PETITION TO THE CITY COUNCIL OF THE CITY OF MENIFEE
REQUESTING INSTITUTION OF PROCEEDINGS FOR
ESTABLISHMENT OF A COMMUNITY FACILITIES DISTRICT
(COMMUNITY FACILITIES DISTRICT NO. 2025-5 INAUTICAL
COVE) OF THE CITY OF MENIFEE)
I . The undersigned is the owner (the "Owner") of more than l0% of the land depicted in Exhibit A hereto and described in Exhibit B hereto (the "Property"). The Property constitutes all of the land included within the boundaries of a community facilities district hereby proposed to be established. The Property is located within the City of Menifee (the "City") in the County of Riverside.
2. The Owner requests that the City Council of the City (the "City Council") institute proceedings to establish a community facilities district to be known as "Community Facilities District No.2025-5 (Nautical Cove) of the City of Menifee" (referred to herein as the "District") pursuant to Chapter 2.5 (commencing with Section 533 I I ), Part I , Division 2, Title 5, of the Government Code of the State of Califomia, commonly known as the "Mello-Roos Community Facilities Act of 1982" (the "Act") to include all ofthe Property.
3. The boundaries of the territory which is proposed for inclusion in the District are those depicted in Exhibit A hereto and described in Exhibit B hereto.
4. The Owner requests that the proposed District be used to finance the construction, purchase, modification, expansion and./or improvement of (i) drainage, library, park, street, roadway, traffic signal and streetlights, administration and general govemment facilities, fire and public safety facilities, and other public facilities of the City, including the foregoing public facilities which are included in the City's fee programs with respect to such facilities and authorized to be financed under the Act (the "City Facilities"); and (ii) water and sewer facilities, including the acquisition of capacity in the sewer system and/or water system of the Eastern Municipal Water District and water and sewer facilities included in Eastern Municipal Water District's water and sewer capacity and connection fee programs (the "Water Dislrict Facilities"); and (iii) undergrounding utilities and dry utilities (the "Utilities" and together, with the City Facilities and water District Facilities, the "Facilities"), and all appurtenances and appurtenant work in connection with the foregoing Facilities, including the cost of engineering, planning, designing, materials testing, coordination, construction staking, construction management and supervision for such Facilities, and to finance the incidental expenses to be incurred, including:
a. The cost ofengineering, planning and designing the Facilities; b. All costs, including costs of the property owner petitioning to form the District, associated with the creation of the District, the issuance of the bonds, the determination of the amount of special taxes to be levied and costs otherwise incurred in order to carry out the authorized purposes of the District; and
c. Any other expenses incidental to the construction, acquisition, modification, rehabilitation, completion and inspection of the Facilities. 49011-7376 5233v3/20029q-0029
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5. The Owner further requests that the City Council authorize the levy of special taxes in the District to pay the costs of the Facilities and the incidental costs described in paragraph 4 above (the "Special Tax") and to pay principal of interest and premium, ifany, on the bonds in order to contribute to the financing of the Facilities and costs described in paragraph 4 above.
6. The Owner further requests that, upon the sale of bonds, the City Council, as legislative body of the District, annually lery the Special Tax on the property within the Distnct for the construction, purchase, modification, expansion and/or improvement of the Facilities, for the payment ofthe aggregate amount of principal ofand interest owing on the bonds in each fiscal year, including the maintenance ofreserves therefor, and for the payment of administrative expenses ofthe District.
7. There has been advanced to the City the amounts necessary to pay for the costs related to the formation of the District. which amounts will be reimbursed, without interest, from the proceeds of the first sale ofthe bonds, ifany. The reimbursement ofsuch amounts is expected to be govemed by the terms of that certain Reimbursement Agreement to be entered into by and between the City and the Owner, relating to the District. If bonds are not sold, the City will have no obligation to reimburse amounts expended for costs incurred, but will reimburse any unexpended amounts advanced as set forth in the Reimbursement Agreement.
Dated: October ilr, 2025
KB HOME Cal Management Services LLC,
aD limited liability company
By:
Name: L,.Ir Horrs4n
Title: V ?
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EXHIBIT A
BOUNDARY MAP
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EXHIBIT B
LEGAL DESCRIPTION
Real property in the City of Menifee, County of Riverside, State of Califomia, described as follows:
County of Riverside Assessor Parcel No: 364-200-009
4908-7176-52l3vl/200299-0029
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