CFD 2025‐3 (Quail Hills)
Proforma Summary Sheet
Applicant: Arroyo Partners – Quail Hills LP
Project Description
Acreage Gross: 43.42; Net: 16.79
Development Description Detached Single Family Residential Units Number of Units (50 min) 130 Units
Estimated Home Size Range 1,700 SF to 2,850 SF
Average Home Size 2,342 SF
Average Estimated Home Price $603,582
Total Effective Tax Rate (2.00% Max) 1.99%
CFD Tax Rate Range $1,711 to $2,182
Escalation (2.00% Max) Yes, 2.00%
Maintenance CFD Yes, CFD 2017‐1 Tax Zone 25
Maintenance CFD Rate $589/Unit
Bond Sizing Assumptions
Average Coupon 5.00%
Priority Administration $30,000
Cost of Issuance $250,000
Capitalized Interest Period 0‐months
Special Tax Escalation 2%
Bond Term 30 Years
Underwriter Discount 2.00%
Total Special Tax Revenues $258,509
Estimated Sources and Uses
Sources
Par Bond Amount $3,980,000
Uses
Reserve Fund $348,465
Capitalized Interest $0
Underwriter Discount $79,600
Cost of Issuance $250,000
Improvement Fund $3,301,935
Allocation of Improvement Fund
Description % of Total Total Eligible Potentially Funded City Premium (20%) 17% $552,598 $552,598
City Fees 83% $2,762,988 $2,749,337
Totals $3,315,586 $3,301,935
Unfunded $13,651
Proposed Schedule
Finance Committee July 9, 2025
Resolution of Intention September 3, 2025
Public Hearing October 15, 2025
2nd Reading Ordinance November 5, 2025