(Note: Must be submitted on agency letterhead.)
AGREEMENT FOR BILLING OF DIRECT ASSESSMENTS
This Agreement For Billing of Direct Assessments (“Agreement”) is made and entered into between the Ventura County Auditor-Controller and
(“Agency”) to provide the service of placement of direct assessments on the Secured Tax Roll and distribution of collections to the Agency.
I. PROPERTY TAX SERVICES
Ventura County will place di rect assessments on the Secured Tax Ro ll and distribute collections to the Agency at the same time and in the sa me manner as Ventura County property taxes are collected and distributed, and as authorized by law. The Agency will adhere to the policies and procedures established by the Ventura County Auditor-Controller as outlined in the Direct Assessment Submission Letter.
II. FEES FOR SERVICES
For billing, collection, correcti on and administration of direct assess ments, the Ventura County Auditor-Controller shall collect the following charges:
A. A Direct Assessment Line Fee for the original submission will be charged $0.22 per assessment per parcel set by the County via resolution by the Board of Supervisors at its annual Countywide Rates and Fees public hearing.
B. For correction or removal of direct assessments requested by the Agency after extension of the tax roll, the Ventura County Auditor-Controller will collect $29.00 per correction or removal. All corrections and removals must be submitted by the third Friday in February.
C. An administration and collection fee shall be charged in an amount not to exceed one-fourth of 1 percent of amounts collected.
D. Collection fees and charges herein pr ovided are subject to adjustment by the County via resolution of the Board of Supervisors at its annual Countywide Rates and Fees public hearing. The Ventura County Auditor-Controller reserves the right to increase or decrease any charges herein provided, in proportion to any 220
v.2025 Agreement for Billing of Direct Assessments Attachment B1
changes in costs incurred by the Auditor-Controller in providing the services described herein, provided that written notice of any increase or decrease in charges is given to the Agency.
III. COLLECTION OF AUDITOR-CONTROLLER FEES
Direct Assessment billin g, correction and removal charges are deducted once a year, in the April Secured Apportionment. Collection and administrative fees are deducted from each Apportionment distribution.
IV. REQUESTS FOR INFORMATION AND ACCOUNTING SERVICES
The Ventura County Auditor-Controller publishes a report of direct assessments levied for the tax year by parcel to the Auditor-Cont roller’s website in January, May and July.
Requests for information and accounting services beyond what is posted to the Website will be considered extended services and will be subject to additional charges and fees.
V. AUTHORITY FOR LEVY AND COMPLIANCE WITH LAW
The authority for any levy, (i.e. resolution, ordinance or election), shall accompany requests for the levy of direct assessments. The Agency warrants that the taxes, fees, or assessments imposed by the Agency and collected pursuant to this Agreement comply with all requirements of state law, including but not limited to Articles XIIIC and XIIID of the California Constitution (Proposition 218).
The Agency hereby releases a nd forever discharges Ventura County and its officials, officers, agents, repr esentatives a nd employees from any a nd all claims, demands, liabilities, costs and expenses, damages, causes of action, and judgments in any manner arising out of the Agency’s responsibilities and representations under this Agreement or other action taken by the Agency in establishing a special ta x, fee, or assessment and implementing collection of special taxes, fees, or assessments, as contemplated in and/or pursuant to this Agreement,
including disputes related to lien priority.
The Agency further agrees to and shall defend, indemnify and hold harmless Ventura County and its officials, officers, agents, representatives and em ployees (“indemnified parties”) from any and all claims, demands, liabilities, costs and expenses, damages, causes of action and judgments in any manner arising ou t of any of the Agency’s responsibilities and representations under this Agreement, or other action taken by the Agency in establishing a special tax, fee, or assessment and implementing collection of special taxes, fees, or assessments as contemplated in and/or pursuant to this Agreement, including disputes related to lien priority.
221
v.2025 Agreement for Billing of Direct Assessments Attachment B1
If any judgment is entered agains t any indemnified party as a result of action taken to implement this Agreement, the Agency agrees that Ventura County may offset the amount of any judgment paid by any indemnified party from any monies collected by Ventura County on the Agency’s behalf, including property taxes, special taxes, fees, or assessments.
Ventura County may, but is not required to, notify the Agency of its intent to implement any offset authorized by this paragraph.
VI. TERMS OF AGREEMENT
Upon execution, this Agreement terminates, supersedes and replaces all prior agreements between Ventura County Auditor-Controller and the Agency pertaining to the collection of direct assessments. This Agreement shall continue from year to year and shall be subject to cancellation by either party by giving a thirty-day written notice of cancellation to the other party.
VII. AUTHORITY
The above terms are accepted by the Agency and the undersigned further certifies that he/she is authorized to sign this Agreement and bind the Agency to its terms.
Authorized Signature: ____________________________________ Date: ____________
Authorized Name: ____________________________________
(PRINT)
Title: ____________________________________
(PRINT TITLE)
___________________________________________________________________________________________ For Auditor-Controller Use Only
Approved Signature: __________________________________ Date: ___________
SECTION MANAGER
Approved Name: __________________________________ (PRINT)
222
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
223
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
224
Fiscal Year 2025-26 Special Tax Levy for
Community Facilities Districts No. 1, 2, 3, 4, 5, 8,
9, and 2000-3
Finance and Governance Committee
May 27, 2025
City Council
June 17, 2025
Anthony Miller
Special Districts Manager
225
That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2025-26;
2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2025-26;
3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;
4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;
RECOMMENDATION
226
That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2025-26;
6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2025-26;
7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2025-26;
8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2025-26; and
RECOMMENDATION
227
That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
9. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County Secured Tax Roll.
RECOMMENDATION
228
That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2025-26;
2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2025-26;
3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;
4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;
RECOMMENDATION
229
That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2025-26;
6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2025-26;
7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2025-26;
8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2025-26; and
RECOMMENDATION
230
That the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9, and 2000-3:
9. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County Secured Tax Roll.
RECOMMENDATION
231
8 MAP OF SPECIAL DISTRICTS
Additional information can be found at: oxnard.gov/public-works/special-districts 232
• Special Districts is a Division of the Public Works Department and manages a total of 50 special financing districts which includes eight Community Facilities Districts (CFDs), commonly known as Mello-Roos Districts.
• Through the development process, special financing districts (e.g.
CFDs) were authorized to be used by the qualified electors (i.e. property owners/developers) to finance the installation of public improvements and/or to provide funding for certain ongoing public services.
• A CFD can issue bonds to finance the construction of public improvements with a useful life of at least five years (e.g. public infrastructure, park, recreation, and open space facilities, school facilities, libraries, and child care facilities).
BACKGROUND
233
• CFDs can also fund ongoing services such as police and fire protection, parks, parkways, open space maintenance, and flood and storm protection.
• Typically, the developer constructed the public improvements at the time the project was developed and the property owners pay for the cost of the construction, cost of certain public services, and/or cost of maintaining the improvements through a special tax included on the annual property tax bill.
• Revenue from the special tax is used to make the annual debt service on the bonds, if applicable, and/or to fund the specified public services and maintenance of public improvements.
BACKGROUND
234
BACKGROUND
District Purpose
Resolution of Formation
& Rate and Method of
Apportionment (RMA)
Ordinance Levying
Special Tax
CFD No. 1
Westport at Mandalay Bay
Issue bonds to finance public
improvements
No. 11,823
No. 12,081
No. 2541
No. 2591
CFD No. 2
Westport at Mandalay Bay Maintenance services No. 11,825 No. 12,082
No. 2542
No. 2592
CFD No. 3
Seabridge at Mandalay Bay
Issue bonds to finance public
improvements No. 12,737 No. 2676
CFD No. 4
Seabridge at Mandalay Bay
Public and maintenance
services
No. 12,739
No. 15,104 No. 2677
CFD No. 5
Riverpark
Public and maintenance
services No. 12,936 No. 2701
CFD No. 8
Sakioka Farms Business
Park
Fire protection and
maintenance services No. 15,349 No. 2982
CFD No. 9
North Shore at Mandalay Bay
Public and maintenance
services No. 15,492 No. 3004
CFD No. 2000-3 Oxnard
Boulevard/Highway 101
Interchange
Issue bonds to finance public
improvements No. 12,019 No. 2570
235
• The Mello-Roos Community Facilities Act of 1982 allows the formation of CFDs to finance the construction of public infrastructure improvements by the issuance of bonds and/or to fund certain public services and operation and maintenance of public improvements.
• The qualified electors within the boundaries of the CFDs approved the Rate and Method of Apportionment (RMA) at the time of the CFD’s formation and authorized the levy of a special tax on their properties as security for repayment of bonds or to fund the services of the district.
DISCUSSION
236
• The RMA establishes the special tax formula (e.g. rate of annual adjustment, if any, etc.) and how the special tax is apportioned to properties included in each CFD.
• The special tax cannot be levied on the property tax roll, nor can adjustments be made to the maximum and applied rates, as previously authorized by the qualified electors, unless the City Council authorizes such actions.
• Adoption of the resolutions sets the maximum and applied special tax rates, approves the calculation of the rates, and approves setting the rates that are placed on the annual tax roll for each CFD as prepared by the City’s consultant, NBS.
DISCUSSION
237
• The applied special tax rate is the amount that is used to calculate the special tax actually levied on the property tax roll. It is the amount necessary to fund the services of each CFD, including administration and reserves for the upcoming fiscal year. • The applied special tax rate cannot exceed the maximum special tax rate.
• The applied rates within the next table are anticipated rates to be applied within each District. Unless changed prior to their presentation to the full Council, they will be reflected in the final tax roll prepared by NBS and incorporated by reference in the attached resolutions.
DISCUSSION
238
Billing of Direct Assessments
• The County of Ventura requires annual approval of an Agreement for Billing of Direct Assessments for services related to the inclusion of the special taxes/assessments on the Ventura County property tax bills. In the absence of this arrangement, the City will have to directly bill property owners for special taxes/assessments. • This agreement is applicable to all assessment districts, Community Facilities Districts and other special assessments administered by the City.
DISCUSSION
239
• Property owners pay the special tax as part of their annual property tax bill. The special tax, including annual adjustments where applicable, has been approved by the qualified electors through prior proceedings.
• Funds received for the benefit of each CFD are restricted and can only be used to fund the services and obligations of each district. • There is no General Fund contribution related to these districts nor is the General Fund liable for the bonds.
FINANCIAL IMPACT
240
• The following table provides a summary of the proposed maximum and applied special tax rates for FY 2025-26.
FINANCIAL IMPACT
District
FY 2025-26 Qualified Elector
Approved Annual
Adjustment
Projected Principal
Balance Bond Maturity Date
Maximum Rate Applied Rate
CFD No. 1
Westport at Mandalay Bay $1,014,698.65 $640,589 2% $5,320,000.00 9/1/2033 CFD No. 2
Westport at Mandalay Bay $890,978.73 $588,000 2% N/A N/A CFD No. 3
Seabridge at Mandalay Bay $3,084,873.79 $1,915,842 2% $17,765,000.00 9/1/2035 CFD No. 4
Seabridge at Mandalay Bay $1,427,056.96 $945,158 2% N/A N/A CFD No. 5
Riverpark $7,498,292.40 $4,194,177 2% to 5% N/A N/A
CFD No. 8
Sakioka Farms Business
Park
$828,720.08 $493,664 Varies N/A N/A
CFD No. 9
North Shore at Mandalay
Bay
$4,401,152.62 $151 2% to 5% N/A N/A
CFD No. 2000-3 Oxnard
Boulevard/
Highway 101 Interchange
$921,278.22 $524,397 N/A $3,620,000.00 9/1/2032
241
QUESTIONS?
242