195 331310025 27404 PARTRIDGE CT ROMOLAND CA 92585 92.84 9.28 40.68 25.70 168.50 196 331310033 27493 PARTRIDGE CT ROMOLAND CA 92585 552.81 55.28 40.68 116.78 765.54 197 331311004 27397 PARTRIDGE CT ROMOLAND CA 92592 140.95 14.10 40.68 35.23 230.96 1378 341101008 28767 PASEO DIABLO QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1382 341112013 28838 PASEO DIABLO QUAIL VALLEY CA 92587 635.01 63.50 40.68 133.05 872.24 1385 341141017 29062 PASEO JUANITA QUAIL VALLEY CA 92587 102.62 10.26 40.68 27.64 181.20 1375 341092005 24292 PASEO LA PLZ QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46

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Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 25

Menifee Mayor and City Council
June 4, 2025
Page
1040 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1388 341150019 24411 PASEO NUNA QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1371 341071024 24400 PASEO VIVORA QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 274 331602013 26665 PASSION FLOWER WAY MENIFEE CA 92585 760.75 76.08 40.68 157.95 1,035.46 287 331630011 28379 PATCHES DR MENIFEE CA 92585 391.01 39.10 40.68 84.74 555.52 288 331630017 28307 PATCHES DR MENIFEE CA 92585 208.23 20.82 40.68 48.55 318.28 32 327380020 29820 PATELLI WAY MENIFEE CA 92585 722.23 72.22 40.68 150.32 985.46 33 327390001 29525 PATELLI WAY ROMOLAND CA 92585 512.81 51.28 40.68 108.86 713.62 34 327390002 29535 PATELLI WAY ROMOLAND CA 92585 484.47 48.45 40.68 103.25 676.84 35 327390004 29647 PATELLI WAY ROMOLAND CA 92509 257.92 25.79 40.68 58.39 382.78 1435 341321038 29928 PATRIOT DR MENIFEE CA 92584 478.60 47.86 40.68 102.09 669.22 1239 340410008 29735 PEACOCK MOUNTAIN DR MENIFEE CA 92584 136.99 13.70 40.68 34.45 225.82 1306 340521014 29565 PEACOCK MOUNTAIN DR MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 1311 340522037 29568 PEACOCK MOUNTAIN DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 271 331591004 26644 PEARL BLOSSOM WY MENIFEE CA 92585 576.71 57.67 40.68 121.51 796.56 824 337214009 28857 PEBBLE BEACH DR MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 851 338032001 28980 PEBBLE BEACH DR SUN CITY CA 92590 143.64 14.36 40.68 35.76 234.44 852 338032004 29028 PEBBLE BEACH DR SUN CITY CA 92586 590.88 59.09 40.68 124.32 814.96 858 338064002 29673 PEBBLE BEACH DR SUN CITY CA 92592 317.97 31.80 40.68 70.28 460.72 860 338072019 29490 PEBBLE BEACH DR SUN CITY CA 92586 22.30 2.23 40.68 11.74 76.94 1019 339164004 25553 PEGASUS RD MENIFEE CA 92586 236.72 23.67 40.68 54.19 355.26 1068 339284013 25576 PELION RD MENIFEE CA 92584 526.55 52.66 40.68 111.58 731.46 524 333820012 29866 PENN ST MENIFEE CA 92585 562.05 56.21 40.68 118.61 777.54 791 336502021 28657 PENSTHORPE CIR SUN CITY CA 92584 388.03 38.80 40.68 84.15 551.66 479 333690010 29846 PEPPERCORN CIR MENIFEE CA 92584 440.98 44.10 40.68 94.64 620.38 480 333690013 29912 PEPPERCORN CIR MENIFEE CA 92584 486.14 48.61 40.68 103.58 679.00 481 333690014 29934 PEPPERCORN CIR MENIFEE CA 92585 576.71 57.67 40.68 121.51 796.56 1158 339491010 29173 PEPPERGRASS AVE MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1161 339493011 29154 PEPPERGRASS AVE MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1162 339493012 29142 PEPPERGRASS AVE MENIFEE CA 92584 105.00 10.50 40.68 28.11 184.28 1220 340181032 29153 PERIDOT CIR MENIFEE CA 92584 538.76 53.88 40.68 114.00 747.30 1221 340181043 29188 PERIDOT CIR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2453 466432011 32337 PETERS ST MENIFEE CA 92584 476.71 47.67 40.68 101.71 666.76 2454 466432012 32359 PETERS ST MENIFEE CA 92584 57.83 5.78 40.68 18.77 123.06 2455 466432015 32425 PETERS ST MENIFEE CA 92584 507.45 50.75 40.68 107.80 706.66 1777 360040008 30600 PHOEBE RD MENIFEE CA 92584 842.85 84.29 40.68 174.21 1,142.02 1092 339352006 28827 PHOENIX WAY SUN CITY CA 49920 135.01 13.50 40.68 34.05 223.24 1332 340560002 29475 PIAZZA CT MENIFEE CA 92584 52.63 5.26 40.68 17.74 116.32 1333 340560003 29467 PIAZZA CT MENIFEE CA 90623 512.62 51.26 40.68 108.82 713.38 1334 340560005 29451 PIAZZA CT MENIFEE CA 92584 505.72 50.57 40.68 107.45 704.42 1335 340560015 29464 PIAZZA CT MENIFEE CA 92584 718.13 71.81 40.68 149.51 980.14 2116 364172006 30741 PIER POINTE CIR MENIFEE CA 92584 192.43 19.24 40.68 45.42 297.78 2117 364172012 30671 PIER POINTE CIR MENIFEE CA 92584 339.36 33.94 40.68 74.52 488.48 746 336332008 27427 PINCKNEY WAY MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 882 338132020 26946 PINCKNEY WAY SUN CITY CA 92586 592.52 59.25 40.68 124.64 817.08 883 338132023 26982 PINCKNEY WAY MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 1864 360470004 30461 PINE CREEK DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1865 360470010 30389 PINE CREEK DR MENIFEE CA 92253 155.45 15.55 40.68 38.10 249.78 1869 360480001 30517 PINE CREEK DR MENIFEE CA 28532 349.63 34.96 40.68 76.55 501.82 1875 360481026 30512 PINE CREEK DR MENIFEE CA 92509 69.54 6.95 40.68 21.09 138.26 655 336112015 27010 PINEHURST RD SUN CITY CA 92586 90.00 9.00 40.68 25.14 164.82 656 336112020 27076 PINEHURST RD MENIFEE CA 92586 383.97 38.40 40.68 83.35 546.40 661 336130012 27306 PINEHURST RD SUN CITY CA 92586 500.64 50.06 40.68 106.45 697.82 856 338061006 26945 PINEHURST RD SUN CITY CA 92586 355.32 35.53 40.68 77.68 509.20 668 336155034 29244 PIPING ROCK RD SUN CITY CA 92586 233.87 23.39 40.68 53.63 351.56 2456 466433005 30437 PIPKIN CT MENIFEE CA 92584 162.13 16.21 40.68 39.42 258.44 2301 372310048 32861 PITMAN LN MENIFEE CA 92584 618.58 61.86 40.68 129.80 850.92 1758 358750040 24472 PLAINSMAN CIR MENIFEE CA 92584 509.45 50.95 40.68 108.19 709.26 426 333490026 28550 PLANTAIN ST MENIFEE CA 92584 33.64 3.36 40.68 13.98 91.66 427 333491008 28665 PLANTAIN ST MENIFEE CA 92584 1,031.72 103.17 40.68 211.60 1,387.16 1585 351062004 29540 PLATINO DR QUAIL VALLEY CA 92587 88.75 8.88 40.68 24.89 163.20 1586 351062011 29600 PLATINO DR QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 434 333550018 27922 PLEASANT BAY CIR MENIFEE CA 92585 577.79 57.78 40.68 121.72 797.96 435 333550021 27949 PLEASANT BAY CIR MENIFEE CA 92585 227.59 22.76 40.68 52.39 343.40 774 336451002 27667 PLEASANT GROVE CIR SUN CITY CA 92586 335.34 33.53 40.68 73.72 483.26 439 333560006 29580 PLEASANT PASEO CV ROMOLAND CA 78258 576.71 57.67 40.68 121.51 796.56 1817 360220029 31280 PLEASANT VALLEY RD MENIFEE CA 92584 67.05 6.71 40.68 20.60 135.02 991 339101030 25840 PLUM HOLLOW DR SUN CITY CA 92586 585.76 58.58 40.68 123.30 808.32 992 339102014 25767 PLUM HOLLOW DR SUN CITY CA 92586 324.83 32.48 40.68 71.64 469.62 809 337132001 26071 PORT RUSH DR SUN CITY CA 90703 714.63 71.46 40.68 148.82 975.58 810 337132005 26151 PORT RUSH DR SUN CITY CA 92562 94.55 9.46 40.68 26.04 170.72 487 333700045 27824 PORTAL WAY MENIFEE CA 92585 103.35 10.34 40.68 27.79 182.14 985 339082001 28341 PORTSMOUTH DR MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 986 339082003 28373 PORTSMOUTH DR SUN CITY CA 92555 528.91 52.89 40.68 112.05 734.52 1011 339151001 28985 PORTSMOUTH DR MENIFEE CA 92586 355.32 35.53 40.68 77.68 509.20 1024 339181001 28415 PORTSMOUTH DR SUN CITY CA 92586 509.79 50.98 40.68 108.26 709.70 1025 339181002 28431 PORTSMOUTH DR SUN CITY CA 92586 528.91 52.89 40.68 112.05 734.52 1026 339181009 28535 PORTSMOUTH DR SUN CITY CA 92586 112.62 11.26 40.68 29.62 194.18 669 336190007 27031 POTOMAC DR SUN CITY CA 92586 722.23 72.22 40.68 150.32 985.46 749 336350016 27671 POTOMAC DR SUN CITY CA 92586 311.52 31.15 40.68 69.00 452.36 880 338131002 26965 POTOMAC DR SUN CITY CA 85015 654.73 65.47 40.68 136.96 897.84 881 338131004 26941 POTOMAC DR SUN CITY CA 92586 297.45 29.75 40.68 66.22 434.08 884 338133004 26914 POTOMAC DR SUN CITY CA 92586 335.28 33.53 40.68 73.71 483.20

Page 21 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 26

Menifee Mayor and City Council
June 4, 2025
Page
1041 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1901 360571017 27468 POWDER CT MENIFEE CA 92584 298.15 29.82 40.68 66.36 435.00 1236 340404010 29847 PRELL CT MENIFEE CA 92584 343.93 34.39 40.68 75.42 494.42 588 335315011 27152 PRESLEY ST SUN CITY CA 92586 499.21 49.92 40.68 106.17 695.98 864 338086008 29180 PRESTWICK RD SUN CITY CA 92586 47.24 4.72 40.68 16.68 109.32 865 338086015 29110 PRESTWICK RD SUN CITY CA 92586 252.40 25.24 40.68 57.30 375.62 1319 340541032 29249 PROMENADE RD MENIFEE CA 92139 65.35 6.54 40.68 20.26 132.82 1336 340560019 29070 PROMENADE RD MENIFEE CA 92584 194.72 19.47 40.68 45.88 300.74 1337 340560022 29094 PROMENADE RD MENIFEE CA 92584 150.01 15.00 40.68 37.02 242.72 1338 340560023 29102 PROMENADE RD MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 1339 340561001 29177 PROMENADE RD MENIFEE CA 92585 180.09 18.01 40.68 42.98 281.76 1340 340561007 29129 PROMENADE RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1341 340561008 29121 PROMENADE RD MENIFEE CA 92584 371.57 37.16 40.68 80.89 530.30 1342 340561010 29105 PROMENADE RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1719 358522026 25950 PROSPECTOR CT MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 1986 360864019 27438 PROVINCETOWN WAY MENIFEE CA 92078 528.91 52.89 40.68 112.05 734.52 1714 358512025 25906 PUEBLO CT MENIFEE CA 92584 567.15 56.72 40.68 119.62 784.16 1715 358512031 25978 PUEBLO CT MENIFEE CA 92584 447.67 44.77 40.68 95.96 629.08 1716 358512032 25990 PUEBLO CT MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1717 358512037 25927 PUEBLO CT MENIFEE CA 92584 509.45 50.95 40.68 108.19 709.26 1773 360014006 30088 PUERTO VALLARTA WAY MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1358 340671017 29819 PUMPWOOD CT MENIFEE CA 92584 352.64 35.26 40.68 77.15 505.72 1528 350214032 28566 QUAIL PL QUAIL VALLEY CA 90047 33.64 3.36 40.68 13.98 91.66 2386 372541026 31201 QUARTER HORSE WAY MENIFEE CA 92584 395.20 39.52 40.68 85.57 560.96 2390 372560002 31285 QUARTER HORSE WAY MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 787 336500018 28679 QUEENSLAND DR MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 788 336501001 28590 QUEENSLAND DR MENIFEE CA 92584 658.79 65.88 40.68 137.76 903.10 1939 360700001 31652 QUILT WAY MENIFEE CA 92584 105.32 10.53 40.68 28.18 184.70 1940 360700022 31760 QUILT WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 314 333263029 27978 RAIN DANCE DR SUN CITY CA 92585 22.00 2.20 40.68 11.68 76.56 315 333263034 27928 RAIN DANCE DR SUN CITY CA 92585 106.71 10.67 40.68 28.45 186.50 1360 341020009 28321 RANCHO DR QUAIL VALLEY CA 92587 51.53 5.15 40.68 17.53 114.88 1362 341020037 28071 RANCHO DR # AQ U A I L VALLEY CA 92587 98.67 9.87 40.68 26.86 176.08 1887 360510004 26838 RANCHO SERENA ST MENIFEE CA 92584 272.35 27.24 40.68 61.25 401.50 1888 360512007 26831 RANCHO SERENA ST MENIFEE CA 92584 309.33 30.93 40.68 68.57 449.50 1889 360512008 26843 RANCHO SERENA ST MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2006 360961044 26735 RANCHO SERENA ST MENIFEE CA 92584 449.42 44.94 40.68 96.31 631.34 1897 360541013 31157 RAWHIDE CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 670 336192008 29384 READING RD SUN CITY CA 92586 332.60 33.26 40.68 73.18 479.72 671 336193004 29383 READING RD SUN CITY CA 92586 559.63 55.96 40.68 118.13 774.40 672 336193006 29357 READING RD SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 162 329390003 28347 RED APPLE RD ROMOLAND CA 92585 565.31 56.53 40.68 119.25 781.76 1836 360412027 26939 RED BLUFF CT MENIFEE CA 92584 86.95 8.70 40.68 24.54 160.86 1837 360412028 26934 RED BLUFF CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 292 331661005 26936 RED DR MENIFEE CA 92692 68.35 6.84 40.68 20.86 136.72 1892 360520006 26164 RED FOX RD MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 1893 360520007 26150 RED FOX RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 390 333412020 27111 RED ROCK CT ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 1970 360783021 26435 REDIRON CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1957 360751028 26032 REDOAK ST MENIFEE CA 92584 53.79 5.38 40.68 17.97 117.82 1972 360790021 26355 REDOAK ST MENIFEE CA 92584 520.71 52.07 40.68 110.42 723.88 1979 360803023 26127 REDOAK ST MENIFEE CA 92584 207.98 20.80 40.68 48.50 317.96 1980 360803030 26211 REDOAK ST MENIFEE CA 92584 477.92 47.79 40.68 101.95 668.34 632 335501005 27053 REDRIVER DR SUN CITY CA 92585 355.32 35.53 40.68 77.68 509.20 1946 360720016 26522 REED CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 768 336431001 27638 REGENT LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1909 360592031 31825 REINHARDT CT MENIFEE CA 92584 288.68 28.87 40.68 64.48 422.70 1722 358530008 25191 RENEGADE CT MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1438 341330022 24455 RESERVE CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1439 341330033 24367 RESERVE CT MENIFEE CA 92584 67.37 6.74 40.68 20.66 135.44 1440 341330037 24344 RESERVE CT MENIFEE CA 92584 720.81 72.08 40.68 150.04 983.60 1441 341330040 24368 RESERVE CT MENIFEE CA 92584 457.78 45.78 40.68 97.96 642.20 1876 360490001 26757 RHAPSODY CT MENIFEE CA 92584 300.25 30.03 40.68 66.77 437.72 2443 466401001 32809 RICHARDSON ST MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 2444 466401005 32721 RICHARDSON ST MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2450 466412024 32589 RICHARDSON ST MENIFEE CA 92584 297.40 29.74 40.68 66.21 434.02 2451 466412029 32457 RICHARDSON ST MENIFEE CA 92584 88.35 8.84 40.68 24.82 162.68 2349 372440017 28841 RICHFIELD CIR MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2350 372440022 28792 RICHFIELD CIR MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 811 337140024 26216 RIDGEMOOR RD SUN CITY CA 92562 260.78 26.08 40.68 58.96 386.48 812 337140025 26230 RIDGEMOOR RD SUN CITY CA 92586 111.65 11.17 40.68 29.43 192.92 936 338301006 26091 RIDGEMOOR RD SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 937 338301007 26103 RIDGEMOOR RD SUN CITY CA 92586 722.23 72.22 40.68 150.32 985.46 1085 339331005 25675 RIDGEMOOR RD SUN CITY CA 92586 573.71 57.37 40.68 120.92 792.68 1094 339361006 25374 RIDGEMOOR RD SUN CITY CA 92586 355.32 35.53 40.68 77.68 509.20 1135 339440002 25203 RIDGEMOOR RD SUN CITY CA 92586 398.11 39.81 40.68 86.15 564.74 1136 339440006 25259 RIDGEMOOR RD SUN CITY CA 92586 287.25 28.73 40.68 64.20 420.84 1137 339440008 25287 RIDGEMOOR RD MENIFEE CA 92586 700.36 70.04 40.68 145.99 957.06 2208 364400002 29665 RIGGING WAY MENIFEE CA 92584 370.48 37.05 40.68 80.68 528.88 166 329391017 25552 RILEY CIR MENIFEE CA 92025 528.91 52.89 40.68 112.05 734.52 167 329391024 25547 RILEY CIR ROMOLAND CA 92585 294.63 29.46 40.68 65.66 430.42 1919 360621044 26427 RIM CREEK PATH MENIFEE CA 92595 722.23 72.22 40.68 150.32 985.46 1935 360670002 26338 RIM CREEK PATH MENIFEE CA 92584 440.98 44.10 40.68 94.64 620.38

Page 22 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 27

Menifee Mayor and City Council
June 4, 2025
Page
1042 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1936 360670006 26290 RIM CREEK PATH MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1982 360820005 26540 RIM CREEK PATH MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1725 358530028 30107 RIO BRAVO CT MENIFEE CA 92584 280.01 28.00 40.68 62.76 411.46 1726 358530035 30128 RIO BRAVO CT MENIFEE CA 92584 362.37 36.24 40.68 79.07 518.36 688 336220007 27404 RIO VISTA DR SUN CITY CA 92586 355.32 35.53 40.68 77.68 509.20 712 336260019 27464 RIO VISTA DR SUN CITY CA 92586 258.66 25.87 40.68 58.54 383.74 716 336280005 27070 RIO VISTA DR SUN CITY CA 92586 51.99 5.20 40.68 17.62 115.48 431 333531009 28492 RIPPLE BROOK LN ROMOLAND CA 92585 111.65 11.17 40.68 29.43 192.92 415 333480003 29277 RIPTIDE DR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 422 333481040 29304 RIPTIDE DR ROMOLAND CA 92585 574.61 57.46 40.68 121.10 793.84 423 333482006 29347 RIPTIDE DR ROMOLAND CA 92585 100.00 10.00 40.68 27.12 177.80 979 339042020 25690 ROANOKE RD SUN CITY CA 92586 116.65 11.67 40.68 30.42 199.40 982 339062003 25801 ROANOKE RD SUN CITY CA 92586 491.66 49.17 40.68 104.67 686.18 1730 358540012 25493 ROCKING HORSE CT MENIFEE CA 92584 52.53 5.25 40.68 17.72 116.18 1731 358540026 25382 ROCKING HORSE CT MENIFEE CA 92584 175.88 17.59 40.68 42.15 276.28 1732 358540033 25298 ROCKING HORSE CT MENIFEE CA 96706 576.71 57.67 40.68 121.51 796.56 1733 358541003 25235 ROCKING HORSE CT MENIFEE CA 92584 102.58 10.26 40.68 27.63 181.14 387 333400012 28334 ROCKY COVE DR ROMOLAND CA 92585 76.65 7.67 40.68 22.50 147.48 2146 364250038 29153 ROCKY POINT CT MENIFEE CA 92584 385.69 38.57 40.68 83.69 548.62 2147 364250041 29195 ROCKY POINT CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2449 466410018 30606 RODRIGUEZ LOOP MENIFEE CA 92584 221.65 22.17 40.68 51.21 335.70 1681 358240018 25575 ROLLING HILLS DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1682 358240020 25655 ROLLING HILLS DR MENIFEE CA 92584 1,158.79 115.88 40.68 236.76 1,552.10 1683 358240030 25891 ROLLING HILLS DR MENIFEE CA 92584 396.34 39.63 40.68 85.80 562.44 2113 364154011 28807 ROSE ISLE CT MENIFEE CA 92584 271.00 27.10 40.68 60.98 399.76 280 331611007 26589 ROSEBAY WAY MENIFEE CA 92585 197.64 19.76 40.68 46.46 304.54 281 331611009 26565 ROSEBAY WAY MENIFEE CA 92585 374.49 37.45 40.68 81.47 534.08 278 331610004 26614 ROSEMARY WAY SUN CITY CA 92585 133.50 13.35 40.68 33.76 221.28 2370 372500005 31901 ROUGE LN MENIFEE CA 92584 37.30 3.73 40.68 14.71 96.42 1743 358661020 24601 ROUND MEADOW DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1711 358510006 25762 ROUNDUP CIR MENIFEE CA 92584 41.64 4.16 40.68 15.57 102.04 602 335382004 25652 ROYLENE DR SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 212 331392001 27792 RUGGIE RD SUN CITY CA 92585 528.91 52.89 40.68 112.05 734.52 213 331393009 27809 RUGGIE RD SUN CITY CA 92585 209.11 20.91 40.68 48.73 319.42 259 331550010 27297 RUMOR LN MENIFEE CA 92585 476.92 47.69 40.68 101.75 667.04 424 333490001 28513 RUSTIC GLEN ST MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 425 333490002 28527 RUSTIC GLEN ST MENIFEE CA 92584 132.81 13.28 40.68 33.62 220.38 1709 358502004 30281 RUSTLER WAY MENIFEE CA 92584 485.83 48.58 40.68 103.52 678.60 1364 341030032 24591 S CANYON DR QUAIL VALLEY CA 92667 331.15 33.12 40.68 72.89 477.84 1366 341040023 24321 S CANYON DR SUN CITY CA 92587 138.50 13.85 40.68 34.75 227.78 1367 341040030 24320 S CANYON DR QUAIL VALLEY CA 92587 344.97 34.50 40.68 75.63 495.76 1428 341301016 24420 SABATON CIR MENIFEE CA 92584 339.61 33.96 40.68 74.57 488.82 1429 341301026 24485 SABATON CIR MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 1430 341301027 24473 SABATON CIR MENIFEE CA 92584 254.55 25.46 40.68 57.72 378.40 1431 341301028 24461 SABATON CIR MENIFEE CA 92584 616.12 61.61 40.68 129.31 847.72 1699 358481010 30560 SADDLE HORN WAY MENIFEE CA 92262 576.71 57.67 40.68 121.51 796.56 1426 341300012 29783 SADDLE RANCH PL MENIFEE CA 92584 133.30 13.33 40.68 33.72 221.02 1813 360210013 31150 SADDLEBACK LN MENIFEE CA 92584 672.27 67.23 40.68 140.43 920.60 349 333313008 28403 SADDLECREST ST MENIFEE CA 92585 106.65 10.67 40.68 28.44 186.42 1407 341250006 24960 SAGEBUSH LN MENIFEE CA 92584 371.43 37.14 40.68 80.87 530.12 1410 341250030 24905 SAGEBUSH LN MENIFEE CA 92584 441.01 44.10 40.68 94.64 620.42 523 333812004 27421 SAGINAW DR ROMOLAND CA 92585 531.30 53.13 40.68 112.52 737.62 795 337021041 26135 SAINT MARYS ST SUN CITY CA 92586 266.90 26.69 40.68 60.17 394.44 1292 340500065 29908 SALMON ST MENIFEE CA 90230 430.55 43.06 40.68 92.57 606.86 1344 340570008 29082 SALRIO DR MENIFEE CA 92708 210.59 21.06 40.68 49.02 321.34 1345 340570013 29037 SALRIO DR MENIFEE CA 92584 151.69 15.17 40.68 37.36 244.90 1346 340570022 29109 SALRIO DR MENIFEE CA 92121 52.74 5.27 40.68 17.76 116.46 266 331581021 26658 SAN JACINTO RD MENIFEE CA 92585 590.41 59.04 40.68 124.22 814.34 1479 350084002 23864 SAN JACINTO RD QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1482 350101006 23801 SAN JACINTO RD MENIFEE CA 81503 399.31 39.93 40.68 86.39 566.30 1483 350101061 23815 SAN JACINTO RD MENIFEE CA 92587 371.43 37.14 40.68 80.87 530.12 1484 350101063 23935 SAN JACINTO RD QUAIL VALLEY CA 92595 276.23 27.62 40.68 62.02 406.54 1770 360011005 26040 SAN QUINTIN AVE MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1771 360011006 26050 SAN QUINTIN RD MENIFEE CA 92584 478.47 47.85 40.68 102.06 669.06 1774 360015010 26085 SAN QUINTIN RD MENIFEE CA 92570 502.61 50.26 40.68 106.84 700.38 1775 360015013 26073 SAN QUINTIN RD MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2094 364131014 28705 SAND ISLAND WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2101 364134025 28545 SAND ISLAND WAY MENIFEE CA 92131 175.49 17.55 40.68 42.07 275.78 640 335572006 27167 SANDS DR MENIFEE CA 75380 315.00 31.50 40.68 69.69 456.86 978 339042010 25703 SANDY LODGE RD MENIFEE CA 90631 96.32 9.63 40.68 26.39 173.02 1831 360360013 27147 SANFORD LN MENIFEE CA 92584 362.67 36.27 40.68 79.13 518.74 1772 360014002 30103 SANTA ROSALIA DR MENIFEE CA 92584 215.24 21.52 40.68 49.94 327.38 1860 360463037 27116 SAPPHIRE ST MENIFEE CA 92584 326.71 32.67 40.68 72.01 472.06 1862 360465001 27107 SAPPHIRE ST MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 1863 360465003 27083 SAPPHIRE ST MENIFEE CA 92584 573.46 57.35 40.68 120.87 792.34 1779 360061007 27176 SAWYER RD MENIFEE CA 92584 249.39 24.94 40.68 56.70 371.70 1780 360061012 27226 SAWYER RD MENIFEE CA 92584 177.57 17.76 40.68 42.48 278.48 529 333830019 28259 SCHOLA DR MENIFEE CA 92585 520.71 52.07 40.68 110.42 723.88 530 333830028 28151 SCHOLA DR ROMOLAND CA 92584 480.49 48.05 40.68 102.46 671.68 1788 360072014 27071 SCHOOL PARK DR MENIFEE CA 92506 364.47 36.45 40.68 79.49 521.08 1794 360074024 27136 SCHOOL PARK DR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2000 360931016 26600 SCOTCH PINE CIR MENIFEE CA 92584 581.31 58.13 40.68 122.42 802.54

Page 23 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 28

Menifee Mayor and City Council
June 4, 2025
Page
1043 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 2408 384010006 26035 SCOTT RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2421 384100003 27225 SCOTT RD MENIFEE CA 92584 417.37 41.74 40.68 89.96 589.74 1286 340500030 29967 SEA BREEZE WAY MENIFEE CA 92584 122.36 12.24 40.68 31.55 206.82 1287 340500038 29887 SEA BREEZE WAY MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 1296 340510033 29792 SEA BREEZE WAY MENIFEE CA 92564 88.35 8.84 40.68 24.82 162.68 1297 340510038 29862 SEA BREEZE WAY MENIFEE CA 92591 183.15 18.32 40.68 43.59 285.72 2372 372510005 31916 SEA GREEN CT MENIFEE CA 93711 238.64 23.86 40.68 54.57 357.76 2373 372510006 31919 SEA GREEN CT MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2303 372320051 32867 SEATTLE SLEW CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1146 339461014 29183 SEQUIOA SPGS MENIFEE CA 92584 400.85 40.09 40.68 86.69 568.30 445 333580004 28411 SERENITY FALLS WAY ROMOLAND CA 92585 247.44 24.74 40.68 56.32 369.18 446 333580010 28327 SERENITY FALLS WAY ROMOLAND CA 92585 233.64 23.36 40.68 53.58 351.26 447 333581001 28380 SERENITY FALLS WAY ROMOLAND CA 92585 673.73 67.37 40.68 140.72 922.50 451 333590012 28285 SERENITY FALLS WAY ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 1014 339153011 25561 SERPENS CT SUN CITY CA 92586 722.23 72.22 40.68 150.32 985.46 1015 339153017 25524 SERPENS CT MENIFEE CA 92544 422.03 42.20 40.68 90.88 595.80 1016 339153019 25548 SERPENS CT SUN CITY CA 92586 673.93 67.39 40.68 140.76 922.76 2459 466450004 30502 SERVIN LN MENIFEE CA 92584 311.52 31.15 40.68 69.00 452.36 2460 466450012 30586 SERVIN LN MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 2461 466451006 30694 SERVIN LN MENIFEE CA 92584 264.45 26.45 40.68 59.68 391.26 537 333850018 27150 SETTLEMENT ST ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 538 333850020 27126 SETTLEMENT ST MENIFEE CA 92584 200.02 20.00 40.68 46.93 307.62 1905 360581033 31928 SEWALT CT MENIFEE CA 92584 278.36 27.84 40.68 62.44 409.30 2323 372372002 29233 SHADOW HILLS ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2324 372372005 29191 SHADOW HILLS ST MENIFEE CA 92584 481.64 48.16 40.68 102.69 673.16 2273 372243013 31222 SHADOW RIDGE DR MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2277 372250003 31359 SHADOW RIDGE DR MENIFEE CA 92584 205.40 20.54 40.68 47.99 314.60 2278 372250004 31371 SHADOW RIDGE DR MENIFEE CA 92584 528.91 52.89 40.68 112.05 734.52 2279 372250013 31479 SHADOW RIDGE DR MENIFEE CA 92584 696.06 69.61 40.68 145.14 951.48 2399 372591013 31520 SHAWNEE CIR MENIFEE CA 92584 478.47 47.85 40.68 102.06 669.06 794 336520005 28830 SHERBORN CT MENIFEE CA 92584 700.36 70.04 40.68 145.99 957.06 1808 360120022 30883 SHERMAN RD MENIFEE CA 92003 233.64 23.36 40.68 53.58 351.26 1899 360570002 31302 SHERMAN RD MENIFEE CA 92584 371.43 37.14 40.68 80.87 530.12 392 333430001 29161 SHIPWRIGHT DR MENIFEE CA 92585 682.69 68.27 40.68 142.50 934.12 393 333430003 29193 SHIPWRIGHT DR ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 394 333430005 29225 SHIPWRIGHT DR ROMOLAND CA 92585 33.44 3.34 40.68 13.94 91.40 2384 372532008 29530 SHIRE HORSE WAY MENIFEE CA 92584 646.86 64.69 40.68 135.40 887.62 2385 372533019 29660 SHIRE HORSE WAY MENIFEE CA 92584 270.56 27.06 40.68 60.89 399.18 2396 372571033 29840 SHIRE HORSE WAY MENIFEE CA 92584 225.88 22.59 40.68 52.05 341.18 282 331612016 26560 SHOOTING STAR WAY MENIFEE CA 92585 116.90 11.69 40.68 30.47 199.74 283 331612018 26584 SHOOTING STAR WY MENIFEE CA 92585 82.15 8.22 40.68 23.59 154.62 2115 364171013 30714 SHORE RIDGE DR MENIFEE CA 92584 552.81 55.28 40.68 116.78 765.54 432 333531011 29087 SHORECLIFF CIR ROMOLAND CA 92585 31.85 3.19 40.68 13.63 89.34 2033 364022003 30165 SHORELINE DR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2034 364022017 30051 SHORELINE DR MENIFEE CA 92584 107.62 10.76 40.68 28.63 187.68 2048 364052001 30437 SHORELINE DR MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 2060 364082006 30609 SHORELINE DR MENIFEE CA 92584 608.03 60.80 40.68 127.71 837.22 2061 364083015 30632 SHORELINE DR MENIFEE CA 92584 110.23 11.02 40.68 29.15 191.08 1721 358530001 25143 SHOWDOWN CT MENIFEE CA 92584 409.76 40.98 40.68 88.45 579.86 1524 350212020 23790 SHREEDER PL QUAIL VALLEY CA 92587 400.58 40.06 40.68 86.64 567.96 1525 350212021 23780 SHREEDER PL QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1531 350222046 23560 SHREEDER PL QUAIL VALLEY CA 92587 82.90 8.29 40.68 23.74 155.60 1698 358480004 25011 SIDESADDLE CT MENIFEE CA 92584 440.98 44.10 40.68 94.64 620.38 1568 350282007 23846 SIERRA DR CANYON LAKE CA 92587 700.36 70.04 40.68 145.99 957.06 1569 350282008 23840 SIERRA DR QUAIL VALLEY CA 92587 283.38 28.34 40.68 63.43 415.82 1570 350284023 23894 SIERRA DR QUAIL VALLEY CA 92587 330.72 33.07 40.68 72.80 477.28 2319 372370006 29194 SIERRA GOLD CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2320 372370014 29157 SIERRA GOLD CIR MENIFEE CA 92584 112.75 11.28 40.68 29.65 194.34 2321 372370016 29129 SIERRA GOLD CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1874 360481002 30521 SIERRA VISTA DR MENIFEE CA 92591 212.75 21.28 40.68 49.45 324.14 1994 360900019 26219 SILVER BIRCH DR MENIFEE CA 92530 111.65 11.17 40.68 29.43 192.92 1257 340441003 29567 SILVER SUMMIT ST MENIFEE CA 92584 120.36 12.04 40.68 31.15 204.22 1140 339443021 25249 SILVERWOOD LN MENIFEE CA 92584 295.04 29.50 40.68 65.74 430.96 1147 339470006 25382 SILVERWOOD LN MENIFEE CA 92596 199.32 19.93 40.68 46.79 306.72 1148 339470009 25340 SILVERWOOD LN MENIFEE CA 92584 185.44 18.54 40.68 44.04 288.70 890 338214015 29527 SINGING WOOD LN SUN CITY CA 92586 400.09 40.01 40.68 86.54 567.32 896 338224028 29669 SINGING WOOD LN MENIFEE CA 92028 457.09 45.71 40.68 97.83 641.30 897 338224030 29641 SINGING WOOD LN MENIFEE CA 92586 162.26 16.23 40.68 39.45 258.62 2149 364260015 30294 SKIPSTONE WAY MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2157 364270023 30353 SKIPSTONE WAY MENIFEE CA 91733 113.80 11.38 40.68 29.85 195.70 2158 364270024 30339 SKIPSTONE WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2159 364270026 30297 SKIPSTONE WAY MENIFEE CA 92584 107.75 10.78 40.68 28.66 187.86 462 333631030 28927 SKYLARK ST MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 463 333631032 28951 SKYLARK ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 845 337391002 28780 SNEAD DR MENIFEE CA 92586 38.08 3.81 40.68 14.86 97.42 846 337391013 28940 SNEAD DR SUN CITY CA 92586 152.23 15.22 40.68 37.46 245.60 847 337391015 28960 SNEAD DR SUN CITY CA 92586 97.62 9.76 40.68 26.65 174.70 855 338046002 29010 SNEAD DR SUN CITY CA 92586 324.83 32.48 40.68 71.64 469.62 925 338273014 26225 SNOW CREEK DR SUN CITY CA 92586 547.75 54.78 40.68 115.78 758.98 525 333820033 29985 SOLARDO DR MENIFEE CA 92585 676.48 67.65 40.68 141.27 926.06 526 333821005 29853 SOLARDO DR MENIFEE CA 92585 357.97 35.80 40.68 78.20 512.64 155 329380029 25639 SOLELL CIR ROMOLAND CA 92585 133.76 13.38 40.68 33.81 221.62

Page 24 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 29

Menifee Mayor and City Council
June 4, 2025
Page
1044 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1417 341271032 24843 SOLVANG LN MENIFEE CA 92584 39.82 3.98 40.68 15.21 99.68 2085 364111010 28869 SOMME CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2086 364111013 28858 SOMME CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1880 360491002 30742 SONORA ST MENIFEE CA 92584 430.08 43.01 40.68 92.48 606.24 245 331480029 27144 SOPRANO ST SUN CITY CA 90650 686.62 68.66 40.68 143.27 939.24 2374 372512014 31940 SORREL RUN CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2375 372512019 31870 SORREL RUN CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2376 372512027 31775 SORRELL RUN CT MENIFEE CA 92584 76.87 7.69 40.68 22.54 147.78 1890 360512015 26768 SOUTHBROOK CT MENIFEE CA 92020 93.03 9.30 40.68 25.74 168.76 1891 360512018 26785 SOUTHBROOK CT MENIFEE CA 92584 276.46 27.65 40.68 62.06 406.84 606 335391002 26306 SPANIEL LN SUN CITY CA 92586 456.72 45.67 40.68 97.75 640.82 452 333591010 28323 SPRING CREEK WAY ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 453 333601010 28183 SPRING CREEK WAY ROMOLAND CA 92585 366.11 36.61 40.68 79.81 523.20 2102 364141005 30635 SPRING DEEP TER MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2055 364063006 30596 SPRING LAKE WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2057 364064012 30563 SPRING LAKE WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 318 333263048 27789 SPRING MEADOW CT SUN CITY CA 92585 68.01 6.80 40.68 20.79 136.28 319 333263055 27804 SPRING MEADOW CT SUN CITY CA 92585 111.65 11.17 40.68 29.43 192.92 1128 339431004 25115 SPRINGBROOK WAY MENIFEE CA 92584 662.03 66.20 40.68 138.40 907.32 1129 339431006 25087 SPRINGBROOK WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1130 339432006 25094 SPRINGBROOK WAY MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1404 341241003 24848 SPRINGBROOK WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1405 341241006 24812 SPRINGBROOK WAY MENIFEE CA 92584 107.75 10.78 40.68 28.66 187.86 1406 341241008 24788 SPRINGBROOK WAY MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 369 333340015 29137 SPRINGSHORES DR ROMOLAND CA 92585 504.04 50.40 40.68 107.12 702.24 373 333341042 29084 SPRINGSHORES DR MENIFEE CA 92585 133.64 13.36 40.68 33.78 221.46 374 333341049 29041 SPRINGSHORES DR ROMOLAND CA 92585 484.47 48.45 40.68 103.25 676.84 1605 351123023 23201 SPRUNGLE CIR QUAIL VALLEY CA 92587 450.49 45.05 40.68 96.52 632.74 1686 358420003 25279 SPUR BRANCH PL MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1455 341401001 29462 SPUR CT MENIFEE CA 92584 192.69 19.27 40.68 45.48 298.10 1456 341401003 29438 SPUR CT MENIFEE CA 92587 661.93 66.19 40.68 138.38 907.18 1457 341401004 29426 SPUR CT MENIFEE CA 92587 147.68 14.77 40.68 36.56 239.68 909 338252002 29567 SQUAW VALLEY DR SUN CITY CA 92586 344.45 34.45 40.68 75.52 495.10 911 338253028 29556 SQUAW VALLEY DR SUN CITY CA 90650 302.59 30.26 40.68 67.24 440.76 912 338253036 29604 SQUAW VALLEY DR SUN CITY CA 92586 131.59 13.16 40.68 33.38 218.80 918 338263027 29742 SQUAW VALLEY DR SUN CITY CA 92586 66.65 6.67 40.68 20.52 134.50 1693 358441050 30491 STAGE COACH RD MENIFEE CA 92584 269.54 26.95 40.68 60.69 397.86 1695 358450030 30644 STAGE COACH RD MENIFEE CA 92587 305.94 30.59 40.68 67.90 445.10 1416 341262064 29649 STAGELINE CIR MENIFEE CA 92584 92.64 9.26 40.68 25.67 168.24 617 335424028 27107 STAGEWOOD ST SUN CITY CA 92586 159.80 15.98 40.68 38.96 255.42 618 335424034 27155 STAGEWOOD ST SUN CITY CA 92586 148.85 14.89 40.68 36.79 241.20 1752 358740045 24488 STARGAZER WAY MENIFEE CA 92584 230.25 23.03 40.68 52.91 346.86 1754 358740064 30130 STARGAZER WAY MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1755 358750002 30079 STARGAZER WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2154 364260048 29460 STARRING LN MENIFEE CA 92584 349.48 34.95 40.68 76.52 501.62 2156 364270004 29311 STARRING LN MENIFEE CA 92584 162.55 16.26 40.68 39.51 258.98 2192 364350043 29657 STARRING LN MENIFEE CA 92694 215.24 21.52 40.68 49.94 327.38 2193 364350046 29621 STARRING LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2194 364350047 29609 STARRING LN MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 1307 340521028 29422 STARSHINE DR MENIFEE CA 92584 345.84 34.58 40.68 75.80 496.90 1308 340522020 29445 STARSHINE DR MENIFEE CA 92584 41.65 4.17 40.68 15.57 102.06 1309 340522021 29435 STARSHINE DR MENIFEE CA 92584 179.17 17.92 40.68 42.80 280.56 1310 340522024 29405 STARSHINE DR MENIFEE CA 92584 192.21 19.22 40.68 45.38 297.48 401 333440018 29032 STEAMBOAT DR ROMOLAND CA 92585 567.91 56.79 40.68 119.77 785.14 402 333440020 29064 STEAMBOAT DR ROMOLAND CA 92585 689.43 68.94 40.68 143.83 942.88 405 333443012 29133 STEAMBOAT DR ROMOLAND CA 92585 499.02 49.90 40.68 106.13 695.72 406 333450005 29229 STEAMBOAT DR ROMOLAND CA 92585 106.65 10.67 40.68 28.44 186.42 1107 339403026 25250 STEPPING STONE CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2037 364042009 28125 STILLWATER DR MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 2047 364051009 28219 STILLWATER DR MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 2049 364052006 28373 STILLWATER DR MENIFEE CA 92584 313.94 31.39 40.68 69.48 455.50 2050 364052011 28323 STILLWATER DR MENIFEE CA 92562 552.81 55.28 40.68 116.78 765.54 2051 364053007 28250 STILLWATER DR MENIFEE CA 92127 355.32 35.53 40.68 77.68 509.20 535 333841022 28969 STIRRUP CIR MENIFEE CA 92585 235.32 23.53 40.68 53.92 353.44 1886 360501028 30749 STONE CREEK CT MENIFEE CA 92584 137.71 13.77 40.68 34.59 226.74 1248 340421013 29052 STONE RIDGE ST MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 1249 340430005 29172 STONE RIDGE ST MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 2169 364300035 29115 STONYBROOK LN MENIFEE CA 92584 242.51 24.25 40.68 55.34 362.78 400 333440013 27189 STOWAWAY DR ROMOLAND CA 92585 233.64 23.36 40.68 53.58 351.26 1826 360290015 32415 STRATFORD LN MENIFEE CA 92584 238.02 23.80 40.68 54.45 356.94 1599 351113007 29749 STRUBLE LN QUAIL VALLEY CA 92587 233.64 23.36 40.68 53.58 351.26 1447 341350016 29464 STUDIO CIR MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 869 338111014 29930 SUGARFOOT CT SUN CITY CA 92586 524.83 52.48 40.68 111.24 729.22 635 335532014 25335 SUMMER CREEK DR MENIFEE CA 92585 360.32 36.03 40.68 78.67 515.70 636 335532017 25365 SUMMER CREEK DR MENIFEE CA 92585 324.56 32.46 40.68 71.59 469.28 2342 372420012 28678 SUMMER LN MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2343 372420019 28580 SUMMER LN MENIFEE CA 92584 22.75 2.28 40.68 11.83 77.52 2345 372421004 28641 SUMMER LN MENIFEE CA 92584 711.17 71.12 40.68 148.13 971.10 906 338242034 29212 SUMMERSET DR SUN CITY CA 92586 166.24 16.62 40.68 40.24 263.78 934 338291014 29351 SUMMERSET DR SUN CITY CA 92586 138.50 13.85 40.68 34.75 227.78 1877 360490011 26762 SUMMERWOOD CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1878 360490018 26827 SUMMERWOOD CIR MENIFEE CA 92887 254.75 25.48 40.68 57.76 378.66

Page 25 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 30

Menifee Mayor and City Council
June 4, 2025
Page
1045 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 296 333092019 27597 SUMMIT ST SUN CITY CA 92585 200.57 20.06 40.68 47.04 308.34 297 333111006 27610 SUMMIT ST SUN CITY CA 92585 179.84 17.98 40.68 42.93 281.42 298 333111007 27630 SUMMIT ST SUN CITY CA 92586 126.71 12.67 40.68 32.41 212.46 763 336411014 28421 SUMMONER RD SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 764 336411015 28409 SUMMONER RD SUN CITY CA 92585 471.55 47.16 40.68 100.69 660.06 571 335180017 27513 SUN CITY BLVD SUN CITY CA 92586 111.93 11.19 40.68 29.48 193.28 573 335232012 27797 SUN CITY BLVD SUN CITY CA 92586 324.83 32.48 40.68 71.64 469.62 584 335293021 28043 SUN CITY BLVD SUN CITY CA 92586 528.91 52.89 40.68 112.05 734.52 807 337122005 26161 SUN CITY BLVD SUN CITY CA 92586 58.01 5.80 40.68 18.81 123.30 837 337351003 26740 SUN CITY BLVD SUN CITY CA 92586 520.71 52.07 40.68 110.42 723.88 998 339112011 25800 SUN CITY BLVD SUN CITY CA 92586 219.88 21.99 40.68 50.86 333.40 1001 339122010 25801 SUN CITY BLVD SUN CITY CA 75007 528.91 52.89 40.68 112.05 734.52 1022 339172006 25680 SUN CITY BLVD SUN CITY CA 92586 465.98 46.60 40.68 99.59 652.84 1027 339211022 25445 SUN CITY BLVD SUN CITY CA 92586 506.50 50.65 40.68 107.61 705.44 1029 339211040 25505 SUN CITY BLVD SUN CITY CA 92586 828.66 82.87 40.68 171.40 1,123.60 1058 339272005 25460 SUN CITY BLVD SUN CITY CA 92586 54.92 5.49 40.68 18.20 119.28 20 9728560 27601 SUN CITY BLVD SPC 114 SUN CITY CA 92586 22.23 2.22 40.68 11.72 76.85 1 9704932 27601 SUN CITY BLVD SPC 119 SUN CITY CA 92586 90.32 9.03 40.68 25.21 165.24 14 9721818 27601 SUN CITY BLVD SPC 133 SUN CITY CA 92108 90.32 9.03 40.68 25.21 165.24 22 9730517 27601 SUN CITY BLVD SPC 14 SUN CITY CA 92586 90.32 9.03 40.68 25.21 165.24 8 9718226 27601 SUN CITY BLVD SPC 168 SUN CITY CA 92586 21.51 2.15 40.68 11.58 75.92 6 9715432 27601 SUN CITY BLVD SPC 186 SUN CITY CA 92586 85.32 8.53 40.68 24.22 158.74 21 9728562 27601 SUN CITY BLVD SPC 217 SUN CITY CA 92586 90.32 9.03 40.68 25.21 165.24 19 9726825 27601 SUN CITY BLVD SPC 287 SUN CITY CA 92586 30.79 3.08 40.68 13.42 87.96 7 9718051 27601 SUN CITY BLVD SPC 306 SUN CITY CA 92586 426.40 42.64 40.68 91.67 601.39 2 9705588 27601 SUN CITY BLVD SPC 6S U N CITY CA 92586 90.32 9.03 40.68 25.21 165.24 874 338121006 29831 SUN COUNTRY LN SUN CITY CA 92585 576.71 57.67 40.68 121.51 796.56 875 338121012 29915 SUN COUNTRY LN SUN CITY CA 92596 722.23 72.22 40.68 150.32 985.46 876 338121015 29959 SUN COUNTRY LN SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 177 330250042 25758 SUNDANCE LN SUN CITY CA 92571 160.46 16.05 40.68 39.09 256.28 2138 364240027 29202 SUNDIAL CIR MENIFEE CA 92584 528.91 52.89 40.68 112.05 734.52 2368 372493002 28336 SUNGLOW RUN LN MENIFEE CA 92584 288.68 28.87 40.68 64.48 422.70 2371 372510001 28367 SUNGLOW RUN LN MENIFEE CA 92584 123.11 12.31 40.68 31.70 207.80 2280 372250025 28849 SUNNY VIEW DR MENIFEE CA 92584 379.65 37.97 40.68 82.49 540.78 1086 339331012 25630 SUNNYVALE CT MENIFEE CA 92584 225.60 22.56 40.68 51.99 340.82 1087 339334023 25707 SUNNYVALE CT MENIFEE CA 92584 102.62 10.26 40.68 27.64 181.20 613 335412019 26083 SUNNYWOOD ST SUN CITY CA 92586 148.85 14.89 40.68 36.79 241.20 2341 372413003 28560 SUNRIDGE CT MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 2344 372420026 28677 SUNRIDGE CT MENIFEE CA 91780 355.32 35.53 40.68 77.68 509.20 2221 364470074 30188 SUNSET PIER DR MENIFEE CA 92620 54.31 5.43 40.68 18.08 118.50 2223 364490010 30189 SUNSET PIER DR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1398 341213015 24963 SUNSET VISTA AVE MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1402 341230004 24838 SUNSET VISTA AVE MENIFEE CA 92584 414.22 41.42 40.68 89.34 585.66 1403 341231001 24783 SUNSET VISTA AVE MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 2231 372021016 28097 SUNWOOD PL MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 2233 372022002 28116 SUNWOOD PL MENIFEE CA 92584 208.91 20.89 40.68 48.69 319.16 2200 364370035 30225 SUTTON CT MENIFEE CA 92584 55.52 5.55 40.68 18.32 120.06 2201 364370051 30172 SUTTON CT MENIFEE CA 92584 494.47 49.45 40.68 105.23 689.82 468 333640012 29251 SWEETBRIER CT MENIFEE CA 92584 524.39 52.44 40.68 111.15 728.66 2416 384070015 33290 SWEETWATER CANYON RD MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2417 384070016 33324 SWEETWATER CANYON RD MENIFEE CA 92584 536.91 53.69 40.68 113.63 744.90 2418 384070018 33296 SWEETWATER CANYON RD MENIFEE CA 92584 867.45 86.75 40.68 179.08 1,173.94 1833 360401009 27071 SWIFT ST MENIFEE CA 92584 107.75 10.78 40.68 28.66 187.86 1834 360401012 27047 SWIFT ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 205 331371003 27586 SYLVIA AVE ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 206 331371006 27670 SYLVIA AVE SUN CITY CA 92584 430.55 43.06 40.68 92.57 606.86 207 331372005 27641 SYLVIA AVE ROMOLAND CA 92585 422.23 42.22 40.68 90.92 596.06 819 337202010 26401 TANGLEWOOD DR SUN CITY CA 92586 183.84 18.38 40.68 43.72 286.62 781 336480003 27954 TATE RD SUN CITY CA 92585 371.91 37.19 40.68 80.96 530.74 782 336480004 27942 TATE RD SUN CITY CA 80921 111.65 11.17 40.68 29.43 192.92 785 336490002 27699 TATE RD SUN CITY CA 92585 471.55 47.16 40.68 100.69 660.06 793 336511015 27994 TATE RD MENIFEE CA 92584 511.05 51.11 40.68 108.51 711.34 1926 360651012 31791 TATON CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2127 364230008 30275 TATTERSAIL WAY MENIFEE CA 92602 576.71 57.67 40.68 121.51 796.56 2128 364230014 30191 TATTERSAIL WAY MENIFEE CA 92584 362.39 36.24 40.68 79.08 518.38 2129 364230025 30188 TATTERSAIL WAY MENIFEE CA 92584 134.40 13.44 40.68 33.93 222.44 2130 364230031 30272 TATTERSAIL WAY MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2367 372491008 31779 TEAL GATE LN MENIFEE CA 92584 536.91 53.69 40.68 113.63 744.90 745 336331005 27415 TERRYTOWN RD SUN CITY CA 92586 215.24 21.52 40.68 49.94 327.38 747 336340004 27546 TERRYTOWN RD SUN CITY CA 92586 503.51 50.35 40.68 107.02 701.56 748 336342004 27547 TERRYTOWN RD SUN CITY CA 92586 316.12 31.61 40.68 69.91 458.32 1507 350153004 23125 TEXAS AVE QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1757 358750029 24470 TEXICAN CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2268 372222046 31922 THERESA CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2269 372222051 31901 THERESA CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2120 364212002 30920 THORN TREE WAY MENIFEE CA 92584 536.91 53.69 40.68 113.63 744.90 2121 364212004 30956 THORN TREE WAY MENIFEE CA 92584 493.60 49.36 40.68 105.06 688.70 657 336121004 29661 THORNHILL DR SUN CITY CA 90603 513.79 51.38 40.68 109.05 714.90 660 336123006 29800 THORNHILL DR SUN CITY CA 91754 266.71 26.67 40.68 60.13 394.18 662 336132001 29921 THORNHILL DR SUN CITY CA 92586 528.91 52.89 40.68 112.05 734.52 664 336143004 30001 THORNHILL DR SUN CITY CA 92586 482.85 48.29 40.68 102.93 674.74 857 338061015 29350 THORNHILL DR SUN CITY CA 92586 229.40 22.94 40.68 52.74 345.76

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Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 31

Menifee Mayor and City Council
June 4, 2025
Page
1046 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1768 358780007 30149 THUNDER CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1882 360491029 30715 TIERRA LINDA CT MENIFEE CA 92584 552.81 55.28 40.68 116.78 765.54 1883 360491038 30674 TIERRA LINDA CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1264 340470005 29713 TIERRA SHORES LN MENIFEE CA 92584 225.89 22.59 40.68 52.05 341.20 1265 340470006 29703 TIERRA SHORES LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1266 340470008 29683 TIERRA SHORES LN MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1267 340470010 29663 TIERRA SHORES LN MENIFEE CA 92584 383.04 38.30 40.68 83.16 545.18 1268 340470016 29708 TIERRA SHORES LN MENIFEE CA 90034 312.82 31.28 40.68 69.26 454.04 1269 340480008 29563 TIERRA SHORES LN MENIFEE CA 92584 358.15 35.82 40.68 78.24 512.88 1283 340500006 29813 TIERRA SHORES LN MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1284 340500008 29793 TIERRA SHORES LN MENIFEE CA 92584 278.89 27.89 40.68 62.54 410.00 1288 340500049 29918 TIERRA SHORES LN MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1289 340500051 29873 TIERRA SHORES LN MENIFEE CA 92584 159.06 15.91 40.68 38.82 254.46 1290 340500055 29913 TIERRA SHORES LN MENIFEE CA 92584 365.30 36.53 40.68 79.65 522.16 1291 340500059 29953 TIERRA SHORES LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1460 341411003 24128 TIMBER FARM DR MENIFEE CA 92587 253.36 25.34 40.68 57.49 376.86 1904 360581025 31926 TIMBERMAN CT MENIFEE CA 92584 35.00 3.50 40.68 14.25 93.42 2362 372470002 31071 TIVERTON RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2310 372340016 32670 TOLEWORTH ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 892 338216004 26303 TOPANGA WAY SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 1849 360433016 27089 TOSA LN MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1983 360862011 30407 TOWN SQUARE DR MENIFEE CA 92584 95.58 9.56 40.68 26.25 172.06 47 329070015 25080 TRADE WINDS DR ROMOLAND CA 92585 133.50 13.35 40.68 33.76 221.28 130 329263018 25915 TRADE WINDS DR ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 131 329264008 25852 TRADE WINDS DR ROMOLAND CA 92585 662.38 66.24 40.68 138.47 907.76 140 329340017 25301 TRADE WINDS DR ROMOLAND CA 92585 1,013.27 101.33 40.68 207.95 1,363.22 1680 358234016 31615 TRAMORE CIR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 232 331461019 27181 TRAN CT ROMOLAND CA 92585 251.48 25.15 40.68 57.12 374.42 233 331461020 27193 TRAN CT ROMOLAND CA 92585 208.19 20.82 40.68 48.54 318.22 905 338235002 26483 TRANCAS CT SUN CITY CA 92586 79.80 7.98 40.68 23.12 151.58 502 333751015 27617 TRAWLER CT MENIFEE CA 92585 241.58 24.16 40.68 55.16 361.56 2161 364270055 29327 TREMONT DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2162 364270078 29394 TREMONT DR MENIFEE CA 92584 300.00 30.00 40.68 66.72 437.40 53 329090051 28840 TRIPLE CROWN RD ROMOLAND CA 92585 214.82 21.48 40.68 49.86 326.84 54 329090056 28875 TRIPLE CROWN RD ROMOLAND CA 92585 541.95 54.20 40.68 114.63 751.44 217 331410034 26911 TROPICANA DR SUN CITY CA 48307 647.54 64.75 40.68 135.54 888.50 172 330240041 25730 TROY LN SUN CITY CA 92585 300.23 30.02 40.68 66.77 437.70 173 330240069 25597 TROY LN SUN CITY CA 92584 464.96 46.50 40.68 99.38 651.52 2439 461772045 30165 TRUCKEE CIR MENIFEE CA 92585 150.22 15.02 40.68 37.07 242.98 188 331110024 26200 TRUMBLE RD ROMOLAND CA 92586 576.71 57.67 40.68 121.51 796.56 189 331110025 26300 TRUMBLE RD ROMOLAND CA 92585 100.77 10.08 40.68 27.27 178.80 202 331340021 26540 TRUMBLE RD ROMOLAND CA 92585 267.00 26.70 40.68 60.19 394.56 203 331340024 26510 TRUMBLE RD ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 238 331461069 26613 TRUMBLE RD ROMOLAND CA 92585 161.65 16.17 40.68 39.33 257.82 242 331480003 26817 TRUMBLE RD ROMOLAND CA 92585 238.64 23.86 40.68 54.57 357.76 1951 360740012 31529 TUDOR CT MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1958 360751033 31661 TUDOR CT MENIFEE CA 92584 344.32 34.43 40.68 75.50 494.92 1354 340661002 29553 TULIPWOOD ST MENIFEE CA 92584 259.02 25.90 40.68 58.61 384.20 1355 340661008 29625 TULIPWOOD ST MENIFEE CA 92584 106.65 10.67 40.68 28.44 186.42 1356 340661011 29661 TULIPWOOD ST MENIFEE CA 92618 635.48 63.55 40.68 133.15 872.86 2429 388043003 28465 TULITA LN MENIFEE CA 92584 97.12 9.71 40.68 26.55 174.06 2431 388051019 28692 TULITA LN MENIFEE CA 92584 1,950.70 195.07 40.68 393.56 2,580.00 2243 372071006 31717 TUPELO CT MENIFEE CA 92584 371.43 37.14 40.68 80.87 530.12 2257 372211003 28537 TUPELO RD MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 2353 372442008 28810 TUPELO RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2354 372442009 28824 TUPELO RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2366 372490006 28422 TUPELO RD MENIFEE CA 92584 90.12 9.01 40.68 25.17 164.98 625 335490022 25540 TURFWOOD ST MENIFEE CA 92585 279.93 27.99 40.68 62.75 411.34 626 335490029 25603 TURFWOOD ST SUN CITY CA 92585 278.23 27.82 40.68 62.41 409.14 627 335491017 25660 TURFWOOD ST MENIFEE CA 92585 233.64 23.36 40.68 53.58 351.26 2378 372520023 31588 TURQUOISE CT MENIFEE CA 92584 246.56 24.66 40.68 56.14 368.04 1609 351210008 29084 TURTLE ROCK CT MENIFEE CA 92587 544.01 54.40 40.68 115.04 754.12 1610 351210011 29120 TURTLE ROCK CT QUAIL VALLEY CA 92587 263.99 26.40 40.68 59.59 390.66 1783 360063002 30307 TWAIN DR MENIFEE CA 92584 142.00 14.20 40.68 35.44 232.32 1791 360073038 30364 TWAIN DR MENIFEE CA 92584 145.84 14.58 40.68 36.20 237.30 2282 372262005 31205 TWILIGHT VISTA DR MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 2283 372263005 31164 TWILIGHT VISTA DR MENIFEE CA 92584 265.99 26.60 40.68 59.99 393.26 1217 340181002 29219 TWIN ARROW CIR MENIFEE CA 92584 211.75 21.18 40.68 49.25 322.84 1218 340181009 29163 TWIN ARROW CIR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1219 340181022 29184 TWIN ARROW CIR MENIFEE CA 92584 564.21 56.42 40.68 119.04 780.34 410 333461002 29139 TWIN HARBOR DR ROMOLAND CA 92585 120.36 12.04 40.68 31.15 204.22 411 333461005 29103 TWIN HARBOR DR ROMOLAND CA 92585 370.17 37.02 40.68 80.62 528.48 450 333590004 29914 TWIN LAKES RD ROMOLAND CA 92585 116.90 11.69 40.68 30.47 199.74 1723 358530020 30138 TWYMAN LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1724 358530021 30126 TWYMAN LN MENIFEE CA 92584 245.62 24.56 40.68 55.96 366.82 114 329222021 27534 TYLER AVE ROMOLAND CA 92585 45.65 4.57 40.68 16.36 107.26 1950 360740006 31538 TYME CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1954 360751004 31663 TYME CT MENIFEE CA 92584 462.18 46.22 40.68 98.83 647.90 1964 360770019 26380 ULMAN CT MENIFEE CA 92584 50.00 5.00 40.68 17.22 112.90 1965 360770021 26373 ULMAN CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1984 360862063 30485 UNIONTOWN WAY MENIFEE CA 92584 202.40 20.24 40.68 47.40 310.72 225 331442013 26192 UNITAS CT MENIFEE CA 92585 121.43 12.14 40.68 31.37 205.62

Page 27 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 32

Menifee Mayor and City Council
June 4, 2025
Page
1047 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 226 331442014 26204 UNITAS CT SUN CITY CA 92585 484.47 48.45 40.68 103.25 676.84 59 329142004 27866 VAN BUREN AVE ROMOLAND CA 92585 90.85 9.09 40.68 25.31 165.92 60 329143006 27855 VAN BUREN AVE ROMOLAND CA 92585 137.83 13.78 40.68 34.61 226.90 61 329143009 27839 VAN BUREN AVE ROMOLAND CA 92585 228.70 22.87 40.68 52.61 344.86 62 329143010 27847 VAN BUREN AVE ROMOLAND CA 92585 137.60 13.76 40.68 34.57 226.60 63 329143014 27831 VAN BUREN AVE ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 71 329165008 27702 VAN BUREN AVE ROMOLAND CA 90065 576.71 57.67 40.68 121.51 796.56 72 329166020 27641 VAN BUREN AVE MENIFEE CA 92585 271.43 27.14 40.68 61.07 400.32 74 329168002 27809 VAN BUREN AVE ROMOLAND CA 92567 50.00 5.00 40.68 17.22 112.90 108 329213010 27628 VAN BUREN AVE ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 111 329221003 27601 VAN BUREN AVE ROMOLAND CA 92585 137.95 13.80 40.68 34.64 227.06 112 329221007 27569 VAN BUREN AVE ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 209 331380007 27565 VANILLA CT ROMOLAND CA 92585 205.12 20.51 40.68 47.94 314.24 210 331380022 27668 VANILLA CT ROMOLAND CA 92585 571.93 57.19 40.68 120.56 790.36 211 331381008 27589 VANILLA CT ROMOLAND CA 92584 33.64 3.36 40.68 13.98 91.66 26 327290015 29040 VARELA LN ROMOLAND CA 92585 129.47 12.95 40.68 32.96 216.04 27 327290016 29010 VARELA LN MENIFEE CA 92585 233.64 23.36 40.68 53.58 351.26 1150 339480004 28796 VELA DR SUN CITY CA 92586 567.91 56.79 40.68 119.77 785.14 1151 339480005 28782 VELA DR MENIFEE CA 92677 202.64 20.26 40.68 47.45 311.02 1152 339481003 28698 VELA DR SUN CITY CA 92586 67.45 6.75 40.68 20.68 135.54 1153 339482005 28681 VELA DR SUN CITY CA 92586 567.91 56.79 40.68 119.77 785.14 1154 339482008 28737 VELA DR SUN CITY CA 92586 70.04 7.00 40.68 21.19 138.90 1155 339482011 28779 VELA DR SUN CITY CA 92586 520.23 52.02 40.68 110.33 723.26 593 335332006 27327 VENTAN ST SUN CITY CA 92586 106.65 10.67 40.68 28.44 186.42 1641 351261006 29039 VERMILLION LN CANYON LAKE CA 92587 78.50 7.85 40.68 22.87 149.90 2068 364095017 30131 VIA AMANTE MENIFEE CA 92584 178.01 17.80 40.68 42.57 279.06 2069 364095019 30123 VIA AMANTE MENIFEE CA 92584 1,136.01 113.60 40.68 232.25 1,522.54 1776 360020019 26240 VIA CABANA SUN CITY CA 92836 116.59 11.66 40.68 30.41 199.34 743 336322016 28315 VIA CASCADITA SUN CITY CA 92585 309.43 30.94 40.68 68.59 449.64 744 336322017 28309 VIA CASCADITA SUN CITY CA 92585 559.30 55.93 40.68 118.06 773.96 191 331170043 27985 VIA CHOLULA MENIFEE CA 92585 106.65 10.67 40.68 28.44 186.42 192 331170047 27891 VIA CHOLULA MENIFEE CA 92585 233.64 23.36 40.68 53.58 351.26 257 331534017 27872 VIA CHOLULA MENIFEE CA 92585 528.91 52.89 40.68 112.05 734.52 720 336282039 27152 VIA DEBRA SUN CITY CA 92586 288.68 28.87 40.68 64.48 422.70 721 336294004 27265 VIA DEBRA SUN CITY CA 92586 722.23 72.22 40.68 150.32 985.46 726 336295037 27254 VIA DEBRA SUN CITY CA 92586 233.64 23.36 40.68 53.58 351.26 727 336295039 27278 VIA DEBRA SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 2065 364094017 30095 VIA DEL FIERRO MENIFEE CA 92584 83.64 8.36 40.68 23.88 156.56 2071 364096011 30116 VIA DEL FIERRO MENIFEE CA 92584 375.70 37.57 40.68 81.71 535.66 2077 364102016 30125 VIA DEL FIERRO MENIFEE CA 92584 509.27 50.93 40.68 108.16 709.02 2081 364103020 30178 VIA DEL FIERRO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2082 364103021 30190 VIA DEL FIERRO MENIFEE CA 92584 568.06 56.81 40.68 119.80 785.34 2464 472050009 30797 VIA LAS ROSAS MENIFEE CA 92596 707.32 70.73 40.68 147.37 966.10 1173 340081023 28885 VIA MARSALA MENIFEE CA 92584 316.52 31.65 40.68 69.99 458.84 717 336282008 29712 VIA NARAVILLA SUN CITY CA 92586 277.60 27.76 40.68 62.29 408.32 718 336282015 29656 VIA NARAVILLA SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 2066 364094022 30090 VIA PALERMO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2067 364095003 30138 VIA PALERMO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2070 364096003 30163 VIA PALERMO MENIFEE CA 92584 460.62 46.06 40.68 98.53 645.88 2078 364103003 30248 VIA PALERMO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2079 364103006 30272 VIA PALERMO MENIFEE CA 92584 241.39 24.14 40.68 55.12 361.32 2080 364103015 30217 VIA PALERMO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 321 333271005 27672 VIA REAL SUN CITY CA 92165 103.22 10.32 40.68 27.76 181.98 325 333275007 27597 VIA REAL SUN CITY CA 92585 162.74 16.27 40.68 39.54 259.24 326 333275010 27621 VIA REAL SUN CITY CA 92585 162.74 16.27 40.68 39.54 259.24 327 333275011 27633 VIA REAL SUN CITY CA 92585 162.74 16.27 40.68 39.54 259.24 328 333275014 27651 VIA REAL SUN CITY CA 92585 215.60 21.56 40.68 50.01 327.84 340 333282029 27546 VIA REAL SUN CITY CA 92585 162.74 16.27 40.68 39.54 259.24 249 331510012 27798 VIA SANTA CATARINA MENIFEE CA 92584 103.67 10.37 40.68 27.85 182.56 719 336282029 29632 VIA SONROSEO SUN CITY CA 92586 700.36 70.04 40.68 145.99 957.06 1171 340081003 29860 VIA VIENTO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1185 340101023 29790 VIA VIENTO MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1186 340102008 29825 VIA VIENTO MENIFEE CA 92584 33.85 3.39 40.68 14.02 91.94 1947 360720026 31813 VICTORIA PL MENIFEE CA 92584 348.03 34.80 40.68 76.23 499.74 2332 372392023 28284 VIENNA CT MENIFEE CA 92584 567.91 56.79 40.68 119.77 785.14 2172 364300070 30691 VIEW RIDGE LN MENIFEE CA 92584 234.78 23.48 40.68 53.81 352.74 2173 364300071 30679 VIEW RIDGE LN MENIFEE CA 92584 371.43 37.14 40.68 80.87 530.12 1989 360870045 30497 VILLAGE KNOLL DR MENIFEE CA 92584 241.14 24.11 40.68 55.07 361.00 1990 360880024 30365 VILLAGE KNOLL DR MENIFEE CA 92584 520.71 52.07 40.68 110.42 723.88 1991 360880035 30405 VILLAGE KNOLL DR MENIFEE CA 92584 137.18 13.72 40.68 34.48 226.06 1993 360880056 30362 VILLAGE KNOLL DR MENIFEE CA 92584 271.71 27.17 40.68 61.12 400.68 1987 360870005 30485 VILLAGE TERRACE DR MENIFEE CA 92584 522.73 52.27 40.68 110.82 726.50 1988 360870012 30457 VILLAGE TERRACE DR MENIFEE CA 92584 387.72 38.77 40.68 84.09 551.26 1992 360880037 30394 VILLAGE TERRACE DR MENIFEE CA 92584 333.15 33.32 40.68 73.29 480.42 1587 351083014 23363 VISTA WAY QUAIL VALLEY CA 92587 233.64 23.36 40.68 53.58 351.26 1588 351084008 23855 VISTA WAY QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1589 351084010 23883 VISTA WAY QUAIL VALLEY CA 92587 220.24 22.02 40.68 50.93 333.86 1590 351084013 23925 VISTA WAY QUAIL VALLEY CA 92587 361.22 36.12 40.68 78.84 516.86 1591 351085012 23792 VISTA WAY QUAIL VALLEY CA 92587 116.65 11.67 40.68 30.42 199.40 1592 351094015 23744 VISTA WAY SUN CITY CA 92587 507.45 50.75 40.68 107.80 706.66 1593 351095016 23589 VISTA WAY QUAIL VALLEY CA 92020 575.89 57.59 40.68 121.35 795.50 1594 351095021 23515 VISTA WAY CANYON LAKE CA 92587 106.65 10.67 40.68 28.44 186.42

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Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 33

Menifee Mayor and City Council
June 4, 2025
Page
1048 of 1361

Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1595 351095028 23735 VISTA WAY QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1600 351113009 23122 VISTA WAY QUAIL VALLEY CA 92587 561.67 56.17 40.68 118.53 777.04 1601 351114007 23193 VISTA WAY QUAIL VALLEY CA 92354 535.40 53.54 40.68 113.33 742.94 989 339101007 28317 W WORCESTER RD SUN CITY CA 92586 257.08 25.71 40.68 58.22 381.68 990 339101018 28362 W WORCESTER RD MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 1007 339131006 28831 W WORCESTER RD MENIFEE CA 92586 465.27 46.53 40.68 99.45 651.92 1010 339141005 28981 W WORCESTER RD SUN CITY CA 92586 222.73 22.27 40.68 51.42 337.10 1023 339173004 28551 W WORCESTER RD SUN CITY CA 92586 449.65 44.97 40.68 96.35 631.64 1113 339414001 29434 WAGON CREEK LN MENIFEE CA 92584 55.07 5.51 40.68 18.23 119.48 1114 339414002 29444 WAGON CREEK LN MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1115 339414008 29504 WAGON CREEK LN MENIFEE CA 92584 329.34 32.93 40.68 72.53 475.48 1116 339414012 29544 WAGON CREEK LN MENIFEE CA 91910 576.71 57.67 40.68 121.51 796.56 1117 339421015 29274 WAGON CREEK LN MENIFEE CA 92532 371.43 37.14 40.68 80.87 530.12 1118 339421017 29254 WAGON CREEK LN MENIFEE CA 92584 816.02 81.60 40.68 168.89 1,107.20 1122 339423012 29309 WAGON CREEK LN MENIFEE CA 92584 343.70 34.37 40.68 75.38 494.12 2021 362060033 25681 WALDON RD MENIFEE CA 92584 23.43 2.34 40.68 11.96 78.40 404 333442001 29132 WALKER POINT LN ROMOLAND CA 92679 233.64 23.36 40.68 53.58 351.26 1820 360240005 27052 WARDELL LN MENIFEE CA 92584 382.26 38.23 40.68 83.01 544.18 1692 358441019 30438 WARM LODGE CT MENIFEE CA 92584 349.34 34.93 40.68 76.49 501.44 1270 340480012 29979 WARM SANDS DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1271 340480019 29909 WARM SANDS DR MENIFEE CA 92584 572.96 57.30 40.68 120.77 791.70 1272 340480024 29924 WARM SANDS DR MENIFEE CA 92584 709.83 70.98 40.68 147.87 969.36 1273 340480025 29934 WARM SANDS DR MENIFEE CA 92584 403.37 40.34 40.68 87.19 571.58 1277 340490002 29889 WARM SANDS DR MENIFEE CA 92584 209.04 20.90 40.68 48.71 319.34 1278 340490008 29829 WARM SANDS DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1279 340490011 29799 WARM SANDS DR MENIFEE CA 92584 220.00 22.00 40.68 50.88 333.56 1280 340490024 29864 WARM SANDS DR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 983 339062013 25916 WARWICK RD SUN CITY CA 92586 573.61 57.36 40.68 120.90 792.54 984 339081004 25621 WARWICK RD SUN CITY CA 92586 356.35 35.64 40.68 77.88 510.54 988 339091003 25771 WARWICK RD SUN CITY CA 92586 462.10 46.21 40.68 98.82 647.80 91 329191016 27904 WASHINGTON AVE ROMOLAND CA 92585 528.91 52.89 40.68 112.05 734.52 93 329192003 27960 WASHINGTON AVE ROMOLAND CA 92570 576.71 57.67 40.68 121.51 796.56 94 329193003 27985 WASHINGTON AVE ROMOLAND CA 92585 509.79 50.98 40.68 108.26 709.70 96 329194001 27937 WASHINGTON AVE ROMOLAND CA 92585 215.24 21.52 40.68 49.94 327.38 97 329194028 27875 WASHINGTON AVE ROMOLAND CA 92585 711.17 71.12 40.68 148.13 971.10 1691 358430029 25500 WATER WHEEL CT MENIFEE CA 92584 867.75 86.78 40.68 179.14 1,174.34 357 333330005 27586 WATERCREST DR ROMOLAND CA 92563 111.65 11.17 40.68 29.43 192.92 379 333364004 27967 WATERMARK DR ROMOLAND CA 92585 103.35 10.34 40.68 27.79 182.14 25 327260030 29330 WATSON RD ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 51 329070060 28300 WATSON RD ROMOLAND CA 92585 233.64 23.36 40.68 53.58 351.26 55 329090067 28865 WATSON RD ROMOLAND CA 92585 23.28 2.33 40.68 11.93 78.22 98 329201008 27765 WATSON RD ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 99 329201016 27831 WATSON RD ROMOLAND CA 92585 381.57 38.16 40.68 82.87 543.28 117 329232024 27599 WATSON RD ROMOLAND CA 92585 138.50 13.85 40.68 34.75 227.78 134 329320003 28514 WATSON RD ROMOLAND CA 92585 578.84 57.88 40.68 121.93 799.34 135 329320008 28610 WATSON RD ROMOLAND CA 92583 163.67 16.37 40.68 39.73 260.44 136 329320012 28730 WATSON RD ROMOLAND CA 92585 526.54 52.65 40.68 111.58 731.44 137 329320013 28790 WATSON RD ROMOLAND CA 92585 722.23 72.22 40.68 150.32 985.46 138 329330034 28204 WATSON RD ROMOLAND CA 92585 288.68 28.87 40.68 64.48 422.70 850 338021004 29065 WAVERLY DR SUN CITY CA 92586 234.47 23.45 40.68 53.75 352.34 885 338191003 29207 WAVERLY DR SUN CITY CA 92586 218.30 21.83 40.68 50.55 331.36 469 333650002 28662 WEDELIA ST MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1006 339125015 28712 WEE BURN WAY SUN CITY CA 92586 552.81 55.28 40.68 116.78 765.54 770 336432013 28665 WELLINGTON CT MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 771 336432014 28653 WELLINGTON CT MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 772 336432016 28629 WELLINGTON CT MENIFEE CA 92584 103.35 10.34 40.68 27.79 182.14 1571 350285015 23986 WELLS PL QUAIL VALLEY CA 92530 111.65 11.17 40.68 29.43 192.92 1572 350285018 23956 WELLS PL QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1573 350285023 23896 WELLS PL QUAIL VALLEY CA 92587 505.74 50.57 40.68 107.46 704.44 646 336060010 27138 WENTWORTH DR SUN CITY CA 92586 662.38 66.24 40.68 138.47 907.76 651 336076009 27346 WENTWORTH DR SUN CITY CA 92586 556.81 55.68 40.68 117.57 770.74 1472 350072026 28135 WEST DR QUAIL VALLEY CA 92587 576.71 57.67 40.68 121.51 796.56 1473 350072027 28145 WEST DR QUAIL VALLEY CA 92587 722.23 72.22 40.68 150.32 985.46 1474 350072030 28175 WEST DR MENIFEE CA 92587 355.32 35.53 40.68 77.68 509.20 1475 350073009 28150 WEST DR QUAIL VALLEY CA 92130 594.21 59.42 40.68 124.98 819.28 124 329262015 25963 WEST WINDS DR SUN CITY CA 92585 528.91 52.89 40.68 112.05 734.52 125 329262016 25945 WEST WINDS DR ROMOLAND CA 92567 565.22 56.52 40.68 119.24 781.66 126 329262022 25853 WEST WINDS DR ROMOLAND CA 92585 520.71 52.07 40.68 110.42 723.88 127 329262029 25743 WEST WINDS DR ROMOLAND CA 92543 520.71 52.07 40.68 110.42 723.88 128 329263004 25812 WEST WINDS DR ROMOLAND CA 92585 576.71 57.67 40.68 121.51 796.56 129 329263012 25932 WEST WINDS DR ROMOLAND CA 92585 340.25 34.03 40.68 74.69 489.64 1432 341320014 29830 WESTERN FRONT DR MENIFEE CA 92584 317.44 31.74 40.68 70.18 460.04 1433 341321004 29945 WESTERN FRONT DR MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 1434 341321005 29933 WESTERN FRONT DR MENIFEE CA 92584 528.91 52.89 40.68 112.05 734.52 1461 341420011 29983 WESTERN STAR DR MENIFEE CA 92587 552.81 55.28 40.68 116.78 765.54 1462 341420014 29947 WESTERN STAR DR MENIFEE CA 92587 59.18 5.92 40.68 19.04 124.82 1463 341420017 29911 WESTERN STAR DR MENIFEE CA 92587 111.65 11.17 40.68 29.43 192.92 1465 341430006 29803 WESTERN STAR DR MENIFEE CA 92688 50.99 5.10 40.68 17.42 114.18 2032 364021009 30063 WESTLAKE DR MENIFEE CA 92584 467.75 46.78 40.68 99.94 655.14 2035 364022022 30090 WESTLAKE DR MENIFEE CA 92584 551.65 55.17 40.68 116.55 764.04 2036 364023005 30187 WESTLAKE DR MENIFEE CA 90278 559.30 55.93 40.68 118.06 773.96 1188 340110014 29897 WESTLINK DR MENIFEE CA 92584 112.15 11.22 40.68 29.53 193.56

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Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 34

Menifee Mayor and City Council
June 4, 2025
Page
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Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 1189 340110022 29867 WESTLINK DR MENIFEE CA 92584 123.72 12.37 40.68 31.82 208.58 942 338301036 26114 WESTRIDGE AVE SUN CITY CA 92586 106.65 10.67 40.68 28.44 186.42 943 338301039 26060 WESTRIDGE AVE MENIFEE CA 92586 111.65 11.17 40.68 29.43 192.92 944 338302007 26119 WESTRIDGE AVE SUN CITY CA 92586 552.81 55.28 40.68 116.78 765.54 1448 341350027 29418 WESTWARD CIR MENIFEE CA 92584 148.76 14.88 40.68 36.78 241.08 2335 372400020 31460 WESTWIND LN MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2336 372400023 31418 WESTWIND LN MENIFEE CA 92584 164.46 16.45 40.68 39.89 261.46 2337 372400025 31390 WESTWIND LN MENIFEE CA 92584 203.57 20.36 40.68 47.63 312.24 2338 372401006 31465 WESTWIND LN MENIFEE CA 92584 303.41 30.34 40.68 67.40 441.82 2289 372291014 28382 WESTWOOD WAY MENIFEE CA 92584 722.23 72.22 40.68 150.32 985.46 169 330180044 26251 WHEAT ST SUN CITY CA 92585 535.40 53.54 40.68 113.33 742.94 2185 364320053 30620 WHETSTONE CIR MENIFEE CA 92131 576.71 57.67 40.68 121.51 796.56 2186 364320054 30632 WHETSTONE CIR MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 2187 364320064 30635 WHETSTONE CIR MENIFEE CA 92584 526.79 52.68 40.68 111.63 731.78 1250 340430012 27623 WHISPERWOOD DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1251 340430013 27611 WHISPERWOOD DR MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 1142 339450017 25628 WHITE ASPEN CIR MENIFEE CA 92584 287.31 28.73 40.68 64.21 420.92 1922 360630023 30498 WHITE FIR DR MENIFEE CA 92584 734.63 73.46 40.68 152.78 1,001.54 1923 360631006 30455 WHITE FIR DR MENIFEE CA 90620 120.66 12.07 40.68 31.21 204.62 344 333310001 28364 WHITE OAKS ST SANTA ANA CA 92706 26.78 2.68 40.68 12.62 82.76 345 333310002 28376 WHITE OAKS ST MENIFEE CA 92585 457.09 45.71 40.68 97.83 641.30 2002 360942006 30733 WHITE PINES DR MENIFEE CA 93065 88.21 8.82 40.68 24.79 162.50 416 333481003 29409 WHITEWATER DR ROMOLAND CA 92585 111.65 11.17 40.68 29.43 192.92 1353 340650015 29497 WHITEWOOD ST MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1932 360660001 31857 WHITFIELD ST MENIFEE CA 92584 205.32 20.53 40.68 47.98 314.50 1934 360660027 31924 WHITFIELD ST MENIFEE CA 92584 284.47 28.45 40.68 63.65 417.24 980 339051028 25920 WHITMAN RD MENIFEE CA 92586 371.43 37.14 40.68 80.87 530.12 786 336491011 27741 WHITTINGTON RD MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 792 336510014 27924 WHITTINGTON RD MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 1830 360360006 27171 WICKERD RD MENIFEE CA 92584 670.26 67.03 40.68 140.03 918.00 2252 372100023 28900 WICKERD RD MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2440 466220020 30125 WICKERD RD MENIFEE CA 92563 63.70 6.37 40.68 19.94 130.68 2019 362040045 25625 WICKERD RD UNIT A MENIFEE CA 92562 867.75 86.78 40.68 179.14 1,174.34 1701 358490033 30445 WIDE PLAINS CT MENIFEE CA 92584 355.32 35.53 40.68 77.68 509.20 1702 358490039 30370 WIDE PLAINS CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1703 358490044 30440 WIDE PLAINS CT MENIFEE CA 92584 299.68 29.97 40.68 66.66 436.98 2213 364420014 30839 WILD BERRY WAY MENIFEE CA 92584 155.32 15.53 40.68 38.08 249.60 2214 364421006 30880 WILD BERRY WAY MENIFEE CA 92584 360.32 36.03 40.68 78.67 515.70 1631 351241017 29302 WILDCAT CANYON RD QUAIL VALLEY CA 92587 509.45 50.95 40.68 108.19 709.26 1634 351250018 29305 WILDCAT CANYON RD QUAIL VALLEY CA 92587 238.64 23.86 40.68 54.57 357.76 1720 358522043 25837 WILDERNESS WAY MENIFEE CA 92586 576.71 57.67 40.68 121.51 796.56 1870 360480017 26835 WILDFLOWER ST MENIFEE CA 92584 138.50 13.85 40.68 34.75 227.78 953 338320008 29627 WILLIAMETTE WAY SUN CITY CA 92586 111.65 11.17 40.68 29.43 192.92 959 338321033 29638 WILLIAMETTE WAY SUN CITY CA 92586 296.51 29.65 40.68 66.03 432.86 2105 364145012 30612 WILLOW VILLAGE DR MENIFEE CA 92590 497.56 49.76 40.68 105.84 693.84 2106 364145014 30632 WILLOW VILLAGE DR MENIFEE CA 92584 305.91 30.59 40.68 67.89 445.06 2108 364146026 30603 WILLOW VILLAGE DR MENIFEE CA 92584 559.30 55.93 40.68 118.06 773.96 2227 372012018 31105 WILLOWOOD WAY MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2228 372013001 31060 WILLOWOOD WAY MENIFEE CA 92584 124.47 12.45 40.68 31.97 209.56 2234 372024012 31340 WILLOWOOD WAY MENIFEE CA 92584 574.21 57.42 40.68 121.02 793.32 2235 372025002 31335 WILLOWOOD WAY MENIFEE CA 92584 110.23 11.02 40.68 29.15 191.08 360 333330056 29167 WILLOWS LANDING DR ROMOLAND CA 92585 116.90 11.69 40.68 30.47 199.74 361 333330059 29203 WILLOWS LANDING DR MENIFEE CA 92585 575.61 57.56 40.68 121.29 795.14 366 333333016 29114 WILLOWS LANDING DR ROMOLAND CA 92585 141.30 14.13 40.68 35.30 231.40 367 333333024 29210 WILLOWS LANDING DR ROMOLAND CA 92585 634.87 63.49 40.68 133.03 872.06 1740 358561010 30570 WIND WALKER WAY MENIFEE CA 92584 105.32 10.53 40.68 28.18 184.70 2259 372212016 28609 WINDRIDGE DR MENIFEE CA 92596 576.71 57.67 40.68 121.51 796.56 2263 372221029 28658 WINDRIDGE DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2038 364043001 28186 WINDSAIL CT MENIFEE CA 92584 111.65 11.17 40.68 29.43 192.92 2039 364043003 28206 WINDSAIL CT MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 2040 364043009 28278 WINDSAIL CT MENIFEE CA 92584 192.34 19.23 40.68 45.41 297.66 2041 364043018 28187 WINDSAIL CT MENIFEE CA 92584 484.47 48.45 40.68 103.25 676.84 815 337183021 28265 WINDSOR DR SUN CITY CA 92586 499.86 49.99 40.68 106.29 696.82 816 337183022 28235 WINDSOR DR MENIFEE CA 92586 210.00 21.00 40.68 48.90 320.58 2215 364422014 30898 WINDY RIDGE WAY MENIFEE CA 92584 509.45 50.95 40.68 108.19 709.26 2216 364422018 30866 WINDY RIDGE WAY MENIFEE CA 92584 80.93 8.09 40.68 23.35 153.04 2218 364423006 30873 WINDY RIDGE WAY MENIFEE CA 92584 520.71 52.07 40.68 110.42 723.88 1420 341290002 24718 WINTER CIR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 1423 341291005 24514 WINTER CIR MENIFEE CA 92584 110.23 11.02 40.68 29.15 191.08 969 338343006 29752 WINTER HAWK RD SUN CITY CA 92586 38.50 3.85 40.68 14.95 97.98 970 338343010 29808 WINTER HAWK RD SUN CITY CA 91706 509.21 50.92 40.68 108.15 708.96 971 338343011 29822 WINTER HAWK RD SUN CITY CA 92586 192.01 19.20 40.68 45.34 297.22 977 338351016 29909 WINTER HAWK RD SUN CITY CA 92530 530.51 53.05 40.68 112.36 736.60 2155 364260053 30319 WOODBURY CIR MENIFEE CA 92584 233.64 23.36 40.68 53.58 351.26 789 336501009 28675 WOODCHESTER WAY SUN CITY CA 91765 440.70 44.07 40.68 94.58 620.02 2118 364181002 28786 WOODCREST LAKE DR MENIFEE CA 92584 521.44 52.14 40.68 110.57 724.82 490 333710080 29521 WOODEN BOAT DR MENIFEE CA 92584 369.16 36.92 40.68 80.42 527.16 491 333720002 29546 WOODEN BOAT DR MENIFEE CA 92555 484.47 48.45 40.68 103.25 676.84 492 333720003 29534 WOODEN BOAT DR MENIFEE CA 92584 371.43 37.14 40.68 80.87 530.12 1119 339421019 25116 WOODEN GATE DR MENIFEE CA 92584 360.32 36.03 40.68 78.67 515.70 1120 339422002 25036 WOODEN GATE DR MENIFEE CA 92584 576.71 57.67 40.68 121.51 796.56 1121 339423002 25021 WOODEN GATE DR MENIFEE CA 92584 126.65 12.67 40.68 32.40 212.38

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Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 35

Menifee Mayor and City Council
June 4, 2025
Page
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Rec No ParcelNo HOUSE# STREET CITY STATE MailZip Principal Penalty Admin Fee Interest Total TR 877 338121029 29903 WOODSTOCK PL SUN CITY CA 92586 576.71 57.67 40.68 121.51 796.56 223 331441016 26797 WORTHY DR SUN CITY CA 92585 559.30 55.93 40.68 118.06 773.96 224 331441017 26785 WORTHY DR SUN CITY CA 92585 23.82 2.38 40.68 12.04 78.92 2022 362120034 33797 WRIGHT RD MENIFEE CA 92121 145.01 14.50 40.68 36.03 236.22 2026 362290025 33480 WRIGHT RD MENIFEE CA 92584 400.33 40.03 40.68 86.59 567.62 650 336074029 27266 YORBA LINDA CT SUN CITY CA 92586 627.56 62.76 40.68 131.58 862.58 1852 360451011 30962 YOUNG DOVE ST MENIFEE CA 92584 176.77 17.68 40.68 42.32 277.44 2427 384170003 33780 ZEIDERS RD MENIFEE CA 92584 44.78 4.48 40.68 16.19 106.12 639 335560002 27393 ZEOLITE RD SUN CITY CA 92586 41.11 4.11 40.68 15.46 101.36 895 338224017 29719 ZUMA WAY MENIFEE CA 92882 111.65 11.17 40.68 29.43 192.92

Page 31 of 31 ends

Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 36

Menifee Mayor and City Council
June 4, 2025
Page
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NOTICE OF PUBLIC HEARING

CITY OF MENIFEE MAYOR AND CITY COUNCIL
NOTICE IS HEREBY GIVEN that a Public Hearing will be held before the Mayor and City Council of the City of Menifee on Wednesday, June 4, 2025, at 6:00 P.M., or as soon thereafter as the matter may be called, at the City Hall Council Chamber, 29844 Haun Road, Menifee, California, pursuant to Section 6066 of the California Government Code, to consider the following items:
1) Conduct the Public Hearing and accept public testimony regarding Calendar Year (CY) 2024 delinquent solid waste accounts to be applied to the Fiscal Year (FY) 2025/2026 County of Riverside property tax roll for collection.
2) Approve the Solid Waste Delinquency Report from Waste Management, Inc. listing the CY 2024 delinquent solid waste accounts for placement on the FY 2025/2026 County of Riverside property tax roll for collection.
3) Adopt a Resolution authorizing the collection of delinquent solid waste charges on the annual property tax roll; and
4) Authorize the City Clerk to issue a certified copy of the Resolution and the Solid Waste Delinquency Report to be filed with the County of Riverside Auditor-Controller by Waste Management.

All solid waste accounts delinquent beyond sixty (60) days are considered for placement on the County of Riverside property tax roll as a means of collecting these accounts. It is the intent of the City Council to place delinquent solid waste accounts on the tax roll for collection. A copy of delinquent solid waste accounts is available in the City Clerk’s Office, located at 29844 Haun Road, Menifee, CA, for public review during regular business hours.

It is requested that objections and protests be submitted in writing to the City Clerk at least seven (7) days prior to the public hearing date, on or before May 28, 2025. Upon conclusion of the hearing, the City Council may adopt, receive, change, reduce, or modify any charge, overrule any or all objections, and shall make its determination upon each delinquent charge presented. Such determination shall be final.

Upon request, this notice of public hearing will be made available in appropriate alternative formats to persons with disabilities, in compliance with the Americans with Disabilities Act of 1990. Any person with a disability who requires a modification or accommodation in order to participate in this public hearing should direct such requests to the City Clerk at 951.723.3708 at least 72 hours before the public hearing. The 72-hour notification will enable the City to make Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 37

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June 4, 2025
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reasonable arrangements to ensure accessibility to this public hearing. For means of participation during the public hearing please view the agenda, posted at least 72 hours prior to the meeting, at https://www.cityofmenifee.us/agendas.

Stephanie Roseen, City Clerk
Item Title: 11.3
2024 Delinquent Solid Waste Accounts for Collection on Riverside County’s Property Tax Roll Item Page Number: 38

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June 4, 2025
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CITY OF MENIFEE
SUBJECT: First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps
MEETING DATE: June 4, 2025
TO: Mayor and City Council
PREPARED BY: Sonya Rivera-Bu, Fire Marshal
REVIEWED BY: Rebekah Kramer, Deputy City Manager
APPROVED BY: Armando G. Villa, City Manager
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RECOMMENDED ACTION

1. Introduce an ordinance to adopt the Fire Hazard Severity Zone Maps in the Local Responsibility Areas for the City of Menifee.

DISCUSSION
Fire Hazard Severity Zones (FHSZ) arose from major destructive fires across California, prompting the recognition of the these areas and identifying strategies to reduce wildfire risk.

Government Code Sections 51178-51179 assigns responsibility to the Office of the State Fire Marshal (OSFM) to classify lands statewide into FHSZ that are Moderate, High, or Very High.

These classifications are determined using factors such as vegetation or fuel loading, terrain, fire weather conditions, historical fire activity, ember production and movement, and wind patterns where wind has been identified as a major cause of wildfire spread. FHSZ are based on the likelihood of a fire occurring in these areas and its expected behavior over a 30- to 50-year period under existing conditions.

In response to the San Bernadino Panorama Fire in 1980, the State implemented California Public Resource Code 4201-4204 which mandated the creation of FHSZ for the State Responsibility Area (SRA). The SRA identifies the land areas in which the State is required to supress and prevent all unwanted fire. The first SRA map was published in 1985. FHSZ classifications in the Local Responsibility Areas (LRA) were established with Assembly Bill (AB) 337 in 1992 after the Alameda County Tunnel Fire in 1991. The LRA map identifies land areas where the local government is responsible to mitigate and prevent wildfires. In 2011, CAL FIRE completed the Very High FHSZ within the LRA map that encompassed 38 counties and nearly 200 cities. During this time, local governments were able to adopt the LRA maps as recommended or adjust the recommendation to be more or less restrictive.

Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 1

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City of Menifee Staff Report
LRA Fire Map Ordinance
June 4, 2025

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In 2021, Senate Bill (SB) 63 expanded the scope of the FHSZ classifications by mandating the identification of additional zones, including Moderate and High FHSZ, to the Very High FHSZ. In 2022, AB 211, as codified in Government Code section 51179, reinforced these mandates and required local agencies to formally designate, by ordinance, all three classifications within 120 days of receiveing the recommendations from the OSFM. The bill also eliminated the local governemnts’ ability to downgrade the hazard levels recommended by the OSFM.

Previously, the FHSZ maps were adopted as part of the Fire Code (City of Menifee Municipal Code Chapter 8.20). However, current legislation requires a separate ordinance to adopt the updated LRA maps. Government Code Section 51178 requires local agencies to engage in a transparent and participatory process to ensure that affected communities have access to updated wildfire hazard information.

Furthermore, local agencies are now required to:

1. Within 30 days of the release of the LRA map, make the information available for public review and comment. The updated LRA map for the City of Menifee was released on March 24, 2025 and can be viewed on the City’s website: https://www.cityofmenifee.us/1088/Fire- Maps as well as the OSFM website: https://osfm.fire.ca.gov/what-we-do/community- wildfire-preparedness-and-mitigation/fire-hazard-severity-zones.

2. AB 211 requires a local agency to designate, by ordinance, Moderate and High FHSZ within 120 days of the release of the LRA map and adopt the recommended map.

3. Within 30 days of local ordinance adoption, the City of Menifee is required to submit a copy of the ordinance to the Board of Forestry and Fire Protection.

It is important to note that while the public review and comment period is required by the State, the City of Menifee has no authority to modify the designations established by the OSFM.

STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ATTACHMENTS

1. Ordinance

2. Fire Hazard Severity Zone Map

3. State Minimum Requirements

4. Public Comment
Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 2

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ORDINANCE NO. 2025-___

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

MENIFEE, CALIFORNIA, ADOPTING THE FIRE HAZARD

SEVERITY ZONES PURSUANT TO GOVERNMENT CODE
SECTION 51178
WHEREAS, California Government Code (Gov. Code) Section 51178, requires the State Fire Marshal to identify areas in the state as moderate, high, and very high fire hazard severity zones based on consistent statewide criteria and based on the severity of fire hazard that is expected to prevail in those areas; and
WHEREAS, pursuant to Gov. Code Section 51179, a local agency must designate, by ordinance, moderate, high, and very high fire hazard severity zones in its jurisdiction within 120 days of receiving recommendations from the State Fire Marshal pursuant to Section 51178; and
WHEREAS, the City of Menifee desires to adopt the FHSZ map as recommended from the State Fire Marshal to comply with state law.

NOW, THEREFORE, the City Council of the City of Menifee does ordain as follows:

SECTION 1. Recitals. The above recitals are true and correct and are incorporated herein by this reference.

SECTION 2. Designation of Fire Hazard Zones. The City of Menifee hereby approves the recommendation of the State Fire Marshal made pursuant to California Government Code Section 51178 and designates those areas within the City of Menifee as moderate, high, and very high fire hazard severity zones as shown on the Fire Hazard Severity Zone Map published by the Office of the State Fire Marshal.

SECTION 3. Adoption of Map. The City Council hereby adopts the portion of the State Fire Marshal’s Fire Hazard Severity Zone Map covering the City of Menifee as the “City of Menifee Fire Hazard Severity Zone Map.” A copy of the City of Menifee Fire Hazard Severity Zone Map is on file with the City Clerk and can also be found online at the City of Menifee’s webpage and is incorporated herein by reference.

SECTION 4. If any section, subsection, sentence, clause, or phrase of this Ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance, and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional, without regard to whether any portion of the Ordinance would be subsequently declared invalid or unconstitutional.

SECTION 5. This Ordinance shall take effect 30 days from the date of its adoption.

SECTION 6. The City Clerk shall certify to the passage and adoption of this Ordinance, and shall cause to be published within 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, cause this Ordinance to be published in a manner required by law using the alternative summary and posting procedure authorized under Government Code Section 36933(c).

Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 3

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LRA Fire Ordinance
June 4, 2025
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4 This Ordinance was introduced and read on the 4 th day of June 2025 and PASSED, APPROVED, AND ADOPTED, this 18th day of June 2025.
________________________
Attest: Ricky Estrada, Mayor
________________________
Stephanie Roseen, City Clerk
Approved as to form:
________________________
Jeffrey T. Melching, City Attorney
Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 4

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Item Title: 11.4
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Item Title: 11.4
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Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 7

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Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 8

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Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 9

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Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 10

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Item Title: 11.4
First Reading and Introduction of an Ordinance Adopting the Fire Hazard Severity Zone Maps Item Page Number: 11

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CITY OF MENIFEE
SUBJECT: Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds
MEETING DATE: June 4, 2025
TO: Mayor and City Council
PREPARED BY: Lauri Lockwood, Financial Analyst
REVIEWED BY: Travis Hickey, Chief Financial Officer
APPROVED BY: Armando G. Villa, City Manager
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RECOMMENDED ACTION

1. Adopt a resolution authorizing the issuance of special tax bonds and the execution and delivery of bond documents in connection with Community Facilities District 2022-2, McLaughlin Village, located on the southeast corner of McLaughlin Road and Sun City Boulevard, directly adjacent to the Interstate 215 freeway; and

2. Authorize the Finance Department to establish the necessary revenue and expenditure budgets and corresponding appropriations for the bond issuance.

DISCUSSION
The City Council has previously completed the necessary proceedings to establish Community Facilities District No. 2022-2 of the City of Menifee, McLaughlin Village, (the “District”). As part of those proceedings, the City Council declared the necessity to issue bonds on behalf of the District pursuant to the terms and provisions of the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (the “Act”).

On September 21, 2022, the City Council adopted the Resolution of Formation, which established the District, authorized the levy of a special tax (the “Special Tax”), determined the necessity to incur bonded indebtedness in an amount not to exceed $6 million, and called an election on the proposition of incurring bonded indebtedness, levying the Special Tax and setting an appropriations limit. On the same date, an election was held within the District in which the property owner approved the proposition authorizing the issuance of bonds in an amount not to exceed $6 million.

The District contains approximately 14 taxable acres and is located on the southeast corner of Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 1

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City of Menifee Staff Report
CFD 2022-2, McLaughlin Village, Issuance of Special Tax Bonds June 4, 2025

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McLaughlin Road and Sun City Boulevard, directly adjacent to the Interstate 215 freeway. Century Communities of California LLC, a Delaware limited liability company (“Century Communities”), is developing the property within the District 126 single-family detached homes, known as “The Village by Century Communities.”
As of April 1, 2025, the date of value of the Appraisal, Century Communities had completed and conveyed 93 homes within the District to individual homeowners, and as of such date, Century Communities owned two model homes, 25 homes in various stages of construction, and 6 finished lots.

Annual debt service on the proposed Special Tax Bonds, Series 2025 (the “Bonds”) will be sized based on the expected Special Tax revenues to be received from all 126 parcels to be developed in the District.

The property owners are expected to pay Special Taxes of approximately $2,563 to $2,659 per parcel in Fiscal Year 2025/2026, depending on the size of the home. Such Special Taxes will increase at a rate of 2.0% annually.

Based on current market conditions, the Bonds are estimated to have a par amount of approximately $5,015,000 with a final maturity no later than September 1, 2055 (30-year financing term). Proceeds from the Bonds will primarily finance public improvements benefiting the development within the District. The final par amount and interest rate structure will be determined when the Bonds are priced and sold, which is currently expected to occur during the week of June 9, 2025.

As required under Section 5852.1 of the California Government Code (the “Code”), good faith estimates as provided by the municipal advisor and underwriter are provided as an attachment to this staff report.

The resolution before the City Council authorizes the issuance of the 2025 Bonds and the execution and delivery of certain documents in connection therewith as further described below. ✓Preliminary Official Statement
✓Bond Indenture
✓Continuing Disclosure Certificate
✓Bond Purchase Agreement
Bond Counsel and the City Attorney have reviewed the attached legal and financing documents on behalf of the City and the District. If the resolutions are approved, City staff will continue to work with the financing team to finalize all the aforementioned documents. The pricing date is targeted for the week of June 9, 2025, with bond closing anticipated approximately two weeks later.

STRATEGIC PLAN OBJECTIVE
Regular City Business
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 2

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City of Menifee Staff Report
CFD 2022-2, McLaughlin Village, Issuance of Special Tax Bonds June 4, 2025

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FISCAL IMPACT
The Bonds will be repaid with Special Taxes levied in the District. There is no fiscal impact to the City’s General Fund. The City will, however, be required to provide administration for the District, which will be funded as part of the annual Special Tax levy.

The property owners are expected to pay Special Taxes of approximately $2,563 to $2,659 per parcel in Fiscal Year 2025-26, depending on the size of the home. Such Special Taxes will increase at 2.0% per year.

ATTACHMENTS

1. Project Map CFD 2022-2

2. Good Faith Estimates CFD 2022-2

3. Resolution of Issuance CFD 2022-2

4. Preliminary Official Statement CFD 2022-2

5. Bond Indenture CFD 2022-2

6. Continuing Disclosure Certificate CFD 2022-2

7. Bond Purchase Agreement CFD 2022-2

8. Appraisal Report CFD 2022-2
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 3

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BARNETT RD

SUN CITY BLVD

MCLAUGHLIN RD

ENCANTO DR
§¨¦215
0 500 1,000250
Feet
CFD Boundary

LOCATION MAP
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE)

CITY OF MENIFEE
¹
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 4

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June 4, 2025
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CFD 2022-2
·|}þ74
§¨¦15

MENIFEE

LAKE ELSINORE
PERRIS

CANYON LAKE
·|}þ74
§¨¦215

REGIONAL MAP
COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE)
¹
0 1.5 30.75
Miles
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 5

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GOOD FAITH ESTIMATES
The good faith estimates set forth herein are provided with respect to the Bonds in accordance with California Government Code Section 5852.1. Such good faith estimates have been provided to the City by Urban Futures, Inc., the City’s Municipal Advisor (the “Municipal Advisor”) in consultation with Stifel, Nicolaus & Company, Incorporated, the Underwriter for the Bonds.

Principal Amount. The Municipal Advisor has informed the City that, based on the City’s financing plan and current market conditions, its good faith estimate of the aggregate principal amount of the Bonds to be sold is $5,015,000 (the “Estimated Principal Amount”).

True Interest Cost of the Bonds. The Municipal Advisor has informed the City that, assuming the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the true interest cost of the Bonds, which means the rate necessary to discount the amounts payable on the respective principal and interest payment dates to the purchase price received for the Bonds, is 5.22%.

Finance Charge of the Bonds. The Municipal Advisor has informed the City that, assuming the Estimated Principal Amount of the Bonds is sold and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the finance charge for the Bonds, which means the sum of all fees and charges paid to third parties (or costs associated with the Bonds), is $340,225.

Amount of Proceeds to be Received. The Municipal Advisor has informed the City that, assuming the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the amount of proceeds expected to be received by the City for sale of the Bonds, less the finance charge of the Bonds, as estimated above, and any reserve fund funded with proceeds of the Bonds, is $4,248,014.

Total Payment Amount. The Municipal Advisor has informed the City that, assuming the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, its good faith estimate of the total payment amount, which means the sum total of all payments the City will make to pay debt service on the Bonds, plus the finance charge for the Bonds, as described above, not paid with the proceeds of the Bonds, calculated to the final maturity of the Bonds, is $10,494,298.

The foregoing estimates constitute good faith estimates only. The actual principal amount of the Bonds issued and sold, the true interest cost thereof, the finance charges thereof, the amount of proceeds received therefrom and total payment amount with respect thereto may differ from such good faith estimates due to (a) the actual date of the sale of the Bonds being different than the date assumed for purposes of such estimates, (b) the actual principal amount of Bonds sold being different from the Estimated Principal Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 6

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Amount, (c) the actual amortization of the Bonds being different than the amortization assumed for purposes of such estimates, (d) the actual market interest rates at the time of sale of the Bonds being different than those estimated for purposes of such estimates, (e) other market conditions, or (f) alterations in the City’s financing plan, or a combination of such factors. The actual date of sale of the Bonds and the actual principal amount of Bonds sold will be determined by the City based on the timing of the need for proceeds of the Bonds and other factors. The actual interest rates borne by the Bonds will depend on market interest rates at the time of sale thereof. The actual amortization of the Bonds will also depend, in part, on market interest rates at the time of sale thereof. Market interest rates are affected by economic and other factors beyond the control of the City.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 7

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RESOLUTION NO. 25-___

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2022-2, MCLAUGHLIN VILLAGE, OF THE CITY OF MENIFEE AUTHORIZING THE ISSUANCE OF ITS SPECIAL TAX BONDS, SERIES 2025 IN A PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION DOLLARS ($6,000,000) AND APPROVING CERTAIN

DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION

THEREWITH
WHEREAS, the City Council (the “City Council”) of the City of Menifee (the “City”), has heretofore undertaken proceedings to establish Community Facilities District No. 2022-2, McLaughlin Village, of the City of Menifee (the “District”) and declared the necessity to issue bonds on behalf of the District pursuant to the terms and provisions of the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (Act); and
WHEREAS, pursuant to Resolution Nos. 22-1219 and 22-1220 adopted by the legislative body of the District on September 21, 2022, certain bond propositions were submitted to the qualified electors within the District, and were approved by more than two-thirds of the votes cast at the election held on September 21, 2022; and
WHEREAS, the legislative body of the District desires to issue bonds for the District at this time under the Act to finance certain public facilities that the District is authorized to finance (the “Facilities”); and
WHEREAS, the District desires to finance certain Facilities through the issuance of bonds in an aggregate principal amount not to exceed $6,000,000 designated as “Community Facilities District No. 2022-2, McLaughlin Village, of the City of Menifee Special Tax Bonds” (the “Bonds”); and WHEREAS, in order to effect the issuance of the Bonds, the District desires to enter into various agreements and approve certain documents in substantially the forms presented herein; and WHEREAS, based on the appraisal of real property prepared by Kitty Siino & Associates, Inc. (the “Appraisal”) of property within the District, the value of the real property in the District subject to the special tax to pay debt service on the Bonds is more than three times the sum of the principal amount of the Bonds and the principal amount of all other bonds outstanding that are secured by a special tax levied pursuant to the Act or a special assessment levied on property within the District as calculated in the manner set forth in Section 53345.8(a) of the Act; and WHEREAS, the City Council has determined in accordance with Section 53360.4 of the Act that a negotiated sale of the Bonds to Stifel, Nicolaus & Company, Incorporated (the “Underwriter”) in accordance with the terms of the Bond Purchase Agreement for the Bonds to be entered into by the District and the Underwriter (the “Bond Purchase Agreement”) approved as to form by this City Council herein will result in a lower overall cost to the District than a public sale; and WHEREAS, the District has determined to adopt the City’s Debt Management Policy as the debt management policy of the District.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Menifee, acting as the legislative body of Community Facilities District 2022-2, McLaughlin Village, does hereby determine and order as follows:

Section 1. Each of the above recitals is true and correct.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 8

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June 4, 2025
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Resolution Authorizing Issuance of Special Tax Bonds CFD No. 2022-2, McLaughlin Village 2 5
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Section 2. The issuance of the Bonds is hereby authorized in an aggregate principal amount not to exceed $6,000,000, with the exact principal amount to be determined by the official signing the Bond Purchase Agreement in accordance with Section 5 below. The City Council hereby determines that it is prudent in the management of the District’s fiscal affairs to issue the Bonds. The Bonds shall mature on the dates and pay interest at the rates set forth in the Bond Purchase Agreement to be executed on behalf of the District in accordance with Section 5 hereof. All other provisions of the Bonds shall be governed by the terms and conditions of the Bond Indenture (the “Indenture”), which Indenture is hereby approved in substantially the form on file with the City Clerk, with such additions thereto and changes therein (including, but not limited to, changes in the amount to be maintained in the Reserve Account (as defined in the Indenture)) as the officer or officers executing the same deem necessary to enhance the security for the Bonds, to cure any ambiguity or defect therein, to insert the offering price(s), interest rate(s), selling compensation, principal amount per maturity, redemption dates and prices and such other related terms and provisions as limited by Section 5 hereof or to conform any provisions therein to the Bond Purchase Agreement or the Official Statement delivered to the Underwriter of the Bonds. Approval of such changes shall be conclusively evidenced by the execution and delivery of the Indenture by one of the following: the Mayor, the City Manager, the Chief Financial Officer (or any acting or interim of such positions) or their written designees (each, an “Authorized Officer” and collectively, the “Authorized Officers”), each of whom is authorized to execute the Indenture. Capitalized terms used in this Resolution that are not defined herein have the meanings ascribed to them in the Indenture.

Section 3. The Bonds shall be executed on behalf of the District by the manual or facsimile signature of the Mayor of the City or his or her written designee and be attested by the manual or facsimile signature of the City Clerk. Wilmington Trust, National Association is hereby appointed to act as trustee, registrar and transfer agent for the Bonds.

Section 4. The covenants set forth in the Indenture to be executed in accordance with Section 2 above are hereby approved, shall be deemed to be covenants of the City Council and shall be complied with by the District and its officers. The Indenture shall constitute a contract between the District and the Owners of the Bonds.

Section 5. The form of the Bond Purchase Agreement presented at this meeting is hereby approved and each of the Authorized Officers is hereby authorized to execute the Bond Purchase Agreement, with such additions thereto and changes therein relating to dates and numbers as are necessary to conform the Bond Purchase Agreement to the dates, amounts and interest rates applicable to the Bonds as of the sale date. Approval of such additions and changes shall be conclusively evidenced by the execution and delivery of the Bond Purchase Agreement by one or more of such Authorized Officers; provided, however, that the Bond Purchase Agreement shall be signed only if the Underwriter’s discount does not exceed 1.55% of the principal amount of the Bonds and only if the true interest cost on the Bonds does not exceed 6.00%. Each of the Authorized Officers is authorized to determine the day on which the Bonds are to be priced in order to attempt to produce the lowest borrowing cost for the District and may reject any terms presented by the Underwriter if determined not to be in the best interest of the District.

Section 6. The form of the Continuing Disclosure Certificate presented at this meeting is hereby approved and each of the Authorized Officers is hereby authorized and directed to execute the Continuing Disclosure Certificate in the form hereby approved, with such additions therein and changes thereto as the officer or officers executing the same deem necessary to cure any defect or ambiguity therein, with such approval to be conclusively evidenced by the execution and delivery of such certificate.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 9

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Resolution Authorizing Issuance of Special Tax Bonds CFD No. 2022-2, McLaughlin Village 3 5
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Section 7. The form of the Preliminary Official Statement presented at this meeting is hereby approved and the Underwriter is hereby authorized to distribute the Preliminary Official Statement to prospective purchasers of the Bonds in the form hereby approved, together with such additions thereto and changes therein as are determined necessary by the Authorized Officers to make such Preliminary Official Statement final as of its date for purposes of Rule 15c2-12 of the Securities and Exchange Commission. Each of the Authorized Officers is hereby authorized to execute a final Official Statement in the form of the Preliminary Official Statement, together with such changes as are determined necessary by the Authorized Officers, to make such Official Statement complete and accurate as of its date. The Underwriter is further authorized to distribute the final Official Statement for the Bonds and any supplement thereto to the purchasers of the Bonds upon the execution of the final Official Statement as described above.

Section 8. In accordance with the requirements of Section 53345.8 of the Act, based on the Appraisal, the legislative body of the District hereby determines that the value of the real property in the District subject to the special tax to pay debt service on the Bonds is more than three times the principal amount of the Bonds and the principal amount of all other bonds outstanding that are secured by a special tax levied pursuant to the Act or a special assessment levied on property within the District, all as calculated in the manner provided in Section 53345.8(a) of the Act.

Section 9. Each Authorized Officer is authorized to provide for all services necessary to effect the issuance of the Bonds. Such services shall include, but not be limited to, printing the Bonds, obtaining legal services, trustee and paying agent services, and any other services deemed appropriate as set forth in a certificate of such Authorized Officer. Each Authorized Officer is authorized to pay for the cost of such services, together with other costs of issuance, from Bond proceeds deposited pursuant to the Indenture.

Section 10. The Authorized Officers, the City Clerk and the other officers and staff of the City and the District responsible for the fiscal affairs of the District are hereby authorized and directed to take any actions and execute and deliver any and all documents as are necessary to accomplish the issuance, sale and delivery of the Bonds in accordance with the provisions of this Resolution and the fulfillment of the purposes of the Bonds as described in the Indenture, including providing certificates to the Underwriter as to the accuracy of any information relating to the District that is included within the Official Statement. Any document authorized herein to be signed by the City Clerk may be signed by a duly appointed deputy clerk.

Section 11. The District hereby adopts the City’s Debt Management Policy, as amended, supplemented and restated from time to time, as the debt management policy of the District pursuant to California Government Code Section 8855.

Section 12. The City Council acknowledges that the good faith estimates required by Section 5852.1 of the California Government Code are disclosed in an attachment to the staff report and are available to the public at the meeting at which this Resolution is approved.

Section 13.This Resolution shall be effective upon its adoption.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 10

Menifee Mayor and City Council
June 4, 2025
Page
1074 of 1361

Resolution Authorizing Issuance of Special Tax Bonds CFD No. 2022-2, McLaughlin Village 4 5
0 6
5 0
PASSED, APPROVED AND ADOPTED this the 4th day of June, 2025. ___________________________
Ricky Estrada, Mayor
Attest:
___________________________
Stephanie Roseen, City Clerk
Approved as to form:
___________________________
Jeffrey T. Melching, City Attorney
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 11

Menifee Mayor and City Council
June 4, 2025
Page
1075 of 1361

Stradling Yocca Carlson & Rauth
Draft of 5/6/25
PRELIMINARY OFFICIAL STATEMENT, DATED JUNE __, 2025
NEW ISSUE—BOOK-ENTRY ONLY NO RATING
In the opinion of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California (“Bond Counsel”), under existing statutes, regulations, rulings and judicial decisions, and assuming the accuracy of certain representations and compliance with certain covenants and requirements described herein, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals. In the further opinion of Bond Counsel, interest (and original issue discount) on the Bonds is exempt from State of California personal income tax. See “TAX MATTERS” with respect to tax consequences relating to the Bonds, including with respect to the alternative minimum tax imposed on certain large corporations. $4,795,000*
COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE) OF THE CITY OF MENIFEE
SPECIAL TAX BONDS, SERIES 2025
Dated: Delivery Date Due: September 1, as shown on inside cover page The Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025 (the “Bonds”) are being issued by Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee (the “District”) to: (i) finance certain public improvements needed with respect to the development of property located within the District, including public improvements to be owned by the City of Menifee (the “City”) and school facilities to be owned and operated by the Romoland School District; (ii) fund a reserve account for the Bonds; and (iii) pay costs of issuance for the Bonds. The Bonds are authorized to be issued pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (Section 53311 et seq. of the Government Code of the State of California) (the “Act”), and pursuant to that certain Bond Indenture, dated as of June 1, 2025 (the “Indenture”), by and between the District and Wilmington Trust, National Association, as trustee (the “Trustee”).

The Bonds are payable from Net Taxes (as defined herein) derived from a certain annual Special Tax (as defined herein) to be levied on taxable parcels within the District and from certain other funds pledged under the Indenture, all as further described herein. The Special Tax is to be levied according to the rate and method of apportionment approved by the City Council of the City and the qualified electors within the District. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes” and Appendix A — “RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX.” The Bonds will be issued in fully registered form and when issued will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). Individual purchases of the Bonds may be made in principal amounts of $5,000 and integral multiples thereof and will be in book-entry form only. Purchasers of the Bonds will not receive certificates representing their beneficial ownership of the Bonds but will receive credit balances on the books of their respective nominees. The Bonds will not be transferable or exchangeable except for transfer to another nominee of DTC or as otherwise described herein. Interest on the Bonds will be payable on each March 1 and September 1, commencing September 1, 2025. Principal of and interest on the Bonds will be paid by the Trustee to DTC for subsequent disbursement to DTC Participants, who will remit such payments to the Beneficial Owners of the Bonds.

NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE CITY, THE COUNTY OF RIVERSIDE, THE STATE OF CALIFORNIA OR ANY POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE PAYMENT OF THE BONDS. EXCEPT FOR THE NET TAXES, NO OTHER REVENUES OR TAXES ARE PLEDGED TO THE PAYMENT OF THE BONDS. THE BONDS ARE NOT GENERAL OR SPECIAL

OBLIGATIONS OF THE CITY OR GENERAL OBLIGATIONS OF THE DISTRICT BUT ARE LIMITED OBLIGATIONS OF THE DISTRICT PAYABLE SOLELY FROM NET TAXES AND OTHER AMOUNTS HELD UNDER THE INDENTURE AS MORE FULLY DESCRIBED HEREIN.

The Bonds are subject to optional redemption, special mandatory redemption and mandatory sinking fund redemption prior to maturity as set forth herein. See the caption “THE BONDS — Redemption.”
Investment in the Bonds involves risks that are not appropriate for certain investors. Certain events could affect the ability of the District to pay the principal of and interest on the Bonds when due. See the caption “SPECIAL RISK FACTORS” for a discussion of certain risk factors that should be considered, in addition to the other matters set forth herein, in evaluating the investment quality of the Bonds.

THIS COVER PAGE CONTAINS CERTAIN INFORMATION FOR GENERAL REFERENCE ONLY. IT IS NOT INTENDED TO BE A SUMMARY OF THE SECURITY OR TERMS OF THIS ISSUE. INVESTORS ARE ADVISED TO READ THE ENTIRE OFFICIAL STATEMENT TO OBTAIN INFORMATION ESSENTIAL TO THE MAKING OF AN INFORMED INVESTMENT DECISION.

MATURITY SCHEDULE
(See Inside Cover Page)
The Bonds are offered when, as and if issued and accepted by the Underwriter, subject to approval as to their legality by Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, Bond Counsel, and subject to certain other conditions. Certain legal matters will be passed on for the City and the District by Rutan & Tucker, LLP, Irvine, California, City Attorney, and for the District by Stradling Yocca Carlson & Rauth LLP, Disclosure Counsel, for the Underwriter by Kutak Rock LLP, Irvine, California, and for the Trustee by its counsel. It is anticipated that the Bonds in book-entry form will be available for delivery on or about July __, 2025.
[STIFEL LOGO]
Dated: June __, 2025
* Preliminary, subject to change.

This Preliminary Official Statement and the information contained herein are subject to completion or amendment. These securities may not be sold, nor may offers to buy them be accepted, prior to the time the Official Statement is delivered in final form. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 12

Menifee Mayor and City Council
June 4, 2025
Page
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$4,795,000*
COMMUNITY FACILITIES DISTRICT NO. 2022-2

OF THE CITY OF MENIFEE (MCLAUGHLIN VILLAGE)
SPECIAL TAX BONDS, SERIES 2025

MATURITY SCHEDULE
BASE CUSIP†:

Maturity Date
(September 1)
Principal
Amount Interest Rate Yield Price CUSIP No.†
$ % %
$___ ___% Term Bonds due September 1, 20__ Yield: ___% Price: ___ CUSIP No.† ___ $___ ___% Term Bonds due September 1, 20__ Yield: ___% Price: ___ CUSIP No.† ___ * Preliminary, subject to change
† CUSIP® is a registered trademark of the American Bankers Association. CUSIP Global Services (CGS) is managed on behalf of the American Bankers Association by FactSet Research Systems Inc. Copyright(c) 2025 CUSIP Global Services. All rights reserved. CUSIP® data herein is provided by CUSIP Global Services. This data is not intended to create a database and does not serve in any way as a substitute for the CGS database. CUSIP® numbers are provided for convenience of reference only. None of the City, the District nor the Underwriter is responsible for the selection or uses of these CUSIP numbers, and no representation is made as to their correctness on the applicable Bonds or as included herein.

The CUSIP number for a specific maturity is subject to being changed after the issuance of the Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Bonds.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 13

Menifee Mayor and City Council
June 4, 2025
Page
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CITY OF MENIFEE

COUNTY OF RIVERSIDE, CALIFORNIA

CITY COUNCIL
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4

CITY ADMINISTRATORS
Armando G. Villa, City Manager
Travis Hickey, Chief Financial Officer

CITY ATTORNEY
Rutan & Tucker, LLP
Irvine, California

BOND AND DISCLOSURE COUNSEL
Stradling Yocca Carlson & Rauth LLP
Newport Beach, California

MUNICIPAL ADVISOR
Urban Futures, Inc.

Walnut Creek, California

SPECIAL TAX CONSULTANT
Spicer Consulting Group, LLC
Murrieta, California

APPRAISER
Kitty Siino & Associates, Inc.

Tustin, California

TRUSTEE
Wilmington Trust, National Association
Costa Mesa, California
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 14

Menifee Mayor and City Council
June 4, 2025
Page
1078 of 1361

Except where otherwise indicated, all information contained in this Official Statement has been provided by the City and the District. No dealer, broker, salesperson or other person has been authorized by the City, the District, the Trustee or the Underwriter to give any information or to make any representations in connection with the offer or sale of the Bonds other than those contained herein and, if given or made, such other information or representations must not be relied upon as having been authorized by the City, the District, the Trustee or the Underwriter. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Bonds by a person in any jurisdiction in which it is unlawful for such person to make such an offer, solicitation or sale.

This Official Statement is not to be construed as a contract with the purchasers or Owners of the Bonds. Statements contained in this Official Statement which involve estimates, forecasts or matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. This Official Statement, including any supplement or amendment to this Official Statement, is intended to be deposited with the Electronic Municipal Market Access System of the Municipal Securities Rulemaking Board, which can be found at www.emma.msrb.org.

The Underwriter has provided the following sentence for inclusion in this Official Statement:

The Underwriter has reviewed the information in this Official Statement in accordance with, and as a part of, its responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or completeness of such information.

The information and expressions of opinion herein are subject to change without notice and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the City, the District or any other parties described herein since the date hereof. All summaries of the Indenture or other documents are made subject to the provisions of such documents respectively and do not purport to be complete statements of any or all of such provisions. Reference is hereby made to such documents on file with the City for further information in connection therewith.

THE BONDS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, IN RELIANCE UPON AN EXEMPTION CONTAINED IN SUCH ACT. THE BONDS HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE.

Certain statements included or incorporated by reference in this Official Statement constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Such statements are generally identifiable by the terminology used such as a “plan,” “expect,” “estimate,” “project,” “budget,” or similar words. Such forward-looking statements include, but are not limited to certain statements contained in the information under the captions “THE DISTRICT” and “PROPERTY OWNERSHIP AND THE DEVELOPMENT.”

THE ACHIEVEMENT OF CERTAIN RESULTS OR OTHER EXPECTATIONS CONTAINED IN SUCH

FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND

OTHER FACTORS WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS

DESCRIBED TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THE

DISTRICT DOES NOT PLAN TO ISSUE ANY UPDATES OR REVISIONS TO THE FORWARD-LOOKING STATEMENTS SET FORTH IN THIS OFFICIAL STATEMENT. IN EVALUATING SUCH STATEMENTS,

POTENTIAL INVESTORS SHOULD SPECIFICALLY CONSIDER THE VARIOUS FACTORS WHICH COULD

CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS.

The City maintains a website. However, the information presented on such website is not part of this Official Statement and should not be relied upon in making an investment decision with respect to the Bonds.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 15

Menifee Mayor and City Council
June 4, 2025
Page
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TABLE OF CONTENTS
Page
INTRODUCTION .................................................................................................................................................1 The District ........................................................................................................................................................1 Sources of Payment for the Bonds.....................................................................................................................2 Appraisal Report ................................................................................................................................................3 Description of the Bonds ...................................................................................................................................4 Tax Exemption...................................................................................................................................................4 Professionals Involved in the Offering ..............................................................................................................4 Continuing Disclosure .......................................................................................................................................5 Parity Bonds for Refunding Purposes Only.......................................................................................................5 Bond Owners’ Risks ..........................................................................................................................................5 Other Information ..............................................................................................................................................5 FINANCING PLAN ..............................................................................................................................................6 Estimated Sources and Uses of Funds ...............................................................................................................6 THE BONDS .........................................................................................................................................................6 General Provisions.............................................................................................................................................6 Debt Service Schedule .......................................................................................................................................8 Redemption........................................................................................................................................................8 Registration, Transfer and Exchange...............................................................................................................12 SOURCES OF PAYMENT FOR THE BONDS .................................................................................................12 Limited Obligations .........................................................................................................................................12 Special Taxes ...................................................................................................................................................13 Reserve Account of the Special Tax Fund.......................................................................................................19 No Teeter Plan .................................................................................................................................................19 Parity Bonds for Refunding Purposes Only.....................................................................................................19 Century Communities Letter of Credit ............................................................................................................20 THE DISTRICT...................................................................................................................................................21 General Description of the District..................................................................................................................21 Authorized Uses of Bond Proceeds .................................................................................................................21 Appraisal Report ..............................................................................................................................................22 Estimated Appraised Value-to-Lien Ratios .....................................................................................................22 Direct and Overlapping Debt...........................................................................................................................26 Delinquency History ........................................................................................................................................29 PROPERTY OWNERSHIP AND THE DEVELOPMENT................................................................................29 General.............................................................................................................................................................29 Planned Development Within the District .......................................................................................................30 Century Communities ......................................................................................................................................30 SPECIAL RISK FACTORS ................................................................................................................................31 Risks of Real Estate Secured Investments Generally ......................................................................................32 Insufficiency of Special Tax Revenues............................................................................................................32 Impact of Economic Conditions on the Development in the District..............................................................33 Increasing Mortgage Interest Rates .................................................................................................................33 Concentration of Ownership............................................................................................................................34 Property Values................................................................................................................................................34 Natural Disasters..............................................................................................................................................35 Hazardous Substances......................................................................................................................................35 Enforcement Delays – Bankruptcy ..................................................................................................................36 Special Tax Delinquencies...............................................................................................................................36 Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 16

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June 4, 2025
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ii
FDIC/Federal Government Interests in Parcels ...............................................................................................36 Direct and Overlapping Indebtedness..............................................................................................................37 Payment of Special Taxes is not a Personal Obligation of the Property Owners............................................38 No Acceleration Provision...............................................................................................................................38 Limited Obligations .........................................................................................................................................38 Ballot Initiatives...............................................................................................................................................38 Proposition 218 ................................................................................................................................................39 Litigation with Respect to Community Facilities Districts .............................................................................39 Loss of Tax Exemption....................................................................................................................................40 No Ratings – Limited Secondary Market ........................................................................................................41 Limitations on Remedies .................................................................................................................................41 Potential Early Redemption of Bonds from Prepayments or Community Facilities District Bond Proceeds ....................................................................................................................................................41 Cybersecurity ...................................................................................................................................................41 CONTINUING DISCLOSURE...........................................................................................................................42 District Continuing Disclosure ........................................................................................................................42 Developer Continuing Disclosure....................................................................................................................42 TAX MATTERS..................................................................................................................................................42 LEGAL OPINION ...............................................................................................................................................44 ABSENCE OF LITIGATION .............................................................................................................................44 NO RATING........................................................................................................................................................44 UNDERWRITING ..............................................................................................................................................44 FINANCIAL INTERESTS..................................................................................................................................45 MUNICIPAL ADVISOR.....................................................................................................................................45 MISCELLANEOUS ............................................................................................................................................45 APPENDIX A RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX..........................A-1 APPENDIX B CERTAIN ECONOMIC AND DEMOGRAPHIC INFORMATION.............................B-1 APPENDIX C FORM OF OPINION OF BOND COUNSEL.................................................................C-1 APPENDIX D APPRAISAL REPORT ...................................................................................................D-1 APPENDIX E SUMMARY OF THE INDENTURE ..............................................................................E-1 APPENDIX F FORM OF DISTRICT CONTINUING DISCLOSURE CERTIFICATE .......................F-1 APPENDIX G FORM OF DEVELOPER CONTINUING DISCLOSURE CERTIFICATE .................G-1 APPENDIX H BOOK-ENTRY ONLY SYSTEM ..................................................................................H-1 Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 17

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June 4, 2025
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[INSERT VICINITY MAP]
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 18

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June 4, 2025
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[INSERT AERIAL PHOTOGRAPH]
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 19

Menifee Mayor and City Council
June 4, 2025
Page
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1 $4,795,000
COMMUNITY FACILITIES DISTRICT NO. 2022-2

OF THE CITY OF MENIFEE (MCLAUGHLIN VILLAGE)
SPECIAL TAX BONDS, SERIES 2025

INTRODUCTION
The purpose of this Official Statement, which includes the cover page, the table of contents and the attached appendices (collectively, the “Official Statement”), is to provide certain information concerning the issuance by Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee (the “District”) of its Special Tax Bonds, Series 2025 in the aggregate principal amount of $4,795,000* (the “Bonds”).

The proceeds of the Bonds will be used to: (i) finance certain public improvements needed with respect to the development of property located within the District, including public improvements to be owned by the City of Menifee (the “City”) and school facilities to be owned and operated by the Romoland School District; (ii) fund a reserve account for the Bonds; and (iii) pay costs of issuance for the Bonds.

The Bonds are authorized to be issued pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (Section 53311 et seq. of the Government Code of the State of California) (the “Act”), a resolution adopted on June 4, 2025, by the City Council of the City, acting as the legislative body of the District, and a Bond Indenture, dated as of June 1, 2025 (the “Indenture”), by and between the District and Wilmington Trust, National Association, as trustee (the “Trustee”). The Bonds are secured under the Indenture by a pledge of and lien upon Net Taxes (as such term is defined herein) and all moneys in the Special Tax Fund (other than the Administrative Expense Account therein) as described in the Indenture.

This Introduction is not a summary of this Official Statement. It is only a brief description of and guide to, and is qualified by, more complete and detailed information contained in the entire Official Statement and the documents summarized or described herein. A full review should be made of the entire Official Statement.

The sale and delivery of Bonds to potential investors is made only by means of the entire Official Statement.

All capitalized terms used in this Official Statement and not defined have the meanings set forth in Appendix E.

The District
General. The City is located in the western portion of the County of Riverside (the “County”), California (the “State”). The District contains approximately 14 taxable acres and is located in the City on the southeast corner of McLaughlin Road and Sun City Boulevard, directly adjacent to the Interstate 215 freeway.

The property within the District is being developed by Century Communities of California LLC, a Delaware limited liability company (“Century Communities”) in a project marketed by Century Communities as “The Village by Century Communities.”
The property within the District is planned for 126 single family detached homes. As of April 1, 2025, Century Communities had completed and conveyed 93 homes within the District to individual homeowners. As of such date, Century Communities owned two model homes (none of which were in escrow), 25 homes in various stages of construction (five of which were in escrow) and six finished lots (none of which were in escrow). As of April 1, 2025, Century Communities had obtained building permits for 120 of the 126 homes planned within the District. Century Communities currently expects to complete and convey all homes planned within the District to individual homeowners by the [end of 2025].

The major infrastructure (sewer, water, storm drains, utilities, and arterial roads) necessary to develop the property within the District has been completed. As of April 1, 2025, only minor in-tract improvements consisting of landscaping, walls and final finishing of streets remained to be completed. See the captions “THE  Preliminary, subject to change.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 20

Menifee Mayor and City Council
June 4, 2025
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2 DISTRICT” and “PROPERTY OWNERSHIP AND THE DEVELOPMENT” for further information with respect to the District, Century Communities and development within the District.

Formation Proceedings. The District was formed on September 21, 2022, pursuant to the Act. The Act was enacted to provide an alternative method of financing certain public capital facilities and services, especially in developing areas of the State. Any local agency (as defined in the Act) may establish a community facilities district to provide for and finance the cost of eligible public facilities and services. Generally, the legislative body of the local agency which forms a community facilities district acts on behalf of such district as its legislative body. Subject to approval by two-thirds of the votes cast at an election and compliance with the other provisions of the Act, a legislative body of a local agency may issue bonds for a community facilities district and may levy and collect a special tax within such district to repay such indebtedness.

Pursuant to the Act, on August 3, 2022 the City Council adopted Resolution No. 22-1185 (the “Resolution of Intention”), stating its intention to form the District and to authorize the levy of a special tax on the taxable property within the District, and Resolution No. 22-1186, stating its intention to incur bonded indebtedness in an aggregate principal amount not to exceed $6,000,000 for the purpose of financing the purchase, construction, expansion or rehabilitation of certain public facilities to serve the area within the District.

Subsequent to a noticed public hearing on September 21, 2022, the City Council adopted Resolution Nos. 22-1219 and 22-1220 (collectively the “Resolution of Formation”). The Resolution of Formation:
(i) established the District; (ii) authorized the levy of a special tax (the “Special Tax”) within the District; (iii) determined the necessity to incur bonded indebtedness in an amount not to exceed $6,000,000 within the District; and (iv) called an election within the District on the proposition of incurring bonded indebtedness, levying the Special Tax and setting an appropriations limit.

On September 21, 2022, an election was held within the District in which the property owner within the District approved the proposition authorizing the issuance of bonds in an amount not to exceed $6,000,000. A Notice of Special Tax Lien for the District was recorded in the office of the County Recorder on September 30, 2022, as Document No. 2022-0413060. On October 5, 2022, the City Council adopted Ordinance No. 2022-352 (the “Ordinance”) which authorizes the levy of a special tax pursuant to the Rate and Method of Apportionment approved at the September 21, 2022 election (the “Rate and Method”), a copy of which is attached hereto as Appendix A.

Sources of Payment for the Bonds
Special Taxes. As used in this Official Statement, the term “Special Tax” means the annual Special Tax which has been authorized pursuant to the Act and the Rate and Method to be levied upon taxable property within the District. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes” and Appendix A — “RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX.” See the caption “THE DISTRICT.”
Under the Indenture, the District has pledged to repay the Bonds and any Parity Bonds (as defined herein) from the Special Tax revenues remaining after the payment of certain annual Administrative Expenses of the District (the “Net Taxes”) and from other amounts in the Special Tax Fund (other than the Administrative Expense Account therein) established under the Indenture. The Special Taxes are the primary source of security for the repayment of the Bonds and any Parity Bonds. In the event that the Special Taxes are not paid when due, the only sources of funds available to pay the debt service on the Bonds and any Parity Bonds are amounts held by the Trustee in the Special Tax Fund, including amounts held in the Reserve Account therein, to the limited extent described in the Indenture. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Reserve Account of the Special Tax Fund.”
Based on building permits issued through and including April 1, 2025, 120 parcels within the District will be classified as Developed Property and six parcels will be classified as Approved Property for the Fiscal Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 21

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June 4, 2025
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3 Year 2025-26 Special Tax levy. For the projected Fiscal Year 2025-26 Special Tax levy, the Bonds have been sized so that the Assigned Special Taxes on 120 parcels of Developed Property as of April 1, 2025 will produce an amount equal to at least 110% of the debt service due on the Bonds in Fiscal Year 2025-26 plus Administrative Expenses of $30,600. For Bond Years thereafter, Annual Debt Service on the Bonds has been sized based on the expected Special Tax revenues to be received in each Fiscal Year from all 126 parcels of Developed Property within the District, assuming that the Special Taxes are levied at the Assigned Special Tax rates. Assuming no delinquencies, the Special Tax levy on 126 parcels of Developed Property within the District at the Assigned Special Tax rates will generate in each Fiscal Year after Fiscal Year 2025-26 not less than the Administrative Expenses Cap (as defined in the Indenture) plus 110% of debt service payable with respect to the Bonds in the calendar year that begins in that Fiscal Year, assuming that Special Taxes are levied and collected on such Developed Property pursuant to the Rate and Method. Actual collections of the Special Tax will depend on the amount of Special Tax delinquencies. Both the Special Tax levy and the Administrative Expenses Cap escalate at 2% each Fiscal Year.

Foreclosure Proceeds. The District will covenant in the Indenture for the benefit of the owners of the Bonds and Parity Bonds that it will: (i) commence judicial foreclosure proceedings against parcels with delinquent Special Taxes in excess of $5,000 by the October 1 following the close of each Fiscal Year in which such Special Taxes were due; and (ii) commence judicial foreclosure proceedings against all parcels with delinquent Special Taxes by the October 1 following the close of each Fiscal Year in which it receives Special Taxes in an amount which is less than 95% of the total Special Tax levied; and (iii) diligently pursue such foreclosure proceedings until the delinquent Special Taxes are paid; provided that, notwithstanding the foregoing, the District may elect to defer foreclosure proceedings on any parcel so long as the amount in the Reserve Account is at least equal to the Reserve Requirement. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Proceeds of Foreclosure Sales.” There is no assurance that the property within the District can be sold for the appraised or assessed values described herein, or for a price sufficient to pay the principal of and interest on the Bonds in the event of a default in payment of Special Taxes by the current or future landowners within the District. See the caption “SPECIAL RISK FACTORS —Property Values.”

EXCEPT FOR THE NET TAXES, NO OTHER TAXES ARE PLEDGED TO THE PAYMENT OF THE BONDS. THE BONDS ARE NOT GENERAL OR SPECIAL OBLIGATIONS OF THE CITY

OR GENERAL OBLIGATIONS OF THE DISTRICT, BUT ARE LIMITED OBLIGATIONS OF THE

DISTRICT PAYABLE SOLELY FROM NET TAXES AND AMOUNTS HELD UNDER THE INDENTURE, AS MORE FULLY DESCRIBED HEREIN.

Appraisal Report
Kitty Siino & Associates, Inc. (the “Appraiser”) has conducted an appraisal (the “Appraisal Report”) with a date of value of April 1, 2025 (the “Date of Value”) of certain land and existing improvements within the District to provide an estimate of the market value of the fee simple interest of such land and improvements.

The Appraisal Report provides an estimate of the approximate market value of the property in the District subject to the levy of Special Taxes, assuming that development of the property as currently planned will consist of 126 residential units. Based on the contingencies, assumptions and limiting conditions in the Appraisal Report, the Appraiser concluded that the minimum market value of all of the parcels within the District subject to the Special Tax was $57,905,404 as of the Date of Value.

The Appraisal Report is based upon a variety of assumptions and limiting conditions that are described in Appendix D. The District makes no representation as to the accuracy of the Appraisal. See “THE DISTRICT — Appraisal Report” and “— Estimated Appraised Value-to-Lien Ratios.” There is no assurance that property within the District can be sold for the prices set forth in the Appraisal Report or that any parcel can be sold for a price sufficient to pay the Special Tax for that parcel in the event of a default in payment of Special Taxes by a property owner. See “THE DISTRICT,” “SPECIAL RISK FACTORS — Property Values” herein and Appendix D.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 22

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June 4, 2025
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4 Description of the Bonds
The Bonds will be issued and delivered as fully registered Bonds, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”), and will be available to actual purchasers of the Bonds (the “Beneficial Owners”) in the denominations of $5,000 or any integral multiple thereof, under the book-entry system maintained by DTC, only through brokers and dealers who are or act through DTC Participants as described herein. Beneficial Owners will not be entitled to receive physical delivery of the Bonds. In the event that the book-entry only system described herein is no longer used with respect to the Bonds, the Bonds will be registered and transferred in accordance with the Indenture. See Appendix H — “BOOK-ENTRY ONLY SYSTEM.”
Principal of, premium, if any, and interest on the Bonds is payable by the Trustee to DTC. Disbursement of such payments to DTC Participants is the responsibility of DTC and disbursement of such payments to the Beneficial Owners is the responsibility of DTC Participants. See Appendix H — “BOOK-ENTRY ONLY SYSTEM.”
The Bonds are subject to optional redemption, special mandatory redemption and mandatory sinking fund redemption prior to maturity as described herein. See the caption “THE BONDS — Redemption.” For a more complete description of the Bonds and the basic documentation pursuant to which they are being sold and delivered, see the caption “THE BONDS” and Appendix E — “SUMMARY OF THE INDENTURE.” Tax Exemption
In the opinion of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California (“Bond Counsel”), under existing statutes, regulations, rulings and judicial decisions, and assuming certain representations and compliance with certain covenants and requirements described herein, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals. In the further opinion of Bond Counsel, interest (and original issue discount) on the Bonds is exempt from State of California personal income tax. See the caption “TAX MATTERS” with respect to tax consequences relating to the Bonds, including with respect to the alternative minimum tax imposed on certain large corporations.

Set forth in Appendix C is the form of opinion of Bond Counsel expected to be delivered in connection with the issuance of the Bonds. For a more complete discussion of such opinion and certain tax consequences incident to the ownership of the Bonds, see the caption “TAX MATTERS.” Professionals Involved in the Offering
Wilmington Trust, National Association, Costa Mesa, California, will act as Trustee under the Indenture. Stifel, Nicolaus & Company, Incorporated (the “Underwriter”) is the Underwriter of the Bonds.

Certain proceedings in connection with the issuance and delivery of the Bonds are subject to the approval of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, Bond Counsel and Disclosure Counsel to the District in connection with the issuance of the Bonds. Certain legal matters will be passed on for the City and the District by Rutan & Tucker, LLP, Irvine, California, City Attorney, for the Underwriter by Kutak Rock LLP, Irvine, California, and for the Trustee by its counsel. Other professional services have been performed by Spicer Consulting Group, LLC, Murrieta, California, as Special Tax Consultant (the “Special Tax Consultant”), Urban Futures, Inc., Walnut Creek, California, as Municipal Advisor, and by Kitty Siino & Associates, Tustin, California, as Appraiser.

For information concerning circumstances in which certain of the above-mentioned professionals, advisors, counsel and consultants may have a financial or other interest in the offering of the Bonds, see the caption “FINANCIAL INTERESTS.”
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 23

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June 4, 2025
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5 Continuing Disclosure
Pursuant to a Continuing Disclosure Certificate to be executed by the District (the “District Continuing Disclosure Certificate”), the District will agree to provide, or cause to be provided, to the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access system (“EMMA”), maintained on the Internet at http://emma.msrb.org, certain annual financial information and operating data and notices of certain enumerated events. These covenants are being made in order to assist the Underwriter in complying with subsection (b)(5) of Rule 15c2-12 adopted by the Securities and Exchange Commission (“Rule 15c2-12”).

The Underwriter does not consider Century Communities to be an “obligated person” with respect to the Bonds for purposes of Rule 15c2-12. Notwithstanding the foregoing, to assist in the marketing of the Bonds, Century Communities will agree to provide, or cause to be provided to EMMA, certain updates with respect to the development within the District and notices of certain enumerated events. See Appendix G for a description of the specific nature of the semiannual reports and enumerated event notices to be filed by Century Communities.

See “CONTINUING DISCLOSURE,” Appendix F — “FORM OF DISTRICT CONTINUING DISCLOSURE CERTIFICATE” and Appendix G — “FORM OF DEVELOPER CONTINUING DISCLOSURE CERTIFICATE.”
Parity Bonds for Refunding Purposes Only
Under the Indenture, the District may issue Parity Bonds secured by the Net Taxes on a parity with the Bonds but only to refund all or a portion of the Bonds or Parity Bonds. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Parity Bonds for Refunding Purposes Only.” Other taxes and/or special assessments with liens equal in priority to the continuing lien of the Special Taxes may also be levied in the future on the property within the District, which could adversely affect the willingness of the landowners to pay the Special Taxes when due. See the captions “THE DISTRICT — Direct and Overlapping Debt” and “SPECIAL RISK FACTORS — Direct and Overlapping Indebtedness.” Bond Owners’ Risks
Certain events could affect the ability of the District to pay the principal of and interest on the Bonds when due. See the caption “SPECIAL RISK FACTORS” for a discussion of certain factors which should be considered, in addition to other matters set forth herein, in evaluating an investment in the Bonds. The purchase of the Bonds involves risks, and the Bonds may not be appropriate investments for some types of investors.

Other Information
This Official Statement speaks only as of its date, and the information contained herein is subject to change.

Brief descriptions of the Bonds and the Indenture are included in this Official Statement. Such descriptions and information do not purport to be comprehensive or definitive. All references herein to the Indenture, the Bonds and the Constitution and laws of the State, as well as the proceedings of the City Council, acting as the legislative body of the District, are qualified in their entirety by references to such documents, laws and proceedings, and with respect to the Bonds, by reference to the Indenture. Capitalized terms not otherwise defined in this Official Statement have the meanings set forth in Appendix E.

Copies of the Indenture and other documents and information are available for inspection and copies may be obtained from the City, 29844 Haun Road, Menifee, California, 92586, Attention: Chief Financial Officer.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 24

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June 4, 2025
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6 FINANCING PLAN
Estimated Sources and Uses of Funds
The following table sets forth the expected sources and uses of Bond proceeds.

Sources of Funds
Principal Amount of Bonds $ _____
Plus Net Original Issue Premium
Total Sources $
Uses of Funds:

Acquisition and Construction Fund $
Costs of Issuance(1)
Reserve Account of the Special Tax Fund
Total Uses $
(1) To pay costs of issuance of the Bonds, including legal fees, underwriter’s discount, printing costs, Appraiser, Special Tax Consultant and Trustee fees.

THE BONDS
General Provisions
The Bonds will be dated their date of delivery and will bear interest at the rates per annum set forth on the inside cover page hereof, payable semiannually on each March 1 and September 1, commencing September 1, 2025 (each, an “Interest Payment Date”), and will mature in the amounts and on the dates set forth on the inside cover page of this Official Statement. Interest will be calculated on the basis of a 360-day year comprised of twelve 30-day months. The Bonds will be issued in fully registered form in denominations of $5,000 or any integral multiple thereof.

Interest on any Bond will be payable from the Interest Payment Date next preceding the date of authentication of such Bond, unless: (i) such date of authentication is an Interest Payment Date, in which event interest will be payable from such date of authentication; (ii) the date of authentication is after the fifteenth day of the month preceding an Interest Payment Date, regardless of whether such day is a Business Day (each, a “Record Date”) but prior to the immediately succeeding Interest Payment Date, in which event interest will be payable from the Interest Payment Date immediately succeeding the date of authentication; or (iii) the date of authentication is prior to the close of business on the first Record Date occurring after the issuance of such Bond, in which event interest will be payable from the dated date of such Bond, as applicable; provided, however, that if at the time of authentication of such Bond, interest is in default, interest on such Bond will be payable from the last Interest Payment Date to which the interest has been paid or made available for payment or, if no interest has been paid or made available for payment on such Bond, interest on such Bond will be payable from its dated date.

Interest on any Bond will be paid to the person whose name appears as its owner in the registration books held by the Trustee on the close of business on the Record Date. Principal of, premium, if any, due upon redemption is payable upon presentation and surrender of the Bonds at the principal corporate trust office of the Trustee in Costa Mesa, California.

The Bonds will be issued as fully registered bonds and will be registered in the name of Cede & Co., as nominee of DTC. DTC will act as securities depository of the Bonds. Ownership interests in the Bonds may be purchased in book-entry form only in denominations of $5,000 and any integral multiple thereof. So long as DTC is the securities depository all payments of principal and interest on the Bonds will be made to DTC and Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 25

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June 4, 2025
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7 will be paid to the Beneficial Owners in accordance with DTC’s procedures and the procedures of DTC’s Participants. See APPENDIX H — “BOOK-ENTRY-ONLY SYSTEM.” In the event the Bonds are not held in book-entry form, interest will be paid by check of the Trustee mailed by first class mail, postage prepaid, to the Bondowner at its address on the registration books kept by the Trustee. Pursuant to a written request prior to the Record Date of a Bondowner of at least $1,000,000 in aggregate principal amount of Bonds or of any issue of Parity Bonds, payment will be made by wire transfer in immediately available funds to a designated account in the United States. [Remainder of Page Intentionally Left Blank]
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 26

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June 4, 2025
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8 Debt Service Schedule
The following table presents the annual debt service on the Bonds (including sinking fund redemptions), assuming that there are no optional or special mandatory redemptions. See the caption “—Redemption” below.

Year Ending
September 1 Principal Interest Total Debt Service
2025 $ $ $
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
Total $ $ $
Redemption
Optional Redemption. The Bonds may be redeemed at the option of the District from any source of funds on any Interest Payment Date on or after September 1, 20__, in whole or in part, from such maturities as are selected by the District and by lot within a maturity, at the following redemption prices, expressed as a percentage of the principal amount to be redeemed, together with accrued interest to the date of redemption:
 Preliminary, subject to change.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 27

Menifee Mayor and City Council
June 4, 2025
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9 Redemption Date Redemption Price
September 1, 20__ and March 1, 20__ 103%
September 1, 20__ and March 1, 20__ 102
September 1, 20__ and March 1, 20__ 101
September 1, 20__ and any Interest Payment Date thereafter 100 In the event that the District elects to redeem Bonds as provided above, the District shall give written notice to the Trustee of its election to so redeem, the redemption date and the principal amount of the Bonds of each maturity to be redeemed. The notice to the Trustee shall be given at least 45 but no more than 60 calendar days prior to the redemption date, or by such later date as is acceptable to the Trustee.

Mandatory Sinking Fund Redemption. The Bonds maturing on September 1, 20__ (the “20__ Term Bonds”) will be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Redemption Account established under the Indenture, on September 1, 20__, and on each September 1 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 20__ Term Bonds so called for redemption will be selected by the Trustee by lot and will be redeemed at a redemption price for each redeemed 20__ Term Bond equal to the principal amount thereof, plus accrued interest to the redemption date, without premium, as follows:

Term Bonds Maturing September 1, 20__
Sinking Fund Redemption Date
(September 1) Sinking Fund Payments
$
* Maturity.

The Bonds maturing on September 1, 20__ (the “20__ Term Bonds”) will be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Redemption Account established under the Indenture, on September 1, 20__, and on each September 1 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 20__ Term Bonds so called for redemption will be selected by the Trustee by lot and will be redeemed at a redemption price for each redeemed 20__ Term Bond equal to the principal amount thereof, plus accrued interest to the redemption date, without premium, as follows:

Term Bonds Maturing September 1, 20__
Sinking Fund Redemption Date
(September 1) Sinking Fund Payments
$
* Maturity.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 28

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June 4, 2025
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10 If the District purchases Term Bonds during the Fiscal Year immediately preceding one of the sinking fund redemption dates specified above, the District will notify the Trustee at least 45 days prior to the redemption date as to the principal amount purchased, and the amount purchased will be credited at the time of purchase to the next Sinking Fund Payment for the Term Bond so purchased, to the extent of the full principal amount of the purchase. All Term Bonds purchased will be cancelled pursuant to the Indenture.

In the event of a partial optional redemption or special mandatory redemption of the Term Bonds, each of the remaining Sinking Fund Payments for such Term Bonds will be reduced, as nearly as practicable, on a pro rata basis.

Special Mandatory Redemption from Special Tax Prepayments. The Bonds are subject to special mandatory redemption as a whole or in part on a pro rata basis among maturities and by lot within a maturity, on any Interest Payment Date on or after September 1, 2025, and will be redeemed by the Trustee, from any amounts paid by the District to the Trustee and designated by the District as a prepayment of Special Taxes for one or more parcels in the District made in accordance with the Rate and Method (the “Prepayments”) deposited to the Redemption Account pursuant to the Indenture, plus amounts transferred from the Reserve Account pursuant to the Indenture, at the following redemption prices, expressed as a percentage of the principal amount to be redeemed, together with accrued interest to the redemption date:

Redemption Date Redemption
Price
Any Interest Payment Date from September 1, 2025 through and including March 1, 20__ 103% September 1, 20__ and March 1, 20__ 102
September 1, 20__ and March 1, 20__ 101
September 1, 20__ and any Interest Payment Date thereafter 100 Prepayments and amounts released from the Reserve Account in connection with Prepayments will be allocated to the payment at maturity and redemption of Bonds and any Parity Bonds as nearly as practicable on a proportionate basis based on the outstanding principal amount of the Bonds and any Parity Bonds and such amounts shall be applied to redeem Bonds and Parity Bonds as nearly as practicable on a pro rata basis among maturities in increments of $5,000; provided, however, that, for Prepayments of less than $50,000, the District may specify in a Certificate of an Authorized Representative that Prepayments be applied to one or more maturities of the Bonds or Parity Bonds so long as there is delivered to the Trustee a Certificate of the Independent Financial Consultant that, following such application of the Prepayments, the maximum Special Taxes that may be levied in each Fiscal Year on Taxable Property is not less than 110% of Annual Debt Service in the Bond Year that begins in such Fiscal Year.

See the caption “SPECIAL RISK FACTORS — Potential Early Redemption of Bonds from Prepayments or Community Facilities District Bond Proceeds” for a discussion of the potential for a lower than expected yield on the Bonds as a result of a special mandatory redemption from prepayment of Special Taxes or proceeds of bonds of other community facilities districts.

Notice of Redemption. So long as the Bonds are held in book-entry form, notice of redemption will be sent by the Trustee to DTC and not to the Beneficial Owners of the Bonds under the DTC book-entry only system. Neither the District nor the Trustee is responsible for notifying the Beneficial Owners, who are to be notified in accordance with the procedures in effect for the DTC book-entry system. See Appendix H — “BOOK-ENTRY ONLY SYSTEM.”
The Trustee will give notice, in the name of the District, of the redemption of Bonds. Such notice of redemption will: (i) specify the CUSIP numbers (if any), the bond numbers and the maturity date or dates of the Bonds selected for redemption, except that where all of the Bonds are subject to redemption, or all of the Bonds of one maturity are to be redeemed, the bond numbers of such issue need not be specified; (ii) state the date fixed for redemption and surrender of the Bonds to be redeemed; (iii) state the redemption price; (iv) state the place Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 29

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June 4, 2025
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11 or places where the Bonds are to be redeemed; (v) in the case of Bonds to be redeemed only in part, state the portion of such Bond which is to be redeemed; (vi) state the date of issue of the Bonds as originally issued; (vii) state the rate of interest borne by each Bond being redeemed; and (viii) state any other descriptive information needed to identify accurately the Bonds being redeemed as specified by the Trustee. Such notice will further state that on the date fixed for redemption, there will become due and payable on each Bond, or portion thereof called for redemption, the principal thereof, together with any premium, and interest accrued to the redemption date, and that from and after such date, interest thereon will cease to accrue and be payable. At least 30 days but no more than 45 days prior to the redemption date, the Trustee will mail a copy of such notice of redemption, by first class mail, postage prepaid, to the respective Owners thereof at their addresses appearing on the Bond Register, and to the original purchaser of any Bonds; provided, however, so long as the Bonds are registered in the name of the Nominee, such notice shall be given in such manner as complies with the requirements of the Depository. The actual receipt by the Owner of any Bond of notice of such redemption is not a condition precedent to redemption, and neither the failure to receive nor any defect in such notice will affect the validity of the proceedings for the redemption of such Bonds, or the cessation of interest on the redemption date. A certificate by the Trustee that notice of such redemption has been given as provided in the Indenture will be conclusive as against all parties and the Owner is not entitled to show that he or she failed to receive notice of such redemption.

In addition to the foregoing notice, further notice will be given by the Trustee as set out below, but no defect in said further notice nor any failure to give all or any portion of such further notice will in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed.

Each further notice of redemption will be sent not later than the date that notice of redemption is given to the Owners pursuant to the Indenture by first class mail or facsimile to the Depository and to any other registered securities depositories then in the business of holding substantial amounts of obligations of types comprising the Bonds as determined by the Trustee and to one or more of the national information services that the Trustee determines are in the business of disseminating notice of redemption of obligations such as the Bonds.

Upon the payment of the redemption price of any Bonds being redeemed, each check or other transfer of funds issued for such purpose will to the extent practicable bear the CUSIP number identifying, by issue and maturity, the Bonds being redeemed with the proceeds of such check or other transfer.

With respect to any notice of optional redemption of Bonds, such notice may state that such redemption is conditional upon the receipt by the Trustee on or prior to the date fixed for such redemption of moneys sufficient to pay the principal of, premium, if any, and interest on such Bonds to be redeemed and that, if the District determines that such moneys will not be so received on or prior to the redemption date, said notice shall be of no force and effect and the Trustee shall not be required to redeem such Bonds. If any condition stated in the redemption notice for an optional redemption shall not have been satisfied on or prior to the redemption date:
(i) the redemption notice shall be of no force and effect, (ii) the District shall not be required to redeem such Bonds, (iii) the redemption shall not be made, and (iv) the Trustee shall within a reasonable time thereafter give notice to the persons in the manner in which the conditional redemption notice was given that such condition or conditions were not met and that the redemption was canceled.

Selection of Bonds for Redemption. If less than all of the Bonds Outstanding are to be redeemed, the portion of any Bond of a denomination of more than $5,000 to be redeemed will be in the principal amount of $5,000 or an integral multiple thereof. In selecting portions of such Bonds for redemption, the Trustee will treat such Bonds, as applicable, as representing that number of Bonds of $5,000 denominations which is obtained by dividing the principal amount of such Bonds to be redeemed in part by $5,000. The procedure for the selection of Parity Bonds for redemption may be modified as set forth in the Supplemental Indenture for such Parity Bonds. The Trustee will promptly notify the District in writing of the Bonds, or portions thereof, selected for redemption.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 30

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June 4, 2025
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12 Partial Redemption of Bonds. Upon surrender of any Bond to be redeemed in part only, the District will execute and the Trustee will authenticate and deliver to the Owner, at the expense of the District, a new Bond or Bonds of authorized denominations equal in aggregate principal amount to the unredeemed portion of the Bonds surrendered, with the same interest rate and the same maturity.

Effect of Notice and Availability of Redemption Money. Notice of redemption having been duly given, as provided in the Indenture, and the amount necessary for the redemption having been made available for that purpose and being available therefor on the date fixed for such redemption: (i) the Bonds, or portions thereof, designated for redemption will, on the date fixed for redemption, become due and payable at the redemption price thereof as provided in the Indenture, anything in the Indenture or in the Bonds to the contrary notwithstanding; (ii) upon presentation and surrender thereof at the office of the Trustee, the redemption price of such Bonds will be paid to the Owners thereof; (iii) as of the redemption date the Bonds, or portions thereof so designated for redemption will be deemed to be no longer Outstanding and such Bonds, or portions thereof, will cease to bear further interest; and (iv) as of the date fixed for redemption no Owner of any of the Bonds, or portions thereof so designated for redemption will be entitled to any of the benefits of the Indenture, or to any other rights, except with respect to payment of the redemption price and interest accrued to the redemption date from the amounts so made available.

Registration, Transfer and Exchange
Registration. The Trustee will keep sufficient books for the registration and transfer of the Bonds. The ownership of the Bonds will be established by the Bond registration books held by the Trustee.

Transfer or Exchange. Subject to the limitations set forth in the following paragraph, the registration of any Bond may, in accordance with its terms, be transferred upon the Bond Register by the person in whose name it is registered, in person or by his or her duly authorized attorney, upon surrender of such Bond for cancellation at the office of the Trustee, accompanied by delivery of written instrument of transfer in a form acceptable to the Trustee and duly executed by the Owner or his or her duly authorized attorney.

Bonds may be exchanged at the office of the Trustee for a like aggregate principal amount of Bonds for other authorized denominations of the same maturity and issue. The Trustee may not collect from the Owner any charge for any new Bond issued upon any exchange or transfer, but will require the Owner requesting such exchange or transfer to pay any tax or other governmental charge required to be paid with respect to such exchange or transfer. Whenever any Bonds are surrendered for registration of transfer or exchange, the District will execute and the Trustee will authenticate and deliver a new Bond or Bonds, as applicable, of the same issue and maturity, for a like aggregate principal amount; provided that the Trustee is not required to register transfers or make exchanges of: (i) Bonds for a period of 15 days next preceding any selection of the Bonds to be redeemed; or (ii) any Bonds chosen for redemption.

SOURCES OF PAYMENT FOR THE BONDS
Limited Obligations
The Bonds are special, limited obligations of the District payable only from amounts pledged under the Indenture and from no other sources.

The Special Taxes are the primary source of security for the repayment of the Bonds. Under the Indenture, the District has pledged to repay the Bonds from the Net Taxes (which are Special Tax revenues remaining after the payment of the annual Administrative Expenses in an amount not to exceed the Administrative Expenses Cap (as defined in the Indenture)) and from amounts held in the Special Tax Fund (other than amounts held in the Administrative Expense Account therein). Special Tax revenues include the proceeds of the annual Special Tax levy received by the District, including any scheduled payments and Prepayments thereof, and the net proceeds of the redemption of delinquent Special Taxes or sale of property sold Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 31

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June 4, 2025
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13 as a result of foreclosure of the lien of delinquent Special Taxes to the amount of said lien, and penalties and interest thereon; provided that any delinquent Special Tax sold to an independent third-party or to the City for 100% of the delinquent amount will no longer be pledged under the Indenture to the payment of the Bonds or Parity Bonds.

In the event that the Special Tax revenues are not received when due, the only sources of funds available to pay the debt service on the Bonds are amounts held by the Trustee in the Special Tax Fund (other than the Administrative Expense Account therein), including amounts held in the Reserve Account therein, for the exclusive benefit of the Owners of the Bonds.

NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE CITY, THE COUNTY,

THE STATE OR ANY POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE PAYMENT OF THE BONDS. EXCEPT FOR THE NET TAXES, NO OTHER TAXES ARE PLEDGED TO THE PAYMENT OF THE BONDS. THE BONDS ARE NOT GENERAL OR SPECIAL OBLIGATIONS OF THE CITY BUT ARE

LIMITED OBLIGATIONS OF THE DISTRICT PAYABLE SOLELY FROM THE NET TAXES AND OTHER AMOUNTS PLEDGED UNDER THE INDENTURE AS MORE FULLY DESCRIBED HEREIN.

Special Taxes
Authorization and Pledge. In accordance with the provisions of the Act, the City established the District on September 21, 2022, for the purpose of financing of various public improvements required in connection with the proposed development within the District. At a special election held on September 21, 2022, the qualified elector within the District authorized the District to incur indebtedness in an amount not to exceed $6,000,000 for the District and the levy of the Special Taxes on property within the District to repay such bonds and to finance the Facilities (as defined below). The qualified elector within the District also voted to approve the Rate and Method which authorized the Special Tax to be levied to repay indebtedness of the District, including the Bonds.

The Bonds will be repaid only from annual Net Taxes derived from the levy and collection of Special Taxes pursuant to the Rate and Method. The Rate and Method permits the prepayment of Special Taxes for an Assessor’s Parcel, and any such Prepayments will be applied to redeem Bonds and Parity Bonds, if any. The Net Taxes collected from the annual Special Tax levy and the proceeds of any Prepayment have been pledged under the Indenture to the repayment of the Bonds and Parity Bonds.

The Special Taxes levied in any Fiscal Year may not exceed the maximum rates authorized pursuant to the Rate and Method. See “— Rate and Method of Apportionment of Special Tax” and Appendix A — “RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX.” There is no assurance that the Net Taxes will, in all circumstances, be adequate to pay the principal of and interest on the Bonds when due. See the caption “SPECIAL RISK FACTORS — Insufficiency of Special Tax Revenues.” Rate and Method of Apportionment of Special Tax. The Rate and Method applicable to the District is contained in Appendix A — “RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX.” The meaning of the defined terms used in this section are as set forth in Appendix A.

In general, the Rate and Method imposes a different Maximum Special Tax on Taxable Property within the District depending upon whether such Taxable Property is classified as: (i) ”Developed Property” (in general, Taxable Property not classified as Approved Property, Undeveloped Property, Provisional Undeveloped Property that are not Exempt Property pursuant to the provisions of the Rate and Method and which is included in a Final Map recorded prior to the January 1 preceding the Fiscal Year in which the Special Tax is being levied and a building permit for new construction has been issued before May 1 preceding such Fiscal Year), (ii) ”Approved Property” (in general, parcels of Taxable Property included in a Final Map recorded prior to the January 1 preceding the Fiscal Year in which the Special Tax is being levied, that have an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Item Title: 12.1
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14 Map, but for which no building permit was issued before May 1 preceding such Fiscal Year), (iii) ”Undeveloped Property” (in general, Taxable Property that is not “Developed Property,” “Approved Property” or “Provisional Undeveloped Property”) or (iv) ”Provisional Undeveloped Property” (in general, Taxable Property that would otherwise be classified as Exempt Property but cannot be classified as Exempt Property because to do so would reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in the Rate and Method). Different Maximum Special Taxes are also applicable to Developed Property depending upon: (a) its status as either “Residential Property” or “Non-Residential Property,” (b) in the case of Residential Property, its status as “Single Family Residential Property” or “Multifamily Property” or (c) in the case of Single Family Residential Property, the Building Square Footage of the structure.

Pursuant to the Rate and Method the District is required to determine the “Special Tax Requirement” for each Fiscal Year. The Special Tax Requirement for the District is the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding Bonds and Parity Bonds due in the calendar year that commences in such Fiscal Year, (ii) Administrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount equal to establish or replenish any reserve funds established in association with the Bonds and Parity Bonds, (v) an amount up to any anticipated shortfall due to Special Tax delinquencies, (vi) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by the District or the payment of debt service on Bonds or Parity Bonds anticipated to be issued, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property, and, less (vii) any amounts available to pay debt service or other periodic costs on the Bonds and Parity Bonds pursuant to the Indenture.

The Special Tax Requirement for the District is to be satisfied first by levying the Special Tax Proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Assigned Special Tax. If additional moneys are needed to satisfy the Special Tax Requirement, the Special Tax will be levied Proportionately on each Assessor’s Parcel of Approved Property at up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel. If additional moneys are still needed to satisfy the Special Tax Requirement, the Special Tax will be levied Proportionately on each Assessor’s Parcel of Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel. If additional moneys are needed to satisfy the Special Tax Requirement, the Special Tax on each Assessor’s Parcel of Developed Property for which the Maximum Special Tax is the Backup Special Tax will be increased Proportionately from the Assigned Special Tax up to 100% of the Backup Special Tax. Finally, if additional moneys are needed to satisfy the Special Tax Requirement, the Special Tax will be levied Proportionately on each Assessor’s Parcel of Provisional Undeveloped Property at up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel. Notwithstanding the above, under no circumstances will the Special Tax levied against any Assessor’s Parcel of Residential Property as a result of a delinquency in the payment of the Special Tax applicable to any other Assessor’s Parcel be increased by more than 10% above the amount that would have been levied in that Fiscal Year had there never been any such delinquency or default.

As of April 1, 2025, Century Communities had obtained building permits for 120 of the 126 planned homes within the District. There are certain parcels which are expected to remain as open space when development in the District is complete. Such parcels are Exempt Property but may be classified as Provisional Undeveloped Property in the future, if necessary, in accordance with the Rate and Method.

For Fiscal Year 2025-26, the Assigned Special Tax for Developed Property within the District that is classified as Single Family Residential Property will range from $2,563 per taxable unit with a Building Square Footage of less than 2,100 square feet to $2,659 per taxable unit with a Building Square Footage of greater than 2,300 square feet. On each July 1 the Assigned Special Tax rates for Developed Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Single Family Residential Property shall be the Backup Special Tax computed pursuant to the Rate and Item Title: 12.1
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15 Method. For Fiscal Year 2025-26, the Maximum Special Tax on Approved Property not classified as Single Family Residential Property is $53,038 per acre.

Table 1 below sets forth the Assigned Special Tax for Developed Property, the Maximum Special Tax for Approved Property, the estimated Fiscal Year 2025-26 Special Tax levy and the percent of such levy based on land use type.

TABLE 1

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE) ASSIGNED SPECIAL TAX RATES FOR FISCAL YEAR 2025-26
Land Use Type
Residential Floor Area
(sq. ft.)
Maximum/
Assigned
Special Tax
Rates
Fiscal Year
2025-26(1)
Special Tax
Levy Rates
Fiscal Year
2025-26
Percent of
Maximum/
Assigned
Rate
No. of
Units
Aggregate
Estimated
Special Taxes
Fiscal Year
2025-26(2)
Percent of
Total
Residential Property <2,100 sq ft $2,563 $2,563 100.0% 39 $ 99,950 31.9% Residential Property 2,100 - 2,300 sq ft 2,612 2,612 100.0 41 107,077 34.2 Residential Property > 2,300 sq ft 2,659 2,659 100.0 40 106,375 33.9 Approved Property N/A 53,038 0 0.0 6 0 0.0
Multifamily Property N/A 53,038 0 0.0 0 0 0.0
Non-Residential Property N/A 53,038 0 0.0 0 0 0.0 Total 126 $313,402 100.0%
(1) Reflects the Assigned Special Tax rates for Developed Property and the Maximum Special Tax for Approved Property, Multifamily Property and Non-Residential Property.
(2) Includes the Fiscal Year 2025-26 Administrative Expenses Cap of $30,600. The Administrative Expenses Cap escalates at 2% per Fiscal Year.

Source: Spicer Consulting Group, LLC.

Backup Special Tax Rates. The Backup Special Tax for an Assessor’s Parcel within a Final Map classified as Single Family Residential Property or Approved Property expected to be classified as Single Family Residential Property is calculated by multiplying the Maximum Special Tax per acre of Undeveloped Property by the acreage of Single Family Residential Property expected to exist in such Final Map at the time of calculation and dividing such product by the number of residential units expected to exist in such Final Map at the time of calculation.

In the event any portion of the Final Map is changed or modified, the Backup Special Tax for all Assessor’s Parcels within such changed or modified area shall be $53,038 per acre for Fiscal Year 2025-26.

Notwithstanding the foregoing, the Backup Special Tax for an Assessor’s Parcel of Developed Property for which a certificate of occupancy has been granted may not be revised. In the event any superseding Final Map is recorded as a Final Map within the boundaries of the District, the Backup Special Tax for all Assessor’s Parcels within such Final Map shall be $53,038 per acre for Fiscal Year 2025-26. The Backup Special Tax shall not apply to Multifamily Residential Property or Non-Residential Property. On each July 1 the Backup Special Tax rate will increase by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

Prepayment of Special Taxes. The Maximum Special Tax obligation may be prepaid and permanently satisfied for (i) Assessor’s Parcels of Developed Property, (ii) Assessor’s Parcels of Approved Property or Undeveloped Property for which a building permit has been issued, (iii) Approved Property or Undeveloped Property for which a building permit has not been issued, and (iv) Assessor’s Parcels of Provisional Undeveloped Property that are not Exempt Property. In addition, the Maximum Special Tax obligation for an Assessor’s Parcel of Developed Property, Approved Property, Undeveloped Property or Provisional Undeveloped Property may be partially prepaid. The Prepayment amount is calculated based on the sum of the Bond Redemption Amount, the Redemption Premium, the Future Facilities Amount, the Defeasance Amount, Administrative Fees and Expenses and less a credit for the resulting reduction in the Reserve Requirement for the Bonds (if any), all Item Title: 12.1
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16 as specified in Section G of the Rate and Method attached as Appendix A. Prepayments of Special Taxes will be applied to effect an extraordinary redemption of Bonds and Parity Bonds. See “THE BONDS — Redemption — Special Mandatory Redemption from Special Tax Prepayments.” Estimated Debt Service Coverage. For the projected Fiscal Year 2025-26 Special Tax levy, the Bonds have been sized so that the Assigned Special Taxes on 120 parcels of Developed Property as of April 1, 2025 will produce an amount equal to at least 110% of the debt service due on the Bonds in Fiscal Year 2025-26 plus Administrative Expenses of $30,600. For Bond Years thereafter, Annual Debt Service on the Bonds has been sized based on the expected Special Tax revenues to be received in each Fiscal Year from all 126 parcels of Developed Property within the District, assuming that the Special Taxes are levied at the Assigned Special Tax rates. Assuming no delinquencies, the Special Tax levy on 126 parcels of Developed Property within the District at the Assigned Special Tax rates will generate in each future Fiscal Year not less than the Administrative Expenses Cap plus 110% of debt service payable with respect to the Bonds in the calendar year that begins in that Fiscal Year, assuming that Special Taxes are levied and collected on such Developed Property pursuant to the Rate and Method. Actual collections of the Special Tax will depend on the amount of Special Tax delinquencies. Both the Special Tax levy and the Administrative Expenses Cap escalate at 2% each Fiscal Year.

Limitation on Special Tax Levy and Potential Impact on Coverage. Pursuant to Section 53321(d) of the Government Code, the special tax levied against any assessor’s parcel for which an occupancy permit for private residential use has been issued will not be increased as a consequence of delinquency or default by the owner of any other assessor’s parcel within the District by more than 10% above the amount that would have been levied in that fiscal year had there never been any such delinquencies or defaults. As a result, it is possible that the District may not be able to increase the tax levy to the Assigned Special Tax in all years.

Levy, Collection and Application of Special Taxes. The Special Taxes are levied and collected by the Treasurer-Tax Collector of the County in the same manner and at the same time as ad valorem property taxes, although it is possible that the District could elect to provide handbills to property owners within the District.

The District will covenant in the Indenture that each year it will levy Special Taxes up to the maximum rates permitted under the Rate and Method in an amount sufficient, together with other amounts on deposit in the Special Tax Fund, to pay the principal of and interest on any Outstanding Bonds and Parity Bonds, to replenish the Reserve Account to the Reserve Requirement and to pay Administrative Expenses.

The District will make certain covenants in the Indenture which are intended to ensure that the current maximum Special Tax rates and method of collection of the Special Taxes are not altered in a manner that would impair the District’s ability to collect sufficient Special Taxes to pay debt service on the Bonds, Parity Bonds and Administrative Expenses when due.

First, the District will covenant in the Indenture that it will take no actions that would discontinue or cause the discontinuance of the Special Tax levy or the District’s authority to levy the Special Tax for so long as the Bonds and any Parity Bonds are Outstanding.

Second, the District will covenant in the Indenture, to the maximum extent that the law permits it to do so, not to initiate proceedings to reduce the maximum Special Tax rates for the District, unless, in connection therewith, the District receives a certificate from one or more Independent Financial Consultants which, when taken together, certify that: (i) such changes do not reduce the maximum Special Taxes that may be levied in each year on property within the District to an amount which is less than the Administrative Expenses Cap plus 110% of the Annual Debt Service due in each corresponding future Bond Year with respect to the Bonds and Parity Bonds Outstanding as of the date of such proposed reduction; and (ii) the District is not delinquent in the payment of the principal of or interest on the Bonds or any Parity Bonds.

Third, the District will covenant in the Indenture that, in the event that any initiative is adopted by the qualified electors within the District which purports to reduce the maximum Special Tax below the levels Item Title: 12.1
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17 specified in the preceding paragraph or to limit the power of the District to levy the Special Taxes for the purposes set forth in the Indenture, it will commence and pursue legal action in order to preserve its ability to comply with such covenants. The District can provide no assurance that any such legal action will be successful. See the caption “SPECIAL RISK FACTORS — Proposition 218.”
Fourth, the District will covenant in the Indenture that it will not adopt any policy pursuant to the Act permitting the tender of Bonds or Parity Bonds in full payment or partial payment of any Special Taxes unless the District has first received a certificate from an Independent Financial Consultant that the acceptance of such a tender will not result in the District having insufficient Net Taxes to pay the principal of and interest on the Bonds and Parity Bonds when due.

See Appendix E under the caption “COVENANTS AND WARRANTY.” Although the Special Taxes constitute liens on taxed parcels within the District, they do not constitute a personal indebtedness of the owners of property within the District. Moreover, other liens for taxes and assessments already exist on the property located within the District and others could come into existence in the future in certain situations without the consent or knowledge of the City or the landowners in the District. See the captions “THE DISTRICT — Direct and Overlapping Debt” and “SPECIAL RISK FACTORS — Direct and Overlapping Indebtedness.” There is no assurance that property owners will be financially able to pay the annual Special Taxes or that they will pay such taxes even if financially able to do so, all as more fully described under the caption “SPECIAL RISK FACTORS.”
Proceeds of Foreclosure Sales. The net proceeds received following a judicial foreclosure sale of property within the District resulting from a property owner’s failure to pay the Special Taxes when due are included within the Net Taxes pledged to the payment of principal of and interest on the Bonds and any Parity Bonds under the Indenture.

Pursuant to Section 53356.1 of the Act, in the event of any delinquency in the payment of any Special Tax or receipt by the District of Special Taxes in an amount which is less than the Special Taxes levied, the City Council, as the legislative body of the District, may order that Special Taxes be collected by a Superior Court action to foreclose the lien within specified time limits. In such an action, the real property subject to the unpaid amount may be sold at a judicial foreclosure sale. Under the Act, the commencement of judicial foreclosure following the nonpayment of a Special Tax is not mandatory. However, the District will covenant in the Indenture for the benefit of the owners of the Bonds and any Parity Bonds that it will: (i) commence judicial foreclosure proceedings against parcels with delinquent Special Taxes in excess of $5,000 by the October 1 following the close of each Fiscal Year in which such Special Taxes were due; and (ii) commence judicial foreclosure proceedings against all parcels with delinquent Special Taxes by the October 1 following the close of each Fiscal Year in which it receives Special Taxes in an amount which is less than 95% of the total Special Tax levied; and (iii) diligently pursue such foreclosure proceedings until the delinquent Special Taxes are paid; provided that, notwithstanding the foregoing, the District may elect to defer foreclosure proceedings on any parcel so long as the amount in the Reserve Account is at least equal to the Reserve Requirement.

The District will covenant in the Indenture that it will deposit the net proceeds of any foreclosure in the Special Tax Fund and will apply such proceeds remaining after the payment of Administrative Expenses to make current payments of principal and interest on the Bonds and any Parity Bonds, to bring the amount on deposit in the Reserve Account up to the Reserve Requirement and to pay any delinquent installments of principal or interest due on the Bonds and any Parity Bonds. See APPENDIX E — “SUMMARY OF THE INDENTURE — COVENANTS AND WARRANTY — Covenants” herein.

If foreclosure is necessary and other funds (including amounts in the Reserve Account) have been exhausted, debt service payments on the Bonds could be delayed unless the foreclosure proceedings produce sufficient net foreclosure sale proceeds. Judicial foreclosure actions are subject to the normal delays associated with court cases and may be further slowed by bankruptcy actions, involvement by agencies of the federal Item Title: 12.1
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18 government and other factors beyond the control of the City and the District. See the caption “SPECIAL RISK FACTORS — Enforcement Delays – Bankruptcy.” Moreover, no assurances can be given that the real property subject to foreclosure and sale at a judicial foreclosure sale will be sold or, if sold, that the net proceeds of such sale will be sufficient to pay any delinquent Special Tax installment. See the caption “SPECIAL RISK FACTORS — Property Values.” Although the Act authorizes the District to cause such an action to be commenced and diligently pursued to completion, the Act does not impose on the District or the City any obligation to purchase or acquire any lot or parcel of property sold at a foreclosure sale if there is no other purchaser at such sale. The Act provides that, in the case of a delinquency, the Special Tax will have the same lien priority as is provided for ad valorem taxes.

Collection of Special Taxes and Flow of Funds. The Special Taxes will be levied and collected by the Treasurer-Tax Collector of the County in the same manner and at the same time as ad valorem property taxes, although it is possible that the District could elect to provide handbills to property owners within the District.

When the County apportions Special Taxes to the District, the District will transmit the Special Taxes to the Trustee for deposit in the Special Tax Fund established by the Indenture.

Except for Prepayments, which will be deposited to the Redemption Account of the Special Tax Fund, the Trustee will, on each date on which the Special Taxes are received from the District, deposit the Special Taxes in the Special Tax Fund to be held in trust for the Owners. The Trustee will transfer the Special Taxes on deposit in the Special Tax Fund on the dates, in the amounts and in the following order of priority, to:

First: To the Administrative Expense Account in an amount up to the Administrative Expenses Cap.

Second: To the Interest Account, an amount such that the balance in the Interest Account one Business Day prior to each Interest Payment Date is equal to the installment of interest due on the Bonds and any Parity Bonds on said Interest Payment Date and any installment of interest due on a previous Interest Payment Date which remains unpaid. Moneys in the Interest Account will be used for the payment of interest on the Bonds and any Parity Bonds as the same become due.

Third: To the Principal Account, an amount such that the balance in the Principal Account one Business Day prior to September 1 of each year, commencing September 1, 202_, is equal to the principal payment due on the Bonds and any Parity Bonds maturing on such September 1 and any principal payment due on a previous September 1 which remains unpaid. Moneys in the Principal Account shall be used for the payment of the principal of such Bonds and any Parity Bonds as the same become due at maturity.

Fourth: To the Redemption Account, the amount needed to make the balance in the Redemption Account one Business Day prior to each September 1 on which a Sinking Fund Payment is due equal to the Sinking Fund Payment due on any Outstanding Bonds and Parity Bonds on such September 1; provided, however, that, if amounts in the Special Tax Fund are inadequate to make the foregoing transfers, then any deficiency will be made up by an immediate transfer from the Reserve Account, if funded, pursuant to the Indenture; and thereafter, to pay the principal and premium, if any, due in connection with an optional redemption of Bonds or Parity Bonds.

Fifth: To the Reserve Account of the Special Tax Fund to the extent necessary to replenish the Reserve Account to the Reserve Requirement.

Sixth: To the Administrative Expense Account of the Special Tax Fund the amount of any Administrative Expenses for the current Bond Year in excess of the Administrative Expenses Cap as directed by the City.

Item Title: 12.1
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19 Seventh: To the Rebate Fund established by the Indenture to the extent directed by the City pursuant to the Indenture.

Eighth: To the Surplus Fund established by the Indenture such remaining amounts in the Special Tax Fund after making the foregoing transfers on September 1.

Reserve Account of the Special Tax Fund
In order to secure further the payment of principal of and interest on the Bonds, the District is required, upon delivery of the Bonds, to deposit in the Reserve Account and thereafter to maintain in the Reserve Account an amount equal to the Reserve Requirement. The term “Reserve Requirement” is defined in the Indenture to mean, that amount as of any date of calculation, equal to the lesser of: (i) 10% of the initial principal amount of the Bonds and Parity Bonds, if any; (ii) Maximum Annual Debt Service on the then Outstanding Bonds and Parity Bonds, if any; (iii) 125% of average Annual Debt Service on the then Outstanding Bonds and Parity Bonds, if any; provided, however, that the Reserve Requirement shall not increase from the amount calculated as of the date of issuance of the Bonds except in connection with the issuance of Parity Bonds. The Reserve Requirement may be satisfied in whole or in part by cash, a Reserve Policy (as defined in the Indenture), or a combination thereof. On the date of issuance of the Bonds, the District will deposit $___________ from proceeds of the Bonds into the Reserve Account to satisfy the Reserve Requirement.

Subject to the limits on the maximum annual Special Tax levy set forth in the Rate and Method and in the Indenture, the District will covenant in the Indenture to levy Special Taxes in an amount sufficient, in light of the other intended uses of the Special Tax proceeds, to maintain the balance in the Reserve Account at the Reserve Requirement. Amounts in the Reserve Account are to be applied: (i) to pay debt service on the Bonds, or any Parity Bonds, including Sinking Fund Payments, to the extent that other monies are not available therefor; (ii) to redeem Bonds or Parity Bonds in the event of prepayment of Special Taxes, to optionally redeem Bonds or Parity Bonds or in connection with a partial defeasance of Bonds or Parity Bonds, in accordance with the Indenture; and (iii) to pay any rebate requirements. See Appendix E under the caption “CREATION OF FUNDS AND APPLICATION OF PROCEEDS — Reserve Account of the Special Tax Fund.” No Teeter Plan
Although the Riverside County Board of Supervisors has adopted the Alternative Method of Distribution of Tax Levies and Collections and of Tax Sale Proceeds (the “Teeter Plan”) which allows each entity levying secured property taxes in the County to draw on the amount of property taxes levied rather than the amount actually collected, as provided for in Section 4701 et seq. of the California Revenue and Taxation Code, the District is not included in the County Teeter Plan. Consequently, the District may not draw on the County Tax Loss Reserve Fund in the event of delinquencies in Special Tax payments within the District.

Parity Bonds for Refunding Purposes Only
The District may at any time after the issuance and delivery of the Bonds issue Parity Bonds payable from the Net Taxes and other amounts deposited in the Special Tax Fund (other than in the Administrative Expense Account therein) and secured by a lien and charge upon such amounts equal to the lien and charge securing the Outstanding Bonds and any other Parity Bonds theretofore issued; provided, however, Parity Bonds may only be issued for the purpose of refunding all or a portion of the Bonds or any Parity Bonds then Outstanding. Parity Bonds may be issued subject to the following additional specific conditions, which are made conditions precedent to the issuance of any such Parity Bonds by the Indenture:
(a) The District shall be in compliance with all covenants set forth in the Indenture and any Supplemental Indenture then in effect and a certificate of the District to that effect shall have been filed with the Trustee; provided, however, that Parity Bonds may be issued notwithstanding that the District is not in Item Title: 12.1
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20 compliance with all such covenants so long as immediately following the issuance of such Parity Bonds the District will be in compliance with all such covenants. (b) The issuance of such Parity Bonds shall have been duly authorized pursuant to the Act and all applicable laws, and the issuance of such Parity Bonds shall have been provided for by a Supplemental Indenture duly authorized, executed and delivered by the District which shall specify the following: (1) the purpose for which such Parity Bonds are to be issued and the fund or funds into which the proceeds thereof are to be deposited; (2) the authorized principal amount of such Parity Bonds; (3) the date and the maturity date or dates of such Parity Bonds; provided that: (i) each maturity date shall fall on a September 1; (ii) all such Parity Bonds of like maturity shall be identical in all respects, except as to number; (iii) fixed serial maturities or Sinking Fund Payments, or any combination thereof, shall be established to provide for the retirement of all such Parity Bonds on or before their respective maturity dates; and (iv) the maturity of the Parity Bonds to be issued shall not exceed the maturity of the Bonds and Parity Bonds being refunded; (4) the description of the Parity Bonds, the place of payment thereof and the procedure for execution and authentication; (5) the denominations and method of numbering of such Parity Bonds; (6) the amount and due date of each mandatory Sinking Fund Payment, if any, for such Parity Bonds; (7) the amount, if any, to be deposited from the proceeds of such Parity Bonds in the Reserve Account of the Special Tax Fund to increase the amount therein to the Reserve Requirement; (8) the form of such Parity Bonds; and (9) such other provisions as are necessary or appropriate and not inconsistent with the Indenture.
(c) The District shall have received the following documents or money or securities, all of such documents dated or certified, as the case may be, as of the date of delivery of such Parity Bonds by the Trustee (unless the Trustee shall be directed by the District to accept any of such documents bearing a prior date): (1) a certified resolution of the City Council, acting as the legislative body of the District, authorizing the issuance of such Parity Bonds; (2) a written request of the District as to the delivery of such Parity Bonds; (3) an opinion of Bond Counsel and/or general counsel to the District substantially to the effect that: (i) the District has the right and power under the Act to execute and deliver the Supplemental Indenture relating to such Parity Bonds, and such Supplemental Indenture has been duly and lawfully executed by the District, and the Indenture and such Supplemental Indenture are in full force and effect and are valid and binding upon the District and enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights); (ii) the Indenture creates the valid pledge which it purports to create of the Net Taxes and other amounts as provided in the Indenture, subject to the application thereof to the purposes and on the conditions permitted by the Indenture; and (iii) such Parity Bonds are valid and binding limited obligations of the District, enforceable in accordance with their terms (except as enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of creditors’ rights) and the terms of the Indenture and the Supplemental Indenture executed and delivered in connection with such Parity Bonds and are entitled to the benefits of the Indenture and such Supplemental Indenture, and such Parity Bonds have been duly and validly authorized and issued in accordance with the Act (or other applicable laws) and the Indenture and such Supplemental Indenture; (4) a certificate of the District containing such statements as may be reasonably necessary to show compliance with the requirements of the Indenture; (5) a certificate of an Independent Financial Consultant certifying that in each Bond Year the Annual Debt Service on the Bonds and Parity Bonds to remain Outstanding following the issuance of the Parity Bonds proposed to be issued is less than the Annual Debt Service on the Bonds and Parity Bonds Outstanding prior to the issuance of such Parity Bonds; and (6) such further documents, money and securities as are required by the provisions of the Indenture and the Supplemental Indenture providing for the issuance of such Parity Bonds.

Century Communities Letter of Credit
[Century Communities has provided an irrevocable letter of credit (the “Letter of Credit”) to secure payment of Special Taxes levied on the property in the District owned by it, which identifies the Trustee as beneficiary. The amount available to be drawn under the Letter of Credit (the “Stated Amount”) is equal to the estimated Special Tax levy attributable to the parcels owned by Century Communities as of ________, 2025 Item Title: 12.1
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21 (___ parcels owned by Century Communities as of such date) in Fiscal Years 2025-26 and 2026-27. The initial Stated Amount of the Letter of Credit shall be $________. Century Communities is obligated to maintain the Letter of Credit until the property then owned by Century Communities is responsible for is (i) less than twenty percent (20%) of the Maximum Special Tax levy in the District or (ii) Century Communities has paid all the Special Taxes owned by Century Communities in the then current Fiscal Year and the property owned by Century Communities is responsible for less than 20% of the Maximum Special Tax levy in the District in the next Fiscal Year. Notwithstanding the foregoing, the Letter of Credit is available but not pledged under the Indenture for the repayment of debt service on the Bonds and the District could instruct the Trustee to release the Letter of Credit at any time without the consent of the Owners or Beneficial Owners of the Bonds.]

THE DISTRICT
General Description of the District
General. The District contains approximately 14 taxable acres and is located in the City on the southeast corner of McLaughlin Road and Sun City Boulevard, directly adjacent to the Interstate 215 freeway. The property within the District is being developed by Century Communities in a project marketed by Century Communities as “The Village by Century Communities.”
The property within the District is planned for 126 single family detached homes. As of April 1, 2025, Century Communities had completed and conveyed 93 homes within the District to individual homeowners. As of such date, Century Communities owned two model homes (none of which were in escrow), 25 homes in various stages of construction (five of which were in escrow) and six finished lots (none of which were in escrow). As of April 1, 2025, Century Communities had obtained building permits for 120 of the 126 homes planned within the District. Century Communities currently expects to complete and convey all homes planned within the District to individual homeowners by the [end of 2025].

Water and sewer service to the property within the District is currently supplied by the Eastern Municipal Water District. Electricity is currently supplied by Southern California Edison and gas by The Gas Company. Public education instruction is provided by Romoland School District and Perris Union High School District.

The property within the District is not located in an Alquist-Priolo Earthquake Study Zone and is not located within one-half mile of an active earthquake fault. Additionally, the District is not located in a flood plain area or in an area which the Department of Forestry and Fire Protection of the State of California has designated as a high fire hazard severity zone. Notwithstanding the foregoing, the property in the District may be subject to unpredictable seismic activity, fires, flood, or other natural disasters. See “SPECIAL RISK FACTORS — Natural Disasters.”
A map showing the location of the District and an aerial photograph thereof appear following the Table of Contents.

Authorized Uses of Bond Proceeds
Proceeds of the Bonds are authorized to be used to pay for the costs of construction of City facilities, including certain storm drain and street improvements and the costs of school facilities to be owned and operated by the Romoland School District. See the caption “FINANCING PLAN.” Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 40

Menifee Mayor and City Council
June 4, 2025
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22 Appraisal Report
The estimated assessed value of the property within the District, as shown on the County’s assessment roll for Fiscal Year 2024-25 is approximately $6,954,203, which as a result of timing of the County’s determination of the assessed values for Fiscal Year 2024-25, does not reflect the substantial development activity that has taken place since such value was determined.

A property’s assessed value is not necessarily indicative of its market value. In order to provide information with respect to the value of the taxable property within the District, the City engaged the Appraiser to prepare the Appraisal Report. The Appraiser has an “MAI” designation from the Appraisal Institute and has prepared numerous appraisals for the sale of land-secured municipal bonds. The Appraiser was selected by the City and has no material relationships with the City or the owners of the land within the District other than the relationship represented by the engagement to prepare the Appraisal Report. The City instructed the Appraiser to prepare its analysis and report in conformity with City-approved guidelines and the Appraisal Standards for Land Secured Financings published in 1994 and revised in 2004 by the California Debt and Investment Advisory Commission. A copy of the Appraisal Report is included as Appendix D — “APPRAISAL REPORT” to this Official Statement.

The purpose of the Appraisal Report was to estimate the market value of the property within the District subject to the lien of the Special Taxes. The estimate of market value takes into consideration and assumes the improvements to be funded with the proceeds of the Bonds have been installed and that the remaining costs to develop the project within the District provided to the Appraiser by Century Communities are correct. As a result, the value conclusions are based upon a hypothetical condition that all improvements and benefits to the District, which are to be funded with the proceeds of the Bonds, are completed and in place or have accrued to the property.

Subject to the assumptions and limiting conditions set forth in the Appraisal Report, the Appraiser concluded that, as of April 1, 2025, the market value of the Taxable Property within the District was $57,905,404.

In valuing the property within the District, the Appraiser used a sales comparison approach for the property to be developed and, with respect to the Century Communities-owned models and production units more than 95% complete, a discounted cash flow analysis was applied. The discounted cash flow analysis accounts for remaining development costs, marketing and carrying costs and a discount rate through the estimated absorption period for such models and production units. Lots with homes less than 95% complete were valued as finished lots.

The Appraisal Report is based upon a variety of assumptions and limiting conditions that are described in Appendix D. The City, the Underwriter and the District make no representation as to the accuracy of the Appraisal Report. There is no assurance that the property within the District can be sold for the prices set forth in the Appraisal Report or that any parcel can be sold for a price sufficient to pay the Special Tax for that parcel in the event of a default in payment of Special Taxes by the landowner. See “SPECIAL RISK FACTORS — Property Values” and Appendix D — “APPRAISAL REPORT.”
Estimated Appraised Value-to-Lien Ratios
The aggregate appraised value of property within the District is $57,905,404. Dividing the aggregate estimate of value by the principal amount of the Bonds results in a value to lien ratio of 12.08-to-1 * for the District. Including overlapping indebtedness, the estimated value to lien ratio based on the appraised value is

10.41-to-1*. See Table 4 below and “SPECIAL RISK FACTORS — Direct and Overlapping Indebtedness.” Based on ownership status as of April 1, 2025 and assuming no further development activity and transfer of ownership, individual homeowners and Century Communities would be responsible for approximately 77.5% and 22.5%, respectively, of the estimated Fiscal Year 2025-26 Special Tax levy. The District does not expect to levy Special Taxes on Approved Property in Fiscal Year 2025-26.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 41

Menifee Mayor and City Council
June 4, 2025
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1105 of 1361

23 Table 2 below sets forth the appraised value-to-lien ratio of the Taxable Property within the District based on ownership status as of April 1, 2025, the appraised values set forth in the Appraisal Report, the principal amount of the Bonds and overlapping debt, allocated based on the estimated Fiscal Year 2025-26 Special Tax levy.

Table 3 below sets forth the estimated appraised value-to-lien ratios for Developed Property within the District by various ranges based upon the principal amount of the Bonds and overlapping debt, allocated based on the estimated Fiscal Year 2025-26 Special Tax levy.

As shown in Table 4 below, the property in the District is located within a community facilities district formed by Eastern Municipal Water District, which has authorized but unissued debt in the amount of $5,000,000. Assuming no increase in property values, the issuance of such overlapping debt would decrease the value-to-lien ratios for the District as set forth herein. [Remainder of Page Intentionally Left Blank]
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 42

Menifee Mayor and City Council
June 4, 2025
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24 TABLE 2

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE)

ESTIMATED VALUE-TO-LIEN RATIOS

ALLOCATED BY PROPERTY OWNER
BASED ON FISCAL YEAR 2025-26 SPECIAL TAX LEVY
Property Owner(1)
No. of
Parcels
Appraised
Property
Value(2)
% of
Appraised
Value
Fiscal Year
2025-26
Maximum
Tax(3)
Fiscal Year
2025-26
Percentage of
Maximum
Tax
Estimated
Fiscal Year
2025-26
Levy (4)
% of
Estimated
Fiscal Year
2025-26 Levy
CFD 2022-2
Bonds (5)*
All other
Overlapping
Debt Issued(6)
Appraised
Value-to-Lien
Ratio*
Developed Property(7)
Individually Owned 93 $49,434,150 85.37% $ 255,631 73.81% $ 242,849 77.49% $ 3,715,546 $ 595,906 11.47:1 Century Communities Owned 27 7,311,026 12.63 74,215 21.43 70,553 22.51 1,079,454 173,125 5.84:1 Total Developed 120 $56,745,176 98.00% $ 329,847 95.24% $ 313,402 100.00% $ 4,795,000 $ 769,031 10.20:1 Approved Property(7)
Century Communities Owned 6 $ 1,160,228 2.00% $ 16,492 4.76% $ 0 0.00% $ 0 $ 0 N/A Total Approved 6 $ 1,160,228 2.00% $ 16,492 4.76% $ 0 0.00% $ 0 $ 0 N/A Total 126 $57,905,404 100.00% $ 346,339 100.00% $ 313,402 100.00% $ 4,795,000 $ 769,031 10.41:1 * Preliminary, subject to change.
(1) Property ownership status as of April 1, 2025.
(2) Based on the appraised value set forth in the Appraisal Report as of April 1, 2025, the Date of Value. (3) Based on Backup Special Tax rate on Developed Property and the Maximum Special Tax rate on Approved Property. See “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Rate and Method of Apportionment of Special Tax.” (4) Estimated Fiscal Year 2025-26 Special Tax Levy based upon development status as of April 1, 2025 and an Administrative Expenses Cap for Fiscal Year 2025-26 of $30,600. The levy on Developed Property shown is equal to 100% of the Assigned Special Tax rates on Developed Property. The District currently does not expect to levy the Special Tax on Approved Property in Fiscal Year 2025-26.
(5) Allocated based on the estimated Fiscal Year 2025-26 Special Tax levy. (6) Includes overlapping debt set forth in Table 4 below. (7) Based on the number of building permits issued as of April 1, 2025.

Source: County of Riverside Assessor’s Office; Spicer Consulting Group, LLC.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 43

Menifee Mayor and City Council
June 4, 2025
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1107 of 1361

25 TABLE 3

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE)

VALUE-TO-LIEN STRATIFICATION FOR DEVELOPED PROPERTY
BASED ON FISCAL YEAR 2025-26 SPECIAL TAX LEVY*
Value-to-Lien Category
No. of
Developed
Parcels
% of
Developed
Parcels
Appraised
Value (1)
% of
Appraised
Value
CFD 2022-2
Estimated
Fiscal Year
2025-26 Levy
Percent Share
of Estimated
Fiscal Year
2025-26 Levy
CFD 2022-2
Bonds (2)
Percent Share
of CFD 2022-
2 Bonds
All Other
Overlapping
Debt(3)
Aggregate
Value-to-Lien
Less than 5.00:1(4) 16 13.33% $ 3,093,941 5.45% $ 42,023 13.41% $ 642,941 13.41% $103,116 4.15:1 Between 5.01:1 to 7.00:1 0 0.00 0 0.00 0 0.00 0 0.00 0 N/A Between 7.01:1 to 9.00:1 9 7.50 3,347,214 5.90 23,260 7.42 355,867 7.42 57,075 8.11:1 Between 9.01:1 to 11.00:1 2 1.67 869,871 1.53 5,271 1.68 80,646 1.68 12,934 9.30:1 Greater than 11.00:1(4) 93 77.50 49,434,150 87.12 242,849 77.49 3,715,546 77.49 595,906 11.47:1 Totals 120 100.00% $56,745,176 100.00% $313,402 100.00% $ 4,795,000 100.00% $769,031 10.20:1 * Preliminary, subject to change.
(1) Based on the appraised value set forth in the Appraisal Report as of April 1, 2025, the Date of Value. (2) Allocated based on the estimated Fiscal Year 2025-26 Special Tax levy and reflects 120 building permits issued as of April 1, 2025 and an Administrative Expenses Cap for Fiscal Year 2025-26 of $30,600.
(3) Includes overlapping debt set forth in Table 4 below. (4) The minimum value to lien in the less than 5.00:1 category is 4.10:1*. The maximum value to lien in the greater than 11.00:1 category is 11.79:1*.

Source: County of Riverside Assessor’s Office; Spicer Consulting Group, LLC.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 44

Menifee Mayor and City Council
June 4, 2025
Page
1108 of 1361

26 Direct and Overlapping Debt
The District is included within the boundaries of overlapping local agencies providing governmental services. Some of these local agencies have outstanding bonds, and/or the authority to issue bonds, payable from taxes or assessments. The existing and authorized indebtedness payable from taxes and assessments that may be levied upon the property within the District is shown in Table 4 below. In addition to current debt, new community facilities districts and/or special assessment districts could be formed in the future encompassing all or a portion of the property within the District; and such districts or the agencies that formed them could issue more bonds and levy additional special taxes or assessments on such property within the District.

Menifee Mayor and City Council
June 4, 2025
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27 TABLE 4

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE)

DIRECT AND OVERLAPPING DEBT
AS OF APRIL 1, 2025
I. Appraisal Value (1) $57,905,404
II. Land Secured Bond Indebtedness
Outstanding Direct and
Overlapping Bonded Debt Type Issued Outstanding
%
Applicable
Parcels in
CFD No.
2022-2
Amount
Applicable
Eastern Municipal Water District No. 2021-93 CFD $5,000,000 $ 0 100.000% 126 $ 0 City of Menifee CFD No. 2022-2, Series 2025(2) CFD 4,795,000* 4,795,000* 100.000 126 4,795,000* TOTAL LAND SECURED BONDED DEBT $ 4,795,000 *
Authorized but Unissued
Direct and Overlapping Indebtedness Type Authorized Unissued %
Applicable
Parcels in
CFD No.
2022-2
Amount
Applicable
Eastern Municipal Water District No. 2021-93 CFD $5,000,000 $5,000,000 100.000% 126 $ 5,000,000 City of Menifee CFD No. 2022-2(2) CFD 6,000,000 1,205,000 100.000 126 1,205,000* TOTAL UNISSUED LAND SECURED INDEBTEDNESS $ 6,205,000 *
TOTAL OUTSTANDING AND UNISSUED LAND SECURED INDEBTEDNESS $11,000,000* III. General Obligation Bond Indebtedness
Outstanding Direct and
Overlapping Bonded Debt Type Issued Outstanding
%
Applicable
Parcels in
CFD No.
2022-2
Amount
Applicable
Metropolitan Water Debt Service GO $850,000,000 $ 19,215,000 0.051% 126 $ 9,845 Mt. San Jacinto Jr. College Debt Service GO 295,000,000 242,210,000 0.046 126 110,563 Perris Union High School Debt Service GO 363,415,283 292,042,190 0.222 126 648,623 TOTAL OUTSTANDING GENERAL OBLIGATION BONDED DEBT $ 769,031 Authorized but Unissued
Direct and Overlapping Indebtedness Type Authorized Unissued %
Applicable(2)
Parcels in
CFD No.
2022-2 (3)
Amount
Applicable
Metropolitan Water Debt Service GO $850,000,000 $ 0 0.051% 126 $ 0 Mt. San Jacinto Jr. College Debt Service GO 295,000,000 0 0.046 126 0 Perris Union High School Debt Service GO 363,420,000 4,717 0.222 126 10 TOTAL UNISSUED GENERAL OBLIGATION INDEBTEDNESS $ 10
TOTAL OUTSTANDING AND UNISSUED GENERAL OBLIGATION INDEBTEDNESS $ 769,042 TOTAL OF ALL OUTSTANDING DIRECT AND OVERLAPPING BONDED DEBT $ 5,564,031 TOTAL OF ALL OUTSTANDING DIRECT AND UNISSUED DIRECT OVERLAPPING INDEBTEDNESS $11,769,042 IV. Ratios to Appraisal Value
Outstanding Land Secured Bonded Debt 12.08:1*
Total Outstanding Bonded Debt 10.41:1*
* Preliminary, subject to change.
(1) Based on the Appraisal Report as of April 1, 2025, Date of Value. (2) Parity Bonds may be issued for refunding purposes only.

Source: County of Riverside Assessor’s Office; Spicer Consulting Group, LLC.

Table 5 below describes the estimated Fiscal Year 2025-26 effective tax burden for the development in the District based on the average appraised value of homes within each Land Use Category (as defined in the Rate and Method) as of the Date of Value, the Fiscal Year 2025-26 Special Tax levy at the Assigned Special Tax rates and Fiscal Year 2024-25 levies for all other overlapping taxing jurisdictions. Based on the foregoing and the Administrative Expenses Cap of $30,600 (which amount shall escalate at 2% per Fiscal Year), in Fiscal Year 2025-26, the estimated effective tax rate on Developed Property in the District is estimated to range from approximately 1.94% to 1.99%.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 46

Menifee Mayor and City Council
June 4, 2025
Page
1110 of 1361

28 TABLE 5

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE) ESTIMATED FISCAL YEAR 2025-26 TAX OBLIGATION

FOR SAMPLE DEVELOPED PROPERTY
Plan Name The Village
Plan Type 1 2 3
CFD Tax Category Less than
2,100 S.F.
2,100 to
2,300 S.F.

Greater than
2,300 S.F.

Home Size 2,021 2,220 2,420
Appraisal Value (1) $ 505,250 $ 532,800 $ 556,600
Ad Valorem Property Taxes:

General Purpose $ 5,053 $ 5,328 $ 5,566
Metro Water West (0.00700%) 4 4 4
Mt. San Jacinto Jr College (0.00268%) 13 14 15
Perris Union High School (0.06850%) 346 365 381
Total General Property Taxes $ 5,416 $ 5,711 $ 5,966
Assessment, Special Taxes & Parcel Charges:

Flood Control Stormwater / Cleanwater / Santa Ana $ 4 $ 4 $ 4 MWD Standby East charge 7 7 7
EMWD Infrastructure Availabity Charge 21 21 21
EMWD CFD No. 2021-93 1,685 1,730 1,775
City of Menifee CFD 2015-2, Zone 27 Maintenance Services 384 384 384 City of Menifee CFD 2022-2 (McLaughlin Village)(2) 2,563 2,612 2,659 Total Assessments & Special Taxes $ 4,663 $ 4,757 $ 4,850 Projected Total Property Tax $ 10,079 $ 10,468 $ 10,816 Projected Effective Tax Rate 1.99% 1.96% 1.94%
(1) Based on the average appraised value for homes in each Land Use Class (as defined in the Rate and Method) set forth in the Appraisal Report as of the Date of Value.
(2) Reflects the Fiscal Year 2025-26 Special Tax levy on Developed Property at the Assigned Special Tax rates.

Source: County of Riverside Assessor’s Office; Spicer Consulting Group, LLC.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 47

Menifee Mayor and City Council
June 4, 2025
Page
1111 of 1361

29 Delinquency History
Unpaid amounts of the Special Taxes for the first and second installments become delinquent after December 10 and April 10 of each Fiscal Year, respectively. Table 6 summarizes the Special Tax delinquencies for property within the District for Fiscal Year 2023-24 (which was the first year in which the Special Taxes were levied) and Fiscal Year 2024-25. Future delinquencies could increase as a result of factors such as changes in the local or national economy, increases in the mortgage rates and/or increases in the unemployment rate in the area. See “SPECIAL RISK FACTORS — Special Tax Delinquencies.” TABLE 6

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE)

SPECIAL TAX LEVIES, DELINQUENCIES AND DELINQUENCY RATES Delinquencies as of April 1, 2025
Fiscal
Year
Amount
Levied
Parcels
Levied
Parcels
Delinquent
Amount
Delinquent
Percent
Delinquent
2023-24 $ 5,000 1 0 $ 0 0.00%
2024-25 148,437 57 3 6,329 4.26
Source: County of Riverside Assessor’s Office; Spicer Consulting Group, LLC.

PROPERTY OWNERSHIP AND THE DEVELOPMENT
The information about the property in the District contained in this Official Statement has been provided by representatives of Century Communities and has not been independently confirmed or verified by the Underwriter, the City or the District. The Underwriter, the City, and the District make no representation as to the accuracy or adequacy of the information contained in this caption. There may be material adverse changes in this information after the date of this Official Statement. Neither the Bonds nor the Net Taxes securing the Bonds and any Parity Bonds are personal obligations of Century Communities or any affiliate thereof or any other property owner and, in the event that any property owner defaults in the payment of its Special Taxes, the District may proceed with judicial foreclosure but has no direct recourse to the assets of any property owner or any affiliate thereof. See the caption “SPECIAL RISK FACTORS.” Notwithstanding the belief of Century Communities that it will have sufficient funds to complete its planned development in the District, no assurance can be given that amounts necessary to fund the remaining planned development by Century Communities in the District will be available when needed. None of Century Communities, or any other entity or person, is under any legal obligation of any kind to expend funds for the development of the property as planned by Century Communities in the District. Any contributions by Century Communities or any other entity or person to fund the costs of its development are entirely voluntary. If and to the extent the aforementioned sources are inadequate to pay the costs to complete the planned development by Century Communities within the District, the remaining portions of such development may not be completed.

Century Communities has no legal obligation to Bondholders to make any such funds available for construction or development, or the payment of ad valorem property taxes or the Special Taxes. See the caption “SPECIAL RISK FACTORS.”
General
The District contains approximately 14 taxable acres and is located in the City on the southeast corner of McLaughlin Road and Sun City Boulevard, directly adjacent to the Interstate 215 freeway. The property within the District is being developed by Century Communities in a project marketed by Century Communities as “The Village by Century Communities.”
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 48

Menifee Mayor and City Council
June 4, 2025
Page
1112 of 1361

30 The property within the District is planned for 126 single family detached homes. The major infrastructure (sewer, water, storm drains, utilities, and arterial roads) necessary to develop the property within the District has been completed. As of April 1, 2025, only minor in-tract improvements consisting of landscaping, walls and final finishing of streets remained to be completed.

Planned Development Within the District
The property within the District is planned for 126 single family detached homes. There are three floor plans offered within the District with home sizes ranging from 2,021 square feet to 2,420 square feet. Actual sales prices for the closed homes through April 1, 2025 range from $462,547 to $598,245 and current base sales prices range from $529,990 to $579,990.

As of April 1, 2025, Century Communities had completed and conveyed 93 homes within the District to individual homeowners. As of such date, Century Communities owned two model homes (none of which were in escrow), 25 homes in various stages of construction (five of which were in escrow) and six finished lots (none of which were in escrow). As of April 1, 2025, Century Communities had obtained building permits for 120 of the 126 homes planned within the District. Century Communities currently expects to complete and convey all homes planned within the District to individual homeowners by the [end of 2025].

No assurance can be given that home construction and sales will be carried out on the schedule and according to the plans outlined herein, or that the home construction and sale plans or base prices set forth above will not change after the date of this Official Statement. Additionally, homes sold may not result in closed escrows as sales contracts are subject to cancellation. In changing market conditions, builders will often revise the product lines and prices and the rate of sales can fluctuate. Century Communities continuously evaluates its product lines and prices in light of the then current market conditions. See “SPECIAL RISK FACTORS” herein for a discussion of risk factors.

Century Communities
General. Century Communities is a wholly-owned subsidiary of Century Communities, Inc., a Delaware corporation, a publicly traded company whose common stock is listed on the NYSE under the ticker symbol “CCS.” Century Communities, Inc., is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states and builds and sells homes under its Century Communities and Century Complete brands. Century Communities, Inc.’s homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. Additionally, Century Communities, Inc.’s indirect wholly-owned subsidiaries, Inspire Home Loans Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, provide mortgage, title, and insurance services, respectively.

Century Communities, Inc. is subject to the informational requirements of the Securities Exchange Act of 1934 (the “Exchange Act”), and in accordance therewith is obligated to file reports, proxy statements, and other information, including financial statements, with the SEC. Such filings set forth, among other things, certain data relative to the consolidated results of operations and financial position of Century Communities, Inc. and its subsidiaries, including Century Communities (e.g., see Century Communities, Inc.’s annual report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on January 30, 2025, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the SEC on April 24, 2025).

The SEC maintains an Internet web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC, including Century Communities, Inc. The address of such Internet web site is www.sec.gov. All documents subsequently filed by Century Communities, Inc. pursuant to the requirements of the Exchange Act after the date of this Official Statement will be available for inspection in such manner as the SEC prescribes. Copies of Century Communities, Inc.’s annual report, quarterly reports and current reports, including any amendments, will be available from Century Communities, Inc.’s website at https://www.centurycommunities.com.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 49

Menifee Mayor and City Council
June 4, 2025
Page
1113 of 1361

31 The foregoing internet websites are included for reference only and the information on these internet sites is not a part of this Official Statement and is not incorporated by reference into this Official Statement. No representation is made in this Official Statement as to the accuracy or adequacy of the information contained on such internet websites. Neither Century Communities nor Century Communities, Inc. is obligated to advance funds for construction or development or to pay ad valorem property taxes or the Special Taxes and investors should not rely on the information and financial statements contained on such internet sites in evaluating whether to buy, hold or sell the Bonds.

Financing Plan. Through _________, 2025, Century Communities had spent approximately $___ million in acquiring its land in the District and approximately $___ million in site development costs, permits and impact fees, home construction costs, and other development, marketing and sales costs (exclusive of internal financing repayment, corporate overhead and other carry costs) related to its development within the District. Century Communities expects to spend approximately $____ million in additional site development costs, permit and impact fees, home construction costs, and other development, marketing and sales costs (exclusive of corporate overhead and other carry costs) between ______, 2025 and full build-out of the homes proposed to be constructed in the District.

To date, Century Communities has financed its land acquisition, site development and home construction costs related to its property within the District through internally generated funds. Century Communities expects to use internal funding (which may include home sales revenues from its project within the District) to complete its development activities within the District. However, home sales revenues from Century Communities’ activities in the District are not segregated and set aside for completing the homes in the District. Notwithstanding the foregoing, Century Communities believes that it will have sufficient funds to complete its construction and sale of homes in the District.

Except as described in this Official Statement and except for those consents, permits, authorizations, certifications and approvals of governmental entities required in the ordinary course of development, Century Communities has no actual knowledge of any impediment to construction or obtaining land use entitlements which could be reasonably expected to have a material adverse effect on its ability to complete the planned development of its property within the District as described in the Official Statement. Although the information in this Official Statement reflects the current development expectations of Century Communities, no assurance can be given that home construction and sales will be carried out on the schedule and according to the plans described herein, or that the home construction and sale plans or base prices set forth herein will not change after the date of this Official Statement. Century Communities reserves the right to change its development at any time without notice. Additionally, homes under contract to be sold may not result in closed escrows as sales contracts are subject to cancellation. See “SPECIAL RISK FACTORS – Concentration of Property Ownership.”

SPECIAL RISK FACTORS
The Bonds have not been rated by any rating agency, and the purchase of the Bonds involves significant risks that are not appropriate for certain investors. The following is a discussion of certain risk factors which should be considered, in addition to other matters set forth herein, in evaluating the investment quality of the Bonds. This discussion does not purport to be comprehensive or definitive and does not purport to be a complete statement of all factors which may be considered as risks in evaluating the credit quality of the Bonds. The occurrence of one or more of the events discussed herein could adversely affect the ability or willingness of property owners in the District to pay their Special Taxes when due. Such failures to pay Special Taxes could result in the inability of the District to make full and punctual payments of debt service on the Bonds. In addition, the occurrence of one or more of the events discussed herein could adversely affect the value of the property in the District. See “— Property Values” below.

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32 Risks of Real Estate Secured Investments Generally
The Bond Owners will be subject to the risks generally incident to an investment secured by real estate, including, without limitation: (i) adverse changes in local market conditions, such as changes in the market value of real property in the vicinity of the District, the supply of or demand for competitive properties in such area, and the market value of residential property or buildings and/or sites in the event of sale or foreclosure; (ii) changes in real estate tax rates and other operating expenses, governmental rules (including, without limitation, zoning laws and laws relating to endangered species and hazardous materials) and fiscal policies; (iii) natural disasters (including, without limitation, earthquakes, wildfires and floods), which may result in uninsured losses; (iv) adverse changes in local market conditions; and (v) increased delinquencies due to rising mortgage costs and other factors.

No assurance can be given that the property owners within the District will pay Special Taxes in the future or that they will be able to pay such Special Taxes on a timely basis. See the caption “— Enforcement Delays — Bankruptcy” for a discussion of certain limitations on the District’s ability to pursue judicial proceedings with respect to delinquent parcels.

Insufficiency of Special Tax Revenues
As discussed below, the Special Taxes may not produce revenues sufficient to pay the debt service on the Bonds due to nonpayment of the amounts levied.

In order to pay debt service on the Bonds, it is generally necessary that the Special Taxes be paid in a timely manner. Should the Special Taxes not be paid on time, the District has established a Reserve Account under the Indenture to be maintained in an amount equal to the Reserve Requirement to pay debt service on the Bonds to the extent other funds are not available. See “SOURCES OF PAYMENT FOR THE BONDS — Reserve Account of the Special Tax Fund.” The District will covenant in the Indenture to maintain in the Reserve Account an amount equal to the Reserve Requirement, subject, however, to the availability of Net Taxes in amounts sufficient to do so and to the limitation that the District may not levy the Special Tax in any Fiscal Year at a rate in excess of the maximum amounts permitted under the Rate and Method. See Appendix A and Appendix E hereto. As a result, if a significant number of Special Tax delinquencies occurs within the District, the District could be unable to replenish the Reserve Account to the Reserve Requirement due to the limitations on the amount of the Special Tax that may be levied. If such defaults were to continue in successive years, the Reserve Account could be depleted and a default on the Bonds could occur.

The Act provides that, if any property within the District not otherwise exempt from the Special Tax is acquired by a public entity through a negotiated transaction, or by gift or devise, the Special Tax will continue to be levied on and enforceable against the public entity that acquired the property. In addition, the Act provides that, if property subject to the Special Tax is acquired by a public entity through eminent domain proceedings, the obligation to pay the Special Tax with respect to that property is to be treated as if it were a special assessment and be paid from the eminent domain award. The constitutionality and operation of these provisions of the Act have not been tested in the courts, but it is doubtful that they would be upheld as to, for example, property owned by the federal government. If for any reason property within the District becomes exempt from taxation by reason of ownership by a non-taxable entity such as the federal government or another public agency, subject to the limitation of the Maximum Special Tax, the Special Tax will be reallocated to the remaining taxable parcels within the District. This would result in the owners of such property paying a greater amount of the Special Tax and could have an adverse impact upon their willingness and/or ability to pay the Special Tax. Moreover, if a substantial portion of additional land within the District became exempt from the Special Tax because of public ownership, or otherwise, the Maximum Special Tax which could be levied upon the remaining acreage might not be sufficient to pay principal of and interest on the Bonds when due and a default will occur with respect to the payment of such principal and interest.

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33 The District will covenant in the Indenture that, under certain circumstances, it will institute foreclosure proceedings to sell any property with delinquent Special Taxes in order to obtain funds to pay debt service on the Bonds. If foreclosure proceedings were ever instituted, any mortgage or deed of trust holder could, but would not be required to, advance the amount of the delinquent Special Tax to protect its security interest. See “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Proceeds of Foreclosure Sales” for provisions which apply in the event of such foreclosure and which the District is required to follow in the event of delinquencies in the payment of the Special Tax.

In the event that sales or foreclosures of property are necessary, there could be a delay in payments to Owners of the Bonds (if the Reserve Account has been depleted) pending such sales or the prosecution of such foreclosure proceedings and receipt by the City on behalf of the District of the proceeds of sale. The District may adjust the future Special Tax levied on taxable parcels in the District, subject to limitations described above under the caption “THE DISTRICT — Rate and Method of Apportionment,” to provide an amount required to pay interest on and principal of the Bonds, and the amount, if any, necessary to replenish the Reserve Account to an amount equal to the Reserve Requirement, and to pay all current expenses. There is, however, no assurance that the total amount of the Special Tax that could be levied and collected against taxable parcels in the District will be at all times sufficient to pay the amounts required to be paid by the Indenture, even if the Special Tax is levied at the Maximum Special Tax rates. See “— Enforcement Delays — Bankruptcy.” No assurance can be given that the real property subject to sale or foreclosure will be sold, or if sold, that the proceeds of sale will be sufficient to pay any delinquent installments of the Special Tax. The Act does not require the City to purchase or otherwise acquire any lot or parcel of property to be sold at foreclosure if there is no other purchaser at such sale. The Act and the Indenture do specify that the Special Tax will have the same lien priority as for ad valorem property taxes in the case of delinquency. Section 53356.6 of the Act requires that property sold pursuant to foreclosure under the Act be sold for not less than the amount of judgment in the foreclosure action, plus post judgment interest and authorized costs, unless the consent of the owners of 75% of the Outstanding Bonds and any Parity Bonds is obtained.

Prior to July 1, 1983, the right of redemption from foreclosure sales was limited to a period of one year from the date of sale. Under legislation effective July 1, 1983, the statutory right of redemption from such foreclosure sales has been repealed. However, a period of 20 days must elapse after the date on which the notice of levy of the interest in real property was served on the judgment debtor before the sale of such lot or parcel can be made. Furthermore, if the purchaser at the sale is the judgment creditor (e.g., the District), an action may be commenced by the delinquent property owner within 90 days after the date of sale to set aside such sale. The constitutionality of the aforementioned legislation, which repeals the one year redemption period, has not been tested and there can be no assurance that, if tested, such legislation will be upheld. (Section 701.680 of the Code of Civil Procedure of the State.)
Impact of Economic Conditions on the Development in the District Certain events and factors which negatively affect the regional, State and national economies could have an adverse effect on the pace at which the current or any future developers in the District can complete the remaining infrastructure and future homes, and demand by, and the ability of individuals to purchase homes within the District. Such events and factors could include rising inflation and interest rates, persistent supply chain issues and global market instability caused by geopolitical events. Any adverse impact of the foregoing and other economic factors on the projects in the District and the real estate market in general cannot be predicted.

Increasing Mortgage Interest Rates
Increases in mortgage interest rates could have a negative impact on the estimated absorption rates of the planned for-sale residential units in the District described herein. With respect to entry-level households, increased mortgage interest rates may adversely impact the affordability of homes and may increase mortgage payment levels for owning a lower-priced home relative to renting a residence, thereby making purchasing less Item Title: 12.1
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34 attractive. With respect to move-up households, higher mortgage interest rates may impact the desire of current homeowners to move from their present home due to the fact that their present home likely has a relatively low mortgage interest rate. In addition, in such instances, a new home would likely have a higher interest rate on a new mortgage loan as well as a higher purchase price and property taxes. Such considerations may decrease the desire for move-up households to purchase a new home. The foregoing factors could reduce demand for and/or the ability to achieve the sales prices of the planned for-sale homes within the District as described herein.

Concentration of Ownership
Based on development and ownership status as of April 1, 2025, (and assuming no further development activity and transfer of ownership), individual homeowners and Century Communities would be responsible for approximately 77.5% and 22.5%, respectively, of the estimated Fiscal Year 2025-26 Special Tax levy.

The timely payment of principal of and interest on the Bonds depends upon the willingness and ability of the current and future property owners in the District to pay the Special Taxes prior to delinquency. General and local economic conditions and governmental requirements or restrictions may affect the willingness of the current property owners, or any successor property owners, to pay the Special Taxes, and there is no assurance that the current property owners, or any successor property owners, will pay such Special Taxes even if financially able to do so. Due to the concentration of ownership of the property within the District, a failure by Century Communities or any successor property owner thereto to pay the Special Taxes may result in a default in the payment of debt service on the Bonds. See “PROPERTY OWNERSHIP AND THE DEVELOPMENT.” See “SOURCES OF PAYMENT FOR THE BONDS — Century Communities Letter of Credit” for a description of the Letter of Credit provided by Century Communities to secure the payment of Special Taxes levied on the property in the District owned by Century Communities.

Property Values
The value of the property within the District is a critical factor in determining the investment quality of the Bonds. If a property owner is delinquent in the payment of Special Taxes, the District’s only remedy is to commence foreclosure proceedings against the delinquent parcel in an attempt to obtain funds to pay the Special Taxes. Reductions in property values due to a downturn in the economy, physical events such as earthquakes, fires or floods, stricter land use regulations, delays in development or other events will adversely impact the security underlying the Special Taxes. See “THE DISTRICT — Appraisal Report” and Appendix D — “APPRAISAL REPORT.”
The Appraiser has estimated, on the basis of certain assumptions and limiting conditions contained in the Appraisal Report, that as of the Date of Value, the market value of the land and improvements within the District was approximately $57,905,404. See “THE DISTRICT — Appraisal Report” The Appraisal Report indicates the Appraiser’s opinion as to the market value of the properties referred to therein as of the date and under the conditions specified therein. The Appraiser’s opinion reflects conditions prevailing in the applicable market as of the Date of Value. The Appraiser’s opinion does not predict the future value of the subject property, and there can be no assurance that market conditions will not change adversely in the future.

Prospective purchasers of the Bonds should not assume that the taxable land within the District could be sold for the appraised amount or for the assessed values at a foreclosure sale for delinquent Special Taxes. In arriving at the estimate of market value of the property in the District, the Appraiser assumes that any sale will be unaffected by undue stimulus and will occur following a reasonable marketing period, which is not always present in a foreclosure sale. See Appendix D for a description of other assumptions made by the Appraiser and for the definitions and limiting conditions used by the Appraiser. Any event which causes one of the Appraiser’s assumptions to be untrue could result in a reduction of the value of the taxable land and improvements within the District from the market value estimated by the Appraiser.

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35 No assurance can be given that any bid will be received for a parcel with delinquent Special Taxes offered for sale at foreclosure or, if a bid is received, that such bid will be sufficient to pay all delinquent Special Taxes. See “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Proceeds of Foreclosure Sales.”
Natural Disasters
The District, like all California communities, may be subject to unpredictable seismic activity, fires, flood, or other natural disasters. Southern California is a seismically active area. Seismic activity represents a potential risk for damage to buildings, roads, bridges and property within the District. In addition, land susceptible to seismic activity may be subject to liquefaction during the occurrence of such event. The property within the District is not located in an Alquist-Priolo Earthquake Study Zone and is not located within one-half mile of an active earthquake fault. Additionally, the District is not located in a flood plain area.

In recent years, wildfires have caused extensive damage throughout the State, including within the County. Certain of these fires have burned thousands of acres and destroyed hundreds and in some cases thousands of homes. In some instances entire neighborhoods have been destroyed. Several fires in recent years damaged or destroyed property in areas that were not previously considered to be at risk from such events.

The District is not located in an area which the Department of Forestry and Fire Protection of the State of California has designated as a high fire hazard severity zone. However, there is a risk of residential property within the District being destroyed by wildfires and no assurance can be given as to the severity or frequency of wildfires within the vicinity of the District. Additionally, property located adjacent to burn areas can be subject to mudslides and flooding, which can cause significant damage and destruction to property.

In the event of a severe earthquake, fire, flood or other natural disaster, there may be significant damage to both property and infrastructure in the District. As a result, a substantial portion of the property owners may be unable or unwilling to pay the Special Taxes when due. In addition, the value of land in the District could be diminished in the aftermath of such a natural disaster, reducing the resulting proceeds of foreclosure sales in the event of delinquencies in the payment of the Special Taxes.

Hazardous Substances
While government taxes, assessments and charges are a common claim against the value of a parcel, other less common claims may also be relevant. One of the most serious in terms of the potential reduction in the value of a parcel is a claim with regard to a hazardous substance. In general, the owners and operators of a parcel may be required by law to remedy conditions relating to releases or threatened releases of hazardous substances. The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, sometimes referred to as “CERCLA” or the “Super Fund Act,” is the most well-known and widely applicable of these laws, but California laws with regard to hazardous substances are also stringent and similar in effect. Under many of these laws, the owner (or operator) is obligated to remedy a hazardous substance condition of a parcel whether or not the owner (or operator) had anything to do with creating or handling the hazardous substance.

The effect, therefore, should any of the parcels within the District be affected by a hazardous substance, is to reduce the marketability and value by the costs of remedying the condition.

The District is not aware of the presence of any federally or state classified hazardous substances in violation of any environmental laws, located on the property within the District. However, it is possible that such materials do currently exist and that the District is not aware of them.

It is possible that property in the District may be liable for hazardous substances in the future as a result of the existence, currently, of a substance presently classified as hazardous but which has not been released or the release of which is not presently threatened, or the existence, currently, on the property of a substance not presently classified as hazardous but which may in the future be so classified. Additionally, such liabilities may Item Title: 12.1
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36 arise not simply from the existence of a hazardous substance but from the method of handling such substance.

All of these possibilities could have the effect of reducing the value of the applicable property.

Enforcement Delays – Bankruptcy
In the event of a delinquency in the payment of the Special Taxes, the District is required to commence enforcement proceedings under the circumstances described under the caption “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Proceeds of Foreclosure Sales.” However, prosecution of such proceedings could be delayed due to crowded local court calendars or by bankruptcy, insolvency and other laws generally affecting creditors’ rights (such as the Soldiers’ and Sailors’ Relief Act of 1940) and by the laws of the State relating to judicial and non-judicial foreclosure. Although bankruptcy proceedings would not cause the liens of the Special Taxes to become extinguished, bankruptcy of a person or entity with an interest in the applicable property could result in a delay in the enforcement proceedings because federal bankruptcy laws provide for an automatic stay of foreclosure and tax sale proceedings. Any such delay could increase the likelihood of delay or default in payment of the principal of and interest on the applicable Bonds. The various legal opinions to be delivered in connection with the issuance of the Bonds, including Bond Counsel’s approving legal opinion, are qualified as to the enforceability of the Bonds and the Indenture by reference to bankruptcy, reorganization, moratorium, insolvency and other laws affecting the rights of creditors generally or against public entities such as the District.

Special Tax Delinquencies
Under provisions of the Act, the Special Taxes, from which funds necessary for the payment of principal of, and interest on, the Bonds are derived, will be billed to the properties within the District on the regular ad valorem property tax bills sent to owners of such properties by the County Tax Collector. The Act currently provides that such Special Tax installments are due and payable, and bear the same penalties and interest for non-payment, as do ad valorem property tax installments.

See APPENDIX E — “SUMMARY OF THE INDENTURE — COVENANTS AND WARRANTY — Covenants” for a discussion of the provisions which apply, and procedures which the District is obligated to follow under the Indenture, in the event of delinquencies in the payment of Special Taxes. See “— FDIC/Federal Government Interests in Parcels” for a discussion of the policy of the Federal Deposit Insurance Corporation regarding the payment of special taxes and assessment and limitations on the District’s ability to foreclose on the lien of the Special Taxes in certain circumstances.

FDIC/Federal Government Interests in Parcels
The ability of the District to collect interest and penalties specified by the Act and to foreclose the lien of delinquent Special Taxes may be limited in certain respects with regard to parcels in which the Federal Deposit Insurance Corporation (the “FDIC”), or other federal government entities such as Fannie Mae or Freddie Mac, has or obtains an interest.

In the case of the FDIC, in the event that any financial institution making a loan which is secured by parcels is taken over by the FDIC and the applicable Special Tax is not paid, the remedies available to the District may be constrained. The FDIC’s policy statement regarding the payment of state and local real property taxes (the “Policy Statement”) provides that taxes other than ad valorem taxes which are secured by a valid lien in effect before the FDIC acquired an interest in a property will be paid unless the FDIC determines that abandonment of its interests is appropriate. The Policy Statement provides that the FDIC generally will not pay installments of non-ad valorem taxes which are levied after the time the FDIC acquires its fee interest, nor will the FDIC recognize the validity of any lien to secure payment except in certain cases where the Resolution Trust Corporation had an interest in property on or prior to December 31, 1995. Moreover, the Policy Statement provides that, with respect to parcels on which the FDIC holds a mortgage lien, the FDIC will not permit its lien Item Title: 12.1
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37 to be foreclosed out by a taxing authority without its specific consent, nor will the FDIC pay or recognize liens for any penalties, fines or similar claims imposed for the nonpayment of taxes.

The FDIC has taken a position similar to that expressed in the Policy Statement in legal proceedings brought against Orange County in United States Bankruptcy Court and in Federal District Court. The Bankruptcy Court issued a ruling in favor of the FDIC on certain of such claims. Orange County appealed that ruling, and the FDIC cross-appealed. On August 28, 2001, the Ninth Circuit Court of Appeals issued a ruling favorable to the FDIC except with respect to the payment of pre-receivership liens based upon delinquent property tax.

The District is unable to predict what effect the application of the Policy Statement would have in the event of a delinquency with respect to parcels in which the FDIC has or obtains an interest, although prohibiting the lien of the FDIC to be foreclosed out at a judicial foreclosure sale would prevent or delay the foreclosure sale.

In the case of Fannie Mae and Freddie Mac, in the event a parcel of taxable property is owned by a federal government entity or federal government sponsored entity, such as Fannie Mae or Freddie Mac, or a private deed of trust secured by a parcel of taxable property is owned by a federal government entity or federal government sponsored entity, such as Fannie Mae or Freddie Mac, the ability to foreclose on the parcel or to collect delinquent Special Taxes may be limited. Federal courts have held that, based on the supremacy clause of the United States Constitution “this Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, anything in the Constitution or Laws of any State to the contrary notwithstanding.” In the absence of Congressional intent to the contrary, a state or local agency cannot foreclose to collect delinquent taxes or assessments if foreclosure would impair the federal government interest. This means that, unless Congress has otherwise provided, if a federal government entity owns a parcel of taxable property but does not pay taxes and assessments levied on the parcel (including Special Taxes), the applicable state and local governments cannot foreclose on the parcel to collect the delinquent taxes and assessments.

Moreover, unless Congress has otherwise provided, if the federal government has a mortgage interest in the parcel and the District wishes to foreclose on the parcel as a result of delinquent Special Taxes, the property cannot be sold at a foreclosure sale unless it can be sold for an amount sufficient to pay delinquent taxes and assessments on a parity with the Special Taxes and preserve the federal government’s mortgage interest. For a discussion of risks associated with taxable parcels within the District becoming owned by the federal government, federal government entities or federal government sponsored entities, see “—Insufficiency of Special Tax Revenues.”
The District’s remedies may also be limited in the case of delinquent Special Taxes with respect to parcels in which other federal agencies (such as the Internal Revenue Service and the Drug Enforcement Administration) have or obtain an interest.

Direct and Overlapping Indebtedness
The ability of an owner of property within the District to pay the applicable Special Taxes could be affected by the existence of other taxes and assessments imposed upon taxable parcels. See “THE DISTRICT — Direct and Overlapping Debt” herein. The City and other public agencies whose boundaries overlap those of the District could impose additional taxes or assessment liens on the property within the District in order to finance public improvements or services to be located or provided inside of or outside of such area. The lien created on the property within the District through the levy of such additional taxes may be on a parity with the lien of the Special Taxes applicable to the property within the District.

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38 The imposition of additional liens on a parity with the Special Taxes may reduce the ability or willingness of property owners to pay the Special Taxes and increase the possibility that foreclosure proceeds will not be adequate to pay delinquent Special Taxes.

Payment of Special Taxes is not a Personal Obligation of the Property Owners An owner of a taxable parcel is not personally obligated to pay Special Taxes. Rather, Special Taxes are an obligation which is secured only by a lien against the taxable parcel. If the value of a taxable parcel is not sufficient, taking into account other liens imposed by public agencies, to secure fully Special Taxes, the District has no recourse against the property owner.

No Acceleration Provision
The Bonds do not contain a provision allowing for the acceleration of the Bonds in the event of a payment default or other default under the terms of the Bonds or the Indenture.

Limited Obligations
The Bonds and interest thereon are not payable from the general funds of the City. Except with respect to the Net Taxes, neither the credit nor the taxing power of the District or the City is pledged for the payment of the Bonds or the interest thereon, and, except as provided in the Indenture, no Owner of the Bonds may compel the exercise of any taxing power by the District or the City or force the forfeiture of any City or District property.

The principal of, premium, if any, and interest on the Bonds are not a debt of the City or a legal or equitable pledge, charge, lien or encumbrance upon any of the City’s or the District’s property or upon any of the City’s or the District’s income, receipts or revenues, except the Net Taxes and other amounts pledged under the Indenture.

The District’s legal obligations with respect to any delinquent Special Taxes are limited to: (i) payments from the Reserve Account to the extent of funds on deposit therein; and (ii) the institution of judicial foreclosure proceedings under certain circumstances with respect to any parcels for which Special Taxes are delinquent. See the caption “SOURCES OF PAYMENT FOR THE BONDS — Special Taxes — Proceeds of Foreclosure Sales.” The Bonds cannot be accelerated in the event of any default.

The obligation to pay Special Taxes does not constitute a personal obligation of the current or subsequent owners of the respective parcels which are subject to such liens. See the caption “— Payment of the Special Tax is Not a Personal Obligation of the Property Owners.” Enforcement of Special Tax payment obligations by the District is limited to judicial foreclosure in the Superior Court of California, County of Riverside. There is no assurance that any current or subsequent owner of a parcel subject to a Special Tax lien will be able to pay the amounts due or that such owner will choose to pay such amounts even though financially able to do so.

Failure by owners of the parcels to pay Special Tax installments when due, delay in foreclosure proceedings, or the inability of the District to sell parcels that have been subject to foreclosure proceedings for amounts sufficient to cover the delinquent installments of Special Taxes levied against such parcels may result in the inability of the District to make full or timely payments of debt service on the Bonds, which may in turn result in the depletion of the Reserve Account. See the caption “— Enforcement Delays — Bankruptcy.” Ballot Initiatives
Articles XIII A, XIII B, XIII C, and XIII D of the California Constitution were adopted pursuant to measures qualified for the ballot pursuant to the State’s constitutional initiative process. From time to time, other initiative measures could be adopted by California voters. The adoption of any such initiative might place Item Title: 12.1
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39 limitations on the ability of the State, the City, or other local agencies to increase revenues or to increase appropriations.

Proposition 218
An initiative measure entitled “The Right to Vote on Taxes Act” (“Proposition 218”) was approved by the voters at the November 5, 1996 statewide general election. Among other things, Proposition 218 added a new Article XIII C to the California Constitution which states that “. . . the initiative power shall not be prohibited or otherwise limited in matters of reducing or repealing any local tax, assessment, fee or charge.” The Act provides for a procedure which includes notice, hearing, protest and voting requirements to alter the rate and method of apportionment of an existing special tax. However, the Act prohibits a legislative body from adopting any resolution to reduce the rate of any special tax or terminate the levy of any special tax pledged to repay any debt incurred pursuant to the Act unless such legislative body determines that the reduction or termination of the special tax would not interfere with the timely retirement of that debt. While the application of Proposition 218 in this context has not yet been interpreted by the courts and the matter is not completely free from doubt, it is not likely that Proposition 218 has conferred on the voters the power to effect a repeal or reduction of the Special Tax if the result thereof would be to impair the security of the Bonds.

It may be possible, however, for voters or the City Council, acting as the legislative body of the District, to reduce the Special Taxes in a manner which does not interfere with the timely repayment of the Bonds, but which does reduce the maximum amount of Special Taxes that may be levied in any year below the existing levels. Therefore, no assurance can be given with respect to the future levy of Special Taxes in amounts greater than the amount necessary for the timely retirement of the Bonds. Nevertheless, to the maximum extent that the law permits it to do so, the District will covenant that it will not initiate proceedings under the Act to reduce the maximum Special Tax rates for the District, unless, in connection therewith, the District receives a certificate from one or more Independent Financial Consultants which, when taken together, certify that: (i) such changes do not reduce the maximum Special Taxes that may be levied in each year on property within the District to an amount which is less than the Administrative Expenses Cap plus 110% of the Annual Debt Service due in each corresponding future Bond Year with respect to the Bonds and Parity Bonds Outstanding as of the date of such proposed reduction; and (ii) the District is not delinquent in the payment of the principal of or interest on the Bonds or any Parity Bonds. The District also will covenant that, in the event an initiative is adopted which purports to reduce or otherwise alter the Rate and Method, it will commence and pursue legal action in order to preserve its ability to comply with the foregoing covenant. However, no assurance can be given as to the enforceability of the foregoing covenants.

Litigation with Respect to Community Facilities Districts Shapiro. The California Court of Appeal, Fourth Appellate District, Division One, issued its opinion in City of San Diego v. Melvin Shapiro (2014) 228 Cal.App.4th 756 (the “San Diego Decision”). The case involved a Convention Center Facilities District (the “CCFD”) established by the City of San Diego (“San Diego”). The CCFD is a financing district much like a community facilities district established under the provisions of the Act. The CCFD is comprised of all of the real property in San Diego. However, the special tax to be levied within the CCFD was to be levied only on hotel properties located within the CCFD.

The election authorizing the special tax was limited to owners of hotel properties and lessees of real property owned by a governmental entity on which a hotel is located. Thus, the election was not a registered voter election. Such approach to determining who would constitute the qualified electors of the CCFD was modeled after Section 53326(c) of the Act, which generally provides that, if a special tax will not be apportioned in any tax year on residential property, the legislative body may provide that the vote shall be by the landowners of the proposed district whose property would be subject to the special tax. The Court held that the CCFD special tax election was invalid under the California Constitution because Article XIIIA, Section 4 thereof and Article XIIIC, Section 2 thereof require that the electors in such an election be the registered voters within the district.

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40 Horizon. The Sacramento County Superior Court issued a ruling in Horizon Capital Investments, LLC v. City of Sacramento et al. (Case No. 34-2017-80002661), which was a case involving an election to approve the levy of a special tax within a community facilities district (“CFD”) formed under the Act.

In 2017, the City of Sacramento initiated proceedings to form a CFD to finance certain costs to operate and maintain a streetcar line. As permitted by the Act, the proposed district included non-contiguous parcels of non-residential property. Because there were fewer than 12 registered voters residing within the territory of the proposed CFD, the City Council submitted the special tax proposed to be levied within the proposed CFD to the owners of land within the proposed CFD, as required by the Act. The proposed special tax received the requisite two-thirds vote in the landowner election.

Petitioners Horizon Capital Investments, LLC et al. filed a writ of mandate and complaint for reverse validation and declaratory relief. Petitioners argued, and the superior court agreed in its final ruling, that under section 4(a) of article XIII A of the California Constitution (which provides that “Cities, Counties and special districts, by a two-thirds vote of the qualified electors of such district [sic], may impose special taxes on such district…”) the phrase “qualified electors” means the registered voters of the entire City of Sacramento and not just the owners of the property within the boundaries of the proposed CFD. Citing the San Diego Decision, the tentative ruling states that the phrase “qualified electors of the district” refers to the registered voters of the entity imposing the special tax, which in this case was the City of Sacramento. Because the vote within the proposed CFD was by landowners only and not by all registered voters in the City of Sacramento, the final ruling states that the special tax is invalid.

The superior court’s final ruling is not binding upon other courts within the State and does not directly apply to the District, the Special Taxes, or the Bonds. The City of Sacramento did not appeal the superior court’s ruling.

The Special Tax Election in the District. With respect to the San Diego Decision, the facts of such case show that there were thousands of registered voters within the CCFD (viz., all of the registered voters in San Diego). The election held in the District had less than 12 registered voters at the time of the election to authorize the Special Taxes. In the San Diego Decision, the court expressly stated that it was not addressing the validity of landowner voting to impose special taxes pursuant to the Act in situations where there are fewer than 12 registered voters. Thus, by its terms, the court’s holding in the San Diego Decision does not apply to the Special Tax election in the District. Moreover, Section 53341 of the Act provides that any “action or proceeding to attack, review, set aside, void or annul the levy of a special tax…shall be commenced within 30 days after the special tax is approved by the voters.” Similarly, Section 53359 of the Act provides that any action to determine the validity of bonds issued pursuant to the Act be brought within 30 days of the voters approving the issuance of such bonds. The petitioners in Horizon filed the writ of mandate within 30 days of the landowner election.

Voters in the District approved Special Tax on September 21, 2022. Based on Sections 53341 and 53359 of the Act and analysis of existing laws, regulations, rulings and court decisions, the District believes that no successful challenge to the Special Tax being levied in accordance with the Rate and Method may now be brought. In connection with the issuance of the Bonds, Bond Counsel expects to deliver its opinion in the proposed form attached hereto as Appendix C.

Loss of Tax Exemption
As discussed under the heading “TAX MATTERS,” interest on the Bonds could cease to be excluded from gross income for purposes of federal income taxation, retroactive to the date the Bonds were issued, as a result of future acts or omissions of the District or the City. In addition, it is possible that future changes in applicable federal tax laws could cause interest on the Bonds to be included in gross income for federal income taxation or could otherwise reduce the equivalent taxable yield of such interest and thereby reduce the value of the Bonds.

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41 No Ratings – Limited Secondary Market
The District has not applied to have the Bonds rated by any nationally recognized bond rating company, and it does not expect to do so in the future.

There can be no guarantee that there will be a secondary market for the Bonds or, if a secondary market exists, that such Bonds can be sold for any particular price. Although the District has committed to provide certain financial and operating information on an annual basis, there can be no assurance that such information will be available to Bond owners on a timely basis. The failure to provide the required annual financial information does not give rise to monetary damages but merely an action for specific performance. Occasionally, because of general market conditions, lack of current information, the absence of a credit rating for the Bonds or because of adverse history or economic prospects connected with a particular issue, secondary marketing practices in connection with a particular issue are suspended or terminated. Additionally, prices of issues for which a market is being made will depend upon then prevailing circumstances. Such prices could be substantially different from the original purchase price.

Limitations on Remedies
Remedies available to the Owners of the Bonds may be limited by a variety of factors and may be inadequate to assure the timely payment of principal of and interest on the Bonds or to preserve the tax-exempt status of interest on the Bonds.

Bond Counsel has limited its opinion as to the enforceability of the Bonds and of the Indenture to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or other similar laws affecting generally the enforcement of creditor’s rights, by equitable principles and by the exercise of judicial discretion and by limitations on remedies against public agencies in the State of California. The lack of availability of certain remedies or the limitation of remedies may entail risks of delay, limitation or modification of the rights of the Owners.

Potential Early Redemption of Bonds from Prepayments or Community Facilities District Bond Proceeds
Property owners within the District are permitted to prepay their Special Taxes at any time. Such prepayments could also be made from the proceeds of bonds issued by or on behalf of an overlapping community facilities district. Such prepayments will result in a redemption of the Bonds on the Interest Payment Date for which timely notice may be given under the Indenture following the receipt of the prepayment. The resulting redemption of Bonds that were purchased at a price greater than par could reduce the otherwise expected yield on such Bonds. See the caption “THE BONDS — Redemption — Special Mandatory Redemption from Special Tax Prepayments.”
Cybersecurity
The City, like many other public and private entities, rely on computer and other digital networks and systems to conduct their operations. The City is potentially subject to multiple cyber threats, including without limitation hacking, viruses, ransomware, malware and other attacks. No assurance can be given that the efforts of the City to manage cyber threats and attacks will be successful in all cases, or that any such attack will not materially impact the operations or finances of the City, or the administration of the Bonds. The City is also reliant on other entities and service providers in connection with the administration of the Bonds, including without limitation, the County tax collector for the levy and collection of Special Taxes and the Trustee. No assurance can be given that the City and these other entities will not be affected by cyber threats and attacks in a manner that may affect the levy and collection of Special Taxes or the payment of debt service on the Bonds.

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42 The City has established cybersecurity risk management policies and procedures and also conducts ongoing cybersecurity awareness training for all employees.

CONTINUING DISCLOSURE
District Continuing Disclosure
Pursuant to a Continuing Disclosure Certificate, dated as of June 1, 2025 (the “Disclosure Certificate”), to be executed and delivered by the District at the time of issuance of the Bonds, the District will covenant for the benefit of the holders and Beneficial Owners of the Bonds to provide certain financial information and operating data relating to the District by March 1 following the end of the District’s Fiscal Year (currently its Fiscal Year ends on June 30) (the “Annual Report”), commencing with the Annual Report for the Fiscal Year ending June 30, 2025, and to provide notices of the occurrence of certain enumerated events. The Annual Report and the notices of enumerated events will be filed by the District with EMMA. The specific nature of the information to be contained in the Annual Report and the notice of enumerated events is set forth in Appendix F — “FORM OF DISTRICT CONTINUING DISCLOSURE CERTIFICATE.” These covenants have been made in order to assist the Underwriter in complying with subsection (b)(5) of Rule 15c2-12.

The District has not had any continuing disclosure undertakings outstanding during the previous five- year period. The City has retained Spicer Consulting Group, LLC to serve as Dissemination Agent for the continuing disclosure undertaking related to the Bonds, and has adopted policies and procedures with respect to its continuing disclosure practices.

Developer Continuing Disclosure
The Underwriter does not consider Century Communities to be an “obligated person” with respect to the Bonds for purposes of the Rule. Notwithstanding the foregoing, to provide updated information with respect to the development within the District, Century Communities will execute a continuing disclosure certificate (the “Developer Continuing Disclosure Certificate”) pursuant to which it will covenant to provide semiannual reports until satisfaction of certain conditions set forth in the Developer Continuing Disclosure Certificate. The semiannual reports to be provided by Century Communities will contain updates regarding the development within the District as outlined in Section 4 of the Developer Continuing Disclosure Certificate attached hereto as APPENDIX G. In addition to its semiannual reports, Century Communities will agree to provide notices of certain events set forth in the Developer Continuing Disclosure Certificate.

Century Communities’ obligations under the Developer Continuing Disclosure Certificate will terminate upon the earliest to occur of: (a) the legal defeasance, prior redemption or payment in full of all the Bonds; or (b) at such time as Century Communities has conveyed 101 residential units in the District to individual homeowners.

TAX MATTERS
In the opinion of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California (“Bond Counsel”), under existing statutes, regulations, rulings and judicial decisions, and assuming the accuracy of certain representations and compliance with certain covenants and requirements described herein, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes, and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals.

However, it should be noted that, with respect to applicable corporations as defined in Section 59(k) of the Internal Revenue Code of 1986, as amended (the “Code”), generally certain corporations with more than $1,000,000,000 of average annual adjusted financial statement income, interest (and original issue discount) with respect to the Bonds might be taken into account in determining adjusted financial statement income for purposes of computing the alternative minimum tax imposed by Section 55 of the Code on such corporations.

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43 In the further opinion of Bond Counsel, interest (and original issue discount) on the Bonds is exempt from State of California personal income tax.

In the opinion of Bond Counsel, the difference between the issue price of a Bond (the first price at which a substantial amount of the Bonds of a maturity is to be sold to the public) and the stated redemption price at maturity of such Bond constitutes original issue discount. Original issue discount accrues under a constant yield method, and original issue discount will accrue to a Beneficial Owner before receipt of cash attributable to such excludable income. The amount of original issue discount deemed received by a Beneficial Owner will increase the Beneficial Owner’s basis in the applicable Bond.

Bond Counsel’s opinion as to the exclusion from gross income of interest (and original issue discount) on the Bonds is based upon certain representations of fact and certifications made by the District, the City and others and is subject to the condition that the District, the City and others making such representations comply with all requirements of the Code that must be satisfied subsequent to the issuance of the Bonds to assure that interest (and original issue discount) on the Bonds will not become includable in gross income for federal income tax purposes. Failure to comply with such requirements of the Code might cause the interest (and original issue discount) on the Bonds to be included in gross income for federal income tax purposes retroactive to the date of issuance of the Bonds. The District and the City will covenant to comply with all such requirements.

The amount by which a Beneficial Owner’s original basis for determining loss on sale or exchange in the applicable Bond (generally, the purchase price) exceeds the amount payable on maturity (or on an earlier call date) constitutes amortizable Bond premium, which must be amortized under Section 171 of the Code; such amortizable Bond premium reduces the Beneficial Owner’s basis in the applicable Bond (and the amount of tax-exempt interest received), and is not deductible for federal income tax purposes. The basis reduction as a result of the amortization of Bond premium may result in a Beneficial Owner realizing a taxable gain when a Bond is sold by the Beneficial Owner for an amount equal to or less (under certain circumstances) than the original cost of the Bond to the Beneficial Owner. Purchasers of the Bonds should consult their own tax advisors as to the treatment, computation and collateral consequences of amortizable Bond premium.

The Internal Revenue Service (the “IRS”) has initiated an expanded program for the auditing of tax- exempt bond issues, including both random and targeted audits. It is possible that the Bonds will be selected for audit by the IRS. It is also possible that the market value of the Bonds might be affected as a result of such an audit of the Bonds (or by an audit of other similar bonds). No assurance can be given that in the course of an audit, as a result of an audit, or otherwise, Congress or the IRS might not change the Code (or interpretation thereof) subsequent to the issuance of the Bonds to the extent that it adversely affects the exclusion from gross income of interest (and original issue discount) on the Bonds or their market value.

SUBSEQUENT TO THE ISSUANCE OF THE BONDS THERE MIGHT BE FEDERAL, STATE, OR

LOCAL STATUTORY CHANGES (OR JUDICIAL OR REGULATORY CHANGES TO OR

INTERPRETATIONS OF FEDERAL, STATE, OR LOCAL LAW) THAT AFFECT THE FEDERAL, STATE,

OR LOCAL TAX TREATMENT OF THE BONDS INCLUDING THE IMPOSITION OF ADDITIONAL

FEDERAL INCOME OR STATE TAXES BEING IMPOSED ON OWNERS OF TAX-EXEMPT STATE OR LOCAL OBLIGATIONS, SUCH AS THE BONDS. THESE CHANGES COULD ADVERSELY AFFECT THE MARKET VALUE OR LIQUIDITY OF THE BONDS. NO ASSURANCE CAN BE GIVEN THAT

SUBSEQUENT TO THE ISSUANCE OF THE BONDS STATUTORY CHANGES WILL NOT BE

INTRODUCED OR ENACTED OR JUDICIAL OR REGULATORY INTERPRETATIONS WILL NOT OCCUR HAVING THE EFFECTS DESCRIBED ABOVE. BEFORE PURCHASING ANY OF THE BONDS,

ALL POTENTIAL PURCHASERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING

POSSIBLE STATUTORY CHANGES OR JUDICIAL OR REGULATORY CHANGES OR INTERPRETATIONS, AND THEIR COLLATERAL TAX CONSEQUENCES RELATING TO THE BONDS.

Bond Counsel’s opinions may be affected by actions taken (or not taken) or events occurring (or not occurring) after the date of issuance of the Bonds. Bond Counsel has not undertaken to determine, or to inform Item Title: 12.1
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44 any person, whether any such actions or events are taken or do occur. The Indenture and the Tax Certificate relating to the Bonds permit certain actions to be taken or to be omitted if a favorable opinion of Bond Counsel is provided with respect thereto. Bond Counsel expresses no opinion as to the effect on the exclusion from gross income of interest (and original issue discount) on the Bonds for federal income tax purposes with respect to any Bond if any such action is taken or omitted based upon the advice of counsel other than Stradling Yocca Carlson & Rauth LLP.

Although Bond Counsel will render an opinion that interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes provided that the District and the City continue to comply with certain requirements of the Code, the ownership of the Bonds and the accrual or receipt of interest (and original issue discount) with respect to the Bonds may otherwise affect the tax liability of certain persons.

Bond Counsel expresses no opinion regarding any such tax consequences. Accordingly, before purchasing any of the Bonds, all potential purchasers should consult their tax advisors with respect to collateral tax consequences relating to the Bonds.

Should interest on the Bonds (including any original issue discount) become includable in gross income for federal income tax purposes, the Bonds are not subject to early redemption and will remain outstanding until maturity or until redeemed in accordance with the Indenture.

A copy of the proposed form of opinion of Bond Counsel is attached hereto as Appendix C.

LEGAL OPINION
The legal opinion of Bond Counsel approving the validity of the Bonds, in substantially the form set forth as Appendix C hereto, will be made available to purchasers of the Bonds at the time of original delivery of the Bonds. Certain legal matters will be passed upon for the City and the District by Rutan & Tucker, LLP, Irvine, California, City Attorney, and for the District by Stradling Yocca Carlson & Rauth LLP, Disclosure Counsel, for the Underwriter by Kutak Rock LLP, Irvine, California, and for the Trustee by its counsel. Bond Counsel undertakes no responsibility to the purchasers of the Bonds for the accuracy, completeness or fairness of this Official Statement.

ABSENCE OF LITIGATION
In connection with the issuance of the Bonds, the City Attorney will deliver an opinion to the effect that, to their actual knowledge, after due inquiry and investigation, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body, pending or threatened, or any unfavorable decision, ruling or finding, against or affecting the District, which would affect the validity of the Bonds or the Indenture, or contest the authority of the District to enter into or perform its obligations under the Bonds or the Indenture, or affects in any manner the right or ability of the District to collect the Special Taxes or pledge the Net Taxes levied within the District for the repayment of the Bonds.

NO RATING
The District has not made, and does not contemplate making, an application to any rating organization for the assignment of a rating on the Bonds.

UNDERWRITING
The Bonds are being purchased by Stifel, Nicolaus & Company, Incorporated (the “Underwriter”). The Underwriter has agreed to purchase the Bonds at a price of $_____ (being the $_____ aggregate principal amount of the Bonds, less an Underwriter’s discount of $_____, plus net original issue premium of $_____). The Bond Purchase Agreement relating to the Bonds provides that the Underwriter will purchase all of the Bonds if any are purchased, the obligation to make such purchase being subject to certain terms and conditions set forth in the Item Title: 12.1
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45 Bond Purchase Agreement, the approval of certain legal matters by counsel and certain other conditions. The Underwriter’s compensation is contingent upon the successful issuance of the Bonds.

Under certain circumstances, the Underwriter may offer and sell the Bonds to certain dealers and others at prices lower or yields higher than those stated on the page immediately following the cover page of this Official Statement. The offering prices may be changed from time to time by the Underwriter.

The Underwriter and its affiliates comprise a full-service financial institution engaged in activities which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non- financial activities and services. The Underwriter and its affiliates may have provided, and may in the future provide, a variety of these services to the City and to persons and entities with relationships with the City, for which they received or will receive customary fees and expenses.

In the ordinary course of these business activities, the Underwriter and its affiliates may purchase, sell or hold a broad array of investments and actively trade securities, derivatives, loans and other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to assets, securities and/or instruments of the City (directly, as collateral securing other obligations or otherwise) and/or persons and entities with relationships with the City.

The Underwriter and its affiliates may also communicate independent investment recommendations, market color or trading ideas and/or publish or express independent research views in respect of such assets, securities or instruments and may at any time hold, or recommend to clients that they should acquire such assets, securities and instruments. Such investment and securities activities may involve securities and instruments of the City.

FINANCIAL INTERESTS
The fees being paid to the Underwriter and its counsel, Bond Counsel, Disclosure Counsel and the Trustee are contingent upon the issuance and delivery of the Bonds. From time to time, Stradling Yocca Carlson & Rauth LLP, represents the Underwriter on matters unrelated to the Bonds.

MUNICIPAL ADVISOR
The District has retained Urban Futures, Inc., Walnut Creek, California, as Municipal Advisor for the sale of the Bonds. The Municipal Advisor is not obligated to undertake, and has not undertaken to make, an independent verification or to assume any responsibility for the accuracy, completeness or fairness of the information contained in this Official Statement.

Urban Futures, Inc., is an independent advisory firm and is not engaged in the business of underwriting, trading or distributing municipal or other public securities.

MISCELLANEOUS
So far as any statements made in this Official Statement involve matters of opinion, assumptions, projections, anticipated events or estimates, whether or not expressly stated, they are set forth as such and not as presentations of fact, and actual results may differ substantially from those set forth therein. Neither this Official Statement nor any statement that may have been made verbally or in writing is to be construed as a contract with the Owners of the Bonds.

The summaries of certain provisions of the Bonds, statutes and other documents or agreements referred to in this Official Statement do not purport to be complete, and reference is made to each of them for a complete statement of their provisions. Copies are available for review by making requests to the City.

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46 The execution and delivery of this Official Statement by the City Manager of the City has been duly authorized by the City Council of the City acting in its capacity as the legislative body of the District.

COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE) OF THE CITY OF

MENIFEE
By:

Armando G. Villa
City Manager of the City of Menifee
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A-1

APPENDIX A

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
COMMUNITY FACILITIES DISTRICT NO. 2022-2

OF THE CITY OF MENIFEE (MCLAUGHLIN VILLAGE)
A Special Tax (all capitalized terms not otherwise defined herein are defined in Section A, “Definitions”, below) shall be applicable to each Assessor’s Parcel of Taxable Property located within the boundaries of the City of Menifee Community Facilities District No. 2022-2 (McLaughlin Village) (“CFD No. 2022-2”). The amount of Special Tax to be levied in each Fiscal Year on an Assessor’s Parcel shall be determined by the City Council of the City of Menifee, acting in its capacity as the legislative body of CFD No. 2022-2, by applying the appropriate Special Tax for Developed Property, Approved Property, Undeveloped Property, and Provisional Undeveloped Property that is not Exempt Property as set forth below. All of the real property, unless exempted by law or by the provisions hereof in Section F, 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 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 map, parcel map, condominium plan, or other recorded County parcel map or instrument. 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, as amended, being Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code of the State of California. “Administrative Expenses” means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2022-2: the costs of computing the Special Taxes and preparing the Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collecting the Special Taxes (whether by the City or otherwise); the costs of remitting Special Taxes to the Trustee; the costs of the Trustee (including legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2022-2 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2022-2 or any designee thereof of complying with continuing disclosure requirements of the City, CFD No. 2022-2 and any major property owner associated with applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2022-2 or any designee thereof related to an appeal of the Special Tax; the costs associated with the release of funds from an escrow account; and the City’s annual administration fees and third party expenses. Administration Expenses shall also include amounts estimated by the CFD Administrator or advanced by the City or CFD No. 2022-2 for any other administrative purposes of CFD No. 2022-2, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes.
“Approved Property” means all Assessor’s Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to the January 1st preceding the Fiscal Year in which the Special Tax is being levied, (ii) that have an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) that have not been issued a building permit on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. “Assessor’s Parcel” means a lot or parcel of land designated on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.

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A-2
“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” means that number assigned to an Assessor’s Parcel by the County for purposes of identification.
“Assigned Special Tax” means the Special Tax of that name described in Section D below. “Backup Special Tax” means the Special Tax of that name described in Section D below. “Bonds” means any obligation to repay a sum of money, including obligations in the form of bonds, certificates of participation, long-term leases, loans from government agencies, or loans from banks, other financial institutions, private businesses, or individuals, or long-term contracts, or any refunding thereof, to which the Special Tax of CFD No. 2022-2 have been pledged.
“Boundary Map” means a recorded map of the CFD which indicates the boundaries of the CFD. “Building Permit” means the first legal document issued by the City giving official permission for new construction. For purposes of this definition, “Building Permit” may or may not include expired or cancelled building permits, or any subsequent building permit document(s) authorizing new construction on an Assessor’s Parcel that are issued or changed by the City after the first original issuance, as determined by the CFD Administrator, provided that following such determination the Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property will be at least 1.1 times annual debt service on all outstanding Bonds plus the estimated annual Administrative Expenses.
“Building Square Footage” or “BSF” means the square footage of assessable internal living space, exclusive of garages or other structures not used as living space, as determined by reference to the Building Permit for such Assessor’s Parcel.
“Calendar Year” means the period commencing January 1 of any year and ending the following December 31. “CFD” or “CFD No. 2022-2” means Community Facilities District No. 2022-1 (McLaughlin Village) established by the City under the Act.
“CFD Administrator” means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement, and providing for the levy and collection of the Special Taxes. “City” means the City of Menifee, State of California.
“City Council” means the City Council of the City of Menifee, acting as the legislative body of CFD No. 2022-2. “Condominium Plan” means a condominium plan pursuant to California Civil Code, Section 6624. “County” means the County of Riverside, State of California. “Developed Property” means all Assessor’s Parcels that: (i) are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, (ii) have an Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) for which a Building Permit for new construction was issued on or before May 1 st preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessor’s Parcels designated as being exempt from Special Taxes as provided for in Section F.

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A-3
“Final Map” means a subdivision of property by recordation of a final map, 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 Section 6624 that creates individual lots for which Building Permits may be issued without further subdivision. “Fiscal Year” means the period commencing on July 1st of any year and ending the following June 30th. “Indenture” means the indenture, fiscal agent agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.
“Land Use Category” means any of the categories listed in Table 1 of Section D. “Maximum Special Tax” means for each Assessor’s Parcel, the maximum Special Tax, determined in accordance with Section D below, that can be levied by CFD No. 2022-2 on such Assessor’s Parcel. “Multifamily Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for the purpose of constructing a building or buildings comprised of attached Residential Units available for rental by the general public, not for sale to an end user, and under common management, as determined by the CFD Administrator.
“Non-Residential Property” means all Assessor's Parcels of Developed Property for which a Building Permit(s) was issued for a non-residential use. The CFD Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property.
“Partial Prepayment Amount” means the amount required to prepay a portion of the Special Tax obligation for an Assessor’s Parcel, as described in Section G.2.
“Prepayment Amount” means the amount required to prepay the Special Tax obligation in full for an Assessor’s Parcel, as described in Section G.1.
“Proportionately” means for Taxable Property that is (i) Developed Property, that the ratio of the actual Special Tax levy to the Assigned Special Tax is the same for all Assessor’s Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels of Approved Property, and (iii) Undeveloped Property or Provisional Undeveloped Property, that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Assessor’s Parcels of Undeveloped Property or Provisional Undeveloped Property, as applicable. “Provisional Undeveloped Property” means all Assessor’s Parcels of Taxable Property that would otherwise be classified as Exempt Property pursuant to the provisions of Section F, but cannot be classified as Exempt Property because to do so would be reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in Section F.
“Residential Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for purposes of constructing one or more Residential Units. “Residential Unit” or “RU” means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the CFD Administrator.
“RMA” means this Rate and Method of Apportionment of Special Taxes. “Single Family Residential Property” means all Assessor’s Parcels of Residential Property other than Multifamily Property.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 68

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June 4, 2025
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“Special Tax” or “Special Taxes” means any of the special taxes authorized to be levied within CFD No. 2022-2 pursuant to the Act to fund the Special Tax Requirement. “Special Tax Requirement “ means the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding Bonds due in the Calendar Year that commences in such Fiscal Year, (ii) Administrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount required to replenish any reserve funds established in association with the Bonds (provided that the same amount was not previously levied), (v) an amount up to any anticipated shortfall due to Special Tax delinquencies and (vi) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by CFD No. 2022-2 or the payment of debt service on Bonds anticipated to be issued, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property as set forth in Steps Two or Three of Section E., less (vii) any amounts available to pay debt service or other periodic costs on the Bonds pursuant to the Indenture. “Taxable Property” means all Assessor’s Parcels within CFD No. 2022-2, which are not Exempt Property. “Taxable Unit” means either a Residential Unit or an Acre. “Trustee” means the trustee, fiscal agent, or paying agent under the Indenture. “Undeveloped Property” means all Assessor’s Parcels of Taxable Property which are not Developed Property, Approved Property, or Provisional Undeveloped Property.

B. SPECIAL TAX
Commencing Fiscal Year 2022-2023 and for each subsequent Fiscal Year, the City Council shall levy Special Taxes on all Taxable Property, up to the applicable Maximum Special Tax, to fund the Special Tax Requirement.

C. ASSIGNMENT TO LAND USE CATEGORY FOR SPECIAL TAX
Each Fiscal Year, beginning with Fiscal Year 2022-2023, each Assessor’s Parcel within CFD No. 2022-2 shall be classified as Taxable Property or Exempt Property. In addition, each Assessor’s Parcel of Taxable Property shall be further classified as Developed Property, Approved Property, Undeveloped Property or Provisional Undeveloped Property.

Assessor’s Parcels of Developed Property shall further be classified as Residential Property or Non-Residential Property. Each Assessor’s Parcel of Residential Property shall further be classified as a Single Family Residential Property or Multifamily Property. Each Assessor’s Parcel of Single Family Residential Property shall be further assigned to a Land Use Category based on its Building Square Footage.

In the event that there are Assessor’s Parcel(s) for which one or more Building Permits for Residential Units have been issued and the County has not yet assigned final Assessor’s Parcel Number(s) to such Assessor’s Parcel(s) (in accordance with the Final Map or Condominium Plan), the amount of the Special Tax levy on such Assessor’s Parcel for each Fiscal Year shall be determined as follows: (1) the CFD Administrator shall first determine an amount of the Maximum Special Tax for such Assessor’s Parcel, based on the classification of such Assessor’s Parcel as Undeveloped Property; (2) the amount of the Special Tax for the Residential Units on such Assessor’s Parcel for which Building Permits have been issued shall be determined based on the Developed Property Special Tax rates and such amount shall be levied as Developed Property in accordance with Step 1 of Section E below; and (3) the amount of the Special Tax on the Taxable Property in such Assessor’s Parcel not subject to the Special Tax levy in clause (2) shall be equal to: (A) the percentage of the Maximum Special Tax rate levied on Undeveloped Property pursuant to Step 3 of Section E below, multiplied by the total of the amount determined in clause (1), less (B) the amount determined in clause (2).

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 69

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June 4, 2025
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D. MAXIMUM SPECIAL TAX

1. Developed Property
The Maximum Special Tax for each Assessor’s Parcel of Single Family Residential Property in any Fiscal Year shall be the greater of (i) the Assigned Special Tax for such Assessor’s Parcel or (ii) the Backup Special Tax.

The Maximum Special Tax for each Assessor’s Parcel of Multifamily Property and Non-Residential Property shall be the applicable Assigned Special Tax described in Table 1 of Section D. a. Assigned Special Tax
Each Fiscal Year, each Assessor’s Parcel of Single Family Residential Property, Multifamily Property or Non-Residential Property shall be subject to an Assigned Special Tax. The Assigned Special Tax for Fiscal Year 2022-2023 applicable to an Assessor's Parcel of Developed Property shall be determined pursuant to Table 1 below.

TABLE 1

ASSIGNED SPECIAL TAX FOR DEVELOPED PROPERTY
FISCAL YEAR 2022-2023

LAND USE CATEGORY

TAXABLE
UNIT

BUILDING SQUARE

FOOTAGE

ASSIGNED

SPECIAL TAX
PER

TAXABLE
UNIT

1. Single Family Residential Property RU Less than 2,100 sq. ft $2,415.00

2. Single Family Residential Property RU 2,100 sq. ft to 2,300 sq. ft $2,461.00

3. Single Family Residential Property RU Greater than 2,300 sq. ft $2,506.00

4. Multifamily Property Acre N/A $49,979.00

5. Non-Residential Property Acre N/A $49,979.00
On each July 1, commencing July 1, 2023, the Assigned Special Tax rate for Developed Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year. b. Multiple Land Use Categories
In some instances an Assessor’s Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax levied on an Assessor’s Parcel shall be the sum of the Maximum Special Tax for each Taxable Unit for all Land Use Categories located on the Assessor’s Parcel. The CFD Administrator’s allocation to each type of property shall be final. c. Backup Special Tax
The Backup Special Tax for an Assessor’s Parcel within a Final Map classified as Single Family Residential Property or Approved Property expected to be classified as Single Family Residential Property shall calculated according to the following formula.

B = (U x A) / L
The terms above have the following meanings:

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 70

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June 4, 2025
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B = Backup Special Tax per Assessor’s Parcel classified as Single Family Residential Property or Approved Property expected to be classified as Single Family Residential Property within the Final Map.

U = Maximum Special Tax per Acre of Undeveloped Property per Section D.3 below.

A = Acreage of Single Family Residential Property expected to exist after build out in such Final Map at the time of calculation, as determined by the Administrator L = Number of Assessor’s Parcels of Single Family Residential Property expected to exist after build out in such Final Map at the time of calculation, as determined by the Administrator.

In the event any portion of the Final Map is changed or modified, the Backup Special Tax for all Assessor’s Parcels within such changed or modified area shall be $49,979 per Acre.

Notwithstanding the foregoing, the Backup Special Tax for an Assessor’s Parcel of Developed Property for which a certificate of occupancy has been granted may not be revised.

In the event any superseding Final Map is recorded as a Final Map within the boundaries of the CFD, the Backup Special Tax for all Assessor’s Parcels within such Final Map shall be $49,979 per Acre. The Backup Special Tax shall not apply to Multifamily Residential Property or Non-Residential Property.

On each July 1, commencing July 1, 2023, the Backup Special Tax rate shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

2. Approved Property
The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Single Family Residential Property shall be the Backup Special Tax computed pursuant to Section D.1.c above.

The Maximum Special Tax for each Assessor’s Parcel of Approved Property not expected to be classified as Single Family Residential Property shall be $49,979 per Acre.

On each July 1, commencing July 1, 2023, the Maximum Special Tax rate for Approved Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

3. Undeveloped Property and Provisional Undeveloped Property The Maximum Special Tax for each Assessor’s Parcel of Undeveloped Property and Provisional Undeveloped Property shall be $49,979 per Acre.

On each July 1, commencing July 1, 2023, the Maximum Special Tax rate for Undeveloped Property and Provisional Undeveloped Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

E. METHOD OF APPORTIONMENT OF THE SPECIAL TAX
Commencing Fiscal Year 2022-2023 and for each subsequent Fiscal Year, the City Council shall levy Special Taxes on all Taxable Property in accordance with the following steps:

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 71

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June 4, 2025
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Step One: The Special Tax shall be levied Proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Assigned Special Tax rates in Table 1 to satisfy the Special Tax Requirement.

Step Two: If additional moneys are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Approved Property at up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Step Three: If additional moneys are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Step Four: If additional moneys are needed to satisfy the Special Tax Requirement after the first three steps have been completed, then the Special Tax levy on each Assessor's Parcel of Developed Property for which the Maximum Special Tax is the Backup Special Tax shall be increased in equal percentages from the Assigned Special Tax up to 100% of the Backup Special Tax as needed to satisfy the Special Tax Requirement.

Step Five: If additional moneys are needed to satisfy the Special Tax Requirement after the first four steps have been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Provisional Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

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

F. EXEMPTIONS
The City shall classify as Exempt Property, in the following order of priority, (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by the State of California, Federal or other local governments, including school districts, (ii) Assessor’s Parcels which are used as places of worship and are exempt from ad valorem property taxes because they are owned by a religious organization, (iii) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by a homeowners' association, (iv) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement, (v) Assessor’s Parcels which are privately owned and are encumbered by or restricted solely for public uses, (vi) Assessor’s Parcels which are classified as Non-Residential Property or (vii) Assessor’s Parcels restricted to other types of public uses determined by the City Council, provided that no such classification would reduce the sum of all Taxable Property to less than 6.20 Acres.

Notwithstanding the above, the City Council shall not classify an Assessor’s Parcel as Exempt Property if such classification would reduce the sum of all Taxable Property to less than 6.20 Acres. Assessor's Parcels which cannot be classified as Exempt Property because such classification would reduce the Acreage of all Taxable Property to less than 6.20 Acres will be classified as Provisional Undeveloped Property, and will be subject to Special Tax pursuant to Step Five in Section E.

G. PREPAYMENT OF SPECIAL TAX
The following additional definitions apply to this Section G:

Item Title: 12.1
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June 4, 2025
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“CFD Facilities” means $4,000,000 expressed in 2022 dollars, which shall increase by the Construction Inflation Index on July 1, 2023, and on each July 1 thereafter, or such lower amount (i) determined by the City Council as sufficient to provide the facilities under the authorized bonding program for CFD No. 2022-2, or (ii) determined by the City Council concurrently with a covenant that it will not issue any more Bonds to finance additional facilities to be supported by Special Tax levied under this Rate and Method of Apportionment. “Construction Fund” means an account specifically identified in the Indenture or functionally equivalent to hold funds, which are available for expenditure to acquire or construct facilities eligible to be financed by CFD No. 2022-2.
“Construction Inflation Index” means the greater of (i) 2% and (ii) the annual percentage change in the Engineering News-Record Building Cost Index for the city of Los Angeles, measured as of the Calendar Year which ends in the previous Fiscal Year. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the City that is reasonably comparable to the Engineering News- Record Building Cost Index for the City of Los Angeles. “Future Facilities Costs” means the CFD Facilities minus (i) amounts deposited in the Construction Fund, (ii) amounts deposited in any escrow accounts funded by the Outstanding Bonds and anticipated to fund public facilities costs, and (iii) public facility costs funded by interest earnings on the Construction Fund actually earned prior to the date of prepayment, but in no event shall such amount be less than zero. “Outstanding Bonds” means all previously issued Bonds issued and secured by the levy of Special Tax which will remain outstanding after the first interest and/or principal payment date following the current Fiscal Year, excluding Bonds to be redeemed at a later date with the proceeds of prior prepayments of Special Tax.

1. Prepayment in Full
The Special Tax obligation may be prepaid and permanently satisfied for (i) Assessor’s Parcels of Developed Property, (ii) Assessor’s Parcels of Approved Property or Undeveloped Property for which a Building Permit has been issued, (iii) Assessor’s Parcels of Approved Property or Undeveloped Property for which a Building Permit has not been issued and (iv) Assessor’s Parcels of Provisional Undeveloped Property. The Special Tax obligation applicable to an Assessor’s Parcel may be fully prepaid and the obligation to pay the Special Tax for such Assessor’s Parcel permanently satisfied as described herein; provided that a prepayment may be made only if there are no delinquent Special Taxes with respect to such Assessor’s Parcel at the time of prepayment. An owner of an Assessor’s Parcel intending to prepay the Special Tax obligation for such Assessor’s Parcel shall provide the CFD Administrator with written notice of intent to prepay, and within 5 business days of receipt of such notice, the CFD Administrator shall notify such owner of the amount of the non- refundable deposit determined to cover the cost to be incurred by the CFD in calculating the Prepayment Amount (as defined below) for the Assessor’s Parcel. Within 15 days of receipt of such non-refundable deposit, the CFD Administrator shall notify such owner of the Prepayment Amount for the Assessor’s Parcel. Prepayment must be made not less than 60 days prior to the redemption date for any Bonds to be redeemed with the proceeds of such prepaid Special Taxes.

The Prepayment Amount shall be calculated as follows (some capitalized terms are defined below):

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 73

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June 4, 2025
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Bond Redemption Amount
plus Redemption Premium
plus Future Facilities Amount
plus Defeasance Amount
plus Administrative Fees and Expenses
less Reserve Fund Credit
Equals: Prepayment Amount
The Prepayment Amount shall be determined as of the proposed prepayment date as follows:

1. Confirm that no Special Tax delinquencies apply to such Assessor’s Parcel.

2. For an Assessor’s Parcel of Developed Property, compute the Maximum Special Tax for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has been issued, compute the Maximum Special Tax for the Assessor’s Parcel as though it was already designated as Developed Property, based upon the Building Permit which has been issued for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has not been issued, or Provisional Undeveloped Property, compute the Maximum Special Tax for the Assessor’s Parcel.

3. Divide the Maximum Special Tax derived pursuant to paragraph 2 by the total amount of Maximum Special Taxes that could be levied assuming build out of all Assessor’s Parcels of Taxable Property based on the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property not including any Assessor’s Parcels for which the Special Tax obligation has been previously prepaid.

4. Multiply the quotient derived pursuant to paragraph 3 by the principal amount of the Outstanding Bonds to determine the amount of Outstanding Bonds to be redeemed with the Prepayment Amount (the “Bond Redemption Amount”).

5. Multiply the Bond Redemption Amount by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

6. Determine the Future Facilities Costs.

7. Multiply the quotient derived pursuant to paragraph 3 by the amount determined pursuant to paragraph 6 to determine the amount of Future Facilities Costs for the Assessor’s Parcel (the “Future Facilities Amount”).

8. Determine the amount needed to pay interest on the Bond Redemption Amount from the first bond interest and/or principal payment date following the current Fiscal Year until the earliest redemption date for the Outstanding Bonds on which Bonds can be redeemed from Special Tax prepayments.

9. Determine the Special Taxes levied on the Assessor’s Parcel in the current Fiscal Year which have not yet been paid.

10. Determine the amount the CFD Administrator reasonably expects to derive from the investment of the Bond Redemption Amount and the Redemption Premium from the date of prepayment until the redemption date for the Outstanding Bonds to be redeemed with the Prepayment Amount.

11. Add the amounts derived pursuant to paragraphs 8 and 9 and subtract the amount derived pursuant to paragraph 10 (the “Defeasance Amount”).

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 74

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June 4, 2025
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12. Verify the administrative fees and expenses of the CFD, the cost to invest the Prepayment Amount, the cost of redeeming the Outstanding Bonds, and the cost of recording notices to evidence the prepayment of the Special Tax obligation for the Assessor’s Parcel and the redemption of Outstanding Bonds (the “Administrative Fees and Expenses”).

13. The reserve fund credit (the “Reserve Fund Credit”) shall equal the lesser of: (a) the expected reduction in the reserve requirement (as defined in the Indenture), if any, associated with the redemption of Outstanding Bonds as a result of the prepayment, or (b) the amount derived by subtracting the new reserve requirement (as defined in the Indenture) in effect after the redemption of Outstanding Bonds as a result of the prepayment from the balance in the reserve fund on the prepayment date, but in no event shall such amount be less than zero.

14. The Prepayment Amount is equal to the sum of the Bond Redemption Amount, the Redemption Premium, the Future Facilities Amount, the Defeasance Amount and the Administrative Fees and Expenses, less the Reserve Fund Credit.

15. From the Prepayment Amount, the Bond Redemption Amount, the Redemption Premium, and Defeasance Amount shall be deposited into the appropriate fund as established under the Indenture and be used to redeem Outstanding Bonds or make debt service payments. The Future Facilities Amount shall be deposited into the Construction Fund. The Administrative Fees and Expenses shall be retained by the CFD.

The Prepayment Amount may be sufficient to redeem other than a $5,000 increment of Bonds. In such event, the increment above $5,000 or an integral multiple thereof will be retained in the appropriate fund established under the Indenture to be used with the next redemption from other Special Tax prepayments of Outstanding Bonds or to make debt service payments.

As a result of the payment of the current Fiscal Year’s Special Tax levy as determined pursuant to paragraph 9 above, the CFD Administrator shall remove the current Fiscal Year’s Special Tax levy for the Assessor’s Parcel from the County tax roll. With respect to any Assessor’s Parcel for which the Special Tax obligation is prepaid, the City Council shall cause a suitable notice to be recorded in compliance with the Act, to indicate the prepayment of Special Tax obligation and the release of the Special Tax lien for the Assessor’s Parcel, and the obligation to pay the Special Tax for such Assessor’s Parcel shall cease.

Notwithstanding the foregoing, no Special Tax prepayment shall be allowed unless the amount of Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property after the proposed prepayment will be at least 1.1 times maximum annual debt service on the Bonds that will remain outstanding after the prepayment plus the estimated annual Administrative Expenses.

Tenders of Bonds in prepayment of the Special Tax obligation may be accepted upon the terms and conditions established by the City Council pursuant to the Act. However, the use of Bond tenders shall only be allowed on a case-by-case basis as specifically approved by the City Council.

2. Prepayment in Part
The Special Tax obligation for an Assessor’s Parcel of Developed Property, Approved Property, Undeveloped Property, or Provisional Undeveloped Property may be partially prepaid. For purposes of determining the Partial Prepayment Amount, the provisions of Section G.1 shall be modified as provided by the following formula:

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

PP = Partial Prepayment Amount
Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 75

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June 4, 2025
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PE = the Prepayment Amount calculated according to Section G.1 F = the percent by which the owner of the Assessor’s Parcel(s) is partially prepaying the Special Tax obligation
A = the Administrative Fees and Expenses determined pursuant to Section G.1 The owner of an Assessor’s Parcel who desires to partially prepay the Special Tax obligation for the Assessor’s Parcel shall notify the CFD Administrator of (i) such owner’s intent to partially prepay the Special Tax obligation, (ii) the percentage of the Special Tax obligation such owner wishes to prepay, and (iii) the company or agency that will be acting as the escrow agent, if any. Within 5 days of receipt of such notice, the CFD Administrator shall notify such property owner of the amount of the non-refundable deposit determined to cover the cost to be incurred by the CFD in calculating the Partial Prepayment Amount. Within 15 business days of receipt of such non-refundable deposit, the CFD Administrator shall notify such owner of the amount of the Partial Prepayment Amount for the Assessor’s Parcel. A Partial Prepayment Amount must be made not less than 60 days prior to the redemption date for the Outstanding Bonds to be redeemed with the proceeds of the Partial Prepayment Amount.

With respect to any Assessor’s Parcel for which the Special Tax obligation is partially prepaid, the CFD Administrator shall (i) distribute the Partial Prepayment Amount as provided in Paragraph 15 of Section G.1, and (ii) indicate in the records of the CFD that there has been a partial prepayment for the Assessor’s Parcel and that a portion of the Special Tax obligation equal to the remaining percentage (1.00 - F) of the applicable Special Tax will continue to be levied on the Assessor’s Parcel pursuant to Section E.

H. TERMINATION OF SPECIAL TAX
For each Fiscal Year that any Bonds are outstanding the Special Tax shall be levied on all Assessor’s Parcels subject to the Special Tax pursuant to Section E. The Special Tax shall cease not later than the 2064-2065 Fiscal Year, however, Special Taxes will cease to be levied in an earlier Fiscal Year if the CFD Administrator has determined (i) that all the required interest and principal payments on the CFD No. 2022-2 Bonds have been paid; (ii) all authorized facilities of CFD No. 2022-2 have been acquired and all reimbursements to the developer have been paid, (iii) no delinquent Special Taxes remain uncollected and (iv) all other obligations of CFD No. 2022-2 have been satisfied.

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2022-2 may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor’s Parcels as permitted by the Act.

J. APPEALS OF SPECIAL TAXES
Any taxpayer may file a written appeal of the Special Taxes levied on his/her Assessor’s Parcel(s) with the CFD Administrator, provided that the appellant is current in his/her payments of Special Taxes. During pendency of an appeal, all Special Taxes previously levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Tax is in error. The CFD Administrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of its determination. If the CFD Administrator agrees with the appellant, the CFD Administrator shall grant a credit to eliminate or reduce future Special Taxes on the appellant’s Assessor’s Parcel(s). No refunds of previously paid Special Taxes shall be made unless approved by the CFD Administrator.

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

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 76

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June 4, 2025
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APPENDIX B

CERTAIN ECONOMIC AND DEMOGRAPHIC INFORMATION REGARDING
The following information relating to the City of Menifee (the “City”) and the County of Riverside, California (the “County”), California (the “State”) is supplied solely for purposes of information. Neither the City nor the County is obligated in any manner to pay principal of or interest on the Bonds or to cure any delinquency or default on the Bonds. The Bonds are payable solely from the sources described in the Official Statement.

General
The City of Menifee is located approximately 80 miles southeast of Los Angeles in the southwestern portion of Riverside County. The City was incorporated on October 1, 2008, as a general law City. As of January 1, 2024, the City has slightly more than 111,000 residents and covers an area of over 46 square miles.

Population
The following table offers population figures for the City, the County and the State for 2020 through 2024.

Area 2020 2021 2022 2023 2024
City of Menifee 97,094 104,230 107,120 109,401 111,560
County of Riverside 2,440,719 2,419,165 2,427,832 2,428,580 2,442,378 State of California 39,648,938 39,327,868 39,114,785 39,061,058 39,128,162 Source: California State Department of Finance, E-4 Population Estimates for Cities, Counties, and the State. 2010 Census Benchmark for 2020 and 2020 Census Benchmark for 2021 through 2024.

Building Activity
The following tables provide summaries of the building permit valuations and the number of new dwelling units authorized in the City and County from 2019 through 2023.

BUILDING PERMIT VALUATIONS
City of Menifee
2019-2023
(Dollars in Thousands)
2019 2020 2021 2022 2023
Valuation ($000):

Residential $343,285 $448,581 $391,923 $295,989 $525,602 Non-residential 1,150 94,195 39,831 27,092 93,407
Total* $344,435 $542,776 $431,754 $323,081 $619,009
Residential Units:

Single family 922 1,457 1,256 796 1,384
Multiple family 330 0 0 0 30
Total 1,252 1,457 1,256 796 1,414
* Totals may not add to sums because of rounding.

Source: Construction Industry Research Board.

Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 77

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June 4, 2025
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BUILDING PERMIT VALUATIONS
County of Riverside
2019-2023
(Dollars in Thousands)
2019 2020 2021 2022 2023
Residential $2,275,405 $3,071,183 $2,262,642 $2,921,113 $3,306,086 Non-residential 1,285,856 1,153,778 1,543,998 1,701,618 1,676,498 Total* $3,561,261 $4,224,961 $3,806,640 $4,622,731 $4,982,584 Residential Units:

Single family 6,563 8,443 7,360 8,863 8,894
Multiple family 1,798 723 1,126 2,861 6,428
Total 8,361 9,166 8,486 11,724 15,322
* Totals may not add to sums because of rounding.

Source: Construction Industry Research Board.

Employment
The following tables show the largest employers located in the City and County as of June 30, 2024.

LARGEST EMPLOYERS
City of Menifee
(as of June 30, 2024)
Rank Name of Business Employees Type of Business

1. Mt. San Jacinto College District 1,604 School District

2. Menifee Union School District 1,505 School District

3. Romoland Elementary School District 793 School District

4. Menifee Global Medical Center 362 Medical Center

5. Stater Brothers 348 Supermarkets

6. City of Menifee 345 City Government

7. United Parcel Service (UPS) 232 Postal Delivery Service

8. Southern California Edison 189 Community Services

9. Texas Roadhouse 188 Casual Dining

10. Olive Garden 140 Casual Dining
Source: City of Menifee Comprehensive Annual Financial Report for the year ending June 30, 2024.

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Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 78

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LARGEST EMPLOYERS
County of Riverside
(as of June 30, 2024)
Rank Name of Business Employees Type of Business

1. County of Riverside 23,772 County Government

2. Amazon 14,317 Online Retailer

3. University of California, Riverside 8,593 University

4. State of California 8,398 State Government

5. Wal-Mart 6,465 Supermarket

6. Moreno Valley Unified School District 6,020 School District

7. Kaiser Permanente Riverside Medical Center 5,817 Medical Center

8. Riverside Unified School District 5,431 School District

9. Stater Brothers Market 4,990 Supermarket

10. Mt. San Jacinto Community College District 4,638 School District Source: County of Riverside Comprehensive Annual Financial Report for the year ending June 30, 2024.

Employment and Industry
Employment data by industry is not separately reported on an annual basis for the City but is compiled for the Riverside-San Bernardino-Ontario Metropolitan Statistical Area (the “MSA”), which includes all of Riverside and San Bernardino counties. In addition to varied manufacturing employment, the MSA has large and growing commercial and service sector employment, as reflected in the table below.

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The following table represents the Annual Average Labor Force and Industry Employment for the period from 2019 through 2023.

RIVERSIDE-SAN BERNARDINO-ONTARIO MSA

INDUSTRY EMPLOYMENT & LABOR FORCE - BY ANNUAL AVERAGE
2019 2020 2021 2022 2023
Civilian Labor Force 2,071,600 2,091,700 2,120,600 2,148,700 2,171,500 Civilian Employment 1,987,500 1,885,400 1,964,300 2,058,400 2,068,800 Civilian Unemployment 84,000 206,200 156,300 90,200 102,700 Civilian Unemployment Rate 4.1% 9.9% 7.4% 4.2% 4.7%
Total Farm 15,400 14,100 13,700 13,800 13,100
Total Nonfarm 1,552,700 1,495,800 1,575,100 1,659,800 1,679,800 Total Private 1,291,500 1,247,800 1,333,100 1,409,800 1,418,900 Goods Producing 209,700 202,200 207,700 216,300 216,100 Mining and Logging 1,200 1,300 1,400 1,500 1,500
Construction 107,200 104,900 110,100 114,700 115,700
Manufacturing 101,300 96,000 96,100 100,000 98,900
Service Providing 1,343,000 1,293,700 1,367,400 1,443,500 1,463,700 Trade, Transportation and Utilities 395,100 406,900 443,200 464,900 456,500 Wholesale Trade 67,700 65,600 67,400 69,500 68,700
Retail Trade 180,700 168,800 177,000 181,000 182,700
Transportation, Warehousing and Utilities 146,600 172,500 198,800 214,400 205,100 Information 14,100 12,400 12,500 13,000 13,300
Financial Activities 45,000 44,100 45,200 46,000 44,900 Professional and Business Services 155,300 152,100 166,600 173,900 164,800 Educational and Health Services 250,300 248,800 254,300 267,500 287,500 Leisure and Hospitality 175,900 141,300 160,200 180,900 186,500 Other Services 46,200 40,200 43,600 47,400 49,300
Government 261,200 248,000 242,000 250,000 260,900
Total, All Industries 1,568,100 1,509,900 1,588,800 1,673,500 1,692,900 Note: Does not include proprietors, self-employed, unpaid volunteers or family workers, domestic workers in households and persons involved in labor-management trade disputes. Employment reported by place of work. Items may not add to total due to independent rounding. The “Total, All Industries” data is not directly comparable to the employment data found in this Appendix B.

Source: State of California, Employment Development Department, March 2023 Benchmark.

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The following table summarizes the labor force, employment and unemployment figures for the period from 2019 through 2023 for the City, the County, the State and the nation as a whole.

CITY OF MENIFEE,

COUNTY OF RIVERSIDE,

STATE OF CALIFORNIA AND UNITED STATES
Average Annual Civilian Labor Force, Employment and Unemployment Year and Area Labor Force Employment(1) Unemployment(2) Unemployment
Rate (%)(3)
2019
City of Menifee 39,600 38,000 1,600 4.0%
County of Riverside 1,104,000 1,057,900 46,100 4.2
State of California 19,353,700 18,550,500 803,200 4.2
United States 163,539,000 157,538,000 6,001,000 3.7
2020
City of Menifee 41,800 37,600 4,200 10.1%
County of Riverside 1,121,100 1,008,000 113,000 10.1
State of California 18,971,600 17,047,600 1,924,000 10.1 United States 160,757,000 149,961,000 10,795,000 6.7
2021
City of Menifee 42,300 39,100 3,200 7.5%
County of Riverside 1,133,000 1,050,000 83,000 7.3
State of California 18,973,400 17,586,300 1,387,100 7.3 United States 162,410,000 156,081,000 6,329,000 3.9
2022
City of Menifee 43,000 41,200 1,800 4.2%
County of Riverside 1,152,100 1,104,100 48,000 4.1
State of California 19,252,000 18,440,900 811,000 4.2
United States 164,966,000 159,244,000 5,722,000 3.5
2023
City of Menifee 43,200 41,100 2,200 5.0%
County of Riverside 1,157,900 1,102,300 55,600 4.8
State of California 19,308,300 18,388,300 920,000 4.8
United States 167,116,000 158,772,000 6,080,000 3.6
Note: Data is not seasonally adjusted.
(1) Annual averages, unless otherwise specified.
(2) Includes persons involved in labor-management trade disputes. (3) The unemployment rate is computed from unrounded data; therefore, it may differ from rates computed from rounded figures in this table.

Source: U.S. Department of Labor – Bureau of Labor Statistics, California Employment Development Department. 2022 Benchmark.

Personal Income
Personal Income is the income that is received by all persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors’ income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance.

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The personal income of an area is the income that is received by, or on behalf of, all the individuals who live in the area; therefore, the estimates of personal income are presented by the place of residence of the income recipients.

Total personal income in the County increased by 27.50% between 2019 and 2023. The following tables summarize personal income for the County for 2019 through 2023.

PERSONAL INCOME
Riverside County
2019-2023
(Dollars in Thousands)
Year Riverside County
Annual
Percent Change
2019 $104,647,288 N/A
2020 115,370,344 10.25%
2021 126,493,256 9.64
2022 126,174,731 (0.25)
2023 133,968,557 6.18
Source: U.S. Bureau of Economic Analysis, "CAINC1 County and MSA personal income summary: personal income, population, per capita personal income" (accessed Friday, March 3, 2025).

The following table summarizes per capita personal income for the County, California and the United States for 2019-2023. This measure of income is calculated as the personal income of the residents of the area divided by the resident population of the area.

PER CAPITA PERSONAL INCOME
Riverside County, State of California and the United States 2019-2023
Year Riverside County State of California United States 2019 43,086 64,219 55,566
2020 47,615 70,098 59,123
2021 51,558 76,882 64,460
2022 50,995 76,941 66,244
2023 53,750 81,255 69,810
Note: Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for 2019-2023 reflect county population estimates available as of March 2020.

Source: U.S. Bureau of Economic Analysis, "CAINC1 County and MSA personal income summary: personal income, population, per capita personal income" (accessed Friday, March 3, 2025).

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Taxable Sales
The table below presents taxable sales for the years 2019 through 2023 for the City.

TAXABLE SALES
City of Menifee
2018-2022
(Dollars in Thousands)
Year Permits Taxable Transactions
2018 1,484 $742,128
2019 1,568 776,545
2020 1,726 752,610
2021 1,756 974,142
2022 1,915 1,073,446
2023 2,027 1,455,766
Source: Taxable Sales in California, California Department of Tax and Fee Administration for 2019-2023.

The table below presents taxable sales for the years 2019 through 2023 for the County.

TAXABLE SALES
County of Riverside
2019-2023
(Dollars in Thousands)
Year Permits Taxable Transactions
2019 64,063 $40,626,998
2020 69,284 42,313,474
2021 64,335 55,535,196
2022 66,738 62,117,153
2023 68,670 61,331,274
Source: Taxable Sales in California, California Department of Tax and Fee Administration for 2019-2023.

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APPENDIX C

FORM OF OPINION OF BOND COUNSEL
Upon issuance of the Bonds, Stradling Yocca Carlson & Rauth LLP, Bond Counsel, proposes to render its final approving opinion in substantially the following form:
[Closing Date]
Community Facilities District No. 2022-2 of the
City of Menifee (McLaughlin Village)
Menifee, California
Re:$_____ Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025
Ladies and Gentlemen:

We have examined the Constitution and the laws of the State of California, a certified record of the proceedings of the City of Menifee (the “City”) taken in connection with the formation of Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee (the “District”) and the authorization and issuance of the District’s Special Tax Bonds, Series 2025 in the aggregate principal amount of $_____ (the “Bonds”) and such other information and documents as we consider necessary to render this opinion. In rendering this opinion, we have relied upon certain representations of fact and certifications made by the District, the City, the initial purchasers of the Bonds and others. We have not undertaken to verify through independent investigation the accuracy of the representations and certifications relied upon by us.

The Bonds have been issued pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (comprising Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California), a resolution adopted by the City Council of the City, acting in its capacity as the legislative body of the District (the “City Council”) on June 4, 2025 (the “Resolution”), and a Bond Indenture (the “Indenture”) dated as of June 1, 2025, by and between the District and Wilmington Trust, National Association, as trustee (the “Trustee”). All capitalized terms not defined herein shall have the meaning set forth in the Indenture.

Based upon our examination of the foregoing, and in reliance thereon and on all matters of fact as we deem relevant under the circumstances, and upon consideration of applicable laws, we are of the opinion that:
(1) The Bonds have been duly and validly authorized by the District and are legal, valid and binding limited obligations of the District, enforceable in accordance with their terms and the terms of the Indenture.

The Bonds are limited obligations of the District but are not a debt of the City, the State of California or any other political subdivision thereof within the meaning of any constitutional or statutory limitation, and, except for the Net Taxes, neither the faith and credit nor the taxing power of the City, the State of California, or any of its political subdivisions is pledged for the payment thereof. (2) The Indenture has been duly executed and delivered by the District. The Indenture creates a valid pledge of, and the Bonds are secured by, the Net Taxes and the amounts on deposit in certain funds and accounts established under the Indenture, as and to the extent provided in the Indenture. The Indenture is enforceable in accordance with its terms; provided, however, we express no opinion as to the enforceability of the covenant of the District contained in the Indenture to levy Special Taxes for the payment of Administrative Expenses or as to indemnification, penalty, contribution, choice of law, choice of forum or waiver provisions contained therein.

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(3) Under existing statutes, regulations, rulings and judicial decisions, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals; however, it should be noted that, with respect to applicable corporations as defined in Section 59(k) of the Internal Revenue Code of 1986, as amended (the “Code”), interest (and original issue discount) with respect to the Bonds might be taken into account in determining adjusted financial statement income for purposes of computing the alternative minimum tax imposed on such corporations.
(4) Interest (and original issue discount) on the Bonds is exempt from State of California personal income tax.
(5) The difference between the issue price of a Bond (the first price at which a substantial amount of the Bonds of a maturity are to be sold to the public) and the stated redemption price at maturity with respect to such Bond constitutes original issue discount. Original issue discount accrues under a constant yield method, and original issue discount will accrue to a Bond Owner before receipt of cash attributable to such excludable income. The amount of original issue discount deemed received by a Bond Owner will increase the Bond Owner’s basis in the applicable Bond.
(6) The amount by which a Bond Owner’s original basis for determining loss on sale or exchange in the applicable Bond (generally the purchase price) exceeds the amount payable on maturity (or on an earlier call date) constitutes amortizable Bond premium which must be amortized under Section 171 of the Code; such amortizable Bond premium reduces the Bond Owner’s basis in the applicable Bond (and the amount of tax- exempt interest received), and is not deductible for federal income tax purposes. The basis reduction as a result of the amortization of Bond premium may result in a Bond Owner realizing a taxable gain when a Bond is sold by the Owner for an amount equal to or less (under certain circumstances) than the original cost of the Bond to the Owner.

The opinions expressed in paragraphs (3) and (5) above as to the exclusion from gross income for federal income tax purposes of interest (and original issue discount) on the Bonds is subject to the condition that the District and the City comply with all requirements of the Code, that must be satisfied subsequent to the issuance of the Bonds to assure that such interest (and original issue discount) will not become includable in gross income for federal income tax purposes. Failure to comply with such requirements of the Code might cause interest (and original issue discount) on the Bonds to be included in gross income for federal income tax purposes retroactive to the date of issuance of the Bonds. The District and the City have covenanted to comply with all such requirements. Except as set forth in paragraphs (3), (4), (5) and (6) above, we express no opinion as to any tax consequences related to the Bonds.

Certain agreements, requirements and procedures contained or referred to in the Indenture, the Tax Certificate executed by the District and the City and other documents related to the Bonds may be changed and certain actions may be taken or omitted, under the circumstances and subject to the terms and conditions set forth in such documents. We express no opinion as to the effect on the exclusion from gross income for federal income tax purposes of interest (and original issue discount) on any Bond if any such change occurs or action is taken or omitted upon advice or approval of bond counsel other than Stradling Yocca Carlson & Rauth LLP.

Our opinion is limited to matters governed by the laws of the State of California and federal law. We assume no responsibility with respect to the applicability or the effect of the laws of any other jurisdiction. We call attention to the fact that the rights and obligations under the Bonds, the Indenture and the Tax Certificate may be limited by bankruptcy, insolvency, reorganization, arrangement, fraudulent conveyance, moratorium and other laws relating to or affecting creditors’ rights, by the application of equitable principles and the exercise of judicial discretion in appropriate cases and by the limitations on legal remedies against public agencies in the State of California.

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We express no opinion herein as to the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds and expressly disclaim any duty to advise the Owners of the Bonds with respect to matters contained in the Official Statement or other offering material.

The opinions expressed herein are based upon an analysis of existing statutes, regulations, rulings and judicial decisions and cover certain matters not directly addressed by such authorities. Such opinions may be affected by actions taken (or not taken) or events occurring (or not occurring) after the date hereof. We have not undertaken to determine, or to inform any person, whether such actions or events are taken (or not taken) or do occur (or do not occur).

Respectfully submitted,
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APPENDIX D

APPRAISAL REPORT
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APPENDIX E

SUMMARY OF THE INDENTURE
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APPENDIX F

FORM OF DISTRICT CONTINUING DISCLOSURE CERTIFICATE
THIS CONTINUING DISCLOSURE CERTIFICATE (this “Disclosure Certificate”) dated as of June 1, 2025 is executed and delivered by Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee (the “District”) in connection with the issuance and delivery by the District of its $_____ Special Tax Bonds, Series 2025 (the “Bonds”). The Bonds are being issued pursuant to a Resolution of Issuance adopted on June 4, 2025, by the City Council of the City of Menifee, acting as the legislative body of the District, and the Bond Indenture, dated as of June 1, 2025 (the “Indenture”), by and between the District and Wilmington Trust, National Association, as trustee. The District covenants as follows:

Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the District for the benefit of the Owners and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with the Rule.

Section 2. Definitions. In addition to the definitions set forth in the Indenture and the Rate and Method of Apportionment, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings:
“Annual Report” shall mean any Annual Report provided by the District pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate.
“Beneficial Owner” shall mean any person which (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of any Bonds for federal income purposes.
“City” shall mean the City of Menifee, County of Riverside, California. “Disclosure Representative” shall mean the Chief Financial Officer of the City, or his or her designee, or such other officer or employee as the District shall designate in writing to the Dissemination Agent from time to time.
“Dissemination Agent” shall mean, initially, Spicer Consulting Group, LLC, or any successor Dissemination Agent designated in writing by the District and which has filed with the then current Dissemination Agent a written acceptance of such designation. “District” shall mean Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee.
“EMMA” shall mean the Electronic Municipal Market Access System of the Municipal Securities Rulemaking Board, which can be found at www.emma.msrb.org, or any other repository of disclosure information that may be designated by the Securities and Exchange Commission in the future system of the MSRB.
“Financial Obligation” means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term Financial Obligation shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. “Listed Events” shall mean any of the events listed in Section 5 of this Disclosure Certificate.

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“MSRB” shall mean the Municipal Securities Rulemaking Board or any other entity designated or authorized by the Securities and Exchange Commission to receive reports pursuant to the Rule. Until otherwise designated by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Market Access (EMMA) website of the MSRB, currently located at http://emma.msrb.org.
“Official Statement” shall mean that certain Official Statement for the Bonds dated _______ __, 2025. “Owners” shall mean the registered owners of the Bonds as set forth in the registration books maintained by the Trustee.
“Participating Underwriter” shall mean Stifel, Nicolaus & Company, Incorporated. “Rate and Method of Apportionment” shall mean that certain Rate and Method of Apportionment of Special Tax approved pursuant to the Resolution of Formation. “Resolution of Formation” shall mean the resolutions adopted by the City Council pursuant to which the City Council formed the District.
“Rule” shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. “State” shall mean the State of California.
“Trustee” shall mean Wilmington Trust, National Association or such other entity appointed by the District pursuant to the Indenture to act as the trustee under the Indenture.

Section 3. Provision of Annual Reports.
(a) Not later than March 1 of each year commencing March 1, 2026, the District shall, or shall cause the Dissemination Agent to provide to EMMA an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. If the Dissemination Agent is other than the District, then not later than 15 business days prior to the date referred to in the prior sentence hereof, the District shall provide the Annual Report (in a form suitable for filing with EMMA) to the Dissemination Agent. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the District, if any exist, may be submitted separately from and later than the balance of the Annual Report if they are not available by the date required above for the filing of the Annual Report. (b) In the event that the Dissemination Agent is an entity other than the District, then the provisions of this Section 3(b) shall apply. Not later than fifteen (15) Business Days prior to the date specified in subsection (a) for providing the Annual Report, the District shall provide the Annual Report to the Dissemination Agent. If by fifteen (15) Business Days prior to the due date for an Annual Report the Dissemination Agent has not received a copy of the Annual Report, the Dissemination Agent shall contact the District to determine if the District will be filing the Annual Report in compliance with subsection (a). The District shall provide a written certification with each Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by it hereunder. The Dissemination Agent may conclusively rely upon such certification of the District and shall have no duty or obligation to review such Annual Report.
(c) If the Dissemination Agent is other than the District and if the Dissemination Agent is unable to verify that an Annual Report has been provided to EMMA by the date required in subsection (a), the Dissemination Agent shall send, in a timely manner, a notice to EMMA of the failure to file the Annual Report Item Title: 12.1
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in the form required by EMMA. If the District acts as its own Dissemination Agent, it shall file a notice with EMMA no later than the date specified in subsection (a) for filing an Annual Report if the District fails to file the Annual Report by that date.
(d) If the Dissemination Agent is other than the District, the Dissemination Agent shall:
(i) determine each year prior to the date for providing the Annual Report the name and address of the repository if other than the MSRB through EMMA; and (ii) promptly after receipt of the Annual Report, file a report with the District certifying that the Annual Report has been provided to EMMA and the date it was provided. (e) Notwithstanding any other provision of this Disclosure Certificate, all filings shall be made in accordance with the MSRB’s EMMA system or in another manner approved under the Rule.

Section 4. Content of Annual Reports. The District’s Annual Report shall contain or include by reference the following:
(a) Financial Statements. The audited financial statements of the District for the prior fiscal year, if any have been prepared and which, if prepared, shall be prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board. If the District’s audited financial statements, if any are prepared, are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.
(b) Financial and Operating Data. The Annual Report shall contain or incorporate by reference the following information:
(i) the principal amount of the Bonds outstanding as of the September 2 preceding the filing of the Annual Report;
(ii) the balance in each fund under the Indenture as of the September 2 preceding the filing of the Annual Report;
(iii) the aggregate assessed valuation of the Taxable Property within the District; (iv) any changes to the Rate and Method of Apportionment of Special Tax for the District approved or submitted to the qualified electors for approval prior to the filing of the Annual Report; (v) a table setting forth the annual Special Tax delinquency rate within the District at June 30 of each fiscal year for which a delinquency exists, listing for each fiscal year, the total Special Tax levy, the amount delinquent and the percent delinquent; (vi) an update of the value-to-lien of the property within the District based on the assessed value and the Special Tax levy for the then current fiscal year, which update may be provided in a form similar to Table 2 in the Official Statement; provided that such update need not include overlapping special tax, assessment or general obligation indebtedness; and (vii) the status of any foreclosure actions being pursued by the District with respect to delinquent Special Taxes within the District.

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(c) Any or all of the items listed in (a) or (b) above may be included by specific reference to other documents, including official statements of debt issues of the District or related public entities, which have been submitted to EMMA or the Securities and Exchange Commission. If the document included by reference is a final official statement, it must be available from the MSRB through EMMA. The District shall clearly identify each such other document so included by reference.

Section 5. Reporting of Significant Events.
(a) Pursuant to the provisions of this Section 5, the District shall give, or cause the Dissemination Agent to give, notice to EMMA in a timely manner not in excess of ten (10) business days after the occurrence of any of the following events with respect to the Bonds:

1. principal and interest payment delinquencies;

2. unscheduled draws on debt service reserves reflecting financial difficulties;

3. unscheduled draws on credit enhancements reflecting financial difficulties;

4. substitution of credit or liquidity providers, or their failure to perform;

5. adverse tax opinions or the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds;

6. defeasances;

7. tender offers;

8. ratings changes; and

9. bankruptcy, insolvency, receivership or similar proceedings.

Note: for the purposes of the event identified in subparagraph (9), the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governmental body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person.

10. default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the obligated person, any of which reflect financial difficulties.
(b) Additionally, the District shall give or cause the Dissemination Agent to give notice to EMMA in a timely manner not in excess of ten (10) business days after the occurrence of any of the following events with respect to the Bonds, if material:

1. mergers, consolidations, acquisitions, the sale of all or substantially all of the assets of the obligated persons or their termination;
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2. appointment of a successor or additional fiscal agent or the change of the name of a fiscal agent;

3. nonpayment related defaults;

4. modifications to the rights of Bondholders;

5. bond calls;

6. release, substitution or sale of property securing repayment of the Bonds; and

7. incurrence of a Financial Obligation of the obligated person, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the obligated person, any of which affect security holders. (c) In the event that the District’s fiscal year changes, the District shall report or shall instruct the Dissemination Agent to report such change in the same manner and to the same parties as Listed Events would be reported pursuant to this Section.
(d) The District hereby agrees that the undertaking set forth in this Disclosure Certificate is the responsibility of the District, and the Dissemination Agent, if other than the District, shall not be responsible for determining whether the District’s instructions to the Dissemination Agent under this Section comply with the requirements of the Rule.

Section 6. Termination of Reporting Obligation. The obligations of the District and the Dissemination Agent under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the District shall give notice of such termination in the same manner as for a Listed Event under Section

5. Section 7. Dissemination Agent. The District may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. The Dissemination Agent, if other than the District, shall not be responsible in any manner for the content of any notice or report prepared by the District pursuant to this Disclosure Certificate. The initial Dissemination Agent shall be Spicer Consulting Group, LLC. The Dissemination Agent may resign by providing (i) thirty (30) days written notice to the District and the Trustee and (ii) upon appointment of a new Dissemination Agent hereunder.

Section 8. Amendment; Waiver.
(a) This Disclosure Certificate may be amended, by written agreement of the parties, without the consent of the Owners, and any provision of this Disclosure Certificate may be waived, if all of the following conditions are satisfied: (1) such amendment or waiver is made in connection with a change in circumstances that arises from a change in legal (including regulatory) requirements, a change in law, or a change in the identity, nature or status of the District or the type of business conducted thereby, (2) the undertakings in this Disclosure Certificate as so amended or waived would, in the opinion of a nationally recognized bond counsel, have complied with the requirements of the Rule as of the date of this Disclosure Certificate, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances, and (3) the amendment or waiver either (i) is approved by the Owners of the Bonds in the same manner as provided in the Indenture for amendments to the Indenture with the consent of Owners or (ii) does not, in the determination of the District, materially impair the interests of the Owners or Beneficial Owners of the Bonds.

Item Title: 12.1
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(b) To the extent any amendment to this Disclosure Certificate results in a change in the type of financial information or operating data provided pursuant to this Disclosure Certificate, the first Annual Report provided thereafter shall include a narrative explanation of the reasons for the amendment and the impact of the change in the type of operating data or financial information being provided. (c) If an amendment is made to the basis on which financial statements are prepared, the Annual Report for the year in which the change is made shall present a comparison between the financial statements or information prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. Such comparison shall include a quantitative and, to the extent reasonably feasible, qualitative discussion of the differences in the accounting principles and the impact of the change in the accounting principles on the presentation of the financial information.

Section 9. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the District from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the District chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the District shall have no obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event.

Section 10. Default. In the event of a failure of the District or the Dissemination Agent to comply with any provision of this Disclosure Certificate, any Owner or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the District and/or the Dissemination Agent to comply with their respective obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default under the Indenture, and the sole remedy under this Disclosure Certificate in the event of any failure of the District or the Dissemination Agent to comply with this Disclosure Certificate shall be an action to compel performance.

Section 11. Duties, Immunities and Liabilities of Dissemination Agent. Where an entity other than the District is acting as the Dissemination Agent, the Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Certificate, and the District agrees to indemnify and save the Dissemination Agent and its officers, directors, employees and agents, harmless against any loss, expense and liabilities which they may incur arising out of or in the exercise or performance of their powers and duties hereunder, including the costs and expenses (including attorneys’ fees) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent’s negligence or willful misconduct. Any Dissemination Agent shall be paid (i) compensation by the District for its services provided hereunder in accordance with a schedule of fees to be mutually agreed to; and (ii) all expenses, legal fees and advances made or incurred by the Dissemination Agent in the performance of its duties hereunder. The Dissemination Agent shall have no duty or obligation to review any information provided to it by the District pursuant to this Disclosure Certificate. The obligations of the District under this Section shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. No person shall have any right to commence any action against the Dissemination Agent seeking any remedy other than to compel specific performance of this Disclosure Certificate. The Dissemination Agent shall not be liable under any circumstances for monetary damages to any person for any breach under this Disclosure Certificate.

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Section 12. Notices. Any notices or communications to or among any of the parties to this Disclosure Certificate may be given as follows:

District: Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee
City of Menifee
29844 Haun Road
Menifee, CA 92586
Attn: Chief Financial Officer
Underwriter: Stifel, Nicolaus & Company, Incorporated
2121 Avenue of the Stars, Suite 2150
Los Angeles, CA 90067
Attn: Public Finance Department
Any person may, by written notice to the other persons listed above, designate a different address or telephone number(s) to which subsequent notice or communications should be sent.

Section 13. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the District, the Trustee, the Dissemination Agent, the Participating Underwriter and Owners and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.

Section 14. Merger. Any person succeeding to all or substantially all of the Dissemination Agent’s business shall be the successor Dissemination Agent without the filing of any paper or any further act.

This Disclosure Certificate is executed as of the date and year first set forth above.

COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE) OF THE CITY OF

MENIFEE
By:

Disclosure Representative
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APPENDIX G

DEVELOPER CONTINUING DISCLOSURE CERTIFICATE
This Developer Continuing Disclosure Certificate (the “Disclosure Certificate”) dated as of June 1, 2025 is executed and delivered by Century Communities of California LLC, a Delaware limited liability company (the “Landowner”), in connection with the issuance by Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee (the “District”) of the $_____ Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025 (the “Bonds”). The Bonds are being issued pursuant to the Bond Indenture dated as of June 1, 2025 (the “Indenture”) by and between the District and Wilmington Trust, National Association, as trustee. The Landowner covenants and agrees as follows:

SECTION 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Landowner to assist the Underwriter in the marketing of the Bonds.

SECTION 2. Definitions. Unless defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Indenture.
“Affiliate” shall mean, with respect to the Landowner, any other Person (i) who directly, or indirectly through one or more intermediaries, is currently controlling, controlled by or under common control with the Landowner, and (ii) for whom information, including financial information or operating data, concerning such Person is material to potential investors in their evaluation of the District and investment decision regarding the Bonds (i.e. information regarding such Person’s assets or funds that would materially affect the Landowner’s ability to develop the Property as described in the Official Statement or to pay its Special Taxes on the portion of the Property then owned by the Landowner (to the extent the responsibility of the Landowner) prior to delinquency). For purposes hereof, the term “control” (including the terms “controlling,” “controlled by” or “under common control with”) means the present possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.
“Beneficial Owner” shall mean any person which has or shares the power, directly or indirectly, to make investment decisions concerning ownership of the Bonds (including persons holding Bonds through nominees, depositories or other intermediaries).
“Dissemination Agent” shall mean the Landowner or any successor Dissemination Agent designated in writing by the Landowner and which has filed with the Landowner and the District a written acceptance of such designation.
“District” shall mean Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee.
“EMMA” shall mean the Electronic Municipal Market Access system of the MSRB. “Listed Event” shall mean any of the events listed in Section 5(a) of this Disclosure Certificate. “MSRB” shall mean the Municipal Securities Rulemaking Board and any successor entity as the repository for filings.
“Official Statement” shall mean the Official Statement, dated _________, 2025, relating to the Bonds.

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“Person” shall mean an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a trust, an unincorporated organization or a government or political subdivision thereof.
“Property” means the real property within the boundaries of the District that is owned by the Landowner or any Affiliate.
“Repository” shall mean the MSRB or any other entity designated or authorized by the Securities and Exchange Commission as a repository of disclosure information. Unless otherwise designated by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Market Access (EMMA) website of the MSRB, currently located at http://emma.msrb.org. “Semiannual Report” shall mean any report to be provided by the Landowner on or prior to June 15 and December 15 of each year, commencing with the Semiannual Report due December 15, 2025, pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. “State” shall mean the State of California.
“Underwriter” shall mean the original underwriter of the Bonds, which is Stifel, Nicolaus & Company, Incorporated.

SECTION 3. Provision of Semiannual Reports.
(a) The Landowner shall, or upon receipt of the Semiannual Report the Dissemination Agent shall, not later than June 15 and December 15 of each year, commencing December 15, 2025, provide to the Repository the Semiannual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. If, in any year, June 15 or December 15 falls on a Saturday, Sunday or a federal holiday, such deadline shall be extended to the next following day that is not a Saturday, Sunday or federal holiday. The Semiannual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Certificate. (b) If the Landowner utilizes the Dissemination Agent to file the Semiannual Report, then not later than 15 calendar days prior to the date specified in subsection (a) for providing the Semiannual Report to the Repository, the Landowner shall provide the Semiannual Report to the Dissemination Agent (if different from the Landowner), and shall provide a written certification with (or included as a part of) each Semiannual Report furnished to the Dissemination Agent, the Underwriter, and the District to the effect that such Semiannual Report constitutes the Semiannual Report required to be furnished by it under this Disclosure Certificate. If the Dissemination Agent (if different from the Landowner) does not receive a Semiannual Report from the Landowner and cannot verify that a Semiannual Report has been filed with the Repository by 15 calendar days prior to the date specified in subsection (a) for providing the Semiannual Report to the Repository, the Dissemination Agent shall send a reminder notice to the Landowner that the Semiannual Report has not been provided as required under Section 3(a) above. The reminder notice shall instruct the Landowner to determine whether its obligations under this Disclosure Certificate have terminated (pursuant to Section 6 below) and, if so, to provide the Dissemination Agent with a notice of such termination in the same manner as for a Listed Event (pursuant to Section 5 below).
(c) If the Landowner does not provide, or cause the Dissemination Agent to provide, a Semiannual Report to the Repository on or prior to the date specified in subsection (a) for providing the Semiannual Report to the Repository, the Dissemination Agent shall send, in a timely manner, a notice to the Repository of the failure to file the Semiannual Report in the form required by the Repository. (d) The Dissemination Agent shall:

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(i) determine, prior to the date for providing the Semiannual Report, the name and address of the Repository; and
(ii) promptly after receipt of the Semiannual Report, file a report with the Landowner and the District certifying that the Semiannual Report has been provided pursuant to this Disclosure Certificate, stating the date it was provided to the Repository. (e) Notwithstanding any other provision of this Disclosure Certificate, any of the required filings hereunder shall be made in accordance with the MSRB’s EMMA system or in another manner approved by the MSRB or the Securities and Exchange Commission.

SECTION 4. Content of Semiannual Reports.
(a) The Landowner’s Semiannual Report shall contain or include by reference the information which is updated through a date which shall not be more than 60 days prior to the date the applicable Semiannual Report is required to be filed, relating to the following:

1. To the extent not previously disclosed in a prior Semiannual Report, a discussion of any material change in the Landowner’s sources of funds to finance its development of the Property as disclosed in the Official Statement, and, if applicable, whether any material defaults exist under any loan arrangement related to such financing. As disclosed in the Official Statement, the Landowner is financing its development of the Property through internal sources.

2. A summary of development activity conducted by the Landowner or any Affiliate within the District, including the number of parcels for which sales to homebuyers have closed.

3. Any sale by the Landowner or any Affiliate of Property to another Person, other than to buyers of completed homes, including a description of the property sold (acreage, number of lots, etc.) and the identity of the Person that so purchased the property, all since the most recent Semiannual Report.

4. Any major legislative, administrative and judicial challenges that the Landowner is currently involved in or has actual knowledge of, to or affecting the Landowner’s development of the Property, or the time for construction of any public or private improvements to be made to the Property by the Landowner or any Affiliate (the “Landowner Improvements”).

5. Any significant amendments to land use entitlements known to the Landowner with respect to the Property owned by the Landowner or its Affiliates.

6. Information regarding any failure by the Landowner or any of its Affiliates to pay any real property taxes (including Special Taxes) levied on any Property owned by the Landowner or any Affiliates.
(b) Any and all of the items listed above may be included by specific reference to other documents, including official statements of debt issues which have been submitted to the Repository or the Securities and Exchange Commission. If the document included by reference is a final official statement, it must be available from the MSRB. The Landowner shall clearly identify each such other document so included by reference.

SECTION 5. Reporting of Significant Events.
(a) Pursuant to the provisions of this Section 5, the Landowner shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material under clauses (b) and (c) as soon as practicable after the occurrence of any of the following events:

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1. Failure to pay any real property taxes, special taxes or assessments levied within the District on a parcel owned by the Landowner or any Affiliate, to the extent such failure is not promptly cured by the Landowner or any Affiliate upon discovery thereof;

2. Material default by the Landowner or any Affiliate on any loan with respect to the construction or permanent financing of the Landowner Improvements to which the Landowner or any Affiliate has been provided a notice of default;

3. Material default by the Landowner or any Affiliate on any loan secured by property within the District owned by the Landowner or any Affiliate to which the Landowner or any Affiliate has been provided a notice of default;

4. Material payment default by the Landowner on any loan of the Landowner (whether or not such loan is secured by property within the District) which is beyond any applicable cure period in such loan;

5. The filing of any proceedings with respect to the Landowner, in which the Landowner, may be adjudicated as bankrupt or discharged from any or all of its debts or obligations or granted an extension of time to pay debts or a reorganization or readjustment of debts;

6. The filing of any proceedings with respect to an Affiliate of the Landowner, in which such Affiliate of the Landowner may be adjudicated as bankrupt or discharged from any or all of its respective debts or obligations or granted an extension of time to pay debts or a reorganization or readjustment of debts if such adjudication could materially adversely affect the completion of the Landowner Improvements or the development of the Property (including the payment of Special Taxes); and

7. The filing of any lawsuit against the Landowner or any of its Affiliates (with service of process on the Landowner or its Affiliates having occurred) which, in the reasonable judgment of the Landowner, will materially adversely affect the completion of the development of the Property owned by the Landowner or its Affiliates within the District, or litigation which if decided against the Landowner, or any of its Affiliates, in the reasonable judgment of the Landowner, would materially adversely affect the financial condition of the Landowner or any Affiliate of the Landowner owning any Property within the District, or their respective ability to pay Special Taxes levied on their respective Property within the District when due.
(b) Whenever the Landowner obtains knowledge of the occurrence of a Listed Event, the Landowner shall as soon as possible determine if such event would be material under applicable federal securities laws. The Dissemination Agent (if different from the Landowner) shall have no responsibility to determine the materiality of any of the Listed Events.
(c) If the Landowner determines that knowledge of the occurrence of a Listed Event would be material under applicable federal securities laws, the Landowner shall promptly file or cause the Dissemination Agent to file a notice of such occurrence with the Repository, with a copy to the District.

SECTION 6. Termination of Reporting Obligation. The Landowner’s obligations under this Disclosure Certificate shall terminate upon the earlier to occur of the following events:
(a) the legal defeasance, prior redemption or payment in full of all of the Bonds, or (b) the date on which, the Landowner has conveyed 101 or more of its 126 planned residential units in the District.

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If such termination occurs prior to the final maturity of the Bonds, the Landowner shall give notice of such termination in the same manner as for a Semiannual Report hereunder.

SECTION 7. Dissemination Agent. The Landowner may from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. If the Dissemination Agent is not the Landowner, the Dissemination Agent shall not be responsible in any manner for the form or content of any notice or report prepared by the Landowner pursuant to this Disclosure Certificate.

The Dissemination Agent may resign by providing (i) thirty days written notice to the Landowner and (ii) upon appointment of a new Dissemination Agent hereunder.

SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Certificate, the Landowner may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, provided that the following conditions are satisfied:
(a) If the amendment or waiver relates to the provisions of Sections 3(a), 4 or 5, it may only be made in connection with a change in circumstances that arises from a change in legal requirements or change in law;
(b) The amendment or waiver either (i) is approved by the owners of the Bonds in the same manner as provided in the Indenture with the consent of owners of the Bonds, or (ii) does not, in the opinion of nationally recognized bond counsel addressed to the District and the Dissemination Agent, materially impair the interests of the owners or Beneficial Owners of the Bonds; and
(c) The Landowner, or the Dissemination Agent, shall have delivered copies of the amendment and any opinions delivered under (b) above to the District and the Trustee.

SECTION 9. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the Landowner from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Semiannual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the Landowner chooses to include any information in any Semiannual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the Landowner shall have no obligation under this Disclosure Certificate to update such information or include it in any future Semiannual Report or notice of occurrence of a Listed Event.

The Landowner acknowledges and understands that other state and federal laws, including but not limited to the Securities Act of 1933 and Rule 10b-5 promulgated under the Securities Exchange Act of 1934, may apply to the Landowner, and that under some circumstances compliance with this Disclosure Certificate, without additional disclosures or other action, may not fully discharge all duties and obligations of the Landowner under such laws.

SECTION 10. Default. In the event of a failure of the Landowner or the Dissemination Agent to comply with any provision of this Disclosure Certificate, any Underwriter or any owner or Beneficial Owner of the Bonds may, take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the Landowner or the Dissemination Agent to comply with its obligations under this Disclosure Certificate. The sole remedy under this Disclosure Certificate in the event of any failure of the Landowner or the Dissemination Agent to comply with this Disclosure Certificate shall be an action to compel performance.

SECTION 11. Duties, Immunities and Liabilities of Dissemination Agent. The Dissemination Agent shall not be deemed to be acting in any fiduciary capacity for the Landowner, the Underwriter, owners of the Bonds or Beneficial Owners or any other party. The Dissemination Agent may rely and shall be protected in Item Title: 12.1
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acting or refraining from acting upon a direction from the Landowner or an opinion of nationally recognized bond counsel. No person shall have any right to commence any action against the Dissemination Agent seeking any remedy other than to compel specific performance of this Disclosure Certificate. The Dissemination Agent may conclusively rely upon the Semiannual Report provided to it by the Landowner as constituting the Semiannual Report required of the Landowner in accordance with this Disclosure Certificate and shall have no duty or obligation to review such Semiannual Report. The Dissemination Agent shall have no duty to prepare the Semiannual Report nor shall the Dissemination Agent be responsible for filing any Semiannual Report not provided to it by the Landowner in a timely manner in a form suitable for filing with the Repositories. Any company succeeding to all or substantially all of the Dissemination Agent’s corporate trust business shall be the successor to the Dissemination Agent hereunder without the execution or filing of any paper or any further act.

SECTION 12. Landowner as Independent Contractor. In performing under this Disclosure Certificate, it is understood that the Landowner is not an agent or contractor of the District.

SECTION 13. Notices. Notices should be sent in writing by electronic, regular, or overnight mail to the following addresses. The following information may be conclusively relied upon until changed in writing.

Landowner: Century Communities
4695 MacArthur Court, Suite 300
Newport Beach, California 92660
Attention:

Email:

Telephone:

Underwriter: Stifel, Nicolaus & Company, Incorporated
2121 Avenue of the Stars, Suite 2150
Los Angeles, CA 90067
Attn: Public Finance Department
Email: [email protected]
SECTION 14. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Landowner, the City, the District, the Dissemination Agent, the Underwriter and owners of the Bonds and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.

Century Communities of California LLC, a Delaware
limited liability company
By:
[Name],
[Title]
Item Title: 12.1
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APPENDIX H

BOOK-ENTRY ONLY SYSTEM
The information in this Appendix concerning DTC and DTC’s book-entry only system has been obtained from sources that the District and the Underwriter believe to be reliable, but neither the District nor the Underwriter takes any responsibility for the completeness or accuracy thereof. The following description of the procedures and record keeping with respect to beneficial ownership interests in the Bonds, payment of principal, premium, if any, accreted value and interest on the Bonds to DTC Participants or Beneficial Owners, confirmation and transfers of beneficial ownership interests in the Bonds and other related transactions by and between DTC, the DTC Participants and the Beneficial Owners is based solely on information provided by DTC.

The Depository Trust Company (“DTC”), New York, NY, will act as securities depository for the Bonds.

The Bonds will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully registered bond will be issued for each annual maturity of the Bonds, each in the aggregate principal amount of such annual maturity, and will be deposited with DTC.

DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.

DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates.

Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of “AA+.” The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com.

Purchases of Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC’s records. The ownership interest of each actual purchaser of each Bond (“Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the Bonds, except in the event that use of the book-entry system for the Bonds is discontinued.

To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Bonds with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Bonds; DTC’s records reflect only the identity of the Direct Participants to whose accounts such Bonds are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers.

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Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time.

Beneficial Owners of Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Bonds, such as redemptions, tenders, defaults, and proposed amendments to the Bond documents. For example, Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.

Redemption notices shall be sent to DTC. If less than all of the Bonds within a maturity are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed.

Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Bonds unless authorized by a Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to the District as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting rights to those Direct Participants to whose accounts Bonds are credited on the record date (identified in a listing attached to the Omnibus Proxy).

Redemption proceeds, distributions, and dividend payments on the Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from the District or the Trustee, on payable date in accordance with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, the Trustee, or the District, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the District or the Trustee, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.

A Bond Owner shall give notice to elect to have its Bonds purchased or tendered, through its Participant, to the Trustee, and shall effect delivery of such Bonds by causing the Direct Participant to transfer the Participant’s interest in the Bonds, on DTC’s records, to the Trustee. The requirement for physical delivery of Bonds in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Bonds are transferred by Direct Participants on DTC’s records and followed by a book-entry credit of tendered Bonds to the Trustee’s DTC account.

DTC may discontinue providing its services as depository with respect to the Bonds at any time by giving reasonable notice to the District or the Trustee. Under such circumstances, in the event that a successor depository is not obtained, physical certificates are required to be printed and delivered.

The District may decide to discontinue use of the system of book-entry only transfers through DTC (or a successor securities depository). In that event, bonds will be printed and delivered to DTC.

THE TRUSTEE, AS LONG AS A BOOK-ENTRY ONLY SYSTEM IS USED FOR THE BONDS, WILL SEND ANY NOTICE OF REDEMPTION OR OTHER NOTICES TO OWNERS ONLY TO DTC. ANY FAILURE

OF DTC TO ADVISE ANY DTC PARTICIPANT, OR OF ANY DTC PARTICIPANT TO NOTIFY ANY

BENEFICIAL OWNER, OF ANY NOTICE AND ITS CONTENT OR EFFECT WILL NOT AFFECT THE

VALIDITY OF SUFFICIENCY OF THE PROCEEDINGS RELATING TO THE REDEMPTION OF THE BONDS CALLED FOR REDEMPTION OR OF ANY OTHER ACTION PREMISED ON SUCH NOTICE.

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BOND INDENTURE
Between
COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE) OF THE CITY OF MENIFEE
and

WILMINGTON TRUST, NATIONAL ASSOCIATION,
as Trustee
Relating to
$____________
COMMUNITY FACILITIES DISTRICT NO. 2022-2
(MCLAUGHLIN VILLAGE) OF THE CITY OF MENIFEE
SPECIAL TAX BONDS, SERIES 2025
Dated as of June 1, 2025
Item Title: 12.1
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ARTICLE I

DEFINITIONS
Section 1.1. Definitions ..................................................................................................................... 1

ARTICLE II

GENERAL AUTHORIZATION AND BOND TERMS
Section 2.1. Amount, Issuance, Purpose and Nature of Bonds and Parity Bonds........................... 10 Section 2.2. Type and Nature of Bonds and Parity Bonds .............................................................. 10 Section 2.3. Equality of Bonds and Parity Bonds and Pledge of Net Taxes ................................... 11 Section 2.4. Description of Bonds; Interest Rates ........................................................................... 11 Section 2.5. Place and Form of Payment......................................................................................... 12 Section 2.6. Form of Bonds and Parity Bonds ................................................................................ 13 Section 2.7. Execution and Authentication ..................................................................................... 13 Section 2.8. Bond Register .............................................................................................................. 13 Section 2.9. Registration of Exchange or Transfer.......................................................................... 14 Section 2.10. Mutilated, Lost, Destroyed or Stolen Bonds or Parity Bonds ..................................... 14 Section 2.11. Validity of Bonds and Parity Bonds ............................................................................ 15 Section 2.12. Book-Entry System...................................................................................................... 15 Section 2.13. Representation Letter................................................................................................... 16 Section 2.14. Transfers Outside Book-Entry System ........................................................................ 16 Section 2.15. Payments to the Nominee ............................................................................................ 16 Section 2.16. Initial Depository and Nominee .................................................................................. 16

ARTICLE III

CREATION OF FUNDS AND APPLICATION OF PROCEEDS
Section 3.1. Creation of Funds; Application of Proceeds................................................................ 16 Section 3.2. Deposits to and Disbursements from Special Tax Fund.............................................. 17 Section 3.3. Administrative Expense Account of the Special Tax Fund......................................... 18 Section 3.4. Interest Account and Principal Account of the Special Tax Fund .............................. 18 Section 3.5. Redemption Account of the Special Tax Fund............................................................ 19 Section 3.6. Reserve Account of the Special Tax Fund .................................................................. 20 Section 3.7. Rebate Fund................................................................................................................. 21 Section 3.8. Surplus Fund................................................................................................................ 24 Section 3.9. Acquisition and Construction Fund............................................................................. 24 Section 3.10. Investments.................................................................................................................. 25

ARTICLE IV

REDEMPTION OF BONDS AND PARITY BONDS
Section 4.1. Redemption of Bonds .................................................................................................. 27 Item Title: 12.1
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Section 4.2. Selection of Bonds and Parity Bonds for Redemption ................................................ 29 Section 4.3. Notice of Redemption.................................................................................................. 29 Section 4.4. Partial Redemption of Bonds or Parity Bonds............................................................. 31 Section 4.5. Effect of Notice and Availability of Redemption Money ........................................... 31

ARTICLE V

COVENANTS AND WARRANTY
Section 5.1. Warranty ...................................................................................................................... 31 Section 5.2. Covenants .................................................................................................................... 31

ARTICLE VI

AMENDMENTS TO INDENTURE
Section 6.1. Supplemental Indentures or Orders Not Requiring Owner Consent ........................... 35 Section 6.2. Supplemental Indentures or Orders Requiring Owner Consent .................................. 36 Section 6.3. Notation of Bonds or Parity Bonds; Delivery of Amended Bonds or Parity Bonds ...........................................................................................................................37

ARTICLE VII

TRUSTEE
Section 7.1. Trustee ......................................................................................................................... 37 Section 7.2. Removal of Trustee ..................................................................................................... 38 Section 7.3. Resignation of Trustee................................................................................................. 38 Section 7.4. Liability of Trustee ...................................................................................................... 38 Section 7.5. Merger or Consolidation.............................................................................................. 42

ARTICLE VIII
EVENTS OF DEFAULT; REMEDIES
Section 8.1. Events of Default ......................................................................................................... 43 Section 8.2. Remedies of Owners.................................................................................................... 43 Section 8.3. Application of Revenues and Other Funds After Default ........................................... 44 Section 8.4. Power of Trustee to Control Proceedings.................................................................... 44 Section 8.5. Appointment of Receivers ........................................................................................... 45 Section 8.6. Non-Waiver ................................................................................................................. 45 Section 8.7. Limitations on Rights and Remedies of Owners ......................................................... 45 Section 8.8. Termination of Proceedings......................................................................................... 46 Item Title: 12.1
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ARTICLE IX

DEFEASANCE AND PARITY BONDS
Section 9.1. Defeasance................................................................................................................... 46 Section 9.2. Conditions for the Issuance of Parity Bonds and Other Additional Indebtedness ................................................................................................................47

ARTICLE X

MISCELLANEOUS
Section 10.1. Cancellation of Bonds and Parity Bonds..................................................................... 49 Section 10.2. Execution of Documents and Proof of Ownership...................................................... 49 Section 10.3. Unclaimed Moneys...................................................................................................... 50 Section 10.4. Provisions Constitute Contract; Governing Law; Venue ............................................ 50 Section 10.5. Future Contracts .......................................................................................................... 51 Section 10.6. Further Assurances ...................................................................................................... 51 Section 10.7. Entire Agreement; Severability ................................................................................... 51 Section 10.8. Notices ......................................................................................................................... 51 Signatures ....................................................................................................................................S-1 EXHIBIT A FORM OF SPECIAL TAX BOND...........................................................................A-1 EXHIBIT B REQUISITION FOR DISBURSEMENT OF PROJECT COSTS ............................B-1 Item Title: 12.1
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BOND INDENTURE
THIS BOND INDENTURE dated as of June 1, 2025, by and between COMMUNITY FACILITIES DISTRICT NO. 2022-2 (MCLAUGHLIN VILLAGE) OF THE CITY OF MENIFEE (the “District”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, as trustee (the “Trustee”), governs the terms of the Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025 and any Parity Bonds issued in accordance herewith from time to time.

RECITALS :

A. The City Council of the City of Menifee, located in the County of Riverside, California (the “City Council”), has undertaken proceedings and declared the necessity to issue bonds on behalf of the District pursuant to the terms and provisions of the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5, of the Government Code of the State of California (the “Act”).

B. Based upon Resolution Nos. 22-___ and 22___ adopted by the City Council on September 21, 2022 and an election held on September 21, 2022, authorizing the levy of a special tax and the issuance of bonds, the District is authorized to issue bonds in one or more series pursuant to the Act, in an aggregate principal amount not to exceed $6,000,000.

C. The District intends to finance various Project Costs (as defined herein) through the issuance of bonds in an aggregate principal amount of $____________ designated as the “Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025” (the “Bonds”); and
D. The District has determined that all requirements of the Act for the issuance of the Bonds have been satisfied.

NOW, THEREFORE, in order to establish the terms and conditions upon and subject to which the Bonds are to be issued, and in consideration of the premises and of the mutual covenants contained herein and of the purchase and acceptance of the Bonds by the Owners thereof, and for other valuable consideration, the receipt of which is hereby acknowledged, the District does hereby covenant and agree, for the benefit of the Owners of the Bonds and any Parity Bonds (as defined herein) which may be issued hereunder from time to time, as follows:

ARTICLE I

DEFINITIONS
Section 1.1. Definitions. Unless the context otherwise requires, the following terms shall have the following meanings:

Account. The term “Account” means any account created pursuant to this Indenture.

Act. The term “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Section 53311 et seq. of the California Government Code.

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Acquisition and Construction Fund. The term “Acquisition and Construction Fund” means the fund by that name established pursuant to Section 3.1 hereof.

Administrative Expense Account. The term “Administrative Expense Account” means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Administrative Expenses. The term “Administrative Expenses” means the administrative costs with respect to the calculation and collection of the Special Taxes, including all attorneys’ fees and other costs related thereto, the fees and expenses of the Trustee, any fees and related costs for credit enhancement for the Bonds or any Parity Bonds which are not otherwise paid as Costs of Issuance, any costs related to the District’s compliance with state and federal laws requiring continuing disclosure of information concerning the Bonds and the District, and any other costs otherwise incurred by City staff on behalf of the District in order to carry out the purposes of the District as set forth in the Resolution of Formation and any obligation of the District hereunder.

Administrative Expenses Cap. The term “Administrative Expenses Cap” means $30,600, which amount shall escalate at 2.00% per Fiscal Year (all as calculated by the District), commencing July 1, 2026.

Alternate Penalty Account. The term “Alternate Penalty Account” means the account by that name created and established in the Rebate Fund pursuant to Section 3.1 hereof.

Annual Debt Service. The term “Annual Debt Service” means the principal amount of any Outstanding Bonds or Parity Bonds payable in a Bond Year either at maturity or pursuant to a Sinking Fund Payment and any interest payable on any Outstanding Bonds or Parity Bonds in such Bond Year, if the Bonds and any Parity Bonds are retired as scheduled.

Authorized Investments. The term “Authorized Investments” means any of the following which at the time of investment are legal investments under the laws of the State for the moneys proposed to be invested therein:
(1) For all purposes, including defeasance investments in refunding escrow accounts:
(a) cash; or
(b) obligations of, or obligations guaranteed as to principal and interest by, the U.S. or any agency or instrumentality thereof, when such obligations are backed by the full faith and credit of the U.S., including U.S. treasury obligations, all direct or fully guaranteed obligations, Farmers Home Administration, General Services Administration, guaranteed Title XI financing, Government National Mortgage Association (GNMA) and State and Local Government Series; or (c) obligations of government-sponsored agencies that are not backed by the full faith and credit of the U.S. Government: Federal Home Loan Mortgage Corporation (FHLMC) debt obligations, Farm Credit System (formerly: Federal Land Banks, Federal Intermediate Credit Banks and Banks for Cooperatives), Federal Home Loan Banks (FHL Banks), Federal National Mortgage Association (FNMA) debt obligations, Financing Corp. (FICO) debt obligations, Resolution Funding Corp. (REFCORP) debt obligations and U.S. Agency for International Development (U.S.A.I.D.) guaranteed notes.

Item Title: 12.1
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(2) For all purposes other than defeasance investments in refunding escrow accounts:
(a) obligations of any of the following federal agencies, which obligations represent the full faith and credit of the United States of America: Export-Import Bank, Rural Economic Community Development Administration, U.S. Maritime Administration, Small Business Administration, U.S. Department of Housing & Urban Development (PHAs), Federal Housing Administration and Federal Financing Bank;
(b) direct obligations of any of the following federal agencies, which obligations are not fully guaranteed by the full faith and credit of the United States of America: senior debt obligations issued by the Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC), obligations of the Resolution Funding Corporation (REFCORP) and senior debt obligations of the Federal Home Loan Bank System; (c) U.S. dollar denominated deposit accounts, federal funds and bankers’ acceptances with domestic commercial banks (including those of the Trustee and its affiliates) which have a rating on their short term certificates of deposit on the date of purchase of “A-1” or “A-1+” by S&P and “P-1” by Moody’s and maturing no more than 360 days after the date of purchase (ratings on holding companies are not considered as the rating of the bank); (d) commercial paper which is rated at the time of purchase in the single highest classification “A-1+” by S&P and “P-1” by Moody’s and which matures not more than 270 days after the date of purchase;
(e) investments in a money market fund rated “AAm,” “AAm-G” or better by S&P, including funds for which the Trustee or its affiliates provide investment advisory or other management services;
(f) pre-refunded municipal obligations defined as follows: any bonds or other obligations of any state of the United States of America, or any agency, instrumentality or local governmental unit of any such state, which are not callable at the option of the obligor prior to maturity or as to which irrevocable instructions have been given by the obligor to call on the date specified in the notice, and
(i) which are rated, based on irrevocable escrow account or fund (the “escrow”), in the highest rating category of S&P and Moody’s or any successors thereto; or (ii) (1) which are fully secured as to principal and interest and redemption premium, if any, by an escrow consisting only of cash or obligations described in paragraph (1)(b) above, which escrow may be applied only to the payment of such principal of and interest and redemption premium, if any, on such bonds or other obligations on the maturity date or dates thereof or the specified redemption date or dates pursuant to such irrevocable instructions, as appropriate; and (2) which escrow is sufficient, as verified by a nationally recognized independent certified public accountant, to pay principal of and interest and redemption premium, if any, on the bonds or other obligations described in this paragraph on the maturity date or dates specified in the irrevocable instructions referred to above, as appropriate;
(g) municipal obligations rated “Aaa/AAA” or general obligations of states with a rating of at least “Aa2/AA” or higher by both Moody’s and S&P; Item Title: 12.1
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(h) Investment Agreements (supported by appropriate opinions of counsel); and (i) the Local Agency Investment Fund of the State, created pursuant to Section 16429.1 of the California Government Code, to the extent the Trustee is authorized to register such investment in its name.

The value of the above investments shall be determined as follows:
(a) for the purpose of determining the amount in any fund, all Authorized Investments credited to such fund shall be valued at market value. The Trustee shall determine the market value based on accepted industry standards, including the Trustee’s internal systems, and from accepted industry providers. Accepted industry providers shall include, but are not limited to, pricing services provided by Financial Times Interactive Data Corporation, Bank of America Merrill Lynch or Salomon Smith Barney. Notwithstanding anything to the contrary herein, in making any valuation of investments hereunder, the Trustee may utilize computerized securities pricing services that may be available to it, including those available through its regular accounting system, and rely thereon;
(b) as to certificates of deposit and bankers acceptances: the face amount thereof, plus accrued interest thereon; and
(c) as to any investment not specified above: the value thereof established by prior agreement between the City and the Trustee.

Authorized Representative of the District. The term “Authorized Representative of the District” means the Mayor, City Manager, Chief Financial Officer or City Clerk of the City, or any other officer or employee authorized by the City Council of the City or by an Authorized Representative of the District to undertake the action referenced in this Indenture as required to be undertaken by an Authorized Representative of the District.

Bond Counsel. The term “Bond Counsel” means Stradling Yocca Carlson & Rauth LLP, or another attorney at law or a firm of attorneys selected by the District of nationally recognized standing in matters pertaining to the tax-exempt nature of interest on bonds issued by states and their political subdivisions duly admitted to the practice of law before the highest court of any state of the United States of America or the District of Columbia.

Bond Register. The term “Bond Register” means the books which the Trustee shall keep or cause to be kept on which the registration and transfer of the Bonds and any Parity Bonds shall be recorded.

Bonds. The term “Bonds” means the District’s Special Tax Bonds, Series 2025 issued on June __, 2025 in the aggregate principal amount of $____________.

Bond Year. The term “Bond Year” means the twelve month period commencing on September 2 of each year and ending on September 1 of the following year, except that the first Bond Year for the Bonds or an issue of Parity Bonds shall begin on the Delivery Date and end on the first September 1 which is not more than 12 months after the Delivery Date.

Business Day. The term “Business Day” means a day which is not a Saturday or Sunday or a day of the year on which banks or trust companies in New York, New York, Los Angeles, California, Item Title: 12.1
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or the city where the corporate trust office of the Trustee is located, are not required or authorized by law, regulation or executive order, to close or to remain closed.

Certificate of an Authorized Representative. The term “Certificate of an Authorized Representative” means a written certificate or warrant request executed by an Authorized Representative of the District.

City. The term “City” means the City of Menifee, County of Riverside, State of California.

City Council. The term “City Council” means the City Council of the City.

City Facilities Account. The term “City Facilities Account” means the account by that name created and established in the Acquisition and Construction Fund pursuant to Section 3.1 hereof.

Code. The term “Code” means the Internal Revenue Code of 1986, as amended, and any Regulations, rulings, judicial decisions, and notices, announcements, and other releases of the United States Treasury Department or Internal Revenue Service interpreting and construing it.

Continuing Disclosure Certificate. The term “Continuing Disclosure Certificate” means that certain Continuing Disclosure Certificate dated as of June 1, 2025, as originally executed by the District and as it may be from time to time amended or supplemented in accordance with its terms.

Costs of Issuance. The term “Costs of Issuance” means the costs and expenses incurred in connection with the formation of the District and the issuance and sale of the Bonds or any Parity Bonds, including the acceptance and initial annual fees and expenses of the Trustee and its counsel, legal fees and expenses, costs of printing the Bonds and Parity Bonds and the preliminary and final official statements for the Bonds and Parity Bonds, fees of financial consultants, costs of the appraisal and all other related fees and expenses, including reimbursement to property owners within the District for design, engineering and legal costs, as set forth in a Certificate of an Authorized Representative of the District.

Costs of Issuance Account. The term “Costs of Issuance Account” means the account by that name created and established in the Acquisition and Construction Fund pursuant to Section 3.1 hereof.

Delivery Date. The term “Delivery Date” means, with respect to the Bonds and each issue of Parity Bonds, the date on which the bonds of such issue were issued and delivered to the initial purchasers thereof.

Depository. The term “Depository” means The Depository Trust Company, New York, New York, and its successors and assigns as securities depository for the Bonds, or any other securities depository acting as Depository under Article II hereof.

District. The term “District” means Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee established pursuant to the Act and Resolution No. 22-____ adopted by the City Council of the City on September 21, 2022.

Event of Default. The term “Event of Default” means an event described in Section 8.1 hereof.

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Fiscal Year. The term “Fiscal Year” means the period beginning on July 1 of each year and ending on the next following June 30.

Gross Taxes. The term “Gross Taxes” means the amount of all Special Taxes received by the District together with the proceeds collected from the sale of property pursuant to foreclosure for the delinquency of such Special Taxes remaining after the payment of all costs related to such foreclosure actions.

Indenture. The term “Indenture” means this Bond Indenture, together with any Supplemental Indenture approved pursuant to Article VI hereof.

Independent Financial Consultant. The term “Independent Financial Consultant” means a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field, appointed and paid by the District, who, or each of whom: (1) is in fact independent and not under the domination of the District or the City; (2) does not have any substantial interest, direct or indirect, in the District or the City; and (3) is not connected with the District or the City as a member, officer or employee of the District or the City, but who may be regularly retained to make annual or other reports to the District or the City.

Interest Account. The term “Interest Account” means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Interest Payment Date. The term “Interest Payment Date” means September 1, 2025 and each March 1 and September 1 thereafter; provided, however, that, if any such day is not a Business Day, interest up to the Interest Payment Date will be paid on the Business Day next succeeding such date.

Investment Agreement. The term “Investment Agreement” means one or more agreements for the investment of funds of the District complying with the criteria therefor as set forth in subsection (2)(h) of the definition of Authorized Investments herein.

Maximum Annual Debt Service. The term “Maximum Annual Debt Service” means the maximum sum obtained for any Bond Year prior to the final maturity of the Bonds and any Parity Bonds by adding the following for each Bond Year: (1) the principal amount of all Outstanding Bonds and Parity Bonds payable in such Bond Year either at maturity or pursuant to a Sinking Fund Payment; and (2) the interest payable on the aggregate principal amount of all Bonds and Parity Bonds Outstanding in such Bond Year if the Bonds and Parity Bonds are retired as scheduled.

Moody’s. The term “Moody’s” means Moody’s Investors Service, Inc., its successors and assigns.

Net Taxes. The term “Net Taxes” means Gross Taxes minus amounts set aside to pay Administrative Expenses.

Nominee. The term “Nominee” means the nominee of the Depository, which may be the Depository, as determined from time to time pursuant to Section 2.16 hereof.

Ordinance. The term “Ordinance” means Ordinance No. 2022-352 adopted by the City Council on October 5, 2022 providing for the levying of the Special Tax.

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Outstanding. The terms “Outstanding” or “Outstanding Bonds and Parity Bonds” means all Bonds and Parity Bonds theretofore issued by the District, except: (i) Bonds and Parity Bonds theretofore cancelled or surrendered for cancellation in accordance with Section 10.1 hereof; (ii) Bonds and Parity Bonds for payment or redemption of which monies shall have been theretofore deposited in trust (whether upon or prior to the maturity or the redemption date of such Bonds or Parity Bonds), provided that, if such Bonds or Parity Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in this Indenture or any applicable Supplemental Indenture for Parity Bonds; and (iii) Bonds and Parity Bonds which have been surrendered to the Trustee for transfer or exchange pursuant to Section 2.9 hereof or for which a replacement has been issued pursuant to Section 2.10 hereof.

Owner. The term “Owner” means the person or persons in whose name or names any Bond or Parity Bond is registered.

Parity Bonds. The term “Parity Bonds” means all bonds, notes or other similar evidences of indebtedness hereafter issued, payable out of the Net Taxes and which, as provided in this Indenture or any Supplemental Indenture, rank on a parity with the Bonds.

Participants. The term “Participants” means those broker-dealers, banks and other financial institutions from time to time for which the Depository holds Bonds or Parity Bonds as securities depository.

Person. The term “Person” means natural persons, firms, corporations, partnerships, associations, trusts, public bodies and other entities.

Prepayments. The term “Prepayments” means any amounts paid by the District to the Trustee and designated by the District as a prepayment of Special Taxes for one or more parcels in the District made in accordance with the RMA.

Principal Account. The term “Principal Account” means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Principal Office of the Trustee. The term “Principal Office of the Trustee” means the office of the Trustee located in Costa Mesa, California, or such other office or offices as the Trustee may designate from time to time, or the office of any successor Trustee where it principally conducts its business of serving as trustee under indentures pursuant to which municipal or governmental obligations are issued.

Project. The term “Project” means those public facilities described in the Resolution of Formation which are to be acquired or constructed within and outside of the District, including all engineering, planning and design services and other incidental expenses related to such facilities and other facilities, if any, authorized by the qualified electors within the District from time to time.

Project Costs. The term “Project Costs” means the amounts necessary to finance the Project, to create and replenish any necessary reserve funds, to pay the initial and annual costs associated with the Bonds or any Parity Bonds, including, but not limited to, remarketing, credit enhancement, Trustee and other fees and expenses relating to the issuance of the Bonds or any Parity Bonds and the formation of the District, and to pay any other “incidental expenses” of the District, as such term is defined in the Act.

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Rating Agency. The term “Rating Agency” means Moody’s or S&P, or both, as the context requires.

Rebate Account. The term “Rebate Account” means the account by that name created and established in the Rebate Fund pursuant to Section 3.1 hereof.

Rebate Fund. The term “Rebate Fund” means the fund by that name established pursuant to Section 3.1 hereof in which there are established the Accounts described in Section 3.1 hereof.

Rebate Regulations. The term “Rebate Regulations” means any final, temporary or proposed Regulations promulgated under Section 148(f) of the Code.

Record Date. The term “Record Date” means the fifteenth day of the month preceding an Interest Payment Date, regardless of whether such day is a Business Day.

Redemption Account. The term “Redemption Account” means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Regulations. The term “Regulations” means the regulations adopted or proposed by the Department of Treasury from time to time with respect to obligations issued pursuant to Section 103 of the Code.

Representation Letter. The term “Representation Letter” means the Blanket Letter of Representations from the District to the Depository as described in Section 2.13 hereof.

Reserve Account. The term “Reserve Account” means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof. “Reserve Policy” means a letter of credit, insurance policy, surety bond or other such funding instrument issued by a municipal bond insurance company rated least “Aa2” or higher by Moody’s or “AA” or higher by S&P, delivered to the Trustee for the purpose of providing all or a portion of the Reserve Requirement for Bonds and Parity Bonds.

Reserve Requirement. The term “Reserve Requirement” means that amount as of any date of calculation equal to the lesser of: (i) 10% of the initial principal amount of the Bonds and Parity Bonds, if any; (ii) Maximum Annual Debt Service on the then Outstanding Bonds and Parity Bonds, if any; (iii) 125% of average Annual Debt Service on the then Outstanding Bonds and Parity Bonds, if any; provided, however, that the Reserve Requirement shall not exceed $______ except in connection with the issuance of Parity Bonds.

Resolution of Formation. The term “Resolution of Formation” means Resolution No. 22- 1219 adopted by the City Council on September 21, 2022, pursuant to which the City Council established the District.

RMA. The term “RMA” means the Rate and Method of Apportionment of Special Tax for the District approved by the qualified electors of the District at the September 21, 2022 election.

School Facilities Account. The term “School Facilities Account” means the account by that name created and established in the Acquisition and Construction Fund pursuant to Section 3.1 hereof.

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Sinking Fund Payment. The term “Sinking Fund Payment” means the annual payment to be deposited in the Redemption Account to redeem a portion of the Term Bonds in accordance with the schedules set forth in Section 4.1(b) hereof and any annual sinking fund payment schedule to retire any Parity Bonds which are designated as Term Bonds.

Six-Month Period. The term “Six-Month Period” means the period of time beginning on the Delivery Date of each issue of Bonds or Parity Bonds, as applicable, and ending six consecutive months thereafter, and each six-month period thereafter until the latest maturity date of the Bonds and the Parity Bonds (and any obligations that refund an issue of the Bonds or Parity Bonds).

Special Tax Administrator. The term “Special Tax Administrator” means the individual or entity appointed by the City to administer the calculation and collection of the Special Taxes.

Special Tax Fund. The term “Special Tax Fund” means the fund by that name created and established pursuant to Section 3.1 hereof.

Special Taxes. The term “Special Taxes” means the taxes authorized to be levied by the District on property within the District in accordance with the Ordinance, the Resolution of Formation, the Act and the voter approval obtained at the September 21, 2022 election in the District, including any scheduled payments and any Prepayments thereof, the net proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the Special Taxes to the amount of said lien and penalties and interest thereon; provided that any delinquent Special Tax sold to an independent third-party or to the City for 100% of the delinquent amount shall no longer be pledged hereunder to the payment of the Bonds or Parity Bonds.

S&P. The term “S&P” means S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, its successors and assigns.

Subaccount. The term “Subaccount” means any subaccount created pursuant to this Indenture.

Supplemental Indenture. The term “Supplemental Indenture” means any supplemental indenture amending or supplementing this Indenture.

Surplus Fund. The term “Surplus Fund” means the fund by that name created and established pursuant to Section 3.1 hereof.

Tax Certificate. The term “Tax Certificate” means the certificate by that name to be executed by the District on a Delivery Date to establish certain facts and expectations and which contains certain covenants relevant to compliance with the Code.

Tax-Exempt. The term “Tax-Exempt” means, with reference to an Authorized Investment, an Authorized Investment the interest earnings on which are excludable from gross income for federal income tax purposes pursuant to Section 103(a) of the Code, other than one described in Section 57(a)(5)(C) of the Code.

Taxable Property. The term “Taxable Property” has the meaning ascribed to it in the RMA.

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Term Bonds. The term “Term Bonds” means the Bonds maturing on September 1, 20__, and September 1, 20__ and any term maturities of an issue of Parity Bonds as specified in a Supplemental Indenture.

Trustee. The term “Trustee” means Wilmington Trust, National Association, a national banking association duly organized and existing under the laws of the United States, at its principal corporate trust office in Costa Mesa, California, and its successors or assigns, or any other bank or trust company which may at any time be substituted in its place as provided in Sections 7.2 or 7.3, and any successor thereto.

Underwriter. The term “Underwriter” means, with respect to the Bonds, Stifel, Nicolaus & Company, Incorporated, and with respect to each issue of Parity Bonds, the institution or institutions, if any, with whom the District enters into a purchase contract for the sale of such issue.

ARTICLE II

GENERAL AUTHORIZATION AND BOND TERMS
Section 2.1. Amount, Issuance, Purpose and Nature of Bonds and Parity Bonds.

Under and pursuant to the Act, the Bonds in the aggregate principal amount of $____________, together with any Parity Bonds authorized by the City Council in accordance with Section 9.2 hereof, shall be issued for the purposes of financing and/or refinancing the Project, paying Costs of Issuance and funding the Reserve Account; provided that the aggregate principal amount of the Bonds and any Parity Bonds shall not exceed the total indebtedness presently authorized or subsequently authorized by the qualified electors within the District in accordance with the Act. The Bonds and any Parity Bonds shall be and are limited obligations of the District and shall be payable as to the principal thereof and interest thereon and any premiums upon the redemption thereof solely from the Net Taxes and the other amounts in the Special Tax Fund (other than amounts in the Administrative Expense Account of the Special Tax Fund).

Section 2.2. Type and Nature of Bonds and Parity Bonds. Neither the faith and credit nor the taxing power of the City, the State of California, or any political subdivision thereof other than the District is pledged to the payment of the Bonds or any Parity Bonds. Except for the Net Taxes, no other taxes are pledged to the payment of the Bonds or any Parity Bonds. The Bonds and any Parity Bonds are not general or special obligations of the City nor general obligations of the District, but are limited obligations of the District payable solely from certain amounts deposited by the District in the Special Tax Fund (exclusive of the Administrative Expense Account), as more fully described herein. The District’s limited obligation to pay the principal of, premium, if any, and interest on the Bonds and any Parity Bonds from amounts in the Special Tax Fund (exclusive of the Administrative Expense Account) is absolute and unconditional, free of deductions and without any abatement, offset, recoupment, diminution or set-off whatsoever. No Owner of the Bonds or any Parity Bonds may compel the exercise of the taxing power by the District (except as pertains to the Special Taxes) or the City or the forfeiture of any of their property. The principal of and interest on the Bonds and any Parity Bonds and premiums upon the redemption thereof, if any, are not a debt of the City, the State of California or any of its political subdivisions within the meaning of any constitutional or statutory limitation or restriction. The Bonds and any Parity Bonds are not a legal or equitable pledge, charge, lien, or encumbrance upon any of the District’s property, or upon any of its income, receipts or revenues, except the Net Taxes and other amounts in the Special Tax Fund (exclusive of the Administrative Expense Account) which are, under the terms of this Indenture and Item Title: 12.1
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the Act, set aside for the payment of the Bonds, any Parity Bonds and interest thereon, and neither the members of the legislative body of the District or the members of the City Council nor any persons executing the Bonds or any Parity Bonds are liable personally on the Bonds or any Parity Bonds, by reason of their issuance.

Notwithstanding anything to the contrary contained in this Indenture, the District shall not be required to advance any money derived from any source of income other than the Net Taxes for the payment of the interest on or the principal of the Bonds or any Parity Bonds, or for the performance of any covenants contained herein. The District may, however, advance funds for any such purpose, provided that such funds are derived from a source legally available for such purpose.

Section 2.3. Equality of Bonds and Parity Bonds and Pledge of Net Taxes. Pursuant to the Act and this Indenture, the Bonds and any Parity Bonds shall be equally payable from and secured by a first pledge of and lien on the Net Taxes and other amounts in the Special Tax Fund (exclusive of the Administrative Expense Account), without priority for number, date of the Bonds or Parity Bonds, date of sale, date of execution, or date of delivery, and the payment of the interest on and principal of the Bonds and any Parity Bonds and any premiums upon the redemption thereof, shall be exclusively paid from the Net Taxes and other amounts in the Special Tax Fund (exclusive of the Administrative Expense Account) which are hereby set aside for the payment of the Bonds and any Parity Bonds; provided that any delinquent Special Tax sold to an independent third-party or to the City for 100% of the delinquent amount shall no longer be pledged hereunder to the payment of the Bonds or Parity Bonds. Amounts in the Special Tax Fund (other than the Administrative Expense Account therein) shall constitute a trust fund held for the benefit of the Owners to be applied to the payment of the interest on and principal of the Bonds and any Parity Bonds and, so long as any of the Bonds and any Parity Bonds or interest thereon remain Outstanding, shall not be used for any other purpose, except as permitted by this Indenture or any Supplemental Indenture.

Notwithstanding any provision contained in this Indenture to the contrary, Net Taxes deposited in the Rebate Fund and the Surplus Fund shall no longer be considered to be pledged to the Bonds or any Parity Bonds, and none of the Rebate Fund, the Surplus Fund, the Acquisition and Construction Fund or the Administrative Expense Account of the Special Tax Fund shall be construed as a trust fund held for the benefit of the Owners.

Nothing in this Indenture or any Supplemental Indenture shall preclude: (i) subject to the limitations contained hereunder, the redemption prior to maturity of any Bonds or Parity Bonds subject to call and redemption and payment of said Bonds or Parity Bonds from proceeds of refunding bonds issued under the Act as the same now exists or as hereafter amended, or under any other law of the State of California; or (ii) the issuance, subject to the limitations contained herein, of Parity Bonds which shall be payable from Net Taxes.

Section 2.4. Description of Bonds; Interest Rates. The Bonds and any Parity Bonds shall be issued in fully registered form in denominations of $5,000 or any integral multiple thereof.

The Bonds and any Parity Bonds of each issue shall be numbered as desired by the Trustee.

The Bonds shall be designated “Community Facilities District No. 2022-2 (McLaughlin Village) of the City of Menifee Special Tax Bonds, Series 2025.” The Bonds shall be dated as of their Delivery Date and shall mature and be payable on September 1 in the years and in the aggregate principal amounts and shall be subject to and shall bear interest at the rates set forth in the table below payable on September 1, 2025 and each Interest Payment Date thereafter:

Item Title: 12.1
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Maturity Date
September 1
Principal
Amount
Interest
Rate
$ %
*Term Bond
Interest shall be payable on each Bond and Parity Bond from the date established in accordance with Section 2.5 below on each Interest Payment Date thereafter until the principal sum of such Bond or Parity Bond has been paid; provided, however, that if at the maturity date of any Bond or Parity Bond (or if the same is redeemable and shall be duly called for redemption, then at the date fixed for redemption) funds are available for the payment or redemption thereof in full, in accordance with the terms of this Indenture, such Bonds and Parity Bonds shall then cease to bear interest. Interest due on the Bonds and Parity Bonds shall be calculated on the basis of a 360-day year comprised of twelve 30-day months.

Section 2.5. Place and Form of Payment. The Bonds and Parity Bonds shall be payable both as to principal and interest, and as to any premiums upon the redemption thereof, in lawful money of the United States of America. The principal of the Bonds and Parity Bonds and any premiums due upon the redemption thereof shall be payable upon presentation and surrender thereof at the Principal Office of the Trustee, or at the designated office of any successor Trustee. If the Nominee of the Bonds or Parity Bonds is registered to Cede & Co., payment of principal and any premiums shall be made without presentment. Interest on any Bond or Parity Bond shall be payable from the Interest Payment Date next preceding the date of authentication of such Bond or Parity Bond, unless: (i) such date of authentication is an Interest Payment Date, in which event interest shall be payable from such date of authentication; (ii) the date of authentication is after a Record Date but prior to the immediately succeeding Interest Payment Date, in which event interest shall be payable from the Interest Payment Date immediately succeeding the date of authentication; or (iii) the date of authentication is prior to the close of business on the first Record Date occurring after the issuance of such Bond or Parity Bond, in which event interest shall be payable from the dated date of such Bond or Parity Bond, as applicable; provided, however, that if at the time of authentication of such Bond or Parity Bond, interest is in default, interest on such Bond or Parity Bond shall be payable from the last Interest Payment Date to which the interest has been paid or made available for payment or, if no interest has been paid or made available for payment on such Bond or Parity Bond, interest on such Bond or Parity Bond shall be payable from its dated date. Interest on any Bond or Parity Bond shall be paid to the person whose name shall appear in the Bond Register as the Owner of such Bond or Parity Bond as of the close of business on the Record Date. Such interest shall be paid by check of the Trustee mailed by first class mail, postage prepaid, to such Owner at his or her address as it Item Title: 12.1
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appears on the Bond Register. In addition, upon a request in writing received by the Trustee on or before the applicable Record Date from an Owner of $1,000,000 or more in principal amount of the Bonds or of any issue of Parity Bonds, payment shall be made on the Interest Payment Date by wire transfer in immediately available funds to an account within the United States of America designated by such Owner.

Section 2.6. Form of Bonds and Parity Bonds. The definitive Bonds may be printed from steel engraved or lithographic plates or may be typewritten. The Bonds and the certificate of authentication shall be substantially in the form attached hereto as Exhibit A, which form is hereby approved and adopted as the form of such Bonds and of the certificate of authentication. Each issue of Parity Bonds and the certificate of authentication therefor shall be in the form provided in the Supplemental Indenture for such issue of Parity Bonds.

Until definitive Bonds or Parity Bonds, as applicable, shall be prepared, the District may cause to be executed and delivered in lieu of such definitive Bonds or Parity Bonds temporary bonds in typed, printed, lithographed or engraved form and in fully registered form, subject to the same provisions, limitations and conditions as are applicable in the case of definitive Bonds or Parity Bonds, except that they may be in any denominations authorized by the District. Until exchanged for definitive Bonds or Parity Bonds, as applicable, any temporary bond shall be entitled and subject to the same benefits and provisions of this Indenture as definitive Bonds and Parity Bonds. If the District issues temporary Bonds or Parity Bonds, it shall execute and furnish definitive Bonds or Parity Bonds, as applicable, without unnecessary delay and thereupon any temporary Bond or Parity Bond may be surrendered to the Trustee at its office, without expense to the Owner, in exchange for a definitive Bond or Parity Bond of the same issue, maturity, interest rate and principal amount in any authorized denomination. All temporary Bonds or Parity Bonds so surrendered shall be cancelled by the Trustee and shall not be reissued.

Section 2.7. Execution and Authentication. The Bonds and Parity Bonds shall be signed on behalf of the District by the manual or facsimile signature of the Mayor of the City and countersigned by the manual or facsimile signature of the City Clerk of the City, or any duly appointed Deputy Clerk, in their capacity as officers of the District, and the seal of the City or the District (or a facsimile thereof) may be impressed, imprinted, engraved or otherwise reproduced thereon, and attested by the signature of the City Clerk of the City. In case any one or more of the officers who shall have signed or sealed any of the Bonds or Parity Bonds shall cease to be such officer before the Bonds or Parity Bonds so signed and sealed have been authenticated and delivered by the Trustee (including new Bonds or Parity Bonds delivered pursuant to the provisions hereof with reference to the transfer and exchange of Bonds or Parity Bonds or lost, stolen, destroyed or mutilated Bonds or Parity Bonds), such Bonds and Parity Bonds shall nevertheless be valid and may be authenticated and delivered as herein provided, and may be issued as if the person who signed or sealed such Bonds or Parity Bonds had not ceased to hold such office.

Only the Bonds as shall bear thereon such certificate of authentication in the form set forth in Exhibit A attached hereto shall be entitled to any right or benefit under this Indenture, and no Bond shall be valid or obligatory for any purpose until such certificate of authentication shall have been duly executed by the Trustee.

Section 2.8. Bond Register. The Trustee will keep or cause to be kept, at its office, sufficient books for the registration and transfer of the Bonds and any Parity Bonds which shall upon reasonable prior notice be open to inspection by the District during all regular business hours, and, Item Title: 12.1
Community Facilities District 2022-2, McLaughlin Village, Issuance of Special Tax Bonds Item Page Number: 120

Menifee City CouncilJune 4, 2025

Menifee City Council
June 4, 2025