CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Calculation of Bond Sizing and Total Tax Rates
I. Home Prices and Combined Tax Rates:
Plan 12 3 CFD TOTAL
Range of Home Sizes in Square Feet per RMA Under 2,400 to Over 2,400 2,700 2,700
Estimated Home Size 2,300 2,500 2,800 2,533
Estimated Home Price $595,000 $620,000 $655,000 $623,333 Ad‐Valorem Tax Rate (1.00%) $5,950.00 $6,200.00 $6,550.00 $6,233.33 Metro Water East (0.00700%) $41.65 $43.40 $45.85 $43.63 Perris Union HS (0.06850%) $407.58 $424.70 $448.68 $426.98 Mt. San Jacinto Jr. College (0.00268%) $15.95 $16.62 $17.55 $16.71 Subtotal GO Bond Debt $6,415.17 $6,684.72 $7,062.08 $6,720.66 Flood Control Stormwater $3.75 $3.75 $3.75 $3.75
EMWD Standby $11.00 $11.00 $11.00 $11.00
EMWD Availability Charge $26.00 $26.00 $26.00 $26.00
MWD Standby charge $6.94 $6.94 $6.94 $6.94
Proposed CFD No. 2017‐1 ‐ Maint Svcs* $1,139.00 $1,139.00 $1,139.00 $1,139.00 Proposed CFD No. 2025‐5 ‐ Facilities Tax** $4,298.00 $4,529.00 $4,851.00 $4,559.33 Subtotal Special Assessments and Taxes $5,484.69 $5,715.69 $6,037.69 $5,746.02 Total Annual Property Taxes $11,899.86 $12,400.41 $13,099.77 $12,466.68 Annual Prop. Tax Rates as % of Home Price 2.00% 2.00% 2.00% 2.00% Unit Mix 15 15 15 45 (1)Total CFD ‐ Annual Tax Collections $64,470 $67,935 $72,765 $205,170 (2)Administration $25,000
Total Annual Special Taxes for Bonding
((1)Special Taxes ‐ (2)Admin. / 110% Cov) $51,468 $54,234 $58,090 $163,791 II. Total Estimated Home Square Footage: 34,500 37,500 42,000 114,000 * Escalates at greater of 2% or CPI
** Includes a 2% annual escalator for debt service
III. CFD Bond Sizing & Construction Proceeds:
2026 Bond Amount (5.50% Interest, 30 Year Term, 29 Year Amortization) $2,945,000 Underwriter Discount (2.00%) $58,900
Reserve Fund (Maximum Annual Debt Service) $274,366
Capitalized Interest (0 mos.) $0
Incidental Costs (Estimate) $250,000
Total Discount, Reserve Fund, Capitalized Interest and Incidental Costs $583,266 Net Bond Proceeds $2,361,734
CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Summary of Acreage, Undeveloped Property
And Backup Special Tax Rates
Tract No. 38525
45 Lots
(Coastline)
I. Calculation of Net Taxable Acres:
Gross Acreage 39.09
Less: Exempt Acres 32.52
Net Taxable Acres 6.57
II. Calculation of Undeveloped Property Tax Rate:
Total Developed Property Revenues $205,170
Net Taxable Acres 6.57
Less: Contingency Factor (10%) 0.66
Net Taxable Acres (Adjusted) 5.92
Undeveloped Property Tax Rate per Acre $34,678
Total Exempt Acreage 33.17
III. Calculation of Backup Special Tax Rate:
A. Backup Special Tax Rate per Unit
Total Taxable Acres 6.57
Undeveloped Property Tax Rate per Acre $34,678
Total Units 45
Backup Special Tax per Unit $5,066
B. Backup Special Tax Rate per Lot Square Foot
Total Developed Property Revenues $205,170
Total Net Acres (Square Feet) 257,719
Backup Special Tax Rate per Lot Square Foot $0.7961
CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Calculation of Bond Sizing and Total Tax Rates
Debt Service No. of Total Annual
Tax Rate Units Collectable Tax Max Tax Rates
Less than 2,400 $4,298.0 0 15 $64,47 0 $75,989
2,400 to 2,700 $4,529.00 15 $67,935 $75,989
Greater than 2,700 $4,851.00 15 $72,765 $75,989
Non‐residential Property $34,678
Backup Tax Rate per Unit $5,066
Backup Tax Rate per S.F. $0.7961
45 $205,170 $227,966
Tax Rate for Bonding $179,969
Sizing at Max tax rate $3,300,000
Future Facilities (rounded up) $3,000,000
Range of Home Sizes
CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Use of Bond Proceeds
CFD 2025‐6 Tract No. 38525
45 Lots
FUNDING REQUIREMENTS Per Lot (Coastline)
City Fees
Law Enforcement $1,035 $46,575
Fire Facilities $724 $32,580
Circulation $7,943 $357,435
Fair Share Traffic Impact Fee $444 $20,000
Quimby Fees $2,222 $100,000
General Govt $1,316 $59,220
Parks and Recreation $1,928 $86,760
Subtotal City Fees $15,613 $702,570
City Premium (20%) $3,123 $140,514
Total City Fees $18,735 $843,084
City Facilities
Storm Drain Improvements $15,472 $696,248
Total City Facilities $15,472 $696,248
Total City Facilities and Fees $34,207 $1,539,332
EMWD Fees
Sewer Financial Participation Charge $3,514 $158,130
Sewer Treatment Plant Capacity Charge $6,662 $299,790
Water Financial Participation Charge $7,498 $337,410
Water Supply Development Fee $407 $18,315
1" Meter Drop‐In Fee $405 $18,225
Total EMWD Fees $18,486 $831,870
Romoland School District Fees
Level I School Developer Fee $13,110 $589,950
Total Romoland School District Fees $13,110 $589,950
Total Cost $65,803 $2,961,152
Potential Project Funds Available $2,361,734
ALLOCATION OF PROCEEDS % Per Lot Total
City Premium 6% $3,123 $140,514
City Facilities 29% $15,472 $696,248
City Fees 30% $15,613 $702,570
Other Agency 35% $18,276 $822,402
Total Funded by Bond Proceeds 100% $52,483 $2,361,734
UNFUNDED REQUIREMENTS
Net Bond Proceeds Deficit ($0)
Unfunded Requirement $599,418
Total Fees to be Funded by Developer $599,418
CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Revenue Coverage ‐ Assigned Tax Rate
Year
Period
Ending
Gross
Revenues
Priority
Admin Principal Coupon Interest
Net Debt
Service
Debt
Service
Coverage
1 9/1/2026 $205,170 $25,000 $0 5.50% $161,975 $161,975 111.23% 2 9/1/2027 $209,273 $25,500 $0 5.50% $161,975 $161,975 113.46% 3 9/1/2028 $213,459 $26,010 $5,000 5.50% $161,975 $166,975 112.26% 4 9/1/2029 $217,728 $26,530 $10,000 5.50% $161,700 $171,700 111.36% 5 9/1/2030 $222,083 $27,061 $15,000 5.50% $161,150 $176,150 110.71% 6 9/1/2031 $226,524 $27,602 $20,000 5.50% $160,325 $180,325 110.31% 7 9/1/2032 $231,055 $28,154 $25,000 5.50% $159,225 $184,225 110.14% 8 9/1/2033 $235,676 $28,717 $30,000 5.50% $157,850 $187,850 110.17% 9 9/1/2034 $240,389 $29,291 $35,000 5.50% $156,200 $191,200 110.41% 10 9/1/2035 $245,197 $29,877 $40,000 5.50% $154,275 $194,275 110.83% 11 9/1/2036 $250,101 $30,475 $45,000 5.50% $152,075 $197,075 111.44% 12 9/1/2037 $255,103 $31,084 $50,000 5.50% $149,600 $199,600 112.23% 13 9/1/2038 $260,205 $31,706 $60,000 5.50% $146,850 $206,850 110.47% 14 9/1/2039 $265,409 $32,340 $65,000 5.50% $143,550 $208,550 111.76% 15 9/1/2040 $270,717 $32,987 $75,000 5.50% $139,975 $214,975 110.59% 16 9/1/2041 $276,132 $33,647 $80,000 5.50% $135,850 $215,850 112.34% 17 9/1/2042 $281,654 $34,320 $90,000 5.50% $131,450 $221,450 111.69% 18 9/1/2043 $287,288 $35,006 $100,000 5.50% $126,500 $226,500 111.38% 19 9/1/2044 $293,033 $35,706 $110,000 5.50% $121,000 $231,000 111.40% 20 9/1/2045 $298,894 $36,420 $120,000 5.50% $114,950 $234,950 111.71% 21 9/1/2046 $304,872 $37,149 $130,000 5.50% $108,350 $238,350 112.32% 22 9/1/2047 $310,969 $37,892 $145,000 5.50% $101,200 $246,200 110.92% 23 9/1/2048 $317,189 $38,649 $160,000 5.50% $93,225 $253,225 110.00% 24 9/1/2049 $323,532 $39,422 $170,000 5.50% $84,425 $254,425 111.67% 25 9/1/2050 $330,003 $40,211 $185,000 5.50% $75,075 $260,075 111.43% 26 9/1/2051 $336,603 $41,015 $200,000 5.50% $64,900 $264,900 111.58% 27 9/1/2052 $343,335 $41,835 $215,000 5.50% $53,900 $268,900 112.12% 28 9/1/2053 $350,202 $42,672 $235,000 5.50% $42,075 $277,075 110.99% 29 9/1/2054 $357,206 $43,526 $255,000 5.50% $29,150 $284,150 110.39% 30 9/1/2055 $364,350 $44,396 $275,000 5.50% $15,125 $290,125 110.28% Total $8,323,353 $1,014,202 $2,945,000 $3,625,875 $6,570,875 111.24% CITY OF MENIFEE DRAFT v2
Community Facilities District No. 2025‐6
(Coastline)
Tract No. 38525
Lot Summary
Lot SF Acreage Lot SF Acreage
1 5,332 0.12 40 6,003 0.14
2 5,817 0.13 41 6,013 0.14
3 5,956 0.14 42 6,015 0.14
4 6,024 0.14 43 6,004 0.14
5 5,813 0.13 44 6,034 0.14
6 6,425 0.15 45 6,020 0.14
7 9,064 0.21
8 6,131 0.14
9 5,070 0.12
10 5,907 0.14
11 5,993 0.14
12 5,736 0.13
13 5,006 0.11
14 5,890 0.14
15 5,854 0.13
16 6,227 0.14
17 6,721 0.15
18 6,729 0.15
19 6,920 0.16
20 7,505 0.17
21 6,637 0.15
22 5,177 0.12
23 5,826 0.13
24 5,981 0.14
25 6,821 0.16
26 6,857 0.16
27 6,636 0.15
28 8,110 0.19
29 6,616 0.15
30 7,775 0.18
31 8,892 0.20
32 7,726 0.18
33 6,659 0.15
34 6,079 0.14
35 6,096 0.14
36 6,122 0.14
37 6,015 0.14
38 6,083 0.14
39 6,037 0.14
Totals 250,265 5.75 36,089 0.83 ‐ ‐ Grand Total 286,354 6.57
CITY OF MENIFEE DRAFT v3
CFD No. 2017-1 (Maintenance Services)
Applicant Development Name Tract No. Res/Comm Date Tax Year Jim Zimmerman Menifee 50 38525 Residential 7/31/2025 2026 Units Net Acres Gross Acres Net Acres Units Annex No. 45 8.26
Principal 39.09 8.26 45 20 Description Measure Tax A Total Tax B Total Per Unit Grand Total Street Frontage SF 20,875 $6,559.31 - $0.00 $6,559.31 Other Type Qty - $0.00 - $0.00 $0.00 Subtotal $145.76 $6,559.31 $0.00 $0.00 $145.76 $6,559.31 100 Watt, 12,300 Lumens Qty 12 $2,883.12 - $0.00 $2,883.12 Other Types Qty - $0.00 - $0.00 $0.00 Subtotal $64.07 $2,883.12 $0.00 $0.00 $64.07 $2,883.12
Street Sweeping LF 1,325 $637.25 $0.00 $637.25 Sidewalks - (30 year replacement $4.77/SF) SF 7,820 $1,564.79 - $0.00 $1,564.79 Pavement Management - (Every 6 Years) SF 39,750 $2,591.50 - $0.00 $2,591.50 Subtotal $106.52 $4,793.54 $0.00 $0.00 $106.52 $4,793.54 Channel SF 137,700 $3,775.42 - $0.00 $3,775.42 Curb Inlet/Catch Basin EA 3 $1,108.02 4 $1,477.35 $2,585.37 Detention/Debris Basin SF 12,220 $3,940.13 5,990 $1,931.37 $5,871.50 Storm Drain Pipe LF 1,545 $423.60 365 $100.07 $523.68 WQ Intlet Structure EA 3 $1,612.26 2 $1,074.84 $2,687.10 Paved Access Road EA 1 $500.00 1 $500.00 $1,000.00 Subtotal $252.43 $11,359.43 $112.97 $5,083.64 $365.40 $16,443.08 Neighborhood (5 ac. Per 1,000) Acre 0.71 $16,786.32 - $0.00 $16,786.32 Subtotal $373.03 $16,786.32 $0.00 $0.00 $373.03 $16,786.32 Graffiti
Abatement EA 45 $211.80 - $0.00 $211.80 Subtotal $4.71 $211.80 $0.00 $0.00 $4.71 $211.80
Total Direct Costs $946.52 $42,593.53 $112.97 $5,083.64 $1,059.49 $47,677.17 Description Tax A Total Tax B Total Total
Reserves (15%) $6,389.03 $762.55 $7,151.58
Auditor-Controller Fees ($135/Yr) $135.00 $135.00 $270.00 Admin (5%) - Minimum $1,000 $2,137.44 $1,000.00 $3,137.44 Total Soft Costs $192.48 $8,661.47 $42.17 $1,897.55 $234.64 $10,559.01 Grand Total $1,139.00 $51,255.00 $155.14 $6,981.19 $1,294.14 $58,236.19 Rate/Cost Rate Total Rate Total Rate Total
Per Unit $1,139.00 $51,255.00 $155.14 $6,981.19 $1,294.14 $58,236.19 Per Acre $6,205.21 $51,255.00 $845.18 $6,981.19 $7,050.39 $58,236.19 Soft Costs
Tax A Tax B ALL
LandLightingStreetsDrain