28202 CABOT RD | SUITE 620 | LAGUNA NIGUEL, CA 92677
PHONE: (949) 542-7070 | FAX: (949) 542-7076
www.zimmermangroup.com
May 4, 2022
Mr. Marcus Fuller
City Manager
City of Rialto
150 S Palm Ave,
Rialto, CA 92376
Office: 909-820-2528
Email: [email protected]
Re: River Ranch - CFD No. 2020-1, Change Proceeding Request
Mr. Fuller,
On behalf of Lennar Homes (“Developer”), we are submitting this request for a modification of City of Rialto Community Facilities District No. 2020 -1 (El Rancho Verde) ( “CFD”). This CFD modification is being requested to, among other things, adjust the special tax rates to reflect the product , pricing and land use assumptions of the Developer and increase the CFD special taxes to cover increases in development costs. The CFD modifications and proposed schedule are detailed in the attached CFD Exhibits, summarized as follows:
Exhibit A - CFD Modification Milestone Schedule
Exhibit B - CFD Effective Tax Rate and Bond Sizing Analysis Exhibit C - List of CFD Eligible Facilities
Exhibit D - Summary of Acreage & Undeveloped Property Tax Rates Exhibit E - Net Taxable Acreage
CFD Modification Timing
The requested CFD modifications need to be completed prior to the first home closings. Since timing for this amendment is critical, we have prepared a proposed CFD Modification Milestone Schedule that de tails the tasks and responsib ilities to complete this amendme nt by the end of A ugust 2022. A s outlined in the attached Exhibit A , we are proposing the City Council takes the first action of adopting a Resolution of Consideration to amend the CFD (i.e., synonymous with what is often referred to as the ROI ) at the July 14th Council meeting and the second action to adopt a Resolution of Change (i.e., synonymous with what is often referred to as the ROF) at the August 25th Council meeting.
As you are aware, development of the River Ranch project is progressing rapidly with first home closings scheduled for early fourth quarter 2022. For this reason, we need to move forward expeditiously.
Please forward a request for deposit to cover th e City and its consultant’s costs for p rocessing this CFD amendment. Please contact me if you have any questions regarding this request.
Sincerely,
John Zimmerman
Principal
CC: Ryan Combe, Lennar Homes
Geoff Smith, Lennar Homes
Exhibit A
City of Rialto CFD No. 2020-1 (Change Proceeding)
CFD Modification Milestone Schedule
May 4, 2022
CFD Participants
City of Rialto ("City") - Lead Agency
City Bond Counsel ("CBC")
Webb Financial Services ("WFS")
Lennar Homes ("DEV")
Developer Financial Consultant ("DFC")
Developer Legal Counsel ("DLC")
Estimated
Responsible Completion Date
Item Party Week Of:
1 CFD Kick-off call as needed to discuss proposed CFD Modification schedule and responsibilities. All Week Of:
May 16, 2022
2 Draft Rate and Method of Apportionment ("RMA") and Amended CFD Boundary Map circulated for review and comment. WFS Week Of:
May 23, 2022
3 Comments due on first draft of RMA and CFD Boundary Map. ALL Week Of:
May 30, 2022
4 Resolution of Change, Reso. of Bonded Indebtedness, Landowner Petition, etc ("ROI Documents") circulated for review and comment. CBC Week Of:
May 30, 2022
6 Second draft RMA, CFD Boundary Map, and ROI Documents circulated for review. WFS / CBC Week Of:
June 6, 2022
7 Draft City "Funding Agreement" circulated for review and comment. DLC / CBC Week Of:
Dec 17, 2018
7 Final sign-off on Amended RMA, Amended CFD Boundary Map, and ROI Documents ALL Jun 29, 22
8 City Staff prepares City Council Agenda Package and all required reports and resolutions for docketing ROI Documents. City Staff / CBC Jun 29, 22 9 City agenda cutoff date to docket ROI Documents. City Staff Jul 03, 22 10 Developer delivers signed CFD Petition to the City
(DELIVERED TO CITY NO LATER THAN) DEV Jul 13, 22
11 City Council meets to consider approval of the following: (i) ROI Documents, (ii) CFD Boundary Map, and (iii) Amended RMA. City Council Jul 14, 22 12 Resolution of Change, Election Waiver, Landowner Ballots, etc ("ROF Documents") circulated for review and comment. CBC Week Of:
July 18, 2022
13 Amended CFD Report circulated for review and comment. CBC Week Of:
July 18, 2022
14 Final sign-off on ROF Documents. ALL Aug 10, 22
15 City agenda cutoff date for ROF Documents. City Staff Aug 14, 22 16 Developer completes Election Ballot and signed Election Waiver (DELIVERED TO CITY NO LATER THAN) DEV Aug 22, 22
17 City meets to conduct Public Hearing and consider approval of the following:
(i) ROF, (ii) Funding Agreement, and (iii) CFD Report. City Council Aug 25, 22 18 Record Amended Notice of Special Tax Lien (within 15 days). City Staff Sep 09, 2022 Agency Meetings Dates
City of Rialto meets the second and fourth Tuesdays.
CFD FORMATION SCHEDULE
Exhibit B
City of Rialto CFD No. 2020-1 (Change Proceeding)
Lennar Homes - River Ranch (Tr. 20092)
CFD Effective Tax Rate and Bond Sizing Analysis
May 4, 2022
Bond Interest Rate & Total Funding Scenarios ($16 LMD Estimate) Assumptions Estimated Sources & Uses of Funds Allocation of Improvement Fund (5.00% interest rate) Est. Tax Rate 1.88% Sources Description* Per Unit Total Bond Term (Years) 35 Par Bond Amount 38,565,000$ City of Rialto Fees 9,639$ 7,479,918$ Average Int. Rate 5.00% WVWD Fees 12,274 9,524,624
Admin. Expense 25,000 Uses City Backbone Improvements 2,851 2,212,094 Cost of Issuance $675,000 Reserve Fund 2,752,431$ WVWD Water Improvements 15,003 11,642,531 Cap. Int.(Mnths) 6 Cap. Interest 946,064 City PA Improvements (Intracts) 3,300 2,561,038 Und. Discount 2.00% Und Discount 771,300 Contingency - - Esc. Debt Service 2.00% Issuance Costs * 675,000 Total CFD Funding 43,067$ 33,420,205$ Special Tax Rev. 2,062,660$ Imp. Fund 33,420,205
Total Uses 38,565,000$
* Assumes $225K per bond issue.
Land Use Information & Total Property Tax Rates Special Tax Revenues City Ad Other RUSD City of Total Tax Annual Annual
Tax Plan | CFD SF Base Valorem Fixed CFD Rialto CFD Total Tax Rate % Special Special Tax Zone PA Lot Size Home SF Category Pricing(a) Taxes(b) Chrgs(c) 2019-1(d) 2020-1(e) Per Unit (f) Tax Unit Mix Collections 1 1 3,760 SF 1 | 2,286 ≤ 2,400 604,188$ 7,651$ 369$ 672$ 2,667$ 11,359$ 1.880% 2,667$ 43 114,679$ 1 1 3,760 SF 2 | 2,547 2,401 - 2,600 624,527 7,908 369 699 2,765 11,741 1.880% 2,765 44 121,647 1 1 3,760 SF 3 | 2,700 ≥ 2,601 633,900 8,027 369 725 2,796 11,917 1.880% 2,796 43 120,238 2 6 3,760 SF 1 | 1,547 ≤ 1,800 569,990$ 7,218$ 369$ 541$ 2,410$ 10,538$ 1.849% 2,410$ 32 77,121$ 2 6 3,760 SF 2 | 1,705 ≤ 1,800 543,845 6,887 369 559 2,410 10,224 1.880% 2,410 33 79,531 2 6 3,760 SF 3 | 1,843 1,801 - 2,000 582,990 7,382 369 576 2,633 10,960 1.880% 2,633 33 86,875 2 6 3,760 SF 4 | 2,064 ≥ 2,001 593,990 7,522 369 628 2,648 11,167 1.880% 2,648 33 87,386 3 2A 5,000 SF 1 | 1,792 ≤ 2,500 598,750$ 7,582$ 369$ 559$ 2,724$ 11,234$ 1.876% 2,724$ 24 65,378$ 3 2A 5,000 SF 2 | 2,203 ≤ 2,500 613,500 7,769 369 672 2,724 11,534 1.880% 2,724 24 65,378 3 2A 5,000 SF 3 | 2,590 ≥ 2,501 639,205 8,094 369 699 2,855 12,017 1.880% 2,855 25 71,370 3 2B 5,000 SF 1 | 1,741 ≤ 2,500 599,900 7,597 369 559 2,724 11,248 1.875% 2,724 24 65,378 3 2B 5,000 SF 2 | 1,950 ≤ 2,500 613,789 7,772 369 576 2,724 11,442 1.864% 2,724 25 68,102 3 2B 5,000 SF 3 | 2,091 ≤ 2,500 621,202 7,866 369 628 2,724 11,588 1.865% 2,724 24 65,378 3 4 5,000 SF 1 | 1,792 ≤ 2,500 598,750 7,582 369 559 2,724 11,234 1.876% 2,724 25 68,102 3 4 5,000 SF 2 | 2,203 ≤ 2,500 613,500 7,769 369 672 2,724 11,534 1.880% 2,724 26 70,826 3 4 5,000 SF 3 | 2,590 ≥ 2,501 639,205 8,094 369 699 2,855 12,017 1.880% 2,855 26 74,225 4 3 6,000 SF 1 | 2,140 ≤ 2,700 639,205$ 8,094$ 369$ 628$ 2,926$ 12,017$ 1.880% 2,926$ 21 61,436$ 4 3 6,000 SF 2 | 2,809 2,701 - 2,950 670,975 8,497 369 765 2,984 12,614 1.880% 2,984 22 65,653 4 3 6,000 SF 3 | 3,325 3,201 - 3,450 710,900 9,002 369 808 3,186 13,365 1.880% 3,186 22 70,082 4 3 6,000 SF 4 | 4,122 ≥ 3,951 770,500 9,757 369 808 3,551 14,485 1.880% 3,551 22 78,129 5 5 Cluster 1 | 1,577 ≤ 1,800 527,500$ 6,680$ 369$ 541$ 2,322$ 9,912$ 1.879% 2,322$ 51 118,421$ 5 5 Cluster 2 | 1,606 ≤ 1,800 529,500 6,705 369 559 2,322 9,955 1.880% 2,322 51 118,421 5 5 Cluster 3 | 1,705 ≤ 1,800 543,845 6,887 369 559 2,322 10,136 1.864% 2,322 52 120,743 5 5 Cluster 4 | 1,937 ≥ 1,801 563,500 7,136 369 576 2,513 10,594 1.880% 2,513 51 128,161 CFD Total / Avg 2,129 598,852$ 7,583$ 369$ 626$ 2,658$ 11,236$ 1.876% 2,658$ 776 2,062,660$ Footnotes:
(a) Product and pricing per Lennar Homes 9/23/21.
(b) Ad Valorem taxes total 1.26630% of the assessed value for FY 21-22. (c) Estimated other fixed charges and assessments for FY 21-22: Amount Rialto Vector Control…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..5.62$ Rialto SLD No. 1…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..26.08 Rialto LLMD No. 2 (Zone 21 - Dormant) (Assessment to be levied only if HOA fails)…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..- Rialto LLMD No. 2 Zone L (Streetlights) -- Maximum amount per unit…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..16.13 City of Rialto Services CFD Special Tax B (Police, Fire and Park Maintenance) (Fiscal Year 2021-22)…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..321.03 Total Fixed Charges 368.86$
(d) Represents the fiscal year 2021-22 Special Tax for Rialto Unified School District CFD No. 2019-1 , which shall increase by 2% annually. (e) Represents the Special Tax for City of Rialto CFD 2020-1 for fiscal year 2021-22, which shall increase by 2% annually. (f) Total Effective Tax Rate does not include Burrtec Trash Collection services fee of $359.82 for tax year 2020-21, which has recently been charged through the property tax bill.
Exhibit C
City of Rialto CFD No. 2020-1 (Change Proceeding)
Lennar Homes - River Ranch (Tr. 20092)
List of CFD Eligible Facilities
May 4, 2022
Total Residential Units 776
CFD Total
City of Rialto Per Unit Total
Development Impact Fees (a)
1 General Facilities 990$ 768,240$
2 Police Facilities 870 675,120
3 Fire Facilities 420 325,920
4 Library Facilities 250 194,000
5 Street Medians 70 54,320
6 Wastewater Collection 1,440 1,117,440
7 Wastewater Treatment (As of July 22, 2020) 2,066 1,603,270 8 Regional Traffic Fees (As of July 22, 2020) 3,533 2,741,608 9 Total City Fees 9,639$ 7,479,918$
10 11 Backbone Improvements (b)
12 Street Improvements (Spine Rd) 2,264$ 1,756,756$ 13 Traffic Signal ESTIMATE 451 350,000
14 Design, Planning, and Engineering (c) 136 105,338 15 Subtotal Offsite Improvements 2,851$ 2,212,094$ 16 17 PA Improvements (b)
18 Street Improvements - PA 2 & 3 Bid 2,522$ 1,956,956$ 19 Street Improvements - PA 5 & 6 Bid 2,756 2,138,352 20 Street Improvements - PA 1 & 4 Bid 2,586 2,007,070 21 Design, Planning, and Engineering (c) 786 610,238 22 Total Onsite Improvements 8,650$ 6,712,616$ 23 24 Total City Fees & Improvements 21,140$ 16,404,628$ 25 26 West Valley Water District ("WVWD")
27 Water System Connection Fee 11,076$ 8,594,976$ 28 Fire Flow Charge 1,198 929,648
29 Total WVWD Fees 12,274$ 9,524,624$
30 31 WVWD Improvements
32 Backbone - 30" waterline, 12" Waterline Bid 6,932 5,379,529 33 Intract Water Improvements - PA 2 & 3 Bid 2,899 2,249,340 34 Intract Water Improvements - PA 5 & 6 Bid 2,272 1,762,846 35 Intract Water Improvements - PA 1 & 4 ESTIMATE 2,186 1,696,409 36 Design, Planning, and Engineering (c) 714 554,406 37 Subtotal WVWD Improvements (b) 15,003$ 11,642,531$ 38 39 Total WVWD Fees & Improvements 27,277$ 21,167,155$ 40 41 Total CFD Eligible Facilities 48,417$ 37,571,783$ Footnotes
(c) Represents estimated design, planning, and engineering costs of approximately 15%. (a) Per Section 5.2 of the Pre-Annexation and Development Agreement ("DA"), the City will charge and impose only the fees listed in "Exhibit C, Development Impact Fees" of the DA for the Project. Such fees are fixed according to the terms of the DA. The Wastewater (b) Costs are preliminary and subject to change.
Exhibit D
City of Rialto CFD No. 2020-1 (Change Proceeding)
Lennar Homes - River Ranch (Tr. 20092)
Summary of Acreage & Undeveloped Property Tax Rates
May 4, 2022
CFD Zone 1 2 3 Zn 3 Total 4 5
Tract Number 20204 (Lot 1) 20209 (Lot 6) 20205 (Lot 2) 20207 (Lot 4) 20206 (Lot 3) 20208 (Lot 5) Product Type 3,760 SF 3,760 SF 5,000 SF 5,000 SF 6,000 SF Motor Court Developed Property Revenues (See Exhibit C) (1) $356,564 $330,912 $400,985 $213,153 $614,138 $275,300 $485,747 Total Units (2) 130 131 146 77 223 87 205
I. Derivation of Minimum Taxable Acreage
Net Taxable Acreage (See Exhibit E) (3) 13.42 14.56 19.57 10.38 29.95 15.65 16.07 Contingency (10%) (4) 1.34 1.46 1.96 1.04 3.00 1.57 1.61 Minimum Taxable Acreage [ (3) - (4) ] (5) 12.08 13.11 17.61 9.34 26.96 14.09 14.47 II. Maximum Special Tax for Debt Service
Undeveloped Property Rate Per Acre [ (1) / (5) ] (6) $29,525 $25,246 $22,783 $19,542 $33,577
Exhibit E-1 Exhibit E-2
City of Rialto CFD No. 2020-1 (Change Proceeding) City of Rialto CFD No. 2020-1 (Change Proceeding) Lennar Homes - River Ranch (Tr. 20092) Lennar Homes - River Ranch (Tr. 20092) Net Taxable Acreage Net Taxable Acreage
May 4, 2022
Zone 1 Zone 2 Zone 3
Lot 1 Lot 6 Lot 2
Tract 20204 Tract 20209 Tract 20205
Lot Size Lot Size Lot Size Lot Size Lot Size Lot Size
1 6,688 51 4,439 101 3,760 1 10,643 51 3,883 101 5,029 2 5,661 52 4,497 102 3,760 2 6,729 52 4,354 102 4,930 3 5,377 53 4,501 103 3,760 3 5,673 53 4,941 103 4,703 4 7,547 54 4,506 104 4,360 4 5,171 54 4,221 104 4,520 5 8,398 55 4,510 105 4,360 5 4,722 55 3,964 105 4,142 6 5,050 56 4,515 106 3,760 6 4,696 56 4,666 106 4,402 7 4,027 57 4,978 107 3,760 7 4,696 57 6,181 107 4,173 8 3,759 58 4,533 108 3,760 8 4,696 58 4,091 108 4,265 9 3,760 59 4,282 109 4,360 9 4,696 59 3,725 109 4,046 10 3,760 60 4,286 110 4,360 10 4,696 60 3,807 110 3,928 11 3,760 61 4,290 111 3,760 11 4,696 61 4,092 111 4,832 12 3,760 62 4,294 112 3,760 12 4,696 62 4,040 112 3,760 13 3,760 63 4,298 113 3,760 13 4,696 63 3,760 113 3,760 14 3,760 64 4,155 114 4,360 14 4,696 64 3,760 114 3,760 15 3,760 65 4,418 115 4,360 15 4,941 65 4,040 115 3,694 16 3,760 66 5,896 116 3,760 16 5,191 66 4,526 116 4,339 17 3,760 67 5,600 117 3,760 17 5,536 67 4,191 117 3,996 18 3,760 68 3,829 118 3,760 18 6,114 68 4,191 118 5,910 19 3,760 69 4,141 119 4,360 19 4,303 69 4,526 119 4,174 20 3,760 70 4,230 120 4,360 20 4,433 70 4,976 120 4,214 21 3,760 71 5,016 121 3,760 21 3,840 71 4,479 121 4,526 22 3,760 72 4,930 122 3,760 22 4,124 72 4,280 122 5,581 23 3,972 73 4,230 123 3,760 23 3,988 73 4,798 123 5,993 24 4,064 74 4,230 124 4,360 24 4,520 74 6,607 124 5,012 25 4,273 75 4,214 125 4,404 25 5,524 75 6,177 125 4,686 26 4,895 76 3,935 126 3,760 26 6,490 76 6,555 126 3,897 27 5,042 77 5,205 127 3,760 27 7,349 77 6,111 127 5,743 28 5,136 78 5,265 128 3,760 28 8,358 78 6,111 128 7,240 29 5,175 79 4,274 129 4,404 29 8,911 79 4,239 129 6,268 30 5,161 80 4,274 130 6,591 30 4,465 80 4,058 130 5,295 31 5,092 81 4,274 31 4,244 81 4,697 131 9,621 32 4,969 82 4,274 32 4,095 82 3,856
33 4,620 83 4,274 33 7,439 83 3,863
34 4,781 84 4,274 34 7,190 84 3,991
35 6,485 85 4,274 35 4,399 85 4,294
36 7,763 86 4,274 36 5,039 86 5,520
37 8,208 87 4,274 37 5,937 87 4,598
38 5,699 88 4,572 38 7,815 88 5,200
39 4,514 89 4,529 39 4,063 89 4,447
40 4,071 90 4,274 40 3,760 90 3,760
41 4,474 91 4,274 41 3,760 91 3,760
42 5,658 92 4,274 42 4,056 92 4,100
43 5,586 93 4,274 43 4,040 93 4,136
44 4,242 94 4,274 44 3,760 94 4,000
45 4,169 95 4,274 45 3,760 95 4,000
46 3,970 96 4,274 46 4,040 96 4,000
47 3,691 97 4,274 47 4,681 97 4,557
48 5,567 98 4,274 48 3,890 98 4,717
49 5,561 99 4,447 49 4,011 99 4,798
50 4,090 100 4,404 50 4,012 100 5,038
Total Lots 130 Total Lots 131
Total Lot Square Footage 584,501 Total Lot Square Footage 634,401 Total Lot Acreage 13.42 Total Lot Acreage 14.56
Exhibit E-2 Exhibit E-3
City of Rialto CFD No. 2020-1 (Change Proceeding) City of Rialto CFD No. 2020-1 (Change Proceeding) Lennar Homes - River Ranch (Tr. 20092) Lennar Homes - River Ranch (Tr. 20092) Net Taxable Acreage Net Taxable Acreage
May 4, 2022
Zone 3 Zone 4 Zone 5
Lot 2 Lot 4 Lot 3 Lot 5
Tract 20205 Tract 20207 Tract 20206 Tract 20208
Lot Size Lot Size Lot Size Lot Size Lot Size Lot Size Lot Size 1 6,200 51 5,000 101 5,660 1 6,312 51 5,800 1 8,918 51 7,335 2 5,500 52 5,000 102 5,300 2 5,534 52 5,465 2 7,348 52 7,301 3 5,428 53 5,000 103 5,300 3 5,436 53 6,117 3 6,283 53 7,971 4 5,660 54 5,000 104 5,300 4 5,800 54 5,250 4 6,282 54 7,004 5 8,465 55 5,000 105 5,810 5 7,463 55 5,250 5 6,281 55 6,474 6 9,527 56 5,000 106 5,961 6 9,771 56 5,250 6 6,300 56 6,424 7 5,945 57 5,000 107 6,663 7 6,232 57 5,250 7 6,185 57 8,565 8 5,382 58 5,000 108 5,680 8 5,180 58 6,445 8 9,112 58 7,910 9 5,500 59 5,000 109 6,096 9 5,032 59 7,836 9 11,769 59 6,951 10 5,500 60 5,000 110 6,360 10 5,000 60 6,112 10 7,049 60 7,241 11 5,500 61 5,000 111 7,659 11 5,000 61 6,992 11 6,826 61 8,028 12 5,500 62 5,000 112 5,600 12 5,000 62 5,650 12 7,000 62 6,162 13 5,500 63 5,000 113 5,000 13 5,000 63 5,250 13 7,241 63 8,060 14 5,500 64 5,084 114 5,000 14 5,000 64 5,250 14 7,945 64 6,744 15 5,500 65 5,373 115 5,000 15 5,000 65 5,250 15 9,074 65 8,041 16 5,974 66 5,691 116 5,855 16 5,000 66 5,250 16 9,065 66 8,180 17 5,626 67 5,922 117 6,809 17 5,000 67 6,161 17 8,234 67 6,657 18 5,500 68 6,392 118 5,700 18 5,000 68 7,421 18 7,891 68 6,930 19 5,500 69 6,806 119 5,700 19 5,000 69 7,029 19 7,605 69 6,930 20 5,500 70 7,152 120 6,500 20 5,000 70 7,837 20 7,475 70 6,930 21 5,500 71 5,000 121 6,570 21 5,000 71 7,090 21 6,958 71 6,930 22 5,500 72 5,000 122 5,989 22 5,000 72 5,516 22 7,119 72 7,858 23 5,500 73 5,000 123 5,800 23 5,000 73 6,833 23 7,119 73 7,948 24 5,476 74 5,050 124 5,800 24 5,000 74 8,288 24 7,119 74 8,007 25 5,385 75 5,450 125 5,800 25 5,277 75 5,598 25 9,706 75 10,766 26 7,475 76 14,301 126 5,800 26 5,221 76 7,483 26 17,400 76 8,938 27 7,769 77 13,498 127 6,655 27 5,000 77 6,537 27 11,535 77 8,325 28 5,339 78 7,763 128 5,800 28 5,000 28 13,709 78 6,000 29 5,299 79 6,350 129 5,000 29 5,850 29 7,745 79 6,984 30 5,350 80 6,500 130 5,000 30 5,850 30 8,777 80 8,659 31 5,350 81 6,500 131 5,000 31 5,000 31 6,899 81 9,118 32 5,350 82 7,190 132 5,000 32 5,000 32 6,529 82 9,500 33 5,685 83 6,713 133 5,606 33 5,000 33 6,500 83 9,237 34 5,344 84 5,000 134 6,950 34 7,026 34 7,088 84 8,398 35 5,000 85 5,000 135 6,435 35 8,592 35 6,300 85 7,674 36 5,000 86 5,000 136 5,375 36 7,069 36 6,754 86 7,975 37 5,000 87 5,000 137 5,484 37 11,881 37 7,051 87 9,557 38 5,000 88 5,000 138 5,484 38 5,251 38 6,696
39 11,036 89 5,000 139 5,484 39 5,251 39 6,683
40 5,380 90 5,000 140 6,338 40 5,251 40 6,781
41 5,162 91 5,844 141 5,300 41 5,251 41 6,000
42 5,011 92 5,800 142 5,000 42 5,251 42 8,131
43 5,650 93 5,000 143 5,000 43 5,786 43 7,144
44 7,000 94 5,000 144 5,000 44 5,335 44 6,885
45 5,862 95 5,000 145 5,000 45 5,145 45 7,777
46 6,664 96 5,000 146 6,229 46 5,145 46 8,362
47 10,484 97 5,000 47 5,265 47 8,440
48 7,129 98 5,000 48 5,760 48 8,012
49 5,402 99 5,000 49 6,818 49 7,234
50 5,456 100 5,951 50 5,000 50 7,787
Lot 2 Lot 4 Total
Total Lots 146 77 223 Total Lots 87
Total Lot Square Footage 852,447 452,245 1,304,692 Total Lot Square Footage 681,835 Total Lot Acreage 19.57 10.38 29.95 Total Lot Acreage 15.65
Exhibit E-3
City of Rialto CFD No. 2020-1 (Change Proceeding)
Lennar Homes - River Ranch (Tr. 20092)
Net Taxable Acreage
May 4, 2022
Zone 5
Lot 5
Tract 20208
Lot Size Lot Size Lot Size Lot Size Lot Size
1 2,931 51 3,219 101 3,347 151 3,036 201 3,850
2 2,957 52 4,725 102 2,676 152 2,720 202 3,850
3 3,733 53 3,661 103 2,400 153 3,060 203 2,620
4 6,921 54 2,910 104 2,700 154 4,531 204 2,664
5 4,102 55 2,620 105 4,091 155 3,661 205 8,029
6 2,910 56 2,692 106 4,952 156 2,910
7 2,620 57 3,377 107 4,305 157 2,620
8 2,676 58 3,074 108 3,950 158 2,676
9 3,016 59 3,421 109 3,909 159 3,036
10 2,801 60 5,002 110 9,889 160 2,720
11 3,454 61 4,896 111 2,676 161 3,060
12 5,529 62 5,063 112 2,400 162 4,531
13 3,956 63 4,798 113 2,700 163 3,661
14 3,116 64 4,390 114 4,091 164 2,910
15 2,730 65 5,412 115 3,825 165 2,620
16 2,715 66 5,526 116 3,120 166 2,676
17 3,195 67 3,685 117 2,970 167 5,522
18 2,861 68 3,233 118 2,856 168 4,611
19 3,219 69 3,607 119 4,374 169 4,959
20 4,725 70 2,675 120 3,420 170 2,674
21 3,661 71 2,400 121 3,809 171 2,400
22 2,910 72 2,700 122 5,333 172 2,700
23 2,620 73 4,091 123 5,398 173 4,091
24 2,676 74 4,044 124 4,298 174 4,044
25 3,195 75 3,298 125 3,557 175 3,298
26 2,861 76 2,969 126 3,179 176 2,969
27 3,219 77 3,036 127 3,395 177 3,036
28 4,725 78 2,676 128 3,267 178 2,676
29 3,661 79 2,400 129 3,746 179 2,400
30 2,910 80 2,700 130 5,471 180 2,700
31 2,620 81 4,091 131 3,661 181 4,091
32 2,676 82 4,044 132 2,910 182 4,044
33 2,676 83 3,298 133 2,620 183 3,298
34 2,400 84 2,969 134 2,676 184 2,969
35 2,700 85 3,036 135 3,347 185 3,030
36 4,091 86 2,676 136 2,996 186 2,676
37 3,661 87 2,400 137 3,371 187 3,060
38 2,910 88 2,700 138 4,911 188 3,060
39 2,620 89 4,091 139 3,661 189 2,676
40 2,676 90 3,661 140 2,910 190 4,750
41 3,195 91 2,910 141 2,620 191 5,194
42 2,861 92 2,620 142 2,676 192 2,676
43 3,219 93 2,676 143 2,676 193 2,400
44 4,725 94 2,676 144 2,400 194 2,700
45 3,661 95 2,400 145 2,700 195 4,882
46 2,910 96 2,700 146 4,091 196 3,491
47 2,620 97 4,091 147 3,661 197 2,969
48 2,676 98 4,374 148 2,910 198 3,036
49 3,195 99 3,633 149 2,620 199 2,676
50 2,861 100 3,271 150 2,676 200 2,620
Total Lots 205
Total Lot SF 700,191
Total Acreage 16.07