Rancho Cordova City Council
March 17, 2025

SECURITIES HELD
As of December 31, 2024

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Government Bonds
91282CET4 2 .625 05/31/2027 1,031,253.68 1,055,823.85 3,012.08 2,459.14 1.571,058,835.931,100,000.00USA TREASURY 2.625% 31MAY2027 91282CEW7 3.250 06/30/2027 1,255,875.45 1,272,523.95 (3,145.05) 0.00 1.911,269,378.901,300,000.00USA TREASURY 3.25% 30JUN2027 91282CFB2 2.750 07/31/2027 563,791.07 574,583.60 3,197.65 6,860.05 0.86577,781.25600,000.00USA TREASURY 2.75% 31JUL2027 91282CFM8 4.125 09/30/2027 1,294,723.11 1,294,728.37 (9.62) 13,553.57 1.971,294,718.751,300,000.00USA TREASURY 4.125% 30SEP2027 91282CFU0 4.125 10/31/2027 843,893.47 845,944.67 602.21 5,908.32 1.28846,546.88850,000.00USA TREASURY 4.125% 31OCT2027 91282CHA2 3.500 04/30/2028 970,628.35 974,812.46 (164.02) 5,897.79 1.48974,648.441,000,000.00USA TREASURY 3.5% 30APR2028 91282CHX2 4.375 08/31/2028 2,105,010.94 2,104,059.07 (2,664.54) 30,963.40 3.202,101,394.532,100,000.00USA TREASURY 4.375% 31AUG2028 91282CJF9 4.875 10/31/2028 1,275,297.16 1,271,169.17 1,145.28 10,268.47 1.941,272,314.451,250,000.00USA TREASURY 4.875% 31OCT2028 91282CES6 2.750 05/31/2029 901,007.84 903,792.99 (25,039.86) 2,201.51 1.37878,753.13940,000.00USA TREASURY 2.75% 31MAY2029 91282CFJ5 3.125 08/31/2029 1,077,359.15 1,078,566.66 (36,789.32) 11,584.95 1.641,041,777.341,100,000.00USA TREASURY 3.125% 31AUG2029 91282CFL0 3.875 09/30/2029 1,183,316.52 1,183,838.46 (10,088.46) 11,752.75 1.801,173,750.001,200,000.00USA TREASURY 3.875% 30SEP2029 13 ITEM 9.10.

ATTACHMENT 1

SECURITIES HELD
As of December 31, 2024

CITY OF RANCHO CORDOVA
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Government Bonds
91282CLR0 4 .125 10/31/2029 800,690.18 800,679.02 (9,991.52) 5,560.77 1.22790,687.50800,000.00USA TREASURY 4% 31OCT2029 Total Government Bonds 25,519,104.55 26,022,390.11 25,925,612.08 (96,778.03) 38.78161,570.1126,540,000.00 Grand total 65,797,033.40 66,818,975.95 (103,529.52)67,899,416.86 100.00500,773.1866,715,446.43 14 ITEM 9.10.

ATTACHMENT 1

MEMORANDUM

City Council Staff Report - Page 1 of 3

ITEM 10.1.

DATE: March 17, 2025

TO: Honorable Mayor and Council Members

FROM: Michelle Mingay, Finance Manager

SUBJECT: RESOLUTIONS AND AN ORDINANCE RELATED TO THE

FORMATION OF THE CITY OF RANCHO CORDOVA PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

RECOMMENDATION

Adopt the Resolutions and waive first reading and introduce the Ordinance.

RESULT OF RECOMMENDED ACTION

Adoption of these items would complete the formation of City of Rancho Cordova The Preserve Community Facilities District 2025-1 (the “CFD”) and authorize a landowner vote which, if successfully passed, authorizes the levy of a special tax. The special tax levy associated with this CFD is for the purpose of financing the acquisition and construction of, and the payment of fees for, the public facilities in and for the Community Facilities District. There is no financial impact to existing residents.

BACKGROUND

At the meeting on February 3, 2025, the City initiated the process of forming the City of Rancho Cordova The Preserve Community Facilities District 2025-1 for the Preserve Development Project; a project consists of 98 acres and is located north of Douglas Boulevard, east of Sunrise Boulevard, and north of the North Douglas subdivisions. The development anticipates a total of 439 single-family homes. While the CFD will be formed over the full development project, the CFD will be phased in through the use of Improvement Areas. The first Improvement Area will include 259 single-family homes with lots ranging in size from 45' x 90' to 55' x 105' in size. Through the subdivision map and entitlement process, the CFD properties will be required to construct all appropriate infrastructure. CFDs are commonly used throughout California to finance infrastructure and services in new development areas. The CFD program simply provides a funding mechanism for a part of the total costs. The balance of the costs will be paid by the developer.

The Preserve CFD is proposed to have a facilities special tax that will be levied on residential property within the development until all bonds issued by the district have been fully repaid. The facilities special tax within Improvement Area 1 will range between $1,268 - $2,053 per single- family lot in the base year (Fiscal Year 2024-25), and will increase at a rate of 2% per year for the life of the tax. The special tax will be authorized to support up to $23,800,000 in bonds, the proceeds of which will be used to finance the acquisition and construction of, and the payment

City Council Staff Report - Page 2 of 3

of fees for, public facilities in and for the Community Facilities District.

The Resolution of Intention adopted by the City Council on February 3, 2025, set for March 17, 2025, at 5:30 p.m., or as soon thereafter as the matter may be heard, for the hearing on the actual formation of the CFD and the levy of the special tax and the sale of bonds.

The documents attached to this report will complete the formation and levy the special tax. The following descriptions correspond to the Item numbers in the Attachments listing below:

1. A Resolution of Formation of Community Facilities District. This officially forms the CFD, authorizes the special taxes to be collected and calls for the required property owner vote on the levy of taxes and the establishment of an appropriations limit for the CFD (under Article XIIIB of the Constitution). The Exhibit(s) to this resolution show the facilities and impact fees to be financed and the formula by which the special taxes will be levied in the CFD.

2. A Resolution Determining Necessity to Incur Bonded Indebtedness Within Community Facilities District. This makes the determination to issue bonds to be financed by the special taxes. The amount is a “not to exceed” amount and includes amounts to cover improvements to be financed in later series of bonds. This resolution also calls for the required landowner vote on the issuance of bonds.

3. A Resolution Calling a Special Election. This sets the election for March 3, 2025, and provides the form of the special ballot to be used by the landowner-voter. Calling the election and actually having the election on the same night is allowed under CFD law due to the fact that all the landowners in the CFD have waived certain time requirements for proceeding to the election.

4. A Resolution Declaring Results of the Special Election and Directing Recording of Notice of Special Tax Lien. This is for adoption by the Council after the vote is announced by the City Clerk. It confirms the outcome of the property owner election for the CFD. Attached to it is a copy of the official Canvass and Statement of Result of Election to be completed by the Clerk for the City’s record in connection with the opening of ballots and announcement of results. This resolution also directs the filing of the Notice of Special Tax Lien against the lands in the CFD to allow collection of the special tax on each property.

5. An Ordinance Levying Special Taxes Within City of Rancho Cordova The Preserve Community Facilities District 2025-1. Under the law, the Council must levy the special taxes by ordinance. Under the ordinance, the levy is made once by the adoption of this ordinance, and, in each year hereafter, the process of determining the special taxes and processing the collection is done administratively by the Administrative Services Director (or a consultant) and no further Council action is needed.

6. Certificate of City Clerk Regarding Waiver (of Certain Election Requirements) and Consent. This is to be completed by the City Clerk for the City’s record in connection with the ballot/election procedure and acknowledges receipt of waivers from the property owner(s).

7. Notice of Special Tax Lien. This is the document to be completed by the Clerk and recorded with the County Recorder subsequent to the meeting. It establishes a lien in favor of the City to allow for the collection and enforcement of the special taxes.

8. CFD Report. This is the required report that shows the facilities (public improvements) to be

City Council Staff Report - Page 3 of 3

financed by the CFD. The City was directed to prepare this report by the first Resolution of Intention adopted for the CFD on February 3, 2025. It shows the estimated costs of the various facilities along with the costs to issue the bonds and to administer the CFD. A copy of this report has been filed with the City Clerk as part of the proceedings.

Taking the above actions will conclude the formation process for the CFD. The approval of bond documentation, which provides for the issuance of the anticipated CFD bonds, will be the subject of a future meeting.

FISCAL IMPACT AND FUNDING SOURCE

There is no fiscal impact to the City. Any special tax bonds to be issued on behalf of the CFD are secured solely by the special tax levies within the District and are not debt of the City's general fund.

ATTACHMENT(S)

1. Resolution of Formation

2. Resolution to Incur Bonded Indebtedness

3. Resolution Calling a Special Election

4. Resolution Declaring Election Results

5. Ordinance Levying Special Taxes

6. City Clerks Waiver

7. Notice Spec Tax Lien

8. CFD Report

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 1 of 7

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE

OF CALIFORNIA, TO FORM THE CITY OF RANCHO CORDOVA THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1, DESIGNATE AN IMPROVEMENT AREA

AND FUTURE ANNEXATION AREA THEREIN, AND TO AUTHROIZE THE LEVY OF

SPECIAL TAXES IN THE DISTRICT
WHEREAS, the City Council (the “City Council”) of the City of Rancho Cordova (the “City”) on February 3, 2025, adopted a resolution of intention titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Form The Preserve Community Facilities District No. 2025-1, Designate an Initial Improvement Area Therein and Establish a Future Annexation Area, and Levy Special Taxes Therein to Finance the Acquisition and Construction of Certain Public Facilities in and for Such Community Facilities District” (the “Resolution of Intention”) to (i) establish of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”) within the City, (ii) designate therein “Improvement Area No. 1 of City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” (“Improvement Area No. 1”), and (iii) establish a “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (Future Annexation Area)” (the “Future Annexation Area”), all pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and WHEREAS, the Resolution of Intention incorporates a map of the proposed boundaries of the CFD, Improvement Area No. 1, and the Future Annexation Area, states the facilities to be provided, the cost of providing such facilities and the rate and method of apportionment of the special tax to be levied within the CFD to finance such facilities, including to pay principal of and interest on bonds proposed to be issued with respect to the CFD, is on file with the City Clerk and the provisions thereof are incorporated herein by this reference as if fully set forth herein; and
WHEREAS, the facilities to be provided as stated in the Resolution of Intention are set forth in Exhibit A attached hereto and hereby made a part hereof; and WHEREAS, the City Council noticed a public hearing to be held on March 17, 2025, regarding the determination to proceed with the formation of the CFD, Improvement Area No. 1, and the Future Annexation Area, the authorization of certain public facilities to be paid for in whole or in part by the CFD and the respective rate and method of apportionment of the special tax to be levied within Improvement Area No. 1, to pay the cost of the facilities, the principal and interest on the proposed bonded indebtedness in Improvement Area No. 1, and the administrative costs of the City relative to the CFD, all pursuant to the Act and the Resolution of Intention; and
WHEREAS, at the hearing all interested persons desiring to be heard on all matters pertaining to the formation of the CFD, Improvement Area No. 1, and the Future Annexation Area, the facilities to be provided therein and the levy of said special tax were heard and a full and fair hearing was held; and

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 2 of 7
WHEREAS, at the hearing evidence was presented to the City Council on said matters before it, including a report caused to be prepared by the Administrative Services Director of the City (the “Report”) as to the facilities to be provided in the CFD and the costs thereof and incidental expenses related thereto, a copy of which is on file with the City Clerk, and the City Council at the conclusion of said hearing is fully advised in the premises; and WHEREAS, written protests with respect to the formation of the CFD and the designation therein of Improvement Area No. 1, the furnishing of specified types of facilities and the rate and method of apportionment of the special taxes have not been filed with the City Clerk by fifty percent or more of the registered voters residing within the territory of the CFD and Improvement Area No. 1 or property owners of one-half or more of the area of land within the CFD and Improvement Area No. 1 not exempt from the proposed special tax; and WHEREAS, the special tax proposed to be levied in Improvement Area No. 1 to pay for the proposed facilities to be provided therein, and the rate and method of apportionment for Improvement Area No. 1 which is set forth in Exhibit B hereto, has not been eliminated by protest by fifty percent (50%) or more of the registered voters residing within the territory of Improvement Area No. 1 or the owners of one-half (1/2) or more of the area of land within Improvement Area No. 1 not exempt from the special tax; and WHEREAS, the City Council desires to form the CFD and approve related matters, all as authorized by and in accordance with the Act.

NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA AS FOLLOWS:

1. The foregoing recitals are true and correct.

2. The formation of the CFD and proposed special tax to be levied within the CFD and Improvement Area No. 1 therein has not been precluded by majority protest pursuant to section 53324 of the Act.

3. The community facilities district designated “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” of the City is hereby established pursuant to the Act.

The improvement area designated “Improvement Area No. 1 of City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” is hereby established pursuant to the Act.

The future annexation area designated “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (Future Annexation Area)” is hereby established pursuant to the Act.

4. The boundaries of the CFD, Improvement Area No. 1, and the Future Annexation Area, are shown on proposed boundary map on file with the City Clerk, which was approved by the Resolution of Intention and filed for record on February 27, 2025 in Book 146 of Maps of Assessment and Community Facilities Districts at Page 3 in the Office of the County Recorder of the County of Sacramento as document number 2025-02270425 of the Maps of Assessment and Community Facilities Districts are hereby approved, are incorporated herein by reference,

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 3 of 7
and shall be the initial boundaries of the CFD, Improvement Area No. 1 and the Future Annexation Area, respectively.

Parcels within the Future Annexation Area shall be annexed to the CFD only with the unanimous approval (each, a “Unanimous Approval”) of the owner or owners of each parcel or parcels at the time that parcel or those parcels are annexed, without any requirement for further public hearings or additional proceedings. The Council hereby determines that any property for which the owner or owners execute a Unanimous Approval shall be added to the CFD, either into an existing improvement area or a Future Improvement Area (defined herein), and the Secretary shall record an amendment to the notice of special tax lien for Improvement Area No. 1 pursuant to Section 3117.5 of the Streets & Highways Code, or a new notice of special tax lien pursuant to Section 3114.5, as appropriate.

5. The type of public facilities proposed to be financed by the CFD and Improvement Area No. 1 shall consist of those items listed as facilities in Exhibit A hereto and by this reference incorporated herein (the “Facilities”). The listing includes incidental expenses incurred and to be incurred in connection with the CFD and the issuance of bonds. The financing of the costs of Facilities may include, without limitation, the payment of principal of and interest on bonds, together with all direct, indirect periodic, and/or other related costs (including, without limitation, costs of administering the CFD, levying the Special Tax and administering the bonds, and establishing and replenishing reserve funds).

For Future Improvement Areas, the type of public facilities to be financed by such improvement area may consist of facilities different than the Facilities if the annexed territory is designated as a separate improvement area. Any facilities in addition to or instead of the Facilities shall be identified and approved in the Unanimous Approval executed by property owners in connection with their annexation to the CFD from the Future Annexation Area, and shall be effective without the need for additional Council approval.

6. Special Tax.
a. Except to the extent that funds are otherwise available to the Improvement Areas to pay for the Facilities, to pay the principal and interest on bonds and other debt (as defined in the Act) of the City to finance the Facilities, to the repayment of funds advanced by the City for the CFD and including the repayment under any agreement (which shall not constitute a debt or liability of the City) of advances of funds or reimbursement for the lesser of the value or cost of work in-kind provided by any person for the CFD, a special tax (the “Special Tax”) sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property is intended to be levied annually and collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this Council. b. The proposed rate and method of apportionment of the Special Tax among the parcels of real property within Improvement Area No. 1, in sufficient detail to allow each landowner within Improvement Area No. 1 to estimate the maximum amount such owner will have to pay, is attached hereto as Exhibit B to this Resolution and hereby incorporated herein (the “Rate and Method”). The Special Tax for Improvement Area No 1 (the “Improvement Area No. 1 Special Tax”) shall not be levied in Improvement Area No. 1 after the 2064-65 fiscal year, except that an Improvement Area No. 1 Special Tax that was lawfully levied in or before the final tax year and that remains delinquent may be collected in subsequent years. Under no circumstances shall the Improvement Area No. 1 Special Tax levied against any parcel in Improvement Area No. 1 used for private residential purposes be increased as a consequence

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 4 of 7
of delinquency or default by the owner of any other parcel or parcels within Improvement Area No. 1 by more than 10 percent.

The proposed rate and method of apportionment of the Special Tax among the parcels of real property within a Future Improvement Area, in sufficient detail to allow each landowner within such Future Improvement Area to estimate the maximum amount such owner will have to pay, shall be set forth in the applicable Unanimous Approval. The Special Tax shall not be levied in a Future Improvement Area after the fiscal year identified in the rate and method for such Future Improvement Area, except that a special tax that was lawfully levied in or before the final tax year and that remains delinquent may be collected in subsequent years. Under no circumstances shall the special tax levied against any parcel in a Future Improvement Area for private residential purposes be increased as a consequence of delinquency or default by the owner of any other parcel or parcels within such Future Improvement Area by more than 10 percent.

For Future Improvement Areas, a different rate and method may be adopted than the Rate and Method adopted for Improvement Area No. 1 if the annexed territory is designated as a separate improvement area. No supplements to the Rate and Method for any of the Improvement Areas and no new rate and method will cause the maximum tax rate in the then- existing territory of the CFD (including Improvement Area No. 1) to increase without a vote as required by the Act. The designation as an improvement area of any territory annexing to the CFD, the maximum amount of bonded indebtedness and other debt for such improvement area, the rate and method of apportionment of special tax for such improvement area and the appropriations limit for such improvement area shall be identified and approved in the Unanimous Approval executed by property owners in connection with their annexation to the CFD from the Future Annexation Area. The annexation and related matters described in the Unanimous Approval shall be implemented and completed without the need for Council approval as long as the following conditions are met:
(i) The rate and method of apportionment of special tax for the new improvement area is prepared by a special tax consultant retained by the City. (ii) The rate and method of apportionment of special tax for the new improvement area substantially complies (unless compliance is waived by the City) with the City’s local goals and policies concerning the use of the Act.
(iii) The rate and method of apportionment of special tax for the new improvement area includes a mechanism that protects against revenue loss after bonds are issued as a result of land use changes.
(iv) The Special Tax proposed to pay for the Facilities to be supplied within the territory annexed will be equal to the Special Taxes levied to pay for the same Facilities in previously-existing areas of the CFD and Improvement Area No. 1, except that (a) a higher Special Tax may be levied on territory annexing into the CFD to pay for the same Facilities to compensate for the interest and principal previously paid from Special Taxes in the original area of the CFD and Improvement Area No. 1, less any depreciation allocable to the financed Facilities, and (b) a higher Special Tax may be levied on territory annexing into the CFD to pay for new or additional Facilities, with or without bond financing. c. Territory in the Future Annexation Area will be annexed into the CFD and a special tax will be levied on such territory only with the Unanimous Approval of the owner or

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 5 of 7
owners of each parcel or parcels at the time that parcel or those parcels are annexed into the CFD. Except to the extent that funds are otherwise available to the CFD to pay for the Facilities and/or the principal and interest as it becomes due on bonds of the CFD issued to finance the Facilities, a Special Tax sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property in the Future Annexation Area, is intended to be levied annually within the Future Annexation Area, and collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this Council.
d. This Council hereby finds that the provisions of Section 53313.6, 53313.7 and 53313.9 of the Act (relating to adjustments to ad valorem property taxes and schools financed by a community facilities district) are inapplicable to the proposed CFD and the Improvement Areas.

7. It is hereby found and determined that the Facilities are necessary to meet increased demands placed upon local agencies as the result of development occurring in the CFD, Improvement Area No. 1, and the Future Annexation Area.

8. The office of the Administrative Services Director of the City of Rancho Cordova, 2729 Prospect Park Drive, Rancho Cordova, California 95670 (916-851-8730) is designated as the office responsible for preparing annually a current roll of special tax levy obligations by assessor's parcel number, estimating future special tax levies and for establishing procedures to promptly respond to inquiries regarding estimates of future special tax levies. The City may contract with outside consultants to provide this service in lieu of the Administrative Services Director.

9. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code of California, a continuing lien to secure each levy of the special tax shall attach to all nonexempt real property in Improvement Area No. 1, and this lien shall continue in force and effect until the special tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the tax by the City ceases.

Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code of California, a continuing lien to secure each levy of the special tax shall attach to all nonexempt real property annexed to the CFD from the Future Annexation Area, and this lien shall continue in force and effect until the special tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the tax by the City ceases.

10. In accordance with the Act, the annual appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, shall be preliminarily established for the CFD in the amount of $23,800,000, of which the annual appropriations limit for the territory within Improvement Area No. 1 is hereby preliminarily established at $13,700,000, and the annual appropriations limit for the territory within the Future Annexation Area, once annexed to the CFD, is preliminarily established at $10,100,000. The proposition establishing said annual appropriations limit shall become effective if approved by the qualified electors voting thereon and shall be adjusted in accordance with the applicable provisions of the Act.

The designation as an improvement area of any territory annexing to the CFD, the maximum amount of bonded indebtedness and other debt for such improvement area, the rate and method of apportionment of special tax for such improvement area and the appropriations

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 6 of 7
limit for such improvement area shall be identified and approved in the Unanimous Approval executed by property owners in connection with their annexation to the CFD.

11. Pursuant to the provisions of the Act, the proposition of the levy of the Improvement Area No. 1 Special Tax and the proposition of the establishment of the appropriations limit for Improvement Area No. 1 specified above shall be submitted to the qualified electors of Improvement Area No. 1 at an election. The time, place and conditions of the election shall be as specified by a separate resolution of the Council. The qualified electors for the election to be held in these proceedings shall be the landowners owning land within the CFD. The City Council will conduct the election by mailed ballot and hereby designates the City Clerk as the official to conduct the mailed-ballot election. Certain election formalities may be waived by the electors.

12. Section 53314.9 of the Act provides that, either before or after formation of the CFD, the City may accept work in-kind from any source, including, but not limited to, private persons or private entities, may provide, by resolution, for the use of that work in-kind for any authorized purpose and the Council may enter into an agreement (an “Acquisition Agreement”), by resolution, with the person or entity advancing the work in-kind, to reimburse the person or entity for the value, or cost, whichever is less, of the work in-kind, as determined by the Council, with or without interest, under the conditions specified in the Act. Any work in-kind must be performed or constructed as if the work had been performed or constructed under the direction and supervision, or under the authority of, the City.

Section 53316.2 of the Act provides that a community facilities district may finance facilities to be owned or operated by a public agency other than the agency that created the district, or services to be provided by a public agency other than the agency that created the district, or any combination, only pursuant to a joint community facilities agreement or a joint exercise of powers agreement adopted pursuant to this section. The Administrative Services Director of the City and each other authorized officer of the City is hereby authorized and directed to enter into joint community facilities agreements with the County and any other entity that will own or operate any of the Facilities, as may be necessary to comply with the provisions of Section 53316.2(a) and (b) of the Act. The Council hereby declares that such joint agreements will be beneficial to owners of property in the area of the CFD.

13. Any bonds issued in these proceedings shall be callable in accordance with the provisions of the Act and as more specifically to be set forth in any resolution providing for the form, execution and issuance of bonds.

14. This City Council now finds and determines that all proceedings up to and including the adoption of this Resolution were and are valid and in conformity with the requirements of the Act. This determination and finding is final and conclusive in accordance with Government Code Section 53325.1.

ITEM 10.1. ATTACHMENT 1
Resolution No. XX-2025 Page 7 of 7
PASSED AND ADOPTED by the City Council of the City of Rancho Cordova this 17th day of March 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

EXHIBIT A - CFD Facilities
EXHIBIT B - Rate and Method of Apportionment

ITEM 10.1. ATTACHMENT 1

EXHIBIT A

LIST OF AUTHORIZED FACILITIES

FOR THE COMMUNITY FACILITIES DISTRICT
The Facilities and Services shown below are authorized to be financed by the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the, “CFD”).

Facilities
The Facilities which are proposed to be financed with the proceeds of the sales of bonds of the proposed CFD, or the payment of the fees to the appropriate jurisdiction with respect to such facilities proposed to be financed with the proceeds of the sale of bonds of the proposed CFD, are generally described as follows:
- Grantline Road & Raymer Way Traffic Signal
Impact, Development Agreement and Specific Plan Fees for Facilities - City Transportation Impact Fee
- City Community Facilities Fee
- Sacramento County Regional Sanitation (Expansion) Fee - Sacramento County Water Agency Zone 40 Fee
Other
- Any other facilities serving substantially the same purpose as the above described facilities.
- Any other facilities permitted under the Mello-Roos Community Facilities Act of 1982, including the facilities described in Section 53313.5 of the California Government Code, as amended from time to time, provided that such facilities satisfy at least one of the following criteria: 1) augment, improve or expand existing District facilities that are primarily for the benefit of the District, or 2) repair or rehabilitate existing District facilities.

The foregoing description of the type of Facilities eligible to be financed is general in nature and includes any appurtenant work and incidental expenses related to the Facilities. The final nature and location of the facilities will be determined upon the preparation of final plans and specifications for such facilities.

Incidentals
The bond related expenses authorized include the City, underwriters discount, financial advisor, appraisals, reserve fund balance, capitalized interest, bond counsel, disclosure counsel, special tax consultant, bond and official statement printing and all other incidental expenses.

CFD formation costs and administrative fees include those of the City, the CFD, the bond trustee or fiscal agent, legal counsel, the special tax consultant and other costs related to the CFD or the Bonds.

ITEM 10.1. ATTACHMENT 1

EXHIBIT B
Rate and Method of Apportionment of Special Tax
IMPROVEMENT AREA NO. 1 OF PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

CITY OF RANCHO CORDOVA, SACRAMENTO COUNTY, CALIFORNIA

ITEM 10.1. ATTACHMENT 2
Resolution No. XX-2025 Page 1 of 4

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO

CORDOVA, STATE OF CALIFORNIA, DEEMING IT NECESSARY TO INCUR

BONDED INDEBTEDNESS IN THE CITY OF RANCHO CORDOVA
THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1
WHEREAS, the City Council (the “City Council”) of the City of Rancho Cordova (the “City”) on February 3, 2025, adopted a resolution of intention titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Form The Preserve Community Facilities District No. 2025-1, Designate an Initial Improvement Area Therein and Establish a Future Annexation Area, and Levy Special Taxes Therein to Finance the Acquisition and Construction of Certain Public Facilities in and for Such Community Facilities District” (the “Resolution of Intention”) to (i) establish the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”) of the City, (ii) designate therein “Improvement Area No. 1 of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” (“Improvement Area No. 1”), and (iii) establish a “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (Future Annexation Area)” (the “Future Annexation Area”), all pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and WHEREAS, the City Council has also adopted on February 3, 2025, a resolution titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Incur Bonded Indebtedness for the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 to Finance the Acquisition and Construction of Certain Public Facilities in and for Such Community Facilities District” (the “Resolution of Intention to Incur Indebtedness”), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $23,800,000 upon the security of the special tax to be levied within the CFD pursuant to the Act; and stating its intention to incur bonded indebtedness within the boundaries of the CFD for the purpose of financing the costs of certain facilities specified in the Resolution of Intention; and WHEREAS, also in the Resolution of Intention, this Council determined that it may be necessary to designate additional improvement areas in the CFD as a result of the annexation of territory from the Future Annexation Area (each, a “Future Improvement Area”) and to incur bonded indebtedness within the boundaries of the Future Improvement Area; and WHEREAS, the City Council noticed a public hearing to be held on March 17, 2025, and pursuant to the Act and the Resolution of Intention, has held the public hearing relative to the matters material to the questions set forth in the Resolution of Intention and the Resolution of Intention to Incur Indebtedness, as required by the Act; and WHEREAS, subsequent to the public hearing, the City Council adopted on March 17, 2025, a resolution titled “A Resolution of the City Council of the City of Rancho Cordova to Form the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, Designate an Improvement Area and Future Annexation Area Therein, and to Authorize the Levy of Special Taxes in the District” (the “Resolution of Formation”); and

ITEM 10.1. ATTACHMENT 2
Resolution No. XX-2025 Page 2 of 4
WHEREAS, the City Council has also held a noticed public hearing as required by the Act relative to the matters material to the questions set forth in the Resolution of Intention to Incur Indebtedness; and
WHEREAS, No written protests with respect to the matters material to the questions set forth in the Resolution of Intention to Incur Indebtedness have been filed with the City Clerk.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, AS FOLLOWS:

1. The foregoing recitals are true and correct.

2. The City Council deems it necessary to incur bonded indebtedness for the CFD in an amount not to exceed $23,800,000 (the “Authorization”), initially allocated as follows: (i) for Improvement Area No. 1, the bonded indebtedness limit is $13,700,000 and (ii) for land within the Future Annexation Area (the “Future Improvement Area, the bonded indebtedness limit is not to exceed $10,100,000 (the “Future Improvement Area Indebtedness Limit”), provided that prior to any land in Improvement Area No. 1 becoming Developed Property (as defined in the Rate and Method) and prior to the first sale of bonds, the Administrative Services Director of the City may change the allocation upon receiving the affirmative vote of such owner to the reallocation. Indebtedness subject to the Authorization shall only include indebtedness evidenced by bonds or notes and shall not include bonds described in Section 53364.2(e) of the Act.

Parcels within the Future Annexation Area shall be annexed only with the unanimous consent (each, a “Unanimous Consent”) of the owner or owners of each parcel or parcels at the time that parcel or those parcels are annexed to the CFD, without any requirement for further public hearings or additional proceedings. Upon designation of a parcel or parcels annexed into the CFD from the Future Annexation Area as a Future Improvement Area, the Unanimous Consent shall include an authorization to incur bonded indebtedness for such Future Improvement Area in a maximum amount which does not cause the bonded indebtedness for the CFD to exceed the Authorization, and which limit shall be set forth in a Unanimous Consent.

Such allocation may be made without any requirement for further public hearings, Council action or other additional proceedings, and the City shall include the Unanimous Consent in the records for the CFD.

3. The whole of Improvement Area No. 1 shall pay for the bonded indebtedness and other debt issued by the City for Improvement Area No. 1 through the levy of the special tax. The tax shall be apportioned in accordance with the formula set forth in Exhibit B to the Resolution of Formation. The whole of each Future Improvement Area shall pay for the bonded indebtedness and other debt issued by the City for such Future Improvement Area through the levy of the special tax. The tax shall be apportioned in accordance with the formula approved via unanimous approval of parcel(s) annexing into such Future Improvement Area from the Future Annexation Area.

4. Indebtedness in the maximum amount set forth in Section 2 of this Resolution is hereby authorized for Improvement Area No. 1, subject to voter approval. The bonds and other debt may be issued in one or more series and mature and bear interest at such rate or rates, payable semiannually or in such other manner, all as this Council or its designee shall determine, at the time or times of sale of such bonds and other debt; provided, however, that the interest rate or rates shall not to exceed the maximum interest rate permitted by applicable

ITEM 10.1. ATTACHMENT 2
Resolution No. XX-2025 Page 3 of 4
law at the time of sale of the bonds and other debt and the bonds and other debt or any series thereof shall have a maximum term of not to exceed 40 years.

Indebtedness in the maximum amount set forth in Section 2 of this Resolution is hereby authorized for the Future Improvement Areas, subject to voter approval evidenced by the applicable Unanimous Approval form. The bonds and other debt for each Future Improvement Area may be issued in one or more series and mature and bear interest at such rate or rates, payable semiannually or in such other manner, all as this Council or its designee shall determine, at the time or times of sale of such bonds and other debt; provided, however, that the interest rate or rates shall not to exceed the maximum interest rate permitted by applicable law at the time of sale of the bonds and other debt and the bonds and other debt or any series thereof shall have a maximum term of not to exceed 40 years.

5. The proposition of the City incurring the bonded indebtedness and other debt for Improvement Area No. 1 herein authorized shall be submitted to the respective qualified electors of Improvement Area No. 1, and shall be consolidated with elections on the proposition of levying special taxes within Improvement Area No. 1 and the establishment of an appropriations limit for Improvement Area No. 1 pursuant to Section 53353.5 of the Act. The time, place and further particulars and conditions of such election shall be as specified by separate resolution of this Council. In accordance with Section 53350 of the Act, approval of the limit for the incurrence of bonded indebtedness and other debt for any Future Improvement Area shall be submitted by the owner or owner(s) of parcels in such Future Improvement Area and specified in the applicable unanimous approval form(s), without any other proceedings or hearings required.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova this 17th day of March 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

ITEM 10.1. ATTACHMENT 3
Resolution No. XX-2025 Page 1 of 4

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO

CORDOVA CALLING SPECIAL ELECTION IN CITY OF RANCHO CORDOVA THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1
WHEREAS, the City Council (the “City Council”) of the City of Rancho Cordova (the “City”) on March 17, 2025, adopted a resolution titled “A Resolution of the City Council of the City of Rancho Cordova to Form the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, Designate an Improvement Area and Future Annexation Area Therein, and to Authorize the Levy of Special Taxes in the District”, to (i) form “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”), (ii) designate therein “Improvement Area No. 1 of City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” (“Improvement Area No. 1”), (iii) establish “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (Future Annexation Area)” (the “Future Annexation Area”), (iv) authorize the levy of a special tax on property within Improvement Area No. 1 and (v) preliminarily establish an appropriations limit for Improvement Area No. 1, all pursuant to the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and
WHEREAS, the City Council has also adopted on March 17, 2025 a resolution titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Incur Bonded Indebtedness for the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 to Finance the Acquisition and Construction of Certain Public Facilities in and for Such Community Facilities District” (the “Resolution of Intention to Incur Indebtedness”), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $23,800,000, initially allocated as follows: (i) $13,700,000 for Improvement Area No. 1 upon the security of the special tax to be levied within Improvement Area No. 1 pursuant to the Act, and (ii) $10,100,000 for the portion of the CFD that is not currently in Improvement Area No. 1 upon the security of the special tax to be levied within such area pursuant to the Act; and WHEREAS, pursuant to the provisions of the Resolution of Formation and the Resolution of Intention to Incur Indebtedness, the propositions of the levy of the special tax, the establishment of the appropriations limit and the incurring of the bonded indebtedness shall be submitted to the qualified electors of Improvement Area No. 1 as required by the provisions of the Act.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, AS FOLLOWS:

1. Pursuant to Sections 53326, 53351 and 53325.7 of the Act, the issues of the levy of the special tax, the incurring of bonded indebtedness and the establishment of the appropriations limit shall be submitted to the qualified electors (as defined below) of Improvement Area No. 1 at an election called therefore as provided below.

2. The City Council hereby finds that fewer than 12 persons have been registered to vote within the territory of Improvement Area No. 1 for each of the 90 days preceding the close

ITEM 10.1. ATTACHMENT 3
Resolution No. XX-2025 Page 2 of 4
of the public hearings heretofore conducted and concluded by the City Council for the purposes of these proceedings. Accordingly, and pursuant to Section 53326 of the Act, the City Council finds that, for these proceedings, the qualified electors are the landowners within Improvement Area No. 1 and that the vote shall be by such landowners or their authorized representatives, each having one vote for each acre or portion thereof such landowner owns in Improvement Area No. 1 as of the close of the public hearings.

3. Having received certain waivers from all of the landowners within Improvement Area No. 1, the City Council hereby calls a special election to consider the measures described in Section 1 above, which election shall be held on March 17, 2025, and the results thereof canvassed at the meeting of the City Council on March 17, 2025. The City Clerk is hereby designated as the official to conduct the election and to receive all ballots until 5:30 p.m. on the election date. It is hereby acknowledged that the City Clerk has on file the Resolution of Formation, a certified map of the boundaries of the CFD and Improvement Area No. 1, and a sufficient description to allow the City Clerk to determine the electors of the CFD. Pursuant to Section 53327 of the Act, the election shall be conducted by messenger or mail-delivered ballot pursuant to Section 4000 of the California Elections Code, except to the extent waived by all of the electors.

4. As authorized by Section 53353.5 of the Act, the three propositions described in Section 1 above shall be combined into a single ballot measure, the form of which is attached hereto as Exhibit A and by this reference incorporated herein and the form of ballot is hereby approved. The City Clerk is hereby authorized and directed to cause a ballot, in substantially the form of Exhibit A, to be delivered to each of the qualified electors of Improvement Area No.

1. Each ballot shall indicate the number of votes to be voted by the respective landowner to which the ballot pertains.

5. The City Council hereby further finds that the provisions of Section 53326 of the Act requiring a minimum of 90 days following the adoption of the Resolution of Formation to elapse before the special election are for the protection of the qualified electors of Improvement Area No. 1 have been waived. There is on file with the City Clerk a written waiver executed by all of the qualified electors of the CFD allowing for a shortening of the time for the special election to expedite the process of formation of the CFD and Improvement Area No. 1 and waiving any requirement for notice, analysis and arguments in connection with the election.

Accordingly, the City Council finds and determines that the qualified electors have been fully apprised of and have agreed to the shortened time for the election and waiver of analysis and arguments and other matters, have requested the establishment of the District and the levy of special taxes, and have thereby been fully protected in these proceedings. The City Council also finds and determines that the City Clerk has concurred in the shortened time for the election. Analysis and arguments with respect to the ballot measures are hereby waived, as provided in Section 53327 of the Act.

6. The City Council hereby finds that the proposed debt issuance constitutes a “local bond measure” within the meaning of Sections 53410, et seq. of the California Government Code. As a result, the bond measure shall include the propositions set forth above and the following: (a) the specific purpose of the bonds shall be as set forth in the propositions; (b) any proceeds received from the sale of any bonds shall be applied only to the purposes set forth in the propositions; (c) the proceeds of any bonds shall be deposited into special accounts to be created therefor as part of the issuance of the bonds; and (d) the City shall cause a report to be prepared annually under Section 53411 of the Government Code.

ITEM 10.1. ATTACHMENT 3
Resolution No. XX-2025 Page 3 of 4

7. Under Section 50075.1 of the Government Code, the following accountability provisions shall apply to the special taxes: (a) the provision and/or acquisition of the Facilities, the payment of debt service on the bonds and other debt and the incidental costs thereof, all as defined in the Resolution of Formation, shall constitute the specific single purpose; (b) the proceeds shall be applied only to the specific purposes identified in (a) above; (c) there shall be created special account(s) or funds(s) into which the proceeds shall be deposited; and (d) there shall be caused to be prepared an annual audit and report of the CFD.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova this 17th day of March 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

EXHIBIT A – Proposed Ballot Measure

ITEM 10.1. ATTACHMENT 3

EXHIBIT A

CITY OF RANCHO CORDOVA
THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1

CITY OF RANCHO CORDOVA, SACRAMENTO COUNTY, CALIFORNIA
Proposed Ballot Measure
(Mailed-Ballot Election)
BALLOT MEASURE: Shall the measure pursuant to which (i) the City of Rancho Cordova shall incur an indebtedness and issue bonds in the maximum aggregate principal amount of not to exceed $23,800,000 (the “Authorization”), initially allocated as follows: (i) for Improvement Area No. 1, $13,700,000 and (ii) for the Future Annexation Area, $10,100,000, (excluding bonds described in Section 53364.2(e) of the California Government Code) with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”), the proceeds of which bonds will be used to acquire and/or construct certain facilities and pay for the costs of issuing the bonds and related expenses; (ii) a special tax payable solely from lands within the CFD shall be levied annually, commencing in the City’s fiscal year 2025-26, upon lands within the CFD to pay for the principal and interest upon such bonds, to pay the costs of the City in administering the CFD, and to pay for the costs of acquiring and/or constructing certain facilities and pay for certain public services; and (iii) the annual appropriations limit of the CFD shall be established in an amount equal to the bond authorization be adopted?

ITEM 10.1. ATTACHMENT 4
Resolution No. XX-2025 Page 1 of 3

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA,

STATE OF CALIFORNIA, DECLARING ELECTION RESULTS OF

CITY OF RANCHO CORDOVA THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1
WHEREAS, the City Council (the “City Council”) of the City of Rancho Cordova (the “City”) on March 17, 2025, adopted a resolution titled “A Resolution of the City Council of the City of Rancho Cordova to Form the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, Designate an Improvement Area and Future Annexation Area Therein, and to Authorize the Levy of Special Taxes in the District” (the “Resolution of Formation”), to (i) form “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”), (ii) designate therein “Improvement Area No. 1 of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” (“Improvement Area No. 1”), (iii) establish “City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (Future Annexation Area)” (the “Future Annexation Area”), (iv) authorize the levy of a special tax on property within Improvement Area No. 1 and (v) preliminarily establish an appropriations limit for Improvement Area No. 1, all pursuant to the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and
WHEREAS, the City Council has also adopted on March 17, 2025 a resolution titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Incur Bonded Indebtedness for the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 to Finance the Acquisition and Construction of Certain Public Facilities in and for Such Community Facilities District” (the “Resolution of Intention to Incur Indebtedness”), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $23,800,000, initially allocated as follows: (i) $13,700,000 for Improvement Area No. 1 upon the security of the special tax to be levied within Improvement Area No. 1 pursuant to the Act, and (ii) $10,100,000 for the portion of the CFD that is not currently in Improvement Area No. 1 upon the security of the special tax to be levied within such area pursuant to the Act; and WHEREAS, under the provisions of the Resolution of Formation and the Resolution of Intention to Incur Indebtedness, and pursuant to a resolution entitled “A Resolution of the City of Rancho Cordova Calling Special Election in City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” (the “Election Resolution”) heretofore adopted by the City Council, the propositions of the levy of the special tax, the establishment of the appropriations limit and the incurring of the bonded indebtedness were submitted to the qualified electors of the CFD as required by the provisions of the Act; and
WHEREAS, pursuant to the terms of the Election Resolution, which are by this reference incorporated herein, the special election has been held and the City Clerk has on file a Canvass and Statement of Results of Election (the “Canvass”), a copy of which is attached hereto as Exhibit A; and
WHEREAS, the City Council has reviewed the Canvass, finds it appropriate and wishes to complete its proceedings for the CFD.

ITEM 10.1. ATTACHMENT 4
Resolution No. XX-2025 Page 2 of 3

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, AS FOLLOWS:

1. The foregoing recitals are all true and correct.

2. The issues presented at the special election were the levy of a special tax within the CFD, the incurring of a bonded indebtedness and appropriations limit in the maximum aggregate principal amount of $23,800,000 initially allocated as follows: (i) $13,700,000 for Improvement Area No. 1 upon the security of the special tax to be levied within Improvement Area No. 1 pursuant to the Act, and (ii) $10,100,000 for the portion of the CFD that is not currently in Improvement Area No. 1, all pursuant to the Resolution of Formation and the Resolution of Intention to Incur Indebtedness.

3. The Council hereby approves the Canvass and finds that it shall be a permanent part of the record of its proceedings for the CFD, Improvement Area No. 1 and Future Annexation Area. Pursuant to the Canvass, the issues presented at the special election were approved by the qualified electors of the Improvement Area No. 1by more than two-thirds (2/3) of the votes cast at the special election.

4. Pursuant to the voter approval, the CFD and Improvement Area No. 1 are hereby declared to be fully formed with the authority to levy the special taxes, to incur the approved bonded indebtedness and to have the established appropriations limit, all as heretofore provided in these proceedings and in the Act. It is hereby found that all prior proceedings and actions taken by the City Council with respect to the CFD and Improvement Area No. 1 were valid and in conformity with the Act.

5. The City Council declares that the special tax is lawfully authorized, and that the subject property within the District is subject to the special tax, and directs the City Clerk to complete, execute and cause a Notice of Special Tax Lien with respect to the property within the CFD to be recorded in the office of the County Recorder of the County of Sacramento in the form required by the Act, such recording to occur no later than 15 days following adoption by the City Council of this resolution, and special taxes may thereafter be collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this City Council. Parcels within the Future Annexation Area annexed to the District by Unanimous Approval (as described in the Resolution of Formation) shall be subject to the special tax as provided in the Unanimous Approval, and the City Council further directs the City Clerk to complete, execute and cause a Notice of Special Tax Lien with respect to the annexed property upon receipt of the Unanimous Approval, to be recorded in the office of the County Recorder of the County of Sacramento in the form required by the Act, and special taxes may thereafter be collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this City Council.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova this 17th day of March 2025 by the following vote:

ITEM 10.1. ATTACHMENT 4
Resolution No. XX-2025 Page 3 of 3
AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

ITEM 10.1. ATTACHMENT 4

CERTIFICATE OF CITY CLERK
RE: ELECTION RESULTS

CITY OF RANCHO CORDOVA
THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1
I, the undersigned City Clerk of the City of Rancho Cordova (the "City") hereby certify:

I have personally received and assembled all ballots eligible to be cast in the special mailed-ballot, landowner election called by the City Council in its “A Resolution of the City Council of the City of Rancho Cordova Calling Special Election in City of Rancho Cordova The Preserve Community Facilities District No. 2025-1” adopted March 17, 2025, and in accordance with my instructions contained in that Resolution, I hereby declare the election closed.

I personally, in the presence of the City Council, and members of the public and City staff, counted the ballots and certify the result of that count to be as follows:

BALLOT MEASURE: Shall the measure pursuant to which (i) the City of Rancho Cordova shall incur an indebtedness and issue bonds in the maximum aggregate principal amount of not to exceed $23,800,000 (the “Authorization”), initially allocated as follows: (i) for Improvement Area No. 1, $13,700,000 and (ii) for the Future Annexation Area, $10,100,000, (excluding bonds described in Section 53364.2(e) of the California Government Code) with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”), the proceeds of which bonds will be used to acquire and/or construct certain facilities and pay for the costs of issuing the bonds and related expenses; (ii) a special tax payable solely from lands within the CFD shall be levied annually, commencing in the City’s fiscal year 2025-26, upon lands within the CFD to pay for the principal and interest upon such bonds, to pay the costs of the City in administering the CFD, and to pay for the costs of acquiring and/or constructing certain facilities and pay for certain public services; and (iii) the annual appropriations limit of the CFD shall be established in an amount equal to the bond authorization be adopted? QUALIFIED LANDOWNER VOTES: 37
TOTAL VOTES CAST "YES" _____
TOTAL VOTES CAST "NO" _____
TOTAL VOTES CAST _____
THE VOTES CAST "YES" EQUAL _______% OF THE TOTAL VOTES CAST.

I make this Certification on ___________, 2025.

Stacy Leitner, CMC
City Clerk

ITEM 10.1. ATTACHMENT 5
Ordinance No. XX-2025 Page 1 of 2

CITY OF RANCHO CORDOVA
ORDINANCE NO. XX-2025

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA

LEVYING A SPECIAL TAX WITHIN CITY OF RANCHO CORDOVA THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1
THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA DOES ORDAIN AS FOLLOWS:

1. Pursuant to Government Code Sections 53328 and 53340, and in accordance with the Rate and Method of Apportionment of Special Tax (the “RMA”) as shown as an exhibit to a resolution titled “A Resolution of Intention of the City Council of the City of Rancho Cordova to Form the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, Designate an Improvement Area and Future Annexation Area Therein, and to Authorize the Levy Special Taxes in the District” (“Resolution of Formation”) adopted by this City Council on March 17, 2025, and by passage of this Ordinance, the City Council hereby authorizes and levies special taxes within the City of Rancho Cordova The Preserve Community Facilities District No. 2025- 1 (the “CFD”) (including any parcels in the Future Annexation Area that annex into the CFD) and each Future Improvement Area described in the Resolution of Formation, if any, pursuant to the Act, at the rate and in accordance with the rate and method of apportionment of special tax for Improvement Area No. 1 of the CFD set forth as an exhibit to the Resolution of Formation or the rate and method of apportionment of special tax for the Future Improvement Area set forth in the Unanimous Approval(s) for such Future Improvement Area (each, a “Rate and Method”), which Resolution of Formation and Unanimous Approval(s) are by this reference incorporated herein. For Future Improvement Areas, a different rate and method may be adopted if the annexed territory is designated as a separate improvement area, as provided in the Resolution of Formation. The special taxes for the payment of Facilities are hereby authorized to be levied commencing in fiscal year 2025-26 and in each fiscal year thereafter as provided in each applicable Rate and Method. A special tax shall not be levied to finance the Facilities after the fiscal year identified in the applicable Rate and Method, except that a special tax that was lawfully levied in or before the final tax year and that remains delinquent may be collected in subsequent years.

2. The Administrative Services Director of the City is directed, with the aid of the appropriate officers and agents of the City, to implement the provisions of the RMA and to prepare each year, without further action of this City Council, the special tax roll for the District and to provide as necessary information to the Sacramento County Auditor in the form, and in the proper time, necessary to effect the proper billing and collection of the special tax on the secured property tax roll of the County, which may include a billing of the special tax for fiscal year 2025-26 without regard to the timing of the issuance of bonds for the District and the circumstance that bonds are not issued as of the date of submission to the County for billing; alternatively, pursuant to the Resolution of Formation, the special tax for fiscal year 2025-26 and subsequent years

ITEM 10.1. ATTACHMENT 5
Ordinance No. XX-2025 Page 2 of 2 may, at the option of the City, be billed directly to owners of property in the District by the Administrative Services Director of the City or other official of the City and need not be collected on the County secured property tax roll.

3. The appropriate officers and agents of the City and of the County of Sacramento are authorized to make adjustments to the special tax roll prior to the final posting of the special taxes to the County tax roll each year, as may be necessary to achieve a correct match of the special tax levy with the assessor's parcel numbers finally utilized by the County in sending out property tax bills.

4. The City agrees that the County of Sacramento may deduct its reasonable and agreed charges for collecting the special tax from the amounts collected, prior to remitting the balance of the special tax collections to the City.

5. If for any cause any portion of this ordinance is found to be invalid, or if the special tax is found inapplicable to any particular parcel by a court of competent jurisdiction, the balance of this ordinance, and the application of the special tax to the remaining parcels, shall not be affected.

6. The Mayor shall sign this Ordinance and the City Clerk shall cause the same to be published within fifteen (15) days after its passage at least once in a newspaper of general circulation published and circulated in the City.

7. This ordinance shall go into effect on the earliest day allowable by law.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the ______ day of _________ 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

ITEM 10.1. ATTACHMENT 6

CERTIFICATE OF CITY CLERK
RE: WAIVER (OF CERTAIN ELECTION REQUIREMENTS) AND CONSENT

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

SACRAMENTO COUNTY, CALIFORNIA
I, Stacy Leitner, City Clerk of the City of Rancho Cordova, hereby certify:

I have received, and now have in my possession as a permanent part of the City's record of this election, Election Waivers executed by the authorized representative of all landowner(s) to be included in City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, Sacramento County, California (the "District"), as provided by the owners of all the property in the District.

I make this Certification as of ____________, 2025.

Stacy Leitner, CMC
City Clerk

RECORDING REQUESTED BY AND
WHEN RECORDED PLEASE RETURN TO:

City Clerk
City of Rancho Cordova
2729 Prospect Park Drive
Rancho Cordova, CA 95670
Telephone: (916) 851-8720

SPACE ABOVE THIS LINE FOR RECORDER'S USE

NOTICE OF SPECIAL TAX LIEN

CITY OF RANCHO CORDOVA
THE PRESERVE COMMUNITY FACILITIES DISTRICT NO. 2025-1

COUNTY OF SACRAMENTO, STATE OF CALIFORNIA

Pursuant to the requirements of Section 3114.5 of the Streets and Highways Code and Section 53324 of the Government Code, the undersigned, City Clerk of the City of Rancho Cordova, hereby gives notice that a lien to secure payment of a special tax which the City Council of the City of Rancho Cordova, County of Sacramento, State of California is authorized to levy is hereby imposed. The special tax secured by this lien is authorized to be levied for the purpose of: paying for the facilities described in Exhibit A attached hereto including paying principal and interest on bonds, the proceeds of which are being used to finance those facilities, and including incidental expenses incurred and to be incurred in connection with the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 and the issuance of bonds.

The special tax is authorized to be levied within the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, which has now been officially formed and the lien of the special tax is a continuing lien which shall secure each annual levy of the special tax and which shall continue in force and effect until the special tax obligation is prepaid, permanently satisfied, and canceled in accordance with law, or until the special tax ceases to be levied and a notice of cessation of special tax is recorded in accordance with Section 53330.5 of the Government Code.

The rate, method of apportionment, and manner of collection of the authorized special tax is shown on Exhibit B attached hereto. Conditions under which the obligation to pay the special tax may be prepaid and permanently satisfied and the lien of the special tax canceled are as set forth in Section H of Exhibit B attached hereto.

Notice is further given that upon the recording of this notice in the office of the county recorder, the obligation to pay the special tax levy shall become a lien upon all nonexempt real property within City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, in accordance with Section 3115.5 of the Streets and Highways Code.

The names of the owners and the assessor’s tax parcel numbers of the real property included within this community facilities district and not exempt from the special tax is set forth on Exhibit C hereto.

ITEM 10.1.

ATTACHMENT 7

-2-

Reference is made to the Boundary Map of the community facilities district filed for record on February 27, 2025 i n Book 146 of Maps of Assessment and Community Facilities Districts at Page 3 in the Office of the County Recorder of the County of Sacramento as document number 2025- 02270425 of the Maps of Assessment and Community Facilities Districts, which map is now the final boundary map of the community facilities district.

For further information concerning the current and estimated future tax liability of owners or purchasers of real property subject to this special tax lien, interested persons should contact the Chief Financial Officer, City of Rancho Cordova, 2729 Prospect Park Drive, Rancho Cordova, CA 95670.

Dated: ____________, 2025

Stacy Leitner, City Clerk

EXHIBIT A - Description of Authorized Facilities
EXHIBIT B - Rate and Method of Apportionment
EXHIBIT C - Property Owners and Parcel Numbers
ITEM 10.1.

ATTACHMENT 7

EXHIBIT A

Description of Authorized Facilities

The Facilities and Services shown below are authorized to be financed by the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the, “CFD”).

Facilities

The Facilities which are proposed to be financed with the proceeds of the sales of bonds of the proposed CFD, or the payment of the fees to the appropriate jurisdiction with respect to such facilities proposed to be financed with the proceeds of the sale of bonds of the proposed CFD, are generally described as follows:

- Grantline Road & Raymer Way Traffic Signal

Impact, Development Agreement and Specific Plan Fees for Facilities

- City Transportation Impact Fee
- City Community Facilities Fee
- Sacramento County Regional Sanitation (Expansion) Fee - Sacramento County Water Agency Zone 40 Fee

Other
- Any other facilities serving substantially the same purpose as the above described facilities.

- Any other facilities permitted under the Mello -Roos Community Facilities Act of 1982, including the facilities described in Section 53313.5 of the California Government Code, as amended from time to time, provided that such facilities satisfy at least one of the following criteria: 1) augment, improve or expand existing District facilities that are primarily for the benefit of the District, or 2) repair or rehabilitate existing District facilities.

The foregoing description of the type of Facilities eligible to be financed is general in nature and includes any appurtenant work and incidental expenses related to the Facilities. The final nature and location of the facilities will be determined upon the preparation of final plans and specifications for such facilities.

Incidentals

The bond related expenses authorized include the City, underwriters discount, financial advisor, appraisals, reserve fund balance, capitalized interest, bond counsel, disclosure counsel, special tax consultant, bond and official statement printing and all other incidental expenses.

CFD formation costs and administrative fees include those of the City, the CFD, the bond trustee or fiscal agent, legal counsel, the special tax consultant and other costs related to the CFD or the Bonds.

ITEM 10.1.

ATTACHMENT 7

EXHIBIT B

Rate and Method of Apportionment

ITEM 10.1.

ATTACHMENT 7

I
A No. 1, The Preserve CFD No. 2025-1 1 December 20, 2024 IMPROVEMENT AREA NO. 1

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
A S
pecial Tax applicable to each Assessor’s Parcel in Improvement Area No. 1 of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 shall be levied and collected according to the tax liability determined by the City Council through the application of the appropriate amount or rate for Taxable Property, as described below. All of the property in Improvement Area No. 1, unless exempted by law or by the provisions of Section G below, shall be taxed for the purposes, to the extent, and in the manner herein provided, including property subsequently annexed to Improvement Area No. 1.

A. DEFINITIONS
T
he terms hereinafter set forth have the following meanings:
“
Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on an Assessor’s Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable Final Map or other parcel map recorded at the County Recorder’s Office. “
Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, (commencing with Section 53311), Part 1, Division 2 of Title 5 of the Government Code of the State of California.
“
Administrative Expenses” means any or all of the following: the fees and expenses of any fiscal agent or trustee (including any fees or expenses of its counsel) employed in connection with any Bonds, and the expenses of the City in carrying out its duties with respect to Improvement Area No. 1, the CFD and the Bonds, including, but not limited to, the levy and collection of Special Taxes, the fees and expenses of its counsel, charges levied by the County in connection with the levy and collection of Special Taxes, costs related to property owner inquiries regarding the Special Tax, costs associated with appeals or requests for interpretation associated with the Special Tax and this RMA, amounts needed to pay rebate to the federal government with respect to Bonds, costs associated with complying with continuing disclosure requirements for the City and any major property owners or other obligated parties, costs associated with foreclosure and collection of delinquent Special Taxes, and all other costs and expenses of the City and County in any way related to the establishment or administration of Improvement Area No. 1 and the CFD. “
Administrator” shall mean the person or firm designated by the City to administer the Special Tax according to this RMA.
“
Assessor’s Parcel” or “Parcel” means a lot or parcel shown on an Assessor’s Parcel Map with an assigned Assessor’s Parcel number.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 2 December 20, 2024 “Assessor’s Parcel Map” means an official map of the County Assessor designating Parcels by Assessor’s Parcel Number.

“Authorized Facilities” means the public facilities authorized to be financed, in whole or in part, by the CFD.

“Base Special Tax” means, for any Land Use Category, the applicable Special Tax initially identified in Table 1 in Section C, as may be adjusted pursuant to Sections D or H herein.

“Bonds” means bonds or other debt (as defined in the Act), whether in one or more series, secured by the Special Tax and issued or assumed by or for Improvement Area No. 1 to fund Authorized Facilities.

“Building Permit” means a permit that allows for vertical construction of a building or buildings, which shall not include a separate permit issued for construction of the foundation thereof.

“Capitalized Interest” means funds in any capitalized interest account available to pay debt service on Bonds.

“CFD” means the City of Rancho Cordova The Preserve Community Facilities District No. 2025-

1. “CFD Formation” means the date on which the Resolution of Formation to form the CFD and to designate Improvement Area No. 1 was adopted by the City Council.

“City” means the City of Rancho Cordova.

“City Council” means the City Council of the City of Rancho Cordova.

“County” means the County of Sacramento.

“Developed Property” means, in any Fiscal Year, all Parcels of Taxable Property that are not Taxable Owners Association Property , Taxable Public Property , or Taxable Welfare Exemption Property for which a Bu ilding P ermit for new construction was issued prior to June 1 of the preceding Fiscal Year.

“Development Class” means, individually, Developed Property, Final Map Property, Undeveloped Property, Taxable Owners Association Property, Taxable Public Property, and Taxable Welfare Exemption Property.

“Expected Land Uses” means the number of Residential Units and the Acreage of Other Property expected within Improvement Area No. 1 at CFD Formation, as identified in Attachments 1 and 2 of this RMA. Pursuant to Section D of this RMA, the Administrator shall update Attachment 2 each time there is a Land Use Change. Such update (s) shall be maintained internally by the Administrator and shall not require recordation of an amended RMA.

“Expected Maximum Special Tax Revenues” means the aggregate Special Tax that can be levied based on application of the Base Special Tax to the Expected Land Uses. The Expected ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 3 December 20, 2024 Maximum Special Tax Revenues at CFD Formation are shown in Attachment 2 and may be revised pursuant to Sections D or H herein . Such update (s) will be maintained internally by the Administrator and will not require recordation of an amended RMA.

“Final Map” means a final map, or portion thereof, approved by the City pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq) that creates SFD Lots.

The term “Final Map” shall not include any large-lot subdivision map, Assessor’s Parcel Map, or subdivision map or portion thereof, that does not create SFD Lots, including Assessor’s Parcels that are designated as remainder parcels.

“Final Map Property” means, in any Fiscal Year, all SFD Lots created within Final Map s that had recorded prior to June 30 of the preceding Fiscal Year and which have not yet become Developed Property.

“First Bond Sale” means issuance of the first series of Bonds secured, in whole or in part, by Special Taxes levied and collected from Parcels of Taxable Property in Improvement Area No. 1.

“Fiscal Year” means the period starting July 1 and ending on the following June 30.

“Improvement Area No. 1” means Improvement Area No. 1 of the CFD.

“Improvement Fund” means the account (regardless of its name) identified in the Indenture to hold funds that are available for expenditure to acquire or construct Authorized Facilities.

“Indenture” means the bond indenture, fiscal agent agreement, trust agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended, and/or supplemented from time to time, and any instrument replacing or supplementing the same.

“Land Use Category” means, individually, Single Family Property or Other Property.

“Land Use Change” means a proposed or approved change to the Expected Land Uses after CFD Formation.

“Master Developer” means Lennar Homes of California, a Limited Liability Company, and its successors and assigns.

“Maximum Special Tax” means the greatest amount of Special Tax that can be levied on a Parcel in any Fiscal Year, as determined in accordance with Sections C and D below.

“Other Property” means any Parcel of Developed Property in Improvement Area No. 1 that does not fit within the definition of Single Family Property.

“Owners Association” means a homeowners association or property owners association that provides services to, and collects assessments, fees, dues, or charges from, property within Improvement Area No. 1.

“Owners Association Property” means any property within the boundaries of Improvement Area No. 1 that is owned in fee or by easement by an Owners Association, not including any such property that is located directly under a residential structure.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 4 December 20, 2024

“Proportionately” means, for each Development Class, that the ratio of the actual Special Tax levied in any Fiscal Year to the Maximum Special Tax authorized to be levied in that Fiscal Year is equal for all parcels assigned to the Development Class.

“Public Property” means any property within the boundaries of Improvement Area No. 1 that is owned by the City, federal government, State of California or other public agency.

“Required Coverage” means the amount by which the Expected Maximum Special Tax Revenues must exceed the Bond debt service and priority Administrative Expenses (if any), as set forth in the Indenture, Certificate of Special Tax Consultant, or other formation or bond document that identifies the minimum required debt service coverage.

“Residential Unit” means an SFD Unit or an individual residential unit within a duplex, halfplex, triplex, fourplex, townhome, or live/work or condominium structure. A second unit (granny flat) that shares a Parcel with an SFD Unit will not be considered a Residential Unit for purposes of levying the Special Tax.

“RMA” means this Rate and Method of Apportionment of Special Tax.

“SFD Lot” means an individual residential lot, identified and numbered on a recorded Final Map, on which a Building Permit has been or is permitted to be issued for construction of an SFD Unit without further subdivision of the lot and for which no further subdivision of the lot is anticipated pursuant to an approved Tentative Map.

“SFD Unit” means a residential unit that does not share a common wall with another residential unit.

“Single Family Property” means, in any Fiscal Year, all Parcels of Taxable Property for which a Building P ermit was or is expected to be issued for : (i) construction of a n SFD Unit , or (ii) construction of a residential structure consisting of two or more Residential Units that share common walls, have separate Assessor’s Parcel numbers assigned to them (except for a duplex unit, which may share an Assessor’s Parcel with another duplex unit), and may be purchased by individual homebuyers (which shall still be the case even if the Residential Units are purchased and subsequently offered for rent by the owner s of the Residential U nits), including such residential structures that meet the statutory definition of a condominium contained in Civil Code Section 4125.

“Special Tax” means a special tax levied in any Fiscal Year on Parcels in Improvement Area No.1 to pay the Special Tax Requirement.

“Special Tax Requirement” means the amount necessary in any Fiscal Year to: (i) pay principal and interest on Bonds that are due in the calendar year that begins in such Fiscal Year; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement, liquidity support and rebate payments on the Bonds; (iii) replenish reserve funds created for the Bonds under the Indenture to the extent such replenishment has not been included in the computation of the Special Tax Requirement in a previous Fiscal Year; (iv) cure any delinquencies in the payment of principal or interest on Bonds which have occurred in the prior Fiscal Year or, based on prior delinquencies, ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 5 December 20, 2024 are expected to occur in the current Fiscal Year ; (v) pay Administrative Expenses; and (vi) pay directly for Authorized Facilities, so long as such levy under this clause (vi) does not increase the Special Tax levied on Final Map Property or Undeveloped Property. The amounts referred to in clauses (i) and (ii) of the definition of Special Tax Requirement may be reduced in any Fiscal Year by: (a) interest earnings on or surplus balances in funds and accounts for the Bonds to the extent that such earnings or balances are available to apply against such costs pursuant to the Indenture; (b) in the sole and absolute discretion of the City, proceeds received by the CFD from the collection of penalties associated with delinquent Special Taxes; and (c) any other revenues available to pay such costs, each as determined in the sole discretion of the City.

“Tax Zone” means a mutually exclusive geographic area within which Special Taxes may be levied pursuant to this RMA. If, in any Fiscal Year, there is any doubt as to the Tax Zone within which a Parcel i s located, the Administrator shall work with the C ity to make the final determination.

“Tax Zone 1” means that geographic area designated as Tax Zone 1 in Attachment 1 hereto.

“Tax Zone 2” means that geographic area designated as Tax Zone 2 in Attachment 1 hereto.

“Tax Zone 3” means that geographic area designated as Tax Zone 3 in Attachment 1 hereto.

“Tax Zone 4” means that geographic area designated as Tax Zone 4 in Attachment 1 hereto.

“Taxable Owners Association Property” means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i) the Parcel had not been Owners Association Property on the date of the First Bond Sale, (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Owners Association Property as determined by the Administrator, and (iii) if the Parcel were to be exempt from the Special Tax because it is Owners Association Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

“Taxable Property” means all Parcels within the boundaries of Improvement Area No. 1 that are not exempt from the Special Tax pursuant to law or Section G below.

“Taxable Public Property ” means in any Fiscal Year after the F irst Bond Sale, any Parcel of Public Property that satisfies all three of the following conditions: (i) the Parcel had not been Public Property on the date of the First Bond Sale, (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Public Property as determined by the Administrator, and (iii) if the Parcel were to be exempt from the Special Tax because it is Public Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

“Taxable Welfare Exemption Property” means in any Fiscal Year after the First Bond Sale, any Parcel of Welfare Exemption Property that satisfies all three of the following conditions: (i) the Parcel had not been Welfare Exemption Property on the date of issuance of the First Bond Sale; (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D herein), the Parcel was not anticipated to be Welfare Exemption Property based on the Expected Land ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 6 December 20, 2024 Uses, as determined by the Administrator; and (iii) if the Parcel were to be exempt from the Special Tax because it has become Welfare Exemption Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

“Tentative Map” means a tentative map or substantial conformance exhibit for property in Improvement Area No. 1, including any adjustments or amendments thereto.

“Undeveloped Property” means, in any Fiscal Year, all Parcels of Taxable Property that are not Developed Property, Final Map Property, Taxable Welfare Exemption Property, Taxable Owners Association Property, or Taxable Public Property, as defined herein.

“Welfare Exemption Property” means, in any Fiscal Year, any Parcels in Improvement Area No. 1 that have received a welfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code and for which such welfare exemption is still in place.

B. DATA FOR ADMINISTRATION OF THE SPECIAL TAX

Each Fiscal Year, the Administrator shall: (i) assign each Parcel of Taxable Property to the appropriate Tax Zone and the appropriate Development Class; (ii) for Developed Property, categorize each Parcel as Single Family Property or Other Property; (iii) for Other Property, determine the Acreage of each Parcel; and ( iv) determine the Special Tax Requirement for the Fiscal Year. In addition, the Administrator shall, on an ongoing basis, monitor the Tentative Map, Final Maps, and Building Permits to determine if there are any proposed Land Use Changes that would change the Expected Maximum Special Tax Revenues. If the Expected Maximum Special Tax Revenues will be revised pursuant to a proposed Land Use Change, the Administrator shall apply the steps set forth in Section D below.

In any Fiscal Year, if it is determined that: (i) a parcel map for property in Improvement Area No. 1 was recorded after January 1 of the prior Fiscal Year (or any other date after which the Assessor will not incorporate the newly- created Parcels into the then current tax roll), (ii) because of the date the parcel map was recorded, the Assessor does not yet recognize the new Parcels created by the parcel map, and (iii) one or more of the newly- created Parcels is in a different Development Class and/or Land Use Category than other Parcels created by the subdivision, the Administrator shall calculate the Special Taxes for the property affected by recordation of the parcel map by determining the Special Taxes that apply separately to the property within each Development Class and/or Land Use Category , then applying the sum of the individual Special Taxes to the Parcel that was subdivided by recordation of the parcel map.

C. MAXIMUM SPECIAL TAX

1. Developed Property and Final Map Property

The Maximum Special Tax for a Parcel of Developed Property or Final Map Property is the greater of (i) the Base Special Tax set forth in Table 1 below, or, (ii) the Maximum Special Tax determined pursuant to Section D.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 7 December 20, 2024 Table 1
Base Special Tax
Developed Property and Final Map Property

Tax Zone Land Use Category
Base Special Tax
Fiscal Year 2024-25 *
Tax Zone 1 Single Family Property
Other Property
$1,156 per Residential Unit or SFD Lot
$13,810 per Acre
Tax Zone 2 Single Family Property
Other Property
$1,436 per Residential Unit or SFD Lot
$16,130 per Acre
Tax Zone 3 Single Family Property
Other Property
$1,430 per Residential Unit or SFD Lot
$14,350 per Acre
Tax Zone 4 Single Family Property
Other Property
$1,970 per Residential Unit or SFD Lot
$18,120 per Acre

* On July 1, 2025, and on each July 1 thereafter, all figures shown in Table 1 above shall be increased by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

2. Undeveloped Property, Taxable Owners Association Property, Taxable Public Property , and Taxable Welfare Exemption Property

The Maximum Special Tax for Und eveloped Property, Taxable Owners Association Property, Taxable Public Property, and Taxable Welfare Exemption Property are provided in Table 2 below.

Table 2
Maximum Special Tax
Undeveloped Property, Taxable Owners Association Property, Taxable Public Property, Taxable Welfare Exemption Property

Tax Zone
Maximum Special Tax
Fiscal Year 2024-25 *
Tax Zone 1 $13,810 per Acre
Tax Zone 2 $16,130 per Acre
Tax Zone 3 $14,350 per Acre
Tax Zone 4 $18,120 per Acre

* On July 1, 2025, and on each July 1 thereafter, all figures shown in Table 2 above shall be increased by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 8 December 20, 2024 D. C HANGES TO THE MAXIMUM SPECIAL TAX

1. Land Use Changes

The Expected Maximum Special Tax Revenues shown in Attachment 2 were originally calculated based on the Expected Land Uses at CFD Formation. Attachment 2 is subject to modification upon the occurrence of Land Use Changes, as described below. The Administrator shall review all Land Use Changes and compare the revised land uses to the Expected Land Uses to evaluate the impact on the Expected Maximum Special Tax Revenues.

Prior to the First Bond Sale, if a Land Use Change is proposed or identified that will result in a change in the Expected Maximum Special Tax Revenues, no action will be needed pursuant to this Section D. Upon approval of the Land Use Change, the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues.

After the First Bond Sale, if a Land Use Change is proposed or identified, Steps 1 through 3 must be applied:

Step 1: By reference to Attachment 2 (which shall be updated by the Administrator each time a Land Use Change has been processed according to this Section D or a prepayment has been made), the Administrator shall identify the Expected Maximum Special Tax Revenues prior to the Land Use Change.

Step 2: The Administrator shall calculate the Expected Maximum Special Tax Revenues that could be collected from Taxable Property in Improvement Area No. 1 after the Land Use Change based on application of the Base Special Taxes from Table

1. Step 3: If the revenues calculated in Step 2 are (i) higher than those determined in Step 1 or (ii) less than those calculated in Step 1, but the reduction in Expected Maximum Special Tax Revenues does not reduce debt service coverage on outstanding Bonds below Required Coverage, no further action is needed, and the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues.

If the revenues calculated in Step 2 are less than those calculated in Step 1, and the Administrator determines that the reduction in Expected Maximum Special Tax Revenues would reduce debt service coverage on outstanding Bonds below the Required Coverage, one of the following shall occur:

3.a. The landowner requesting the Land Use Change (the “Requesting Landowner”) may make a prepayment in an amount that will ensure that the reduced Expected Maximum Special Tax Revenues are sufficient to provide Required Coverage, as determined pursuant to Section H below. If the Requesting Landowner notifies the Administrator that he/she would like to remedy the reduction by making a prepayment, such prepayment must be made by the earlier of (i) 30 days from the date of delivery of the prepayment estimate or (ii) the date of issuance of any Building Permits for any Parcel owned by the ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 9 December 20, 2024 Requesting Landowner that was Final Map Property or Undeveloped Property at the time the Administrator prepared the prepayment estimate, or

3.b. If a prepayment is not received by the due date specified above, the Base Special Tax used to determine the Maximum Special Tax for each Parcel of Taxable Property in the area affected by the Land Use Change shall be increased proportionately until the Expected Maximum Special Tax Revenues are sufficient to maintain Required Coverage.

Pursuant to this Section D.3, the Administrator may from time to time update Attachment 2 to reflect revised Expected Maximum Special Tax Revenues. Such update shall be maintained internally by the Administrator and shall not require recordation of an amended RMA.

If multiple Land Use Changes are proposed simultaneously by a single landowner (which may include approval of multiple Final Maps at one time), and the landowner requests that the impact of two or more of the Land Use Changes be considered together, the Administrator shall consider the combined effect of the Land Use Changes to determine if there is a reduction in Expected Maximum Special Tax Revenues. If there is a reduction that would reduce debt service coverage below the Required Coverage, and no prepayment has been received, then the Base Special Tax used to determine the Maximum Special Tax for each Parcel of Taxable Property in the areas affected by the Land Use Changes shall be increased proportionately until the aggregate amount that can be levied within such areas is equal to the amount that could have been levied prior to the proposed Land Use Changes. If Land Use Changes are proposed simultaneously by multiple landowners, or if an individual landowner proposing multiple Land Use Changes does not request that such Land Use Changes be considered together, the Administrator shall consider the proposed Land Use Changes individually.

Notwithstanding the foregoing, once a certificate of occupancy has been issued for a Residential Unit on a Parcel, the Maximum Special Tax for the Parcel cannot be increased because of subsequent Land Use Changes that may occur within the area in which the Parcel is located.

The duties imposed on the Administrator pursuant to this Section D to review Land Use Changes, and to review Final Maps and make certain calculations, are intended only to facilitate the administration of the Special Tax and to better assure the sufficiency of tax capacity to pay debt service on Bonds. Such duties are not intended to give any developer, subdivider, or owner of property the right to receive notice of the potential impact of Land Use Changes on the Special Tax applicable to a Parcel; and each developer, subdivider, or owner of property whose property is the subject of a Land Use Change shall be responsible for understanding the impact thereof on the Special Tax applicable to such property.

2. Partial Prepayments

If a Parcel makes a partial prepayment pursuant to Section H below, the Administrator shall recalculate the Maximum Special Tax for the Parcel pursuant to Section H.2. In addition, the Administrator shall update Attachment 2 to reflect the prepayment and the revised Expected Maximum Special Tax Revenues for Improvement Area No. 1. After the prepayment has been received, the application of Sections D and H of this RMA shall be based on the adjusted Expected Maximum Special Tax Revenues after the prepayment.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 10 December 20, 2024

3. Conversion of a Parcel of Public Property to Private Use

If, in any Fiscal Year, a Parcel of Public Property is converted to private use, such Parcel shall be subject to the levy of the Special Tax. The Maximum Special Tax for each such Parcel shall be determined based on the applicable Base Special Tax for the Parcel, as determined by the Administrator. In addition, the Administrator shall update Attachment 2 to reflect the conversion and the revised Expected Maximum Special Tax Revenues for Improvement Area No. 1.

4. Reduction in Maximum Special Tax

The Base Special Tax for Residential Units set forth in Table 1 may be reduced prior to the First Bond Sale. Such a reduction shall be made without a vote of the qualified CFD electors if the Master Developer requests a reduction in the Base Special Tax. Any such reduction shall occur at least 30 days prior to the First Bond Sale. Such reductions to the Base Special Tax need not be proportionate among the Tax Zones and/or Land Use Categories.

E. METHOD OF LEVY OF THE SPECIAL TAX

Each Fiscal Year, the Administrator shall determine the Special Tax Requirement to be collected in that Fiscal Year. A Special Tax shall then be levied according to the following steps:

Step 1: T he Special Tax shall be levied Proportionately on each Parcel of Developed Property up to 100% of the Maximum Special Tax for each Parcel of Developed Property until the amount levied is equal to the Special Tax Requirement prior to applying any Capitalized Interest that is available in the CFD accounts.

Step 2: If additional revenue is needed after Step 1 in order to meet the Special Tax Requirement after Capitalized Interest has been applied to reduce the Special Tax Requirement, the Special Tax shall be levied Proportionately on each Parcel of Final Map Property up to 100% of the Maximum Special Tax for each Parcel of Final Map Property until the amount levied is equal to the Special Tax Requirement.

Step 3: If additional revenue is needed after Step 2, the Special Tax shall be levied Proportionately on each Parcel of Undeveloped Property up to 100% of the Maximum Special Tax for each Parcel of Undeveloped Property until the amount levied is equal to the Special Tax Requirement.

Step 4: If additional revenue is needed after Step 3, the Special Tax shall be levied Proportionately on each Parcel of Taxable Welfare Exemption Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Welfare Exemption Property for such Fiscal Year until the amount levied is equal to the Special Tax Requirement.

Step 5: If additional revenue is needed after Step 4, the Special Tax shall be levied Proportionately on each Parcel of Taxable Owners Association Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Owners Association Property until the amount levied is equal to the Special Tax Requirement.

ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 11 December 20, 2024

Step 6: If additional revenue is needed after Step 5, the Special Tax shall be levied Proportionately on each Parcel of Taxable Public Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Public Property until the amount levied is equal to the Special Tax Requirement.

F. MANNER OF COLLECTION OF SPECIAL TAX

The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that prepayments are permitted as set forth in Section H below and provided further that the City may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner, and may collect delinquent Special Taxes through foreclosure or other available methods.

The Special Tax shall be levied and collected until principal and interest on Bonds have been repaid. However, in no event shall Special Taxes be levied after Fiscal Year 2064-65. Under no circumstances may the Special Tax on a Parcel of Developed Property in residential use be increased in any Fiscal Year as a consequence of delinquency or default in payment of the Special Tax levied on another Parcel or Parcels by more than ten percent (10%) above the amount that would have been levied in that Fiscal Year had there never been any such delinquencies or defaults.

G. EXEMPTIONS

Notwithstanding any other provision of this RMA, no Special Tax shall be levied in any Fiscal Year on the following:

(1) Public Property, except Taxable Public Property.

(2) Owners Association Property, except Taxable Owners Association Property.

(3) Welfare Exemption Property, except Taxable Welfare Exemption Property.

(4) Parcels that are owned by a public utility for an unmanned facility.

(5) Parcels that are subject to an easement that precludes any other use on the Parcel.

(6) Parcels that have fully prepaid the Special Tax obligation assigned to the Parcel pursuant to the formula set forth in Section H below.

H. PREPAYMENTS

The following definitions apply to this Section H:

“Outstanding Bonds” means all Previously Issued Bonds which remain outstanding, with the following exception: if a Special Tax has been levied against, or already paid by, an ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 12 December 20, 2024 Assessor’s Parcel making a prepayment, and a portion of the Special Tax will be used to pay a portion of the next principal payment on the Bonds that remain outstanding (as determined by the Administrator), that next principal payment shall be subtracted from the total Bond principal that remains outstanding, and the difference shall be used as the amount of Outstanding Bonds for purposes of this prepayment formula.

“Previously Issued Bonds” means all Bonds that have been issued prior to the date of prepayment.

“Public Facilities Requirement” means either $5.6 million in 2025 dollars, which shall increase on January 1, 2026, and on each January 1 thereafter by 2% of the amount in effect in the prior year or such other number as shall be determined by the City as sufficient to fund improvements that are authorized to be funded by Improvement Area No. 1. The Public Facilities Requirement shown above may be adjusted each time property annexes into Improvement Area No. 1 or there is an adjustment to the Expected Maximum Special Tax Revenues due to a Land Use Change.

“Remaining Facilities Costs” means the Public Facilities Requirement minus public facility costs funded by Previously Issued Bonds or Special Taxes, which amount shall not be less than $0.

1. Full Prepayment

The Special Tax obligation applicable to a Parcel in Improvement Area No. 1 may be prepaid and the obligation of the Parcel to pay the Special Tax permanently satisfied as described herein, provided that a prepayment may be made only if there are no delinquent Special Taxes with respect to such Parcel at the time of prepayment. An owner of a Parcel intending to prepay the Special Tax obligation shall provide the City with written notice of intent to prepay. Within 30 days of receipt of such written notice, the City or its designee shall notify such owner of the prepayment amount for such Parcel. Prepayment must be made not less than 75 days prior to any redemption date for Bonds to be redeemed with the proceeds of such prepaid Special Taxes. The Prepayment Amount shall be calculated as follows: (capitalized terms as defined below):

Bond Redemption Amount
plus R emaining Facilities Amount
plus Redemption Premium
plus Defeasance Requirement
plus Administrative Fees and Expenses
less Reserve Fund Credit
equals Prepayment Amount

As of the proposed date of prepayment, the Prepayment Amount shall be determined by application of the following steps:

Step 1. Compute the amount that could be collected from the Parcel prepaying the Special Tax in the Fiscal Year in which prepayment would be received by the City by applying the Base Special Tax to the Expected Land Uses for the Parcel. If this Section H is being applied to calculate a prepayment ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 13 December 20, 2024 pursuant to Section D above, compute the amount by which the proposed Land Use Change would reduce Expected Maximum Special Tax Revenues below the amount needed for Required Coverage, and use this amount for purposes of this Step 1.

Step 2. Divide the Maximum Special Tax computed pursuant to Step 1 for such Parcel by the total Expected Maximum Special Tax Revenues for all property in Improvement Area No. 1, as shown in Attachment 2.

Step 3. Multiply the quotient computed pursuant to Step 2 by the Outstanding Bonds to compute the amount of Outstanding Bonds to be retired and prepaid (the “Bond Redemption Amount”).

Step 4. Compute the current Remaining Facilities Costs (if any).

Step 5. Multiply the quotient computed pursuant to Step 2 by the amount determined pursuant to Step 4 to compute the amount of Remaining Facilities Costs to be prepaid (the “Remaining Facilities Amount”).

Step 6. Multiply the Bond Redemption Amount computed pursuant to Step 3 by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

Step 7. Compute the amount needed to pay interest on the Bond Redemption Amount starting with the first Bond interest payment date after which the prepayment will be received and which has not been included in a tax levy until the next earliest redemption date for the Outstanding Bonds. However, if Bonds are callable at the first interest payment date after the prepayment has been received, Steps 7, 8 and 9 of this prepayment formula will not apply.

Step 8: Compute the amount of interest the City reasonably expects to derive from reinvestment of the Bond Redemption Amount plus the Redemption Premium from the first Bond interest payment date after which the prepayment has been received and which has not been included in a tax levy until the next earliest redemption date for the Outstanding Bonds.

Step 9: Subtract the amount computed pursuant to Step 8 from the amount computed pursuant to Step 7 (the “Defeasance Requirement”).

Step 10. The administrative fees and expenses associated with the prepayment will be determined by the Administrator and include the costs of computing the prepayment, redeeming Bonds and recording any notices to evidence the prepayment and the redemption (the “ Administrative Fees and Expenses”).

Step 11. If and to the extent so provided in the Indenture, a reserve fund credit shall be calculated as a reduction in the applicable reserve fund for the ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 14 December 20, 2024 Outstanding Bonds to be redeemed pursuant to the prepayment (the “Reserve Fund Credit”).

Step 12. The Special Tax prepayment is equal to the sum of the amounts computed pursuant to Steps 3, 5, 6, 9, and 10, less the amount computed pursuant to Step 11 (the “Prepayment Amount”).

Step 13. From the Prepayment Amount, the amounts computed pursuant to Steps 3, 6, and 9 shall be deposited into the appropriate fund as established under the Indenture and be used to retire Outstanding Bonds or make debt service payments. The amount computed pursuant to Step 5 shall be deposited into the Improvement Fund. The amount computed pursuant to Step 10 shall be retained in the account or fund that is established to pay Administrative Expenses.

Once a full prepayment of a Parcel’s Special Tax obligation has been received, a Notice of Cancellation of Special Tax Lien shall be recorded against the Parcel to reflect the discharge of the Parcel’s obligation to pay the Special Tax. However, a Notice of Cancellation of Special Tax Lien shall not be recorded until all Special Taxes levied on the Parcel in the current or prior Fiscal Years have been collected.

2. Partial Prepayment

A partial prepayment may be made in an amount equal to any percentage of full prepayment desired by the party making a partial prepayment, except that the full amount of Administrative Fees and Expenses determined in Step 10 shall be included in the partial prepayment. The Maximum Special Tax that can be levied on a Parcel after a partial prepayment is made shall be equal to the portion of the Maximum Special Tax that was not prepaid. Once a partial prepayment has been received, an Amended Notice of Special Tax Lien shall be recorded against the Parcel to reflect the reduced Special Tax lien for the Parcel, and the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues. However, an Amended Notice of Special Tax Lien shall not be recorded until all Special Taxes levied on the Parcel in the current or prior Fiscal Years have been collected.

3. Maintaining Required Coverage

Notwithstanding the foregoing, if at any point in time the Administrator determines that the Maximum Special Tax revenue that could be collected from Taxable Property that remains subject to the Special Tax after the proposed prepayment would be less than the Required Coverage on Bonds that will remain outstanding after defeasance or redemption of Bonds from proceeds of the estimated prepayment, the amount of the prepayment shall be increased until the amount of Bonds defeased or redeemed is sufficient to reduce remaining annual debt service to a point at which Required Coverage is maintained.

I. INTERPRETATION OF RMA

Interpretations may be made by Resolution of the City Council to interpret, clarify, and/or revise ITEM 10.1.

ATTACHMENT 7

IA No. 1, The Preserve CFD No. 2025-1 15 December 20, 2024 this RMA to correct any inconsistency, vagueness, or ambiguity as it relates to the Special Tax, method of apportionment, classification of properties, or any definition applicable to Improvement Area No. 1 of the CFD, as long as such correction does not materially affect the levy and collection of Special Taxes. The City, upon the request of an owner of land within Improvement Area No. 1 which is not Developed Property, may also amend this RMA in any manner acceptable to the City, by resolution or ordinance following a public hearing, upon the affirmative vote of such owner to such amendment and without the vote of owners of any other land within Improvement Area No. 1, provided such amendment only affects such owner's land. Under no circumstances may such revisions to the RMA decrease the Expected Maximum Special Tax Revenues to a level that will reduce debt service coverage below the Required Coverage.

ITEM 10.1.

ATTACHMENT 7

ATTACHMENT 1

Improvement Area No. 1
City of Rancho Cordova
The Preserve
Community Facilities District No. 2025-1

Identification of Tax Zones and Expected Lot Layout
in Improvement Area No. 1

ITEM 10.1.

ATTACHMENT 7

IMPROVEMENT AREA NO. 1 OF THE PRESERVE CFD 2025-1

IDENTIFICATION OF TAX ZONES AND EXPECTED LAYOUT

ITEM 10.1.

ATTACHMENT 7

ATTACHMENT 2

Improvement Area No. 1
City of Rancho Cordova
The Preserve
Community Facilities District No. 2025-1

Expected Land Uses and Expected Maximum Special Tax Revenues

Tax Zone
Land Use
Category
Expected
Residential
Units/Acreage
Base Special Tax
(FY 2024-25) *
Expected
Maximum Special
Tax Revenues
(FY 2024-25) *
Tax Zone 1 Single Family Property
Other Property
100 Residential Units
0 Acres
$1,156 per Residential Unit
$13,810 per Acre $115,600
Tax Zone 2
Single Family Property
Other Property
30 Residential Units
0 Acres
$1,436 per Residential Unit
$16,130 per Acre $43,080
Tax Zone 3
Single Family Property
Other Property
56 Residential Units
0 Acres
$1,430 per Residential Unit
$14,350 per Acre $80,080
Tax Zone 4
Single Family Property
Other Property
73 Residential Units
0 Acres
$1,970 per Residential Unit
$18,120 per Acre $143,810
Expected Maximum Special Tax Revenues (FY 2024-25 $) $382,570

* On July 1, 2025, and each July 1 thereafter, all dollar amounts shown above shall be increased by two percent (2%) of the amount in effect in the prior Fiscal Year.

ITEM 10.1.

ATTACHMENT 7

C-1

EXHIBIT C

Property Owners and Assessor Parcel Numbers

Owner Name Assessor's Parcel
Numbers
LENNAR HOMES OF CALIFORNIA, LLC 072-4460-003-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4460-004-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4460-005-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4460-006-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-070-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-071-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-074-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-075-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-002-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-003-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-004-0000
LENNAR HOMES OF CALIFORNIA, LLC 072-4440-005-0000

TPG AG EHC III (LEN) CA 1 L.P. 072-4440-001-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-006-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-007-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-008-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-009-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-010-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-011-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-012-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-013-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-014-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-015-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-016-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-017-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-018-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-019-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-020-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-021-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-022-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-023-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-024-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-025-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-026-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-027-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-028-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-029-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-030-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-031-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-032-0000
ITEM 10.1.

ATTACHMENT 7

C-2
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-033-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-034-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-035-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-036-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-037-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-038-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-039-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-040-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-041-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-042-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-043-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-044-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-045-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-046-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-047-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-048-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-049-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-050-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-051-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-052-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-053-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-054-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-055-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-056-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-057-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-058-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-059-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-060-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-061-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-062-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-063-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-064-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-065-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-066-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-067-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-068-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-069-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-072-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-073-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4440-076-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-001-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-002-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-003-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-004-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-005-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-006-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-007-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-008-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-009-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-010-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-011-0000
ITEM 10.1.

ATTACHMENT 7

C-3
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-012-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-013-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-014-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-015-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-016-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-017-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-018-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-019-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-020-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-021-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-022-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-023-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-024-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-025-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-026-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-027-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-028-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-029-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-030-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-031-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-032-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-033-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-034-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-035-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-036-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-037-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-038-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-039-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-040-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-041-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-042-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-043-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-044-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-045-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-046-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-047-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-048-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-049-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-050-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-051-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-052-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-053-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-054-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-055-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-056-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-057-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-058-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-059-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-060-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4450-061-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-001-0000
ITEM 10.1.

ATTACHMENT 7

C-4
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-002-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-007-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-008-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-009-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-010-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-011-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-012-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-013-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-014-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-015-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-016-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-017-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-018-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-019-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-020-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-021-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-022-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-023-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-024-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-025-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-026-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-027-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-028-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-029-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-030-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-031-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-032-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-033-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-034-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-035-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-036-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-037-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-038-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-039-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-040-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-041-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-042-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-043-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-044-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-045-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-046-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-047-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-048-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-049-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-050-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-051-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-052-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-053-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-054-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-055-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-056-0000
ITEM 10.1.

ATTACHMENT 7

C-5
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-057-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-058-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-059-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-060-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-061-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-062-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-063-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-064-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-065-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-066-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-067-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-068-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-069-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-070-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-071-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-072-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-073-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-074-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-075-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-076-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-077-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-078-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-079-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-080-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-081-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-082-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-083-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-084-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-085-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-086-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-087-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-088-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-089-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-090-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-091-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-092-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-093-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-094-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-095-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-096-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-097-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-098-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-099-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-100-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-101-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-102-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-103-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-104-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-105-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-106-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-107-0000
ITEM 10.1.

ATTACHMENT 7

C-6
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-108-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-109-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-110-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-111-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-112-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-113-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-114-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-115-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-116-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-117-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-118-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-119-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-120-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-121-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-122-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-123-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-124-0000
TPG AG EHC III (LEN) CA 1 L.P. 072-4460-125-0000

ITEM 10.1.

ATTACHMENT 7

CI

TY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1
CO

MMUNITY FACILITIES DISTRICT REPORT
CO
NTENTS
I
ntroduction
A. De
scription of Facilities
B. C
ost Estimates
C
. Proposed Boundaries of the Community Facilities District D
. R ate and Method of Apportionment of Special Tax
E
. Issuance of Bonds
* * * * * * * * * * * *
Ex
hibit A – Description of the Proposed Facilities
Ex
hibit B – Cost Estimates
Ex
hibit C – Rate and Method of Apportionment of Special Tax ITEM 10.1.

ATTACHMENT 8

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

INTRODUCTION

The City Council (the “City Council”) of the City of Rancho Cordova (the “City”) did, pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 (the “Law”), on February 3, 2025, adopt a resolution entitled, “A Resolution of Intention of the City Council of the City of Rancho Cordova to Form The Preserve Community Facilities District No. 2025-1, Designate an Initial Improvement Area Therein and Establish A Future Annexation Area, and Levy Special Taxes Therein to Finance the Acquisition and Construction Of Certain Public Facilities in and for Such Community Facilities District ” (the “Resolution of Intention”). In the Resolution of Intention, the City Council expressly ordered the preparation of a written Community Facilities District Report (the “Report”) for the proposed City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the “CFD”).

The Resolution of Intention ordering the Report did direct that the Report generally contain the following:

(a) A brief description of the facilities (the “Facilities”) by type which will be required to adequately meet the needs of the CFD.

(b) An estimate of the fair and reasonable cost of the Facilities including the cost of acquisition of lands, rights -of-way and easements, any physical facilities required in conjunction therewith and incidental expenses in connection therewith, including the costs of the proposed bond financing and all other related costs as provided in Section 53345.3 of the Act.

For particulars, reference is made to the Resolution of Intention for the CFD, as previously approved and adopted by the City Council.

NOW, THEREFORE, the following data is submitted pursuant to the direction of the City Council:

A. DESCRIPTION OF FACILITIES. A g eneral description of the proposed Facilities and incidental expenses thereto is provided in Exhibit “A” attached hereto and hereby made a part hereof.

B. COST ESTIMATES. Cost estimates for the Facilities are set forth in Exhibit “B” attached hereto and hereby made a part hereof.

C. PROPOSED BOUNDARIES OF THE COMMUNITY FACILITIES DISTRICT.

The proposed boundaries of the CFD are those properties and parcels on which special taxes may be levied to pay for the Facilities. The initial CFD boundaries include a portion of The Preserve project that is designated as Improvement Area No. 1. The remainder of the project is designated as Future Annexation Area and is expected to annex into the ITEM 10.1.

ATTACHMENT 8

CFD, either as part of Improvement Area No. 1 or as a separate improvement area. The proposed boundaries of the CFD and Improvement Area No. 1, as well as the Future Annexation Area, are identified in the map entitled “Proposed Boundar ies and Future Annexation Area of City of Rancho Cordova The Preserve Community Facilities District No. 2025-1, County of Sacramento, State of California” (the “CFD Boundary Map”), which has been recorded as document number 202502270425 on Page 3 in Book 146 of Maps of Assessment and Community Facilities Districts in the office of the County Recorder for the County of Sacramento.

D. RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX. All of the property within the CFD boundaries, unless exempted by law or by the Rate and Method of Apportionment of Special Tax (the “RMA”), shall be taxed for the purpose of financing the Facilities. The City will annually determine the actual amount of the special tax levy based on the method and subject to the Maximum Special Tax rates contained in the RMA. The RMA is provided in Exhibit “C” attached hereto and hereby made a part hereof.

E. ISSUANCE OF BONDS. At the time of CFD formation, it was anticipated that Facilities would be funded from the proceeds of multiple tax -exempt bond issues, although the amount and timing of such issues will depend on the value of property within the CFD, the timing of absorption of land uses, and other factors. Based on land uses anticipated at buildout of The Preserve project, including within both the CFD boundaries and the future annexation area, it is estimated that approximately $ 9.1 million in net construction proceeds will be generated for Facilities . Of that total, approximately $5.3 million can be funded by land uses expected within Improvement Area No. 1. Each time properties annex into the CFD, the net proceeds will increase based on the added special tax capacity generated from the annexed properties.

ITEM 10.1.

ATTACHMENT 8

EXHIBIT A

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

DESCRIPTION OF FACILITIES TO BE FINANCED BY THE CFD

The Facilities shown below are to be financed by the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 (the, “CFD”).

Facilities

The Facilities which are proposed to be financed with the proceeds of the sales of bonds of the proposed CFD, or the payment of the fees to the appropriate jurisdiction with respect to such facilities proposed to be financed with the proceeds of the sale of bonds of the proposed CFD, are generally described as follows:

- Grantline Road & Raymer Way Traffic Signal

Impact, Development Agreement and Specific Plan Fees for Facilities - City Transportation Impact Fee
- City Community Facilities Fee
- Sacramento County Regional Sanitation (Expansion) Fee - Sacramento County Water Agency Zone 40 Fee

Other
- Any other facilities serving substantially the same purpose as the above described facilities.
- Any other facilities permitted under the Mello- Roos Community Facilities Act of 1982, including the facilities described in Section 53313.5 of the California Government Code, as amended from time to time, provided that such facilities satisfy at least one of the following criteria: 1) augment, improve or expand existing District facilities that are primarily for the benefit of the District, or 2) repair or rehabilitate existing District facilities.

The foregoing description of the type of Facilities eligible to be financed is general in nature and includes any appurtenant work and incidental expenses related to the Facilities. The final nature and location of the facilities will be determined upon the preparation of final plans and specifications for such facilities.

ITEM 10.1.

ATTACHMENT 8

Incidentals

The bond related expenses authorized include the City, underwriters discount, financial advisor, appraisals, reserve fund balance, capitalized interest, bond counsel, disclosure counsel, special tax consultant, bond and official statement printing and all other incidental expenses.

CFD Formation Costs and administrative fees include those of the City, the CFD, the bond trustee or fiscal agent, the special tax consultant and other costs related to the CFD or the Bonds.

ITEM 10.1.

ATTACHMENT 8

EXHIBIT B

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

COST ESTIMATES

The following is a summary of the estimated costs of acquisition and construction of the Facilities. In addition to the acquisition and construction costs, the City will finance bond and other debt issuance costs, capitalized interest, a debt service reserve fund, the costs of forming the CFD and other costs associated with the sale of bonds and annual administration of the CFD.

Facilities Estimated Cost

Grant Line Road & Raymer Way Traffic Signal $1,367
Total (439 Lots) $600,000

Fees Estimated Cost

City Transportation Impact Fee $5,603
City Community Facilities Fee $3,967
Regional Sanitation (Expansion) Fee $6,479
Water Agency Zone 40 Water Fee $20,608
Total Per Lot $36,656
Total (439 Lots) $16,100,000

Grand Total – Facilities And Fees $16,700,000

ITEM 10.1.

ATTACHMENT 8

EXHIBIT C

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 1 January 16, 2025 IMPROVEMENT AREA NO. 1

CITY OF RANCHO CORDOVA

THE PRESERVE
COMMUNITY FACILITIES DISTRICT NO. 2025-1

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX

A Special Tax applicable to each Assessor’s Parcel in Improvement Area No. 1 of the City of Rancho Cordova The Preserve Community Facilities District No. 2025-1 shall be levied and collected according to the tax liability determined by the City Council through the application of the appropriate amount or rate for Taxable Property, as described below. All of the property in Improvement Area No. 1, unless exempted by law or by the provisions of Section G below, shall be taxed for the purposes, to the extent, and in the manner herein provided, including property subsequently annexed to Improvement Area No. 1.

A. DEFINITIONS

The terms hereinafter set forth have the following meanings:

“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on an Assessor’s Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable Final Map or other parcel map recorded at the County Recorder’s Office.

“Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, (commencing with Section 53311), Part 1, Division 2 of Title 5 of the Government Code of the State of California.

“Administrative Expenses” means any or all of the following: the fees and expenses of any fiscal agent or trustee (including any fees or expenses of its counsel) employed in connection with any Bonds, and the expenses of the City in carrying out its duties with respect to Improvement Area No. 1, the CFD and the Bonds, including, but not limited to, the levy and collection of Special Taxes, the fees and expenses of its counsel, charges levied by the County in connection with the levy and collection of Special Taxes, costs related to property owner inquiries regarding the Special Tax, costs associated with appeals or requests for interpretation associated with the Special Tax and this RMA, amounts needed to pay rebate to the federal government with respect to Bonds, costs associated with complying with continuing disclosure requirements for the City and any major property owners or other obligated parties, costs associated with foreclosure and collection of delinquent Special Taxes, and all other costs and expenses of the City and County in any way related to the establishment or administration of Improvement Area No. 1 and the CFD.

“Administrator” shall mean the person or firm designated by the City to administer the Special Tax according to this RMA.

“Assessor’s Parcel” or “Parcel” means a lot or parcel shown on an Assessor’s Parcel Map with an assigned Assessor’s Parcel number.

“Assessor’s Parcel Map” means an official map of the County Assessor designating Parcels by Assessor’s Parcel Number.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 2 January 16, 2025 “Authorized Facilities” means the public facilities authorized to be financed, in whole or in part, by the CFD.

“Base Special Tax” means, for any Land Use Category, the applicable Special Tax initially identified in Table 1 in Section C, as may be adjusted pursuant to Sections D or H herein.

“Bonds” means bonds or other debt (as defined in the Act), whether in one or more series, secured by the Special Tax and issued or assumed by or for Improvement Area No. 1 to fund Authorized Facilities.

“Building Permit” means a permit that allows for vertical construction of a building or buildings, which shall not include a separate permit issued for construction of the foundation thereof.

“Capitalized Interest” means funds in any capitalized interest account available to pay debt service on Bonds.

“CFD” means the City of Rancho Cordova The Preserve Community Facilities District No. 2025-

1. “CFD Formation” means the date on which the Resolution of Formation to form the CFD and to designate Improvement Area No. 1 was adopted by the City Council.

“City” means the City of Rancho Cordova.

“City Council” means the City Council of the City of Rancho Cordova.

“County” means the County of Sacramento.

“Developed Property” means, in any Fiscal Year, all Parcels of Taxable Property that are not Taxable Owners Association Property , Taxable Public Property , or Taxable Welfare Exemption Property for which a Bu ilding P ermit for new construction was issued prior to June 1 of the preceding Fiscal Year.

“Development Class” means, individually, Developed Property, Final Map Property, Undeveloped Property, Taxable Owners Association Property, Taxable Public Property, and Taxable Welfare Exemption Property.

“Expected Land Uses” means the number of Residential Units and the Acreage of Other Property expected within Improvement Area No. 1 at CFD Formation, as identified in Attachments 1 and 2 of this RMA. Pursuant to Section D of this RMA, the Administrator shall update Attachment 2 each time there is a Land Use Change. Such update (s) shall be maintained internally by the Administrator and shall not require recordation of an amended RMA.

“Expected Maximum Special Tax Revenues” means the aggregate Special Tax that can be levied based on application of the Base Special Tax to the Expected Land Uses. The Expected Maximum Special Tax Revenues at CFD Formation are shown in Attachment 2 and may be revised pursuant to Sections D or H herein . Such update (s) will be maintained internally by the Administrator and will not require recordation of an amended RMA.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 3 January 16, 2025 “Final Map” means a final map, or portion thereof, approved by the City pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq) that creates SFD Lots.

The term “Final Map” shall not include any large-lot subdivision map, Assessor’s Parcel Map, or subdivision map or portion thereof, that does not create SFD Lots, including Assessor’s Parcels that are designated as remainder parcels.

“Final Map Property” means, in any Fiscal Year, all SFD Lots created within Final Map s that had recorded prior to June 30 of the preceding Fiscal Year and which have not yet become Developed Property.

“First Bond Sale” means issuance of the first series of Bonds secured, in whole or in part, by Special Taxes levied and collected from Parcels of Taxable Property in Improvement Area No. 1.

“Fiscal Year” means the period starting July 1 and ending on the following June 30.

“Improvement Area No. 1” means Improvement Area No. 1 of the CFD.

“Improvement Fund” means the account (regardless of its name) identified in the Indenture to hold funds that are available for expenditure to acquire or construct Authorized Facilities.

“Indenture” means the bond indenture, fiscal agent agreement, trust agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended, and/or supplemented from time to time, and any instrument replacing or supplementing the same.

“Land Use Category” means, individually, Single Family Property or Other Property.

“Land Use Change” means a proposed or approved change to the Expected Land Uses after CFD Formation.

“Master Developer” means Lennar Homes of California, a Limited Liability Company, and its successors and assigns.

“Maximum Special Tax” means the greatest amount of Special Tax that can be levied on a Parcel in any Fiscal Year, as determined in accordance with Sections C and D below.

“Other Property” means any Parcel of Developed Property in Improvement Area No. 1 that does not fit within the definition of Single Family Property.

“Owners Association” means a homeowners association or property owners association that provides services to, and collects assessments, fees, dues, or charges from, property within Improvement Area No. 1.

“Owners Association Property” means any property within the boundaries of Improvement Area No. 1 that is owned in fee or by easement by an Owners Association, not including any such property that is located directly under a residential structure.

“Proportionately” means, for each Development Class, that the ratio of the actual Special Tax levied in any Fiscal Year to the Maximum Special Tax authorized to be levied in that Fiscal Year is equal for all parcels assigned to the Development Class.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 4 January 16, 2025 “Public Property” means any property within the boundaries of Improvement Area No. 1 that is owned by the City, federal government, State of California or other public agency.

“Required Coverage” means the amount by which the Expected Maximum Special Tax Revenues must exceed the Bond debt service and priority Administrative Expenses (if any), as set forth in the Indenture, Certificate of Special Tax Consultant, or other formation or bond document that identifies the minimum required debt service coverage.

“Residential Unit” means an SFD Unit or an individual residential unit within a duplex, halfplex, triplex, fourplex, townhome, or live/work or condominium structure. A second unit (granny flat) that shares a Parcel with an SFD Unit will not be considered a Residential Unit for purposes of levying the Special Tax.

“RMA” means this Rate and Method of Apportionment of Special Tax.

“SFD Lot” means an individual residential lot, identified and numbered on a recorded Final Map, on which a Building Permit has been or is permitted to be issued for construction of an SFD Unit without further subdivision of the lot and for which no further subdivision of the lot is anticipated pursuant to an approved Tentative Map.

“SFD Unit” means a residential unit that does not share a common wall with another residential unit.

“Single Family Property” means, in any Fiscal Year, all Parcels of Taxable Property for which a Building P ermit was or is expected to be issued for : (i) construction of a n SFD Unit , or (ii) construction of a residential structure consisting of two or more Residential Units that share common walls, have separate Assessor’s Parcel numbers assigned to them (except for a duplex unit, which may share an Assessor’s Parcel with another duplex unit), and may be purchased by individual homebuyers (which shall still be the case even if the Residential Units are purchased and subsequently offered for rent by the owner s of the Residential U nits), including such residential structures that meet the statutory definition of a condominium contained in Civil Code Section 4125.

“Special Tax” means a special tax levied in any Fiscal Year on Parcels in Improvement Area No.1 to pay the Special Tax Requirement.

“Special Tax Requirement” means the amount necessary in any Fiscal Year to: (i) pay principal and interest on Bonds that are due in the calendar year that begins in such Fiscal Year; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement, liquidity support and rebate payments on the Bonds; (iii) replenish reserve funds created for the Bonds under the Indenture to the extent such replenishment has not been included in the computation of the Special Tax Requirement in a previous Fiscal Year; (iv) cure any delinquencies in the payment of principal or interest on Bonds which have occurred in the prior Fiscal Year or, based on prior delinquencies, are expected to occur in the current Fiscal Year ; (v) pay Administrative Expenses; and (vi) pay directly for Authorized Facilities, so long as such levy under this clause (vi) does not increase the Special Tax levied on Final Map Property or Undeveloped Property. The amounts referred to in clauses (i) and (ii) of the definition of Special Tax Requirement may be reduced in any Fiscal Year by: (a) interest earnings on or surplus balances in funds and accounts for the Bonds to the extent ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 5 January 16, 2025 that such earnings or balances are available to apply against such costs pursuant to the Indenture; (b) in the sole and absolute discretion of the City, proceeds received by the CFD from the collection of penalties associated with delinquent Special Taxes; and (c) any other revenues available to pay such costs, each as determined in the sole discretion of the City.

“Tax Zone” means a mutually exclusive geographic area within which Special Taxes may be levied pursuant to this RMA. If, in any Fiscal Year, there is any doubt as to the Tax Zone within which a Parcel i s located, the Administrator shall work with the C ity to make the final determination.

“Tax Zone 1” means that geographic area designated as Tax Zone 1 in Attachment 1 hereto.

“Tax Zone 2” means that geographic area designated as Tax Zone 2 in Attachment 1 hereto.

“Tax Zone 3” means that geographic area designated as Tax Zone 3 in Attachment 1 hereto.

“Tax Zone 4” means that geographic area designated as Tax Zone 4 in Attachment 1 hereto.

“Taxable Owners Association Property” means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i) the Parcel had not been Owners Association Property on the date of the First Bond Sale, (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Owners Association Property as determined by the Administrator, and (iii) if the Parcel were to be e xempt from the Special Tax because it is Owners Association Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

“Taxable Property” means all Parcels within the boundaries of Improvement Area No. 1 that are not exempt from the Special Tax pursuant to law or Section G below.

“Taxable Public Property ” means in any Fiscal Year after the F irst Bond Sale, any Parcel of Public Property that satisfies all three of the following conditions: (i) the Parcel had not been Public Property on the date of the First Bond Sale, (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Public Property as determined by the Administrator, and (iii) if the Parcel were to be exempt from the Special Tax because it is Public Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

“Taxable Welfare Exemption Property” means in any Fiscal Year after the First Bond Sale, any Parcel of Welfare Exemption Property that satisfies all three of the following conditions: (i) the Parcel had not been Welfare Exemption Property on the date of issuance of the First Bond Sale; (ii) based on reference to Attachments 1 and 2 (as may be updated pursua nt to Section D herein), the Parcel was not anticipated to be Welfare Exemption Property based on the Expected Land Uses, as determined by the Administrator; and (iii) if the Parcel were to be exempt from the Special Tax because it has become Welfare Exemp tion Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 6 January 16, 2025 “Tentative Map” means a tentative map or substantial conformance exhibit for property in Improvement Area No. 1, including any adjustments or amendments thereto.

“Undeveloped Property” means, in any Fiscal Year, all Parcels of Taxable Property that are not Developed Property, Final Map Property, Taxable Welfare Exemption Property, Taxable Owners Association Property, or Taxable Public Property, as defined herein.

“Welfare Exemption Property” means, in any Fiscal Year, any Parcels in Improvement Area No. 1 that have received a welfare exemption under subdivision (g) of Section 214 of the Revenue and Taxation Code and for which such welfare exemption is still in place.

B. DATA FOR ADMINISTRATION OF THE SPECIAL TAX

Each Fiscal Year, the Administrator shall: (i) assign each Parcel of Taxable Property to the appropriate Tax Zone and the appropriate Development Class; (ii) for Developed Property, categorize each Parcel as Single Family Property or Other Property; (iii) for Other Property, determine the Acreage of each Parcel; and ( iv) determine the Special Tax Requirement for the Fiscal Year. In addition, the Administrator shall, on an ongoing basis, monitor the Tentative Map, Final Maps, and Building Permits to determine if there are any proposed Land Use Changes that would change the Expected Maximum Special Tax Revenues. If the Expected Maximum Special Tax Revenues will be revised pursuant to a proposed Land Use Change, the Administrator shall apply the steps set forth in Section D below.

In any Fiscal Year, if it is determined that: (i) a parcel map for property in Improvement Area No. 1 was recorded after January 1 of the prior Fiscal Year (or any other date after which the Assessor will not incorporate the newly- created Parcels into the then current tax roll), (ii) because of the date the parcel map was recorded, the Assessor does not yet recognize the new Parcels created by the parcel map, and (iii) one or more of the newly- created Parcels is in a different Development Class and/or Land Use Category than other Parcels created by the subdivision, the Administrator shall calculate the Special Taxes for the property affected by recordation of the parcel map by determining the Special Taxes that apply separately to the property within each Development Class and/or Land Use Category , then applying the sum of the individual Special Taxes to the Parcel that was subdivided by recordation of the parcel map.

C. MAXIMUM SPECIAL TAX

1. Developed Property and Final Map Property

The Maximum Special Tax for a Parcel of Developed Property or Final Map Property is the greater of (i) the Base Special Tax set forth in Table 1 below, or, (ii) the Maximum Special Tax determined pursuant to Section D.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 7 January 16, 2025 Table 1
Base Special Tax
Developed Property and Final Map Property

Tax Zone Land Use Category
Base Special Tax
Fiscal Year 2024-25 *
Tax Zone 1 Single Family Property
Other Property
$1,268 per Residential Unit or SFD Lot
$15,147 per Acre
Tax Zone 2 Single Family Property
Other Property
$1,539 per Residential Unit or SFD Lot
$17,285 per Acre
Tax Zone 3 Single Family Property
Other Property
$1,533 per Residential Unit or SFD Lot
$15,375 per Acre
Tax Zone 4 Single Family Property
Other Property
$2,053 per Residential Unit or SFD Lot
$18,879 per Acre

* On July 1, 2025, and on each July 1 thereafter, all figures shown in Table 1 above shall be increased by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

2. Undeveloped Property, Taxable Owners Association Property, Taxable Public Property , and Taxable Welfare Exemption Property

The Maximum Special Tax for Und eveloped Property, Taxable Owners Association Property, Taxable Public Property, and Taxable Welfare Exemption Property are provided in Table 2 below.

Table 2
Maximum Special Tax
Undeveloped Property, Taxable Owners Association Property, Taxable Public Property, Taxable Welfare Exemption Property

Tax Zone
Maximum Special Tax
Fiscal Year 2024-25 *
Tax Zone 1 $15,147 per Acre
Tax Zone 2 $17,285 per Acre
Tax Zone 3 $15,375 per Acre
Tax Zone 4 $18,879 per Acre

* On July 1, 2025, and on each July 1 thereafter, all figures shown in Table 2 above shall be increased by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

D. C HANGES TO THE MAXIMUM SPECIAL TAX

1. Land Use Changes

The Expected Maximum Special Tax Revenues shown in Attachment 2 were originally calculated based on the Expected Land Uses at CFD Formation. Attachment 2 is subject to modification ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 8 January 16, 2025 upon the occurrence of Land Use Changes, as described below. The Administrator shall review all Land Use Changes and compare the revised land uses to the Expected Land Uses to evaluate the impact on the Expected Maximum Special Tax Revenues.

Prior to the First Bond Sale, if a Land Use Change is proposed or identified that will result in a change in the Expected Maximum Special Tax Revenues, no action will be needed pursuant to this Section D. Upon approval of the Land Use Change, the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues.

After the First Bond Sale, if a Land Use Change is proposed or identified, Steps 1 through 3 must be applied:

Step 1: By reference to Attachment 2 (which shall be updated by the Administrator each time a Land Use Change has been processed according to this Section D or a prepayment has been made), the Administrator shall identify the Expected Maximum Special Tax Revenues prior to the Land Use Change.

Step 2: The Administrator shall calculate the Expected Maximum Special Tax Revenues that could be collected from Taxable Property in Improvement Area No. 1 after the Land Use Change based on application of the Base Special Taxes from Table

1. Step 3: If the revenues calculated in Step 2 are (i) higher than those determined in Step 1 or (ii) less than those calculated in Step 1, but the reduction in Expected Maximum Special Tax Revenues does not reduce debt service coverage on outstanding Bonds below Required Coverage, no further action is needed, and the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues.

If the revenues calculated in Step 2 are less than those calculated in Step 1, and the Administrator determines that the reduction in Expected Maximum Special Tax Revenues would reduce debt service coverage on outstanding Bonds below the Required Coverage, one of the following shall occur:

3.a. The landowner requesting the Land Use Change (the “Requesting Landowner”) may make a prepayment in an amount that will ensure that the reduced Expected Maximum Special Tax Revenues are sufficient to provide Required Coverage, as determined pursuant to Section H below. If the Requesting Landowner notifies the Administrator that he/she would like to remedy the reduction by making a prepayment, such prepayment must be made by the earlier of (i) 30 days from the date of delivery of the prepayment estimate or (ii) the date of issuance of any Building Permits for any Parcel owned by the Requesting Landowner that was Final Map Property or Undeveloped Property at the time the Administrator prepared the prepayment estimate, or

3.b. If a prepayment is not received by the due date specified above, the Base Special Tax used to determine the Maximum Special Tax for each Parcel of Taxable Property in the area affected by the Land Use Change shall be increased ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 9 January 16, 2025 proportionately until the Expected Maximum Special Tax Revenues are sufficient to maintain Required Coverage.

Pursuant to this Section D.1, the Administrator may from time to time update Attachment 2 to reflect revised Expected Maximum Special Tax Revenues. Such update shall be maintained internally by the Administrator and shall not require recordation of an amended RMA.

If multiple Land Use Changes are proposed simultaneously by a single landowner (which may include approval of multiple Final Maps at one time), and the landowner requests that the impact of two or more of the Land Use Changes be considered together, the Administrator shall consider the combined effect of the Land Use Changes to determine if there is a reduction in Expected Maximum Special Tax Revenues. If there is a reduction that would reduce debt service coverage below the Required Coverage, and no prepayment has been received, then the Base Special Tax used to determine the Maximum Special Tax for each Parcel of Taxable Property in the areas affected by the Land Use Changes shall be increased proportionately until the aggregate amount that can be levied within such areas is equal to the amount that could have been levied prior to the proposed Land Use Changes. If Land Use Changes are proposed simultaneously by multiple landowners, or if an individual landowner proposing multiple Land Use Changes does not request that such Land Use Changes be considered together, the Administrator shall consider the proposed Land Use Changes individually.

Notwithstanding the foregoing, once a certificate of occupancy has been issued for a Residential Unit on a Parcel, the Maximum Special Tax for the Parcel cannot be increased because of subsequent Land Use Changes that may occur within the area in which the Parcel is located.

The duties imposed on the Administrator pursuant to this Section D to review Land Use Changes, and to review Final Maps and make certain calculations, are intended only to facilitate the administration of the Special Tax and to better assure the sufficiency of tax capacity to pay debt service on Bonds. Such duties are not intended to give any developer, subdivider, or owner of property the right to receive notice of the potential impact of Land Use Changes on the Special Tax applicable to a Parcel; and each developer, subdivider, or owner of property whose prope rty is the subject of a Land Use Change shall be responsible for understanding the impact thereof on the Special Tax applicable to such property.

2. Partial Prepayments

If a Parcel makes a partial prepayment pursuant to Section H below, the Administrator shall recalculate the Maximum Special Tax for the Parcel pursuant to Section H.2. In addition, the Administrator shall update Attachment 2 to reflect the prepayment and the revised Expected Maximum Special Tax Revenues for Improvement Area No. 1. After the prepayment has been received, the application of Sections D and H of this RMA shall be based on the adjusted Expected Maximum Special Tax Revenues after the prepayment.

3. Conversion of a Parcel of Public Property to Private Use

If, in any Fiscal Year, a Parcel of Public Property is converted to private use, such Parcel shall be subject to the levy of the Special Tax. The Maximum Special Tax for each such Parcel shall be determined based on the applicable Base Special Tax for the Parcel, as determined by the ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 10 January 16, 2025 Administrator. In addition, the Administrator shall update Attachment 2 to reflect the conversion and the revised Expected Maximum Special Tax Revenues for Improvement Area No. 1.

4. Reduction in Maximum Special Tax

The Base Special Tax for Residential Units set forth in Table 1 may be reduced prior to the First Bond Sale. Such a reduction shall be made without a vote of the qualified CFD electors if the Master Developer requests a reduction in the Base Special Tax. Any such reduction shall occur at least 30 days prior to the First Bond Sale. Such reductions to the Base Special Tax need not be proportionate among the Tax Zones and/or Land Use Categories.

E. METHOD OF LEVY OF THE SPECIAL TAX

Each Fiscal Year, the Administrator shall determine the Special Tax Requirement to be collected in that Fiscal Year. A Special Tax shall then be levied according to the following steps:

Step 1: T he Special Tax shall be levied Proportionately on each Parcel of Developed Property up to 100% of the Maximum Special Tax for each Parcel of Developed Property until the amount levied is equal to the Special Tax Requirement prior to applying any Capitalized Interest that is available in the CFD accounts.

Step 2: If additional revenue is needed after Step 1 in order to meet the Special Tax Requirement after Capitalized Interest has been applied to reduce the Special Tax Requirement, the Special Tax shall be levied Proportionately on each Parcel of Final Map Property up to 100% of the Maximum Special Tax for each Parcel of Final Map Property until the amount levied is equal to the Special Tax Requirement.

Step 3: If additional revenue is needed after Step 2, the Special Tax shall be levied Proportionately on each Parcel of Undeveloped Property up to 100% of the Maximum Special Tax for each Parcel of Undeveloped Property until the amount levied is equal to the Special Tax Requirement.

Step 4: If additional revenue is needed after Step 3, the Special Tax shall be levied Proportionately on each Parcel of Taxable Welfare Exemption Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Welfare Exemption Property for such Fiscal Year until the amount levied is equal to the Special Tax Requirement.

Step 5: If additional revenue is needed after Step 4, the Special Tax shall be levied Proportionately on each Parcel of Taxable Owners Association Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Owners Association Property until the amount levied is equal to the Special Tax Requirement.

Step 6: If additional revenue is needed after Step 5, the Special Tax shall be levied Proportionately on each Parcel of Taxable Public Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Public Property until the amount levied is equal to the Special Tax Requirement.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 11 January 16, 2025 F. MANNER OF COLLECTION OF SPECIAL TAX

The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that prepayments are permitted as set forth in Section H below and provided further that the City may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner, and may collect delinquent Special Taxes through foreclosure or other available methods.

The Special Tax shall be levied and collected until principal and interest on Bonds have been repaid. However, in no event shall Special Taxes be levied after Fiscal Year 2064-65. Under no circumstances may the Special Tax on a Parcel of Developed Property in residential use be increased in any Fiscal Year as a consequence of delinquency or default in payment of the Special Tax levied on another Parcel or Parcels by more than ten percent (10%) above the amount that would have been levied in that Fiscal Year had there never been any such delinquencies or defaults.

G. EXEMPTIONS

Notwithstanding any other provision of this RMA, no Special Tax shall be levied in any Fiscal Year on the following:

(1) Public Property, except Taxable Public Property.

(2) Owners Association Property, except Taxable Owners Association Property.

(3) Welfare Exemption Property, except Taxable Welfare Exemption Property.

(4) Parcels that are owned by a public utility for an unmanned facility.

(5) Parcels that are subject to an easement that precludes any other use on the Parcel.

(6) Parcels that have fully prepaid the Special Tax obligation assigned to the Parcel pursuant to the formula set forth in Section H below.

H. PREPAYMENTS

The following definitions apply to this Section H:

“Outstanding Bonds” means all Previously Issued Bonds which remain outstanding, with the following exception: if a Special Tax has been levied against, or already paid by, an Assessor’s Parcel making a prepayment, and a portion of the Special Tax will be used to pay a portion of the next principal payment on the Bonds that remain outstanding (as determined by the Administrator), that next principal payment shall be subtracted from the total Bond principal that remains outstanding, and the difference shall b e used as the amount of Outstanding Bonds for purposes of this prepayment formula.

“Previously Issued Bonds” means all Bonds that have been issued prior to the date of prepayment.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 12 January 16, 2025 “Public Facilities Requirement” means either $6 million in 2025 dollars, which shall increase on January 1, 2026, and on each January 1 thereafter by 2% of the amount in effect in the prior year or such other number as shall be determined by the City as sufficient to fund improvements that are authorized to be funded by Improvement Area No. 1. The Public Facilities Requirement shown above may be adjusted each time property annexes into Improvement Area No. 1 or there is an adjustment to the Expected Maximum Special Tax Revenues due to a Land Use Change.

“Remaining Facilities Costs” means the Public Facilities Requirement minus public facility costs funded by Previously Issued Bonds or Special Taxes, which amount shall not be less than $0.

1. Full Prepayment

The Special Tax obligation applicable to a Parcel in Improvement Area No. 1 may be prepaid and the obligation of the Parcel to pay the Special Tax permanently satisfied as described herein, provided that a prepayment may be made only if there are no delinquent Special Taxes with respect to such Parcel at the time of prepayment. An owner of a Parcel intending to prepay the Special Tax obligation shall provide the City with written notice of intent to prepay. Within 30 days of receipt of such written notice, the City or its designee shall notify such owner of the prepayment amount for such Parcel. Prepayment must be made not less than 75 days prior to any redemption date for Bonds to be redeemed with the proceeds of such prepaid Special Taxes. The Prepayment Amount shall be calculated as follows: (capitalized terms as defined below):

Bond Redemption Amount
plus R emaining Facilities Amount
plus Redemption Premium
plus Defeasance Requirement
plus Administrative Fees and Expenses
less Reserve Fund Credit
equals Prepayment Amount

As of the proposed date of prepayment, the Prepayment Amount shall be determined by application of the following steps:

Step 1. Compute the amount that could be collected from the Parcel prepaying the Special Tax in the Fiscal Year in which prepayment would be received by the City by applying the Base Special Tax to the Expected Land Uses for the Parcel. If this Section H is being applied to calculate a prepayment pursuant to Section D above, compute the amount by which the proposed Land Use Change would reduce Expected Maximum Special Tax Revenues below the amount needed for Required Coverage, and use this amount for purposes of this Step 1.

Step 2. Divide the Maximum Special Tax computed pursuant to Step 1 for such Parcel by the total Expected Maximum Special Tax Revenues for all property in Improvement Area No. 1, as shown in Attachment 2.

ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 13 January 16, 2025 Step 3. Multiply the quotient computed pursuant to Step 2 by the Outstanding Bonds to compute the amount of Outstanding Bonds to be retired and prepaid (the “Bond Redemption Amount”).

Step 4. Compute the current Remaining Facilities Costs (if any).

Step 5. Multiply the quotient computed pursuant to Step 2 by the amount determined pursuant to Step 4 to compute the amount of Remaining Facilities Costs to be prepaid (the “Remaining Facilities Amount”).

Step 6. Multiply the Bond Redemption Amount computed pursuant to Step 3 by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

Step 7. Compute the amount needed to pay interest on the Bond Redemption Amount starting with the first Bond interest payment date after which the prepayment will be received and which has not been included in a tax levy until the next earliest redemption date for the Outstanding Bonds. However, if Bonds are callable at the first interest payment date after the prepayment has been received, Steps 7, 8 and 9 of this prepayment formula will not apply.

Step 8: Compute the amount of interest the City reasonably expects to derive from reinvestment of the Bond Redemption Amount plus the Redemption Premium from the first Bond interest payment date after which the prepayment has been received and which has not been included in a tax levy until the next earliest redemption date for the Outstanding Bonds.

Step 9: Subtract the amount computed pursuant to Step 8 from the amount computed pursuant to Step 7 (the “Defeasance Requirement”).

Step 10. The administrative fees and expenses associated with the prepayment will be determined by the Administrator and include the costs of computing the prepayment, redeeming Bonds and recording any notices to evidence the prepayment and the redemption (the “ Administrative Fees and Expenses”).

Step 11. If and to the extent so provided in the Indenture, a reserve fund credit shall be calculated as a reduction in the applicable reserve fund for the Outstanding Bonds to be redeemed pursuant to the prepayment (the “Reserve Fund Credit”).

Step 12. The Special Tax prepayment is equal to the sum of the amounts computed pursuant to Steps 3, 5, 6, 9, and 10, less the amount computed pursuant to Step 11 (the “Prepayment Amount”).

Step 13. From the Prepayment Amount, the amounts computed pursuant to Steps 3, 6, and 9 shall be deposited into the appropriate fund as established under ITEM 10.1.

ATTACHMENT 8

IA No. 1, The Preserve CFD No. 2025-1 14 January 16, 2025 the Indenture and be used to retire Outstanding Bonds or make debt service payments. The amount computed pursuant to Step 5 shall be deposited into the Improvement Fund. The amount computed pursuant to Step 10 shall be retained in the account or fund that is established to pay Administrative Expenses.

Once a full prepayment of a Parcel’s Special Tax obligation has been received, a Notice of Cancellation of Special Tax Lien shall be recorded against the Parcel to reflect the discharge of the Parcel’s obligation to pay the Special Tax. However, a Notice of Cancellation of Special Tax Lien shall not be recorded until all Special Taxes levied on the Parcel in the current or prior Fiscal Years have been collected.

2. Partial Prepayment

A partial prepayment may be made in an amount equal to any percentage of full prepayment desired by the party making a partial prepayment, except that the full amount of Administrative Fees and Expenses determined in Step 10 shall be included in the partial prepayment. The Maximum Special Tax that can be levied on a Parcel after a partial prepayment is made shall be equal to the portion of the Maximum Special Tax that was not prepaid. Once a partial prepayment has been received, an Amended Notice of Special Tax Lien shall be recorded against the Parcel to reflect the reduced Special Tax lien for the Parcel, and the Administrator shall update Attachment 2 to show the revised Expected Maximum Special Tax Revenues. However, an Amended Notice of Special Tax Lien shall not be recorded until all Special Taxes levied on the Parcel in the current or prior Fiscal Years have been collected.

3. Maintaining Required Coverage

Notwithstanding the foregoing, if at any point in time the Administrator determines that the Maximum Special Tax revenue that could be collected from Taxable Property that remains subject to the Special Tax after the proposed prepayment would be less than the Required Coverage on Bonds that will remain outstanding after defeasance or redemption of Bonds from proceeds of the estimated prepayment, the amount of the prepayment shall be increased until the amount of Bonds defeased or redeemed is suffi cient to reduce remaining annual debt service to a point at which Required Coverage is maintained.

I. INTERPRETATION OF RMA

Interpretations may be made by Resolution of the City Council to interpret, clarify, and/or revise this RMA to correct any inconsistency, vagueness, or ambiguity as it relates to the Special Tax, method of apportionment, classification of properties, or any definition applicable to Improvement Area No. 1 of the CFD, as long as such correction does not materially affect the levy and collection of Special Taxes. The City, upon the request of an owner of land within Improvement Area No. 1 which is not Developed Property, may also amend this RMA in any manner acceptable to the City, by resolution or ordinance following a public hearing, upon the affirmative vote of such owner to such amendment and without the vote of owners of any other land within Improvement Area No. 1, provided such amendment only affects such owner's land. Under no circumstances may such revisions to the RMA decrease the Expected Maximum Special Tax Revenues to a level that will reduce debt service coverage below the Required Coverage.

ITEM 10.1.

ATTACHMENT 8

ATTACHMENT 1

Improvement Area No. 1
City of Rancho Cordova
The Preserve
Community Facilities District No. 2025-1

Identification of Tax Zones and Expected Lot Layout
in Improvement Area No. 1

ITEM 10.1.

ATTACHMENT 8

IMPROVEMENT AREA NO. 1 , THE PRESERVE CFD 2025-1

IDENTIFICATION OF TAX ZONES AND EXPECTED LOT LAYOUT

ITEM 10.1.

ATTACHMENT 8

ATTACHMENT 2

Improvement Area No. 1
City of Rancho Cordova
The Preserve
Community Facilities District No. 2025-1

Expected Land Uses and Expected Maximum Special Tax Revenues

Tax Zone
Land Use
Category
Expected
Residential
Units/Acreage
Base Special Tax
(FY 2024-25) *
Expected
Maximum Special
Tax Revenues
(FY 2024-25) *
Tax Zone 1 Single Family Property
Other Property
100 Residential Units
0 Acres
$1,268 per Residential Unit
$15,147 per Acre $126,800
Tax Zone 2
Single Family Property
Other Property
30 Residential Units
0 Acres
$1,539 per Residential Unit
$17,285 per Acre $46,170
Tax Zone 3
Single Family Property
Other Property
56 Residential Units
0 Acres
$1,533 per Residential Unit
$15,375 per Acre $85,848
Tax Zone 4
Single Family Property
Other Property
73 Residential Units
0 Acres
$2,053 per Residential Unit
$18,879 per Acre $149,869
Expected Maximum Special Tax Revenues (FY 2024-25 $) $408,687

* On July 1, 2025, and each July 1 thereafter, all dollar amounts shown above shall be increased by two percent (2%) of the amount in effect in the prior Fiscal Year.

ITEM 10.1.

ATTACHMENT 8

MEMORANDUM

City Council Staff Report - Page 1 of 2

ITEM 10.2.

DATE: March 17, 2025

TO: Honorable Mayor and Council Members

FROM: Ka Vang, Management Analyst
Stefan Heisler, Housing Manager

SUBJECT: A RESOLUTION APPROVING THE 2024 COMMUNITY

DEVELOPMENT BLOCK GRANT (CDBG) CONSOLIDATED ANNUAL

PERFORMANCE EVALUATION REPORT (CAPER) FOR SUBMITTAL

TO US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
(HUD)

RECOMMENDATION

Adopt the Resolution.

RESULT OF RECOMMENDED ACTION

The 2024 CDBG CAPER would be submitted for HUD review according to requirements and timelines upon adoption of the Resolution.

BACKGROUND

The City receives an annual entitlement allocation of CDBG funds from HUD. The City received $628,109 of CDBG funds in Program Year (PY) 2024 and $47,000 in rollover funds. CDBG allows the City to carry out housing and community development projects and programs, such as housing rehabilitation, neighborhood infrastructure improvements, and public services, for low- and moderate-income individuals, households, and neighborhoods.

HUD requires an annual evaluation of the programs and projects funded through its CDBG grant allocation, known as the CAPER. The PY 2024 CAPER describes the City’s accomplishments in the implementation of programs and activities under the CDBG program. It also reports the progress of the City in meeting overall five-year goals and priorities identified as part of the 2020-2024 Consolidated Plan.

CDBG regulations require that the public be given a 15-day period in which to review the CAPER and provide comments prior to its approval by the City Council. A public notice announcing the availability of the CAPER was published in the Grapevine Independent on February 14, 2025, and copies of the CAPER were made available for public review at City Hall and on the City’s website on February 28, 2024. The public comment period closes on March 17, 2025, and any comments received will be acknowledged and incorporated into the final draft of the CAPER and submitted to HUD.

City Council Staff Report - Page 2 of 2

PY 2024 was the City’s fifth year of the 2020-2024 Consolidated Plan cycle. The City’s program is in good standing with HUD, and program administrators have continued to work on refining guidelines and procedures, assisting service providers to provide technical assistance in administering CDBG funds, and partnering with regional neighbors to improve efficiencies and identify best practices for program administration.

A summary of the accomplishments achieved in 2024 includes:
• Helping 269 low-income households, including families at risk of homelessness, remain in their housing;
• Providing social services and meals for 148 seniors in the community; • Completing 14 housing rehabilitation projects on homes occupied by low-income households; and
• Providing youth and mentoring services to 49 at-risk youths.

FISCAL IMPACT AND FUNDING SOURCE

The CAPER has no direct fiscal impact on the City.

ATTACHMENT(S)

1. Resolution

2. 2024 Consolidated Annual Performance and Evaluation Report (CAPER)

ITEM 10.2. ATTACHMENT 1
Resolution No. XX-2025 Page 1 of 2

CITY OF RANCHO CORDOVA

RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA, STATE OF CALIFORNIA, APPROVING THE 2024 COMMUNITY DEVELOPMENT BLOCK GRANT

CONSOLIDATED ANNUAL PERFORMANCE AND EVALUATION REPORT FOR SUBMITTAL TO U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

WHEREAS, the City of Rancho Cordova has applied for and received Community Development Block Grant (CDBG) funds as an entitlement jurisdiction from the Government of the United States under Title I of the Housing and Community Development Act of 1974; and

WHEREAS, the Department of Housing and Urban Development (HUD) is the federal agency that promulgates regulations and oversees the administration of the CDBG program; and

WHEREAS, HUD requires that entitlement jurisdictions complete an annual evaluation of their grants programs through a report known as the Consolidated Annual Performance and Evaluation Report (CAPER); and
WHEREAS, City staff have completed the 2024 CAPER; and
WHEREAS, a public notice announcing the availability of the CAPER and a 15-day public comment period for the report was published in the Grapevine Independent on February 14, 2025; and
WHEREAS, the 15-day public comment period opened February 28, 2025, and closed March 17, 2025, and the CAPER has been considered by the Rancho Cordova City Council.

NOW, THEREFORE, BE IT HEREBY RESOLVED THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA:

Approves the 2024 CAPER; authorizes the City Manager, or his designee, to submit the CAPER to HUD; and authorizes staff to make technical modifications to the CAPER as required by HUD, and pending any public comment received prior to March 17, 2025.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 17th day of March 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ITEM 10.2. ATTACHMENT 1
Resolution No. XX-2025 Page 2 of 2
ATTEST:

Siri Pulipati, Mayor

Stacy Leitner, CMC
City Clerk

CAPER 1
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-05 - Goals and Outcomes
Progress the jurisdiction has made in carrying out its strategic plan and its action plan. 91.520(a) This could be an overview that includes major initiatives and highlights that were proposed and executed throughout the program year.

Listed below are the approved projects and programs that were funded using the City’s 2024 CDBG allocation. These programs were selected through a competitive application process that occurred in July and August of 2023. Each project was selected to assist in carrying out the City’s CDBG priority needs, as identified in the 2020-2024 Consolidated Plan’s Strategic Plan section:
• $29,218 in funding was allocated to Meals on Wheels by ACC, a program that aids senior populations, including homebound seniors, by providing access to nutritious meals.
• $26, 137.50 in funding was allocated to Folsom Cordova Community Partnership to help support the Group Mentoring Initiative program. This program provides youth support and improves community involvement through intensive one-on-one and group youth mentoring.
• $26,137.50 in funding was allocated to The Empowered Life Community Program to help support the SheBuilds program, supporting female youths from LMI households
• $12,725 in funding was allocated to Sacramento Self-Help Housing for a renter’s helpline, which provides counseling and mediation services for landlord/tenant disputes for City residents in a housing crisis or dispute. • $8,019 in funding was allocated to Sacramento Self Help-Housing for fair housing services, which includes advocacy, enforcement, mediation, and marketing and education materials.
• $140,000 in funding was allocated to the City of Rancho Cordova’s Public Works Department for an ADA Sidewalk Improvement project for sidewalk repair within target area to bring to code with ADA regulations.

ITEM 10.2.

ATTACHMENT 2

CAPER 2
OMB Control No: 2506-0117 (exp. 09/30/2021)
• $320,903.70 ($297,000 in EN funding and $23,903.70 in Reallocated funding?) in funding was allocated to Rebuilding Together Sacramento for homeownership repairs through the Roof Rehab & Repair Program and the Critical Systems Home Repair program.

• $111,981 in funding was allocated to the City of Rancho Cordova’s Housing Division for the general administrative costs to facilitate and manage the CDBG program. Administrative costs include the management of monitoring efforts, assisting subrecipients of CDBG funds with information and guidance on CDBG policies and procedures, planning for future CDBG goals and actions, and any other general administration activities involved in the implementation of the CDBG program.

• $0 in funding was allocated to HOME Monitoring as City is recipient of State HOME funds and is required to perform annual monitoring on HCD’s behalf.

Comparison of the proposed versus actual outcomes for each outcome measure submitted with the consolidated plan and explain, if applicable, why progress was not made toward meeting goals and objectives. 91.520(g) Categories, priority levels, funding sources and amounts, outcomes/objectives, goal outcome indicators, units of measure, targets, actual outcomes/outputs, and percentage completed for each of the grantee’s program year goals.

ITEM 10.2.

ATTACHMENT 2

CAPER 3
OMB Control No: 2506-0117 (exp. 09/30/2021)

ITEM 10.2.

ATTACHMENT 2

CAPER 4
OMB Control No: 2506-0117 (exp. 09/30/2021)
Assess how the jurisdiction’s use of funds, particularly CDBG, addresses the priorities and specific objectives identified in the plan, giving special attention to the highest priority activities identified.

The 2024 program year was the fifth year of the 2020-2024 Five Year Consolidated Plan. The 2020-2024 Consolidated Plan identifies the following nine goals and priorities for projects that the City intends to fund through CDBG allocations during the plan’s five-year cycle. Those goals are as follows:
• Homelessness Prevention • Public Infrastructure • Public Facilities • Senior and Disability Services • Homeless Housing • COVID- 19 Preparation, Prevention, and Response • Child and Youth Services • Housing Preservation Program • Program Administration CDBG-funded programs in the 2024 program year aligned with six of the nine goals that are outlined in the 2020-2024 Consolidated Plan. The six goals supported in 2024 were Homelessness Prevention, Senior Services, Child and Youth Services, Public Infrastructure, Housing Preservation Program, and Program Administration. Table 1 above shows these goals and their associated projects in more detail, along with the one-year progress against the five-year goals established in the Consolidated Plan.

ITEM 10.2.

ATTACHMENT 2

CAPER 5
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-10 - Racial and Ethnic composition of families assisted Describe the families assisted (including the racial and ethnic status of families assisted).

91.520(a)
CDBG
White 167
Black or African American 125
Asian 28
American Indian or American Native 7
Native Hawaiian or Other Pacific Islander 8
Total 335
Hispanic 41
Not Hispanic 294

Table 1 – Table of assistance to racial and ethnic populations by source of funds

Narrative
The table above shows the racial and ethnic distribution of persons who received assistance or services through the regular entitlement CDBG program during the 2024 program year. The City strives to make all of its programs and activities available to eligible low- and moderate-income residents regardless of sex, race, religious background, or disability. All of the CDBG-funded public service programs, including senior services, youth services, and housing counseling, are available to residents citywide. Projects that focus on facility or infrastructure improvements are generally limited to the CDBG target area so they may benefit as many low- and moderate-income residents as possible.

ITEM 10.2.

ATTACHMENT 2

CAPER 6
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-15 - Resources and Investments 91.520(a)
Identify the resources made available
Source of Funds Source Resources Made
Available
Amount Expended
During Program Year
CDBG public - federal $1,127,776.78 $534,353.66
Other public - federal $861,317 $861,317
Table 2 - Resources Made Available

Narrative
In the 2024 program year, the City received an award of $628,109 and $499,654.78 in prior year funds.

The following is a list of 2024 City CDBG programs and approved allocation amounts:
• Planning and Administration
• Planning and Administration - $111,981.50
• Project Sentinel: Fair Housing Services - $8,019
• HOME Monitoring - $0
• Housing Preservation Program
• Preservation ProgramRebuilding Together Sacramento: Housing Repair - $320,903.70 • Non-Housing Community Development Needs
• Public Facilities/InfrastructureADA Sidewalk Improvement Project - $140,000 • Public Services
• Meals on Wheels: Senior Nutrition - $29,218.30
• Folsom Cordova Community Partnership: Youth Rise Program - $26,137.50 • SheBuilds - $26,137.50
• Community Links 211: Renters Helpline Community Outreach $12,725 All recipients and subrecipient programs performed according to CDBG Laws and Regulations, found in Federal code of Civil Procedure, 24 Code of Federal Regulations (CFR) Part 570 Community Development Block Grants. In addition, to all laws and regulations, the City and its subrecipients have made regular drawdowns and completed during the program year, and all projects were completed within their allocated budget. The City has met timeliness requirements every year since becoming an entitlement jurisdiction.

ITEM 10.2.

ATTACHMENT 2

CAPER 7
OMB Control No: 2506-0117 (exp. 09/30/2021)
Identify the geographic distribution and location of investments Target Area Planned Percentage of
Allocation
Actual Percentage
of Allocation
Narrative Description
CDBG Target Area 73
Critical Rrepairs projects,
ADA Sidewalk program
take place in the CDBG
target
Citywide 27
211 Connect, Meals on
wheels, Folsom Cordova
Partnership, and Fair
Housing
Table 3 – Identify the geographic distribution and location of investments

Narrative
For the 2024 program year allocation, approximately 73 percent ($460,903.70) was spent on activites in the CDBG target area (net administration expenses).

Geographic distribution of activities in swidely varied, but most activities take place in or near low-or-moderate-income areas. The location of an activity largely depends on the type of activity. Some of the City’s 2024 CDBG activities, such as Meals on Wheels and 2-1-1 Connet’s Renter’s Helpline, are able to serve populations across the entire City, while other projects and programs are located and provided to populations in the CDBG target area. The primary geographic area identified for use in CDBG-funded activities is the CDBG target area, which is made up of census tracts in which more than 50 percent of households earn less than 80 percent of area median income (AMI).

Although the Rental Housing Inspection Program and Code Enforcement activities are no longer funded through CDBG, these services continue to take place in CDBG target areas. The investment of other public and private funds in these areas will provide a comprehensive approach to revitalization.

As shown in Map 1, much of the City, including many residential neighborhoods, is in the CDBG target area. This allows for a significant percentage of the annual CDBG allocation to be focused in these low-moderate income areas of the City.

ITEM 10.2.

ATTACHMENT 2

CAPER 8
OMB Control No: 2506-0117 (exp. 09/30/2021)

Map A1

ITEM 10.2.

ATTACHMENT 2

CAPER 9
OMB Control No: 2506-0117 (exp. 09/30/2021)
Leveraging
Explain how federal funds leveraged additional resources (private, state and local funds), including a description of how matching requirements were satisfied, as well as how any publicly owned land or property located within the jurisdiction that were used to address the needs identified in the plan.

Federal funds require additional regulation, labor compliance standards, and administration that can add a significant cost burden to a new affordable housing project or a rehabilitation project. For new construction and large-scale rehabilitation of affordable housing, the City prefers to pursue funding that does not significantly increase the building cost, unless there are sufficient federal funds to benefit the project’s bottom line. The CDBG allocation to the City does not add sufficient value to offset the increased costs for most of the City's affordable housing development efforts. Therefore, the City focuses CDBG funding either on projects that are already burdened with the federal reporting requirements or on projects where there is no other viable funding source and the project can be completed with the available CDBG funding.

The City’s CDBG program does not have any match requirements. The City has pursued State of California housing funds whenever appropriate and will continue to look for opportunities to leverage private and non-federal resources. The City will also begin to require that CDBG subrecipients demonstrate sufficient committed non-CDBG funding, so that projects will have the best results for the community and the low- and very low-income residents they are intended to serve. Sources may include tax credits, infrastructure infill grants, sustainable community grants, veterans housing grants, and, for the single-family owner-occupied housing rehabilitation program, CalHome funding.

The City did not utilize publicly owned land or property to address the needs identified in the 2024 Annual Action Plan.

ITEM 10.2.

ATTACHMENT 2

CAPER 10
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-20 - Affordable Housing 91.520(b)
Evaluation of the jurisdiction's progress in providing affordable housing, including the number and types of families served, the number of extremely low-income, low-income, moderate-income, and middle-income persons served.

One-Year Goal Actual
Number of Homeless households to be
provided affordable housing units 0 0
Number of Non-Homeless households to be
provided affordable housing units 0 0
Number of Special-Needs households to be
provided affordable housing units 0 0
Total 0 0
Table 4 – Number of Households

One-Year Goal Actual
Number of households supported through
Rental Assistance 0 0
Number of households supported through
The Production of New Units 0 0
Number of households supported through
Rehab of Existing Units 0 0
Number of households supported through
Acquisition of Existing Units 0 0
Total 0 0
Table 5 – Number of Households Supported

Discuss the difference between goals and outcomes and problems encountered in meeting these goals.

Federal funds require additional regulation, labor compliance standards, and administration that can add a significant cost burden to a new affordable housing project or a rehabilitation project. For new construction and large-scale rehabilitation of affordable housing, the City prefers to pursue funding that does not significantly increase the building cost, unless there are sufficient federal funds to benefit the project’s bottom line. The CDBG allocation to the City does not add sufficient value to offset the increased costs for most of the City's affordable housing development efforts. Therefore, the City ITEM 10.2.

ATTACHMENT 2

CAPER 11
OMB Control No: 2506-0117 (exp. 09/30/2021)
focuses CDBG funding either on projects that are already burdened with the federal reporting requirements or on projects where there is no other viable funding source and the project can be completed with the available CDBG funding. The City’s CDBG program does not have any match requirements. The City has pursued State of California housing funds whenever appropriate and will continue to look for opportunities to leverage private and non-federal resources. The City will also begin to require that CDBG subrecipients demonstrate sufficient committed non-CDBG funding, so that projects will have the best results for the community and the low- and very low-income residents they are intended to serve. Sources may include tax credits, infrastructure infill grants, sustainable community grants, veterans housing grants, and, for the single-family owner-occupied housing rehabilitation program, CalHome funding.

The City did not utilize publicly owned land or property to address the needs identified in the 2024 Annual Action Plan.
the CDBG target area.

The City also preserves affordable housing through code enforcement and rental inspection efforts, which ensure that all rental housing is safe and habitable. The continued success of the Rental Housing Inspection and Code Enforcement programs, run by the City’s Neighborhood Services Division.

Discuss how these outcomes will impact future annual action plans.

The City plans to address housing needs, but without significant additional resources, the City will continue to focus CDBG dollars where they will do the most good for low- and moderate-income households through better access to affordable housing, services, and public infrastructure. The City’s plan for the 2024 program year is to continue cooperating and actively engaging the County of Sacramento in its attention to homelessness issues, including chronic homelessness and near homelessness. The City will continue to contract with Community Links 2-1-1 Connect to provide housing counseling and homelessness prevention to Rancho Cordova residents. For anyone that wishes to learn more information about 2-1-1 Connect, information is accessible to Rancho Cordova residents at https://www.211.org/, by telephone, and by walk-in appointment.

Due to the continued success of Rebuilding Together Sacramento’s Critical Systems Repair project, the City will continue to fund this program in the 2025 AAP. This program has proven to be effective in assisting low-income individuals with housing repairs and directly benefiting individuals who lack alternative options to housing improvements. Additionally, this organization continues to abide by CDBG reporting and reimbursement procedures, which is a beneficial aspect to the administration costs of the CDBG program.

The City has phased out these two programs for the 2024 program year. However, blight, nuisance prevention, and mitigation of rental housing unit is still carried out in the CDBG target area by other funds.

ITEM 10.2.

ATTACHMENT 2

CAPER 12
OMB Control No: 2506-0117 (exp. 09/30/2021)
Include the number of extremely low-income, low-income, and moderate-income persons served by each activity where information on income by family size is required to determine the eligibility of the activity.

Number of Households Served CDBG Actual HOME Actual
Extremely Low-income 340 0
Low-income 87 0
Moderate-income 41 0
Total 468 0
Table 6 – Number of Households Served
Narrative Information
Income categories for the CDBG program are set through the HUD Metro Fair-Market-Rate Area (HMFA) formula. HUD adjusts this formula each year to address inflation and changes in household costs. The CDBG requirement is that a minimum of 70 percent of all CDBG recipients must be low to moderate income. The HMFA for Sacramento-Roseville-Arden Arcade, CA Metro Area in the 2024 program year was $113,300 for a family of four; since 80 percent of HMFA is considered low income, this calculates to $94,300 for a family of four. All persons assisted with CDBG-funded programs are required to provide income data to identify which category they fit: extremely low income (30 percent or less of HMFA), low income (31-50 percent of HMFA), moderate income (51-80 percent of HMFA), or above moderate income (81+ percent of HMFA). About 97 percent of persons assisted through CDBG funds were low- to moderate-income individuals.

Our Housing Element identifies housing solutions that solve local housing problems. It includes goals, policies, and actions to ensure development in affordable housing for families, individuals, and persons of disability. Our Consolidated Plan five-year strategy also identifies the need for affordable housing as a priority. The City of Rancho Cordova is successful at finding and applying alternative funding for past and future affordable housing projects. The Crossings at New Rancho and Crossings at Woodberry are projects that provide housing for low-income to extremely low-income households. A percentage of the housing units must be able to convert for a person with a disability. The Mather Veterans Village is another project built to meet the demand for affordable housing for veterans and those with a disability. These projects highlight the City’s continued commitment to ensure affordable housing for all.

ITEM 10.2.

ATTACHMENT 2

CAPER 13
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-25 - Homeless and Other Special Needs 91.220(d, e); 91.320(d, e); 91.520(c) Evaluate the jurisdiction’s progress in meeting its specific objectives for reducing and ending homelessness through:

Reaching out to homeless persons (especially unsheltered persons) and assessing their individual needs
The City established a set of strategies and priority actions to expand homeless services and provide supportive housing opportunities to elderly persons, disabled veterans, and other persons with special needs. Since CDBG funding fluctuates from year to year, the City is seeking additional funding for programs and services aimed at assisting homeless persons and non-homeless special needs populations to supplement funding of current programs.

During the 2024 program year, the City began working with Community Links 2-1-1 Connect to assist homeless and special needs populations. 2-1-1 Connect provides vital homelessness prevention services and resources to individuals and families who are at imminent risk of homelessness due to housing discrimination and/or landlord disputes. They also provide a Renters Helpline, as well as Housing Counseling, to help with landlord/tenant disputes and housing discrimination cases. A collaborative approach between 2-1-1 Connect and Project Sentinel provides a telephone hotline, tenant education and housing assistance, and mediation services for Rancho Cordova residents in a housing crisis or dispute. The 2-1-1 Connect team deals directly with concerns about landlord/tenant disputes while fair housing issues are identified and referred to Project Sentinel. The collaborative team aims to reduce housing discrimination, promote public awareness of fair housing laws and rights, and assist persons with disabilities, and to protect residents in danger of homelessness.

Addressing the emergency shelter and transitional housing needs of homeless persons The City participates in the regional Continuum of Care (CoC) through the nonprofit Sacramento Steps Forward (SSF). SSF manages the Sacramento Area CoC process, which establishes a set of strategies and priority actions to expand the City’s homeless programs and services and provide supportive housing opportunities and services. The CoC is working on several system updates to improve the flow of shelters and transitional housing, which includes policy and process improvement for the County shelters, lower barriers to housing programs, and improvement to placements into the different housing services offered in the region. Rancho Cordova is also home to the Mather Community Campus, a transitional living facility that supports homeless individuals and families and includes job training, as well as housing and supportive services. The City also coordinated with the County, Mather Veterans Administration Hospital, and a competitively selected nonprofit development team to develop a comprehensive range of housing opportunities for homeless, near-homeless, and disabled veterans.

None of these efforts are funded through CDBG and are all supported through other funding sources and staff time.

ITEM 10.2.

ATTACHMENT 2

CAPER 14
OMB Control No: 2506-0117 (exp. 09/30/2021)
Helping low-income individuals and families avoid becoming homeless, especially extremely low-income individuals and families and those who are: likely to become homeless after being discharged from publicly funded institutions and systems of care (such as health care facilities, mental health facilities, foster care and other youth facilities, and corrections programs and institutions); and, receiving assistance from public or private agencies that address housing, health, social services, employment, education, or youth needs The City contracts with Community Links 2-1-1 Connect to provide counseling to low-income households who are at risk of becoming homeless. This program is intended to prevent homelessness, and the counseling helps individuals and households to maintain housing stability. Clients receiving services also include those discharged from public institutions. Sacramento Steps Forward’s Coordinated Access System (CAS) serves as the foundational framework for accessing shelter and crucial resources within the region. 2-1-1 Connect also provides assistance to tenants facing relocation as the result of the sale or dilapidation of their housing or other catastrophe. Residents can also call the Renters Helpline at (916) 498-1000 or 2-1-1 and get access to homeless and homelessness prevention services. Through a collaborative approach between 2-1-1 Connect and Project Sentinel, the City is able to help facilitate the provision of a telephone hotline, tenant education, housing assistance, and mediation services for Rancho Cordova residents in a housing crisis or dispute.

Helping homeless persons (especially chronically homeless individuals and families, families with children, veterans and their families, and unaccompanied youth) make the transition to permanent housing and independent living, including shortening the period of time that individuals and families experience homelessness, facilitating access for homeless individuals and families to affordable housing units, and preventing individuals and families who were recently homeless from becoming homeless again
The City refers individuals to housing counseling providers that keep a detailed database of housing resources that are available to homeless and near-homeless residents. Rancho Cordova is home to the Mather Veterans Village, which provides transitional and permanent supportive housing specifically for homeless and near-homeless veterans in the region. The Mather Community Campus provides units as both a permanent and transitional living facility, as well as offering job training and supportive services for homeless individuals and families to prevent repeated patterns of homelessness. The City does not receive enough CDBG funds to support these projects solely through the CDBG program and relies on coordination with other agencies and nonprofits as well as alternative funding sources to support these projects.

Additionally, the City’s 2021-2029 Housing Element identifies a specific policy to remove potential constraints to housing for persons with disabilities:

• H.3.3 – Provide housing for special needs populations, including housing accessible for persons with disabilities (including veterans as a primary target group), persons with development disabilities, ITEM 10.2.

ATTACHMENT 2

CAPER 15
OMB Control No: 2506-0117 (exp. 09/30/2021)
large households, people experiencing homelessness, farmworkers, and , and single-parent households.

Projects such as the Mather Veterans Village work to address underserved needs of individuals in the City with disabilities and other special needs. Concurrently, goals and policies in the Housing Element, such as the one mentioned above, work to break down barriers to affordable housing among these same populations.

ITEM 10.2.

ATTACHMENT 2

CAPER 16
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-30 - Public Housing 91.220(h); 91.320(j)
Actions taken to address the needs of public housing
The City does not own any public housing; however, the local public housing authority, Sacramento Housing and Redevelopment Agency (SHRA), manages public housing units across 10 properties complexes and several single-family homes throughout the City. Additionally, there are 698 affordable housing units of various sizes (1, 2, 3, and 4 bedrooms) in the City, financed by SHRA. The 2020-2024 Consolidated Plan does not include plans to construct or operate public housing. The remaining affordable housing units are operated by various nonprofits, with prominent operators including VOA, which runs components of the Mather Community Campus transitional housing program, and Mercy Housing, which operates the 100 units of permanent supportive housing at the Mather Veterans Village.

Actions taken to encourage public housing residents to become more involved in management and participate in homeownership
While the City is dedicated to increasing community outreach and involving neighborhoods in the decision-making process, the City does not plan to participate in any activities to increase resident involvement in SHRA-owned and -operated public housing unless specifically asked to do so by SHRA.

Actions taken to provide assistance to troubled PHAs
SHRA has a Satisfactory Participation Score with HUD.

ITEM 10.2.

ATTACHMENT 2

CAPER 17
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-35 - Other Actions 91.220(j)-(k); 91.320(i)-(j)
Actions taken to remove or ameliorate the negative effects of public policies that serve as barriers to affordable housing such as land use controls, tax policies affecting land, zoning ordinances, building codes, fees and charges, growth limitations, and policies affecting the return on residential investment. 91.220 (j); 91.320 (i) The City has undertaken a number of actions to reduce potential barriers and constraints to affordable housing and housing for special needs populations. These actions include identifying funds in support of affordable housing development and offering fee reductions, regulatory incentives, density incentives, and the operation of a home rehabilitation and repair program, as well as several other options. Details of these actions can be found in the City’s 2021-2029 Housing Element. The Housing Element includes a thorough analysis of governmental and regulatory barriers to affordable housing. The City has been aggressive in pursuing affordable housing development opportunities and has removed regulatory barriers.

Actions taken to address obstacles to meeting underserved needs. 91.220(k); 91.320(j) The need for affordable housing for lower-income households and supportive housing for persons with special needs continues to exceed available resources. The City has provided services, discussed previously in the Homeless and Other Special Needs narrative, and has worked to offer housing opportunities to underserved groups, including homeless individuals and veterans with disabilities. The City continues its active participation in County, Mather Veterans Administration Hospital, and service provider efforts to locate and develop a continuum of housing opportunities for disabled veterans. The City has continued its work with neighboring jurisdictions, such as the County of Sacramento, City of Sacramento, City of Citrus Heights, and City of Elk Grove, and agencies such as SHRA and the Sacramento Area Council of Governments, to address the regional issues that affect the needs of target- income persons and special needs populations. The goal in this effort is to reduce the burden of providing services within each jurisdiction with CDBG funding. The City has worked directly with service providers and local, state, and federal agencies (e.g., HUD and the California Department of Housing and Community Development).

The City also plans to use its CDBG funds to promote the local provision of services for low- and moderate-income residents in Rancho Cordova. Furthermore, the City will encourage area service providers to offer services in the community. In the 2024 program year, several organizations (including 211 Connect, Project Sentinel, Meals on Wheels, USNRG SheBuilds, and Folsom Cordova Community Partnership) are being funded with CDBG funds and continuing to provide services in Rancho Cordova.

The City addressed the worst-case housing needs of persons with disabilities through activities that serve the City generally. The City funded the Renters Helpline, Housing Counseling, and Critical Repair Program during the 2024 program year:

• Renters Helpline responds to requests from Rancho Cordova residents at-risk of becoming homeless.

ITEM 10.2.

ATTACHMENT 2

CAPER 18
OMB Control No: 2506-0117 (exp. 09/30/2021)

• Homeless Prevention is facilitated through Sacramento Steps Forward’s Coordinated Access System (CAS), which provides counseling and support services to residents at risk of homelessness or to homeless persons to aid them in securing housing.

• Critical Repair Program provides home repairs to single-family homeowners.

Actions taken to reduce lead-based paint hazards. 91.220(k); 91.320(j) The City works with certified lead-based paint inspectors to identify lead-based paint hazards when necessary. These inspectors are qualified to conduct lead-based paint identification, assessment, and clearance services to reduce lead hazard. When needed, Rebuilding Together Sacramento conducts lead-based paint inspections through qualified contractors during housing rehabilitation activities.

The City complies with the Residential Lead-Based Paint Hazard Reduction Act of 1992 as implemented in 24 CFR 35 Subpart B. Compliance includes the following strategy:

Housing Rehabilitation: All housing rehabilitation activities funded under this plan will assess lead hazard risk before proceeding, including the planned Emergency Repair Grant Program. This applies to any work on structures constructed prior to January 1, 1978. The work will comply with the appropriate level of protection indicated in 24 CFR 35.100. All work on homes constructed prior to January 1, 1978, will have a lead hazard risk assessment conducted as described in 24 CFR 35.110. At the completion of any prescribed lead hazard reduction activities, a clearance examination is required as described in 24 CFR

35.110.

Actions taken to reduce the number of poverty-level families. 91.220(k); 91.320(j) The City continues to fund public services intended to help poverty-level families. The City’s anti-poverty strategy is based on revitalizing Rancho Cordova’s existing housing stock to provide safe and decent places to live, and on supporting the services of social services agencies that promote income and housing stability. The City’s strategy also includes supportive services for target-income residents, including senior and youth services. For example, the City funded 2-1-1 Connect for the 2024 program year, as 2-1-1 Connect provides vital services and resources to families who are homeless or are at imminent risk of homelessness, and Rebuilding Sacramento Together, a program that helps low-income homeowners rehabilitate necessary health- and safety-related issues in their homes in order to avoid homelessness due to habitability issues.

The City also continued to fund other anti-poverty programs, such as the Senior Nutrition program offered by Meals on Wheels and the Folsom Cordova Community Partnership’s Group Mentoring ITEM 10.2.

ATTACHMENT 2

CAPER 19
OMB Control No: 2506-0117 (exp. 09/30/2021)
Initiative for Youth populations and their families. This latter program supports youth and enhances community involvement through intensive one-on-one youth mentoring to help improve economic opportunities for low-income youth in Rancho Cordova. In November 2020, Rancho Cordova voters approved Measure R, a half-cent sales tax measure, which will generate an estimated $12 million revenue for the City’s general fund. Funds may be used to attract jobs and address homelessness.

In November 2014, Rancho Cordova voters approved Measure H, a half-cent sales tax measure, which has generated revenue for the City’s general fund. The local fund is called the Community Enhancement Fund and provides funding for projects administered by individual residents, organizations, businesses, and community partners who are interested in enhancing the Rancho Cordova community. During the 2024 CDBG program year, there were several Community Enhancement Fund projects, many of which will reduce the number of poverty-level families. Projects include, but are not limited to, on-site youth career centers, senior nutritional support, youth meal services, food pantry improvements, home repairs, and a winter homeless shelter.

Actions taken to develop institutional structure. 91.220(k); 91.320(j) The City developed a monitoring system to ensure that the activities carried out in furtherance of the AAP are done so in a timely manner in accordance with the federal monitoring requirements of 24 CFR 570.501 and 2 CFR 200 and all other applicable laws, regulations, policies, and sound management and accounting practices. The objectives of the monitoring plan are described in more detail in the Consolidated Plan.

The City’s Community Development Department is responsible for the management, implementation, and monitoring of Consolidated Plan documents, including the AAP and all other subsequent documents related to the implementation of the CDBG program.

City staff administer the programs and activities funded with CDBG funds. These staff members work with the individual City divisions, such as Public Works, as well as partner districts, such as Folsom Cordova Unified School District, to develop procedures and coordinate the administration of programs that will be carried out by these divisions. Designated staff will also work closely with the providers of CDBG-funded services and programs that are not carried out by the City.

Actions taken to enhance coordination between public and private housing and social service agencies. 91.220(k); 91.320(j)
The City strives to provide training opportunities and technical assistance to grant subrecipients and works to establish best practices. The City’s goal is for all subrecipients to update their programs to integrate industry best practices into the day-to-day and long-term activities of programs. In addition, the City is continuing its initiative to coordinate activities with neighboring cities, especially in regard to responding to fair housing-related efforts. Coordinated efforts include joint monitoring of common service providers, standardizing reporting requirements and forms to encourage efficiency and ITEM 10.2.

ATTACHMENT 2

CAPER 20
OMB Control No: 2506-0117 (exp. 09/30/2021)
Consistency and sharing information from workshops.

During the 2024 program year, the City implemented contracts with local service organizations that provide assistance to senior/elderly households, households at imminent risk of homelessness, and special needs populations. These subrecipients have all received CDBG funding in the past from the City.

City staff and City Council have realized the continued need for these services.

The City will continue its work with neighboring jurisdictions, such as the County of Sacramento, City of Sacramento, City of Citrus Heights, and City of Elk Grove, and agencies such as SHRA and the Sacramento Area Council of Governments, to address the regional issues that affect the needs of target- income persons and special needs populations. The City also intends to work directly with service providers and local, state, and federal agencies (e.g., HUD and the California Department of Housing and Community Development).

Identify actions taken to overcome the effects of any impediments identified in the jurisdiction’s analysis of impediments to fair housing choice. 91.520(a) On June 21, 2021, the City of Rancho Cordova adopted the 2021–2029 Housing Element. The Housing Element includes an analysis of vacant and underused land in the City that can be developed into housing for low-, moderate-, and above moderate-income housing. It also contains an analysis of potential governmental and nongovernmental constraints to housing development in the City as well as policies and goals the City should take to produce more affordable housing. During the 2024 program year, the City partnered with Project Sentienl to provide fair housing and landlord/tenant services. The City is also a partner in the Renters Helpline, a service offered by 2-1-1 Connect that is designed to determine if calls they receive represent a fair housing issue or a landlord/tenant or life crisis issue. 2-1- 1 Connect staff is trained to answer calls and make accurate determinations. In the City of Rancho Cordova, the Renters Helpline assisted 269 (2-1-1) and Project Sentinel 19 persons between January 1, 2024, and December 31, 2024.

The Analysis of Impediments report identified issues with disproportionate housing needs, segregation and integration, and access to opportunity for residents in the City of Rancho Cordova.

Disproportionate Housing Needs
A portion of new construction homes for sale in the city fall in the moderate price range compared to the region. The average market rate housing price per square foot in Rancho Cordova is cheaper than in Sacramento County. Future development of affordable housing will assist in resolving cost-burden and housing challenges for residents within the city. The city has set aside 120 acres of Regional Housing Needs Allocation (RHNA) sites to develop affordable housing projects.

On March 4, 2020, The City Council enacted a temporary moratorium on eviction to protect residential tenants in the city during COVID. This action prevented residents from being evicted and displaced due to income loss or health care cost from COVID. More recently, the city has responded to concerned ITEM 10.2.

ATTACHMENT 2

CAPER 21
OMB Control No: 2506-0117 (exp. 09/30/2021)
residents regarding space rent increases at the eight mobile home parks in the city. A committee was created to assist with negotiation between the mobile home park owners, the mobile home park industry associations, and residents. A resolution was reached by all parties and the Mobile Home Space Rent Memorandum of Understanding (MOU) was created. The MOU will restrict how much annual space rents can increase annually, assist with dispute resolution, and provide resources for rent subsidy programs for low-income tenants. The City actively monitors these mobile parks annually through an annual rent and pass through report.

Segregation and Integration
The city launched a Workforce Development Program through our Economic Development Department.

The program offers free educational and training opportunities to Rancho Cordova residents who are unemployed, underemployed or want to upskill to compete for higher wage jobs. A continued partnership between the local food pantries and local businesses keeps donations flowing in to serve Rancho Cordova residents in need of food support.

Access to Opportunity
The city has four SacRT light rail stations, a SmarRT Ride shuttle service, and the Rancho CordoVan that offers multiple public transit routes to residents. The city’s newly built youth center will provide a safe environment and year-round programs for elementary and teenage students with a focus of equity and inclusion, mentorship, academic support, and sports activities. The Mills Crossing project is currently in development. It will include up to 80,000 square feet of affordable performing arts, health center, wellness, cultural and community space, retail, a maker space for entrepreneur opportunities, and up to 120 units of housing, of which 50% will be affordable. In 2023, the city earned the Prohousing Designation from California’s Department of Housing and Community Development. Garnering $960,000 from the one-time Prohousing Incentive Program (PIP). This funding is directed to predevelopment design activities for the affordable housing section of the Mills Crossing Project. The city continues to improve sidewalks and rehabilitate streets in low-income and disadvantaged neighborhoods through the city’s American Rescue Plan Act (ARPA) funding
ITEM 10.2.

ATTACHMENT 2

CAPER 22
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-40 - Monitoring 91.220 and 91.230
Describe the standards and procedures used to monitor activities carried out in furtherance of the plan and used to ensure long-term compliance with requirements of the programs involved, including minority business outreach and the comprehensive planning requirements
City staff communicated with the subrecipients’ staff responsible for each activity prior to the beginning of the program year. All subrecipients were informed of the obligations to collect the required information on income, household composition, and race and ethnicity. Staff provided technical assistance to subrecipients throughout the year as needed. During the 2024 program year, City staff performed desk monitoring to examine the progress the subrecipients were making toward performance targets. Subrecipients are required to report the demographics of their service population on a quarterly basis, as well as additional supporting information such as general ledger and program accounting documents. Each subrecipient agreement contains provisions for reductions to or suspensions of payments in the event that targets are not being met (without valid reason) or past performance issues have not been resolved.

The City has continued to emphasize the importance for subrecipients to gather complete and accurate information on the persons and/or households they serve, and to regularly report their progress. The City requires all applicable CDBG subrecipients to comply with minority/women business enterprise (MBE/WBE) requirements when procuring their activities. This is written into their subrecipient agreements. At each year’s Notice of Funding Availability meeting, staff informs potential CDBG subrecipients that they will be subject to a monitoring every year that they receive CDBG funds.

Additionally, for all construction projects that require adherence to Davis-Bacon, staff conducts a labor compliance review to ensure the project’s procurement has followed MBE/WBE standards. In September 2024, CDBG staff conducted a monitoring of USNRG-SheBuilds and identified inconsistencies in financial management and document keeping. The subrecipient was notified of the findings and given adequate time to address and clarify the issue. Staff also indicated that if corrective action was not resolved, it could jeopardize future application approvals and awards. The CDBG program has successfully met expenditure deadlines in years past and is on target to meet its deadlines for the 2024 program year. The City is also current on quarterly and semi-annual reports due to HUD.

Citizen Participation Plan 91.105(d); 91.115(d)
Describe the efforts to provide citizens with reasonable notice and an opportunity to comment on performance reports.

This report was made available for public review during a 15-day public comment period from February 28, 2025 to March 17, 2025. A public notice announcing its availability was published ITEM 10.2.

ATTACHMENT 2

CAPER 23
OMB Control No: 2506-0117 (exp. 09/30/2021)
in the Grapevine Independent and posted on the City’s website on February 28, 2025.

The public notice included the purpose of the report, the premise of the CDBG program, information identifying the public hearing that will be held to approve of the CAPER, the address of City Hall, staff contact names, mailing addresses, phone numbers, the website to view the report, and information on where to direct comments and questions. Copies of this CAPER were made available for public review and comment in electronic format found online on the City of Rancho Cordova’s website (www.cityofranchocordova.org). City Council approved the CAPER at a public hearing held on March 17, 2025. The following is a summary of comments received from citizen participation:
• [Pending Comments]
CR-45 - CDBG 91.520(c)
Specify the nature of, and reasons for, any changes in the jurisdiction’s program objectives and indications of how the jurisdiction would change its programs as a result of its experiences.
n/a
Does this Jurisdiction have any open Brownfields Economic Development Initiative (BEDI) grants?
No
[BEDI grantees] Describe accomplishments and program outcomes during the last year. n/a
ITEM 10.2.

ATTACHMENT 2

CAPER 24
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-45 - CDBG 91.520(c)
Specify the nature of, and reasons for, any changes in the jurisdiction’s program objectives and indications of how the jurisdiction would change its programs as a result of its experiences.
n/a
Does this Jurisdiction have any open Brownfields Economic Development Initiative (BEDI) grants?
No
[BEDI grantees] Describe accomplishments and program outcomes during the last year.

ITEM 10.2.

ATTACHMENT 2

CAPER 25
OMB Control No: 2506-0117 (exp. 09/30/2021)
CR-58 – Section 3
Identify the number of individuals assisted and the types of assistance provided

Total Labor Hours CDBG HOME ESG HOPWA HTF
Total Number of Activities 0 0 0 0 0
Total Labor Hours 0
Total Section 3 Worker Hours 0
Total Targeted Section 3 Worker Hours 0
Table 7 – Total Labor Hours

Qualitative Efforts - Number of Activities by Program CDBG HOME ESG HOPWA HTF Outreach efforts to generate job applicants who are Public Housing Targeted Workers 0
Outreach efforts to generate job applicants who are Other Funding Targeted Workers. 0
Direct, on-the job training (including apprenticeships). 0 Indirect training such as arranging for, contracting for, or paying tuition for, off-site training. 0
Technical assistance to help Section 3 workers compete for jobs (e.g., resume assistance, coaching). 0
Outreach efforts to identify and secure bids from Section 3 business concerns. 0
Technical assistance to help Section 3 business concerns understand and bid on contracts. 0
Division of contracts into smaller jobs to facilitate participation by Section 3 business concerns. 0
Provided or connected residents with assistance in seeking employment including: drafting resumes,preparing for interviews, finding job opportunities, connecting residents to job placement services. 0 Held one or more job fairs. 0
Provided or connected residents with supportive services that can provide direct services or referrals. 0
Provided or connected residents with supportive services that provide one or more of the following: work readiness health screenings, interview clothing, uniforms, test fees, transportation. 0 Assisted residents with finding child care. 0
Assisted residents to apply for, or attend community college or a four year educational institution. 0
Assisted residents to apply for, or attend vocational/technical training. 0 Assisted residents to obtain financial literacy training and/or coaching. 0 Bonding assistance, guaranties, or other efforts to support viable bids from Section 3 business concerns. 0
Provided or connected residents with training on computer use or online technologies. 0
Promoting the use of a business registry designed to create opportunities for disadvantaged and small businesses. 0 Outreach, engagement, or referrals with the state one-stop system, as designed in Section 121(e)(2) of the Workforce Innovation and Opportunity Act.
0 ITEM 10.2.

ATTACHMENT 2

CAPER 26
OMB Control No: 2506-0117 (exp. 09/30/2021)
Other. 0
Table 8 – Qualitative Efforts - Number of Activities by Program

Narrative

ITEM 10.2.

ATTACHMENT 2

City Council Staff Report – Page 1 of 13

MEMORANDUM
ITEM 10.3.

DATE:March 17, 2025
TO:Honorable Mayor and Council Members
FROM:Nick Sosa, Senior Planner
SUBJECT: JACKSON PROPERTIES WAREHOUSE STORAGE BUILDING – MAJOR

DESIGN REVIEW AMENDMENT AND HEIGHT EXCEPTION (CEQA EXEMPT PURSUANT TO SECTION 15183. PROJECTS CONSISTENT WITH A
COMMUNITY PLAN OR ZONING) – PROJECT NO. PLND-0924-0110
PROPERTY OWNER:

JPI XXIX, L.P.

Vincent Fugina
155 Cadillac Drive, Suite 100
Sacramento, CA 95825
APPLICANT/DEVELOPER:

PWC Architects
Guy Duerwald
3320 Data Drive, Suite 200
Rancho Cordova, 95670
PROJECT: Jackson Properties Warehouse Storage Building – Major Design Review Amendment
FILE: PLND-0924-0110
LOCATION: 10391 Peter A McCuen Boulevard, Mather, CA 95655 APN: 077-0420-001
PLANNER: Nick Sosa, Senior Planner

RECOMMENDATION
Determine the project exempt per California Environmental Quality Act (CEQA) Guidelines Exemption 15183 (Projects Consistent with a Community Plan, General Plan, or Zoning) and adopt the Resolution for the Jackson Properties Warehouse Storage Building Major Design Review Amendment and Height Exception, PLND-0924-0110, subject to the findings, Project Plans, and Conditions of Approval.

RESULT OF RECOMMENDED ACTION
Adoption of the Resolution would determine the project exempt from further CEQA analysis and approve the Applicant’s request for a Major Design Review Amendment and Height Exception to their previously approved project.

City Council Staff Report – Page 2 of 13

APPROVAL AUTHORITY
The project is located within the Mather Field Special Planning Area (MFSPA) which utilizes the 2003 Sacramento County Code as its regulatory document. Under Section 603-16 DESIGN REVIEW subsection (E)(ii) of the MFSPA, new construction projects that exceed 75,000 SF are considered a Design Review Level II. The City Council (equivalent to the Board of Supervisors) is considered the approval authority for Design Review Level II applications and therefore this project was originally brought to City Council for a determination in September of 2023. As the Council was the original approval authority, any amendments to this entitlement would also require approval from the City Council.

PROJECT BACKGROUND
The project is located on a 7.8+/- acre parcel located at 10391 Peter A McCuen Boulevard. The project site is within the Commercial/Office Park Subarea of the Campus District within the Mather Field Special Planning Area (MFSPA). The MFSPA was originally approved and implemented by Sacramento County in 1997. The intentions of the MFSPA are to convert the area from a military air base to a mixture of commercial, office, and public areas while also providing a cohesive design and integration into the surrounding community. Because the MFSPA was approved when the area was under the jurisdiction of the County, any development standards and/or guidelines not listed in the MFSPA would defer to the 2003 Sacramento County Code as the appropriate regulating document. The MFSPA and the 2003 Sacramento County code were the documents utilized in the review of the original project and will continue to be used for review of the proposed amendments.

The original project was approved on September 5, 2023, by the City Council (Resolution 129- 2023) and the applicant is now requesting to amend that approval and re-orient the site. The original project included loading docks in front of the building along Peter A McCuen Boulevard with significant landscaping for screening. However, the Applicant is now proposing to relocate those docks to the rear of the building along with some minor façade changes and site improvements.

The project is located near the intersection of Peter A McCuen Boulevard and Mather Boulevard, adjacent to the existing airport outside of the Mather Field Approach/Departure safety zones as well as any Mather Field Noise Contours. The project is located within the Mather Field Overflight Zone which encapsulates the surrounding area of the Mather Field runway, however, warehousing and storage are listed as a compatible uses within this zone.

The site is surrounded by existing office buildings mostly occupied by the California Office of Emergency Services (Cal OES) as shown in Figure 1.

City Council Staff Report – Page 3 of 13
Figure 1: Project Location

ANALYSIS
Major Design Review Amendment
The Applicant has submitted an application for a Major Design Review Amendment to modify their previous Design Review Approval for the Jackson Properties Warehouse-Storage building.

The amendment proposes a slightly smaller building footprint, re-location of the building’s loading docks, and re-location of site amenities such as parking, stormwater basins, and landscaping for the property.

Site Design and Parking
The original project proposed a 118,748 SF warehouse/storage building located between Peter A McCuen Boulevard and Old Placerville Road. The building included loading docks facing the public right of way with a landscape berm for screening. The project also continues to share a parking lot and frontage landscaping with the adjacent Cal OES Building F. The original site plan is shown in Figure 2.

Cal OES
Cal OES
Cal OES
Cal OESCentral Valley
Training Center
American
Center
Office Park

City Council Staff Report – Page 4 of 13
Figure 2: Original Site Plan (PLND-0622-0044)
The proposed modifications to the site plan include the re-location of the stormwater basin to the rear of the property adjacent to Old Placerville Road, the re-location of the loading docks from the front of the building to the rear of the building, and removal of the landscape berm along the Peter A McCuen Boulevard frontage. The modified site plan also results in a reduction of the overall building size from 118,748 SF to a new square footage of 114,698 SF, a difference of 4,050 SF.

A placeholder for a future communications tower has also been added to the site plan at the north end of the property (rear of the property) but is not included as part of the review of this application. Should the Applicant wish to add a communications tower at this location in the future, the project would be required to go through a separate application process and would warrant further review. A condition of approval has been added (COA #27) to ensure that all required entitlements are completed prior to building permit submittals.

With the re-location of the loading docks to the rear of the building, the number of docks has increased from the original approved 9 loading docks, to a total of 25 loading docks along the rear of the building. Per the Mather Field Special Planning Area (MFSPA) design guidelines for the Campus District, loading areas are encouraged to be located in the rear of the building to minimize visibility from the public right of way. With this site’s unique position between Peter A McCuen Blvd and Old Placerville Road, although the docks are located in the rear there is potential visibility from the public and passersby along Old Placerville Road. Given this visibility, in combination with dense existing and proposed landscaping, the applicant has proposed a 12- foot-tall screen wall along the edge of the loading dock area as a screening mechanism for trucks along the rear of the building as well as added landscaping along the perimeter. The loading docks are below grade with a 4’ drop at their lowest point. Therefore, given the 4’ drop and the 12’ screen wall, there would be a total of 16’ of screening which would sufficiently screen a truck and trailer within the dock area. A condition of approval has also been added (COA #78) for construction of the screen wall. The newly proposed site plan can be seen in Figure 3.

Front Loading DocksLandscape Berm
Stormwater Basin

City Council Staff Report – Page 5 of 13
Figure 3: Newly Proposed Site Plan
Additionally, these changes also resulted in a significant reduction in parking spaces from 166 available on-site parking spaces to a total of 93 available parking spaces, a total reduction of 73 spaces. Although the building is a shell building, with no anticipated tenant at this time, the site still provides adequate parking given the potential 104,698 SF of warehouse and 10,000 SF of accessory office use of the building. These uses would require a parking requirement of 0.5 spaces per 1,000 SF of warehouse space and 2.7 spaces per 1,000 SF of office space, resulting in a total parking requirement of approximately 79 spaces (See Table 1). Future tenants other than a warehouse/storage use would require parking to be re-evaluated to ensure that parking continues to be sufficient.

Table 1: Parking Requirements
Use Total Square
Footage
Parking Ratio Required
Warehouse 104,698 SF 0.5 spaces / 1,000 SF 52.349 spaces Office 10,000 SF 2.7 spaces / 1,000 SF 27 spaces
Total Required = 79.349 spaces
Total Provided = 93 spaces
Trip Analysis
Additionally, the original project approved in 2022 did complete a trip generation memo which showed that as a light industrial building of 118,748 SF, the project could generate a total of 579 Re-located
Stormwater Basin
Re-located Loading
Dock Area and
increase from 9
docks to 25 docks.
12-foot screen wall added for
reduced visibility

City Council Staff Report – Page 6 of 13
trips over the course of the day (i.e., ½ inbound and ½ outbound), with 88 trips in the peak weekday a.m. hours and 77 trips in the peak p.m. hours.

Although the revised site plan and building design does increase the number of loading dock doors from 9 roll up doors to 25 roll up doors, the overall square footage has been reduced by approximately 4,000 SF which has resulted in a slight reduction in trips generated. With the new design, the estimated number of daily trips has been reduced from 579 to 559 daily trips, a reduction of about 20. Also, the a.m. peak hour trips is now 85 trips (a reduction of 3) and the p.m. peak hour trips is now estimated to be 72 trips (a reduction of 5). Overall, the new design is projected to have less impact than the original approved project.

Landscaping
The project site and adjacent parcels include a significant amount of existing landscape that are beneficial to the proposed project. The site provides a total of 2 access points to Peter A McCuen Boulevard with no access points to Old Placerville Road. The project continues to be integrated directly into the parking area of the adjacent existing Cal OES Building F with shared parking and front landscaping which already has some existing parking lot trees and plantings at the existing entrance with street trees along Peter A McCuen Boulevard. The site also has existing trees along the west and south side of the property that provide dense screening of the site from Old Placerville Road and a softened street view from Peter A McCuen Boulevard (See Figure 4).

Figure 4: Existing Landscaping
Old Placerville
Peter A McCuen

City Council Staff Report – Page 7 of 13
In addition to the existing landscaping, the project proposes a variety of trees and shrubs throughout the site in combination with the required bioretention basins. The project proposes approximately 90 additional trees on-site to provide added screening and exceed the minimum 50% parking lot shade requirements. The Applicant has lined the west perimeter with additional trees internal to the site to provide a denser natural screening for the loading dock area. The plan in Figure 5 shows newly added trees internal to the site, adjacent to existing trees shown in Figure 4. At the northwesternmost tip of the property, with existing trees and limited space in this area, the applicant was unable to add additional trees but will be providing 12’ high native evergreen shrubs (shown in yellow) to ensure that visibility remains minimal from Old Placerville Road.

Old Placerville
Old Placerville

City Council Staff Report – Page 8 of 13
Figure 5: Proposed Landscape Plan
All landscaping will be properly irrigated and maintained to continue to meet shading and screening requirements.

Building Design Amendment
With the re-location of the loading docks to the rear of the building, there were some modifications to the façade that were added as part of the requested design review amendment.

Overall, the size of the building has been reduced by approximately 4,000 SF and the peak height of the structure has been reduced from the approved 48-feet in the original project, to the current proposed height of 43’-4”.

The project has maintained its original color scheme and materials while making small changes to architectural elements such as tower features and a new painted band. The proposed building continues to utilize a variety of brown base colors with an aluminum storefront with metal panels to highlight main entrances. These colors and architectural features continue to be consistent with the overall design of the surrounding office park while still providing aspects that are compatible with more modern designs. A comparison of the original elevations and proposed elevations can be seen in Figures 6-8. Project renderings of the current proposal can also be found in Figure 9.

City Council Staff Report – Page 9 of 13
Figure 6: North Elevation
Figure 7: South Elevation
Figure 8: East and West Elevations
Rear elevation of building facing Cal OES Headquarters
Original
Proposed
Original
Proposed
Front elevation of building facing Peter A McCuen
Elevation facing adjacent Cal OES building Elevation facing Old Placerville side Proposed
Original

City Council Staff Report – Page 10 of 13
Figure 9: Project Renderings
Height Exception
As part of the original approval, the project was also approved for a height deviation to allow the building to exceed the 40-foot maximum height allowed within the Campus District and would be asking for this same exception as part of this application. As previously mentioned, the Mather Field Special Planning Area (MFSPA) was approved by Sacramento County prior to the City’s incorporation and therefore the 2003 version of the Sacramento County Code adopted by the City would be the applicable regulating document when the MFSPA references applicable county code sections. For height requirements, the MFSPA refers to Section 301-22 of the 2003 Sacramento County Code which allows height exceptions with approval from the appropriate authority.

Per Section 301-22, height limits for commercial or industrial buildings may be increased to a maximum of one-hundred fifty (150) feet in commercial and industrial land zones, provided that all buildings are set back from the ultimate right-of-way line of all abutting streets and freeways a distance at least equal to the height of the building. The Applicant is requesting a height of 43’-4” and therefore would require a minimum of this distance from the closest right-of-way.

In Figure 10, the site plan shows a measured distance from the building to each public right of way. The closest point of the west side of the property is shown as 131’-7” while the closest point to the south side of the building is 93’-7”. Both of these distances are much greater than the proposed 43’-4” height of the structure and therefore the project is meeting the requirements to be eligible for a height exception as described in Section 301-22 of the 2003 Sacramento County Code.

City Council Staff Report – Page 11 of 13
Figure 10: Site Plan
It is also important to note that the 43’-4” max height of the building is measured at the main tower architectural features located on the corners and south elevation of the building. These tower features are utilized as architectural elements to provide additional visual interest for large facades such as those proposed in this design and are encouraged by the City’s Design Guidelines for industrial buildings. A majority of the other parapet areas of the building, would be at a height of 38’-8” which is within the maximum height allowed by the MFSPA Campus District.

Future Uses and Tenants
As it was proposed in its original approval, the project continues to be only for a shell building and does not include specific uses at this time and therefore no use permits have been included with this project. As a shell building with large empty spaces and accessory office space, the project has been reviewed as a “wholesaling and warehousing” use which is permitted by right within the Business & Professional Office (BP) zoning designation which is one of the comparable underlying zones for the Commercial Office Park Subarea of the MFSPA. Any future tenants that are utilizing the building for a use other than wholesaling and warehousing at this location will be required to obtain the appropriate use permits from the Planning Department and will be subject to additional review at that time.

FISCAL IMPACT
Staff anticipates that the project will have a positive fiscal impact due to the short term and long- term positions for the construction of the shell building and the future uses of the site. The development of the building and the property from vacant land to a business will also provide an 131’-7”
93’-7”

City Council Staff Report – Page 12 of 13
additional positive impact through the increase in property taxes on the site as well as within the surrounding area.

GENERAL PLAN CONSISTENCY
The project site is located within the Office Mixed Use (OMU) designation of the City’s General Plan. The General Plan compares the OMU designation to zoning designations such as Office Professional Mixed Use (OPMU) and Office Industrial Mixed Use (OIMU) within the City’s Municipal Code which are then compatible with the Business and Professional Office (BP) and Industrial Office Park (MP) of the Sacramento County Code. The proposed shell industrial building would be consistent with structures and uses envisioned within the OMU land use designation and compatible with future buildings within the same General Plan designation. The Office Mixed Use category encourages the integration of commercial and/or residential uses in conjunction with office uses of the site. Office uses are the predominant use, but others may be included in a vertical or horizontal configuration. The proposed warehouse building with loading docks adds a light industrial type structure to the area however, this area of the Mather Field Special Planning Area continues to maintain its predominantly office uses.

ZONING ORDINANCE
This project is located within the Commercial/Office Park Subarea of the Campus District within the MFSPA and was reviewed for consistency with all applicable standards and guidelines applicable to this area. Any standards not provided within the SPA are to be found within the Sacramento County Code. For permitted uses, the Commercial/Office Park Subarea is comparable to the Industrial Office Park (MP), Business & Professional Office (BP), Shopping Center Commercial (SC), and General Commercial (GC) zones within the Sacramento County Code. The proposed project does not have a designated user at this time, therefore the project has been considered as “wholesaling and warehousing” which is allowed by right in this zoning designation. Any future tenants that are not a warehousing and storage use, will be reviewed for consistency with Sacramento County Code land use tables and any necessary permits will be required to be obtained at that time.

ENVIRONMENTAL
The project applicant is requesting approval of a Major Design Review Amendment for the proposed project. Under CEQA, the City lacks the discretion under the Major Design Review approval process to consider environmental effects not related to the design of the project, including, but not limited to, human health impacts from toxic air contaminants, greenhouse gas emissions, and impacts on biological resources.

The Major Design Review Amendment associated with the Jackson Properties Warehouse Storage Building would continue to be exempt from CEQA review under CEQA State Guidelines Section 15183. This exempts from CEQA projects that are consistent with the development density established by existing zoning, community plan, or general plan policies for which an Environmental Impact Report (EIR) was certified, except as might be necessary to examine whether there are project-specific significant effects which are peculiar to the project or its site.

The Jackson Properties Warehouse Storage Building Major Design Review Amendment involves a re-orientation of the site, a reduction in building square footage by approximately 4,000 SF and minor amendments to the overall site plan. The Amendment does not propose any increase in square footage or increase in intensity of the uses proposed for the project. The project site was identified in the Mather Field Special Planning Area EIR. As this Major Design

City Council Staff Report – Page 13 of 13
Review Amendment continues to be consistent with the Special Planning Area and the environmental documentation prepared for the Special Planning Area, it is exempt from further CEQA review.

RECOMMENDED MOTIONS
Staff recommends that the City Council:
•Determine the project exempt per California Environmental Quality Act (CEQA) Guidelines Exemption 15183 (Projects Consistent with a Community Plan, General Plan, or Zoning)
•Adopt the Resolution for the Jackson Properties Warehouse Storage Building Major Design Review Amendment and Height Exception, PLND-0924-0110, subject to the findings, Project Plans (Attachment 2), and Conditions of Approval (Attachment 3).

ATTACHMENT(S)

1. Resolution

2. Exhibit A to the Resolution - Project Plans

3. Exhibit B to the Resolution - Conditions of Approval

4. Jackson Properties PowerPoint

ITEM 10.3. ATTACHMENT 1 Resolution No. XX-2025 Page 1 of 5

CITY OF RANCHO CORDOVA
RESOLUTION NO. XX-2025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA,

STATE OF CALIFORNIA, APPROVING A MAJOR DESIGN REVIEW AMENDMENT AND

HEIGHT EXCEPTION FOR THE JACKSON PROPERTIES WAREHOUSE STORAGE BUILDING PROJECT NO. PLND-0924-0110
WHEREAS, PWC Architects, (hereinafter referred to as Applicant) filed an application for a Major Design Review Amendment approval for the Jackson Properties Warehouse Storage Building project; and
WHEREAS, the project is located within the Commercial/Office Park Subarea of the Campus District within the Mather Field Special Planning Area (MFSPA); and WHEREAS, per the MFSPA, the project is considered a Design Review Level II which states that the City Council is the appropriate authority to hear and take action on this project; and
WHEREAS, the project was previously approved by City Council on September 5, 2023 for a Major Design Review and Height Exception for a 118,748 SF warehouse building and site improvements; and
WHEREAS, the Applicant is now requesting to amend the previous approval to re-orient the loading dock areas to the rear of the building and update the site plan; and WHEREAS, the City Council heard the original project and is the appropriate authority to hear the requested amendment; and
WHEREAS, the City Council of the City of Rancho Cordova has conducted a properly noticed public hearing pursuant to Government Code Section 65090 and has duly considered all written and verbal testimony presented during the hearing.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CORDOVA HEREBY RESOLVES as follows:

1. The CEQA exemption found in California Code of Regulation Title 14, Section 15183 (Projects Consistent with a Community Plan, General Plan or Zoning) is an adequate exemption according to the Guidelines of the California Environmental Quality Act.

A.Finding: The project has been analyzed and is exempt per California Environmental Quality Act Guidelines Section 15183 “Projects Consistent with the Community Plan, General Plan or Zoning”.

Evidence: The project applicant is requesting approval of a Major Design Review Amendment and Height Exception for the proposed project. Under CEQA, the City lacks the discretion under the Major Design Review approval process to consider environmental effects not related to the design of the project, including, but not limited to, human health impacts from toxic air contaminants, greenhouse gas emissions, and impacts on biological resources.

ITEM 10.3. ATTACHMENT 1 Resolution No. XX-2025 Page 2 of 5
The Major Design Review Amendment associated with the Jackson Properties Warehouse Storage Building would continue to be exempt from CEQA review under CEQA State Guidelines Section 15183. This exempts from CEQA, projects that are consistent with the development density established by existing zoning, community plan, or general plan policies for which an Environmental Impact Report (EIR) was certified, except as might be necessary to examine whether there are project-specific significant effects which are peculiar to the project or its site. The Jackson Properties Warehouse Storage Building Major Design Review Amendment involves a re-orientation of the site, a reduction in building square footage by approximately 4,000 SF and minor amendments to the overall site plan. The Amendment does not propose any increase in square footage or increase in intensity of the uses proposed for the project. The project site was identified in the Mather Field Special Planning Area EIR. As this Major Design Review Amendment continues to be consistent with the Special Planning Area and the environmental documentation prepared for the Special Planning Area, it is exempt from further CEQA review.

2. Approve the Design Review Amendment and Height Exception, subject to the Project Plans (Exhibit A) and the Conditions of Approval (Exhibit B); supported by the following Findings and Evidence, as required by the 2003 Sacramento County Code Section 110-87. a)Finding: The proposed project is consistent with the objectives of the General Plan and Community Plan, complies with applicable Zoning Regulations, Specific Plan provisions, Special Planning Area provisions, and is consistent with the applicable “Guiding Principles” and “Design Concepts” in section 110-84.

Evidence: The proposed amendment continues to be consistent with the intent of the Mather Field Special Planning Area (MFSPA). The project is located within the Commercial Office/Park Subarea of Mather’s Campus District which allows wholesaling and warehousing as a permitted by right use. Future tenants that do not use the building as a warehouse will require an additional review to determine if additional City approvals are required.

The Applicant is requesting an exception to the maximum height allowance from 40-feet to 43’-4” to accommodate roof variation and tower features at key sections of the façade. The request is less than what was approved as part of the original project which was a 48-foot height exception. For height requirements, the MFSPA refers to Section 301-22 of the 2003 Sacramento County Code which allows height exceptions with approval from the appropriate authority. Per this section, height limits for commercial or industrial buildings may be increased to a maximum of one-hundred fifty (150) feet in commercial and industrial land zones, provided that all buildings are set back from the ultimate right-of-way line of all abutting streets and freeways a distance at least equal to the height of the building. The applicant is requesting a height of 43-4” and therefore would require a minimum of 43’-4”-feet to the closest right-of-way. The Applicant is providing over 131 feet to the Old Placerville Road public right-of-way and over 93 feet to the Peter A McCuen Boulevard public right-of-way and therefore is meeting the required minimum distances.

The project provides infill development that is consistent with applicable portions of Section 110-84 of the 2003 Sacramento County Zoning Code including non-

ITEM 10.3. ATTACHMENT 1 Resolution No. XX-2025 Page 3 of 5
residential site planning and non-residential architecture and also helps facilitate the conversion of Mather Field from a military air base to a mix of public and private uses. As the airport continues to be utilized for commercial uses, the proposed project will provide a supportive use consistent with the functionality of the airport and new services to benefit the surrounding community. The proposed wholesaling and warehousing use is an allowed use and provides an opportunity to add to the existing diversity of the Mather Field Special Planning Area. b)Finding: The proposed architecture, site design, and landscape are suitable for the purposes of the building and the site and will enhance the character of the neighborhood and community.

Evidence: The proposed amendment to the warehouse building and façade improvements are consistent with other buildings in the same general area. The Applicant has maintained a cohesive design with adjacent buildings while also adding additional architectural features such as roof articulation and accent colors to highlight the building’s main entry and tower features. The architectural design of the building is suitable for the purpose of the building and the project will develop an existing vacant parcel. The project is requesting a height exception to increase the height to 43’-4” for additional architectural features.

The original project was approved at 48’ in height however this height is no longer needed.

The applicant has re-located the loading docks to the rear of the building, more in line with the MFSPA Design Guidelines. The loading dock area would be screened from Old Placerville Road by existing evergreen landscaping on the adjacent parcel as well as a 12’ screen wall along the edge of the dock area.

With the loading docks moved to the rear of the building, the front façade is able to be designed with a more office like façade consistent with buildings in the surrounding area.

The project proposes significant landscaping throughout the property. The landscape plan proposes 90 additional trees as well as a number of shrubs and groundcover. The rear of the property has existing dense landscaping on the adjacent parcels along the west property line, but the project will also be installing its own landscaping internal to the site. The project will share a parking lot with the adjacent Cal OES office building which already has some existing landscaping and parking lot shading trees. The new parking areas proposed with this project include landscaping that shows a 55% shade calculation, which exceeds the minimum 50 percent shading requirement required for parking areas.
c)Finding: The architecture, including the character, scale and quality of the design, relationship with the site and other buildings, building materials, screening of exterior appurtenances, exterior lighting and signing and similar elements establishes a clear design concept and is compatible with the character of existing or anticipated buildings on adjoining and nearby properties.

Evidence: The proposed amendment maintains the original color scheme and overall design concept that was originally approved in 2023. The colors are designed to be consistent with the existing structures in the area while also

ITEM 10.3. ATTACHMENT 1 Resolution No. XX-2025 Page 4 of 5
adding updated elements such as tower features and emphasized main entries.

The proposed amendment to relocate the loading docks to the rear of the building is consistent with the MFSPA Design Guidelines and provides an opportunity to allow the front façade to be consistent with surrounding office buildings. Loading docks in the rear are 4’ below grade and the west elevation will also include a 12’ screen wall protruding from the building providing in total 16’ of screening for the loading dock area along the west elevation.

The Applicant has provided a photometric plan that shows all lighting is positioned to shine internally to the site and any light trespass to adjacent properties or public rights-of-way is kept to a minimum. The project site shares a parking lot with the adjacent Cal OES building which the lighting will blend in cohesively with their existing parking lot. All wall pack lighting is shown to be pointed down to targeted areas to ensure no direct rays of light are pointed to neighboring properties.
d)Finding: The proposed project will not create conflicts with vehicular, bicycle, or pedestrian transportation modes of circulation.

Evidence: In addition to the project’s parking area added as part of the development, the project will also share a parking lot with the existing Cal OES office building located to the east. The project includes two access points along Peter A McCuen Boulevard, one of which exists. The other to the west that is proposed to be added will cross the existing pedestrian sidewalk. However, clear vision triangles have been maintained at the entrance to ensure visibility when exiting the project site. No other conflicts will result from the construction of this project.

The City Council, based upon the findings herein, hereby approves the Major Design Review Amendment and Height Exception for the Jackson Properties Warehouse Storage Building Project No. PLND-0924-0110.

PASSED AND ADOPTED by the City Council of the City of Rancho Cordova on the 17th day of March 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ITEM 10.3. ATTACHMENT 1 Resolution No. XX-2025 Page 5 of 5
____________________________
Siri Pulipati, Mayor
ATTEST:

Stacy Leitner, CMC
City Clerk

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ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

NTS
A
-
NTS
B
-
NTS
C
-
NTS
D
-
(E) VERTICAL

CURB & GUTTER
PL
4'
VARIES 26'

1.5'
(P) VERTICAL
CURB &
GUTTER
3:1

RETAINING
WALL 2.6' MAX
PL

PROPOSED

BUILDING

1.5%

REMOVE EXISTING

PARKING BAY
6'

PLANTER
6' PLANTER
STRIP

BIORETENTION BASIN SECTION
NTS
E
-
3:1
MAX 3:1
MAX
VARIES

BIORETENTION BASIN
18" MIN
12" MIN

SOIL MIX
CLASS 2 PERMEABLE
(P) BIORETENTION
BASIN
3:1
MAX
3:1

EXISTING
GROUND
6'

FILL SLOPE
(E) PAVING

1.5'
(P) VERTICAL
CURB &
GUTTER
2'
3:1
~7.7'

EXISTING METAL FENCE

TO BE REMOVED AND

REINSTALLED

6.5'

EXISTING
26' DRIVE AISLE
PROPOSED 31.5' DRIVE AISLE5'
SIDEWALK 18'

NEW PARKING BAY
12" MIN

EXISTING
GROUND
2' BERM
3:1
6' 1.5'
(P) VERTICAL
CURB &
GUTTER
PL
~14'-65'
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EV

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FUTUREEV

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EV
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EV
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103
105
104
106 110107 108 111109
4"PPP
4"PPP
18"D
4"PPP
4"PPP
10"D
15"D
FF = 87.5

OLD PLACERVILLE ROAD
PETER A McCUEN BOULEVARD
A
-
B
-
C
-

83.3MATCH (E)

83.5MATCH (E)

83.2MATCH (E)

0.5%
1%

83.5 R R R R R R R R R R R R R R R R R

83.6 1.5%

0.5%1%83.8LP

1.7%
3%

85.0 2.5%

84.8 83.4MATCH (E)

87.5 85.1

MATCH (E)

84.6 86.8

86.5 1.4%

1.0%

3.0%

82.4 1%

0.5%81.7

2.4%

80.3 TOP: 80.3
BOTTOM: 79.2

2.0%
1%
TW-BW=2.6'TW=85.3
BW=82.7
6'
FIRST 6' OF LOADING AREA TO BE

HYDRAULICALLY ISOLATED PER
SACRAMENTO COUNTY. SEE
PRELIMINARY UTILITY PLAN.

EX GR = 81.8
EX 15" INV 77.30
(E) SDMH
ADJ RIM = 86.0
EX 15" INV THRU = 76.70
EXISTING 15" SD
S=0.0027
GR = 85.8
10" INV = 81.8
RIM 82.3
EX 18" OUT 75.30
CONNECT TO EX 15" INV 78.0
ADJUST RIM 83.0
EX 12" IN (N,S) 79.20
EX 15" OUT 78.44
R

85.9 81.2
TOE

EXISTING SMUD
UNDERGROUND UTILITY.

LOCATION TO BE CONFIRMED

PRIOR TO COMMENCEMENT

OF SITE WORK AND WALL
CONSTRUCTION.

81.0 83.4

82.5 81.6
1%

83.5 83.6

84.7 84.2

82.8 85.1

83.5 83.6

82.9 1.3%
1%
5%

0.5%

82.9 1.3%

83.5 83.6
1%

82.9 1.3%

1.3%
1%

87.1 85.9
TOP: 83.5
BOTTOM: 82.3

85.0 84.6

86.8 87.0

86.9 84.8

85.8 83.7
EX

85.5 EX

86.9 86.0
3%86.8

GB GB GB GB GB GB GB GB GB GB GB GB

86.8 86.5 86.5 86.3

1.5%

1.5%

86.8 85.5

86.8 85.8
3%

1.4%

86.5 84.7

85.7 85.7
3%
R
R
R
R
5%

3.8%

86.4 4%
4%
1%
1%

AMENDED SOIL WITH

DISCONNECTED ROOF

BIORETENTION PLANTER

MEETS TREATMENT

BIORETENTION PLANTER

MEETS LID AND HYDROMOD

BUT REQUIRES DOWNSTREAM

TREATMENT

CONTECH STORMFILTER VAULT
18" CARTRIDGES, WQ TREATMENT
INV. 77.33 IN, 75.83 OUT

RELOCATE

ELECTRICAL VAULT

RELOCATE

TELEPHONE VAULT
TW-BW=3.3'
TW=86.0
BW=82.7
TW-BW=1.2'TW=85.3
BW=84.1
TW-BW=2.7'
TW=85.0
BW=82.3

87.5 85.1

86.9 86.2

1.1%

85.8 85.5

87.5 87.4

4.8%

86.1 86.9 86.6

87.5 EXISTING PUBLIC WATER

TO BE REMOVED AND

RELOCATED
GR 80.2
12" INV = 77.55
GR = 83.4
10" INV = 80.4
EX 15" INV=76.86
(E) DI
GR = 80.49
EX 15" INV IN = 76.70
36"FL 73.9 (ASSUMED)
CAUTION: EXISTING

UNDERGROUND UTILITIES
CAUTION: EXISTING

UNDERGROUND UTILITIES

PROPERTY LINE

PROPERTY LINE

PROPERTY LINE

PROPERTY LINED
-

DRAINAGE

SHED LINES,
TYP

87.5 87.5

86.93.0%

86.4 86.6

87.5 4.1%
GB
GB
GB
GB
GB
GB

5.2%

86.9 85.9 85.4

85.8 1.6%
GB

1.5%
GB

3.0%

1.5%

EXISTING ASPHALT TO BE

REMOVED AND REPLACED WITH

AT GRADE LOADING DOCK
1%
RIM 82.30
12" 75.78
15" IN 77.80
18" OUT 75.50

EXISTING STALL INCLUDED

IN PARKING COUNT

93.75'
130.19'

81.4 TW-BW=2.8'
TW=84.0
BW=81.2
TW-BW=1.8'
TW=83.0
BW=81.2

82.3 82.0
TW-BW=1.4'
TW=82.6
BW=81.2

81.7 81.8

3.7%
1%

1.6%

3.2%

0.5%0.6%

FIRE TRUCK TURN RADII, TYP
(25' INSIDE, 50' OUTSIDE)
12' HIGH LOADING

DOCK SCREEN WALL
6'-WIDE COBBLE

LINED SWALE
FUTURE
COMMS
TOWER

EQUIPMENT
BLDG
SCALE:

HORIZ.

VERT.
1" =
1" =

BENCH MARK COMPUTED

DESIGNED
DRAWN
PROJ. ENGR.

DATE
SHEET
OF
JOB NO.
web: www.mpengr.com
600 Coolidge Drive, Suite #140
Folsom, CA 95630
phone: (916) 984-7621
Fresno*Folsom

REVISIONS
NO. DESCRIPTION ENGR. DATEDATE E.U.

APPD. APPD.

Dwg: X:\2021\21-0071-00 (MATHER CARGO)\DWG\PLAN\WORKING\210071-PG01.DWG | Saved: 02-05-25 03:15pm SMEHL 21-0071-00
FEB 5, 2025
1 2
40'
N/A

MATHER CARGO PARK

PRELIMINARY GRADING PLAN

RANCHO CORDOVA, CALIFORNIA

NOT FOR CONSTRUCTION
JDT
RC
JDT

GRAPHIC SCALE
1 in = 40 ft
0 20 40 40 80
ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

4"PPP
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FUTUREEV

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103
105
104
106 110107 108 111109
4"PPP
4"PPP
50°9'39"
11'
18"D
4"PPP
4"PPP
10"W
6"S
8"S
8"S
8"S
8"S
10"D
8"S
8"W
10"W
10"W
10"W10"W
10"W
15"D
FF = 87.5

OLD PLACERVILLE ROAD
PETER A McCUEN BOULEVARD

R R R R R R R R R R R R R R R R R
TOP: 80.3
BOTTOM: 79.2
6'
FIRST 6' OF LOADING AREA TO BE HYDRAULICALLY
ISOLATED PER SACRAMENTO COUNTY.

INSTALL TRENCH DRAIN AND CONNECT TO SEWER

EX GR = 81.8
EX 15" INV 77.30

EX RIM = 85.0
EX 15" INV THRU = 76.70
199 LF ~ EXISTING 15" SD
S=0.0027
GR = 85.5
10" INV THRU = 78.37
ADJUST RIM x
EX 12" IN (N,S) 79.20
EX 15" OUT 78.44

EXISTING SMUD
UNDERGROUND UTILITY.

LOCATION TO BE CONFIRMED

PRIOR TO COMMENCEMENT

OF SITE WORK AND WALL
CONSTRUCTION.

TOP: 83.5
BOTTOM: 82.4

AMENDED SOIL WITH

DISCONNECTED ROOF

BIORETENTION PLANTER

MEETS TREATMENT

BIORETENTION PLANTER

REQUIRES DOWNSTREAM

TREATMENT

CONNECT TO (E) WATERLINE

VERIFY DEPTH
REMOVE 421' OF EXISTING 10' WATERLINE
AND ABANDON 15' EASEMENT
REMOVE 15' WATER EASEMENT

OIL / WATER SEPARATOR (CONTECH
SFMH48 OR EQUIVALENT)

CONNECT TO (E) WATERLINE

VERIFY DEPTH

NEW STORM DRAIN

MANHOLE, CONNECT
TO EXISTING 15" DRAIN

CONNECT TO
EXISTING 8" SEWER,
EX. INV=70.76

SEWER MANHOLE
RIM=86.3, INV=71.11
70 LF 8" SS @ S=0.005239LF 8" SS @ S=0.005SEWER MANHOLE RIM=84.6, INV=72.30

SEWER MANHOLE
RIM=84.8,
INV=72.64
48LF 8" SS @ S=0.005

SEWER MANHOLE
RIM=86.5,
INV=73.84
218LF 8" SS @ S=0.005

SEWER MANHOLE
RIM=83.2,
INV=74.51
116LF 8" SS @ S=0.005

SEWER MANHOLE
RIM=82.8, NV=76.45
CAUTION: EXISTING

UNDERGROUND UTILITIES
CAUTION: EXISTING

UNDERGROUND UTILITIES

PROPERTY LINE

PROPERTY LINE

PROPERTY LINEPROPOSED

RETAINING WALL

PROPOSED DOMESTIC

AND IRRIGATION SERVICE
FIRST 6' OF LOADING AREA TO BE HYDRAULICALLY
ISOLATED PER SACRAMENTO COUNTY.

INSTALL TRENCH DRAIN AND CONNECT TO SEWER
345LF 8" SS @ S=0.0100

CONNECT TO (E) WATERLINE

VERIFY DEPTH

PROPOSED FIRE DEPARTMENT CONNECTION

WITH DOUBLE DETECTOR CHECK ASSEMBLY
PROPOSED 15' WATER EASEMENT
PROPOSED 15' WATER EASEMENT
PROPOSED 15'

WATER EASEMENT

EXISTING STALL INCLUDED

IN PARKING COUNT
RIM 82.3
EX 18" OUT 75.30

CONNECT TO
EX 15" INV 78.0
RIM 82.30
12" 75.78
15" IN 77.80
18" OUT 75.50
GR = 80.2
12" INV = 77.55

HINGE POINT

CONTECH STORMFILTER VAULT
18" CARTRIDGES, WQ TREATMENT
INV. 77.33 IN, 75.83 OUT

FIRE TRUCK TURN RADII, TYP
(25' INSIDE, 50' OUTSIDE)
12' HIGH LOADING

DOCK SCREEN WALL
6'-WIDE COBBLE

LINED SWALE FUTURE
COMMS
TOWER

EQUIPMENT
BLDG
SCALE:

HORIZ.

VERT.
1" =
1" =

BENCH MARK COMPUTED

DESIGNED
DRAWN
PROJ. ENGR.

DATE
SHEET
OF
JOB NO.
web: www.mpengr.com
600 Coolidge Drive, Suite #140
Folsom, CA 95630
phone: (916) 984-7621
Fresno*Folsom

REVISIONS
NO. DESCRIPTION ENGR. DATEDATE E.U.

APPD. APPD.

Dwg: X:\2021\21-0071-00 (MATHER CARGO)\DWG\PLAN\WORKING\210071-UT01.DWG | Saved: 02-05-25 03:21pm SMEHL 21-0071-00
FEB 5, 2025
2 2
40'
N/A

MATHER CARGO PARK

PRELIMINARY UTILITY PLAN

RANCHO CORDOVA, CALIFORNIA

NOT FOR CONSTRUCTION
JDT
RC
JDT

GRAPHIC SCALE
1 in = 40 ft
0 20 40 40 80
ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution

18"D
4"PPP
4"PPP
10"W
6"S
8"S
8"S
8"S
8"S
10"D
8"S
8"W
10"W
10"W
10"W 10"W
10"W
15"D
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
VAN
FUTURE
EV
VAN
105
104
106
107
108
109
4"PPP
4"PPP
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
FUTURE
EV
VAN
FUTURE
EV
VAN

EXISTING TREE

TO REMAIN
(TYPICAL)

AREA INCLUDED IN

PARKING LOT SHADING

CALCULATION

PARKING LOT
SHADING VALUE:

F = FULL
TQ = THREE-QUARTERS
H = HALF
Q = QUARTER

BIORETENTION
BASIN
FIVE 8" CANARY

ISLAND PINES

TOPPED FOR

OVERHEAD LINES
TO REMAIN.

OFFSITE 3"-10" COAST

REDWOODS (TOPPED

FOR OVERHEAD LINES)
TO REMAIN (TYPICAL).

GENERALLY, NO

GRADING WILL
OCCUR WITHIN 6' OF
THE PROPERTY LINE.

CLEAR VISION TRIANGLE (NO
PLANTS OVER 30" HEIGHT)

CLEAR VISION TRIANGLE (NO
PLANTS OVER 30" HEIGHT)
EXISTING 4" RED MAPLES
TO REMAIN (TYPICAL).

EXISTING S.M.U.D.

UTILITY. LOCATION

TO BE VERIFIED

BIORETENTION
BASIN

SITE LIGHT
(TYPICAL)

POTENTIAL
COMM.

TOWER
TRASH
EQUIP.

BLDG.
(E) 6" FLOWERING

PEAR TO BE REMOVED
(E) 6" LONDON PLANE

TO BE REMOVED
7'-5"
8"-10" COAST

REDWOODS (TOPPED

FOR OVERHEAD LINES)
TO REMAIN.
12' HIGH NATIVE

EVERGREEN SHRUB
SCREEN (FRANGULA C.
& HETEROMELES A.)
CEDRUS DEODARA/DEODAR CEDAR15 GALLON11
CERCIS CANADENSIS 'OKLAHOMA'/REDBUD (STANDARD)15 GALLON7 LAURUS NOBILIS "SARATOGA"/GRECIAN LAUREL15 GALLON 25

OLEA EUROPEA 'SWAN HILL'/FRUITLESS OLIVE24" BOX24
PARROTIA PERSICA/PERSIAN PARROTIA15 GALLON12
PISTACIA CHINENSIS/CHINESE PISTACHE15 GALLON7
QUERCUS LOBATA/VALLEY OAK15 GALLON4
ROSA X. 'MEIJOCOS'/PINK DRIFT ROSE1 GALLON
ROSA X. HYBRIDA 'MEIRADENA'/ICECAP ROSE5 GALLON
ROSA CALIFORNICA/WILD ROSE*5 GALLON
PENSTEMON HETEROPHYLLUS 'MARGARITA B.O.P.'/BEARD TONGUE1 GALLON NANDINA DOMESTICA 'GULF STREAM'/DWF. HEAVENLY BAMBOO5 GALLON MYOPORUM PARVIFOLIUM/CREEPING BOOBIALLA1 GALLON
LOMANDRA LONGIFOLIA 'LOMLON'/LIME TUFF MAT RUSH1 GALLON DIETES BICOLOR1 GALLON
CAREX SPISSA/SAN DIEGO SEDGE*1 GALLON
CAREX DIVULSA/EURASIAN GRAY SEDGE*1 GALLON
COTONEASTER D. "LOWFAST"/PROSTRATE COTONEASTER5 GALLON
CALAMAGROSTIS X. "STRICTA"/FEATHER REED GRASS1 GALLON
CALLISTEMON V. 'LITTLE JOHN'/DWF. BOTTLE BRUSH5 GALLON
CHONDROPETALUM TECTORUM/DWF. CAPE RUSH*5 GALLON
BACCHARIS PILULARIS 'PIGEON POINT'/DWF. COYOTE BRUSH*1 GALLON ARCTOSTAPHYLOS D. "HOWARD McMINN"/MANZANITA*5 GALLON
ACACIA REDOLENS "DESERT CARPET"/PROSTRATE ACACIA5 GALLON LOW LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
LOW
2'x10'
4'x8'
2'x8'
3'x5'
3'x6'
2'x2'
1'x8'
1'x3'
3'x3'
3'x5'
3'x4'
1'x10'
3'x2'
1'x4'
5'x8'
4'x4'
2'x6'
S.F.S.F. EXISTING QUERCUS V. 9620 0 2 0 962
S.F.S.F. EXISTING ULMUS P. 9620 0 0 1 241
' DIA. TREES30
S.F.S.F. CEDRUS DEODARA 7060 0 1 0 353
S.F.S.F. LAURUS NOBILIS 7060 6 0 1 3354
' TOTAL:S.F. 303707
' DIA. TREES35
S.F.S.F. PISTACHIA CHINENSIS 9620 5 0 1 3848
' TOTAL:S.F. 355051

VERY LOW
LOW

PER CITY
LIST
LOW
LOW
LOW
LOW
20'x20'
25'x25'
30'x30'
40'x40'
60'x70'
40'x30'
60'x40'
LOW
FRANGULA CALIFORNICA/CALIFORNIA COFFEEBERRY5 GALLON LOW12'x15' HETEROMELES ARBUTIFOLIA/TOYON5 GALLON VERY LOW12'x15'

MATHER CARGO PARK

PRELIMINARY LANDSCAPE PLAN
JACKSON PROPERTIES, INC.

Garth Ruffner
Landscape Architect
(916)797-2576
20' 5'50'
010'30'100'
LA01
1" = 30'-0"
2/4/2025
ITEM 10.3.

ATTACHMENT 2
Exhibit A to the Resolution