3788 McCray Street
Riverside, CA 92506
951.200.8600
May 6, 2022
Marcus Fuller
City Manager
City of Rialto
150 S. Palm Avenue
Rialto, CA 92376
RE: Change Proceedings Services for Community Facilities District No. 2020-1 (El Rancho Verde)
Dear Mr. Fuller:
WEBB Municipal Finance, LLC (WEBB) is pleased to submit this proposal to provide change proceedings services for the above referenced special financing district.
Our proposed Scope of Services for the modification of Community Facilities District No. 2020-1 (El Rancho Verde) is shown in Attachment A. Below is a brief summary of some of the services included in this proposal:
CHANGE PROCEEDINGS SERVICES
Kickoff Meeting and Gathering Information: We will work to establish lines of communication and gain understanding of the specific goals, components and criteria to meet the City’s needs. We will meet with the City’s Staff, legal counsel, team of consultants and project proponents to confirm the CFD’s schedule of events, procedural and financial considerations, establish the appropriate land use classifications and discuss and identify the boundaries of the proposed CFD.
Tax Spread: Based on the proposed structure of the Special Tax formula, WEBB will determine the appropriate methodology for allocating the appropriate costs to the various land use classifications and if possible be consistent with the previously approved methodology of the City’s financing districts. We will also work with City Staff to establish the appropriate tax rate structure based on anticipated development and ultimate service cost needs.
Rate and Method of Apportionment and Public Report Preparation: We will prepare a proposed Rate and Method of Apportionment (RMA). The RMA will take into consideration: clarity of language in the definition of terms, ability of the property to be assigned to different tax classifications, and presence of a mechanism to levy taxes in the event of a change in projects and usage. WEBB will also prepare the CFD public report, including a description of the municipal services to be performed and projected annual special tax.
Boundary Map: Our team of engineers and GIS Specialists will prepare the Boundary Map illustrating the boundaries proposed for inclusion in the district capturing the entirety of any parcel subject to taxation by the proposed district. The map shall meet the requirements of the Mello -Roos Act and the San Bernardino County Recorder’s Office. Additionally, we will record the map with the Recorder’s Office.
In addition to the previous ly mentioned formation services we will assist with the Landowner Election, and assist with preparing the Notice of Special Tax lien.
COMPENSATION
We propose to be compensated a fixed fee for services performed according to the schedule outlined as follows:
FIXED FEE SCHEDULE
Service Fee
CFD No. 2020-1 (El Rancho Verde)
Change Proceedings Services $25,000
Total $25,000
For the services performed related to the projects which are not listed herein, compensation shall be at the hourly rates set forth on Attachment B, together with reimbursement, at cost, for incidental expenses incurred in connection with such services, together with reimbursement for outside services at cost plus 15%.
We have enjoyed working with the City in the past and look forward to continuing our long -standing relationship. If you have any questions regarding our proposal, or if additional information is needed, please contact me directly at (951) 830-2439.
Sincerely,
Heidi Schoeppe
President/Managing Director
CONCURRENCE OF CITY OF RIALTO
This authorizes Webb Municipal Finance, LLC to proceed with the services outlined in Attachment A and bill a total of $25,000.
_____________________________________
Marcus Fuller
City Manager
City of Rialto
ATTACHMENT A
Scope of Services
CHANGE PROCEEDINGS SERVICES
Task 1.1 – Kickoff Meeting and Gathering Information: The purpose of this task is to establish lines of communication and gain understanding of the specific goals, components and criteria to meet the City’s needs. WEBB will meet with the City’s Staff, legal counsel, team of consultants and project proponents to confirm the CFD’s schedule of events, procedural and financial considerations, establish the appropriate land use classifications and discuss and identify the boundaries of the proposed CFD.
Task 1.1.A – Data Collection: WEBB will obtain the latest assessor’s parcel maps and equalized tax roll information from the San Bernardino County Assessor’s Office for the parcels within the proposed CFD, and Geographic Information System (GIS) shape files for our in-house GIS platform.
Task 1.2 – Tax Spread: Based on the proposed structure of the Special Tax formula, WEBB will determine the appropriate methodology for allocating the costs to the various land use classifications.
Task 1.3 – Rate and Method of Apportionment and Public Report Preparation : WEBB will prepare a proposed Rate and Method of Apportionment that takes into consideration the various land use classifications and provides the necessary flexibility for a variety of developments to be included in the project area. The RMA will take in to consideration: clarity of language in the definition of terms, ability of the property to be assigned to different tax classifications, and presence of a mechanism to levy taxes in the event of a change in projects and usage. WEBB will also prepare the CFD public report, including a description of the services and projected annual special tax .
Task 1.4 – Landowner Election: WEBB will prepare a list of the owner names and acreages and obtain a certificate from the Registrar of Voters whether confirming there are, or are not, registered voters within the boundaries of the CFD.
Task 1.5 – Notice of Special Tax Lien: WEBB will provide a list of Assessor’s Parcels for the Notice of Special Tax Lien and record the notice.
Task 1.6 – Document Review and Preparation: WEBB will review and prepare the required documents for the formation of the CFD.
Task 1.7 – Consulting Services: WEBB will provide consulting services and advice to the City as necessary, including due diligence to ensure accuracy in the process and clear written documentation in our approach when structuring the Rate and Method of Apportionment. For quality assurance purposes, WEBB has instituted an internal auditing and review policy that requires a minimum of two individuals with the appropriate expertise to review and audit any information prior to dissemination of that information to the client.
Task 1.8 – Boundary Map: WEBB’s team of engineers and GIS Specialists will prepare the Boundary Map illustrating the boundaries of territory proposed for inclusion in the district capturing the entirety of any parcel subject to taxation by the propose d district. The map shall meet the requirements of the Mello - Roos Act and the San Bernardino County Recorder’s Office. Additionally, WEBB will record the map with the Recorder’s Office.