Finance & Governance Committee
May 10, 2022

2 (the “Bank”), as fiscal agent (the “Fiscal Agent Agreements”) (collectively, the “Local Agency Financing Documents”); and
WHEREAS, the Local Agency Financing Documents contain certain references to the Series 2012 Bonds and the 2012 Indenture, and the Local Agency Financing Documents shall be amended upon the issuance of the Bonds to reference the Bonds and Indenture; and WHEREAS, in order to accommodate the pledge and assignment of the Acquired Obligation to the payment of the Bonds, as set forth in the Indenture, there has been presented to the Board a form of First Amendment to Local Agency Financing Documents to be entered into among the Authority, the City, Certain Community Facilities Districts of the City of Oxnard, and Computershare Trust Company, N.A., as Fiscal Agent (the “Fiscal Agent”) which agreement amends provisions of the documents relating to the Series 2012 Bonds in the Local Agency Financing Documents; and
WHEREAS, the Authority determined that the Bonds should be offered for private placement, have requested Piper Sandler & Co. to serve as placement agent (the “Placement Agent”) and have received a term sheet from ______________ (the “Purchaser”); and WHEREAS, there has been presented a Private Placement Agreement (the “Private Placement Agreement”) which sets forth the terms and conditions for the delivery of the financing; and
WHEREAS, the Authority has appointed NHA Advisors LLP, as municipal advisor (the "Municipal Advisor") to, among other things, advise the City and the Authority with respect to Bond interest rates, professional fees, and other financing matters relating to the issuance of the Bonds; and
WHEREAS, the Authority has appointed Best Best & Krieger LLP as bond counsel ("Bond Counsel") to prepare proceedings for the issuance, sale, and delivery of the Bonds in connection with the issuance of the Bonds; and
WHEREAS, the forms of the following documents are on file with the Secretary of this Board (the "Secretary") and have been submitted to this Board, and the Chief Financial Officer of the City, acting as the Controller of the Authority (the "Controller"), in consultation with the Placement Agent, the Municipal Advisor, and Bond Counsel, has examined and approved each document and has recommended that this Board direct the completion, where appropriate, and the execution and delivery of such documents and the consummation of such financing:
(a) the Indenture;
(b) the Private Placement Agreement;
(c) First Amendment to Local Agency Financing Documents ; and (d) Irrevocable Investment Instructions for the Series 2012 Bonds.

WHEREAS, moneys will be set aside by the Authority to prepay the Series 2012 Bonds will be deposited under Irrevocable Refunding Instructions to be given by the Authority to Computershare Trust Company, N.A., as Trustee for the Series 2012 Bonds (the “2012 Trustee”); and
189
60302.00021\35017946.2
Finance Authority Resolution No. __

3 WHEREAS, as the result of the passage of SB 450 that became effective on January 1, 2018, Section 5852.1 of the Government Code of the State of California (“Section 5852.1”) provides that the Authority obtain from an underwriter, municipal advisor or private lender and disclose, in a meeting open to the public, prior to authorization of the Bonds, good faith estimates of: (a) the true interest cost of the Bonds, (b) the finance charge of the Bonds, meaning the sum of all fees and charges paid to third parties, (c) the amount of proceeds of the Bonds received less the finance charge described above and any reserves or capitalized interest paid or funded with proceeds of the Bonds, and (d) the sum total of all payments on the Bonds calculated to the final date of maturity plus the fees and charges paid to third parties not paid with the proceeds of the Bonds; and
WHEREAS, in accordance with Section 5852.1, the Authority has obtained such good faith estimates from NHA Advisors, the Authority’s municipal advisor, and such estimates are disclosed in Exhibit A to this Resolution (the “SB 450 Summary”); and NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY the Board of Directors of the City of Oxnard Financing Authority as follows:

Section 1. The foregoing recitals are, and each of them is, true and correct.

Section 2. The Authority's issuance of the Bonds pursuant to the Act to refund the Series 2012 Bonds will provide "significant public benefits" (as such term is defined in Government Code Section 6586) to the citizens of the City because it is expected that such use will provide demonstrable savings in effective interest rate costs, or more efficient delivery of local agency services to residential and commercial development.

Section 3. The Indenture is approved in substantially the form presented to this meeting.

The Chair, Vice-Chair, the Executive Director, Chief Financial Officer and Secretary of the Board of Directors (each an “Authorized Representative”) are each individually authorized and directed, for and in the name of the Authority, to execute and deliver the Indenture with such changes, insertions, and omissions as such Authorized Representative shall require or approve, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 4. The document named “Irrevocable Refunding Instructions” to be given by the Authority to the 2012 Trustee is hereby approved and any of the Authorized Representatives are each individually authorized to execute, acknowledge and deliver said instruction on behalf of the Authority in substantially the form hereby approved with such changes therein as the officer executing the same may approve, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 5. The financing terms presented to the Authority are approved as follows:
maximum principal amount of financing is $19,200,000; maximum interest rate with respect to the financing is 3.87%, except in the event of default, or if interest payable on the Bonds is determined to be taxable, such rate may increase as agreed upon in the Indenture, and maximum final maturity for the financing is September 2, 2033.

Section 6. The Authority hereby approves the Private Placement Agreement in substantially the form on file with the Secretary, together with such additions thereto and 190
60302.00021\35017946.2
Finance Authority Resolution No. __

4 changes therein as Bond Counsel shall deem necessary, desirable or appropriate, the execution of which by the Authorized Representatives shall be conclusive evidence of the approval of any such additions and changes.

Section 7. The Board approves the form of the First Amendment to Local Agency Financing Documents as presented to the Board at the meeting at which this resolution is adopted, together with any changes therein or additions thereto which are deemed advisable by any Authorized Representative, upon consultation with Bond Counsel, and any Authorized Representative are hereby authorized and directed for and in the name and on behalf of the Authority to execute the final form of the First Amendment to Local Agency Financing Documents.

Section 8. The Bonds, in an aggregate principal amount not to exceed $19,200,000, designated "City of Oxnard Financing Authority 2022 Local Obligation Revenue Refunding Bonds (Special District Bonds)," are authorized to be issued, sold, and delivered by the Authority in accordance with the terms and provisions of the Indenture and the Private Placement Agreement. The proceeds from the sale of the Bonds shall be deposited as provided in the Indenture. The Authorized Representatives are each individually authorized and directed, for and in the name of the Authority, to execute (manually or by facsimile) and deliver the Bonds with such changes, insertions, and omissions as the officer executing the same shall require or approve, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 9. Computershare Trust Company, N.A., is appointed as Trustee under and pursuant to the Indenture, with the respective powers and duties of said office as set forth therein.

The Trustee is requested and directed to execute and deliver the Bonds to the Purchaser in accordance with written instructions to be executed on behalf of the Authority by an Authorized Representative.

Section 10. The Authorized Representatives and any other proper officer of the Authority are authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents necessary or proper for carrying out the transactions contemplated by the Indenture, the Private Placement Agreement, First Amendment to Local Agency Financing Documents, the Irrevocable Refunding Instructions, and this Resolution and to execute and deliver any and all certificates and representations, including signature certificates, no-litigation certificates, tax certificates, and certificates necessary and desirable to accomplish the transactions described in such documents or as set forth above.

Section 11. All actions previously taken by this Board and by the officers and staff of the Authority with respect to the matters addressed by this Resolution are approved, ratified, and confirmed.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 191
60302.00021\35017946.2
Finance Authority Resolution No. __

5 Section 12. Effective Date. This Resolution shall take effect from and after the date of its passage and adoption.

PASSED AND ADOPTED this ___ day of __________, 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John C. Zaragoza, Chairman
ATTEST:
_________________________
Rose Chapparo, Secretary
APPROVED AS TO FORM:
______________________________
Stephen Fischer, Authority Counsel
192
60302.00021\35017946.2
Finance Authority Resolution No. __

STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.

CITY OF OXNARD )
I, Rose Chapparo, Secretary of the City of Oxnard Financing Authority, do hereby certify the attached to be a true and correct copy of City of Oxnard Financing Authority Resolution No. _______, adopted at the Oxnard City Council Meeting held on __________, 2022. The original resolution is on file in the City Clerk’s Office at 300 W. Third Street, Oxnard, California 93030.

DATED this ___ day of __________, 2022.
__________________________________
Rose Chapparo
Secretary
193
60302.00021\35017946.2
A-1

EXHIBIT A

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 Authority by the Municipal Advisor.

Principal Amount. The Municipal Advisor has informed the Authority that, based on the Authority’s financing plan and current market conditions, its good faith estimate of the aggregate principal amount of the Bonds to be sold is $19,111,000, (the “Estimated Principal Amount”).

True Interest Cost of the Bonds. The Municipal Advisor has informed the Authority that, assuming that the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, their 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 3.25%.

Finance Charge of the Bonds. The Municipal Advisor has informed the Authority that, assuming that the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, their 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 $275,000.

Amount of Proceeds to be Received. The Municipal Advisor has informed the Authority that, assuming that the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, their good faith estimate of the amount of proceeds expected to be received by the Authority for sale of the Bonds, less the finance charge of the Bonds, as estimated above, and any reserves or capitalized interest paid or funded with proceeds of the Bonds, is $16,924,976.

Total Payment Amount. The Municipal Advisor has informed the Authority that, assuming that the Estimated Principal Amount of the Bonds is sold, and based on market interest rates prevailing at the time of preparation of such estimate, their good faith estimate of the total payment amount, which means the sum total of all payments the Authority 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 $22,629,974, which excludes any reserves or capitalized interest paid or funded with proceeds of the Bonds (which may offset such total payment amount).

The foregoing estimates constitute good faith estimates only as of April 19, 2022, and are based on market conditions prevailing at the time of preparation of such estimates. 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 194
60302.00021\35017946.2
A-2
principal amount of Bonds sold being different from the Estimated Principal 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 Authority’s financing plan, or a combination of such factors. The actual date of sale of the Bonds and the actual principal amount of the Bonds sold will be determined by the Authority 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, national, international and other factors beyond the control of the Authority, or the Municipal Advisor. 195
60302.00021\35017658.1 1

CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. _________

RESOLUTION OF THE CITY COUNCIL OF CITY OF OXNARD APPROVING A FIRST

AMENDMENT TO LOCAL AGENCY FINANCING DOCUMENTS AND THE EXECUTION

OF CERTAIN CERTIFICATES RELATING TO THE ISSUANCE BY THE CITY OF

OXNARD FINANCING AUTHORITY OF REFUNDING REVENUE BONDS FOR THE PURPOSE OF REFUNDING ITS OUTSTANDING SERIES 2012 BONDS
WHEREAS, the City of Oxnard Financing Authority, a joint exercise of powers authority duly organized and existing under the laws of the State of California (the “Authority”), has the authority, among other things, pursuant to the Marks-Roos Local Bond Pooling Act of 1985 (Article 4 (commencing with Section 6584) of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California) (the “Act”), to incur indebtedness for the purpose of financing and refinancing capital projects of the City; and
WHEREAS, the Authority issued its $19,505,000 City of Oxnard Public Financing Authority Local Obligation Revenue Bonds (2012 Special District Bond Refinancings), Series A Senior Lien Bonds (the “Series 2012A Bonds”), and its $9,060,000 City of Oxnard Financing Authority Local Obligation Revenue Bonds (2012 Special District Bond Refinancings), Series B Subordinate Lien Bonds (the “Series 2012B Bonds”, and together with the Series 2012A Bonds, the “Series 2012 Bonds,” for the purpose of acquiring (i) the $11,835,000 City of Oxnard Assessment District No. 2001-1 (Rice Avenue/Highway 101 Interchange) Limited Obligation Improvement Refunding Bonds, Series 2012 (the “AD Bonds”), (ii) the $8,750,000 Community Facilities District No. 1 (Westport at Mandalay Bay) of the City of Oxnard 2012 Special Tax Refunding Bonds (the “CFD No. 1 Bonds”), and (iii) the $7,980,000 City of Oxnard Community Facilities District No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) Special Tax Refunding Bonds, Series 2012 (the “CFD No. 2000-3 Bonds” and, together with the AD Bonds and the CFD No. 1 Bonds, the “Acquired Obligations”) issued by the City, CFD No. 1, and CFD No. 2000-3, respectively, to refund certain Assessment District, CFD No. 1, and CFD No. 2000-3 bond issues, the Authority has determined to issue its 2022 Local Obligation Revenue Refunding Bonds (Special District Bond) (the “2022 Authority Bonds”); and WHEREAS, as part of the issuance of the Series 2012 Bonds, and to secure the repayment thereof, the Authority purchased and acquired, among other special tax bonds, the Acquired Obligations, pursuant to the provisions of the Bond Law, the Mello-Roos Act and separate Fiscal Agent Agreements, each dated as of August 1, 2012, by and between the City or respective CFD and Computershare Trust Company, N.A., as successor in interest to Wells Fargo Bank, N.A. (the “Bank”), as fiscal agent (the “Fiscal Agent Agreements”) (collectively, the “Local Agency Financing Documents”); and
WHEREAS, pursuant to the Indenture of Trust for the 2022 Authority Bonds, the 2022 Authority Bonds will be secured by the same pledge of funds derived from the Acquired Obligations and Local Agency Financing Documents, defined below, which Acquired Obligations will remain outstanding and in the ownership and possession of the Authority, held through the Bank, as trustee, and will not be re-issued or refunded; and 196
60302.00021\35017658.1
Resolution No. _____

2 WHEREAS, the Authority proposes to enter into an Indenture of Trust (the “Indenture”) by and between the Authority and Computershare Trust Company, N.A., as trustee (the “Trustee”), to provide for the issuance of the 2022 Authority Bonds; and WHEREAS, the Local Agency Financing Documents contain certain references to the Series 2012 Bonds and the 2012 Indenture, and the Local Agency Financing Documents shall be amended upon the issuance of the 2022 Authority Bonds to reference the 2022 Authority Bonds and Indenture; and
WHEREAS, in order to accommodate the pledge and assignment of the Acquired Obligation to the payment of the 2022 Authority Bonds, as set forth in the Indenture, there has been presented to the Board a form of First Amendment to Local Agency Financing Documents to be entered into among the Authority, the City, Certain Community Facilities Districts of the City of Oxnard, and Computershare Trust Company, N.A., as Fiscal Agent (the “Fiscal Agent”) which agreement amends provisions of the documents relating to the Series 2012 Bonds in the Local Agency Financing Documents; and
NOW, THEREFORE, the City Council of the City of Oxnard resolves as follows:

Section 1. Findings. This Council finds that the preceding recitals are true and correct.

Section 2. Approval of First Amendment to Local Agency Financing Documents; Execution of Certificates. The form of the First Amendment to Local Agency Financing Documents as presented to this City Council, together with any changes therein or additions thereto which are deemed advisable by the Mayor, the Vice-Mayor, the City Manager, or Chief Finance Officer, upon consultation with Best Best & Krieger LLP, Bond Counsel, are hereby authorized and directed for and in the name and on behalf of the City to execute the final form of the First Amendment to Local Agency Financing Documents, together with any certificates in connection with the delivery of the 2022 Authority Bonds.

Section 3. Official Actions. The Officers of the City are hereby authorized and directed, for and in the name and on behalf of the City, to do any and all things and take any and all actions, provide certificates of representations which they, or any of them, may deem necessary or advisable in the issuance, sale and delivery of the 2022 Authority Bonds.

Section 4. Effective Date. This Resolution shall take effect from and after the date of its passage and adoption.
197
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Resolution No. _____

3 PASSED AND ADOPTED this ___ day of ___________, 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

John C. Zaragoza, Mayor
ATTEST:
_________________________
Rose Chapparo, City Clerk
APPROVED AS TO FORM:
______________________________
Stephen Fischer, City Attorney
198
60302.00021\35017658.1
Resolution No. _____

STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.

CITY OF OXNARD )
I, Rose Chapparo, City Clerk of the City of Oxnard, do hereby certify the above and foregoing to be a true and correct copy of City of Oxnard City Council Resolution No. ______, adopted by the Oxnard City Council at the meeting held on __________, 2022. The original is on file in the City Clerk’s office.

DATED: _______________, 2022.

Rose Chapparo
City Clerk
199
4/19/2022
1 City of Oxnard

2022 Local Obligation Revenue Refunding Bonds
(Refunding Series 2012A and B Bonds)

PRESENTATION TO FINANCE & GOVERNANCE COMMITTEE
MAY 10, 2022

Recommendations
 That the:
 City Council of the City of Oxnard approving a first amendment to local agency financing documents and the execution of certain certificates relating to the issuance by the City of Oxnard Financing Authority of refunding revenue bonds for the purpose of refunding its outstanding Series 2012 Bonds.
 Board of Directors of the City of Oxnard financing authority authorizing the sale, issuance, and delivery of not more than $19,200,000 in principal amount of Local Obligation Revenue Refunding Bonds (Special District Bond) and approving certain documents and authorizing certain actions in connection therewith.

2 200
4/19/2022
2 Background on 2012 A&B Bonds
 Original Issued principal: $28,565,000
 Combined Outstanding Par: $18,765,000
 Bonds issued to purchase underlying
bonds related to Assessment District 2001-
1 (Rice Avenue/Highway 101), CFD No. 1
(Westport at Mandalay Bay), and CFD No.
2000-3 (Oxnard Boulevard/Highway 101
Interchange)
 Debt service payments on the 2012 Bonds
come from assessments and special taxes in
those areas
 Series A are “senior” with “A-” credit rating
and Series B as “subordinate” without a
credit rating
 Combined annual debt service escalation
~1% per year through 2032; step down in
2033
0 500,000
1,000,000
1,500,000
2,000,000
2,500,000
2012A and 2012B Bonds
Outstanding Debt Service
3 Refunding Opportunity
 Despite moves up in interest rates, there is
an opportunity for the City to refund
outstanding debt and reduce annual taxes
in the Assessment District/Community
Facilities Districts
 Bonds are expected to be sold directly to
an investor (a bank) through a private
placement
 Based on current market estimates we
would expect a refunding true interest cost
of 3.25% (vs 4.87% avg interest rate on
2012 A&B Bonds)
 Taxpayers could see approximately
$170,000 average annual debt service
savings on the 2022 Bonds from 2023
through 2033
 $1.85 million cumulative cashflow savings, net
of all cost of issuing the bonds
 $1.15 million in today’s terms, net of all cost
of issuing the bonds

4 500,000
700,000
900,000
1,100,000
1,300,000
1,500,000
1,700,000
1,900,000
2,100,000
2,300,000
2,500,000
2022 Refunding LORBs
Estimated Debt Service and Savings
2022 Bonds Estimated Debt Service
2012A and B Bonds Debt Service
201
4/19/2022
3 City’s Financing Team
• Issuer for the 2022 Bonds City of Oxnard Financing
Authority
• City’s municipal financial advisor NHA Advisors
• Bond Counsel Best Best & Kreiger
• Placement agent Piper Sandler
• Special Tax Consultant NBS
• Bond trustee Computershare Trust
Company
5 Summary of Legal Documents
Authorizing Resolutions
•Authorize legal documents and authorize
City staff to execute documents
•Identifies not-to-exceed amounts related
to the 2022 Bonds
Indenture of Trust
•Formalizes the relationship between City
of Oxnard Financing Authority and
Computershare Trust Company
•Terms of 2022 Bonds, including payment
schedule, prepayment provisions
Placement Agent Agreement
•Defines Piper Sandler’s role in placing the
2022 Bonds with the bank and identifies
amount to be paid to Piper Sandler
•Fees paid contingent on successful close
Irrevocable Refunding
Instructions
•Detailed instructions to Computershare
regarding process of refunding 2012A and
2012B Bonds (establishment of required
funds, application of monies, logistical
items)
First Amendment to Local Agency
Financing Documents
•Amends the original 2012 documents to
instead refer to the 2022 Bond and
documents and Authority pledges
repayment
6 202
4/19/2022
4 Anticipated Timing

May 10, 2022:

Finance and
Governance
Committee
Mid-May:

Receive
Proposals from
banks; Select
Winning Bank
Mid-May – Mid-
June: Work with
selected bank to
lock interest
rate and finalize
items of the
2022 Bonds
June 30, 2022:

City Council
considers 2022
Bonds
Mid-July 2022:

Close 2022
Refunding
Bonds, funds
transferred into
escrow
September 2,
2022:

Refund 2012A
and 2012B
Bonds
7 Recommendations
 That the:
 City Council of the City of Oxnard approving a first amendment to local agency financing documents and the execution of certain certificates relating to the issuance by the City of Oxnard Financing Authority of refunding revenue bonds for the purpose of refunding its outstanding Series 2012 Bonds.
 Board of Directors of the City of Oxnard financing authority authorizing the sale, issuance, and delivery of not more than $19,200,000 in principal amount of Local Obligation Revenue Refunding Bonds (Special District Bond) and approving certain documents and authorizing certain actions in connection therewith.

8 203
4/19/2022
5 Questions?
9 204

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.3

DATE: May 10, 2022

TO: Finance & Governance Committee

FROM: Helen Miller, Chief Information Officer, (805)385-7446, [email protected]

SUBJECT: Second Amendment to Superion CentralSquare Software License Agreement A-8011. (0/10/5)

RECOMMENDATION

That the Finance and Governance Committee recommend that City Council approve and authorize the Mayor to execute a second amendment to Software License Agreement A-8011 with Superion LLC, a CentralSquare Company, in the amount of $340,627 for a new not-to-exceed agreement amount of $1,458,505 for information technology software and services.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/JbwsRAR4LQY

BACKGROUND

The City uses CentralSquare (formerly Superion, formerly SunGard) HTE/NaviLine as its Enterprise Resource Planning (ERP) software that's been in place since 1992. This software supports financial, payroll, purchasing, utility billing, and business licensing functions. Currently, the City pays the vendor approximately $200,000 per fiscal year for the use, support, and maintenance of the HTE system. Although HTE is currently in the process of being replaced with Tyler Munis ERP, the City continues to require additional services from the vendor.

These services are estimated to cost up to an additional $340,627 over the remaining 13 months of the three- year agreement terminating on June 30, 2023. The additional services are:
New third-party software fees – CentralSquare acquired several technology companies which were independently providing software or services to the City prior to the acquisitions. These software solutions and services are now billed by CentralSquare, thus increasing the City’s total fiscal year costs attributed and paid directly to CentralSquare.
CentralSquare or City of Oxnard initiated ERP upgrades – CentralSquare provides ERP upgrades that require the City to incur additional technology solutions and/or programming costs to sustain current service levels for the public. For example, CentralSquare has retired its current credit card solution, Transaction Manager, which allows residents and businesses to make online utility and other payments.

The City must implement a new HTE integrated credit card solution or stop accepting credit card payments. Not accepting credit cards may result in a loss of revenue for the City and resident abrasion due to inconvenience.
Tyler ERP implementation project – CentralSquare may provide additional technology solutions and programming as needed throughout the multi-year phased transition to the new Tyler ERP. 205
Fluctuating credit card transaction fees – CentralSquare bills the City a monthly credit card usage fee based upon factors such as transaction volume and use of a CentralSquare approved payment partner.

Since the fees are not fixed, the City must estimate and allocate sufficient budget to cover these costs.

TABLE 1 – CentralSquare Estimated Costs, 7/1/2020 through 6/30/2023 Description FY 20-21 FY 21 -22
estimated
FY 22-23
estimated
HTE user license, support, hosting, disaster recovery $174,575 $183,304 $192,469 Credit card Transaction Manager, processing fees $10,000 $10,000 0 CryWolf Alarm management system - Police 0 $15,000 $15,000 Public Administrator software - Utilities Billing 0 $5,000 $5,000 Analytics NOW Financial reporting system - Finance 0 $20,000 $20,000 HTE ERP upgrade and change costs 0 0 $80,000
Contingency, 15% 0 $34,996 $46,870
TOTAL, per fiscal year $184,575 $268,300 $359,339
Agreement A-8011 had a three-year spending authorization of $540,000. The First Amendment to the agreement added an additional $577,878 for a total not-to-exceed amount of $1,117,878. The current estimate of FY 2017 through FY 2023 expenditures with the vendor is estimated to be $1,458,505. This amount represents an expected increase of $340,627 and it is through this Second Amendment to the agreement that staff is requesting this authorization to increase the agreement’s not to exceed value to $1,458,505.

TABLE 2 – CentralSquare A-8011 Agreement, 7/1/2020 through 6/30/2023 Council
Approved
Amt*
Actual Cost* Description
Executed A-8011 original
agreement $540,000* $607,581*
FY 17/18 +
18/19 + 19/20
actuals
Executed 1st amendment $577,878* $491,585* FY 20/21 +
21/22 actuals
Proposed 2nd amendment $340,627 $359,339 FY 22/23
estimated
TOTAL, revised not to
exceed $1,458,505 $1,458,505
A 15% contingency is included for unforeseen remediation or emergency needs, anticipated annual increases for third party software renewals, and flexible capacity to support City departments and CentralSquare’s business requirements through June 30, 2023, when the current software agreement terminates. 206
The second amendment is in the process of review and will be attached to the staff report that goes to the City Council.

STRATEGIC PRIORITIES

This agenda supports the Organizational Effectiveness strategy. The purpose of the Organizational Effectiveness strategy is to reinforce, stabilize, improve and strengthen the organizational foundation of the City in order to build a modern, high-functioning City government that effectively and efficiently supports the operating departments in providing high-quality services and programs for our residents and businesses.

FINANCIAL IMPACT

Funds for this expenditure are/will be budgeted in Information Technology Department's FY 21-22 and FY 22- 23 budgets as well as in other department or project specific budgets such as Finance, Police, Public Works, and Tyler ERP project, as applicable. Annual expenditures with the vendor may continue to increase until the new ERP system has been fully implemented due to ongoing business-technology services required until the Tyler ERP project is fully executed (which is currently targeted to occur in 2025). This second amendment to CentralSquare’s software license agreement A-8011 supports continued and uninterrupted use of the vendor for delivering resident services and sustaining City department operations.

Prepared by: Gary Krumian, Programmer Analyst, Helen Miller, Chief Information Officer

ATTACHMENTS

1. A-8011 Superion 1st Amendment

2. A-8011 Superion Original Agreement

3. Finance and Governance 5_10_22 Agenda D3
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
Second Amendment to Superion
LLC, a CentralSquare Company
Software License Agreement A-8001
Finance & Governance Committee
May 10, 2022
Helen Miller, Chief Information Officer
234
That the Finance and Governance Committee
recommend that the City Council approve and authorize
the Mayor to execute a second amendment to Software
License Agreement A-8011 with Superion LLC, a
CentralSquare Company, in the amount of $340,627 for
a new not-to-exceed agreement amount of $1,458,505
for information technology software and services.

RECOMMENDATION 2
235
• Annual maintenance cost for HTE and related services is ~$200k/year for use, support, and maintenance of the HTE system.
• Although HTE is currently in the process of being replaced by Tyler Munis ERP, the City continues to require additional services from the vendor, estimated at $340,627 over the next 13 months of the three-year agreement terminating on June 30, 2023.
• These additional services are:
• New third-party software fees because of CentralSquare acquisitions • CentralSquare initiated ERP upgrades; e.g. new credit card system • Tyler ERP implementation project
• Fluctuating credit card transaction fees
NEEDS AND DETAILS 3
236
NEEDS AND DETAILS – Estimated Costs 4
Description FY 20-21 FY 21 -22
estimated
FY 22-23
estimated
HTE user license, support, hosting, disaster recovery $174,575 $183,304 $192,469 Credit card Transaction Manager, processing fees $10,000 $10,000 0 CryWolf Alarm management system - Police 0 $15,000 $15,000 Public Administrator software - utilities billing  0 $5,000 $5,000 Analytics NOW Financial reporting system - Finance 0 $20,000 $20,000 HTE ERP upgrade and change costs  0 0 $80,000
Contingency, 15% 0 $34,996 $46,870
TOTAL, per fiscal year $184,575 $268,300 $359,339
TABLE 1 – CentralSquare Estimated Costs, 7/1/2020 through 6/30/2023 Contingency examples: unforeseen remediation or emergency needs, anticipated annual increases for third party software renewals, flexible capacity to meet City departments and CentralSquare business requirements through 6/30/2023, when current software agreement terminates. 237
NEEDS AND DETAILS – Estimated Costs 5
Council
Approved Amt* Actual Cost* Description
Executed A-8011 original agreement $540,000* $607,581* FY 17/18 + 18/19 + 19/20 actuals Executed 1st amendment $577,878* $491,585* FY 20/21 + 21/22 actuals Proposed 2nd amendment $340,627 $359,339 FY 22/23 estimated TOTAL $1,458,505 $1,458,505
TABLE 2 – CentralSquare A-8011 Agreement, 7/1/2020 through 6/30/2023 • Executed agreement A-8011, 3-year spending authorization: $540,000 • Executed first amendment, added $577,878 for revised not-to-exceed: $1,117,878 • FY 2023 estimated cost increase, $359,339 (see previous slide) • Proposed second amendment, adds $340,627 for revised not to exceed = $1,458,505

238
• This amendment supports continued and uninterrupted use of the vendor, CentralSquare, for delivering resident services and sustaining City department operations.
• Funds for this expenditure are included in IT’s current FY 21- 22 budget. For FY 22-23, funds will be included in IT’s budget as well as in other department or project-specific budgets such as Finance, Police, Public Works, Tyler ERP project, as applicable.

FINANCIAL IMPACT 6
239
That the Finance and Governance Committee
recommend that the City Council approve and authorize
the Mayor to execute a second amendment to Software
License Agreement A-8011 with Superion LLC, a
CentralSquare Company, in the amount of $340,627 for
a new not-to-exceed agreement amount of $1,458,505
for information technology software and services.

RECOMMENDATION 7
240

QUESTIONS
8 241

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.4

DATE: May 10, 2022

TO: Finance & Governance Committee

FROM: Betsy George, Chief Financial Officer, (805) 200-5400, [email protected]

SUBJECT: Introduction to FY 2022-23 Proposed Operating Budget. (0/20/20)

RECOMMENDATION

That the Finance and Governance Committee recommend that City Council and Housing Authority Board conduct a public hearing on the Fiscal Year (FY) 2022-23 proposed budget on June 7, 2022, for the City of Oxnard and Oxnard Housing Authority and provide staff direction regarding any adjustments to the proposed budget, in preparation for final budget adoption on June 21, 2022.

Please click the following link to view the required Measure M pre-recorded presentation video:
https://www.youtube.com/watch?v=UztBV5NxFK8

BACKGROUND

On April 27, 2022, a budget preview presentation was released to the public. On May 4, 2022, the City Manager and Chief Financial Officer presented the proposed budget to the Inter-Neighborhood Council Organization (INCO).

The figures presented are preliminary and may be revised between the May 10, 2022, Finance and Governance Committee and the June 7, 2022, City Council/ Housing Authority Board public hearing. No significant changes are anticipated, any adjustments will be the result of reviewing each assumption, estimated expenditure, and projected revenue comparing all figures to the most current information available. Changes will be highlighted at the public hearing.

This agenda report covers projected revenues and available fund balances for the City's five major funds:

General Fund, Measure O (Half- Cent Sales Tax) Fund, Water Fund, Wastewater Fund, and Environmental Resources (solid waste) Fund. The City Manager's Budget Message and the full draft budget document (Budget Book) will be published on May 25, 2022, 14 days ahead of the June 7, 2022, public hearing.

A public hearing on the proposed budget is required by law. For FY 2022-23, the Citywide preliminary proposed budget is approximately $613,300,000, which includes the General Fund group, landscape maintenance and community facilities district funds, special revenue funds, assessment district funds, enterprise funds, internal service funds and Housing Authority funds, and excludes operating transfers.

Numerical values included in the narrative below may not add due to rounding.

DISCUSSION
242
General Fund (101)
Revenues: General Fund revenues are projected at $208.0 million, $8.4 million (4.2%) greater than the prior year budget. The projected change is primarily due to a $7.2 million increase in sales tax revenues, which includes the 1% Bradley Burns sales tax and 1.5% Measure E sales and use tax, as the region and City continue to recover from the pandemic-induced recession and process of goods and services increase due to global inflationary pressures.

Property values continue to rise; the median home price in Oxnard increased 13.3% to $850,000 in March 2022 compared to March 2021. Since March 2020, the median home price in Oxnard is up 30.7% or $200,000. The City’s revenue projection for its portion of levied property tax for FY 2022-23 is projected to grow by $3.2 million (5.1%) to $66.7 million.

Transient occupancy (hotel) tax revenue is projected to return to pre-pandemic levels at $5.6 million in FY 2022-23.

Finally, service fees and charges are projected to decrease substantially ($4.2 million in total). The reduction is primarily a result of $4.0 million in service fees and charges for ambulance services billing budgeted in FY 2021-22, but never implemented. The City's new pre-hospital emergency medical services (EMS) program was challenged by the County, who currently runs EMS service throughout all of Ventura County, and the court ruled in the County’s favor. The deferred implementation will also reduce budgeted General Fund expenditures.

Expenditures: General Fund expenditures are projected at $212.6 million; $11.8 million (5.9%) higher than FY 2021-22 original budget. The increase, overall, is related to the City’s restore and improve efforts. With the passing of Measure E, the City Manager and staff developed a three-year plan to restore and improve services. FY 2022-23 is year two of those actions and initiatives. The increase in estimated expenditures primarily results from $5.5 million additional spending on capital improvement projects (CIP), $10.9 million in departmental needs, $4.1 million higher salaries for competitive job environment and pay parity, $2.1 million debt payment on an anticipated streets and alley bond, and $3.0 higher IUF reimbursement. These increases are offset by $6.2 million of anticipated net personnel savings due to unfilled positions and $5.7 million due to the EMS implementation delay. The vacancy savings are an expenditure variance compared to the prior year budget, because the $9.2 million in vacancy savings budgeted in FY 2021-22 was accounted for in the ending fund balance calculation, rather than an offset to expenditures.

Over the last six years, every time the City has conducted a count of vacant positions, the overall vacancy rate has always been at least 10%. In FY 2021-22, although the HR Department hired approximately 260 regular hire employees, over 40 percent of those were promotions that did not reduce the net amount of vacant positions.

From the City Council's overall fiscal management perspective, it is unrealistic in the aggregate, across the entire General Fund, to assume that every authorized position will be filled on July 1, 2021, and remain filled through June 30, 2022. Experience teaches that the City always has a significant percentage of authorized but vacant positions at any given time due to retirements, promotions, jobs taken elsewhere, new hires not making it through probation, other employees being terminated, and so forth.

The increased organizational emphasis on recruiting highlighted in the City Manager's Budget Message leads the Finance Department to conclude that a reasonable vacancy rate assumption for the General Fund during FY 2022-23 is 6%, compared to FY 2021-22 assumption of 9%.

Additional details on the $10.9 million department needs can be found in the attached presentation. Details on 243
the $5.5 million CIP increase in General Fund expenditures can be found in the proposed 2022-2027 City of Oxnard Five-Year Capital Improvement Program item presented at the Public Work Committee on April 26, 2022 (https://oxnardca.civicclerk.com/Web/Player.aspx?id=4416&key=-1&mod=-1&mk=-1&nov=0).

FY 2022-23 Ending Available Fund Balance: The City’s mid-year estimates result in a projected ending fund balance at June 30, 2022, of $39.9 million, or 21.6% of expenditures and transfers out.

Total General Fund revenue for FY 2022-23 ($208.0 million) minus the total proposed General Fund expenditures plus transfers out ($212.6 million) yields a net annual operating deficit of $4.6 million. Annual operation deficits are expected in both FY 2022-23 and FY 2023-24 as reimbursement payments of $10.0 and $9.5 million, respectively, are made to the City’s Utility Enterprise Funds for prior years’ Infrastructure Use Fees (IUF). The estimated starting fund balance at July 1, 2022, of $39.9 million less the $4.6 million projected deficit spending would yield an ending fund balance at June 30, 2023, of $35.4 million, or 16.6% of expenditures and transfers out.

The City Council’s policy is for a General Fund reserve (available ending fund balance) of 12% and staff’s target is 15%.

For additional detail, refer to the General Fund tables in attached PowerPoint slides 3 and 4.

Measure O Fund (104)
Revenues: FY 2022-23 revenue from the Measure O half-cent sales (transactions and use) tax is projected at $18.2 million, a $0.9 million (5.1%) increase over the FY 2021-22 budget. Adding $41,500 of interest income and the annual $1.9 million repayment by the General Fund for the 2015 loan made by the Measure O Fund produces total projected revenue of $20.1 million for the budget year.

Expenditures: FY 2022-23 expenditures from the Measure O Fund are proposed at $19.1 million, representing a continuation of programs previously funded by Measure O and year-one of the proposed weaning schedule. Measure O, per the original November 2008 ballot measure, will terminate in 2029. The City must prepare to lose the Measure O stream of revenue and to reabsorb the programs currently funded by Measure O into the General Fund or other funds. A seven-year weaning schedule was proposed at the April 28, 2022, Measure O Citizen Oversight Committee; the Committee supported staff’s recommendation.

In year-one of the weaning schedule, Fire Station 8 operational expenditures totaling $4.8 million are proposed to be moved into the General Fund and one-time General Fund expenditures will be moved to the Measure O fund. The one-time expenditures proposed to be moved from General Fund to Measure O in FY 2022-23 are $2.3 million citywide alleyway resurfacing, $0,5 million fixing library Wi-Fi, $0.3 million technology equipment replacement/upgrades, and to achieve interest expense savings a $1.8 million prepayment on the Station 8 bonds (on top of the required annual payment of $1.4 million).

Available Fund Balance: The mid-year estimates presented to City Council on March 1, 2022, result in a projected ending fund balance at June 30, 2022, of $7.9 million. Projected revenues in FY 2022-23 less the proposed expenditures suggest positive net operating activity of $1.1 million. The projected positive net operating margin of $1.1 million added to the projected beginning available fund balance of $7.9 million yields a projected ending available fund balance at June 30, 2023, of $9.0 million.

For additional detail, refer to the Measure O table in attached PowerPoint slide 6.

Water Fund
Revenues: FY 2022-23 Water Fund revenues are projected to total $70.5 million, most of which are utility fees 244
from users.

Expenditures: FY 2022-23 Water Fund expenditures are proposed at $81.5 million, including a reduction of $11.4 million of CIP projects, most of which is reflected in the "Other O&M Expense" budget line, because the majority of Water related CIP will be spent on contract services. The one-time ratepayer credit of $4.8 million in FY 2021-22 is the other factor attributing to the proposed $15.4 million (15.9%) reduction in expenditures for the FY 2022-23 budget year.

Available Fund Balance: The mid-year estimates presented to City Council on March 1, 2022, result in a projected ending available fund balance at June 30, 2022, of $23.4 million. The total projected fund balance, excluding previously committed CIP of $37.0 million is projected to be $60.4 million. Projected revenues for FY 2022-23, less the proposed expenditures, suggest net operating deficit of $10.9 million. The projected net operating deficit subtracted from the projected beginning available fund balance yields a projected ending available fund balance at June 30, 2023, of $12.5 million, which represents 15.4% of annual expenditures. The City Council policy target for available fund balance is 25%.

For additional detail, refer to the Water Funds table in attached PowerPoint slide 7.

Wastewater Fund
Revenues: FY 2022-23 Wastewater Fund revenues are projected to total $68.4 million, excluding the $27.1 million intrafund transfer between Wastewater Treatment and Wastewater Collection, which is required for City Council budget appropriation purposes, but has no effect on the overall Wastewater Fund. Over 70% of Wastewater Fund revenue is from utility fees paid by users. Another nearly 25% comes from the State Water Resources Control Board in the form of grants or loans for specific CIP projects.

An additional $3.0 million of revenue from the General Fund is projected as a result of the repayment of Infrastructure Use Fees. This is lower by $0.6 million compared to FY 2021-22 due to the overall decrease in total reimbursement to all Utility Funds from $12.0 million to $10.0 million. In FY 2021-22, the Street Fund reimbursed $7.0 million and the General Fund reimbursed $5.0 million. In FY 2022-23, per the Court’s reimbursement schedule, the General Fund will reimburse a total of $10.0 million allocated between the three Utility Funds. No further reimbursements are due from the Street Fund.

Expenditures: FY 2022-23 Wastewater Fund expenditures are proposed at $73.0 million, including an increase of $8.1 million of CIP projects, most of which is reflected in the "Other O&M Expense" budget line, because the majority of Wastewater related CIP will be spent on contract services, just like in the Water Fund.

Personnel increases include the addition of two maintenance workers, an engineer, and two inspectors to enhance the City’s wastewater compliance enforcement. The one-time ratepayer credit of $3.0 million in FY 2021-22 is off-setting the increases in personnel and CIP, resulting in a total proposed increase of $5.6 million (8.3%) reduction in expenditures for the FY 2022-23 budget year.

Available Fund Balance: The mid-year estimates presented to City Council on March 1, 2022, result in a projected ending available fund balance at June 30, 2022, of $63.1 million. Projected revenues for FY 2022- 23, less the proposed expenditures suggest net operating deficit of $4.6 million. The projected net operating deficit subtracted from the projected beginning available fund balance yields a projected ending available fund balance at June 30, 2023, of $58.5 million. This represents just over 80% of annual expenditures excluding the intrafund transfers. The City Council policy target for available fund balance is 25%, which has been exceeded due to the City's recent success in securing grants and low-interest loans from the State to pay for wastewater capital improvement projects. Furthermore, that fund balance will be used to pay for the longer-range capital improvement program required by the wastewater enterprise.

For additional detail, refer to the Wastewater Funds table in attached PowerPoint slide 8. 245
Environmental Resources Fund
Revenues: FY 2022-23 Environmental Resources Fund revenues are projected to total $50.0 million. Nearly all of the revenue is paid by users via utility fees. The primary reason for the $2.6 million (5.4%) decrease in fees and charges is that the recycled material scrap market has experienced a downward trend in market prices. This impacts revenues the City is able to generate by selling recyclable waste. As with the Water Fund and the Wastewater Fund, an additional $2.8 million of revenue from the General Fund is projected as a result of the repayment of Infrastructure Use Fees; see "Wastewater" discussion above.

Expenditures: FY 2022-23 Environmental Resources Fund expenditures are proposed at $56.0 million, a $10.1 million decrease (15.3%) compared to FY 2021-22 budget. The proposed expenditure includes $2.1 million of CIP projects -- most of which is reflected in the "Other O&M Expense" budget line because most of the CIP will be spent on contract services, just like in the Water Fund and the Wastewater Fund. This is a decrease of $4.9 million to the annual budget in alignment with the FY 2022-23 CIP presented to the Public Works Committee on April 26, 2022. The one-time ratepayer credit of $2.8 million in FY 2021-22 and the proposed $2.7 million reduction to Buy Back Recycles in Other O&M Expense are also major contributors to the proposed decrease in expenditures for the FY 2022-23 budget year. Due to restrictive COVID-19 protocols and reduced hours, area recycling centers have redirected their volume from the City’s Del Norte Facility to other processing facilities. Efforts to remediate staffing shortages and increase Materials Recovery Facility (MRF) operating hours are underway and could increase revenue generated from selling recyclables as well as the cost to buy back recyclables.

Available Fund Balance: The mid-year estimates presented to City Council on March 1, 2022, result in a projected ending available fund balance at June 30, 2022, of $17.2 million. Projected revenues for FY 2022- 23 less proposed expenditures suggest net operating deficit of $6.0 million. The projected net operating deficit subtracted from the projected beginning available fund balance yields a projected ending available fund balance at June 30, 2023, of $11.3 million, which represents 20.1% of annual expenditures. The City Council policy target for available fund balance is 25%.

For additional detail, refer to the Environmental Resource Funds table in attached PowerPoint slide 9.

STRATEGIC PRIORITIES

This agenda item supports the Quality of Life strategy. The purpose of the Quality of Life strategy is to restore and increase quality services and programs that enrich Oxnard's diverse community, promotes safe neighborhoods, encourages community engagement, and supports our residents in their efforts to improve their quality of life.

This agenda item supports the Organizational Effectiveness strategy. The purpose of the Organizational Effectiveness strategy is to reinforce, stabilize, improve, and strengthen the organizational foundation of the City in order to build a modern, high-functioning City government that effectively and efficiently supports the operating departments in providing high-quality services and programs for our residents and businesses.

This agenda item supports the Economic Development strategy. The purpose of the Economic Development strategy is to focus on the retention and expansion of Oxnard businesses by increasing the skills and employability of our local workforce, invite new business investments, and target site-based redevelopment opportunities.

This agenda item supports the Infrastructure and Natural Resources strategy. The purpose of the Infrastructure and Natural Resources strategy is to preserve and improve our roads, utilities, parks, trees, water supply and natural resources through effective planning, prioritization, and an equitable and efficient use of available funding.
246
This agenda item supports Public Safety strategy. The purpose of the Public Safety strategy is to restore and modernize the delivery of public safety services to provide for the safety of our neighborhoods and health of our community.

FINANCIAL IMPACT

Conducting this public hearing on the budget does not have a financial impact until such time as the City Council adopts the FY 2022-23 Operating Budget, which is scheduled for June 21, 2022. The financial impact of each recommended action is spelled out in the Discussion section that describes that action.

The budget document is scheduled to be published on the City's website by the close of business, Wednesday, May 25, 2022, at https://www.oxnard.org/city-department/finance/city-budget-documents/.

Prepared by: Betsy George, Chief Financial Officer

ATTACHMENTS

1. Budget Preview Presentation

2. Additional FY2022-23 Proposed Budget Slides for F&GC 247
1 248
2 249
3 250
4 251
5 252
6 253
7 254
8 255
9 256
10 257
11 258
12 259
13 260
14 261
15 262
16 263
17 264
18 265
19 266
20 267
21 268
22 269
23 270
24 271
25 272
26 273
27 274
28 275
29 276
30 277
31 278
32 279
33 280
34 281
FISCAL YEAR 2022-23

PROPOSED ANNUAL BUDGET
Finance and Governance Committee
May 10, 2022
Betsy George, Chief Financial Officer
282
That the Finance and Governance Committee recommend the City Council and Housing Authority Board conduct a public hearing on the Fiscal Year (FY) 2022-23 proposed budget on June 7, 2022 for the City of Oxnard and Oxnard Housing
Authority and provide staff direction regarding any
adjustments to the proposed budget, in preparation for final budget adoption on June 21, 2022.

RECOMMENDATION 2
283
GENERAL FUND (101) REVENUES (IN MILLIONS) 3
Totals may not add due to rounding
284
GENERAL FUND (101) EXPENDITURES (IN MILLIONS) 4
Totals may not add due to rounding
285
GENERAL FUND (101) PROJECTED FUND BALANCE (IN MILLIONS) 5 FY21-22
Year-End
Estimates
FY22-23
Proposed
Budget
Beginning Available Fund Balance, Jul 1 $29.3 $39.9
Net Annual Activity [Revenues Less Expenditures] 17.4  (4.6) Estimated Multi-year CIPs Carryover from FY22 to FY23  6.8 Projected Ending Available Fund Balance, June 30 $39.9 $35.4 Fund Balance as % of Annual Expenditures 22% 17%
Target Reserve Level  15% 15%
286
MEASURE O FUND 104 (IN MILLIONS) 6
Totals may not add due to rounding
287
WATER FUNDS (IN MILLIONS) 7
Totals may not add due to rounding
288
WASTEWATER FUNDS (IN MILLIONS) 8
Totals may not add due to rounding
289
ENVIRONMENTAL RESOURCES FUNDS (IN MILLIONS) 9
Totals may not add due to rounding
290
That the Finance and Governance Committee recommend the City Council and Housing Authority Board conduct a public hearing on the Fiscal Year (FY) 2022-23 proposed budget on June 7, 2022 for the City of Oxnard and Oxnard Housing
Authority and provide staff direction regarding any
adjustments to the proposed budget, in preparation for final budget adoption on June 21, 2022.

RECOMMENDATION 10
291

QUESTIONS
11 292

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.5

DATE: May 10, 2022

TO: Finance & Governance Committee

FROM: Michael Wolfe, Public Works Director, (805) 385-8055, [email protected]

SUBJECT: Fiscal Year 2022-23 Landscape Maintenance Districts Initiation of Proceedings, Declaration of Intention to Levy and Collect Assessments, and Scheduling of Public Hearing. (0/5/5)

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council acting as the legislative body of the City of Oxnard's landscape maintenance districts (LMDs):

1. Adopt a resolution initiating proceedings for the annual levy and collection of assessments for Fiscal Year 2022-23 within the City’s LMDs; and

2. Adopt a resolution declaring intention to levy and collect assessments for Fiscal Year 2022-23 within the City’s LMDs pursuant to the Landscaping and Lighting Act of 1972.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/BV5fuNmthsk

BACKGROUND

Special Districts is a division of the Public Works Department and manages a total of 48 assessment districts, including thirty-six (36) LMDs. These LMDs were formed pursuant to the Landscaping and Lighting Act of 1972 and require annual City Council action as the acting legislative body for the LMDs to update the assessments that appear in the Ventura County Tax Roll. Therefore, each year the City Council adopts a resolution to initiate proceedings, adopts a resolution declaring the intention to levy and collect assessments, and sets a public hearing date to receive public testimony.

DISCUSSION
NBS Government Finance Group (NBS) is contracted by the City as a consultant for Special Districts. NBS provides the annual Consolidated Engineers Report of the LMDs that estimates the annual costs for maintenance, operations, and repairs for each LMD. The Report also calculates the assessment rates required for these costs.

Approval of the attached resolutions accomplishes the following:
Orders the preparation and filing of the Fiscal Year 2022-23 Consolidated Engineer’s Report, Preliminarily approves the LMD assessments for Fiscal Year 2022-23, 293
Declares intent to levy and collect assessments in the LMDs for Fiscal Year 2022-23, Identifies certain improvements and services to be provided in the LMDs for Fiscal Year 2022-2023, Sets the public hearing for the June 7, 2022, City Council meeting, and Requires the City Clerk to give notice at least ten days prior to the date of the public hearing by causing the Resolution to be published in a newspaper of general circulation within the City.

Following the City Council’s action at the public hearing on June 7, 2022, the assessment information will be delivered to the County Auditor-Controller’s Office, where it is processed for the collection of the Fiscal Year 3033-23 assessments. The deadline for delivering the assessment information to Ventura County is July 6, 2022.

STRATEGIC PRIORITIES

This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.

FINANCIAL IMPACT

The General Benefit contribution, based on the budgeted expenses for the LMDs, totals $82,780. An additional $109,853 in General Fund subsidy is proposed to fund the estimated overages in utility expenses. The total Fiscal Year 2022-23 General Fund contribution is estimated to be approximately $192,633.

Prepared by: Steve Howlett, Assistant Public Works Director

ATTACHMENTS

1. Resolution to Initiate Proceedings

2. FY 2022-2023 Consolidated Engineer's Report & Preliminary Assessment Rolls

3. Resolution of Intent to Levy - LMDs -FY22-23

4. City of Oxnard Special Districts Map

5. City of Oxnard Special Districts List

6. Presentation
294

CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. ____________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD INITIATING

PROCEEDINGS FOR THE ANNUAL LEVY AND COLLECTION OF ASSESSMENTS FOR FISCAL YEAR 2022-23 WITHIN THE CITY’S LANDSCAPE MAINTENANCE

DISTRICTS
WHEREAS, the City Council of the City of Oxnard (the “City Council”) has by previous Resolutions formed the City’s Landscape Maintenance Districts (the “Districts”), the listing of which are included in this Resolution as Exhibit A, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2, Division 15 of the California Streets and Highways Code (commencing with Section 22500) (the “Act”); and
WHEREAS, the City has retained NBS for the purpose of assisting with the annual levy of the Districts and the preparation and filing of an Annual Engineer’s Report (the “Engineer’s Report”); and
NOW, THEREFORE, the City Council of the City of Oxnard resolves:

1. The City Council hereby order NBS to prepare and file with the City Clerk the Engineer’s Report concerning the levy and collection of assessments for the Districts for the Fiscal Year commencing July 1, 2022 and ending June 30, 2023 in accordance with Chapter 3 Section 22622 of the Act.

2. The City improvements within the Districts are described more fully in the Engineer's Report. The improvements authorized to be maintained are District-specific and vary between the Districts; the improvements provided may include, but are not limited to: ground cover, turf, trees, shrubs, the landscaped areas of detention basins, screen walls/fencing, park benches, trash containers, overhead structures, theme light poles, ornamental lighting, and sprinkler, irrigation and drainage systems, and may also include sidewalk and hardscape improvements along the landscaping, medians, entry monuments, mailboxes and associated appurtenant facilities. Park improvements, if applicable, vary by park and may include landscape and open space, playground structures, exercise stations, restrooms, benches, picnic tables, and litter receptacles.

Maintenance provided includes all necessary services, operations, administration and maintenance required to keep the above mentioned improvements in a healthy, vigorous and satisfactory condition which may include, but is not limited to: repair, removal or replacement of all or any part of the landscaping, sidewalks, medians, theme light poles or screen walls/fencing. Provision for the life, growth, health and beauty of the landscaping, including cultivation, irrigation, trimming, mowing, spraying, fertilizing and treating for disease or injury. The tree trimming may not occur on an annual basis; therefore, the assessed amount is for the average annual cost.

Removal of trimmings, rubbish, graffiti, debris and other solid waste from the landscaped areas, detention basins and screen walls/fencing.
295

3. There will be no substantial changes in existing improvements and services to the Districts for Fiscal Year 2022-23.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________________
John C. Zaragoza, Mayor
ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
296

EXHIBIT A

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICT LISTING
District Name Formation
Date(1)
Formation
Resolution No.(1)
Landscape Maintenance District No. 3 (River Ridge) March 18,1986 8983 Landscape Maintenance District No. 10 (Country Club Estates) December 13, 1988
9587
Landscape Maintenance District No. 11 (St. Tropez) January 3, 1989 9603 Landscape Maintenance District No. 12 (Standard Pacific) March 28, 1989 9665 Landscape Maintenance District No. 13 (Le Village) March 20, 1990 9894 Landscape Maintenance District No. 14 (California Cove) June 5, 1990 9972 Landscape Maintenance District No. 16 (California Lighthouse) July 9, 1991 10206 Landscape Maintenance District No. 23 (Greystone) June 18, 1996 11071 Landscape Maintenance District No. 24 (Vineyards) June 18, 1996 11072 Landscape Maintenance District No. 25 (The Pointe) June 18, 1996 11073 Landscape Maintenance District No. 27 (Rose Island) June 24, 1997 11259 Landscape Maintenance District No. 28 (Harborside) June 24, 1997 11260 Landscape Maintenance District No. 30 (Haas Automation) June 24, 1997 11261 Landscape Maintenance District No. 31 (Rancho De La Rosa) June 23, 1998 11415 Landscape Maintenance District No. 32 (Oak Park) February 23, 1999
11505
Landscape Maintenance District No. 33 (El Paseo) October 19, 1999 11653 Landscape Maintenance District No. 34 (Sunrise Pointe & Sunset Cove)
October 19, 1999 11654
Landscape Maintenance District No. 36 (Villa Santa Cruz & Villa Carmel)
January 25, 2000 11684
Landscape Maintenance District No. 37 (Pacific Breeze) January 25, 2000 11685 Landscape Maintenance District No. 38 (Aldea Del Mar) November 28, 2000
11863
Landscape Maintenance District No. 39 (Promesa/Sueno & DR Horton/Seawinds)
March 6, 2001 11905
Landscape Maintenance District No. 40 (Cantada) January 8, 2002 12078 Landscape Maintenance District No. 41 (Pacific Cove) January 8, 2002 12079 Landscape Maintenance District No. 42 (Cantabria & Coronado) May 14, 2002 12144 Landscape Maintenance District No. 43 (Greenbelt) January 7, 2003 12295 Landscape Maintenance District No. 46 (Daily Ranch) June 24, 2003 12440 Landscape Maintenance District No. 47 (Sycamore Place) April 22, 2003 12355 Landscape Maintenance District No. 49 (Cameron Ranch) June 3, 2003 12394 297
Landscape Maintenance District No. 50 (Pleasant Valley Senior Housing)
June 10, 2003 12404
Landscape Maintenance District No. 51 (Pfeiler) April 19, 2005 12799 Landscape Maintenance District No. 52 (Wingfield) February 1, 2005 12768 Landscape Maintenance District No. 53 (Huff Court) June 7, 2005 12879 Landscape Maintenance District No. 54 (Meadowcrest) March 28, 2006 13024 Landscape Maintenance District No. 55 (Wingfield West) March 28, 2006 13025 Landscape Maintenance District No. 58 (Westwind) June 6, 2006 13069 Landscape Maintenance District No. 60 (Artisan) March 3, 2009 13604 (1)Source: City of Oxnard Resolution Initiating Proceedings for Fiscal Year 2020-21. 298
https://www.oxnard.org/city-department/finance/special-assessment-districts/faqs-general- documents/

299

CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. ____________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD DECLARING INTENTION TO LEVY AND COLLECT ASSESSMENTS FOR FISCAL YEAR 2022-23 WITHIN THE CITY’S LANDSCAPE MAINTENANCE DISTRICTS PURSUANT TO THE LANDSCAPING AND LIGHTING ACT OF 1972.

WHEREAS, the City Council of the City of Oxnard (the “City Council”) has by previous Resolutions formed the City’s Landscape Maintenance Districts (the “Districts”), the listing of which are included in this Resolution as Exhibit A, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2, Division 15 of the California Streets and Highways Code (commencing with Section 22500) (the “Act”); and
WHEREAS, on May 17, 2022 the City Council approved Resolution No. _______ initiating proceedings for the annual levy and collection of assessments for Fiscal Year 2022-23; and WHEREAS, NBS has filed with the City Clerk the Consolidated Engineer’s Report (the “Report”) (Attachment 2) concerning the cost of maintaining the landscaping in such Districts as shown in Exhibit A for the 2022-23 Fiscal Year and the amount of the special benefit received therefrom by each parcel within such Districts; and
NOW, THEREFORE, the City Council of the City of Oxnard resolves:

1. The City Council preliminarily approves the Engineer’s Report.

2. The City Council declares its intention to levy and collect assessments within the Districts for Fiscal Year 2022-23 in accordance with the Act.

3. A full and detailed description of the landscaping improvements, the boundaries of the Districts and any zones therein, and the proposed assessments upon assessable lots and parcels of land within the Districts are contained in the Engineer’s Report on file with the City Clerk which is made a part by reference.

4. Improvements and services to be provided for Fiscal Year 2022-23 within all Districts as reflected in Attachment 2 to this resolution.

5. Notice is hereby given that on June 7, 2022 at 6:00 p.m. in City Council Chambers, at 305 West Third Street, Oxnard, California, the City Council will hold a hearing on the levy of the proposed assessment, at which time all interested persons shall be afforded an opportunity to hear and be heard. Any interested person may, prior to the conclusion of the hearing, file a written protest with the City Clerk or, having previously filed a protest, file a written withdrawal of the protest. A written protest shall state all grounds of objection. A protest by a property owner shall contain a description sufficient to identify the property owned by that person. 300

6. At least 10 days prior to the date of the hearing, the City Clerk shall give notice of the hearing by causing this resolution to be published once in a newspaper of general circulation within the City.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________________
John C. Zaragoza, Mayor
ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
301

EXHIBIT A

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICT LISTING
District Name Formation
Date(1)
Formation
Resolution No.(1)
Landscape Maintenance District No. 3 (River Ridge) March 18,1986 8983 Landscape Maintenance District No. 10 (Country Club Estates) December 13, 1988
9587
Landscape Maintenance District No. 11 (St. Tropez) January 3, 1989 9603 Landscape Maintenance District No. 12 (Standard Pacific) March 28, 1989 9665 Landscape Maintenance District No. 13 (Le Village) March 20, 1990 9894 Landscape Maintenance District No. 14 (California Cove) June 5, 1990 9972 Landscape Maintenance District No. 16 (California Lighthouse) July 9, 1991 10206 Landscape Maintenance District No. 23 (Greystone) June 18, 1996 11071 Landscape Maintenance District No. 24 (Vineyards) June 18, 1996 11072 Landscape Maintenance District No. 25 (The Pointe) June 18, 1996 11073 Landscape Maintenance District No. 27 (Rose Island) June 24, 1997 11259 Landscape Maintenance District No. 28 (Harborside) June 24, 1997 11260 Landscape Maintenance District No. 30 (Haas Automation) June 24, 1997 11261 Landscape Maintenance District No. 31 (Rancho De La Rosa) June 23, 1998 11415 Landscape Maintenance District No. 32 (Oak Park) February 23, 1999
11505
Landscape Maintenance District No. 33 (El Paseo) October 19, 1999 11653 Landscape Maintenance District No. 34 (Sunrise Pointe & Sunset Cove)
October 19, 1999 11654
Landscape Maintenance District No. 36 (Villa Santa Cruz & Villa Carmel)
January 25, 2000 11684
Landscape Maintenance District No. 37 (Pacific Breeze) January 25, 2000 11685 Landscape Maintenance District No. 38 (Aldea Del Mar) November 28, 2000
11863
Landscape Maintenance District No. 39 (Promesa/Sueno & DR Horton/Seawinds)
March 6, 2001 11905
Landscape Maintenance District No. 40 (Cantada) January 8, 2002 12078 Landscape Maintenance District No. 41 (Pacific Cove) January 8, 2002 12079 Landscape Maintenance District No. 42 (Cantabria & Coronado) May 14, 2002 12144 Landscape Maintenance District No. 43 (Greenbelt) January 7, 2003 12295 Landscape Maintenance District No. 46 (Daily Ranch) June 24, 2003 12440 Landscape Maintenance District No. 47 (Sycamore Place) April 22, 2003 12355 Landscape Maintenance District No. 49 (Cameron Ranch) June 3, 2003 12394 302
Landscape Maintenance District No. 50 (Pleasant Valley Senior Housing)
June 10, 2003 12404
Landscape Maintenance District No. 51 (Pfeiler) April 19, 2005 12799 Landscape Maintenance District No. 52 (Wingfield) February 1, 2005 12768 Landscape Maintenance District No. 53 (Huff Court) June 7, 2005 12879 Landscape Maintenance District No. 54 (Meadowcrest) March 28, 2006 13024 Landscape Maintenance District No. 55 (Wingfield West) March 28, 2006 13025 Landscape Maintenance District No. 58 (Westwind) June 6, 2006 13069 Landscape Maintenance District No. 60 (Artisan) March 3, 2009 13604 (1)Source: City of Oxnard Resolution Initiating Proceedings for Fiscal Year 2020-21. 303

EXHIBIT B

CITY OF OXNARD
CONSOLIDATED ENGINEER’S REPORT
DUE TO FILE SIZE, THE ENGINEER’S REPORT IS NOT BEING REPRODUCED FOR

THE AGENDA PACKET, BUT IT IS AVAILABLE ONLINE AT
WWW.OXNARD.ORG/CITY-MEETING AS WELL AS THE CITY CLERK’S OFFICE. 304
4 9
5 34
7 8
1 2
3 & 4
1 &
2 03
30 14
12 36
43 28
38 31
46 39
13 25
51 52
10 16
47 37
34 42
24 58
41 23
33 11
40 60
27 55
50 4954
32 53
This map is compiled by the City of Oxnard GIS Division, which is developed and operated solely for the convenience of the City. The City does not make any representations or warranties regarding the use, accuracy, reliability, and/or completeness of this map and no decision involving a risk of economic loss or physical injury should be made in reliance thereon. µ Maintenance Assessment District (District No.)
Waterway Assessment District (Zone No.)
Community Facilities District (District No.)
Landscape Maintenance District (District No.)

CITY OF OXNARD ASSESSMENT DISTRICTS
3,000 0 3,000 6,000
Feet
Created by:

Geographic Information Systems Division
January 2022
Data Source:

City of Oxnard GIS Division
County of Ventura GIS Program
305
1 & 2 – Westport at Mandalay Bay 7 – Wagon Wheel
3 & 4 – Seabridge at Mandalay Bay 8 – Sakioka Farms
5 – Riverpark 9 – Northshore at Mandalay Bay
3 – Riverridge 37 – Pacific Cove
10 – Country Club 38 – Aldea Del Mar
11 – St Tropez 39 – El Sueno Promesa
12 – Standard Pacific 40 – Cantada
13 – Le Village 41 – Pacific Cove
14 – California Cove 42 – Cantabria/Coronado
16 – California Lighthouse 43 – Greenbelt
23 – Greystone 46 – Daily Ranch
24 – Vineyards 47 – Sycamore Place
25 – The Pointe 49 – Cameron Ranch
27 – Rose Island 50 – PV Senior Housing
28 – Harborside 51 – Pfeiler
30 – Haas Automation 52 – Wingfield
31 – Rancho De La Rosa 53 – Huff Court
32 – Oak Park 54 – Meadowcrest
33 – El Paseo 55 – Wingfield West
34 – Sunrise Pt/Sunset Cove 58 – Westwind
36 – Villa Santa Cruz 60 – Artisan
Zone 1 – Mandalay Bay Zone 2 – Harbour Island

MAINTENANCE ASSESSMENT DISTRICT

WATERWAYS ASSESSEMENT DISTRICTS
4 – Mandalay Beach/Colony

LANDSCAPE MAINTENANCE DISTRICTS
CITY OF OXNARD – SPECIAL DISTRICTS
LANDSCAPE MAINTENANCE DISTRICT * COMMUNITY FACILITIES DISTRICTS WATERWAYS ASSESSMENT DISTRICTS * MAINTENANCE ASSESSMENT DISTRICTS

COMMUNITY FACILITIES DISTRICTS
306
FISCAL YEAR 2022-23 Landscape
Maintenance Districts Initiation of Proceedings,
Declaration of Intent to Levy and Collect
Assessments, and Scheduling of Public
Hearing
Finance & Governance Committee
May 10, 2022
City Council
May 17, 2022
Eric L. Storrie
Special Districts Manager
307
That the Finance and Governance Committee recommend that the City Council acting as the legislative body of the City of Oxnard Landscape Maintenance Districts (LMDs):

1. Adopt a resolution initiating proceedings for the annual levy and collection of assessments for Fiscal Year 2022-2023 within the City’s LMDs; and

2. Adopt a resolution declaring intention to levy and collect assessments for Fiscal Year 2022-2023 within the City’s LMDs pursuant to the Landscape and Lighting Act of 1972.

RECOMMENDATION 2
308
• The Special Districts Division of the Public Works Department manages 48 Assessment Districts which includes 36 LMDs. • These Districts were formed pursuant to the Landscape and Lighting Act of 1972 and requires annual City Council action as the acting legislative body for the LMDs to update the
assessments that appear in the Ventura County Tax Roll. • Therefore, each year the City Council adopts a Resolution to Initiate proceedings, declare the Intention to Levy and Collect Assessments, and set the Public Hearing date for June 7, 2022 to receive public testimony.

BACKGROUND 3
309
• The City is contracted with NBS Financial Group (NBS) as a consultant for the Special Districts.
• NBS provides and Annual Engineers Report of the LMDs to estimate the annual costs of maintenance, operations, and repairs of the authorized improvements for each LMD.
• The Annual Engineers Report calculates the assessment rates required for these costs of maintenance, operations, and repairs.
• Approval of the Recommendation accomplishes the following:

DISCUSSION 4
310
• Orders the preparation and filing of the 2022-2023
Consolidated Engineer’s Report
• Preliminarily approves the Landscape and Lighting
Assessments within a total of thirty six (36) of the Districts • Declares intent to levy and collect assessments in the Landscape Maintenance Districts for Fiscal Year 2022-23 • Identify certain improvements and services to be provided for Fiscal Year 2022-23 within the 36 Districts
• Sets a public hearing for June 7, 2022 at 6:00pm in the City Council Chambers
• Requires the City Clerk to give notice at least 10 days prior to the date of the hearing
DISCUSSION 5
311
FINANCIAL IMPACT 6
• The General Benefit contribution based on the budgeted expenses for the Landscape Maintenance Districts totals $82,780.
• An additional $109,853 in General Fund subsidy is
proposed to meet the estimated utility expense overage. • The total Fiscal Year 2022-23 impact to the General Fund is $192,633.
312
MAP OF ASSESSMENT DISTRICTS IN THE CITY OF OXNARD 7
More information can be
found at:
oxnard.org/city-departm
ent/finance/special-asse
ssment-districts/
313

QUESTIONS
8 314

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.6

DATE: May 10, 2022

TO: Finance & Governance Committee

FROM: Michael Wolfe, Public Works Director, (805) 385-8055, [email protected]

SUBJECT: Fiscal Year 2022-23 Special Tax Levy for Community Facility Districts No. 1, 2, 3, 4, 5 and 2000-3. (0/10/10)

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5 and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2022-23;

6. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2022-23; and

7. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County Secured Tax Roll.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/xPaqXgH4yho

BACKGROUND

CFD No. 1 Special Tax
On October 3, 2000, City Council adopted Resolution No. 11,823 establishing CFD No. 1. On October 24, 315
2000, City Council adopted Ordinance No. 2541, which was amended by Ordinance No. 2591 adopted on February 5, 2002, to levy a special tax sufficient to pay principal, interest, other periodic costs and administrative expenses with respect to the bonds of CFD No. 1. In each fiscal year thereafter, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year. Resolution No. 12,082 established a Revised Rate and Method for CFD No. 1. FY21-22 Special Tax was $700,041.88, and staff anticipates this to be a comparable Special Tax for FY22-23 based on CPI and increased services expenses.

The reserve fund will be credited to property owners in the final year of the bonds, to the extent available. The remaining balance of the bonds after the September 1, 2022, debt service payment is $6,110,000 with the final payment due on September 1, 2033.

CFD No. 2 Special Tax
On October 3, 2000, City Council adopted Resolution No. 11,825 establishing CFD No. 2. On October 24, 2000, City Council adopted Ordinance No. 2542, which was amended by Ordinance No. 2592 adopted on February 5, 2002, to levy a special tax sufficient to pay costs of the services and incidental expenses relating to the maintenance of CFD No. 2. In each fiscal year thereafter, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year. Resolution No. 12,082 established a Revised Rate and Method for CFD No. 2.

FY21-22 Special Tax was $513,730.74, and staff anticipates this to be a comparable Special Tax for FY22-23 based on CPI and increased services expenses. The Westport CFD No. 2 Reserve Study was prepared by Association Reserves with a final version due in May 2022 for Fiscal Year 2022-23.

CFD No. 3 Special Tax
On December 14, 2004, City Council adopted Resolution No. 12,737 (the “Resolution of Formation”) establishing CFD No. 3 and Ordinance No. 2676 to levy a special tax sufficient to pay principal, interest, and other periodic costs and administrative expenses with respect to the bonds of CFD No. 3. In each fiscal year thereafter, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year. FY21-22 Special Tax was $1,778,820.18 and staff anticipates this to be a comparable Special Tax for FY22-23 based on CPI and increased services expenses There is no formal reserve fund for CFD No. 3 as the bonds were refinanced as a private placement in 2013 with no requirement to fund a reserve. The fund balance consists only of funds necessary to pay principal, interest, and administrative costs. After the September 1, 2022, debt service payment, the remaining balance of the bonds is $19,795,000 with the final payment due on September 1, 2035.

CFD No. 4 Special Tax
On December 14, 2004, City Council adopted Resolution No. 12,739 (the “Resolution of Formation”) establishing CFD No. 4 and Ordinance No. 2677 to levy a special tax sufficient to pay certain costs of Services and Incidental Expenses relating to the maintenance of CFD No. 4. In each fiscal year thereafter, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year.

FY21-22 Special Tax was $655,014.16, and staff anticipates this to be a comparable Special Tax for FY22-23 based on CPI and increased services expenses. The Seabridge CFD 4 Reserve Study was prepared by Association Reserves with a final version due in May 2022 for Fiscal Year 2022-23.

CFD No. 5 Special Tax
316
On September 13, 2005, City Council adopted Resolution No. 12,936 (the “Resolution of Formation”) establishing CFD No. 5. On September 20, 2005, City Council adopted Ordinance No. 2701 to levy a special tax sufficient to pay costs of the Services, Improvements, and Incidental Expenses set forth in Exhibit A attached to the Resolution of Formation and defined therein. Thereafter, in each fiscal year, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year.

CFD No. 5 is authorized to pay for any and all types of services authorized pursuant to Government Code Section 53313, which includes the following:
Maintenance of parks, parkways, and open space
Recreation program services, library services, maintenance services for elementary and secondary school sites and structures, and the operation and maintenance of museums and cultural facilities Flood and storm protection services
Ongoing administrative fees
Police protection services
Fire protection and suppression services
Ambulance and paramedic services
Local park, recreation, parkway, and open-space facilities The Resolution of Formation authorizes annual adjustments to the maximum special tax rates based upon the Consumer Price Index (CPI) with a floor of 2% and a cap of 5% annually.

With the exception of the Undeveloped Property land use classification, there is an increase in the tax rate of 2% for Fiscal Year 2022-23, which is consistent with prior years’ increases pursuant to the requirements contained in the rate and method of apportionment (“RMA”) for CFD No. 5. Pursuant to the special tax formula in the RMA, developed property is first levied up to 100% of their maximum special tax to meet the annual special tax requirement. If additional funds are needed, then undeveloped property is levied up to 100% of their maximum special tax to meet the remainder of the annual special tax requirement.

FY21-22 Special Tax was $2,987,472.46, and staff anticipates this to be a comparable Special Tax for FY22-23 based on CPI and increased services expenses. The Riverpark CFD No. 5 Reserve Study was prepared by Association Reserves with a final version due in May 2022 for Fiscal Year 2022-23.

The attached Agreement for Billing of Direct Assessments is an agreement required by the County of Ventura for a continuation of services related to the inclusion of the City’s special taxes and special assessments on the Ventura County tax bills. In absence of this arrangement, the City would have to bill property owners directly for special taxes/assessments. This agreement is applicable to all assessment districts, community facilities districts and other special assessments administered by the City.

CFD No. 2000-3 Special Tax
Special Districts is a division of the Public Works Department and manages a total of 48 assessment districts, including five (5) non-bonded community facilities districts (CFDs.) On July 24, 2001, City Council adopted Resolution No. 12,019 authorizing bonded indebtedness for CFD No. 2000-3 in the amount not to exceed $15,000,000 to be paid by the levy of a special tax. Government Code Section 53340 requires that, prior to the first time the special tax is levied, the City Council adopts an ordinance setting the special tax rate (which states the maximum rate approved by the voters in the CFD at the time of 317
formation). Thereafter, in each fiscal year, the Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year. The special tax rate set by resolution each year may be less than the maximum rate set by the ordinance. On April 17, 2001, the City Council adopted Ordinance No. 2570 setting the special tax rate for CFD No. 2000-3.

The attached resolution sets the special tax rate for Fiscal Year 2022-23 for CFD No. 2000-3. The special tax is used to pay debt service on the CFD No. 2000-3 bonds and to pay expenses related to administration of the district.

The reserve fund will be credited to property owners in the final year of the bonds, to the extent available. The remaining balance of the bonds after the September 2022 debt service payment is $4,340,000 with the final payment due on September 1, 2032.

STRATEGIC PRIORITIES

This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.

FINANCIAL IMPACT

CFD 1 and 2:

There will be no cost to the City’s General Fund from approval of the resolutions levying the special taxes for CFD No. 1 and CFD No. 2 for FY 2022-23. Debt service costs and all administrative costs are included in the amount to be collected by the special taxes, which are levied against properties located in CFD No. 1 and CFD No. 2.

CFD 3 and 4:

There will be no cost to the City’s General Fund from approval of the resolutions levying the special taxes for CFD No. 3 and CFD No. 4 for FY 2022-23. Debt service costs and all administrative costs are included in the amount to be collected by the special taxes, which are levied against properties located in CFD No. 3 and CFD No. 4.

CFD 5:

There will be no cost to the City’s General Fund from approval of the resolution levying the special taxes for CFD No. 5 for FY 2022-23. All maintenance, service, and administrative costs are included in the amount to be collected by the special taxes, which are levied on properties located in CFD No. 5.

CFD 2000-3:

There will be no cost to the General Fund from approval of the resolution levying the special taxes for CFD No. 2000-3. Debt service costs and all administrative costs are included in the amount to be collected by the special taxes, which are levied against properties located in CFD No. 2000-3.

Prepared by: Steve Howlett, Assistant Public Works Director

ATTACHMENTS

1. Resolution Authorizing Levy of Special Tax CFD 1 FY 22-23

2. Resolution Authorizing Levy of Special Tax CFD 2 FY 22-23

3. Resolution Authorizing Levy of Special Tax CFD 3 FY 22-23 318

4. Resolution Authorizing Levy of Special Tax CFD 4 FY 22-23

5. Resolution Authorizing Levy of Special Tax CFD 5 FY 22-23

6. 2020-21 Agreement for Billing of Direct Assessments

7. Resolution Authorizing Levy of Special Tax 2000-3 FY 22-23

8. City of Oxnard Special Districts List

9. City of Oxnard Special Districts Map

10. Presentation
319
RESOLUTION NO. ________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 1 (WESTPORT AT MANDALAY BAY) OF THE CITY OF OXNARD

AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY
FACILITIES DISTRICT NO. 1 (WESTPORT AT MANDALAY BAY) FOR THE FISCAL YEAR 2022-23
WHEREAS, the City Council of the City of Oxnard (the “City”) previously established Community Facilities District No. 1 (Westport at Mandalay Bay) of the City of Oxnard (“CFD No. 1”) pursuant to the terms and provisions of the MelloRoos Community Facilities Act of 1982, as amended, commencing with Government Code Section 53311 (the “Act”); and WHEREAS, the City Council of the City, acting as the legislative body of CFD No. 1, is authorized pursuant to Resolution No. 11,823 (the “Resolution of Formation”) and Resolution No. 12,082, establishing a Revised Rate and Method as described in Resolution No. 12,082, and Ordinance No. 2541 adopted by the City Council on October 24, 2000, as amended by Ordinance No. 2591 adopted on February 5, 2002 (the “Ordinance”), to levy a special tax sufficient to pay certain costs of the Services and Incidental Expenses (as defined in the Resolution of Formation); and WHEREAS, it is now necessary and appropriate that this City Council levy and collect the special taxes for the Fiscal Year 2022-23 for the purpose specified in the Resolution of Formation and the Ordinance, by the adoption of a resolution as specified by the Act and the Ordinance; and WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the special taxes being levied hereunder are at the same rate or at a lower rate than provided by the Ordinance;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 1 (WESTPORT AT MANDALAY BAY), DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The above recitals are true and correct.

SECTION 2. The special tax is imposed without regard to property valuation and is levied in compliance with the Act and the Ordinance.

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the District which are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the report prepared by NBS Government Finance Group for CFD No. 1 entitled “City of Oxnard Community Facilities District No. 1 (Westport at Mandalay Bay) Fiscal Year 2022-23 Levy” (the “Report”), attached hereto as Exhibit A and made a part hereof, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance. After adoption of this Resolution, the Chief Financial Officer of the City, or his or her designee, may make any necessary modifications to these special taxes to correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxed or in the amount to be charged to any category of parcels; provided, however, that any such 320
modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 4. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Formation. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Formation.

SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes except as such procedure may be modified by law and by this City Council.

SECTION 6. The Chief Financial Officer is hereby authorized and directed to transmit a certified copy of this Resolution and the Report to the Ventura County Auditor, together with other supporting documentation as may be required to place said special taxes on the secured property tax roll for the Fiscal Year 2022-23, and to perform all other acts which are required by the Act, the Ordinance, or by law in order to accomplish the purpose of this Resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________________________
John C. Zaragoza, Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 1 (Westport at Mandalay Bay) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
321
RESOLUTION NO. ________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2 (WESTPORT AT MANDALAY BAY) OF THE CITY OF OXNARD

AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY
FACILITIES DISTRICT NO. 2 (WESTPORT AT MANDALAY BAY) FOR THE FISCAL YEAR 2022-23
WHEREAS, the City Council of the City of Oxnard (the “City”) previously established Community Facilities District No. 2 (Westport at Mandalay Bay) of the City of Oxnard (“CFD No. 2”) pursuant to the terms and provisions of the MelloRoos Community Facilities Act of 1982, as amended, commencing with Government Code Section 53311 (the “Act”); and WHEREAS, the City Council of the City, acting as the legislative body of CFD No. 2, is authorized pursuant to Resolution No. 11,825 (the “Resolution of Formation”) and Resolution No. 12,082, establishing a Revised Rate and Method as described in Resolution No. 12,082, and Ordinance No. 2542 adopted by the City Council on October 24, 2000, as amended by Ordinance No. 2592 adopted on February 5, 2002 (the “Ordinance”), to levy a special tax sufficient to pay certain costs of the Services and Incidental Expenses (as defined in the Resolution of Formation); and WHEREAS, it is now necessary and appropriate that this City Council levy and collect the special taxes for the Fiscal Year 2022-23 for the purpose specified in the Resolution of Formation and the Ordinance, by the adoption of a resolution as specified by the Act and the Ordinance; and WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the special taxes being levied hereunder are at the same rate or at a lower rate than provided by the Ordinance;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2 (WESTPORT AT MANDALAY BAY), DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The above recitals are true and correct.

SECTION 2. The special tax is imposed without regard to property valuation and is levied in compliance with the Act and the Ordinance.

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within CFD No. 2 which are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the report prepared by NBS Government Finance Group for CFD No. 2 entitled “City of Oxnard Community Facilities District No. 2 (Westport at Mandalay Bay) Fiscal Year 2022-23 Levy” (the “Report”), attached hereto as Exhibit A and made a part hereof, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications to these special taxes to 322
correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxed or in the amount to be charged to any category of parcels; provided, however, that any such modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 4. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Formation. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Formation.

SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes except as such procedure may be modified by law and by this City Council.

SECTION 6. The Chief Financial Officer is hereby authorized and directed to transmit a certified copy of this Resolution and the Report to the Ventura County Auditor, together with other supporting documentation as may be required to place said special taxes on the secured property tax roll for the Fiscal Year 2022-23, and to perform all other acts which are required by the Act, the Ordinance, or by law in order to accomplish the purpose of this Resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________________
John C. Zaragoza, Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 2 (Westport at Mandalay Bay) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
323
RESOLUTION NO. ________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 3 (SEABRIDGE AT MANDALAY BAY) OF THE CITY OF OXNARD

AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY
FACILITIES DISTRICT NO. 3 (SEABRIDGE AT MANDALAY BAY) FOR THE FISCAL YEAR 2022-23
WHEREAS, the City Council of the City of Oxnard (the “City”) previously established Community Facilities District No. 3 (Seabridge at Mandalay Bay) of the City of Oxnard (“CFD No. 3”) pursuant to the terms and provisions of the MelloRoos Community Facilities Act of 1982, as amended, commencing with Government Code Section 53311 (the “Act”); and WHEREAS, the City Council of the City, acting as the legislative body of CFD No. 3, is authorized pursuant to Resolution No. 12,737 (the “Resolution of Formation”) and Ordinance No. 2676 adopted by the City Council on December 14, 2004, (the “Ordinance”) to levy a special tax sufficient to pay principal, interest, other periodic costs and administrative expenses with respect to bonds of CFD No. 3 (the “Bonds”) and to pay certain costs of the Public Improvements and Incidental Expenses (as defined in the Resolution of Formation); and
WHEREAS, it is now necessary and appropriate that this City Council provide for the levy and collection of the special taxes for the Fiscal Year 2022-23 for the purpose specified in the Resolution of Formation and the Ordinance, by the adoption of a resolution as specified by the Act and the Ordinance; and
WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the special taxes being levied hereunder are at the same rate or at a lower rate than provided by the Ordinance;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 3 (SEABRIDGE AT MANDALAY BAY), DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The above recitals are true and correct.

SECTION 2. The special tax is imposed without regard to property valuation and is levied in compliance with the Act and the Ordinance.

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the District which are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the report prepared by NBS Government Finance Group for CFD No. 3 entitled “City of Oxnard Community Facilities District No. 3 (Seabridge at Mandalay Bay) Fiscal Year 2022-23 Levy” (the “Report”) attached hereto as Exhibit A and made a part hereof, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance. After adoption of this Resolution, the Chief Financial 324
2 Officer of the City, or designee, may make any necessary modifications to these special taxes to correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxes or in the amount to be charged to any category of parcels; provided, however, that any such modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 4. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Formation. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Formation.

SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes except as such procedure has been modified by law and this City Council as set forth in the Indenture Between CFD No. 3 and Wells Fargo Bank, National Association, as Fiscal Agent dated as of October 1, 2005.

SECTION 6. As a cumulative remedy, if any amount levied as a special tax for payment of bond interest or principal, together with any penalties and other charges accruing under this Resolution, are not paid when due, the City Council may, not later than four years after the due date of the last installment of principal on the Bonds, order that the same be collected by an action brought in the superior court to foreclose the lien of such special tax.

SECTION 7. The Chief Financial Officer is hereby authorized and directed to transmit a certified copy of this Resolution and the Report to the Ventura County Auditor, together with other supporting documentation as may be required to place said special taxes on the secured property tax roll for the Fiscal Year 2022-23, and to perform all other acts which are required by the Act, the Ordinance, or by law in order to accomplish the purpose of this Resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_________________________________________
John C. Zaragoza, Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 3 (Seabridge at Mandalay Bay) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
325
3 APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
326
327
RESOLUTION NO. ________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 4 (SEABRIDGE AT MANDALAY BAY) OF THE CITY OF OXNARD

AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY
FACILITIES DISTRICT NO. 4 (SEABRIDGE AT MANDALAY BAY) FOR THE FISCAL YEAR 2022-23
WHEREAS, the City Council of the City of Oxnard (the “City”) previously established Community Facilities District No. 4 (Seabridge at Mandalay Bay) of the City of Oxnard (“CFD No. 4”) pursuant to the terms and provisions of the MelloRoos Community Facilities Act of 1982, as amended, commencing with Government Code Section 53311 (the “Act”); and WHEREAS, the City Council of the City, acting as the legislative body of CFD No. 4, is authorized pursuant to Resolution No. 12,739 (the “Resolution of Formation”) and Ordinance No. 2677 adopted by the City Council on December 14, 2004, (the “Ordinance”), as amended by Resolution No. 15,104 adopted on April 3, 2018 (the “Resolution Reducing the Maximum Special Tax” to levy a special tax sufficient to pay certain costs of the Services and Incidental Expenses (as defined in the Resolution of Formation); and
WHEREAS, it is now necessary and appropriate that this City Council provide for the levy and collection of the special taxes for the Fiscal Year 2022-23 for the purpose specified in the Resolution of Formation and the Ordinance, by the adoption of a resolution as specified by the Act and the Ordinance; and
WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the special taxes being levied hereunder are at the same rate or at a lower rate than provided by the Resolution Reducing the Maximum Special Tax;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 4 (SEABRIDGE AT MANDALAY BAY), DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The above recitals are true and correct.

SECTION 2. The special tax is imposed without regard to property valuation and is levied in compliance with the Act and the Ordinance.

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the District which are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the report prepared by NBS Government Finance Group for CFD No. 4 entitled “City of Oxnard Community Facilities District No. 4 (Seabridge at Mandalay Bay) Fiscal Year 2022-23 Levy” (the “Report”) attached hereto as Exhibit A and made a part hereof, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance. After adoption of this Resolution, the Chief Financial 328
Officer of the City, or designee, may make any necessary modifications to these special taxes to correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxes or in the amount to be charged to any category of parcels; provided, however, that any such modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 4. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Formation. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Formation.

SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes except as such procedure may be modified by law and by this City Council.

SECTION 6. The Chief Financial Officer is hereby authorized and directed to transmit a certified copy of this Resolution and the Report to the Ventura County Auditor, together with other supporting documentation as may be required to place said special taxes on the secured property tax roll for the Fiscal Year 2022-23, and to perform all other acts which are required by the Act, the Ordinance, or by law in order to accomplish the purpose of this Resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
____________________________________________
John C. Zaragoza, Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 4 (Seabridge at Mandalay Bay) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
329
RESOLUTION NO. ________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 5 (RIVERPARK) OF THE CITY OF OXNARD AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY FACILITIES DISTRICT NO. 5 (RIVERPARK) FOR THE FISCAL YEAR 2022-23
WHEREAS, the City Council of the City of Oxnard (the “City”) previously established Community Facilities District No. 5 (Riverpark) of the City of Oxnard (“CFD No. 5”) pursuant to the terms and provisions of the MelloRoos Community Facilities Act of 1982, as amended, commencing with Government Code Section 53311 (the “Act”); and
WHEREAS, this City Council of the City (this “City Council”), acting as the legislative body of CFD No. 5, is authorized pursuant to Resolution No. 12,936, adopted by this City Council on September 13, 2005 (the “Resolution of Formation”), and Ordinance No. 2701, adopted by this City Council on September 20, 2005 (the “Ordinance”), to levy a special tax sufficient to pay costs of the Services, Improvements, and Incidental Expenses set forth in Exhibit A attached to the Resolution of Formation in accordance with the provisions of the Rate and Method of Apportionment for City of Oxnard Community Facilities District No. 5 (Riverpark) (the “Rate and Method”), a copy of which is attached to the Resolution of Formation as Exhibit B; and WHEREAS, it is now necessary and appropriate that this City Council, acting as the legislative body of CFD No. 5, levy and collect the special taxes for Fiscal Year 2022-23 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of a resolution as specified by the Act and the Ordinance; and
WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the special taxes being levied hereunder are at the same rate or at a lower rate than provided by the Ordinance;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 5 (RIVERPARK), DOES HEREBY FIND, RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:

SECTION 1. The foregoing recitals, and each of them, are true and correct.

SECTION 2. The special tax is imposed without regard to property valuation and is levied in compliance with the Act and the Ordinance.

SECTION 3. In accordance with the Act, the Ordinance, and the Rate and Method, there is hereby levied upon the parcels within CFD No. 5 that are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the exhibit entitled “City of Oxnard Community Facilities District No. 5 (Riverpark) Fiscal Year 2022- 23 Levy”, attached hereto as Exhibit A and made a part hereof by this reference, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance and the Rate and Method. After adoption of this Resolution, the Chief Financial Officer of the City, or his or her 330
designee, may make any necessary modifications to these special taxes to correct any errors, omissions, or inconsistencies in the listing or categorization of parcels to be taxed or in the amount to be charged to any category of parcels; provided, however, that any such modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 4. All of the collections of the special tax shall be used only as provided for in the Act and the Resolution of Formation. The special tax shall be levied only so long as needed to accomplish the purposes described in the Resolution of Formation.

SECTION 5. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes except as such procedure may be modified by law and by this City Council.

SECTION 6. The Chief Financial Officer is hereby authorized and directed to transmit a certified copy of this Resolution and Exhibit A to the Ventura County Auditor, together with other supporting documentation as may be required to place said special taxes on the secured property tax roll for the Fiscal Year 2022-23, and to perform all other acts that are required by the Act, the Ordinance, the Rate and Method, or by law in order to accomplish the purpose of this Resolution.

SECTION 7. This Resolution shall take effect from and after its date of adoption.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________________
John C. Zaragoza, Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 5 (Riverpark) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
331

AGREEMENT FOR BILLING OF DIRECT ASSESSMENTS
This Agreement For Billing of Direct Assessments ("Agreement") is made and entered into between the Ventura County Auditor-Controller and
("Agency") to provide the service of placement of direct assessments on the Secured Tax Roll
and
distribution of collections to the Agency.

I. PROPERTY TAX SERVICES
Ventura County will place direct assessments on the Secured Tax Roll and distribute collections to the Agency at the same time and in the same manner as Ventura County property taxes are collected and distributed, and as authorized by law. The Agency will adhere to the policies and procedures established by the Ventura County Auditor-Controller as outlined in the Direct Assessment Submission Letter.

II. FEES FOR SERVICES
For billing, collection, correction and administration of direct assessments, the Ventura County Auditor-Controller shall collect the following charges:

A. A Direct Assessment Line Fee for the original submission will be charged an amount per assessment per parcel that is set by the County via resolution by the Board of Supervisors at its annual Countywide Rates and Fees public hearing.

B. For correction or removal of direct assessments requested by the Agency after extension of the tax roll, the Ventura County Auditor-Controller will collect $23.00 per correction or removal. All corrections and removals must be submitted by the third Friday in February.

C. An Administration and collection fee shall be charged in an amount not to exceed one- fourth of 1 percent of amounts collected.

D. Collection fees and charges herein provided are subject to adjustment by the County via resolution of the Board of Supervisors at its annual Countywide Rates and Fees public hearing. The Ventura County Auditor-Controller reserves the right to increase or v.2020 Agreement for billing of direct assessments
Attachment B

332
decrease any charges herein provided, in proportion to any changes in costs incurred by the Auditor-Controller in providing the services described herein, provided that written notice of any increase or decrease in charges is given to the Agency.

III. COLLECTION OF AUDITOR-CONTROLLER FEES
Direct Assessment billing, correction and removal charges are deducted once a year, in the April Secured Apportionment. Collection and administrative fees are deducted from each Apportionment distribution.

IV. REQUESTS FOR INFORMATION AND ACCOUNTING SERVICES
The Ventura County Auditor-Controller publishes a report of direct assessments levied for the tax year by parcel to the Auditor -Controller's website in January, May and July. Requests for information and accounting services beyond what is posted to the Website will be considered extended services and will be subject to additional charges and fees. v. AUTHORITY FOR LEVY AND COMPLIANCE WITH LAW
The authority for any levy, (i.e. resolution, ordinance or election), shall accompany requests for the levy of direct assessments. The Agency warrants that the taxes, fees, or assessments imposed by the Agency and collected pursuant to this Agreement comply with all requirements of state law, including but not limited to Articles XII IC and XIIID of the California Constitution (Proposition 218).

The Agency hereby releases and forever discharges Ventura County and its officials, officers, agents, representatives and employees from any and all claims, demands, liabilities, costs and expenses, damages, causes of action, and judgments, in any manner arising out of the Agency's responsibilities and representations under this Agreement or other action taken by the Agency in establishing a special tax, fee, or assessment and implementing colle ction of special taxes, fees, or assessments as contemplated in and/or pursuant to this Agreement, including disputes related to lien priority.

The Agency further agrees to and shall defend, indemnify and hold harmless Ventura County and its officials, off icers, agents, representatives and employees (“indemnified parties”) from any and all claims, demands, liabilities, costs and expenses, damages, causes of action and judgments, in any manner arising out of any of the Agency's responsibilities and representations under this Agreement, or other action taken by the Agency in establishing a special tax, fee, or assessment and implementing collection of special taxes, fees, or assessments as contemplated in and/or pursuant to this Agreement, including disputes related to lien priority.
v.2020 Agreement for billing of direct assessments
Attachment B

333
If any judgement is entered against any indemnified party as a result of action taken to implement this Agreement, the Agency agrees that Ventura County may offset the amount of any judgement paid by any indemnified party from any monies collected by Ventura County on the Agency's behalf, including property taxes, special taxes, fees, or assessments. Ventura County may, but is not required to, notify the Agency of its intent to implement any offset authorized by this paragraph.

VI. TERMS OF AGREEMENT
Upon execution, this Agreement terminates, supersedes and replaces all prior agreements between Ventura County Auditor-Controller and the Agency pertaining to the collection of direct assessments. This Agreement shall continue from year to year and shall be subject to cancellation by either party by giving a thirty-day written notice of cancellation to the other party.

VII. AUTHORITY
The above terms are accepted by the Agency and the undersigned further certifies that he/she is authorized to sign this Agreement and bind the Agency to its terms.

Authorized Signature: Date:

Authorized Name:
(PRINT)
Title:
(PRINT TITLE)
For Auditor-Controller Use Only
Approved Signature: Date:

SECTION MANAGER
Approved Name:
(PRINT)
v.2020 Agreement for billing of direct assessments
Attachment B

334
RESOLUTION NO. _______

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD, ACTING AS LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2000-3 (OXNARD BOULEVARD/HIGHWAY 101 INTERCHANGE), SETTING THE LEVY

OF AN ANNUAL SPECIAL TAX FOR SUCH COMMUNITY FACILITIES
DISTRICT FOR FISCAL YEAR 2022-23
WHEREAS, the CITY COUNCIL of the CITY OF OXNARD, CALIFORNIA (the “City Council”), has initiated proceedings, held a public hearing, conducted an election and received a favorable vote from the qualified electors to authorize the levy of a special tax in a community facilities district, all as authorized pursuant to the terms and provisions of the “Mello-Roos Community Facilities Act of 1982”, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (the “Act”) and this Community Facilities District is designated as COMMUNITY FACILITIES DISTRICT NO. 2000-3 (OXNARD BOULEVARD/HIGHWAY 101 INTERCHANGE) (the “District”); and WHEREAS, the City Council, by the adoption of Ordinance No. 2570 (“Ordinance”) as authorized by Section 53340 of the Government Code of the State of California, has authorized the levy of special taxes within the District including the Improvement Areas established within such District to finance authorized services; and
WHEREAS, Government Code Section 53340 provides that the City Council may provide, by resolution, for the levy of special taxes in the current tax year at the same rates or at a lower rate than the rate provided for in the Ordinance levying such special taxes, if such resolution is adopted and a certified list of all parcels subject to the special tax levy including the amount of the special tax to be levied on each parcel for the current tax year (the “Certified Parcel List”) is timely filed by the clerk or other official designated by the City Council with the Auditor of the County of Ventura (the “County Auditor”) on or before August 10th of the applicable tax year; and
WHEREAS, the assessments are in conformance with Proposition 218; and WHEREAS, the City’s Chief Financial Officer has prepared or caused to be prepared a Certified Parcel List;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Oxnard, acting as the legislative body of Community Facilities District No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange), as follows:

SECTION 1. The above recitals are all true and correct.

SECTION 2. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the District which are not otherwise exempt from taxation under the Act or the Ordinance special taxes for the Fiscal Year 2022-23 at the special tax rates set forth in the report prepared by NBS Government Finance Group entitled “City of Oxnard Community Facilities District No. 2000-3 (Oxnard Blvd/Highway 101 Interchange) Fiscal Year 2022-23 Levy” (the “Report”) attached hereto as Exhibit A and made a part hereof, which special tax rates do not exceed the maximum special tax rates set forth in the Ordinance. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary 335
modifications to these special taxes to correct any errors, omissions or inconsistencies in the listing or categorization of parcels to be taxes or in the amount to be charged to any category of parcels; provided, however, that any such modifications shall not result in an increase in the special tax applicable to any category of parcels and is made prior to the submission of the tax rolls to the Ventura County Auditor.

SECTION 3. The Chief Financial Officer is hereby authorized and directed to submit the Certified Parcel List to the County Auditor on or before July 1, 2022 or such later date to which the County Auditor may agree.

SECTION 4. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected, and shall be subject to the same penalties and same procedure and sale in cases of any delinquency for ad valorem taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative costs incurred in collecting any said special tax. Any special taxes that may not be collected on the County tax roll shall be collected through a direct billing procedure by the Treasurer of the City of Oxnard, acting for and on behalf of the District.

SECTION 5. The County Auditor is hereby directed to enter in the next County assessment roll on which taxes will become due, opposite each lot or parcel of land affected, in a space marked “public improvements, special tax” or by any other suitable designation, the installment of the special tax.

SECTION 6. The County Auditor shall, at the close of the tax collection period, promptly render to the District a detailed report showing the amount and/or amounts of such special tax installments, interest, penalties and percentages so collected and from what property collected, and also provide a statement of any percentages retained for the expense of making any such collection.

SECTION 7. This resolution shall become effective upon its adoption.

PASSED, APPROVED AND ADOPTED on this ____ day of ______, 2022 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_________________________________
John C. Zaragoza Mayor of the City Council of the City of Oxnard, acting on behalf of Community Facilities District No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) of the City of Oxnard ATTEST:
___________________________________
Rose Chaparro, City Clerk
336
APPROVED AS TO FORM:
___________________________________
Stephen M. Fischer, City Attorney
337
1 & 2 – Westport at Mandalay Bay 7 – Wagon Wheel
3 & 4 – Seabridge at Mandalay Bay 8 – Sakioka Farms
5 – Riverpark 9 – Northshore at Mandalay Bay
3 – Riverridge 37 – Pacific Cove
10 – Country Club 38 – Aldea Del Mar
11 – St Tropez 39 – El Sueno Promesa
12 – Standard Pacific 40 – Cantada
13 – Le Village 41 – Pacific Cove
14 – California Cove 42 – Cantabria/Coronado
16 – California Lighthouse 43 – Greenbelt
23 – Greystone 46 – Daily Ranch
24 – Vineyards 47 – Sycamore Place
25 – The Pointe 49 – Cameron Ranch
27 – Rose Island 50 – PV Senior Housing
28 – Harborside 51 – Pfeiler
30 – Haas Automation 52 – Wingfield
31 – Rancho De La Rosa 53 – Huff Court
32 – Oak Park 54 – Meadowcrest
33 – El Paseo 55 – Wingfield West
34 – Sunrise Pt/Sunset Cove 58 – Westwind
36 – Villa Santa Cruz 60 – Artisan
Zone 1 – Mandalay Bay Zone 2 – Harbour Island

MAINTENANCE ASSESSMENT DISTRICT

WATERWAYS ASSESSEMENT DISTRICTS
4 – Mandalay Beach/Colony

LANDSCAPE MAINTENANCE DISTRICTS
CITY OF OXNARD – SPECIAL DISTRICTS
LANDSCAPE MAINTENANCE DISTRICT * COMMUNITY FACILITIES DISTRICTS WATERWAYS ASSESSMENT DISTRICTS * MAINTENANCE ASSESSMENT DISTRICTS

COMMUNITY FACILITIES DISTRICTS
338
4 9
5 34
7 8
1 2
3 & 4
1 &
2 03
30 14
12 36
43 28
38 31
46 39
13 25
51 52
10 16
47 37
34 42
24 58
41 23
33 11
40 60
27 55
50 4954
32 53
This map is compiled by the City of Oxnard GIS Division, which is developed and operated solely for the convenience of the City. The City does not make any representations or warranties regarding the use, accuracy, reliability, and/or completeness of this map and no decision involving a risk of economic loss or physical injury should be made in reliance thereon. µ Maintenance Assessment District (District No.)
Waterway Assessment District (Zone No.)
Community Facilities District (District No.)
Landscape Maintenance District (District No.)

CITY OF OXNARD ASSESSMENT DISTRICTS
3,000 0 3,000 6,000
Feet
Created by:

Geographic Information Systems Division
January 2022
Data Source:

City of Oxnard GIS Division
County of Ventura GIS Program
339
SPECIAL DISTRICT FISCAL YEAR 22-23

ASSESSMENTS
Finance and Governance Committee
May 10, 2022
City Council
June 7, 2022
Eric L. Storrie
Special Districts Manager
340
That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5 and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

RECOMMENDATION
341
That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5 and 2000-3:

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2022-23;

6. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2022-23; and

7. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County Secured Tax Roll.

RECOMMENDATION
342
4 MAP OF ASSESSMENT DISTRICTS IN CITY
Additional information can be found at: oxnard.org/city-department/publicworks 343

ADOPTION OF RESOLUTION FOR LEVY
COMMUNITY FACILITIES DISTRICTS 1 & 2 –

WESTPORT AT MANDALAY BAY
344
CFD No. 1 Special Tax
• CFD No. 1 was created and approved to levy a special tax sufficient to pay principal, interest, other periodic costs and administrative expenses for the construction of Westport. • Government Code requires the City Council to adopt a resolution levying the special tax rate for that fiscal year.
• Maximum special tax rate in FY 2022-23 for CFD No. 1 is $956,171.65, the actual amount to be levied is still to be determined.
• Remaining balance of the bonds is $6,110,000 with the final payment due on September 1, 2033.

BACKGROUND
345
CFD No. 2 Special Tax
• CFD No. 2 was created and approved to levy a special tax sufficient to pay costs of the services and incidental
expenses relating to the maintenance of Westport at
Mandalay Bay.

BACKGROUND
346
CFD No. 1 Special Tax
• The maximum special tax rate in FY 2022-23 is
$956,171.65
• Amount to be levied is to be determined
CFD No. 2 Special Tax
• The maximum special tax for CFD No. 2 for FY 2022-23 is $839,589.80
• FY 2022-23 levy is to be determined
• CFD No. 2 did not receive a levy credit in FY 2021-22 • FY22-23 levy is expected to be comparable to FY21-22
and staff have met multiple times with the community to discuss wanted improvements and services.

DISCUSSION
347
• There will be no cost to the City’s General Fund from approval of the resolutions levying the special taxes for CFD No. 1 and CFD No. 2 for FY 2022-23.
• Debt service costs and all administrative costs are
included in the amount to be collected by the special taxes, which are levied against properties located in CFD No. 1 and CFD No. 2

FINANCIAL IMPACT
348

ADOPTION OF RESOLUTION FOR LEVY
COMMUNITY FACILITIES DISTRICTS 3 & 4 –

SEABRIDGE AT MANDALAY BAY
349
CFD No. 3 Special Tax
• In December 2004, City Council established CFD No. 3 and Ordinance No. 2676 to levy a special tax sufficient to pay principal, interest, and other periodic costs and administrative expenses with respect to the bonds.
• The remaining balance of the bonds is $19,795,000 with the final payment due on September 1, 2035.
• On November 6, 2018, voters within Seabridge at Mandalay Bay approved Measure H which limited the amount of CFD No. 3 special tax revenue used to pay overhead costs of City employees to $5,000 annually. The FY 2022-23 City overhead costs is equal to $5,000.

BACKGROUND
350
CFD No. 4 Special Tax
• In December 2004, City Council established CFD No. 4 to levy a special tax sufficient to pay certain costs of Services and Incidental Expenses relating to the maintenance of Seabridge at Mandalay Bay
• On November 6, 2018, voters within Seabridge at Mandalay Bay approved Measures F and I
• Measure F amended the maximum special tax rates plus the approved annual escalation factor of 2%
• Measure I reduced the CFD No. 4 special taxes for harbor patrol costs to $192,000 annually

BACKGROUND
351
CFD No. 3 Special Tax
• Maximum special tax rate in FY 2022-23 is $3,043,616.18 • Total amount of special taxes to be levied is to be
determined
CFD No. 4 Special Tax
• Maximum allowable tax for FY 2022-23 is $1,318,388.05 • FY22-23 levy is expected to be comparable to FY21-22
and staff have met multiple times with the community to discuss wanted improvements and services

DISCUSSION
352
• There will be no cost to the City’s General Fund from approval of the resolutions levying the special taxes for CFD No. 3 and CFD No. 4 for FY 2022-23.
• Debt service costs and all administrative costs are
included in the amount to be collected by the special taxes, which are levied against properties located in CFD No. 3 and CFD No. 4

FINANCIAL IMPACT
353

ADOPTION OF RESOLUTION FOR LEVY
COMMUNITY FACILITIES DISTRICT 5 –

RIVERPARK
354
In September 2005, City Council established CFD No. 5,
levying a special tax sufficient to pay costs of the Services, Improvements, and Incidental Expenses set forth by the
Resolution of Formation

BACKGROUND
355
• Maximum special tax rate in FY 2022-23 is $6,131,394.48 • FY22-23 levy is expected to be comparable to FY21-22
and staff have met multiple times with the community to discuss wanted improvements and services
• CFD No. 5 has an estimated fund balance of $3.1 million.

This fund balance is being retained to finance future capital projects including but not limited to: (i) the construction of a new control room for the Central Park Fountain and (ii) additional replacement of storm drain filtration devices • Any levy credits for FY22-23 are to be determined

DISCUSSION
356
• No cost to the City’s General Fund from approval of the resolution levying the special taxes for CFD No. 5 for FY 2022-23
• All maintenance, service, and administrative costs are included in the amount to be collected by the special taxes, which are levied on properties located in CFD No. 5

FINANCIAL IMPACT
357

ADOPTION OF RESOLUTION FOR LEVY
CFD 2000-3 OXNARD BLVD./HIGHWAY 101

INTERCHANGE
358
July 2001, City Council authorized bonded indebtedness
for CFD No. 2000-3 in the amount not to exceed
$15,000,000 to be paid by the levy of a special tax

BACKGROUND
20 359
• Amount of Special Tax to be levied is to be
determined
• Remaining balance of the bond is $4,340,000.00 with
the final payment due on September 1, 2032.

DISCUSSION
21 360
• There will be no cost to the City’s General Fund from the approval of the resolution levying the special taxes for CFD No. 2000-3
• Debt service costs and all administrative costs are incurred in the amount to be collected by the special taxes which are levied against the properties located in CFD No. 2000-3

FINANCIAL IMPACT
22 361
Recommended action items:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2022-23;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2022-23;

RECOMMENDATION
362
Recommended action items:

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2022-23;

6. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2022-23; and

7. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County
Secured Tax Roll.

RECOMMENDATION
363
QUESTIONS?
364