48 The opinion of value relates to sale by a willing seller to a willing buyer as of the date of valuation, each having similar information and neither being forced by other circumstances to sell or to buy. Consequently, the opinion is of limited use in predicting the selling price at a foreclosure sale, because the sale is forced and the buyer may not have the benefit of full information. In considering the estimates of value evidenced by the appraisal, it should be noted that the appraisal is based upon a number of standard and special assumptions which affect the estimates as to value, in addition to hypothetical conditions, as set forth in the Appraisal (see APPENDIX B hereto). The improvements to be financed by the 2023 Bonds were not in place as of the date of inspection; thus, the value estimate is subject to a hypothetical condition (of such improvements being in place) In addition, the opinion is a present opinion. It is based upon present facts and circumstances. Differing facts and circumstances may lead to differing opinions of value. The appraised market value is not evidence of future value because future facts and circumstances may differ significantly from the present. No assurance can be given that any of the appraised property in the District could be sold in a foreclosure for the estimated market value contained in the Appraisal. Such sale is the primary remedy available to Bondowners if that property should become delinquent in the payment of Special Taxes. Property Values and Property Development The value of Taxable Parcels within the District is a critical factor in determining the investment quality of the 2023 Bonds. If a property owner defaults in the payment of the Special Tax, the District’s only remedy is to foreclose on the delinquent property in an attempt to obtain funds with which to pay the delinquent Special Tax. Land development and land values could be adversely affected by economic and other factors beyond the District’s control, such as: a general economic downturn; adverse judgments in future litigation that could affect the scope, timing or viability of development; relocation of employers out of the area; stricter land use regulations; shortages of water, electricity, natural gas or other utilities; destruction of property caused by earthquake, flood or other natural disasters; environmental pollution or contamination. The Appraisal information included as APPENDIX B sets forth certain assumptions of the Appraiser in estimating the market value of the property within the District as of the date indicated. No assurance can be given that the land values are accurate if these assumptions are incorrect or that the values will not decline in the future if one or more events, such as natural disasters or adverse economic conditions, occur. See “Appraised Values” above. Neither the District, the Underwriter, nor the City has evaluated development risks. Since these are largely business risks of the type that property owners customarily evaluate individually, and inasmuch as changes in land ownership may well mean changes in the evaluation with respect to any particular parcel, the City is issuing the 2023 Bonds without regard to any such evaluation. Thus, the creation of the District and the issuance of the 2023 Bonds in no way implies that the District, the Underwriter, or the City has evaluated these risks or the reasonableness of these risks. The following is a discussion of specific risk factors that could affect the timing or scope of property development in the District or the value of property in the District.
49 Land Development. Land values are influenced by the level of development in the area in many respects. First, undeveloped or partially developed land is generally less valuable than developed land and provides less security to the owners of the 2023 Bonds should it be necessary for the District to foreclose on undeveloped or partially developed property due to the nonpayment of Special Taxes. Second, failure to complete development on a timely basis could adversely affect the land values of those parcels that have been completed. Lower land values would result in less security for the payment of principal of and interest on the 2023 Bonds and lower proceeds from any foreclosure sale necessitated by delinquencies in the payment of the Special Tax. See “APPRAISAL OF PROPERTY WITHIN THE DISTRICT –Value to Special Tax Burden Ratios.” No assurance can be given that the proposed development within the District will be completed, and in assessing the investment quality of the 2023 Bonds, prospective purchasers should evaluate the risks of noncompletion. The Developer provides no assurances to the City that the project will be developed or that sources of financing that will actually be available will be sufficient to complete the development. The Developer has no obligation to the City or to owners of the 2023 Bonds to complete the project. Risks of Real Estate Investment Generally. Continuing development of land within the District may be adversely affected by changes in general or local economic conditions, fluctuations in the real estate market, increased construction costs, development, financing and marketing capabilities of individual property owners, water or electricity shortages, and other similar factors. Development in the District may also be affected by development in surrounding areas, which may compete with the District. In addition, land development operations are subject to comprehensive federal, state and local regulations, including environmental, land use, zoning and building requirements. There can be no assurance that proposed land development operations within the District will not be adversely affected by future government policies, including, but not limited to, governmental policies to restrict or control development, or future growth control initiatives. There can be no assurance that land development operations within the District will not be adversely affected by these risks. Natural Disasters. The value of the parcels in the District in the future can be adversely affected by a variety of natural occurrences, particularly those that may affect infrastructure and other public improvements and private improvements on the parcels in the District and the continued habitability and enjoyment of such private improvements. For example, the areas in and surrounding the District, like those in much of California, may be subject to earthquakes or other unpredictable seismic activity, however, the District is not located in a seismic special studies zone. Other natural disasters could include, without limitation, landslides, floods, droughts, wildfires or tornadoes. One or more natural disasters could occur and could result in damage to improvements of varying seriousness. Although the District is not in a high-risk area for landslides, floods, wildfires or tornadoes, natural disasters such as these are unpredictable and may occur anywhere throughout the State, with devastating consequences. The damage may entail significant repair or replacement costs and that repair or replacement may never occur either because of the cost, or because repair or replacement will not facilitate habitability or other use, or because other considerations preclude such repair or replacement. Under any of these circumstances there could be significant delinquencies in the payment of Special Taxes, and the value of the parcels may well depreciate.
50 Drought. California has been subject to droughts from time-to-time in the past. Although 2022-2023 has been a very wet winter, with lots of rain and snow in the State, the City does not believe any future drought would impact development in the District, no assurances can be given in this regard. The City employs a portfolio approach to its water supplies which includes the use of surface water, groundwater and recycled water. This portfolio approach is designed to provide a more reliable water supply. Surface water is the City’s primary water supply which is delivered from the Folsom Reservoir under contracts with the Bureau of Reclamation and the Placer County Water Agency. The City also uses groundwater to supplement its surface water supplies during emergency and drought conditions. These ground water wells are designated to accommodate Aquifer Storage and Recovery (ASR). The City’s ASR program allows for the storage of treated surface water in the groundwater basin through direct injection through the ASR wells. This water can be extracted later from the same wells for use during emergency or drought conditions. This water “banking” allows the City to use groundwater without significant impact to the ground water table when surface water supplies are limited. The City also uses recycled water generated from its wastewater treatment facilities for irrigation purposes in commercial landscaping, public rights-of way, parks and golf courses. The use of recycled water reduces the demand for treated water for these purposes and leaving more for domestic use. Legal Requirements. Other events that may affect the value of a parcel include changes in the law or application of the law. Such changes may include, without limitation, local growth control initiatives, local utility connection moratoriums and local application of statewide tax and governmental spending limitation measures. Development in the District may also be adversely affected by the application of laws protecting endangered or threatened species. Hazardous Substances. Any discovery of a hazardous substance detected on property within the District would affect the marketability and the value of some or all of the property in the District. In that event, the owners and operators of a parcel within the District may be required by law to remedy conditions of the parcel relating to releases or threatened releases of hazardous substances. The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, sometimes referred to as “CERCLA” or the “Superfund Act,” is the most well-known and widely applicable of these laws. California laws with regard to hazardous substances are also applicable to property within the District and are as stringent as the federal laws. Under many of these laws, the owner (or operator) is obligated to remedy a hazardous substance condition of property whether or not the owner (or operator) has anything to do with creating or handling the hazardous substance. The effect, therefore, should any of the parcels be contaminated by a hazardous substance is to reduce the marketability and value of the parcel by the costs of remedying the condition, because the purchaser, upon becoming owner, will become obligated to remedy the condition just as is the seller. The values set forth in the Appraisal do not take into account the possible reduction in marketability and value of any of the parcels within the District by reason of the possible liability of the owner (or operator) for the remedy of a hazardous substance condition on a parcel. Although the City is not aware that the owner (or operator) of any of the property within the District has a current liability for a hazardous substance with respect to any of the parcels, it is possible that such liabilities do currently exist and that the City is not aware of them. A “Phase I” environmental site assessment was prepared for the property in the District (not including the specific plan Phase 3 property) in June 2014, which did not indicate the presence of any hazardous substance or other environmental concerns within the District.
51 Further, it is possible that liabilities may arise in the future with respect to any of the parcels within the District resulting from the existence, currently, on the parcel of a substance presently classified as hazardous but which has not been released or the release of which is not presently threatened, or may arise in the future resulting from the existence, currently, on the parcel of a substance not presently classified as hazardous but which may in the future be so classified. Further, such liabilities may arise not simply from the existence of a hazardous substance but from the method of handling it. All of these possibilities could significantly affect the value of a parcel within the District that is realizable upon a foreclosure sale. Endangered and Threatened Species. It is illegal to harm or disturb any plants or animals in their habitat that have been listed as endangered species by the United States Fish & Wildlife Service under the Federal Endangered Species Act or by the California Fish & Game Commission under the California Endangered Species Act without a permit. Although the Developer believes that no federally listed endangered or threatened species would be affected by the proposed development within the District, other than any that are permitted by the entitlements already received, the discovery of an endangered plant or animal could delay development of vacant property in the District or reduce the value of undeveloped property. Levy and Collection of Special Taxes General. The principal source of payment of principal of and interest on the 2023 Bonds is the proceeds of the annual levy and collection of the Special Tax against property within the District. Limitation on Maximum Special Tax Rate. The annual levy of the Special Tax is subject to the maximum annual Special Tax rate authorized in the Rate and Method. The levy cannot be made at a higher rate even if the failure to do so means that the estimated proceeds of the levy and collection of the Special Tax, together with other available funds, will not be sufficient to pay debt service on the 2023 Bonds. In addition to the maximum annual Special Tax rate limitation in the Rate and Method, Section 53321(d) of the Act provides that the special tax levied against any parcel for which an occupancy permit for private residential use has been issued may not be increased as a consequence of delinquency or default by the owner of any other parcel within a community facilities district by more than 10% above the amount that would have been levied in such Fiscal Year had there never been any such delinquencies or defaults. In cases of significant delinquency, these factors may result in defaults in the payment of principal of and interest on the 2023 Bonds. No Relationship Between Property Value and Special Tax Levy. Because the Special Tax formula set forth in the Rate and Method is not based on property value, the levy of the Special Tax will rarely, if ever, result in a uniform relationship between the value of particular parcels of Taxable Property and the amount of the levy of the Special Tax against those parcels. Thus, there will rarely, if ever, be a uniform relationship between the value of the parcels of Taxable Property and their proportionate share of debt service on the 2023 Bonds, and certainly not a direct relationship. Factors that Could Lead to Special Tax Deficiencies. The following are some of the factors that might cause the levy of the Special Tax on any particular parcel of Taxable Property to vary from the Special Tax that might otherwise be expected: Transfers to Governmental Entities. The number of parcels of Taxable Property could be reduced through the acquisition of Taxable Property by a governmental entity and failure of the
52 government to pay the Special Tax based upon a claim of exemption or, in the case of the federal government or an agency thereof, immunity from taxation, thereby resulting in an increased tax burden on the remaining taxed parcels. Property Tax Delinquencies. Failure of the owners of Taxable Property to pay property taxes (and, consequently, the Special Tax), or delays in the collection of or inability to collect the Special Tax by tax sale or foreclosure and sale of the delinquent parcels, could result in a deficiency in the collection of Special Tax revenues. See “– Tax Delinquencies” below. For a summary of recent Special Tax collection and delinquency rates in the District, see “THE DISTRICT – Special Tax Collection and Delinquency Rates.” Delays Following Special Tax Delinquencies and Foreclosure Sales. The Fiscal Agent Agreement generally provides that the Special Tax is to be collected in the same manner as ordinary ad valorem property taxes are collected and, except as provided in the special covenant for foreclosure described in “SECURITY AND SOURCES OF PAYMENT FOR THE BONDS – Delinquent Payments of Special Tax; Covenant for Superior Court Foreclosure” and in the Act, is subject to the same penalties and the same procedure, sale and lien priority in case of delinquency as is provided for ordinary ad valorem property taxes. Under these procedures, if taxes are unpaid for a period of five years or more, the property is deeded to the State and then is subject to sale by the County. If sales or foreclosures of property are necessary, there could be a delay in payments to owners of the 2023 Bonds pending such sales or the prosecution of foreclosure proceedings and receipt by the City of the proceeds of sale if the Reserve Fund is depleted. See “SECURITY AND SOURCES OF PAYMENT FOR THE BONDS – Delinquent Payments of Special Tax; Covenant for Superior Court Foreclosure.” The ability of the City to collect interest and penalties specified by State law and to foreclose against properties having delinquent Special Tax installments may be limited in certain respects with regard to properties in which the Federal Deposit Insurance Corporation (the “FDIC”) has or obtains an interest. The FDIC would obtain such an interest by taking over a financial institution that has made a loan that is secured by property within the District. See “ – FDIC/Federal Government Interests in Properties” below. Other laws generally affecting creditors’ rights or relating to judicial foreclosure may affect the ability to enforce payment of Special Taxes or the timing of enforcement of Special Taxes. For example, the Soldiers and Sailors Civil Relief Act of 1940 affords protections such as a stay in enforcement of the foreclosure covenant, a six-month period after termination of military service to redeem property sold to enforce the collection of a tax or assessment and a limitation on the interest rate on the delinquent tax or assessment to persons in military service if the court concludes the ability to pay such taxes or assessments is materially affected by reason of such service.
53 Bankruptcy Delays The payment of the Special Tax and the ability of the District to foreclose the lien of a delinquent unpaid tax, as discussed in “SECURITY AND SOURCES OF PAYMENT FOR THE BONDS – Delinquent Payments of Special Tax; Covenant for Superior Court Foreclosure,” may be limited by bankruptcy, insolvency or other laws generally affecting creditors’ rights or by the laws of the State of California relating to judicial foreclosure. The various legal opinions to be delivered concurrently with the delivery of the 2023 Bonds (including Bond Counsel’s approving legal opinion) will be qualified as to the enforceability of the various legal instruments by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights, by the application of equitable principles and by the exercise of judicial discretion in appropriate cases. Although bankruptcy proceedings would not cause the Special Taxes to become extinguished, bankruptcy of a property owner could result in a delay in prosecuting superior court foreclosure proceedings and could result in the possibility of delinquent Special Tax installments not being paid in full. Such a delay would increase the likelihood of a delay or default in payment of the principal of and interest on the 2023 Bonds. To the extent that property in the District continues to be owned by a limited number of property owners, the chances are increased that the Reserve Fund established for the 2023 Bonds could be fully depleted during any such delay in obtaining payment of delinquent Special Taxes. As a result, sufficient moneys would not be available in the Reserve Fund for transfer to the Bond Fund to make up shortfalls resulting from delinquent payments of the Special Tax and thereby to pay principal of and interest on the 2023 Bonds on a timely basis. To the extent that bankruptcy or similar proceedings were to involve a large property owner, the chances would increase the likelihood that the Reserve Fund could be fully depleted during any resulting delay in receiving payment of delinquent Special Taxes. As a result, sufficient monies would not be available in the Reserve Fund for transfer to the Bond Fund to make up any shortfalls resulting from delinquent payments of the Special Tax and thereby to pay principal of and interest on the 2023 Bonds on a timely basis. Parity Taxes and Special Assessments; Private Debt The City, the County and certain other public agencies are authorized by the Act to form other community facilities districts and improvement areas and, under other provisions of State law, to form special assessment districts, either or both of which could include all or a portion of the land within the District. Property in the District is currently subject to certain overlapping tax and assessment liens, as shown in the overlapping debt statement. Property in the District is also subject to the special tax of two additional community facilities districts formed to fund services and known as the Westbrook Community Facilities District No. 2 (Public Services) and the City’s Community Facilities District No. 3 (Municipal Services). The property is not subject to any other special tax or assessment liens (other than the lien of the Special Tax). See “APPRAISAL OF PROPERTY WITHIN THE DISTRICT – Estimated Tax Burden on Single Family Home.” In addition, other governmental obligations may be authorized and undertaken or issued in the future, the tax, assessment or charge for which may become an obligation of one or more of the parcels of taxable property and may be secured by a lien on a parity with the lien of the Special Tax securing the 2023 Bonds. The principal of and interest on the 2023 Bonds are payable from the Special Tax authorized to be collected within the District, and payment of the Special Tax is secured by a lien on certain real property within the District. Such lien is co-equal to and independent of the
54 lien for general taxes and any other liens imposed under the Act, regardless of when they are imposed on the property in the District. The imposition of additional special taxes, assessments and general property taxes will increase the amount of independent and co-equal liens which must be satisfied in foreclosure if unpaid. The City, the County and certain other public agencies are authorized by the Act to form other community facilities districts and improvement areas and, under other provisions of State law, to form special assessment districts, either or both of which could include all or a portion of the land within the District. Although the Special Taxes will generally have priority over non-governmental liens on a parcel of taxable property, regardless of whether the non-governmental liens were in existence at the time of the levy of the Special Tax or not, this result may not apply in the case of bankruptcy. See “– Bankruptcy and Foreclosure Delays” above. There can be no assurance that property owners within the District will not petition for the formation of other community facilities districts and improvement areas or for a special assessment district or districts and that parity special taxes or special assessments will not be levied by the County or some other public agency to finance additional public facilities. In addition to liens for special taxes or assessments to finance public improvements of benefit to land within the District, owners of property may obtain loans from banks or other private sources which loans may be secured by a lien on the parcels in the District. Such loans would increase amounts owed by the owner of such parcel with respect to development of its property in the District. However, the lien of such loans would be subordinate to the lien of the Special Taxes. Tax Delinquencies Under provisions of the Act, the Special Taxes will be billed to the properties within the District on the regular property tax bills sent to owners of such properties. Such Special Tax installments are due and payable, and bear the same penalties and interest for nonpayment, as do regular property tax installments. Special Tax installment payments cannot be made separately from property tax payments. Therefore, the unwillingness or inability of a property owner to pay regular property tax bills as evidenced by property tax delinquencies may also indicate an unwillingness or inability to make regular property tax payments and Special Tax payments in the future. The annual Special Tax will be billed and collected in two installments payable without penalty by December 10 and April 10. In the event such Special Taxes are not timely paid, moneys available to pay debt service on the 2023 Bonds becoming due on the subsequent respective March 1 and September 1 may be insufficient, except to the extent moneys are available in the Reserve Fund. In the event of non-payment of Special Taxes, funds in the 2023 Reserve Account of the Reserve Fund, if available, may be used to pay principal of and interest on the 2023 Bonds. If funds in the 2023 Reserve Account of the Reserve Fund for the 2023 Bonds are depleted, the funds can be replenished from the proceeds of the levy and collection of the Special Tax that are in excess of the amount required to pay all amounts to be paid to the 2023 Bond holders pursuant to the Fiscal Agent Agreement. However, no replenishment from the proceeds of a Special Tax levy can occur as long as the proceeds that are collected from the levy of the Special Tax against property within the District at the maximum Special Tax rates, together with other available funds, remains insufficient to pay all such amounts. Thus it is possible that the 2023 Reserve Account of the Reserve Fund will be depleted and not be replenished by the levy of the Special Tax. See “SECURITY AND SOURCES OF PAYMENT FOR THE BONDS — Delinquent Payments of Special Tax; Covenant for Superior Court Foreclosure” for a discussion of the provisions which apply, and procedures which the City is obligated to follow, in the event of
55 delinquency in the payment of Special Taxes. See also “SECURITY AND SOURCES OF PAYMENT FOR THE BONDS — Special Tax Methodology - Limitation on Increases of Special Tax Levy” for a discussion of a limitation imposed by the Act applicable to Special Tax increases on residential property. No Acceleration Provisions The 2023 Bonds do not contain a provision allowing for the acceleration of the 2023 Bonds in the event of a payment default or other default under the terms of the 2023 Bonds or the Fiscal Agent Agreement. Under the Fiscal Agent Agreement, a 2023 Bond holder is given the right for the equal benefit and protection of all 2023 Bond holders similarly situated to pursue certain remedies. So long as the 2023 Bonds are in book-entry form, DTC will be the sole 2023 Bond holder and will be entitled to exercise all rights and remedies of 2023 Bond holders. Ballot Initiatives From time to time, initiative measures qualify for the State ballot pursuant to the State’s constitutional initiative process, and those measures could be adopted by California voters. The adoption of any such initiative might place limitations on the ability of the State, the City, the County or other local districts to increase revenues or to increase appropriations or on the ability of the landowners to complete the development of the District. See “Property Values and Property Development – Land Development” above. See also “Proposition 218” below. Voter Initiatives Under the California Constitution, the power of initiative is reserved to the voters for the purpose of enacting statutes and constitutional amendments. Since 1978, the voters have exercised this power through the adoption of Proposition 13 and similar measures, including Proposition 218, which was approved in the general election held on November 5, 1996, and Proposition 26, which was approved on November 2, 2010. Any such initiative may affect the collection of fees, taxes and other types of revenue by local agencies such as the District. Subject to overriding federal constitutional principles, such collection may be materially and adversely affected by voter-approved initiatives, possibly to the extent of creating cash-flow problems in the payment of outstanding obligations such as the 2023 Bonds. Proposition 218—Voter Approval for Local Government Taxes—Limitation on Fees, Assessments, and Charges—Initiative Constitutional Amendment, added Articles XIIIC and XIIID to the California Constitution, imposing certain vote requirements and other limitations on the imposition of new or increased taxes, assessments and property-related fees and charges. On November 2, 2010, California voters approved Proposition 26, entitled the “Supermajority Vote to Pass New Taxes and Fees Act”. Section 1 of Proposition 26 declares that Proposition 26 is intended to limit the ability of the State Legislature and local government to circumvent existing restrictions on increasing taxes by defining the new or expanded taxes as “fees.” Proposition 26 amended Articles XIIIA and XIIIC of the State Constitution. The amendments to Article XIIIA limit the ability of the State Legislature to impose higher taxes (as defined in Proposition 26) without a two-thirds vote of the Legislature. Article XIIIC requires that all new local taxes be submitted to the electorate before they become effective. Taxes for general governmental purposes require a majority vote and taxes for specific purposes (“special taxes”) require a two-thirds vote.
56 The Special Taxes and the issuance of special tax bonds of the District were each authorized by not less than a two-thirds vote of the landowners within the District who constituted the qualified electors at the time of such voted authorization. The District believes, therefore, that issuance of the 2023 Bonds does not require the conduct of further proceedings under the Mello-Roos Act, Proposition 218 or Proposition 26. Like their antecedents, Proposition 218 and Proposition 26 are likely to undergo both judicial and legislative scrutiny before the impact on the District can be determined. Certain provisions of Proposition 218 and Proposition 26 may be examined by the courts for their constitutionality under both State and federal constitutional law, the outcome of which cannot be predicted. Case Law Related to the Mello-Roos Act On August 1, 2014, the California Court of Appeal, Fourth Appellate District, issued its opinion in City of San Diego v. Melvin Shapiro, et al. (D063997). The case involved a Convention Center Facilities District (the “CCFD”) established by the City of San Diego. The CCFD is a financing district established under the City’s charter (the “Charter”) and was intended to function much like a community facilities district established under the Mello-Roos Act. The CCFD was comprised of all of the real property in the entire City. However, the CCFD special tax was to be levied only on properties in the CCFD that were improved with a hotel. At the election to authorize the CCFD special tax, the CCFD proceedings limited the electorate to owners of hotel properties and lessees of real property owned by a governmental entity on which a hotel was located. Registered voters in the City of San Diego were not permitted to vote. This definition of the qualified electors of the CCFD was based on Section 53326(c) of the Mello-Roos Act, which generally provides that, if a special tax will not be apportioned in any tax year on residential property, the legislative body may provide that the vote shall be by the landowners of the proposed community facilities district whose property would be subject to the special tax. The San Diego Court held that the CCFD special tax election did not comply with the City’s Charter and with applicable provisions of the California Constitution -- specifically Article XIIIA, section 4 (“Cities, Counties and special districts, by a two-thirds vote of the qualified electors of such district, may impose special taxes on such district….”) and Article XIIIC, section 2(d) (“No local government may impose, extend, or increase any special tax unless and until that tax is submitted to the electorate and approved by a two-thirds vote.”) -- because the electors in the CCFD election should have been the registered voters residing within the CCFD (the boundaries of which were coterminous with the boundaries of the City of San Diego). As to the District, there were no registered voters within the District at the time of the election to authorize the Special Taxes. Significantly, the San Diego Court expressly stated that it was not addressing the validity of a landowner election to impose special taxes on residential property pursuant to the Mello-Roos Act in situations where there are fewer than 12 registered voters. Therefore, by its terms, the San Diego Court’s holding does not apply to the special tax election in the District. Moreover, Sections 53341 and 53359 of the Act establish a limited period of time in which special taxes levied under the Mello-Roos Act may be challenged by a third party: 53341. Any action or proceeding to attack, review, set aside, void, or annul the levy of a special tax or an increase in a special tax pursuant to [the Mello-Roos Act] shall be commenced within 30 days after the special tax is approved by the voters….
57 53359. An action to determine the validity of bonds issued pursuant to [the Mello-Roos Act] or the validity of any special taxes levied pursuant to [the Mello-Roos Act] … shall …. be commenced within 30 days after the voters approve the issuance of the bonds or the special tax … Section 53326(b) of the Mello-Roos Act defines the authorized voters for an election in which the special taxes will be levied on residential property: “Except as otherwise provided in subdivision (c), if at least 12 persons, who need not necessarily be the same 12 persons, have been registered to vote within the territory of the proposed community facilities district for each of the 90 days preceding the close of the protest hearing, the vote shall be by the registered voters of the proposed district, with each voter having one vote. Otherwise, the vote shall be by the landowners of the proposed district and each person who is the owner of land at the close of the protest hearing, or the authorized representative thereof, shall have one vote for each acre or portion of an acre of land that he or she owns within the proposed community facilities district not exempt from the special tax….” Landowner voters approved the Special Taxes and the issuance of bonds for the District in compliance with all applicable requirements of the Mello-Roos Act on April 16, 2014. Therefore, pursuant to Sections 53341 and 53359 of the Mello-Roos Act, the statute of limitations period to challenge the validity of the special tax has expired. Because the San Diego Court expressly stated that it did not consider the facts presented by the District and because the period for challenging the Special Taxes has passed, the City believes the Special Taxes are valid and cannot be challenged. Changes in Tax Law H.R. 1 of the 115th U.S. Congress, known as the “Tax Cuts and Jobs Act,” was enacted into law on December 22, 2017 (the “Tax Act”). The Tax Act made significant changes to many aspects of the Code that could have an impact on property development. The Tax Act reduced the amount of mortgage interest expense and state local income tax and property tax expense that individuals may deduct from their gross income for federal income tax purposes, which could increase the cost of home ownership within the District and could adversely affect the sale of homes by the Developer and the merchant homebuilders. Future changes in tax law could also have a material adverse impact on home sales in the District. COVID-19 Pandemic In recent years, public health authorities have warned of threats posed by outbreaks of disease and other public health threats. On February 11, 2020, the WHO announced the official name for the outbreak of COVID-19, an upper respiratory tract illness. COVID-19 has since spread across the globe. The spread of COVID-19 is having significant adverse health and financial impacts throughout the world. The WHO has declared the COVID-19 outbreak to be a pandemic, and states of emergency have been declared by the Governor of the State and the President of the United States. The spread of the COVID-19 coronavirus pandemic, and responses intended to slow its spread, may result in negative impacts to the homebuilding operations and sales of homes within the respective Improvement Areas. In addition, no assurance can be given that the property tax payment dates will not be deferred in the future, which may cause a delay in the receipt of Special Taxes.
58 The COVID-19 outbreak is ongoing, and its duration and severity and economic effects are uncertain in many respects. Uncertain too are the additional actions that may be taken by federal, State and local governmental authorities to contain or mitigate the effects of the outbreak. Such actions may affect the ability of the Developer to complete its planned developments in the time periods and within the cost estimates described in this Official Statement. Negative impacts on the collection of Special Taxes could occur because Special Tax payments are deferred, or some taxpayers may be unable to make their property and special tax payments. Cyber Security The City, like many other public and private entities, relies on computer and other digital networks and systems to conduct its operations. As a recipient and provider of personal, private or other sensitive electronic information, the City is potentially subject to multiple cyber threats, including without limitation hacking, viruses, ransomware, malware and other attacks. No assurance can be given that the City’s efforts to manage cyber threats and attacks will be successful in all cases, or that any such attack will not materially impact the operations or finances of the City or the District, or the administration of the Bonds. The City is also reliant on other entities and service providers in connection with the administration of the Bonds, including without limitation the County tax collector for the levy and collection of Special Taxes, the fiscal agent, and the dissemination agent. No assurance can be given that the City, the District and these other entities will not be affected by cyber threats and attacks in a manner that may affect the Bond owners. Potential Early Redemption of Bonds from Prepayments Property owners within the District, including the Developer, merchant homebuilders and individual homeowners, are permitted to prepay a portion of their Special Tax obligation at any time. Such prepayments could also be made from the proceeds of bonds issued by or on behalf of an overlapping special assessment district or community facilities district. Such prepayments will result in a redemption of the 2023 Bonds on the interest payment date for which timely notice may be given under the Fiscal Agent Agreement following the receipt of the prepayment. The resulting redemption of 2023 Bonds that were purchased at a price greater than par could reduce the otherwise expected yield on such 2023 Bonds.
59 CONSTITUTIONAL LIMITATIONS ON TAXATION AND APPROPRIATIONS Article XIIIA of the California Constitution, commonly known as “Proposition 13,” provides that each county will levy the maximum ad valorem property tax permitted by Proposition 13 and will distribute the proceeds to local agencies in accordance with an allocation formula based in part on pre-Proposition 13 ad valorem property tax rates levied by local agencies. Article XIIIA limits the maximum ad valorem tax on real property to 1% of “full cash value,” which is defined as the County Assessor’s valuation of real property as shown on the 1975-76 tax bill under full cash value, or, thereafter, the appraised value of real property when purchased, newly constructed, or a change in ownership has occurred after the 1975 assessment. The full cash value may be adjusted annually to reflect increases of no more than 2% per year or decreases in the consumer price index or comparable local data, or declining property value caused by damage, destruction or other factors. Article XIIIA exempts from the 1% tax limitation any taxes to repay indebtedness approved by the voters prior to July 1, 1978, and requires a vote of two-thirds of the qualified electorate to impose Special Taxes or any additional ad valorem, sales, or transaction taxes on real property. In addition, Article XIIIA requires the approval of two-thirds of all members of the State Legislature to change any State laws resulting in increased tax revenues. On June 3, 1986, California voters approved an amendment to Article XIIIA of the California Constitution to allow local governments and school districts to raise their property tax rates above the constitutionally mandated 1% ceiling for the purpose of paying off certain new general obligation debt issued for the acquisition or improvement of real property and approved by two-thirds of the votes cast by the qualified electorate. If any such voter-approved debt is issued, it may be on a parity with the lien of the Special Tax on the parcels within the District. State and local government agencies in the State, and the State itself are subject to annual appropriation limits, imposed by Article XIIIB of the State Constitution. Article XIIIB prohibits government agencies and the State from spending “appropriations subject to limitation” in excess of the appropriations limits imposed. “Appropriations subject to limitation” are authorizations to spend “proceeds of taxes,” which consist of tax revenues, certain state subventions and certain other funds, including proceeds from regulatory licenses, user charges or other fees to the extent that such proceeds exceed the cost reasonably borne by such entity in providing the regulation, product or service. No limit is imposed on appropriations of funds which are not “proceeds of taxes” such as debt service on indebtedness existing or authorized before January 1, 1979, or subsequently authorized by the voters, appropriations required to comply with mandates of courts or the federal government, reasonable user charges or fees and certain other non-tax funds.
60 CONTINUING DISCLOSURE The City has covenanted for the benefit of owners of the 2023 Bonds to provide certain financial information and operating data relating to the District by not later than nine months after the end of the City’s fiscal year (presently June 30) in each year (the “Annual Report”) commencing with its report for the 2022-23 fiscal year (due April 1, 2024) and to provide notices of the occurrence of certain enumerated events. The Annual Report and notices of material events will be filed with the Municipal Securities Rulemaking Board. The covenants of the City have been made in order to assist the Underwriter in complying with Securities Exchange Commission Rule 15c2-12(b)(5) (the “Rule”). The specific nature of the information to be contained in the Annual Report or the notices of listed events by the City and the Developer is summarized in “APPENDIX E — FORM OF CONTINUING DISCLOSURE UNDERTAKINGS.” The City believes it currently is in material compliance with all of its continuing disclosure undertakings for the last five years. Notwithstanding the foregoing, in the last five years: (1) The Annual Report for Fiscal Year 2019-20 for one series of the City’s outstanding bonds did not initially fulfill all content requirements; a remedial filing was done approximately 3 months later. (2) The City has not in a timely manner filed all significant event notices of changes in the ratings of certain then-outstanding obligations resulting from changes in ratings to the bond insurers who insured such obligations or the underlying rates for such obligations. However, the City has submitted all undisclosed significant event notices of changes in ratings occurring during the last five years on all currently outstanding obligations. The City believes it has made corrective filings to address the know instances during the last five years of past delayed or failure to file annual reports, omissions of required information and/or rating changes to be filed under its prior continuing disclosure undertakings. UNDERWRITING The 2023 Bonds were purchased through negotiation by Piper Sandler & Co., as underwriter (the “Underwriter”). The Underwriter agreed to purchase the 2023 Bonds at a price of $_____________ (which is equal to the par amount of the 2023 Bonds, plus/less an original issue premium/discount of $_____________ and less the Underwriter’s discount of $_____________). The initial public offering prices set forth on the cover page hereof may be changed by the Underwriter. The Underwriter may offer and sell the 2023 Bonds to certain dealers and others at a price lower than the public offering prices set forth on the cover page hereof.
61 MUNICIPAL ADVISOR The City has retained Hilltop Securities Inc., Encino, California, as registered municipal advisor (the “Municipal Advisor”) in connection with the issuance of the 2023 Bonds. The Municipal Advisor is not obligated to undertake, and has not undertaken to make, an independent verification or assume responsibility for the accuracy, completeness, or fairness of the information contained in this Official Statement. The fees of the Municipal Advisor are contingent upon the sale and delivery of the 2023 Bonds. LEGAL OPINION The validity of the 2023 Bonds and certain other legal matters are subject to the approving opinion of Jones Hall, a Professional Law Corporation, Bond Counsel. A complete copy of the proposed form of Bond Counsel opinion is contained in APPENDIX D to this Official Statement, and the final opinion will be made available to registered owners of the 2023 Bonds at the time of delivery. The fees of Bond Counsel are contingent upon the sale and delivery of the 2023 Bonds. TAX MATTERS Federal Tax Status. In the opinion of Jones Hall, A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however to the qualifications set forth below, under existing law, the interest on the 2023 Bonds is excluded from gross income for federal income tax purposes and such interest is not an item of tax preference for purposes of the federal alternative minimum tax. Interest on the 2023 Bonds may be subject to the corporate alternative minimum tax. The opinions set forth in the preceding paragraph are subject to the condition that the District comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Tax Code”) relating to the exclusion from gross income for federal income tax purposes of interest on obligations such as the 2023 Bonds. The District has made certain representations and covenants in order to comply with each such requirement. Inaccuracy of those representations, or failure to comply with certain of those covenants, may cause the inclusion of such interest in gross income for federal income tax purposes, which may be retroactive to the date of issuance of the 2023 Bonds. Tax Treatment of Original Issue Discount and Premium. If the initial offering price to the public at which a 2023 Bond is sold is less than the amount payable at maturity thereof, then such difference constitutes “original issue discount” for purposes of federal income taxes and State of California personal income taxes. If the initial offering price to the public at which a 2023 Bond is sold is greater than the amount payable at maturity thereof, then such difference constitutes “original issue premium” for purposes of federal income taxes and State of California personal income taxes. De minimis original issue discount and original issue premium are disregarded. Under the Tax Code, original issue discount is treated as interest excluded from federal gross income and exempt from State of California personal income taxes to the extent properly allocable to each owner thereof subject to the limitations described in the first paragraph of this section. The original issue discount accrues over the term to maturity of the 2023 Bond on the basis of a constant interest rate compounded on each interest or principal payment date (with straight-line interpolations between compounding dates). The amount of original issue discount accruing during each period is added to the adjusted basis of such 2023 Bonds to determine taxable gain upon disposition (including sale, redemption, or payment on maturity) of such 2023 Bond. The Tax Code contains
62 certain provisions relating to the accrual of original issue discount in the case of purchasers of the 2023 Bonds who purchase the 2023 Bonds after the initial offering of a substantial amount of such maturity. Owners of such 2023 Bonds should consult their own tax advisors with respect to the tax consequences of ownership of 2023 Bonds with original issue discount, including the treatment of purchasers who do not purchase in the original offering, the allowance of a deduction for any loss on a sale or other disposition, and the treatment of accrued original issue discount on such 2023 Bonds under federal individual alternative minimum taxes. Under the Tax Code, original issue premium is amortized on an annual basis over the term of the 2023 Bond (said term being the shorter of the 2023 Bond’s maturity date or its call date). The amount of original issue premium amortized each year reduces the adjusted basis of the owner of the 2023 Bond for purposes of determining taxable gain or loss upon disposition. The amount of original issue premium on a 2023 Bond is amortized each year over the term to maturity of the 2023 Bond on the basis of a constant interest rate compounded on each interest or principal payment date (with straight-line interpolations between compounding dates). Amortized 2023 Bond premium is not deductible for federal income tax purposes. Owners of premium 2023 Bonds, including purchasers who do not purchase in the original offering, should consult their own tax advisors with respect to State of California personal income tax and federal income tax consequences of owning such 2023 Bonds. California Tax Status. In the further opinion of Bond Counsel, interest on the 2023 Bonds is exempt from California personal income taxes. Other Tax Considerations. Current and future legislative proposals, if enacted into law, clarification of the Tax Code or court decisions may cause interest on the 2023 Bonds to be subject, directly or indirectly, to federal income taxation or to be subject to or exempted from state income taxation, or otherwise prevent beneficial owners from realizing the full current benefit of the tax status of such interest. The introduction or enactment of any such legislative proposals, clarification of the Tax Code or court decisions may also affect the market price for, or marketability of, the 2023 Bonds. It cannot be predicted whether or in what form any such proposal might be enacted or whether, if enacted, such legislation would apply to bonds issued prior to enactment. The opinions expressed by Bond Counsel are based upon existing legislation and regulations as interpreted by relevant judicial and regulatory authorities as of the date of such opinion, and Bond Counsel has expressed no opinion with respect to any proposed legislation or as to the tax treatment of interest on the 2023 Bonds, or as to the consequences of owning or receiving interest on the 2023 Bonds, as of any future date. Prospective purchasers of the 2023 Bonds should consult their own tax advisors regarding any pending or proposed federal or state tax legislation, regulations or litigation, as to which Bond Counsel expresses no opinion. Owners of the 2023 Bonds should also be aware that the ownership or disposition of, or the accrual or receipt of interest on, the 2023 Bonds may have federal or state tax consequences other than as described above. Other than as expressly described above, Bond Counsel expresses no opinion regarding other federal or state tax consequences arising with respect to the 2023 Bonds, the ownership, sale or disposition of the 2023 Bonds, or the amount, accrual or receipt of interest on the 2023 Bonds.
63 NO RATINGS The City has not applied to a rating agency for the assignment of a rating to the 2023 Bonds and does not contemplate applying for a rating. NO LITIGATION At the time of delivery of and payment for the 2023 Bonds, the City Attorney will deliver his opinion that to the best of its knowledge there is no action, suit, proceeding, inquiry or investigation at law or in equity before or by any court or regulatory agency pending against the City affecting its existence or the titles of its officers to office or seeking to restrain or to enjoin the issuance, sale or delivery of the 2023 Bonds, the application of the proceeds thereof in accordance with the Fiscal Agent Agreement, or the collection or application of the Special Tax to pay the principal of and interest on the 2023 Bonds, or in any way contesting or affecting the validity or enforceability of the 2023 Bonds, the Fiscal Agent Agreement or any action of the City contemplated by any of said documents, or in any way contesting the completeness or accuracy of this Official Statement or any amendment or supplement thereto, or contesting the powers of the City or its authority with respect to the 2023 Bonds or any action of the City contemplated by any of said documents. EXECUTION The execution and delivery of this Official Statement by the City has been duly authorized by the City Council on behalf of the District. CITY OF ROSEVILLE By: Assistant City Manager/ Chief Financial Officer
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APPENDIX A RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
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APPENDIX B THE APPRAISAL
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APPENDIX C THE CITY OF ROSEVILLE AND PLACER COUNTY The District is located in the City of Roseville (the “City”), which is located in southwestern Placer County (the “County”), California (the “State”). Certain financial and economic data for the City, County and State are presented in this appendix for information purposes only. The 2023 Bonds are not a debt or obligation of the County or State, but are a special limited obligation of the City secured solely by the Special Tax Revenues and other amounts pledged under the Fiscal Agent Agreement, all as described in more detail in this Official Statement. General The City is located in the County, which is located in the Sacramento Valley near the foothills of the Sierra Nevada mountain range, about 16 miles northeast of Sacramento and 110 miles east of San Francisco. The City presently occupies 43 square miles in the southwestern part of the County and is the largest city in the County as well as the residential and business center of the County. It is bordered by Sacramento County to the south, the City of Rocklin to the north and un-incorporated Placer County to the east and west. The estimated population of the City as of January 2022 was approximately 151,034. The City has warm summers typical of central California, with an average July temperature of 77 degrees. Winter temperatures are moderate; the average January temperature is 46 degrees. The temperature drops below freezing an average of eight days per year. Rainfall averages 20 inches annually and falls mostly during the winter. The City is predominately comprised of residential housing, small and large businesses, as well as numerous retail centers, the latter of which play a vital role in the economy of the City and contribute significantly to City and County sales tax receipts. The City has the thirteenth highest retail sales of all cities in the State, and the City is considered a regional shopping destination. The Westfield Galleria at Roseville is the main shopping center in the City and the second largest shopping mall in Northern California. Across from the Westfield Galleria lies the “Fountains at Roseville,” a 330,000 square foot retail center, containing additional stores and several recreation centers. Plans call for future construction of hotel, additional retail, and office buildings in connection with the Fountains at Roseville project. In addition to the Westfield Galleria and Fountains at Roseville, the City has many shopping plazas surrounding the Westfield Galleria and the Douglas Boulevard financial corridor. The City is also home to one of the largest auto malls in the United States and a popular water park, Roseville Golfland-SunSplash. Municipal Government The City was incorporated on April 10, 1909 and is a charter city. The City operates under the council-manager form of government, with a five-member City Council elected by district for staggered four-year terms. City services include, among others, police and fire protection, library services, street maintenance, and parks and recreation. The City also owns two golf courses and provides its own electricity, water, sewer and refuse services to its citizens.
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Population The following table sets forth population estimates for the City, County and State for the past five years. POPULATION ESTIMATES City, County and State Calendar Years 2018 through 2022, as of January 1 Year City of Roseville Placer County State of California 2018 137,983 389,387 39,586,646 2019 141,299 395,978 39,695,376 2020 147,245 404,739 39,538,223 2021 148,794 407,517 39,303,157 2022 151,034 409,025 39,185,605 Source: California State Department of Finance.
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Effective Buying Income Effective buying income (“EBI”) is designated as personal income less personal tax and non-tax payments. Personal income is the aggregate of wages and salaries, other labor income (such as employer contributions to private pension funds), proprietor’s income, rental income (which includes imputed rental income of owner-occupants of non-farm dwellings), dividends paid by corporations, personal interest income from all sources, and transfer payments (such as pensions and welfare assistance). Deducted from this total are personal taxes (federal, state and local), non-tax payments (such as fines, fees, penalties), and personal contributions for social insurance. Effective buying income is a bulk measure of market potential. It indicates the general ability to buy and is essential in comparing, selecting and grouping markets on that basis. The following table demonstrates the growth in annual estimated EBI for the City, the County, the State and the United States. EFFECTIVE BUYING INCOME (EBI) City, County, State and United States As of January 1, 2019 through 2023 Year Area Total Effective Buying Income (000’s Omitted) Median Household Effective Buying Income 2019 City of Roseville $4,981,208 $75,784 Placer County 14,736,480 74,797 California 1,183,264,399 62,637 United States 9,017,967,563 52,841 2020 City of Roseville $4,834,974 $72,395 Placer County 14,333,583 72,431 California 1,243,564,816 65,870 United States 9,487,165,436 55,303 2021 City of Roseville $4,126,395 $66,668 Placer County 12,122,101 65,269 California 1,036,142,723 55,681 United States 8,132,748,136 48,043 2022 City of Roseville $6,165,433 $87,539 Placer County 18,491,490 88,051 California 1,452,426,153 77,058 United States 11,208,582,541 64,448 2023 City of Roseville $6,996,310 $92,853 Placer County 19,349,979 91,862 California 1,461,799,662 77,175 United States 11,454,846,397 65,326 Source: Claritas, LLC.
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Employment and Industry The unemployment rate in the Sacramento--Roseville--Arden-Arcade MSA was 3.3 percent in December 2022, down from a revised 3.7 percent in November 2022, and below the year-ago estimate of 4.3 percent. This compares with an unadjusted unemployment rate of 3.7 percent for California and 3.3 percent for the nation during the same period. The unemployment rate was 2.8 percent in El Dorado County, 2.5 percent in Placer County, 3.5 percent in Sacramento County, and 3.6 percent in Yolo County. The following table summarizes the civilian labor force, employment and unemployment, as well as employment by industry, in the Sacramento--Arden-Arcade--Roseville MSA for the years 2017 through 2021. CIVILIAN LABOR FORCE, EMPLOYMENT AND UNEMPLOYMENT Sacramento Arden Arcade Roseville Metropolitan Statistical Area (El Dorado, Placer, Sacramento, and Yolo Counties) Civilian Labor Force, Employment and Unemployment Annual Averages 2017 2018 2019 2020 2021 Civilian Labor Force (1) 1,074,000 1,088,300 1,100,800 1,091,700 1,099,300 Employment 1,024,800 1,046,900 1,060,300 994,000 1,028,800 Unemployment 49,200 41,500 40,500 97,700 70,500 Unemployment Rate 4.6% 3.8% 3.7% 9.0% 6.4% Wage and Salary Employment (2) Agriculture 9,800 9,100 8,700 8,300 9,000 Mining and Logging 400 500 500 600 700 Construction 58,700 64,500 69,400 70,200 74,100 Manufacturing 35,700 36,000 36,800 36,100 37,500 Wholesale Trade 26,500 28,400 28,600 26,500 26,400 Retail Trade 101,400 102,000 100,500 95,200 101,100 Transportation, Warehousing and Utilities 27,400 29,500 32,200 34,300 37,100 Information 12,600 12,400 11,900 10,200 10,000 Finance and Insurance 37,400 36,700 35,200 34,800 34,300 Real Estate and Rental and Leasing 15,200 16,800 17,300 16,900 17,400 Professional and Business Services 132,400 136,000 137,200 132,500 136,700 Educational and Health Services 153,600 159,800 166,600 164,000 168,400 Leisure and Hospitality 103,300 106,200 109,600 83,900 92,800 Other Services 33,000 34,200 35,400 31,000 32,600 Federal Government 14,200 14,100 14,200 14,800 14,500 State Government 118,400 120,400 121,900 121,700 126,800 Local Government 102,600 103,500 105,300 98,900 98,000 Total, All Industries (3) 982,500 1,009,900 1,031,300 979,700 1,017,200 (1) Labor force data is by place of residence; includes self-employed individuals, unpaid family workers, household domestic workers, and workers on strike. (2) Industry employment is by place of work; excludes self-employed individuals, unpaid family workers, household domestic workers, and workers on strike. (3) Totals may not add due to rounding. Source: State of California Employment Development Department
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Major Employers The following table lists the major employers within the County, in alphabetical order. MAJOR EMPLOYERS Placer County (In Alphabetical Order) March 2023 Employer Location Industry Backyard Bar & BBQ Truckee Restaurants City of Roseville Roseville Government Offices-City/Village & Twp City of Roseville California Roseville Government Offices-City/Village & Twp Costco Wholesale Roseville Wholesale Clubs Golfland Sunsplash Roseville Roseville Golf Courses-Miniature Kaiser Permanente Roseville MD Roseville Hospitals Northstar California Truckee Resorts Oracle Rocklin Computer Software-Manufacturers Palisades Tahoe-Alpine Meadows Alpine Meadows Resorts Placer County Fire Dept Auburn Fire Departments Placer County Food Stamps Auburn County Government-Social/Human Resources Placer County Sheriff Auburn Government Offices-County Placer County Sheriff Dept Tahoe City Government Offices-County PRIDE Industries Roseville Employment Agencies & Opportunities Resort At Squaw Creek A Alpine Meadows Hotels & Motels Roseville Toyota Roseville Automobile Dealers-New Cars Sheriff's Training Auburn Government Offices-County Sierra Joint Cmnty Clg Dist Rocklin School Districts Stagg Howard A Pro Corp Roseville Attorneys Sutter Auburn Faith Hospital Auburn Hospitals Sutter Roseville Med Ctr Fndtn Roseville Hospitals TASQ Technology Roseville Importers (whls) Thunder Valley Casino Lincoln Casinos Union Pacific Railroad Co Roseville Railroads Walmart Supercenter Roseville Department Stores Source: State of California Employment Development Department, extracted from the America’s Labor Market Information System (ALMIS) Employer Database, 2023 1st Edition.
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Principal Employers The following table shows the principal employers in the City, as shown in the City’s Comprehensive Annual Financial Report for fiscal year ending June 30, 2021. PRINCIPAL EMPLOYERS City of Roseville As of June 30, 2021 Employer Number of Employees The Permanente Medical Group & Foundation Group 5,200 Hewlett Packard 100 Sutter Roseville Medical Group 2,202 Union Pacific Railroad Company 1,150 Roseville City School District 1,133 Roseville Joint Union High School 1,005 City of Roseville 1,896 PRIDE Industries 1,062 Adventists Health 1,320 Top Golf 450 Total – Top Ten 15,518 Total City-Wide Employment 92,281 Source: City of Roseville Comprehensive Annual Financial Report for Fiscal Year 2020-21.
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Construction Permits The following table shows valuations of residential and non-residential building permits issued for calendar years 2017 through 2021. Annual figures are not yet available for 2022. BUILDING PERMIT VALUATION City of Roseville (Valuation in Thousands of Dollars) 2017 2018 2019 2020 2021 Permit Valuation New Single-family $322,386.5 $220,813.8 $265,615.3 $322,748.5 $467,676.3 New Multi-family 51,882.2 0.0 6,855.8 46,469.0 0.0 Res. Alterations/Additions 7,283.3 8,598.7 16,133.8 5,126.3 39,648.3 Total Residential $381,552.0 $229,412.5 288,604.9 $374,343.8 $507,324.6 New Commercial $81,544.8 $21,072.5 $24,136.7 $23,230.8 $16,627.7 New Industrial 0.0 0.0 0.0 0.0 0.0 New Other 8,356.1 11,541.4 9,358.1 12,610.6 12,351.9 Com. Alterations/Additions 51,836.3 38,098.5 46,155.6 24,553.9 29,192.0 Total Nonresidential $141,737.2 $70,712.4 $79,650.40 $60,395.3 $58,171.6 New Dwelling Units Single-Family 1,201 806 1,001 1,226 1,860 Multiple Family 486 0 65 372 0 Total New Dwelling Units 1,687 806 1,066 1,598 1,860 Source: Construction Industry Research Board, Building Permit Summary.
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The County’s 2021-22 assessment roll totaled $89,326,713,518 as compared to the prior year’s assessment roll of $84,363,765,321, which reflected a 5.88% increase this year. These numbers over the last two years contrast with the real estate decline years of 2008 and after, where the County assessment roll experienced declines. The following table shows residential and non-residential building permits issued within the County for calendar years 2017 through 2021. Annual figures are not yet available for 2018. BUILDING PERMIT VALUATION County of Placer (Valuation in Thousands of Dollars) 2017 2018 2019 2020 2021 Permit Valuation New Single-family $771,800.5 $696,737.4 $693,647.7 $827,822.1 $1,323,114.6 New Multi-family 92,565.5 23,384.7 7,896.7 72,442.8 11,183.1 Res. Alterations/Additions 89,429.2 99,341.6 86,964.2 52,440.8 107,613.1 Total Residential $953,795.2 $819,463.7 $788,508.6 $952,705.7 $1,441,910.8 New Commercial $138,544.8 $90,424.4 $73,609.7 $58,855.0 $52,238.1 New Industrial 0.0 7,956.4 268.7 25.0 1,155.5 New Other 57,356.4 68,208.3 110,951.1 76,576.0 73,032.7 Com. Alterations/Additions 94,058.6 84,271.0 78,159.7 49,149.7 58,371.2 Total Nonresidential $289,959.8 $250,860.1 $262,989.2 $184,605.7 $184,797.5 New Dwelling Units Single-Family 2,500 1,963 2,080 2,552 4,176 Multiple Family 782 19 71 540 66 Total New Dwelling Units 3,282 1,982 2,151 3,092 4,242 Source: Construction Industry Research Board, Building Permit Summary.
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Commercial Activity A summary of historic taxable sales within the City and the County during the past five years in which data is available is shown in the following tables. The total taxable sales during first three quarters of calendar year 2022 in the City were reported to be $4,383,732,148, a 7.22% increase from the total taxable sales of $4,088,517,403 reported during the first three quarters of calendar year 2021. TAXABLE TRANSACTIONS City of Roseville Calendar Years 2017 through 2021 (Dollars in Thousands) Retail Stores Total All Outlets Number of Permits Taxable Transactions Number of Permits Taxable Transactions 2017 3,715 $3,915,184 5,257 $4,642,069 2018 3,705 4,048,870 5,393 4,767,160 2019 3,748 4,021,058 5,578 4,889,702 2020 3,912 3,692,180 5,968 4,425,817 2021 3,623 4,798,530 5,602 5,613,856 Source: State Department of Tax and Fee Administration. The total taxable sales during the first three quarters of calendar year 2022 in the County were reported to be $9,993,613,382, an 7.58% increase over the total taxable sales of $9,289,378,568 reported during the first three quarters of calendar year 2021. TAXABLE TRANSACTIONS Placer County Calendar Years 2017 through 2021 (Dollars in Thousands) Retail Stores Total All Outlets Number of Permits Taxable Transactions Number of Permits Taxable Transactions 2017 8,713 $7,194,952 13,365 $9,428,862 2018 8,717 7,724,326 13,794 9,909,906 2019 8,771 7,943,537 14,193 10,341,805 2020 9,165 7,931,068 15,141 10,319,123 2021 8,130 9,627,064 13,720 12,617,739 Source: State Department of Tax and Fee Administration.
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Transportation The transportation network in and around the City is an integral part of its development. Centrally located in the State, the area is the hub of several major highways. Interstate 80 runs through the City, connecting San Francisco to New York. Highway 65 runs north through the City, from I-80 to Lincoln and Marysville. Interstate 5, which is west of the City, runs north to Seattle and south to Los Angeles. Union Pacific Railroad bought Southern Pacific in 1996 and the J.R. Davis Yard, located in Roseville, is the largest rail facility on the West Coast. Union Pacific owns and operates track in 23 states, primarily west of the Mississippi River. Amtrak provides passenger service daily to San Francisco and San Jose, and the California Zephyr connects the County to the Midwest and Chicago. Greyhound operates a station in the City, providing interstate destination services. Greyhound also operates throughout the County, with bus depots or regularly scheduled stops in most of the communities along major highways and roads. Sacramento International Airport serves the Roseville area. Served by ten major carriers and several commuter airlines, as well as air-freight carriers, the airport handles passenger flights to over 140 cities with more than 130 scheduled departures per day and 4.3 million passengers annually. Nearby Auburn Municipal Airport serves charter and private aircraft for coastal, state and transcontinental flights. Executive air service is available as well. Auburn Municipal has an elevation of 1,520 feet and an east/west runway 3,100 feet in length. Several trucking companies serve the City, ranging from interstate lines to local haulers, and transporting a wide variety of goods. United Parcel Service, with a distribution center in Rocklin, offers freight transportation services as well.
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APPENDIX D FORM OF OPINION OF BOND COUNSEL [Closing Date] City Council City of Roseville 311 Vernon Street Roseville, California 95678 OPINION: $__________ City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023 Members of the City Council: We have acted as bond counsel to the City of Roseville (the “City”) in connection with the issuance by the City of the $__________ City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023 (the “Bonds”), pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, constituting Section 53311, et seq. of the California Government Code (the “Act”) and a Fiscal Agent Agreement dated as of December 1, 2014, as supplemented by Supplemental Agreement No. 1 to Fiscal Agent Agreement, dated as of July 1, 2018, Supplemental Agreement No. 2 to Fiscal Agent Agreement, dated as of May 1, 2019 and Supplemental Agreement No. 3 to Fiscal Agent Agreement dated as of May 1, 2023 (collectively, the “Fiscal Agent Agreement”), in each case, by and between the City, on behalf of the City of Roseville Westbrook Community Facilities District No. 1, and U.S. Bank Trust Company, National Association, as successor fiscal agent to The Bank of New York Mellon Trust Company, N.A. We have examined the law and such certified proceedings and other papers as we deem necessary to render this opinion. As to questions of fact material to our opinion, we have relied upon representations of the City contained in the Fiscal Agent Agreement, and in the certified proceedings and other certifications of public officials furnished to us, without undertaking to verify the same by independent investigation. Based upon the foregoing, we are of the opinion, under existing law, as follows: 1. The City is duly created and validly existing as a public body, corporate and politic, with the power to adopt the resolution authorizing the issuance of the Bonds, enter into Supplemental Agreement No. 3 to Fiscal Agent Agreement, dated as of May 1, 2023, to perform the agreements on its part contained therein and in the Fiscal Agent Agreement, and to issue the Bonds.
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2. The Bonds have been duly authorized, executed and delivered by the City and are valid and binding limited obligations of the City, payable solely from the sources provided therefor in the Fiscal Agent Agreement. 3. The Fiscal Agent Agreement has been duly entered into by the City and constitutes a valid and binding obligation of the City enforceable upon the City. 4. Pursuant to the Act, the Fiscal Agent Agreement creates a valid lien on the funds pledged by the Fiscal Agent Agreement. 5. The interest on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of the federal alternative minimum tax. Interest on the Bonds may be subject to the corporate alternative minimum tax. The opinions set forth in the preceding sentences are subject to the condition that the City comply with all requirements of the Internal Revenue Code of 1986, as amended, relating to the exclusion from gross income for federal income tax purposes of interest on obligations such as the Bonds. The City has made certain representations and covenants in order to comply with each such requirement. Inaccuracy of those representations, or failure to comply with certain of those covenants, may cause the inclusion of such interest in gross income for federal income tax purposes, which may be retroactive to the date of issuance of the Bonds. 6. The interest on the Bonds is exempt from personal income taxation imposed by the State of California. We express no opinion regarding any other tax consequences arising with respect to the ownership, sale or disposition of, or the amount, accrual or receipt of interest on, the Bonds. The rights of the owners of the Bonds and the enforceability of the Bonds are limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally, and by equitable principles, whether considered at law or in equity. This opinion is given as of the date hereof, and we assume no obligation to revise or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention, or any changes in law that may hereafter occur. Our engagement with respect to this matter has terminated as of the date hereof. Respectfully submitted, A Professional Law Corporation
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APPENDIX E FORM OF CONTINUING DISCLOSURE UNDERTAKINGS $________ CITY OF ROSEVILLE WESTBROOK COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES) SPECIAL TAX BONDS SERIES 2023 This CONTINUING DISCLOSURE CERTIFICATE (this “Disclosure Certificate”) dated as of _____________ 1, 2023, is executed and delivered by the CITY OF ROSEVILLE (the “City”) in connection with the execution and delivery of its City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023 (the “Bonds”). The Bonds are being executed and delivered pursuant to a Fiscal Agent Agreement dated as of December 1, 2014, as supplemented by Supplemental Agreement No. 1 to Fiscal Agent Agreement dated as of July 1, 2018, Supplemental Agreement No. 2 to Fiscal Agent Agreement dated as of May 1, 2019 and Supplemental Agreement No. 3 to Fiscal Agent Agreement dated as of May 1, 2023 (collectively, the “Fiscal Agent Agreement”), by and between the City and U.S. Bank Trust Company, National Association, as successor fiscal agent to The Bank of New York Mellon Trust Company, N.A. (the “Fiscal Agent”). The City covenants and agrees as follows: Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the City for the benefit of the holders and beneficial owners of the Bonds and in order to assist the Participating Underwriter in complying with S.E.C. Rule 15c2-12(b)(5). Section 2. Definitions. In addition to the definitions set forth above and in the Fiscal Agent Agreement, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section 2, the following capitalized terms shall have the following meanings: “Annual Report” means any Annual Report provided by the City pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. “Annual Report Date” means the date that is nine months after the end of the City’s fiscal year (currently April 1 based on the City’s fiscal year end of June 30). “Dissemination Agent” means Willdan Financial Services, or any successor Dissemination Agent designated in writing by the City and which has filed with the City a written acceptance of such designation. “Listed Events” means any of the events listed in Section 5(a) of this Disclosure Certificate. “MSRB” means the Municipal Securities Rulemaking Board, which has been designated by the Securities and Exchange Commission as the sole repository of disclosure information for purposes of the Rule, or any other repository of disclosure information that may be designated by the Securities and Exchange Commission as such for purposes of the Rule in the future.
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“Official Statement” means the final official statement executed by the City in connection with the issuance of the Bonds. “Participating Underwriter” shall mean any of the original underwriters of the Bonds. “Rule” means Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as it may be amended from time to time. Section 3. Provision of Annual Reports. (a) The City shall, or shall cause the Dissemination Agent to, not later than the Annual Report Date, commencing April 1, 2024, with the report for the 2022-23 fiscal year, provide to the MSRB, in an electronic format as prescribed by the MSRB, an Annual Report that is consistent with the requirements of Section 4 of this Disclosure Certificate. Not later than 15 Business Days prior to the Annual Report Date, the City shall provide the Annual Report to the Dissemination Agent (if other than the City). If by 15 Business Days prior to the Annual Report Date the Dissemination Agent (if other than the City) has not received a copy of the Annual Report, the Dissemination Agent shall contact the City to determine if the City is in compliance with the previous sentence. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the City may be submitted separately from the balance of the Annual Report, and later than the Annual Report Date, if not available by that date. If the City’s fiscal year changes, it shall give notice of such change in the same manner as for a Listed Event under Section 5(b). The City shall provide a written certification with each Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by the City hereunder. (b) If the City does not provide (or cause the Dissemination Agent to provide) an Annual Report by the Annual Report Date, the City shall provide (or cause the Dissemination Agent to provide) in a timely manner to the MSRB, in an electronic format as prescribed by the MSRB, a notice in substantially the form required by the MSRB. (c) With respect to each Annual Report, the Dissemination Agent shall: (i) determine prior to each Annual Report Date the then-applicable rules and electronic format prescribed by the MSRB for the filing of annual continuing disclosure reports; and (ii) if the Dissemination Agent is other than the City, file a report with the City certifying that the Annual Report has been provided pursuant to this Disclosure Certificate, and stating the date it was provided. Section 4. Content of Annual Reports. The City’s Annual Report shall contain or incorporate by reference the following: (a) The City’s audited financial statements prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board. If the City’s audited financial statements are not available by the Annual Report Date, the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the Official Statement, and
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the audited financial statements shall be filed in the same manner as the Annual Report when they become available. (b) The following information: (i) Principal amount of all outstanding bonds of the District. (ii) Balance in the improvement fund. (iii) Balance in 2023 Reserve Account of the Reserve Fund, and statement of the Reserve Requirement for the Bonds. Statement of projected draws on the 2023 Reserve Account of the Reserve Fund, if any. (iv) Balance in other funds and accounts held by the City or fiscal agent related to the Bonds. (v) Additional debt authorized by the City and payable from or secured by assessments or special taxes with respect to property within the District. (vi) The Special Tax levy, the delinquency rate, total amount of delinquencies, number of parcels delinquent in payment for the five most recent fiscal years. (vii) Notwithstanding the June 30th reporting date for the Annual Report, the following information shall be reported as of the last day of the month immediately preceding the date of the Annual Report rather than as of June 30th. Identity of each delinquent taxpayer responsible for 5 percent or more of total Special Tax levied, and the following information: assessor parcel number, assessed value of applicable properties, amount of Special Tax levied, amount delinquent by parcel number and status of foreclosure proceedings. If any foreclosure has been completed, summary of results of foreclosure sales or transfers. (viii) Most recently available total assessed value of all parcels subject to the Special Tax. (ix) List of landowners and assessor’s parcel number of parcels subject to 20 percent or more of the Special Tax levy including the following information: development status to the extent shown in City records, land use classification, assessed value (land and improvements). (c) In addition to any of the information expressly required to be provided under this Disclosure Certificate, the City shall provide such further material information, if any, as may be necessary to make the specifically required statements, in the light of the circumstances under which they are made, not misleading. (d) Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities, which are available to the public on the MSRB’s Internet web site or filed with the Securities and Exchange Commission. The City shall clearly identify each such other document so included by reference.
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Section 5. Reporting of Significant Events. (a) The City shall give, or cause to be given, notice of the occurrence of any of the following Listed Events with respect to the Bonds: (1) Principal and interest payment delinquencies. (2) Non-payment related defaults, if material. (3) Unscheduled draws on debt service reserves reflecting financial difficulties. (4) Unscheduled draws on credit enhancements reflecting financial difficulties. (5) Substitution of credit or liquidity providers, or their failure to perform. (6) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or other material events affecting the tax status of the security. (7) Modifications to rights of security holders, if material. (8) Bond calls, if material, and tender offers. (9) Defeasances. (10) Release, substitution, or sale of property securing repayment of the securities, if material. (11) Rating changes. (12) Bankruptcy, insolvency, receivership or similar event of the City or other obligated person. (13) The consummation of a merger, consolidation, or acquisition involving the City or an obligated person, or the sale of all or substantially all of the assets of the City or an obligated person (other than in the ordinary course of business), the entry into a definitive agreement to undertake such an action, or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material. (14) Appointment of a successor or additional fiscal agent or the change of name of the fiscal agent, if material. (15) Incurrence of a financial obligation of the City, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation of the City, any of which affect security holders, if material (for the definition of “financial obligation,” see clause (e)).
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(16) Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a financial obligation of the City, any of which reflect financial difficulties (for the definition of “financial obligation,” see clause (e)). (b) Whenever the City obtains knowledge of the occurrence of a Listed Event, the City shall, or shall cause the Dissemination Agent (if not the City) to, file a notice of such occurrence with the MSRB, in an electronic format as prescribed by the MSRB, in a timely manner not in excess of 10 business days after the occurrence of the Listed Event. Notwithstanding the foregoing, notice of Listed Events described in subsections (a)(8) and (9) above need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to holders of affected Bonds under the Fiscal Agent Agreement. (c) The City acknowledges that the events described in subparagraphs (a)(2), (a)(7), (a)(8) (if the event is a bond call), (a)(10), (a)(13), (a)(14) and (a)(15) of this Section 5 contain the qualifier “if material” and that subparagraph (a)(6) also contains the qualifier “material” with respect to certain notices, determinations or other events affecting the tax status of the Bonds. The City shall cause a notice to be filed as set forth in paragraph (b) above with respect to any such event only to the extent that it determines the event’s occurrence is material for purposes of U.S. federal securities law. Whenever the City obtains knowledge of the occurrence of any of these Listed Events, the City will as soon as possible determine if such event would be material under applicable federal securities law. If such event is determined to be material, the City will cause a notice to be filed as set forth in paragraph (b) above. The Dissemination Agent shall not be responsible for determining whether an event it material. (d) For purposes of this Disclosure Certificate, any event described in paragraph (a)(12) above is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent, or similar officer for the City in a proceeding under the United States Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the City, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the City. (e) For purposes of Section 5(a)(15) and (16), “financial obligation” means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term financial obligation shall not include municipal securities as to which a final official statement has been provided to the Municipal Securities Rulemaking Board consistent with the Rule. Section 6. Identifying Information for Filings with the MSRB. All documents provided to the MSRB pursuant to this Disclosure Certificate shall be accompanied by identifying information as prescribed by the MSRB. Section 7. Termination of Reporting Obligation. The City’s obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the City shall give notice of such termination in the same manner as for a Listed Event under Section 5(b).
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Section 8. Dissemination Agent. The City may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any Dissemination Agent, with or without appointing a successor Dissemination Agent. Any Dissemination Agent may resign by providing 30 days’ written notice to the City. Section 9. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Certificate, the City may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, provided that the following conditions are satisfied: (a) if the amendment or waiver relates to the provisions of Sections 3(a), 4 or 5(a), it may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature, or status of an obligated person with respect to the Bonds, or type of business conducted; (b) the undertakings herein, as proposed to be amended or waived, would, in the opinion of nationally recognized bond counsel, have complied with the requirements of the Rule at the time of the primary offering of the Bonds, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances; and (c) the proposed amendment or waiver either (i) is approved by holders of the Bonds in the manner provided in the Fiscal Agent Agreement for amendments to the Fiscal Agent Agreement with the consent of holders, or (ii) does not, in the opinion of nationally recognized bond counsel, materially impair the interests of the holders or beneficial owners of the Bonds. If the annual financial information or operating data to be provided in the Annual Report is amended pursuant to the provisions hereof, the first Annual Report filed pursuant hereto containing the amended operating data or financial information shall explain, in narrative form, the reasons for the amendment and the impact of the change in the type of operating data or financial information being provided. If an amendment is made to this Disclosure Certificate modifying the accounting principles to be followed in preparing financial statements, the Annual Report for the year in which the change is made shall present a comparison between the financial statements or information prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. The comparison shall include a qualitative discussion of the differences in the accounting principles and the impact of the change in the accounting principles on the presentation of the financial information, in order to provide information to investors to enable them to evaluate the ability of the City to meet its obligations. To the extent reasonably feasible, the comparison shall be quantitative. A notice of any amendment made pursuant to this Section 9 shall be filed in the same manner as for a Listed Event under Section 5(b). Section 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the City from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the City chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically
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required by this Disclosure Certificate, the City shall have no obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event. Section 11. Default. If the City fails to comply with any provision of this Disclosure Certificate, the Participating Underwriter or any holder or beneficial owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default under the Fiscal Agent Agreement, and the sole remedy under this Disclosure Certificate in the event of any failure of the City to comply with this Disclosure Certificate shall be an action to compel performance. Section 12. Duties, Immunities and Liabilities of Dissemination Agent. (a) The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Certificate, and the City agrees to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which they may incur arising out of or in the exercise or performance of its powers and duties hereunder, including the costs and expenses (including attorneys’ fees) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent’s negligence or willful misconduct. The Dissemination Agent shall have no duty or obligation to review any information provided to it by the City hereunder and shall not be deemed to be acting in any fiduciary capacity for the City, the Bond holders, or any other party. The obligations of the City under this Section shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. (b) The Dissemination Agent shall be paid compensation by the City for its services provided hereunder in accordance with its schedule of fees as amended from time to time, and shall be reimbursed for all expenses, legal fees and advances made or incurred by the Dissemination Agent in the performance of its duties hereunder. Section 13. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the City, the Dissemination Agent, the Participating Underwriter and the holders and beneficial owners from time to time of the Bonds, and shall create no rights in any other person or entity.
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Section 14. Counterparts. This Disclosure Certificate may be executed in several counterparts, each of which shall be regarded as an original, and all of which shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have executed this Disclosure Certificate as of the date first above written. CITY OF ROSEVILLE, for and on behalf of City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) By: Name: Title: WILLDAN FINANCIAL SERVICES, as Dissemination Agent By: Name: Title:
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APPENDIX F SUMMARY OF CERTAIN PROVISIONS OF FISCAL AGENT AGREEMENT
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APPENDIX G THE BOOK-ENTRY SYSTEM The following description of the Depository Trust Company (“DTC”), the procedures and record keeping with respect to beneficial ownership interests in the 2023 Bonds, payment of principal, interest and other payments on the 2023 Bonds (herein, the “Securities”) to DTC Participants or Beneficial Owners, confirmation and transfer of beneficial ownership interests in the Securities and other related transactions by and between DTC, the DTC Participants and the Beneficial Owners is based solely on information provided by DTC. Accordingly, no representations can be made concerning these matters and neither the DTC Participants nor the Beneficial Owners should rely on the foregoing information with respect to such matters, but should instead confirm the same with DTC or the DTC Participants, as the case may be. Neither the issuer of the Securities (the “Issuer”) nor the fiscal agent appointed with respect to the Securities (the “Agent”) takes any responsibility for the information contained in this Appendix. No assurances can be given that DTC, Direct Participants or Indirect Participants will distribute to the Beneficial Owners (a) payments of interest, principal or premium, if any, with respect to the Securities, (b) certificates representing ownership interest in or other confirmation or ownership interest in the Securities, or (c) redemption or other notices sent to DTC or Cede & Co., its nominee, as the registered owner of the Securities, or that they will so do on a timely basis, or that DTC, Direct Participants or Indirect Participants will act in the manner described in this Appendix. The current “Rules” applicable to DTC are on file with the Securities and Exchange Commission and the current “Procedures” of DTC to be followed in dealing with DTC Participants are on file with DTC. 1. The Depository Trust Company (“DTC”) will act as securities depository for the securities (the “Securities”). The Securities will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered Security certificate will be issued for each issue of the Securities, each in the aggregate principal amount of such issue, and will be deposited with DTC. If, however, the aggregate principal amount of any issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue. 2. DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding
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company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+. The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. The information contained on this Internet site is not incorporated herein by reference. 3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC’s records. The ownership interest of each actual purchaser of each Security (“Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Securities, except in the event that use of the book-entry system for the Securities is discontinued. 4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC’s records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them. 6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed. 7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting
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rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from Issuer or Agent, on payable date in accordance with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, Agent, or Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Issuer or Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. 9. DTC may discontinue providing its services as depository with respect to the Securities at any time by giving reasonable notice to Issuer or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed and delivered. 10. Issuer may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor securities depository). In that event, Security certificates will be printed and delivered to DTC. 11. The information in this section concerning DTC and DTC’s book-entry system has been obtained from sources that Issuer believes to be reliable, but Issuer takes no responsibility for the accuracy thereof.
Jones Hall Draft of March 27, 2023
THIRD AMENDMENT TO FUNDING, CONSTRUCTION AND ACQUISITION AGREEMENT CITY OF ROSEVILLE WESTBROOK COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES) This Third Amendment to Funding, Construction and Acquisition Agreement (this “Third Amendment”) is entered into as of the _____ day of _______, 2023, by and among the CITY OF ROSEVILLE, a California charter city and municipal corporation (the “City”), and WESTPARK S.V. 400, LLC, a California limited liability company (collectively, the “Owner”). WHEREAS, the City has previously issued for and on behalf of the District, the following series of bonds: (i) Special Tax Bonds, Series 2014 (the “2014 Bonds”), in the initial principal amount of $14,355,000, (ii) Special Tax Bonds, Series 2018 (the “2018 Bonds”), in the initial principal amount of $11,615,000, and (iii) Special Tax Bonds, Series 2019 (the “2019 Bonds”), in the initial principal amount of $14,010,000; for the purpose of financing various public improvements authorized to be funded by the District, which 2014 Bonds, 2018 Bonds and 2019 Bonds constitute the first, second and third series of bonds issued, and WHEREAS, at the time of formation of the District, Westpark S.V. 400, LLC, a California limited liability company, owned all of the land in the District; in contemplation of development, the Phase 1 area was transferred to WP Development Company, LLC (an affiliate comprised of the same principals as Westpark S.V. 400, LLC), for lot development and sales; and WHEREAS, in connection with the 2014 Bonds, the City entered into a Funding, Construction and Acquisition Agreement, dated as of December 1, 2014 (the “Prior Agreement”), by and between the City and WP Development Company, LLC, providing for the acquisition of certain improvements within the Phase 1 area of the District as set forth in a list of facilities authorized to be funded by the District; and WHEREAS, in connection with the issuance of the 2018 Bonds and 2109 Bonds, the Prior Agreement was amended by the respective First Amendment to Funding, Construction and Acquisition Agreement, dated as of July 26, 2018 (the “First Amendment”) and Second Amendment to Funding, Construction and Acquisition Agreement, dated as of May 2, 2019 (the “First Amendment”); and WHEREAS, references herein to the “Prior Agreement” shall include the First Amendment, Second Amendment and this Third Amendment; and WHEREAS, the City and Owner desire that a fourth series of bonds be issued, and in connection therewith, desire to have the terms of the Prior Agreement be applicable to disbursements of proceeds which become available for Authorized Facilities from the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds, Series 2023 (the “2023 Bonds”), in the initial principal amount of $__________, being issued on the date hereof; and
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WHEREAS, the City desires to amend and supplement the Prior Agreement pursuant to the terms of this Third Amendment. NOW, THEREFORE, in consideration of the preceding recitals and the mutual covenants hereinafter contained, the parties agree as follows: 1. The definition of “Bonds” referred to in Section 2 of the Prior Agreement shall include the 2023 Bonds. The Public Facilities contemplated to be financed by the Bonds may include any authorized Public Facilities, including such facilities located within Phase 3 of the Project. Exhibit A attached to the Prior Agreement, describing the Public Facilities contemplated to be financed by the Bonds, is hereby deleted and replaced with Exhibit A, attached to this Third Amendment. [Signatures on following page.]
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IN WITNESS WHEREOF, the parties have caused this Third Amendment to Funding, Construction and Acquisition Agreement to be signed as of the date first above written. CITY OF ROSEVILLE, a municipal corporation, for and on behalf of the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) By: DOMINICK CASEY City Manager
WESTPARK S.V. 400, LLC, ATTEST: By: CARMEN AVALOS City Clerk a California limited liability company By: JEFF JONES Manager APPROVED AS TO FORM: By: MICHELLE SHEIDENBERGER City Attorney
APPROVED AS TO SUBSTANCE: By: DENNIS KAUFFMAN Assistant City Manager/Chief Financial Officer
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EXHIBIT A (as amended by Third Amendment) TO FUNDING, CONSTRUCTION AND ACQUISITION AGREEMENT CITY OF ROSEVILLE WESTBROOK COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES) DESCRIPTION OF FACILITIES TO BE FINANCED BY THE CFD TRANSPORTATION IMPROVEMENTS • Pleasant Grove Blvd. • Westbrook Blvd. • Santucci Blvd. • Sierra Trail Drive • Mountain Glen Drive • Silver Spruce Drive • La Sierra Drive • Other public roadway improvements designed to meet the needs of the project. Eligible roadway improvements include, but are not limited to, these: acquisition of land and easements; roadway design; project management; bridge crossings and culverts; clearing, grubbing, and demolition; grading, soil import/export, paving (including slurry seal), and decorative/enhanced pavement concrete and/or pavers; joint trenches, underground utilities and undergrounding of existing utilities; dry utilities and appurtenances; curbs, gutters, sidewalks, bike trails (including onsite and off-site), enhanced fencing, and access ramps; street lights, signalization, and traffic signal control systems; bus turnouts; signs and striping; erosion control; median and parkway landscaping and irrigation; entry monumentation as shown in Figure B-2 of the Specific Plan; bus shelters, Bus Rapid Transit improvements including transfer stations and regional public transit improvements; masonry walls; traffic control and agency fees; and other improvements related thereto. Eligible improvements for the roads listed above also include any and all necessary underground potable and non-potable water, sanitary sewer, and storm drainage system improvements. POTABLE AND NON-POTABLE WATER SYSTEM IMPROVEMENTS Authorized facilities include any and all on- and off-site backbone water facilities designed to meet the needs of development of the Project. These facilities include, but are not limited to, potable and non-potable mains, valves, services and appurtenances; wells; and water treatment and storage facilities. Eligible improvements also include the Recycled Water Storage Tank Facility. Facility improvements include, but are not limited to, these: site clearing, grading and paving; curbs and gutters; recycled water storage tanks, booster pump stations and all appurtenances thereto; wells; water treatment; stand-by generator; site lighting, drainage,
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sanitary sewer, and water service; landscaping and irrigation; access gates, and fencing; and striping and signage. • Water lines in all authorized facility roads • Recycled water lines in all authorized facility roads • Well construction on WB-61 • Reimbursement obligation for the Baseline Road 24” water line and all major water line segments per the Westbrook Amendments to the Sierra Vista DA (DA Section 3.8.3) • CFD obligations for RW tank(s) required by DA Section 3. DRAINAGE SYSTEM IMPROVEMENTS Authorized facilities include any and all onsite and off-site backbone drainage and storm drainage improvements designed to meet the needs of development of the Project. These facilities include, but are not limited to mains, pipelines and appurtenances, outfalls and water quality measures, temporary drainage facilities, detention/retention basins and drainage pretreatment facilities; drainage ways/channels, pump stations, landscaping and irrigation; access roads, gates, and fencing; and striping and signage. • All storm drain lines and facilities within authorized facility roadways • WB-80 Detention and drainage facilities • W-16/WB31 Outfall channel Improvements WASTEWATER SYSTEM IMPROVEMENTS Authorized facilities include any and all backbone wastewater facilities designed to meet the needs of development of the Project. These facilities include, but are not limited to pipelines and all appurtenances thereto; manholes; tie-in to existing main line; force mains; lift stations; odor-control facilities; sewer treatment plant improvements and permitting related thereto; and related sewer system improvements. • All wastewater facilities within authorized facility roadways • WB-62 lift station SOLID WASTE IMPROVEMENTS Authorized facilities include any and all backbone solid waste improvements designed to meet the needs of development of the Project. Eligible improvements also include the project’s pro-rata contribution, as described in the project development agreement, to the Sierra Vista Specific Plan Solid Waste Recycling Center. • SVSP Recycle Center pro-rata reimbursement (DA Section 3.26(iii))
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PARK IMPROVEMENTS Authorized facilities include any and all improvements to neighborhood parks located in the Project. • Construction of Park Sites WB-50, WB-51 and WB-52 OPEN SPACE IMPROVEMENTS Authorized facilities include any and all open space improvements designed to meet the needs of development of the Project, including, but not limited to: bike trails, bike/pedestrian bridges, storm drain crossings, storm drain detention/retention, wetland mitigation, tree mitigation, off-site hawk mitigation, agricultural mitigation, and/or wetland mitigation, property acquisition, endowment payments for open space management, landscaping and irrigation, access gates and fencing and related open space improvements. • Improvements related to WB-80 other than those included in the Storm Drain section above. Wetland creation mitigation, fencing, etc. UTILITIES Authorized facilities include any and all utility improvements designed to meet the needs of development of the Project. All utility improvements, easement payments, and land acquisition not located under or alongside transportation improvements are considered authorized facilities. Authorized Facilities shall also include costs related to the acquisition of the offsite electric substation site, site clearing, grading, street frontage improvements including curbs, gutters, and paving; construction of an all-weather access road to the site from the nearest public street and/or extension of temporary 12kV overhead lines as described in the Project Development Agreement. • SVSP Electric Substation site acquisition, and improvements required by DA Section 3.11.3 OTHER PUBLIC FACILITIES Authorized facilities includes any and all public facilities or infrastructure including the Project’s pro-rata contribution to the land acquisition of the off-site fire station site, site clearing, grading, street frontage improvements including curbs, gutters, and paving. • Fire Station site reimbursement obligations in DA Section 3.26(iii). DEVELOPMENT IMPACT FEES Authorized facilities includes deferred development impact fees whether standard City fees levied at the time of the issuance of a building permit or required as part of the Development Agreement for the property recorded as Document No. 2012-0066790-00 in the Official Records of Placer County on July 25, 2012, including but not limited to the fees described in Section 3.17.1.2(i) of the Development Agreement.
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FORMATION, ADMINISTRATIVE, AND INCIDENTAL EXPENSES In addition to the above facilities, other incidental expenses as authorized by the Mello-Roos Community Facilities Act of 1982, include, but are not limited to, these: the cost of planning, permitting, approving and designing the facilities (including the cost of environmental evaluation, orthophotography, environmental remediation/mitigation, and preparation of an overarching Operation and Maintenance [O&M] Plan for the City of Roseville Open Space Preserves); land acquisition and easement payments for authorized CFD facilities; project management, construction staking; engineering studies and preparation of an engineer's report for the use of recycled water; utility relocation and demolition costs incidental to the construction of the public facilities, cost associated with the creation of the CFD, issuance of bonds; determination of the amount of taxes, collection of taxes; payment of taxes; or costs otherwise incurred in order to carry out the authorized purposes of the CFD; reimbursements to other areas for infrastructure facilities or planning purposes serving development in the CFD; and any other expenses incidental to the construction, completion, and inspection of the facilities and related expenses associated with any of the foregoing.
Jones Hall Draft of March 27, 2023
SUPPLEMENTAL AGREEMENT NO. 3 TO FISCAL AGENT AGREEMENT by and between CITY OF ROSEVILLE and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Fiscal Agent Dated as of May 1, 2023 Relating to: $_____________ City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023
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TABLE OF CONTENTS SECTION 1. Supplement to Original Fiscal Agent Agreement ................................................... 2 ARTICLE XII 2023 BONDS Section 12.01. Definitions ................................................................................... 3 Section 12.02. Authorization of 2023 Bonds ....................................................... 4 Section 12.03. Terms of 2023 Bonds .................................................................. 4 Section 12.04. Redemption of 2023 Bonds ......................................................... 5 Section 12.05. Form of 2023 Bonds; Authentication and Delivery ...................... 8 Section 12.06. Application of Proceeds of Sale of 2023 Bonds .......................... 8 Section 12.07. 2023 Costs of Issuance Fund ..................................................... 9 Section 12.08. Procedure for Disbursement of 2023 Improvement Account ..................................................................................... 10 Section 12.09. Security for 2023 Bonds ............................................................ 10 Section 12.10. Effect of this Article XII .............................................................. 10 SECTION 2. Attachment of Exhibit D ....................................................................................... 10 SECTION 3. Additional Amendments to Original Fiscal Agent Agreement .............................. 10 SECTION 4. Partial Invalidity .................................................................................................... 11 SECTION 5. Execution in Counterparts .................................................................................... 11 SECTION 6. Governing Law ..................................................................................................... 11 EXHIBIT A - FORM OF 2023 BONDS
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SUPPLEMENTAL AGREEMENT NO. 3 TO FISCAL AGENT AGREEMENT THIS SUPPLEMENTAL AGREEMENT NO. 3 TO FISCAL AGENT AGREEMENT (this “Supplemental Agreement No. 3”), dated as of May 1, 2023, is by and between the CITY OF ROSEVILLE, a charter city and public body, corporate and politic, organized and existing under and by virtue of the Constitution and laws of the State of California (the “City”) for and on behalf of the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) (the “District”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (the “Fiscal Agent”), as successor fiscal agent to The Bank of New York Mellon Trust Company, N.A. under a Fiscal Agent Agreement, dated as of December 1, 2014, by and between the original Fiscal Agent and the City (the “Original Fiscal Agent Agreement”), as supplemented by a Supplemental Agreement No. 1 to Fiscal Agent Agreement, dated as of July 1, 2018 and a Supplemental Agreement No. 2 to Fiscal Agent Agreement, dated as of May 1, 2019, by and between the original Fiscal Agent and the City. RECITALS: WHEREAS, the City Council of the City has formed the District under the provisions of the Mello-Roos Community Facilities Act of 1982, as amended (constituting Section 53311 et seq. of the California Government Code) (the “Act”) and Resolution No. 14-131 of the City Council adopted on April 16, 2014; and WHEREAS, the City Council, as the legislative body of the District, is authorized under the Act to levy special taxes to pay for the costs of facilities within the District and to authorize the issuance of bonds secured by said special taxes under the Act; and WHEREAS, the Council, as legislative body of the District, previously authorized the issuance of special tax bonds of the City for the District in the maximum aggregate principal amount of not to exceed $90,000,000 (the “Bond Authorization”); and WHEREAS, pursuant to the provisions of the Act and the Original Fiscal Agent Agreement and supplements thereto, for the purpose of financing various public improvements authorized to be funded by the District, the City previously issued for and on behalf of the District the following series of bonds: (i) Special Tax Bonds, Series 2014 (the “2014 Bonds”), in the initial principal amount of $14,355,000, (ii) Special Tax Bonds, Series 2018 (the “2018 Bonds”), in the initial principal amount of $11,615,000, and (iii) Special Tax Bonds, Series 2019 (the “2019 Bonds”), in the initial principal amount of $14,010,000, which 2014 Bonds, 2018 Bonds and 2019 Bonds are secured on a parity basis and constitute the first, second and third series of bonds issued pursuant to the Bond Authorization; and WHEREAS, Section 5.17 of the Original Fiscal Agent Agreement authorizes the issuance by Supplemental Agreement of Additional Bonds (as such terms are defined in the Original Fiscal Agent Agreement) secured under the Original Fiscal Agent Agreement on a parity with the 2014 Bonds, 2018 Bonds and the 2019 Bonds; and WHEREAS, after due investigation and deliberation the City has determined that it is in the interests of the City and the District at this time for the City, for and on behalf of the District, to provide for the issuance of its City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds, Series 2023 in the initial aggregate principal amount of
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$_____________ (the “2023 Bonds”), to provide moneys needed to construct and acquire the facilities necessary for development of property within the City; and WHEREAS, this Supplemental Agreement No. 3 is a “Supplemental Agreement” as defined in Section 1.03 of the Original Fiscal Agent Agreement and the 2023 Bonds are “Additional Bonds” as defined in Section 1.03 of the Original Fiscal Agent Agreement and secured under the Original Fiscal Agent Agreement, as amended and supplemented by Supplemental Agreement No. 1, Supplemental Agreement No. 2 and this Supplemental Agreement No. 3, on a parity with the 2014 Bonds, 2018 Bonds and the 2019 Bonds; and WHEREAS, the City and the Fiscal Agent desire to enter into this Supplemental Agreement No. 3 pursuant to Section 5.17 of the Original Fiscal Agent Agreement and to provide for the issuance of the 2023 Bonds; and WHEREAS, in providing for the issuance of the 2023 Bonds, it is necessary to supplement and amend the Original Fiscal Agent Agreement, as more particularly provided in Section 1 and Section 2 hereof, as such supplements and amendments are authorized by Sections 5.17 and 8.05 of the Original Fiscal Agent Agreement; and WHEREAS, the City has determined that all acts and proceedings required by law necessary to make the 2023 Bonds, when executed by the City for the District, authenticated and delivered by the Fiscal Agent and duly issued, the valid, binding and legal special obligations of the City for the District, and to constitute the Original Fiscal Agent Agreement, as amended and supplemented by this Supplemental Agreement No. 3, a valid and binding agreement for the uses and purposes herein and therein set forth, in accordance with its terms, have been done or taken and the execution and delivery of this Supplemental Agreement No. 3 have been in all respects duly authorized. AGREEMENT: NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, and for other consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: SECTION 1. Supplement to Original Fiscal Agent Agreement. In accordance with the provisions of Section 5.17 and 8.05 of the Original Fiscal Agent Agreement, the Original Fiscal Agent Agreement is hereby amended by adding a new article thereto, to be designated as Article XII. Such Article XII shall read in its entity as follows:
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ARTICLE XII 2023 BONDS Section 12.01. Definitions. The Original Fiscal Agent Agreement is amended to add or modify the following definitions to Section 1.03. “Article XII” means this Article XII which has been incorporated in and made a part of this Agreement pursuant to Supplemental Agreement No. 3, together with all amendments of and supplements to this Article XII entered into pursuant to the provisions of Section 8.01. “Continuing Disclosure Certificate” means (i) with respect to the 2014 Bonds, the Continuing Disclosure Certificate, dated December 18, 2014, (ii) with respect to the 2018 Bonds, the Continuing Disclosure Certificate, dated July 26, 2018, (iii) with respect to the 2019 Bonds, the Continuing Disclosure Certificate, dated May 2, 2019 and (iv) with respect to the 2023 Bonds, the Continuing Disclosure Certificate, dated ______, 2023, each by and between the City and Willdan Financial Services, in its capacity as Dissemination Agent, as originally executed and as it may be amended from time to time in accordance with the terms thereof. “Interest Payment Dates” means (i) with respect to the 2014 Bonds, March 1 and September 1 of each year, commencing March 1, 2015, (ii) with respect to the 2018 Bonds, March 1 and September 1 of each year, commencing September 1, 2018, (iii) with respect to the 2019 Bonds, March 1 and September 1 of each year, commencing September 1, 2019, and (iv) with respect to the 2023 Bonds, March 1 and September 1 of each year, commencing September 1, 2023. “Supplemental Agreement No. 3” means Supplemental Agreement No. 3 to Fiscal Agent Agreement, dated as of May 1, 2023, between the City, for and on behalf of the District, and the Fiscal Agent. “2023 Bonds” means the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023, authorized to be issued under Section 12.02. “2023 Costs of Issuance” means items of expense payable or reimbursable directly or indirectly by the City and related to the authorization, sale and issuance of the 2023 Bonds, which items of expense shall include, but not be limited to, printing costs, costs of reproducing and binding documents, closing costs, filing and recording fees, initial fees, expenses and charges of the Fiscal Agent including its first annual administration fee, expenses incurred by the City in connection with the issuance of the 2023 Bonds, financial advisor fees, 2023 Bond (underwriter’s) discount or underwriting fee, legal fees and charges, including bond counsel, disclosure counsel, charges for execution, transportation and safekeeping of the 2023 Bonds and other costs, charges and fees in connection with the foregoing. “2023 Costs of Issuance Fund” means the fund by that name established and held by the Fiscal Agent pursuant to Section 12.07. “2023 Improvement Account” means the account by that name established in Section 3(A) of this Supplemental Agreement No. 3. “Term 2023 Bonds” means the 2023 Bonds maturing September 1, 20___, September 1, 20___, September 1, 20___ and September 1, 20___.
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Section 12.02. Authorization of 2023 Bonds. 2023 Bonds in the aggregate principal amount of ____________ Dollars ($_____________), are hereby authorized to be issued as Additional Bonds under and subject to the terms of this Agreement, the Act, and other applicable laws of the State of California. Jurisdiction is hereby reserved to issue Additional Bonds hereunder in the maximum principal amount of $__________ (not including refunding bonds); provided that the maximum aggregate principal amount of bonds which may be issued for the District, including Bonds outstanding under this Agreement, shall not exceed $90,000,000 (not including refunding bonds). Section 12.03. Terms of 2023 Bonds. (A) Form; Denominations. The 2023 Bonds shall be issued as fully registered Bonds without coupons in the denomination of $5,000 or any integral multiple of $5,000 in excess thereof. (B) Date of Bonds. The 2023 Bonds shall be dated the Closing Date for the 2023 Bonds. (C) CUSIP Identification Numbers. “CUSIP” identification numbers shall be imprinted on the 2023 Bonds, but such numbers shall not constitute a part of the contract evidenced by the 2023 Bonds and any error or omission with respect thereto shall not constitute cause for refusal of any purchaser to accept delivery of and pay for the 2023 Bonds. In addition, failure on the part of the City or the Fiscal Agent to use such CUSIP numbers in any notice to Owners shall not constitute an event of default or any violation of the City’s contract with such Owners and shall not impair the effectiveness of any such notice. The Fiscal Agent shall have no liability for any defect in the CUSIP numbers as they appear on any 2023 Bonds, notice or elsewhere, and, provided further that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the 2023 Bonds or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the 2023 Bonds, and any such redemption shall not be affected by any defect in or omission of such numbers. The District will promptly notify the Trustee in writing of any change in the CUSIP numbers. (D) Maturities, Interest Rates. The 2023 Bonds shall mature and become payable on September 1 in each of the years, and shall bear interest at the rates per annum (based on a 360-day year composed of 12 30-day months) as follows: Maturity Date (Sept. 1) Principal Amount Interest Rate CUSIP
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(E) Interest and Method of Payment. Interest on the 2023 Bonds shall be payable as provided in Section 2.02(E) of this Agreement, with the Closing Date as used therein being the Closing Date as defined in Section 1.02, and payments shall be made on the 2023 Bonds as provided in Section 2.02(F), with the first Interest Payment Date being September 1, 2023. Section 12.04. Redemption of 2023 Bonds. (A) Redemption. (i) Optional Redemption. The 2023 Bonds may be redeemed prior to maturity at the option of the City from any source of available funds, as a whole, or in part among maturities as shall be specified by an Officer's Certificate of the City and by lot within a maturity, on any date on and after September 1, _____ at the following respective redemption prices (expressed as percentages of the principal amount of the 2023 Bonds to be redeemed), plus accrued interest thereon to the date of redemption: Redemption Dates Redemption Price Any Date from September 1, _____ through August 31, _____ 103% September 1, _____ through August 31, _____ 102 September 1, _____ through August 31, _____ 101 September 1, _____ and any date thereafter 100 (ii) Mandatory Redemption From Prepayments. The 2023 Bonds shall be subject to mandatory redemption from Prepayments of the Special Tax by property owners, in whole or in part among maturities as shall be specified by the City and by lot within a maturity, on any Interest Payment Date at the following respective redemption prices (expressed as percentages of the principal amount of the 2023 Bonds to be redeemed), plus accrued interest thereon to the date of redemption: Redemption Dates Redemption Price Interest Payment Dates from September 1, 2023 to and including March 1, _____ 103% September 1, _____ and March 1, _____ 102 September 1, _____ and March 1, _____ 101 September 1, _____ and any Interest Payment Date thereafter 100 (iii) Mandatory Sinking Payment Redemption. The Term 2023 Bonds maturing September 1, _____ and September 1, _____ are subject to mandatory sinking payment redemption in part on September 1, _____ and September 1, _____, respectively, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to one hundred percent (100%) of the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts as set [of the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts as set forth in the following table:
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Term 2023 Bonds Maturing September 1, _____ Mandatory Redemption Date (Sept. 1) Sinking Fund Payment Term 2023 Bonds Maturing September 1, _____ Mandatory Redemption Date (Sept. 1) Sinking Fund Payment The amounts in the foregoing table shall be reduced pro rata, in order to maintain substantially uniform debt service, as a result of any prior partial optional redemption or mandatory redemption of the 2023 Bonds as directed by the City in an Officer’s Certificate (which shall include a mandatory sinking fund schedule). In lieu of redemption under this Section 12.04, moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2023 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2023 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase. (B) Notice to Fiscal Agent. The City shall give the Fiscal Agent an Officer’s Certificate containing notice of its intention to redeem 2023 Bonds pursuant to subsections (A)(i) and (A)(ii) not less than 60 days prior to the applicable redemption date. (C) Purchase of Bonds in Lieu of Redemption. In lieu of redemption under Section 12.04(A), moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of Outstanding 2023 Bonds, upon the filing with the Fiscal Agent of an Officer’s Certificate requesting such purchase, at public or private sale as and when, and at such prices (including brokerage and other charges) as such Officer’s Certificate may provide, but in no event may 2023 Bonds be purchased at a price in excess of the principal amount thereof, plus interest accrued to the date of purchase and any premium which would otherwise be due if such 2023 Bonds were to be redeemed in accordance with this Agreement. (D) Redemption Procedure by Fiscal Agent. The Fiscal Agent shall cause notice of any redemption to be mailed by first class mail, postage prepaid, at least 20 days but not more than 60 days prior to the date fixed for redemption, at the expense of the City, to the Securities Depositories and to the Municipal Securities Rulemaking Board, and to the respective registered Owners of any 2023 Bonds designated for redemption, at their addresses appearing on the 2023 Bond registration books in the Principal Office of the Fiscal Agent; but such mailing shall not be a condition precedent to such redemption and failure to mail or to receive any such notice, or any defect therein, shall not affect the validity of the proceedings for the redemption of such 2023 Bonds.
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Such notice shall state the redemption date and the redemption price and, if less than all of the then Outstanding 2023 Bonds are to be called for redemption, shall designate the CUSIP numbers and 2023 Bond numbers of the 2023 Bonds to be redeemed by giving the individual CUSIP number and 2023 Bond number of each 2023 Bond to be redeemed or shall state that all 2023 Bonds between two stated 2023 Bond numbers, both inclusive, are to be redeemed or that all of the 2023 Bonds of one or more maturities have been called for redemption, shall state as to any 2023 Bond called in part the principal amount thereof to be redeemed, and shall require that such 2023 Bonds be surrendered at the designated Principal Office of the Fiscal Agent for redemption at the said redemption price, and shall state that further interest on such 2023 Bonds will not accrue from and after the redemption date. The City has the right to rescind any notice of the optional redemption of 2023 Bonds under Section 12.04(A)(i) by written notice to the Fiscal Agent on or prior to two Business Days prior to the date fixed for redemption. Any notice of redemption shall be cancelled and annulled if for any reason funds will not be or are not available on the date fixed for redemption for the payment in full of the 2023 Bonds then called for redemption, and such cancellation shall not constitute an event of default. The City and the Fiscal Agent have no liability to the Owners or any other party related to or arising from such rescission of redemption. The Fiscal Agent shall mail notice of such rescission of redemption in the same manner as the original notice of redemption was sent under this Section. Upon the payment of the redemption price of 2023 Bonds being redeemed, each check or other transfer of funds issued for such purpose shall, to the extent practicable, bear the CUSIP number identifying, by issue and maturity, of the 2023 Bonds being redeemed with the proceeds of such check or other transfer. Whenever provision is made in this Agreement for the redemption of less than all of the 2023 Bonds of any maturity, the 2023 Bonds to be redeemed shall be specified by an Officer's Certificate of the City, from all 2023 Bonds or such given portion thereof of such maturity by lot in any manner which the City in its sole discretion shall deem appropriate. Upon surrender of 2023 Bonds redeemed in part only, the City shall execute and the Fiscal Agent shall authenticate and deliver to the registered Owner, at the expense of the City, a new 2023 Bond or 2023 Bonds, of the same series and maturity, of authorized denominations in aggregate principal amount equal to the unredeemed portion of the 2023 Bond or 2023 Bonds. (E) Effect of Redemption. From and after the date fixed for redemption, if funds available for the payment of the principal of, and interest and any premium on, the 2023 Bonds so called for redemption shall have been deposited in the Bond Fund, such 2023 Bonds so called shall cease to be entitled to any benefit under this Agreement other than the right to receive payment of the redemption price, and no interest shall accrue thereon on or after the redemption date specified in such notice. All 2023 Bonds redeemed and purchased by the Fiscal Agent pursuant to this Section shall be canceled by the Fiscal Agent. The Fiscal Agent shall dispose of the canceled 2023 Bonds in accordance with its then-customary practices and issue a certificate of disposal thereof to the City upon written request.
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Section 12.05. Form of 2023 Bonds; Authentication and Delivery. (A) Form of 2023 Bonds. The 2023 Bonds, the form of Fiscal Agent’s certificate of authentication, and the form of assignment to appear thereon, shall be substantially in the respective forms set forth in Exhibit D attached hereto and by this reference incorporated herein, with necessary or appropriate variations, omissions and insertions, as permitted or required by this Agreement and the Act. (B) Execution of 2023 Bonds. The 2023 Bonds shall be executed on behalf of the City by the Mayor and the City Clerk of the City who are in office on the date of adoption of this Agreement or at any time thereafter, and the seal of the City may be impressed, imprinted or reproduced by facsimile signature thereon. If any officer whose signature appears on any 2023 Bond ceases to be such officer before delivery of the 2023 Bonds to the Owner, such signature shall nevertheless be as effective as if the officer had remained in office until the delivery of the 2023 Bonds to the Owner. Any 2023 Bond may be signed and attested on behalf of the City by such persons as at the actual date of the execution of such 2023 Bond shall be the proper officers of the City although at the nominal date of such 2023 Bond any such person shall not have been such officer of the City. Only such of the 2023 Bonds as shall bear thereon a certificate of authentication in the form set forth in Exhibit D, manually executed and dated by the Fiscal Agent, shall be valid or obligatory for any purpose or entitled to the benefits of this Agreement, and such certificate of the Fiscal Agent shall be conclusive evidence that such 2023 Bonds have been duly authenticated and delivered hereunder and are entitled to the benefits of this Agreement. (C) Authentication and Delivery of 2023 Bonds. At any time after the execution of Supplemental Agreement No. 3 and delivery by the City of an Officer’s Certificate that the requirements of Section 5.17 for the issuance of the 2023 Bonds as Additional Bonds have been met, the City may issue the 2023 Bonds for the District in the aggregate principal amount set forth in Section 12.02 and deliver the 2023 Bonds to the Original Purchaser. The Authorized Officers of the City are hereby authorized and directed to deliver any and all documents and instruments necessary to cause the issuance of the 2023 Bonds in accordance with the provisions of the Act and the Agreement, as supplemented by Supplemental Agreement No. 1, Supplemental Agreement No. 2 and this Supplemental Agreement No. 3, to authorize the payment of 2023 Costs of Issuance and costs of the Project by the Fiscal Agent from the proceeds of the 2023 Bonds and to do and cause to be done any and all acts and things necessary or convenient for delivery of the 2023 Bonds to the Original Purchaser. The provisions of Sections 2.06 through 2.13 of the Original Fiscal Agent Agreement shall apply to the 2023 Bonds in a like manner as applied to the 2014 Bonds, the 2018 Bonds and the 2019 Bonds. Section 12.06. Application of Proceeds of Sale of 2023 Bonds. The proceeds of the purchase of the 2023 Bonds by the Original Purchaser in the amount of $____________, calculated as 100% of the principal amount of the 2023 Bonds, less an underwriter’s discount of $________ plus/less [net] original issue premium/discount of $_____________, shall be paid to the Fiscal Agent, who shall forthwith set aside, pay over and deposit such proceeds on the Closing Date as follows: (i) Deposit in the 2023 Improvement Account of the Improvement Fund $_________;
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(ii) Deposit in the 2023 Reserve Account of the Reserve Fund $_________; (iii) Deposit in the 2023 Capitalized Interest Account of the Bond Fund $_________; and (iv) Deposit in the 2023 Costs of Issuance Fund $_______. In accordance with Section 4.03(A), the Fiscal Agent shall establish a separate subaccount within the Reserve Fund known as the “2023 Reserve Account,” into which the amounts set forth in this Section 12.06 shall be deposited. The 2014 Reserve Account, the 2018 Reserve Account, the 2019 Reserve Account, and the 2023 Reserve Account shall be held by the Fiscal Agent within the Reserve Fund, and administered as set forth in the Agreement. The Fiscal Agent may, in its discretion, establish a temporary fund or account in its books and records to facilitate transfers required under this Section 12.06. Section 12.07. 2023 Costs of Issuance Fund. There is hereby established a separate fund to be known as the “2023 Costs of Issuance Fund”, which shall be held by the Fiscal Agent in trust. Amounts in the 2023 Costs of Issuance Fund shall be disbursed from time to time to pay 2023 Costs of Issuance, as set forth in an Officer’s Certificate containing respective amounts to be paid to the designated payees, signed by the Treasurer or a designee thereof and delivered to the Fiscal Agent. The Fiscal Agent shall pay all 2023 Costs of Issuance upon receipt of an invoice from any such payee which requests payment in an amount which is less than or equal to the amount set forth with respect to such payee in such Officer’s Certificate, or upon receipt of an Officer’s Certificate requesting payment of a 2023 Costs of Issuance not listed on the initial Officer’s Certificate delivered to the Fiscal Agent on the Closing Date. Each Officer’s Certificate shall be sufficient evidence to the Fiscal Agent of the facts stated therein and the Fiscal Agent shall have no duty to confirm the accuracy of such facts and may conclusively rely on the facts stated therein. Such Officer’s Certificate shall state that the District (i) certifies that it has reviewed any wire instructions set forth in such written disbursement direction to confirm such wire instructions are accurate, (ii) agrees to indemnify and hold harmless the Fiscal Agent from and against any and all claim, demand, loss, liability, or expense sustained, including but not limited to attorneys’ fees and expenses resulting directly or indirectly as a result of making the disbursement requested, and (iii) agrees that it will not seek recourse from the Fiscal Agent as a result of losses incurred by it for making the disbursement in accordance with the Officer’s Certificate. The Fiscal Agent shall maintain the 2023 Costs of Issuance Fund for a period of 45 days from the Closing Date and then shall transfer any moneys remaining therein, including any investment earnings thereon, to the 2023 Improvement Account. Thereafter, every invoice received by the Fiscal Agent shall be paid from amounts on deposit in the 2023 Improvement Account and the Fiscal Agent shall close the 2023 Costs of Issuance Fund. Moneys in the 2023 Costs of Issuance Fund shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits resulting from said investment shall be retained by the Fiscal Agent in the 2023 Costs of Issuance Fund to be used for the purposes of such fund. Each Officer’s Certificate shall be sufficient evidence to the Fiscal Agent of the facts stated therein and the Fiscal Agent shall have no duty to confirm the accuracy of such facts.
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Section 12.08. Procedure for Disbursement of 2023 Improvement Account. (A) Disbursements. Disbursements from the 2023 Improvement Account shall be made by the Fiscal Agent according to the procedure set forth in Section 3.04, and an Officer’s Certificate substantially in the form of Exhibit B to the Agreement (except that in such Officer’s Certificate, reference shall be made to the 2023 Improvement Account and to the 2023 Bonds). (B) Investment. Moneys in the Improvement Fund and the accounts established thereunder shall be invested and deposited in accordance with Section 6.01. Interest earnings and profits from the investment of amounts in the Improvement Fund shall be retained by the Fiscal Agent in the Improvement Fund to be used for the purposes of the Improvement Fund. (C) Closing of Fund. Upon the filing of an Officer’s Certificate stating that the portion of the Project to be financed from the Improvement Fund and the accounts established thereunder has been completed and that all costs of such portion of the Project have been paid or are not required to be paid from the Improvement Fund, the Fiscal Agent shall transfer the amount, if any, remaining in the Improvement Fund to the Bond Fund for application to the payment of principal of and interest on the Bonds in accordance with Section 4.02 and the Improvement Fund shall be closed. Section 12.09. Security for 2023 Bonds. The 2023 Bonds shall be Additional Bonds which shall be secured in the manner and to the extent set forth in Articles IV and V, and in this Article XII. Section 12.10. Effect of this Article XII. Except as in this Article XII expressly provided or except to the extent inconsistent with any provision of this Article XII, the 2023 Bonds shall be deemed to be “Bonds” under and within the meaning of Section 1.03, and every term and condition contained in the foregoing provisions of this Agreement shall apply to the 2023 Bonds with full force and effect, with such omissions, variations and modifications thereof as may be appropriate to make the same conform to this Article XII. SECTION 2. Attachment of Exhibit D. The Original Fiscal Agent Agreement is hereby further amended by incorporating therein an Exhibit D setting forth the form of the 2023 Bonds, which shall read in its entirety as set forth in Exhibit A attached hereto and hereby made a part hereof. SECTION 3. Additional Amendments to Original Fiscal Agent Agreement. The Original Fiscal Agent Agreement is hereby further amended as follows: (A) Section 3.04(A) of the Agreement is hereby amended by adding thereto, as a new fourth sentence thereof, the following: “There is also hereby created within the Improvement Fund a separate account designated as the “2023 Improvement Account” of the Improvement Fund, which account is hereby established for purposes of accounting for the use and disposition of 2023 Bond proceeds directed to the Improvement Fund pursuant to Sections 12.06 and 12.08.” (B) Section 4.02(A) of the Agreement is hereby amended by adding thereto, as a new last sentence of the first paragraph thereof, the following: “There is also hereby created within the Bond Fund a “2023 Capitalized Interest Account” which account is hereby established for purposes of accounting for the disposition of 2023 Bonds, a portion of the proceeds of which will be deposited to such 2023 Capitalized Interest Account pursuant to Section 12.06. The amount
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deposited to the 2023 Capitalized Interest Account and any investment earnings thereon shall be used solely to make payments on the 2023 Bonds, and the amount deposited to the 2023 Capitalized Interest Account and any investment earnings thereon shall be applied solely to make payments on the 2023 Bonds on September 1, 2023. (C) The covenant of the City in Section 5.10 to apply the Tax Escalation Factor provided for in the rate and method of apportionment in each Fiscal Year beginning in Fiscal Year 2015-16 and continuing for each Fiscal Year thereafter through Fiscal Year 2047-48 was previously modified to delete “2047-48” and to replace it with “2048-49, it is hereby further modified to delete “2047-48” and to replace it with “2052-53.” (D) The Reserve Requirement for the 2023 Bonds shall not be increased from the amount established upon issuance of the 2023 Bonds. SECTION 4. Partial Invalidity. If any section, paragraph, sentence, clause or phrase of this Supplemental Agreement No. 3 shall for any reason be held illegal, invalid or unenforceable, such holding shall not affect the validity of the remaining portions of this Supplemental Agreement No. 3. The City hereby declares that it would have entered into this Supplemental Agreement No. 3 and each and every other Section, paragraph, sentence, clause or phrase hereof and authorized the issue of the 2023 Bonds pursuant thereto irrespective of the fact that any one or more Sections, paragraphs, sentences. clauses, or phrases of this Supplemental Agreement No. 3 may be held illegal, invalid or unenforceable. SECTION 5. Execution in Counterparts. This Supplemental Agreement No. 3 may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. The exchange of copies of this Supplemental Agreement No. 3 and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Agreement No. 3 as to the parties hereto and may be used in lieu of the original Supplemental Agreement No. 3 and signature pages for all purposes. SECTION 6. Governing Law. This Supplemental Agreement No. 3 shall be construed and governed in accordance with the laws of the State of California applicable to contracts made and performed in such State.
[Signature Page to Supplemental Agreement No. 3 to Fiscal Agent Agreement dated as of May 1, 2023] IN WITNESS WHEREOF, the City and the Fiscal Agent have caused this Supplemental Agreement No. 3 to Fiscal Agent Agreement to executed as of May 1, 2023. CITY OF ROSEVILLE, a municipal corporation, for and on behalf of the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) By: DOMINICK CASEY City Manager U.S BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Fiscal Agent By: Vice President ATTEST: By: CARMEN AVALOS City Clerk APPROVED AS TO FORM: By: MICHELLE SHEIDENBERGER City Attorney APPROVED AS TO SUBSTANCE: By: DENNIS KAUFFMAN Assistant City Manager/Chief Financial Officer
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EXHIBIT A TO SUPPLEMENTAL AGREEMENT NO. 3 TO FISCAL AGENT AGREEMENT EXHIBIT D FORM OF 2023 BONDS UNITED STATES OF AMERICA STATE OF CALIFORNIA No. $ CITY OF ROSEVILLE WESTBROOK COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES) SPECIAL TAX BOND SERIES 2023 INTEREST RATE MATURITY DATE BOND DATE CUSIP September 1, ____ _____________, 2023 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: DOLLARS The City of Roseville (the “City”) for and on behalf of the City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) (the “District”), for value received, hereby promises to pay solely from the Special Tax (as hereinafter defined) to be collected in the District or amounts in certain funds and accounts held under the Agreement (as hereinafter defined), to the Registered Owner named above, or registered assigns (the “Owner”), on the Maturity Date set forth above, unless redeemed prior thereto as hereinafter provided, the Principal Amount set forth above, and to pay interest on such principal amount from the Bond Date shown above, or from the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, semiannually on March 1 and September 1, commencing September 1, 2023 (the “Interest Payment Dates”), at the Interest Rate set forth above, until the principal amount hereof is paid or made available for payment. The principal of this 2023 Bond is payable to the Owner hereof in lawful money of the United States of America upon presentation and surrender of this 2023 Bond at a designated corporate trust office of U.S. Bank Trust Company, National Association, as successor fiscal agent (the “Fiscal Agent”). Interest on this 2023 Bond shall be paid by check of the Fiscal Agent mailed by first class mail on each Interest Payment Date to the Owner hereof as of the close of business on the 15th day of the month preceding the month in which the Interest Payment Date occurs (the “Record Date”) at such Owner’s address as it appears on the registration books maintained by the Fiscal Agent, or by wire transfer made on such Interest Payment Date upon written instructions delivered to the Fiscal Agent by the applicable Record Date of any Owner of $1,000,000 or more in aggregate principal amount of 2023 Bonds. This 2023 Bond is one of a duly authorized issue of bonds approved by resolution of the City Council of the City on ________, 2023 (the “Resolution”), pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Sections 53311, et seq., of the California Government Code (the “Mello-Roos Act”) for the purpose of providing moneys for the
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construction and acquisition of improvements within the District, and is one of the bonds designated “City of Roseville Westbrook Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023” (the “2023 Bonds”). The issuance of the 2023 Bonds and the terms and conditions thereof are provided for by a Fiscal Agent Agreement, dated as of December 1, 2014, as amended and supplemented by Supplemental Agreement No. 1 to Fiscal Agent Agreement dated as of July 1, 2018, Supplemental Agreement No. 2 to Fiscal Agent Agreement dated as of May 1, 2019 and Supplemental Agreement No. 3 to Fiscal Agent Agreement dated as of May 1, 2023 (collectively, the “Agreement”), in each case, by and between the City and the Fiscal Agent, and this reference incorporates the Agreement herein, and by acceptance hereof the Owner of this 2023 Bond assents to said terms and conditions. The Agreement is authorized under, this 2023 Bond is issued under, and both are to be construed in accordance with, the laws of the State of California. Pursuant to the Mello-Roos Act, the Agreement and the Resolution, the principal of and interest on this 2023 Bond are payable, on a parity with previously issued (and potential future) parity bonds by the City for the District, solely from the annual special tax authorized under the Mello-Roos Act to be collected within the District (the “Special Tax”) and certain funds held under the Agreement. Interest on this 2023 Bond shall be payable from the Interest Payment Date next preceding the date of authentication hereof, unless (i) it is authenticated on an Interest Payment Date, in which event it shall bear interest from such Interest Payment Date, or (ii) such date of authentication is after a Record Date but on or prior to an Interest Payment Date, in which event interest will be payable from such Interest Payment Date, or (iii) such date of authentication is prior to the first Record Date, in which event interest will be payable from the 2023 Bond Date shown above; provided, however, that if at the time of authentication of this 2023 Bond, interest is in default hereon, this 2023 Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment hereon. Any tax for the payment hereof shall be limited to the Special Tax, except to the extent that provision for payment has been made by the City as may be permitted by law. The 2023 Bonds do not constitute obligations of the City for which the City is obligated to levy or pledge, or has levied or pledged, general or special taxation other than described herein above. The 2023 Bonds may be redeemed prior to maturity at the option of the City from any source of available funds, as a whole or in part, on any date on and after September 1, _______ at the following respective redemption prices (expressed as percentages of the principal amount of the 2023 Bonds to be redeemed), plus accrued interest thereon to the date of redemption: Redemption Dates Redemption Price Any Date from September 1, _____ through August 31, _____ 103% September 1, _____ through August 31, _____ 102 September 1, _____ through August 31, _____ 101 September 1, _____ and any date thereafter 100 The 2023 Bonds are subject to mandatory redemption from prepayments of the Special Tax by property owners, in whole or in part among maturities as are specified by the City and by lot within a maturity, on any Interest Payment Date at the following respective redemption prices (expressed as percentages of the principal amount of the 2023 Bonds to be redeemed), plus accrued interest thereon to the date of redemption:
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Redemption Dates Redemption Price Interest Payment Dates from September 1, 2023 to and including March 1, _____ 103% September 1, _____ and March 1, _____ 102 September 1, _____ and March 1, _____ 101 September 1, _____ and any Interest Payment Date thereafter 100 The Term 2023 Bonds maturing September 1, _____ and September 1, _____ are subject to mandatory sinking payment redemption in part on September 1, _____ and September 1, _____, respectively, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to 100% of the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts as set forth in the following tables: Term 2023 Bonds Maturing September 1, _____ Mandatory Redemption Date (Sept. 1) Sinking Fund Payment Term 2023 Bonds Maturing September 1, _____ Mandatory Redemption Date (Sept. 1) Sinking Fund Payment The amounts in the foregoing table shall be reduced pro rata, in order to maintain substantially uniform debt service, as a result of any prior partial optional redemption or mandatory redemption of the 2023 Bonds as directed by the City in an Officer’s Certificate. Notice of redemption with respect to the 2023 Bonds to be redeemed shall be given to the Owners thereof, in the manner, to the extent and subject to the provisions of the Agreement. This 2023 Bond shall be registered in the name of the Owner hereof, as to both principal and interest. Each registration and transfer of registration of this 2023 Bond shall be entered by the Fiscal Agent in books kept by it for this purpose and authenticated by its manual signature upon the certificate of authentication endorsed hereon. No transfer or exchange hereof shall be valid for any purpose unless made by the registered owner, by execution of the form of assignment endorsed hereon, and authenticated as herein provided, and the principal hereof, interest hereon and any redemption premium shall be payable only to the registered owner or to such Owner’s order. The Fiscal Agent shall require the Owner requesting transfer or exchange to pay any tax or other governmental charge required to be paid with respect to such transfer or exchange. No transfer or exchange hereof shall be required to be made (i) within 15 days prior to the date established by the Fiscal Agent for selection of 2023 Bonds for redemption or (ii) with respect to a 2023 Bond after such 2023 Bond has been selected for redemption.
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The Agreement and the rights and obligations of the City thereunder may be modified or amended as set forth therein. The principal of the 2023 Bonds is not subject to acceleration upon a default under the Agreement or any other document. This 2023 Bond shall not become valid or obligatory for any purpose until the certificate of authentication hereon endorsed shall have been dated and manually signed by the Fiscal Agent. It is hereby certified, recited and declared that all acts, conditions and things required by law to exist, happen and be performed precedent to and in the issuance of this 2023 Bond have existed, happened and been performed in due time, form and manner as required by law, and that the amount of this 2023 Bond, together with all other indebtedness of the City, does not exceed any debt limit prescribed by the laws or Constitution of the State of California. Unless this 2023 Bond is presented by an authorized representative of The Depository Trust Company to the Fiscal Agent for registration of transfer, exchange or payment, and any 2023 Bond issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein. IN WITNESS WHEREOF, the City of Roseville has caused this 2023 Bond to be dated May 2, 2023, to be signed by the manual or facsimile signature of its Mayor and attested by the manual or facsimile signature of its City Clerk. CITY OF ROSEVILLE By: Mayor Attested: By: City Clerk
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FORM OF FISCAL AGENT’S CERTIFICATE OF AUTHENTICATION This is one of the 2023 Bonds described in the Resolution and the Agreement. Dated: _____________, 2023 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Fiscal Agent By: Authorized Signatory
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FORM OF ASSIGNMENT FOR VALUE RECEIVED, the undersigned do(es) hereby sell, assign and transfer unto (Name, address and Tax identification Number of Assignee) the within-mentioned registered Bond and hereby irrevocably constitute(s) and appoint(s) , attorney, to transfer the same on the registration books of the Fiscal Agent with full power of substitution in the premises. Dated: Signature Guaranteed: NOTE: Signature(s) must be guaranteed by an eligible guarantor. NOTE: The signature(s) on this Assignment must correspond with the name(s) as written on the face of the within 2023 Bond in every particular without alteration or enlargement or any change whatsoever.
COUNCIL COMMUNICATION
CC #:
2650
File #:
0206-03
Title:
Adoption of a Schedule of Maintenance Costs and Charges for Community Facilities Districts
Contact:
Jeannine Thrash 916-774-5473 [email protected]
Dennis Kauffman 916-774-5313 [email protected]
Meeting Date: 4/19/2023
Item #: 8.1.
RECOMMENDATION TO COUNCIL
Staff recommends the City Council approve the resolution adopting the Schedule of Maintenance Costs and Charges for Maintenance Community Facilities Districts effective July 1, 2023 through June 30, 2024.
BACKGROUND
From time to time the City authorizes the formation of a Community Facilities District (CFD) under the Mello-Roos Community Facilities Act of 1982 (Act) to be used to finance the maintenance and operation of certain services authorized under the Act.
Though not used by every CFD, nor to the same level of service, the following broad categories of ongoing maintenance services are provided by the City to CFDs throughout the community:
• Park maintenance
• Preserve and open space maintenance
• Streetscape and bike trail maintenance
• Stormwater management
In an effort to support a more streamlined process for negotiating CFD conditions, improved cost recovery, and equity between districts, on March 20, 2019 the City adopted Resolution No. 19-79, Adopting a Schedule of Maintenance Costs and Charges for Community Facilities Districts. The schedule was most recently updated effective July 1, 2022 to incorporate annual inflationary adjustments to the various maintenance costs and charges identified in the schedule based on the change in the all-urban Consumer Price Index (CPI) for the San Francisco-Oakland-Hayward area from October to October of the immediately preceding year.
The Schedule of Maintenance Costs and Charges for CFDs is established by the City Council via Resolution. This item and staff’s recommendations are intended to be considered upon completion of a public hearing. The public hearing provides all interested parties with an opportunity to comment or request clarification regarding the proposed Schedule of Maintenance Costs and Charges for CFDs.
Staff has recently completed an updated evaluation of the costs of providing many of the commonly required maintenance and operations services and activities provided within a CFD and recommends adopting the updated schedule of maintenance costs and charges for community facilities districts, effective July 1, 2023. Adoption of the uniform schedule of costs and charges does not preclude the City from recovering other CFD related service and maintenance costs, authorized by the Act, that are identified and established as part of the process of forming each CFD.
Implementation of this schedule of costs and charges is subject to formation of new districts to which the schedule would apply, but will not affect previously established districts or districts that have initiated proceedings, as of the date of adoption of the resolution, to form a CFD to finance services authorized by the Act.
In absence of a uniform schedule of costs and charges for maintenance services provided to CFDs, the individual interests representing each entity in the planning stages are inadvertently given opportunity to negotiate applied costs. This overly burdens City resources, subjects CFDs to divergent charges from one another, and potentially compromises the City’s intended recovery of the full cost of service, in line with its policies and practices for other services of individual cause or benefit.
No new services are proposed, instead the schedule has been updated to reflect the City’s current cost of providing maintenance related services for CFDs.
The requested update aligns with the City’s published “Goals and Policies Concerning Use of the Mello-Roos Community Facilities Act of 1982”, (effective March 20, 2019). The goals and policies state, “The purpose of the services/maintenance District is to fund the ongoing costs of parks and open space, public landscaping…and maintenance not funded by other sources; and/or to pay for any unfunded ongoing City maintenance or service costs associated with a development project in the City, all in accordance with the Mello-Roos Act and the formation documents for each particular District.”
The Schedule of Maintenance Costs and Charges for CFDs is reviewed annually. Periodically, a full cost analysis is performed. In years between studies, staff recommends the City Council authorize the Assistant City Manager/Chief Financial Officer to make adjustments to the schedule of costs and charges based on the CPI change for the San Francisco-Oakland-Hayward area from October to October of the immediately preceding year. If the CPI does not change or goes down, no change shall be made to the schedule for that year unless an adjustment is made to targeted cost recovery levels or cost study findings indicate that an adjustment is appropriate.
This is the City’s current practice and no change to this practice is recommended.
FISCAL IMPACT
Implementation of this schedule of costs and charges is subject to formation of new districts to which the schedule would apply; therefore, no fiscal impact is estimated at this time. However, it can be stated that the proposed Schedule of Maintenance Costs and Charges for Maintenance CFDs is intended to target full costs recovery in a fair and reasonable manner for all future maintenance CFDs once implemented.
The fees currently in place are sufficient to recover approximately 90% - 95% of the City’s service district maintenance costs, depending on the service provided. The adjusted fees are intended to recover 100% of the maintenance costs.
Fiscal impact will be dependent on the number of future districts formed and the array of maintenance activities required for each district. For illustrative purposes, for every ten (10) acres of parks/streetscape to be maintained for a new service district, adjusted fees would recover an additional $800 per acre, per year. Alternatively, this could be expressed as additional revenue of $8,000 per 10 acres, per year to offset the costs of parks/streetscape maintenance. Without recovery of these costs from the service districts, maintenance costs will need to be reduced (i.e., service level reduction) or funded from another City revenue source, typically the City’s General Fund.
It is important to note that while establishing a universal schedule of costs and charges might provide a fiscal impact in the form of additional revenue, the revenue is not intended to be used to fund new services, rather the revenue is intended to offset the costs of providing existing services that are recoverable from the schedule. Consequently, while charges may rise annually, typically labor costs and contract service provider costs (the primary drivers of service costs) also rise annually. Recalibration of the schedule of costs and charges simply provides an offset of existing expenditures/needs rather than a source of funding for expanded service levels.
ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment, or is otherwise not considered a project as defined by CEQA Statute §21065 and CEQA State Guidelines §15060(c)(3) and §15378. Adoption of the resolution and schedule of maintenance costs and charges meet the above criteria and are not subject to CEQA. No additional environmental review is required.
CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal A - Remain fiscally responsible in a changing world Goal E - Deliver exceptional city services
Respectfully Submitted,
Jeannine Thrash, Management Analyst
Dennis Kauffman, Assistant City Manager/ Chief Financial Officer
_____________________________
Dominick Casey, City Manager
ATTACHMENTS:
Description
Public Hearing Notice
Resolution 23-140
NOTICE OF PUBLIC HEARING
Notice is hereby given that on April 19, 2023 at 6 pm, or as soon thereafter as the matter may be heard, the City Council of the City of Roseville will hold a Public Hearing at the City Council Chambers located at 311 Vernon Street, Roseville, CA to consider adoption of a schedule of maintenance costs and charges for community facilities districts.
If adopted, the schedule of costs and charges will apply for formation of new Community Facilities Districts or annexation into an existing one , but will not affect previously established districts or districts that have initiated proceedings, as of the date of adoption of the resolution, to form a Community Facilities District to finance services.
If adopted, the schedule of costs and charges will be effective upon adoption through June 30, 2024.
For further information contact the City’s Assistant City Manager/Chief Financial Officer, Dennis Kauffman at (916) 774 -5200. Written communications may be directed to: City Council, 311 Vernon Street, Roseville, CA 95678.
If you challenge the decision in court, you may be limited to raising only those issues you or someone else raised at the Public Hearing described in this notice, or in written correspondence delivered to the City Clerk at, or prior to the Public Hearing.
ROSEVILLE CITY COUNCIL
Carmen Avalos, City Clerk
Dated:
Publish:
RESOLUTION NO. 23-140
ADOPTING A SCHEDULE OF MAINTENANCE COSTS AND CHARGES FOR
COMMUNITY FACILITIES DISTRICTS
WHEREAS, from time to time the City authorizes the formation of a Community Facilities District (CFD) under the Mello-Roos Community Facilities Act of 1982 (Act) to be used to finance maintenance and operation of certain services authorized under the Act; and WHEREAS, the City can uniformly identify the costs of providing many of the commonly required maintenance and operations services and activities provided within a CFD; and
WHEREAS, in an effort to support a more streamlined process for negotiating CFD conditions, improved cost recovery, and equity between districts, on March 20, 2019 the City adopted Resolution No. 19-79, Adopting a Schedule of Maintenance Costs and Charges for Community Facilities Districts; and
WHEREAS, the schedule was most recently updated effective July 1, 2022 to incorporate annual inflationary adjustments to the various maintenance costs and charges identified in the schedule based on the change in the all-urban Consumer Price Index (CPI) for the San Francisco- Oakland-Hayward area from October to October of the immediately preceding year; and WHEREAS, staff has recently completed an updated evaluation of the costs of providing many of the commonly required maintenance and operations services and activities provided within a CFD; and
WHEREAS, staff recommends adopting the updated schedule of maintenance costs and charges for community facilities districts, effective July 1, 2023, attached hereto as Exhibit “A;” and
WHEREAS, adoption of the uniform schedule of costs for certain services and activities does not preclude the City from recovering other CFD related service and maintenance costs, authorized by the Act, that are identified and established as part of the process of forming each CFD; and
WHEREAS, implementation of this schedule of costs and charges is subject to formation of new districts to which the schedule would apply, but will not affect previously established districts or districts that have initiated proceedings, as of the date of adoption of the resolution, to form a CFD to finance services authorized by the Act; and WHEREAS, staff further recommends authorizing the Chief Financial Officer to make automatic annual inflationary adjustments for the various maintenance costs and charges identified in the schedule based on all-urban Consumer Price Index (CPI) for the San Francisco- Oakland-Hayward area; and
WHEREAS, inflationary adjustments will be based on the CPI change from October to October of the immediately preceding year; and
WHEREAS, if the CPI does not change or goes down, no change shall be made to the schedule for that year unless an adjustment is made to targeted cost recovery levels or cost study findings indicate that an adjustment is appropriate; and NOW THEREFORE, BE IT RESOLVED by the Council of the City of Roseville that said Schedule of Maintenance Costs and Charges for Community Facilities Districts, effective July 1, 2023 is hereby adopted.
BE IT FURTHER RESOLVED, the Chief Financial Officer has authority to make automatic annual inflationary adjustments for the various costs and charges identified in the schedule based on the yearly change in the all-urban Consumer Price Index (CPI) for the San Francisco-Oakland-Hayward area.
PASSED AND ADOPTED by the Council of the City of Roseville this ___ day of ______________, 20__, by the following vote on roll call:
AYES COUNCILMEMBERS:
NOES COUNCILMEMBERS:
ABSENT COUNCILMEMBERS:
______________________________
MAYOR
ATTEST:
________________________
City Clerk
EXHIBIT “A”
Services and Activities Page
Park Maintenance, Landscape Corridors, Paseo and Median Maintenance 1 Preserve and Open Space Maintenance 2
Street Sweeping, Leaf Pickup, and Bike Trail Maintenance 4 Stormwater Management 5
City of Roseville
SCHEDULE OF MAINTENANCE COSTS AND CHARGES
FOR COMMUNITY FACILITIES DISTRICTS
City of Roseville
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Note
1 Landscape Corridors, Paseos, Medians per acre yearly $13,028 $13,751 2 Neighborhood Park: Basic, 3 to 5 Acres per acre yearly $14,475 $15,278 3 Neighborhood/School Park, up to 12 Acres per acre yearly $15,440 $16,297 Park Maintenance, Landscape Corridors, Paseo and Median Maintenance 1 City of Roseville
Preserve and Open Space Maintenance
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023
Biological Inspections
1 General Biological Inspection per acre yearly $52.19 $55.32 Vernal Pool Grasslands:
2 Wet Season Vernal Pool Hydrology and Invertebrate Survey per vernal pool yearly $193.36 $204.96 3 Dry Season Vernal Pool Hydrology and Floristics per vernal pool yearly $193.36 $204.96 4 Upland Grassland Monitoring per 25 acres yearly $1,724.90 $1,828.40 5 Oak Woodland Understory Grassland per 25 acres yearly $1,724.90 $1,828.40 6 Oak Species Composition and Recruitment per 25 acres yearly $652.11 $691.24 7 Residual Dry Matter Monitoring per 25 acres yearly $634.05 $672.10 8 Ground Nesting Bird Survey per acre yearly $356.87 $378.28 General Maintenance Inspections and Tasks
General Maintenance Inspection:
9 Level of Service A per acre yearly $68.49 $72.60
10 Level of Service B per acre yearly $136.98 $145.20
11 Level of Service C per acre yearly $205.47 $217.80
General Routine Maintenance:
12 Level of Service A per acre yearly $205.47 $217.80
13 Level of Service B per acre yearly $410.94 $435.60
14 Level of Service C per acre yearly $821.90 $871.22
General Non-Routine Maintenance:
15 Level of Service A per preserve yearly $308.21 $326.70 16 Level of Service B per preserve yearly $616.43 $653.42 17 Level of Service C per preserve yearly $924.64 $980.12 Tree Assessment for Health and Vigor:
18 Oak Woodland per acre yearly $97.33 $103.17
19 Riparian Woodland per acre yearly $259.54 $275.11
20 Tree Assessment in Target Safety Zone per tree yearly $113.55 $120.36 Public Interaction:
21 Level of Service A per preserve yearly $1,232.84 $1,306.81 22 Level of Service B per preserve yearly $2,465.69 $2,613.64 23 Level of Service C per preserve yearly $4,931.38 $5,227.28 Vegetation Abatement:
24 Grazing per acre yearly $378.51 $401.22
25 Mowing per acre yearly $519.09 $550.24
Creek Corridor Inspections and Tasks
Winter and Spring Corridor Assessment:
26 Level of Service A per acre yearly $68.49 $72.60
27 Level of Service B per acre yearly $136.98 $145.20
28 Level of Service C per acre yearly $205.47 $217.80
Creek Corridor Routine Maintenance:
2 City of Roseville
Preserve and Open Space Maintenance
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023
29 Level of Service A per acre yearly $410.94 $435.60
30 Level of Service B per acre yearly $821.90 $871.22
31 Level of Service C per acre yearly $1,232.84 $1,306.81 Creek Corridor Non-Routine Maintenance:
32 Level of Service A per preserve yearly $821.90 $871.22 33 Level of Service B per preserve yearly $1,643.80 $1,742.43 34 Level of Service C per preserve yearly $2,465.69 $2,613.64 Equipment and Restoration
35 Post and Cable Fence per LF yearly $0.32 $0.34
36 Ranch Fence per LF yearly $0.44 $0.47
37 Gates each yearly $216.29 $229.27
38 Signs each yearly $21.63 $22.93
39 Bollards each yearly $36.05 $38.21
40 Vernal Pool Grassland per acre yearly $24.66 $26.14
41 Oak Woodland/Savannah per acre yearly $88.25 $93.55
42 Riparian Woodland/Wetland per acre yearly $171.30 $181.58 RMA Compliance
43 Prepare and Follow-up of VRF w/Photo Documentation per preserve yearly $1,448.32 $1,535.22 44 Pre-maintenance Habitat Survey per acre yearly $13.05 $13.83 45 Nesting Bird Survey (other than for mowing) Level A per acre yearly $157.03 $166.45 46 Nesting Bird Survey (other than for mowing) Level B per acre yearly $237.92 $252.20 47 Nesting Bird Survey (other than for mowing) Level C per acre yearly $475.83 $504.38 48 Annual Environmental/Invasive Species Training per preserve yearly $365.63 $387.57 49 Fact Sheets/Onsite Cards per preserve yearly $108.14 $114.63 50 Annual Report on Routine Maintenance per preserve yearly $32.44 $34.39 51 Annual Monitoring Report for Restoration per preserve yearly $10.82 $11.47 52 4-Year RMA Status Report per preserve yearly $4.06 $4.30 3 City of Roseville
Street Sweeping, Leaf Pickup, and Bike Trail Maintenance # Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023
1 Street Sweeping per curb mile yearly $44.87 $49.36
2 Leaf Pickup per mile yearly $72.19 $79.41
3 Bike Trail Maintenance per LF yearly $1.20 $1.32
4 City of Roseville
Stormwater Management
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023
1 Stormwater Management residential unit yearly $28.03 $30.83 [a] Cost per unit may vary depending on total development area and number of units proposed for development. 5 Attachment B
Annual Maintenance Costs for Maintenance CFDs
CITY OF ROSEVILLE
MARCH 2023
TERRY MADSEN | PRINCIPAL CONSULTANT
[email protected] | 831.288.0608
7960 B Soquel Drive, Suite 363 | Aptos, California 95003 www.clearsourcefinancial.com
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
CONTENTS
REPORTING
1 Transmittal
2 Executive Summary
4 Project Orientation
6 Costs of Service
10 Data Sources
APPENDICES
A Illustration of Current and Proposed Maintenance Costs and Charges
B Cost of Service Data Sources
1 Park Maintenance, Landscape Corridors, Paseos and Median Maintenance, Preserve and Open Space Maintenance
2 Bike Trail Maintenance
3 Street Sweeping and Leaf Pickup
4 Regional Cost Inflation
4 Expenditure Details
7960 B SOQUEL DRIVE, SUITE 363 | APTOS, CALIFORNIA 95003 831.288.0608 | WWW.CLEARSOURCEFINANCIAL.COM
March 13, 2023
CITY OF ROSEVILLE
Attention: Dennis Kauffman, Chief Financial Officer
311 Vernon Street
Roseville, California 95678
Annual Maintenance Costs for Maintenance CFDs
Dear Dennis:
ClearSource Financial Consulting submits the following report to the City of Roseville describing the findings of our assistance to the City in developing an updated schedule of annual maintenance costs for services provided to Community Facilities Districts (CFDs) throughout the community.
Please refer to the Executive Summary for the key findings that will support your process in seeking approval from the City Council on this topic, while the balance of the report and its appendices provide the necessary documentation for implementation of those outcomes.
Thank you for the opportunity to once again serve the City on cost of service and cost recovery topics.
We are happy to continue discussion on this CFD maintenance cost and fee schedule as the need arises or consult with you on additional topics.
Sincerely,
TERRY MADSEN, PRESIDENT | CLEARSOURCE FINANCIAL CONSULTING
PHONE NUMBER: 831.288.0608
EMAIL ADDRESS: [email protected]
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 2
EXECUTIVE SUMMARY
PROJECT
The City of Roseville maintains a schedule identifying annual maintenance costs for services provided to Community Facilities Districts (CFDs) throughout the community . The purpose of this schedule is to provide a uniform set of costs to adequately and proportionately recover the cost of operations, maintenance, and adm inistration of services within maintenance CFDs in a transparent, efficient, and consistently applied manner.
The uniform schedule of costs supports a more streamlined proce ss for negotiating CFD conditions, improved cost recovery, and equity between districts. The schedule of costs is intended to minimize negotiation of cost recovery on district by district basis. Prior to establishment of this uniform schedule for services provided to CFDs, costs were heavily negotiated as new CFDs were developed, yielding divergent outcomes inconsistent with preferred practices and policies of the City at large.
FINDINGS
During the course of study, information was generated in detail and is discussed substantively throughout this report and appendices. However, outcomes of particular interest to City leadership and policymakers are highlighted below:
1 | A Comprehensive Array of Services are Provided by the City which are of Benefit to Districts
Though not all used by every CFD, nor to the same level of service, the following broad categories of ongoing maintenance services are provided by the City to CFDs throughout the community:
Park maintenance
Preserve and open space maintenance
Streetscape maintenance
Stormwater management
2 | Historical Practices Resulted in Divergent Unit Costs among Districts for Like Services
Despite similarities in the source and provision of maintenance services in special financing districts, historically the City’s CFDs have been subject to divergent charges (or unit cost bases) for the City to recover the costs it incurs to serve. Without further explanation, this yields the appearance, if not the actual effect, of disparate cost recovery to the City and treatment of individual districts.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 3
EXECUTIVE SUMMARY
3 | Historical Practices Created Excessive Negotiation over Cost Recovery for New Districts
In absence of a uniform schedule of costs for services provided to CFDs, the individual interests representing each entity – particularly those in the planning stages – are inadvertently given opportunity to negotiate applied costs . This overly burdens City resources and further exacerbates th e divergent outcomes cited above.
Furthermore, negotiation of applied costs risks a level of cost recovery less than adopted City policy, which targets full cost recovery for services of individual use or benefit, except where indicated by other established policy.
4 | City Data Management Enables More Consistent Unit Cost Derivation The City of Roseville deploys ample means for tracking workload and cost data in the services related to, if not directly provided, to these districts. In a data -driven organization, justifying, maintaining, and applying formal uniform sche dules of cost recovery is reasonably enabled. Use of such data in valuable ways, such as cost recovery and workload management, also increases the quality of these data management practices over time.
5 | Uniform Schedule of Costs Results in a More Effici ent, Predictable, and Fair Cost Recovery System
In an effort to correct existing inefficiencies in cost recovery practices related to maintenance CFDs, a Master S chedule of Maintenance Costs and Charges applicable to all future CFDs was established in March 2019. The schedule has been annually updated by the City since 2019.
Refer to Appendix A to view the service array, costs of service, and proposed maintenance charges for CFDs.
FINANCIAL IMPACTS
At this time, no financial impacts associated with implementation are estimated. Overall, it can be stated that this Schedule of Costs is intended to target full cost recovery in a fair and reasonable manner for all future maintenance CFDs once implemented.
ACTION
This report and the proposed Schedule of Costs and Charges for Maintenance CFDs is presented to City leadership and the City Council for review, scheduling of public hearing, and consideration of approval.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 4
PROJECT ORIENTATION
SCOPE OF STUDY
The City of Roseville completed a project to develop a schedule identifying annual maintenance costs for services provided to maintenance Community Facilities Districts ( CFDs) throughout the community .
ClearSource Financial Consulting, as an incumbent provider of other user/regulatory fee and cost recovery consulting for the City, assisted the City with this effort. Key outcomes expected of the uniform schedule of maintenance costs for CFDs include the following:
A comprehensive array of maintenance services provided by the City to maintenance CFDs throughout the community.
Consistent unit costs applied for like services.
Reduction of negotiation over unit costs of services and cost recovery from individual districts. Congruence of CFD cost recovery with broader City policy on recovery of costs for services of individual use or benefit.
A uniform schedule of costs and consistently applied cost recovery.
APPLICATION OF STUDY OUTCOMES
The outcome of this project – a uniform schedule of costs as a cost recovery system for maintenance CFDs citywide – is intended for application for all new CFDs planned and formed by the City.
Values expressed in this report are appropriate for Fiscal Year 20 23-2024. Future use will require inflationary adjustments, comparable to City practices for other user and regulato ry fees, and periodic analysis of underlying costs of service, in order to ensure costs and charges are appropriately quantified and structured.
CONSIDERATIONS FOR IMPLEMENTATION
If the City decides to adopt or otherwise utilize outcomes generated through this study, it should:
Update Systems for Fees, Charges and Cost Recovery Outcomes – Ensure that City staff begin using updated annual cost and charge information for maintenance C FDs, once the Schedule of Maintenance Costs and Charges becomes effective. This will include efforts in two areas:
- Administration: Applying unit costs of service in the schedule to the individual attributes of each district, to the degree feasible.
- Workload Management: Preparing the array of attributes and statistics by district that related to the services provides, such as various measurements of different maintained areas.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 5
PROJECT ORIENTATION
Actively Encourage and Monitor the Use of Data Tracking Systems that Support Cost of Service - Based Charges – In order to portray accurate and eligible costs of service, the City should be diligent about tracking time to tasks and recording statistics describing scale of tasks. This will ensure costs and charges continue to be developed following actual activity levels as intended. Periodically Review and Adjust Charge Methodologies – To ensure continued cost recovery targeted, costs and charges should be updated annually, following industry cost inflation metrics. Periodically, the City should perform a comprehensive study of costs and charges.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 6
COSTS OF SERVICE
MASTER SCHEDULE OF MAINTENANCE COSTS AND CHARGES
FOR MAINTENANCE CFDs
Purpose
The purpose of a schedule of maintenance cost and charges for maintenance CFDs is to provide a uniform set of costs and charges to adequately and proportionately recover the cost of maintenance services within CFDs in a transparent, efficient, and consistently applied manner.
Once implemented, t he schedule of costs and charges is intended to be applicable to a ll future maintenance CFDs: When applied to the individual attributes of each district, charges are intended to recover the annual costs of service for the maintenance service provided.
Services Provided
This schedule of maintenance costs and charges identifies uniform cost recovery for various direct services provided to maintenance CFDs throughout the community. It is important to note that not all maintenance CFDs demand each service, or even the same level of service. Actual application of costs and charges will be based on the services necessitated by the formation documents of each individual district.
A description of each direct service listed in the schedule of costs and charges is as follows:
Preserve and Open Space Maintenance – The City maintains open space/preserves within maintenance CFDs. Activities include, but are not limited to:
- General Biological Inspection
- Vernal Pool Grasslands
- Upland Grassland Monitoring
- Understory Grassland Monitoring
- Oak Species Composition and
Recruitment
- Residual Dry Matter Monitoring
- Ground Nesting Bird Survey
- California Department of Fish and
Wildlife Routine Maintenance
Agreement
- General Maintenance Inspection (three
levels of service)
- Tree Assessment for Health and Vigor
- Tree Assessment in Target Safety Zone
- Winter and Spring Corridor Assessment
(three levels of service)
- General Routine Maintenance (three
levels of service)
- General Non-Routine Maintenance
(three levels of service)
- Public Interaction (three levels of
service
- Vegetation Abatement
- Creek Corridor Routine Maintenance
(three levels of service)
- Creek Corridor Non-Routine
Maintenance (three levels of service)
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 7
COSTS OF SERVICE
Park Maintenance – The City maintains recreational parks and facilities within maintenance CFDs.
Activities include:
- Maintenance of Basic Neighborhood Park up to Five Acres - Maintenance of Neighborhood/School Park up to 12 Acres +/-, including the following standard amenities *:
• Organized sports fields
• Hard sports courts
• Two game courts
• One standard, two-room restroom
• One specialty park feature
• Maintained turf
Large group shaded picnic area, six
tables or more
• Off-street parking lot, 15 stalls or
more
• Asphalt trail
* Actual amenities are based on city-wide needs, gaps, recreation trends and developable acres. Streetscape Maintenance – The City maintains space and facilities as part of the streetscape within maintenance CFDs. Activities include:
- Landscape Corridor/Paseo/Median
Maintenance
- Leaf Pickup
- Street sweeping
- Bike Trail Maintenance
- Masonry Wall Maintenance and Repair
and Graffiti Removal
Stormwater Management – Maintenance CFDs participate in the City’s stormwater management program, including maintaining water quality structural controls such as drainage swales constructed between storm drain facilities and receiving waters.
Future Consideration – In subsequent updates of the schedule of maintenance costs and charges for maintenance CFDs, the City should continue to review the array of services listed in the schedule to ensure it is a complete inventory of all activities occurring to serve these districts and portrayed at an adequate level of detail for effective, proportional application.
Cost of Service Basis for Fees
Refer to the next section and the appendices of this report for a comprehensive list of data sources used as the cost of service justification for costs and charges presented. In summary, the following types of information were used to determine the basis for values in the schedule:
Adopted City budget and actual performance, reflecting revenues, expenditures, organizational structure, and accounting structures, such as types of expenses recorded and fund configuration Workload management databases utilized by operational departments which track statistics such as:
- Staff time to tasks and/or projects and programs
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 8
COSTS OF SERVICE
- Work order activity, such as time and materials needed for individual tasks Specialized studies that analyze aspects of the costs of services, such as:
- Unit cost analysis of maintenance activities
- Fully burdened hourly rates, labor multipliers, and other outcomes related to user and regulatory fees
- Indirect cost allocation plan
- Annual Comprehensive Financial Report
Hearing reports and other formal documentation associated with existing maintenance CFDs
Future Consideration – To support subsequent updates of the schedule of costs and charges for maintenance CFDs, the City should actively monitor workload management databases, particularly staff time-tracking, to ensure all personnel are recording time as completely as possible at a level of detail that can support cost recovery practices linked to a “cost of service” basis. Active use and periodic monitoring ensure more accurate databases compiled over time.
Charge Methods
Costs and charges are based on certain attributes of each maintenance CFD, which would indicate amount of service provided and create proportionality in outcomes between districts. Charge methods reflected in the schedule are as follows:
Amenity Size – This reflects measurements of maintained areas related to the services provided.
This includes acres, square feet, miles, and lineal feet of different types of space and facilities maintained.
Service Base – This would describe the population served. For example, each residential unit may be used as an applicable service base.
Service Cost – This method uses other costs as a metric, such as a percentage of other direct costs of service or total expenditures recorded to the district. Actual Cost – This method creates a pass-through: actual costs billed, such as metered utilities to the physical location (e.g., electricity, water) or specialized, contracted services necessitated. Frequency – A frequency for each fee amount is indicated in the fee schedule, such as yearly.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 9
COSTS OF SERVICE
Cost Recovery Policy
The City maintains published Goals and Policies Concerning the Use of Mello -Roos Community Facilities Act of 1982. An outlined purpose of the services/maintenance district is to fund the ongoing costs of parks and open space, public landscaping, police and fire protection services and library services and maintenance not funded by other sources; and to pay for any unfunded ongoing City maintenance or service costs associated with the development project.
The policies and goals described in that document provide a structure that among other objectives, seeks:
Fairness to current and future property owners
Protection of the City’s financial position
Reimbursement to the City of incurred expenses
It is expected that a schedule of maintenance costs and charges for CFDs will enable consistency of cost recovery in line with City policies such as these, whereas negotiation -based practices not only create an inefficient process overly burdensome to City resources, but also, divergent outcomes between districts utilizing similar services and the actual recovery level of costs incurred.
Fairly allocating costs to the services provided creates v alue and predictability for customers and reimburses the City for expenses utilized by a single party, as compared to the public at large. Fees in general ensure equity; those who benefit the most should pay the most, and pricing ensures that users pay appropriate fees.
Cost and Charge Amounts
The annual cost and charge amounts proposed for the maintenance services described in this report are listed in the Schedule of Maintenance Costs and Charges for Maintenance CFDs attached as Appendix A. Values shown reflect applicability in Fiscal Year 2023-2024.
To ensure continued cost recovery targeted, costs and charges should be updated annually, following industry cost inflation metrics. Periodically, the City should perform a comprehensive study of costs and charges.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE 10
DATA SOURCES
COST OF SERVICE BASIS FOR FEES
This project served as a means for accumulating individual cost of service analysis and information developed by the City across its organization that can support a uniform schedule of maintenance costs and charges for special financing districts. The following section describes the documentation associated with each service category and/or activity in the schedule. The Appendix B series shows each data source.
Preserve and Open Space Maintenance
Park Maintenance and Landscape Corridor/Paseo/Median Maintenance The City’s Parks Department analyzed annual parks maintenance time to service basic and full-service neighborhood parks. This maintenance time was used to inform the final acreage -based maintenance costs reflected in the schedule of costs and charges.
The City recently developed a study of preserve and open space maintenance costs at the activity level.
The report is titled Preserve and Open Space – Summary of Estimated Cost Analysis. Unit costs derived in this report are reflected in the schedule of costs and charges. The original schedule developed has been updated to reflect regional cost inflation over-time.
Details regarding these maintenance time estimates and cost of service are included in Appendix B-1.
Bike Trail Maintenance
The City performs routine maintenance of bike trails. This information is included in Appendix B-2.
Street Sweeping and Leaf Pickup
The City tracks labor and materials to street sweeping and leaf removal activities. This reporting information was used to develop the time and labor cost estimates detailed in Appendix B-3.
Regional Cost Inflation Information
Regional cost inflation for the San Francisco-Oakland-Hayward area is used to inform interim year updates to various costs. Regional cost information is provided in Appendix B-4.
Expenditure Details
Detailed accounting of par k maintenance, open sp ace maintenance, service district, street s weeping, street drainage, and bike trail maintenance expenditures are included in Appendix B-5.
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX A
ILLUSTRATION OF CURRENT AND PROPOSED MAINTENANCE
COSTS AND CHARGES FOR SERVICES CFDs
PROPOSED FOR FISCAL YEAR 2023-2024
Services and Activities Page
Park Maintenance, Landscape Corridors, Paseo and Median Maintenance 1 Preserve and Open Space Maintenance 2
Street Sweeping, Leaf Pickup, and Bike Trail Maintenance 4 Stormwater Management 5
City of Roseville
SCHEDULE OF MAINTENANCE COSTS AND CHARGES
FOR COMMUNITY FACILITIES DISTRICTS
Appendix A
City of Roseville
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Change Note
1 Landscape Corridors, Paseos, Medians per acre yearly $13,028 $13,751 5.5% 2 Neighborhood Park: Basic, 3 to 5 Acres per acre yearly $14,475 $15,278 5.5% 3 Neighborhood/School Park, up to 12 Acres per acre yearly $15,440 $16,297 5.5% Park Maintenance, Landscape Corridors, Paseo and Median Maintenance Appendix A: p. 1
City of Roseville
Preserve and Open Space Maintenance
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Change
Biological Inspections
1 General Biological Inspection per acre yearly $52.19 $55.32 6.0% Vernal Pool Grasslands:
2 Wet Season Vernal Pool Hydrology and Invertebrate Survey per vernal pool yearly $193.36 $204.96 6.0% 3 Dry Season Vernal Pool Hydrology and Floristics per vernal pool yearly $193.36 $204.96 6.0% 4 Upland Grassland Monitoring per 25 acres yearly $1,724.90 $1,828.40 6.0% 5 Oak Woodland Understory Grassland per 25 acres yearly $1,724.90 $1,828.40 6.0% 6 Oak Species Composition and Recruitment per 25 acres yearly $652.11 $691.24 6.0% 7 Residual Dry Matter Monitoring per 25 acres yearly $634.05 $672.10 6.0% 8 Ground Nesting Bird Survey per acre yearly $356.87 $378.28 6.0% General Maintenance Inspections and Tasks
General Maintenance Inspection:
9 Level of Service A per acre yearly $68.49 $72.60 6.0% 10 Level of Service B per acre yearly $136.98 $145.20 6.0% 11 Level of Service C per acre yearly $205.47 $217.80 6.0% General Routine Maintenance:
12 Level of Service A per acre yearly $205.47 $217.80 6.0% 13 Level of Service B per acre yearly $410.94 $435.60 6.0% 14 Level of Service C per acre yearly $821.90 $871.22 6.0% General Non-Routine Maintenance:
15 Level of Service A per preserve yearly $308.21 $326.70 6.0% 16 Level of Service B per preserve yearly $616.43 $653.42 6.0% 17 Level of Service C per preserve yearly $924.64 $980.12 6.0% Tree Assessment for Health and Vigor:
18 Oak Woodland per acre yearly $97.33 $103.17 6.0%
19 Riparian Woodland per acre yearly $259.54 $275.11 6.0% 20 Tree Assessment in Target Safety Zone per tree yearly $113.55 $120.36 6.0% Public Interaction:
21 Level of Service A per preserve yearly $1,232.84 $1,306.81 6.0% 22 Level of Service B per preserve yearly $2,465.69 $2,613.64 6.0% 23 Level of Service C per preserve yearly $4,931.38 $5,227.28 6.0% Vegetation Abatement:
24 Grazing per acre yearly $378.51 $401.22 6.0%
25 Mowing per acre yearly $519.09 $550.24 6.0%
Creek Corridor Inspections and Tasks
Winter and Spring Corridor Assessment:
26 Level of Service A per acre yearly $68.49 $72.60 6.0% 27 Level of Service B per acre yearly $136.98 $145.20 6.0% 28 Level of Service C per acre yearly $205.47 $217.80 6.0% Creek Corridor Routine Maintenance:
29 Level of Service A per acre yearly $410.94 $435.60 6.0% 30 Level of Service B per acre yearly $821.90 $871.22 6.0% 31 Level of Service C per acre yearly $1,232.84 $1,306.81 6.0% Creek Corridor Non-Routine Maintenance:
32 Level of Service A per preserve yearly $821.90 $871.22 6.0% Appendix A: p. 2
City of Roseville
Preserve and Open Space Maintenance
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Change
33 Level of Service B per preserve yearly $1,643.80 $1,742.43 6.0% 34 Level of Service C per preserve yearly $2,465.69 $2,613.64 6.0% Equipment and Restoration
35 Post and Cable Fence per LF yearly $0.32 $0.34 6.3%
36 Ranch Fence per LF yearly $0.44 $0.47 6.8%
37 Gates each yearly $216.29 $229.27 6.0%
38 Signs each yearly $21.63 $22.93 6.0%
39 Bollards each yearly $36.05 $38.21 6.0%
40 Vernal Pool Grassland per acre yearly $24.66 $26.14 6.0% 41 Oak Woodland/Savannah per acre yearly $88.25 $93.55 6.0% 42 Riparian Woodland/Wetland per acre yearly $171.30 $181.58 6.0% RMA Compliance
43 Prepare and Follow-up of VRF w/Photo Documentation per preserve yearly $1,448.32 $1,535.22 6.0% 44 Pre-maintenance Habitat Survey per acre yearly $13.05 $13.83 6.0% 45 Nesting Bird Survey (other than for mowing) Level A per acre yearly $157.03 $166.45 6.0% 46 Nesting Bird Survey (other than for mowing) Level B per acre yearly $237.92 $252.20 6.0% 47 Nesting Bird Survey (other than for mowing) Level C per acre yearly $475.83 $504.38 6.0% 48 Annual Environmental/Invasive Species Training per preserve yearly $365.63 $387.57 6.0% 49 Fact Sheets/Onsite Cards per preserve yearly $108.14 $114.63 6.0% 50 Annual Report on Routine Maintenance per preserve yearly $32.44 $34.39 6.0% 51 Annual Monitoring Report for Restoration per preserve yearly $10.82 $11.47 6.0% 52 4-Year RMA Status Report per preserve yearly $4.06 $4.30 5.9% Appendix A: p. 3
City of Roseville
Street Sweeping, Leaf Pickup, and Bike Trail Maintenance # Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Change
1 Street Sweeping per curb mile yearly $44.87 $49.36 10.0% 2 Leaf Pickup per mile yearly $72.19 $79.41 10.0%
3 Bike Trail Maintenance per LF yearly $1.20 $1.32 10.0% Appendix A: p. 4
City of Roseville
Stormwater Management
# Activity Cost Description Calculation Unit Frequency Effective July 1, 2022
Effective
July 1, 2023 Change
1 Stormwater Management residential unit yearly $28.03 $30.83 10.0% [a] Cost per unit may vary depending on total development area and number of units proposed for development.
Appendix A: p. 5
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B
COST OF SERVICE DATA SOURCES
Section Service Area
1 Park Maintenance, Landscape Corridors, Paseos and Median Maintenance, Preserve and Open Space Maintenance
2 Bike Trail Maintenance
3 Street Sweeping and Leaf Pickup
4 Regional Cost Inflation Information
5 Expenditure Details
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B-1
PARK MAINTENANCE, LANDSCAPE CORRIDORS, PASEO AND
MEDIAN MAINTENANCE, AND PRESERVE AND OPEN SPACE
MAINTENANCE
City of Roseville
Calculation of Annual Costs for Landscape Maintenance (Parks, Paseos, Medians, etc.) Operating Statistics
Description Total Note
Number of Park Acres 984 [a]
Number of Streetscape Acres 309 [a]
Number of Open Space Acres 3,910 [a]
Total 5,203
Annual Expenditures - Parks Maintenance and Open Space Maintenance Description Total Note
Parks - Maintenance (58110) $9,211,494 [b]
Parks - Maintenance (58110) - Allocation of C'wide OH $1,695,961 [b] Parks - Open Space (58120) $2,490,917 [b]
Parks - Open Space (58120) - Allocation of C'wide OH $596,403 [b] Total $13,994,775
Annual Expenditures - Service Districts
Description Total Note
Administration $1,127,746 [b]
Sinking Fund, Capital, Transfers, etc. $1,022,227 [b]
Maintenance (All Other) $5,415,760 [b]
Total $7,565,733
Annual Expenditures - For Calculating Park Maintenance and Open Space Maintenance Costs Description Total Note
Parks - Maintenance (58110) $10,907,455
Parks - Open Space (58120) $3,087,320
Maintenance (All Other) $5,415,760
Total $19,410,535
Share of Costs Per Acre
Description Total Note
Parks & Streetscapes 78% [c]
Open Space 22% [c]
Total 100%
Allocation of Annual Maintenance Costs with Break-out of "Maintenance - All Other" Cost Pool Description Total Note
Parks - Maintenance (58110) $10,907,455
Maintenance (All Other) - Share to Parks & Streetscapes $4,221,015 [c] Parks - Open Space (58120) $3,087,320
Maintenance (All Other) - Share to Open Space $1,194,745 [c] Total $19,410,535
Annual Depreciation for Parks and Landscaping
Description Total Note
Parks $3,371,737 [d]
Landscaping $2,284,350 [d]
Total $5,656,087
Total Costs
Description Total Note
Parks and Streetscapes Maintenance $19,536,795 [c]
Open Space $5,529,827 [c]
Total $25,066,622
Cost Per Acre
Description Total Note
Parks & Streetscapes $15,109
Open Space $1,414
Appendix B-1: p. 1
City of Roseville
Calculation of Annual Costs for Landscape Maintenance (Parks, Paseos, Medians, etc.) Share of Parks and Streetscapes Maintenance Effort Per Year Description Hours Per Acre
Average for
Weighted Factor Factor
Paseos, Medians, Landscape Corridors 108 119 0.91 Neighborhood Park: Basic, 3 to 5 Acres 120 119 1.01 Neighborhood/School Park, up to 12 Acres +/- * 128 119 1.08 Cost Per Acre Parks and Streetscape Maintenance
Description
Average Cost Per
Acre Weighted Factor
Total Cost Per
Acre
Paseos, Medians, Landscape Corridors $15,109 0.91 $13,751 Neighborhood Park: Basic, 3 to 5 Acres $15,109 1.01 $15,278 Neighborhood/School Park, up to 12 Acres +/- * $15,109 1.08 $16,297 Cost Per Acre Open Space Maintenance
Description
Average Cost Per
Acre Note
Open Space $1,414 [f]
[a] Source: City of Roseville FY 22/23 Adopted Budget p. B-68 (Key Workload Measures). FY 21/22 revised actual acres maintained. [b] Source: FY 21/22 actual expenditures. Amounts are summarized in the budget (i.e. rolled-up). Breakout provided in this analysis. [c] Approximation, based on budget units 58110 and 58120. [d] Source: City of Roseville Annual Comprehensive Financial Report (ACFR) for period ending June 30, 2022 p. 71. [e] Source: Hours per acre based on estimated workflow analysis prepared by Parks staff. See accompanying worksheet. [f] For informational purposes only. The City uses a detailed breakdown of open space factors to calculate costs by district.
Appendix B-1: p. 2
City of Roseville
Calculation of Annual Per Acre Maintenance Costs for Landscape Maintenance (Parks, Paseos, Medians, etc.) Landscape Corridors, Paseos, Medians
Description Annual Hours Unit Notes
All Maintenance 108 per acre [a] Neighborhood Park: Basic, 3 to 5 Acres
Description Annual Hours Unit Notes
All Maintenance 120 per acre [a] Neighborhood/School Park, up to 12 Acres +/- *
Description Annual Hours Est. Acres
Annual Hours Per
Acre Unit Notes
(1) full sized basketball court 4 12 0.33 per acre [b] (2) Tennis courts 4 12 0.33 per acre [b] (1) Youth (unlit) baseball field 24 12 2.00 per acre [b] (1) Youth (unlit) softball field 24 12 2.00 per acre [b] Regulation sized soccer (2) 32 12 2.67 per acre [b] (1) Standard (2 room) restroom 80 12 6.67 per acre [b] (1) non-recirculating water feature (mists) 2 12 0.17 per acre [b] (2) Horseshoe Courts 2 12 0.17 per acre [b] Large group shaded picnic area (6 tables +) 32 12 2.67 per acre [b] Off-street parking lot (+15)/stall 32 12 2.67 per acre [b] Asphalt trail/mile 2 12 0.17 per acre [b] Turf Maintenance 108 1 108.00 per acre [a];[c] Total 127.83 per acre
Notes:
[c] Assumes economy of scale for turf maintenance of larger park areas. * This list is an example of typical school/park amenities. Actual amenities will vary. [a] Includes weekly mowing, edging, and trimming; periodic fertilization, aerification, chemical application, irrigation system check, spot system check, and as-needed repairs.
[b] Non-turf analysis assumes 12-acre park to provide a conservative estimate. Assumes economy of scale for turf maintenance of larger areas.
Appendix B-1: p. 3
City of Roseville
Open Space Maintenance Costs
FY 22/23 FY 23/24
Description
Annual Cost
Per Unit
Annual Cost
Per Unit Unit
General Biological Inspection 52.19$ 55.32$ Acre Wet Season VP Hydrology and Invertebrates 193.36$ 204.96$ Pool Dry Season VP Hydrology and Floristics 193.36$ 204.96$ Pool VP Upland Grassland 1,724.90$ 1,828.40$ OS Oak Woodland Understory Grassland 1,724.90$ 1,828.40$ OS Oak Species Composition and Recruitment 652.11$ 691.24$ OS Residual Dry Matter 634.05$ 672.10$ OS Ground Nesting Bird Surveys 356.87$ 378.28$ Acre General Maintenance Inspection Level A 68.49$ 72.60$ Acre General Maintenance Inspection Level B 136.98$ 145.20$ Acre General Maintenance Inspection Level C 205.47$ 217.80$ Acre General Maintenance Routine Level A 205.47$ 217.80$ Acre General Maintenance Routine Level B 410.94$ 435.60$ Acre General Maintenance Routine Level C 821.90$ 871.21$ Acre General Maintenance Non-routine Level A 308.21$ 326.70$ Preserve General Maintenance Non-routine Level B 616.43$ 653.42$ Preserve General Maintenance Non-routine Level C 924.64$ 980.12$ Preserve Tree Assessment - Health and Vigor - Oak Woodland 97.33$ 103.17$ Acre Tree Assessment - Health and Vigor - Riparian Woodland 259.54$ 275.11$ Acre Tree Assessment - Target Zone Safety 113.55$ 120.36$ Tree Public Interaction - Level A 1,232.84$ 1,306.81$ OS Public Interaction - Level B 2,465.69$ 2,613.64$ OS Public Interaction - Level C 4,931.38$ 5,227.28$ OS Vegetation Abatement - Grazing Sheep/Goats 378.51$ 401.22$ Acre Vegetation Abatement - Mowing 519.09$ 550.24$ Acre Creek Corridor Inspection - Level A 68.49$ 72.60$ Acre Creek Corridor Inspection - Level B 136.98$ 145.20$ Acre Creek Corridor Inspection - Level C 205.47$ 217.80$ Acre Creek Corridor Maintenance Routine - Level A 410.94$ 435.60$ Acre Creek Corridor Maintenance Routine - Level B 821.90$ 871.22$ Acre Creek Corridor Maintenance Routine - Level C 1,232.84$ 1,306.81$ Acre Creek Corridor Maintenance Non-routine - Level A 821.90$ 871.22$ Preserve Creek Corridor Maintenance Non-routine - Level B 1,643.80$ 1,742.43$ Preserve Creek Corridor Maintenance Non-routine - Level C 2,465.69$ 2,613.64$ Preserve Post and Cable Fence 0.32$ 0.34$ LF/Yr Ranch Fence 0.44$ 0.47$ LF/Yr Gates 216.29$ 229.27$ Each/Yr
Signs 21.63$ 22.93$ Each/Yr
Bollards 36.05$ 38.21$ Each/Yr
Vernal Pool Grassland 24.66$ 26.14$ Acre/Yr Oak Woodland/Savannah 88.25$ 93.55$ Acre/Yr Riparian Woodland/Wetland 171.30$ 181.58$ Acre/Yr Prepare and Follow-up of VRF w/Photo Documentation 1,448.32$ 1,535.22$ Preserve Pre-maintenance Habitat Survey 13.05$ 13.83$ Acre/Yr Nesting Bird Survey (other than for mowing) Level A 157.03$ 166.45$ Acre/Yr Nesting Bird Survey (other than for mowing) Level B 237.92$ 252.20$ Acre/Yr Nesting Bird Survey (other than for mowing) Level C 475.84$ 504.38$ Acre/Yr Annual Environmental/Invasive Species Training 365.63$ 387.57$ Preserve Fact Sheets/Onsite Cards 108.14$ 114.63$ Preserve Annual Report on Routine Maintenance 32.44$ 34.39$ Preserve Annual Monitoring Report for Restoration 10.82$ 11.47$ Preserve 4-Year RMA Status Report 4.06$ 4.30$ Preserve Biological InspectionsGeneral Maintenance Inspections and TasksCreek Corridor Insp./TasksEquipment & Rest'rtnRMA Compliance Appendix B-1: p. 4
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B-2
BIKE TRAIL MAINTENANCE
City of Roseville
Calculation of Bike Trail Per Lineal Foot Maintenance Costs Operating Statistics
Description Total Note
Miles of Bike Paths 40 [a]
Linear Feet Per Mile 5,280
Annual Expenditures - Bike Paths
Description Total Note
Bike Trail - Maintenance (62460) $136,989 [b]
Annual Depreciation for Bike Paths
Description Total Note
Bike Paths $283,269 [c]
Total Costs
Description Total Note
Bike Trail $420,258
Breakdown of Costs
Description Total Note
Cost Per Mile $10,506
Cost Per Linear Foot $1.99
Notes:
[a] Source: City website (roseville.ca.us/bikeways). Bicycle friendly community page. https://www.roseville.ca.us/cms/One.aspx?portalId=7964922&pageId=8967189. [b] Source: FY 21/22 actual expenditures.
[c] Source: City of Roseville Annual Comprehensive Financial Report (ACFR) for period ending June 30, 2022 p. 71.
Appendix B-2: p. 1
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B-3
STREET SWEEPING AND LEAF PICKUP
City of Roseville
Calculation of Hourly Rate for Street Sweeping and Leaf Pickup Expense Information
62345 - Street
Sweeping
62310 - Street
Drainage
Description Total Adjustment Total Notes
Salaries: Full-Time Employees $676,598 $326,522 $1,003,120 [a] Benefits: Full-Time Employees $391,812 $205,097 $596,909 [a] Recurring Services and Supplies $811,899 $823,434 $1,635,333 [a] Total $1,880,309 $1,355,053 $3,235,362
FTE Information
Description Total Total Total Notes
Full-Time Employee Count 8.00 5.00 13.00 [b] Direct Hours: Full-Time Employees
Description
Paid Hours Per
FTE
Adjustment for
Leave
Productive
Hours
% of Time
Spent on
Indirect
Activities Direct Hours
Direct Hours
Rounded Per
FTE
Total Direct
Hours (All FTE
and Part-Time) Notes
Full-Time Employees 2,080 (216) 1,864 6% 1,748 1,750 22,750 [c];[d] Direct Hours: Part-Time/Temporary Employees
Description Total Wages
Est. Hourly
Rate Paid Hours
Paid Hours
Rounded Notes
Part-Time/Temporary Employees $ - 25$ - - [e] Direct Hours: Total
Description Total Notes
Full-Time Employees 22,750
Part-Time/Temporary Employees - Total 22,750
Fully-Burdened Hourly Rate for use in FY 22/23
Description Total Notes
Expenses $3,235,362
Hours 22,750
Hourly Rate $142
Notes:
[a] Source: FY 22/23 adopted budget.
[b] Source: Adopted labor allocation for FY 22/23.
[c] Leave includes adjustments for holiday, sick, vacation. [d] Indirect hours adjustments assumes 30 minutes per day spent on mandatory rest periods, administrative activities, etc. [e] Hourly rate estimated by ClearSource for purposes of this analysis.
Appendix B-3: p. 1
City of Roseville
Calculation of Per Curb Mile Street Sweeping Costs
Street Sweeping Cost Per Curb Mile
Description Curb Miles Hours
Hours Per Curb
Mile Hourly Rate Total Unit Notes
Street Sweeping 9,634 3,366 0.35 $142 $49.62 per curb mile [a] Street Sweeping 8,848 3,579 0.40 $142 $57.44 per curb mile [b] Average 9,241 3,473 0.38 $142 $53.36 per curb mile Description Curb Miles Hours
Hours Per Curb
Mile Hourly Rate Total Unit Notes
Street Sweeping 9,634 3,366 0.35 $142 $49.62 per curb mile [c] Notes:
[a] Logged hours and curb miles based on annual report log for the period 1/1/2017 through 12/31/2017. [b] Logged hours and curb miles based on annual report log for the period 1/1/2019 through 12/31/2019. [c] Using 2017 miles and hours statistics, but will continue to gather historical data and adjust in future years if necessary.
Appendix B-3: p. 2
City of Roseville
Calculation of Per Curb Mile Leaf Pickup Costs
Leaf Pickup Cost Per Curb Mile
Description Curb Miles Hours
Hours Per Curb
Mile Hourly Rate Total Unit Notes
Leaf Pickup 2,925 1,645 0.56 $142 $79.83 per curb mile [a] Leaf Pickup 2,016 1,599 0.79 $142 $112.63 per curb mile [b] Average 2,471 1,622 0.66 $142 $93.21 per curb mile Description Curb Miles Hours
Hours Per Curb
Mile Hourly Rate Total Unit Notes
Street Sweeping 2,925 1,645 0.56 $142 $79.83 per curb mile [c] Notes:
[a] Logged hours and curb miles based on annual report log for Fall Leaf Program 2017. [b] Logged hours and curb miles based on annual report log for Fall Leaf Program 2019. [c] Using 2017 miles and hours statistics, but will continue to gather historical data and adjust in future years if necessary.
Appendix B-3: p. 3
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B-4
REGIONAL COST INFLATION
INFLATIONARY ADJUSTMENT CALCULATION
Source: CPI All items in San Francisco-Oakland-Hayward, CA, all urban consumers, not seasonally adjusted (Series: CUURS49BSA0) Month Year Value FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY 24/25 October 2018 289.673
October 2019 298.443 3.03%
October 2020 301.736 1.10%
October 2021 313.265 3.82%
October 2022 332.062 6.00%
October 2023 0.00%
Appendix B-4: p. 1
CLEARSOURCE REPORT TO THE CITY OF ROSEVILLE
APPENDIX B-5
EXPENDITURE DETAILS
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
58110 - Parks Maintenance 1001 - General 5001 - Salaries 2,184,989 2,714,095 58110 - Parks Maintenance 1001 - General 5005 - Overtime 54,290 - 58110 - Parks Maintenance 1001 - General 5025 - Standby Pay 20,505 8,405 58110 - Parks Maintenance 1001 - General 5030 - Longevity Pay 28,628 51,523 58110 - Parks Maintenance 1001 - General 5035 - Certificate Pay 15,340 16,066 58110 - Parks Maintenance 1001 - General 5040 - Education Incentive Pay 785 1,200 58110 - Parks Maintenance 1001 - General 5045 - Leave Payoffs 60,307 57,602 58110 - Parks Maintenance 1001 - General 5050 - Temporary - 1000 Hr Salaries 166,832 127,691 58110 - Parks Maintenance 1001 - General 5053 - Temporary - 1500 Hr Salaries 259,407 500,589 58110 - Parks Maintenance 1001 - General 5070 - Vacancy Factor - (195,413) 58110 - Parks Maintenance 1001 - General 5071 - Budget only - Labor Adjustments - 91,884 58110 - Parks Maintenance 1001 - General 5090 - Accrued Salaries 25,315 - 58110 - Parks Maintenance 1001 - General 5101 - Benefit - Medical Insurance 547,793 818,377 58110 - Parks Maintenance 1001 - General 5102 - Benefit - Health Insurance Buyout - - 58110 - Parks Maintenance 1001 - General 5108 - Benefit - Long Term Disability - City Paid 4,941 6,824 58110 - Parks Maintenance 1001 - General 5112 - Benefit - Life Insurance 5,497 6,878 58110 - Parks Maintenance 1001 - General 5116 - Uniform Allowance 20,674 22,190 58110 - Parks Maintenance 1001 - General 5120 - Pers - City 283,969 374,053 58110 - Parks Maintenance 1001 - General 5124 - OPEB Contribution Benefit 83,654 - 58110 - Parks Maintenance 1001 - General 5128 - PERS - UAL 510,093 662,500 58110 - Parks Maintenance 1001 - General 5129 - RHS - City 11,401 10,800 58110 - Parks Maintenance 1001 - General 5138 - Deferred Compensation 47,214 71,951 58110 - Parks Maintenance 1001 - General 5150 - Medicare 39,431 62,943 58110 - Parks Maintenance 1001 - General 5154 - State Unemployment Insurance 6,534 10,852 58110 - Parks Maintenance 1001 - General 5201 - Fuel 128,320 212,289 58110 - Parks Maintenance 1001 - General 5301 - Professional Services 1,661,649 1,740,499 58110 - Parks Maintenance 1001 - General 5316 - Contract Services - Entryways - - 58110 - Parks Maintenance 1001 - General 5351 - Office Supplies 5,244 6,010 58110 - Parks Maintenance 1001 - General 5385 - Subscriptions - 200 58110 - Parks Maintenance 1001 - General 5387 - Advertising 59 - 58110 - Parks Maintenance 1001 - General 5389 - Printing 6,321 7,300 58110 - Parks Maintenance 1001 - General 5391 - Postage 5 - 58110 - Parks Maintenance 1001 - General 5395 - Equipment - Under 5000 25,805 18,740 58110 - Parks Maintenance 1001 - General 5397 - Equipment - Sports Under 5000 17,090 10,000 58110 - Parks Maintenance 1001 - General 5399 - Equipment - Technology Under 5000 7,363 2,200 58110 - Parks Maintenance 1001 - General 5401 - Building And Equipment Rental 13,199 10,000 58110 - Parks Maintenance 1001 - General 5403 - Safety And Protective Gear 3,520 10,000 58110 - Parks Maintenance 1001 - General 5411 - Repairs And Maintenance - General 12,401 - 58110 - Parks Maintenance 1001 - General 5415 - Repairs And Maintenance - Special Vehicle 3,626 3,000 58110 - Parks Maintenance 1001 - General 5417 - Repairs And Maintenance - Equipment 132,002 14,400 58110 - Parks Maintenance 1001 - General 5419 - Repairs And Maintenance - Radio Equipment - 4,000 58110 - Parks Maintenance 1001 - General 5421 - Repairs And Maintenance - System 743,581 1,091,928 58110 - Parks Maintenance 1001 - General 5423 - Repairs And Maintenance - Landscape 293 - 58110 - Parks Maintenance 1001 - General 5451 - Utility Charges - Telecommunication 12,740 19,650 58110 - Parks Maintenance 1001 - General 5453 - Utility Charges - City Bills 1,167,975 1,417,034 58110 - Parks Maintenance 1001 - General 5455 - Utility Charges - Other 33,713 43,707 58110 - Parks Maintenance 1001 - General 5461 - Training And Development 13,153 10,985 58110 - Parks Maintenance 1001 - General 5471 - Membership 295 750 58110 - Parks Maintenance 1001 - General 5491 - General Liability Insurance (fixed) 0 - Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* Appendix B-5: p. 1
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 58110 - Parks Maintenance 1001 - General 5510 - Automotive - vehicle usage 245,806 260,984 58110 - Parks Maintenance 1001 - General 5512 - Automotive - replacement 279,632 307,448 58110 - Parks Maintenance 1001 - General 5514 - Automotive - pooled vehicle usage 1,920 1,952 58110 - Parks Maintenance 1001 - General 5516 - Automotive - vehicle shortage 51,143 151,732 58110 - Parks Maintenance 1001 - General 5520 - Facility - services - fixed 85,412 80,231 58110 - Parks Maintenance 1001 - General 5524 - Facility - demand services - - 58110 - Parks Maintenance 1001 - General 5526 - Facility - shared utility - fixed 49,635 53,525 58110 - Parks Maintenance 1001 - General 5528 - Facility - rehab - fixed 74,768 174,728 58110 - Parks Maintenance 1001 - General 5530 - Equipment replacement - - 58110 - Parks Maintenance 1001 - General 5538 - IT - special maintenance - - 58110 - Parks Maintenance 1001 - General 5566 - Special Assessments 10,282 8,541 58110 - Parks Maintenance 1001 - General 5581 - Credit Card Fees 2,039 4,579 58110 - Parks Maintenance 1001 - General 5582 - Other Fees 43,470 45,732 58110 - Parks Maintenance 1001 - General 5585 - Miscellaneous 1,434 - 58110 - Parks Maintenance 1001 - General 5911 - Reimbursed Cost - Charged - - 58110 - Parks Maintenance 1001 - General 5912 - Reimbursed Cost - Received (559,694) (685,106) 58110 - Parks Maintenance 1001 - General 5980 - Internal Labor - Raw Cost Reimbursement (7,754) - 58110 - Parks Maintenance 1001 - General 5981 - Internal Labor - Burden Reimbursement (6,040) - 58110 - Parks Maintenance 1001 - General 6602 - Interest Expense - Leases - - 58110 - Parks Maintenance 1001 - General 6692 - Principal payment - Leases - - 58120 - Open Space 1001 - General 5001 - Salaries 562,809 739,792 58120 - Open Space 1001 - General 5005 - Overtime 5,097 - 58120 - Open Space 1001 - General 5035 - Certificate Pay - 200 58120 - Open Space 1001 - General 5045 - Leave Payoffs 6,540 14,819 58120 - Open Space 1001 - General 5050 - Temporary - 1000 Hr Salaries 42,497 25,181 58120 - Open Space 1001 - General 5053 - Temporary - 1500 Hr Salaries 178,781 428,894 58120 - Open Space 1001 - General 5070 - Vacancy Factor - (62,105) 58120 - Open Space 1001 - General 5090 - Accrued Salaries 7,631 - 58120 - Open Space 1001 - General 5101 - Benefit - Medical Insurance 140,302 229,364 58120 - Open Space 1001 - General 5108 - Benefit - Long Term Disability - City Paid 489 495 58120 - Open Space 1001 - General 5112 - Benefit - Life Insurance 1,431 1,787 58120 - Open Space 1001 - General 5116 - Uniform Allowance 3,824 2,500 58120 - Open Space 1001 - General 5120 - Pers - City 83,472 128,109 58120 - Open Space 1001 - General 5124 - OPEB Contribution Benefit 19,575 - 58120 - Open Space 1001 - General 5128 - PERS - UAL 125,180 234,762 58120 - Open Space 1001 - General 5138 - Deferred Compensation 6,631 11,571 58120 - Open Space 1001 - General 5150 - Medicare 11,123 20,917 58120 - Open Space 1001 - General 5154 - State Unemployment Insurance 1,862 3,606 58120 - Open Space 1001 - General 5201 - Fuel 31,588 54,214 58120 - Open Space 1001 - General 5301 - Professional Services 615,616 630,336 58120 - Open Space 1001 - General 5351 - Office Supplies 313 - 58120 - Open Space 1001 - General 5389 - Printing - 500 58120 - Open Space 1001 - General 5391 - Postage 42 300 58120 - Open Space 1001 - General 5395 - Equipment - Under 5000 6,923 11,000 58120 - Open Space 1001 - General 5399 - Equipment - Technology Under 5000 765 2,300 58120 - Open Space 1001 - General 5401 - Building And Equipment Rental 5,207 5,000 58120 - Open Space 1001 - General 5403 - Safety And Protective Gear 10,813 12,600 58120 - Open Space 1001 - General 5411 - Repairs And Maintenance - General 2,725 - 58120 - Open Space 1001 - General 5415 - Repairs And Maintenance - Special Vehicle 6,249 3,000 Appendix B-5: p. 2
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 58120 - Open Space 1001 - General 5417 - Repairs And Maintenance - Equipment 8,925 5,000 58120 - Open Space 1001 - General 5421 - Repairs And Maintenance - System 15,566 21,000 58120 - Open Space 1001 - General 5451 - Utility Charges - Telecommunication 5,328 6,480 58120 - Open Space 1001 - General 5453 - Utility Charges - City Bills - - 58120 - Open Space 1001 - General 5455 - Utility Charges - Other 26,764 34,201 58120 - Open Space 1001 - General 5461 - Training And Development 5,543 6,550 58120 - Open Space 1001 - General 5471 - Membership 598 1,600 58120 - Open Space 1001 - General 5510 - Automotive - vehicle usage 78,084 81,207 58120 - Open Space 1001 - General 5512 - Automotive - replacement 105,056 131,554 58120 - Open Space 1001 - General 5514 - Automotive - pooled vehicle usage 1,678 2,040 58120 - Open Space 1001 - General 5516 - Automotive - vehicle shortage - 83,279 58120 - Open Space 1001 - General 5524 - Facility - demand services - - 58120 - Open Space 1001 - General 5582 - Other Fees 38,015 40,066 58120 - Open Space 1001 - General 5585 - Miscellaneous 372 1,000 58120 - Open Space 1001 - General 5912 - Reimbursed Cost - Received (382,620) (553,847) 58120 - Open Space 1001 - General 5980 - Internal Labor - Raw Cost Reimbursement (50) - 58120 - Open Space 1001 - General 5981 - Internal Labor - Burden Reimbursement (49) - 58120 - Open Space 2521 - Open Space 5201 - Fuel 2,219 1,500 58120 - Open Space 2521 - Open Space 5301 - Professional Services 426,084 413,600 58120 - Open Space 2521 - Open Space 5395 - Equipment - Under 5000 1,316 2,000 58120 - Open Space 2521 - Open Space 5403 - Safety And Protective Gear 376 3,500 58120 - Open Space 2521 - Open Space 5417 - Repairs And Maintenance - Equipment 2,237 2,500 58120 - Open Space 2521 - Open Space 5421 - Repairs And Maintenance - System 4,707 15,000 58120 - Open Space 2521 - Open Space 5453 - Utility Charges - City Bills 539 5,000 58120 - Open Space 2521 - Open Space 5461 - Training And Development 978 4,902 58120 - Open Space 2521 - Open Space 5510 - Automotive - vehicle usage 2,712 9,412 58120 - Open Space 2521 - Open Space 5512 - Automotive - replacement 2,526 11,087 58120 - Open Space 2521 - Open Space 5516 - Automotive - vehicle shortage 96,600 189,698 58120 - Open Space 2521 - Open Space 5538 - IT - special maintenance - - 58120 - Open Space 2521 - Open Space 5911 - Reimbursed Cost - Charged 122,510 198,623 58120 - Open Space 2541 - Native Oak Tree Propagation 5301 - Professional Services 7,911 55,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5389 - Printing 2,282 5,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5391 - Postage - 250 58120 - Open Space 2541 - Native Oak Tree Propagation 5395 - Equipment - Under 5000 129 42,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5401 - Building And Equipment Rental - 5,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5403 - Safety And Protective Gear 357 4,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5417 - Repairs And Maintenance - Equipment - 3,500 58120 - Open Space 2541 - Native Oak Tree Propagation 5421 - Repairs And Maintenance - System 7,367 14,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5461 - Training And Development 2,141 3,500 58120 - Open Space 2541 - Native Oak Tree Propagation 5465 - Mileage 143 - 58120 - Open Space 2541 - Native Oak Tree Propagation 5471 - Membership - 550 58120 - Open Space 2541 - Native Oak Tree Propagation 5514 - Automotive - pooled vehicle usage - 1,000 58120 - Open Space 2541 - Native Oak Tree Propagation 5911 - Reimbursed Cost - Charged 71,947 70,479 58120 - Open Space 2541 - Native Oak Tree Propagation 5912 - Reimbursed Cost - Received (60,121) - 58120 - Open Space 2545 - Non-Native Tree Propagation 5301 - Professional Services 13,690 30,000 58120 - Open Space 2545 - Non-Native Tree Propagation 5389 - Printing - 5,000 58120 - Open Space 2545 - Non-Native Tree Propagation 5395 - Equipment - Under 5000 367 8,000 58120 - Open Space 2545 - Non-Native Tree Propagation 5401 - Building And Equipment Rental - 3,000 58120 - Open Space 2545 - Non-Native Tree Propagation 5403 - Safety And Protective Gear - 2,500 Appendix B-5: p. 3
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 58120 - Open Space 2545 - Non-Native Tree Propagation 5411 - Repairs And Maintenance - General 592 - 58120 - Open Space 2545 - Non-Native Tree Propagation 5421 - Repairs And Maintenance - System - 12,500 58120 - Open Space 2545 - Non-Native Tree Propagation 5461 - Training And Development 73 2,000 58120 - Open Space 2545 - Non-Native Tree Propagation 5471 - Membership 540 250 58120 - Open Space 2545 - Non-Native Tree Propagation 5911 - Reimbursed Cost - Charged 71,947 70,479 58120 - Open Space 2545 - Non-Native Tree Propagation 5912 - Reimbursed Cost - Received (60,121) - 58120 - Open Space 3380 - Bike Trail 5395 - Equipment - Under 5000 46 - 58120 - Open Space 3380 - Bike Trail 5423 - Repairs And Maintenance - Landscape (46) - 58120 - Open Space 3380 - Bike Trail 5510 - Automotive - vehicle usage - 142 58120 - Open Space 3380 - Bike Trail 5512 - Automotive - replacement - 214 58120 - Open Space 3380 - Bike Trail 5516 - Automotive - vehicle shortage - 1,940 58120 - Open Space 3410 - Al Johnson Wildlife Area 5433 - Repairs And Maintenance - Facility - - 58120 - Open Space 3410 - Al Johnson Wildlife Area 5580 - Permit Fees - - 58120 - Open Space 3410 - Al Johnson Wildlife Area 6550 - Capital Outlay - Equipment - 70,000 62310 - Street Drainage 1001 - General 5001 - Salaries 368,570 329,758 62310 - Street Drainage 1001 - General 5005 - Overtime 23,298 5,670 62310 - Street Drainage 1001 - General 5020 - Holiday Pay - - 62310 - Street Drainage 1001 - General 5025 - Standby Pay 5,261 6,304 62310 - Street Drainage 1001 - General 5030 - Longevity Pay 4,086 0 62310 - Street Drainage 1001 - General 5035 - Certificate Pay 13 1,200 62310 - Street Drainage 1001 - General 5040 - Education Incentive Pay 600 1,200 62310 - Street Drainage 1001 - General 5045 - Leave Payoffs 3,091 8,687 62310 - Street Drainage 1001 - General 5050 - Temporary - 1000 Hr Salaries - - 62310 - Street Drainage 1001 - General 5053 - Temporary - 1500 Hr Salaries 8,998 - 62310 - Street Drainage 1001 - General 5070 - Vacancy Factor - (19,342) 62310 - Street Drainage 1001 - General 5071 - Budget only - Labor Adjustments - (6,955) 62310 - Street Drainage 1001 - General 5090 - Accrued Salaries 1,002 - 62310 - Street Drainage 1001 - General 5101 - Benefit - Medical Insurance 93,177 87,624 62310 - Street Drainage 1001 - General 5102 - Benefit - Health Insurance Buyout 1,800 - 62310 - Street Drainage 1001 - General 5108 - Benefit - Long Term Disability - City Paid 586 271 62310 - Street Drainage 1001 - General 5112 - Benefit - Life Insurance 1,081 824 62310 - Street Drainage 1001 - General 5116 - Uniform Allowance 2,770 1,480 62310 - Street Drainage 1001 - General 5120 - Pers - City 42,377 35,937 62310 - Street Drainage 1001 - General 5124 - OPEB Contribution Benefit 15,254 0 62310 - Street Drainage 1001 - General 5128 - PERS - UAL 57,263 66,866 62310 - Street Drainage 1001 - General 5129 - RHS - City 1,182 1,200 62310 - Street Drainage 1001 - General 5138 - Deferred Compensation 4,490 3,367 62310 - Street Drainage 1001 - General 5150 - Medicare 5,735 6,421 62310 - Street Drainage 1001 - General 5154 - State Unemployment Insurance 948 1,107 62310 - Street Drainage 1001 - General 5201 - Fuel 43,533 42,309 62310 - Street Drainage 1001 - General 5215 - Auto Fluids - - 62310 - Street Drainage 1001 - General 5220 - Chemicals 3,482 4,500 62310 - Street Drainage 1001 - General 5301 - Professional Services 26,041 42,130 62310 - Street Drainage 1001 - General 5351 - Office Supplies 36 150 62310 - Street Drainage 1001 - General 5389 - Printing 138 200 62310 - Street Drainage 1001 - General 5395 - Equipment - Under 5000 1,907 3,500 62310 - Street Drainage 1001 - General 5401 - Building And Equipment Rental - 7,500 62310 - Street Drainage 1001 - General 5403 - Safety And Protective Gear 3,277 6,500 62310 - Street Drainage 1001 - General 5411 - Repairs And Maintenance - General 50,660 112,979 Appendix B-5: p. 4
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 62310 - Street Drainage 1001 - General 5415 - Repairs And Maintenance - Special Vehicle - 2,000 62310 - Street Drainage 1001 - General 5417 - Repairs And Maintenance - Equipment 1,167 3,000 62310 - Street Drainage 1001 - General 5421 - Repairs And Maintenance - System 768 202,500 62310 - Street Drainage 1001 - General 5453 - Utility Charges - City Bills 3,709 5,000 62310 - Street Drainage 1001 - General 5461 - Training And Development 1,685 3,000 62310 - Street Drainage 1001 - General 5471 - Membership 0 - 62310 - Street Drainage 1001 - General 5491 - General Liability Insurance (fixed) 6,056 12,362 62310 - Street Drainage 1001 - General 5495 - Workers Compensation Insurance (fixed) 5,095 12,000 62310 - Street Drainage 1001 - General 5510 - Automotive - vehicle usage 69,852 56,880 62310 - Street Drainage 1001 - General 5512 - Automotive - replacement 129,033 132,285 62310 - Street Drainage 1001 - General 5514 - Automotive - pooled vehicle usage 380 500 62310 - Street Drainage 1001 - General 5516 - Automotive - vehicle shortage - 127,000 62310 - Street Drainage 1001 - General 5524 - Facility - demand services - - 62310 - Street Drainage 1001 - General 5532 - IT - services - fixed 27,562 42,945 62310 - Street Drainage 1001 - General 5540 - IT - replacement - fixed 2,316 4,194 62310 - Street Drainage 1001 - General 5585 - Miscellaneous - - 62310 - Street Drainage 1001 - General 5912 - Reimbursed Cost - Received (13,862) - 62310 - Street Drainage 2305 - Highway Users Tax 5005 - Overtime 174 - 62310 - Street Drainage 2305 - Highway Users Tax 5053 - Temporary - 1500 Hr Salaries 1,964 - 62310 - Street Drainage 2305 - Highway Users Tax 5120 - Pers - City 217 - 62310 - Street Drainage 2305 - Highway Users Tax 5150 - Medicare 31 - 62310 - Street Drainage 2305 - Highway Users Tax 5154 - State Unemployment Insurance 5 - 62310 - Street Drainage 2305 - Highway Users Tax 5421 - Repairs And Maintenance - System 2,875 30,000 62310 - Street Drainage 2321 - Traffic Safety 5516 - Automotive - vehicle shortage - 50,000 62345 - Street Sweeping 6301 - Waste Services Operations 5001 - Salaries 452,609 598,957 62345 - Street Sweeping 6301 - Waste Services Operations 5005 - Overtime 27,693 20,180 62345 - Street Sweeping 6301 - Waste Services Operations 5025 - Standby Pay 813 2,627 62345 - Street Sweeping 6301 - Waste Services Operations 5030 - Longevity Pay 10,397 13,270 62345 - Street Sweeping 6301 - Waste Services Operations 5035 - Certificate Pay - 0 62345 - Street Sweeping 6301 - Waste Services Operations 5045 - Leave Payoffs 6,401 8,147 62345 - Street Sweeping 6301 - Waste Services Operations 5071 - Budget only - Labor Adjustments - 33,417 62345 - Street Sweeping 6301 - Waste Services Operations 5090 - Accrued Salaries 1,471 - 62345 - Street Sweeping 6301 - Waste Services Operations 5101 - Benefit - Medical Insurance 121,499 148,185 62345 - Street Sweeping 6301 - Waste Services Operations 5102 - Benefit - Health Insurance Buyout - - 62345 - Street Sweeping 6301 - Waste Services Operations 5108 - Benefit - Long Term Disability - City Paid 1,154 1,962 62345 - Street Sweeping 6301 - Waste Services Operations 5112 - Benefit - Life Insurance 1,199 1,748 62345 - Street Sweeping 6301 - Waste Services Operations 5116 - Uniform Allowance 2,991 1,620 62345 - Street Sweeping 6301 - Waste Services Operations 5120 - Pers - City 53,122 68,488 62345 - Street Sweeping 6301 - Waste Services Operations 5124 - OPEB Contribution Benefit 26,742 12,287 62345 - Street Sweeping 6301 - Waste Services Operations 5128 - PERS - UAL 91,595 123,023 62345 - Street Sweeping 6301 - Waste Services Operations 5129 - RHS - City 1,960 3,600 62345 - Street Sweeping 6301 - Waste Services Operations 5138 - Deferred Compensation 10,022 17,291 62345 - Street Sweeping 6301 - Waste Services Operations 5150 - Medicare 6,996 11,607 62345 - Street Sweeping 6301 - Waste Services Operations 5154 - State Unemployment Insurance 1,154 2,001 62345 - Street Sweeping 6301 - Waste Services Operations 5201 - Fuel 84,603 104,775 62345 - Street Sweeping 6301 - Waste Services Operations 5301 - Professional Services 94,026 125,000 62345 - Street Sweeping 6301 - Waste Services Operations 5351 - Office Supplies 68 300 62345 - Street Sweeping 6301 - Waste Services Operations 5389 - Printing - 300 62345 - Street Sweeping 6301 - Waste Services Operations 5395 - Equipment - Under 5000 1,721 2,000 Appendix B-5: p. 5
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 62345 - Street Sweeping 6301 - Waste Services Operations 5403 - Safety And Protective Gear 1,376 2,500 62345 - Street Sweeping 6301 - Waste Services Operations 5415 - Repairs And Maintenance - Special Vehicle 20,090 8,500 62345 - Street Sweeping 6301 - Waste Services Operations 5417 - Repairs And Maintenance - Equipment - 1,000 62345 - Street Sweeping 6301 - Waste Services Operations 5421 - Repairs And Maintenance - System - 500 62345 - Street Sweeping 6301 - Waste Services Operations 5453 - Utility Charges - City Bills 38,846 - 62345 - Street Sweeping 6301 - Waste Services Operations 5461 - Training And Development 850 1,500 62345 - Street Sweeping 6301 - Waste Services Operations 5465 - Mileage - - 62345 - Street Sweeping 6301 - Waste Services Operations 5471 - Membership 40 - 62345 - Street Sweeping 6301 - Waste Services Operations 5491 - General Liability Insurance (fixed) 8,394 18,274 62345 - Street Sweeping 6301 - Waste Services Operations 5495 - Workers Compensation Insurance (fixed) 15,261 25,683 62345 - Street Sweeping 6301 - Waste Services Operations 5510 - Automotive - vehicle usage 152,400 177,664 62345 - Street Sweeping 6301 - Waste Services Operations 5512 - Automotive - replacement 209,912 277,762 62345 - Street Sweeping 6301 - Waste Services Operations 5514 - Automotive - pooled vehicle usage - 500 62345 - Street Sweeping 6301 - Waste Services Operations 5532 - IT - services - fixed 43,995 65,641 62345 - Street Sweeping 6301 - Waste Services Operations 5912 - Reimbursed Cost - Received (841) - 62460 - Bike Trail Maintenance 3380 - Bike Trail 5201 - Fuel 5,033 5,654 62460 - Bike Trail Maintenance 3380 - Bike Trail 5395 - Equipment - Under 5000 - 500 62460 - Bike Trail Maintenance 3380 - Bike Trail 5403 - Safety And Protective Gear 2,596 1,000 62460 - Bike Trail Maintenance 3380 - Bike Trail 5417 - Repairs And Maintenance - Equipment 1,196 1,000 62460 - Bike Trail Maintenance 3380 - Bike Trail 5421 - Repairs And Maintenance - System 27,019 55,000 62460 - Bike Trail Maintenance 3380 - Bike Trail 5423 - Repairs And Maintenance - Landscape 46 - 62460 - Bike Trail Maintenance 3380 - Bike Trail 5510 - Automotive - vehicle usage 5,424 5,688 62460 - Bike Trail Maintenance 3380 - Bike Trail 5512 - Automotive - replacement 4,673 5,010 62460 - Bike Trail Maintenance 3380 - Bike Trail 5911 - Reimbursed Cost - Charged 91,002 113,400 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5453 - Utility Charges - City Bills 473 525 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5550 - CFD LLD Admin Fees - Other 1,951 2,032 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5552 - CFD LLD Admin Fees - City 354 348 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5558 - CFD LLD Admin Fees - County 117 168 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5560 - CFD LLD Admin Fees - Parks 150 150 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5562 - CFD LLD Admin Fees - Open Space 1,350 1,350 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 5585 - Miscellaneous 239 135 80201 - Landscape and Lighting Districts 2001 - Johnson Ranch LLD Zone A 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5550 - CFD LLD Admin Fees - Other 1,343 1,398 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5552 - CFD LLD Admin Fees - City 244 239 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5558 - CFD LLD Admin Fees - County 80 116 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5560 - CFD LLD Admin Fees - Parks 36 36 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5562 - CFD LLD Admin Fees - Open Space 36 36 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 5585 - Miscellaneous 195 93 80201 - Landscape and Lighting Districts 2002 - Johnson Ranch LLD Zone B 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5550 - CFD LLD Admin Fees - Other 1,049 1,092 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5552 - CFD LLD Admin Fees - City 191 187 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5558 - CFD LLD Admin Fees - County 90 91 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5560 - CFD LLD Admin Fees - Parks 100 100 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5562 - CFD LLD Admin Fees - Open Space 780 780 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 5585 - Miscellaneous 168 73 80201 - Landscape and Lighting Districts 2003 - Johnson Ranch LLD Zone C 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5550 - CFD LLD Admin Fees - Other 38 40 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5552 - CFD LLD Admin Fees - City 7 7 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5558 - CFD LLD Admin Fees - County 3 4 Appendix B-5: p. 6
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5560 - CFD LLD Admin Fees - Parks 36 36 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5562 - CFD LLD Admin Fees - Open Space 36 36 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 5585 - Miscellaneous 80 3 80201 - Landscape and Lighting Districts 2004 - Johnson Ranch LLD Zone D 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5550 - CFD LLD Admin Fees - Other 980 1,016 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5552 - CFD LLD Admin Fees - City 177 174 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5558 - CFD LLD Admin Fees - County 100 110 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5560 - CFD LLD Admin Fees - Parks 116 116 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5562 - CFD LLD Admin Fees - Open Space 906 906 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 5585 - Miscellaneous 204 68 80201 - Landscape and Lighting Districts 2005 - Johnson Ranch LLD Zone E 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5312 - Contract Services - Landscapes 23,520 24,226 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5314 - Contract Services - Parks 4,824 4,969 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5423 - Repairs And Maintenance - Landscape 11,387 25,000 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5425 - Repairs And Maintenance - Lighting 110 - 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5434 - Repairs and Maintenance - Tree Work 6,149 2,886 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5453 - Utility Charges - City Bills 31,053 37,800 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5550 - CFD LLD Admin Fees - Other 4,125 4,291 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5552 - CFD LLD Admin Fees - City 3,554 2,510 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5558 - CFD LLD Admin Fees - County 651 1,311 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5560 - CFD LLD Admin Fees - Parks 13,000 13,000 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5564 - Sinking Fund Expenses 10,963 41,800 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5585 - Miscellaneous 779 346 80201 - Landscape and Lighting Districts 2006 - Olympus Pointe LLD Zone A Commercial5911 - Reimbursed Cost - Charged 14,316 14,767 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5312 - Contract Services - Landscapes 31,212 32,148 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5423 - Repairs And Maintenance - Landscape 7,849 11,000 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5434 - Repairs and Maintenance - Tree Work 6,150 5,460 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5453 - Utility Charges - City Bills 18,056 21,000 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5550 - CFD LLD Admin Fees - Other 502 522 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5552 - CFD LLD Admin Fees - City 431 306 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5558 - CFD LLD Admin Fees - County 749 772 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5560 - CFD LLD Admin Fees - Parks 3,000 3,000 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5564 - Sinking Fund Expenses - 19,500 80201 - Landscape and Lighting Districts 2007 - Olympus Pointe LLD Zone D Residential5585 - Miscellaneous 106 43 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5312 - Contract Services - Landscapes 185,926 186,060 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5423 - Repairs And Maintenance - Landscape 65,843 30,000 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5434 - Repairs and Maintenance - Tree Work 30,320 22,000 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5453 - Utility Charges - City Bills 156,127 184,000 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5550 - CFD LLD Admin Fees - Other 8,669 9,016 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5552 - CFD LLD Admin Fees - City 9,242 9,244 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5558 - CFD LLD Admin Fees - County 4,622 4,622 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5560 - CFD LLD Admin Fees - Parks 33,000 33,000 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5564 - Sinking Fund Expenses 6,272 27,000 80201 - Landscape and Lighting Districts 2008 - North West Roseville LLD Zone A 5585 - Miscellaneous 11,415 356 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5312 - Contract Services - Landscapes 10,080 10,080 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5423 - Repairs And Maintenance - Landscape 1,496 2,900 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5434 - Repairs and Maintenance - Tree Work 2,401 1,600 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5453 - Utility Charges - City Bills 3,308 3,600 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5550 - CFD LLD Admin Fees - Other 359 374 Appendix B-5: p. 7
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5552 - CFD LLD Admin Fees - City 386 383 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5558 - CFD LLD Admin Fees - County 191 192 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5560 - CFD LLD Admin Fees - Parks 1,500 1,500 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 5585 - Miscellaneous 773 15 80201 - Landscape and Lighting Districts 2009 - North West Roseville LLD Zone B 6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5312 - Contract Services - Landscapes 166,341 182,619 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5423 - Repairs And Maintenance - Landscape 34,211 82,000 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5425 - Repairs And Maintenance - Lighting 475 - 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5434 - Repairs and Maintenance - Tree Work 28,518 30,000 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5453 - Utility Charges - City Bills 111,891 170,000 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5550 - CFD LLD Admin Fees - Other 6,289 6,542 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5552 - CFD LLD Admin Fees - City 10,296 10,590 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5558 - CFD LLD Admin Fees - County 4,973 5,220 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5560 - CFD LLD Admin Fees - Parks 32,500 32,500 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5564 - Sinking Fund Expenses - 15,000 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide5585 - Miscellaneous 460 293 80201 - Landscape and Lighting Districts 2010 - North Central Roseville LLD Zone A District Wide6550 - Capital Outlay - Equipment - - 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5312 - Contract Services - Landscapes 65,520 67,486 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5423 - Repairs And Maintenance - Landscape 15,945 40,000 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5434 - Repairs and Maintenance - Tree Work 19,490 14,102 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5453 - Utility Charges - City Bills 11,175 14,700 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5550 - CFD LLD Admin Fees - Other 1,915 1,993 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5552 - CFD LLD Admin Fees - City 3,136 3,225 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5558 - CFD LLD Admin Fees - County 1,534 1,580 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5560 - CFD LLD Admin Fees - Parks 9,500 9,500 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5564 - Sinking Fund Expenses 7,326 25,500 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit5585 - Miscellaneous 345 89 80201 - Landscape and Lighting Districts 2011 - North Central Roseville LLD Zone B Local Benefit6801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105312 - Contract Services - Landscapes 14,796 15,240 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105423 - Repairs And Maintenance - Landscape 3,489 2,700 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105434 - Repairs and Maintenance - Tree Work - 702 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105453 - Utility Charges - City Bills 3,500 4,597 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105550 - CFD LLD Admin Fees - Other 305 318 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105552 - CFD LLD Admin Fees - City 495 514 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105558 - CFD LLD Admin Fees - County 312 330 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105560 - CFD LLD Admin Fees - Parks 1,708 1,708 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105564 - Sinking Fund Expenses - 500 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 105585 - Miscellaneous 44 15 80201 - Landscape and Lighting Districts 2012 - North Central Roseville LLD Zone F Diamond Oaks 106801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145312 - Contract Services - Landscapes 3,816 3,930 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145423 - Repairs And Maintenance - Landscape 266 1,065 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145434 - Repairs and Maintenance - Tree Work - 671 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145453 - Utility Charges - City Bills 2,800 3,675 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145550 - CFD LLD Admin Fees - Other 123 128 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145552 - CFD LLD Admin Fees - City 198 206 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145558 - CFD LLD Admin Fees - County 355 367 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145560 - CFD LLD Admin Fees - Parks 1,606 1,606 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145564 - Sinking Fund Expenses 4,228 8,000 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 145585 - Miscellaneous 35 6 Appendix B-5: p. 8
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80201 - Landscape and Lighting Districts 2013 - North Central Roseville LLD Zone G Diamond Oaks 146801 - Transfers Out - Operating - - 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5312 - Contract Services - Landscapes 1,344 1,385 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5423 - Repairs And Maintenance - Landscape - 2,120 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5434 - Repairs and Maintenance - Tree Work - 421 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5453 - Utility Charges - City Bills 2,015 2,200 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5550 - CFD LLD Admin Fees - Other 684 2,073 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5552 - CFD LLD Admin Fees - City 301 226 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5558 - CFD LLD Admin Fees - County 77 78 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5560 - CFD LLD Admin Fees - Parks 1,150 1,150 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5564 - Sinking Fund Expenses 2,160 1,500 80201 - Landscape and Lighting Districts 2014 - Infill LLD Zone A 5585 - Miscellaneous 309 179 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5312 - Contract Services - Landscapes 1,956 2,015 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5423 - Repairs And Maintenance - Landscape 1,531 3,000 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5434 - Repairs and Maintenance - Tree Work - 608 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5453 - Utility Charges - City Bills 1,257 1,575 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5550 - CFD LLD Admin Fees - Other 1,493 19 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5552 - CFD LLD Admin Fees - City 3 3 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5558 - CFD LLD Admin Fees - County 19 86 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5560 - CFD LLD Admin Fees - Parks 1,213 1,213 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5564 - Sinking Fund Expenses 3,035 4,000 80201 - Landscape and Lighting Districts 2015 - Infill LLD Zone B 5585 - Miscellaneous 291 2 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5312 - Contract Services - Landscapes 3,876 3,993 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5423 - Repairs And Maintenance - Landscape - 2,000 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5434 - Repairs and Maintenance - Tree Work - 1,170 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5453 - Utility Charges - City Bills 2,733 3,000 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5550 - CFD LLD Admin Fees - Other 1,862 2,109 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5552 - CFD LLD Admin Fees - City 306 230 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5558 - CFD LLD Admin Fees - County 132 132 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5560 - CFD LLD Admin Fees - Parks 1,954 1,954 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5564 - Sinking Fund Expenses 1,782 500 80201 - Landscape and Lighting Districts 2017 - Infill LLD Zone C 5585 - Miscellaneous 309 180 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5312 - Contract Services - Landscapes 4,872 5,018 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5423 - Repairs And Maintenance - Landscape 10,428 8,400 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5425 - Repairs And Maintenance - Lighting 63,821 5,000 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5427 - Repairs And Maintenance - Streetscape And Signage - 1,250 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5434 - Repairs and Maintenance - Tree Work 4,773 4,500 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5453 - Utility Charges - City Bills 9,732 10,300 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5550 - CFD LLD Admin Fees - Other 3,581 3,725 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5552 - CFD LLD Admin Fees - City 796 812 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5558 - CFD LLD Admin Fees - County 281 423 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5560 - CFD LLD Admin Fees - Parks 2,434 2,434 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5564 - Sinking Fund Expenses - 7,250 80201 - Landscape and Lighting Districts 2019 - Vernon Street LLD 5585 - Miscellaneous 885 366 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5312 - Contract Services - Landscapes 12,672 13,053 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5423 - Repairs And Maintenance - Landscape 8,031 7,210 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5425 - Repairs And Maintenance - Lighting 864 2,000 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5427 - Repairs And Maintenance - Streetscape And Signage - 1,000 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5434 - Repairs and Maintenance - Tree Work 3,817 1,981 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5453 - Utility Charges - City Bills 10,878 11,550 Appendix B-5: p. 9
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5550 - CFD LLD Admin Fees - Other 3,580 3,723 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5552 - CFD LLD Admin Fees - City 892 848 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5558 - CFD LLD Admin Fees - County 382 437 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5560 - CFD LLD Admin Fees - Parks 2,200 2,200 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5564 - Sinking Fund Expenses 2,882 17,500 80201 - Landscape and Lighting Districts 2021 - Historic District LLD 5585 - Miscellaneous 986 361 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5312 - Contract Services - Landscapes 7,416 7,638 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5423 - Repairs And Maintenance - Landscape 5,747 9,000 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5425 - Repairs And Maintenance - Lighting 3,848 1,000 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5427 - Repairs And Maintenance - Streetscape And Signage - 2,500 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5434 - Repairs and Maintenance - Tree Work 2,352 1,466 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5453 - Utility Charges - City Bills 9,058 9,540 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5550 - CFD LLD Admin Fees - Other 3,583 3,727 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5552 - CFD LLD Admin Fees - City 881 899 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5558 - CFD LLD Admin Fees - County 449 384 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5560 - CFD LLD Admin Fees - Parks 1,738 1,738 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5564 - Sinking Fund Expenses 23,171 8,400 80201 - Landscape and Lighting Districts 2023 - Riverside Avenue LLD 5585 - Miscellaneous 948 369 80201 - Landscape and Lighting Districts 2025 - NWSP LLD 6545 - Capital Outlay - Improvements 152,420 - 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5312 - Contract Services - Landscapes 16,670 17,170 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5423 - Repairs And Maintenance - Landscape 3,532 5,339 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5434 - Repairs and Maintenance - Tree Work - 4,898 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5453 - Utility Charges - City Bills 10,564 11,290 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5455 - Utility Charges - Other - - 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5550 - CFD LLD Admin Fees - Other 854 888 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5552 - CFD LLD Admin Fees - City 1,204 1,130 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5558 - CFD LLD Admin Fees - County 1,051 1,093 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5560 - CFD LLD Admin Fees - Parks 5,839 5,839 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5562 - CFD LLD Admin Fees - Open Space 2,031 2,031 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5564 - Sinking Fund Expenses - 30,000 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 5585 - Miscellaneous - 120 80251 - Services Districts 2101 - North Roseville CFD 2 SD Zone A 6801 - Transfers Out - Operating - - 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5312 - Contract Services - Landscapes 30,231 31,138 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5423 - Repairs And Maintenance - Landscape 6,776 9,932 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5434 - Repairs and Maintenance - Tree Work 2,718 8,861 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5453 - Utility Charges - City Bills 20,661 21,992 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5550 - CFD LLD Admin Fees - Other 1,622 1,688 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5552 - CFD LLD Admin Fees - City 2,295 2,147 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5558 - CFD LLD Admin Fees - County 1,167 1,805 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5560 - CFD LLD Admin Fees - Parks 5,393 5,393 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5562 - CFD LLD Admin Fees - Open Space 1,876 1,876 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5564 - Sinking Fund Expenses - 12,000 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 5585 - Miscellaneous - 110 80251 - Services Districts 2102 - North Roseville CFD 2 SD Zone B 6801 - Transfers Out - Operating - - 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5312 - Contract Services - Landscapes 62,803 64,687 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5423 - Repairs And Maintenance - Landscape 15,635 44,379 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5434 - Repairs and Maintenance - Tree Work 14,211 8,022 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5453 - Utility Charges - City Bills 40,220 45,865 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5550 - CFD LLD Admin Fees - Other 4,410 4,588 Appendix B-5: p. 10
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5552 - CFD LLD Admin Fees - City 6,244 5,838 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5558 - CFD LLD Admin Fees - County 2,377 3,026 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5560 - CFD LLD Admin Fees - Parks 13,536 13,536 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5562 - CFD LLD Admin Fees - Open Space 4,709 4,709 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5564 - Sinking Fund Expenses - 28,800 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 5585 - Miscellaneous - 275 80251 - Services Districts 2103 - North Roseville CFD 2 SD Zone C 6801 - Transfers Out - Operating - - 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5312 - Contract Services - Landscapes 203,424 209,527 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5423 - Repairs And Maintenance - Landscape 29,230 35,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5434 - Repairs and Maintenance - Tree Work 48,679 36,783 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5453 - Utility Charges - City Bills 60,111 65,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5455 - Utility Charges - Other 82,496 95,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5510 - Automotive - vehicle usage - 2,440 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5512 - Automotive - replacement - 3,269 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5516 - Automotive - vehicle shortage 20,475 - 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5550 - CFD LLD Admin Fees - Other 7,627 7,933 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5552 - CFD LLD Admin Fees - City 13,921 15,083 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5558 - CFD LLD Admin Fees - County 7,541 10,361 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5560 - CFD LLD Admin Fees - Parks 51,596 62,962 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5562 - CFD LLD Admin Fees - Open Space 11,000 11,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5564 - Sinking Fund Expenses - 90,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 5911 - Reimbursed Cost - Charged 1,419 1,000 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 6550 - Capital Outlay - Equipment - - 80251 - Services Districts 2104 - Stoneridge CFD 1 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5312 - Contract Services - Landscapes 9,192 9,468 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5423 - Repairs And Maintenance - Landscape 2,324 2,500 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5434 - Repairs and Maintenance - Tree Work - 2,000 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5453 - Utility Charges - City Bills 11,358 15,750 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5550 - CFD LLD Admin Fees - Other 2,346 2,441 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5552 - CFD LLD Admin Fees - City 726 1,114 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5558 - CFD LLD Admin Fees - County 557 624 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 2,422 2,972 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5564 - Sinking Fund Expenses - 5,000 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 5585 - Miscellaneous - 100 80251 - Services Districts 2105 - Stoneridge Parcel 1 CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5312 - Contract Services - Landscapes 156,828 161,533 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5423 - Repairs And Maintenance - Landscape 35,666 48,000 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 58,694 27,768 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5453 - Utility Charges - City Bills 82,949 96,600 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5550 - CFD LLD Admin Fees - Other 6,162 6,409 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5552 - CFD LLD Admin Fees - City 8,965 8,655 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5558 - CFD LLD Admin Fees - County 4,327 6,019 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 25,833 29,360 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 7,800 7,800 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5564 - Sinking Fund Expenses 81,521 296,500 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2106 - Woodcreek West CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5312 - Contract Services - Landscapes 87,228 89,845 Appendix B-5: p. 11
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5314 - Contract Services - Parks 45,000 46,350 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5423 - Repairs And Maintenance - Landscape 30,285 50,000 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 54,138 35,521 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5453 - Utility Charges - City Bills 110,387 126,000 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5550 - CFD LLD Admin Fees - Other 6,407 6,664 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5552 - CFD LLD Admin Fees - City 11,710 11,613 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5558 - CFD LLD Admin Fees - County 5,806 10,256 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 45,688 51,031 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 13,300 13,300 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5564 - Sinking Fund Expenses - 563,250 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 5911 - Reimbursed Cost - Charged 55,778 57,581 80251 - Services Districts 2107 - Highland Reserve North CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5312 - Contract Services - Landscapes 57,720 59,452 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5314 - Contract Services - Parks 22,164 22,829 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5423 - Repairs And Maintenance - Landscape 28,791 35,000 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 14,195 8,268 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5453 - Utility Charges - City Bills 41,920 47,250 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5550 - CFD LLD Admin Fees - Other 6,080 8,079 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5552 - CFD LLD Admin Fees - City 5,897 8,079 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5558 - CFD LLD Admin Fees - County 4,039 5,621 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 26,384 26,695 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 2,600 2,600 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5564 - Sinking Fund Expenses - 36,800 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 5911 - Reimbursed Cost - Charged 24,666 24,252 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 6550 - Capital Outlay - Equipment - - 80251 - Services Districts 2108 - Crocker Ranch CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5312 - Contract Services - Landscapes 46,608 48,006 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5314 - Contract Services - Parks 12,480 12,854 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5421 - Repairs And Maintenance - System 350 - 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5423 - Repairs And Maintenance - Landscape 6,623 10,000 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 8,858 6,442 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5453 - Utility Charges - City Bills 25,439 28,000 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5550 - CFD LLD Admin Fees - Other 3,355 3,490 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5552 - CFD LLD Admin Fees - City 3,594 4,558 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5558 - CFD LLD Admin Fees - County 2,279 3,336 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 9,998 12,369 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 7,000 7,000 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5564 - Sinking Fund Expenses - 33,000 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 5911 - Reimbursed Cost - Charged 19,814 20,458 80251 - Services Districts 2109 - Woodcreek East CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5312 - Contract Services - Landscapes 2,640 2,720 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5314 - Contract Services - Parks 8,544 8,801 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5423 - Repairs And Maintenance - Landscape 725 4,000 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5434 - Repairs and Maintenance - Tree Work - 2,340 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5453 - Utility Charges - City Bills 3,122 3,500 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5550 - CFD LLD Admin Fees - Other 3,118 3,243 Appendix B-5: p. 12
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5552 - CFD LLD Admin Fees - City 1,756 2,068 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5558 - CFD LLD Admin Fees - County 1,034 1,560 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 5,381 6,770 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 2,450 2,450 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5564 - Sinking Fund Expenses - 3,500 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5585 - Miscellaneous - 1,000 80251 - Services Districts 2110 - Stone Point CFD 2 SD 5911 - Reimbursed Cost - Charged 19,814 20,458 80251 - Services Districts 2110 - Stone Point CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5312 - Contract Services - Landscapes 403,635 431,945 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5314 - Contract Services - Parks 141,378 191,162 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5421 - Repairs And Maintenance - System - - 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5423 - Repairs And Maintenance - Landscape 92,986 124,000 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5425 - Repairs And Maintenance - Lighting 2,186 - 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5434 - Repairs and Maintenance - Tree Work 88,065 20,400 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5453 - Utility Charges - City Bills 190,781 200,000 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5510 - Automotive - vehicle usage - 3,437 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5512 - Automotive - replacement - 4,762 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5516 - Automotive - vehicle shortage 20,475 13,577 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5550 - CFD LLD Admin Fees - Other 8,591 8,935 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5552 - CFD LLD Admin Fees - City 21,646 35,875 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5558 - CFD LLD Admin Fees - County 17,937 25,700 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5560 - CFD LLD Admin Fees - Parks 73,728 91,608 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5562 - CFD LLD Admin Fees - Open Space 2,600 2,600 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5564 - Sinking Fund Expenses 47,955 94,000 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5585 - Miscellaneous - 1,000 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services5911 - Reimbursed Cost - Charged 205,850 312,132 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services6550 - Capital Outlay - Equipment - - 80251 - Services Districts 2111 - Fiddyment Ranch CFD 2 SD Public Services6801 - Transfers Out - Operating - - 80251 - Services Districts 2112 - Municipal Services District CFD 3 SD 5550 - CFD LLD Admin Fees - Other 14,146 17,212 80251 - Services Districts 2112 - Municipal Services District CFD 3 SD 5552 - CFD LLD Admin Fees - City 99,049 115,650 80251 - Services Districts 2112 - Municipal Services District CFD 3 SD 5558 - CFD LLD Admin Fees - County 57,822 64,466 80251 - Services Districts 2112 - Municipal Services District CFD 3 SD 5585 - Miscellaneous 24 - 80251 - Services Districts 2112 - Municipal Services District CFD 3 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5201 - Fuel 18 - 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5312 - Contract Services - Landscapes 361,260 372,098 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5314 - Contract Services - Parks 147,012 169,998 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5421 - Repairs And Maintenance - System - - 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5423 - Repairs And Maintenance - Landscape 160,084 120,000 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5434 - Repairs and Maintenance - Tree Work 57,310 24,740 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5453 - Utility Charges - City Bills 169,151 178,000 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5510 - Automotive - vehicle usage 2,004 997 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5512 - Automotive - replacement 1,727 1,493 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5516 - Automotive - vehicle shortage 20,475 13,577 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5550 - CFD LLD Admin Fees - Other 8,918 9,275 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5552 - CFD LLD Admin Fees - City 27,133 34,894 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5558 - CFD LLD Admin Fees - County 17,447 23,471 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5560 - CFD LLD Admin Fees - Parks 72,909 94,143 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5562 - CFD LLD Admin Fees - Open Space 3,800 3,800 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5564 - Sinking Fund Expenses 32,247 121,000 Appendix B-5: p. 13
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5585 - Miscellaneous - 1,000 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 5911 - Reimbursed Cost - Charged 161,202 212,278 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 6550 - Capital Outlay - Equipment - - 80251 - Services Districts 2113 - Westpark CFD 2 SD Public Services 6801 - Transfers Out - Operating - - 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5312 - Contract Services - Landscapes 25,716 26,487 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5314 - Contract Services - Parks 16,776 17,279 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5421 - Repairs And Maintenance - System - - 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5423 - Repairs And Maintenance - Landscape 4,975 9,000 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 10,023 6,500 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5453 - Utility Charges - City Bills 16,616 17,500 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5550 - CFD LLD Admin Fees - Other 3,391 3,527 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5552 - CFD LLD Admin Fees - City 2,428 3,202 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5558 - CFD LLD Admin Fees - County 1,601 2,249 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 9,763 9,763 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 1,000 1,000 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5564 - Sinking Fund Expenses 3,402 46,190 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5585 - Miscellaneous - - 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 5911 - Reimbursed Cost - Charged 19,814 20,458 80251 - Services Districts 2114 - Longmeadow CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5312 - Contract Services - Landscapes 18,192 18,737 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5423 - Repairs And Maintenance - Landscape 1,036 10,100 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5434 - Repairs and Maintenance - Tree Work 6,384 6,000 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5453 - Utility Charges - City Bills 10,746 15,225 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5550 - CFD LLD Admin Fees - Other 4,493 4,949 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5552 - CFD LLD Admin Fees - City 2,468 2,552 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5558 - CFD LLD Admin Fees - County 1,204 1,762 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5560 - CFD LLD Admin Fees - Parks 5,674 8,086 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5562 - CFD LLD Admin Fees - Open Space 3,000 3,000 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5564 - Sinking Fund Expenses - 5,085 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 5585 - Miscellaneous - - 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 6550 - Capital Outlay - Equipment - - 80251 - Services Districts 2115 - Infill Services District CFD 4 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2116 - Infill Services District CFD 4 Annex 4 SD5423 - Repairs And Maintenance - Landscape 213 - 80251 - Services Districts 2116 - Infill Services District CFD 4 Annex 4 SD5550 - CFD LLD Admin Fees - Other 2,673 2,504 80251 - Services Districts 2116 - Infill Services District CFD 4 Annex 4 SD5552 - CFD LLD Admin Fees - City 1,249 1,291 80251 - Services Districts 2116 - Infill Services District CFD 4 Annex 4 SD5558 - CFD LLD Admin Fees - County 716 1,040 80251 - Services Districts 2116 - Infill Services District CFD 4 Annex 4 SD5562 - CFD LLD Admin Fees - Open Space 7,800 7,800 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5312 - Contract Services - Landscapes 6,684 6,885 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5314 - Contract Services - Parks 11,496 11,841 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5423 - Repairs And Maintenance - Landscape 2,030 5,000 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5434 - Repairs and Maintenance - Tree Work - 4,800 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5453 - Utility Charges - City Bills 6,144 7,000 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5550 - CFD LLD Admin Fees - Other 3,116 3,241 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5552 - CFD LLD Admin Fees - City 1,464 1,785 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5558 - CFD LLD Admin Fees - County 892 1,315 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5560 - CFD LLD Admin Fees - Parks 2,000 2,000 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5562 - CFD LLD Admin Fees - Open Space 250 250 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5564 - Sinking Fund Expenses - 1,500 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5585 - Miscellaneous - 1,000 Appendix B-5: p. 14
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2117 - Stone Point CFD 4 SD 5911 - Reimbursed Cost - Charged 19,814 20,458 80251 - Services Districts 2117 - Stone Point CFD 4 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5312 - Contract Services - Landscapes 8,435 8,688 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5423 - Repairs And Maintenance - Landscape 588 1,322 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5434 - Repairs and Maintenance - Tree Work - 1,120 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5453 - Utility Charges - City Bills 4,711 259 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5550 - CFD LLD Admin Fees - Other 379 394 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5552 - CFD LLD Admin Fees - City 535 501 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5558 - CFD LLD Admin Fees - County 212 221 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5560 - CFD LLD Admin Fees - Parks 382 382 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5562 - CFD LLD Admin Fees - Open Space 133 133 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5564 - Sinking Fund Expenses 7,554 500 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 5585 - Miscellaneous - 10 80251 - Services Districts 2118 - North Roseville CFD 2 SD Zone E 6801 - Transfers Out - Operating - - 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5312 - Contract Services - Landscapes 163,183 178,541 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5314 - Contract Services - Parks 23,472 86,096 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5423 - Repairs And Maintenance - Landscape 19,894 62,000 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5425 - Repairs And Maintenance - Lighting 330 - 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5434 - Repairs and Maintenance - Tree Work 3,761 5,600 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5453 - Utility Charges - City Bills 31,632 45,000 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5510 - Automotive - vehicle usage - 2,440 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5512 - Automotive - replacement - 3,269 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5516 - Automotive - vehicle shortage 20,475 - 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5550 - CFD LLD Admin Fees - Other 7,321 7,615 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5552 - CFD LLD Admin Fees - City 5,466 10,080 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5558 - CFD LLD Admin Fees - County 5,036 8,938 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 11,429 17,537 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5564 - Sinking Fund Expenses 56,876 3,000 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5585 - Miscellaneous - 650 80251 - Services Districts 2119 - Westbrook Services District CFD 2 SD 5911 - Reimbursed Cost - Charged 17,207 39,254 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5312 - Contract Services - Landscapes 26,322 50,000 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5314 - Contract Services - Parks - 35,604 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5423 - Repairs And Maintenance - Landscape 5,613 16,000 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5425 - Repairs And Maintenance - Lighting - 1,000 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5434 - Repairs and Maintenance - Tree Work - 3,000 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5453 - Utility Charges - City Bills 804 - 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5550 - CFD LLD Admin Fees - Other 6,196 6,444 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5552 - CFD LLD Admin Fees - City 49 1,558 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5558 - CFD LLD Admin Fees - County 779 2,354 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 3,453 5,209 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5585 - Miscellaneous - 500 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 5911 - Reimbursed Cost - Charged - 4,876 80251 - Services Districts 2120 - HP Campus Oaks CFD 2 SD 6801 - Transfers Out - Operating - - 80251 - Services Districts 2121 - Creekview CFD 2 SD 5312 - Contract Services - Landscapes 25,137 44,385 80251 - Services Districts 2121 - Creekview CFD 2 SD 5423 - Repairs And Maintenance - Landscape - 10,000 80251 - Services Districts 2121 - Creekview CFD 2 SD 5434 - Repairs and Maintenance - Tree Work - 3,000 80251 - Services Districts 2121 - Creekview CFD 2 SD 5453 - Utility Charges - City Bills 1,774 9,000 80251 - Services Districts 2121 - Creekview CFD 2 SD 5550 - CFD LLD Admin Fees - Other 3,398 3,535 80251 - Services Districts 2121 - Creekview CFD 2 SD 5552 - CFD LLD Admin Fees - City 2,500 3,683 Appendix B-5: p. 15
CITY OF ROSEVILLE
Department Requested Budget Item Detail
Center Fund Account FY2021-22 Actual
Final
FY2022-23 Working
Budget
Cost Center: *Error: Dimension in the specified grid does not reference the User or Grid POV* 80251 - Services Districts 2121 - Creekview CFD 2 SD 5558 - CFD LLD Admin Fees - County 1,841 1,800 80251 - Services Districts 2121 - Creekview CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 5,000 5,000 80251 - Services Districts 2121 - Creekview CFD 2 SD 5585 - Miscellaneous - 500 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5312 - Contract Services - Landscapes 148,191 163,424 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5314 - Contract Services - Parks - 29,915 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5423 - Repairs And Maintenance - Landscape 11,265 38,000 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5425 - Repairs And Maintenance - Lighting - 1,000 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5427 - Repairs And Maintenance - Streetscape And Signage 14,235 - 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5434 - Repairs and Maintenance - Tree Work - 3,000 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5453 - Utility Charges - City Bills 26,158 60,000 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5550 - CFD LLD Admin Fees - Other 6,051 6,294 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5552 - CFD LLD Admin Fees - City 3,310 6,677 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5558 - CFD LLD Admin Fees - County 3,338 5,702 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5560 - CFD LLD Admin Fees - Parks 6,736 8,646 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5562 - CFD LLD Admin Fees - Open Space 500 500 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 5585 - Miscellaneous 144 250 80251 - Services Districts 2122 - Sierra Vista Services District CFD 2 SD 6801 - Transfers Out - Operating - - Report Name: Core Budget Report All - Excel