Agenda packet — Finance & Governance Committee, May 13, 2025 (part 1 of 2)

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AGENDA

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
Council Chambers, 305 West Third Street
May 13, 2025
Regular Meeting - 5:00 PM to 6:30 PM

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1 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 - Page 2

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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 and Governance Committee approve the minutes of the April 22, 2025 regular meeting as presented.

Contact: Luly Lopez, (805) 385-7805
D. REPORTS

1. Finance Department
SUBJECT: Accounting and Financial Risk Assessment Update. (15 minutes)

RECOMMENDATION: That the Finance and Governance Committee receive the Risk Assessment Update regarding accounting and financial reporting as part of the Internal Control Integrated Framework pursuant to City of Oxnard Finance Policy (FPOL) 1.05, and recommend staff forward the presentation to City Council.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/yChZ-rGINIg
Contact: Javier Chagoyen-Lazaro, (805) 200-5400

2. Public Works Department

SUBJECT: Fiscal Year (FY) 2025-26 Landscape Maintenance Districts Initiation of Proceedings to Levy Assessments, Approval of a Consolidated Engineers Report, and Declaration of Intention to Levy Assessments. (10 minutes)
RECOMMENDATION: That the Finance and Governance Committee recommend that the City 2 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 - Page 3

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 2025-26 in connection with the City’s Landscape Maintenance Districts”;

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 2025-26 in connection with the City’s Landscape Maintenance Districts”;

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 2025-26 in connection with the City’s Landscape Maintenance Districts” setting the Public Hearing for June 17, 2025;

4. Approve a one-time fund balance contribution from the General Fund to LMD-49 in the amount of $55,401.45 as outlined in this staff report; and

5. Approve a distribution of LMD-54 reserve fund balance in the amount of $30,902.20 to the equivalent benefit units in LMD-54 as outlined in this staff report.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/RPjmqFasp5E
Contact: Michael Wolfe, (805) 385-8055

3. Public Works Department
SUBJECT: Fiscal Year (FY) 2025-26 Resolution to Levy Assessments in Mandalay Beach Maintenance District. (10 minutes)

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 on June 3, 2025, to receive public testimony regarding the proposed Fiscal Year 2025-26 assessments for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2025-26 within the Mandalay Beach Maintenance District for Fiscal Year 2025-26.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/aAmkz5nZ4XU
Contact: Michael Wolfe, (805) 385-8055

4. Public Works Department

SUBJECT: Modification of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay) and Approval of the Deposit and Reimbursement Agreement and the Special Tax Disbursement Agreement A-8588. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), adopt the following resolutions:

1. A Resolution Approving a Deposit and Reimbursement Agreement and a Special Tax Disbursement Agreement Relating to the Change Proceedings for City of Oxnard Community Facilities District No. 9 (Northshore At Mandalay Bay); and 3 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 - Page 4

2. A Resolution of Consideration Declaring its Intention to Modify the Rate and Method of Apportionment of the Special Tax Relating to City of Oxnard Community Facilities District No. 9 (Northshore At Mandalay Bay), Increase Certain Special Tax Rates, Add a New Special Tax, Increase the Maximum Bonded Indebtedness, Amend a Funding and Acquisition Agreement, and Revise the Appropriations Limit of Said Community Facilities District, and Other Related Actions in Connection Thereto.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/3km-fPvl5HA
Contact: Michael Wolfe, (805) 385-8055

5. Housing Department
SUBJECT: Housing Authority Low Rent Public Housing and Housing Choice Voucher Program Section 8 Budgets for Fiscal Year 2025-2026. (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 $7,795,322 operating budgets for the Low Rent Public Housing Program for Fiscal Year 2025-2026, as presented for each project area, and approve and authorize the use of $201,272 of unrestricted cash to fund the projected deficit.

2. Adopt a resolution approving the recommended $35,921,457 operating budget for the Housing Choice Voucher Program Section 8 for Fiscal Year 2025-2026, and approve and authorize the use of $149,715 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/oUGJ6kznaZw
Contact: Brenda Lopez, (805) 385-8092

6. Finance Department
SUBJECT: Agreement for Annual Financial Audits and Single Audits for Federally Funded Programs for Fiscal Years 2024-25 through 2028-29. (10 Minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council approve and authorize the Mayor to execute a five-year agreement (No.32600005) with Macias Gini & O'Connell, LLP in the amount of $1,219,895 for annual financial audits and Single Audits for Federally funded programs.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/CgYef-jGadM
Contact: Javier Chagoyen-Lazaro, (805) 200-5400
E. ITEMS FOR FUTURE AGENDAS

F. ADJOURNMENT

4 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

CONSENT AGENDA
AGENDA ITEM NO. C.1

DATE: May 13, 2025

TO: Finance & Governance Committee

FROM: Luly Lopez, City Clerk, (805) 385-7805, [email protected]

SUBJECT: Approval of Minutes.

RECOMMENDATION

That the Finance and Governance Committee approve the minutes of the April 22, 2025 regular meeting as presented.

BACKGROUND

Approval of minutes.

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

There is no financial impact.

Prepared by: Luly Lopez, City Clerk

ATTACHMENTS

1. Minutes of the Finance and Governance Committee for April 22 2025

5 MINUTES

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
April 22, 2025
A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE

At 5:03 p.m., Chair Luis Mc Arthur called to order the regular meeting of the Oxnard City Council Finance and Governance Committee in the City Hall Council Chambers at 305 West Third Street, Oxnard, California. The City Clerk called the roll and announced the posting of the agenda. Chair Luis Mc Arthur, Member Gabriela Rodriguez and Member Aaron Starr were present.

Member Rodriguez led the pledge of allegiance with a moment of silence in honor of Pope Francis.

Staff members present were Alexander Nguyen, City Manager; Eric Sonstegard, Assistant City Manager; Stephen Fischer, City Attorney; Javier Chagoyen-Lázaro, Chief Financial Officer; Alex Hamilton, Fire Chief; Brenda Lopez, Interim Housing Director; and Lourdes A. López, City Clerk.

Consideration of Teleconference Participation pursuant to Assembly Bill 2449.

B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
No public comments were received.

C. CONSENT AGENDA

1. City Clerk Department
SUBJECT: Approval of Minutes.

RECOMMENDATION: That the Finance and Governance Committee approve the minutes of the March 11, 25 and April 8, 2025 regular meeting as presented.

No public comments were received.

It was moved by Chair Mc Arthur, seconded by Member Starr, to approve the Information/Consent item as presented. VOTE: Rodriguez, Starr and Mc Arthur voted in favor; the motion carried 3-0.

D. REPORTS

2. Finance Department
SUBJECT: 2024 Single Audit Report. (15 minutes)
RECOMMENDATION: That the Finance and Governance Committee receive the 2024 Single Audit Report from the audit firm Eadie + Payne, and give authorization to forward the presentation to City Council.

Javier Chagoyen-Lázaro, Chief Financial Officer introduced Brandon Ferrell of Eadie & Payne LLP; Eric Sonstegard, Assistant City Manager; Alexander Hamilton, Fire Chief and Brenda Lopez, Interim Housing Director who gave a report.

A public comment was received from Alicia Percell. Discussion ensued among the Council and staff regarding the audit findings.

It was moved by Member Starr, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Rodriguez, Starr and Mc Arthur voted in favor; the motion carried 3-0. 6 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
April 22, 2025 Page 2

1. Finance Department
SUBJECT: Update on the Financial Corrective Action Plan (CAP) for Closing Past Audit Findings. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee receive an update on the Financial Corrective Action Plan (FCAP) for closing past audit findings and recommend staff forward the presentation to City Council.

Javier Chagoyen-Lázaro, Chief Financial Officer; Jennifer Hiraoka, Senior Manager Internal Controls and Brendon Ferrell of Eadie + Payne LLP who gave a report.

No public comments were received. Discussion ensued among the Council and staff.

It was moved by Member Starr, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Starr, Rodriguez and Mc Arthur voted in favor; the motion carried 3-0.

3. Finance Department
SUBJECT: Third Amendment with Paymentus for Credit Card Merchant Services. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council approve and authorize the Mayor to execute the Third Amendment to the agreement with Paymentus (9046-20-CT), for credit card merchant services, extending the term of agreement to December 31, 2027 and increasing the contract amount by $702,000 for a not-to-exceed contract amount of $1,783,720.

Javier Chagoyen-Lázaro, Chief Financial Officer was available to answer the committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Chair Mc Arthur, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Starr, Rodriguez and Mc Arthur voted in favor; the motion carried 3-0.

4. Finance Department
SUBJECT: Agreement with Tyler Technologies, Inc. for Credit Card Merchant Services. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommends that the City Council approve and authorize the Mayor to execute a five-year agreement with Tyler Technologies, Inc. (A-8584) for credit card merchant services.

Javier Chagoyen-Lázaro, Chief Financial Officer was available to answer the committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Member Starr, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Rodriguez, Starr and Mc Arthur voted in favor; the motion carried 3-0.

5. Finance Department
SUBJECT: Establishing a Section 115 Trusts for OPEB and Pension Liabilities. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend the City Council to:

1. Adopt a resolution establishing a Section 115 Trust for OPEB and Pension liabilities; and

2. Authorize the City Manager to execute agreements with the Trust Administrator, Custodian, and Trustee to create a 115 Trust accounts for the funding of future OPEB and Pension 7 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
April 22, 2025 Page 3
liabilities.

Javier Chagoyen-Lázaro, Chief Financial Officer and Mark Shuster of Shuster Advisory Group was available to answer the committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Chair Mc Arthur, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Starr, Rodriguez and Mc Arthur voted in favor; the motion carried 3-0.

E. ITEMS FOR FUTURE AGENDAS
Committee Member Starr is requesting a report on the process of authorizing overtime and approval process.

F. ADJOURNMENT

There being no further business on the agenda, and without objection, Chair Mc Arthur adjourned the meeting at 5:26 p.m.
________________________________ ________________________________ LOURDES A. LÓPEZ LUIS A. MC ARTHUR
City Clerk Chair

8 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.1

DATE: May 13, 2025

TO: Finance & Governance Committee

FROM: Javier Chagoyen-Lazaro, Chief Financial Officer, (805) 200-5400, [email protected]

SUBJECT: Accounting and Financial Risk Assessment Update. (15 minutes)

RECOMMENDATION

That the Finance and Governance Committee receive the Risk Assessment Update regarding accounting and financial reporting as part of the Internal Control Integrated Framework pursuant to City of Oxnard Finance Policy (FPOL) 1.05, and recommend staff forward the presentation to City Council.

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

BACKGROUND

The City’s annual audit for Fiscal Year (FY) 2014-15 produced 111 single-audit findings. One finding identified that risk assessments need to be performed. The finding specified two types: (i) risk assessment related to accounting and financial reporting, and (ii) fraud management risk assessment.

In response to the finding, on June 27, 2017, the City engaged Price Paige as Internal Auditors to complete a fraud risk assessment and to monitor operation of controls in high priority areas. These detailed reviews by external consultants were supplemented by the work of new and better trained staff across the City who identified and remediated additional issues that affected operating, reporting, and compliance objectives. In December 2021, the City completed the adoption of eight Internal Control Integrated Framework (ICIF) policies (see links attached) that are aimed at strengthening and improving the organization’s overall control and operating environment. Financial Policy (FPOL) 1.05 City Council’s Risk Assessment Responsibilities established that the City Council ensures that risk assessments are performed. In September and November 2021, the Finance and Governance Committee received training from the City’s Independent Auditor, Eadie + Payne, in internal controls, compliance, and risk management.

During the past year, the Senior Manager Internal Controls performed a targeted risk assessment for FY 23-

24. The targeted risk assessment is designed to focus on maintaining existing internal controls, including those controls that were put into place as a result of previous audit findings. The FY 23-24 targeted risk assessment focused on the following areas: Grants (funded by the American Rescue Plan Act Coronavirus State and Local Fiscal Recovery Fund), Vendor Master Maintenance, and Purchasing Cards. The Capital Assets process, which was originally planned for completion as part of the FY 23-24 Targeted Risk Assessment, was postponed due to staffing availability and prioritization of other internal control priorities, and will instead be included as part of the FY 25-26 Targeted Risk Assessment.
9 We propose continuing with a targeted risk assessment for FYs 24-25 and 25-26 to ensure limited internal control resources are focused on higher risk areas. The plan to expand to a Full Risk Assessment will be considered for FY 26-27.

FY 23-24 preliminary targeted risk assessment results
The implementation of the new ERP system, Tyler Munis, has enhanced the City’s internal controls over financial reporting. The automatic routing of Purchasing, Accounts Payable, and General Ledger transactions for the appropriate level of authorization, review, approval, and verification replacing processes that were reliant on people to manually route paper-based or electronic transaction documents for approval, is one of the internal control enhancements. Automatic routing of these processes directly impact transactions tied to Grants Management and Purchasing Cards.

Establishing effective internal controls is a continuous process, which should follow the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework for designing and managing internal controls. In 2014, the federal government updated the Uniform Guidance to require non-federal entities to establish and maintain effective internal control over federal awards, which should be in compliance with COSO and in 2015, the California State Controller developed internal control guidelines applicable to local governments which recommends using COSO’s Internal Control Framework.

The system of internal controls has been evaluated using the COSO framework. The five components of COSO internal control are: control environment, risk assessment, control activities, information and communication, and monitoring activities. The preliminary results of the targeted risk assessment are communicated according to their respective COSO component. Below are both the internal control enhancements and improvement opportunities that have been addressed or will be addressed in the future. Noted improvement opportunities did not constitute control failures due to either: the exposures found are minor in extent and nature or other compensating controls exist. These preliminary results are pending discussion with City Management.

Control Environment
The control environment is the set of standards, processes and structures that provide the basis for carrying out internal control and sets the tone across the organization. City processes are in a stabilization period post ERP implementation and policies and procedures continue to be updated to reflect process changes.

Risk Assessment
The risk assessment allows management to identify the need for control and monitoring activities, improvements to the flow of information and communication or the need for changes to the control environment. Risk assessments were prepared for each of the targeted risk assessment areas: Vendor Master Maintenance, Grants Management, and Purchasing Cards to ensure that risks are managed and mitigated.

Control Activities
Control activities are actions established through policies and procedures (or through embedded controls) that help ensure that management’s directives to mitigate risk (as documented in the Risk Assessment) are carried out.

The ERP system has the following internal controls embedded into the system. ● Segregation of duties – system workflow separates the responsibilities for authorizing transactions and processing transactions, replacing the manual control of individuals and ensuring that they aren’t the only authorizer and approver or that the transaction is processed by people without conflicting responsibilities. ● Reviews and approvals – system workflow automation ensures secondary reviews and supervisory approvals that transactions have been properly authorized, accurately recorded, and correctly reflect the events that have occurred replacing the manual control of people routing reviews and approvals appropriately via a 10 paper-based process and approvals being captured on paper ● Adequate, accurate and readily available documents and records – electronic management of transaction documents ensures that documents are centrally stored (single source of truth), accessible to City staff throughout the workflow, and retained for the appropriate timeframe

Below are the internal controls embedded into the system for the specific processes.

Vendor Master Maintenance -
● ERP restricts changes to vendor master to users with specific roles Grants Management -
● ERP workflow routes approvals for expense transactions coded to general ledger Fund 204 (ARPA fund) to employees with knowledge of approved ARPA projects
● ERP checks budget when entering a purchase requisition or contract ● ERP limits purchasing transactions to pre-approved vendors Purchasing Cards -
● ERP increases awareness of purchasing card statement reconciliation status ● ERP workflow captures approvals of purchasing card transactions

Information and Communication
Information and communication is the continual iterative process of providing, sharing and obtaining necessary information to meet accounting and disclosure requirements under governmental accounting standards. ● ERP user quick guides that also incorporate relevant control activities are readily available to all ERP users ● ERP users completed ERP training prior to go-live and new users are expected to complete “On Demand” trainings post go-live
● Results of Targeted Risk Assessment or Monitoring Activities will be communicated to improve process efficiency and effectiveness

Monitoring Activities
Monitoring activities are the continuous evaluation of each of the COSO components to ensure they are functioning effectively, including the COSO monitoring activities component, to assess the execution and quality of established control activities. Below are highlights of the monitoring activities that were performed as part of this review.

Vendor Master Maintenance –
● Evaluated the timeliness of Vendor Master File review - o Staff assigned to Vendor Master Maintenance review Vendor Master Files annually and deactivate vendors without activity in the last 2 years
● Evaluated that changes to the Vendor Master File are supported with appropriate documentation -
o ERP document management is used to retain Vendor Create/Change Request Form which is accompanied by:

1. Completed IRS Form W-9 Request for Taxpayer Identification Number and Certification and

2. Purchasing verifies that the vendor is active and valid by performing a search on the California Secretary of State website prior to adding or revising vendor information. o Instances of Change Request Form not in ERP or vendor information/support insufficient ● Evaluated that information in the Vendor Master File is complete and accurate – o Instances of no Federal Employer Identification Number (FEIN) in ERP or FEIN inaccurate

Grants Management –
● Evaluated that purchases of goods or services are authorized as evidenced by proper review and approval – o ERP workflow captures approvals
● Evaluated that Grant Administering Departments maintain financial and other records in accordance with grant requirements –
11 o Instances of documentation required by grant contract not maintained ● Evaluated that when using Federal grant funds to purchase goods or services, vendor name or principal individual(s) are searched in the Excluded Parties List System (now the System for Award Management (SAM) database) to verify that the vendor or principal individuals are not suspended, debarred or otherwise excluded from participation in Federal spending
o Grant Administering Departments are not reviewing the SAM database to check for suspension or debarment or if Grant Administering Departments are reviewing for suspension or debarment, evidence of the review is not maintained

Purchasing Cards –
● Evaluated purchasing card transactions are authorized as evidenced by proper review and approval – o ERP workflow captures approvals of purchasing card transactions ● Evaluated timeliness of purchasing card reconciliation – o Instances of statements not reconciled timely when purchasing card holders terminate employment from the City of Oxnard

Ongoing monitoring activities need to be formalized and documented, separate from this evaluation of the system of internal controls. Monitoring activities should be designed to provide a sense of whether the internal controls are functioning effectively.

The results of monitoring activities above will be communicated to the appropriate parties after these preliminary results are discussed with City Management.

FY 24-25 targeted risk assessment

Staff anticipates reporting on the status of the FY 24-25 targeted risk assessment in the fall.

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.

Prepared by: Jennifer Hiraoka, Senior Manager Internal Controls

ATTACHMENTS

1. Accounting and Financial Reporting Risk Assessment Update (FGC)

2. FPOL 1.01 Adoption of Internal Control - Integrated Framework

3. FPOL 1.02 Adoption of Internal Control Oversight Responsibilities

4. FPOL 1.03 Internal Control - Finance and Governance Committee Duties and Responsibilities

5. FPOL 1.04 Assignment of Authority and Responsibility for Achieving Operational, Reporting and Compliance Objectives

6. FPOL 1.05 City Council's Risk Assessment Responsibilities

7. FPOL 1.06 Development and Implementation of Internal Controls v.2

8. FPOL 1.07 Commitment to Transparent and Complete Information and Communication v.2

9. FPOL 1.08 Creation of a Monitoring System

12 Accounting and Financial Reporting Risk Assessment Update Presentation
Presentation to Finance & Governance Committee
May 13, 2025
Presented by: Jennifer Hiraoka, Senior Manager Internal Controls 13 That the Finance and Governance Committee receive the Risk Assessment Update regarding accounting and financial reporting as part of the Internal Control Integrated Framework pursuant to the City of Oxnard Finance Policy (FPOL) 1.05, and recommend staff forward the presentation to City Council.

Recommendation 2
14 OVERVIEW
• In December 2021, the City of Oxnard completed the adoption of 8 Internal Control Integrated Framework (ICIF) policies, which are aimed at strengthening and improving the organization’s overall control and operating environment
• Finance Policy (FPOL) 1.05 City Council’s Risk Assessment Responsibilities established that the City Council ensures that risk assessments are performed • For FY 23-24 a targeted risk assessment was performed

OBJECTIVES
• T o communicate preliminary results of the FY 23-24 targeted risk assessment and next steps AGENDA
• Review targeted risk assessment objectives
• Present preliminary results of FY 23-24 targeted risk assessment • Present revised FY 24-25 risk assessment plan and FY 25-26 risk assessment plan and discuss next steps
Overview, Objectives and Agenda 3
15 • A risk assessment identifies and analyzes the risks facing the City as it seeks to achieve its objectives. This assessment provides the basis for prioritizing and developing appropriate internal controls to eliminate or reduce risks.
• Financial Policy (FPOL) 1.05 City Council’s Risk Assessment Responsibilities established that the City Council ensures that risk assessments are performed. • The City’s annual audit for FY 2014-15 produced an audit finding that risk assessments need to be performed.
• Fraud Risk Assessment
• Accounting and Financial Reporting Risk Assessment
• In response to the finding the City engaged consultants to perform the following:
• Fraud Risk Assessment
• Detailed reviews of reporting and compliance risks of high priority areas • Internal controls ultimately serve to strengthen the reliability and accuracy of financial reporting
Refresher - What is a risk assessment and why is it needed? 4 With the implementation of a new ERP system, it is important to maintain internal controls, especially those put into place as a result of a previous audit finding. 16 FY 23-24 Targeted Risk Assessment planned vs. actual 5 • Our FY 23-24 Targeted Risk Assessment included reviewing the following processes that were impacted by the ERP implementation
• Vendor Master Maintenance
• Grants Management (focusing on grants funded by the American Rescue Plan Act Coronavirus State and Local Fiscal Recovery Fund “ARPA”)
• Purchasing Cards
• Due to staffing availability and changing priorities:
• The Capital Assets process was postponed and will instead be included as part of the FY 25-26 Targeted Risk Assessment
• The FY 24-25 Targeted Risk Assessment will focus on the Payroll process For Risk Assessment Lifecycle – See Appendix 1
17 COSO Internal Control Framework 6
Internal Controls – processes designed to prevent or detect errors and mistakes, including those caused by fraud, waste and abuse Control
Environment
Risk
Assessment
Control
Activities
Information and
Communication
Monitoring
Activities
The Committee of Sponsoring
Organizations of the Treadway
Commission (COSO) created this
framework for designing and
managing internal controls.
• 2014 - the federal government requires entities to
establish and maintain effective internal control
over federal awards in compliance with COSO
• 2015 - the California State Controller develops
internal control guidelines which recommends
using COSO’s Internal Control Framework.
18 Control
Environment
Risk Assessment
Control ActivitiesInformation and
Communication
Monitoring
Activities
FY 23-24 Targeted Risk Assessment preliminary results as they align to the COSO internal control framework
7 Control Environment – Preliminary Results:

Opportunities for Improvement / Mitigation Measures in Progress - • Processes are in a stabilization period post ERP implementation • Policies and procedures continue to be updated to reflect process changes Risk Assessment – Preliminary Results:

Opportunities for Improvement / Mitigation Measures in Progress - • Targeted Risk Assessment for Capital Assets FY 2026
Control Activities – Preliminary Results:

Areas of Strength – The ERP system has the following internal controls embedded into the system:
• Segregation of duties
• Reviews and approvals
• Readily available documents and records
Internal controls embedded into the system for specific processes:
• Vendor Master Maintenance
• Grants Management
• Purchasing Cards
19 Control
Environment
Risk
Assessment
Control ActivitiesInformation and
Communication
Monitoring
Activities
FY 23-24 Targeted Risk Assessment preliminary results as they align to the COSO internal control framework (continued)
8 Monitoring Activities – Preliminary Results:

Areas of Strength –
• Vendor Master Files are reviewed annually and vendors without activity in the last 2 years are deactivated • ERP captures approvals of purchases of goods or services and ERP workflow routes approvals for expense transactions coded to general ledger Fund 204 (ARPA fund) to employees with knowledge of approved ARPA projects • ERP increases transparency of purchasing card statement reconciliation status and captures approvals of purchasing card activities
Opportunities for Improvement / Mitigation Measures in Progress – • Monitoring activities need to be formalized and documented • Vendor Master File change management process is reliant on staff to make changes (no vendor self service) and a review for complete and accurate information in vendor files (Form W-9 and Federal Employer Identification Number) should be performed for all vendors post ERP implementation
• Process for suspension and debarment review of federal grant funding recipients should be centrally established • Management should ensure that purchasing card statements are reconciled prior to an employee’s last day of work (when possible)
Information and Communication – Preliminary Results:

Areas of Strength -
• ERP user quick guides readily available, training includes “On Demand” training for new users Opportunities for Improvement / Mitigation Measures in Progress - • Targeted Risk Assessment or Monitoring Activities will be communicated to Council 20 • The implementation of the new ERP system, Tyler Munis, has enhanced the City’s internal controls over financial reporting.
• The automatic routing of transactions for the appropriate level of authorization, review, approval, and verification replacing processes that were reliant on people to manually route paper-based or electronic transaction documents for approval, is one of the internal control enhancements. • Additionally, internal controls that were initially put into place as a result of a previous audit finding were embedded into the system, where appropriate. • For example, prior audit finding 2019-007 required the Accounts Payable team to manually gather and track support for purchasing card transactions. With the ERP , monthly statement reviews and approvals are submitted through the ERP system workflow to Accounts Payable. • Finally, noted improvement opportunities did not constitute control failures due to either: the exposures found are minor in extent and nature or other compensating controls exist.

FY 23-24 Targeted Risk Assessment preliminary results summary 9 21 FY 24-25 Targeted Risk Assessment and FY25-26 Targeted Risk Assessment Plan 10 • The FY 24-25 Targeted Risk Assessment will focus on the following process:
• Payroll
• The FY 25-26 Targeted Risk Assessment will focus on the following processes:
• Tyler Munis 2021 Upgrade Implementation
• Cash Receipts and Cashiering
• Capital Assets (New additions, disposals, fleet)
22 Next Steps 11
This concludes our presentation.

We hope this presentation assists City Council in exercising its oversight duties, working with the City Manager, City Attorney and other officials to create a control environment based on ethical practices, competency and compliance with laws, regulations and policies.

We will return to you in the Fall to report the FY 24-25 targeted risk assessment results.
23 QUESTIONS?
12 24
Appendix 1 - Risk Assessment Lifecycle 13
Planning
•• Define scope of
assessment
•• Identify
processes
•• Develop plan
timeline
•• Review and
finalize scoping
plan
Documentation
Development
•• Develop Risk and
Control Matrices
•• Identify key
controls
•• Develop Control
Self Assessment
Questionnaires
•• Assign risk rating
Control Testing
•• Conduct
interviews with
Departments to
gather responses
to Self Control
Assessment
Questionnaires
•• Develop test plan
•• Test key controls
•• Conclude on
control
effectiveness
Review
Assessment
Results
•• Review and
finalize issues
identified
•• Identify
significant issues
requiring a
Remediation Plan
Report Results and
Remediation Plan
(if necessary)
•• Work with
Departments to
create a
Remediation Plan
•• Prepare
presentation to
report results
25 26
27 28
29 30
31 32
33 34
35 36
37 38
39 40
41 42
43 1.0 POLICY STATEMENT

1.1.1 The City Council directs the City Manager to develop internal controls that are tailored to the City’s specific structure, risk exposure and resource levels. To the extent resource levels are not adequate to reduce risk in some areas; the Council will reassess its risk tolerance philosophy and provide specific direction to the City Manager.

1.1.2 City practices shall comply with Internal Control - Integrated Framework (ICIF) principles and components related to internal control.

1.1.3 Controls shall be developed that respond to and assure compliance with findings from external and/or internal audits and that consider the outcomes of risk assessments performed in accordance with the City Council’s Risk Assessment Responsibilities Policy (FPOL 1.05).

2.0 SCOPE
The policy covers all of the City of Oxnard’s internal control activities as they relate to the development and implementation of internal controls.

3.0 BACKGROUND
To comply with standards for ICIF principles and components, the City Council recognizes the need to eliminate or reduce risk based on reasonable standards and level of effort. Proper internal controls must be developed and implemented to safeguard assets and ensure the City achieves its operational objectives. The responsibility to develop those controls must be established and evaluated on an ongoing basis.

4.0 DEFINITIONS
City of Oxnard Finance Policy
TITLE

Development and Implementation of Internal Controls PAGE

1 of 2
NUMBER

FPOL 1.06

VERSION

1.0 DOCUMENT OWNER

Donna Ventura

EFFECTIVE DATE

3/16/2021
Term Definition
Internal Control – Integrated
Framework (ICIF)
A system of internal control designed to address three main categories of internal control objectives which are 1.

Operations 2. Reporting and 3. Compliance
Committee of Sponsoring
Organizations (COSO)
A joint initiative of five private sector organizations (American Accounting Association, American Institute of Certified Public Accountants, Financial Executives International, Institute of 44 5.0 ROLES AND RESPONSIBILITIES

CITY OF OXNARD REFERENCES
FPOL 1.01 Adoption of Internal Control – Integrated Framework FPOL 1.02 Adoption of Internal Control Oversight Responsibilities FPOL 1.03 Internal Control – Finance and Governance Committee Duties and Responsibilities FPOL 1.04 Assignment of Authority and Responsibility for Achieving Operational, Reporting, and Compliance Objectives
FPOL 1.05 City Council’s Risk Assessment Responsibilities

6.0 DOCUMENT HISTORY

City of Oxnard Finance Policy
TITLE

Development and Implementation of Internal Controls PAGE

2 of 2
NUMBER

FPOL 1.06

VERSION

1.0 DOCUMENT OWNER

Donna Ventura

EFFECTIVE DATE

3/16/2021
Management Accountants, and the Institute of Internal Auditors) COSO develops frameworks and guidance on enterprise risk management, internal control and fraud deterrence.

Risk Assessment A systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking at all levels.

Risk Tolerance The maximum risk that an organization is willing to accept regarding each relevant activity or event..

Risk Exposure The measure of potential future loss resulting from a specific activity or event.

Role Responsibility
City Council Exercise its oversight duties, to ensure that management selects and develops control activities that contribute to the mitigation of risks to acceptable levels and that management and independent financial auditors monitor compliance with internal control policies and procedures that put policies in place.

City Manager Responsible for carrying out policies along with managing the organization and ensuring accountability for performance of all employees under his or her direction.

Finance and
Governance Committee
(audit committee)
As defined in FPOL 1.03 Internal Control – Finance and Governance Committee Duties and Responsibilities.

Version Summary of Changes Reason for Changes

1.0 New policy New policy
45 City of Oxnard Finance Policy
TITLE
Commitment to Transparent and Complete Information and Communication PAGE
1 of 3
NUMBER
FPOL 1.07

VERSION

1.0 DOCUMENT OWNER
Kevin Riper

EFFECTIVE DATE
6/15/2021

PROCEDURE OWNER
Kevin Riper
TITLE
Chief Financial Officer
(Signature) DATE
5/11/2021

1.0 POLICY STATEMENT

1.1.1 The City Council is committed to providing full and transparent financial information to the public.

1.1.2 The City Council expects management to implement an information and communications framework that supports operational, reporting and compliance objectives. The products of the City’s information and communication systems are expected to be of sufficient quality and usefulness to enable the successful implementation of the Internal Control – Integrated Framework (ICIF) and provide reasonable assurance to the Council that its goals and the City’s operating, reporting and compliance objectives will be achieved.

1.1.3 The City Council directs the City Manager to implement the necessary communications protocols and information sharing processes within the organization and to elected officials and the public.

1.1.4 The City’s business communications shall conform to the standards established by the City Council through policies documented in the Personnel Rules and Regulations and the City’s Administrative Manual.

1.1.5 Elected and appointed officials and all employees shall demonstrate ethical behavior, competence, courtesy and respect in daily actions.

2.0 SCOPE
The policy applies to the City of Oxnard organization and benefits the City of Oxnard community by creating standards and expectations for information and communication based on ethical practices, competency and accountability that require courtesy and respect consistent with the City’s Personnel Rules and Regulations.

3.0 BACKGROUND

3.1.1. The City Council recognizes the importance of effective, accurate and comprehensive financial information for informed decision making. The community and the City organization expect the City Council to provide policy leadership supportive of ongoing and transparent commu nication regarding the City’s financial health and long -term sustainability. Failure to identify and address financial reporting and compliance issues can 46 City of Oxnard Finance Policy
TITLE

Commitment to Transparent and Complete Information and Communication PAGE

2 of 3
NUMBER

FPOL 1.07

VERSION

1.0 DOCUMENT OWNER

Kevin Riper

EFFECTIVE DATE

6/15/2021

result in significant financial losses, create potential liabilities, or force unplanned use of resources.

Information and communication is critical to implement the ICIF and to achieve the City’s strategic goals. Timely and accurate information is critical to the City’s ability to adapt to changes in law, to effectively implement the ICIF, and ensure compliance with governmental accounting standards. This requires leadership and a culture that encourages trust, and values open and honest communication. Effective communication based on courtesy and respect is expected of all elected officials, employe es and managers.

4.0 DEFINITIONS
Term Definition
Transparent Easy to perceive or detect.

Internal Control – Integrated
Framework (ICIF)
A system of internal control designed to address three main categories of internal control objectives which are 1.

Operations 2. Reporting and 3. Compliance.

5.0 ROLES AND RESPONSIBILITIES

Role Responsibility
City Council Exercise its oversight duties , working with the City Manager, City Attorney and other officials , to obtain and use relevant, quality information to support the functioning of internal control.

Finance and
Governance Committee
(audit committee)
As defined in FPOL 1.03 Internal Control – Finance and Governance Committee Duties and Responsibilities as it relates to the Finance and Governance Committee’s responsibilities.

City Manager Responsible for carrying out policies along with managing the organization and ensuring accountability for performance of all employees under his or her direction.

Commitment to Transparent and Complete Information and Communication PAGE

3 of 3
NUMBER

FPOL 1.07

VERSION

1.0 DOCUMENT OWNER

Kevin Riper

EFFECTIVE DATE

6/15/2021

FPOL 1.05 City Council’s Risk Assessment Responsibilities FPOL 1.06 Development and Implementation of Internal Controls

6.0 DOCUMENT HISTORY

Version Summary of Changes Reason for Changes

1.0 New policy New policy

48 City of Oxnard Finance Policy
TITLE

Creation of a Monitoring System
PAGE

1 of 2
NUMBER

FPOL 1.08

VERSION

1.0 DOCUMENT OWNER

Jennifer Hiraoka

EFFECTIVE DATE

12/21/2021

PROCEDURE OWNER

Jennifer Hiraoka
TITLE

Sr. Mgr, Internal Controls
(Signature) DATE

11/23/2021

1.0 POLICY STATEMENT

1.1.1 The Council directs that the City Manager implement a monitoring system for internal control activities. The monitoring system shall be one that gives the community, City Council, employees and other stakeholder’s reasonable assurance that the City is adhering to Internal Control – Integrated Framework (ICIF) principles and is achieving operating, reporting, and compliance objectives.

1.1.2 The City Manager shall report to the City Council the results of any evaluations conducted by staff, consultants or auditors about whether the internal controls are effectively designed and operating as intended, no less than annually.

1.1.3 The City Manager shall evaluate and report to the City Council any internal control deficiencies identified as part of the City’s monitoring activities and identify the corrective actions to be taken to cure the deficiencies.

2.0 SCOPE
The policy covers all of the City Oxnard’s monitoring activities as it relates to the monitoring of internal controls.

3.0 BACKGROUND

3.1.1. The City Council recognizes that the ICIF and the City’s internal controls must be monitored regularly and effectively. This requires that components of the internal control system not only exist but are also functioning as designed, any deficiencies are reported to the Council and senior management, and corrective action is taken in a timely manner.

4.0 DEFINITIONS
Term Definition
Internal Control – Integrated
Framework (ICIF)
A system of internal control designed to address three main categories of internal contro l objectives which are 1.

Operations 2. Reporting and 3. Compliance
Monitoring System A set of procedures to o bserve and check the progress or 49 City of Oxnard Finance Policy
TITLE

Creation of a Monitoring System
PAGE

2 of 2
NUMBER

FPOL 1.08

VERSION

1.0 DOCUMENT OWNER

Jennifer Hiraoka

EFFECTIVE DATE

12/21/2021

Term Definition
quality of systems, applications, over a period time; keep under systematic review.

Deficiencies A failing or shortcoming.

Corrective Action Improvements to an organization’s processes taken to eliminate causes of deficiencies so as to prevent recurrence.

5.0 ROLES AND RESPONSIBILITIES

Role Responsibility
City Council Exercise its oversight duties , working with the City Manager, City Attorney and other officials , to select, develop, and perform ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning as intended.

City Manager Responsible for carrying out policies along with managing the organization and ensuring accountability for performance of all employees under his or her direction.

CITY OF OXNARD REFERENCES
FPOL 1.01 Adoption of Internal Control – Integrated Framework FPOL 1.02 Adoption of Internal Control Oversight Responsibilities FPOL 1.03 Internal Control – Finance and Governance Committee Duties and Responsibilities FPOL 1.04 Assignment of Authority and Responsibility for Achieving Operational, Reporting and Compliance Objectives
FPOL 1.05 City Council’s Risk Assessment Responsibilities FPOL 1.06 Development and Implementation of Internal Controls FPOL 1.07 Commitment to Transparent and Complete Information and Communication

6.0 DOCUMENT HISTORY

Version Summary of Changes Reason for Changes

1.0 New policy New policy

50 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.2

DATE: May 13, 2025

TO: Finance & Governance Committee

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

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):

4. Approve a one-time fund balance contribution from the General Fund to LMD-49 in the amount of $55,401.45 as outlined in this staff report; and

5. Approve a distribution of LMD-54 reserve fund balance in the amount of $30,902.20 to the equivalent benefit units in LMD-54 as outlined in this staff report.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/RPjmqFasp5E

BACKGROUND

Special Districts is a Division of the Public Works Department and manages a total of 50 special financing districts, which includes 36 Landscape Maintenance Districts (“LMDs”). Through the process of developing property, special financing districts (e.g. LMDs) were authorized to be used by property owners (i.e. developers) to fund the annual cost of maintaining certain public improvements that have a special benefit to the properties within the district. Typically, the developer installed the public improvements at the time of development and the benefiting property owners pay for the cost of maintaining the improvements (i.e., special benefit) through a special assessment included on the property’s annual property tax bill. Revenue received from the assessment funds the cost to provide the Special Benefit, as outlined in the Consolidated Engineer’s Report attached hereto as a link in Attachment 1 (“Report”).

51 Assessments are levied annually and collected on the property tax roll. Each year, the City Council conducts proceedings before making a decision to levy the assessments. Revenue received from the assessments partially funds the ongoing maintenance of the public improvements that are provided by each district and, in some cases, is collected for future work that is conducted on a less-than-annual basis.

If adopted by City Council, the Resolutions will: 1) initiate proceedings to levy the annual assessments; 2) approve the Consolidated Engineer’s Report for the districts; and 3) declare the intent to levy assessments on the FY 2025-26 property tax roll. As a part of the resolution declaring the intent to levy, a public hearing date is set (June 17, 2025) where a resolution confirming diagrams and assessments will be considered. This is a process that is required each year.

DISCUSSION

The Landscaping and Lighting Act of 1972 (Streets & Highways Code Section 22500 et seq.) (“Act”) outlines the procedures for the City Council to annually Initiate Proceedings by Resolution (Attachment 2), approve the Consolidated Engineers Report through a Resolution (Attachment 3), and state the City Council’s Intent to Levy the annual assessment through a Resolution (Attachment 4) by holding a public hearing.

In compliance with the Act, an annual review and evaluation of each district’s revenues and expenditures, contained in the Report, is conducted. This Report consolidates the City’s 36 LMDs into a single report, but evaluates each district individually. For each district, the Report includes a description of the improvements, the projected estimated annual maintenance costs, and funding to be collected for projects done on a less than annual basis, if any, the method of assessment apportionment for each lot or parcel within each district’s boundaries, and a diagram showing the parcels within that district. The Report also provides an analysis of each district’s annual financial status. It separates and apportions the cost of General Benefit, as defined in the Report, other costs funded by a non-assessment fund (e.g., the General Fund), and the cost of Special Benefit to the benefiting properties, which is funded by the applied assessment rate. The actual services provided to each district vary from district to district and are based on the property owner-approved services and funding.

The applied assessment rate is the amount needed to fund the services of each district and is the amount actually levied on the property tax roll. It cannot exceed the maximum assessment rate that was approved by property owners, through prior proceedings, for each district. After completing an individual analysis of each district’s current level of service, anticipated estimated expenditures, fund balance, assigned reserve levels, and future work that is conducted on a less-than-annual basis, it is recommended to set the applied rates as set forth in the Report. Parcel-specific details of the proposed maximum and applied assessment is included in the Report as linked, is available from the City Clerk’s office, and is accessible from the City’s website (www.oxnard.gov).

Additionally, the following table provides a summary of each LMD’s highest annual assessment over the past five years broken into a monthly payment to show what an equivalent to a Homeowners Association payment would be with similar improvements. Please note that these rates are the highest for each district within the past five fiscal years and not the proposed levy amounts for FY 2025-26.

Table 1 - Highest Annual Rate (Past 5 FYs)/Monthly Equivalent District Number District Name Monthly Equivalent of Highest Annual Rate - Last 5 Years LMD No. 3 River Ridge $13.57
LMD No. 10 Country Club Estates $13.11
LMD No. 11 St. Tropez $7.02
LMD No. 12 Standard Pacific $7.32
LMD No. 13 Le Village $9.40
52 LMD No. 14 California Cove $14.42
LMD No. 16 California Lighthouse $6.15
LMD No. 23 Greystone $7.63
LMD No. 24 Vineyards $15.25
LMD No. 25 The Pointe $9.18
LMD No. 27 Rose Island $34.62
LMD No. 28 Harborside $17.27
LMD No. 30 Haas Automation $46.88
LMD No. 31 Rancho De La Rosa $36.60
LMD No. 32 Oak Park $35.97
LMD No. 33 El Paseo $30.98
LMD No. 34 Sunrise Pointe/Sunset Cove $20.50
LMD No. 36 Villa Santa Cruz / Villa Carmel $45.92
LMD No. 37 Pacific Breeze $6.28
LMD No. 38 Aldea Del Mar $39.14
LMD No. 39 Promesa/Sueno $90.40
LMD No. 39 DR Horton $85.19
LMD No. 40 Cantada $31.58
LMD No. 41 Pacific Cove $38.80
LMD No. 42 Cantabria/Coronado $50.59
LMD No. 43 Greenbelt Zone 1 $97.47
LMD No. 43 Greenbelt Zone 2 $33.47
LMD No. 43 Greenbelt Zone 3 $93.90
LMD No. 43 Greenbelt Zone 4 $26.73
LMD No. 46 Daily Ranch Area A $62.97
LMD No. 46 Daily Ranch Area B $60.92
LMD No. 46 Daily Ranch Area C $54.41
LMD No. 47 Sycamore Place $23.05
LMD No. 49 Cameron Ranch $53.89
LMD No. 50 Pleasant Valley Senior Housing $38.41
LMD No. 51 Pfeiler $55.07
LMD No. 52 Wingfield $7.10
LMD No. 53 Huff Court $45.55
LMD No. 54 Meadowcrest Villas $20.28
LMD No. 55 Wingfield West $71.35
LMD No. 58 Westwind $15.52
LMD No. 60 Artisan $17.253
1 LMD 43 contains 4 zones, two of which pay rates calculated per acre with the other two paying per unit. This amount is the highest assessed per unit rate within the past five fiscal years within each per unit zone (2 and 4) and the per acre rate zones (1 and 3) calculated out across all acreage, divided by apartment unit, and then divided by 12.
2 LMD 46 contains 3 rate-paying zones.
3 LMD 60 consists of one parcel, within which there are 272 apartments. While only one parcel is assessed, to calculate an equivalent per unit HOA rate, the monthly amount has been divided again by 272.

Costs considered to be of General Benefit are not allowed to be assessed to the properties and therefore are 53 apportioned as a non-assessment fund (e.g. General Fund) expense. In addition to the required General Benefit contribution, the General Fund is proposed to cover additional costs, which are outlined in the Fiscal Impact section of this Report. The FY 2025-26 Proposed Operating Budget includes funds necessary to cover these costs.

Funds received for the benefit of each district are restricted and can only be used within the district and for the purposes for which they were collected. Some of the district’s applied assessment rates are proposed to increase from last year, while others are proposed to decrease. This is to account for changes in the expected amounts of services, such as, but not limited to landscape maintenance, sidewalk maintenance, removal and replacement of displaced sidewalks, irrigation repair, electrical systems repair, and lighting repair and replacement. Both increases and decreases can be attributed to changes in annual service costs to maintain fund balances after their use in prior fiscal years, consistent with the Act, or to meet a district’s obligation for staff and overhead expenses. The assessment is levied at a rate that is no higher than the maximum assessment rate approved by property owners. All of the previous items are normal operating considerations of LMDs and are evaluated as a part of this process. However, there are two districts, LMDs 49 and 54, that are receiving further attention in FY 2025-26 due to their projected fund balances.

LMD 49

LMD 49 (Cameron Ranch) is located within the East Village neighborhood and is inclusive of the parcels on Gibralter St., Milagro Pl., Ocaso Pl., and Kohala St. It comprises 35 benefit units and is projected to have an estimated negative fund balance of $55,401.45 at the end of FY 2025-26. With a maximum total levy amount of $23,385, the district is able to entirely fund its total annual expenses of $18,766 for FY 2025-26. However, due to its current maximum assessment rate, this LMD is unable to address the previous years’ build-up of negative fund balance and is not projected to be able to do so on its own into the future without severely reducing maintenance activities. In response to the current situation of the district and the fact that it can currently fund its maintenance activities, staff is recommending that a one-time contribution be made to the LMD 49 fund in order to balance the fund. This recommendation to cover a LMD’s past negative fund balance would not set precedent, since it is consistent with prior action taken by the City Council for various LMDs in FY 2015-16 when approximately $2.9 million was transferred to certain LMDs to balance their funds as noted in the June 20, 2017 staff report (attached for reference). It is understood that LMDs are structured to be self- sustaining. Barring unforeseen circumstances, such as emergencies or damage due to acts of nature or other accidents which damage or destroy the district’s improvements, staff does not anticipate needing to request additional funds in the near future for this District. Please note that a draft LMD Policy, that has been reviewed and recommended to be forwarded to the City Council by the Public Works and Transportation Committee, will be presented to the City Council in the near future that outlines procedures to mitigate this scenario from reoccurring in the future.

LMD 54

LMD 54 (Meadowcrest Villas) is located within the Carriage Square neighborhood and is inclusive of the parcels within North A St., Robert Ave., and Oxnard Blvd. It comprises 50 benefit units and is projected to have a FY 2025-26 fund balance in excess of its calculated maximum by $30,927.20. This was primarily caused by the collection of assessments for proposed tree work in FY 2024-25 that was not executed, lower- than-anticipated staff and overhead expenses due to vacant positions within the Special Districts Division, and lower than budgeted maintenance expenses due to a change in the management of the District’s landscape maintenance contract. The amount in reserves is in excess of what is projected to be required to fund future project expenses and the reserve amount per the Streets and Highway Code. As a result, staff is recommending that the property owners receive a one-time refund of approximately $618.27 per benefit unit. This reimbursement process would be consistent with prior action taken by the City for 18 LMDs in FY 2017-18 when excess balances were refunded to property owners.

54 In order to ensure that LMD-54’s assessment does not “fall off” the tax roll for FY 2025-26, a $0.50 per unit assessment is recommended to be levied. Maintaining a minimum assessment on the tax roll ensures any property transactions that occur in the current or following fiscal year will include the District’s assessment for Title and other property-related or tax purposes. This assessment is included in the net calculation of the assessment refund that is recommended to be returned to the property owners.

The deadline for delivering the assessment information to Ventura County for inclusion on the FY 2025-26 property tax roll is July 7, 2025.

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

For FY 2025-26, the proposed assessment calculations are as follows: real property assessments $1,579,318 (rounded, see Engineer’s Report Table 6.7), interest income $116,451 (rounded, Table 6.5), a general benefit contribution from the General Fund $220,437 (rounded, Table 6.5), and a subsidy from the General Fund for utilities of $101,418 (rounded, Table 6.5), a one-time fund balance contribution to LMD-49 in the amount of $55,401 from the General Fund (rounded, footnote Table 6.7), and an expense of $30,927 (rounded, noted on Table 6.7) from LMD-54 for a one-time refund to LMD-54 property owners.

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

ATTACHMENTS

1. FY 2025-26 Consolidated Engineers Report

2. Resolution Initiating Proceedings

3. Resolution Approving Consolidated Engineer’s Report FY 2025-26

4. Resolution Declaring the Intent to Levy FY 2025-26 (ROI)

5. June 20, 2017 Staff Report Item L.1

6. City of Oxnard Special Districts Map

7. City of Oxnard Special Districts List

8. Presentation

55 URL link to the FY 2025-26 Consolidated Engineer’s Report:
https://www.oxnard.gov/wp-content/uploads/Oxnard-LMD-Engineers-Report-25-26-Intent-Compressed.pdf 56 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD, CALIFORNIA,

INITIATING PROCEEDINGS TO LEVY ASSESSMENTS AGAINST REAL PROPERTY FOR FISCAL YEAR 2025 -26 IN CONNECTION WITH THE CITY’S LANDSCAPE

MAINTENANCE DISTRICTS

WHEREAS, the City Council of the City of Oxnard has, by prior resolutions, established a number of Landscape Maintenance Districts (collectively the “Assessment Districts”) pursuant to the Landscaping and Lighting Act of 1972 (Streets & Highways Code Section 22500 et seq. ) (the “Act”); and
WHEREAS, a complete list of the Assessment Districts is attached hereto as Exhibit A and incorporated herein by reference as though fully set forth; and WHEREAS, for each of the Assessment Districts, the City levies an annual assessment against real property to fund public improvements that specially benefit the parcels located in that Assessment District; and
WHEREAS, the City has engaged NBS (the “Assessment Engineer”) to provide assessment engineering services in connection with the Assessment Districts; and WHEREAS, the City Council desires to initiate proceedings to levy assessments in connection with the Assessment Districts for Fiscal Year (FY) 2025-26.

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

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

2. Initiation of Proceedings. Pursuant to Section 22622 of the Act, the City Council hereby initiates proceedings in connection with the Assessment Districts for the levy of assessments for FY 2025-26.

3. O
rder to Engineer . The Assessment Engineer is hereby ordered to prepare and file reports pursuant to Section 22565 et seq. of the Act with respect to the FY 2025- 26 levy of assessments in connection with each of the Assessment Districts. These reports may be consolidated into a single document for administrative convenience.

4. I
mprovements . The improvements associated with each of the Assessment Districts are substantially the same improvements as in FY 2024-25.

5. P rojects . In accordance with Streets and Highways Code Section 22660(a), the City Council hereby determines that the estimated cost of certain proposed improvements are 57 Resolution No.

Resolution Initiating Proceedings LMDs FY 2025-26

Page 2 ends

greater than can conveniently be raised from a single assessment and, as a result, will be collected in installments. General descriptions of these improvements, as well as the estimated costs thereof, the number of annual installments and years during which they are to be collected, and the maximum amount of each annual installment, are described in the Exhibit B attached hereto and incorporated herein by reference as though fully set forth.

Moneys collected from the annual installments shall be accumulated in the improvement fund until there are sufficient moneys to pay all or part of the cost of the improvements.

6. Severability. If any provision of this Resolution or the application of any such provision is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable and that the City Council declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution.

7. E ffective Date. This Resolution shall be effective immediately upon adoption.

8. Certification. The City Clerk shall certify to the adoption of this Resolution, and shall maintain on file as a public record this Resolution.

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58 Resolution No.

Resolution Initiating Proceedings LMDs FY 2025-26

Page 3 ends

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________________
Luis A. Mc Arthur, Mayor

ATTEST:

_____________________________
Lourdes A. Lopez, City Clerk

APPROVED AS TO FORM:

_____________________________________
Stephen M. Fischer, City Attorney

59 Resolution No.

Resolution Initiating Proceedings LMDs FY 2025-26

Page 4 ends

EXHIBIT A

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICTS
District Name Formation
Date Resolution No.

Landscape Maintenance District No. 3
(River Ridge) March 18, 1986 8983
Landscape Maintenance District No. 10
(Country Club Estates) December 13, 1988 9587
Landscape Maintenance District No. 11
(St. Tropez) January 3, 1989 9603
Landscape Maintenance District No. 12
(Standard Pacific) March 28, 1989 9665
Landscape Maintenance District No. 13
(Le Village) March 20, 1990 9894
Landscape Maintenance District No. 14
(California Cove) June 5, 1990 9972
Landscape Maintenance District No. 16
(California Lighthouse) July 9, 1991 10206
Landscape Maintenance District No. 23
(Greystone) June 18, 1996 11071
Landscape Maintenance District No. 24
(Vineyards) June 18, 1996 11072
Landscape Maintenance District No. 25
(The Pointe) June 18, 1996 11073
Landscape Maintenance District No. 27
(Rose Island) June 24, 1997 11259
Landscape Maintenance District No. 28
(Harborside) June 24, 1997 11260
Landscape Maintenance District No. 30
(Haas Automation) June 24, 1997 11261
Landscape Maintenance District No. 31
(Rancho De La Rosa) June 23, 1998 11415
Landscape Maintenance District No. 32
(Oak Park) February 23, 1999 11505
Landscape Maintenance District No. 33
(El Paseo) October 19, 1999 11653
Landscape Maintenance District No. 34
(Sunrise Pointe & Sunset Cove) October 19, 1999 11654
Landscape Maintenance District No. 36
(Villa Santa Cruz & Villa Carmel) January 25, 2000 11684 Landscape Maintenance District No. 37
(Pacific Breeze) January 25, 2000 11685

60 Resolution No.

Resolution Initiating Proceedings LMDs FY 2025-26

Page 5 ends

District Name Formation
Date Resolution No.

61 Resolution No.

Resolution Initiating Proceedings LMDs FY 2025-26

Page 6 ends

EXHIBIT B

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICT PROJECTS
62 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $2,333.33 $7,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $7,000.00 $0.00 $0.00 $0.00 $7,000.00
$2,333.33 $2,333.33 $0.00 $0.00 $0.00 $4,666.67
District-wide tree trimming $333.33 $1,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $1,000.00 $0.00 $0.00 $0.00 $1,000.00
$333.33 $333.33 $0.00 $0.00 $0.00 $666.67
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
District-wide tree trimming $666.67 $2,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $2,000.00 $0.00 $0.00 $0.00 $2,000.00
$666.67 $666.67 $0.00 $0.00 $0.00 $1,333.33
District-wide tree trimming $833.33 $2,500.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $2,500.00 $0.00 $0.00 $0.00 $2,500.00
$833.33 $833.33 $0.00 $0.00 $0.00 $1,666.67
District-wide tree trimming $2,333.33 $7,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $7,000.00 $0.00 $0.00 $0.00 $7,000.00
$2,333.33 $2,333.33 $0.00 $0.00 $0.00 $4,666.67
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$7,000.00
Project Subtotal
$0.00
Project Subtotal
Annual Installment Totals
22303801LMD No. 23 (Greystone) $0.00
Project Subtotal
$0.00
Project Subtotal
Annual Installment Totals
21203801LMD No. 12 (Standard
Pacific) $2,000.00
Project Subtotal
Annual Installment Totals
21303801LMD No. 13 (Le Village) $2,500.00
20303801LMD No. 3 (River Ridge) $7,000.00
Project Subtotal
Annual Installment Totals
21003801LMD No. 10 (Country Club
Estates) $1,000.00
Project Subtotal
LMD No. 11 (St. Tropez)
Project Subtotal
Annual Installment Totals
21403801LMD No. 14 (California
Cove)
Annual Installment Totals
Annual Installment Totals
21103801
Annual Installment Totals
21603801LMD No. 16 (California
Lighthouse)
63 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $3,666.67 $11,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $11,000.00 $0.00 $0.00 $0.00 $11,000.00
$3,666.67 $3,666.67 $0.00 $0.00 $0.00 $7,333.33
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
District-wide tree trimming $1,666.67 $5,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair/replace; wall/fencing repair/replace $3,750.00 $15,000.00 $0.00 $5,000.00 $15,000.00 $0.00 $0.00 $20,000.00
$6,666.67 $6,666.67 $5,000.00 $0.00 $0.00 $18,333.33
District-wide tree trimming $5,000.00 $15,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair/replace; wall/fencing repair/replace
$0.00 $15,000.00 $0.00 $0.00 $0.00 $15,000.00
$5,000.00 $5,000.00 $0.00 $0.00 $0.00 $10,000.00
District-wide tree trimming $3,333.33 $10,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair/replace; wall/fencing repair/replace
$0.00 $10,000.00 $0.00 $0.00 $0.00 $10,000.00
$3,333.33 $3,333.33 $0.00 $0.00 $0.00 $6,666.67
District-wide tree trimming $13,333.33 $40,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, mailboxes) $0.00 $0.00 $40,000.00 $0.00 $0.00 $40,000.00
$13,333.33 $13,333.33 $13,333.33 $0.00 $0.00 $40,000.00 District-wide tree trimming $2,666.67 $8,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair/replace
$0.00 $8,000.00 $0.00 $0.00 $0.00 $8,000.00
$2,666.67 $2,666.67 $0.00 $0.00 $0.00 $5,333.33
$8,000.00
Project Subtotal
Annual Installment Totals
$15,000.00
Project Subtotal
Annual Installment Totals
23003801LMD No. 30 (Haas
Automation) $10,000.00
Project Subtotal
Annual Installment Totals
23103801LMD No. 31 (Rancho De La
Rosa) $40,000.00
$11,000.00
Project Subtotal
Annual Installment Totals
22503801LMD No. 25 (The Pointe) $0.00
Project Subtotal
Annual Installment Totals
22703801LMD No. 27 (Rose Island) $20,000.00
Project Subtotal
Annual Installment Totals
22803801LMD No. 28 (Harborside)
22403801LMD No. 24 (Vineyards)
Project Subtotal
Annual Installment Totals
23203801LMD No. 32 (Oak Park)
64 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $6,666.67 $20,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Fencing Replacement/Rehab
Sidewalk repair/replace
$0.00 $20,000.00 $0.00 $0.00 $0.00 $20,000.00
$6,666.67 $6,666.67 $0.00 $0.00 $0.00 $13,333.33
District-wide tree trimming $11,666.67 $35,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair/replace
$0.00 $35,000.00 $0.00 $0.00 $0.00 $35,000.00
$11,666.67 $11,666.67 $0.00 $0.00 $0.00 $23,333.33
District-wide tree trimming $17,500.00 $70,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, lights)
$0.00 $0.00 $70,000.00 $0.00 $0.00 $70,000.00
$17,500.00 $17,500.00 $17,500.00 $0.00 $0.00 $52,500.00 District-wide tree trimming $1,333.33 $4,000.00
Irrigation Audit/Rehabilitation $5,000.00 $15,000.00
Landscape rehabilitation
Sidewalk repair/replace $45,000.00
$45,000.00 $19,000.00 $0.00 $0.00 $0.00 $64,000.00
$51,333.33 $6,333.33 $0.00 $0.00 $0.00 $57,666.67
District-wide tree trimming $8,750.00 $35,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, lights)
$0.00 $0.00 $35,000.00 $0.00 $0.00 $35,000.00
$8,750.00 $8,750.00 $8,750.00 $0.00 $0.00 $26,250.00
District-wide tree trimming $8,333.33 $25,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, mailboxes, lights) Oxnard Trail Phase II Lighting Project
$0.00 $25,000.00 $0.00 $0.00 $0.00 $25,000.00
$8,333.33 $8,333.33 $0.00 $0.00 $0.00 $16,666.67
$25,000.00
Project Subtotal
Annual Installment Totals
23903801 LMD No. 39 (Promesa &
Sueno)
$70,000.00
Project Subtotal
Annual Installment Totals
23703801LMD No. 37 (Pacific
Breeze) $64,000.00
Project Subtotal
Annual Installment Totals
23803801LMD No. 38 (Aldea Del
Mar) $35,000.00
23303801LMD No. 33 (El Paseo) $20,000.00
Project Subtotal
Annual Installment Totals
23403801LMD No. 34 (Sunrise
Pointe & Sunset Cove) $35,000.00
Project Subtotal
Annual Installment Totals
23603801LMD No. 36 (Villa Santa
Cruz & Villa Carmel)
Project Subtotal
Annual Installment Totals
65 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $3,333.33 $10,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, mailboxes, lights) Oxnard Trail Phase II Lighting Project
$0.00 $10,000.00 $0.00 $0.00 $0.00 $10,000.00
$3,333.33 $3,333.33 $0.00 $0.00 $0.00 $6,666.67
District-wide tree trimming $5,000.00 $15,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, lights) $0.00 $15,000.00 $0.00 $0.00 $0.00 $15,000.00
$5,000.00 $5,000.00 $0.00 $0.00 $0.00 $10,000.00
District-wide tree trimming $5,000.00 $15,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, monument signs, lights) $0.00 $15,000.00 $0.00 $0.00 $0.00 $15,000.00
$5,000.00 $5,000.00 $0.00 $0.00 $0.00 $10,000.00
District-wide tree trimming $13,333.33 $40,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, lights) $0.00 $40,000.00 $0.00 $0.00 $0.00 $40,000.00
$13,333.33 $13,333.33 $0.00 $0.00 $0.00 $26,666.67
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, lights, trash cans, arbors) LMD 43 Greenbelt Lighting Replacement Project (C2407) $150,000.00 $115,000.00 $115,000.00 $0.00 $0.00 $0.00 $0.00 $115,000.00
$115,000.00 $0.00 $0.00 $0.00 $0.00 $115,000.00
District-wide tree trimming $11,333.33 $34,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, lights, mailboxes, playground) Oxnard Trail Phase II Lighting Project
$0.00 $34,000.00 $0.00 $0.00 $0.00 $34,000.00
$11,333.33 $11,333.33 $0.00 $0.00 $0.00 $22,666.67
24603801LMD No. 46 (Daily Ranch) $34,000.00
Project Subtotal
Annual Installment Totals
$15,000.00
Project Subtotal
Annual Installment Totals
24203801LMD No. 42 (Cantabria &
Coronado) $40,000.00
$115,000.00
Project Subtotal
Annual Installment Totals
24103801LMD No. 41 (Pacific Cove)
23913801 LMD No. 39 (DR Horton) $10,000.00
$15,000.00
Project Subtotal
Annual Installment Totals
Project Subtotal
Annual Installment Totals
24003801LMD No. 40 (Cantada)
Project Subtotal
Annual Installment Totals
24303801 LMD No. 43 (Greenbelt)
66 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $8,333.33 $25,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, monument signs, lights, mailboxes) $0.00 $25,000.00 $0.00 $0.00 $0.00 $25,000.00
$8,333.33 $8,333.33 $0.00 $0.00 $0.00 $16,666.67
District-wide tree trimming
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, lights) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
District-wide tree trimming $4,000.00 $8,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Sidewalk repair / replace
$0.00 $8,000.00 $0.00 $0.00 $0.00 $8,000.00
$4,000.00 $4,000.00 $0.00 $0.00 $0.00 $8,000.00
District-wide tree trimming $8,750.00 $35,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, monument signs, lights, playground) $38,750.00 $155,000.00 $0.00 $0.00 $190,000.00 $0.00 $0.00 $190,000.00
$47,500.00 $47,500.00 $47,500.00 $0.00 $0.00 $142,500.00 District-wide tree trimming $8,333.33 $25,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation $3,000.00 $15,000.00
Amenities repair / replacement (sidewalks, fencing, mailboxes, lights) $6,000.00 $30,000.00 $0.00 $25,000.00 $0.00 $45,000.00 $0.00 $70,000.00
$17,333.33 $17,333.33 $9,000.00 $9,000.00 $0.00 $52,666.67 District-wide tree trimming $1,000.00 $3,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, mailboxes, lights) $0.00 $3,000.00 $0.00 $0.00 $0.00 $3,000.00
$1,000.00 $1,000.00 $0.00 $0.00 $0.00 $2,000.00
District-wide tree trimming $1,000.00 $3,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing) $5,000.00 $15,000.00 $0.00 $18,000.00 $0.00 $0.00 $0.00 $18,000.00
$6,000.00 $6,000.00 $0.00 $0.00 $0.00 $12,000.00
$3,000.00
Project Subtotal
Annual Installment Totals
25403801LMD No. 54 (Meadowcrest
Villas) $18,000.00
Annual Installment Totals
Project Subtotal
$8,000.00
Project Subtotal
Annual Installment Totals
25103801LMD No. 51 (Pfeiler) $190,000.00
$70,000.00
Project Subtotal
Annual Installment Totals
Project Subtotal
Annual Installment Totals
25203801LMD No. 52 (Wingfield)
24703801LMD No. 47 (Sycamore
Place) $25,000.00
$0.00
Project Subtotal
Annual Installment Totals
24903801LMD No. 49 (Cameron
Ranch)
Project Subtotal
Annual Installment Totals
25003801LMD No. 50 (Pleasant
Valley Senior Housing)
25303801LMD No. 53 (Huff Court)
67 Account Code District Project Name Annual Installments FY 25/26 Project Total
FY 26/27 Project
Total
FY 27/28 Project
Total
FY 28/29 Project
Total
FY 29/30 Project
Total
5-Year Estimated
Total Expense
District-wide tree trimming $5,000.00 $15,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, fencing, mailboxes, lights) $0.00 $15,000.00 $0.00 $0.00 $0.00 $15,000.00
$5,000.00 $5,000.00 $0.00 $0.00 $0.00 $10,000.00
District-wide tree trimming $2,666.67 $8,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, lights, fencing) $0.00 $8,000.00 $0.00 $0.00 $0.00 $8,000.00
$2,666.67 $2,666.67 $0.00 $0.00 $0.00 $5,333.33
District-wide tree trimming $1,666.67 $5,000.00
Irrigation Audit/Rehabilitation
Landscape rehabilitation
Amenities repair / replacement (sidewalks, lights, fencing, trash containers, arbors) $0.00 $5,000.00 $0.00 $0.00 $0.00 $5,000.00
$1,666.67 $1,666.67 $0.00 $0.00 $0.00 $3,333.33Annual Installment Totals $15,000.00
Project Subtotal
Annual Installment Totals
25803801LMD No. 58 (Westwind) $8,000.00
Project Subtotal
Annual Installment Totals
26003801LMD No. 60 (Artisan) $5,000.00
25503801LMD No. 55 (Wingfield
West)
Project Subtotal
68 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.

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 2025-26 IN CONNECTION WITH THE CITY’S LANDSCAPE MAINTENANCE DISTRICTS
WHEREAS, the City Council of the City of Oxnard has, by prior resolutions, established a number of Landscape Maintenance Districts (collectively the “Assessment Districts”) pursuant to the Landscaping and Lighting Act of 1972 (Streets & Highways Code Section 22500 et seq.) (the “Act”); and
WHEREAS, a complete list of the Assessment Districts is attached hereto as Exhibit A and incorporated herein by reference as though fully set forth; and WHEREAS, in connection with each of the Assessment Districts, the City levies an annual assessment against real property to fund public improvements that specially benefit the parcels located in that Assessment District; and
WHEREAS, the City has engaged NBS (the “Assessment Engineer”) to provide assessment engineering services in connection with the Assessment Districts; and WHEREAS, by prior resolution the City Council ordered the Assessment Engineer to prepare and file reports pursuant to Section 22565 et seq. of the Act with respect to the FY 2025-26 levy of assessments for each of the Assessment Districts; and
WHEREAS, the Assessment Engineer has prepared and filed a consolidated report entitled “City of Oxnard Fiscal Year 2025-26 Consolidated Engineer’s Report for Landscape Maintenance Districts,” (the “Report”) which is on file in the Office of the City Clerk, available for public inspection, and the Report is incorporated herein by this reference; and WHEREAS, the City Council now desires to approve the Report NOW, THEREFORE, the City Council of the City of Oxnard resolves:

1. Recitals. The above recitals are all true and correct and incorporated herein by this reference.

2. Approval of Report. The City Council hereby approves the Report as filed.

3. Severability. If any provision of this Resolution or the application of any such provision is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable and that the City Council declares that 69 Resolution No.

Resolution Approving Consolidated Engineers Report FY 2025-26

Page 2 ends

it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution.

6. Effective Date. This Resolution shall be effective immediately upon adoption.

7. Certification. The City Clerk shall certify to the adoption of this Resolution, and shall maintain on file as a public record this Resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2025 by the following vote:

AYES:

NOES:

ABSENT:

Resolution Approving Consolidated Engineers Report FY 2025-26

Page 3 ends

EXHIBIT A

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICTS
FormationDistrict Name Date Resolution No.

Resolution Approving Consolidated Engineers Report FY 2025-26

Page 4 ends

FormationDistrict Name Date Resolution No.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD, CALIFORNIA,

DECLARING ITS INTENTION TO LEVY ASSESSMENTS AGAINST REAL PROPERTY FOR FISCAL YEAR 2025-26 IN CONNECTION WITH THE CITY’S LANDSCAPE

MAINTENANCE DISTRICTS
WHEREAS, the City Council of the City of Oxnard has, by prior resolutions, established a number of Landscape Maintenance Districts (collectively the “Assessment Districts” and each an “Assessment District”) pursuant to the Landscaping and Lighting Act of 1972 (Streets & Highways Code Section 22500 et seq.) (the “Act”); and
WHEREAS, a complete list of the Assessment Districts is attached hereto as Exhibit A and incorporated herein by reference; and
WHEREAS, in connection with each of the Assessment Districts, the City levies an annual assessment against real property to fund landscape maintenance that specially benefits the parcels located in that Assessment District; and
WHEREAS, the City has engaged NBS (the “Assessment Engineer”) to provide assessment engineering services in connection with the Assessment Districts; and WHEREAS, by prior resolution the City Council ordered the Engineer to prepare and file reports pursuant to Section 22565 et seq. of the Act with respect to the FY 2025-26 levy of assessments in connection with each of the Assessment Districts; and WHEREAS, by prior resolution the City Council approved as filed a consolidated report of the Assessment Engineer entitled “City of Oxnard Fiscal Year 2025-26 Consolidated Engineer’s Report for Landscape Maintenance Districts” (the “Report”), which is on file in the Office of the City Clerk, available for public inspection, and incorporated herein by reference; and WHEREAS, the City Council desires to declare its intention to levy the assessments for FY 2025- 26 as described in the Report.

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

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

2. Declaration of Intent. The City Council hereby declares its intention to levy and collect assessments for FY 2025-26 within each Assessment District.

3. Name and Location of Assessment Districts. The name of each Assessment District is set forth in Exhibit A. The locations of each Assessment District are generally described in the name of the Assessment District and more specifically described in the Report. 73 Resolution No.

Resolution Declaring the Intent to Levy FY 2025-26 (ROI)

Page 2 ends

4. Description of Improvements. Each Assessment District will fund landscape improvements, including, to the extent authorized by the formation documents for the District, associated hardscape, ornamental improvements, benches, lighting and other appurtenances. No substantial change to the improvements is proposed to be made for FY 2025-26.

5. Reference to Report. Reference is made to the Report for a full and detailed description of (i) the landscape improvements; (ii) the boundaries of the Assessment Districts; and (iii) the proposed assessments upon assessable lots and parcels of land within the Assessment Districts. The Report describes, among other things, each affected parcel of real property and the amount of the assessment for each such affected parcel for FY 2025-26.

6. As set forth in more detail in the Report, the assessments in connection with some of the Assessment Districts will be higher than in FY 2024-25. In no case will the rates for an Assessment District be higher than the maximum assessment rate previously approved for the Assessment District, as adjusted by any previously approved CPI adjustment.

7. Public Hearing. On June 17, 2025 at 6:00 p.m. or as soon thereafter as practical, in the City Council Chambers, at 305 West Third Street, Oxnard, California, the City Council will hold a full and fair public hearing on the question of the levy of the proposed assessments for FY 2025-26 (the “Hearing”). At the Hearing, the City Council will also hear and consider any objections or protests to the Report.

8. Notice. Notice of the Hearing shall be given in the manner set forth in Section 22626(a) of the Act.

9. Protest. Pursuant to Section 22628 of the Act, any interested person may, prior to the conclusion of the Hearing, file a written protest with the City Clerk of the City of Oxnard or, having previously filed a protest, may file a written withdrawal of that protest. A written protest shall state all grounds of objection. A protest by a property owner shall contain a description sufficient to identify the property owned by the property owner.

10. Severability. If any provision of this Resolution or the application of any such provision is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable and that the City Council declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution.

11. Effective Date. This Resolution shall be effective immediately upon adoption.

12. Certification. The City Clerk shall certify to the adoption of this Resolution, and shall maintain on file as a public record this Resolution.
74 Resolution No.

Resolution Declaring the Intent to Levy FY 2025-26 (ROI)

Page 3 ends

PASSED, APPROVED AND ADOPTED on this ____ day of JUNE, 2025 by the following vote:

AYES:

NOES:

ABSENT:

Resolution Declaring the Intent to Levy FY 2025-26 (ROI)

Page 4 ends

EXHIBIT A

CITY OF OXNARD

LANDSCAPE MAINTENANCE DISTRICTS
FormationDistrict Name Date Resolution No.

Resolution Declaring the Intent to Levy FY 2025-26 (ROI)

Page 5 ends

FormationDistrict Name Date Resolution No.

Landscape Maintenance District No. 38
(Aldea Del Mar) November 28, 2000 11863
Landscape Maintenance District No. 39
(Promesa/Sueno & DR Horton/Seawinds) March 6, 2001 11905 Landscape Maintenance District No. 40
(Cantada) January 8, 2002 12078
Landscape Maintenance District No. 41
(Pacific Cove) January 8, 2002 12079
Landscape Maintenance District No. 42
(Cantabria & Coronado) May 14, 2002 12144
Landscape Maintenance District No. 43
(Greenbelt) January 7, 2003 12295
Landscape Maintenance District No. 46
(Daily Ranch) June 24, 2003 12440
Landscape Maintenance District No. 47
(Sycamore Place) April 22, 2003 12355
Landscape Maintenance District No. 49
(Cameron Ranch) June 3, 2003 12394
Landscape Maintenance District No. 50
(Pleasant Valley Senior Housing) June 10, 2003 12404
Landscape Maintenance District No. 51
(Pfeiler) April 19, 2005 12799
Landscape Maintenance District No. 52
(Wingfield) February 1, 2005 12768
Landscape Maintenance District No. 53
(Huff Court) June 7, 2005 12879
Landscape Maintenance District No. 54
(Meadowcrest) March 28, 2006 13024
Landscape Maintenance District No. 55
(Wingfield West) March 28, 2006 13025
Landscape Maintenance District No. 58
(Westwind) June 6, 2006 13069
Landscape Maintenance District No. 60
(Artisan) March 3, 2009 13604
77 78
79 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
80 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
81 Fiscal Year 2025-26 Landscape Maintenance
Districts Initiation of Proceedings to Levy
Assessments, Approval of a Consolidated
Engineers Report and Declaration of Intention
to Levy Assessments.

Finance & Governance Committee
May 13, 2025
City Council
June 3, 2025
Public Hearing
June 17, 2025
Anthony Miller
Special Districts Manager
82 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):

4. Approve a one-time fund balance contribution from the General Fund to LMD-49 in the amount of $55,401.45 as outlined in this staff report; and

5. Approve a distribution of LMD-54 reserve fund balance in the amount of $30,902.20 to the equivalent benefit units in LMD-54 as outlined in this staff report.

RECOMMENDATION 2
83 That the City Council acting as the legislative body of the City of Oxnard Landscape Maintenance Districts (LMDs):

4. Approve a one-time fund balance contribution from the General Fund to LMD-49 in the amount of $55,401.45 as outlined in this staff report; and

5. Approve a distribution of LMD-54 reserve fund balance in the amount of $30,902.20 to the equivalent benefit units in LMD-54 as outlined in this staff report.

RECOMMENDATION 3
84 MAP OF SPECIAL DISTRICTS IN THE CITY OF OXNARD 4
More information can be
found at:
www.oxnard.gov/public-
works/special-districts
85 • The Special Districts Division of the Public Works Department manages 50 Special Financing Districts which includes 36 LMDs.
• The City has allowed property owners (i.e. developers) to use special financing districts (e.g. LMDs) to fund the annual cost of maintaining certain public improvements that benefit the properties within the district.
• Typically, the developer installed the public improvements at the time of development and benefiting property owners pay for the cost of maintaining the improvements (i.e., special benefit) through a special assessment included on the property’s annual property tax bill.

BACKGROUND 5
86 • Revenue received from the assessment funds the cost to provide the Special Benefit, as outlined in the Consolidated Engineer’s Report
• Assessments are levied annually and collected on the property tax roll. Each year, the City Council must conduct proceedings to levy the assessments.
• Revenue received from the assessments partially funds the ongoing maintenance of public improvements provided by each district and, in some cases, is collected for future work that is conducted on a less than annual basis.

BACKGROUND 6
87 • If the Committee approves the recommendation in this report a Public Hearing will be set for June 17, 2025, during which the City Council will consider three resolutions.
• If adopted by City Council, the Resolutions will:
1) initiate proceedings to levy the annual assessments; 2) approve the Consolidated Engineer’s Report for the
districts; and
3) declare the intent to levy assessments on the FY 2025-26 property tax roll. As a part of the resolution declaring the intent to levy, a public hearing date is set (June 17, 2025) where a resolution confirming diagrams and assessments will be
considered.
• This is a process that is required each year.

BACKGROUND 7
88 • The Landscaping and Lighting Assessment Act of 1972 requires the City Council to annually Initiate Proceedings by Resolution, approve the Consolidated Engineers Report
through a Resolution, and state the Council’s Intent to Levy the annual assessment through a Resolution
• In compliance with the Act, an annual review and evaluation of each district’s revenues and expenditures, contained in the Consolidated Engineer’s Report, is conducted.
• This Report consolidates the City’s 36 LMDs into a single report, but evaluates each district individually.

DISCUSSION 8
89 • The Report includes a description of the improvements, the projected annual maintenance costs, and funding to be
collected for projects done on a less than annual basis, if any, the method of assessment apportionment for each lot or
parcel within each district’s boundaries, and a diagram showing the parcels within that district.
• The Report also provides an analysis of each district’s annual financial status.
• It separates and apportions the cost of General Benefit, other costs funded by a non-assessment fund, and the cost of
Special Benefit to the benefiting properties is funded by the applied assessment rate.

DISCUSSION 9
90 • The actual services provided to each district varies from district to district and are based upon the property owner approved services and funding.
• The applied assessment rate is the amount needed to fund the services of each district and is the amount actually levied on the property tax roll.
• It cannot exceed the maximum assessment rate that was originally approved for each district.
• After completing an individual analysis of each district’s current level of service, anticipated expenditures, fund balance, assigned reserve levels, and future work, it is recommended to set the applied rates as set forth in the Report.

DISCUSSION 10
91 • Parcel specific detail of the proposed maximum and applied assessment is included in the Report as linked and is also available from the City Clerk’s office and accessible from the City’s website (www.oxnard.gov).
• Costs considered to be of General Benefit, as defined in the Report, are not allowed to be assessed to the properties and therefore are apportioned as a non-assessment fund expense. • The General Fund is proposed to cover additional costs, including a one-time contribution to LMD 49, which are outlined in the Fiscal Impact section of this Report.
• The FY 2025-26 Proposed Operating Budget includes funds necessary to cover these costs.

DISCUSSION 11
92 • Additionally, LMD 54 is projected to have too high of a fund balance than allowed and subsequently, will be providing refunds to property owners within the district. The specific amount is outlined in the Fiscal Impact section of this Report. • Funds received for the benefit of each district are restricted and can only be used within the district and for the purposes for which they were collected.

DISCUSSION 12
93 • Some of the District’s applied assessment rates are proposed to increase from last year while others are expected to decrease. This is due to changes in expected maintenance expenses, completion of scheduled projects, services such as tree trimming, sidewalk grinding, removal and replacement of displaced sidewalks, irrigation repair, electrical systems repair, and lighting repair and replacement.
• In no district is the assessment levied at a rate that is higher than the maximum assessment.
• The deadline for delivering the assessment information to Ventura County is July 7, 2025.

DISCUSSION 13
94 • For FY 2025-26, the proposed assessment calculations are as follows (rounded):
• $1,579,318 in real property assessments;
• $116,451 interest income;
• a general benefit contribution of $220,437 from the
General Fund;
• a subsidy from the General Fund of $101,418 for utilities; • a one-time assessment refund to property owners in LMD 54 in the total amount of $30,927; and
• a one-time general fund contribution to LMD-49 in the amount of $55,401 in order to balance the District’s fund.

FINANCIAL IMPACT 14
95 QUESTIONS
15 96

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.3

DATE: May 13, 2025

TO: Finance & Governance Committee

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

SUBJECT: Fiscal Year (FY) 2025-26 Resolution to Levy Assessments in Mandalay Beach Maintenance District. (10 minutes)

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 on June 3, 2025, to receive public testimony regarding the proposed Fiscal Year 2025-26 assessments for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2025-26 within the Mandalay Beach Maintenance District for Fiscal Year 2025-26.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/aAmkz5nZ4XU

BACKGROUND

Special Districts is a Division of the Public Works Department and manages a total of 50 special financing districts, which includes one Maintenance Assessment District (the “District” or "MAD 4"). On November 22, 1983, the Mandalay Beach Maintenance District (MAD 4) was formed, pursuant to the Improvement Act of 1911, to recover the cost of the City’s maintenance of the 36-acre beach area, plus landscaping the public rights-of-way within Tract No. 2923. The formation of the District was required as a condition of development imposed by the California Coastal Commission and as a provision of a development agreement with the City.

The assessments are exempt from Article XIII D of the California Constitution by reason of Section 5 thereof.

The management of MAD 4 by the City became effective on July 1, 1986. On July 5, 1988, City Council adopted Resolution No. 9500, which shifted the bulk of the District’s beach maintenance costs from the residents of The Colony to The Mandalay Beach Resort Hotel (Zachari Dunes, “The Hotel”). City Council adopted the current assessment amounts on April 6, 1999, via Resolution No. 11566. Due to the passage of Proposition 218, this assessment is capped at these rates, unless a Proposition 218 action is taken by the voters/property owners as required.

DISCUSSION

The total cost for maintenance operations within MAD 4 for both beach and landscape maintenance in Fiscal 97 Year 2025-26 (FY 2025-26) is anticipated to be $53,921. The total assessment levy for FY 2025-26 is unchanged from FY 2024-25 at $39,446, and is computed as follows:

1. LANDSCAPE MAINTENANCE - $21,346

The City’s Special Districts Division manages the landscape areas along Falkirk Avenue, Harbor Boulevard, Mandalay Beach Road, and Costa del Oro. The District’s combined budget for landscaping and beach maintenance costs for FY 2025-26 is $53,921, of which the City’s maximum allowable assessment in accordance with Resolution No. 11566 is $21,346 for the purpose of landscape maintenance. In accordance with Resolution No. 9500, $16,095 is paid by The Colony residential development, and $5,251 is paid by The Hotel (75% to The Colony; 25% to The Hotel).

2. BEACH MAINTENANCE - $18,100 (MAD 4 share split between The Colony and The Hotel)

The agreements between the City and the developers of MAD 4 assign the responsibility for beach maintenance costs based on the relative length of beach area that fronts both the Hotel and the public beach property (park). The total maximum assessment for beach maintenance is $30,092 per Resolution 11,556 with $45 for County assessment costs borne by the District. Per Resolution 9500, District responsibility for this assessment is $18,055 (60%) and City responsibility as part of the total operating cost of Ololkoy Beach Park is $12,037 (40%). The District’s 60 percent and $45 County Collection Fee obligation ($18,100) is further apportioned into two parts. 75.4 percent ($13,647) is paid by The Hotel and 24.6 percent ($4,453) is paid by The Colony residents. The annual assessment for beach maintenance is as follows:

Annual Costs = $30,137 (Incl.

County Collection Fee)
District City
Percent Share of $30,092 x 60% x 40%
FY 2025-26 Shared Costs $18,055 $12,037
County Collection Fee $45 $0
Total Beach Maintenance Cost $18,100 $12,037

Hotel Share (75.4% of $18,100) $13,647
Colony's Share (24.6% of $18,100) $4,453

The maximum FY 2025-26 assessment for both landscaping ($21,346) and beach maintenance ($18,100) is $39,446. The Hotel pays $18,898 ($5,251 for landscaping + $13,647 for beach maintenance) and The Colony residents pay $20,548 ($16,095 + $4,453). The County assessment fee is estimated to be $45. The City’s contribution for beach maintenance is set at $12,037. The total FY 2025-26 budget for MAD 4 is proposed to be $53,921. Any expenses beyond that which can be funded via the district’s assessments and defined City contributions will be funded via district fund balance.

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 part of their annual property tax bill. The assessments are a continuation of previously approved assessments. Funds received for the benefit of the District are restricted and can only be used to fund the services of the District.

98 For FY 2025-26, the proposed budget for MAD 4 is $53,921. The City will assess the property owners within the District $39,446 in FY 2025-26 to pay landscape maintenance costs and 60% of beach maintenance costs.

The City’s portion of the beach maintenance is 40% ($12,037) and will be included in the Proposed Budget for FY 2025-26 as a transfer in contribution to MAD 4 from the General Fund for a combined total expected revenue of $51,483.

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

ATTACHMENTS

1. Resolution Approving FY 2025-26 Levy of MAD 4

2. MAD 4 Assessment Roll FY 2025-26

3. MAD 4 Map of Authorized Improvements

4. City of Oxnard Resolution 9500

5. City of Oxnard Resolution 11566

6. Special Districts Map

7. Special Districts List

8. Presentation

99 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 FOR FISCAL YEAR 2025-26 WITHIN THE MANDALAY

BEACH MAINTENANCE DISTRICT
WHEREAS, by Resolution No. 8586, adopted November 22, 1983, the City Council formed the Mandalay Beach Maintenance District ("the District") pursuant to the maintenance district provisions of the Improvement Act of 1911 (Streets and Highways Code section 5820 et. seq.); and;
WHEREAS, formation of the District was required as a condition to development imposed by the California Coastal Commission and also as part of a development agreement between the City and the developer owning all of the parcels subject to 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 cost of maintaining and operating the improvements within the District, to decide whether the cost of such maintenance and operation shall be borne wholly or partially by the District, and to levy a special assessment tax within the District sufficient to raise the money to pay for such cost; and
WHEREAS, the City Council wishes to levy such assessments for FY 2025-26 in an amount sufficient to cover all of the expense of maintaining the landscaping and to cover 60% of the expense of maintaining the beach area, with the City paying the remaining 40% of the latter expense; and
WHEREAS, assessments were levied in the District in Fiscal Year 2024-25, and such assessments are not proposed to increase in Fiscal Year 2025-26; and WHEREAS, the assessments are imposed exclusively to finance the capital costs and maintenance and operation expenses for sidewalks, streets, water, flood control, drainage systems and vector control, inasmuch as the beach is public right of way that serves much as a street, manages water and is part of the flood control and drainage systems in the District, and the landscaping is located in or adjacent to sidewalks, streets and other public rights of way and maintenance of the landscaping involves irrigation and vector control; and WHEREAS, for the foregoing reasons, the assessments are exempt from Article XIII D of the California Constitution, by reason of section 5 thereof; and 100
Resolution No.

Special Tax for Mandalay Beach Maintenance District

Page 2 ends

WHEREAS, a description of the improvements and the proposed special assessment taxes on real property in the district is contained in the agenda report dated June 3, 2025 on file with the City Clerk ("the agenda report").

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

1. The City Council estimates the cost of maintaining and operating the improvements within the District for Fiscal Year 2025-26 at $53,921, with $39,446 to be paid from assessments and $12,037 to be paid by the City, as more particularly set out in the agenda report. The $39,446 is allocated as follows:
100% of landscape maintenance costs $21,346
60% of beach maintenance costs $18,100
Total $39,446

2. The $39,446 is apportioned among the property owners within the District, as follows:

24.6% of landscape maintenance costs to hotel parcel (APN #191-0-380-105)

75.4% of landscape maintenance costs to Colony condominium parcels (440 APNs)

24.6% of beach maintenance costs to Colony condominium parcels (440 APNs)

75.4% of beach maintenance costs to hotel parcel (APN #191-0-380-105)

3. The City Council levies a special assessment tax for FY 2025-26 on the real property in the District as follows and attached herein:

APN #191-0-380-105 ........................................................................... $18,898 $46.70 on each of 440 Colony APNs ................................................... $20,548

4. 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.

5. 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, 2025, a certified copy of this resolution.

PASSED, APPROVED AND ADOPTED on this ____ day of June 2025 by the following vote:

AYES:
101
Resolution No.

Special Tax for Mandalay Beach Maintenance District

Page 3 ends

NOES:

ABSENT:

ABSTAIN:
___________________________________
Luis A. Mc Arthur, Mayor
ATTEST:
_____________________________
Lourdes A. Lopez, City Clerk
APPROVED AS TO FORM:
_____________________________________
Stephen M. Fischer, City Attorney
102
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-380-105 2101 MANDALAY BEACH RD $18,898.00
191-0-390-015 2202 MARTINIQUE LN 46.70
191-0-390-025 2200 MARTINIQUE LN 46.70
191-0-390-035 2216 MARTINIQUE LN 46.70
191-0-390-045 2214 MARTINIQUE LN 46.70
191-0-390-055 2212 MARTINIQUE LN 46.70
191-0-390-065 2210 MARTINIQUE LN 46.70
191-0-390-075 2206 MARTINIQUE LN 46.70
191-0-390-085 2204 MARTINIQUE LN 46.70
191-0-390-095 2270 MARTINIQUE LN 46.70
191-0-390-105 2272 MARTINIQUE LN 46.70
191-0-390-115 2274 MARTINIQUE LN 46.70
191-0-390-125 2276 MARTINIQUE LN 46.70
191-0-390-135 2260 MARTINIQUE LN 46.70
191-0-390-145 2262 MARTINIQUE LN 46.70
191-0-390-155 2264 MARTINIQUE LN 46.70
191-0-390-165 2266 MARTINIQUE LN 46.70
191-0-390-175 2244 MARTINIQUE LN 46.70
191-0-390-185 2246 MARTINIQUE LN 46.70
191-0-390-195 2250 MARTINIQUE LN 46.70
191-0-390-205 2252 MARTINIQUE LN 46.70
191-0-390-215 2254 MARTINIQUE LN 46.70
191-0-390-225 2256 MARTINIQUE LN 46.70
191-0-390-235 2240 MARTINIQUE LN 46.70
191-0-390-245 2242 MARTINIQUE LN 46.70
191-0-390-255 2220 MARTINIQUE LN 46.70
191-0-390-265 2222 MARTINIQUE LN 46.70
191-0-390-275 2224 MARTINIQUE LN 46.70
191-0-390-285 2226 MARTINIQUE LN 46.70
191-0-390-295 2230 MARTINIQUE LN 46.70
191-0-390-305 2232 MARTINIQUE LN 46.70
191-0-390-315 2234 MARTINIQUE LN 46.70
191-0-390-325 2236 MARTINIQUE LN 46.70
191-0-390-335 2327 MARTINIQUE LN 46.70
191-0-390-345 2325 MARTINIQUE LN 46.70
191-0-390-355 2321 MARTINIQUE LN 46.70
191-0-390-365 2323 MARTINIQUE LN 46.70
191-0-390-375 2341 MARTINIQUE LN 46.70
191-0-390-385 2343 MARTINIQUE LN 46.70
191-0-390-395 2347 MARTINIQUE LN 46.70
191-0-390-405 2345 MARTINIQUE LN 46.70
191-0-390-415 2357 MARTINIQUE LN 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 1 of 11 04/24/2025 06:07:56AM 103
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-390-425 2355 MARTINIQUE LN 46.70
191-0-390-435 2353 MARTINIQUE LN 46.70
191-0-390-445 2351 MARTINIQUE LN 46.70
191-0-390-455 2367 MARTINIQUE LN 46.70
191-0-390-465 2365 MARTINIQUE LN 46.70
191-0-390-475 2363 MARTINIQUE LN 46.70
191-0-390-485 2361 MARTINIQUE LN 46.70
191-0-390-495 2377 MARTINIQUE LN 46.70
191-0-390-505 2375 MARTINIQUE LN 46.70
191-0-390-515 2373 MARTINIQUE LN 46.70
191-0-390-525 2371 MARTINIQUE LN 46.70
191-0-390-535 2387 MARTINIQUE LN 46.70
191-0-390-545 2385 MARTINIQUE LN 46.70
191-0-390-555 2383 MARTINIQUE LN 46.70
191-0-390-565 2381 MARTINIQUE LN 46.70
191-0-390-575 2382 VINA DEL MAR 46.70
191-0-390-585 2380 VINA DEL MAR 46.70
191-0-390-595 2376 VINA DEL MAR 46.70
191-0-390-605 2374 VINA DEL MAR 46.70
191-0-390-615 2372 VINA DEL MAR 46.70
191-0-390-625 2370 VINA DEL MAR 46.70
191-0-390-635 2386 MARTINIQUE LN 46.70
191-0-390-645 2384 VINA DEL MAR 46.70
191-0-390-655 2275 MARTINIQUE LN 46.70
191-0-390-665 2277 MARTINIQUE LN 46.70
191-0-390-675 2281 MARTINIQUE LN 46.70
191-0-390-685 2283 MARTINIQUE LN 46.70
191-0-390-695 2285 MARTINIQUE LN 46.70
191-0-390-705 2287 MARTINIQUE LN 46.70
191-0-390-715 2271 MARTINIQUE LN 46.70
191-0-390-725 2273 MARTINIQUE LN 46.70
191-0-390-735 2317 MARTINIQUE LN 46.70
191-0-390-745 2315 MARTINIQUE LN 46.70
191-0-390-755 2313 MARTINIQUE LN 46.70
191-0-390-765 2311 MARTINIQUE LN 46.70
191-0-390-775 2307 MARTINIQUE LN 46.70
191-0-390-785 2305 MARTINIQUE LN 46.70
191-0-390-795 2303 MARTINIQUE LN 46.70
191-0-390-805 2301 MARTINIQUE LN 46.70
191-0-390-815 2221 MARTINIQUE LN 46.70
191-0-390-825 2223 MARTINIQUE LN 46.70
191-0-390-835 2225 MARTINIQUE LN 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 2 of 11 04/24/2025 06:07:56AM 104
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-390-845 2227 MARTINIQUE LN 46.70
191-0-390-855 2231 MARTINIQUE LN 46.70
191-0-390-865 2233 MARTINIQUE LN 46.70
191-0-390-875 2235 MARTINIQUE LN 46.70
191-0-390-885 2237 MARTINIQUE LN 46.70
191-0-390-895 2243 MARTINIQUE LN 46.70
191-0-390-905 2241 MARTINIQUE LN 46.70
191-0-390-915 2257 MARTINIQUE LN 46.70
191-0-390-925 2255 MARTINIQUE LN 46.70
191-0-390-935 2261 MARTINIQUE LN 46.70
191-0-390-945 2263 MARTINIQUE LN 46.70
191-0-390-955 2267 MARTINIQUE LN 46.70
191-0-390-965 2265 MARTINIQUE LN 46.70
191-0-390-975 2355 VINA DEL MAR 46.70
191-0-390-985 2353 VINA DEL MAR 46.70
191-0-400-015 2351 VINA DEL MAR 46.70
191-0-400-025 2345 VINA DEL MAR 46.70
191-0-400-035 2343 VINA DEL MAR 46.70
191-0-400-045 2341 VINA DEL MAR 46.70
191-0-400-055 2339 VINA DEL MAR 46.70
191-0-400-065 2337 VINA DEL MAR 46.70
191-0-400-075 2335 VINA DEL MAR 46.70
191-0-400-085 2333 VINA DEL MAR 46.70
191-0-400-095 2331 VINA DEL MAR 46.70
191-0-400-105 2325 VINA DEL MAR 46.70
191-0-400-115 2323 VINA DEL MAR 46.70
191-0-400-125 2321 VINA DEL MAR 46.70
191-0-400-135 2317 VINA DEL MAR 46.70
191-0-400-145 2315 VINA DEL MAR 46.70
191-0-400-155 2313 VINA DEL MAR 46.70
191-0-400-165 2311 VINA DEL MAR 46.70
191-0-400-175 2305 VINA DEL MAR 46.70
191-0-400-185 2303 VINA DEL MAR 46.70
191-0-400-195 2301 VINA DEL MAR 46.70
191-0-400-205 2227 VINA DEL MAR 46.70
191-0-400-215 2225 VINA DEL MAR 46.70
191-0-400-225 2223 VINA DEL MAR 46.70
191-0-400-235 2221 VINA DEL MAR 46.70
191-0-400-245 2215 VINA DEL MAR 46.70
191-0-400-255 2213 VINA DEL MAR 46.70
191-0-400-265 2211 VINA DEL MAR 46.70
191-0-400-275 2205 VINA DEL MAR 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 3 of 11 04/24/2025 06:07:56AM 105
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-400-285 2203 VINA DEL MAR 46.70
191-0-400-295 2200 VINA DEL MAR 46.70
191-0-400-305 2202 VINA DEL MAR 46.70
191-0-400-315 2204 VINA DEL MAR 46.70
191-0-400-325 2206 VINA DEL MAR 46.70
191-0-400-335 2208 VINA DEL MAR 46.70
191-0-400-345 2220 CANNES SQ 46.70
191-0-400-355 2222 CANNES SQ 46.70
191-0-400-365 2224 CANNES SQ 46.70
191-0-400-375 2226 CANNES SQ 46.70
191-0-400-385 2230 CANNES SQ 46.70
191-0-400-395 2232 CANNES SQ 46.70
191-0-400-405 2234 CANNES SQ 46.70
191-0-400-415 2236 CANNES SQ 46.70
191-0-400-425 2364 VINA DEL MAR 46.70
191-0-400-435 2362 VINA DEL MAR 46.70
191-0-400-445 2360 VINA DEL MAR 46.70
191-0-400-455 2354 VINA DEL MAR 46.70
191-0-400-465 2352 VINA DEL MAR 46.70
191-0-400-475 2350 VINA DEL MAR 46.70
191-0-400-485 2336 VINA DEL MAR 46.70
191-0-400-495 2334 VINA DEL MAR 46.70
191-0-400-505 2332 VINA DEL MAR 46.70
191-0-400-515 2330 VINA DEL MAR 46.70
191-0-400-525 2246 CANNES SQ 46.70
191-0-400-535 2244 CANNES SQ 46.70
191-0-400-545 2242 CANNES SQ 46.70
191-0-400-555 2240 CANNES SQ 46.70
191-0-400-565 2214 CANNES SQ 46.70
191-0-400-575 2212 CANNES SQ 46.70
191-0-400-585 2210 CANNES SQ 46.70
191-0-400-595 2245 MARTINIQUE LN 46.70
191-0-400-605 2247 MARTINIQUE LN 46.70
191-0-400-615 2251 MARTINIQUE LN 46.70
191-0-400-625 2253 MARTINIQUE LN 46.70
191-0-410-015 2121 VINA DEL MAR 46.70
191-0-410-025 2123 VINA DEL MAR 46.70
191-0-410-035 2125 VINA DEL MAR 46.70
191-0-410-045 2127 VINA DEL MAR 46.70
191-0-410-055 2201 VINA DEL MAR 46.70
191-0-410-065 2183 MARTINIQUE LN 46.70
191-0-410-075 2181 MARTINIQUE LN 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 4 of 11 04/24/2025 06:07:56AM 106
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-410-085 2187 MARTINIQUE LN 46.70
191-0-410-095 2185 MARTINIQUE LN 46.70
191-0-410-105 2175 MARTINIQUE LN 46.70
191-0-410-115 2177 MARTINIQUE LN 46.70
191-0-410-125 2173 MARTINIQUE LN 46.70
191-0-410-135 2171 MARTINIQUE LN 46.70
191-0-410-145 2121 MARTINIQUE LN 46.70
191-0-410-155 2123 MARTINIQUE LN 46.70
191-0-410-165 2127 MARTINIQUE LN 46.70
191-0-410-175 2125 MARTINIQUE LN 46.70
191-0-410-185 2131 MARTINIQUE LN 46.70
191-0-410-195 2133 MARTINIQUE LN 46.70
191-0-410-205 2135 MARTINIQUE LN 46.70
191-0-410-215 2137 MARTINIQUE LN 46.70
191-0-410-225 2141 MARTINIQUE LN 46.70
191-0-410-235 2143 MARTINIQUE LN 46.70
191-0-410-245 2145 MARTINIQUE LN 46.70
191-0-410-255 2147 MARTINIQUE LN 46.70
191-0-410-265 2165 MARTINIQUE LN 46.70
191-0-410-275 2167 MARTINIQUE LN 46.70
191-0-410-285 2151 MARTINIQUE LN 46.70
191-0-410-295 2153 MARTINIQUE LN 46.70
191-0-410-305 2155 MARTINIQUE LN 46.70
191-0-410-315 2157 MARTINIQUE LN 46.70
191-0-410-325 2161 MARTINIQUE LN 46.70
191-0-410-335 2163 MARTINIQUE LN 46.70
191-0-410-345 2101 MARTINIQUE ST 46.70
191-0-410-355 2103 MARTINIQUE LN 46.70
191-0-410-365 2105 MARTINIQUE ST 46.70
191-0-410-375 2107 MARTINIQUE ST 46.70
191-0-410-385 2111 MARTINIQUE ST 46.70
191-0-410-395 2113 MARTINIQUE ST 46.70
191-0-410-405 2115 MARTINIQUE LN 46.70
191-0-410-415 2117 MARTINIQUE LN 46.70
191-0-410-425 2110 VINA DEL MAR ST 46.70
191-0-410-435 2112 VINA DEL MAR ST 46.70
191-0-410-445 2114 VINA DEL MAR ST 46.70
191-0-410-455 2116 VINA DEL MAR ST 46.70
191-0-410-465 2120 VINA DEL MAR ST 46.70
191-0-410-475 2122 VINA DEL MAR ST 46.70
191-0-410-485 2124 VINA DEL MAR ST 46.70
191-0-430-015 4504 ANTIGUA WAY 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 5 of 11 04/24/2025 06:07:56AM 107
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-430-025 4506 ANTIGUA WAY 46.70
191-0-430-035 4510 ANTIGUA WAY 46.70
191-0-430-045 4512 ANTIGUA WAY 46.70
191-0-430-055 4514 ANTIGUA WAY 46.70
191-0-430-065 4516 ANTIGUA WAY 46.70
191-0-430-075 4500 ANTIGUA WAY 46.70
191-0-430-085 4502 ANTIGUA WAY 46.70
191-0-430-095 4496 ANTIGUA WAY 46.70
191-0-430-105 4494 ANTIGUA WAY 46.70
191-0-430-115 4492 ANTIGUA WAY 46.70
191-0-430-125 4490 ANTIGUA WAY 46.70
191-0-430-135 4486 ANTIGUA WAY 46.70
191-0-430-145 4484 ANTIGUA WAY 46.70
191-0-430-155 4482 ANTIGUA WAY 46.70
191-0-430-165 4480 ANTIGUA WAY 46.70
191-0-430-175 4475 ANTIGUA WAY 46.70
191-0-430-185 4477 ANTIGUA WAY 46.70
191-0-430-195 4471 ANTIGUA WAY 46.70
191-0-430-205 4473 ANTIGUA WAY 46.70
191-0-430-215 4476 ANTIGUA WAY 46.70
191-0-430-225 4474 ANTIGUA WAY 46.70
191-0-430-235 4472 ANTIGUA WAY 46.70
191-0-430-245 4470 ANTIGUA WAY 46.70
191-0-430-255 4466 ANTIGUA WAY 46.70
191-0-430-265 4464 ANTIGUA WAY 46.70
191-0-430-275 4462 ANTIGUA WAY 46.70
191-0-430-285 4460 ANTIGUA WAY 46.70
191-0-430-295 4444 ANTIGUA WAY 46.70
191-0-430-305 4446 ANTIGUA WAY 46.70
191-0-430-315 4450 ANTIGUA WAY 46.70
191-0-430-325 4452 ANTIGUA WAY 46.70
191-0-430-335 4454 ANTIGUA WAY 46.70
191-0-430-345 4456 ANTIGUA WAY 46.70
191-0-430-355 4440 ANTIGUA WAY 46.70
191-0-430-365 4442 ANTIGUA WAY 46.70
191-0-430-375 4434 ANTIGUA WAY 46.70
191-0-430-385 4436 ANTIGUA WAY 46.70
191-0-430-395 4432 ANTIGUA WAY 46.70
191-0-430-405 4430 ANTIGUA WAY 46.70
191-0-430-415 4455 ANTIGUA WAY 46.70
191-0-430-425 4457 ANTIGUA WAY 46.70
191-0-430-435 4461 ANTIGUA WAY 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 6 of 11 04/24/2025 06:07:56AM 108
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-430-445 4463 ANTIGUA WAY 46.70
191-0-430-455 4465 ANTIGUA WAY 46.70
191-0-430-465 4467 ANTIGUA WAY 46.70
191-0-430-475 4451 ANTIGUA WAY 46.70
191-0-430-485 4453 ANTIGUA WAY 46.70
191-0-430-495 4445 ANTIGUA WAY 46.70
191-0-430-505 4447 ANTIGUA WAY 46.70
191-0-430-515 4443 ANTIGUA WAY 46.70
191-0-430-525 4441 ANTIGUA WAY 46.70
191-0-430-535 4433 ANTIGUA WAY 46.70
191-0-430-545 4431 ANTIGUA WAY 46.70
191-0-430-555 4427 ANTIGUA WAY 46.70
191-0-430-565 4425 ANTIGUA WAY 46.70
191-0-430-575 4423 ANTIGUA WAY 46.70
191-0-430-585 4421 ANTIGUA WAY 46.70
191-0-430-595 4437 ANTIGUA WAY 46.70
191-0-430-605 4435 ANTIGUA WAY 46.70
191-0-430-615 4413 ANTIGUA WAY 46.70
191-0-430-625 4411 ANTIGUA WAY 46.70
191-0-430-635 4407 ANTIGUA WAY 46.70
191-0-430-645 4405 ANTIGUA WAY 46.70
191-0-430-655 4403 ANTIGUA WAY 46.70
191-0-430-665 4401 ANTIGUA WAY 46.70
191-0-430-675 4417 ANTIGUA WAY 46.70
191-0-430-685 4415 ANTIGUA WAY 46.70
191-0-430-695 4481 ANTIGUA WAY 46.70
191-0-430-705 4487 ANTIGUA WAY 46.70
191-0-430-715 4483 ANTIGUA WAY 46.70
191-0-430-725 4485 ANTIGUA WAY 46.70
191-0-440-015 2065 MAJORCA DR 46.70
191-0-440-025 2067 MAJORCA DR 46.70
191-0-440-035 2063 MAJORCA DR 46.70
191-0-440-045 2061 MAJORCA DR 46.70
191-0-440-055 2055 MAJORCA DR 46.70
191-0-440-065 2057 MAJORCA DR 46.70
191-0-440-075 2053 MAJORCA DR 46.70
191-0-440-085 2051 MAJORCA DR 46.70
191-0-440-095 2013 MAJORCA DR 46.70
191-0-440-105 2011 MAJORCA DR 46.70
191-0-440-115 2005 MAJORCA DR 46.70
191-0-440-125 2007 MAJORCA DR 46.70
191-0-440-135 2003 MAJORCA DR 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 7 of 11 04/24/2025 06:07:56AM 109
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-440-145 2001 MAJORCA DR 46.70
191-0-440-155 2015 MAJORCA DR 46.70
191-0-440-165 2017 MAJORCA DR 46.70
191-0-440-175 2023 MAJORCA DR 46.70
191-0-440-185 2021 MAJORCA DR 46.70
191-0-440-195 2025 MAJORCA DR 46.70
191-0-440-205 2027 MAJORCA DR 46.70
191-0-440-215 2033 MAJORCA DR 46.70
191-0-440-225 2031 MAJORCA DR 46.70
191-0-440-235 2035 MAJORCA DR 46.70
191-0-440-245 2037 MAJORCA DR 46.70
191-0-440-255 2043 MAJORCA DR 46.70
191-0-440-265 2041 MAJORCA DR 46.70
191-0-440-275 2047 MAJORCA DR 46.70
191-0-440-285 2045 MAJORCA DR 46.70
191-0-440-295 1965 MAJORCA DR 46.70
191-0-440-305 1967 MAJORCA DR 46.70
191-0-440-315 1973 MAJORCA DR 46.70
191-0-440-325 1971 MAJORCA DR 46.70
191-0-440-335 1975 MAJORCA DR 46.70
191-0-440-345 1977 MAJORCA DR 46.70
191-0-440-355 1963 MAJORCA DR 46.70
191-0-440-365 1961 MAJORCA DR 46.70
191-0-440-375 1955 MAJORCA DR 46.70
191-0-440-385 1957 MAJORCA DR 46.70
191-0-440-395 1953 MAJORCA DR 46.70
191-0-440-405 1951 MAJORCA DR 46.70
191-0-440-415 1945 MAJORCA DR 46.70
191-0-440-425 1947 MAJORCA DR 46.70
191-0-440-435 1943 MAJORCA DR 46.70
191-0-440-445 1941 MAJORCA DR 46.70
191-0-440-455 1933 MAJORCA DR 46.70
191-0-440-465 1931 MAJORCA DR 46.70
191-0-440-475 1937 MAJORCA DR 46.70
191-0-440-485 1935 MAJORCA DR 46.70
191-0-440-495 1923 MAJORCA 46.70
191-0-440-505 1921 MAJORCA DR 46.70
191-0-440-515 1927 MAJORCA DR 46.70
191-0-440-525 1925 MAJORCA DR 46.70
191-0-440-535 1913 MAJORCA DR 46.70
191-0-440-545 1911 MAJORCA DR 46.70
191-0-440-555 1915 MAJORCA DR 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 8 of 11 04/24/2025 06:07:56AM 110
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-440-565 1917 MAJORCA DR 46.70
191-0-440-575 1903 MAJORCA DR 46.70
191-0-440-585 1901 MAJORCA DR 46.70
191-0-440-595 1905 MAJORCA DR 46.70
191-0-440-605 1907 MAJORCA DR 46.70
191-0-440-615 1902 MAJORCA DR 46.70
191-0-440-625 1906 MAJORCA DR 46.70
191-0-440-635 1912 MAJORCA DR 46.70
191-0-440-645 1900 MAJORCA DR 46.70
191-0-440-655 1904 MAJORCA DR 46.70
191-0-440-665 1910 MAJORCA 46.70
191-0-440-675 1914 MAJORCA DR 46.70
191-0-440-685 1916 MAJORCA DR 46.70
191-0-450-015 1983 SAN SEBASTIAN DR 46.70
191-0-450-025 1981 SAN SEBASTIAN DR 46.70
191-0-450-035 1985 SAN SEBASTIAN DR 46.70
191-0-450-045 1987 SAN SEBASTIAN DR 46.70
191-0-450-055 2013 SAN SEBASTIAN DR 46.70
191-0-450-065 2011 SAN SEBASTIAN DR 46.70
191-0-450-075 2015 SAN SEBASTIAN DR 46.70
191-0-450-085 2017 SAN SEBASTIAN DR 46.70
191-0-450-095 2023 SAN SEBASTIAN DR 46.70
191-0-450-105 2021 SAN SEBASTIAN DR 46.70
191-0-450-115 2025 SAN SEBASTIAN DR 46.70
191-0-450-125 2027 SAN SEBASTIAN DR 46.70
191-0-450-135 2043 SAN SEBASTIAN DR 46.70
191-0-450-145 2041 SAN SEBASTIAN DR 46.70
191-0-450-155 2045 SAN SEBASTIAN DR 46.70
191-0-450-165 2047 SAN SEBASTIAN DR 46.70
191-0-450-175 2063 SAN SEBASTIAN DR 46.70
191-0-450-185 2061 SAN SEBASTIAN DR 46.70
191-0-450-195 2065 SAN SEBASTIAN DR 46.70
191-0-450-205 2067 SAN SEBASTIAN DR 46.70
191-0-460-015 1967 SAN SEBASTIAN DR 46.70
191-0-460-025 1965 SAN SEBASTIAN DR 46.70
191-0-460-035 1961 SAN SEBASTIAN DR 46.70
191-0-460-045 1963 SAN SEBASTIAN DR 46.70
191-0-460-055 4766 SAN SEBASTIAN DR 46.70
191-0-460-065 4764 SAN SEBASTIAN DR 46.70
191-0-460-075 4760 SAN SEBASTIAN DR 46.70
191-0-460-085 4762 SAN SEBASTIAN DR 46.70
191-0-460-095 4746 SAN SEBASTIAN DR 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 9 of 11 04/24/2025 06:07:56AM 111
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-460-105 4744 SAN SEBASTIAN DR 46.70
191-0-460-115 4740 SAN SEBASTIAN DR 46.70
191-0-460-125 4742 SAN SEBASTIAN DR 46.70
191-0-460-135 4726 SAN SEBASTIAN DR 46.70
191-0-460-145 4724 SAN SEBASTIAN DR 46.70
191-0-460-155 4720 SAN SEBASTIAN DR 46.70
191-0-460-165 4722 SAN SEBASTIAN DR 46.70
191-0-460-175 4706 SAN SEBASTIAN DR 46.70
191-0-460-185 4704 SAN SEBASTIAN DR 46.70
191-0-460-195 4700 SAN SEBASTIAN DR 46.70
191-0-460-205 4702 SAN SEBASTIAN DR 46.70
191-0-460-215 4676 SAN SEBASTIAN DR 46.70
191-0-460-225 4674 SAN SEBASTIAN DR 46.70
191-0-460-235 4670 SAN SEBASTIAN DR 46.70
191-0-460-245 4672 SAN SEBASTIAN DR 46.70
191-0-460-265 1932 SAN TROPEZ CIR 46.70
191-0-460-275 1930 SAN TROPEZ CIR 46.70
191-0-460-285 1934 SAN TROPEZ CIR 46.70
191-0-460-295 1936 SAN TROPEZ CIR 46.70
191-0-460-305 1952 SAN TROPEZ CIR 46.70
191-0-460-315 1950 SAN TROPEZ CIR 46.70
191-0-460-325 1954 SAN TROPEZ CIR 46.70
191-0-460-335 1956 SAN TROPEZ CIR 46.70
191-0-460-345 1960 SAN TROPEZ CIR 46.70
191-0-460-355 1962 SAN TROPEZ CIR 46.70
191-0-460-365 1964 SAN TROPEZ CIR 46.70
191-0-460-375 1966 SAN TROPEZ CIR 46.70
191-0-460-385 1970 SAN TROPEZ CIR 46.70
191-0-460-395 1972 SAN TROPEZ CIR 46.70
191-0-460-405 1974 SAN TROPEZ CIR 46.70
191-0-460-415 1976 SAN TROPEZ CIR 46.70
191-0-460-425 1982 SAN TROPEZ CIR 46.70
191-0-460-435 1980 SAN TROPEZ CIR 46.70
191-0-460-445 1984 SAN TROPEZ CIR 46.70
191-0-460-455 1986 SAN TROPEZ CIR 46.70
191-0-460-465 2007 SAN TROPEZ CIR 46.70
191-0-460-475 2005 SAN TROPEZ CIR 46.70
191-0-460-485 2001 SAN TROPEZ CIR 46.70
191-0-460-495 2003 SAN TROPEZ CIR 46.70
191-0-460-505 4737 SAN SEBASTIAN DR 46.70
191-0-460-515 4735 SAN SEBASTIAN DR 46.70
191-0-460-525 4731 SAN SEBASTIAN DR 46.70
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 10 of 11 04/24/2025 06:07:56AM 112
City of Oxnard
MAD No. 4 (Mandalay Beach)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Assessment Total
191-0-460-535 4733 SAN SEBASTIAN DR 46.70
191-0-460-545 4717 SAN SEBASTIAN DR 46.70
191-0-460-555 4715 SAN SEBASTIAN DR 46.70
191-0-460-565 4711 SAN SEBASTIAN DR 46.70
191-0-460-575 4713 SAN SEBASTIAN DR 46.70
191-0-460-585 4691 SAN SEBASTIAN DR 46.70
191-0-460-595 4693 SAN SEBASTIAN DR 46.70
191-0-460-605 4695 SAN SEBASTIAN DR 46.70
191-0-460-615 4697 SAN SEBASTIAN DR 46.70
191-0-460-625 4681 SAN SEBASTIAN DR 46.70
191-0-460-635 4683 SAN SEBASTIAN DR 46.70
191-0-460-645 4685 SAN SEBASTIAN DR 46.70
191-0-460-655 4687 SAN SEBASTIAN DR 46.70
191-0-460-665 1943 SAN TROPEZ CIR 46.70
191-0-460-675 1941 SAN TROPEZ CIR 46.70
191-0-460-685 1945 SAN TROPEZ CIR 46.70
191-0-460-695 1947 SAN TROPEZ CIR 46.70
191-0-460-705 1990 SAN TROPEZ CIR 46.70
191-0-460-715 1992 SAN TROPEZ CIR 46.70
191-0-460-725 1996 SAN TROPEZ CIR 46.70
191-0-460-735 1994 SAN TROPEZ CIR 46.70
$39,446.00441 Accounts
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 11 of 11 04/24/2025 06:07:56AM 113
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116
117
118
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7 8
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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
120
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
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Fiscal Year (FY) 2025-26 Resolution
to Levy Assessments in Mandalay
Beach Maintenance District
Finance & Governance Committee
May 13, 2025
City Council
June 3, 2025
Anthony Miller
Special Districts Manager
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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 on June 3, 2025 to receive
public testimony regarding the proposed Fiscal Year 2025-26 assessments for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2025-26 within the Mandalay Beach
Maintenance District.

RECOMMENDATION
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That the City Council, acting as the legislative body for the Mandalay Beach Maintenance District (MAD 4):

1. Hold a public hearing to receive public testimony
regarding the proposed Fiscal Year 2025-26 assessments
for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2025-26 within the Mandalay Beach
Maintenance District.

RECOMMENDATION
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• On November 22, 1983, the Mandalay Beach Maintenance
District (“District” or “MAD-4”) was formed pursuant to the Improvement Act of 1911, in order to recover the cost of the City’s maintenance of a 36-acre beach area, plus
landscaping on public rights-of-way within Tract No. 2923 • July 1, 1986: City’s responsibility to maintain the above- mentioned areas became effective
• July 5, 1988: City Council adopted Resolution No. 9500, which shifted the bulk of the District’s beach maintenance costs from residents of The Colony to the Mandalay Beach Resort Hotel

BACKGROUND
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• April 6, 1999: City Council adopted the current assessment amounts via Resolution No. 11566. Due to the passage of Proposition 218, the assessments were capped at this rate in perpetuity, unless a Proposition 218 action is taken by the voters of MAD 4.

BACKGROUND
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6 MAP OF SPECIAL DISTRICTS IN THE CITY OF OXNARD
More information can
be found at:
www.oxnard.gov/publ
ic-works/special-
districts
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• The total maximum assessment amount plus a defined
general fund contribution in accordance with Resolutions 9500 and 11566 is $51,483.
• Of this amount, in accordance with Resolution No. 11566, $21,346 is assessed for the purpose of landscape
maintenance.
• The remaining $30,137 is attributed to beach maintenance and the County Collection fee, with $12,037 contributed by the general fund, and $18,100 assessed to property
owners.

DISCUSSION
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• The District maintains the landscape areas along Falkirk Avenue, Harbor Boulevard, Mandalay Beach Road, and
Costa del Oro.
• In accordance with Resolution No. 9500, the $21,346 for landscape expenses are allocated across property owners as follows:
• 75.4% ($16,095) to The Colony residential development • 24.6% ($5,251) to the Hotel property

DISCUSSION
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• In accordance with Resolution No. 9500, the $30,137 for beach maintenance expenses are allocated as follows:
• The District bears 60% ($18,055) of the beach maintenance cost plus a $45 County Collection Fee. Of that $18,100,

75.4% is paid by the hotel property owners and 24.6% is paid by The Colony property owners.

DISCUSSION
9 Annual Costs = $30,137 District City
Percent Share of $30,092 x 60% x 40%
FY 2025-26 Shared Costs $18,055 $12,037
County Collection Fee $45 $0
Total Beach Maintenance Cost $18,100 $12,037
Embassy Suite’s Share (75.4%) $13,647 $0
Colony's Share (24.6%) $4,453 $0
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• City will assess property owners in Fiscal Year 2025-26 to pay landscape maintenance costs and 60% of beach
maintenance costs for the Mandalay Beach Maintenance
District for a total assessment amount of $39,446.
• The City’s defined contribution for 40% of the beach
maintenance costs ($12,037), will be budgeted as a
transfer out contribution to MAD 4 from the General Fund in Fiscal Year 2025-26

FINANCIAL IMPACT
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QUESTIONS
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FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.4

DATE: May 13, 2025

TO: Finance & Governance Committee

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

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), adopt the following resolutions:

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/3km-fPvl5HA

BACKGROUND

Community Facilities Districts (“CFDs”) are established pursuant to the provisions of California Government Code Section 53311 et seq. (commonly known as the “Mello-Roos Community Facilities Act of 1982”) (the “Act”), and are a form of financing district that can be used by developers as approved by cities, counties, school districts, and special districts. CFDs raise money through special taxes that must be approved by 2/3 of the qualified voters within a CFD. The City Council is the legislative body of any CFD that is formed by the City. Most often, CFDs are formed by the landowner prior to subdivision development. A CFD can be formed to finance a wide list of improvements, which include roads, water facilities, sewers, and schools. They are also used to finance ongoing maintenance services of the facilities or for services such as remediation of hazardous substances, landscaping, streets, lighting, and drainage facilities. The special taxes are secured by a continuing lien and are levied against properties within the CFD on an annual basis. The revenue stream is used to pay debt service on bonds, to finance facilities on a pay-as-you-go basis, and to pay for services, or a combination thereof.

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As part of a proposed development, the City established Community Facilities District No. 6 (Northshore at Mandalay Bay) (the “2006 CFD”) in 2006. This CFD was for the prior proposed development located in the City, at the northeastern corner of the intersection of West Fifth Street and Harbor Boulevard, and now commonly known as “Northshore at Mandalay Bay” (the “Property”). It was to finance the cost and expense of providing public improvements and services within the 2006 CFD.

In 2021, the then-owner requested a new CFD and dissolution of the 2006 CFD. Following proceedings, CFD No. 9 (Northshore at Mandalay Bay) (“CFD 9”) was formed and the 2006 CFD was dissolved. CFD 9 included (a) a facilities special tax for the life of any bond issues, (b) a services special tax in perpetuity, and (c) an environmental special tax for remediation, operation, and maintenance activities as required and approved, for the duration needed, by the Department of Toxic Substances Control (“DTSC”). CFD 9 has a not-to-exceed bond authorization of $22,500,000.

The current owner and developer, Fifth Harbor Owner, LLC (the “Landowner”), has requested certain modifications to CFD 9 to increase the facilities special tax, (no changes are recommended for the environmental special tax), add a new special tax for State Parks, and to increase the bond authorization from $22,500,000 to $40,000,000. Staff has requested the general services special tax be increased as well to better reflect the cost of services, with the concurrence of the developer. These changes still maintain the integrity of the 1.8% average effective tax rate.

The current development plan is for 292 single-family residences.

DISCUSSION

CFD 9 was formed for the purpose of funding the following:

(a) public infrastructure facilities and other governmental facilities, including fees related thereto, with an estimated useful life of five years or longer, including but not limited to all or a portion of sanitary sewer, water, street, storm drain, park facilities, public art, or other real or tangible property, and related costs including design, inspection, professional fees, and acquisition costs (the “Facilities”) through the levy of a Special Tax – Facilities to pay debt service on one or more bond issues or pay-as-you-go facilities as long as bonds are outstanding;

(b) services including, but not limited to, landscaping, streetlighting, maintenance of sewer, storm drain, irrigation systems, beaches and parks, beach patrol, and weed abatement (the “General Services”) through the levy of a Special Tax – Services on an annual basis in perpetuity; and

(c) the remediation of any hazardous substance released or threatened to be released into the environment on the Property and any associated operation, maintenance and/or monitoring activities as more particularly described in the Response Plan approved by DTSC on December 17, 2018 (the “Response Plan”), the Operation and Maintenance Plan approved by DTSC on March 7, 2019 (“O&M Plan”), and any additional remedial activities or protective measures (collectively, the “Remediation Services”) through the levy of a Special Tax - Environmental on an annual basis as long as determined by DTSC.

The Landowner requested that a new special tax, to be known as the “Special Tax – State Parks,” be added and included within CFD 9 to fund a fee for State Park services for Resource Protection Measures at Mandalay State Beach. Services funded via the Special Tax - State Parks are required under Condition No. 92 of the original conditions of development imposed upon the developer. The Landowner has also requested that the facilities special tax be increased, and staff recommends and the Landowner agrees that the general services special tax be increased. The cost estimates of facilities, services, and State Park services have been reviewed and updated. All parties have reviewed the parameters of the modified special tax formula or the Amended and Restated Rate and Method of Apportionment (the “Amended RMA”), which includes the assigned and 134
maximum amended special tax for the Facilities, the amended special tax for the General Services, a new special tax for State Parks, and the existing special tax for Remediation Services. The Special Taxes will be levied each year according to the Amended RMA and placed on the County property tax rolls.

The first Resolution approves the form of a deposit and reimbursement agreement with the Landowner. The Landowner has made a deposit of $27,000 to the City toward the costs of modifying CFD 9, including the costs of consultant time. The costs of modifying the CFD 9 are the responsibility of the Landowner. If bonds are issued, the Landowner will be reimbursed from the proceeds of the bonds.

Special Tax – Facilities. The annual Special Tax – Facilities levy is used to pay debt service on bonds or for facilities on a pay-as-you-go basis, or a combination thereof. Upon completion of the modification and election process for the CFD and once development has progressed sufficiently as determined by the City (estimated to be sometime in the next few years), the City anticipates that CFD 9 will issue one or more series of Special Tax Bonds (the “Bonds”) to acquire the Facilities built by the Landowner and to pay or reimburse the Landowner for the payment of certain impact fees related to Facilities as provided in an Amended and Restated Funding and Acquisition Agreement (to be brought before the Council at the next meeting), and to reimburse the Landowner for formation costs and modification costs of CFD 9 as provided in the Deposit and Reimbursement Agreement for modification (and the Deposit and Reimbursement Agreement relating to the formation proceedings). The bond authorization for the District is proposed to be increased from a not-to-exceed amount of $22.5 million to a not-to-exceed amount of $40 million. It is the intent of CFD 9 to issue one or more series of Bonds with a 30-year maturity with escalating debt service of 2% per year.

The Amended RMA includes an assigned tax and a back-up tax for the Special Tax – Facilities for developed property in case the number of residential units built is less than estimated. Once developed property is taxed, undeveloped and contingent property will be taxed if needed. The maximum Special Tax –Facilities escalates at an annual rate of 2%.

Attachment 1 (attached hereto) contains a description of the estimated facilities, the impact fees, and an estimated budget therefore. The budget exceeds the amount of facilities and fees, which are currently estimated to be financed by the Bonds. Facilities, including fees, not financed by the CFD are still required to be provided by the Landowner. The landowner has requested a higher bond authorization than estimated within the attachment due to anticipated increases in construction expenses between the approval of this item and actual construction. Bonds will be issued in the amount necessary to fund these expenses and are not required to be issued at the not-to-exceed maximum amount of $40 million.

Special Tax – Services. The Special Tax – Services will be levied annually in perpetuity to finance the General Services. Attachment 2 (attached hereto) contains a description and estimated budget of the general services to be provided. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – Service escalates at the greater of 2% or a CPI escalation factor, in any case not to exceed 5%.

Special Tax – Environmental. The Special Tax – Environmental will be collected by the CFD and turned over to the newly formed nonprofit, the Northshore Environmental Conservancy (“NEC”), to pay for the annual budget of Remediation Services that is approved by DTSC, all as provided in a Special Tax and Disbursement Agreement among the City (on behalf of itself and the CFD), the Landowner and NEC, with the DTSC as a beneficiary thereto. The Special Tax Disbursement Agreement will be relied on by the Landowner and DTSC as a means by which the Remediation Services will be funded and is considered a debt or obligation of CFD 9.

The Amended RMA includes an assigned tax and a backup tax for the Special Tax – Environmental for developed property, in case the number of residential units built is less than estimated. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – Environmental escalates at an annual rate of 2%. Upon the issuance of a certificate of 135
completion, or its substantial equivalent by DTSC for all of the Remediation Services, the Special Tax – Environmental will no longer be levied. Estimated costs associated with the Special Tax - Environmental are not changing and are not included as an attachment to this report.

Special Tax – State Parks. The Special Tax – State Parks will be levied annually in perpetuity to finance the State Park fee and services. Attachment 3 (attached hereto) contains a description and estimated budget of the State Park fee and services to be provided. The Special Tax – State Parks will be collected by the CFD and turned over to the State as provided in an agreement to be entered into between the CFD 9, Landowner, and the State. The Amended RMA includes an assigned tax and a back-up tax for the Special Tax – State Parks for developed property in case the number of residential units built is less than estimated. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – State Parks escalates at an annual rate of 2%.

Process. A petition to modify CFD 9 has been received from the Landowner covering the Property, consisting of approximately 90 acres. The formal City Council approval process to change CFD 9 takes approximately sixty (60) to seventy-five (75) days.

First Step (at City Council meeting on June 3, 2025): City Council, acting as the legislative body of CFD 9, (a) adopts the resolution approving the form of the Deposit and Reimbursement Agreement and (b) adopts a resolution of consideration to modify CFD 9 and sets a public hearing on the proposed changes (scheduled for June 26, 2025).

Second Step (at City Council meeting on June 26, 2025): City Council, acting as the legislative body of CFD 9, (a) holds a public hearing on the proposed modifications, (b) provided there is no majority protest, adopts a resolution calling for election, (c) conducts a special mailed ballot election, (d) adopts a resolution canvassing the election, and (e) adopts a resolution of change and approving the Amended and Restated Funding and Acquisition Agreement. The Landowners have waived election timelines, so an election may be held on June 26, 2025, to authorize the increase of the facilities and general services special taxes and increase in authorized bonded indebtedness. Should the proposition pass with a two-thirds vote from the qualified voters (the Landowners), the City may adopt the resolution of change.

At a later date, the CFD in its sole discretion, will determine the final amount of Bonds issued. The proposed maximum bond authorization is $40,000,000. The “not to exceed” bond amount for the CFD is based on Facilities costs and available Special Tax - Facilities.

If the action is approved, the modification of CFD 9, special election, and approval of other related documents will occur on June 26, 2025. Currently, it is not expected that Bonds will be authorized for issuance or sale until the development is well underway and the Facilities are at or near completion, at which time documents relating to the issuance and sale of the bonds will be brought to the City Council for its approval.

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

There is no direct financial impact of approving these resolutions. There is no financial impact on the General Fund.

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

ATTACHMENTS
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1. Staff Report Exhibit A - Estimated Description and Budget of Facilities

2. Staff Report Exhibit B - Estimated Description and Budget of Services

3. Staff Report Exhibit C - Estimated Description and Budget of State Parks Fees and Services

4. Deposit and Reimbursement Agreement No. A-8588

5. Petition (including Consent and Waiver)

6. Resolution Approving Deposit and Reimbursement Agreement No. A-8588

7. Resolution of Consideration to Modify CFD No. 9 (including Amended Rate and Method of Apportionment of Special Tax as Exhibit D)

8. Special Districts Map

9. Special Districts List

10. Presentation

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ESTIMATED DESCRIPTION AND BUDGET OF FACILITIES
Attachment 1
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ESTIMATED DESCRIPTION AND BUDGET OF SERVICES
Initial Annual Budget - Services
CFD Eligible Services
Total
Costs
Landscape & Street Lights (Harbor & 5th) $103,645
Sewer Lift Station 42,000
Public Storm Drain Maintenance (Harbor & 5th) 72,841
City Administration 214,570
Mandalay State Beach Maintenance/Patrol Funding 86,000 RPA Maintenance (24 Acres) 15,714
Milk Vetch Maintenance 88,180
Total Estimated Annual Costs $622,950
Contingency (10%) 62,295
Total $685,245
Attachment 2
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Attachment 3
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141
142
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Agreement A-8588

DEPOSIT AND REIMBURSEMENT AGREEMENT

THIS DEPOSIT AND REIMBURSEMENT AGREEMENT (this “ Deposit Agreement”), dated as of ____________, 2025, is by and between the City of Oxnard, California (the “City”), and Fifth Harbor Owner, LLC, a Delaware limited liability company (the “Owner”).

RECITALS
WHEREAS, the City Council of the City, as the legislative body of t he City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay) (the “ Community Facilities District ”), has been requested to initiate change proceedings (the “ Change Proceedings”) to modify the Community Facilities District under the Mel lo-Roos Community Facilities Act of 1982, as amended (the “Act”) to increase the facilities and services special taxes, add a new special tax for State parks, and increase the authorization of bonded indebtedness for the Community Facilities District;
WHEREAS, Owner is the owner of the real property within the Community Facilities District described in Exhibit A attached hereto (the “Property”); and WHEREAS, in accordance with City’s policy regarding use of the Act, the Owner is required to reimburse the City for all costs actually incurred by the City on a reasonable basis in connection with the Change Proceedings; and
WHEREAS, Section 53314.9 of the Act provides that, at any time either before or after the formation of a community facilities district, the legislative body may accept advances of funds from any source, including, but not limited to, private persons or private entities and may provide, by resolution, for the use of those funds for any authorized purpose, including, but not limited to, paying any cost incurred by the local agency in modifying an existing community facilities district (including the issuance of bonds thereby); and WHEREAS, Section 53332 of the Act further provides that the legislative body may determine the amount of a fee sufficient to compensate the local agency for all costs incurred in conducting proceedings to change the community facilities district; and WHEREAS, Section 53314.9 of the Act further provides that the legislative body may enter into an agreement, by resolution, with the person or entity advancing the funds, to repay all or a portion of the funds advanced; and
WHEREAS, the City and the Owner desire to enter into this Deposit Agreement in accordance with Sections 53314.9 and 53332 of the Act in order to provide for the advancement of funds by the Owner to be used to pay actual costs incurred in connection with the Change Proceedings (including issuance of special tax bonds for the Community Facilities District (the “Bonds”)), and to provide for the reimbursement to the Owner of such funds advanced, without interest, from the proceeds of the Bonds;
NOW, THEREFORE, for and in consideration of the mutual promises and covenants herein contained, the parties hereto agree as follows:
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2 Section 1. The Deposits and Application Thereof.
(a) The Owner has previously deposited with the City the amount of Twenty - Seven Thousand Dollars ($27,000) (the “Modification Deposit”) which is being held by the City pursuant to Section 1(b) below. The City, by its ex ecution hereof, acknowledges receipt of, and accepts, the Modification Deposit.
(b) The Modification Deposit, together with any subsequent deposit required to be made by the Owner pursuant to the terms hereof (collectively, the “ Deposits”), are to be used to p ay for any costs incurred for any authorized purpose in connection with the Change Proceedings, without limitation, (i) the fees and expenses of any consultants to the City employed in connection with the Change Proceedings, including an engineer, special tax consultant, financial advisor, bond counsel, disclosure counsel and issuer’s counsel, and any other consultant reasonably deemed necessary or advisable by the City, (ii) the costs of appraisals, market absorption and/or feasibility studies and other re ports reasonably deemed necessary or advisable by the City in connection with the Change Proceedings, (iii) the costs of publication of notices, preparation and mailing of ballots and other costs related to any hearing, election or other action or proceeding undertaken in connection with the Change Proceedings, (iv) reasonable charges for City staff time incurred in connection with the Change Proceedings, including a reasonable allocation of City overhead expense related thereto, and (v) any and all other a ctual costs and expenses incurred by the City in connection with the Change Proceedings (collectively, the “Modification Costs”). The Finance Director of the City, or his or her designee, may draw upon the Deposits from time to time to pay the Modification Costs. (c) If, at any time, the unexpended and unencumbered balance of the Deposits is less than Five Thousand Dollars ($5,000), the City may request, in writing, that the Owner make an additional deposit in an amount estimated to be sufficient, together with any suc h unexpended and unencumbered balance, to pay for all Modification Costs (an “ Additional Deposit”). The Owner shall make the Additional Deposit with the City within two weeks of the receipt by the Owner of the City’s written request therefor. If the Owne r fails to make any such Additional Deposit within such two week period, the City Manager may direct all City staff and consultants to cease all work related to the Change Proceedings. Upon receipt of the Additional Deposit, the City Manager shall direct the City staff and consultants to resume all work related to the Change Proceedings. The failure to provide an Additional Deposit shall not be deemed a breach of this Deposit Agreement and the only remedy available to the City for failure to provide the dep osit shall be to cease the Change Proceedings.
(d) The Deposits shall be kept separately at the City and the City shall at all times maintain records as to the expenditure of the Deposits. (e) The Finance Director of the City, or his or her designee, may draw upon the Deposits and pay the Modification Costs after executing a certificate request (the “ Certificate”) in the form attached hereto as Exhibit B and by this reference incorporated herein. (f) The City shall provide the Owner with a written monthly summary of expenditures made from the Deposits, and the unexpended balance thereof, within 15 business 145

3 days of receipt of the City of a written request therefor submitted by the Owner. The cost of providing any such summary shall be charged to the Deposits.

Section 2. Return of Deposits; Reimbursement.
(a) As provided in Section 53314.9 of the Act, the approval by the qualified electors of the Community Facilities District of the proposed modifications to the Community Facilities District is a condition to the repayment to the Owner of the funds advanced by the Owner pursuant hereto. Therefore, if the qualified electors of the Community Facilities District do not approve the proposed modifications to the Community Facilities District, including the special tax to be levied thereon, the City shall have no obligation to repay the Owner any portion of the Deposits expended or encumbered to pay Modification Costs. In accordance with Section 53314.9 of the Act, if the qualified electors of the Community Facilities District do not approv e the proposed modifications to the Community Facilities District, the Finance Director of the City, or his or her designee, shall return to the Owner any portion of the Deposits and interest, if any, which have not been expended or encumbered to pay Modif ication Costs by the time of the election on said proposed special tax.
(b) If the Change Proceedings are terminated or abandoned before any Bonds are issued, the Finance Director of the City, or his or her designee, shall, within 15 business days after official action by the City to terminate or abandon said Change Proceedings, or Owner’s delivery of a written request to the City to abandon the Change Proceedings, return the then unexpended and unencumbered portion of the Deposits to the Owner. (c) If the Bonds are issued by the Community Facilities District, the City shall reimburse the Owner, without interest, for the portion of the Deposits that has been expended or encumbered, said reimbursement to be made within 15 business days after the issuance of such Bonds, solely from the proceeds of such Bonds and only to the extent otherwise permitted under the Act. The Finance Director of the City, or his or her designee, shall, within 15 business days after the issuance of such Bonds, return the then unexpended and u nencumbered portion of the Deposits and interest, if any, to the Owner.

Section 3. Reimbursement of Other Costs . Nothing contained herein shall prohibit reimbursement of other costs and expenses of Owner incurred in connection with the Community Facilities District from the proceeds of the Bonds. Any such reimbursement shall be made solely from the proceeds of the Bonds and only to the extent otherwise permitted under the Act and otherwise provided for in the Change Proceedings.

Section 4. Abandonment of Proceedings. The Owner acknowledges and agrees that the issuance of the Bonds shall be in the sole discretion of the City. No provision of this Deposit Agreement shall be construed as an agreement, promise or warranty of the City to issue the Bonds.

Section 5. Deposit Agreement Not Debt or Liability of City. To the extent provided in Section 53314.9(b) of the Act, this Deposit Agreement does not constitute a debt or liability of the City, but shall constitute a debt and liability of the Community Facilities District. The City shall not be obligated to advance any of its own funds to pay Modification Costs or any other costs 146

4 incurred in connection with the Change Proceedings. No member of the City Council of the City and no officer, employee or agent of the City shall to any extent be personally liable hereunder.

Section 6. Notices. Any notices, requests, demands, documents, approvals or disapprovals given or sent under this Deposit Agreement from one Party to another (collectively, “Notices”) may be personally delivered, transmitted by electronic mail or deposit with the United States Postal Service for mailing, postage prepaid, to the address of the other Party as stated in this Section, and shall be deemed to have been given or sent at the time of personal delivery, electronic mail or, if mailed, seventy-two hours following the date of deposit in the course of transmission with the United States Postal Service. Notices shall be sent as follows:

If to City:

City of Oxnard
Attn: City Manager
300 West Third Street, 3rd Floor
Oxnard, California 93030
with copy to:

City Attorney
City of Oxnard
305 West Third Street, Suite 100E
Oxnard, California 93030

If to Owner:

Fifth Harbor Owner, LLC
c/o Harridge Development Group, LLC
1875 Century Park East, Suite 1130
Los Angeles, CA 90067
Attn: David Schwartzman, Jim Stringer and Bill Myers
Email: [email protected],
[email protected],
[email protected]

with copy to:

Holland and Knight LLP
1901 Avenue of the Stars, Suite 1200
Los Angeles, CA 90067
Attn: Doug Praw
Email: [email protected]

Each such notice, statement, demand, consent, approval, authorization, offer, designation, request or other communication hereunder shall be deemed delivered to the party to whom it is 147

5 addressed (a) if personally served or delivered, upon delivery, (b) if given by electronic communication, whether by telex, or electronic mail upon the sender’s receipt of an appropriate answerback or other written acknowledgement, (c) if given by registered or certified mail, return receipt requested, deposited with the United States mail postage prepaid, 72 hours after such notice is deposited with the United States mail, (d) if given by overnight courier, with courier charges prepaid, 24 hours after delivery to said overnight courier, or (e) if given by any other means, upon delivery at the address specified in this Section.

Section 7. Indemnification. The Owner hereby agrees to indemnify, defend (with counsel acceptable to the City), protect and hold harmless the City and the Community Facilities District and their elective or appoin tive boards, council members, officers, and employees from any and all claims, rights, grievances, demands, damages, debts, liabilities, obligations, costs, expenses, causes of action, or damages of any kind or nature, including attorneys’ fees, whether known or unknown, existing or potential, anticipated or unanticipated, or which may hereafter be sustained, arising out of or related to any acts or omissions taken by the Owner’s officers, employees, contractors and agents with respect to this Deposit Agree ment or the Change Proceedings, unless the same are caused by the negligence or willful misconduct of the City or the Community Facilities District or their elective or appointive boards, council members, officers, and employees. This hold harmless agreement shall apply to all liability regardless of whether any insurance policies are applicable or insurance proceeds are available to the Owner. Any such policy limits do not act as a limitation upon the amount of indemnification to be provided by the Owner.

Section 8. Release. Except in the event of the City’s or Community Facilities District’s or their elective or appointive boards, council members, officers, and employees, negligence or willful misconduct, and except as to the terms and conditions of this Deposit Agreement, the Owner hereby fully and irrevocably releases, waives, acquits and discharges the City and the Community Facilities District and their electives or appointive boards, council members, officers, and employees of and from any and all claims, rights , grievances, demands, debts, liabilities, obligations, costs, expenses, causes of action, or damages of any nature, including attorney’s fees, whether known or unknown, existing or potential, anticipated or unanticipated, or which may hereafter be sustain ed, arising out of, related to, or having any connection with this Deposit Agreement, or the Change Proceedings.

To this end, except as to the terms and conditions of this Deposit Agreement, the Owner expressly waives and relinquishes all rights and benefits under California Civil Code Section 1542, which states as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.”
Section 9. California Law. This Deposit Agreement shall be governed and construed in accordance with the laws of the State of California. The Parties shall be entitled to seek any remedy available at law and in equity. All legal actions must be instituted in the Superior Court of the County of Ventura, State of California, in an appropriate municipal court in Ventura County, or in the United States District Court for the District of California in which Ventura County i s located.
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6 Section 10. Successors and Assigns . This Deposit Agreement shall be binding upon and inure to the benefit of the successors and assigns of the parties hereto.

Section 11. Counterparts. This Deposit Agreement may be executed in counterparts, each of which shall be deemed an original and all of which shall constitute but one and the same instrument.

Section 12. Other Agreements. The obligations of the Owner hereunder shall be that of a party hereto. Nothing herein shall be construed as affecting the City’s or Owner’s rights, or duties to perform their respective obligations, under applicable law, other agreements, use regulations or subdivision requirements relating to the development. This Deposit Agreement shall not confer any additional rights, or waive any rights given, by ei ther party hereto under any development or other agreement to which they are a party.

Section 13. Titles and Captions. Titles and captions are for convenience of reference only and do not define, describe or limit the scope or the intent of this Deposit Agreement or of any of its terms. Reference to section numbers are to sections in this Deposit Agreement, unless expressly stated otherwise.

Section 14. Interpretation. As used in this Deposit Agreement, masculine, feminine or neuter gender and the singular or plural number shal l each be deemed to include the others where and when the context so dictates. The word “including” shall be construed as if followed by the words “without limitation.” This Deposit Agreement shall be interpreted as though prepared jointly by both Parties.

Section 15. No Waiver. A waiver by either Party of a breach of any of the covenants, conditions or agreements under this Deposit Agreement to be performed by the other Party shall not be construed as a waiver of any succeeding breach of the same or other covenants, agreements, restrictions or conditions of this Deposit Agreement.

Section 16. Modifications. Any alteration, change or modification of or to this Deposit Agreement, in order to become effective, shall be made in writing and in each instance signed on behalf of each Party.

Section 17. Severability. If any term, provision, condition or covenant of this Deposit Agreement or its application to any party or circumstances shall be held, to any extent, invalid or unenforceable, the remainder of this Deposit Agreement, or the application of the term, provision, condition or covenant to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected, and shall be valid and enforceable to the fullest extent permitted by law.

Section 18. Legal Advice . Each Party r epresents and warrants to the other the following: they have carefully read this Deposit Agreement, and in signing this Deposit Agreement, they do so with full knowledge of any right which they may have; they have received independent legal advice from th eir respective legal counsel as to the matters set forth in this Deposit Agreement, or have knowingly chosen not to consult legal counsel as to the matters set forth in this Deposit Agreement; and, they have freely signed this Deposit Agreement without any reliance upon any agreement, promise, statement or representation by or on behalf of the other 149

7 Party, or their respective agents, employees, or attorneys, except as specifically set forth in this Deposit Agreement, and without duress or coercion, whether economic or otherwise.

Section 19. Cooperation. Each Party agrees to cooperate with the other in this transaction and, in that regard, to sign any and all documents which may be reasonably necessary, helpful, or appropriate to carry out the purposes and intent of this Deposit Agreement including, but not limited to, releases or additional agreements.

Section 20. Conflicts of Interest. No member, official or employee of City shall have any personal interest, direct or indirect, in this Deposit Agreement, nor shall any such member, official or employee participate in any decision relating to the Deposit Agreement which affects his personal interests or the interests of any corporation, partnership or association in which he is directly or indirectly interested.
150

S-1
IN WITNESS WHEREOF, the Parties have executed this Deposit Agreement as of the date set forth on the first page hereof.

“CITY”

CITY OF OXNARD,
a municipal corporation

By:_______________________________

Title: _____________________________

“OWNER”

FIFTH HARBOR OWNER, LLC,
a Delaware limited liability company

By: ______________________________

Name: ____________________________

Title: ______________________________
151

A-1

EXHIBIT A

PROPERTY DESCRIPTION
The following described property is situated in the City of Oxnard, County of Ventura, State of California:

Tracts 5592-1 & 5592-2
152

B-1

EXHIBIT B
City of Oxnard
Community Facilities District No. 9
(Northshore at Mandalay Bay)

CERTIFICATE REGARDING

DISBURSEMENTS PURSUANT TO THE

DEPOSIT AND REIMBURSEMENT AGREEMENT
The undersigned hereby states and certifies:
(1) that he/she, as the duly qualified Finance Director of the City of Oxnard, a municipal corpo ration duly organized and existing under the laws of the State of California (the “City”) is authorized pursuant to the Deposit and Reimbursement Agreement, dated as of _____________, 2025 (the “Agreement”), by and between the City and Fifth Harbor Owner, LLC, relating to the Change Proceedings (as defined in the Agreement), to execute and deliver this certificate;
(2) that pursuant to the Agreement, each obligation shown on Exhibit 1 has been properly incurred as a Modification Cost;
(3) that no item to be paid pu rsuant to this Certificate has been previously paid or reimbursed from the Deposits; and
(4) that capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Agreement.

Dated: ______________

CITY OF OXNARD,
a municipal corporation

By: _______________________________
Title: Finance Director

153
Attachment 5
154
155
156
157
158
159
RESOLUTION NO. _______

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD,

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

MANDALAY BAY), APPROVING A DEPOSIT AND REIMBURSEMENT

AGREEMENT RELATING TO CHANGE PROCEEDINGS FOR SAID

COMMUNITY FACILITIES DISTRICT
WHEREAS, the City Council (the “City Council”) of the City of Oxnard (the “City”) formed a community facilities district pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”), known as the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay) (the “CFD”) to replace the previously formed City of Oxnard Community Facilities District No. 6; and
WHEREAS, Sections 53314.9 and 53332 of the Act provide that, at any time either before or after the formation of a community facilities district, the legislative body may accept advances of funds from any source, including, but not limited to, private persons or private entities and may provide, by resolution, for the use of those funds for any authorized purpose, including, but not limited to, paying any cost incurred by the local agency in modifying a community facilities district (including the issuance of bonds thereby); and WHEREAS, Fifth Harbor Owner, LLC (“Owner”), as owner of the property within the CFD (the “Property”), has agreed to advance funds to the City to cover certain costs for change proceedings for the CFD that are eligible for reimbursement upon the sale of bonds by the CFD from the proceeds of such bonds; and
WHEREAS, there has been submitted to this City Council a Deposit and Reimbursement Agreement relating to such funds, and this City Council, with the aid of its staff, has reviewed said documents and found them to be in proper order.

NOW, THEREFORE, the City Council of the City of Oxnard, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), does resolve as follows:

PART 1. The above recitals are true and correct.

PART 2. The City Council hereby approves the Deposit and Reimbursement Agreement by and between the City and Owner, in substantially the form presented to the City Council at this meeting. The Mayor, the City Manager, the Assistant City Manager and Finance Director are hereby authorized to execute the Deposit and Reimbursement Agreement with such revisions, amendments and completions as shall be approved by the officer executing the same, such approval to be conclusively evidenced by the execution and delivery thereof.

PART 3. The City Clerk shall certify to the adoption of this Resolution. 160
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The foregoing Resolution was adopted at a regular meeting of the City Council of the City of Oxnard, State of California, held on the ___ day of ____________, 2025, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:
_____________________________________
Luis A. Mc Arthur, Mayor
ATTEST:
_____________________________
Lourdes A. Lopez, City Clerk
APPROVED AS TO FORM:
_____________________________________
Stephen M. Fischer, City Attorney
161

RESOLUTION NO.

RESOLUTION OF CONSIDERATION OF THE CITY COUNCIL OF THE CITY

OF OXNARD, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF OXNARD COMMUNITY FACILITIES DISTRICT NO. 9
(NORTHSHORE AT MANDALAY BAY), DECLARING ITS INTENTION TO

MODIFY THE RATE AND METHOD OF APPORTIONMENT OF THE

SPECIAL TAX RELATING TO SAID COMMUNITY FACILITIES DISTRICT,

INCREASE CERTAIN SPECIAL TAX RATES, ADD A NEW SPECIAL TAX,

INCREASE THE MAXIMUM BONDED INDEBTEDNESS, AMEND A

FUNDING AND ACQUISITION AGREEMENT AND REVISE THE

APPROPRIATIONS LIMIT OF SAID COMMUNITY FACILITIES DISTRICT,

AND OTHER RELATED ACTIONS IN CONNECTION THERETO

WHEREAS, the City Council (the “Council”) of the City of Oxnard, California (the “City”), on September 7, 2021, adopted its Resolution No. 15,482 (the “Resolution of Intention”) stating its intention to form the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay) (the “District”) consisting of certain property within the City (the “Property”), pursuant to the Mello -Roos Community Facili ties Act of 1982, as amended, (the “Act”) being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California; and WHEREAS, pursuant to Resolution No. 15,483, adopted on September 7, 2021 (the “Resolution of Intention to Incur Bonded Indebtedness”), the Council declared its intention to finance certain facilities and incidental expenses through the incurrence of bonded indebtedness in an amount not to exceed $22,500,000 for the District (the “Original Bonded Indebtedness”); and
WHEREAS, on October 5, 2021, the Council held a public hearing as required by law and the Act on all matters pertaining to the formation of the District, including the boundaries of the District, the special taxes relating to the District (the “Original Sp ecial Taxes”), including the special tax for certain facilities (the “Original Special Tax - Facilities”), the special tax for general “Special Tax – Services”) and the special tax for certain remediation services (the “Special Tax - Environmental”), the description of the authorized facilities (the “Facilities”) and the authorized general services (the “General Services”) and the authorized remediation services (the “Remediation Services,” and together with the General Services, the “Services”) and the incurrence of the Original Bonded Indebtedness, and such matters were not precluded by a majority protest; and
WHEREAS, following said public hearing, the Council adopted Resolution No. 15,492 on October 5, 2021, determining the validity of prior proceedings, and establishing the District (the “Resolution of Formation”); and
WHEREAS, pursuant to Sections 53313 .5 and 53314.9 of the Act, the Council approved a Funding and Acquisition Agreement by and between the City, acting on behalf of the District and MPL Pr operty Holdings LLC (the “Funding and Acquisition Agreement”) relating to the 162
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construction, acquisition, payment and reimbursement of the Facilities, which Funding and Acquisition Agreement was assumed by Fifth Harbor Owner, LLC (the “Owner”); and WHEREAS, the map of the boundaries of the District (the “Map”) has been recorded in the Office of the County;
WHEREAS, the Council, in its capacity as the legislative body of the District (the “Legislative Body”) called and duly held an election within the District pursuant to Resolution No. 15,493 (the “Resolution Calling Election”) adopted on October 5, 2021, for the purpose of presenting to the qualified electors propositions for the levy of the Original Special Tax – Facilities, the Special Tax – Services and the Special Tax – Environmental and the authorization to issue the Original Bonded Indebtedness related to the Original Special Tax - Facilities; and WHEREAS, as shown in Resolution No. 15,494 (the “Resolution Declaring Results”), the canvass of the votes cast in the District at the special election held on October 5, 2021, resulted in a unanimous vote of the qualified electors voting at said election; and WHEREAS, pursuant to Ordinance No. 3004 adopted by the Legislative Body on October 19, 2021, the District is authorized to levy the Original Special Taxes within the District at the rates and pursuant to the formulas set forth in the Resolution of Formation ( the “Original RMA”); and
WHEREAS, the District has not yet incurred any indebtedness; and WHEREAS, Owner, the current owner of the Property, has approached the District to consider certain modifications to the District pursuant to the Act; and WHEREAS, the Legislative Body has received a petition and waiver from the Owner of the Property (the “Petit ion”) requesting change proceedings to (i) modify the Original RMA to increase the rates for the Special Tax – Facilities and the Special Tax – Services and add a new special tax for State parks (the “Special Tax – State Parks”); (ii) increase the maximum bonded indebtedness for the District; (iii) amend the Funding and Acquisition Agreement; and (iv) revise the appropriations limit for the District, in accordance with the terms of this Resolution; and WHEREAS, the Legislative Body has determined that the P etition complies with the requirements of Government Code Section 53332 and now intends to consider such change proceedings; and
NOW, THEREFORE, the City Council of the City of Oxnard, acting as the legislative body of the City of Oxnard Community Faciliti es District No. 9 (Northshore at Mandalay Bay), does resolve as follows:

PART 1. The Council hereby proposes to institute change proceedings for the District pursuant to and in accordance with the terms of the Act.

PART 2. The exterior boundaries of the District are to remain the same and are described on that certain map on file in the office of the City Clerk entitled “Map of Proposed Boundaries City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay).” 163
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PART 3. The name of the District shall remain the “City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay).” PART 4. The Facilities which are authorized to be financed by the District as described in the Resolution of Formation are hereby modified to include, but not limited to, the Facilities set forth on Exhibit A hereto and by this reference incorporated herein. Such Facilities need not be physically located within the District.

PART 5. The General Services which are authorized to be provided and financed by the District as described in the Resolution of Formation are hereby modified to include, but not limited to, the Services set forth on Exhibit B and by this reference incorporated herein.

PART 6. The Remediation Services which are authorized to be provided and financed by the District remain the same as described in the Resolution of Formation and by this reference incorporated herein.

PART 7. The State Park Services which are proposed to be added and authorized to be provided and financed by the District include, but not limited to, the State Park Services set forth in Exhibit C and by this reference incorporated herein.

PART 8. Proposed changes to Original RMA include the increase of the rates for the Special Tax - Facilities and the Special Tax – Services and the addition of the Special Tax – State Parks. Except where funds are otherwise available, it is the intention of the District to levy annually in accordance with procedures contained in the Act (i) an amended facilities special tax within the District (the “Amended Special Tax – Facilities”) sufficient to pay for the costs of financing the purchase, construction, expansion, modification, rehabilitation or improvement of the Facilities, including the principal of and inter est on two or more series of the bonds proposed to be issued to finance the Facilities and other periodic costs, the establishment and replenishment of reserve funds, the remarketing, credit enhancement and liquidity fees, the costs of administering the levy and collection of the Special Taxes and all other costs of the levy of the Special Taxes and issuance of the bonds, including any foreclosure proceedings, architectural, engineering, inspection, legal, fiscal, and financial consultant fees, discount fee s, interest on bonds (but not to exceed two years), election costs and all costs of issuance of the bonds, including, but not limited to, fees for bond counsel, disclosure counsel, financing consultants and printing costs, and all other administrative cost s of the tax levy and bond issues, (ii) an amended services special tax (the “Amended Special Tax – Services”) within the District sufficient to pay for the costs of financing the General Services, (iii) a proposed new Special Tax – State Parks within the District to pay for the costs financing the State Park services and fees, and (iv) a Special Tax – Environmental within the District sufficient to pay for the costs of financing the Remediation Services.

The Amended Special Tax – Facilities, the Amended S pecial Tax – Services, the Special Tax – State Parks, and the Special Tax – Environmental shall be referred to collectively as the “Special Taxes.” The Special Taxes shall be secured by the recordation of an amended and restated notice of the continuing li en against all nonexempt real property in the District. In the first year in which such a Special Taxes are levied, the levy shall include a sum sufficient to repay to the City all amounts, if any, transferred to the District pursuant to Section 53314 of the Act and 164
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interest thereon. The City may extend such payments as provided in the Act. The Original RMA and manner of collection of the Original Special Taxes is proposed to be amended and restated (the “Amended RMA”) as described in detail in Exhibit “A” attached hereto and incorporated herein by this reference. The Special Taxes are based upon the cost of financing the Facilities, the General Services, the State Parks services and fees, the Remediation Services, incidental expenses in the District, the d emand that each parcel will place on City or other public agency for the Facilities, the General Services, State Parks and Remediation Services and other reasonable factors. The Amended RMA allows each landowner within the District to estimate the maximum amount that may be levied against each parcel.

PART 9. The Special Taxes are apportioned to each parcel on the foregoing basis pursuant to Section 53325.3 of the Act and as described in the Amended RMA and such Special Taxes are not levied on or based upon the value or ownership of real property. In the event that a portion of the property within the District shall become for any reason exempt, wholly or partially, from the levy of the Special Taxes, the Council shall, on behalf of the District, increase the levy to the extent necessary upon the remaining property within the District which is not delinquent or exempt in order to yield the required payments, subject to the maximum tax. Under no circumstances, however, shall the Amended Special Tax - Facilities levied in any fiscal year against any parcel used for private residential purposes be increased as a consequence of delinquency or default by the owner or owners of any other parcel or parcels within the District by more than 10 percent above the amoun t that would have been levied in that fiscal year had there never been any such delinquencies or defaults. Furthermore, the maximum Amended Special Tax - Facilities authorized to be levied against any parcel used for private residential purposes shall not be increased over time in excess of 2 percent per year.

Special Tax - Facilities shall not be levied or collected after fiscal year 2068-69, except that Special Tax - Facilities that was lawfully levied in or before such final tax year and that remains delinquent may be collected in subsequent years. Special Tax - Services shall be levied and collected in perpetuity. Special Tax - Environmental and Special Tax – State Parks shall be levied and collected as provided in the Amended RMA.

The Council hereby determines that the maximum Amended Special Tax – Facilities may include an increase of no more than 2 percent per year as described in the Amended RMA.

PART 10. The District determines that it is necessary to increase the Original Bonded Indebtedness wit hin the boundaries of the District from the principal amount not to exceed $22,500,000 to not to exceed $40,000,000 within the District (the “Bonded Indebtedness”), to finance the costs of the Facilities and incidental expenses, including, but not limited to, the funding of reserve funds for the bonds, the financing of costs associated with the issuance of the bonds and all other costs and expenses necessary to finance the Facilities which are permitted to be financed pursuant to the Act.

PART 11. It is the intent of the Legislative Body to authorize the sale of bonds in one or more series for the District in the maximum aggregate principal amount of not to exceed $40,000,000 at a maximum interest rate not in excess of 12 percent per annum or such rate not in excess of the maximum rate permitted by law at the time the bonds are issued. The term of the 165
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bonds shall be determined pursuant to a resolution of the Legislative Body authorizing the issuance of the bonds, but such term shall in no event exceed 40 years.

PART 12. The District determines that it is necessary to revise the Original Appropriations Limit within the boundaries of the District from the initial amount of $5,000,000 to an amount equal to $40,000,000, as defined by Article XIIIB of the Californ ia Constitution, as adjusted for changes in the cost of living and changes in population.

PART 13. A public hearing (the “Hearing”) on the proposed modifications to the District as specified in this Resolution shall be held on June 26, 2025, at 6:00 p.m ., or as soon thereafter as practicable, at the chambers of the City Council of the City of Oxnard, 305 West Third Street, Oxnard, CA 93030. At the time and place set forth for the Hearing, any interested person, including all persons owning lands or registered to vote within the District may appear or be heard. Any protests may be made orally or in writing, except that any protests pertaining to the regularity or sufficiency of such proceedings shall be in writing and shall clearly set forth the irregularities and defects to which the objection is made. All written protests shall be filed with the City Clerk on or before the time fixed for such Hearing, and any written protest may be withdrawn in writing at any time before the conclusion of such Hearing. If written protests against the modifications to the District are filed by (a) fifty percent (50%) or more of the registered voters, or six (6) registered voters, whichever is greater, residing within the District, or (b) the owners of one-half (½) or more of the area of land included within the District, the proceedings shall be abandoned. If said majority protest is limited to certain types of proposed modifications, those modifications must be eliminated by the Council.

Should the Legislative Body deter mine to amend the District as described in this Resolution, a special election will be held within the District to authorize such modifications in accordance with the procedures contained in Government Code Section 53326. If held, and there are less than 12 registered voters in the District, the proposed voting procedure at the elections will be a landowner vote with each landowner who is the owner of record of land within the District at the close of the Hearing, or the authorized representative thereof, having one vote for each acre or portion thereof owned within the District. Ballots for the special election may be distributed by mail or by personal service.

PART 14. Each City officer who is or will be responsible for the Facilities to be financed by the District, is hereby directed to study the proposed changes to the District and, at or before the time of the above-mentioned Hearing, file a report with the Legislative Body, and which is to be made a part of the record of the Hearing, containing a brief description of the Facilities by type which will in his or her opinion be required to adequately meet the needs of the District and his or her estimate of the cost of providing the Facilities, General Services and State Parks services and fees, including an estimate of the fair and reasonable cost of all Incidental Expenses, including the cost of planning and designing the Facilities to be financed pursuant to the Act, the cost of environmental evaluations of such Facilities, all costs associated with the amendment of the District, issuance of bonds, determination of the amount of any special taxes, collection of any special taxes, or costs otherwise incurred in order to carry out the authorized purposes of the City 166
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with respect to the District, and any other expenses incidental to the construction, completion and inspection of the authorized work to be paid through the proposed financing.

PART 15. The City may accept advances of funds or work -in-kind from any sources, including private persons or private e ntities, and is authorized and directed to use such funds for any authorized purpose, including any cost incurred in creating the District or changes to the District. The District may enter into an agreement to repay all of such funds as are not expended or committed for any authorized purpose at the time of the election, if the proposal to modify the District should fail, and to repay all of such funds advanced if the modifications shall be approved by the qualified electors.

PART 16. The City Clerk is her eby directed to publish a notice (“Notice”) of the Hearing pursuant to Section 6061 of the Government Code in a newspaper of general circulation published in the area of the District. Such Notice shall contain the text or a summary of this Resolution, state the time and place of the Hearing, a statement that the testimony of all interested persons or taxpayers will be heard, a description of the protest rights of the registered voters and landowners in the District as provided in Section 53324 of the Act an d a description of the proposed voting procedure for the election required by the Act. Such publication shall be completed at least seven (7) days prior to the date of the Hearing.

PART 17. Pursuant to Section 53344.1 of the Act, the Legislative Body hereby reserves to itself, in its sole discretion, the right and authority by subsequent resolution to allow any owner of property within the District, subject to the provisions of Section 53344.1 of the Act and those conditions as it may impose, and any appli cable prepayment penalties as prescribed in the bond indenture or comparable instrument or document, to tender to the District treasurer in full payment or part payment of any installment of the Special Taxes or the interest or penalties thereon which may be due or delinquent, but for which a bill has been received, any bond or other obligation secured thereby, the bond or other obligation to be taken at par and credit to be given for the accrued interest shown thereby computed to the date of tender.

PART 18. The voting procedure with respect to the modifications to the District shall be as follows:
(a) If at least 12 persons have been registered to vote within the District for each of the ninety (90) days preceding the close of the Hearing, the vote in the Ele ction shall be by the registered voters of the District with each voter having one vote. In that event, the Election shall be conducted by the City Clerk (the “Election Official”) and shall be held on a date selected by the City Council in conformance with the provisions of Section 53326 of the Act and pursuant to the provisions of the Elections Code of the State of California governing elections of cities, insofar as they may be applicable, and pursuant to said Section 53326 the ballots for the Election shall be distributed to the qualified electors of the District by mail with return postage prepaid, and the Election shall be conducted as a mail ballot election. (b) If at the time of the close of the Hearing, and for at least one day of the preceding ninety (90) days, less than 12 persons have been registered to vote within the District, and pursuant to Section 53326 of the Act, the vote is therefore to be by the landowners within the 167
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District, with each landowner of record at the close of the Hearing having o ne vote for each acre or portion of an acre of land that he or she owns within the District, the Election shall be conducted by the Election Official as follows:
(1) The Election shall be held on the earliest date, following the Hearing and adoption of a resol ution submitting the propositions, upon which such Election can be held pursuant to said Section 53326 which may be selected by the Council, or such earlier date as the owners of land within the District and the Election Official agree and concur is acceptable. (2) Pursuant to said Section 53326, the Election may be held earlier than ninety (90) days following the close of the Hearing if the qualified electors within the District waive the time limits for conducting the elections set forth in said Section 53326 by unanimous written consent and the Election Official concurs in such earlier election date as shall be consented to by the qualified electors.
(3) Pursuant to said Section 53326, ballots for the Election shall be distributed to the qualified electors by the Election Official by mail with return postage prepaid, or by personal service.
(4) Pursuant to applicable sections of the Elections Code of the State of California governing the conduct of mail ballot elections of cities, and the City, the Election Official shall, among other things, mail or deliver or cause to be mailed or delivered to each qualified elector an official ballot in a form specified by the Council in the resolution calling the Election, and a return identification envelope with prepaid postage thereon addressed to the Election Official for returning voted official ballots. (5) The official ballot to be mailed or delivered by the Election Official to each landowner-voter shall have printed or typed thereon the name of the landowner-voter and the number of votes to be voted by the landowner-voter and shall have appended to it a certification to be signed by the person voting the official ballot which shall certify that the person signing the certification is the person who voted the official ballot, that he or she has been authorized to vote such official ballot on behalf of the landowner-voter and if the landowner -voter is other than a natural person, that he or she is an officer of or other person affiliated with the landowner -voter entitled to vote such official ballot.
(6) The return identification envelope mailed or delivered by the Election Official to each landowner-voter shall have printed or typed thereon the following: (i) the name of the landowner, (ii) the address of the landowner, (iii) a declaration under penalty of perjury stating that the voter is the landowner or the authorized representative of the landowner entitled to vote the enclosed ballot and is the person whose name appears on the identification envelope, (iv) the printed name and signature of the voter, (v) the address of the voter, (vi) the date of signing and place of execution of said declaration, and (vii) a notice that the envelope contains an official ballot and is to be opened only by the Election Official. 168
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(7) The instruction to voter form to be maile d or delivered by the Election Official to the landowner -voters shall inform them that the official ballots shall be returned to the Election Official properly voted as provided thereon and with the certification appended thereto properly completed and signed in the sealed return identification envelope with the certification thereon completed and signed and all other information to be inserted thereon properly inserted by the hour on the date of the Election which is specified by the Election Official for the receipt of ballots; provided that if all qualified voters have voted, the Election may be closed by the Election Official.
(8) Upon receipt of the return identification envelopes which are returned prior to the voting deadline on the date of the Election, the Election Official shall canvass the votes cast in the Election, and shall file a statement with the Council as to the results of such canvass and the election on each proposition set forth in the official ballot.

The procedures set forth in this sectio n for conducting the Election, if held, may be modified as the Council may determine to be necessary or desirable.

PART 18. The City Clerk shall certify to the adoption of this Resolution.

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The foregoing Resolution was adopted at a regular meeting of the City Council of the City of Oxnard, State of California, held on the ____ day of June, 2025, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

_____________________________________
Luis A. Mc Arthur, Mayor

ATTEST:

_____________________________
Lourdes A. Lopez, City Clerk

APPROVED AS TO FORM:

_____________________________________
Stephen M. Fischer, City Attorney

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EXHIBIT A

ESTIMATED DESCRIPTION AND BUDGET OF FACILITIES

171
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[ROC CFD No. 9 (Northshore at Mandalay Bay)]
June 3, 2025

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EXHIBIT B

ESTIMATED DESCRIPTION AND BUDGET OF SERVICES

Initial Annual Budget - Services
CFD Eligible Services
Total
Costs
Landscape & Street Lights (Harbor & 5th) $103,645
Sewer Lift Station 42,000
Public Storm Drain Maintenance (Harbor & 5th) 72,841
City Administration 214,570
Mandalay State Beach Maintenance/Patrol Funding 86,000
RPA Maintenance (24 Acres) 15,714
Milk Vetch Maintenance 88,180
Total Estimated Annual Costs $622,950
Contingency (10%) 62,295
Total $685,245

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EXHIBIT C

ESTIMATED BUDGET AND DESCRIPTION OF STATE PARK FEES AND SERVICES 173
174
175
176
177
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EXHIBIT D

PROPOSED AMENDED RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX

178
City of Oxnard April 8, 2025
CFD No. 9 (Northshore at Mandalay Bay) Page 1

AMENDED AND RESTATED

RATE AND METHOD OF APPORTIONMENT FOR

CITY OF OXNARD
COMMUNITY FACILITIES DISTRICT NO. 9
(Northshore at Mandalay Bay)
Three Special Taxes, as hereinafter defined , shall be levied on all Assessor’s Parcels in the City of Oxnard (the “City”) Community Facilities District No. 9 (Northshore at Mandalay Bay) (“CFD No. 9”) and collected each Fiscal Year commencing in Fiscal Year 2024/25, in amount s determined by the City or its designee, through the application of the Rate and Method of Apportionment as described below. All real property in CFD No. 9, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. DEFINITIONS
The terms hereinafter set forth have the following meanings:
“Accessory Dwelling Unit” means a secondary residential unit of limited size , as defined in California Government Code Section 65852.2 as that may be amended from time to time, that is accessory to a single-unit dwelling located on an Assessor’s Parcel.
“Acre” or “Acreage” means that acreage shown on the Assessor’s Parcel Map or in the Assessor’s Data for each Assessor’s Parcel. In the event that the Assessor’s Parcel Map or Assessor’s Data shows no acreage, the Acreage for any Assessor’s Parcel may be determined by the CFD Administrator based upon the applicable condominium plan, final map, parcel map or calculated using available spatial data and GIS. "Act" means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1, Division 2 of Title 5 of the Government Code of the State. "Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 9: the costs of any paying agents/fiscal agents/trustees related to Bond payments (including the fees and expenses of its counsel), banking and management; the costs of computing the Special Tax Requirements, the Special Taxes and of preparing the collection schedules for the Special Taxes; the costs of collecting the Special Taxes, including any charges levied by the County Auditor’s Office, Tax Collector’s Office or Treasurer’s Office; the costs of the City or designee in complying with the disclosure requirements of California law (including the Act) and the federal securities laws; costs of responding to public inquiries regarding the Special Taxes; the costs of the City or designee related to an appeal of the Special Taxes or interpretation of the Rate and Method of Apportionment; amounts needed to pay rebate to the federal government related to Bonds; and the costs of comm encing and pursuing to completion any foreclosure action arising from delinquent Special Taxes in the City.

Administrative Expenses shall also include an allocable share of the salaries of City staff and an allocable portion of City overhead costs relating to the foregoing, or costs of the City in any way related to the establishment or administration of the City. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 9 for any other administrative purposes of CFD No. 9. 179
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“Assessor’s Data” means the property characteristic data compiled and maintained by the County Assessor for each Assessor’s Parcel, including, but not limited to, Assessor’s Parcel Number, Building Square Footage, and Units.
"Assessor’s Parcel" means a lot or parcel shown in an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.
"Assessor’s Parcel Map" means an official map of the County Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” or “APN” means, with respect to an Assessor’s Parcel, that number assigned to such Assessor’s Parcel by the County for purposes of identification. “Assigned Special Tax - Environmental” means the Assigned Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. “Assigned Special Tax - Facilities” means the Assigned Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. “Authorized Environmental Services” means the services related to environmental operations, maintenance, and monitoring authorized to be funded, in whole or in part, by CFD No. 9. “Authorized Facilities” means the public facilities and capital fees, authorized to be financed, in whole or in part, by CFD No. 9, including by the proceeds of any CFD No. 9 Bonds. “Authorized Maintenance Services” means the services authorized to be funded, in whole or in part, by CFD No. 9.
“Backup Special Tax - Environmental” means the Backup Special Tax - Environmental applicable to each Assessor’s Parcel of Developed Property, as determined in accordance with Section C below. “Backup Special Tax - Facilities” means the Backup Special Tax - Facilities applicable to each Assessor’s Parcel of Developed Property, as determined in accordance with Section C below. “Bonds” means bonds or other debt (as defined in the Act), whether in one or more series, issued or assumed by or on behalf of CFD No. 9 under the Act. Bonds also includes any bonds issued to refinance a previous bond issue.
“Boundary Map” means that map recorded with the County recorder’s office in Book 20 at Page 27 as Document Number 20210928- 00178472-0.
“Building Square Footage” or “Building Square Feet” or, singularly, “Building Square Foot” means the building square footage assigned to each Assessor’s Parcel , which may be determined by referencing (i) Assessor’s Data, (ii) site surveys, and/or (iii) other research by the CFD Administrator. The Building Square Footage of an Assessor’s Parcel shall include the square footage of all Units on the Assessor’s Parcel. "CFD Administrator" means an official of the City, or designee thereof, responsible for determining the Special Tax Requirements, and providing for the levy and collection of the Special Taxes. "CFD No. 9" means City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay). 180
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“City” means the City of Oxnard, California.
“City Council” means the City Council, acting as the legislative body of CFD No. 9. “Consumer Price Index” or “CPI” means the Consumer Price Index published by the U.S. Bureau of Labor Statistics for “All Urban Consumers” in the Los Angeles – Riverside – Orange County Area, measured as of the month of April in the calendar year which ends in the previous Fiscal Year. I n the event this index ceases to be published, the Consumer Price Index shall be another index as determined by the CFD Administrator that is reasonably comparable to the Consumer Price Index. "County" means the County of Ventura.
“Debt Service” means for each Debt Year, the total amount of principal and interest due for any Bonds of CFD No. 9.
“Debt Year” means each 12-month period designated as such, or by a similar term, in the Indenture for each series of Bonds.
"Developed Property" means for each Fiscal Year, all Taxable Property, exclusive of Taxable Contingent Property, for which a Building Permit was issued on or before June 1 of the prior Fiscal Year. For example, Taxable Property for which a Building Permit was issued on or before June 1 of the prior Fiscal Year (i.e., June 1, 2024), would be treated as Developed Property for Fiscal Year 2024/25. “Disbursement Agreement” means the Special Tax Disbursement Agreement executed on [DATE]. "Fiscal Year" means the period starting July 1 and ending on the following June 30. “GIS” or “Geographic Information System” means a system designed to capture, store, manipulate, analyze, manage, and present spatial or geographic data. “Indenture” means the indenture, fiscal agent agreement, resolution, or other instrument pursuant to which Bonds for CFD No. 9 are issued, as modified, amended, and/or supplemented from time to time, and any instrument replacing or supplementing the same. “Maximum Special Tax” means, individually or collectively, as the context requires, the Maximum Special Tax – Facilities, the Maximum Special Tax – Services, and/or the Maximum Special Tax – Environmental. "Maximum Special Tax - Environmental” means the Maximum Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. "Maximum Special Tax - Facilities” means the Maximum Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. "Maximum Special Tax - Services” means the Maximum Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. "Maximum Special Tax – State Park Maintenance Services” means the Maximum Special Tax determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
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“Outstanding Bonds” means all Bonds that are outstanding under and in accordance with the provisions of the Indenture.
“Pay-As-You-Go Expenditure” means Pay-As-You-Go Revenue which is used or set aside for Authorized Facilities. Pay-As-You-Go Expenditures may be included in the Special Tax Requirement until all Authorized Facilities have been constructed or acquired.
“Pay-As-You-Go Revenue” means Special Tax - Facilities revenues that are available after being used or set aside for Debt Service and Administrative Expenses. "Property Owner Association Property" means, for each Fiscal Year, any property within the boundaries of CFD No. 9 that is owned by a property owner association, including any master or sub -association, as of January 1 of the prior Fiscal Year.
“Property Type” means either Single Family Residential Property, Taxable Contingent Property, or Tax - Exempt Property.
"Proportionately" means for Developed Property , Taxable Contingent Property and Undeveloped Property that the ratio of each Special Tax levy to the related Maximum Special Tax is equal for all Assessors’ Parcels of Developed Property , Taxable Contingent Property and Undeveloped Property, respectively.
"Public Property" means property within the boundaries of CFD No. 9 owned by, irrevocably offered or dedicated to, or for which an easement for purposes of public right-of-way has been granted to the federal government, the State, the County, the City, or any local government or other public agency, provided that any property leased by a public agency to a private entity and subject to taxation under Section 53340.1 of the Act shall be taxed and classified according to its use. “Rate and Method of Apportionment” means this Rate and Method of Apportionment of Special Tax for CFD No. 9.
“Services Operating Reserve” means one or more accounts (whether funded by Special Taxes – Services or from funds outside of CFD No. 9) held by the City that serve as a reserve for Authorized Maintenance Services; provided, however, that the Services Operating Reserve may not exceed the Services Operating Reserve Requirement.
“Services Operating Reserve Requirement” means, in the aggregate for a Fiscal Year, an amount not in excess of the Maximum Special Tax – Services that may be levied on Taxable Property in such Fiscal Year. “Single Family Residential Property” means all Assessor’s Parcels of Developed Property with a residential structure intended for a single Unit.
"Special Tax(es)" means, individually or collectively as the context requires, Special Tax – Facilities, Special Tax – Services, Special Tax – State Park Maintenance Services, and/or Special Tax – Environmental. “Special Tax – Environmental” means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property within CFD No. 9 to fund the Special Tax Requirement – Environmental. “Special Tax – Facilities” means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property within CFD No. 9 to fund the Special Tax Requirement – Facilities. 182
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“Special Tax – Services” means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property within CFD No. 9 to fund the Special Tax Requirement – Services. “Special Tax – State Park Maintenance Services” means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property within CFD No. 9 to fund the Special Tax Requirement – State Park Maintenance Services.
"Special Tax Requirement s” means, collectively, Special Tax Requirement – Facilities, Special Tax Requirement – Services, and Special Tax Requirement – Environmental. "Special Tax Requirement - Environmental" means that amount required in any Fiscal Year for CFD No. 9 to pay for Authorized Environmental Services as determined by the budget set forth in the Disbursement Agreement (as such Disbursement Agreement may be amended from time to time). The budget set forth in the _ Disbursement Agreement is inclusive of contingency and reserves. The Special Tax – Environmental will not contribute to Administrative Expenses. "Special Tax Requirement - Facilities" means that amount required in any Fiscal Year for CFD No. 9 to (1) pay Debt Service on all Outstanding Bonds which is due in such Fiscal Year; (2) pay Administrative Expenses; (3) provide any amount required to establish or replenish a reserve fund in connection with any Bonds; (4) through Fiscal Year 2042/43, any amounts needed for Pay -As-You-Go Expenditures eligible to be funded by CFD No. 9 under the Act, to the extent that the inclusion of such amounts does not increase the Special Tax - Facilities levy on Undeveloped Property; and (5) provide an amount equal to reasonably anticipated Special Tax - Facilities delinquencies based on the delinquency rat e for the Special Tax - Facilities levied in the previous Fiscal Year as determined by the CFD Administrator, as limited by the Act, and without duplicating any amounts described in clauses (3). The amounts referred to in clauses (1) through (5) of the preceding sentence may be reduced in any Fiscal Year (in the City’s sole discretion) by (i) interest earnings on or surplus balances in funds and accounts for Bonds to the extent that such earnings or balances are available to apply against Debt Service pursu ant to the Indenture, (ii) proceeds from the collection of penalties associated with delinquent Special Tax - Facilities, and (iii) any other revenues available to pay Debt Service on the Outstanding Bonds or other indebtedness as determined by the CFD Administrator.
"Special Tax Requirement - Services" means that amount required in any Fiscal Year for CFD No. 9 to (1) pay for Authorized Maintenance Services; (2) pay Administrative Expenses; (3) provide an amount equal to reasonably anticipated Special Tax - Services delinquencies based on the delinquency rate for the Special Tax - Services levied in the previous Fiscal Year as determined by the CFD Administrator, as limited by the Act; and (4) provide any amount required to establish or replenish any Services Operating Reserve, to the extent that the inclusion of such amounts does not increase the Special Tax – Services levy on Undeveloped Property. The amounts referred to in clauses (1) through (4) of the preceding sentence may be reduced in any Fiscal Year (in the City’s sole discretion) by (i) proceeds from the collection of penalties associated with delinquent Special Tax – Services, (ii) any other revenues available to pay for Authorized Maintenance Services as determined by the CFD Administrator. "Special Tax Requirement – State Park Maintenance Services" means that amount required in any Fiscal Year for CFD No. 9 to (1) pay for Authorized Maintenance Services; (2) pay Administrative Expenses; ( 3) 183
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provide an amount equal to reasonably anticipated Special Tax – State Park Maintenance Services delinquencies based on the delinquency rate for the Special Tax – State Park Maintenance Services levied in the previous Fiscal Year as determined by the CFD Administrator, as limited by the Act; and (4) provide any amount required to establish or replenish any State Park Maintenance Services Operating Reserve, to the extent that the inclusion of such amounts does not increase the Special Tax – State Park Maintenance Services levy on Undeveloped Property . The amounts referred to in clauses (1) through ( 4) of the preceding sentence may be reduced in any Fiscal Year (in the City’s sole discretion) by (i) proceeds from the collection of penalties associated with delinquent Special Tax – State Park Maintenance Services, (ii) any other revenues available to pay for Authorized Maintenance Services as determined by the CFD Administrator.
"State" means the State of California.
“State Park Maintenance Services Operating Reserve” means one or more accounts (whether funded by Special Taxes – State Park Maintenance Services or from funds outside of CFD No. 9) held by the City that serve as a reserve for Authorized Maintenance Services; provided, however, that the State Park Maintenance Services Operating Reserve may not exceed the State Park Maintenance Services Operating Reserve Requirement.
“State Park Maintenance Services Operating Reserve Requirement” means, in the aggregate for a Fiscal Year, an amount not in excess of the Maximum Special Tax – State Park Maintenance Services that may be levied on Taxable Property in such Fiscal Year.
“Tax Escalation Factor” means a factor equal to the April annualized CPI for Los Angeles/Long Beach/Anaheim for all urban consumers that will be applied annually after 2024/25 and each Fiscal Year thereafter to increase the Maximum Special Tax – Services, Maximum Spe cial Tax – State Park Maintenance Services and Maximum Special Tax - Environmental over the previous year as shown in Section C. In the event that the percentage change in the annualized CPI is negative, the Maximum Special Tax Rate – Services, Maximum Special Tax – State Park Maintenance Services and Maximum Special Tax – Environmental shall not be decreased, and the Tax Escalation Factor shall be 0.00%. “Tax-Exempt Property” means all Assessor’s Parcels within the boundaries of CFD No. 9 which are exempt from the Special Tax pursuant to the Act or Section E below. “Taxable Contingent Property” means, collectively, Taxable Property Owner Association Property and Taxable Public Property.
"Taxable Property" means all Assessor’s Parcels within the boundaries of CFD No. 9 which are not exempt from the Special Taxes pursuant to the Act or Section E below. “Taxable Property Owner Association Property” means all Assessor’s Parcels of Property Owner Association Property that are not exempt from the Special Taxes pursuant to Section E below. “Taxable Public Property” means all Assessor’s Parcels of Public Property that are not exempt from the Special Taxes pursuant to Section E below.
“Taxable Welfare Exempt Property” means all Assessor’s Parcels of Welfare Exempt Property that are not exempt pursuant to Section E below.
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"Trustee" means the trustee or fiscal agent under the Indenture. “Undeveloped Property” means all Assessor’s Parcels of Taxable Property that is not Developed Property. “Unit” means an individual residential living space. The number of Units assigned to each Assessor’s Parcel may be determined by (i) referencing Assessor’s Data, (ii) site surveys and physical unit counts, and/or (iii) other research by the CFD Administrator. An Accessory Dwelling Unit shall be considered a Unit for the purposes of the Special Taxes.
“Welfare Exempt Property ” means (A) for the Special Tax – Facilities, all Assessor’s Parcels within the boundaries of CFD No. 9 that, prior to the issuance of the first series of Bonds, have been granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code. Once the first series of Bonds have been issued for CFD No. 9, property may no longer be categorized as Welfare Exempt Property for the Special Tax – Facilities under this Rate and Method of Apportionment regardless of whether the Assessor’s Parcel has been granted a welfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code ; (B) for the Special Tax – Services and Special Tax – State Park Maintenance Services, all Assessor’s Parcels within the boundaries of CFD No. 9 that have been granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code , irrespective of whether Bonds have been issued; and (C) for the Special Tax – Environmental, because the Disbursement Agreement has already been executed and the Disbursement Agreement constitutes “debt” as defined by Section 53317 of the Act, all Assessor’s Parcels within the boundaries of CFD No. 9 subject to the Special Tax – Environmental shall not be eligible to be categorized as Welfare Exempt Property for the Special Tax – Environmental under this Rate and Method of Apportionment , and, therefore, all Assessor’s Parcels within the boundaries of CFD No. 9 subject to the Special Tax – Environmental shall be levied the Special Tax – Environmental regardless of whether an Assessor’s Parcel has been granted a welfare exemption under subdivision (g) of Se ction 214 of the Revenue and Taxation Code.
“Zone” means the assignment of Assessor’s Parcels to a zone as shown on the Boundary Map of CFD No.

9. “Zone A” means Assessor’s Parcels located in Zone A as shown on the Boundary Map of CFD No. 9. “Zone B” means Assessor’s Parcels located in Zone B as shown on the Boundary Map of CFD No. 9.

B. ASSIGNMENT TO LAND USE CATEGORIES
Each Fiscal Year, the CFD Administrator shall determine the valid Assessor’s Parcel Numbers for all Taxable Property within CFD No. 9. If any Assessor’s Parcel Numbers are no longer valid from the previous Fiscal Year, the CFD Administrator shall determine the new Assessor’s Parcel Number(s) that are in effect for the current Fiscal Year. To the extent Assessor’s Parcels of Taxable Property are subdivided, consolidated, or otherwise reconfigured, the Special Tax rates shall be assigned to the new Assessor’s Parcel(s) pursuant to Section C.

Each Fiscal Year, all Assessor’s Parcels within CFD No. 9 shall be classified as follows:

1. Each Assessor’s Parcel shall be determined to be Taxable Property or Tax-Exempt Property. 185
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2. Each Assessor’s Parcel of Taxable Property shall be further classified as Developed Property , Undeveloped Property or Taxable Contingent Property. Taxable Property shall be subject to Special Taxes in accordance with the Rate and Method of Apportionment determined pursuant to Sections C and D below.

3. Each Assessor’s Parcel of Developed Property shall be further classified as Single Family Residential Property. For Single Family Residential Property, the Building Square Footage for each Assessor’s Parcel shall be determined.

C. MAXIMUM SPECIAL TAX RATES
Notwithstanding the below, under no circumstances will the Special Taxes levied in any Fiscal Year against any Assessor’s Parcel for which an occupancy permit for private residential use has been issued be increased by more than ten percent above the amount that would have been levied in that Fiscal Year had there never been any such delinquency or default by the owner(s) of any other Assessor’s Parcel within CFD No. 9.

MAXIMUM SPECIAL TAX – FACILITIES

1. Developed Property
The Maximum Special Tax - Facilities for each Assessor’s Parcel of Developed Property shall be the greater of (i) the amount derived by application of the Assigned Special Tax - Facilities or (ii) the amount derived by application of the Backup Special Tax - Facilities.

Assigned Special Tax - Facilities
The Assigned Special Tax - Facilities for each Assessor’s Parcel of Developed Property is shown in Table

1. TABLE 1

ASSIGNED SPECIAL TAX - FACILITIES FOR DEVELOPED PROPERTY FISCAL YEAR 2024/25
Building Square Footage
Assigned Special Tax
- Facilities Rate Per Zone
Less than 2,100 sq. ft. $4,932 Assessor’s Parcel A & B
2,100 - 2,249 sq. ft. 5,232 Assessor’s Parcel A & B
2,250 - 2,399 sq. ft. 6,020 Assessor’s Parcel A & B
2,400 - 2,549 sq. ft. 6,201 Assessor’s Parcel A & B
2,550 - 2,699 sq. ft. 6,504 Assessor’s Parcel A & B
2,700 - 2,849 sq. ft. 6,807 Assessor’s Parcel A & B
2,850 - 2,999 sq. ft. 7,157 Assessor’s Parcel A & B
3,000 – 3,149 sq. ft. 7,507 Assessor’s Parcel A & B
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3,150 - 3,299 sq. ft. 8,435 Assessor’s Parcel A & B
3,300 - 3,449 sq. ft. 9,363 Assessor’s Parcel A & B
3,450 - 3,549 sq. ft. 10,448 Assessor’s Parcel A & B
3,550 - 3,649 sq. ft. 11,533 Assessor’s Parcel A & B
3,650 - 3,799 sq. ft. 11,578 Assessor’s Parcel A & B
3,800 - 3,949 sq. ft. 11,624 Assessor’s Parcel A & B
3,950 – 4,099 sq. ft. 11,715 Assessor’s Parcel A & B
4,100 - 4,250 sq. ft. 11,760 Assessor’s Parcel A & B
Greater than 4,250 sq. ft. 11,805 Assessor’s Parcel A & B For purposes of clarification, where an Accessory Dwelling Unit and primary Unit are on the same Assessor’s Parcel, the Accessory Dwelling Unit located on such Assessor’s Parcel is considered a separate Unit from the primary Unit on such Assessor’s Parcel, and the Building Square Footage for the Assessor’s Parcel shall include the square footage of both the primary Unit and the Accessory Dwelling Unit.

Should an Assessor’s Parcel contain only an Accessory Dwelling Unit, the Building Square Footage of that Accessory Dwelling Unit shall be used to determine the Assigned Special Tax – Facilities rate in Table 1 for that Assessor’s Parcel.

Increase in the Assigned Special Tax - Facilities
On each July 1, commencing on July 1, 202 5, the Assigned Special Tax - Facilities for Developed Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

Backup Special Tax - Facilities
The Backup Special Tax - Facilities for each Assessor’s Parcel of Developed Property shall be $ 4,768 per Unit for Zone A and $13,562 per Unit for Zone B.

The Backup Special Tax - Facilities for an Assessor’s Parcel shall not change once an Assessor’s Parcel is classified as Developed Property, except for the increase detailed below.

Increase in the Backup Special Tax - Facilities
On each July 1, commencing on July 1, 202 5, the Backup Special Tax - Facilities for Developed Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

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2. Undeveloped Property and Taxable Contingent Property Maximum Special Tax – Facilities
The Maximum Special Tax - Facilities for each Assessor’s Parcel of Undeveloped Property and Taxable Contingent Property shall be $37,021 per Acre for Zone A and $181,791 per Acre for Zone B.

Increase in the Maximum Special Tax – Facilities
On each July 1, commencing on July 1, 20 25, the Maximum Special Tax - Facilities for Undeveloped Property and Taxable Contingent Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

MAXIMUM SPECIAL TAX – SERVICES

1. Developed Property, Taxable Contingent Property and Undeveloped Property The Maximum Special Tax – Services for each Assessor’s Parcel of Developed Property, Taxable Contingent Property and Undeveloped Property is shown in Table 2.

TABLE 2

MAXIMUM SPECIAL TAX - SERVICES
FISCAL YEAR 2024/25
Land Use
Maximum Special
Tax - Services Rate Per Zone
Developed Property– Single Family Residential
Property $2,347.00 Unit A & B
Undeveloped Property/Taxable Contingent
Property $21,113.00 Acre A & B
Increase in the Maximum Special Tax - Services
On each July 1, commencing on July 1, 20 25, the Maximum Special Tax – Services for Developed Property, Taxable Contingent Property and Undeveloped Property shall be increased by an amount equal to the greater of two percent (2%) o r the Tax Escalation Factor, provided that the annual escalation shall not under any circumstances exceed 5%.

MAXIMUM SPECIAL TAX – STATE PARK MAINTENANCE SERVICES

1. Developed Property, Taxable Contingent Property and Undeveloped Property The Maximum Special Tax – State Park Maintenance Services for each Assessor’s Parcel of Developed Property, Taxable Contingent Property and Undeveloped Property is shown in Table 2.

TABLE 2
MAXIMUM SPECIAL TAX – STATE PARK MAINTENANCE SERVICES
FISCAL YEAR 2024/25
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Land Use
Maximum Special Tax – State
Park Maintenance Services Rate Per Zone
Developed Property– Single Family
Residential Property $274.00 Unit A & B
Undeveloped Property/Taxable
Contingent Property $2,465.00 Acre A & B
Increase in the Maximum Special Tax – State Park Maintenance Services On each July 1, commencing on July 1, 20 25, the Maximum Special Tax – State Park Mainte nance Services for Developed Property, Taxable Contingent Property and Undeveloped Property shall be increased by an amount equal to the greater of two percent (2%) o r the Tax Escalation Factor, provided that the annual escalation shall not under any circumstances exceed 5%.

MAXIMUM SPECIAL TAX – ENVIRONMENTAL

1. Developed Property
The Maximum Special Tax - Environmental for each Assessor’s Parcel of Developed shall be the greater of (i) the amount derived by application of the Assigned Special Tax - Environmental or (ii) the amount derived by application of the Backup Special Tax - Environmental.

Assigned Special Tax - Environmental
The Assigned Special Tax - Environmental for each Assessor’s Parcel of Developed Property is shown in Table 3.

TABLE 3

ASSIGNED SPECIAL TAX - ENVIRONMENTAL FOR DEVELOPED PROPERTY FISCAL YEAR 2024/25
Land Use
Assigned Special Tax -
Environmental Rate Per Zone
Developed Property – Single Family
Residential Property $1,750.00 Unit A & B

Increase in the Assigned Special Tax - Environmental
On each July 1, commencing on July 1, 2025, the Assigned Special Tax - Environmental for Developed Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

Backup Special Tax - Environmental
The Backup Special Tax - Environmental for each Assessor’s Parcel of Developed Property shall $1,750.00 per Unit for Zone A and Zone B.

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Increase in the Backup Special Tax - Environmental
On each July 1, commencing on July 1, 202 5, the Backup Special Tax - Environmental for Developed Property and Taxable Contingent Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

2. Undeveloped Property and Taxable Contingent Property Maximum Special Tax – Environmental

The Maximum Special Tax - Environmental for each Assessor’s Parcel of Undeveloped Property and Taxable Contingent Property shall be $15,742.00 per Acre for Zone A and Zone B.

Increase in the Maximum Special Tax – Environmental

On each July 1, commencing on July 1, 2025, the Maximum Special Tax - Environmental for Undeveloped Property shall be increased by an amount equal to two percent (2%) of the amount in effect for the previous Fiscal Year.

D. METHOD OF APPORTIONMENT OF THE SPECIAL TAXES
Commencing with Fiscal Year 2024/25 and for each following Fiscal Year, the CFD Administrator shall determine the Special Tax Requirements, and shall levy each Special Tax until the amount of a Special Tax equals the applicable Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows:

Special Tax - Facilities
First: The Special Tax - Facilities shall be levied Proportionately on each Assessor's Parcel of Developed Property at a rate up to 100% of the applicable Assigned Special Tax - Facilities for Developed Property to satisfy the Special Tax Requirement - Facilities.

Second: If additional monies are needed to satisfy the Special Tax Requirement – Facilities, the Special Tax - Facilities shall be levied Proportionately on each Assessor's Parcel of Developed Property whose Maximum Special Tax – Facilities is derived by the application of the Backup Special Tax – Facilities and shall be increased Proportionately from the Assigned Special Tax – Facilities up to the Maximum Special Tax – Facilities for each such Assessor’s Parcel.

Third: If additional monies are needed to satisfy the Special Tax Requirement - Facilities, the Special Tax - Facilities shall be levied Proportionately on each Assessor’s Parcels of Undeveloped Property at a rate up to 100% of the Maximum Special Tax – Facilities for Undeveloped Property.

Fourth: If additional monies are needed to satisfy the Special Tax Requirement - Facilities, the Special Tax - Facilities shall be levied Proportionately on each Assessor’s Parcel of Taxable Contingent Property at a rate up to 100% of the Maximum Special Tax – Facilities for Taxable Contingent Property.

Special Tax - Services
First: The Special Tax - Services shall be levied Proportionately on each Assessor's Parcel of Developed Property at a rate up to 100% of the applicable Maximum Special Tax - Services for Developed Property 190
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to satisfy the Special Tax Requirement - Services.

Second: If additional monies are needed to satisfy the Special Tax Requirement – Services, the Special Tax - Services shall be levied Proportionately on each Assessor's Parcel of Undeveloped Property at a rate up to 100% of the applicable Maximum Special Tax - Services for Undeveloped Property to satisfy the Special Tax Requirement - Services.

Third: If additional monies are needed to satisfy the Special Tax Requirement – Services, the Special Tax – Services shall be levied Proportionately on all Taxable Contingent Property at a rate up to 100% of the Maximum Special Tax – Services for Taxable Contingent Property.

Special Tax – State Park Maintenance Services
First: The Special Tax – State Park Maintenance Services shall be levied Proportionately on each Assessor's Parcel of Developed Property at a rate up to 100% of the applicable Maximum Special Tax - State Park Maintenance Services for Developed Property to satisfy the Special Tax Requirement - State Park Maintenance Services.

Second: If additional monies are needed to satisfy the Special Tax Requirement – State Park Maintenance Services, the Special Tax - State Park Mainte nance Services shall be levied Proportionately on each Assessor's Parcel of Undeveloped Property at a rate up to 100% of the applicable Maximum Special Tax - State Park Maintenance Services for Undeveloped Property to satisfy the Special Tax Requirement - State Park Maintenance Services.

Third: If additional monies are needed to satisfy the Special Tax Requirement – State Park Maintenance Services, the Special Tax – State Park Maintenance Services shall be levied Proportionately on all Taxable Contingent Property at a rate up to 100% of the Maximum Special Tax – State Park Maintenance Services for Taxable Contingent Property.

Special Tax Requirement - Environmental
First: The Special Tax shall be levied Proportionately on each Assessor's Parcel of Developed Property at a rate up to 100% of the applicable Assigned Special Tax - Environmental for Developed Property to satisfy the Special Tax Requirement - Environmental.

Second: If additional monies are needed to satisfy the Special Tax Requirement – Environmental, the Special Tax - Environmental shall be levied Proportionately on each Assessor's Parcel of Developed Property whose Maximum Special Tax – Environmental is derived by the application of the Backup Special Tax – Environmental and shall be increased Proportionately from the Assigned Special Tax – Environmental up to the Maximum Special Tax – Environmental for each such Assessor’s Parcel.

Third: If additional monies are needed to satisfy the Special Tax Requirement - Environmental, the Special Tax - Environmental shall be levied Proportionately on each Assessor’s Parcels of Undeveloped Property at a rate up to 100% of the Maximum Special Tax – Environmental for Undeveloped Property.

Fourth: If additional monies are needed to satisfy the Special Tax Requirement - Environmental, the Special Tax - Environmental shall be levied Proportionately on each Assessor’s Parcel of Taxable Contingent Property at a rate up to 100% of the Maximum Special Tax – Environmental for Taxable 191
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Contingent Property.

E. EXEMPTIONS

1. No Special Tax es shall be levied on up to 50.46 Acres of Property Owner Association Property and Public Property for Zone A and up to 7.34 Acres of Property Owner Association Property and Public Property for Zone B. Tax-exempt status will be assigned by the CFD Administrator in the chronological order in which property becomes Property Owner Association Property, or Public Property.

2. Any property that is granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code prior to the first series of CFD No. 9 Bonds shall thereafter be exempt from the Special Tax - Facilities. Any property that is granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code after the first series of CFD No. 9 Bonds have been issued shall not be considered Welfare Exempt Property for the Special Taxes - Facilities and shall not be exempt from Special Tax - Facilities.

3. Any property that is granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code shall thereafter be exempt from the Special Tax – Services and Special Tax – State Park Maintenance Services, irrespective of whether Bonds have been issued.

4. Any property that is granted a welfare exemption pursuant to Section 53340(c) under the Act under subdivision (g) of Section 214 of the Revenue and Taxation Code shall not be exempt from the Special Tax - Environmental.

5. Property Owner Association Property, that is not exempt from the Special Taxes under this section, or pursuant to the Act, shall be classified a s Taxable Property Owner Association Property. Taxable Property Owner Association Property shall be subject to the levy of the Special Taxes and shall be taxed Proportionately as described in Section D above, at up to 100% of the applicable Maximum Special Taxes for Taxable Contingent Property as shown in Section C above.

6. Public Property, that is not exempt from the Special Taxes under this section, or pursuant to the Act, shall be classified a s Taxable Public Property. Taxable Public Property shall be subject to the levy of the Special Taxes and shall be taxed Proportionately as described in Section D above, at up to 100% of the applicable Maximum Special Tax es for Taxable Contingent Property as shown in Section C above.

7. Prior to 60 days before the issuance of the first series of CFD No. 9 Bonds, the CFD Administrator may increase or decrease the exempt Acres described in paragraph 1 to better reflect the actual tax - exempt acreage within CFD No. 9. However, notwithstanding the above, the final number of taxable Acres in CFD No. 9 shall not be decreased if it causes an increase in the Special Tax – Facilities or Special Tax - Environmental levied on any existing Assessor’s Parcel of Developed Property.

F. APPEALS
Any property owner may file a written appeal of the Special Taxes with the CFD Administrator claiming that the amount or application of the Special Taxes is not correct. The appeal must be filed not later than 192
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one calendar year after having paid the Special Taxes that are disputed, and the appellant must be current in all payments of Special Taxes. In addition, during the term of the appeal process, all Special Taxes levied must be paid on or before the payment date established when the levy was made.

The appeal must specify the reasons why the appellant claims the Special Taxes are in error. The CFD Administrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of its determination.

If the property owner disagrees with the CFD Administrator’s decision relative to the appeal, the owner may then file a written appeal with the City Council whose subsequent decision shall be final and binding on all interested parties. If the decision of the CFD Administrator or subsequent decision by the City Council requires the Special Taxes to be modified or changed in favor of the property owner, the CFD Administrator shall determine if sufficient Special Tax revenue is available to make a cash refund. If a cash refund cannot be made, then an adjustment shall be made to credit future Special Taxes.

This procedure shall be exclusive and its exhaustion by any property owner shall be a condition precedent to filing any legal action by such owner.

G. INTERPRETATIONS
The City Council may, by resolution or ordinance, interpret, clarify and/or revise this Rate and Method of Apportionment to correct any inconsistency, vagueness, or ambiguity as it relates to the Special Taxes, method of apportionment, classification of Assessor’s Parcels, or any definition used herein, as long as such correction does not materially affect the levy and collection of Special Taxes. In addition, the interpretation and application of any section of this document shall be at the City’s discretion.

H. MANNER OF COLLECTION
The Special Taxes shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the CFD Administrator may, at the sole discretion of the City, directly bill the Special Tax, may collect the Special Tax at a different time or in a different manner as necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on Assessor's Parcels of Taxable Property that are delinquent in the payment of the Special Tax.

I. PREPAYMENT OF SPECIAL TAX - FACILITIES
The following definition applies to this Section I:
"Future Facilities Amount" means, $40,000,000, all Authorized Facilities financed or anticipated by the City to be financed by CFD No. 9, minus (i) the proceeds of any previously issued Bonds which were, at the time of issuance, available to the City for Authorized Facilities, (ii) the cost of Authorized Facilities or portions thereof previously paid for by Pay -As-You-Go Revenue, and (ii) cost of Authorized Facilities or portions thereof to be paid for by Pay -As-You-Go Revenue previously received and not y et spent. The Future Facilities Amount shall not be less than $0.

"Maximum Special Tax Percentage to be Prepaid" means the percentage of the Maximum Special Tax - Facilities prepaid as determined by the CFD Administrator after application of the prepayment calculation set forth below.

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"Previously Issued Bonds" means all Bonds that have been issued by CFD No. 9 prior to the date of prepayment.

1. Prepayment in Full
The Special Tax - Facilities obligation of an Assessor's Parcel of Developed Property, Taxable Contingent Property, or Undeveloped Property may be prepaid and permanently satisfied as described herein; provided that there are no delinquent installments of the Special Tax - Facilities with respect to such Assessor's Parcel at the time of prepayment. An owner of an Assessor's Parcel intending to prepay the Special Tax - Facilities obligation shall provide the CFD Administrator with written notice of intent to prepay. Within 45 days of r eceipt of such written notice, the CFD Administrator shall notify such owner of the prepayment amount of such Assessor's Parcel.

Prepayment must be made not less than 75 days prior to the next occurring date that notice of redemption of Bonds from the proceeds of such prepayment may be given to the Trustee pursuant to the Indenture. The CFD Administrator may charge a fee for providing this service.

The Prepayment Amount (defined below) shall be calculated as summarized below (capitalized terms as defined below):

Bond Redemption Amount
plus Redemption Premium
plus Defeasance Amount
plus Administrative Fees and Expenses
less Reserve Fund Credit
less Capitalized Interest Credit
Total: equals Special Tax Prepayment Amount
As of the proposed date of prepayment, the Prepayment Amount (defined below) shall be calculated as follows:

Step Number:

1. Confirm that no Special Tax - Facilities delinquencies apply to such Assessor’s Parcel.

2. For Assessor’s Parcels of Developed Property and Taxable Contingent Property compute the Assigned Special Tax - Facilities and Backup Special Tax - Facilities. For Assessor’s Parcels of Undeveloped Property to be prepaid, compute the Assigned Special Tax - Facilities and Backup Special Tax – Facilities for that Assessor’s Parcel as though it was already designated as Developed Property, based upon the number of expected Units to be developed on that Assessor’s Parcel.

3. Divide the Assigned Special Tax - Facilities computed pursuant to Step 2 by the total estimated Assigned Special Tax - Facilities for CFD No. 9 based on the Developed Property Special Tax - Facilities which could be charged in the current Fiscal Year on all expected buildout of CFD No. 9, excluding any Assessor’s Parcels which have prepaid the Special Tax – Facilities obligation in full pursuant to Section I.1.
b. Divide the Backup Special Tax - Facilities computed pursuant to Step 2 by the total estimated 194
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Backup Special Tax – Facilities for CFD No. 9 based on the Developed Property Special Tax – Facilities which could be charged in the current Fiscal Year on all expected buildout of CFD No. 9, excluding any Assessor’s Parcels which have prepaid the Special Tax – Facilities obligation in full pursuant to Section I.1.

4. Multiply the larger quotient computed pursuant to Step 3.a or 3.b by the Outstanding Bonds to compute the amount of Outstanding Bonds to be retired and prepaid (the “Bond Redemption Amount”).

5. Compute the current Future Facilities Costs.

6. Multiply the larger quotient computed pursuant to Step 3.a or 3.b by the total Future Facilities Costs to compute the amount of the Future Facilities Amount to be prepaid (the “Future Facilities Amount”).

7. Multiply the Bond Redemption Amount computed pursuant to Step 4 by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “ Redemption Premium”).

8. Compute the amount needed to pay interest on the Bond Redemption Amount on the earliest redemption date for the Outstanding Bonds.

9. Compute the amount the Administrator reasonably expects to derive from the reinvestment of the Prepayment Amount less the Future Facilities Amount and the Administrative Fees and Expenses from the date of prepayment until the redemption date for the Outstanding Bonds to be redeemed with the prepayment.

10. Subtract the amount computed pursuant to Step 9 from the amount computed pursuant to Step 8 (the “Defeasance Amount”).

11. Verify the administrative fees and expenses, including the costs of computation of the prepayment, the costs to invest the prepayment proceeds, the costs of redeeming the Outstanding Bonds, and the costs of recording any notices to evidence the prepayment and the redemption (the “Administrative Fees and Expenses”).

12. A reserve fund credit (the “Reserve Fund Credit”) shall equal the lesser of: (a) the expected reduction in the reserve requirement (as defined in the Indenture), if any, associated with the redemption of Outstanding Bonds as a result of the prepayment, or (b) the amount derived by subtracting the new reserve requirement (as defined in the Indenture) in effect after the redemption of Outstanding Bonds as a result of the prepayment from the balance in the reserve fund on the prepayment date, but in no event shall such amount be less than zero.

13. If any capitalized interest for the Outstanding Bonds will not have been expended at the time of the first interest and/or principal payment following the current Fiscal Year, a capitalized interest credit shall be calculated by multiplying the larger quotient computed pursuant to Steps 3.a or 3.b by the expected balance in the capitalized interest fund after such first interest and/or principal payment (the “Capitalized Interest Credit”).

14. The Special Tax - Facilities prepayment is equal to the sum of the amounts computed pursuant to 195
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Steps 4, 6, 7, 10 and 11, less the amount computed pursuant to Steps 12 and 13 (the “Prepayment Amount”).

15. From the Prepayment Amount, the amounts computed pursuant to Steps 4, 7, 10, 12, and 13 shall be deposited into the appropriate fund as establi shed under t he Indenture and be used to retire Outstanding Bonds and make debt service payments. The amount computed pursuant to Step 6 shall be deposited into the Construction Fund. The amount computed pursuant to Step 11 shall be retained by the City for the payment of Administrative Fees and Expenses.

The Prepayment Amount may be sufficient to redeem other than a $5,000 increment of Bonds. In such cases, the increment amount that is not $5,000 or integral multiple thereof will be retained in the appropriate fund established under the Indenture to be used with the next prepayment of bonds or to make debt service payments.

Any current-year Special Tax – Facilities that has been placed on the County tax roll will remain on the tax roll.

Notwithstanding the foregoing, no Special Tax - Facilities prepayment shall be allowed unless the amount of the Maximum Special Tax - Facilities that may be levied on Taxable Property both prior to and after the proposed prepayment is at least 1.1 times the maximum annual debt service on all Outstanding Bonds.

2. Prepayment in Part
The Special Tax – Facilities may be partially prepaid, provided that a partial prepayment may be made after all authorized CFD No. 9 Bonds have been issued and only for Assessor’s Parcels of Developed Property, or Taxable Contingent Property, and only if there are no delinquent Annual Special Taxes with respect to such Assessor's Parcel at the time of partial prepayment. The amount of the prepayment shall be calculated as in Section I.1; except that a partial prepayment shall be calculated by the CFD Administrator according to the following formula:

PP = PE x F.

These terms have the following meaning:

PP = the partial prepayment
PE = the Special Tax - Facilities Prepayment Amount calculated according to Section I.1 F = the percentage by which the owner of the Assessor’s Parcel(s) is partially prepaying the Special Tax - Facilities.

The Special Tax - Facilities partial prepayment amount must be sufficient to redeem at least a $5,000 increment of Bonds.

The owner of any Assessor’s Parcel who desires such partial prepayment shall notify the CFD Administrator of such owner’s intent to partially prepay the Special Tax - Facilities and the percentage by which the Special Tax - Facilities shall be prepaid . The CFD Administrator shall provide the owner with a statement of the amount required for the partial prepayment of the Special Tax - Facilities for an Assessor’s Parcel within thirty (30) days of the request and may charge a fee for providing this service. With respect to any Assessor’s Parcel that is partially prepaid, the CFD Administrator shall (i) distribute the prepayment funds remitted according to 196
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Section I.1, and (ii) indicate in the records of CFD No. 9 that there has been a partial prepayment of the Special Tax - Facilities and that a portion of the Special Tax - Facilities with respect to such Assessor’s Parcel, equal to the outstanding percentage (1.00 - F) of the remaining Maximum Special Tax - Facilities, shall continue to be levied on such Assessor’s Parcel pursuant to Section D.

J. TERM
The Special Tax - Facilities shall be levied commencing in Fiscal Year 202 4/25 to the extent needed to satisfy the Special Tax Requirement – Facilities and shall not be levied after Fiscal Year 2068/69, however any Special Tax - Facilities that was lawfully levied for Authorized Facilities in or before Fiscal Year 2068/69 and that remains delinquent may be collected in subsequent years.

The Special Tax – Services shall be levied commencing in Fiscal Year 202 4/25 to the extent necessary to satisfy the Special Tax Requirement – Services and shall be levied for as long as required to satisfy the Special Tax Requirement – Services.

The Special Tax – State Park Maintenance Services shall be levied commencing in Fiscal Year 202 4/25 to the extent necessary to satisfy the Special Tax Requirement – State Park Maintenance Services and shall be levied for as long as required to satisfy the Special Tax Requirement – State Park Maintenance Services.

The Special Tax – Environmental shall be levied commencing in Fiscal Year 2024/25 to the extent necessary to satisfy the Special Tax Requirement – Environmental and shall be levied for as long as the obligations associated with the Authorized Environmental Services are outstanding.

197
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
198
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
199
Modification of the City of Oxnard Community
Facilities District No. 9 (Northshore at
Mandalay Bay) and Approval of the Deposit
and Reimbursement Agreement and the
Special Tax Disbursement Agreement A-8588
Finance and Governance Committee
May 13, 2025
City Council
June 3, 2025
Public Hearing and Election
June 26, 2025
Anthony Miller
Special Districts Manager
200
That the Finance and Governance Committee recommend that the City Council, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), adopt the following resolutions:

RECOMMENDATION 2
201
That the City Council, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), adopt the following resolutions:

RECOMMENDATION 3
202
MAP OF SPECIAL DISTRICTS IN THE CITY OF OXNARD 4
More information can be
found at:
www.oxnard.gov/public-
works/special-districts
203
• Community Facilities Districts (“CFDs”) are established pursuant to the provisions of the California Government Code Section 53311 et seq.
• CFDs raise money through special taxes that must be
approved by 2/3 of the voters within a CFD. The City Council is the legislative body of any CFD that is formed by the City. • Most often, CFDs are formed by the landowner prior to subdivision development.
• A CFD can be formed to finance and maintain a wide list of improvements, which may include roads, water facilities, sewers, environmental remediation and schools.

BACKGROUND 5
204
• The taxes are secured by a continuing lien and are levied against properties within the CFD on an annual basis.
• Revenue is used to pay debt service on bonds, to finance facilities on a pay-as-you-go basis, to pay for services, or a combination thereof.
• The City established Community Facilities District No. 6 (Northshore at Mandalay Bay) (“CFD 6”) in 2006 for the prior proposed development located in the City, at the northeastern corner of the intersection of West Fifth Street and Harbor Boulevard.

BACKGROUND 6
205
• In 2021, the then owner requested a new CFD and dissolution of CFD 6. Following proceedings, CFD No. 9 (Northshore at Mandalay Bay) (“CFD 9”) was formed and CFD 6 was
dissolved.
• CFD 9 included (a) a facilities special tax for the life of any bond issues, (b) a services special tax in perpetuity and (c) an environmental special tax for remediation, operation, and maintenance activities as required and approved, for the duration needed, by the Department of Toxic Substances
Control (“DTSC”). CFD 9 has a not to exceed bond
authorization of $22,500,000.

BACKGROUND 7
206
• The current owner and developer, Fifth Harbor Owner, LLC (the “Landowner”), has requested modifications to CFD 9 to increase the facilities special tax, (no changes are
recommended for the environmental special tax), add a new special Tax for State Parks, and to increase the bond
authorization from $22,500,000 to $40,000,000. Staff has requested the general services special tax be increased as well to better reflect the cost of services, which the developer has agreed to.
• These changes still maintain the integrity of the 1.8% average effective tax rate.
• The current development plan is for 292 single family residences.

BACKGROUND 8
207
• CFD 9 was formed for the purpose of funding the following:
a) public infrastructure facilities and other governmental facilities, including fees related thereto, with an estimated useful life of five years or longer, including but not limited to all or a portion of sanitary sewer, water, street, storm drain, park facilities, public art, or other real or tangible property, and related costs including design, inspection, professional fees, and acquisition costs;
b) services including, but not limited to, landscaping, street lighting, maintenance of sewer, storm drain, irrigation systems, beaches and parks, beach patrol, and weed
abatement; and
DISCUSSION 9
208
c) the remediation of any hazardous substance released or threatened to be released into the environment on the
Property and any associated operation, maintenance
and/or monitoring activities as more particularly described in the Response Plan approved by DTSC on December
17, 2018 (the “Response Plan”), the Operation and
Maintenance Plan approved by DTSC on March 7, 2019
(“O&M Plan”), and any additional remedial activities or protective measures.

DISCUSSION 10
209
• The Landowner requested that a new special tax to be known as the “Special Tax – State Parks” be added and included within CFD 9 to fund a fee for State Park services for Resource Protection Measures at Mandalay State Beach.
• Special Tax - State Parks services are required under Condition No. 92 of the original conditions of development imposed upon the developer.
• The Landowner has also requested that the facilities special tax be increased, and staff recommends and Landowner
agrees that the general services special tax be increased.

DISCUSSION 11
210
• The cost estimates of facilities, services, and State Park services have been reviewed and updated. All parties have reviewed the parameters of the modified special tax formula or the Amended and Restated Rate and Method of Apportionment (the “Amended RMA”), which includes the assigned and
maximum amended special tax for the Facilities, the amended special tax for the General Services, a new special tax for State Parks, and the existing special tax for Remediation Services. • The Special Taxes will be levied each year according to the Amended RMA and placed on the County property tax rolls.

DISCUSSION 12
211
• The first Resolution approves the form of a deposit and reimbursement agreement with the Landowner.
• The Landowner has made a deposit of $27,000 to the City toward the costs of modifying CFD 9, including the costs of consultant time.
• The costs of modifying the CFD 9 are the responsibility of the Landowner. If bonds are issued, the Landowner will be
reimbursed from the proceeds of the bonds.

DISCUSSION 13
212
• The Special Tax – Facilities levy is used to pay debt service on bonds or for facilities on a pay-as-you-go basis, or a combination thereof.
• Upon completion of the modification and election process for the CFD and once development has progressed sufficiently as determined by the City, CFD 9 will issue one or more series of Special Tax Bonds (the “Bonds”), to acquire the Facilities built by the Landowner.
• Bonds will also pay or reimburse the Landowner for the payment of certain impact fees related to Facilities as provided in an Amended and Restated Funding and Acquisition
Agreement, and to reimburse the Landowner for formation costs and modification costs of CFD 9
DISCUSSION 14
213
• The bond authorization for the District is proposed to be increased from a not to exceed amount of $22.5 million to a not to exceed amount of $40 million with the intent to issue one or more series of Bonds with a 30-year maturity with escalating debt service of 2% per year.
• The Amended RMA includes an assigned tax and a back-up tax for the Special Tax – Facilities for developed property in case the number of residential units built is less than estimated. Once developed property is taxed, undeveloped and contingent property will be taxed if needed. The
maximum Special Tax – Facilities escalates at an annual rate of 2%.

DISCUSSION 15
214
• Attached to this report is a description of the estimated facilities, the impact fees, and an estimated budget. Facilities, including fees, not financed by the CFD are still required to be provided by the Landowner.
• The Special Tax – Services will be levied annually in perpetuity to finance the General Services. Attached to this report is a description and estimated budget of the general services to be provided. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – Service
escalates at the greater of 2% or a CPI escalation factor, in any case not to exceed 5%.

DISCUSSION 16
215
• The Special Tax – Environmental will be collected by the CFD and turned over to the newly formed nonprofit, the
Northshore Environmental Conservancy (“NEC”), to pay for the annual budget of Remediation Services that is approved by DTSC, all as provided in a Special Tax and Disbursement Agreement among the City (on behalf of itself and the CFD), the Landowner and NEC.
• The Amended RMA includes an assigned tax and a back-up tax for the Special Tax – Environmental for developed
property, in case the number of residential units built is less than estimated. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – Environmental escalates at an annual rate of 2%.

DISCUSSION 17
216
• Upon the issuance of a certificate of completion, or its substantial equivalent by DTSC for all of the Remediation Services, the Special Tax – Environmental will no longer be levied. Estimated costs associated with the Special Tax - Environmental are not changing and are not included in this report.

DISCUSSION 18
217
• The Special Tax – State Parks will be levied annually to finance the State Park fee and services. Attached to this report is a description and estimated budget of the State Park fee and services to be provided. The Special Tax – State Parks will be collected by the CFD and turned over to the State as provided in an agreement to be entered into
between CFD 9, Landowner and the State.
• The Amended RMA includes an assigned tax and a back-up tax for the Special Tax – State Parks for developed property in case the number of residential units built is less than estimated. Once developed property is taxed at the maximum rate, undeveloped and contingent property will be taxed if needed. The maximum Special Tax – State Parks escalates at an annual rate of 2%.

DISCUSSION 19
218
• Process. A petition to modify CFD 9 has been received from the Landowner covering the Property, consisting of
approximately 90 acres. The formal City Council approval process to change CFD 9 takes approximately sixty (60) to seventy-five (75) days.
1) First Step (at City Council meeting on June 3, 2025): City Council, acting as the legislative body of CFD 9, (a) adopts the resolution approving the form of the Deposit and
Reimbursement Agreement and (b) adopts a resolution of
consideration to modify CFD 9 and sets a public hearing on the proposed changes (scheduled for June 26, 2025).

DISCUSSION 20
219
2) Second Step (at City Council meeting on June 26, 2025):

City Council, acting as the legislative body of CFD 9, (a) holds a public hearing on the proposed modifications (b) provided there is no majority protest, adopts a resolution calling for election, (c) conducts a special mailed ballot election, (d) adopts a resolution canvassing the election and (e) adopts a resolution of change and approving the Amended and Restated Funding and Acquisition
Agreement.
• The Landowners have waived election timelines, so an
election may be held on June 26, 2025 to authorize the
increase of the facilities and general services special taxes and increase in authorized bonded indebtedness.

DISCUSSION 21
220
• Should the item pass with a two-thirds vote from the qualified voters (the Landowners), the City may adopt the resolution of change.
• At a later date, the CFD in its sole discretion will determine the final amount of Bonds issued. The proposed maximum
bond authorization is $40,000,000. The “not to exceed” bond amount for the CFD is based on Facilities costs and available Special Tax - Facilities.

DISCUSSION 22
221
• If the action is approved, the modification of CFD 9, special election, and approval of other related documents will occur on June 26, 2025.
• Bonds are not expected to be authorized for issuance or sale until the development is well underway and the Facilities are at or near completion, at which time documents relating to the issuance and sale of the bonds will be brought to the City Council for its approval.

DISCUSSION 23
222
• There is no direct financial impact in approving these resolutions. There is no financial impact to the General Fund.

FINANCIAL IMPACT 24
223

QUESTIONS
25 224

FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.5

DATE: May 13, 2025

TO: Finance & Governance Committee

FROM: Brenda Lopez, Interim Housing Director, (805) 385-8092, [email protected]

SUBJECT: Housing Authority Low Rent Public Housing and Housing Choice Voucher Program Section 8 Budgets for Fiscal Year 2025-2026. (15 minutes)

RECOMMENDATION

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

Please click the following link to view the required Measure M pre-recorded presentation video:
https://youtu.be/oUGJ6kznaZw

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. Any expenses that cannot be tied directly to a public housing project are budgeted separately under the Central Office Cost Center (COCC). The LRPH program is funded primarily by 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 of running each Public Housing development and reduces that by the amount of tenant rental income received by each development.

As previously mentioned, 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. A budget deficit in a public housing project may be offset by a surplus in another project. However; if there is a deficit in the COCC budget, it must 225
be funded by the COCC's Unrestricted Cash & Investments reserves fund.

The HCV budget pertains exclusively to 1,864 Housing Choice Vouchers (not including forty-six Emergency Housing Vouchers and forty Mainstream Vouchers) administered by the OHA. The budget comprises 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

LRPH

The recommended operating budget for the LRPH program is $7,795,322. This amount consists of an estimated COCC income of $1,137,428 and a $6,613,695 combined income total related to the public housing projects.

The COCC related expenses total $1,338,700 (consists of indirect administrative costs) and combined expenses related to the public housing projects total $6,456,622. The operating budget, if adopted as recommended, would result in a deficit of $201,272 for the COCC.

The Housing Authority continues to reduce the COCC budget deficit. For example, the budget deficit in the COCC budget was $365,438 in FY 20-21, and now has been reduced to $201,272 in FY 25-26. Efforts to reduce the COCC budget deficit over time include generating revenue by providing property management services for OHA-owned properties and closely monitoring opportunities to save on indirect costs. In addition, the OHA applied for HUD’s Rental Assistance Demonstration (RAD) program which allows for fungibility with other programs and offers an opportunity to generate income/surplus cash in the long run. If successful, the surplus may be distributable to the COCC.

The operating budget for the combined public housing projects will result in a net income of $157,073. In FY 20-21, the combined public housing projects had a budget deficit of $161,383. Efforts to reduce budget deficits over time have included right sizing families in units based on their household composition, improving operational efficiencies, and decreasing vacancy turn around time frames.

HCV
The recommended operating budget for the HCV program is $35,921,457. Of this amount, $32,191,250 consists of housing assistance payments, which are rental subsidies passed directly through the OHA from HUD to landlords. The total projected administrative fees total $3,580,492 and the expenses total $3,730,207.

The operating budget, if adopted as recommended, would result in a deficit of $149,715.

The HCV program’s operating costs are funded by HUD through administrative fees. However; the administrative fees issued by HUD are not based on actual costs. The OHA (as is the case with other public housing authorities) is not awarded enough funding to cover its operating costs. In 2020, the OHA launched the “rethink and renew” effort to identify, plan and implement strategic goals that will reduce the budget deficit over time. Some of the efforts undertaken include applying for new programs which have separate funding sources, streamlining processes, issuing project-based vouchers, and increasing lease up. These combined efforts have reduced the amount of budget deficits from $377,126 in FY 20-21 to $149,715 in FY 25-26.

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 226
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 for this recommendation.

The OHA has approximately $1,200,000 in the COCC Unrestricted Cash and Investments fund to cover the projected COCC budget deficiency of $201,272 for Fiscal Year 2025-2026. The remaining balance will be $998,728.

The OHA has approximately $2,400,000 in the HCV Program’s Unrestricted Cash and Investments fund to cover the projected HCV budget deficiency of $149,715 for Fiscal Year 2025-2026. The remaining balance will be $2,250,285.

Prepared by: Brenda Lopez, Interim Housing Director

ATTACHMENTS

1. LRPH Budget

2. LRPH Resolution

3. HCV Budget

4. HCV Resolution

5. HUD Form 52574

6. PowerPoint

227
4/24/2025
311 312 313 314 315 317 318 cocc Total
Budget Budget Budget Budget B udget Budget Budget Budget Budget Revenue & Expenses
INCOME

TENANT INCOME
Rental Income
Tenant Rent 0 1,377,570 999,110 1,188,125 215,160 1,199,450 468,250 0 5,447,665 Total Rental Income 0 1,377,570 999,110 1,188,125 215,160 1,199,450 468,250 0 5,447,665 Other Tenant Income
Laundry and Vending 0 0 0 0 2,020 0 6,710 0 8,730
Maintenance Charge 0 4,238 720 1,500 960 2,270 3,330 0 13,018 Late Charges 0 175 25 50 100 150 25 0 525
NSF Charges 0 25 0 25 50 125 0 0 225
Cable Charges 0 15,876 11,113 16,193 7,938 14,764 15,876 0 81,760 Total Other Tenant Income 0 20,314 11,858 17,768 11,068 17,309 25,941 0 104,258 NET TENANT INCOME 0 1,397,884 1,010,968 1,205,893 226,228 1,216,759 494,191 0 5,551,923

GRANT INCOME
HUD PHA Operating Grants/Subsidy 0 1,226 858 11,660 167,430 1,225 300,530 0 482,929 TOTAL GRANT INCOME 0 1,226 858 11,660 167,430 1,225 300,530 0 482,929

OTHER INCOME
Investment Income-Unrestricted 15,815 138,320 98,449 96,228 38,520 77,080 74,610 139,000 678,022 Management Fee Income 0 0 0 0 0 0 0 799,610 799,610
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 46,127 46,127
Fee for Service Income 0 0 0 0 0 0 0 30,000 30,000
IT Fees 0 0 0 0 0 0 0 15,000 15,000
FFS income - outside party 0 0 0 0 0 0 0 19,000 19,000
IT Fees - outside party 0 0 0 0 0 0 0 16,500 16,500
Non-Dwelling Rental Income 7,000 0 0 31,780 0 0 0 9,431 48,211 Misc Other Income 0 360 130 51 400 0 100 0 1,041
TOTAL OTHER INCOME 22,815 138,680 98,579 128,059 38,920 77,080 74,710 1,137,428 1,716,271 TOTAL INCOME 22,815 1,537,790 1,110,405 1,345,612 432,578 1,295,064 869,431 1,137,428 7,751,123

OXNARD HOUSING AUTHORITY

LOW RENT PUBLIC HOUSING
Proposed FY 2025-26 Budget

Page 1 of 5 ends

Finance & Governance CommitteeMay 13, 2025

Finance & Governance Committee
May 13, 2025