Agenda packet — Finance & Governance Committee, May 28, 2024

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Agenda Item Time Estimates include: (Minutes for Presentation + Council Discussion + Public Comment)

AGENDA

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
Council Chambers, 305 West Third Street
May 28, 2024
Regular Meeting - 5:00 to 6:30 PM

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1 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 28, 2024 - Page 2

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In the event of a disruption which prevents a legislative body of the City of Oxnard from broadcasting a meeting using a call-in option or internet- based service option, or in the event of a disruption within the City’s control which prevents members of the public from offering public comment using the call-in option or internet-based service option, the legislative body shall take no further action on items appearing on a meeting agenda until public access to the meeting via the call-in option or internet-based service option is restored. However, if any of the broadcast options are disrupted, but any of the other broadcast options is still available to the public, the legislative body may take further action on items appearing on a meeting agenda without waiting for the disrupted broadcast option(s) to be restored.

A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE
Consideration of Teleconference Participation pursuant to Assembly Bill 2449.

B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA

A person may address the legislative body only on matters not appearing on the agenda and within the subject matter jurisdiction of the legislative body. Speaker requests shall be submitted as set forth on the first page of this agenda. Speakers are limited to three minutes. After 30 minutes, if all speakers have not had the opportunity to speak, the remaining speakers will be given an opportunity to speak prior to adjournment of the meeting. The legislative body cannot enter into a detailed discussion or take action on any items presented during public comments at this time. Such items may only be referred to the City Manager/Executive Director/Secretary for administrative action or scheduled on a subsequent agenda for discussion. Persons wishing to speak on public hearing items should do so at the time of the hearing.

C. CONSENT AGENDA

1. City Clerk Department
SUBJECT: Approval of Minutes.

RECOMMENDATION: That the Finance & Governance Committee approve the minutes of the May 14, 2024 regular meeting as presented.

Contact: Rose Chaparro, (805) 385-7805
D. REPORTS

1. Public Works Department
SUBJECT: Fiscal Year (FY) 2024-25 Special Tax Levy for Community Facility Districts Numbers 1, 2, 3, 4, 5, 8, 9 and 2000-3. (15 minutes)

RECOMMENDATION: That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9 and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 28, 2024 - Page 3

2024-25;

6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2024-25;

7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2024-25;

8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2024-25; and

9. 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/-QoF4LvyQns
Contact: Michael Wolfe, (805) 385-8055

2. Public Works Department
SUBJECT: Fiscal Year (FY) 2024-25 Resolution to Levy Assessments in the Waterways Maintenance District. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year 2024-25, and

2. Adopt a resolution to levy the special assessment on property within the Waterways Maintenance District for Fiscal Year 2024-25.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/_o6bsvem4XY
Contact: Michael Wolfe, (805) 385-8055

3. Housing Department
SUBJECT: Investment Policy and Guidelines Housing Authority of the City of Oxnard. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard approve a resolution adopting an investment policy and portfolio guidelines for the Housing Authority of the City of Oxnard for FY 2024-2025.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/LkRo5Vhldoc
Contact: Emilio Ramirez, (805) 385-8094

4. Housing Department
SUBJECT: Housing Authority Low Rent Public Housing and Housing Choice Voucher Program Section 8 Budgets for Fiscal Year 2024-2025. (15 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard:

1. Adopt a resolution approving the recommended $8,042,472 operating budgets for the Low Rent 3 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 28, 2024 - Page 4

Public Housing Program for Fiscal Year 2024-2025, as presented for each project area, and approve and authorize the use of $693,999 of unrestricted cash to fund the projected deficit.

2. Adopt a resolution approving the recommended $34,177,979 operating budget for the Housing Choice Voucher Program Section 8 for Fiscal Year 2024-2025, and approve and authorize the use of $436,417 of unrestricted cash to fund the projected deficit.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/jArxu29YvSw
Contact: Emilio Ramirez, (805) 385-8094
E. ITEMS FOR FUTURE AGENDAS

F. ADJOURNMENT

4 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

CONSENT AGENDA
AGENDA ITEM NO. C.1

DATE: May 28, 2024

TO: Finance & Governance Committee

FROM: Rose Chaparro, City Clerk, (805) 385-7805, [email protected]

SUBJECT: Approval of Minutes.

RECOMMENDATION

That the Finance & Governance Committee approve the minutes of the May 14, 2024 regular meeting as presented.

BACKGROUND

Approval of Minutes.

STRATEGIC PRIORITIES

This agenda item is a routine operational item.

FINANCIAL IMPACT

There is no financial impact.

Prepared by: Rose Chaparro, City Clerk

ATTACHMENTS

1. MINUTES 05 14 2024 Finance & Governance

5 MINUTES

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
Regular Meeting
May 14, 2024

A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE
At 5:01 p.m., Chair John C. Zaragoza called to order the regular meeting of the Oxnard City Council Finance and Governance Committee in the City Hall Council Chambers at 305 W. Third Street, Oxnard, California. The City Clerk called the roll and announced the posting of the agenda. Chair John C. Zaragoza , Member Gabriela Basua, and Member Gabriel (Gabe) Teran were present in person.

Councilmember Basua joined the meeting at 5:11 p.m.

Consideration of Teleconference Participation pursuant to Assembly Bill 2449.

B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA (None received.)

C. CONSENT AGENDA

1. City Clerk Department
SUBJECT: Approval of Minutes.

RECOMMENDATION: That the Finance & Governance Committee approve the minutes of the April 23, 2024 regular meeting as presented.

It was moved by Member Teran, seconded by Chair Zaragoza , to appr ove the Information/Consent item as presented. VOTE: Teran and Zaragoza voted in favor; the motion passed 2-0. Member Basua was absent during this vote.

D. REPORTS

1. Public Works Department

SUBJECT: Fiscal Year (FY) 2024-25 Landscape Maintenance Districts Initiation of Proceedings to Levy Assessments, Approval of a Consolidated Engineers Report, and Declaration of Intention to Levy Assessments.

RECOMMENDATION: 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 of the City Council of the City of Oxnard, California, initiating proceedings to levy assessments against real property for fiscal year 2024-25 in connection with the city’s landscape maintenance districts”; 6 May 14, 2024 OXNARD CITY COUNCIL PAGE 2

FINANCE & GOVERNANCE COMMITTEE

2. Adopt “A Resolution of the City Council of the City of Oxnard, California, approving a consolidated engineer’s report regarding assessments against real property for fiscal year 2024-25 in connection with the city’s landscape maintenance districts”; and

3. Adopt “A Resolution of the City Council of the City of Oxnard, California, declaring its intention to levy assessments against real property for fiscal year 2024-25 in connection wi
th the city’s landscape maintenance districts” setting
the Public Hearing for June 18, 2024.

Michael Wolfe, Public Works Director introduced the item, provided a correction memo, and answered the Committees questions. No public comments were r eceived. Discussion ensued among the Committee and staff.

On May 14, 2024, Michael Wolfe, Public Works Director, presented a correction memo to the Committee regarding updates to Item D.1, A ttachment 2, for F iscal Year 2024-25 Landscape Maintenance Districts Initiation of Proceeding s to Levy Assessments, Approval of a Consolidated Engineers Report, and Declaration of Intention to Levy Assessments. The memo updated information in the staff report scheduled for the May 14, 2024 Finance and Governance Committee Meeting.

The tables in Exhibit B of Attachment 2 (Resolution Initiating Procedures) were incorrect. An updated Exhibit B was included with the memo and reflected the correct tables. The tables are correct in the FY 2024- 25 Engineer’s Report as Table 6. 3, which was also part of the agenda item.

It was moved by Member Teran, seconded by Chair Zaragoza, to approve the r ecommended action as amended. VOTE: Teran and Zaragoza voted in favor; the motion carried 2-0. Basua was absent during this vote.

2. Public Works Department
SUBJECT: Fiscal Year (FY) 2024-25 Resolution to Levy Assessments in Mandalay Beach Maintenance District.

RECOMMENDATION: That the Finance & Governance Committee recommend that the City Council, acting as the legislative body for the Mandalay Beach Maintenance District:

1. Hold a Public Hearing for June 4, 2024 a public hearing to receive public testimony regarding the proposed Fiscal Year 2024-25 assessments for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2024-25 within the Mandalay Beach Maintenance District for Fiscal Year 2024-25.

7 May 14, 2024 OXNARD CITY COUNCIL PAGE 3

FINANCE & GOVERNANCE COMMITTEE

Michael Wolfe, Public Works Director answered the Committees questions. No public comments were received. Discussion ensued among the Committee and staff.

It was move d by Member Teran, seconded by Chair Zaragoza, to approve the r ecommended action as presented. VOTE: Teran and Zaragoza voted in favor; the motion carried 2- 0.

Councilmember Basua was absent during this vote.

3. Finance Department
SUBJECT: Increase Appropriations in the FY2023-24 General Fund Operating Budget to Transfer Funds to the State Gas Tax Fund to Restore State Gas Tax Fund Balance.

RECOMMENDATION: That the Finance and Governance Committee recommend that City Council approve the transfer of funds from the FY 2023-24 General Fund (101) Operating Budget to the State Gas Tax Fund (181) in the amount of $3,300,000, to restore a fund balance deficit of the State Gas Tax for prior year activity, as well as projected budgetary deficits in FY 2023-24 and FY 2024-25.

Javier Chagoyen Lazaro, Chief Financial Officer presented and answered the Committees questions. No public comments were received. Discussion ensued among the Com mittee and staff.

It was moved by Member Teran, seconded by Member Basua, to approve the r ecommended action as presented. VOTE: Basua, Teran, and Zaragoza voted in favor; the motion carried 3-

0. 4. Finance Department
SUBJECT: FY 2024-25 Proposed Budget.

RECOMMENDATION: That the Finance and Governance Committee recommend that City Council and Housing Authority Board conduct a public hearing on the Fiscal Year (FY) 2024-25 proposed budget on June 4, 2024, for the City of Oxnard and Oxnar
d Housing Authority and provide staff direction regarding any adjustments to the proposed budget, in preparation for final budget adoption on June 18, 2024.

Ashley Golden, Assistant City Manager presented and answered the Co mmittees questions.

Public comments were received from Maria Navarro . Discussion ensued among the Committee and staff.

It was moved by Member Teran, seconded by Member Basua, to approve the r ecommended action as presented. VOTE: Basua, Teran, and Zaragoza voted in favor; the mot ion carried 3-

0. 5. Finance Department
SUBJECT: Annual Delegation of Investment Authority.

RECOMMENDATION: That the Finance and Governance Committee recommend the City Council Adopt a Resolution Delegating Investment Authority to the City 8 May 14, 2024 OXNARD CITY COUNCIL PAGE 4

FINANCE & GOVERNANCE COMMITTEE

Treasurer for FY 2024-25.

Javier Chagoyen Lazaro, Chief Financial Officer presented and answered the Committees questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Chair Zaragoza, seconded by Member Teran, to approve the r ecommended action as presented. VOTE: Basua, Teran, and Zaragoza voted in favor; the motion carried 3-

0. 6. Finance Department
SUBJECT: Public Safety Property Tax Assessment FY 2024-25.

RECOMMENDATION: That the Finance and Governance Committee review and recommend to City Council the adoption of a resolution establishing the FY 2024-25 tax rates on property in the City of Oxnard for the payment of voter-approved obligations related to public safety personnel pension expenses.

Javier Chagoyen Lazaro, Chief Financial Officer presented and answered the Committees questions. No public comments were received. D iscussion ensued among the Committee and staff.

It was moved by Chair Zaragoza, seconded by Member Teran, to approve the r ecommended action as presented. VOTE: Basua, Teran, and Zaragoza voted in favor; the motion carried 3-

0. E. ITEMS FOR FUTURE AGENDAS (No requests were made.)

F. ADJOURNMENT
There being no further business on the agenda, and without objection, Chair Zaragoza adjourned the meeting at 5:47 p.m.

ROSE CHAPARRO JOHN C. ZARAGOZA
City Clerk Chair

9 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.1

DATE: May 28, 2024

TO: Finance & Governance Committee

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

SUBJECT: Fiscal Year (FY) 2024-25 Special Tax Levy for Community Facility Districts Numbers 1, 2, 3, 4, 5, 8, 9 and 2000-3. (15 minutes)

RECOMMENDATION

That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9 and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2024-25;

6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2024-25;

7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2024-25;

8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2024-25; and

Please click the following link to view the required Measure M pre-recorded presentation video:
https://youtu.be/-QoF4LvyQns

BACKGROUND

Special Districts is a Division of the Public Works Department and manages a total of 48 special financing districts which includes eight Community Facilities Districts (CFDs), commonly known as Mello-Roos Districts. Through the development process, special financing districts (e.g. CFDs) were authorized to be used by the qualified electors (i.e. property owners/developers) to finance the installation of public improvements and/or to provide funding for certain ongoing public services. A CFD can issue bonds to finance the 10 construction of public improvements with a useful life of at least five years (e.g. public infrastructure, park, recreation, and open space facilities, school facilities, libraries, and child care facilities). CFDs can also fund ongoing services such as police and fire protection, parks, parkways, open space maintenance, and flood and storm protection. Typically, the developer constructed the public improvements at the time the project was developed and the property owners pay for the cost of the construction, cost of certain public services, and/or cost of maintaining the improvements through a special tax included on the annual property tax bill. Revenue from the special tax is used to make the annual debt service on the bonds, if applicable, and/or to fund the specified public services and maintenance of public improvements. The City’s current CFDs are identified below:

District Purpose Resolution of Formation & Rate and
Method of Apportionment (RMA)
Ordinance
Levying Special
Tax
CFD No. 1
Westport at Mandalay Bay
Issue bonds to finance
public improvements
No. 11,823
No. 12,081
No. 2541
No. 2591
CFD No. 2
Westport at Mandalay Bay Maintenance services No. 11,825 No. 12,082
No. 2542
No. 2592
CFD No. 3
Seabridge at Mandalay Bay
Issue bonds to finance
public improvements No. 12,737 No. 2676
CFD No. 4
Seabridge at Mandalay Bay
Public and
maintenance services
No. 12,739
No. 15,104 No. 2677
CFD No. 5
Riverpark
Public and
maintenance services No. 12,936 No. 2701
CFD No. 8
Sakioka Farms Business Park
Fire protection and
maintenance services No. 15,349 No. 2982
CFD No. 9
North Shore at Mandalay Bay
Public and
maintenance services No. 15,492 No. 3004
CFD No. 2000-3 Oxnard
Boulevard/Highway 101
Interchange
Issue bonds to finance
public improvements No. 12,019 No. 2570

DISCUSSION

The Mello-Roos Community Facilities Act of 1982 (the “Act”) allows the formation of CFDs to finance the construction of public infrastructure improvements by the issuance of bonds and/or to fund certain public services and operation and maintenance of public improvements. The qualified electors within the boundaries of the CFDs approved the Rate and Method of Apportionment (RMA) at the time of the CFD’s formation and authorized the levy of a special tax on their properties as security for repayment of bonds or to fund the services of the district. The RMA establishes the special tax formula (e.g. rate of annual adjustment, if any, etc.) and how the special tax is apportioned to properties included in each CFD.

The special tax cannot be levied on the property tax roll, nor can adjustments be made to the maximum and applied rates, as previously authorized by the qualified electors, unless the City Council authorizes such 11 actions. Adoption of the resolutions sets the maximum and applied special tax rates, approves the calculation of the rates, and approves setting the rates that are placed on the annual tax roll for each CFD as prepared by the City’s consultant, NBS.

The maximum special tax rate is the maximum amount that can be used to calculate the special tax levied on the property tax roll. The maximum rate is proposed to increase by the annual inflationary adjustment, if the qualified electors have previously authorized an annual inflationary adjustment to the maximum rate.

Otherwise, it remains unchanged.

The applied special tax rate is the amount that is used to calculate the special tax actually levied on the property tax roll. It is the amount necessary to fund the services of each CFD, including administration and reserves for the upcoming fiscal year. The applied special tax rate cannot exceed the maximum special tax rate.

The applied rates listed within the table below are the anticipated rates to be applied within each District.

Unless changed prior to their presentation to the full Council, these amounts will be reflected in the final tax roll prepared by NBS and incorporated by reference within the attached resolutions. The final tax rolls will also be attached to the staff report presented to the full Council and will be on file with the City Clerk’s office prior to that meeting.

Billing of Direct Assessments

The County of Ventura requires annual approval of an Agreement for Billing of Direct Assessments (attached) for services related to the inclusion of the special taxes/assessments on the Ventura County property tax bills. In the absence of this arrangement, the City will have to directly bill property owners for special taxes/assessments. This agreement is applicable to all assessment districts, Community Facilities Districts and other special assessments administered by the City.

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

Property owners pay the special tax as part of their annual property tax bill. The special tax, including annual adjustments where applicable, has been approved by the qualified electors through prior proceedings. Funds received for the benefit of each CFD are restricted and can only be used to fund the services and obligations of each district. There is no General Fund contribution related to these districts nor is the General Fund liable for the bonds. The table below provides a summary of the proposed maximum and applied special tax rates for FY 2024/25.

FY 2024-2025
District
Maximum Rate Applied Rate i, ii
Qualified Elector
Approved Annual
Adjustment
Projected Principal
Balance
Bond Maturity Date
CFD No. 1
Westport at Mandalay Bay
$994,802.60 $644,278 2% $5,730,000.00 9/1/2033
CFD No. 2
Westport at Mandalay Bay
$873,508.56 $588,100 2% N/A N/A
CFD No. 3
Seabridge at Mandalay Bay
$3,024,386.07 $1,874,611 2% $18,820,000.00 9/1/2035
12 CFD No. 4
Seabridge at Mandalay Bay
$1,399,075.45 $1,147,071 2% N/A N/A
CFD No. 5
Riverpark iii
$6,768,006.09
iv
$4,294,634
2% to 5%
v

N/A N/A
CFD No. 8
Sakioka Farms Business Park
$803,729.05
vi
$803,729.05
Varies
vii

N/A N/A
CFD No. 9
North Shore at Mandalay Bay
$2,753,167.47
viii
$32,826
ix
2% to 5%
x

N/A N/A
CFD No. 2000-3 Oxnard Boulevard/
Highway 101 Interchange
$921,278.25 $544,800 N/A $3,985,000.00 9/1/2032

Table Notes:
i. Applied rate less than maximum due to a) availability of surplus funds to offset the special tax rate and/or b) expenses projected to be less than revenues that would be available if the maximum rate was applied.
ii. Subject to change depending on Ventura County’s final assessment roll iii. Special tax applied first to developed parcels and then to undeveloped parcels, if necessary to meet the special tax requirement.
iv. Maximum Special Tax for undeveloped parcels only.
v. CFD 5 Maximum Special Tax is adjusted within a range of 2% to 5% annually based on the December Consumer Price Index, All Urban Consumers Los Angeles, rate. Which was 3.47%. vi. This is the combined total of the CFD 8 Maximum Special Tax and Contingent Special Tax rates. vii. CFD 8 Maximum Special Tax and Contingent Special Tax are adjusted annually in an amount equal to the February Consumer Price Index, All Urban Consumers Los Angeles, rate. Which was 3.36%. viii. This is the combined total of the CFD 9 Maximum Services Special Tax, Environmental Services Special Tax, and Facilities Special Tax rates.
ix. Only the Services Special Tax is being levied for FY 24/25 x. CFD 9 Maximum Services Special Tax, Environmental Services Special Tax, and Facilities Special Tax are adjusted within a range of 2% to 5% annually based on the April Consumer Price Index, All Urban Consumers Los Angeles, rate. Which was 3.90%.

Prepared by: Steve Howlett, Assistant Public Works Director, Anthony Miller, Interim Special Districts Manager

ATTACHMENTS

1. Resolution Authorizing Levy of Special Tax CFD 1 2024

2. Resolution Authorizing Levy of Special Tax CFD 2 2024

3. Resolution Authorizing Levy of Special Tax CFD 3 2024

4. Resolution Authorizing Levy of Special Tax CFD 4 2024

5. Resolution Authorizing Levy of Special Tax CFD 5 2024

6. Resolution Authorizing Levy of Special Tax CFD 8 FY 24-25

7. Resolution Authorizing Levy of Special Tax CFD 9 2024

8. Resolution Authorizing Levy of Special Tax 2000-3 2024

9. Agreement for Billing of Direct Assessments

10. City of Oxnard Special Districts Map

11. City of Oxnard Special Districts List

12. Presentation

13 CITY COUNCIL OF THE CITY OF OXNARD
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 2024-25
WHEREAS, by its Resolution No. 11,823, as amended by its Resolution No. 12,081 (collectively the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 1 (Westport at Mandalay Bay) of the City of Oxnard (“CFD No. 1”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and WHEREAS, by its Ordinance No. 2541, as amended by Ordinance 2591 (collectively, the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 1 to fund services and expenses authorized in the Resolution of Formation; and WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 1 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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.
14 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-1 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 1 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

SECTION 6. The Chief Financial Officer or designee, is hereby authorized and directed to transmit a certified copy of this Resolution and of 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 2024-25, 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 JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
15 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-1 FY 24-25

Page 3 ends

__________________________________
John Zaragoza, Mayor
ATTEST:
________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
16 CITY COUNCIL OF THE CITY OF OXNARD
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 2024-25
WHEREAS, by its Resolution No. 11,825, as amended by its Resolution No. 12,082 (collectively the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 1 (Westport at Mandalay Bay) of the City of Oxnard (“CFD No. 1”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and WHEREAS, by its Ordinance No. 2542, as amended by Ordinance 2592 (collectively, the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 2 to fund services and expenses authorized in the Resolution of Formation; and WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 2 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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.
17 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-2 FY 24-25

Page 2 ends

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 CFD No. 2 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
18 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-2 FY 24-25

Page 3 ends

__________________________________
John Zaragoza, Mayor
ATTEST:

________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
19 CITY COUNCIL OF THE CITY OF OXNARD
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 2024-25
WHEREAS, by its Resolution No. 12,737 (the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 3 (Seabridge at Mandalay Bay) of the City of Oxnard (“CFD No. 3”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and
WHEREAS, by its Ordinance No. 2676 (the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 3 to fund services and expenses authorized in the Resolution of Formation; and
WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 1 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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.
20 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-3 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 3 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

SECTION 5. The levy 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 or designee, is hereby authorized and directed to transmit a certified copy of this Resolution and of 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 2024-25, 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 JUNE, 2024 by the following vote:
21 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-3 FY 24-25

Page 3 ends

AYES:

NOES:

ABSENT:

ABSTAIN:
__________________________________
John Zaragoza, Mayor
ATTEST:

________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
22 CITY COUNCIL OF THE CITY OF OXNARD
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 2024-25
WHEREAS, by its Resolution No. 12,739 (the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 4 (Seabridge at Mandalay Bay) of the City of Oxnard (“CFD No. 4”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and
WHEREAS, by its Ordinance No. 2677 (the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 4 to fund services and expenses authorized in the Resolution of Formation; and
WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 4 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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. 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.
23 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-4 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 4 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
24 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-4 FY 24-25

Page 3 ends

__________________________________
John Zaragoza, Mayor
ATTEST:

________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
25 CITY COUNCIL OF THE CITY OF OXNARD
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 2024- 25 WHEREAS, by its Resolution No. 12,936 (the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 5 (Riverpark) of the City of Oxnard (“CFD No. 5”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and WHEREAS, by its Ordinance No. 2701 (the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 5 to fund services and expenses authorized in the Resolution of Formation; and
WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 5 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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.
26 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-5 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 5 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
27 Resolution No.

Resolution Authorizing Levy of Special Tax CFD-5 FY 24-25

Page 3 ends

__________________________________
John Zaragoza, Mayor
ATTEST:

________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
28 CITYCOUNCILOFTHECITYOFOXNARD
RESOLUTIONNO.

RESOLUTIONOFTHECITYCOUNCILOFTHECITYOFOXNARDACTINGASTHELEGISLATIVEBODYOF COMMUNITYFACILITIESDISTRICTNO. 8(SAKIOKAFARMS)OFTHECITYOFOXNARDAUTHORIZINGTHELEVYOFSPECIALTAXESWITHINCOMMUNITYFACILITIESDISTRICTNO. 8(SAKIOKAFARMSBUSINESSPARK)FORTHEFISCALYEAR2024-25 WHEREAS,by its ResolutionNo.15,349(the“ResolutionofFormation”),theCityCouncilof theCityofOxnard(the“City”)establishedCommunityFacilitiesDistrictNo.5(SakiokaFarmsBusinessPark)oftheCityofOxnard(“CFDNo.8”)pursuanttotheMello-RoosCommunityFacilitiesActof1982(Section53311 et seq.oftheCaliforniaGovernmentCode)(the“Act”);and WHEREAS,byitsOrdinanceNo.2982(the“Ordinance”)theCityCouncilauthorizedthelevyofspecialtaxes(the“SpecialTaxes”)withinCFDNo.8tofundservicesandexpensesauthorizedintheResolutionofFormation;and WHEREAS,theCityCouncildesiresto causethelevyandcollectionoftheSpecialTaxesforFiscalYear2024-25forthepurposesspecifiedintheResolutionofFormationandtheOrdinance,bytheadoptionofthisresolution;and WHEREAS,a reporthasbeenpreparedbyNBSFinancialGroup(“NBS”)listingeachparcelinCFDNo.8forwhichalevyoftheSpecialTaxisproposedforFiscalYear2024-25andtheamountoftheproposedSpecialTaxforFiscalYear2024-25(the“Report”);and WHEREAS,theproposedlevyisinconformancewiththerequirementsofProposition218(ArticlesXIIICandXIIIDoftheCaliforniaConstitution);and WHEREAS,theproposedlevydoesnotexceedthetaxrateauthorizedbytheOrdinance.

NOW, THEREFORE,THECITYCOUNCILOFTHECITYOFOXNARD,ACTINGINITSCAPACITYASTHELEGISLATIVEBODYOFCOMMUNITYFACILITIESDISTRICTNO. 8(SAKIOKAFARMSBUSINESSPARK),DOESHEREBYRESOLVE,DETERMINEANDORDERASFOLLOWS:

SECTION1. Theaboverecitalsaretrueandcorrect.

SECTION2. Thespecialtaxis imposedwithoutregardtopropertyvaluationandisleviedincompliancewiththeActandtheOrdinance. 29 ResolutionNo.ResolutionAuthorizingLevyofSpecialTaxCFD-8FY2024-25Page2 SECTION3. InaccordancewiththeActandtheOrdinance,thereisherebyleviedupontheparcelswithintheCFDNo.8 theSpecialTaxesforFiscalYear2024-25atthespecialtaxratesaspreparedbyNBSinitsReport,whichisapprovedandonfileintheOfficeoftheCityClerk,availableforpublicinspection,andincorporatedhereinbyreference.NoSpecialTaxislevieduponanyparcelthatisexemptfromtaxationunderapplicablelaw. AfteradoptionofthisResolution,theChiefFinancialOfficerof theCity, or designee,maymakeanynecessarymodificationsofthelevyto correctanyerrors,omissionsorinconsistenciesinthelistingorcategorizationofparcelstobetaxedorintheamounttobechargedtoanycategoryofparcels;provided,however, thatanysuchmodificationsshallnotresultinanincreaseintheSpecialTaxapplicabletoanycategoryofparcelsandismadepriortothesubmissionofthetaxrollstotheVenturaCountyAuditor.

SECTION4. ProceedsofthelevyshallbeusedonlyasprovidedforintheActandtheResolutionofFormation.

SECTION6. TheChiefFinancialOfficerordesignee,isherebyauthorizedanddirectedtotransmitacertifiedcopyofthisResolutionandoftheReporttotheVenturaCountyAuditor,togetherwithothersupportingdocumentationasmayberequiredtoplacesaidspecialtaxesonthesecuredpropertytaxrollfortheFiscalYear2024-25,andtoperformallotheractswhicharerequiredby theAct,theOrdinance,or by lawin orderto accomplishthepurposeofthisResolution.

PASSED,APPROVEDANDADOPTEDonthis____dayofJUNE,2024bythefollowingvote:

AYES:

NOES:

ABSENT:

ABSTAIN:
30 ResolutionNo.ResolutionAuthorizingLevyofSpecialTaxCFD-8FY2024-25Page3 __________________________________JohnZaragoza,Mayor
ATTEST:
________________________________RoseChaparro,CityClerk
APPROVEDASTOFORM:
________________________________StephenM.Fischer,CityAttorney 31 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 9 (NORTHSHORE AT

MANDALAY BAY) OF THE CITY OF OXNARD AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN COMMUNITY FACILITIES DISTRICT NO. 9 (NORTHSHORE AT MANDALAY BAY) FOR THE FISCAL YEAR 2024-25
WHEREAS, by its Resolution No. 15,492 (the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 9 (Northshore at Mandalay Bay) of the City of Oxnard (“CFD No. 9”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and
WHEREAS, by its Ordinance No. 3004 (the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 9 to fund services and expenses authorized in the Resolution of Formation; and
WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 9 for which a levy of the Special Tax is proposed for Fiscal Year 2024-25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized 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. 9 (NORTHSHORE AT MANDALAY BAY), 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.
32 Resolution No.

Resolution Authorizing Levy of Special Tax CFD 9 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 9 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
33 Resolution No.

Resolution Authorizing Levy of Special Tax CFD 9 FY 24-25

Page 3 ends

__________________________________
John Zaragoza, Mayor
ATTEST:

________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
34 CITY COUNCIL OF THE CITY OF OXNARD
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 2024-25
WHEREAS, by its Resolution No. 12,019 (the “Resolution of Formation”), the City Council of the City of Oxnard (the “City”) established Community Facilities District No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) of the City of Oxnard (“CFD No. 2000-3”) pursuant to the Mello-Roos Community Facilities Act of 1982 (Section 53311 et seq. of the California Government Code) (the “Act”); and
WHEREAS, by its Ordinance No. 2570 (the “Ordinance”) the City Council authorized the levy of special taxes (the “Special Taxes”) within CFD No. 2000-3 to fund services and expenses authorized in the Resolution of Formation; and
WHEREAS, the City Council desires to cause the levy and collection of the Special Taxes for Fiscal Year 2024-25 for the purposes specified in the Resolution of Formation and the Ordinance, by the adoption of this resolution; and
WHEREAS, a report has been prepared by NBS Financial Group (“NBS”) listing each parcel in CFD No. 2000-3 for which a levy of the Special Tax is proposed for Fiscal Year 2024- 25 and the amount of the proposed Special Tax for Fiscal Year 2024-25 (the “Report”); and WHEREAS, the proposed levy is in conformance with the requirements of Proposition 218 (Articles XIII C and XIII D of the California Constitution); and WHEREAS, the proposed levy does not exceed the tax rate authorized by the Ordinance.

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 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.
35 Resolution No.

Resolution Authorizing Levy of Special Tax 2000-3 FY 24-25

Page 2 ends

SECTION 3. In accordance with the Act and the Ordinance, there is hereby levied upon the parcels within the CFD No. 2000-3 the Special Taxes for Fiscal Year 2024-25 at the special tax rates as prepared by NBS in its Report, which is approved and on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference. No Special Tax is levied upon any parcel that is exempt from taxation under applicable law. After adoption of this Resolution, the Chief Financial Officer of the City, or designee, may make any necessary modifications of the levy 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. Proceeds of the levy shall be used only as provided for in the Act and the Resolution of Formation.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
36 Resolution No.

Resolution Authorizing Levy of Special Tax 2000-3 FY 24-25

Page 3 ends

________________________________
John Zaragoza, Mayor
ATTEST:
________________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
________________________________
Stephen M. Fischer, City Attorney
37 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

Page 1 ends

38 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

Page 2 ends

39 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

Page 3 ends

40 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 SPECIAL DISTRICTS
3,000 0 3,000 6,000
Feet
Created by:

Geographic Information Systems Division
March 2023
Data Source:

City of Oxnard GIS Division
County of Ventura GIS Program
41 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
42 Fiscal Year 2024-25 Special Tax Levy for
Community Facilities Districts No. 1, 2, 3, 4, 5, 8,
9, and 2000-3
Finance and Governance Committee
May 28, 2024
City Council
June 18, 2024
Anthony Miller
Interim Special Districts Manager
43 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, 8, 9, and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

RECOMMENDATION
44 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, 8, 9, and 2000-3:

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2024-25;

6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2024-25;

7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2024-25;

8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2024-25; and

RECOMMENDATION
45 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, 8, 9, and 2000-3:

RECOMMENDATION
46 That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2024-25;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2024-25;

RECOMMENDATION
47 That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2024-25;

6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2024-25;

7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2024-25;

8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2024-25; and

RECOMMENDATION
48 That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:

RECOMMENDATION
49 8

MAP OF SPECIAL DISTRICTS
Additional information can be found at: oxnard.gov/public-works/special-districts 50 • Special Districts is a Division of the Public Works Department and manages a total of 48 special financing districts which includes eight Community Facilities Districts (CFDs), commonly known as Mello-Roos Districts.
• Through the development process, special financing districts (e.g.

CFDs) were authorized to be used by the qualified electors (i.e. property owners/developers) to finance the installation of public improvements and/or to provide funding for certain ongoing public services.
• A CFD can issue bonds to finance the construction of public improvements with a useful life of at least five years (e.g. public infrastructure, park, recreation, and open space facilities, school facilities, libraries, and child care facilities).

BACKGROUND
51 • CFDs can also fund ongoing services such as police and fire protection, parks, parkways, open space maintenance, and flood and storm protection.
• Typically, the developer constructed the public improvements at the time the project was developed and the property owners pay for the cost of the construction, cost of certain public services, and/or cost of maintaining the improvements through a special tax included on the annual property tax bill.
• Revenue from the special tax is used to make the annual debt service on the bonds, if applicable, and/or to fund the specified public services and maintenance of public improvements.

BACKGROUND
52 BACKGROUND
District Purpose
Resolution of Formation
& Rate and Method of
Apportionment (RMA)
Ordinance Levying
Special Tax
CFD No. 1
Westport at Mandalay Bay
Issue bonds to finance public
improvements
No. 11,823
No. 12,081
No. 2541
No. 2591
CFD No. 2
Westport at Mandalay Bay Maintenance services No. 11,825 No. 12,082
No. 2542
No. 2592
CFD No. 3
Seabridge at Mandalay Bay
Issue bonds to finance public
improvements No. 12,737 No. 2676
CFD No. 4
Seabridge at Mandalay Bay
Public and maintenance
services
No. 12,739
No. 15,104 No. 2677
CFD No. 5
Riverpark
Public and maintenance
services No. 12,936 No. 2701
CFD No. 8
Sakioka Farms Business
Park
Fire protection and
maintenance services No. 15,349 No. 2982
CFD No. 9
North Shore at Mandalay Bay
Public and maintenance
services No. 15,492 No. 3004
CFD No. 2000-3 Oxnard
Boulevard/Highway 101
Interchange
Issue bonds to finance public
improvements No. 12,019 No. 2570
53 • The Mello-Roos Community Facilities Act of 1982 allows the formation of CFDs to finance the construction of public infrastructure improvements by the issuance of bonds
and/or to fund certain public services and operation and maintenance of public improvements.
• The qualified electors within the boundaries of the CFDs approved the Rate and Method of Apportionment (RMA) at
the time of the CFD’s formation and authorized the levy of a special tax on their properties as security for repayment of bonds or to fund the services of the district.

DISCUSSION
54 • The RMA establishes the special tax formula (e.g. rate of annual adjustment, if any, etc.) and how the special tax is apportioned to properties included in each CFD.
• The special tax cannot be levied on the property tax roll, nor can adjustments be made to the maximum and applied
rates, as previously authorized by the qualified electors, unless the City Council authorizes such actions.
• Adoption of the resolutions sets the maximum and applied special tax rates, approves the calculation of the rates, and approves setting the rates that are placed on the annual tax roll for each CFD as prepared by the City’s consultant, NBS.

DISCUSSION
55 • The applied special tax rate is the amount that is used to calculate the special tax actually levied on the property tax roll. It is the amount necessary to fund the services of each CFD, including administration and reserves for the
upcoming fiscal year.
• The applied special tax rate cannot exceed the maximum special tax rate.
• The applied rates within the next table are anticipated rates to be applied within each District. Unless changed prior to their presentation to the full Council, they will be reflected in the final tax roll prepared by NBS and incorporated by reference in the attached resolutions.

DISCUSSION
56 Billing of Direct Assessments
• The County of Ventura requires annual approval of an
Agreement for Billing of Direct Assessments for services related to the inclusion of the special taxes/assessments on the Ventura County property tax bills. In the absence of this arrangement, the City will have to directly bill property owners for special taxes/assessments.
• This agreement is applicable to all assessment districts, Community Facilities Districts and other special
assessments administered by the City.

DISCUSSION
57 • Property owners pay the special tax as part of their annual property tax bill. The special tax, including annual
adjustments where applicable, has been approved by the
qualified electors through prior proceedings.
• Funds received for the benefit of each CFD are restricted and can only be used to fund the services and obligations of each district.
• There is no General Fund contribution related to these districts nor is the General Fund liable for the bonds.

FINANCIAL IMPACT
58 • The following table provides a summary of the proposed maximum and applied special tax rates for FY 2024/25.

FINANCIAL IMPACT
District
FY 2024-2025 Qualified Elector
Approved Annual
Adjustment
Projected Principal
Balance Bond Maturity Date
Maximum Rate Applied Rate
CFD No. 1
Westport at Mandalay Bay $994,802.60 $644,278 2% $5,730,000.00 9/1/2033 CFD No. 2
Westport at Mandalay Bay $873,508.56 $588,100 2% N/A N/A CFD No. 3
Seabridge at Mandalay Bay $3,024,386.07 $1,874,611 2% $18,820,000.00 9/1/2035 CFD No. 4
Seabridge at Mandalay Bay $1,399,075.45 $1,147,071 2% N/A N/A CFD No. 5
Riverpark $6,768,006.09 $4,294,634 2% to 5% N/A N/A
CFD No. 8
Sakioka Farms Business
Park
$803,729.05 $803,729.05 Varies N/A N/A
CFD No. 9
North Shore at Mandalay
Bay
$2,753,167.47 $32,826 2% to 5% N/A N/A
CFD No. 2000-3 Oxnard
Boulevard/
Highway 101 Interchange
$921,278.25 $544,800 N/A $3,985,000.00 9/1/2032
59 QUESTIONS?
60 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.2

DATE: May 28, 2024

TO: Finance & Governance Committee

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

SUBJECT: Fiscal Year (FY) 2024-25 Resolution to Levy Assessments in the Waterways Maintenance District. (10 minutes)

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year 2024-25, and

2. Adopt a resolution to levy the special assessment on property within the Waterways Maintenance District for Fiscal Year 2024-25.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/_o6bsvem4XY

BACKGROUND

Special Districts is a Division of the Public Works Department and manages a total of 48 special financing districts, which includes one Waterways Maintenance District (the “District”). On June 16, 1970, the City formed the District pursuant to the Improvement Act of 1911 (Streets and Highways Code Section 5820 et seq.). The District was formed at the request of the owner (developer) of the property included within the District to finance the capital costs and maintenance and operation expenses for the sidewalks, streets, water, flood control, drainage systems, vector control, landscaping, and parking areas and fences.

DISCUSSION

Each year, prior to levying the assessment on the property tax rolls, the City Council is required to review the estimated costs of maintaining and operating the improvements within the District, to decide whether the costs of such maintenance and operations shall be borne wholly or partially by the District. Only after conducting a Public Hearing to receive public input, can the Council consider making a decision to levy the assessments in an amount sufficient to raise the money to pay for such costs within the District.

The proposed assessment rates for FY 2024-25 are identified below:

61 FY 2024-25
Waterways Maintenance
District Maximum
Rate
Applied
Rate
Qualified Elector Approved Annual
Adjustment
Projected Assessment
Revenue 2
Zone 1 (Mandalay Bay) $444,258.00 $444,258.00 N/A $444,258.00 Zone 2 (Harbour Island) $47,949.00 $47,949.00 N/A $47,949.00 1 Applied rate less than maximum rate due to a) availability of surplus funds to offset special tax rate and/or b) expenses projected to be less than revenue that would be available if maximum rate assessed. 2 Subject to change depending on Ventura County's final assessment roll

The resolution attached to this staff report is in draft form and will be completed upon the final preparation of the fiscal year 2024-25 assessment roll. As this district was levied a maximum assessment in fiscal year 2023- 24 and does not have an approved annual adjustment, the fiscal year 2023-24 assessment roll has been attached to this report for reference, as rates are not expected to change for fiscal 2024-25.

The deadline to deliver the assessment information to Ventura County for inclusion on the FY 2024-25 property tax roll is July 8, 2024.

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

Property owners pay the assessments as a part of their annual property tax bill. The assessment, including inflationary adjustments where applicable, has been approved by the property owners through prior proceedings. Funds received for the benefit of the District are restricted and can only be used to fund the services of the District. There is no impact to the General Fund. The District’s projected maintenance costs for FY 2024-25 are outlined below:

Expenses
Direct Maintenance 1 $ 329,590.00
Overhead, City Staff & Consulting Services 2 $ 160,917.00 County Fee 3 $ 1,700.00
Total $ 492,207.00
Assessment Revenue 4
Zone 1 (Mandalay Bay) $ 444,258.00
Zone 2 (Harbour Island) $ 47,949.00
Total $ 492,207.00

1 includes landscaping, utility costs, and waterways services 2 includes staff costs, indirect City expenses, and consulting services 3 calculated based on number of parcels
4 allocated based on parcel count; allocated based on % split of costs at time of District formation 62 Prepared by: Steve Howlett, Assistant Public Works Director, Anthony Miller, Interim Special Districts Manager

ATTACHMENTS

1. Resolution Approving Levy Waterways 2024

2. SAMPLE Oxnard Waterways Assessment Roll 23-24

3. City of Oxnard Special Districts Map

4. City of Oxnard Special Districts List

5. Presentation

63 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD LEVYING A

SPECIAL ASSESSMENT TAX ON PROPERTY IN THE WATERWAYS MAINTENANCE DISTRICT FOR FISCAL YEAR 2024-25
WHEREAS, by Resolution No. 5144, adopted June 16, 1970, the City Council formed the Waterways Maintenance District (“District”) pursuant to the maintenance district provisions of the Improvement Act of 1911 (Streets and Highways Code Section 5820 et seq.); and WHEREAS, the District was formed with the consent of the developer owning all of the parcels subject to the assessment at the time assessments were initially imposed; and WHEREAS, the City Council is required by Streets and Highways Code Section 5830 to estimate the costs of maintaining and operating the improvements within the District, to decide whether the costs of such maintenance and operations shall be borne wholly or partially by the District, and to fix assessments within the District sufficient to raise the money to pay for such costs; and WHEREAS, assessments were levied in the District in Fiscal Year 2023-24, and such assessments are not proposed to increase in Fiscal Year 2024-25; and, WHEREAS, the assessments are imposed exclusively to finance the capital costs and maintenance and operation expenses for the sidewalks, streets, water, flood control, drainage systems, and vector control, inasmuch as the waterway serves much as a street, manages water and is part of the flood control and drainage systems in the District; the landscaping located in or adjacent to sidewalks, streets and other public rights of way and maintenance of the landscaping involves irrigation and vector control; and the other improvements maintained with assessments, such as parking areas and fences, that are located in or adjacent to sidewalks, streets, and the waterways; and
WHEREAS, for the foregoing reasons, the assessments are exempt from Article XIIID of the California Constitution, by reason of Section 5 thereof.

NOW, THEREFORE, the City Council of the City of Oxnard resolves:

1. The budget for Fiscal Year 2024-25 for the Waterways Maintenance District is hereby approved as follows:

Landscape and Waterways Maintenance $329,590
Overhead, City Staff and Consulting Services $160,917
64 Resolution No.

Special Tax for Waterway Maintenance District

Page 2 ends

County Collection Fee $1,700
$492,207
Total Assessment Requirements $492,207
Less Max Assessment Levy (492,207)
Net $0
Required Surplus Fund Balance Transfer $0
County Assessment Roll $492,207

2. The cost of $492,207 for maintaining and operating channels, parking, landscaping, and overhead, that includes personnel and consulting, shall be borne by the District.

3. The County Collection Fees for the purpose of placing the assessment on the Ventura County tax roll of $1,700 for the District for the fiscal year beginning July 1, 2024, as shown in paragraph 1 of the line entitled, “County Collection Fee,” are hereby fixed and as set forth in the assessment roll.

4. Assessment Roll for FY 2024-25 is attached as Exhibit A.

5. In accordance with Government Code section 36936.1, the City Clerk is instructed to cause this resolution to be published one time in a newspaper of general circulation within the City within 15 days after adoption.

6. In accordance with Government Code Section 53901, the City Clerk is instructed to file with the Ventura County Auditor within 60 days from July 1, 2024 a certified copy of this resolution.

PASSED AND ADOPTED THIS ___ day of June 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
65 Resolution No.

Special Tax for Waterway Maintenance District

Page 3 ends

_____________________________
John C. Zaragoza, Mayor
ATTEST:
___________________________
Rose Chaparro, City Clerk
APPROVED AS TO FORM:
___________________________
Stephen M. Fischer, City Attorney
66 Resolution No.

Special Tax for Waterway Maintenance District

Page 4 ends

EXHIBIT A
ASSESSMENT ROLL FOR FY 2024-25
(Assessment Engineer to provide Exhibit A once completed) 67 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-011-015 3900 W HEMLOCK ST Mandalay Bay $657.32
188-0-011-025 3904 W HEMLOCK AVE Mandalay Bay 634.64
188-0-011-035 3910 W HEMLOCK ST Mandalay Bay 634.64
188-0-011-045 3920 W HEMLOCK ST Mandalay Bay 679.98
188-0-011-055 3930 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-015 3866 W HEMLOCK ST Mandalay Bay 657.32
188-0-012-025 3860 W HEMLOCK ST Mandalay Bay 634.64
188-0-012-035 Mandalay Bay 657.32
188-0-012-045 3840 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-055 3830 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-065 3820 W HEMLOCK AVE Mandalay Bay 679.98
188-0-012-075 3810 W HEMLOCK ST Mandalay Bay 657.32
188-0-012-085 3804 W HEMLOCK ST Mandalay Bay 657.32
188-0-013-015 2015 VICTORIA AVE Mandalay Bay 725.30
188-0-013-025 2025 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-035 2035 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-045 2045 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-055 2051 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-065 2055 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-115 2141 VICTORIA AVE Mandalay Bay 725.30
188-0-013-125 Mandalay Bay 725.30
188-0-013-135 2161 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-145 2201 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-155 2205 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-205 2101 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-215 2111 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-225 2121 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-235 2131 VICTORIA AVE Mandalay Bay 679.98
188-0-013-245 2211 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-255 2221 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-265 2231 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-275 2241 S VICTORIA AVE Mandalay Bay 679.98
188-0-014-015 Mandalay Bay 770.64
188-0-014-025 2221 S MONACO DR Mandalay Bay 1,014.50
188-0-014-035 2215 MONACO DR Mandalay Bay 815.98
188-0-014-045 2211 S MONACO DR Mandalay Bay 793.30
188-0-014-055 2204 MONACO Mandalay Bay 793.30
188-0-014-065 2214 MONACO DR Mandalay Bay 793.30
188-0-014-075 2220 MONACO DR Mandalay Bay 1,019.96
188-0-014-085 2230 MONACO DR Mandalay Bay 725.30
188-0-015-015 2015 S NAPOLI Mandalay Bay 725.30
188-0-015-025 2025 NAPOLI DR Mandalay Bay 679.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 1 of 21 05/23/2023 11:24:39AM 68 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-015-035 2035 NAPOLI DR Mandalay Bay 679.98
188-0-015-045 2045 NAPOLI DR Mandalay Bay 679.98
188-0-015-055 2101 S NAPOLI DR Mandalay Bay 679.98
188-0-015-065 2111 NAPOLI DR Mandalay Bay 679.98
188-0-015-075 Mandalay Bay 725.30
188-0-015-085 Mandalay Bay 1,019.96
188-0-015-095 2135 NAPOLI DR Mandalay Bay 793.30
188-0-015-105 2141 NAPOLI DR Mandalay Bay 815.98
188-0-015-115 2150 NAPOLI Mandalay Bay 793.30
188-0-015-125 2140 NAPOLI DR Mandalay Bay 793.30
188-0-015-135 2130 S NAPOLI DR Mandalay Bay 1,019.96
188-0-015-145 2120 NAPOLI DR Mandalay Bay 725.30
188-0-015-155 2110 NAPOLI DR Mandalay Bay 679.98
188-0-015-165 2100 NAPOLI DR Mandalay Bay 679.98
188-0-015-175 2044 NAPOLI DR Mandalay Bay 679.98
188-0-015-185 2034 NAPOLI DR Mandalay Bay 679.98
188-0-015-195 2024 NAPOLI ST Mandalay Bay 679.98
188-0-015-205 2014 NAPOLI DR Mandalay Bay 725.30
188-0-021-015 2241 MONACO DR Mandalay Bay 702.64
188-0-021-025 2251 MONACO DR Mandalay Bay 702.64
188-0-021-035 2261 MONACO DR Mandalay Bay 702.64
188-0-021-045 2301 MONACO Mandalay Bay 702.64
188-0-021-105 2351 S MONACO DR Mandalay Bay 702.64
188-0-021-115 2361 MONACO DR Mandalay Bay 725.30
188-0-021-125 2401 MONACO DR Mandalay Bay 702.64
188-0-021-135 2411 MONACO DR Mandalay Bay 702.64
188-0-021-145 2421 MONACO DR Mandalay Bay 702.64
188-0-021-155 2431 MONACO DR Mandalay Bay 702.64
188-0-021-165 2441 S MONACO DR Mandalay Bay 702.64
188-0-021-175 2451 MONACO DR Mandalay Bay 702.64
188-0-021-185 2501 MONACO DR Mandalay Bay 702.64
188-0-021-195 2511 MONACO DR Mandalay Bay 725.30
188-0-021-205 2521 MONACO DR Mandalay Bay 793.30
188-0-021-245 2544 MONACO DR Mandalay Bay 702.64
188-0-021-255 2534 MONACO DR Mandalay Bay 929.30
188-0-021-265 2524 MONACO DR Mandalay Bay 725.30
188-0-021-275 2514 MONACO DR Mandalay Bay 702.64
188-0-021-285 2504 MONACO DR Mandalay Bay 702.64
188-0-021-295 2454 MONACO DR Mandalay Bay 679.98
188-0-021-305 2444 MONACO DR Mandalay Bay 702.64
188-0-021-315 2434 MONACO DR Mandalay Bay 679.98
188-0-021-325 2424 S MONACO DR Mandalay Bay 770.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 2 of 21 05/23/2023 11:24:39AM 69 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-021-335 2414 S MONACO DR Mandalay Bay 770.64
188-0-021-345 2404 MONACO DR Mandalay Bay 679.98
188-0-021-355 2531 MONACO DR Mandalay Bay 272.00
188-0-021-365 2531 MONACO DR Mandalay Bay 634.64
188-0-021-375 2541 MONACO DR Mandalay Bay 272.00
188-0-021-385 2541 MONACO DR Mandalay Bay 430.66
188-0-021-395 2550 MONACO DR Mandalay Bay 611.98
188-0-021-405 2550 MONACO DR Mandalay Bay 90.66
188-0-021-435 2305 MONACO DR Mandalay Bay 861.30
188-0-021-475 2341 S MONACO DR Mandalay Bay 702.64
188-0-021-485 2321 MONACO DR Mandalay Bay 1,019.96
188-0-022-015 2240 MONACO DR Mandalay Bay 702.64
188-0-022-025 2250 MONACO DR Mandalay Bay 679.98
188-0-022-035 2260 MONACO DR Mandalay Bay 679.98
188-0-022-045 2300 MONACO DR Mandalay Bay 679.98
188-0-022-055 2304 MONACO DR Mandalay Bay 679.98
188-0-022-065 2310 S MONACO DR Mandalay Bay 679.98
188-0-022-075 2320 MONACO DR Mandalay Bay 679.98
188-0-022-085 2330 MONACO DR Mandalay Bay 679.98
188-0-022-095 2340 MONACO DR Mandalay Bay 679.98
188-0-022-105 2350 MONACO DR Mandalay Bay 702.64
188-0-023-015 2251 VICTORIA AVE Mandalay Bay 679.98
188-0-023-025 2255 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-035 2261 VICTORIA AVE Mandalay Bay 679.98
188-0-023-045 2301 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-055 2305 VICTORIA AVE Mandalay Bay 679.98
188-0-023-065 2311 VICTORIA AVE Mandalay Bay 679.98
188-0-023-075 2321 S VICTORIA AVE Mandalay Bay 679.98
188-0-023-085 2331 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-095 2341 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-105 2351 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-015 2401 VICTORIA Mandalay Bay 679.98
188-0-024-025 2411 VICTORIA Mandalay Bay 702.64
188-0-024-035 2421 S VICTORIA AVE Mandalay Bay 679.98
188-0-024-045 2431 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-055 2441 VICTORIA AVE Mandalay Bay 679.98
188-0-024-065 2451 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-075 2501 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-085 2511 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-095 2521 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-105 2531 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-115 2541 S VICTORIA AVE Mandalay Bay 679.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 3 of 21 05/23/2023 11:24:39AM 70 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-024-125 2551 VICTORIA AVE Mandalay Bay 702.64
188-0-024-135 2561 S VICTORIA AVE Mandalay Bay 702.64
188-0-031-025 2320 PENINSULA RD Mandalay Bay 697.98
188-0-031-035 2330 PENINSULA RD Mandalay Bay 634.64
188-0-031-045 2340 PENINSULA Mandalay Bay 634.64
188-0-031-055 Mandalay Bay 634.64
188-0-032-015 4045 ISCHIA Mandalay Bay 725.30
188-0-032-025 4041 ISCHIA DR Mandalay Bay 679.98
188-0-032-035 4035 ISCHIA DR Mandalay Bay 679.98
188-0-032-045 4031 ISCHIA DR Mandalay Bay 679.98
188-0-032-055 4025 ISCHIA DR Mandalay Bay 702.64
188-0-032-065 4021 ISCHIA DR Mandalay Bay 725.30
188-0-032-075 Mandalay Bay 951.96
188-0-032-085 4005 ISCHIA DR Mandalay Bay 725.30
188-0-032-095 4000 W ISCHIA DR Mandalay Bay 725.30
188-0-032-105 4010 ISCHIA DR Mandalay Bay 725.30
188-0-032-115 4014 ISCHIA DR Mandalay Bay 951.96
188-0-032-125 4020 ISCHIA DR Mandalay Bay 725.30
188-0-032-135 4024 ISCHIA DR Mandalay Bay 725.30
188-0-032-145 4030 ISCHIA DR Mandalay Bay 679.98
188-0-032-155 4034 ISCHIA DR Mandalay Bay 679.98
188-0-032-165 4040 ISCHIA DR Mandalay Bay 679.98
188-0-032-175 4044 ISCHIA DR Mandalay Bay 725.30
188-0-033-015 2400 PENINSULA RD Mandalay Bay 634.64
188-0-033-025 2410 PENINSULA RD Mandalay Bay 634.64
188-0-033-035 2420 PENINSULA RD Mandalay Bay 634.64
188-0-033-045 2430 PENINSULA RD Mandalay Bay 679.98
188-0-033-055 2440 PENINSULA RD Mandalay Bay 679.98
188-0-033-065 2500 PENINSULA RD Mandalay Bay 679.98
188-0-033-075 2510 PENINSULA RD Mandalay Bay 679.98
188-0-033-085 2520 S PENINSULA RD Mandalay Bay 679.98
188-0-033-095 4047 NICE CT Mandalay Bay 679.98
188-0-034-015 2331 S PENINSULA RD Mandalay Bay 702.64
188-0-034-025 2341 S PENINSULA RD Mandalay Bay 702.64
188-0-034-035 2355 PENINSULA RD Mandalay Bay 702.64
188-0-034-045 2401 PENINSULA RD Mandalay Bay 702.64
188-0-034-055 2411 PENINSULA RD Mandalay Bay 702.64
188-0-034-065 2421 PENINSULA RD Mandalay Bay 725.30
188-0-034-075 2431 PENINSULA RD Mandalay Bay 725.30
188-0-034-085 2441 PENINSULA RD Mandalay Bay 747.98
188-0-034-095 2501 PENINSULA RD Mandalay Bay 725.30
188-0-034-105 2511 PENINSULA RD Mandalay Bay 725.30
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 4 of 21 05/23/2023 11:24:39AM 71 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-034-115 2521 S PENINSULA RD Mandalay Bay 702.64
188-0-034-125 2525 S PENINSULA DR Mandalay Bay 770.64
188-0-035-015 4101 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-025 4105 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-035 4111 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-055 4121 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-065 4125 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-075 4131 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-085 4135 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-095 4141 W CHANNEL ISLANDS BLVD Mandalay Bay 521.32 188-0-036-015 4041 NICE CT Mandalay Bay 725.30
188-0-036-025 4035 NICE CT Mandalay Bay 679.98
188-0-036-035 Mandalay Bay 679.98
188-0-036-045 Mandalay Bay 702.64
188-0-036-055 4021 NICE CT Mandalay Bay 725.30
188-0-036-065 4015 NICE CT Mandalay Bay 951.96
188-0-036-075 4005 NICE CT Mandalay Bay 725.30
188-0-036-085 4000 NICE CT Mandalay Bay 725.30
188-0-036-095 4010 NICE CT Mandalay Bay 725.30
188-0-036-105 Mandalay Bay 294.66
188-0-036-115 Mandalay Bay 657.32
188-0-036-125 4020 W NICE CT Mandalay Bay 362.66
188-0-036-135 4020 W NICE CT Mandalay Bay 362.66
188-0-036-145 4024 NICE CT Mandalay Bay 339.98
188-0-036-155 4024 NICE CT Mandalay Bay 362.66
188-0-036-165 4030 NICE CT Mandalay Bay 362.66
188-0-036-175 Mandalay Bay 362.66
188-0-037-015 2540 PENINSULA RD Mandalay Bay 566.64
188-0-037-025 2540 PENINSULA RD Mandalay Bay 136.00
188-0-037-035 2544 PENINSULA RD Mandalay Bay 702.64
188-0-037-045 2550 PENINSULA RD Mandalay Bay 702.64
188-0-037-055 2560 PENINSULA RD Mandalay Bay 702.64
188-0-041-015 2000 PENINSULA RD Mandalay Bay 634.64
188-0-041-025 4050 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-035 4040 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-045 4030 W HEMLOCK ST Mandalay Bay 679.98
188-0-041-055 4020 W HEMLOCK ST Mandalay Bay 679.98
188-0-041-065 4010 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-075 4004 W HEMLOCK DR Mandalay Bay 634.64
188-0-041-085 4000 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-015 3966 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-025 3960 W HEMLOCK ST Mandalay Bay 634.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 5 of 21 05/23/2023 11:24:39AM 72 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-042-035 3950 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-045 3940 W HEMLOCK ST Mandalay Bay 679.98
188-0-043-015 2015 S RAVOLI DR Mandalay Bay 725.30
188-0-043-025 2025 RAVOLI DR Mandalay Bay 679.98
188-0-043-035 2035 S RAVOLI DR Mandalay Bay 679.98
188-0-043-045 2045 RAVOLI DR Mandalay Bay 679.98
188-0-043-055 2101 RAVOLI DR Mandalay Bay 679.98
188-0-043-065 2111 RAVOLI DR Mandalay Bay 679.98
188-0-043-075 2121 S RAVOLI DR Mandalay Bay 725.30
188-0-043-085 2131 RAVOLI DR Mandalay Bay 1,019.96
188-0-043-095 2135 RAVOLI DR Mandalay Bay 793.30
188-0-043-105 2141 RAVOLI DR Mandalay Bay 793.30
188-0-043-115 2150 RAVOLI DR Mandalay Bay 793.30
188-0-043-125 2140 RAVOLI DR Mandalay Bay 815.98
188-0-043-135 2130 S RAVOLI DR Mandalay Bay 1,019.96
188-0-043-145 Mandalay Bay 725.30
188-0-043-155 2110 RAVOLI DR Mandalay Bay 679.98
188-0-043-165 Mandalay Bay 679.98
188-0-043-175 Mandalay Bay 679.98
188-0-043-185 2034 RAVOLI DR Mandalay Bay 679.98
188-0-043-195 2024 S RAVOLI DR Mandalay Bay 679.98
188-0-043-205 2014 S RAVOLI DR Mandalay Bay 725.30
188-0-044-015 2014 PENINSULA RD Mandalay Bay 725.30
188-0-044-025 2024 PENINSULA RD Mandalay Bay 679.98
188-0-044-035 2034 PENINSULA RD Mandalay Bay 679.98
188-0-044-045 2044 PENINSULA RD Mandalay Bay 679.98
188-0-044-055 2100 PENINSULA RD Mandalay Bay 679.98
188-0-044-065 2110 PENINSULA RD Mandalay Bay 679.98
188-0-044-075 2120 PENINSULA RD Mandalay Bay 725.30
188-0-044-085 2130 PENINSULA RD Mandalay Bay 1,019.96
188-0-044-095 2140 PENINSULA RD Mandalay Bay 725.30
188-0-044-105 2150 PENINSULA RD Mandalay Bay 725.30
188-0-044-115 2155 PENINSULA RD Mandalay Bay 725.30
188-0-044-125 2141 PENINSULA RD Mandalay Bay 725.30
188-0-044-135 2141 PENINSULA RD Mandalay Bay 1,019.96
188-0-044-145 Mandalay Bay 770.64
188-0-044-155 2111 S PENINSULA RD Mandalay Bay 702.64
188-0-044-165 2101 PENINSULA RD Mandalay Bay 702.64
188-0-044-175 2061 PENINSULA RD Mandalay Bay 702.64
188-0-044-185 2051 PENINSULA RD Mandalay Bay 702.64
188-0-044-195 2041 PENINSULA RD Mandalay Bay 702.64
188-0-044-205 2031 PENINSULA RD Mandalay Bay 725.30
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 6 of 21 05/23/2023 11:24:39AM 73 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-044-215 2021 PENINSULA RD Mandalay Bay 634.64
188-0-044-225 2011 PENINSULA RD Mandalay Bay 634.64
188-0-044-235 Mandalay Bay 634.64
188-0-045-015 4101 W ROMANY DR Mandalay Bay 725.30
188-0-045-025 4065 W ROMANY DR Mandalay Bay 725.30
188-0-045-035 4061 ROMANY DR Mandalay Bay 725.30
188-0-045-045 4051 ROMANY DR Mandalay Bay 725.30
188-0-045-055 4045 ROMANY DR Mandalay Bay 747.98
188-0-045-065 4041 ROMANY DR Mandalay Bay 725.30
188-0-045-075 4035 ROMANY DR Mandalay Bay 725.30
188-0-045-085 4031 ROMANY DR Mandalay Bay 725.30
188-0-045-095 Mandalay Bay 838.64
188-0-045-105 4021 ROMANY DR Mandalay Bay 1,019.96
188-0-045-115 4011 ROMANY DR Mandalay Bay 725.30
188-0-045-125 4005 ROMANY DR Mandalay Bay 725.30
188-0-045-135 4000 ROMANY DR Mandalay Bay 747.98
188-0-045-145 4010 W ROMANY DR Mandalay Bay 725.30
188-0-045-155 4020 ROMANY DR Mandalay Bay 951.96
188-0-045-165 4024 ROMANY DR Mandalay Bay 725.30
188-0-045-175 4030 ROMANY DR Mandalay Bay 679.98
188-0-045-185 4034 W ROMANY DR Mandalay Bay 679.98
188-0-045-195 4040 ROMANY Mandalay Bay 679.98
188-0-045-205 4044 ROMANY DR Mandalay Bay 725.30
188-0-045-215 Mandalay Bay 725.30
188-0-045-225 4111 ROMANY DR Mandalay Bay 725.30
188-0-045-235 4121 ROMANY DR Mandalay Bay 725.30
188-0-045-245 4131 ROMANY DR Mandalay Bay 725.30
188-0-045-255 4141 ROMANY DR Mandalay Bay 747.98
188-0-045-265 4151 ROMANY DR Mandalay Bay 747.98
188-0-046-015 2230 PENINSULA RD Mandalay Bay 634.64
188-0-046-025 Mandalay Bay 634.64
188-0-046-035 2250 PENINSULA Mandalay Bay 634.64
188-0-046-045 2300 S PENINSULA RD Mandalay Bay 679.98
188-0-047-015 2231 PENINSULA RD Mandalay Bay 725.30
188-0-047-025 2241 PENINSULA RD Mandalay Bay 702.64
188-0-047-035 2251 PENINSULA RD Mandalay Bay 702.64
188-0-047-045 2301 PENINSULA RD Mandalay Bay 702.64
188-0-047-055 Mandalay Bay 702.64
188-0-047-065 2321 PENINSULA RD Mandalay Bay 702.64
188-0-051-015 2000 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-025 2010 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-035 2020 KINGSBRIDGE WAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 7 of 21 05/23/2023 11:24:39AM 74 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-051-045 2030 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-055 2040 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-065 2050 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-085 2100 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-095 2110 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-105 2120 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-115 2130 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-125 2140 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-135 2144 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-052-015 2005 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-025 2011 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-035 2015 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-045 2021 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-055 2025 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-065 2031 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-085 2041 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-095 2045 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-105 2051 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-115 2055 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-125 2061 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-145 2101 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-155 2111 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-165 2121 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-175 2131 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-185 2141 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-015 2000 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-025 2004 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-035 2010 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-045 2014 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-055 2020 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-065 2024 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-085 2034 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-095 2040 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-105 2044 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-115 2050 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-125 2054 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-135 2060 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-155 2100 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-165 2110 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-175 2120 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-185 2130 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-195 2140 JAMESTOWN WAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 8 of 21 05/23/2023 11:24:39AM 75 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-053-205 2144 JAMESTOWN WAY Mandalay Bay 566.64
188-0-054-115 4150 W HEMLOCK ST Mandalay Bay 725.30
188-0-054-125 2000 S GREENCASTLE WAY Mandalay Bay 634.64 188-0-054-135 4210 W HEMLOCK ST Mandalay Bay 634.64
188-0-054-145 4200 W HEMLOCK ST Mandalay Bay 634.64
188-0-054-155 4144 W HEMLOCK ST Mandalay Bay 725.30
188-0-054-165 Mandalay Bay 702.64
188-0-054-175 4132 W HEMLOCK ST Mandalay Bay 770.64
188-0-055-015 2001 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-045 2021 S GREENCASTLE WAY Mandalay Bay 815.98 188-0-055-055 120 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-065 2041 GREENCASTLE Mandalay Bay 815.98
188-0-055-075 2051 GREEN CASTLE WAY Mandalay Bay 838.64 188-0-055-085 2061 GREENCASTLE WAY Mandalay Bay 838.64
188-0-055-095 2065 GREENCASTLE WAY Mandalay Bay 838.64
188-0-055-145 2145 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-155 2155 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-165 2150 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-175 2144 GREENCASTLE WAY Mandalay Bay 1,042.64 188-0-055-185 2140 GREENCASTLE WAY Mandalay Bay 793.30
188-0-055-195 2130 GREENCASTLE WAY Mandalay Bay 747.98
188-0-055-205 2120 GREENCASTLE WAY Mandalay Bay 725.30
188-0-055-215 2110 GREEN CASTLE WAY Mandalay Bay 725.30 188-0-055-225 2100 GREENCASTLE WAY Mandalay Bay 725.30
188-0-055-235 2060 GREENCASTLE WAY Mandalay Bay 770.64
188-0-055-245 2135 GREENCASTLE WAY Mandalay Bay 1,586.62 188-0-055-255 2005 GREENCASTLE WAY Mandalay Bay 1,631.96 188-0-055-265 Mandalay Bay 1,677.28
188-0-056-015 2151 JAMESTOWN WAY Mandalay Bay 589.32
188-0-056-025 2155 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-035 2161 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-045 2167 JAMESTOWN WAY Mandalay Bay 543.98
188-0-056-055 2164 JAMESTOWN WAY Mandalay Bay 543.98
188-0-056-065 2160 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-075 2154 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-085 2150 JAMESTOWN WAY Mandalay Bay 657.32
188-0-057-015 2164 KINGSBRIDGE WAY Mandalay Bay 475.98
188-0-057-025 2160 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-057-035 2154 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-057-045 2150 KINGSBRIDGE WAY Mandalay Bay 589.32
188-0-061-015 2200 KINGSBRIDGE LN Mandalay Bay 475.98
188-0-061-025 2204 KINGSBRIDGE LN Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 9 of 21 05/23/2023 11:24:39AM 76 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-061-035 2210 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-061-045 2214 KINGSBRIDGE LN Mandalay Bay 589.32
188-0-062-015 2221 JAMESTOWN LN Mandalay Bay 589.32
188-0-062-025 2215 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-035 2211 JAMESTOWN LN Mandalay Bay 453.22
188-0-062-045 2205 JAMESTOWN LN Mandalay Bay 543.98
188-0-062-055 2200 JAMESTOWN LN Mandalay Bay 543.98
188-0-062-065 2204 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-075 2210 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-085 2214 JAMESTOWN LN Mandalay Bay 634.64
188-0-063-015 2230 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-025 2240 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-035 2250 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-045 2300 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-055 2310 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-065 2320 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-075 2324 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-085 2330 GREENCASTLE WAY Mandalay Bay 702.64
188-0-063-095 2346 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-105 2350 S GREENCASTLE LN Mandalay Bay 770.64 188-0-063-115 2354 S GREENCASTLE LN Mandalay Bay 1,019.96 188-0-063-125 2360 S GREENCASTLE LN Mandalay Bay 793.30 188-0-063-135 2365 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-145 2361 GREENCASTLE CT Mandalay Bay 793.30
188-0-063-155 2355 GREENCASTLE LN Mandalay Bay 1,110.62 188-0-063-165 2351 GREENCASTLE LN Mandalay Bay 929.30
188-0-063-175 Mandalay Bay 861.30
188-0-063-185 2331 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-195 2325 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-205 2321 GREEN CASTLE LN Mandalay Bay 815.98
188-0-063-215 2311 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-225 2301 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-235 2251 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-245 2241 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-255 2231 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-265 2221 GREENCASTLE Mandalay Bay 815.98
188-0-063-275 4221 ROMANY Mandalay Bay 815.98
188-0-063-285 4215 ROMANY DR Mandalay Bay 1,133.30
188-0-063-295 4211 ROMANY DR Mandalay Bay 861.30
188-0-063-305 4205 ROMANY DR Mandalay Bay 747.98
188-0-063-315 4201 ROMANY DR Mandalay Bay 725.30
188-0-064-015 2230 JAMESTOWN LN Mandalay Bay 815.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 10 of 21 05/23/2023 11:24:39AM 77 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-064-025 2240 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-035 2250 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-045 2260 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-055 2310 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-065 2320 JAMESTOWN LN Mandalay Bay 815.98
188-0-064-075 2330 JAMESTOWN WAY Mandalay Bay 838.64
188-0-065-015 2231 JAMESTOWN LN Mandalay Bay 498.64
188-0-065-025 2235 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-035 2241 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-045 2251 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-055 2255 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-075 2301 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-085 2311 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-095 2315 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-105 2325 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-115 2335 JAMESTOWN LN Mandalay Bay 475.98
188-0-066-015 4400 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-025 4354 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-035 4350 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-045 4344 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-055 4340 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-075 4334 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-085 4330 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-095 4324 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-105 4320 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-115 4314 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-125 4310 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-145 4304 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-155 4300 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-165 4254 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-175 4250 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-185 4244 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-195 4240 MERIDIAN AVE Mandalay Bay 634.64
188-0-067-015 2230 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-025 2234 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-035 2240 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-045 2250 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-055 2260 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-075 2300 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-085 2310 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-095 2320 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-105 2330 KINGSBRIDGE LN Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 11 of 21 05/23/2023 11:24:39AM 78 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-067-115 2340 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-071-015 2421 OLDHAM CIR Mandalay Bay 498.64
188-0-071-025 2425 OLDHAM CIR Mandalay Bay 453.32
188-0-071-035 2431 OLDHAM CIR Mandalay Bay 453.32
188-0-071-045 2435 OLD HAM CIR Mandalay Bay 498.64
188-0-071-065 2441 OLDHAM CIR Mandalay Bay 498.64
188-0-071-075 2445 OLDHAM CIR Mandalay Bay 453.32
188-0-071-085 2450 OLDHAM CIR Mandalay Bay 453.32
188-0-071-095 2454 OLDHAM CIR Mandalay Bay 453.32
188-0-071-105 2460 OLDHAM CIR Mandalay Bay 453.32
188-0-071-115 2464 OLDHAM CIR Mandalay Bay 589.32
188-0-072-015 2461 JAMESTOWN CT Mandalay Bay 589.32
188-0-072-025 2455 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-035 2451 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-045 2445 JAMESTOWN CT Mandalay Bay 543.98
188-0-072-055 2440 JAMESTOWN CT Mandalay Bay 543.98
188-0-072-065 2444 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-075 2450 JAMES TOWN CT Mandalay Bay 453.32
188-0-072-085 2454 JAMESTOWN CT Mandalay Bay 634.64
188-0-073-011 2521 GREENCASTLE CT Mandalay Bay 317.32
188-0-073-012 2521 GREENCASTLE CT Mandalay Bay 317.32
188-0-073-021 2515 GREENCASTLE CT Mandalay Bay 226.66
188-0-073-022 2515 GREENCASTLE CT Mandalay Bay 222.66
188-0-073-035 2511 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-045 2505 GREENCASTLE CT Mandalay Bay 543.98
188-0-073-055 2500 GREENCASTLE CT Mandalay Bay 543.98
188-0-073-065 2504 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-075 2510 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-085 2514 GREENCASTLE CT Mandalay Bay 589.32
188-0-074-011 2530 GREENCASTLE CT Mandalay Bay 249.32
188-0-074-012 2530 GREENCASTLE CT Mandalay Bay 249.32
188-0-074-025 2540 GREENCASTLE CT Mandalay Bay 453.32
188-0-074-035 Mandalay Bay 453.32
188-0-074-045 2560 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-015 2531 GREENCASTLE CT Mandalay Bay 543.98
188-0-075-025 2541 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-035 2551 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-045 2561 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-055 2565 GREENCASTLE CT Mandalay Bay 543.98
188-0-076-015 2500 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-025 2504 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-035 2510 JAMESTOWN CT Mandalay Bay 498.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 12 of 21 05/23/2023 11:24:39AM 79 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-076-045 2520 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-065 2540 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-075 2550 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-085 2560 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-095 2564 JAMESTOWN CT Mandalay Bay 543.98
188-0-077-015 2501 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-025 2505 JAMESTOWN CT Mandalay Bay 453.32
188-0-077-035 2511 JAMESTOWN CT Mandalay Bay 453.32
188-0-077-045 2521 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-065 2541 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-075 2551 JAMES TOWN CT Mandalay Bay 453.32
188-0-077-085 2561 JAMESTOWN CT Mandalay Bay 498.64
188-0-078-015 2500 OLDHAM CIR Mandalay Bay 498.64
188-0-078-025 2510 OLDHAM CIR Mandalay Bay 453.32
188-0-078-035 2520 OLDHAM CIR Mandalay Bay 453.32
188-0-078-045 2530 OLDHAM CIR Mandalay Bay 453.32
188-0-078-055 2540 OLDHAM CIR Mandalay Bay 453.32
188-0-078-065 2550 OLDHAM CIR Mandalay Bay 543.98
188-0-081-015 4460 MERIDIAN WAY Mandalay Bay 498.64
188-0-081-025 4450 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-035 4440 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-045 4430 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-055 4420 MERIDIAN AVE Mandalay Bay 453.32
188-0-081-065 4414 MERIDIAN WAY Mandalay Bay 498.64
188-0-081-085 4404 MERIDIAN WAY Mandalay Bay 498.64
188-0-082-015 4461 MERIDIAN WAY Mandalay Bay 498.64
188-0-082-025 4445 MERIDIAN AVE Mandalay Bay 453.32
188-0-082-035 4431 MERIDIAN WAY Mandalay Bay 566.64
188-0-083-015 2240 HARBOR BLVD Mandalay Bay 566.64
188-0-083-025 2250 S HARBOR BLVD Mandalay Bay 453.32
188-0-083-035 2260 HARBOR BLVD Mandalay Bay 453.32
188-0-083-045 2300 S HARBOR BLVD Mandalay Bay 453.32
188-0-083-055 2310 S HARBOR BLVD Mandalay Bay 566.64
188-0-084-015 4544 LYME BAY Mandalay Bay 543.98
188-0-084-025 4540 LYME BAY Mandalay Bay 453.32
188-0-084-035 4534 LYME BAY Mandalay Bay 453.32
188-0-084-045 4530 LYME BAY Mandalay Bay 498.64
188-0-085-015 4525 LYME BAY Mandalay Bay 589.32
188-0-085-025 4521 LYME BAY Mandalay Bay 453.32
188-0-085-035 4511 LYME BAY Mandalay Bay 453.32
188-0-085-045 4505 LYME BAY Mandalay Bay 475.98
188-0-085-055 4500 LYME BAY Mandalay Bay 475.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 13 of 21 05/23/2023 11:24:39AM 80 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-085-065 4510 LYME BAY Mandalay Bay 453.32
188-0-085-075 4514 LYME BAY Mandalay Bay 453.32
188-0-085-085 4520 LYME BAY Mandalay Bay 589.32
188-0-086-015 4545 LYME BAY Mandalay Bay 498.64
188-0-086-025 4541 LYME BAY Mandalay Bay 453.32
188-0-086-035 4535 LYME BAY Mandalay Bay 453.32
188-0-086-045 4531 LYME BAY Mandalay Bay 498.64
188-0-087-015 4560 N COSTA DE ORO AVE Mandalay Bay 498.64 188-0-087-025 4554 COSTA DE ORO Mandalay Bay 453.32
188-0-087-035 4550 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-087-045 4544 COSTA DE ORO AVE Mandalay Bay 498.64 188-0-087-065 4540 COSTA DE ORO Mandalay Bay 498.64
188-0-087-075 4536 COSTA DE ORO Mandalay Bay 453.32
188-0-087-085 4532 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-087-095 4528 COSTA DE ORO AVE Mandalay Bay 566.64 188-0-088-015 2001 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-025 2005 KINGS BRIDGE WAY Mandalay Bay 453.32 188-0-088-035 2011 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-045 2021 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-055 2031 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-065 2041 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-085 2101 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-095 2105 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-105 2111 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-115 2121 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-125 2131 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-135 2141 KINGSBRIDGE WAY Mandalay Bay 589.32
188-0-088-145 2145 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-155 2151 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-165 2155 KINGSBRIDGE WAY Mandalay Bay 475.98
188-0-089-015 2205 KINGSBRIDGE LN Mandalay Bay 475.98
188-0-089-025 2211 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-035 2215 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-045 2221 KINGSBRIDGE LN Mandalay Bay 589.32
188-0-089-055 2231 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-065 2241 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-075 2251 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-095 2301 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-105 2311 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-115 2325 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-125 2341 KINGSB RIDGE LN Mandalay Bay 498.64
188-0-091-015 4640 EASTBOURNE BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 14 of 21 05/23/2023 11:24:39AM 81 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-091-025 4630 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-035 4624 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-045 4620 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-065 4614 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-075 4610 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-085 4604 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-095 4600 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-115 4570 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-125 4566 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-135 4562 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-145 4558 EAST BOURNE BAY Mandalay Bay 453.32
188-0-091-155 4554 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-165 4550 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-185 4544 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-195 4540 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-205 4625 FALKIRK BAY Mandalay Bay 453.32
188-0-091-215 4621 FALKIRK BAY Mandalay Bay 453.32
188-0-091-225 4615 FALKIRK BAY Mandalay Bay 453.32
188-0-091-235 4611 FALKIRK BAY Mandalay Bay 453.32
188-0-091-245 4605 FALKIRK BAY Mandalay Bay 453.32
188-0-091-255 4601 FALKIRK BAY Mandalay Bay 453.32
188-0-091-275 4575 FALKIRK BAY Mandalay Bay 453.32
188-0-091-285 4571 FALKIRK BAY Mandalay Bay 453.32
188-0-091-295 4565 FALKIRK BAY Mandalay Bay 453.32
188-0-091-305 4561 FALKIRK BAY Mandalay Bay 453.32
188-0-091-315 4555 FALKIRK BAY Mandalay Bay 453.32
188-0-091-325 4551 FALKIRK BAY Mandalay Bay 453.32
188-0-091-345 4541 FALKIRK BAY Mandalay Bay 453.32
188-0-091-355 4535 FALKIRK BAY Mandalay Bay 453.32
188-0-091-365 4531 FALKIRK BAY Mandalay Bay 453.32
188-0-091-375 4525 FALKIRK BAY Mandalay Bay 453.32
188-0-091-395 4521 FALKIRK BAY Mandalay Bay 453.32
188-0-092-015 4624 FALKIRK BAY Mandalay Bay 453.32
188-0-092-025 4620 FALKIRK BAY Mandalay Bay 453.32
188-0-092-035 4616 FALKIRK BAY Mandalay Bay 453.32
188-0-092-045 4612 FALKIRK BAY Mandalay Bay 453.32
188-0-092-055 4608 FALKIRK BAY Mandalay Bay 453.32
188-0-092-065 4604 FALKIRK BAY Mandalay Bay 453.32
188-0-092-085 4574 FALKIRK BAY Mandalay Bay 453.32
188-0-092-095 4570 FALKIRK BAY Mandalay Bay 453.32
188-0-092-105 4564 FALKIRK BAY Mandalay Bay 453.32
188-0-092-115 4560 FALKIRK BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 15 of 21 05/23/2023 11:24:39AM 82 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-092-135 4550 FALKIRK BAY Mandalay Bay 453.32
188-0-092-145 4544 FALKIRK BAY Mandalay Bay 453.32
188-0-092-155 4540 FALKIRK BAY Mandalay Bay 453.32
188-0-092-165 4536 FALKIRK BAY Mandalay Bay 453.32
188-0-092-175 4532 FALKIRK BAY Mandalay Bay 453.32
188-0-092-185 4528 FALKIRK BAY Mandalay Bay 453.32
188-0-092-205 4520 FALKIRK BAY Mandalay Bay 453.32
188-0-092-275 4567 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-285 4565 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-295 4563 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-315 4555 GATESHEAD BAY Mandalay Bay 643.64
188-0-092-325 4551 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-335 4545 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-345 4541 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-355 4535 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-365 4531 GATESHEAD BAY Mandalay Bay 543.98
188-0-092-385 4521 GATESHEAD BAY Mandalay Bay 543.98
188-0-092-395 4515 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-405 4511 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-415 4505 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-425 4501 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-445 4455 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-455 4577 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-465 4575 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-475 4571 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-015 4578 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-025 4574 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-035 4570 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-045 4568 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-055 4564 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-065 4562 GATESHEAD BAY Mandalay Bay 634.64
188-0-093-195 4524 GATESHEAD BAY Mandalay Bay 543.98
188-0-093-205 4520 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-215 4514 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-225 4510 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-235 4504 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-245 4500 GATESHEAD BAY Mandalay Bay 589.32
188-0-093-265 4454 GATESHEAD BAY Mandalay Bay 589.32
188-0-093-275 4565 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-285 4561 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-295 4555 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-305 4551 COSTA DE ORO AVE Mandalay Bay 453.32 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 16 of 21 05/23/2023 11:24:40AM 83 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-093-315 4545 COSTA DE ORO AVE Mandalay Bay 543.98 188-0-093-335 4541 COSTA DE ORO AVE Mandalay Bay 543.98 188-0-093-345 4535 COSTA DE ORO Mandalay Bay 453.32
188-0-093-355 4531 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-365 4525 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-375 4521 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-385 4515 COSTA DE ORO AVE Mandalay Bay 634.64 188-0-093-405 4505 COSTA DE ORO AVE Mandalay Bay 634.64 188-0-093-415 4501 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-425 4451 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-435 4445 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-445 4441 COSTA DE ORO Mandalay Bay 453.32
188-0-093-455 4435 COSTA DE ORO AVE Mandalay Bay 589.32 188-0-093-495 4554 GATESHEAD BAY Mandalay Bay 634.64
188-0-093-505 4550 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-515 4544 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-525 4540 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-535 4534 GATESHEAD BAY Mandalay Bay 532.64
188-0-093-545 4425 COSTA DE ORO AVE Mandalay Bay 589.32 188-0-100-015 4500 EAST BOURNE BAY Mandalay Bay 453.32
188-0-100-025 4504 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-035 4510 EAST BOURNE BAY Mandalay Bay 453.32
188-0-100-045 4514 EASTBOURNE BAY Mandalay Bay 679.98
188-0-100-055 4520 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-065 4524 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-075 4530 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-085 4534 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-105 4515 FALKIRK BAY Mandalay Bay 453.32
188-0-100-115 4511 FALKIRK BAY Mandalay Bay 453.32
188-0-100-125 4509 FALKIRK BAY Mandalay Bay 453.32
188-0-100-135 4505 FALKIRK BAY Mandalay Bay 453.32
188-0-100-145 4501 FALKIRK BAY Mandalay Bay 453.32
188-0-100-155 4445 FALKIRK BAY Mandalay Bay 679.98
188-0-100-165 4441 FALKIRK BAY Mandalay Bay 453.32
188-0-100-175 4435 FALKIRK BAY Mandalay Bay 453.32
188-0-100-185 4431 FALKIRK BAY Mandalay Bay 543.98
188-0-100-195 4424 FALKIRK BAY Mandalay Bay 543.98
188-0-100-205 4430 FALKIRK BAY Mandalay Bay 453.32
188-0-100-215 4440 FALKIRK BAY Mandalay Bay 430.66
188-0-100-225 4450 FALKIRK BAY Mandalay Bay 679.98
188-0-100-235 4500 W FALKIRK BAY Mandalay Bay 453.32
188-0-100-245 4504 FALKIRK BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 17 of 21 05/23/2023 11:24:40AM 84 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-100-255 4508 FALKIRK BAY Mandalay Bay 453.32
188-0-100-265 4512 FALKIRK BAY Mandalay Bay 453.32
188-0-100-275 4516 FALKIRK BAY Mandalay Bay 453.32
188-0-100-285 4451 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-295 4445 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-305 4441 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-315 4435 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-325 4431 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-335 4421 GATESHEAD BAY Mandalay Bay 679.98
188-0-100-345 4415 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-355 4411 GATES HEAD BAY Mandalay Bay 498.64
188-0-100-365 4405 GATESHEAD BAY Mandalay Bay 543.98
188-0-100-375 4400 GATESHEAD BAY Mandalay Bay 543.98
188-0-100-385 4410 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-395 4414 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-405 4420 GATESHEAD BAY Mandalay Bay 679.98
188-0-100-415 4430 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-425 4434 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-435 4440 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-445 4444 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-455 4450 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-565 1950 JAMESTOWN WAY Mandalay Bay 679.98
188-0-100-575 1954 JAMESTOWN WAY Mandalay Bay 498.64
188-0-100-585 1960 JAMESTOWN WAY Mandalay Bay 589.32
188-0-100-605 4421 COSTA DE ORO Mandalay Bay 453.32
188-0-100-615 4415 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-625 4411 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-635 4405 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-645 4401 COSTA DE ORO ST Mandalay Bay 498.64
188-0-120-085 4221 W HEMLOCK ST Mandalay Bay 1,349.46
188-0-120-095 4211 W HEMLOCK ST Mandalay Bay 940.42
188-0-130-015 4200 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-025 4202 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-035 4204 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-045 4206 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-055 4208 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-065 4210 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-075 4212 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-085 4214 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-095 4216 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-105 4220 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-115 4222 HARBOUR ISLAND LN Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 18 of 21 05/23/2023 11:24:40AM 85 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-130-125 4224 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-135 4226 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-145 4228 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-155 4230 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-165 4240 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-175 4242 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-185 4244 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-195 4246 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-205 4248 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-215 4250 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-225 4252 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-235 4254 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-245 4245 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-255 4243 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-265 4241 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-275 4251 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-285 4249 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-295 4247 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-305 4255 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-315 4253 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-325 4225 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-335 4223 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-345 4221 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-355 4231 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-365 4229 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-375 4227 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-385 4237 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-395 4235 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-405 4233 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-415 1745 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-425 1743 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-435 1741 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-445 1751 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-455 1749 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-465 1747 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-475 1755 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-485 1753 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-015 1725 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-025 1723 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-035 1721 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-045 1731 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-055 1729 EMERALD ISLE WAY Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 19 of 21 05/23/2023 11:24:40AM 86 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-140-065 1727 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-075 1737 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-085 1735 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-095 1733 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-105 1705 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-115 1703 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-125 1701 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-135 1711 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-145 1709 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-155 1707 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-165 1715 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-175 1713 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-185 1700 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-195 1702 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-205 1704 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-215 1706 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-225 1708 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-235 1710 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-245 1712 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-255 1714 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-265 1720 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-275 1722 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-285 1724 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-295 1726 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-305 1728 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-315 1730 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-325 1732 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-335 1734 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-345 1736 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-355 1738 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-365 1740 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-375 1742 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-385 1746 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-395 1748 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-405 1750 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-415 1752 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-425 1754 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-435 1756 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-445 1758 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-455 1760 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-015 1800 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-025 1802 EMERALD ISLE WAY Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 20 of 21 05/23/2023 11:24:40AM 87 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2023/24
APN Site Address Zone Assessment Total
188-0-150-035 4203 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-045 4201 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-055 1743 PEARL WAY Harbour Island 371.70
188-0-150-065 1741 PEARL WAY Harbour Island 371.70
188-0-150-075 1725 PEARL WAY Harbour Island 371.70
188-0-150-085 1723 PEARL WAY Harbour Island 371.70
188-0-150-095 1721 PEARL WAY Harbour Island 371.70
188-0-150-105 1705 PEARL WAY Harbour Island 371.70
188-0-150-115 1703 PEARL WAY Harbour Island 371.70
188-0-150-125 1701 PEARL WAY Harbour Island 371.70
188-0-150-135 1804 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-145 1806 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-155 4207 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-165 4205 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-175 1747 PEARL WAY Harbour Island 371.70
188-0-150-185 1745 PEARL WAY Harbour Island 371.70
188-0-150-195 1731 PEARL WAY Harbour Island 371.70
188-0-150-205 1729 PEARL WAY Harbour Island 371.70
188-0-150-215 1727 PEARL WAY Harbour Island 371.70
188-0-150-225 1711 PEARL WAY Harbour Island 371.70
188-0-150-235 1709 PEARL WAY Harbour Island 371.70
188-0-150-245 1707 PEARL WAY Harbour Island 371.70
188-0-150-255 1808 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-265 1810 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-275 4211 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-285 4209 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-295 1751 PEARL WAY Harbour Island 371.70
188-0-150-305 1749 PEARL WAY Harbour Island 371.70
188-0-150-315 1737 PEARL WAY Harbour Island 371.70
188-0-150-325 1735 PEARL WAY Harbour Island 371.70
188-0-150-335 1733 PEARL WAY Harbour Island 371.70
188-0-150-345 1717 PEARL WAY Harbour Island 371.70
188-0-150-355 1715 PEARL WAY Harbour Island 371.70
188-0-150-365 1713 PEARL WAY Harbour Island 371.70
$492,206.98874 Accounts
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 21 of 21 05/23/2023 11:24:40AM 88 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 SPECIAL DISTRICTS
3,000 0 3,000 6,000
Feet
Created by:

Geographic Information Systems Division
March 2023
Data Source:

City of Oxnard GIS Division
County of Ventura GIS Program
89 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
90 Adoption of Resolution for the FY 2024-25
Levy Assessments in Waterways
Maintenance District
Finance and Governance Committee
May 28, 2024
City Council
June 18, 2024
Anthony Miller
Interim Special Districts Manager
91 That the Finance and Governance Committee recommend
that the City Council, acting as the legislative body for the Waterways Maintenance District, approve and authorize:

1. Holding a public hearing regarding proposed
assessments for the Waterways Maintenance District for
Fiscal Year 2024-25; and

2. Adopt a resolution to levy the special assessments
within the Waterways Maintenance District for Fiscal
Year 2024-25

RECOMMENDATION
2 92
That the City Council, acting as the legislative body for the Waterways Maintenance District, approve and authorize:

1. Holding a public hearing regarding proposed
assessments for the Waterways Maintenance District for
Fiscal Year 2024-25; and

2. Adopt a resolution to levy the special assessments
within the Waterways Maintenance District for Fiscal
Year 2024-25

RECOMMENDATION
3 93
• Special Districts is a Division of the Public Works
Department and manages 48 special financing districts,
which includes one Waterways Maintenance District.
• On June 16, 1970, the City formed the District pursuant to the Improvement Act of 1911.
• The District was formed at the request of the developer of the property included within the District to finance the capital costs and maintenance and operation expenses
for the sidewalks, streets, water, flood control, drainage systems, vector control, landscaping, and parking areas and fences.

BACKGROUND
4 94
5 MAP OF SPECIAL DISTRICTS IN THE CITY OF OXNARD
More information can be found at: oxnard.gov/public-works/special-districts 95 DISCUSSION
6 Location Map
Harbour
Island
Mandalay
Bay
96 • Each year, prior to levying the assessment on the
property tax rolls, the City Council is required to review the estimated costs of maintaining and operating the
improvements within the District, to decide whether the costs of such maintenance and operations shall be borne wholly or partially by the District.
• Only after conducting a Public Hearing to receive public input, can the Council consider making a decision to levy the assessments in an amount sufficient to raise the
money to pay for such costs within the District.

DISCUSSION
7 97
• The proposed assessment rates for FY 2024-25 are
identified below:

DISCUSSION
8 Waterways
Maintenance
District
FY 2024-25 Qualified Elector
Approved
Annual
Adjustment
Projected
Assessment
RevenueMaximum Rate Applied Rate
Zone 1
(Mandalay Bay) $444,258.00 $444,258.00 N/A $444,258.00
Zone 2
(Harbour
Island)
$47,949.00 $47,949.00 N/A $47,949.00
98 • The resolution attached to this staff report authorizing the levy is in draft form and will be completed upon the final preparation of the fiscal year 2024-25 assessment roll.
• As this district was levied a maximum assessment in
fiscal year 2023-24 and does not have an approved
annual adjustment, rates are not expected to change for fiscal 2024-25.
• The deadline to deliver the assessment information to Ventura County for inclusion on the FY 2024-25 property tax roll is July 8, 2024.

DISCUSSION
9 99
• Property owners pay the assessments as a part of their annual property tax bill. The assessment has been
approved by the property owners through prior
proceedings. Funds received for the benefit of the
District are restricted and can only be used to fund the services of the District.
• There is no impact to the General Fund.

FINANCIAL IMPACT
10 100
• The District’s projected maintenance costs for FY
2024-25 are outlined below:

Expenses:

Direct Maintenance $329,590.00
Overhead, City Staff, and Consulting $160,917.00
County Fee $ 1,700.00
Total $492,207.00
Assessment Revenue
Zone 1 (Mandalay Bay) $444,258.00
Zone 2 (Harbour Island) $ 47,949.00
Total $492,207.00

FINANCIAL IMPACT
11 101
12This is the footer.
102

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.3

DATE: May 28, 2024

TO: Finance & Governance Committee

FROM: Emilio Ramirez, Housing Director, (805) 385-8094, [email protected]

SUBJECT: Investment Policy and Guidelines Housing Authority of the City of Oxnard. (10 minutes)

RECOMMENDATION

That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard approve a resolution adopting an investment policy and portfolio guidelines for the Housing Authority of the City of Oxnard for FY 2024-2025.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/LkRo5Vhldoc

BACKGROUND

On May 16, 2023, the Housing Authority of the City of Oxnard (OHA) adopted an investment policy and portfolio guidelines. The law requires the OHA to adopt an investment policy each year. The OHA is bound by State law, as is the City of Oxnard, but has further constraints imposed by the federal government involving the investment of funds. The investment policy governs investment of funds, including funds on deposit. The Department of Housing and Urban Development has defined “funds on deposit” as comprised of:

1. Funds for current transactions

2. Capital or development funds

3. Funds exceeding daily requirements

4. Operation reserve funds

DISCUSSION

In recent history, the OHA has invested excess cash utilizing a combination of in- house efforts and an outside agent (State of California Local Agency Investment Fund), which is permitted by the Department of Housing and Urban Development (HUD) and State law. Staff is recommending this practice be continued through FY 2024-2025 because it is a safe, cost effective and successful program. Additionally, should any further eligible investment opportunities arise, staff will investigate and pursue as appropriate.

This investment policy insures prudent investing, and adequate reporting of investment results and position to the OHA and public. It also provides for periodic reporting and annual approval.

Safety is assured by adherence to HUD approved investments. The restriction placed on allowable investment provides a degree of diversification to assure that potential loss on individual investments does not compromise 103
the remainder of the portfolio. The OHA is not permitted to invest in instruments, except those authorized by HUD.

Liquidity is addressed by the OHA and HUD to assure that the OHA is able to meet its operating requirements on a daily basis.

The final objective is earnings. The portfolio shall be designed to provide a reasonable rate of return throughout budgetary and economic cycles, considering the investment risk constraints and the cash flow characteristics of the portfolio.

The investment policy includes a delegation of authority from the OHA to an Investment Committee consisting of the Housing Director, Housing Finance Officer and Housing Accountant. This action continues to formalize procedures, which have been in place for a number of years.

The adoption of this investment policy and portfolio guidelines will not affect the operations of the OHA to any material extent. The investment policy does not contain any material alterations in policy or procedures of the OHA. The investment policy satisfies requirements of State law combined with the OHA’s and HUD’s existing requirements.

STRATEGIC PRIORITIES

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.

FINANCIAL IMPACT

There is no financial impact to the General Fund. There is also no impact to the OHA budget.

Prepared by: Emilio Ramirez, Housing Director

ATTACHMENTS

1. Resolution Adopting Investment Policy and Portfolio Guidelines FY 2024-2025

2. PowerPoint Presentation

104

HOUSING AUTHORITY OF THE CITY OF OXNARD
RESOLUTION NO.

A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING

AUTHORITY OF THE CITY OF OXNARD APPROVING ADOPTION OF AN

INVESTMENT POLICY AND INVESTMENT PORTFOLIO GUIDELINES FOR THE HOUSING AUTHORITY OF THE CITY OF OXNARD FOR FISCAL YEAR 2024-2025 I. WHEREAS, the U. S. Department of Housing & Urban Development has established requirements governing cash management and approved investment instruments for certain funds under the control of public housing authorities (HUD Notice PIH 2002-13); and II. WHEREAS, the Legislature of the State of California has declared that the deposit and investment of public funds by local officials and local agencies is an issue of statewide concern (California Government Code Section 53600.6); and III. WHEREAS, the legislative body of the Housing Authority may invest surplus monies not required for the immediate necessities of the local agency in accordance with the provisions of U.S. Department of Housing & Urban Development Notice PIH 2002-13 and California Government Code sections 5922 and 53600 et seq.; and
IV. WHEREAS, the Housing Finance Officer of the Housing Authority of the City of Oxnard (Authority) is required to annually prepare and submit a statement of investment policy and such policy, and any changes thereto, shall be considered by the Authority at a public meeting [California Government Code Section 53646(a)(b)]; and V. WHEREAS, the Board of Commissioners of the Authority ("Board") determines that the policy of the Authority is to invest funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the Authority and conforming to all statutes governing the investment of Authority funds.

NOW THEREFORE, the Board hereby adopts the Investment Policy of the Housing Authority of the City of Oxnard, which is attached hereto as Attachment A and incorporated herein by this reference. The Board also adopts the Investment Portfolio Guidelines dated July 1, 2024, which are attached hereto as Attachment B and incorporated herein by this reference. 105
Housing Resolution No.

Page 2 of 9 ends

APPROVED AND ADOPTED on this 18th day of June, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John C. Zaragoza, Chairman
ATTEST:

Rose Chaparro, Secretary Designate
Approved as to form:

Stephen M. Fischer, General Counsel
106
Housing Resolution No.

Page 3 of 9 ends

Attachment A

HOUSING AUTHORITY OF THE CITY OF OXNARD

INVESTMENT POLICY

1.0 INTRODUCTION
This policy is intended to provide guidance for the investing of surplus cash of the Housing Authority of the City of Oxnard (Authority). The U.S. Department of Housing and Urban Development (HUD) has established requirements governing cash management and approved investment instruments for certain funds under the control of Public Housing Authorities. The Legislature of the State of California (CGC 53600.6) has declared that the deposit and investment of funds by officials and local agencies is an issue of statewide concern. The Board of Commissioners of the Authority (Board) may invest surplus moneys not required for the immediate necessities of the Authority in accordance with the provisions of HUD Notice PIH 2002-13 and California Government Code Sections 5922 and 53600 et seq. The authority of the Board to invest or to reinvest funds, or to sell or exchange securities so purchased, may be delegated for a one-year period by the Board to the Housing Finance Officer of the Authority, who shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked or expires, and shall make a monthly report of those transactions to the Board. Subject to review, the Board may renew the delegation of authority pursuant to this section each year. The Housing Finance Officer of the Authority shall annually prepare and submit a statement of investment policy and such policy, and any changes thereto shall be considered by the Board at a public meeting. The policy of the Authority is to invest funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the Authority and conforming to all statutes governing the investment of Authority funds.

2.0 SCOPE
This investment policy applies to the Authority's pooled investment fund, which encompasses all money under the direct oversight of the Housing Finance Officer. These include the Public Housing Funds, Section 8 Voucher Funds, Grant Funds and the Central Fund. This policy is generally applicable to bond proceeds with consideration given to specific provisions of each issuance. Reports of the investment of bond proceeds are issued periodically by the Trustee and are not included in the Housing Finance Officer's quarterly report of the pooled investment fund.

The employee's retirement and deferred compensation funds are also not included.

3.0 PRUDENCE
Investments shall be made with foresight and care -- under circumstances then prevailing -- which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived.

3.1 The standard of prudence to be used by investment officials shall be the 'prudent person' standard and shall be applied in the context of managing an overall portfolio. Investment officers acting in accordance with written procedures and the investment policy and exercising due diligences shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments. 107
Housing Resolution No.

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4.0 OBJECTIVES
The Authority's cash management system is designed to accurately monitor and forecast revenues and expenditures thus enabling the Housing Finance Officer to invest funds to the fullest extent possible. The Housing Finance Officer shall maintain a portfolio, which accomplishes the primary objectives of safety, liquidity, and yield (in that order of priority).

4.1 Safety: According to HUD Notice PIH 2002-13, safety is achieved through adherence to the list of permitted investments which are backed by the full faith and credit of, or a guarantee of principal and interest by, the U. S. Government, a Government agency or issued by a Government sponsored agency, coupled with an appropriate maturity date.

4.2 Liquidity: All investments must be capable of being liquidated on one day’s notice.

4.3 Yield: The Authority should strive to achieve the highest yield consistent with the objectives of the Investment Policy.

5.0 DELEGATION OF AUTHORITY
Authority to manage the investment program is derived from Section 401 (E) of the HUD/PHA Annual Contributions Contract and California Government Code Sections 53607. Management responsibility for the investment program is hereby delegated to the Housing Finance Officer, who shall establish written procedures for the operation of the investment program consistent with Section 12.2 of this investment policy. Procedures should include references to: safekeeping, PSA repurchase agreements, wire transfer agreements, collateral/depository agreements and banking services contracts, as appropriate. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Housing Finance Officer. The Housing Finance Officer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of the investment committee. The Housing Finance Officer is a trustee and a fiduciary subject to the prudent investor standard. The other housing staff with signatory authority on Authority checking and other accounts is the Housing Director.

6.0 ETHICS AND CONFLICTS OF INTEREST
The Housing Finance Officer shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair the ability to make impartial investment decisions. The Housing Finance Officer is governed by the Political Reform Act of 1974 regarding disclosure of material financial interests.

7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS
The Housing Finance Officer shall transact business only with banks, savings and loans, securities dealers and approved State and county investment pools.

7.1 Authorization: The Authority may conduct business with major registered broker/dealers and with dealers designated Primary by the Federal Reserve provided all the following criteria are met.

Broker/Dealers must: 1) have offices located in the State of California, 2) be adequately capitalized, 3) locate markets for securities appropriate to the Authority needs, and 4) agree to abide by the conditions set forth in the Authority's Investment Policy and be among the authorized institutions approved by the City Treasurer.
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7.2 Certification: Before engaging in investment transactions with a broker/dealer, the Housing Finance Officer shall have received from said firm a signed certification that the responsible party from that firm has reviewed the Authority's Investment Policy. The Certification shall also state that the firm understands the policy and intends to present investment recommendations and transactions to the Authority that are appropriate under the terms and conditions of the Investment Policy.

8.0 AUTHORIZED AND SUITABLE INVESTMENTS
HUD Notice PIH 2002-13 states an Authority should compare the return of an ‘in house’ cash management program with a program managed by an agent. It also states the Authority may contract with an approved governmental unit such as a State agency established for this purpose, such as a Local Agency Investment Fund (LAIF). The Notice also sets forth the following HUD- approved investments. The types of HUD-approved investments may change from time to time. It is the responsibility of the Housing Finance Officer to stay informed of the latest California Government Code and HUD-approved investments. HUD approved investments may be further limited by California Government Code Section 53607.

8.1 U.S. Treasury Bills, Notes and Bonds

8.2 Obligations issued by Agency or Instrumentality of the U.S. Government.

8.3 State or Municipal Depository Funds, such as LAIF, or pooled cash investment funds managed by County Treasurers.

8.4 Insured Demand and Savings Deposits, provided that deposits in excess of the insured amounts must be 100% collateralized by securities listed in 8.1 or 8.2above.

8.5 Insured Money Market Deposit Accounts, provided that deposits in excess of the insured amount must be 100% collateralized by securities listed in 8.1 or 8.2above.

8.6 Insured Super NOW Accounts, provided that deposits in excess of the insured amount must be 100% collateralized by Securities listed in 8.1 or 8.2 above.

8.7 Negotiable Certificates of Deposit issued by Federally or state-chartered banks or associations.

Not more than 30% of surplus funds can be invested in certificates of deposit.

8.8 Repurchase/Reverse Repurchase Agreements of any securities authorized by this section (See special limits and qualifications in HUD Notice PIH 1999-48, and CGC53607).

8.9 Sweep Accounts that are 100% collateralized by securities listed in 8.1 or 8.2above.

8.10 Shares of beneficial interest issued by diversified management companies (money market mutual funds) investing in the securities and obligations authorized by this section. Such Funds must carry the highest rating of at least two national rating agencies. Not more than 20% of surplus funds can be invested in money market mutual funds.

8.11 Funds held under the terms of a Trust Indenture or other contract or agreement, including the HUD/PHA Annual Contributions Contract, may be invested according to the provisions of those indentures or contracts.

8.12 Principal only STRIPS (Separate Trading of Registered Interest and Principal of Securities).

8.13 Any other investment security authorized under the provisions of HUD Notice PIH 2002-13. 109
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8.14 Prohibit securities that take the form of inverse floaters, range notes, mortgage-backed interest-only strips and floating-rate investments without a floor.

9.0 COLLATERAL
Collateral requirements are addressed in HUD Notice PIH 2002-13 as well as California Government Code Section 53652. All Certificates of Deposits must be collateralized by US Treasury Obligations. Collateral must be held by a third party, and valued on a monthly basis.

10.0 SAFEKEEPING AND CUSTODY
Security transactions entered into by the Authority shall be conducted on a delivery-versus- payment (DVP) basis. Securities of duration exceeding 30 days to maturity shall be held by a third- party custodian designated by the Housing Finance Officer. Evidence of account for each time deposit will be held in the Housing Authority safe.

11.0 DIVERSIFICATION
In an effort to reduce portfolio risk while attaining market average rates, the Authority's portfolio will be suitably diversified by type and institution.

11.1 With the exception of U. S. Treasury securities and authorized pools, no more than 50 percent of the total portfolio will be invested in a single security type. Investments are further limited by specific language relating to each investment type as stated in Section 8 of this Policy.

11.2 To the extent possible, the Housing Finance Officer will attempt to match investments with anticipated cash flow requirements. Operating reserve funds may not be invested in securities exceeding five years (maturity of such investments should coincide as nearly as practicable with expected use of funds).

12.0 INTERNAL CONTROLS
A system of internal controls will be maintained to assure compliance with Federal and State regulations, Board direction, and prudent cash management procedures.

12.1 Investment Review Committee: The Housing Director, Housing Finance Officer, and Housing Accountant are the members of the Investment Review Committee tasked with quarterly review of procedures and adherence to this Investment Policy.

12.2 Investment Portfolio Guidelines: Guidelines have been established for procedures within the Housing Finance Officer's office to assure internal investment controls and a segregation of responsibilities of investment functions. (Attachment B)

12.3 Annual Audit: The Authority portfolio is included in the Independent Auditors’ scope of examination during testing of the Authority’s financial management at the annual audit.

13.0 REPORTING
The Housing Finance Officer shall provide investment information to the Board.

13.1 Periodic Reports: The Housing Finance Officer will provide detailed reports of the investments in the pooled investment fund portfolio on a quarterly basis to the Housing Commission. Within thirty days of the end of each quarter, these reports will be provided with such additional information as market pricing. Summarized reports from Trustees regarding investments of bond proceeds will be provided as they become available. 110
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13.2 Annual Report: This Investment Policy will be presented annually, following the close of the fiscal year, to the Board for approval. Each of the four quarterly reports, which are submitted to the commission as briefing reports, will provide a detailed report of the current status of the portfolio.
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Attachment B

HOUSING AUTHORITY OF THE CITY OF OXNARD

INVESTMENT PORTFOLIO GUIDELINES
July 1, 2024

1.0 INTRODUCTION
These guidelines are established to direct and control investment activities in such a manner to assure that the goals established in the Investment Policy are attained.

2.0 GENERAL FACTORS
Several factors must be considered in preparation for effective portfolio management.

2.1 Cash Forecast. The projected cash flow of the Authority shall be prepared annually, and updated as required throughout the year. A close working relationship with Authority Divisions having a significant impact on cash flow is maintained to maximize the efficiency of the Investment Program.

2.2 Pooled Cash. Whenever practical, the Authority cash will be consolidated into one bank account and invested on a pooled concept basis. Interest earnings are allocated according to the average daily balances specific to fund ledger balances. No Authority bank account may be opened without the knowledge and consent of the Housing Finance Officer.

2.3 Authorized Institution. A list of institutions that meet the criteria of the Investment Policy and have been authorized by the Housing Finance Officer to do business with the Authority will be established, maintained and regularly updated. Investment transactions will be executed only with approved broker/dealers, banks, and savings and loans.

3.0 INVESTMENT PROCEDURES
The Housing Finance Officer has developed internal investment procedures to provide for effective cash management. Segregation of responsibilities is maintained to assure an adequate system of internal control over the investment function.

3.1 Investment Transactions. The Housing Finance Officer will authorize investment transactions.

In his/her absence, the Housing Director will execute transactions as prescribed by the Housing Finance Officer prior to the absence.

3.2 Wire Transfers. The Authority will use pre-formatted wire transfers to restrict the transfer of funds to pre-authorized accounts only. All wire transfers require an initiator plus an approval by an authorized employee.

3.3 Safekeeping. Securities purchased from broker/dealers (on which maturity is greater than 30 days) shall be held in third party safekeeping. All purchases will be on a delivery versus-payment basis. Evidences of accounts for certificates of deposit will be issued in the Authority name and held in Housing Finance Officer’s safe.

4.0 INVESTMENT CRITERIA
All investments will be made in compliance with Federal, State, and Local laws governing the investment of Authority funds, and in accordance with the Authority’s Investment Policy. 112
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4.1 Maturity of Investment. Investments longer than one year may be made if consistent with the Authority cash flow needs and related intent of holding until maturity. Securities may be sold prior to maturity for cash flow purposes or to otherwise enhance the portfolio. If the rating of any depository declines to an unacceptable level prior to the maturity of an investment of Authority funds, the investment will be matured at the earliest possible convenience. If the rating drops below the allowable level of any one of the rating services, the investment will be sold if no significant loss of principal is involved. Housing Finance Officer will determine such sales.

4.2 Certificate of Deposit Evaluation. Time Certificates of Deposit shall be evaluated in terms of FDIC coverage. For deposits in excess of the insured maximum of $100,000, approved collateral shall be required at the percentage above market value as specified by HUD Notice PIH 2002-13 and CGC Section 53651 and 53652.

5.0 INTERNAL CONTROL OF INVESTMENTS
Investment transactions are controlled through distribution of responsibilities within the Housing Finance Officer’s office by the following procedures:

5.1 The Housing Finance Officer initiates each investment transaction.

5.2 A journal entry detailing the investment is prepared by the Housing Accountant and approved by the Housing Finance Officer.

5.3 The journal entry entered on a cash balance spread sheet by the Housing Accountant.

5.4 At month end the book balances, maintained by the Housing Accountant, must balance with the portfolio balance maintained independently by the Housing Accountant. 113
Investment Policy and Portfolio Guidelines Housing
Authority of the City of Oxnard
Emilio Ramirez, Director
Housing Department
Finance and Governance Committee
May 28, 2024
114
Investment Policy and Portfolio Guidelines 2
The Department of Housing and Urban Development requires the Housing Authority of the City of Oxnard to adopt an investment policy each year to govern investment of funds on deposit including:

1. Funds for current transactions

2. Capital or development funds

3. Funds exceeding daily requirements

4. Operation reserve funds
The OHA regularly invests excess cash utilizing a combination of in-house efforts and the State of California Local Agency Investment Fund as permitted by HUD. The OHA is not permitted to invest in instruments, except those authorized by HUD.

Staff recommends continuing the practice through FY 2024-2025 because it is safe and cost effective.
115
Investment Policy and Portfolio Guidelines

1. The investment policy and portfolio guidelines ensure prudent investing and adequate reporting of investment results. The investment portfolio is structured with the goal of earning a reasonable rate of return throughout budgetary constraints and economic cycles.

2. The guidelines include a delegation of authority from the OHA to an Investment Committee consisting of the Housing Director, Housing Finance Officer and Housing Accountant.

3. The adoption of this investment policy and portfolio guidelines will not affect the operations of the OHA and do not contain any material alterations in policy or procedures of the OHA.
3 116
Recommendation
That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard approve a resolution adopting an investment policy and portfolio guidelines for the Housing Authority of the City of Oxnard for FY 2024-2025
4 117
118

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.4

DATE: May 28, 2024

TO: Finance & Governance Committee

FROM: Emilio Ramirez, Housing Director, (805) 385-8094, [email protected]

SUBJECT: Housing Authority Low Rent Public Housing and Housing Choice Voucher Program Section 8 Budgets for Fiscal Year 2024-2025. (15 minutes)

RECOMMENDATION

That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard:

1. Adopt a resolution approving the recommended $8,042,472 operating budgets for the Low Rent Public Housing Program for Fiscal Year 2024-2025, as presented for each project area, and approve and authorize the use of $693,999 of unrestricted cash to fund the projected deficit.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/jArxu29YvSw

BACKGROUND

Annual Operating Budgets for the Low Rent Public Housing Program (LRPH) and the Housing Choice Voucher Program Section 8 (HCV) are to be submitted by the Housing Authority of the City of Oxnard (OHA) to the United States Department of Housing and Urban Development (HUD) prior to the start of each fiscal year.

The LRPH budget pertains exclusively to the 523 public housing units that are owned and operated by the OHA. The program is subject to asset management regulations which require each public housing project to be funded and budgeted independently, as is the Central Office Cost Center (COCC). The LRPH program is funded primarily with two sources of income including tenant rental income and operating subsidy from HUD.

The amount of operating subsidy received is based upon a HUD determined formula, which considers the estimated costs to run each Public Housing development and reduces that by the amount of tenant rental income received by each development. The COCC collects all the indirect administrative costs that do not show a direct benefit to a project. These costs are offset by HUD's determined fee revenues generated from public housing including management fees, bookkeeping fees, and asset management fees.

The HCV budget pertains exclusively to 1,824 Housing Choice Vouchers, forty-six Emergency Housing 119
Vouchers and forty Mainstream Vouchers administered by the OHA. The budget is comprised of two parts including the housing assistance payments paid to property owners to subsidize rent and the administrative fees used to operate the administration of the HCV program. Funding is provided by Congress annually through an appropriation process. Most agencies receive renewal funding each year, based on the number and cost of the authorized vouchers in use during the prior year, adjusted for inflation. Funding for new vouchers awarded to the agency and administrative costs are provided separately.

DISCUSSION

The recommended operating budget for all public housing projects under the LRPH program is $8,042,472. Of this amount, $1,354,649 consists of indirect administrative costs which HUD categorizes as the COCC. The operating budget, if adopted as recommended, would result in a deficit of $276,134 for the COCC, and the combined project sites have a deficit of $417,865 totaling $693,999.

The recommended operating budget for the HCV program is $34,177,979. The housing assistance payment portion of the program is anticipated to be approximately $30,816,000. These funds are rental subsidies passed directly through the OHA from HUD to landlords. The administrative operations fees are estimated to be $3,361,979, which will result in a deficit of $436,417.

STRATEGIC PRIORITIES

FINANCIAL IMPACT

As of March 31, 2024, the OHA’s COCC Unrestricted Cash and Investments are approximately $1,200,000 or 89% of annual indirect administrative operating costs. It is anticipated that the OHA will require the use of approximately $276,134 in COCC cash reserves in Fiscal Year 2024-2025. This will leave a balance of $923,866 in the COCC Unrestricted Cash and Investments funds. This amount represents 68% of the LRPH Program’s annual operating indirect administrative costs. There is no fiscal impact to the City.

As of March 31, 2024, the project sites had in excess of $11,900,000 in Unrestricted Cash and Investments. It is anticipated that the public housing projects will require the use of $417,865 of cash reserves. These funds are restricted in the sense that they cannot be used to fund deficits of the Central Office Cost Center, nor can they be used to fund the Housing Choice Voucher program’s deficit. There is no fiscal impact to the City.

As of March 31, 2024, the HCV Program’s Unrestricted Cash and Investments are $2,500,000 or 74% of annual operating costs. It is anticipated that the OHA will require the use of approximately $436,417 of these funds in Fiscal Year 2024-2025. This will leave a balance of $2,063,583 which represents 61% of the annual operating costs. There is no fiscal impact to the City.

Prepared by: Emilio Ramirez, Housing Director

ATTACHMENTS

1. LRPH Budget

2. LRPH Resolution

3. HCV Budget

4. HCV Resolution

5. HUD Form 52574
120

6. Presentation

121
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Budget Budget Budget Budget Budget Budget Budget Budget Budget Revenue & Expenses
INCOME

TENANT INCOME
Rental Income
Tenant Rent 0 1,362,867 912,065 1,089,775 225,972 1,082,496 453,072 0 5,126,247 Total Rental Income 0 1,362,867 912,065 1,089,775 225,972 1,082,496 453,072 0 5,126,247 Other Tenant Income
Laundry and Vending 0 0 0 0 2,254 0 8,333 0 10,587
Maintenance Charge 0 3,015 1,082 5,785 572 14,309 1,747 0 26,510 Late Charges 0 100 25 50 100 125 75 0 475
NSF Charges 0 25 0 125 50 25 0 0 225
Cable Charges 0 15,876 11,114 16,194 7,938 14,765 15,876 0 81,763 Total Other Tenant Income 0 19,016 12,221 22,154 10,914 29,224 26,031 0 119,560 NET TENANT INCOME 0 1,381,883 924,286 1,111,929 236,886 1,111,720 479,103 0 5,245,807

GRANT INCOME
HUD PHA Operating Grants/Subsidy 0 2,215 1,551 67,157 170,608 2,114 328,682 0 572,327 TOTAL GRANT INCOME 0 2,215 1,551 67,157 170,608 2,114 328,682 0 572,327

OTHER INCOME
Investment Income-Unrestricted 14,100 101,970 71,795 76,820 28,430 61,945 56,230 118,352 529,642 Management Fee Income 0 0 0 0 0 0 0 778,350 778,350
Asset Mgmt Fee Income 0 0 0 0 0 0 0 62,760 62,760
Bookkeeping Fee Income 0 0 0 0 0 0 0 46,131 46,131
Fee for Service Income 0 0 0 0 0 0 0 25,322 25,322
IT Fees 0 0 0 0 0 0 0 15,613 15,613
FFS income - outside party 0 0 0 0 0 0 0 10,871 10,871
IT Fees - outside party 0 0 0 0 0 0 0 11,400 11,400
Non-Dwelling Rental Income 7,000 0 0 32,232 0 0 0 9,431 48,663 Misc Other Income 0 371 216 180 50 264 221 285 1,587
TOTAL OTHER INCOME 21,100 102,341 72,011 109,232 28,480 62,209 56,451 1,078,515 1,530,339 TOTAL INCOME 21,100 1,486,439 997,848 1,288,318 435,974 1,176,043 864,236 1,078,515 7,348,473

OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025 Budget

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OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025 Budget

EXPENSES

ADMINISTRATIVE
Administrative Salaries
Administrative Salaries 0 83,492 73,035 109,953 78,841 172,241 83,239 689,757 1,290,558 Employee Benefit Contribution-Admin 0 62,030 52,840 82,844 56,464 128,008 59,619 405,329 847,134 Total Administrative Salaries 0 145,522 125,875 192,797 135,305 300,249 142,858 1,095,086 2,137,692 Legal Expense
Criminal Background Checks 0 160 90 105 75 239 160 0 829 Tenant Screening 0 3,097 1,631 1,890 70 2,071 225 0 8,984 General Legal Expense 0 0 430 0 0 0 0 0 430
Total Legal Expense 0 3,257 2,151 1,995 145 2,310 385 0 10,243 Other Admin Expenses
Staff Training 0 470 670 683 335 678 670 2,000 5,506
Auditing Fees 0 2,161 1,513 2,161 1,081 2,168 2,161 0 11,245 Management Fee 0 116,083 81,258 118,405 58,042 117,245 116,083 0 607,116 Asset Management Fees 0 12,000 8,400 12,240 6,000 12,120 12,000 0 62,760 Bookkeeping Fees 0 8,820 6,174 8,997 4,410 8,910 8,820 0 46,131 Total Other Admin Expenses 0 139,534 98,015 142,486 69,868 141,121 139,734 2,000 732,758 Miscellaneous Admin Expenses
Membership and Fees 0 104 75 110 40 108 80 1,150 1,667
Publications 0 103 75 105 42 108 85 0 518
Advertising 0 350 245 355 130 352 251 0 1,683
Office Supplies 0 225 160 300 165 284 170 450 1,754
Fuel-Administrative 0 125 110 120 70 278 105 1,515 2,323 City Overhead 400 12,783 10,257 18,126 6,478 25,440 9,823 41,766 125,073 Telephone 0 1,450 1,150 3,682 8,383 2,449 8,431 4,825 30,370 Postage 0 620 395 626 160 593 280 1,453 4,127
Paper 0 225 155 225 111 225 225 716 1,882
Copiers 0 1,000 695 1,001 470 1,002 940 2,730 7,838
Printer Supplies/Services 0 400 280 375 280 455 445 500 2,735 Misc Computer Equipment 0 1,335 950 4,836 85 2,254 3,171 6,955 19,586 Internet 0 915 641 1,011 1,392 1,027 1,392 2,415 8,793
Software/Maintenance Fees 0 6,000 3,800 6,250 0 6,125 7,900 8,370 38,445 Cell Phones/Pagers 15 436 351 881 300 1,426 505 2,603 6,517 Small Office Equipment 0 65 25 30 15 46 25 230 436

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Budget Budget Budget Budget Budget Budget Budget Budget Budget

OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025 Budget
Bank Fees 0 0 0 0 0 0 0 14,250 14,250
Cable Charges 0 16, 430 11,406 16,755 8,215 16,585 16,429 0 85,820 Other Misc Admin Expenses 0 46 35 50 25 84 103 350 693
Storage 224 111 78 270 40 192 45 460 1,420
Total Miscellaneous Admin Expenses 639 42,723 30,883 55,108 26,401 59,033 50,405 90,738 355,930 TOTAL ADMINISTRATIVE EXPENSES 639 331,036 256,924 392,386 231,719 502,713 333,382 1,187,824 3,236,623

TENANT SERVICES
Resident Council 0 1,336 904 1,310 648 1,175 1,269 0 6,642 Other Tenant Svcs.-OHA 0 891 603 873 432 782 846 0 4,427 Tenant Services Contract Costs 0 1,764 1,236 3,600 2,400 3,000 2,400 0 14,400 Resident Services 0 1,150 803 1,170 574 1,160 1,150 0 6,007 TOTAL TENANT SERVICES EXPENSES 0 5,141 3,546 6,953 4,054 6,117 5,665 0 31,476

UTILITIES
Water 0 62,140 47,940 66,546 13,140 61,877 23,775 2,465 277,883 Electricity 4,700 10,097 10,880 22,856 57,880 17,044 80,520 20,592 224,569 Electricity-Vacant Units 0 0 235 1,036 0 533 0 0 1,804
Gas 0 985 694 1,567 16,436 1,386 37,865 850 59,783
Gas-Vacant Units 0 430 233 336 0 876 0 0 1,875
Garbage/Trash Removal 0 48,940 64,050 69,037 5,574 70,427 11,056 2,345 271,429 Dump Expense 755 1,135 1,111 1,451 60 981 200 0 5,693
Sewer 0 53,685 39,114 49,280 12,460 48,150 25,000 610 228,299 TOTAL UTILITY EXPENSES 5,455 177,412 164,257 212,109 105,550 201,274 178,416 26,862 1,071,335

MAINTENANCE AND OPERATIONS
General Maint Expense
Maintenance Salaries 0 76,771 38,855 112,056 35,093 150,537 48,149 12,653 474,114 Maintenance Labor-Grounds 8,204 30,364 37,600 83,840 13,926 68,088 37,708 26,266 305,996 Maint-On Call Service 0 2,595 1,815 2,615 1,296 2,653 2,592 0 13,566 Maintenance - Temporary Labor 2,175 12,468 8,728 12,717 6,234 12,592 12,468 0 67,382 Maintenance OT 0 13,530 5,358 13,849 6,470 12,812 15,633 3,053 70,705 Grounds - OT 3,161 0 0 0 0 0 0 0 3,161
Employee Benefits Contribution-Maint. 4,754 76,891 55,787 131,811 29,693 145,349 51,450 23,220 518,955 Maintenance Uniforms 30 425 288 465 205 889 405 420 3,127 Vehicle Gas, Oil, Grease 230 4,950 2,735 5,190 1,580 7,661 2,420 1,325 26,091

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OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025 Budget
Total General Maint Expense 18,554 217,994 151,166 362,543 94,497 400,581 170,825 66,937 1,483,097 Materials
Supplies-Paint 0 7,605 1,350 4,071 1,110 4,935 2,050 0 21,121 Supplies-Grounds 2,295 775 1,020 1,440 60 1,281 760 0 7,631 Supplies-Appliance 0 19,096 11,765 18,045 7,605 22,825 13,450 0 92,786 Supplies-Plumbing 0 11,080 9,951 36,500 3,545 6,717 11,890 0 79,683 Supplies-Electrical 0 8,148 4,191 22,460 3,602 2,835 9,840 350 51,426 Supplies-Building Repairs 0 6,815 3,022 15,830 1,585 15,259 5,165 300 47,976 Supplies-Windows 0 1,875 613 2,719 320 520 195 0 6,242
Supplies-Locks 0 955 888 3,718 875 669 945 300 8,350
Supplies-Janitorial/Cleaning 0 860 605 1,690 290 696 2,605 1,100 7,846 Supplies-Safety 0 1,015 850 1,738 508 864 910 340 6,225 Tools and Equipment 0 2,091 1,402 1,381 552 921 1,370 0 7,717 Grounds Tools and Equipment 0 110 120 253 242 465 550 350 2,090 Total Materials 2,295 60,425 35,777 109,845 20,294 57,987 49,730 2,740 339,093 Contract Costs
Contract-Fire Alarm/Extinguisher 0 2,207 1,325 4,448 4,967 2,227 6,570 810 22,554 Contract-Building Repairs-Misc 0 2,135 7,735 84,232 1,792 22,014 1,760 0 119,668 Contract-Unit Turnaround 0 3,300 950 2,540 150 3,600 1,175 0 11,715 Contract-Painting 0 221,000 150,000 0 0 46,100 0 0 417,100 Contract-Electrical 0 350 345 9,055 560 384 0 0 10,694
Contract-Pest Control 0 1,375 675 13,205 6,395 2,251 14,700 0 38,601 Contract-Floor Covering 0 0 9,180 20,070 6,035 19,402 7,085 0 61,772 Contract-Grounds 25,000 1,360 7,965 5,135 300 7,454 1,900 0 49,114 Contract-Janitorial/Cleaning 0 3,067 2,150 9,670 9,392 3,073 10,340 10,092 47,784 Contract-Plumbing 0 6,345 3,650 13,245 4,892 8,299 6,485 185 43,101 Contract-HVAC 0 698 500 1,506 3,530 1,716 21,310 5,000 34,260 Contract-Vehicle Maintenance 175 4,240 3,000 2,015 890 3,096 1,580 3,455 18,451 Contract-Equipment Rental 0 250 75 580 0 0 210 0 1,115
Contract-Equipment Repair 0 2,400 1,670 2,000 310 675 380 0 7,435 Contract-Elevator Maintenance 0 0 0 0 5,831 0 5,775 2,520 14,126 Contract-Alarm Monitoring 0 590 420 1,452 11,315 664 1,251 1,000 16,692 Contract-Tree Trimming 0 4,500 4,000 7,000 1,500 4,160 4,000 4,000 29,160 Contract-IT Contracts 0 1,322 1,125 2,430 2,925 2,331 5,480 0 15,613 Contract Costs-Other 0 1,858 1,305 1,870 2,925 1,869 1,860 0 11,687 Total Contract Costs 25,175 256,997 196,070 180,453 63,709 129,315 91,861 27,062 970,642

Page 4 of 5 ends

125
311 312 313 314 315 317 318 cocc Total
Budget Budget Budget Budget Budget Budget Budget Budget Budget

OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025 Budget
TOTAL MAINTENANCE EXPENSE 46,024 535,416 383,013 652,841 178,500 587,883 312,416 96,739 2,792,832

GENERAL EXPENSES
WC Insurance 952 13,454 9,747 24,035 6,541 27,106 10,984 26,291 119,110 Auto Insurance 648 10,032 6,900 11,020 4,255 15,604 8,378 10,478 67,315 Property Insurance 0 44,635 40,795 58,041 30,150 48,831 54,805 4,197 281,454 General Liability Insurance 1,513 5,480 3,837 6,200 1,941 5,089 3,883 765 28,708 Fidelity Insurance 0 214 149 218 107 216 214 62 1,180
City-Umbrella Policy 1,410 5,109 3,577 5,779 1,810 4,744 3,620 713 26,762 Broker Fees 182 2,827 2,415 3,538 1,713 3,270 3,160 718 17,823 Cyber Liability Insurance 1,770 766 547 1,003 577 903 1,041 0 6,607 Payments in Lieu of Taxes 0 10,091 6,680 11,438 12,185 7,307 26,604 0 74,305 Bad Debt-Tenant Rents 1,526 3,076 1,000 2,000 1,000 8,962 2,000 0 19,564 Security/Law Enforcement 7,346 22,034 15,424 22,475 0 22,034 0 0 89,313 TOTAL GENERAL EXPENSES 15,347 117,718 91,071 145,747 60,279 144,066 114,689 43,224 732,141 Asset Purchases 0 6,692 4,685 6,826 3,346 6,760 6,692 0 35,001 NON OPERATING EXPENSE 0 6,692 4,685 6,826 3,346 6,760 6,692 0 35,001

HOUSING ASSISTANCE PAYMENTS
PH Tenant URP 0 3,012 0 1,836 0 516 0 0 5,364
PH FSS Escrow Payments 0 63,540 10,476 51,684 0 12,000 0 0 137,700 TOTAL HOUSING ASSISTANCE PAYMENTS 0 66,552 10,476 53,520 0 12,516 0 0 143,064 TOTAL EXPENSES 67,465 1,239,967 913,972 1,470,382 583,448 1,461,329 951,260 1,354,649 8,042,472 NET INCOME (46,365)$ 246,472 83,876 (182,064)$ (147,474)$ (285,286)$ (87,024)$ (276,134)$ (693,999)$

Page 5 of 5 ends

126

HOUSING AUTHORITY OF THE CITY OF OXNARD
RESOLUTION NO. _________

A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING

AUTHORITY OF THE CITY OF OXNARD APPROVING AND ADOPTING THE LOW RENT PUBLIC HOUSING PROGRAM OPERATING BUDGETS FOR FISCAL YEAR 2024- 2025
I. WHEREAS, the Housing Authority of the City of Oxnard (“OHA”) has prepared the Low Rent Public Housing Program operating budgets now totaling $8,042,472 for the fiscal year 2024-2025; and
II. WHEREAS, the budgeted expenditures are necessary for the efficient and economical operation of OHA for the purpose of serving low-income families; and III. WHEREAS, the budgets for the fiscal year 2024-2025 indicate a source of funding adequate to cover all proposed expenditures; and
IV. WHEREAS, the budgeted expenditures will be consistent with the provisions of law and the Annual Contribution Contract; and
V. WHEREAS, the United States Department of Housing and Urban Development requires OHA to certify that no OHA employee is serving in a variety of positions which will exceed a 100% allocation of their time.

NOW THEREFORE, the Board of Commissioners of the Housing Authority of the City of Oxnard resolves as follows:

1. That the Low Rent Public Housing Program Operating Budgets (“Operating Budgets”) for the fiscal year 2024-2025 totaling $8,042,472 on file at the Housing Department and incorporated full herein by this reference is approved and adopted.

2. That no OHA employee reflected in the Operating Budgets is serving in a variety of positions which will exceed 100% allocation of their time.

APPROVED AND ADOPTED by the Board of Commissioners of the Housing Authority of the City of Oxnard at a regular meeting of said Board held on the 18 th day of June, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John C. Zaragoza, Chairman
ATTEST:
127
Resolution No.

Page 2 of 2 ends

Rose Chaparro, Secretary Designate
Approved as to form:

Stephen M. Fischer, General Counsel
128
Administrative Housing Assistance Total
Budget Payment Budget Budget
Revenue & Expenses
INCOME

GRANT INCOME
HAP Income
30,
814,500 30,814,500
Adm Fee Income 2,654,142 2,654,142
Port-In Adm Fee 13,788 13,788
Port-In HAP 192,588 192,588
TOTAL GRANT INCOME 2,860,518 30,814,500 33,675,018

OTHER INCOME
Investment Income-Unrestricted 63,544 63,544
Fraud Recovery-Adm Fee 1,500 1,500
Fraud Recovery-HAP - 1,500 1,500
TOTAL OTHER INCOME 65,044 1,500 66,544
TOTAL INCOME 2,925,562 30,816,000 33,741,562

EXPENSES

ADMINISTRATIVE
Administrative Salaries
Administrative Salaries 1,577,453 1,577,453
Administrative Temp Help 55,682 55,682
Employee Benefit Contribution-Admin 1,068,831 1,068,831 Total Administrative Salaries 2,701,966 2,701,966
Legal Expense
Criminal Background Checks 7,715 7,715
Tenant Screening 25,445 25,445
General Legal Expense 500 500
Total Legal Expense 33,660 33,660
Other Admin Expenses
Staff Training 4,000 4,000
Travel 410 410
Auditing Fees 36,750 36,750
Port-Out Adm Fee Paid 18,900 18,900
Consultants 7,900 7,900
Total Other Admin Expenses 67,960 67,960
Miscellaneous Admin Expenses

OXNARD HOUSING AUTHORTIY
HOUSING CHOICE VOUCHER PROGRAM SECTION 8
PROPOSED FY 2025 BUDGET

Page 1 of 4 ends

129
Administrative Housing Assistance Total
Budget Payment Budget Budget

OXNARD HOUSING AUTHORTIY
HOUSING CHOICE VOUCHER PROGRAM SECTION 8
PROPOSED FY 2025 BUDGET
Membership and Fees 3,228 3,228
Publications 823 823
Advertising 2,635 2,635
Office Supplies 2,585 2,585
Fuel-Administrative 2,965 2,965
City Overhead 82,316 82,316
Telephone 8,950 8,950
Postage 17,060 17,060
Paper 1,860 1,860
Copiers 5,150 5,150
Printer Supplies/Services 2,350 2,350
Misc Computer Equipment 10,580 10,580
Internet 1,812 1,812
Software/Maintenance Fees 63,650 63,650
Cell Phones/Pagers 3,215 3,215
Small Office Equipment 550 550
Bank Fees 5,000 5,000
Other Misc Admin Expenses 1,150 1,150
Storage 12,521 12,521
Total Miscellaneous Admin Expenses 228,400 228,400
TOTAL ADMINISTRATIVE EXPENSES 3,031,986 3,031,986

UTILITIES
Water 836 836
Electricity 10,290 10,290
Gas 1,130 1,130
Garbage/Trash Removal 750 750
Sewer 286 286
TOTAL UTILITY EXPENSES 13,292 13,292

MAINTENANCE AND OPERATIONS
General Maint Expense
Maintenance Salaries 3,965 3,965
Maintenance Labor-Grounds 7,623 7,623
Maintenance OT 340 340
Employee Benefits Contribution-Maint. 8,356 8,356
Maintenance Uniforms 288
288
Vehicle Gas, Oil, Grease 360 360
Total General Maint Expense 20,932 20,932
Materials

Page 2 of 4 ends

130
Administrative Housing Assistance Total
Budget Payment Budget Budget

OXNARD HOUSING AUTHORTIY
HOUSING CHOICE VOUCHER PROGRAM SECTION 8
PROPOSED FY 2025 BUDGET
Supplies-Grounds 261 261
Supplies-Electrical 470 470
Supplies-Building Repairs 100 100
Supplies-Locks 35 35
Supplies-Janitorial/Cleaning 1,800 1,800
Supplies-Safety 485 485
Grounds Tools and Equipment 20 20
Total Materials 3,171 3,171
Contract Costs
Contract-Fire Alarm/Extinguisher 48 48
Contract-Electrical 2,870 2,870
Contract-Janitorial/Cleaning 8,700 8,700
Contract-HVAC 2,600 2,600
Contract-Vehicle Maintenance 4,750 4,750
Contract-Alarm Monitoring 465 465
Contract-Tree Trimming 860 860
Total Contract Costs 20,293 20,293
TOTAL MAINTENANCE EXPENSE 44,396 44,396

GENERAL EXPENSES
WC Insurance 24,564 24,564
Auto Insurance 7,265 7,265
Property Insurance 1,975 1,975
General Liability Insurance 10,538 10,538
Fidelity Insurance 62 62
City-Umbrella Policy 9,823 9,823
Broker Fees 1,680 1,680
Cyber Liability Insurance 16,466 16,466
Security/Law Enforcement 7,344 7,344
Port-In HAP Expense 192,588 192,588
TOTAL GENERAL EXPENSES 272,305 272,305

HOUSING ASSISTANCE PAYMENTS
Housing Assistance Payments 30,131,546 30,131,546 HCV Tenant URP 80,445 80,445
Port-Out HAP 384,225 384,225
HCV FSS Escrow Payments 219,784
219,784
TOTAL HOUSING ASSISTANCE PAYMENTS - 30,816,000 30,816,000

Page 3 of 4 ends

131
Administrative Housing Assistance Total
Budget Payment Budget Budget

OXNARD HOUSING AUTHORTIY
HOUSING CHOICE VOUCHER PROGRAM SECTION 8
PROPOSED FY 2025 BUDGET
TOTAL EXPENSES 3,361,979 30,816,000 34,177,979 NET INCOME (436,417) (436,417)

Page 4 of 4 ends

132

HOUSING AUTHORITY OF THE CITY OF OXNARD
RESOLUTION NO. _________

A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING

AUTHORITY OF THE CITY OF OXNARD APPROVING AND ADOPTING THE HOUSING CHOICE VOUCHER PROGRAM SECTION 8 OPERATING BUDGET FOR FISCAL YEAR 2024-2025
I. WHEREAS, the Housing Authority of the City of Oxnard (“OHA”) has prepared a Housing Choice Voucher Program Section 8 operating budget of $34,177,979 for the fiscal year 2024-2025; and
II. WHEREAS, the budgeted expenditures are necessary for the efficient and economical operation of OHA for the purpose of serving low-income families; and III. WHEREAS, the budget for the fiscal year 2024-2025 indicates a source of funding adequate to cover all proposed expenditures; and
IV. WHEREAS, the budgeted expenditures will be consistent with the provisions of law and the Annual Contribution Contract; and
V. WHEREAS, the United States Department of Housing and Urban Development requires OHA to certify that no OHA employee is serving in a variety of positions which will exceed a 100% allocation of their time.

NOW THEREFORE, the Board of Commissioners of the Housing Authority of the City of Oxnard resolves as follows:

1. That the Housing Choice Voucher Program Section 8 Operating Budget (“Operating Budget”) for the fiscal year 2024-2025 totaling $34,177,979 available on file at the Housing Department and incorporated in full herein by this reference is approved and adopted.

2. That no OHA employee reflected in the Operating Budget is serving in a variety of positions which will exceed 100% allocation of their time.

APPROVED AND ADOPTED by the Board of Commissioners of the Housing Authority of the City of Oxnard at a regular meeting of said Board held on the 18 th day of June, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

John C. Zaragoza, Chairman
ATTEST:
133
Resolution No.

Page 2 of 2 ends

Rose Chaparro, Secretary Designate
Approved as to form:

Stephen M. Fischer, General Counsel
134
(exp. 06/30/2022)
PHA Board Resolution U.S. Department of Housing OMB No. 2577-0026 Approving Operating Budget and Urban Development Office of Public and Indian Housing -
Real Estate Assessment Center (PIH-REAC)

form HUD-52574 (06/2019) Previous editions are obsolete Public reporting burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

This information is required by Section 6(c)(4) of the U.S. Housing Act of 1937. The information is the operating budget for the low -income public housing program and provides a summary of the proposed/budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specified amounts. HUD reviews the information to determine if the operating plan adopted by the public housing agency (PHA) and the amounts are reasonable, and that the PHA is in compliance with procedures prescribed by HUD. Responses are required to obtain benefits. This information does not lend itself to confidentiality.

PHA Name: PHA Code:

Board Resolution Number:

Acting on behalf of the Board of Commissioners of the above -named PHA as its Chairperson, I make the following certifications and agreement to the Department of Housing and Urban Development (HUD) regarding the Board’s approval of (check one or more as applicable):

DATE

Operating Budget approved by Board resolution on:

Operating Budget submitted to HUD, if applicable, on:

Operating Budget revision approved by Board resolution on:

Operating Budget revision submitted to HUD, if applicable, on:

I certify on behalf of the above-named PHA that:

1. All statutory and regulatory requirements have been met;

2. The PHA has sufficient operating reserves to meet the working capital needs of its developments;

3. Proposed budget expenditure are necessary in the efficient and economical operation of the housing for the purpose of serving low-income residents;

4. The budget indicates a source of funds adequate to cover all proposed expenditures;

5. The PHA will comply with the wage rate requirement under 24 CFR 968.110(c) and (f); and

6. The PHA will comply with the requirements for access to records and audits under 24 CFR 968.110(i).

I hereby certify that all the information stated within, as well as any information provided in the accompaniment herewith, if applicable, is true and accurate.

Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012.31, U.S.C. 3729 and 3802)

Print Board Chairperson’s Name:

Signature: Date:

PHA Fiscal Year Beginning:

City of Oxnard Housing Authority
CA031
July 1, 2024
06/18/2024
John C. Zaragoza
135
Fiscal Year 2024 – 2025 Budget
Housing Authority of the City of Oxnard
Emilio Ramirez, Director
Housing Department
Finance and Governance Committee
May 28, 2024
136
FY 2024-25 Public Housing Budget 2
The Low Rent Public Housing Program budget pertains to the 523 public housing units owned and operated by the Housing Authority of the City of Oxnard

1. The United States Department of Housing and Urban Development requires program budgets to be submitted by July 1st

2. Each project area is funded and budgeted separately

3. HUD establishes the estimated cost to run each project area using a project expense formula, which is the prior year’s tenant rent + utility expenses = estimated subsidy eligibility

4. Overall recommended budget is $8,042,472

5. FY 2024-25 budgets are estimated based on 87.44% of the subsidy awarded to the OHA for CY 2024
137
FY 2024-25 Public Housing Locations 3

1. 31-1 Colonia Village

2. 31-2 Felicia Court

3. 31-3 Colonia Road

4. 31-4 Pleasant Valley

5. 31-5 Plaza Vista

6. 31-7 Scattered sites (Cuesta Del Mar, Althea, Concord, Fashion, Hill Street, Fremont)

7. 31-8 Palm Vista
138
FY 2024-25 Public Housing Budget Revenue 4
Revenue FY 2023-24
Budget
FY 2024-25
Budget Increase
Tenant Rent 4,998,120 5,126,247 128,127
Operating subsidy 584,500 572,327 (12,173)
Management Fees 977,326 950,447 (26,879)
Other Income 432,580 699,452 266,872
Total Income 6,992,526 7,348,473 355,947
139
FY 2024-25 Public Housing Budget Expenses 5
Expense FY 23-24 Budget FY 24-25 Budget Increase
Administrative 3,151,564 3,236,623 85,059
Tenant Services 33,942 31,476 (2,466)
Utilities 998,726 1,071,335 72,609
Maintenance 2,299,639 2,792,832 493,193
General Expense 647,449 732,141 84,692
Other 220,803 178,065 (42,738)
Total Expenses 7,352,123 8,042,472 690,349
Net Income (359,597) (693,999) (334,402)
140
FY 2024-25 Housing Choice V oucher Budget 6
The Housing Choice V oucher Program (Section 8) provides housing assistance payments to up to 1,910 families (1,737 ongoing, 10 FUP, 77 V ASH, 46 EHV and 40 Mainstream vouchers)

1. Budget comprises of: housing assistance payments (HAP) to landlords and administrative fees funding to the OHA

2. Funding eligibility is based on the number of vouchers leased and a HUD established fee per unit leased

3. The administrative fees budget was based on the funding proration awarded to the OHA in CY 2023, the information for CY 2024 is not yet available (90% of funding eligibility)

4. The 2024-25 HAP portion of the recommended budget is $30,816,000

5. The recommended administrative fees budget is $3,361,979

6. The HCV budget (HAP portion + administrative fees) totals $34,177,979 141
FY 2024-25 Housing Choice V oucher Budget 7
Housing Assistance Program Fees Budget
Description FY 23-24 HAP
Budget
FY 24-25 HAP
Budget Increase
HAP Income 27,962,770 30,816,000 2,853,230
HAP Expenses 27,962,770 30,816,000 2,853,230
Net HAP Income 0 0 0
142
FY 2024-25 Housing Choice V oucher Budget 8
Administrative Fees
Description FY 2023-24 Budget FY 2024-25
Budget Increase
Administrative Income 2,581,409 2,925,562 344,153
Personnel Expense 2,363,414 2,701,966 338,552
Administrative Expense 269,956 330,020 60,064
Utilities & Maintenance 44,621 57,688 13,067
General Expense 207,656 272,305 64,649
Total Expenses 2,885,647 3,361,979 476,332
Net Income (304,238) (436,417) (132,179)
143
FY 2024-25 Oxnard Housing Authority Budget 9
Financial Impact

1. Low Rent Public Housing Program budget requires $276,134 in Central Office Cost Center cash reserves, which has approximate reserve balance of $1,200,000

2. Low Rent Public Housing Program budget also requires $417,865 in program reserves, which has an approximate balance of $11,900,000

3. Housing Choice V oucher Section 8 Program (HCV) requires $436,417 in HCV program reserves, which has an approximate balance of $2,500,000 144
That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard:

2. Adopt a resolution approving the recommended $34,177,979 operating budget for the Housing Choice V oucher Program Section 8 for Fiscal Year 2024-2025 and approve and authorize the use of $436,417 of unrestricted cash to fund the projected deficit.

Recommendation
10 145
11 146

Finance & Governance CommitteeMay 28, 2024

Finance & Governance Committee
May 28, 2024