City of Menifee
Proposed Community Facilities District
Special Funding District Application Packet
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City of Menifee
Special Funding District Application Packet
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Table of Contents
Special Funding District Application Form
Exhibits
Exhibit : Total Tax Rate Analysis
Exhibit : Facilities List
Exhibit : Proposed Special Tax
Exhibit : Summary of Acreage, Undeveloped and Backup
Special Tax Rates
Exhibit : Lot Summary
Exhibit : Tract Map
Exhibit : Title Report
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Quail Hills
Undeveloped land east of Williams Drive, northwest of Goetz Road, and south of Rancho Drive.
Tentative Tract No. 37692. Gross Acres: 44.70.
341-060-002
341-060-012
37692
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City of Menifee
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Special District Application
2. PROPERTY OWNER INFORMATION (Attach Grant Deed)
3. CONSULTANT/APPLICANT INFORMATION
4. ENGINEERING INFORMATION
5. PROJECT LAND USE (Per Improvement Area or Zone, When Applicable) A. Number of Taxable Units
B. Proposed Product Mix See ([KLELW$WWDFKHG
C. Base Sale Price Information 6HH([KLELW$WWDFKHG D. Number of Taxable Acres
Attach Backup
E. Number of Exempt Acres
Attach Backup
F. Desired Tax Rate Burden %
G. Anticipated Absorption per month
A. Landowner Name(s)
Attach Backup (if needed)
B. Contact Name
C. Title
D. Mailing Information
E. Phone
F. Fax
G. E-Mail
A. Company Name
B. Contact Name
C. Title
D. Mailing Information
E. Phone
F. Fax
G. E-Mail
A. Company Name
B. Contact Name
C. Title
D. Mailing Information
E. Phone
F. Fax
G. E-Mail
Quail Hills LP
Paul Onufer
Managing Member
556 S. Fair Oaks Avenue #337 Pasadena, CA 91105
(626) 263 - 4205
[email protected]
DPFG
Nick Abdulla
Senior Associate
26840 Aliso Viejo Parkway, Suite 110, Aliso Viejo, CA 92656 (949) 388-9269 Ext. 1162
(949) 388-9272
[email protected]
Proactiive Engineering Consultants
Ati Eskandari, P.E.
Associate - Principal Project Manager
200 S. Main Street Suite 300, Corona CA 92882
(951) 280 - 3310
[email protected]
130
16.79 Acres
27.91 Acres
See Exhibit 1 Attached
4 Sales
Special District Application
6. COMPOSITION OF DEVELOPABLE ACREAGE
Attach Additional Backup (if needed)
Residential
Commercial-Retail
Business Park
School Site
PROPOSED RESIDENTIAL PRODUCT MIX
Plan Number
Apartment, Attached, or Detached
Number of Units
Average Lot Size
Prices
Square Footage of Living Area
Occupancies (See Table Below)
Quarter & Year Plan 1 Plan 2 Plan 3 Plan 4
7. FINANCING STRUCTURES OFFERED TO HOMEBUYERS
ڧFHA 伫 VA 伫 VARIABLE
ڧOTHER
8. FINANCING MECHANICS
Acreage Commence Occupancy
(Quarter & Year)
1 2 3 4
sq. ft.
A. Preparation of Boundary Map
Attach if possible
B. Preparation of RMA
Attach if possible
C. Proposed JCFAs
Agency Name
Funding Purpose (i.e. fees, facilities)
Name
Contact Name
Mailing Address
Phone
Fax
Email
44.70 Gross & 16.79 Net Acres Q4 2025
Detached
See Exhibit 1 Attached
See Exhibit 1 Attached
See Exhibit 1 Attached
4 Sales Per Month Starting Q4 2025
■ TBD
Spicer Consulting Group
Spicer Consulting Group
None
5,626
Special District Application
Agency Name
Funding Purpose (i.e. fees, facilities)
Name
Contact Name
Mailing Address
Phone
Fax
Email
D. Additional Land Secured Financings Proposed
Agency Name & Backup
E. Overlapping Land Secured Financings List all existing special taxes, assessments, & liens as well as agency name(s)* F. Improvement Area(s)/Zone(s) 侊 Yes 侊䢢No
G. Basis for Either
H. Initial Levy Fiscal Year
I. Final Levy Fiscal Year (Anticipated)
J. Proposed Capitalized Interest Months
K. Proposed Facilities Costs Breakout Between Improvement Area(s)/Zone(s) & Type of Facility/Agency L. Summary of Proposed Methodology Proposed Land Use Categories & Method of Apportionment Questions? Contact our Special Tax Consultant, Spicer Consulting Group at 866-504-2067. Thank you. * Attach backup as needed
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Fiscal Year 2025-26
Fiscal Year 2057-58
3 See Exhibit 3.
See Exhibit 1.
See Exhibit 2.
I. Home Prices and Combined Tax Rates:
LAND USE INFORMATION
Proposed 0 FY 24/25 Other Fixed ESTIMATED FY 24/25 Proposed Proposed CFD Base Ad Charges City of Menifee Perris Union City of Menifee EMWD Total Total City of Menifee Product Plan Sq. Ft. Home No. Home Valorem and Maint. CFD 2017-1 High School CFD CFD Tax per Tax SD CFD Type No. Category Size Units Price Tax Rate Assess. Special Tax District CFD 92-1 Special Tax Special Tax Unit Rate Special Taxes (a) (a) (a) (a) (a) (b) (c) (d) (e) (f)
SFD 1 1,800 - 2,000 1,898 21 565,990$ 6,487$ 36$ 589$ 336$ 1,817$ 2,050$ 11,315$ 2.00% 38,158$ SFD 2 2,000 - 2,200 2,150 21 584,990 6,705 36 589 336 1,910 2,100 11,676 2.00% 40,116 SFD 3 2,200 - 2,400 2,239 22 599,990 6,877 36 589 336 1,984 2,150 11,972 2.00% 43,646 SFD 4 2,200 - 2,400 2,397 22 609,990 6,992 36 589 336 1,984 2,150 12,086 1.98% 43,646 SFD 5 2,600 - 2,800 2,650 22 625,990 7,175 36 589 336 2,112 2,250 12,497 2.00% 46,454 SFD 6 > 2,800 2,850 22 641,990 7,358 36 589 336 2,190 2,300 12,809 2.00% 48,182 Total/ Wtd. Avg. 2,369 130 605,275$ 6,938$ 36$ 589$ 336$ 2,002$ 2,168$ 12,068$ 1.99% 260,203$ Total
Total Annual Special Taxes for Bonding (Revenues less $30,000 Annual Admin/ 110% Coverage) 209,276$ lI. CFD Bond Sizing & Construction Proceeds:
Bond Amount (5.00% Interest, 30 Year Term, 29 Year Amortization, 2% Annual Esc.) 4,050,000$ Underwriter Discount (2.00%) (81,000)$
Reserve Fund (125% Annual Avg. Debt Service) (353,746)
Capitalized Interest (3 mos) (50,625)
Incidental Costs (Estimate) (249,044)
Premium to City (20% of DIF Obligation) (552,598)
Total Net Construction Proceeds 2,762,988$
Per Unit 21,254
III. Allocation of Net Construction Proceeds: Per DU Total City of Menifee DIF Fees (100.00% of $2,762,988) 21,254$ 2,762,988$ Total Net Proceeds - City of Menifee CFD 21,254$ 2,762,988$ IV. Footnotes:
(a) Product, mix and pricing per Arroyo Partners as of 5/23/2025. (b) Includes 1.00% plus the following:
Tax of 0.06850% is charged for fiscal year 2024-25 by the Perris Union High School District to pay debt service for outstanding bonds within the district.
Tax of 0.00268% is charged for fiscal year 2024-25 by the Mt. San Jacinto Junior College District to pay debt service for outstanding bonds within the district.
Tax of 0.00700% is charged for fiscal year 2024-25 by the Metropolitan Water District East to all parcels to pay debt service for outstanding bonds.
Tax of 0.05080% is charged for fiscal year 2024-25 by the Menifee Union School District to all parcels to pay debt service for outstanding bonds.
Tax of 0.00860% is charged for fiscal year 2024-25 by the Eastern Municipal Water District Improvement District U-35 to all parcels to pay debt service for outstanding bonds.
Tax of 0.00860% is charged for fiscal year 2024-25 by the Eastern Municpal Water District Improvement District U-36 to all parcels to pay debt service for outstanding bonds. (c) Includes the following:
MWD levies a standby charge of $6.94 per acre, or $6.94 per parcel if less than an acre.
EMWD levies a standby charge of $25.00 per acre, or $25.00 per parcel if less than an acre.
County of Riverside levies an assessment of $3.74 per lot for flood control services. (d)
(e)
(f)
Represents the Assigned Annual Special Tax for Perris Union High School District CFD No. 92-1 for Fiscal Year 2024-25. This amount escalates by 2% each year.
Future City of Menifee Maintenance CFD No. 2017-1 ESTIMATED tax of $589.00 per lot. This assumes HOA maintains everything behind the gates and the CFD maintains Goetz Road landscaping, trail, sidewalk, street sweeping, streetlights, and trees as well as Citywide co park and graffiti maintenance.
Exhibit 1
Arroyo Partners
Quail Hills (Tract No. 37692)
Proposed City CFD Bond Sizing and Total Tax Rate Analysis PROPOSED City of Menifee CFD
Reflects the proposed City of Menifee CFD special taxes to finance the projects Development Impact Fees.
TOTAL TAX RATE ANALYSIS
June 10, 2025
Proposed City of Menifee CFD
Development Impact Fees (2025 Fees) [1] Fee Per Unit No. Units Total General Government 1,316 130 171,080 Fire 724 130 94,120
Law Enforcement 1,035 130 134,550 Parks & Recreation 1,928 130 250,640 Transportation Impact Fees 7,943 130 1,032,590 Quimby (Estimate) [2] 8,308 130 1,080,008 Total City Development Impact Fees 21,254$ 2,762,988$ Footnotes:
[1] Reflects the City of Menifee Development Impact Fees effective 7/1/2025.
Proposed City CFD Bond Sizing and Total Tax Rate Analysis Preliminary Facilities List
[2] The Quimby fee is calculated per section 7.75.070 of the municipal code and is equal to the average number of persons per single family residential unit (2.85) x 0.005 acres x the estimated fair market value per acre ($583,000). The fair market value of the land is estimated to be $583,000 based on a currently completed appraisal for a comparable project that was approved by the City.
Exhibit 2
Arroyo Partners
Quail Hills (Tract No. 37692)