Agenda packet — Roseville City Council, June 21, 2023 (part 7 of 9)

7. Except as set forth in the Preliminary Official Statement, no action, suit, proceeding, inquiry or investigation at law or in equity, before or by any court, regulatory agency, public board or body is pending against Sierra Vista (with proper service of process or proper notice to Sierra Vista having been accomplished) or, to the Actual Knowledge of the Undersigned, is pending against any current Affiliate of Sierra Vista (with proper service of process to such Affiliate having been accomplished) or to the Actual Knowledge of the Undersigned is overtly threatened in writing against Sierra Vista or any such Affiliate which, if successful, is reasonably likely to materially and adversely affect Sierra Vista’s ability to complete the development of the Property as described in the Preliminary Official Statement or to pay the Special Tax on the Property (to the extent the responsibility of Sierra Vista) prior to delinquency.

8. As of the date thereof, to the Actual Knowledge of the Undersigned, the Preliminary Official Statement, solely with respect to information contained therein with respect to Sierra Vista, its Affiliates, ownership of the Property, Sierra Vista’s development plan, Sierra Vista’s financing plan, Sierra Vista’s lenders, if any, and contractual arrangements of Sierra Vista or any Affiliate of Sierra Vista (including, if material to Sierra Vista’s development plan or Sierra Vista’s financing plan, other loans of such Affiliates) as set forth under the captions “THE DISTRICT”, “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT—Information Regarding the Master Developer,” “DEVELOPMENT WITHIN THE DISTRICT,” “THE IMPROVEMENTS”, “SPECIAL RISK

“Person” means an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a trust, any unincorporated organization or a government or political subdivision thereof. For purposes hereof, the term “control” (including the terms “controlling,” “controlled by” or “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

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FACTORS—Property Values and Property Development—Endangered and Threatened Species” and “CONTINUING DISCLOSURE—The Master Developer and Lennar Homes” (but only as such information relates to Sierra Vista and its development within the District) (excluding therefrom, in each case, information which is identified as having been provided by a source other than Sierra Vista), is true and correct in all material respects and did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

9. Sierra Vista covenants that, while the Bonds or any refunding obligations related thereto are outstanding, Sierra Vista and its Affiliates which it controls will not bring any action, suit, proceeding, inquiry or investigation, at law or in equity, before any court, regulatory agency, public board or body that in any way seeks to challenge or overturn the formation of the District, to challenge the adoption of the ordinance of the City levying Special Taxes within the District, to invalidate the District or any of the Bonds or any refunding bonds related thereto, or to invalidate the special tax liens imposed under Section 3115.5 of the Streets and Highways Code based on recordation of the amended notice of special tax lien relating thereto. The foregoing covenant shall not prevent Sierra Vista or any Affiliate in any way from bringing any other action, suit or proceeding including, without limitation, (a) an action or suit contending that the Special Tax has not been levied in accordance with the methodologies contained in the District’s Rate and Method of Apportionment of Special Taxes pursuant to which the Special Taxes are levied, (b) an action or suit with respect to the application or use of the Special Taxes levied and collected or (c) an action or suit to enforce the obligations of the City and/or the District under the Formation Documents, the District Documents, or any other agreements among Sierra Vista, the City, and/or the District or to which Sierra Vista is a beneficiary.

10. Except as disclosed in the Preliminary Official Statement or as a matter of public record (including, without limitation, liens for ad valorem tax obligations and liens for District), to the Actual Knowledge of the Undersigned, no public debt secured by a tax or assessment on the Property exists or is in the process of being authorized and Sierra Vista has not taken any action to form any assessment districts or community facilities districts that would include any portion of the Property.

11. Sierra Vista has been developing or has been involved in the development of numerous projects over an extended period of time. It is likely that Sierra Vista has been delinquent at one time or another in the payment of ad valorem property taxes, special assessments or special taxes. However, except as disclosed in the Preliminary Official Statement, to the Actual Knowledge of the Undersigned, Sierra Vista is not currently in default in, or, in the last five years, has ever defaulted to any material extent in, the payment of special taxes or assessments in connection with the District or any other community facilities districts or assessment districts in California that (a) would have caused a draw on a reserve fund relating to such assessment district or community facilities district financing or (b) was not cured prior to the institution of any enforcement action with a court of law.

12. Sierra Vista consents to the issuance of the Bonds. Sierra Vista acknowledges that the City intends to use the net proceeds of the Bonds in the manner described in the Preliminary Official Statement.

13. Sierra Vista intends to comply with the provision of the Mello-Roos Community Facilities District Act of 1982, as amended relating to the Notice of Special Tax described in Government Code Section 53341.5 in connection with the sale of the Property, or portions thereof.

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14. To the Actual Knowledge of the Undersigned, Sierra Vista is able to pay its bills as they become due and no legal proceedings are pending against Sierra Vista (with proper service of process to Sierra Vista having been accomplished) or, to the Actual Knowledge of the Undersigned, threatened in writing in which Sierra Vista may be adjudicated as bankrupt or discharged from any and all of its debts or obligations, or granted an extension of time to pay its debts or obligations, or be allowed to reorganize or readjust its debts, or be subject to control or supervision of the Federal Deposit Insurance Corporation.

15. Based upon its current development plans, including, without limitation, its current budget, and subject to economic conditions and risks generally inherent in the development of real property, many of which are beyond the control of Sierra Vista, and except as disclosed in the Preliminary Official Statement including in the sections entitled “THE DISTRICT,” “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT” and “DEVELOPMENT WITHIN THE DISTRICT,” Sierra Vista currently expects that it will have sufficient funds and/or sources of funds to complete the development of the Property as described in the Preliminary Official Statement and to pay Special Taxes levied against the Property (to the extent the responsibility of Sierra Vista) prior to delinquency and does not anticipate that the City or the District will be required to resort to a draw on the Reserve Fund for payment of principal of or interest on the Bonds due to Sierra Vista’s nonpayment of Special Taxes. Sierra Vista reserves the right to change its development plan and financing plan for the Property at any time without notice.

16. Solely as to the limited information described in Paragraph 8 above concerning Sierra Vista its Affiliates, ownership of the Property, Sierra Vista’s development plan, Sierra Vista’s financing plan, Sierra Vista’s lenders, if any, and contractual arrangements of Sierra Vista or any Affiliates (including, if material to Sierra Vista’s development plan or Sierra Vista’s financing plan, other loans of such Affiliates) as set forth in the Preliminary Official Statement and information in the Preliminary Official Statement relating to Sierra Vista under the caption “CONTINUING DISCLOSURE—The Master Developer and Lennar Homes” (excluding therefrom information which is identified as having been provided by a source other than Sierra Vista), Sierra Vista agrees to indemnify and hold harmless, to the extent permitted by law, the City, the District, and their officials and employees, and each Person, if any (each, an “Indemnified Party” and together, the “Indemnified Parties”), who controls any of the foregoing within the meaning of Section 15 of the Securities Act of 1933, as amended, or of Section 20 of the Securities Exchange Act of 1934, as amended, against any and all losses, claims, damages or liabilities, joint or several, to which such indemnified party may become subject under any statute or at law or in equity or otherwise and shall reimburse any such indemnified party for any reasonable legal or other expense reasonably incurred by it in connection with investigating any such claim against it and defending any such action, only to the extent that such losses, claims, damages, liabilities or actions arise from any untrue statement by Sierra Vista of a material fact contained in the above referenced information in the Preliminary Official Statement, as of its date, or the omission by Sierra Vista to state in the Preliminary Official Statement, as of its date, a material fact necessary to make the statements made by Sierra Vista contained therein, in light of the circumstances under which they were made not misleading. This indemnity provision shall not be construed as a limitation on any other liability which Sierra Vista may otherwise have to any indemnified party, provided that in no event shall Sierra Vista be obligated for double indemnification, or for the negligence or willful misconduct of an indemnified party.

If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any Indemnified Party in respect of which indemnification may be sought pursuant to the above paragraph, such Indemnified Party shall promptly D-5
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notify Sierra Vista in writing; provided that the failure to notify Sierra Vista shall not relieve it from any liability that it may have hereunder except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify Sierra Vista shall not relieve it from any liability that it may have to an Indemnified Party otherwise than under the above paragraph. If any such proceeding shall be brought or asserted against an Indemnified Party and it shall have notified Sierra Vista thereof, Sierra Vista shall retain counsel reasonably satisfactory to the Indemnified Party (who shall not, without the consent of the Indemnified Party, be counsel to Sierra Vista) to represent the Indemnified Party in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) Sierra Vista and the Indemnified Party shall have mutually agreed to the contrary; (ii) Sierra Vista has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Party; (iii) the Indemnified Party shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to Sierra Vista; or (iv) the named parties in any such proceeding (including any impleaded parties) include both Sierra Vista and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interest between them. It is understood and agreed that Sierra Vista shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Parties, and that all such fees and expenses, to the extent reasonable, shall be paid or reimbursed as they are incurred. Any such separate firm shall be designated in writing by such Indemnified Parties. Sierra Vista shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Sierra Vista agrees to indemnify each Indemnified Party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested that Sierra Vista reimburse the Indemnified Party for fees and expenses of counsel as contemplated by this paragraph, Sierra Vista shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 60 days after receipt by Sierra Vista of such request and (ii) Sierra Vista shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement (provided that the foregoing shall not be applicable to any failure to reimburse if Sierra Vista is disputing such payment in good faith and shall have paid any amounts not in dispute).

Sierra Vista shall not, without the written consent of the Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnification could have been sought hereunder by such Indemnified Party, unless such settlement (x) includes an unconditional release of such Indemnified Party, in form and substance reasonably satisfactory to such Indemnified Party, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Party.

17. If, between the date hereof and the Closing Date any event relating to or affecting Sierra Vista, its Affiliates, ownership of the Property, Sierra Vista’s development plan, Sierra Vista’s financing plan, Sierra Vista’s lenders, if any, and contractual arrangements of Sierra Vista or any Affiliate of Sierra Vista (including, if material to Sierra Vista’s development plan or Sierra Vista’s financing plan, other loans of such Affiliates) shall occur of which the undersigned has Actual Knowledge and which the undersigned believes would cause the information under the sections of the Preliminary Official Statement indicated in Paragraph 8 hereof, to contain an untrue statement of a material fact or to omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, the undersigned shall notify the City D-6
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and the Underwriter and if in the opinion of counsel to the City or the Underwriter, such event requires the preparation and publication of a supplement or amendment to the Preliminary Official Statement, Sierra Vista shall reasonably cooperate with the City in the preparation of an amendment or supplement to the Preliminary Official Statement in form and substance reasonably satisfactory to counsel to the City and to the Underwriter.

18. For the period through 25 days after the “end of the underwriting period” as defined in the Bond Purchase Agreement, if any event relating to or affecting Sierra Vista, its Affiliates, ownership of the Property, Sierra Vista’s development plan, Sierra Vista’s financing plan, Sierra Vista’s lenders, if any, and contractual arrangements of Sierra Vista or any Affiliates of Sierra Vista (including, if material to Sierra Vista’s development plan or Sierra Vista’s financing plan, other loans of such Affiliates) shall occur as a result of which it is necessary, in the opinion of the Underwriter or counsel to the City, to amend or supplement the Official Statement in order to make the Official Statement not misleading in the light of the circumstances existing at the time it is delivered to a purchaser, Sierra Vista shall reasonably cooperate with the City and the Underwriter in the preparation of an amendment or supplement to the Official Statement in form and substance reasonably satisfactory to the Underwriter and Disclosure Counsel which will amend or supplement the Official Statement so that it will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time the Official Statement is delivered to a purchaser, not misleading.

19. On behalf of Sierra Vista, I have reviewed the contents of this Certificate and have met with counsel to Sierra Vista for the purpose of discussing the meaning of its contents.

Unless otherwise indicated, capitalized terms used herein and not defined have the meaning given to them in the Bond Purchase Agreement. The undersigned has executed this Certificate solely in his or her capacity as an authorized officer or representative of Sierra Vista and he or she will have no personal liability arising from or relating to this Certificate.

Dated: _____, 2023

SIERRA VISTA COMMUNITIES, LLC,
a California limited liability company
BY: LENNAR HOMES OF CALIFORNIA, LLC.,
a California limited liability company,
Manager
By:

Name:

Its:

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EXHIBIT E
FORM OF DEVELOPER’S COUNSEL OPINION
[Closing Date]
City of Roseville
311 Vernon Street,
Roseville, California 95678
Stifel, Nicolaus & Company, Incorporated
One Montgomery Street, 35th Floor
San Francisco, California 94104
Re: $__________ City of Roseville
The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023
Ladies and Gentlemen:

We have acted as counsel to Sierra Vista Communities, LLC, a California limited liability company (the “Developer”) in connection with the issuance and sale by the City of Roseville, on behalf of the City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) (the “District”) of $__________ City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023 (the “Bonds”). This opinion is rendered pursuant to the Bond Purchase Agreement dated _____, 2023 (the “Bond Purchase Agreement”), entered into in connection therewith. Capitalized terms used herein without definition shall have the meanings set forth in the Bond Purchase Agreement.

In rendering the opinions set forth herein, we have reviewed and examined such documents as we have determined to be appropriate, including the following documents:

1. The Bond Purchase Agreement;

2. The Preliminary Official Statement

3. The Official Statement (together, the “Official Statement”);

4. The Continuing Disclosure Certificate of the Developer dated as of _____, 2023, executed by the Developer (the “Developer Disclosure Certificate”); and

5. The Letter of Representations of Sierra Vista Communities, LLC dated _____, 2023, and the Closing Certificate of Sierra Vista Communities, LLC, dated _____, 2023, both as required pursuant to Section 4(d)(11) of the Bond Purchase Agreement (collectively, the “Developer Certificate”).

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For purposes of this opinion, the term “Litigation Search” shall mean a litigation search of Developer, performed in the Superior Court of the State of California, County of Placer; the California Court of Appeal, Third Appellate District; the United States District Court, Eastern District of California; the United States Bankruptcy Court, Eastern District of California; and the United States Ninth Circuit Court of Appeal, conducted by Corporation Service Company (Order Date _____, 2023; Order Number __________ (the “Litigation Search”), but without warranty as to the completeness and accuracy thereof due to the potential for errors or inaccuracies in the data and files made available from the applicable courts.

With respect to factual matters underlying our opinions herein, we have made no independent investigation or inquiry and have relied solely upon the Developer’s Certificate and the Litigation Search. We advise you that the phrase “to our knowledge,” as used herein, means that no facts have come to our attention, based upon an inquiry of attorneys in this firm who devote substantive legal attention to Developer, or as a result of our examination of the Developer’s Certificate and the Litigation Search, that indicate to us anything contrary to the statement to which the phrase relates. Except as expressly set forth above, the phrase does not mean that we have conducted any investigation or inquiry or performed any other examination or review. We have no reason to believe that any factual matters or assumptions relied upon by us are not true, correct and complete.

Our opinions herein are limited to the internal laws of the State of California and the federal laws of the United States of America. We express no opinion whatsoever with respect to the laws of any other jurisdiction and assume no responsibility for the applicability of such laws.

In rendering our opinions herein, we have assumed the following, with your approval:
(i) The genuineness and authenticity of all signatures on original documents submitted to us (other than any signatures on behalf of Developer); the authenticity and completeness of all documents submitted to us as originals; the conformity to originals of all documents submitted to us as copies; where any signature, other than any signature on behalf of Developer purports to have been made in a corporate, governmental, fiduciary or other capacity, the person who affixed such signature had the full power and authority to do so;
(ii) The due authorization, execution and delivery of the applicable agreements by the parties thereto, other than the Developer, and the legality, validity, binding effect and enforceability against such parties of their respective obligations under such agreements; (iii) The truth, accuracy and completeness of all factual representations and warranties of all parties under the documents described in paragraphs 1 through 4, above; (iv) The constitutionality or validity of a relevant statute, rule, regulation or agency action is not in issue unless a reported decision in the State of California has specifically addressed but not resolved, or has established, its unconstitutionality or invalidity; and (v) All official public records relied upon by us are accurate and complete.

Based upon the foregoing and in reliance thereon, and based on our examination of such questions of law as we have deemed appropriate under the circumstances, and subject to any E-3
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further assumptions, comments, exceptions, qualifications and limitations set forth below, as of the date hereof, it is our opinion that:

1. Developer is a limited liability company, duly formed, validly existing and in good standing under the laws of the State of California, and has full power and authority to enter into the Developer Disclosure Certificate.

2. The Developer has duly and validly executed and delivered the Developer Disclosure Certificate, and the Developer Disclosure Certificate constitutes the legal, valid and binding obligation of the Developer, enforceable against Developer in accordance with its terms.

3. To our knowledge, the execution and delivery by Developer of the Developer Disclosure Certificate and the performance of its obligations thereunder do not and will not result in a violation of any provision of, or in default under any agreement or other instrument to which Developer is a party.

4. To our knowledge, Developer is not in violation of any provision of or in default under, its organizational documents or any agreement or other instrument, violation or default under which would materially and adversely affect the business, properties, assets, liabilities or conditions (financial or other) of the Developer with respect to Developer’s ability to develop real property owned by Developer within the District.

5. To our knowledge, except as set forth in the Official Statement, there is no litigation pending against Developer (with service of process to Developer having been duly given and completed) or overtly threatened against Developer which would materially and adversely affect the validity or enforceability of the Developer Disclosure Certificate, Developer’s ability to complete the development of its property as proposed in the Official Statement or to pay the Special Taxes.

6. Without having undertaken to determine independently the accuracy, completeness or fairness of the statements contained in the Preliminary Official Statement or the Official Statement under the caption THE DISTRICT,” “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT—Information Regarding the Master Developer,” “DEVELOPMENT WITHIN THE DISTRICT,” “THE IMPROVEMENTS,” “SPECIAL RISK FACTORS—Property Values and Property Development—Endangered and Threatened Species” and information relating to Sierra Vista under the caption “CONTINUING DISCLOSURE—The Master Developer and Lennar Homes” (except that no opinion or belief need to be expressed as to any information relating to The Depository Trust Company, or any information relating to CUSIP numbers, or with respect to any financial, statistical or engineering information, data or forecasts, numbers, charts, estimates, projections, assumptions or expressions of opinion, assessed valuations or appraised values, or to any information which is attributable to a source other than the Developer, contained in the Preliminary Official Statement or the Official Statement), no facts came to our attention during the course of our representation of the Developer that would lead us to believe that the information under said captions of the Preliminary Official Statement, as of its date, or the Official Statement, as of its date and as of the date hereof, relating to the Developer and the Developer’s organizations, activities, properties and financial condition, and its proposed development of the Property, contained or contains any untrue statement of a material fact or omitted or omits any material fact E-4
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necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

In addition, all of our opinions expressed hereinabove are specifically subject to and limited by the following:
a) We express no opinion as to matters governed by any laws other than the substantive laws of California which are in effect as of the date hereof, and we assume no obligation to modify or supplement this opinion with respect to changes in such laws after the date hereof.
b) As counsel to the Developer in this matter, we have not rendered financial advice to the Developer and do not represent, by this opinion or otherwise, that we have reviewed or made any assessment about, nor do we offer any opinion about, the financial condition of the Developer, past, present or future, including any financial information contained in the Developer Disclosure Certificate; nor have we reviewed the financial feasibility of this transaction or those matters which the proceeds of the Bonds will fund or any of it components and, accordingly, we offer no opinion whatsoever regarding such financial feasibility.
c) The effect of laws or court decisions relating to bankruptcy, insolvency, fraudulent conveyance, equitable subordination, reorganization, arrangement, moratorium or other laws or court decisions relating to or affecting creditors' rights generally. d) Limitations imposed by California or federal law or equitable principles upon the availability of the remedy of specific performance of any of the remedies, covenants or other provisions of any document or agreement and upon the availability of injunctive relief or other equitable remedies.

In addition, we express no opinion as to the title of the property within the District or any entitlements, permits, approvals or other assets relating to the Developer’s development of its property as proposed in the Official Statement.

We express no opinion as to any matter other than as expressly set forth above, and, in conjunction therewith, specifically express no opinion concerning the application of or compliance with any federal securities law, including, but not limited to, the Securities Act of 1933, as amended, and the Trust Indenture Act of 1939, as amended, any state securities or “Blue Sky” law, or any federal, state or local tax law, as respecting the Bonds.

This letter is intended solely for your use in relation to the Bond Purchase Agreement and may not be reproduced or filed publicly or relied upon for any other purpose by you or for any purpose whatsoever by any other party without the express written consent of the undersigned except that this opinion may be copied and distributed as part of a closing book of the bond transaction documents, provided that such distribution shall not expand in any way the permitted uses of this letter.

We assume no responsibility for the effect of any fact or circumstance occurring subsequent to the date of this letter, including, without limitation, legislative or other changes in the law. Further, we assume no responsibility to advise you of any facts or circumstances of which E-5
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we become aware after the date hereof, regardless of whether or not they may affect our opinions herein. This opinion is given as of the date hereof, and we assume no obligation to update our opinions herein after the date hereof.

Very truly yours,
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EXHIBIT F

CITY OF ROSEVILLE
THE RANCH AT SIERRA VISTA COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES)

SPECIAL TAX BONDS
SERIES 2023

LETTER OF REPRESENTATIONS OF LENNAR HOMES OF CALIFORNIA, LLC In connection with the issuance and sale of the above-captioned bonds (the “Bonds”), and pursuant to Section 4(d)(14) of the Bond Purchase Agreement (the “Bond Purchase Agreement”) to be executed by and between City of Roseville, California (the “City”), for and on behalf of the City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) (the “District”), and Stifel, Nicolaus & Company, Incorporated (the “Underwriter”), Lennar Homes of California, LLC, a California limited liability company (“Lennar”), hereby represents, warrants and covenants to the City, the District and the Underwriter as of the date hereof that:

1. Lennar is duly organized and validly existing under the laws of the State of California, is qualified to transact business in the State of California and has all requisite limited liability company right, power and authority to: (i) execute and deliver this Letter of Representations; and (ii) develop the Property (as defined below) as described in the Preliminary Official Statement.

2. As set forth in the Preliminary Official Statement, certain property within the District is held in the name of Lennar (herein, the “Property”). Except as otherwise described in the Preliminary Official Statement, Lennar is the party responsible for the development of the Property.

3. Except as disclosed in the Preliminary Official Statement, to the Actual Knowledge of the Undersigned,1 Lennar and its Affiliates2have not violated any applicable law or administrative

1 As used in this Certificate, the phrase “Actual Knowledge of the Undersigned” shall mean the actual (as opposed to constructive) knowledge that the undersigned currently has as of the date of this Certificate or has obtained from (i) interviews with such current officers and responsible employees of Lennar as the undersigned has determined are likely, in the ordinary course of their respective duties, to have knowledge of the matters set forth in this Certificate, and/or (ii) a review of such documents as the undersigned determined were reasonably necessary to obtain knowledge of the matters set forth in this Certificate. The undersigned has not conducted any extraordinary inspection or inquiry other than such inspections or inquiries as are prudent and customary in connection with the ordinary course of Lennar’s current business and operations. The undersigned has not contacted individuals who are no longer employed by Lennar. Lennar further notes that Lennar Corporation, a Delaware corporation (“Lennar Corporation”) completed a merger with CalAtlantic Group, Inc., a Delaware corporation ("CalAtlantic") in February, 2018, pursuant to which CalAtlantic merged with and into a subsidiary of Lennar Corporation, with the subsidiary of Lennar Corporation being the surviving entity. Separate and apart from Lennar Corporation’s due diligence efforts for purposes of completing the acquisition of CalAtlantic, for purposes of this Certificate, individuals who were employees and officers of CalAtlantic and its subsidiaries prior to the merger have not been consulted or contacted and documents entered into by CalAtlantic and its subsidiaries or related to their properties and projects have not been reviewed. 2 “Affiliate” means, with respect to a Person (i) any other Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under common control with such Person, and (ii) for whom information, including financial information or operating data, concerning such Person referenced in clause (i) is material to an evaluation of the District and the Bonds (i.e., information relevant to the Developer’s development plans with respect to its Property and the payment of its Special Tax, or such Person’s assets or funds that would materially affect Lennar’s ability to develop its Property as described in the Preliminary Official Statement or to pay its Special Tax (to the extent the responsibility of Lennar) prior to delinquency). “Person” means an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a trust, any unincorporated organization or a government or political subdivision thereof. For purposes hereof, the term “control” (including F-2
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regulation of the State of California or the United States of America, or any agency or instrumentality of either, which violation could reasonably be expected to materially and adversely affect Lennar’s ability to pay Special Taxes due with respect to the Property.

4. Except as disclosed in the Preliminary Official Statement, to the Actual Knowledge of the Undersigned, (a) Lennar and its Affiliates are not in breach of or in default under any applicable judgment or decree or any loan agreement, option agreement, development agreement, indenture, bond or note (collectively, the “Material Agreements”) to which Lennar or its Affiliates are a party or otherwise subject, which breach or default could reasonably be expected to materially and adversely affect Lennar’s ability to complete the development of the Property as proposed in the Preliminary Official Statement or to pay the Special Taxes due with respect to the Property (to the extent the responsibility of Lennar) prior to delinquency, and (b) no event has occurred and is continuing that with the passage of time or giving of notice, or both, would constitute such a breach or default.

5. Except as described in the Preliminary Official Statement, there is no material indebtedness of Lennar or its Affiliates that is secured by an interest in the Property. To the Actual Knowledge of the Undersigned, neither Lennar nor any of its Affiliates is in default on any obligation to repay borrowed money, which default is reasonably likely to materially and adversely affect Lennar’s ability to complete the development of the Property as proposed in the Preliminary Official Statement or to pay the Special Taxes due with respect to the Property (to the extent the responsibility of Lennar) prior to delinquency.

6. Except as set forth in the Preliminary Official Statement, no action, suit, proceeding, inquiry or investigation at law or in equity, before or by any court, regulatory agency, public board or body is pending against Lennar (with proper service of process or proper notice to Lennar having been accomplished) or, to the Actual Knowledge of the Undersigned, is pending against any current Affiliate of Lennar (with proper service of process to such Affiliate having been accomplished) or to the Actual Knowledge of the Undersigned is overtly threatened in writing against Lennar or any such Affiliate which, if successful, is reasonably likely to materially and adversely affect Lennar’s ability to complete the development of the Property as described in the Preliminary Official Statement or to pay the Special Tax on the Property (to the extent the responsibility of Lennar) prior to deliquency.

7. As of the date thereof, to the Actual Knowledge of the Undersigned, the Preliminary Official Statement, solely with respect to information contained therein with respect to Lennar, its Affiliates, ownership of the Property, Lennar’s development plan, Lennar’s financing plan, Lennar’s lenders, if any, and contractual arrangements of Lennar or any Affiliate of Lennar (including, if material to Lennar’s development plan or Lennar’s financing plan, other loans of such Affiliates) as set forth under the captions “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT” (excluding information under the caption “—Information Regarding the Master Developer”), “DEVELOPMENT WITHIN THE DISTRICT,” “THE IMPROVEMENTS,” “SPECIAL RISK FACTORS—Property Values and Property Development—Endangered and Threatened Species” (but only as such information relates to Lennar and its development within the District) (excluding therefrom, in each case, information which is identified as having been provided by a source other than Lennar), is true and correct in all material respects and did not contain any untrue statement of a material fact or omit

the terms “controlling,” “controlled by” or “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

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to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

8. Lennar covenants that, while the Bonds or any refunding obligations related thereto are outstanding, Lennar and its Affiliates which it controls will not bring any action, suit, proceeding, inquiry or investigation, at law or in equity, before any court, regulatory agency, public board or body that in any way seeks to challenge or overturn the formation of the District, to challenge the adoption of the ordinance of the City levying Special Taxes within the District, to invalidate the District or any of the Bonds or any refunding bonds related thereto, or to invalidate the special tax liens imposed under Section 3115.5 of the Streets and Highways Code based on recordation of the amended notice of special tax lien relating thereto. The foregoing covenant shall not prevent Lennar or any Affiliate in any way from bringing any other action, suit or proceeding including, without limitation, (a) an action or suit contending that the Special Tax has not been levied in accordance with the methodologies contained in the District’s Rate and Method of Apportionment of Special Taxes pursuant to which the Special Taxes are levied, (b) an action or suit with respect to the application or use of the Special Taxes levied and collected or (c) an action or suit to enforce the obligations of the City and/or the District under the Formation Documents, the District Documents, or any other agreements among Lennar, the City, and/or the District or to which Lennar is a beneficiary.

9. Except as disclosed in the Preliminary Official Statement or as a matter of public record (including, without limitation, liens for ad valorem tax obligations and liens for District), to the Actual Knowledge of the Undersigned, no public debt secured by a tax or assessment on the Property exists or is in the process of being authorized and Lennar has not taken any action to form any assessment districts or community facilities districts that would include any portion of the Property.

10. Lennar has been developing or has been involved in the development of numerous projects over an extended period of time. It is likely that Lennar has been delinquent at one time or another in the payment of ad valorem property taxes, special assessments or special taxes. However, except as disclosed in the Preliminary Official Statement, to the Actual Knowledge of the Undersigned, Lennar is not currently in default in, or, in the last five years, has ever defaulted to any material extent in, the payment of special taxes or assessments in connection with the District or any other community facilities districts or assessment districts in California that (a) would have caused a draw on a reserve fund relating to such assessment district or community facilities district financing or (b) was not cured prior to the institution of any enforcement action with a court of law.

11. Lennar consents to the issuance of the Bonds. Lennar acknowledges that the City intends to use the net proceeds of the Bonds in the manner described in the Preliminary Official Statement.

12. Lennar intends to comply with the provision of the Mello-Roos Community Facilities District Act of 1982, as amended relating to the Notice of Special Tax described in Government Code Section 53341.5 in connection with the sale of the Property, or portions thereof.

13. To the Actual Knowledge of the Undersigned, Lennar is able to pay its bills as they become due and no legal proceedings are pending against Lennar (with proper service of process to Lennar having been accomplished) or, to the Actual Knowledge of the Undersigned, threatened in writing in which Lennar may be adjudicated as bankrupt or discharged from any and all of its debts or obligations, or granted an extension of time to pay its debts or obligations, or be allowed to reorganize F-4
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or readjust its debts, or be subject to control or supervision of the Federal Deposit Insurance Corporation.

14. Based upon its current development plans, including, without limitation, its current budget, and subject to economic conditions and risks generally inherent in the development of real property, many of which are beyond the control of Lennar, and except as disclosed in the Preliminary Official Statement including in the sections entitled “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT” and “DEVELOPMENT WITHIN THE DISTRICT,” Lennar currently expects that it will have sufficient funds and/or sources of funds to complete the development of the Property as described in the Preliminary Official Statement and to pay Special Taxes levied against the Property (to the extent the responsibility of Lennar) prior to delinquency and does not anticipate that the City or the District will be required to resort to a draw on the Reserve Fund for payment of principal of or interest on the Bonds due to Lennar’s nonpayment of Special Taxes. Lennar reserves the right to change its development plan and financing plan for the Property at any time without notice.

15. Solely as to the limited information described in Paragraph 7 above concerning Lennar its Affiliates, ownership of the Property, Lennar’s development plan, Lennar’s financing plan, Lennar’s lenders, if any, and contractual arrangements of Lennar or any Affiliates (including, if material to Lennar’s development plan or Lennar’s financing plan, other loans of such Affiliates) as set forth in the Preliminary Official Statement (excluding therefrom information which is identified as having been provided by a source other than Lennar), Lennar agrees to indemnify and hold harmless, to the extent permitted by law, the City, the District, and their officials and employees, and each Person, if any (each, an “Indemnified Party” and together, the “Indemnified Parties”), who controls any of the foregoing within the meaning of Section 15 of the Securities Act of 1933, as amended, or of Section 20 of the Securities Exchange Act of 1934, as amended, against any and all losses, claims, damages or liabilities, joint or several, to which such indemnified party may become subject under any statute or at law or in equity or otherwise and shall reimburse any such indemnified party for any reasonable legal or other expense reasonably incurred by it in connection with investigating any such claim against it and defending any such action, only to the extent that such losses, claims, damages, liabilities or actions arise from any untrue statement by Lennar of a material fact contained in the above referenced information in the Preliminary Official Statement, as of its date, or the omission by Lennar to state in the Preliminary Official Statement, as of its date, a material fact necessary to make the statements made by Lennar contained therein, in light of the circumstances under which they were made not misleading.

This indemnity provision shall not be construed as a limitation on any other liability which Lennar may otherwise have to any indemnified party, provided that in no event shall Lennar be obligated for double indemnification, or for the negligence or willful misconduct of an indemnified party.

If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any Indemnified Party in respect of which indemnification may be sought pursuant to the above paragraph, such Indemnified Party shall promptly notify Lennar in writing; provided that the failure to notify Lennar shall not relieve it from any liability that it may have hereunder except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify Lennar shall not relieve it from any liability that it may have to an Indemnified Party otherwise than under the above paragraph. If any such proceeding shall be brought or asserted against an Indemnified Party and it shall have notified Lennar thereof, Lennar shall retain counsel reasonably satisfactory to the Indemnified Party (who shall not, without the consent of the Indemnified Party, be counsel to Lennar) to represent the Indemnified Party in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Party shall F-5
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have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) Lennar and the Indemnified Party shall have mutually agreed to the contrary; (ii) Lennar has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Party; (iii) the Indemnified Party shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to Lennar; or (iv) the named parties in any such proceeding (including any impleaded parties) include both Lennar and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interest between them. It is understood and agreed that Lennar shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Parties, and that all such fees and expenses, to the extent reasonable, shall be paid or reimbursed as they are incurred. Any such separate firm shall be designated in writing by such Indemnified Parties. Lennar shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Lennar agrees to indemnify each Indemnified Party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall have requested that Lennar reimburse the Indemnified Party for fees and expenses of counsel as contemplated by this paragraph, Lennar shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 60 days after receipt by Lennar of such request and (ii) Lennar shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement (provided that the foregoing shall not be applicable to any failure to reimburse if Lennar is disputing such payment in good faith and shall have paid any amounts not in dispute). Lennar shall not, without the written consent of the Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnification could have been sought hereunder by such Indemnified Party, unless such settlement (x) includes an unconditional release of such Indemnified Party, in form and substance reasonably satisfactory to such Indemnified Party, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Party.

16. If, between the date hereof and the Closing Date any event relating to or affecting Lennar, its Affiliates, ownership of the Property, Lennar’s development plan, Lennar’s financing plan, Lennar’s lenders, if any, and contractual arrangements of Lennar or any Affiliate of Lennar (including, if material to Lennar’s development plan or Lennar’s financing plan, other loans of such Affiliates) shall occur of which the undersigned has Actual Knowledge and which the undersigned believes would cause the information under the sections of the Preliminary Official Statement indicated in Paragraph 8 hereof, to contain an untrue statement of a material fact or to omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, the undersigned shall notify the City and the Underwriter and if in the opinion of counsel to the City or the Underwriter, such event requires the preparation and publication of a supplement or amendment to the Preliminary Official Statement, Lennar shall reasonably cooperate with the City in the preparation of an amendment or supplement to the Preliminary Official Statement in form and substance reasonably satisfactory to counsel to the City and to the Underwriter.

17. For the period through 25 days after the “end of the underwriting period” as defined in the Bond Purchase Agreement, if any event relating to or affecting Lennar, its Affiliates, ownership of the Property, Lennar’s development plan, Lennar’s financing plan, Lennar’s lenders, if any, and contractual arrangements of Lennar or any Affiliates of Lennar (including, if material to Lennar’s development plan or Lennar’s financing plan, other loans of such Affiliates) shall occur as a result of F-6
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which it is necessary, in the opinion of the Underwriter or counsel to the City, to amend or supplement the Official Statement in order to make the Official Statement not misleading in the light of the circumstances existing at the time it is delivered to a purchaser, Lennar shall reasonably cooperate with the City and the Underwriter in the preparation of an amendment or supplement to the Official Statement in form and substance reasonably satisfactory to the Underwriter and Disclosure Counsel which will amend or supplement the Official Statement so that it will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time the Official Statement is delivered to a purchaser, not misleading.

18. On behalf of Lennar, I have reviewed the contents of this Certificate and have met with counsel to Lennar for the purpose of discussing the meaning of its contents.

Unless otherwise indicated, capitalized terms used herein and not defined have the meaning given to them in the Bond Purchase Agreement. The undersigned has executed this Certificate solely in his or her capacity as an authorized officer or representative of Lennar and he or she will have no personal liability arising from or relating to this Certificate.

Dated: _____, 2023
LENNAR HOMES OF CALIFORNIA, LLC, a
California limited liability company
By:

Name: __________________________________
Title: __________________________________
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EXHIBIT G
FORM OF DEVELOPER’S COUNSEL OPINION
[Closing Date]
City of Roseville
311 Vernon Street,
Roseville, California 95678
Stifel, Nicolaus & Company, Incorporated
One Montgomery Street, 35th Floor
San Francisco, California 94104
Re: $__________ City of Roseville
The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023
Ladies and Gentlemen:

We have acted as counsel to Lennar Homes of California, LLC, a California limited liability company (the “Developer”) in connection with the issuance and sale by the City of Roseville, on behalf of the City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) (the “District”) of $__________ City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Series 2023 (the “Bonds”). This opinion is rendered pursuant to the Bond Purchase Agreement dated _____, 2023 (the “Bond Purchase Agreement”), entered into in connection therewith. Capitalized terms used herein without definition shall have the meanings set forth in the Bond Purchase Agreement.

In rendering the opinions set forth herein, we have reviewed and examined such documents as we have determined to be appropriate, including the following documents:

1. The Bond Purchase Agreement;

2. The Preliminary Official Statement;

3. The final Official Statement; and

4. The Letter of Representations of Lennar Homes of California, LLC dated _____, 2023, and the Closing Certificate of Lennar Homes of California, LLC, dated ______, 2023, both as required pursuant to Section 4(d)(14) of the Bond Purchase Agreement (collectively, the “Developer Certificate”).

For purposes of this opinion, the term “Litigation Search” shall mean a litigation search of Developer, performed in the Superior Court of the State of California, County of Placer; the G-2
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California Court of Appeal, Third Appellate District; the United States District Court, Eastern District of California; the United States Bankruptcy Court, Eastern District of California; and the United States Ninth Circuit Court of Appeal, conducted by Corporation Service Company (Order Date _____, 2023; Order Number __________ (the “Litigation Search”), but without warranty as to the completeness and accuracy thereof due to the potential for errors or inaccuracies in the data and files made available from the applicable courts.

Based upon the foregoing and in reliance thereon, and based on our examination of such questions of law as we have deemed appropriate under the circumstances, and subject to any further assumptions, comments, exceptions, qualifications and limitations set forth below, as of the date hereof, it is our opinion that:

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1. To our knowledge, Developer is not in violation of any provision of or in default under, its organizational documents or any agreement or other instrument, violation or default under which would materially and adversely affect the business, properties, assets, liabilities or conditions (financial or other) of the Developer with respect to Developer’s ability to develop real property owned by Developer within the District.

2. To our knowledge, except as set forth in the Official Statement, there is no litigation pending against Developer (with service of process to Developer having been duly given and completed) or overtly threatened against Developer which would materially and adversely affect the Developer’s ability to complete the development of its property as proposed in the Official Statement or to pay the Special Taxes.

3. Without having undertaken to determine independently the accuracy, completeness or fairness of the statements contained in the Preliminary Official Statement or the Official Statement under the captions “OWNERSHIP OF PROPERTY WITHIN THE DISTRICT” (excluding information under the caption “—Information Regarding the Master Developer”), “DEVELOPMENT WITHIN THE DISTRICT,” “THE IMPROVEMENTS,” and “SPECIAL RISK FACTORS—Property Values and Property Development—Endangered and Threatened Species” (except that no opinion or belief need to be expressed as to any information relating to The Depository Trust Company, or any information relating to CUSIP numbers, or with respect to any financial, statistical or engineering information, data or forecasts, numbers, charts, estimates, projections, assumptions or expressions of opinion, assessed valuations or appraised values, or to any information which is attributable to a source other than the Developer, contained in the Preliminary Official Statement or the Official Statement), no facts came to our attention during the course of our representation of the Developer that would lead us to believe that the information under said captions of the Preliminary Official Statement, as of its date, or the Official Statement, as of its date and as of the date hereof, relating to the Developer and the Developer’s organizations, activities, properties and financial condition, and its proposed development of the Property, contained or contains any untrue statement of a material fact or omitted or omits any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

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c) The effect of laws or court decisions relating to bankruptcy, insolvency, fraudulent conveyance, equitable subordination, reorganization, arrangement, moratorium or other laws or court decisions relating to or affecting creditors' rights generally. d) Limitations imposed by California or federal law or equitable principles upon the availability of the remedy of specific performance of any of the remedies, covenants or other provisions of any document or agreement and upon the availability of injunctive relief or other equitable remedies.

We assume no responsibility for the effect of any fact or circumstance occurring subsequent to the date of this letter, including, without limitation, legislative or other changes in the law. Further, we assume no responsibility to advise you of any facts or circumstances of which we become aware after the date hereof, regardless of whether or not they may affect our opinions herein. This opinion is given as of the date hereof, and we assume no obligation to update our opinions herein after the date hereof.

Very truly yours,
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CITY OF ROSEVILLE
THE RANCH AT SIERRA VISTA COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES)

SPECIAL TAX BONDS
SERIES 2023
CERTIFICATE OF AG EHC II (LEN) CA 2, L.P.

In connection with the issuance and sale of the above-captioned bonds (the “Bonds”), and pursuant to Section 4(d)(16) of the Bond Purchase Agreement (the “Bond Purchase Agreement”) to be executed by and between City of Roseville, California (the “City”), for and on behalf of the City of Roseville The Ranch at Sierra Vista Community Facilities District No. 1 (Public Facilities) (the “District”), and Stifel, Nicolaus & Company, Incorporated (the “Underwriter”), AG EHC II (LEN) CA 2, L.P., a Delaware limited partnership, a Delaware limited partnership (the “Landowner”), hereby represents, warrants and covenants to the City, the District and the Underwriter as of the date hereof that:

1. The Landowner is a limited partnership validly existing and in good standing as a limited partnership under the laws of the State of Delaware and is duly registered to transact business in the State of California as a foreign limited partnership and is in good standing in the State of California and has all requisite right, power and authority: (i) to execute and deliver this Letter of Representations; and (ii) to undertake all of the transactions on its part described in the Preliminary Official Statement.

2. As set forth in the Preliminary Official Statement, certain property within the District is held in the name of the Landowner (herein the “Property”). The undersigned, on behalf of the Landowner, makes the representations herein with respect to all such Property owned by Landowner.

3. As of the date thereof, the Preliminary Official Statement, solely with respect to information contained therein with respect to the Landowner and ownership of the Property by Landowner as set forth under the caption [“OWNERSHIP OF PROPERTY WITHIN THE DISTRICT—___________”] is true and correct in all material respects and did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

4. The Landowner covenants that, while the Bonds or any refunding obligations related thereto are outstanding, the Landowner will not bring any action, suit, proceeding, inquiry or investigation at law or in equity, before any court, regulatory agency, public board or body, that in any way seeks to challenge or overturn the formation of the District, to challenge the adoption of Ordinance No. 6055 of the City levying Special Taxes within the District, to invalidate the District or any of the Bonds or any refunding bonds related thereto, or to invalidate the special tax liens imposed under Section 3115.5 of the Streets and Highways Code based on recordation of the amended notice of special tax lien relating thereto. The foregoing covenant shall not prevent the Landowner in any way from bringing any other action, suit or proceeding including, without limitation, (a) an action or suit contending that the Special Taxes have not been levied in accordance with the methodologies contained in the District’s Rate and Method of Apportionment of Special Taxes pursuant to which the Special Taxes are levied, or (b) an action or suit with respect to the application or use of the Special Taxes levied and collected.

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5. Except as disclosed in the Preliminary Official Statement, the Landowner is not aware that any other public debt secured by a tax or assessment on the Property exists or is in the process of being authorized or any assessment districts or community facilities districts have been or are in the process of being formed that include any portion of the Property.

6. To the undersigned’s actual knowledge, the Landowner has not been delinquent to any material extent in the payment of any ad valorem property tax, special assessment or special tax on property owned by the Landowner within the boundaries of a community facilities district or an assessment district within California that (a) would have caused a draw on a reserve fund relating to such assessment district or community facilities district financing or (b) resulted in a foreclosure action being commenced against the Landowner.

The undersigned has executed this Certificate solely in his or her capacity as the manager of the authorized agent of the Landowner and he or she will have no personal liability arising from or relating to this Certificate.

AG EHC II (LEN) CA 2, L.P., a Delaware limited
partnership
By: ____________________________________
Its: _____________________________________

COUNCIL COMMUNICATION
CC #: 2787
File #: 0201 & 0103-03-02 & 0103-29-02
Title:

City of Roseville FY2023-24 Citywide Budget, Position Allocation Schedule, Roseville Housing Authority Budget, and Roseville Finance Authority Budget Contact: Scott Pettingell 916-746-1306 [email protected] Meeting Date: 6/21/2023
Item #: 10.1.

RECOMMENDATION TO COUNCIL
Staff recommends that the City Council adopt:
1) An ordinance approving the proposed City of Roseville FY2023-24 citywide budget, and approving new vehicle requests and the citywide position allocation schedule, as incorporated into the FY2023-24 budget document, effective July 1, 2023; and 2) A resolution approving the Roseville Housing Authority budget for FY2023-24; and 3) A resolution approving the Roseville Finance Authority budget for FY2023-24.

BACKGROUND

CITYWIDE BUDGET
Fiscal Summary: The FY2023-24 proposed expenditure budget totals approximately $784 million from all funding sources.

Positions: The proposed budget includes a net increase of 30 positions that align with the City Council's strategic plan and address critical service level requirements. These recommended positions will increase the total citywide position count from 1,328 to 1,358. The citywide position allocation schedule is incorporated into the FY2023-24 budget document.

City Council Strategic Plan Goals: The following City Council strategic plan goals guided the budget process. The FY2023-24 budget document highlights the budget augmentations, accomplishments, City services, and performance measures aligned with these goals:
· Maintain a safe and healthy community
· Remain fiscally responsible in a changing world
· Enhance economic vitality
· Invest in well-planned infrastructure and growth
· Support community engagement and advocacy
· Deliver exceptional city services
Process: The proposed budget results from an extensive process that includes a City Council strategic planning workshop, budget development updates, a utilities budget update, a Capital Improvement Program budget overview, financial policies update, and a budget hearing.

Awareness and Outreach: The budget process included a public outreach effort that involved publishing budget information on the City website, including the Budget in Brief, e-newsletters, and social media. It also included outreach to the Roseville Coalition of Neighborhood Associations, Sun City Roseville, Roseville Chamber of Commerce, and City employees. The proposed budget and an overview Budget in Brief can be viewed at Roseville.ca.us/budget.

Budget Ordinance: The recommended budget ordinance includes the following modifications:

Section 3.20 - The City Manager is authorized to increase or decrease Capital Improvement Projects and Non-Capital Multiyear Projects revenues and expenditure budgets by up to $75,000 for each project.

Section 3.21 - The City Manager is authorized to adjust the Development Services revenue budget for the General Plan Update Fee to reflect actual revenues received and adjust the expenditure budget by a like amount in the General Plan Update CIP. This authority will also apply to the FY2022-23 budget.

General Fund
Fiscal Summary: The budget for the General Fund is $229.3 million, which includes operating ($213.6 million) and non-operating expenditures ($15.7 million). Per Council's financial policies, the General Fund budget matches budgeted expenses with projected revenues, with resources available to increase reserves up to Council-adopted targets, and address underfunded pension liabilities including transferring funds to the Pension Reserve Trust Fund and making an additional discretionary payment to CalPERS.

Measure B: The proposed budget includes $29.8 million in Measure B local sales tax revenues.

These revenues allow the City to maintain current service levels, restore services, and strategically invest in high-priority areas while still achieving a balanced budget.

General Fund Stabilization Reserve: The FY2023-24 budget includes a transfer of approximately $2.1 million from the General Fund to the Stabilization Reserve to bring the total reserve balance to $30.2 million or 15 percent of the General Fund operations budget before onetime transfers and the CalPERS additional discretionary payment. The General Fund Stabilization Reserve Fund may be used strategically to allow time for the City to restructure its operation deliberately in an economic downturn while minimizing service disruption. Use of the Stabilization Reserve will only take place in the context of a Council-adopted long-term plan.

General Fund Emergency Reserve: The FY2023-24 budget includes a transfer of approximately $1.3 million from the General Fund into the Emergency Reserve to bring the total reserve balance to $20.1 million or 10 percent of the General Fund operations budget before onetime transfers and the CalPERS additional discretionary payment. The purpose of this reserve is to have the ability to fund significant short-term issues such as expenditures during declared emergencies should the need arise.

ROSEVILLE HOUSING AUTHORITY BUDGET
The Roseville Housing Authority (RHA) was formed in October 1974 and administers the Housing Choice Voucher (HCV) Program and provides rental assistance for low-income residents to access quality, affordable, and safe housing. RHA ensures housing stability and economic selfsufficiency for up to 823 families, seniors, disabled persons, and veterans annually. Rental assistance for income-qualified participants is paid directly to property owners participating in the HCV Program. The Housing Authority receives funding from the Federal Department of Housing and Urban Development (HUD). Roseville's HCV program infuses over $7.2 million in federal funds into the local economy each year, including administration revenue that covers most of the staff costs to administer the program.

Budget Analysis: RHA is a separate legal entity from the City, and therefore its budget is approved by its Board of Directors, who the City Council represents. Financial activities are audited annually as part of the citywide audit, and its financial statements are included in the City of Roseville's annual comprehensive financial report. The detail for the FY2023-24 revenues and expenditures are presented in the Budget Item Detail (Attachment A) and are further discussed below. RHA has budgeted $8,099,622 for housing assistance payments (HAP) revenue for all vouchers. When a participating household finds rental housing that meets program requirements, written agreements are signed between the owner, tenant, and RHA, outlining their respective rights and responsibilities. Program participants pay approximately 30 percent of their income on rent and utilities, and RHA pays the balance of the contract rent directly to the property owner each month. An additional $5,000 in fraud recovery for HAP payments is also included in the revenue estimate.

Rental Assistance Programs & Family Self-Sufficiency Funding/Revenue – Administration RHA administers regular Housing Choice Vouchers, Non-Elderly Disabled (NED), Veterans Affairs Supportive Housing (VASH), Mainstream, Emergency Housing (EHV), and Project-Based Vouchers. Each year, the Housing Authority also participates in HUD's Family Self-Sufficiency (FSS) Program, encouraging families assisted through the HCV Program to increase their earned income and reduce their dependency on state and federal assistance and rental subsidies. In this program, each time a participant's income increases, a portion of their housing assistance payment is diverted to an interest-bearing account. During their participation in the FSS program, participants set goals to decrease their dependency on welfare subsidies. Once participants complete the required objectives of their program plan, they have access to the escrow account.

They may use the funds for various needs, such as a down payment on a house, a car, education loans, or other items that further their self-sufficiency goals. HUD awards FSS grants to Housing Authorities who compete for the funding. The FSS funding for FY2023-24 of $79,200 offsets a portion of the salaries and benefits of the program coordinator and other staff who help administer the program.

Administrative and Other Miscellaneous Revenues
RHA earns administrative revenues based on the number of vouchers that have been leased up.

The estimated payments total $937,286. RHA also administers a portion of the HCV Program for tenants who live in the City of Rocklin and charges the City of Rocklin a minimum administrative fee to recoup costs for this service. The administrative fee budgeted for FY2023-24 is $27,500 and is based on an existing agreement with Rocklin. Interest, Portability Billing, and Fraud Recovery are estimated to be $5,000, for a total of $969,786.

Personnel and Other Administrative Costs
The following table illustrates the estimated revenues and expenditures needed to manage the HCV program in FY2023-24 successfully. Materials, services, supplies, and indirect costs total $328,564, and salaries, wages, and benefits are $737,161 for a total of $1,065,725.

HAP Admin funds earned from projected lease-ups: $937,286 FSS Administrative funds: 79,200
Other Revenues (Rocklin, Repayments, and Interest): 144,060 Total Available Revenues & Resources: 1,160,546
Materials, Services, Supplies & Indirects: 232,766
Reimbursed Indirect Costs - Charged: 95,798
Salaries, Wages & Benefits: 737,161
Total Administrative Costs: $1,065,725

ROSEVILLE FINANCE AUTHORITY BUDGET
Debt service payments of $2,384,992 reflect scheduled payments on the Certificates of Participation (COPs) for the Corporation Yard, golf courses, and 316 Vernon Street. The Authority has issued other bonds and COPs, but that debt service is reflected in the City's budget within each respective fund. For CFD bond issues, the Authority acts as a conduit to collect payments through the County property tax levy process to repay the outstanding debt of these special districts.

Transfers out of the RFA capital projects fund of $690,980 represent savings from community facilities districts (CFDs) bond refundings transferred to various CFDs and to the Citywide Parks Fund for the repayment of a loan from the Fleet Replacement Fund, which partially funded the construction of Harry Crabb Park.

The Roseville Finance Authority budget for FY2023-24 is available in attached C.

FISCAL IMPACT
The City of Roseville FY2023-24 citywide budget document provides a financial summary for each fund, department, capital improvement project, and non-capital multi-year project. Attachments A and B provide financial summaries of the FY2023-24 Roseville Housing Authority budget. Attachment C provides a financial summary of the FY2023-24 Roseville Finance Authority budget.

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 §20165 and CEQA State Guidelines §15060(c)(3) and §15378. The Fiscal Year 2023-24 Citywide Budget, Position Allocation Schedule, Housing Authority Budget, and Roseville Finance Authority Budget meet the above criteria and are not subject to CEQA. No additional environmental review is required.

CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Adoption of the City's FY2023-24 Budget provides policy direction and legal appropriation authority to continue efforts to accomplish City Council's strategic plan goals.

Respectfully Submitted,
Scott Pettingell, Assistant Finance Director
Dennis Kauffman, Assistant City Manager/Chief Financial Officer _____________________________
Dominick Casey, City Manager
ATTACHMENTS:

Description
Ordinance 6684
Resolution 2-23
Attachment A - FY24 Roseville HousingAuthority Budget Item Detail Attachment B - FY24 Roseville HousingAuthority Fund Summary Resolution 1-23
Attachment C- FY24 Roseville FinanceAuthority Budget
ORDINANCE NO. 6684

ORDINANCE OF THE COUNCIL OF THE CITY OF ROSEVILLE
ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR 2023-2024,

ADOPTING BUDGET CONTROL POLICIES, ADOPTING AN APPROPRIATIONS LIMIT,

ADOPTING THE BUDGET FOR THE SUCCESSOR AGENCY OF THE ROSEVILLE

REDEVELOPMENT AGENCY, TO BE EFFECTIVE IMMEDIATELY
AS AN URGENCY MEASURE THE CITY OF ROSEVILLE ORDAINS:

SECTION 1. The proposed budget for the City of Roseville entitled "Proposed Budget Fiscal Year 2023-2024, City of Roseville, California,” a copy of which is on file in the office of the City Clerk, is hereby adopted as the "Annual Budget Fiscal Year 2023-2024, City of Roseville, California."
SECTION 2. The proposed expenses, expenditures, transfers out, revenues, and transfers in shown in the fund, department operating budget and project summaries of the budget document, which are incorporated herein, are hereby appropriated to the departments and activities in the amounts and purposes therein stated. Encumbrances, expenses and expenditures of the various appropriations described in the budget document shall be made by those departments and employees designated therein as the requisitioning authorities.

SECTION 3. The following budget control policies shall become effective upon the adoption of this ordinance:

1. The operating budget of the City of Roseville and the Successor Agency of the Roseville Redevelopment Agency shall be approved by the following major expenditure/expense summary categories:
a. Salaries and Wages
b. Benefits
c. Materials, Supplies, and Services
d. Internal Reimbursements
e. Capital Outlay
f. Debt Service
g. Transfers Out

2. The City Manager or designee shall apply prudent monitoring procedures to assure that actual expenditures/expenses of the City and the Successor Agency of the Roseville Redevelopment Agency do not exceed the appropriations at the department level by fund.

3. The City Council delegates authority to the City Manager or designee to approve the movement of City Council approved appropriations within the same fund, excluding Capital Improvement and Non-Capital Multiyear Projects.

4. The City Manager and Assistant City Manager/Chief Financial Officer are directed to ensure that the budget complies with City Council approved financial policies.

5. The City Manager or designee is authorized to increase the Fiscal Year 2023-24 budget appropriations for the remaining unspent appropriations from the prior fiscal year for City Council approved fleet replacement.

6. Capital Improvement Plan. The Capital Budget of the City of Roseville and the Successor Agency of the Roseville Redevelopment Agency shall be approved by Capital Improvement Project. Capital project appropriations shall be used solely for the original purpose approved by the City Council.

7. Non-Capital Multiyear Projects. The non-capital multiyear project budget for the City of Roseville and the Successor Agency of the Roseville Redevelopment Agency shall be approved by Non-Capital Multiyear Project. Non-Capital project appropriations shall be used solely for the original purpose approved by the City Council.

8. City Council approval is required to establish or cancel (without completion) new Capital Improvement Projects or Non-Capital Multi-Year Projects.

9. The City Manager or designee is authorized to carryover any unspent appropriations in Capital and Non-Capital Multi-Year Improvements Projects.

10. Annually, completed or inactive Capital Improvement Projects and Non-Capital Multi-Year Improvement Projects will be closed, except for projects that have existing litigation, payment disputes or other extenuating circumstances. An inactive project is defined as one where transaction activity is less than $1,000 over the prior three years. Closures are the responsibility of the designated project manager. The managing department and the City Manager or designee have the authority to take the necessary steps to close completed or inactive projects, including appropriate decreases to the budget.

11. All encumbrances for valid purchase orders and contracts in effect as of June 30, 2022, will remain in effect in the following fiscal year. The City Manager or designee is authorized to increase the Fiscal Year 2023-24 budget appropriations, and any associated revenue or reimbursement budgets, in the amount of the outstanding encumbrances for valid purchase orders and contracts as of June 30, 2023.

12. The City Manager or designee is authorized to eliminate funds as required for proper accounting and fiscal management when the purpose of a fund has expired and its fund balance has been expended.

13. The City Manager is authorized to revise any appropriation made in the Adopted Budget where the revision does not increase total appropriations by fund and is consistent with City Council intent.

14. The City Manager is authorized to increase appropriations in any department or project from the General Fund Administrative Contingency.

15. The City Manager is authorized to increase appropriations in the Environmental Utilities funds from the respective fund’s contingency budget.

16. The City Manager is authorized to increase revenue estimates and appropriations for Council-approved bond issuances.

17. The City Manager is authorized to decrease the revenue and expenditure budget for the Development Services reimbursable development projects to match the actual amount of revenues received and expenditures incurred each fiscal year.

18. All increases and decreases to the total adopted budget require City Council approval, except as otherwise authorized in this Ordinance.

19. The City Manager is authorized to refine/add content, as may be needed to meet Government Finance Officers Association (GFOA) and California Society of Municipal Finance Officers (CSMFO) budgeting award requirements, in the Proposed Budget to create the FY2023-24 Approved Budget.

20. The City Manager is authorized to increase or decrease Capital Improvement Projects and Non-Capital Multiyear Projects revenues and expenditure budgets by up to $75,000 for each project.

21. The City Manager is authorized to adjust the Development Services revenue budget for the General Plan Update Fee to reflect actual revenues received and adjust the expenditure budget by a like amount in the General Plan Update CIP. This authority will also apply to the FY2022-23 budget.

SECTION 4. Pursuant to Article XIII B of the California Constitution, the appropriations limit for the City of Roseville is hereby established in the FY2023-24 Approved Budget. The State Department of Finance provides the City the annual adjustment factors used in the appropriation limit calculation. The factors are the changes in the California Per Capita Personal Income and population levels for the City or the County.

SECTION 5. It is hereby ordered that a copy of this ordinance and the budget document be certified by the City Clerk and filed in the office of the City Clerk. The City Clerk is directed to post a copy of this ordinance in three (3) conspicuous locations in the City and enter the posting thereof in the Ordinance Book.

SECTION 6. This ordinance is required for the orderly operation and maintenance of municipal activities and the appropriations for usual and current expenses of the City and the Successor Agency of the Roseville Redevelopment Agency during the 2023-2024 fiscal year.

Therefore, this ordinance shall take effect immediately upon passage hereof as an urgency ordinance, pursuant to Section 5.03 of the Charter of the City of Roseville.

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
1 HOUSING AUTHORITY OF THE CITY OF ROSEVILLE
RESOLUTION NO. 2-23

APPROVING THE ANNUAL BUDGET FOR
FISCAL YEAR 2023-24
WHEREAS, the Housing Authority of the City of Roseville has reviewed the proposed Housing Authority Budget, Fiscal Year 2023-24, attached hereto as Attachment “A”.

NOW, THEREFORE, the Housing Authority of the City of Roseville does hereby resolve that the Housing Authority of the City of Roseville Budget, Fiscal Year 2023-24, is hereby approved.

PASSED AND ADOPTED by the Housing Authority of the City of Roseville this ______ day of __________________, 20___, by the following vote on roll call:

AYES AUTHORITY MEMBERS:

NOES AUTHORITY MEMBERS:

ABSENT AUTHORITY MEMBERS:
______________________________

CHAIRMAN
_______________________
Secretary
2 3
EXHIBIT “A”
FY2023-24
Working Budget
Revenue and Transfers-In
2801 - Housing Authority Housing Choice
Voucher
4401 - Federal Grants 958,786
4435 - Other Grants 201,700
4451 - Interest Revenue 60
Total Revenue and Transfers-In: 1,160,546
Expenses/Expenditures and Transfers Out
2801 - Housing Authority Housing Choice
Voucher
5201 - Fuel 500
5301 - Professional Services 161,050
5351 - Office Supplies 5,000
5385 - Subscriptions 2,500
5387 - Advertising 1,600
5389 - Printing 1,500
5391 - Postage 5,000
5393 - Software 25,700
5395 - Equipment - Under 5000 1,000
5399 - Equipment - Technology Under 5000 2,900
5461 - Training And Development 13,000
5471 - Membership 2,200
5510 - Automotive - vehicle usage 2,000
5512 - Automotive - replacement 2,616
5524 - Facility - demand services 1,200
5570 - Grants 5,000
5901- Reimbursed Indirect Cost - Charged 95,798
5911 - Reimbursed Cost - Charged (Salaries,
Wages, and Benefits) 737,161
Total Expenses/Expenditures and
Transfers Out: 1,065,725
Net Revenue over
Expenses/Expenditures: 94,821
Housing Assistant Payments
4401 - Federal Grants 8,104,622
4451 - Interest Revenue 60
Total Revenue 8,104,682
5578 - Grants - Housing Assistance Payments 8,099,622
Total Expenses/Expenditures 8,099,622

ROSEVILLE HOUSING AUTHORITY
Department Requested Budget Item Detail
Report Date: 05/09/2023
HOUSING AUTHORITY 2801
Annual Budget Fund Summary
Actual FY2021-22 Estimate FY2022-23 Budget FY2023-24
FUND BALANCE RESERVED (HAP) $ 194,292 (23,611) $ 5,351 $ UNRESERVED, DESIGNATED FUND BALANCE (ADMIN) $ 426,277 526,503 $ 554,769.82 $

ACTUAL & ESTIMATED REVENUES - HAP
Operating Grants - HUD 7,273,404 7,670,640 8,099,622
Fraud Recovery - HUD 4,354 7,829 5,000
Interest on Investments - HAP 26 221 60
Total HAP Revenues 7,277,784 7,678,689 8,104,682

ACTUAL & ESTIMATED REVENUES - ADMIN
Administrative Fees - HUD 971,476 813,949 937,286
Other Revenue 98,502 2,773 111,500
FSS Coordinator Grant - HUD 47,063 72,000 79,200
Admin Fee - City of Rocklin 27,500 27,500 27,500
Fraud Recovery - Admin 4,354 5,629 5,000
Interest on Investments - Admin 26 221 60
Total Admin Revenues 1,053,191 1,017,801 1,160,546
Total Estimated Available for Appropriation 8,833,867 $ 9,317,058 $ 9,825,349 $

LESS ACTUAL & ESTIMATED HAP EXPENDITURES
HAP - Payments to Landlords 7,059,880 7,867,630 8,099,622 Total HAP Expenditures 7,059,880 7,867,630 8,099,622

LESS ACTUAL & ESTIMATED ADMIN EXPENDITURES
Salaries & Benefits - Admin 723,026 432,808 665,161
Salaries & Benefits - FSS Coordinator 77,545 72,000 72,000 Other Operating Expenses 245,911 288,806 232,766
Indirect Costs 95,693 106,936 95,798
Total Admin Expenditures 1,153,418 889,307 1,065,725
FUND BALANCE RESERVED (HAP-RNP) 5,351 194,292 10,411
UNRESERVED FUND BALANCE (ADMIN - UNP) 554,770 426,277 649,591 TOTAL ENDING FUND BALANCE 620,569 $ 560,121 $ 660,002 $

ROSEVILLE FINANCE AUTHORITY
RESOLUTION NO. 1-23
ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR 2023-24
WHEREAS, the Roseville Finance Authority desires to approve the Roseville Finance Authority Budget FY2023-24.

NOW, THEREFORE, the Roseville Finance Authority does hereby resolve that the attached Roseville Finance Authority Budget FY2023-24 is hereby approved.

PASSED AND ADOPTED by the Roseville Finance Authority this __ day of _______, 20___, by the following vote on roll call:

AYES AGENCY MEMBERS:

NOES AGENCY MEMBERS:

ABSENT AGENCY MEMBERS:
__________________________________
CHAIR
ATTEST:
_________________________________
Secretary
Roseville Finance Authority
Debt Service Capital Projects Total Debt Service Capital Projects Total Debt Service Capital Projects Total

NONOPERATING REVENUES
Levy Credit 1,382,420 - $ 1,382,420 $ - 1,363,042 $ 1,363,042 $ - 1,362,533 $ 1,362,533 $ Transfer In $ - 2,378,848 2,378,848 2,377,163 $ - 2,377,163 2,372,288 $ - 2,372,288 Interest Revenue 37,004 - 37,004 - 40,000 40,000 - 40,000 40,000 Total Revenues 1,419,424 2,378,848 3,798,272 2,377,163 1,403,042 3,780,205 2,372,288 1,402,533 3,774,821

LESS OPERATING EXPENSES
Interest Expense - - - - - - - - -
Bank Fees 85 - 85 - - - - 100 100
Total Operating Expenses - 85 85 - - 100 100

LESS NONOPERATING EXPENSES
Transfers Out 688,820 - 688,820 - 692,065 692,065 - 690,980 690,980 Capital Outlay 116,746 - 116,746 - 216,750 216,750 - 200,000 200,000 Debt Service 2,378,848 2,378,848 2,377,163 2,372,288 2,377,163 2,372,288 Total Capital and Debt Expenses 2,378,848 805,566 3,184,414 2,377,163 908,815 3,285,979 2,372,288 890,980 3,263,268 INCREASE (DECREASE) FROM OPERATIONS 613,773 - 613,773 - 494,227 494,227 - 511,453 511,453 FUND BALANCE, BEGINNING OF YEAR 2,733,500 30,813 2,764,313 30,813 3,347,273 3,378,086 30,813 3,841,500 3,872,313 INCREASE (DECREASE) FROM OPERATIONS 613,773 - 613,773 - 494,227 494,227 - 511,453 511,453 FUND BALANCE, END OF YEAR $ 3,347,273 30,813 $ 3,378,086 $ 30,813 $ 3,841,500 $ 3,872,313 $ 30,813 $ 4,352,952 $ 4,383,765 $ Actual FY 2022 Estimate FY 2023 Budget FY 2024

COUNCIL COMMUNICATION
CC #: 2793
File #: 0800-03 & 0201-01
Title: Electric Utility Department Operations Center Project - Budget Adjustment Contact: Eric Campbell 916-774-5626 [email protected] Meeting Date: 6/21/2023
Item #: 10.2.

RECOMMENDATION TO COUNCIL
Staff recommends that the City Council adopt an ordinance to approve a budget adjustment for the Electric Department of $750,000 to fund and create the Electric Utility’s Department Operations Center (DOC) capital project.

BACKGROUND
The Electric Utility’s Department Operations Center (DOC) will improve situational awareness, outage management, and disaster preparedness capabilities by supporting a flexible, sustainable, secure, and strategically located command center that will further the City’s ability to provide safe and reliable electricity. The DOC potentially may serve in the future as the City’s Emergency Operations Center central command and control, responsible for carrying out emergency and disaster management to ensure continuity of operations for the City and enhance the safety of the residents of Roseville. The DOC will be located on the 1st Floor of 116 S. Grant Street and allow leadership to quickly assemble to assess incident priorities, assess resource needs, coordinate with outside agencies, and effectively communicate information to response team members in the field as well as the public. The DOC would be “always active”, requiring no setup. This will allow incident management to begin immediately.

FISCAL IMPACT
Approval of the ordinance will result in a budget adjustment that will increase the FY2022-23 budget authority and decrease the Electric Fund balance by $750,000.

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. Approval of a budget adjustment meets the above criteria and is not subject to CEQA. No additional environmental review is required.

CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal F - Invest in well-planned infrastructure and growth Respectfully Submitted,
Eric Campbell, Assistant Electric Utility Director
Dan Beans, Electric Utility Director
_____________________________
Dominick Casey, City Manager
ATTACHMENTS:

Description
Ordinance 6686
Budget Adjustment
ORDINANCE NO. 6686

ORDINANCE OF THE COUNCIL OF THE CITY OF ROSEVILLE
AUTHORIZING CERTAIN AMENDMENTS TO THE FISCAL YEAR 2022-23

BUDGET AND DECLARING THIS ORDINANCE TO BE IMMEDIATELY

EFFECTIVE AS AN APPROPRIATION MEASURE
THE CITY OF ROSEVILLE ORDAINS:

SECTION 1. The City of Roseville Annual Budget, Fiscal Year 2022-23, is hereby amended as listed on the attached budget adjustment for the Electric Utility Department Operations Center Project.

SECTION 2. This ordinance is hereby declared to be an appropriation measure, immediately effective pursuant to the provisions of Section 5.03 of the Charter.

SECTION 3. The City Clerk is hereby authorized and directed to post a true copy of the foregoing ordinance in each of three (3) conspicuous locations in the City and she shall immediately after such posting enter in the ordinance book, under the record of the ordinance, a certificate under her hand stating the time and place of such publication by posting.

PASSED AND ADOPTED by the Council of the City of Roseville, this ______________ day of _________________, 2023, by the following vote on roll call:

AYES COUNCILMEMBERS:

NOES COUNCILMEMBERS:

ABSENT COUNCILMEMBERS:
_______________________________
MAYOR
ATTEST:
__________________________
City Clerk
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ROsEVfLL REQUEST FOR BUDGET ADJUSTMENT

CA LIFOR NIA
REQUESTER NAME & TITLE: Dan Beans, Electric Utility Director PREPARER NAME & TITLE: Eric Campbell, Assistant Electric Utility Director DEPARTMENT/DIVISION: --------------------- Electric/Finance

EXPENDITURES/EXPENSES/TRANSFERS OUT
ACCOUNT STRING BUDGET($)
Fund Account Center Project Adjustment
6001 6587 84701 500417 750,000
TOTAL 750,000

REVENUES/TRANSFERS IN
ACCOUNT STRING BUDGET($)
Fund Account Center Project Adjustment

TOTAL -
NET ADJUSTMENT 1so,ooo I

FUND BALANCE
ACCOUNT STRING BUDGET($)
Fund Account I Center I Project Adjustment
6001 (750,000)
TOTAL (750,000)
Justification for Budget Adjustment:

FISCAL YEAR: 2022-23
COUNCIL DATE (if applicable): 6/21/23
ORDINANCE:

DESCRIPTION
Establishing budget for Electric Utility's Department
Operations Center (DOC)

DESCRIPTION

DESCRIPTION
Reduction of Electric Fund Balance
Staff recommends this budget adjustment to establish the budget for the Electric Utility's Department Operations Center (DOC), which will be located on the 1st Floor of 116 S. Grant Street. The DOC will improve situational awareness, outage management, and disaster preparedness capabilities by supporting a flexible, sustainable, secure, and strategically located command center to further the City's ability to provide safe and reliable electricity.

The DOC may eventually serve as the City's Emergency Operations Center (EOC) central command and control, responsible for carrying out emergency and disaster management to ensure continuity of operations for the City and enhance the safety of the residents of Roseville. The DOC/EOC will allow leadership to quickly assemble to assess incident priorities and resource needs, coordinate with outside agencies, and effectively communicate information to response team members in the field and the public. The DOC/EOC will be "always active", requiring no setup and allowing incident management to begin immediately.

REQUIRED APPROVALS:

Daniel
n
Beans -(Jun 2, 2023 09:25 PDT)

REQUESTING DEPARTMENT HEAD/ DESIGNEE DATE BUDGET MANAGER / DESIGNEE DATE

CHIEF FINANCIAL OFFICER / DESIGNEE DATE CITY MANAGER/ DESIGNEE DATE BUDGET DEPARTMENT USE ONLY:

POSTED BY DATE
Revised: June 24, 2019
5/30/20234:27 PM

COUNCIL COMMUNICATION
CC #: 2813
File #: 0102
Title: Request for Council Discretionary Funds - Sober Grad Night Contact: Melissa Lipp 916-774-5268 [email protected] Meeting Date: 6/21/2023
Item #: 11.1.

RECOMMENDATION TO COUNCIL
The City Council has received the following request for discretionary funding and can at this time discuss and consider the request for approval by motion:

Granite Bay High School
The balance remaining in the Council's Discretionary Funds for FY22-23 is $7,821.83 Safe and Sober Grad Night Activities
One of the eight local high schools in the Roseville Joint Union High School District have submitted a request for the City Council to provide a sponsorship in the form of a discretionary funds donation for the Safe and Sober Grad Night events for this year's graduating seniors. The City Council has funded prior years' requests for Safe and Sober Grad night activities at $500 per school.

The written request has been included with this report for your review. In addition, a representative from the high school has been invited to attend the meeting and may be available to answer any questions for Council.

BACKGROUND
The Citizens’ Benefit Fund was established in 1993 with the net proceeds from the sale of the Roseville Hospital. The City Council may, after receiving the recommendation of the Roseville Grants Advisory Commission, annually appropriate up to 90 percent of the annual earnings of the Citizens’ Benefit Fund for the purpose of improving the quality of life for the citizens of the City of Roseville. In addition, the City Council, without the recommendation of the Roseville Grants Advisory Commission, may annually appropriate a minor amount up to $15,000.00 of the annual earnings for the purpose of improving the quality of life in Roseville.

FISCAL IMPACT
There is no fiscal impact to the City’s general fund. Annually the City Treasurer allocates $15,000 of the annual earnings on the Citizens’ Benefit Fund per section 4.06.04 in the Municipal Code and is included in the annual budget along with the Citizen’s Benefit Funds available for appropriation each year. These earnings are restricted for the purpose of improving the quality of life for the citizens in Roseville and appropriated by the City Council.

ENVIRONMENTAL REVIEW
The Council discretionary funds is not considered a project as defined by the California Environmental Quality Act (CEQA) (CEQAGuidelines §15378). Consequently, no CEQA action is required.

CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal B - Support community engagement and advocacy
Respectfully Submitted,
Melissa Lipp, City Clerk Technician
Carmen Avalos, City Clerk
_____________________________
Dominick Casey, City Manager
ATTACHMENTS:

Description
Sober Grad Night Request-Granite Bay High School

COUNCIL COMMUNICATION
CC #: 2814
File #: 0102
Title: Request for Council Discretionary Funds - Kelli's Cookies for Goodness Bakes Contact: Melissa Lipp 916-774-5268 [email protected] Meeting Date: 6/21/2023
Item #: 11.2.

RECOMMENDATION TO COUNCIL
Recommend City Council discuss and consider by motion a request from Kelli's Cookies for Council Discretionary Funds. Kelli's Cookies for Goodness Bakes is requesting $3,500 sponsorship for their annual fundraiser "Taste of Placer." Funds from this event help support their program to offer their services to more local youth in need.

The balance remaining in the Council's Discretionary Funds for FY2022-23 is $7,821.83.

BACKGROUND
The Citizens' Benefit Fund was established in 1993 with the net proceeds from the sale of the Roseville Hospital. The City Council may, after receiving the recommendation of the Roseville Grants Advisory Commission, annually appropriate up to 90 percent of the annual earnings of the Citizens' Benefit Fund for the purpose of improving the quality of life for the citizens of the City of Roseville. In addition, the City Council, without the recommendation of the Roseville Grants Advisory Commission, may annually appropriate a minor amount up to $15,000.00 of the annual earnings for the purpose of improving the quality of life in Roseville.

FISCAL IMPACT
There is no fiscal impact to the City's general fund. Annually the City Treasurer allocates $15,000.00 of the annual earnings on the Citizens' Benefit Fund per section 4.06.04 in the Municipal Code and is included in the annual budget along with the Citizens' Benefit funds available for appropriation each year. These earnings are restricted for the purpose of improving the quality of life for the citizens in Roseville and appropriated by the City Council.

ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonable foreseeable indirect physical change in the environment (CEQA Guidelines §15061(b) (3)). The award of funds does not include the potential for a significant environmental effect, and therefore is not subject to CEQA.

Description
Kelli's Cookies for Goodness Bakes

COUNCIL COMMUNICATION
CC #: 2778
File #: 0800-03
Title: Advanced Metering Infrastructure Project Update
Contact: Caitlin Ornelas 916-774-5178 [email protected] Meeting Date: 6/21/2023
Item #: 11.3.

RECOMMENDATION TO COUNCIL
Staff recommends City Council receive an update from Roseville Electric on the Advanced Metering Infrastructure project.

BACKGROUND
The Advanced Metering Infrastructure (AMI) project is a joint, multi-year effort with the electric and water utilities to modernize the City's metering infrastructure. The AMI project is implementing an integrated system of meters, communications networks, and data management systems that enables two-way communication between utilities and customers. AMI provides utilities with the means to optimize electricity and water flows on the distribution systems, enhance customer service, create greater operational efficiencies, grid optimization, and respond to outages, leaks and reports of theft faster.

Due to regulatory requirements and operational efficiencies provided by AMI technology, over 90% of California residents and businesses currently have utility-installed AMI meters in use.

In March 2023, the project successfully launched the first stage of meter installations in over 800 residential and commercial utility customers in the Blue Oaks Blvd. and Woodcreek Oaks Blvd. area. The first stage provided valuable information regarding network communication, meter and system performance, integration between Roseville’s Meter Data Management System (MDMS) and Customer Information System (CIS), and has begun to generate utility specific data, which will be used to enhance our customer service and create greater operational efficiencies.

With the successful completion of the first stage of installations, the AMI project is preparing for the full deployment of meter installations, beginning July 2023. The full deployment stage will take place over a 12-14 month timeline and target all residential and commercial utility customers.

During full deployment, the project team will focus on the establishment and optimization of network communication, meter communication performance, utilization of systems integration and systems stability.

A comprehensive outreach plan has been developed to notify impacted customers, including a postcard, a pre-installation door hanger, a post-installation door hanger, newsletter articles, social media messaging, and updated information on the City’s website. This outreach will begin in late June in preparation for full deployment installations.

FISCAL IMPACT
This informational presentation has no fiscal impact.

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. A project update meets the above criteria and is 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
Goal F – Invest in well-planned infrastructure and growth Respectfully Submitted,
Caitlin Ornelas, AMI Project Manager
Dan Beans, Electric Utility Director
_____________________________
Dominick Casey, City Manager

COUNCIL COMMUNICATION
CC #: 2812
File #: 0400-04-15 & 0400-09-01
Title:

Formation of Amoruso Ranch Community Facilities District No. 1 (Public Facilities) and Amoruso Ranch Community Facilities District No. 2 (Public Services); and Annexation of Territory and Authorize Special Taxes in City of Roseville Community Facilities District No. 3 (Municipal Services), Annexation No. 28, Amoruso Ranch Contact: Jeannine Thrash 916-774-5473 [email protected] Dennis Kauffman 916-774-5313 [email protected]
Meeting Date: 6/21/2023
Item #: 12.1.

RECOMMENDATION TO COUNCIL
Staff recommends that Council adopt the following resolutions and ordinances:

For Amoruso Ranch Community Facilities District ("CFD") No. 1 (Public Facilities):

A Resolution of the City Council of the City of Roseville to Form a Community Facilities District, Designate an Improvement Area Therein, Establish a Future Annexation Area, Provide for Additional Future Improvement Areas Therein, and to Authorize the Levy of a Special Tax Therein to Finance Public Facilities and Public Services in and for Such Community Facilities District
A Resolution Determining Necessity to Incur Bonded Indebtedness of the City Council of the City of Roseville for the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)
A Resolution Calling Special Election of the City Council of the City of Roseville Regarding the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) A Resolution Declaring Results of Special Election and Directing Recording of Notice of Special Tax Lien Regarding City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)
An Ordinance of the City Council of the City of Roseville Levying Special Taxes Within City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) For Amoruso Ranch CFD No. 2 (Public Services):

A Resolution of Formation of Community Facilities District - City of Roseville Amoruso Ranch Community Facilities District No. 2 (Public Services) A Resolution Calling Special Landowner Election for Community Facilities District - City of Roseville Amoruso Ranch Community Facilities District No. 2 (Public Services) A Resolution Declaring Results of Special Landowner Election and Directing Recording of Notice of Special Tax Lien-City of Roseville Amoruso Ranch Community Facilities District No. 2 (Public Services)
Ordinance of the City Council of the City of Roseville Levying Special Tax Within Amoruso Ranch Community Facilities District No. 2 (Public Services) For CFD No. 3 (Municipal Services), Annexation 28 (Amoruso Ranch):

A Resolution of Annexation of Territory to Community Facilities District, Authorizing the Levy of a Special Tax and Submitting Levy of Tax to Qualified Electors - City of Roseville Community Facilities District No. 3 (Municipal Services), Annexation 28 (Amoruso Ranch) A Resolution Declaring Results of Special Annexation Election, Determining Validity of Prior Proceedings, and Directing Recording of Amended Notice of Special Tax Lien - City of Roseville Community Facilities District No. 3 (Municipal Services), Annexation 28 (Amoruso Ranch)

BACKGROUND
Brookfield Properties, the landowner proposed to be included in the public infrastructure district, has requested the City form a Community Facilities District ("CFD") under the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code, to provide funding for certain authorized public facilities within the property, as detailed in the List of Authorized Facilities and Services (for Amoruso Ranch CFD No. 1, Public Facilities). The objective of establishing a CFD is to create a land-secured funding mechanism to be used to fund construction and acquisition of authorized facilities of the CFD.

The landowner is obligated per the Development Agreement to form a Public Services CFD and annex into CFD No. 3 (Municipal Services), prior to the issuance of the first residential building permit. Amoruso Ranch CFD No. 2 (Public Services) is being formed in order to fund the maintenance of landscaping, open space and neighborhood parks. The property is being annexed into CFD No. 3 in order to offset the property's impact on City General Fund resources available to pay for municipal services citywide, including the project area.

On April 5, 2023, the City Council adopted resolutions of intent for the three CFDs: Resolution 23-118 for Amoruso Ranch CFD No. 1 (Public Facilities), Resolution 23-120 for Amoruso Ranch CFD No. 2 (Public Services), and Resolution 23-121 for CFD No. 3 (Municipal Services), Annexation 28 (Amoruso Ranch).

FISCAL IMPACT
The CFDs will generate special taxes that will be paid by the property owners sufficient to pay the costs for the debt service, maintenance, CFD administration, and any authorized pay-as-you-go facilities. The formation, annexation, and administration of the CFDs will not impact the City's General Fund.

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 resolutions, ordinances, and other documents described herein, meets the above criteria and is not subject to CEQA. No additional environmental review is required.

CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal F - Invest in well-planned infrastructure and growth Respectfully Submitted,
Jeannine Thrash, Management Analyst
Dennis Kauffman, Assistant City Manager/Chief Financial Officer _____________________________
Dominick Casey, City Manager
ATTACHMENTS:

Description
Notice of Public Hearing-Amoruso Ranch CFD1
Notice of Public Hearing-Amoruso Ranch CFD2
Notice of Public Hearing-CFD3Annex 28 (Amoruso Ranch)
Hearing Report-Amoruso Ranch CFD1
Resolution 23-292
Resolution 23-293
Resolution 23-294
Resolution 23-295
Ordinance 6689
Notice of Special Tax Lien-Amoruso Ranch CFD1
Hearing Report-Amoruso Ranch CFD2
Resolution 23-296
Resolution 23-297
Resolution 23-298
Ordinance 6690
Notice of Special Tax Lien-Amoruso Ranch CFD2
Resolution 23-299
Resolution 23-300
Amended Notice of Special Tax Lien-CFD3, Annex 28

NOTICE OF PUBLIC HEARING
To Form a Community Facilities District and Authorize Bonds City of Roseville
Amoruso Ranch Community Facilities District No. 1
(Public Facilities)
The City of Roseville is considering the formation of a community facilities district (the "CFD") under the authority of the Mello-Roos Community Facilities District Act of 1982, as amended, to fund certain public facilities related to new development within the City of Roseville, and to incur bonded indebtedness of the CFD.

This Notice contains a brief summary of the proposal, but you are referred to the City Council's Resolution to Form a Community Facilities District, Designate and Improvement Area Therein, Establish a Future Annexation Area, Provide for Additional Future Improvement Areas Therein, and to Authorize the Levy of a Special Tax Therein to Finance Public Facilities and Public Services in and for Such Community Facilities District (No. 23-118, adopted April 5, 2023) and its Resolution of Intention to Incur Bonded Indebtedness (No. 23-119, adopted April 5, 2023) for details of the proposals.

The proposal is to subject the property within the CFD to a special tax which will be used to pay for facilities of benefit to land within the CFD, including paying principal and interest on bonds used to build facilities, and will expire when the bonds are retired and all eligible facilities are financed.

The proceeds of the bonds will be used to pay for the facilities and other expenses set forth in the resolutions referred to in the preceding paragraph. A map showing the land proposed to be included in the CFD is on file with the City Clerk.

The proposal also includes authority to issue bonds in an amount up to $594,000,000, initially allocated as follows: (i) for Improvement Area No. 1, $124,000,000 and (ii) for the Future Annexation Area, 470,000,000, to be repaid by the special tax. Neither the City of Roseville nor any person outside the CFD has any liability for the special tax or the bonds. The security for the bonds is limited to the property subject to the special tax within the CFD.

In order to confer the authority upon the Roseville City Council to levy the special tax and to issue the bonds, a public hearing must be held on the proposal, then the City Council will decide whether to form the CFD, and finally the qualified electors within the CFD must approve the proposal by a two-thirds vote. Where the CFD is uninhabited (as is the case here) the qualified electors are, pursuant to law, the owners of property within the CFD.

This is the notice of the public hearing. The public hearing will be held during the City Council meeting on Wednesday, May 17, 2023, at 6:00 p.m., in the Roseville Civic Center Council Chambers located at 311 Vernon Street, Roseville, California 95678.

At the hearing, the testimony of all interested persons or potential special taxpayers for or against the formation of the proposed community facilities district, the authorization to levy the special tax, and the authorization to issue the bonds will be heard. If written protests against the proposed CFD are delivered to the City Clerk at or before the time set for the hearing by either registered voters residing within, or the owners of property within, the proposed CFD, they will be counted toward a possible majority protest. Such protests by a majority of the registered voters residing within the CFD or by the owners of a majority of the land area within CFD which is or will be subject to the special tax, if not withdrawn prior to the close of the hearing so as to reduce the value of the protests to less than 2 a majority, will require the proposed CFD to be eliminated from immediate consideration, and prevent its being included in a subsequent proceedings for at least one year.

If this Council, after the public hearing, determines that a majority protest under Section 53324 of the Government Code was not made at the hearing, the Council may conduct an election by mailed ballot to levy a special tax.

Questions should be directed to the undersigned, telephone (916) 774-5263.

Dated as of ___________, 2023 City Clerk, City of Roseville

NOTICE OF PUBLIC HEARING
To Form a Community Facilities District
City of Roseville
Amoruso Ranch Community Facilities District No. 2
(Public Services)
The City of Roseville is considering the formation of a community facilities district (the "CFD") under the authority of the Mello-Roos Community Facilities District Act of 1982, as amended, to fund certain public services related to new development within the City of Roseville.

This Notice contains a brief summary of the proposal, but you are referred to the City Council's Resolution to Form a Community Facilities District (No. 23-120, adopted April 5, 2023) for details of the proposal. The proposal is to subject the property within the CFD to a special tax which will be used to pay for public services of benefit to land within the CFD. A map showing the land proposed to be included in the CFD is on file with the City Clerk. The tax rate varies and is shown in an exhibit to the resolution.

In order to confer the authority upon the Roseville City Council to levy the special tax, a public hearing must be held on the proposal, then the City Council will decide whether to form the CFD, and finally the qualified electors within the CFD must approve the proposal by a two-thirds vote. Where the CFD is uninhabited (as is the case here) the qualified electors are, pursuant to law, the owners of property within the CFD.

At the hearing, the testimony of all interested persons or potential special taxpayers for or against the formation of the proposed community facilities district and the authorization to levy the special tax will be heard. If written protests against the proposed CFD are delivered to the City Clerk at or before the time set for the hearing by either registered voters residing within, or the owners of property within, the proposed CFD, they will be counted toward a possible majority protest. Such protests by a majority of the registered voters residing within the CFD or by the owners of a majority of the land area within CFD which is or will be subject to the special tax, if not withdrawn prior to the close of the hearing so as to reduce the value of the protests to less than a majority, will require the proposed CFD to be eliminated from immediate consideration, and prevent its being included in a subsequent proceedings for at least one year.

Questions should be directed to the undersigned, telephone (916) 774-5263.

Dated as of ___________, 2023 City Clerk, City of Roseville

NOTICE OF PUBLIC HEARING

CITY OF ROSEVILLE
Community Facilities District No. 3
(Municipal Services)
Annexation No. 28 (Amoruso Ranch)
Notice is hereby given by the City of Roseville (the “City”) with respect to its Community Facilities District No. 3 (Municipal Services) (the “CFD”) that on April 5, 2023, the City Council of the City, as the legislative body for the CFD, adopted its Resolution No. 23-121, “A Resolution of Intention to Annex Territory to Community Facilities District and to Authorize the Levy of Special Taxes Therein” (the “Resolution of Intention”). Reference is hereby made to the Resolution of Intention, on file with the City Clerk of the City for further particulars. The following is a summary of the provisions of the Resolution of Intention.

Pursuant to the Resolution of Intention, the Council determined that the public convenience and necessity require that certain territory, as more particularly described in the Resolution of Intention, be annexed to the existing CFD, all as provided in the Mello-Roos Community Facilities Act of 1982, as amended (Sections 53311 et seq., California Government Code (the “Act’). The Resolution of Intention provides that the special taxes heretofore caused to be levied in the CFD for financing the services provided through the CFD shall be levied in the territory proposed to be annexed, subject to public hearing and landowner election proceedings as specified in the Act.

Notice is further given that Wednesday, May 17, 2023 at 6:00 p.m. or as soon as possible thereafter, either virtually (if so noticed by the City) or at the City of Roseville Civic Center Council Chambers located at 311 Vernon Street, Roseville, California 95678, as the time and place when and where the Council of the City as the legislative body for the CFD, will conduct a public hearing on the annexation of the territory described in the Resolution of Intention to the CFD and finally consider and determine whether the public convenience and necessity require the annexation of said territory to the CFD and the levy of special taxes therein.

Notice is further given that at the hearing, the testimony of all interested persons for and against the annexation of said territory to the CFD or the levying of special taxes within the territory proposed to be annexed will be heard.

Dated: _______________, 2023
/s/ Carmen Avalos
Carmen Avalos, City Clerk
City of Roseville
Final Hearing Report
Improvement Area No. 1 of the
City of Roseville Amoruso Ranch
Community Facilities District No. 1
(Public Facilities)
Prepared for:

City of Roseville
Prepared by:

Economic & Planning Systems, Inc. (EPS)
April 2023
EPS #222064
Table of Contents
Introduction ................................................................................... 1 Background ....................................................................................... 1 Purpose of the IA No. 1 ....................................................................... 1 Organization of the Report ................................................................... 2 Land Uses ...................................................................................... 4 Authorized Facilities and Estimated Facility Costs ............................... 8 Authorized Facilities of the IA No. 1 ....................................................... 8 Authorized Services ........................................................................... 11 Authorized Facilities Estimated Costs ................................................... 12 IA No. 1 Bond Authorization and Maximum Annual Special Tax ........... 14 CFD Bond Authorization and Funding Strategy ...................................... 14 Maximum Annual Special Tax ............................................................. 15 Overall Tax Burden for Single-Family Residential ................................... 16 Structure of the IA No. 1 ............................................................... 21 Description of the IA No. 1 ................................................................. 21 The IA No. 1 Funding Program ............................................................ 21 Transition Event for Special Taxes ....................................................... 21 Determining the Maximum Annual Special Tax ...................................... 22 Base Year ........................................................................................ 22 Annual Tax Escalation Factor .............................................................. 22 Duration of the Special Tax ................................................................ 22 Definition of Initial Bonding Period ....................................................... 23 Definition of Annual Facilities Costs ..................................................... 23 Transition Event and Maintenance Special Taxes ................................... 25 Definition of Annual Maintenance Costs ................................................ 25 Assignment of Maximum Annual Special Tax ......................................... 26 Affordable Units ................................................................................ 28 Transfer of the Assigned Maximum Annual Facilities Special Tax .............. 28 Conversion of a Tax-Exempt Parcel to a Taxable Parcel .......................... 28 Taxable Parcels Acquired by a Public Agency ......................................... 28 Determination of Parcels Subject to Special Tax .................................... 29 Setting the Facilities Special Tax Levy for Taxable Parcels ....................... 29 Setting the Maintenance Special Tax Levy for Taxable Parcels ................. 30 Prepayment of the Special Tax Obligation ............................................. 31 Interpretation, Application, and Appeal of Special Tax Formula and Procedures ....................................................................................... 32 Manner of Collection .......................................................................... 32 Exhibits:

Exhibit A: Rate, Method of Apportionment, and
Manner of Collection of Special Tax
Exhibit B: List of Authorized Facilities and Services
List of Map and Tables
Map 1. Amoruso Ranch—Improvement Area No. 1 ..................................... 3 Table 1. CFD Land Uses and Parcels (3 pages) ............................................ 5 Table 2. Authorized Facilities Costs .......................................................... 13 Table 3. Maximum Annual Facilities Special Taxes by Tax Category for the Base Year of FY 2023-24 ................................................................... 17 Table 4. Assigned Maximum Annual Facilities Special Tax for Original Parcels for the Base Year of FY 2023-24 ...................................................... 18 Table 5. Maximum Annual Maintenance Special Taxes by Tax Category for the Base Year of FY 2023-24 ............................................................ 19 Table 6. Overall Tax Burden ................................................................... 20 Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 1
Introduction
B a c k g r o u nd
The City of Roseville (City) retained Economic & Planning Systems, Inc. (EPS) to support its efforts to create a Mello-Roos Community Facilities District (CFD) for the Amoruso Ranch Specific Plan (Project) development, consisting of an approximately 695-acre site located in the northwest edge of the City of Roseville.

The objective of establishing a CFD is to create a land-secured funding mechanism to help fund construction of authorized facilities of the CFD that then would transition, after a specified period, to help fund authorized services. With consideration to the anticipated phasing of development, the CFD boundary initially is proposed to include a subset of the Project area reflecting the anticipated first phase of development. This initial phase will be identified as Improvement Area No. 1 (IA No. 1). The remainder of the Project area has been designated as a future annexation area with the ability to annex into the CFD as a new Improvement Area(s) as subsequent phases of development proceed.

The overall Project area is approved for approximately 2,827 dwelling units (approximately 1,100 low-density residential [LDR] units, 695 medium-density residential [MDR] units, 1,032 high-density residential [HDR] units and approximately 51.1 acres of commercial uses. The Project land uses within the initial CFD boundary (IA No. 1) include approximately 289 LDR, 192 MDR, and 0 HDR units over roughly 93 acres. Following IA No. 1, the remainder of the Project area that could annex into the CFD as one or more Improvement Areas includes 810 LDR units, 503 MDR units, and 1,032 HDR units.

P u rp o s e o f t h e I A N o . 1
The IA No. 1 is being formed to fund major road improvements, potable and nonpotable water system improvements, drainage system improvements, wastewater system improvements, solid waste improvements, park and paseo improvements, open space improvements, utilities, and other authorized facilities under the Mello-Roos Act, serving the Project as a condition of the City’s approval of the development.

Through the transition of the facilities special tax to the maintenance special tax, the IA No. 1 may also fund long-term repair and replacement of authorized facilities once IA No. 1 bonds have been defeased and other obligations of the IA No. 1 for authorized facilities have been fulfilled. Once these facilities special tax obligations have been fulfilled, the City has the discretion to levy the maintenance special tax to help fund long-term repair and replacement of such facilities.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 2
Authorized to issue up to $124 million in bonds, the first series of bonds is anticipated to be issued during the 2023-24 fiscal year. Map 1 shows the proposed boundaries of the IA No. 1.

O rg a n i z a t i o n o f t h e R e p o r t
This report consists of these 5 chapters and 2 exhibits:
• Chapter 1 includes this introduction.
• Chapter 2 describes the proposed land uses in the IA No. 1. • Chapter 3 describes authorized facilities to be funded in the IA No. 1, the costs, and the cost allocations.
• Chapter 4 describes the maximum IA No. 1 bond authorization and the maximum annual special tax.
• Chapter 5 describes the structure of the IA No. 1.
• Exhibit A provides the Rate and Method of Apportionment and Manner of Collection of Special Tax (RMA).
• Exhibit B provides the List of Authorized Facilities and Services.

Sheet of 1 1

AMORUSO RANCH
BEING A PORTION OF SECTIONS 11 AND 14,
T. 11 N., R. 5 E., MOUNT DIABLO MERIDIAN

CITY OF ROSEVILLE COUNTY OF PLACER STATE OF CALIFORNIA

PROPOSED BOUNDARY MAP
(PUBLIC FACILITIES)
NOVEMBER 2022

BUILDING RELATIONSHIPS ONE PROJECT AT A TIME
3301 C St, Bldg. 100-B Tel 916.341.7760
Sacramento, CA 95816 Fax 916.341.7767
COMMUNITIES FACILITIES DISTRICT NO. 1
LEGEND

BOOK OF COMMUNITY FACILITIES DISTRICT, PAGE

CITY CLERK'S MAP STATEMENT

CITY CLERK'S MAP FILING STATEMENT

RECORDER'S STATEMENT
Map 1
Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 4
Land Uses
The City intends to form the Project IA No. 1 over a portion of the Project in the southwesterly portion of the Project. Overall, the Project area includes more than 695 acres approved for approximately 2,827 dwelling units (approximately 1,100 LDR units, 695 MDR units, 1,032 HDR units, and approximately 51.1 acres of commercial uses). The entire Project property is anticipated to be developed over several phases, with development activity beginning in the final quarter of 2022.

The IA No. 1 land uses within the initial IA No. 1 boundary include approximately 289 LDR units, 192 MDR units, and 0 HDR units over roughly 93 acres.

Table 1 shows all original IA No. 1 parcels and land uses included in IA No. 1 and shows parcels and land uses included in future annexations area(s). Future areas are anticipated to be annexed into the CFD in one or more future Improvement Area(s) rather than annexing into IA No. 1, though the latter is not prohibited.

Following IA No. 1, the remainder of the Project area that could annex into the CFD includes 811 LDR units, 503 MDR units, and 1,032 HDR units.

The objective of establishing IA No. 1 is to create a land-secured funding mechanism to be used to fund construction of authorized facilities of the IA No. 1.

With consideration to the anticipated phasing of development, the IA No. 1 boundary initially is proposed to include a subset of the Project area reflecting the anticipated first phase of development.

Page 1 of 3 ends

Table 1
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
CFD Parcels and Land Uses
Gross
Parcel APN Land Use Lot Size Acres Units Density
Improvement Area No. 1
Phase 1 (Sub-phase 1A)
AR-4 017-480-001-000 LDR 60x100 7.21 31 4.30
AR-5 017-480-003-000 LDR 60x100 2.39 10 4.18
AR-6 017-480-004-000 LDR 60x100 5.37 25 4.66
AR-11 017-480-023-000 LDR 60x100 8.24 38 4.61
AR-12 017-480-007-000 LDR 50x100 3.13 16 5.11
AR-13 017-480-006-000 LDR 50x100 5.39 30 5.57
AR-21 017-480-009-000 MDR 40x80 2.05 15 7.32
AR-22 017-480-010-000 LDR 50x100 6.05 32 5.29
AR-24 017-480-030-000 LDR 50x100 2.50 12 4.80
AR-25 017-480-011-000 MDR 40x80 5.29 38 7.18
AR-26 017-480-012-000 LDR 50x100 9.26 48 5.18
AR-30 017-480-013-000 LDR 50x100 2.89 13 4.50
AR-32 017-480-046-000 MDR 40x80 7.78 58 7.46
AR-33 017-480-045-000 MDR 40x80 5.14 42 8.17
AR-34 017-480-021-000 LDR 60x100 3.21 14 4.36
AR-35 017-480-019-000 LDR 60x100 4.82 20 4.15
AR-37 017-480-031-000 MDR 40x80 4.96 39 7.86
AR-64A
Por. 017-480-014-
000 Park 0.74 n/a
AR-71 017-480-002-000 OS/(Paseos) 0.33 n/a
AR-72A
Por. 017-480-048-
000 OS/(Paseos) 0.64 n/a
AR-75 017-480-008-000 OS/(Paseos) 0.84 n/a
AR-79 017-480-018-000 OS/(Paseos) 0.39 n/a
AR-80 017-480-047-000 OS/(Paseos) 1.16 n/a
AR-81 017-480-022-000 OS/(Paseos) 1.19 n/a
A1-A ROW 6.30 n/a
A2-B ROW 1.07 n/a
A4-A ROW 7.00 n/a
A-7 ROW 0.41 n/a
A9-C ROW 0.13 n/a
IA 1 Totals 105.88 481
Future Annexation Parcels
AR-1 017-470-001-000 LDR 20.16 70 3.47
AR-2 017-470-019-000 LDR 24.71 101 4.09
AR-3 017-470-002-000 LDR 27.26 84 3.08
AR-7 017-470-011-000 LDR 3.12 19 6.09
AR-8 017-470-014-000 LDR 8.44 56 6.64
AR-9 017-470-040-000 LDR 6.26 42 6.71
AR-10 017-470-020-000 MDR 10.53 138 13.11
Prepared by EPS 5/1/2023Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model

Page 2 of 3 ends

Table 1
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
CFD Parcels and Land Uses
Gross
Parcel APN Land Use Lot Size Acres Units Density
AR-14 017-480-005-000 LDR 7.44 50 6.72
AR-15 017-470-036-000 LDR 7.43 49 6.59
AR-16 017-470-034-000 LDR 6.56 45 6.86
AR-17 017-470-031-000 LDR 3.62 24 6.63
AR-18 017-470-030-000 LDR 5.11 33 6.46
AR-19 017-470-028-000 HDR 9.33 230 24.65
AR-23 017-470-033-000 LDR 2.75 19 6.91
AR-27 017-480-015-000 LDR 2.40 15 6.25
AR-28 017-470-027-000 MDR 10.17 129 12.68
AR-31 017-480-016-000 LDR 4.40 27 6.14
AR-36 017-480-042-000 HDR 7.54 113 14.99
AR-38 017-470-023-000 HDR 15.07 380 25.22
AR-39 017-470-025-000 MDR 7.81 66 8.45
AR-40 017-470-024-000 LDR 14.42 81 5.62
AR-42 017-480-037-000 MDR 7.53 76 10.09
AR-43 017-480-036-000 LDR 12.12 82 6.77
AR-44 017-480-040-000 HDR 5.91 150 25.38
AR-45 017-480-041-000 MDR 7.98 94 11.78
AR-46 017-470-013-000 LDR 2.38 13 5.46
AR-50 017-470-037-000 PQP 9.59 n/a
AR-51 017-480-044-000 CC-VC 14.15 91 6.43
AR-52 017-480-043-000 CC-VC 12.97 68 5.24
AR-53 017-470-022-000 CC 23.71 n/a
AR-54 017-480-039-000 PQP 2.95 n/a
AR-55 017-480-035-000 PQP 1.46 n/a
AR-56 017-470-004-000 PQP 0.28 n/a
AR-57 017-480-027-000 PQP 0.85 n/a
AR-58 017-480-056-000 PQP 1.35 n/a
AR-59 017-480-057-000 PQP 0.65 n/a
AR-60 017-470-003-000 Park 1.28 n/a
AR-61 017-470-012-000 Park 1.87 n/a
AR-62 017-470-021-000 Park 10.34 n/a
AR-63 017-480-028-000 Park 1.71 n/a
AR-64B
Por. 017-480-014-
000 Park 1.92 n/a
AR-66 017-480-020-000 Park 2.86 n/a
AR-67 017-470-026-000 Park 2.02 n/a
AR-70 017-470-005-000 OS/(Paseos) 0.57 n/a
AR-72B
Por. 017-480-048-
000 OS/(Paseos) 0.34 n/a
AR-73 017-470-035-000 OS/(Paseos) 0.97 n/a
AR-74 017-470-041-000 OS/(Paseos) 0.59 n/a
AR-76 017-470-032-000 OS/(Paseos) 0.33 n/a
AR-77 017-470-029-000 OS/(Paseos) 0.94 n/a
Prepared by EPS 5/1/2023Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model

Page 3 of 3 ends

Table 1
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
CFD Parcels and Land Uses
Gross
Parcel APN Land Use Lot Size Acres Units Density
AR-78 017-470-038-000 OS/(Paseos) 0.49 n/a
AR-90 017-470-009-000 OS 3.81 n/a
AR-91 017-470-007-000 OS 4.16 n/a
AR-92 017-480-025-000 OS 28.70 n/a
AR-93 017-480-024-000 OS 3.10 n/a
AR-94 017-470-016-000 OS 2.30 n/a
AR-95 017-480-032-000 OS 2.71 n/a
AR-96 017-480-052-000 OS 2.29 n/a
AR-97 017-480-033-000 OS 41.68 n/a
AR-98
017-470-010-000,
017-470-046-000 OS 7.94 n/a
AR-99 017-470-008-000 OS 0.50 n/a
AR-100 017-470-006-000 OS 1.22 n/a
AR-101 017-470-015-000 OS 0.96 n/a
AR-102 017-470-017-000 OS/(Paseos) 0.64 n/a
AR-103 017-470-039-000 OS/(Paseos) 0.68 n/a
AR-104 017-470-018-000 OS/(Paseos) 0.85 n/a
AR-105 017-480-026-000 OS 38.19 n/a
AR-106 017-480-029-000 OS 0.66 n/a
AR-107 017-480-017-000 OS 0.36 n/a
AR-108 017-480-038-000 OS 0.62 n/a
AR-109 017-480-055-000 OS 0.77 n/a
AR-111 017-480-054-000 OS 0.19 n/a
AR-112 017-480-053-000 OS 1.05 n/a
AR-113 017-480-034-000 OS 1.84 n/a
AR-114 017-480-051-000 OS 0.55 n/a
AR-115 017-480-050-000 OS 0.73 n/a
AR-116 017-480-049-000 OS 0.26 n/a
Westbrook Blvd 19.54 n/a
NAPOTS 50.58 n/a
Roads 32.01 n/a
AR-110 20.00 1
Future Annexation Totals 603.53 2,346
709.41 2,827
"land_use"
Source: Amoruso Ranch Specific Plan
Prepared by EPS 5/1/2023Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 8
Authorized Facilities and
Estimated Facility Costs
This chapter describes the authorized facilities eligible to be financed or otherwise funded through the IA No. 1 with the proceeds of IA No. 1 bonds and pay-as-yougo costs from special taxes levied under the IA No. 1.

A u t ho r i z e d F a c i l i t i e s o f t h e I A N o . 1 The IA No. 1 is authorized to fund certain facilities required to serve the Project.

Authorized facilities are identified in the List of Authorized Facilities (Exhibit B of this report). Authorized facilities are briefly discussed below.

Transportation Improvements
Public roadway improvements designed to meet the needs of the project, including those improvements identified in the project Development Agreement (DA), including but not limited to:
• Westbrook Boulevard.
• West Sunset Boulevard.

Eligible roadway improvements include the following items: acquisition of land and easements; roadway design; project management; geotechnical engineering, testing and observations; bridge crossings and culverts; clearing, grubbing, and demolition; grading, intract subdivision roadway improvements, soil import/export, paving (including slurry seal), and decorative/enhanced pavement concrete or pavers; power pole relocations; joint trenches, underground utilities, and undergrounding of existing utilities; dry utilities and appurtenances; curbs, gutters, sidewalks, bike trails (including on- and off-site), park and ride facilities, bus rapid transit improvements, including transfer stations and regional public transit improvements; retaining walls, sound walls, 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; bus shelters; 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, dry utilities, and storm drainage system improvements.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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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 potable and non-potable mains, valves, services, and appurtenances; wells; and water treatment and storage facilities, and related improvements, including but not limited to: 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, sanitary sewer, and water service; landscaping and irrigation; access gates and fencing; striping and signage; and the following:
• Water lines in/associated with authorized facility roads. • Recycled water lines in/associated with authorized facility roads. • Well construction or financial contributions thereto. • Water Tank Site Improvements.
• Recycled Water Storage Tank Facility or financial contributions thereto.

Drainage System Improvements
Authorized facilities include any and all on- and off-site backbone drainage and storm drainage improvements designed to meet the needs of development of the project. These facilities include 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; striping and signage; and the following:
• All storm drain lines and facilities in/associated with authorized facility roadways.
• Retention, detention, hydro-modification, and other drainage facilities.

Wastewater System Improvements
Authorized facilities include any and all on- and off-site backbone wastewater facilities designed to meet the needs of development of the project. These facilities include pipelines and all appurtenances thereto; manholes; tie-in to existing main line; force mains; lift stations; storage tanks; odor-control facilities; sewer treatment plant improvements and permitting related thereto; and related sewer system improvements, including but not limited to:
• All wastewater facilities in/associated with authorized facility roadways. • Sewer pump station/lift station.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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Park, Landscape Corridor, and Paseo Improvements
Authorized facilities include any and all improvements to parks, landscape corridors and paseos located in the project, including but not limited to:
• Construction of Park Sites.
• Construction of Paseos.
• Construction of Trails.

Open Space Improvements
Authorized facilities include any and all open space improvements designed to meet the needs of development of the project, including bike trails, bike/pedestrian bridges, storm drain crossings, storm drain detention/retention, wetland mitigation, tree mitigation, on-and off-site hawk/raptor mitigation, agricultural mitigation or other environmental mitigation, property acquisition, endowment payments/PCA fees for open space management monitoring, landscaping and irrigation, access gates and fencing, and related open space improvements, including but not limited to:
• Improvements related to all Preserved and General Open Space Parcels. • Wetland creation mitigation monitoring, fencing, etc.

Authorized facilities also shall include costs related to the off-site electric substation site; site clearing; grading; street frontage improvements, including curbs, gutters, and paving; and construction of an all-weather access road to the site from the nearest public street or extension of temporary overhead lines as described in the project DA, including but not limited to:
• Electric Substation improvements.

Other Public Facilities
Authorized facilities include any and all public facilities or infrastructure, including the project’s improvements to the fire station site, site clearing, grading, and street frontage improvements including curbs, gutters, and paving.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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Development Impact Fees
Authorized facilities include development impact fees paid and not otherwise reimbursed, whether standard City or County fees levied at the time of the issuance of a building permit or required as part of the DA for the property. Fees include, but are not limited to, City Traffic Fees, Placer Conservation Authority (PCA) Fee, the South Placer Regional Transportation Authority Tier II Traffic Fee, City of Roseville City Wide Park Fee, City of Roseville Public Facilities Fee, Pre-paid DA Fees, and Public Benefit Fee.

Formation, Administrative, and Incidental Expenses
In addition to the above facilities, other expenses incidental to the above and authorized by the Mello-Roos Community Facilities Act of 1982, including but not limited to the cost of planning, permitting, and designing the facilities (including the cost of environmental evaluation, orthophotography, environmental remediation/mitigation monitoring, and preparation of an overarching Operation and Maintenance Plan for the City of Roseville Open Space Preserves); land acquisition and easement payments for the facilities; project management; construction staking; engineering studies and reports; utility relocation and demolition costs incidental to construction of the facilities, wetland/Species mitigation purchase; reimbursements to other areas for infrastructure facilities or planning serving development in the IA No. 1; Amoruso Ranch Specific Plan planning, legal, engineering, technical studies costs related to the facilities and any other expenses incidental to the construction, completion, and inspection of the facilities.

In addition, costs eligible to be financed by the IA No. 1 shall include all costs associated with the formation and ongoing administration of the IA No.1 and issuance of bonds; determination of the amount of taxes and collection of taxes; inspection, plan check and other costs related to acceptance of the facilities by the City, payment of taxes; and any other costs incurred to carry out the authorized purposes of the IA No. 1.

A u t ho r i z e d S e r v i c e s
The authorized services to be funded from the levy and collection of annual maintenance special taxes are the provision of public services, maintenance and operation related to any facilities authorized to be funded by the IA No. 1 with a useful life of five or more years, including but not limited to performance by employees of functions and repair activities. Maintenance as used herein includes replacement and the creation and funding of a reserve fund to pay for a replacement of such facilities. The maintenance special taxes shall only fund authorized services to the extent that they are in addition to those provided to land within the IA No. 1 prior to the creation of the IA No. 1.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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A u t ho r i z e d F a c i l i t i e s E s t im a t e d C o s t s The developer is about to begin construction of infrastructure with costs estimated to be approximately $58.3 million, as illustrated in Table 2. Costs are shown in 2023 dollars.

In the future, properties included in the CFD annexation area may annex into this IA No. 1. If those annexations occur, the developer will seek to fund additional backbone infrastructure through the issuance of one or more series of IA No. 1 bond sales. As is often the case, during buildout of the Project, the developer anticipates being required to construct more backbone infrastructure than would be able to be entirely reimbursed through IA No. 1 bond proceeds.

Development Impact Fee Deferrals
In addition to backbone infrastructure, the IA No. 1 is authorized to fund deferred impact fees. Through the DA, including any amendments thereto, the developer is entitled to defer certain impact fees. Fees eligible for deferral include the South Placer Regional Transportation Authority (SPRTA) Tier II Traffic Fees. In addition to those fees identified in the DA, authorized facilities also includes the ability to pay the Roseville City School District Fee. As described in more detail later in this report, repayment of impact fee deferrals will follow reimbursement for eligible backbone infrastructure.

Table 2
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Authorized Facilities Costs (2023 $s)
Item Cost (2023 $s)
Westbrook Boulevard $5,293,678
Backbone Infrastructure $11,651,729
Sewer Pump Station $5,063,620
Intracts ($35K per lot) $16,835,000
Contingency (15%) $5,826,604
Soft Costs
Engineering Staking (10%) $4,467,064
Fees/Bonds/etc. (10%) $4,467,064
Prepaid DA Fees $4,671,437
Totals $58,276,196
"costs"
Source: Brookfield Construction Budget (February 28, 2022) Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 14
IA No. 1 Bond Authorization and
Maximum Annual Special Tax
This chapter will discuss the maximum IA No. 1 bond authorization and maximum annual special taxes as proposed by the developer for each taxable land use type.

The CFD will have special taxes for the funding of authorized facilities. This annual facilities special tax will be transitioned to an annual maintenance special tax to fund authorized services of the IA No. 1 when authorized facilities obligations of the IA No. 1 have been fulfilled. These special tax programs will be discussed further in Chapter 5 of this report.

C FD B o nd A u t h o r i z a t i o n a nd F u nd i ng
S t r a t e g y
The DA authorized the use of the IA No. 1 to fund authorized facilities of the IA No. 1 and outlined a basic structure for the CFD.

The DA identified the following sources of potential funding for authorized facilities of the IA No. 1:
• IA No. 1 Bonds.
• IA No. 1 Pay-As-You-Go.
• Owner Equity/Private Financing.

Each funding source is discussed below.

Maximum IA No. 1 Bond Authorization
The IA No. 1 is authorized to issue up to $124 million in bonds. The property owner is anticipated to ask the City to sell the first series of bonds during the 2023-24 fiscal year. Depending on market conditions and the structure of the first series of IA No. 1 bonds, subsequent series of CFD bonds may be issued in multiple sales following the first IA No. 1 bond sale.

IA No. 1 Pay-As-You-Go
Special taxes levied and not needed to fund IA No. 1 bond debt service or City administration of the IA No. 1 may be used for pay-as-you-go expenditures for authorized IA No. 1 facilities not reimbursed with IA No. 1 bond proceeds. As memorialized in the DA, the City has agreed to provide pay-as-you-go funding to the developer for the first 30 years of the IA No. 1.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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Following developer use of IA No. 1 pay-as-you-go revenues, the City reserves the right to continue the special tax levy to pay the development impact fee deferral on a pay-as-you-go basis. The City also has discretion to reimburse deferred fees through an IA No. 1 bond sale in addition to pay-as-you-go revenues.

Owner Equity/Private Financing
To the extent there are any shortfalls in the funding sources for authorized facilities, owner equity or private financing will be used to fund construction of such facilities.

M a x im um A n n u a l Sp e c i a l T a x
A facilities special tax will be assigned to taxable parcels at formation of the IA No. 1. This facilities special tax initially will be used to fund the costs of authorized facilities (as defined in the previous chapter). Once all special tax obligations to fund facilities have been completed, the maintenance special tax will be assigned to taxable parcels for the City’s use for long-term repair and replacement of authorized facilities. The IA No. 1 RMA includes the following two special taxes:
• Facilities Special Tax.
• Maintenance Special Tax.

The facilities special tax will be assigned and collected before the “transition event” for the special tax programs. Following the transition event, the facilities special tax will no longer be assigned to taxable parcels and will be replaced by the maintenance special tax. The transition event is discussed in detail in the following chapter.

Each special tax program is discussed below.

Facilities Special Tax
The developer provided the City with recommended maximum annual special taxes for various land use categories, based on market conditions and the range of maximum annual special tax rates in neighboring City areas. Table 3, which is Attachment 2 of the RMA, shows the maximum annual special tax rates for the following tax categories:
• LDR.
• MDR.
• Medium-density affordable—middle.
• HDR.
• High-density affordable—low.
• High-density affordable—very low.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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• Nonresidential.

Table 3 shows the maximum annual special tax per tax category in the base year of Fiscal Year (FY) 2023-24. There are two maximum annual special tax for LDR units—$4,300 and $3,600—based on the large lot parcel assigned to each tax rate. Table 3 identifies the large lot numbers associated with each maximum annual special tax rate for LDR product.

The maximum annual special tax for MDR units is $3,000. The maximum annual special tax for MDR affordable units is $1,500. The maximum annual special tax for HDR uses—whether for sale or for rent—is $0. HDR affordable and very-low affordable units and nonresidential uses are assigned a maximum annual special tax of $0 at IA No. 1 formation. While the special tax is set at $0, the HDR low and very-low and nonresidential land uses were identified at IA No. 1 formation to clarify that if those land uses were to be included in the IA No. 1, their tax rates would be set to $0. Finally, Table 4, which is Attachment 3 of the RMA, shows the maximum annual special tax for each original IA No. 1 parcel in the base year.

Maintenance Special Tax
The maximum maintenance special tax is shown in Table 5 for all tax categories.

The maintenance special tax is set at 50 percent of the maximum facilities special tax in the base year. The maintenance special tax will not be levied at the same time as the facilities special tax and would be assigned only to taxable parcels following the transition event.

O v e r a l l T a x B u rd e n fo r S i n g l e - F am i l y R e s id e n t i a l
The DA and City policies stipulate that the overall tax burden after formation of a IA No. 1 cannot exceed 2 percent of the estimated sales price of a single-family residential home. Estimated sales prices of residential homes were provided by the developer. Table 6 shows the estimated total effective tax rate for prototypical uses in the IA No. 1. The test includes all current ad valorem property taxes, the IA No. 1 special tax, an estimated services CFD special tax, and the City CFD No. 3. Three different residential products are shown in Table 5:
• LDR.
• MDR.

Ad valorem property tax rates were derived from copies of the FY 2022-23 property tax bills. The overall tax burden for single-family residential homes proposed for the IA No. 1 ranges from 1.82 percent to 1.89 percent.

Table 3
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Maximum Annual Facilities Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Before After
Transition Transition
Expected Land Uses (Tax Category) Event Event
[1]
Residential Uses per Unit per Unit
Low Density Residential (LDR) $4,300.00 $0.00
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
Low Density Residential (LDR) $3,600.00 $0.00
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
Medium Density Residential (MDR) $3,000.00 $0.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $1,500.00 $0.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2] per Taxable Acre per Taxable Acre Mixed Use (MU) [2] $0.00 $0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $27,772.37 $0.00
att2
[1] This amount is subject to increase by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Facilities Special Tax per Unit/Taxable Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Table 4
Amoruso Ranch CFD No. 1 (Public Infrastructure)Assigned Maximum Annual Facilities Special Taxes for Original Parcels for the Base Year of FY 2023-24 (Improvement Area No. 1) Large Lot Number [1] Original Parcel(s) Tax Category Acres Planned
Units
Improvement Area No. 1 [2] [3] [2] [3] [2] [3]
Phase 1 (Sub-phase 1A)AR-4 017-480-001-000 LDR 7.21 31 4.30 $4,300 $0 $133,300 AR-5 017-480-003-000 LDR 2.39 10 4.18 $4,300 $0 $43,000 AR-6 017-480-004-000 LDR 5.37 25 4.66 $4,300 $0 $107,500 AR-11 017-480-023-000 LDR 8.24 38 4.61 $4,300 $0 $163,400AR-12 017-480-007-000 LDR 3.13 16 5.11 $3,600 $0 $57,600 AR-13 017-480-006-000 LDR 5.39 30 5.57 $3,600 $0 $108,000 AR-21 017-480-009-000 MDR 2.05 15 7.32 $3,000 $0 $45,000 AR-22 017-480-010-000 LDR 6.05 32 5.29 $3,600 $0 $115,200 AR-24 017-480-030-000 LDR 2.50 12 4.80 $3,600 $0 $43,200 AR-25 017-480-011-000 MDR 5.29 38 7.18 $3,000 $0 $114,000 AR-26 017-480-012-000 LDR 9.26 48 5.18 $3,600 $0 $172,800 AR-30 017-480-013-000 LDR 2.89 13 4.50 $3,600 $0 $46,800 AR-32 017-480-046-000 MDR 7.78 58 7.46 $3,000 $0 $174,000 AR-33 017-480-045-000 MDR 5.14 42 8.17 $3,000 $0 $126,000AR-34 017-480-021-000 LDR 3.21 14 4.36 $4,300 $0 $60,200 AR-35 017-480-019-000 LDR 4.82 20 4.15 $4,300 $0 $86,000AR-37 017-480-031-000 MDR 4.96 39 7.86 $3,000 $0 $117,000 AR-64A Por. 017-480-014-000 Park 0.74 n/a n/a $0 $0 $0
AR-71 017-480-002-000 OS/(Paseos) 0.33 n/a n/a $0 $0 $0 AR-72A Por. 017-480-048-000 OS/(Paseos) 0.64 n/a n/a $0 $0 $0AR-75 017-480-008-000 OS/(Paseos) 0.84 n/a n/a $0 $0 $0AR-79 017-480-018-000 OS/(Paseos) 0.39 n/a n/a $0 $0 $0AR-80 017-480-047-000 OS/(Paseos) 1.16 n/a n/a $0 $0 $0AR-81 017-480-022-000 OS/(Paseos) 1.19 n/a n/a $0 $0 $0A1-A ROW 6.30 n/a n/a $0 $0 $0 A2-B ROW 1.07 n/a n/a $0 $0 $0
A4-A ROW 7.00 n/a n/a $0 $0 $0
A-7 ROW 0.41 n/a n/a $0 $0 $0
A9-C ROW 0.13 n/a n/a $0 $0 $0
Totals 105.88 481 $1,713,000
att3
[1] Indicates village identifier assigned by City in the Amoruso Ranch Specific Plan.[2] This amount may be increased by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.[3] If amended to include Annexation Parcels, the Maximum Annual Special Tax for Annexation Parcels would also be subject to the Tax Escalation Factor.

Assigned
Maximum Annual
Facilities Special
Tax per Unit
Assigned
Maximum Annual
Facilities Special
Tax per Taxable
Acre
Assigned
Maximum Facilities
Special Tax per
Village
Expected Land Uses
Planned
Units per
Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Table 5
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
Maximum Annual Maintenance Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Before After
Transition Transition
Expected Land Uses (Tax Category) Event Event
[1] [1]
Residential Uses per Unit per Unit
Low Density Residential (LDR) $0.00 $2,150.00
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
Low Density Residential (LDR) $0.00 $1,800.00
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
Medium Density Residential (MDR) $0.00 $1,500.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $0.00 $750.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2] per Taxable Acre
Mixed Use (MU) [2] $0.00 $0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $0.00 $0.00
att4
[1] This amount is subject to increase by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Maintenance Special Tax per Unit/Taxable Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Table 6
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Overall Tax Burden
Item Assumption LDR LDR MDR
Estimated Home Price [1] $675,000 $601,667 $468,750
Homeowner's Exemption ($7,000) ($7,000) ($7,000)
Estimated Assessed Value $668,000 $594,667 $461,750
Ad Valorem Property Taxes (TRA 005-073) [2] FY 2022/23
General Ad Valorem 1.00000% $6,680 $5,947 $4,618
Sierra College SFID #4 GO Bonds 0.01860% $124 $111 $86
Roseville City ESD GO Bonds 0.00913% $61 $54 $42
Roseville JUHSD GO Bonds 0.06841% $457 $407 $316
Subtotal Ad Valorem Property Taxes 1.09614% $7,322 $6,518 $5,061 Direct Charges and Assessments
City of Roseville CFD No. 1 (Public Facilities) $4,300 $3,600 $3,000 City of Roseville CFD No. 2 (Public Services) [3] $436 $436 $436 City of Roseville CFD No. 3 (Municipal Services) [4] $377 $377 $377 Placer Mosquito & Vector Control $6 $6 $6
Subtotal Direct Charges and Assessments $5,118 $4,418 $3,818 Total Ad Valorem Property Taxes and Direct Charges $12,440 $10,936 $8,880 Overall Tax Burden 1.84% 1.82% 1.89%
2 percent
Source: County of Placer; City of Roseville; EPS.
[1] Pricing provided by D.R. Horton.
[2] Ad Valorem tax rates based on FY 2022-23.
[3] Proposed maximum annual special tax rates for Amoruso Ranch CFD No. 2.. [4] Based on CFD No. 3 as identified in the project Development Agreement.

Residential
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 21
Structure of the IA No. 1
D e s c r ip t i o n o f t h e I A N o . 1
The IA No. 1 is being formed to fund backbone infrastructure and other facilities, both local and regional, that will serve the Project. The attached exhibits are documents contained in the Resolution of Formation (ROF). Exhibit A is the IA No. 1 RMA. Exhibit B is the List of Authorized Facilities and Services. Through the transition of the facilities special tax to the maintenance special tax, the IA No. 1 also may fund long-term repair and replacement of authorized facilities once IA No. 1 bonds have been defeased and other obligations of the IA No. 1 for authorized facilities have been fulfilled. Once these facilities special tax obligations have been fulfilled, the City has the discretion to levy the maintenance special tax to help fund long-term repair and replacement of such facilities.

T h e I A N o . 1 F u nd i n g P ro g r am
The IA No. 1 will be authorized to levy and collect the special tax to pay all annual costs of the IA No. 1, including funding for authorized facilities not funded through IA No. 1 bond proceeds, which is anticipated to be paid on a pay-as-you-go basis, during the first 30 years of the special tax levy.

The IA No. 1 will be authorized to levy and collect the special tax to pay all annual maintenance costs of the IA No. 1 following the transition event.

T r a n s i t i o n E v e n t f o r S p e c i a l T a x e s The special taxes for the IA No. 1 are intended to first fund authorized facilities of the IA No. 1 and then fund authorized services of the IA NO. 1. As described below, the facilities special tax shall be effective during an initial bonding period and thereafter during a deferral bonding period. The idea is that the facilities special tax may be levied to fund authorized facilities and to repay any deferred impact fees. The full estimated term of the deferred bonding period may not be required if deferred development impact fees are funded through special tax revenues on a pay-as-you-go basis.

Once all obligations to fund authorized facilities have been satisfied, the facilities special tax will “transition” to a maintenance special tax to fund long-term repair and replacement costs for authorized facilities. The Transition Event from the levy of the annual facilities special tax to the maintenance special tax is discussed in further detail below.

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D e t e rm i n i ng t h e M a x im um A n n u a l
S p e c i a l T a x
As stated in the previous chapter, the maximum annual special tax rates for the various tax categories were provided by the developer and based, in part, on maximum annual special tax rates for other neighboring City areas. The maximum annual special tax rates are designed to be competitive with other residential development projects in south Placer County. Table 3 shows the maximum annual special tax rates by tax category for the facilities special tax.

Table 5 shows the maximum annual special tax rates by tax category for the maintenance special tax.

B a s e Y e a r
The base year is FY 2023-24. A base year is defined in the RMA as a means of defining the special tax base in a given fiscal year that is allowed to increase by a given factor over a period of time.

A n n u a l T a x E s c a l a t i o n F a c t o r
The administrator shall increase the maximum annual facilities special tax, the maximum annual maintenance special tax, and the related maximum annual special tax rates by the tax escalation factor in all fiscal years following the base year, up to the Transition Event. After the Transition Event, the maximum annual maintenance special tax may be increased up to 2 percent annually at the City’s discretion.

D u r a t i o n o f t h e Sp e c i a l T a x
The facilities special tax will be levied and collected until the earlier of (1) the transition year or (2) FY 2088-89. The maintenance special tax may be levied and collected in perpetuity beginning with the transition year and in each year thereafter at the discretion of the City. The maintenance special tax will be levied and collected beginning in the transition year.

For parcels in the Future Annexation Area annexed into an Improvement Area other than IA No. 1, the facilities special tax will be levied and collected until the earlier of (1) the transition year or (2) 65 fiscal years following the first full fiscal year after the date of creation of such Improvement Area.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
Economic & Planning Systems, Inc. (EPS) 23
D e f i n i t i o n o f I n i t i a l B o nd i ng P e r i od Because the IA No. 1 includes payment of deferred development impact fees, the IA No. 1 RMA distinguishes between the initial bonding period during which authorized facilities may be financed and the subsequent period where development impact fees may be reimbursed. As defined in the RMA, the Initial Bond Period is “the period in which Bonds are outstanding which financed Authorized Facilities costs or refunded prior Bonds other than the Development Impact Fee Deferral.” Each Improvement Area of the IA No. 1 will have its own Initial Bonding Period.

D e f i n i t i o n o f A n n u a l F a c i l i t i e s C o s t s The maximum annual facilities special tax established under the RMA is the maximum exposure to an annual facilities special tax levy for a given parcel of land. The actual amount of the levy is derived through determining the “annual facilities costs” of the IA No. 1. The RMA describes the annual facilities costs components in detail. Each item is discussed briefly below.

Debt Service
Debt service is that portion of the maximum annual special tax required to pay a parcel’s share of the debt service. The proposed financing structure of the IA No. 1 anticipates that one or more series of IA No. 1 bonds may be issued.

Amount Needed to Replenish Reserve Fund
In the event the reserve fund is drawn on to pay debt service or expenses of the IA NO. 1, a facilities special tax may be levied to replenish the bond reserve fund to required funding levels. A facilities special tax should be levied once for each draw on the bond reserve fund, to the extent the bond reserve fund can be brought back to required funding levels with just one such levy. If for any reason the bond reserve fund remains underfunded in a fiscal year following the fiscal year in which facilities special taxes were levied to replenish it, a second facilities special tax levy should not be required to replenish the bond reserve fund.

Administrative Expenses
Administrative expenses of the IA No. 1 are the reasonable costs of administering the IA No. 1 each fiscal year. Examples of administrative expenses are costs of computing facilities special taxes and preparing annual facilities special taxes collection schedules; costs of collecting the facilities special taxes; costs of remitting the facilities special taxes to the Trustee; costs of the Trustee (including its legal counsel) in the discharge of the duties required of it under the Bond Indenture; costs to the City, IA No. 1, or their designees of complying with Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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arbitrage rebate requirements; costs complying with the City, IA No. 1, or obligated persons disclosure requirements; costs associated with preparing special taxes disclosure statements; costs incurred in responding to public inquiries regarding the facilities special taxes; costs related to any appeal of the facilities special taxes; and amounts estimated to be advanced or advanced by the City for any other administrative purposes, including attorney’s fees and other costs related to collection of the facilities special taxes and commencing and pursuing to completion any foreclosure for delinquent special taxes.

Amounts for Unpaid Facilities Special Taxes and Anticipated Delinquencies
The RMA allows for the levy of a facilities special tax to fund costs of unpaid facilities special taxes from a previous fiscal year or to fund anticipated facilities special tax delinquencies that may occur in the current fiscal year for which facilities special taxes are being levied. To the extent an amount is levied for a past delinquency, a second facilities special tax levy should not be levied for a facilities special tax delinquency that has already been accounted for in a previous year facilities special tax levy.

Generally, facilities special taxes eventually are brought current, either through payment by a property owner or through judicial foreclosure proceedings. When facilities special tax installments are paid current, the amount needed to fund debt service and IA No. 1 administration will have been collected for previous years, including additional amounts that were needed only to cover delinquencies that are now current. As such, these additional amounts should be considered available by the IA No. 1 to fund annual facilities costs in the following fiscal year.

Authorized Facilities Funded on a Pay-As-You-Go Basis
During the first 30 years, the DA entitles the developer to use pay-as-you-go revenues to fund authorized facilities. As such, facilities special tax revenues not needed to pay debt service during the first 30 years of the facilities special tax levy may be used to fund authorized IA No. 1 costs not otherwise funded with IA No. 1 bond proceeds.

Development Impact Fee Deferrals
As stated earlier, the DA entitles the developer to defer certain development impact fees identified in the DA, which may be amended from time to time.

Eligible fees include the SPRTA Tier II Traffic Fee and school district fees. To preserve the City’s ability to reimburse any deferred fees, each series of IA No. 1 bonds that may be issued will be structured based on the revenues pledged toward that bond sale without consideration of wrapping debt service around a previous IA No. 1 bond sale. The concept generally is that once a taxable parcel has been taxed as a developed parcel for 30 years and that tax was used to pay Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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debt service on a series of IA No. 1 bonds, the future facilities special tax levy on that parcel should be available for the City to reimburse deferred impact fees for that parcel.

By way of a simple example, assume an initial IA No. 1 bond sale (Series A bonds) was sized (in IA No. 1 year 1) assuming maximum annual facilities special tax revenue from 400 units, even though all 400 units were not considered developed parcels at the time of the IA No. 1 bond sale. If a second series of IA No. 1 bonds were being issued in year 4 (Series B bonds) based on another project phase with 300 dwelling units, the IA No. 1 Series B bond sizing would not count on IA No. 1 facilities special tax revenues from any of the first 400 units in years 31, 32, and 33 when facilities special tax revenues from those first 400 units would no longer be needed to service outstanding bond debt for the Series A bonds. In this example, facilities special tax revenues from the first 400 units, beginning in Year 31, would be available to reimburse for deferred impact fees for those first 400 units.

Earnings on Reserve Funds, Special Tax Funds, and Other Funds All interest earnings on bond reserve funds, facilities special tax funds, or other funds should be used to offset annual costs when determining the amount required for the annual facilities special tax levy.

T r a n s i t i o n E v e n t a nd M a i n t e n a n c e S p e c i a l T a x e s
Following the initial bonding period for IA No. 1, and when the administrator determines that the development impact fee deferral has been repaid in full, or beginning FY 2089-90 (whichever occurs first), the administrator will determine that the Transition Event has occurred. In the fiscal year following the Transition Event, the City shall no longer levy and collect the facilities special tax and will in turn begin the levy and collection of the maintenance special tax to fund the costs of authorized services, as defined in a previous chapter.

The Transition Event will be established separately for future Improvement Areas of the IA No. 1.

D e f i n i t i o n o f A n n u a l M a i n t e n a n c e C o s t s The maximum annual maintenance special tax established under the RMA is the maximum exposure to an annual maintenance special tax levy for a given parcel of land. The actual amount of the levy is derived through determining the annual maintenance costs of the IA No. 1. The RMA identifies the annual maintenance costs components as these:

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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a. Authorized services costs to be paid from maintenance special taxes. b. Administrative expenses for such fiscal year.
c. The amount needed (1) to cure any delinquencies in the payment of the maintenance special tax in the prior fiscal year, to the extent not otherwise included in a computation of annual maintenance costs in the current or any previous fiscal year and (2) to fund any foreseeable deficiency in the payment of the maintenance special tax for that fiscal year, which is expected to occur in such fiscal year, to the extent not included in a computation of annual maintenance costs in the current or any previous fiscal year. d. Less any available earnings on any reserve fund, maintenance special tax funds, or any other available revenues of the IA No. 1 or the City that may be used to fund annual maintenance costs.

A s s ig nm e n t o f M a x im um A n n u a l S p e c i a l T a x
Sections 4 and 5 of the RMA describe in detail the precise method for assigning the maximum annual facilities special tax, maximum annual maintenance special tax, and maximum annual special tax to parcels in the IA No. 1. The RMA assigns a total maximum annual special tax to taxable parcels based on parcel configurations at the time of formation of the IA No. 1 and then as subdivision maps are recorded. Original parcels are those parcel configurations when the IA No. 1 is formed. Successor parcels are created as large lot subdivision maps are recorded, and then small lot final maps are recorded, defining individual buildable residential lots.

Original Parcels
Original parcels are assigned a maximum annual facilities special tax using Attachment 3 of the RMA. Attachment 3 (Table 4 of this document) shows the total maximum facilities annual special tax and maximum annual facilities special tax per unit or per acre for each of the 5 original parcels.

Attachment 4 of the RMA (Table 5 of this document) shows the assigned maximum annual maintenance special tax, before and after the Transition Event, for all tax categories.

Successor Parcels
Successor parcels are created when original parcels are subdivided by the recording of large lot subdivision maps or other parcel reconfigurations, such as through a lot line adjustment, and further subdivided into buildable residential lots. The RMA provides specific detail and definitions used in allocating the Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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maximum annual facilities special tax to parcels in their final use, whether as residential or nonresidential parcels.

Attachment 3 (Table 4 of this document) shows the maximum annual facilities special tax for planned large lot parcels. Each large lot is assigned one tax category, the number of planned residential units, and a maximum annual facilities special tax per unit or per acre. The maximum annual facilities special tax for a large lot parcel is the sum of the number of units in the tax category multiplied by the maximum annual facilities special tax for the tax category.

If fewer units are realized at recordation of a final map defining buildable lots than shown in Table 4, the maximum annual facilities special tax for the large lot parcel is divided by the actual number of residential units created by the final map to determine the maximum annual facilities special tax per unit. If more residential units are created by a final map than shown in Table 4, the maximum annual facilities special tax per unit is that amount shown in Table 4.

The RMA is structured to ensure that the maximum annual facilities special tax for a large lot is not reduced over time by anticipated development of each large lot.

The facilities special tax revenue for large lot parcels may increase if higher densities are realized over time.

Maximum annual maintenance special taxes are identified for tax categories in Attachment 4 (Table 5 of this document).

Annexation Parcels
Parcels are anticipated to be annexed into CFD in the future. Future annexation parcels will be annexed into new Improvement Areas. There may be future annexations into IA No. 1 using existing tax rates.

If parcels are annexed into the IA No. 1 after formation, the maximum annual facilities special tax, maximum annual maintenance special tax, and maximum annual special tax will be assigned to these annexation parcels using the definitions in Section 2 of the RMA and the maximum annual facilities special tax per unit or per acre shown in Attachment 2 of the RMA (Table 3 of this document) as adjusted by the tax escalation factor applied by the administrator, unless the annexation parcels are annexed with a new set of maximum annual facilities special taxes. Attachment 3 (Table 4) will be amended, or a new attachment created, to include the annexation parcels and, if necessary, the applicable tax rates. If new maximum annual facilities special taxes are created, Attachments 2 and 3 should be amended to reflect the maximum annual facilities special taxes for the annexation parcels. Once annexed, these annexed parcels will be considered original and successor parcels and will be subject to the same procedures for assignment of the maximum annual facilities special tax to successor parcels described in Section 4.d of the RMA. The owner of the annexation parcels will be responsible for paying all costs associated with Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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annexing the annexation parcels into the IA No. 1 but otherwise will not be required to pay any other charge, fee, or catch-up special tax in connection with or as a condition of such annexation, unless otherwise agreed to by the owner of the annexation parcel in connection with the annexation.

Maximum annual maintenance special taxes are identified for tax categories in Attachment 4 (Table 5 of this document).

A f f o rd a b l e U n i t s
The RMA recognizes affordable housing units may be built in the IA No. 1.

Affordable high-density units are assigned zero tax rates for facilities taxes and maintenance taxes. Affordable medium-density units are assigned lower maximum annual special tax rates than market-rate units. Section 4.d of the RMA discusses the assignment of the maximum annual special tax to residential lots and to those residential lots anticipated to include affordable units.

T r a n s f e r o f t h e A s s ig n e d M a x im um
A n n u a l F a c i l i t i e s Sp e c i a l T a x
The City may, in its sole discretion, allow for a transfer of the maximum annual facilities special tax from one large lot parcel to another. Such a transfer will be allowed only if (1) all adjustments are agreed to in writing by the affected property owners and the Finance Director and (2) there is no reduction in the IA NO. 1 maximum annual facilities special tax revenues as a result of the transfer.

Provisions for such a transfer are discussed in Section 4.f of the RMA.

C o n v e r s i o n o f a T a x -E x em p t P a r c e l to a T a x ab l e P a r c e l
If a tax-exempt parcel is not needed for public use or other nontaxable use and is converted to a taxable use or transferred to a private owner, it will become subject to the special tax. The maximum annual special tax for the newly assigned tax category for such a parcel is determined using the provisions of Sections 4 and 5 of the RMA.

T a x ab l e P a r c e l s A cq u i r e d b y a P u b l i c A g e n c y
A taxable parcel that is acquired by a public agency after the IA No. 1 is formed will remain subject to the applicable special tax unless the special tax obligation is satisfied pursuant to Section 53317.5 of the Government Code. An exception to Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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this may be made if a public parcel, such as a school site, is relocated to a taxable parcel, in which case, the previously tax-exempt parcel of comparable acreage becomes a taxable parcel and the maximum annual special tax from the previously taxable parcel is transferred to the new taxable parcel. This trading of a parcel from a taxable parcel to a public parcel will be permitted to the extent there is no net loss in maximum IA No. 1 special tax revenue and the transfer is agreed to by the owners of the parcels involved in the transfer and the Finance Director.

D e t e rm i n a t i o n o f P a r c e l s S ub j e c t t o S p e c i a l T a x
By June 30 of each fiscal year, using the definitions in Section 2 of the RMA, the parcel records of the Assessor’s Secured Tax Roll as of January 1, and other City development approval records, the Administrator will cause:

1. Each parcel to be classified as a taxable parcel or a tax-exempt parcel.

2. Each parcel to be classified as a developed parcel, a small lot tentative map parcel, a large lot parcel (including remainder parcels), or an undeveloped parcel.

S e t t i ng t h e F a c i l i t i e s Sp e c i a l T a x L e v y f o r T a x ab l e P a r c e l s
To determine the annual levy, the administrator will use the process presented in Section 7 of the RMA. In general, the provisions of Section 7 describe the following procedures to set the annual facilities special tax levy for each taxable parcel for each Improvement Area separately:
• First, the administrator must compute the annual facilities costs using the definitions in Section 2 of the RMA. Next, the administrator will levy the facilities special tax proportionately on all developed parcels, up to the amount of annual facilities costs or 100 percent of the maximum facilities special tax for developed property, whichever is less.
• If additional revenue is needed for annual facilities costs, the administrator shall levy the facilities special tax proportionately on all small lot tentative map parcels, such that when added to the levy on developed parcels, is up to the amount of annual facilities costs or up to 100 percent of the maximum facilities special tax for small lot tentative map parcels, whichever is less. • If additional revenue is needed for annual facilities costs, the administrator shall levy the facilities special tax proportionately on all large lot parcels, such that when added to the levies on parcels described above, is up to the amount Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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of annual facilities costs or up to 100 percent of the maximum facilities special tax for large lot parcels, whichever is less.
• If additional revenue is needed for annual facilities costs, the administrator shall levy the facilities special tax proportionately on all undeveloped parcels, such that when added to the levies on parcels described above, is up to the amount of annual facilities costs or up to 100 percent of the maximum facilities special tax for large lot parcels, whichever is less.

Once the facilities special tax levy is determined for a fiscal year, the administrator will create the tax schedule to deliver to the County AuditorController.

S e t t i ng t h e M a i n t e n a n c e Sp e c i a l T a x L e v y f o r T a x a b l e P a r c e l s
Beginning in the Transition Year, the administrator will use the process presented in Section 7 of the RMA to set the annual maintenance special tax levy. In general, the provisions of Section 7 describe the following procedures to set the annual maintenance special tax levy for each taxable parcel separately for each Improvement Area:
• First, the administrator must compute the annual maintenance costs using the definitions in Section 2 of the RMA. Next, the administrator will levy the maintenance special tax proportionately on all developed parcels, up to the amount of annual maintenance costs or 100 percent of the maximum maintenance special tax for developed property, whichever is less. • If additional revenue is needed for annual maintenance costs, the administrator shall levy the maintenance special tax proportionately on all small lot tentative map parcels, such that when added to the levy on developed parcels, is up to the amount of annual maintenance costs or up to 100 percent of the maximum maintenance special tax for small lot tentative map parcels, whichever is less.
• If additional revenue is needed for annual maintenance costs, the administrator shall levy the maintenance special tax proportionately on all large lot parcels, such that when added to the levies on parcels described above, is up to the amount of annual maintenance costs or up to 100 percent of the maximum maintenance special tax for large lot parcels, whichever is less.
• If additional revenue is needed for annual maintenance costs, the administrator shall levy the maintenance special tax proportionately on all undeveloped parcels, such that when added to the levies on parcels described above, is up to the amount of annual maintenance costs or up to 100 percent Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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of the maximum maintenance special tax for large lot parcels, whichever is less.

Once the maintenance special tax levy is determined for a fiscal year, the administrator will create the tax schedule to deliver to the County AuditorController.

P r e p a ym e n t o f t h e Sp e c i a l T a x
O b l ig a t i o n
Calculations of a prepayment shall reflect the Improvement Area in which the parcel seeking to prepay resides. A property owner may at any time prepay either 25 percent or 50 percent of the full prepayment, except that the City may allow a partial prepayment of any percentage up to 50 percent of the full prepayment to be made as a “buy down” of the rate for purposes of marketing the property by a builder or developer of land to be sold for residential use. In the event such a builder or developer has prepaid a portion of the facilities special tax, the allowable 25 percent or 50 percent partial prepayment of the facilities special tax that can be made by a subsequent owner shall be reduced by the amount so prepaid by the builder or developer. Full prepayment is permitted only for nonresidential use parcels; full prepayment is not allowable for residential use parcels.

Prepayments must be made in sufficient time to, in the City’s opinion, have the prepayment reflected in the following fiscal year’s special tax levy.

In addition to the above, full or partial prepayment is permitted only under the following conditions:
• The landowner prepaying the facilities special tax on a parcel has paid any delinquent facilities special tax and penalties on that parcel at or before prepayment.
• Following prepayment, amounts in any debt service reserve fund are equal to or greater than the reserve fund requirement.
• The City determines the prepayment will not jeopardize its ability to make timely payments of debt service and maintain a 110 percent annual debt service coverage based on maximum annual special tax revenues in all years in which issued bonds will be outstanding.
• The portion of the prepayment for the development impact fee deferral shall be used only to pay for the development impact fee deferral whether it was or is to be funded through annual special tax payments or through bonded indebtedness.

Amoruso Ranch Community Facilities District No. 1 (Public Facilities) April 2023
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The full and partial prepayment calculations are described in detail in Section 8 of the RMA. Partial prepayments also must account for collection of any development impact fee deferral for a given parcel.

I n t e rp r e t a t i o n , A p p l i c a t i o n , a nd A p p e a l o f Sp e c i a l T a x F o rm u l a a n d P r o c e d u r e s Any taxpayer who feels the amount of the special tax assigned to a parcel is in error may file a notice with the administrator appealing the levy of the special tax.

The administrator then will promptly review the appeal and, if necessary, meet with the applicant. If the administrator verifies that the tax should be modified or changed, the special tax levy will be corrected and, if applicable in any case, a credit or refund will be granted.

Interpretations may be made by the City, without resolution or ordinance of the City Council, for purposes of clarifying any vagueness or ambiguity as it relates to the special tax rate, the method of apportionment, the classification of properties, or any definition applicable to the IA No. 1.

Without City Council approval, the Finance Director may make minor, nonsubstantive administrative and technical changes to the provisions of the RMA that do not materially affect the rate, method of apportionment, or manner of collection of the special tax for purposes of administrative efficiency or convenience or to comply with new applicable federal, state, or local law.

M a n n e r o f C o l l e c t i o n
The special tax will be collected in the same manner and at the same time as ad valorem property taxes. As specified in Section 10 of the RMA, the administrator or their designee may directly bill the special tax and may collect the special tax at a different time, such as on a monthly or other periodic basis, or in a different manner, if necessary, to meet the City’s financial obligations.

EXHIBITS:

Exhibit A: Rate, Method of Apportionment, and
Manner of Collection of Special Tax
Exhibit B: List of Authorized
Facilities and Services
EXHIBIT A:

Rate, Method of Apportionment, and
Manner of Collection of Special Tax
Economic & Planning Systems, Inc. (EPS) A-1

EXHIBIT A
Improvement Area No. 1 of the
City of Roseville
Amoruso Ranch Community Facilities District No. 1
(Public Facilities)
Placer County, State of California

RATE, METHOD OF APPORTIONMENT, AND

MANNER OF COLLECTION OF SPECIAL TAX
1 . B a s i s o f S p e c i a l T a x L e v y
A Special Tax authorized under the Mello-Roos Community Facilities Act of 1982 (Act) applicable to the land in Improvement Area No. 1 of the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) shall be levied and collected according to the tax liability determined by the City through the application of the appropriate amount or rate, as described below.
2 . D e f i n i t i o n s
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on an Assessor’s Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map or other Development Plan. “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, Sections 53311 and following of the California Government Code. “Administrative Expenses” means the actual or reasonably estimated costs related to the administration of Improvement Area No. 1, including, but not limited to, these for Improvement Area No. 1:
a. Costs of computing Special Taxes and preparing annual Special Tax collection schedules (whether by the City or any designee thereof or both). b. Costs of collecting the Special Taxes (whether by the County, the City, or otherwise). c. Costs of remitting the Special Taxes to the Trustee. d. Costs of the Trustee (including its legal counsel) in the discharge of the duties required of it under the Bond Indenture.
e. Costs to the City, CFD, or any designee thereof, of complying with arbitrage rebate requirements.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-2
f. Costs to the City, CFD, or any designee thereof, of complying with City, CFD, or Master Builder disclosure requirements.
g. Costs associated with preparing Special Tax disclosure statements. h. Costs incurred in responding to public inquiries regarding the Special Taxes. i. Costs to the City, CFD, or designee thereof related to any appeal of the Special Taxes. j. Costs associated with the release of funds from an escrow account, if any. k. Costs to the City for the issuance of Bonds authorized by the CFD that are not recovered through the Bond sale proceeds.
l. Amounts estimated to be advanced or already advanced by the City for any other administrative purposes, including attorney’s fees and other costs related to collection of the Special Taxes and commencing and pursuing to completion any foreclosure of delinquent Special Taxes.
“Administrator” means a City official in the Finance Department, or their designee responsible for determining or overseeing the levy and collection of the Special Taxes. “Affordable Housing Director” means, at any point in time, the person in the City who serves as head of the department that is in charge of the City’s affordable housing program.
“Affordable Unit” means a Unit built on a Residential Use Parcel for which an Affordable Unit agreement has been entered into for the property designating the Unit as affordable.

A Multifamily Parcel may have only a portion of the Units assigned as Affordable Units.

The City Manager, or his or her designee, shall determine which Units are designated as Affordable Units and maintain an Affordable Unit listing, which shall contain all designated buildable parcels by tract and lot number, and in the case of Large Lot Parcels remaining before May 1 of the preceding Fiscal Year, the number of designated Affordable Units for each such Large Lot Parcel; all entries shall indicate the effective date of designation.

The Affordable Unit listing also shall be updated to reflect those Units no longer qualifying as Affordable Units, also known as Market-Rate Units. The Affordable Unit listing, which shall contain all qualifying Affordable Units as of April 30, shall be made available to the Administrator by July 1 of each year for purposes of determining the Maximum Annual Special Tax for Parcels pursuant to Section 4.
“Annexation Parcels” means a Parcel or Parcels annexed to Improvement Area No. 1 of the CFD after formation. The Maximum Annual Special Tax will be assigned to Parcels in the annexation area using the provisions of Section 4. “Annual Facilities Costs” means, for any Fiscal Year, the total of these for Improvement Area No. 1:
a. Debt Service to be paid from Facilities Special Taxes.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-3
b. The amount needed to replenish the reserve fund for the Bonds to the level required under the Bond Indenture, to the extent not included in a computation of Annual Facilities Costs in a previous Fiscal Year.
c. Administrative Expenses for such Fiscal Year.
d. The amount needed to (1) cure any delinquencies in the payment of the Facilities Special Tax in the prior Fiscal Year, to the extent not otherwise included in a computation of Annual Facilities Costs in the current or any previous Fiscal Year, and (2) to fund any foreseeable deficiency in the payment of the Facilities Special Tax for that Fiscal Year which is expected to occur in such Fiscal Year, to the extent not included in a computation of Annual Facilities Costs in the current or any previous Fiscal Year.
e. Authorized Pay-As-You-Go Costs so long as the inclusion of these costs does not increase the Special Tax levy on Undeveloped Property, Large Lot Parcels, Small Lot Tentative Map Parcel, or Final Use Small Lot Parcels.
f. During the Deferral Bonding Period, the amount needed to pay Development Impact Fee Deferrals not financed by Bonds.
g. Less any available earnings on any reserve fund or Facilities Special Tax funds, available capitalized interest or any other available revenues of Improvement Area No. 1 or the City that may be used to fund Annual Facilities Costs. “Annual Maintenance Costs” means, for any Fiscal Year, the total of these for Improvement Area No. 1:
a. Authorized Services costs to be paid from Maintenance Special Taxes. b. Administrative Expenses for such Fiscal Year.
c. The amount needed to (1) cure any delinquencies in the payment of the Maintenance Special Tax in the prior Fiscal Year, to the extent not otherwise included in a computation of Annual Maintenance Costs in the current or any previous Fiscal Year, and (2) to fund any foreseeable deficiency in the payment of the Maintenance Special Tax for that Fiscal Year which is expected to occur in such Fiscal Year, to the extent not included in a computation of Annual Maintenance Costs in the current or any previous Fiscal Year.
d. Less any available earnings on any reserve fund, Maintenance Special Tax funds or any other available revenues of Improvement Area No. 1 or the City that may be used to fund Annual Maintenance Costs.
“Anticipated Construction Proceeds” means the amount anticipated to be available through Improvement Area No. 1 for acquiring or constructing Authorized Facilities, which is equal to $27.8 million at formation of Improvement Area No. 1 of the CFD. This amount is increased on July 1 of the current Fiscal Year for the prior calendar year by the average increase in the ENR-CCI.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-4
“Assessor’s Parcel” means a lot or Parcel with an assigned Assessor’s Parcel Number in the maps used by the County Assessor in preparing the tax roll. “Assessor’s Parcel Map” means an official map of the County Assessor designating Parcels by Assessor’s Parcel Number.
“Assessor's Parcel Number” means the Parcel and Parcel Number as assigned by the County Assessor on the equalized tax roll.
“Assigned Maximum Annual Special Tax” means the maximum Facilities Special Tax or Maintenance Special Tax assigned to each Large Lot Parcel that is an Original Parcel based on the Expected Land Uses for Improvement Area No. 1 at the CFD formation, or at annexation, as shown in Attachment 1.
“Authorized Facilities” means those facilities and fees to be financed by the CFD (including Improvement Area No. 1), as identified in the resolution forming the CFD. “Authorized Services” means those services authorized to be funded by the CFD (including Improvement Area No. 1), as defined in the resolution forming the CFD. “Base Year” means the Fiscal Year beginning July 1, 2023, and ending June 30, 2024. “Benefit Share” means the Maximum Annual Facilities Special Tax for a Parcel divided by the Maximum Annual Facilities Special Tax Revenue for all Taxable Parcels at their assigned Maximum Annual Facilities Special Tax.
“Bond(s)” means any bond(s) issued by the City for Improvement Area No. 1 under the Act secured by Special Taxes and any other debt, as defined in the Act, the City incurs that is secured by Special Taxes to further the CFD’s purposes. “Bond Indenture(s)” means the indenture(s), resolution(s), fiscal agent agreement(s), or other financing document(s) pursuant to which any Bonds are issued. “Bond Share” means the share of Outstanding Bonds assigned to a Parcel as specified in Section 8 hereof.
“Building Permit” means a permit issued by the City for the construction of a Residential Use or Nonresidential Use structure.
“Business Professional” means a Parcel or Parcels zoned to provide for office uses and other uses that are related to and supportive of office uses. “CFD” means the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities), Placer County, State of California, including all Improvement Areas therein.
“Chief Financial Officer” or “CFO” means the Chief Financial Officer of the City, or his/her designee.
“City” means the City of Roseville in Placer County, California. “Council” means the City Council of the City acting for the CFD under the Act.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-5
“County” means the County of Placer, California.
“Debt Service” means the total annual amount of Bond principal, interest, and the scheduled sinking fund payments of the Bonds in a calendar year. “Deferral Bonding Period” means the period, for Improvement Area No. 1, after the Initial Bonding Period has ended and during which the City finances the Development Impact Fee Deferral.
“Developed Parcel” means, in any Fiscal Year:
a. For Single-Family Parcels: All Parcels for which a Final Small Lot Subdivision Map was recorded before May 1 of the preceding Fiscal Year.
b. For Multifamily Parcels: All Parcels for which a Building Permit for new construction of a Residential Use structure was issued before May 1 of the preceding Fiscal Year. c. For all Nonresidential Use Parcels: All Parcels for which a Building Permit for new construction of a Nonresidential Use structure was issued before May 1 of the preceding Fiscal Year.

Once a Parcel is defined as a Developed Parcel it shall remain as a Developed Parcel. “Development Agreement” means the Development Agreement By and Between the City of Roseville and Brookfield Sunset, LLC, Brookfield Sacramento Holdings, LLC, and Angela Eisenpress relative to the Amoruso Ranch Specific Plan dated May 11, 2022, or as may be amended from time to time.
“Development Impact Fee Deferral” means the deferred payment of development impact fees due to the City or the South Placer Regional Transportation Authority (SPRTA) for Developed Parcels, using the approach and amounts identified in the Development Agreement, which may be amended from time to time. “Development Plan” means a condominium plan, apartment plan, site plan, or other development plan that identifies such information as the type of structure, acreage, square footage, or number of Units that are approved to be developed on Single-Family Parcels, Multifamily Parcels, and Nonresidential Parcels. “ENR-CCI” means the Engineering News Record—Construction Cost Index for San Francisco in the prior calendar year, as determined on July 1 of the current Fiscal Year. “Expected Land Use(s)” means, for Improvement Area No. 1, the total number of Units or Acres of each land use type by Tax Category expected in each Large Lot Parcel and Original Parcel at CFD formation as identified in Attachment 3 of this RMA, or as to Annexation Parcels, the total number of Units or Acres of each land use type by Tax Category expected in each Large Lot Parcel and Original Parcel at the time of annexation as identified in a subsequent attachment to RMA.
“Facilities Special Tax” means the Special Tax authorized to be levied in Improvement Area No. 1 to fund Annual Facilities Cost. Facilities Special Taxes are shown in Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-6
Attachments 2 and 3, or as to Annexation Parcels, as shown in a subsequent attachment to the RMA.
“Final Use Small Lot Parcel” means a Parcel designated for development as a singlefamily residence, which is part of a Final Small Lot Subdivision Map. “Final Small Lot Subdivision Map” means a recorded map designating the final Parcel subdivision for individual Single-Family Parcels.
“First Bond Sale” means issuance of the first series of Bonds secured, in whole or in part, by Facilities Special Taxes levied and collected from Parcels in Improvement Area No. 1.
“Fiscal Year” means the period starting July 1 and ending the following June 30. “Full Prepayment” means the fulfillment of a Parcel’s Facilities Special Tax obligation, as determined by following the procedures in Section 8.
“High Density Residential” means, per the Amoruso Ranch Specific Plan, a land use designation that primarily accommodates attached housing, but depending on the unit type, could also include detached housing, within the density range of 13.0 or greater dwelling units per gross developable acre. Typical housing product types include, but shall not be limited to, detached townhomes, courtyard townhomes/condominiums, garden-style apartments, and podium design apartments/condominiums. “Improvement Area No. 1” means the area designated as such on Map 1. “Initial Bonding Period” means, for Improvement Area No. 1, the period in which Bonds are outstanding, whether issued in a single or multiple series, which financed Authorized Facilities costs or refunded prior Bonds other than the Development Impact Fee Deferral.
“Large Lot Parcel” means a Parcel created by a Large Lot Subdivision Map. “Large Lot Subdivision Map” means a recorded subdivision map creating Parcels by land use. However, the Large Lot Subdivision Map does not delineate Final Use Small Lot Parcels. A Final Small Lot Subdivision Map will create individual Single-Family Parcels. “Low Density Residential” means, per the Amoruso Ranch Specific Plan, a land use designation that supports single-family detached homes on conventional lots within the density range of up to 6.9 dwelling units per gross developable acre. Typical housing product types include, but shall not be limited to, standard, alley-loaded, or clustered, single-family detached units.
“Maintenance Special Tax” means the Special Tax authorized to fund Annual Maintenance Costs. The Maintenance Special Tax will be levied and collected beginning with the Transition Year. Maintenance Special Taxes are shown in Attachment 4. “Market-Rate Unit” means a Unit that is not an Affordable Unit. “Master Builder” means Brookfield Sacramento Holdings LLC and its successors and assigns.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-7
“Maximum Annual Special Tax” means the greatest amount of Facilities Special Tax or Maintenance Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, and 4.
“Maximum Annual Facilities Special Tax” means the greatest amount of Facilities Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, or 4.
“Maximum Annual Maintenance Special Tax” means the greatest amount of Maintenance Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, or 4.
“Maximum Annual Special Tax Rate” means the maximum rate of Facilities Special Tax or Maintenance Special Tax charged per Unit or per Taxable Acre each Fiscal Year, as shown in Attachments 2, 3, and 4, as subsequently escalated by the Tax Escalation Factor.
“Maximum Annual Facilities Special Tax Revenue” means the greatest amount of Facilities Special Tax revenue that can be collected in total from a group of Parcels (such as Developed Parcels) by levying the Maximum Annual Facilities Special Tax. “Maximum Annual Maintenance Special Tax Revenue” means the greatest amount of Maintenance Special Tax revenue that can be collected in total from a group of Parcels (such as Developed Parcels) by levying the Maximum Annual Maintenance Special Tax. “Maximum Annual CFD Special Tax Revenue” means the sum of the Maximum Annual Special Tax levied on all Taxable Parcels in the CFD in a Fiscal Year. “Medium Density Residential” means, per the Amoruso Ranch Specific Plan, a land use designation that accommodates both single-family detached homes and attached homes within the density range of 7.0 to 12.9 dwelling units per gross developable acre. Typical housing product types include, but shall not be limited to, standard or alley-loaded lots, courtyard lots, green court lots, auto courts, alley clusters, zero-lot lines, or z-shaped lots. In addition, duet/half-plex homes, townhomes, or condominiums may be accommodated in Medium Density Residential areas.
“Mixed Use Parcel” means a Parcel or Parcels designated for a combination of Residential Uses and Nonresidential Uses.
“Multifamily For-Rent” or “Multifamily For-Rent Parcel” means any Parcel designated or developed for more than one residential dwelling Unit per Parcel and where such units are initially offered for rent to the general public and cannot be purchased by individual homeowners. Such uses may consist of apartments or structures such as duplexes or triplexes, including land uses defined as High Density Residential. Each residential dwelling Unit within Multifamily For-Rent or Multifamily For-Rent Parcels is not expected to have its own distinct Assessor’s Parcel Number. “Multifamily For-Sale” or “Multifamily For-Sale Parcel” means any Parcel designated or developed for more than one residential dwelling Unit within a single building or structure and that may share at least one common wall where such units are not initially Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-8
offered for rent to the general public and initially may be offered for sale to individual homeowners. Such uses may consist of condominiums or buildings such as half-plexes or time-share units, including land uses defined as High Density Residential. Multifamily For-Sale Parcels are anticipated to have their own distinct Assessor’s Parcel Number as is the case in residential condominium projects. Once designated as Multifamily For-Sale or Multifamily For-Sale Parcel, the Parcel shall remain so designated unless the original structures are demolished.
“Nonresidential Use” means a Taxable Parcel zoned for land uses other than Residential Uses which may include Business Professional, Community Commercial and Mixed Use. “Original Parcel” means a Taxable Parcel in Improvement Area No. 1 identified in Attachment 1 at formation of the CFD.
“Outstanding Bonds” means the total principal amount of Bonds that have been issued and not fully repaid or legally defeased.
“Parcel” means any Assessor’s Parcel in Improvement Area No. 1 based on the equalized tax rolls of the County as of January 1 of each Fiscal Year. “Partial Prepayment” means the partial fulfillment of a Parcel’s Facilities Special Tax obligation, as determined by following the procedures in Section 8. “Pay-As-You-Go Costs” means that portion of costs of acquisition, construction, and improvement of Authorized Facilities not financed by Bonds that are eligible for funding from the Facilities Special Tax.
“Prepayment” means the Full Prepayment or Partial Prepayment of a Parcel’s Facilities Special Tax obligation, as determined by following the procedures in Section 8. “Proportionately” means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Developed Parcels. For Small Lot Tentative Map Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Small Lot Tentative Map Parcels. For Large Lot Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Large Lot Parcels. For Undeveloped Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Undeveloped Parcels. “Public Parcel” means any Parcel that is or is intended to be publicly owned, as designated in any final map, that is normally exempt from the levy of general ad valorem property taxes under California law, including, but not limited to, public streets, schools, parks, and public drainageways, landscaping, wetlands, greenbelts, and open space. “Remainder Parcel” means a portion of a unit of land that is created as a result of the recording of a Large Lot Parcel Map or Final Small Lot Subdivision Map, which results in a designated remainder as defined in Government Code Section 66424.6(a) (Remainder Parcel). Such a Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as park sites. Once designated as a Remainder Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-9
Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6. “Remaining Facilities Costs” means the amount of Anticipated Construction Proceeds less construction proceeds from previous Bond issuances and less costs of Authorized Facilities funded on a Pay-As-You-Go Basis from the levy of the Special Tax. “Remaining Facilities Cost Share” means the Remaining Facilities Costs multiplied by the Benefit Share.
“Residential Use” means a Parcel designated for residential use, such as single-family residential Units, residential condominiums, townhouses, or apartments that would be included in the definitions of Low-Density Residential, Medium Density Residential or High Density Residential.
“RMA” means this Rate and Method of Apportionment, and Manner of Collection of Special Tax, as it may be amended from time to time in connection with Annexation Parcels or otherwise.
“Single-Family Parcel” means, in any Fiscal Year, all Parcels in Improvement Area No. 1 for which a building permit was issued or may be issued for construction of a Unit that is a single-family residential, residential condominium, or townhouse Unit. “Small Lot Tentative Map” means a map that is approved by the City for the purpose of showing the design of a proposed Subdivision, including the individual buildable lots expected in the Subdivision, as well as the conditions pertaining thereto. The Small Lot Tentative Map designation for this RMA is in reference only to the areas shown on the map on which Low-Density Residential and Medium-Density Residential uses would be permitted. A Small Lot Tentative Map is not based on a detailed survey of the property in the map and is not recorded at the County Recorder’s Office to create legal lots. “Small Lot Tentative Map Parcel” means, in any Fiscal Year, all Parcels included in a Small Lot Tentative Map that was approved before May 1 of the prior Fiscal Year that are planned for Low-Density Residential and Medium-Density Residential and which have not yet become a Developed Parcel.
“Special Tax(es)” mean(s) any tax levy under the Act in Improvement Area No. 1. “Subdivision” or “Subdivided” means a division of a Parcel into two or more Parcels through Parcel reconfiguration, lot-line adjustments, or the Subdivision Map Act process.

A Subdivision also may include the merging of two or more Parcels to create new Parcels. “Successor Parcel” means a Parcel created by the Subdivision of an Original Parcel or a Successor Parcel.
“Tax Category” means the categories of taxable land uses shown in Attachments 2, 3, and 4.
“Tax Collection Schedule” means the document prepared by the Administrator for the County Auditor-Controller to use in levying and collecting the Special Taxes each Fiscal Year.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-10
“Tax Escalation Factor” means a factor of 2 percent by which the Maximum Annual Facilities Special Tax, Maximum Annual Maintenance Special Tax and related Maximum Annual Special Tax Rates shall be increased annually until the Transition Event. In the Fiscal Year following the Transition Event, the Maximum Annual Maintenance Special Tax may be increased up to 2 percent annually at the City’s discretion. The Administrator should refer to Section 4a for application of the Tax Escalation Factor. “Taxable Acreage” means that area of a Parcel determined by the Administrator to become a Taxable Parcel or Parcels upon further Subdivision. An example might be that a Large Lot Parcel Map creates a Remainder Parcel that, according to Attachment 1, contains both taxable uses and tax-exempt uses.
“Taxable Parcel” means any Parcel that is not a Tax-Exempt Parcel. “Tax-Exempt Parcel” means a Parcel not subject to the Annual Special Tax. TaxExempt Parcels include (a) Public Parcels, and (b) Parcels owned by the City, school districts, special districts, or the state or federal government. A Taxable Parcel that is acquired by a public agency shall remain a Taxable Parcel as per the provisions of Section 4.i.

Certain privately-owned Parcels also may be exempt from the levy of Annual Special Taxes, including common areas owned by homeowner’s associations or property owner associations, wetlands, detention basins, water quality ponds, and open space, as determined by the Administrator.
“Transition Event” means for Improvement Area No. 1, the earlier of (a) after the Initial Bonding period, the Fiscal Year in which the Administrator determines the Development Impact Fee Deferral, including any Debt Service and Administrative Expenses associated with any Bonds issued to satisfy Development Impact Fee Deferrals, and any eligible PayAs-You-Go Costs have been repaid in full to the City and City determines funding is no longer needed for Annual Facilities Costs, or (b) Fiscal Year 2088-89. “Transition Year” means, for Improvement Area No. 1, the first Fiscal Year following the Fiscal Year in which the Transition Event occurred.
“Trustee” means a national banking association organized and existing under the laws of the United States acting as a trustee or fiscal agent for Bonds. “Undeveloped Parcel” means a Taxable Parcel that is not a Developed Parcel, Small Lot Tentative Map Parcel, or a Large Lot Parcel.
“Unit” means, for a Single-Family Parcel, the individual residential unit on such Parcel, or for a Multifamily For-Rent Parcel or Multifamily For-Sale Parcel, an individual residential unit in a multifamily building.
3 . D u r a t i o n o f t h e S p e c i a l T a x
The Facilities Special Tax will be levied and collected until the earlier of (i) the Transition Year or (ii) Fiscal Year 2088-89. The Maintenance Special Tax will be levied and collected beginning in the Transition Year. The Maintenance Special Tax will thereafter be collected in perpetuity.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-11
4 . A dm i n i s t r a t i v e T a s k s f o r t h e F a c i l i t i e s S p e c i a l T a x
The provisions of Section 4 shall apply to Improvement Area No. 1:
a. Annual Special Tax Escalation. Until the Fiscal Year following the Transition Event, the Administrator shall increase the Maximum Annual Facilities Special Tax, the Maximum Annual Maintenance Special Tax and Maximum Annual Special Tax Rates by the Tax Escalation Factor in all Fiscal Years following the Base Year. In the Transition Year and thereafter, the City, in its sole discretion, may determine whether to apply the Tax Escalation Factor to the Maximum Annual Maintenance Special Tax in any Fiscal Year.
b. Assignment of the Maximum Annual Facilities Special Tax to Original Parcels.

Attachment 3 identifies the Assigned Maximum Annual Facilities Special Tax for each Original Parcel included in Improvement Area No. 1, which is determined for each Large Lot Parcel based on the Expected Land Uses in each Large Lot Parcel at CFD Formation. The Assigned Maximum Annual Facilities Special Tax shall continue to apply to the geographic area to which it was assigned. If, before further Subdivision, the Administrator determines there are multiple Assessor’s Parcels in a Large Lot Parcel, the Administrator shall assign the Maximum Annual Facilities Special Tax to each Assessor’s Parcel on a pro rata basis to all Assessor’s Parcels in that Large Lot Parcel based on the percentage share of Taxable Acreage identified for each Assessor’s Parcel. Similarly, if the Administrator determines there are multiple Large Lot Parcels in an Assessor’s Parcel, the Maximum Annual Facilities Special Tax shall equal the sum of the Assigned Maximum Annual Facilities Special Tax for all Large Lot Parcels in that Assessor’s Parcel.
c. Assignment of the Maximum Annual Facilities Special Tax to Annexation Parcels.

Upon annexation of property to Improvement Area No. 1, Parcels will be assigned Maximum Annual Facilities Special Taxes using Attachments 2, 3, and 4. Once annexed, these annexed Parcels shall be considered Original and Successor Parcels and will be subject to the same procedures for assignment of the Maximum Annual Facilities Special Tax to Successor Parcels described in Section 4.d. The owner of the Annexation Parcels shall be responsible for paying all costs associated with annexing the Annexation Parcels to Improvement Area No. 1, but otherwise shall not be required to pay any other charge, fee or catch-up special tax in connection with or as a condition of such annexation unless otherwise agreed to by the owner of the Annexation Parcel in connection with the annexation.
d. Assignment of the Maximum Annual Facilities Special Tax to Successor Parcels. As Original Parcels and Successor Parcels are Subdivided through creation of Final Small Lot Subdivision Maps, lot line adjustments or other Parcel amendments through the Subdivision Map Act process, the Administrator shall use the following steps to assign the Maximum Annual Facilities Special Tax to new Successor Parcels. As a result of each assignment of the Maximum Annual Facilities Special Tax upon Subdivision of an Original Parcel or Successor Parcel, the sum of the Maximum Annual Facilities Special Taxes assigned to the newly created Taxable Parcels shall never be less, but may be Exhibit A
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Economic & Planning Systems, Inc. (EPS) A-12
greater, than the Assigned Maximum Annual Facilities Special Tax for that Original Parcel or Successor Parcel.

1. If an Original Parcel or Successor Parcel is Fully Subdivided into Single-Family Parcels with No Remainder Parcel(s). There shall be no net loss of Maximum CFD Special Tax Revenue as a result of the assignment of the Maximum Annual Facilities Special Tax to Single-Family Parcels. The Administrator shall use the following procedures to assign the Maximum Annual Facilities Special Tax to Single-Family Parcels. All references to Maximum Annual Facilities Special Taxes in the attachments are subject to application by the Tax Escalation Factor by the Administrator:

A. Multiply the Maximum Annual Facilities Special Tax per Unit by Tax Category from Attachment 2 by the number of Units for each Single-Family Parcel created by the Subdivision. Sum the Maximum Annual Facilities Special Taxes for all Single-Family Parcels created by the Subdivision.

B. If the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.1.A above is equal to or greater than the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel that was Subdivided, assign the Maximum Annual Facilities Special Tax per Unit by Tax Category as calculated in Step 4.1.d.A above to each Single-Family Parcel created by the Subdivision.

C. If the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.1.A above is less than the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel that was Subdivided, unless 100 percent of the Units are designated Affordable Units, (i) assign the Maximum Annual Facilities Special Tax for Affordable Units shown in Attachment 2 to each Affordable Unit (if any) and, (ii) Proportionately increase the Maximum Annual Facilities Special Tax per Unit for all Units that are not Affordable Units until the sum of resulting Maximum Annual Facilities Special Taxes from all Units (including Affordable Units) equals the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel that was Subdivided. Assign the Maximum Annual Facilities Special Tax calculated in this step to each new Single-Family Parcel created by the Subdivision.

D. If the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.1.A above is less than the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel that was Subdivided and if 100 percent of the Single-Family Parcels created by Subdivision are designated as Affordable Units, increase Proportionately the Maximum Annual Facilities Special Tax per Unit for each Affordable Unit until the sum of Maximum Annual Facilities Special Taxes from all Affordable Units on the new Single-Family Parcels created by the Subdivision equal the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel that was Subdivided. Assign the Maximum Annual Facilities Special Tax calculated in this step to each new Single-Family Parcel created by the Subdivision.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-13

2. If Original or Successor Parcel Is Subdivided into Single-Family Parcels and One or More Remainder Parcels. When an Original or Successor Parcel is Subdivided into Single-Family Parcels and one or more Large Lot Parcels (or Remainder Parcels), the Assigned Maximum Annual Facilities Special Tax is apportioned to the SingleFamily Parcels and Large Lot Parcels created by the Subdivision in the following manner:

A. Apportion the Assigned Maximum Annual Facilities Special Tax to the area(s) that is/are being Subdivided into Single-Family Parcels and to the area(s) that will be Remainder Parcel(s) on a pro rata basis, based on the percentage share of Taxable Acreage represented by each such area as compared to the total area of the Original or Successor Parcel.

B. For each area Subdivided into Single-Family Parcels, multiply the Maximum Annual Facilities Special Tax per Unit by Tax Category from Attachment 2 by the number of Units for each Single-Family Parcel created by the Subdivision.

Sum the Maximum Annual Facilities Special Taxes for all Single-Family Parcels created by the Subdivision.

C. For each area Subdivided into Single-Family Parcels, if the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.2.B above is equal to or greater than the Assigned Maximum Annual Facilities Special Tax apportioned to that area of the Original or Successor Parcel that was Subdivided into Single-Family Parcels, assign the Maximum Annual Facilities Special Tax per Unit by Tax Category as calculated in Step 4.d.2.B above to each SingleFamily Parcel created by the Subdivision.

D. For each area Subdivided into Single-Family Parcels, if the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.2.B above is less than the Assigned Maximum Annual Facilities Special Tax apportioned to that area of the Original or Successor Parcel that was Subdivided into Single-Family Parcels, unless 100 percent of the Units are designated Affordable Units, (i) assign the Maximum Annual Facilities Special Tax for Affordable Units shown in Attachment 2 to each Affordable Unit (if any) and, (ii) Proportionately increase the Maximum Annual Facilities Special Tax per Unit for all Units that are not Affordable Units until the sum of resulting Maximum Annual Facilities Special Taxes from all Units (including Affordable Units) equals the Assigned Maximum Annual Facilities Special Tax apportioned to that area of the Original or Successor Parcel that was Subdivided into Single-Family Parcels. Assign the Maximum Annual Facilities Special Tax calculated in this step to each new Single-Family Parcel created by the Subdivision.

E. For each area Subdivided into Single-Family Parcels, if the sum of Maximum Annual Facilities Special Taxes calculated in Step 4.d.2.B above is less than the Assigned Maximum Annual Facilities Special Tax apportioned to that area of the Original or Successor Parcel that was Subdivided into Single-Family Parcels and if 100 percent of the Single-Family Parcels created by Subdivision are designated as Affordable Units, increase Proportionately the Maximum Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-14
Annual Facilities Special Tax per Unit for each Affordable Unit until the sum of Maximum Annual Facilities Special Taxes from all Affordable Units on the new Single-Family Parcels created by the Subdivision equal the Assigned Maximum Annual Facilities Special Tax apportioned to that area of the Original or Successor Parcel that was Subdivided into Single-Family Parcels. Assign the Maximum Annual Facilities Special Tax calculated in this step to each new Single-Family Parcel created by the Subdivision.

F. For the Remainder Parcel or Parcels, identify the Maximum Annual Facilities Special Tax for the entire Original or Successor Parcel that has been Subdivided. Sum the Maximum Annual Facilities Special Tax for all SingleFamily Parcels created by the Subdivision, including Single-Family Parcels with Affordable Units. Subtract the sum of the Maximum Annual Facilities Special Tax for all Single-Family Parcels from the Assigned Maximum Annual Facilities Special Tax for the Original or Successor Parcel being subdivided and compare it to the Maximum Annual Facilities Special Tax assigned to the Remainder Parcel or Parcels in Step 4.d.2.A. Assign to each Remainder Parcel, the lesser of the calculations in this step or in Step 4.d.2.A, but in no event less than the difference between the previously Assigned Maximum Annual Facilities Special Tax for the Original Parcel or Successor Parcel being Subdivided and the total of the Maximum Annual Facilities Special Tax for all Single-Family Parcels created by such Subdivision.

Once designated as a Remainder Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6.

3. If an Original or Successor Parcel is Subdivided creating multiple land uses and Tax Categories or for any rezones of land uses on Original or Successor Parcels:

A. Identify the Assigned Maximum Annual Facilities Special Tax for the Original Parcel or Successor Parcel that is being Subdivided or rezoned.

B. For each Taxable Parcel subject to rezone or created by Subdivision multiply the Maximum Annual Facilities Special Tax per Unit or per Acre by the number of Units or by the number of Acres by the appropriate Tax Category. For each Taxable Parcel created by Subdivision that includes Affordable Units, multiply the number of Affordable Units by the Tax per Unit for such Affordable Units.

C. Sum the Maximum Annual Facilities Special Tax for each Taxable Parcel and compare it to the Assigned Maximum Annual Facilities Special Tax of the Original or Successor Parcel that is subject to rezone or is being Subdivided.

If the sum of Maximum Annual Facilities Special Tax for each Taxable Parcel is greater than the Assigned Maximum Annual Facilities Special Tax for the Original Parcel, the Administrator shall apply the Maximum Annual Facilities Special Tax calculated above for each Taxable Parcel.

D. If the Assigned Maximum Annual Facilities Special Tax for the Original Parcel or Successor Parcel subject to rezone or that is being subdivided is greater Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-15
than the sum of Maximum Annual Facilities Special Tax for each Successor Parcel being created, increase Proportionately the Maximum Annual Facilities Special Tax per Unit or per Acre for all Tax Categories on each Taxable Parcel such that the sum of Maximum Annual Facilities Special Tax for all Taxable Parcels equals the Assigned Maximum Annual Facilities Special Tax for the Original Parcel.

4. If Multifamily Residential Units are Constructed on an Original or Successor Parcel: If a Building Permit for Multifamily Residential—For Rent uses is issued for an Original or Successor Parcel, identify the Maximum Annual Facilities Special Tax for the Taxable Parcel in Attachment 3. Assign this amount as the Maximum Annual Facilities Special Tax for the Parcel.

If a Building Permit for Multifamily Residential—For Sale uses is issued for an Original or Successor Parcel, use the following procedure to assign the Maximum Annual Facilities Special Tax to Successor Parcels.

A. Multiply the Maximum Annual Facilities Special Tax per Unit for High Density Residential Units from Attachment 2 by the number of High Density Residential Units (excluding Affordable Units) created by the Building Permit.

Sum the Maximum Annual Facilities Special Taxes for all High Density Residential Units created by the Building Permit.

B. Multiply the Maximum Annual Facilities Special Tax per Unit High Density Residential Affordable Units from Attachment 2 by the number of High Density Residential Affordable Units created by the Building Permit. Sum the Maximum Annual Facilities Special Taxes for all High Density Residential Affordable Units created by the Building Permit.

C. Sum the results from Section 4.d.4.A and Section 4.d.4.B.and compare it to the Assigned Maximum Annual Facilities Special Tax of the Original or Successor Parcel with the issued Building Permit. If the sum of Maximum Annual Facilities Special Tax for each Taxable Parcel is greater than the Assigned Maximum Annual Facilities Special Tax for the Original Parcel, the Administrator shall apply the Maximum Annual Facilities Special Tax calculated above for each Taxable Parcel.

D. If the Assigned Maximum Annual Facilities Special Tax for the Original Parcel or Successor Parcel subject to the Building Permit is greater than the sum of Maximum Annual Facilities Special Tax for each Successor Parcel being created, increase Proportionately the Maximum Annual Facilities Special Tax per Unit for all Tax Categories on each Taxable Parcel such that the sum of Maximum Annual Facilities Special Tax for all Taxable Parcels equals the Assigned Maximum Annual Facilities Special Tax for the Original Parcel. e. Affordable Units that Become Market-Rate Units. If, in any Fiscal Year, the City Manager, or his or her designee, determines that a Unit that previously had been designated as an Affordable Unit no longer qualifies as such, the Affordable Housing Director shall update the Affordable Unit listing by denoting the change in status of Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-16
the Unit, together with the effective date thereof. For all Affordable Units that are converted to Market-Rate Units, such Units shall be assigned the Maximum Annual Facilities Special Tax per Unit based on their Tax Category as shown in Attachment 2, as adjusted by the Tax Escalation Factor so long as the Special Tax does not decrease on such a Unit.
f. Transfer of the Assigned Maximum Annual Facilities Special Tax from One Large Lot Parcel to Another. The Maximum Annual Facilities Special Taxes shown in Attachment 3 were determined based on the Expected Land Uses for each Large Lot Parcel shown in Attachment 1. If the number of planned residential Units or Nonresidential Acreage is transferred from one Large Lot Parcel to another before recording a Final Small Lot Subdivision Map in any portion of the Large Lot Parcel, the City may, in its sole discretion, allow for a transfer of the Maximum Annual Facilities Special Tax from one Large Lot Parcel to another. Such a transfer shall be allowed only if (1) all adjustments are agreed to in writing by the affected property owners and the CFO, and (2) there is no reduction in the Maximum Annual CFD Special Tax Revenues as a result of the transfer. Should a transfer result in an amendment to Attachments 2, 3, or 4 of the Notice of Special Tax Lien, the requesting property owner shall bear the costs to effect the transfer in the CFD records and prepare the required amendments to the Notice of Special Tax Lien and Attachments 2, 3, or 4.

Before the transfer, the City may require a deposit from the requesting property owner for such costs.
g. Reduction of the Maximum Annual Facilities Special Tax Prior to First Bond Sale. At the request of the Master Builder, the Maximum Annual Special Taxes set forth in Attachments 2, 3 and 4 may be reduced for a given Tax Category, once, prior to the First Bond Sale. The reduction in this paragraph (g) may occur in a single Tax Category or multiple Tax Categories, and there shall be no requirement that the reduction in one Tax Category be proportionate to the reduction in another Tax Category. Such reduction shall be made without a vote of the qualified electors within the CFD following discussion with the Master Builder and the City. Any such reduction shall occur at least 30 days prior to the First Bond Sale. The Special Tax reductions permitted pursuant to this paragraph shall be reflected in an Amended Notice of Special Tax Lien, which the Administrator shall cause to be recorded. h. Conversion of a Tax-Exempt Parcel to a Taxable Parcel. If a Tax-Exempt Parcel is not needed for public use and is converted to a taxable use or transferred to a private owner, it shall become subject to the Facilities Special Tax. The Maximum Annual Facilities Special Tax for the newly Taxable Parcel will be determined using the provisions of Sections 4 and 5 of the RMA.
i. Taxable Parcels Acquired by a Public Agency. A Taxable Parcel that is acquired by a public agency after the CFD is formed will remain subject to the applicable Special Tax unless the Special Tax obligation is satisfied pursuant to Section 53317.5 of the Government Code. An exception to this may be made if a Public Parcel, such as a park site, is relocated to a Taxable Parcel, in which case the previously Tax-Exempt Parcel of comparable acreage becomes a Taxable Parcel and the Maximum Annual Facilities Special Tax from the previously Taxable Parcel is transferred to the new Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-17
Taxable Parcel. This trading of a Parcel from a Taxable Parcel to a Public Parcel will be permitted to the extent there is no net loss in Maximum Annual CFD Special Tax Revenue and the transfer is agreed to by the owners of the Parcels involved in the transfer and the CFO.
5 . A dm i n i s t r a t i v e T a s k s f o r t h e M a i n t e n a n c e S p e c i a l T a x
This section discusses the administrative tasks for the Maintenance Special Tax, which shall be applicable after the Transition Event.

The provisions of Section 5 shall apply to Improvement Area No. 1. as set forth below:
a. Assignment of the Maximum Annual Maintenance Special Tax to Developed Parcels.

In the Fiscal Year following the Transition Event, the Administrator shall assign the Maximum Annual Maintenance Special Tax to all Developed Parcels using the Maximum Annual Special Tax Rates for the Maintenance Special Tax by Tax Category shown in Attachment 4, as adjusted by the Tax Escalation Factor. b. Assignment of the Maximum Annual Maintenance Special Tax to Successor Parcels.

After the Transition Event, if Original Parcels and Successor Parcels are Subdivided through creation of Final Small Lot Subdivision Maps, lot line adjustments or other Parcel amendments through the Subdivision Map Act process, the Administrator shall use the steps in Section 4.d to assign the Maximum Annual Maintenance Special Tax to new Successor Parcels. When applying Section 4.d after the Transition Event, the Administrator shall substitute Maintenance Special Tax for Facilities Special Tax and shall substitute Maximum Annual Maintenance Special Tax for Maximum Annual Facilities Special Tax.
c. Assignment of the Maximum Annual Maintenance Special Tax to Annexation Parcels.

If Parcels are annexed to Improvement Area No. 1 after formation, the Maximum Annual Maintenance Special Tax shall be assigned to these Annexation Parcels using the definitions in Section 2 and the Maximum Annual Maintenance Special Tax per Unit or Acre shown in Attachment 4 as adjusted by the Tax Escalation Factor applied by the Administrator, unless the Annexation Parcels are annexed with a new set of Maximum Annual Maintenance Special Taxes. Attachment 1 may be amended, or a new attachment created, to include the Annexation Parcels and, if necessary, the applicable tax rates. If new Maximum Annual Maintenance Special Taxes are created, Attachment 4 should be amended to reflect the Maximum Annual Maintenance Special Taxes for the Annexation Parcels. Once annexed, these annexed Parcels shall be considered Original and Successor Parcels and will be subject to the same procedures for assignment of the Maximum Annual Maintenance Special Tax to Successor Parcels described in this section. The owner of the Annexation Parcels shall be responsible for paying all costs associated with annexing the Annexation Parcels to Improvement Area No. 1, but otherwise shall not be required to pay any other charge, fee or catch-up special tax in connection with or as a condition of such annexation unless otherwise agreed to by the owner of the Annexation Parcel in connection with the annexation.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-18
d. Affordable Units that Become Market-Rate Units. If, in any Fiscal Year, the City Manager, or his or her designee, determines that a Unit that previously had been designated as an Affordable Unit no longer qualifies as such, the Affordable Housing Director shall update the Affordable Unit listing by denoting the change in status of the Unit, together with the effective date thereof. For all Affordable Units that are converted to Market-Rate Units, such Units shall be assigned the Maximum Annual Maintenance Special Tax per Unit based on their Tax Category as shown in Attachment 4, as adjusted by the Tax Escalation Factor. e. Conversion of a Tax-Exempt Parcel to a Taxable Parcel. If a Tax-Exempt Parcel is not needed for public use and is converted to a taxable use or transferred to a private owner, it shall become subject to the Maintenance Special Tax. The Maximum Annual Maintenance Special Tax for the newly Taxable Parcel will be determined using the provisions of Sections 5 and 6 of the RMA.
f. Taxable Parcels Acquired by a Public Agency. A Taxable Parcel that is acquired by a public agency after the CFD is formed will remain subject to the applicable Special Tax unless the Special Tax obligation is satisfied pursuant to Section 53317.5 of the Government Code. An exception to this may be made if a Public Parcel, such as a park site, is relocated to a Taxable Parcel, in which case the previously Tax-Exempt Parcel of comparable acreage becomes a Taxable Parcel and the Maximum Annual Maintenance Special Tax from the previously Taxable Parcel is transferred to the new Taxable Parcel. This trading of a Parcel from a Taxable Parcel to a Public Parcel will be permitted to the extent there is no net loss in Maximum Annual CFD Special Tax Revenue and the transfer is agreed to by the owners of the Parcels involved in the transfer and the CFO.
6 . A s s i g nm e n t o f t h e M a x im um A n n u a l S p e c i a l Ta x
The Administrator shall assign the Maximum Annual Special Tax using the procedures identified below:
a. Classification of Parcels. For purposes of the next Fiscal Year tax levy, by June 30 of each Fiscal Year, using the Definitions in Section 2, the Parcel records of the Assessor’s secured tax roll as of January 1, and other City development approval records, the Administrator shall cause:

1. Each Parcel to be classified as a Taxable Parcel or Tax-Exempt Parcel.

2. Each Parcel to be classified as a Developed Parcel, a Small Lot Tentative Map Parcel, a Large Lot Parcel (including Remainder Parcels), or an Undeveloped Parcel.
b. Assignment of the Maximum Annual Facilities Special Tax to Taxable Parcels. The Maximum Annual Facilities Special Tax will be assigned to each Taxable Parcel each Fiscal Year using the procedures (not all steps may be applicable for each such Parcel) in Section 4.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-19
c. Assignment of the Maximum Annual Maintenance Special Tax to Taxable Parcels. In the Fiscal Year following the Transition Event, the Maximum Annual Maintenance Special Tax will be assigned to each Taxable Parcel each Fiscal Year using the procedures (not all steps may be applicable for each such Parcel) in Sections 4 and

5. 7 . C a l c u l a t i n g A n n u a l S p e c i a l T a x e s This section discusses the levy of the Facilities Special Tax and the Maintenance Special Tax. Collectively, these Special Taxes are included in the discussion of the assignment of the Maximum Annual Special Taxes. For the period following CFD formation until the Fiscal Year in which the Transition Event occurs, the Maximum Annual Special Tax shall refer to the Facilities Special Tax. Beginning with the Transition Year, the Maximum Annual Special Tax shall refer to the Maintenance Special Tax.

The Administrator will compute the Annual Facilities Costs or Annual Maintenance Costs and determine the annual Special Tax levy for each Taxable Parcel based on the assignment of the Special Tax in Sections 4, 5, and 6. The Administrator then will determine the tax levy for each Taxable Parcel using the following process.

Facilities Special Tax Levy
a. Compute the Annual Facilities Costs using the definition of Annual Facilities Costs in Section 2.
b. For all Taxable Parcels, calculate the Facilities Special Tax levy for each using the following steps:

Step 7.b.1. The Facilities Special Tax shall be levied proportionately on all Developed Parcels up to the amount of Annual Facilities Cost or up to 100 percent of the Maximum Annual Facilities Special Tax Revenue for all Developed Parcels, whichever is less.

Step 7.b.2. If additional revenue is needed after Step 7.b.1., the Facilities Special Tax shall be levied proportionately on each Small Lot Tentative Map Parcel until the revenue from the Facilities Special Tax levy in this step, when added to the levy amount computed in Step 7.b.1., equals the Annual Facilities Costs, or up to 100 percent of the Maximum Annual Facilities Special Tax Revenue for all Small Lot Tentative Map Parcels.

As necessary, the Facilities Special Tax shall be levied on Small Lot Tentative Map Parcels for the entire portion of Annual Facilities Costs, excluding Pay-As-You-Go Costs.

Step 7.b.3. If additional revenue is needed after Step 7.b.2., the Facilities Special Tax shall be levied proportionately on each Large Lot Parcel until the revenue from the Facilities Special Tax levy in this step, when added to the levy amount computed through Step 7.b.2., equals the Annual Facilities Costs, or up to 100 percent of the Maximum Annual Facilities Special Tax Revenue for all Large Lot Parcels. As necessary, the Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-20
Facilities Special Tax shall be levied on Large Lot Parcels for the entire portion of Annual Facilities Costs, excluding Pay-As-You-Go Costs.

Step 7.b.4. If additional revenue is needed after Step 7.b.3., the Facilities Special Tax shall be levied on each Undeveloped Parcel until the revenue from the Facilities Special Tax levy in this step, when added to the levy amounts computed through Step 7.b.3., equals the Annual Facilities Costs, or up to 100 percent of the Maximum Annual Facilities Special Tax Revenue for all Undeveloped Parcels. As necessary, the Facilities Special Tax shall be levied on Undeveloped Parcels for the entire portion of Annual Facilities Costs, excluding Pay-As-You-Go Costs.

Maintenance Special Tax Levy
c. Beginning in the Transition Year, compute the Annual Maintenance Cost using the definition of Annual Maintenance Costs in Section 2.
d. For all Taxable Parcels, calculate the Maintenance Special Tax levy for each using the following steps:

Step 7.d.1. The Maintenance Special Tax shall be levied proportionately on all Developed Parcels up to the amount of Annual Maintenance Cost or up to 100 percent of the Maximum Annual Maintenance Special Tax Revenue for all Developed Parcels, whichever is less.

Step 7.d.2. If additional revenue is needed after Step 7.d.1., the Maintenance Special Tax shall be levied proportionately on each Small Lot Tentative Map Parcel until the revenue from the Maintenance Special Tax levy in this step, when added to the levy amount computed in Step 7.d.1., equals the Annual Maintenance Costs, or up to 100 percent of the Maximum Annual Maintenance Special Tax Revenue for all Small Lot Tentative Map Parcels.

Step 7.d.3. If additional revenue is needed after Step 7.d.2., the Maintenance Special Tax shall be levied proportionately on each Large Lot Parcel until the revenue from the Maintenance Special Tax levy in this step, when added to the levy amount computed through Step 7.d.2., equals the Annual Maintenance Costs, or up to 100 percent of the Maximum Annual Maintenance Special Tax Revenue for all Large Lot Parcels.

Step 7.d.4. If additional revenue is needed after Step 7.d.3., the Maintenance Special Tax shall be levied on each Undeveloped Parcel until the revenue from the Maintenance Special Tax levy in this step, when added to the levy amounts computed through Step 7.d.3., equals the Annual Maintenance Costs, or up to 100 percent of the Maximum Annual Maintenance Special Tax Revenue for all Undeveloped Parcels. e. Levy on each Taxable Parcel the amount calculated above. f. Prepare the Tax Collection Schedule and, unless an alternative method of collection has been selected pursuant to Section 10, send it to the County Auditor requesting Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-21
that it be placed on the general, secured property tax roll for the Fiscal Year. The Tax Collection Schedule will be sent no later than the date required by the County Auditor for such inclusion.

The Administrator will make every effort to calculate the Special Tax correctly for each Parcel. It will be the burden of the taxpayer to identify any errors in determining which Parcels are subject to the tax and their Special Tax assignments. 8 . P r e p a ym e n t o f t h e F a c i l i t i e s S p e c i a l T a x O b l i g a t i o n
Calculations of a Prepayment shall reflect the Improvement Area within which the Parcel seeking to prepay resides. A property owner may at any time prepay either 25 percent or 50 percent of the Full Prepayment, except that the City may allow a partial prepayment of any percentage up to 50 percent of the Full Prepayment to be made as a “buy down” of the rate for purposes of marketing the property by a builder or developer of land to be sold for Residential Use. In the event such a builder or developer has prepaid a portion of the Facilities Special Tax, the allowable 25 percent or 50 percent partial prepayment of the Facilities Special Tax that can be made by a subsequent owner shall be reduced by the amount so prepaid by the builder or developer. Full Prepayment is permitted only for Nonresidential Use Parcels; Full Prepayment is not allowable for Residential Use Parcels.

Prepayments must be made in sufficient time to, in the City’s opinion, have the Prepayment reflected in the following Fiscal Year’s Special Tax levy.

Prepayment is permitted only under the following additional conditions:
• The landowner prepaying the Facilities Special Tax on a Parcel has paid any delinquent Facilities Special Tax and penalties on that Parcel at or before or at the time of Prepayment.
• Following Prepayment, amounts in any debt service reserve fund are equal to or greater than the reserve fund requirement.
• The City determines that the Prepayment will not jeopardize its ability to make timely payments of Debt Service and maintain a 110 percent annual Debt Service coverage based on Maximum Annual Special Tax Revenues in all years in which issued Bonds will be outstanding.
• The portion of the Prepayment for the Development Impact Fee Deferral shall only be used to pay for the Development Impact Fee Deferral whether it was or is to be funded through annual special tax payments or through bonded indebtedness.

When permitted, the Administrator shall calculate Prepayments using the following steps:
a. The Full Prepayment amount shall be established by following the steps below:

Step 8.a.1: Determine the percentage of the Maximum Facilities Special Tax for the Taxable Parcel for which the Facilities Special Tax is to be prepaid using Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-22
the provisions of Sections 4, 5, and 6. If the Parcel is not designated as a Developed Parcel, determine the applicable Facilities Special Tax for the Parcel assuming it is a Developed Parcel.

Step 8.a.2: Increase the Maximum Facilities Special Tax by 2 percent per annum for the longer of (i) 30 years from the year in which the Parcel was first subject to the Facilities Special Tax as a Developed Parcel, or (ii) the end of the then-remaining Initial Bonding Period.

Step 8.a.3: Using a discounted rate equal to the most current yield for the 30-Year Treasury Constant Maturity, calculate the net present value of the revenue stream determined Step 8.a.2. If this yield is no longer available, the Administrator will select a yield rate from the most comparable type of security.

Step 8.a.4: Calculate this Parcel’s Maximum Annual Facilities Special Tax as a percentage of the Maximum Annual Facilities Special Tax Revenue, assuming all Taxable Parcels are Developed Parcels to determine the Benefit Share for the prepaying Parcel. Multiply the Benefit Share by the Outstanding Bonds to determine the Bond Share for the prepaying Parcel. Multiply the Benefit Share by the Remaining Facilities Costs, as increased by ENR-CCI from the Base Year, to determine the Remaining Facilities Cost Share for the prepaying Parcel. Add the Bond Share to Remaining Facilities Cost Share for the prepaying Parcel.

Step 8.a.5: Use the greater of the amounts determined in Step 8.a.3 or Step 8.a.4 for the following calculations.

Step 8.a.6: Add to the amount from in Step 8.a.5 interest on the Bonds being redeemed to the next redemption date.

Step 8.a.7: Add to the amount calculated in Step 8.a.6 a redemption premium on the Bonds being redeemed (if any) as identified in the Bond Indenture(s).

Step 8.a.8: Add to the amount calculated in Step 8.a.7 the Development Impact Fee Deferral amount applicable to the Parcel, as adjusted for inflation. If Bonds have been issued to finance the Development Impact Fee Deferral, follow Steps 8.a.2 and 8.a.3, using for Step 8.a.2 the longer of (i) 30 years from the year in which the Parcel was first subject to the Facilities Special Tax during the Deferral Bonding Period, or (ii) the end of the then-remaining Deferral Bonding Period.

Step 8.a.9: Add the administrative cost of processing the Prepayment to the amount calculated in Step 8.a.8.

Step 8.a.10: The amount in Step 8.a.9 is the amount of the Full Prepayment of the Maximum Annual Special Tax for the Taxable Parcel.
b. Partial Prepayments will be calculated as described below:

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-23
The amount of any Partial Prepayment is limited to a maximum of 50 percent of the Full Prepayment amount determined in Step 8. a.10. When a Partial Prepayment is made, the full amount of Administrative fees and expenses determined in Step 8.a.7 shall be included in the Partial Prepayment calculation. The Facilities Special Tax that can be levied on a Parcel after a Partial Prepayment is made is equal to the Maximum Facilities Special Tax multiplied by one minus the percentage that has been prepaid. 9 . I n t e r p r e t a t i o n , A p p l i c a t i o n , a n d A p p e a l o f S p e c i a l T a x F o rm u l a a n d P r o c e d u r e s Any taxpayer who feels the amount of the Special Tax assigned to a Parcel is in error may file a notice with the CFO appealing the levy of the Special Tax. The CFO then will promptly review the appeal and, if necessary, will meet with the applicant. If the CFO verifies that the tax should be modified or changed, the Special Tax levy will be corrected and, if applicable in any case, a credit or refund will be granted.

Interpretations may be made by the City, without Resolution or Ordinance of the Council, for purposes of clarifying any vagueness or ambiguity as it relates to the Special Tax rate, the method of apportionment, the classification of properties, or any definition applicable to the CFD.

Without Council approval, the CFO may make minor, non-substantive administrative and technical changes to the provisions of this RMA that do not materially affect the rate, method of apportionment, or manner of collection of the Special Tax for purposes of administrative efficiency or convenience or to comply with new applicable federal, state, or local law.

The City, upon request of an owner of land in Improvement Area No. 1 that is not a Developed Parcel, also may amend this RMA in any manner acceptable to the City, without Resolution or Ordinance of the Council, upon the affirmative vote of such owner and without the vote of owners of any other land in Improvement Area No. 1, provided such amendment is only applicable to such owner’s land and does not reduce the total Maximum Annual CFD Special Tax Revenue.
1 0 . M a n n e r o f C o l l e c t i o n
The Special Tax will be collected in the same manner and at the same time as ad valorem property taxes, provided, however, the Administrator or its designee may directly bill the Special Tax and may collect the Special Tax at a different time, such as on a monthly or other periodic basis, or in a different manner, if necessary, to meet the City’s financial obligations.

LDR/RS-DS
AR-6

LDR/RS-DS
AR-5

LDR/RS-DS
AR-4

LDR/RS-DS
AR-11

LDR/RS-DS
AR-12
AR-21
AR-25

LDR/RS-DS
AR-34

LDR/RS-DS
AR-26

LDR/RS-DS
AR-22

LDR/RS-DS
AR-13

LDR/RS-DS
AR-30

LDR/RS-DS
AR-35

LDR/RS-DS
AR-24
AR-37
AR-32

MDR/RS-DS
AR-33
P/R
AR-66
AR-72A
OS
AR-71
OS
AR-75
OS
AR-81
OS
AR-79
OS
OS
AR-80
P/R
MDR/RS-DS AR-64A

MDR/RS-DS

MDR/RS-DS
LOT A1-A
(WESTBROOK

BOULEVARD &

INTERIOR ROADS)
LOT A7
(WESTBROOK

BOULEVARD &

INTERIOR ROADS)
LOT A2-B
(WESTBROOK

BOULEVARD &

INTERIOR ROADS)
LOT A4-A
(WESTBROOK

BOULEVARD &

INTERIOR ROADS)
LOT A9-C
(WESTBROOK

BOULEVARD &

INTERIOR ROADS)

BUILDING RELATIONSHIPS ONE PROJECT AT A TIME
3301 C St, Bldg. 100-B Tel 916.341.7760
Sacramento, CA 95816 Fax 916.341.7767
Attachment 1
Attachment 2
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Maximum Annual Facilities Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Before After
Transition Transition
Expected Land Uses (Tax Category) Event Event
[1]
Residential Uses per Unit per Unit
Low Density Residential (LDR) $4,300.00 $0.00
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
Low Density Residential (LDR) $3,600.00 $0.00
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
Medium Density Residential (MDR) $3,000.00 $0.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $1,500.00 $0.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2] per Taxable Acre per Taxable Acre Mixed Use (MU) [2] $0.00 $0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $27,772.37 $0.00
att2
[1] This amount is subject to increase by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Facilities Special Tax per Unit/Taxable Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Attachment 3
Amoruso Ranch CFD No. 1 (Public Infrastructure)Assigned Maximum Annual Facilities Special Taxes for Original Parcels for the Base Year of FY 2023-24 (Improvement Area No. 1) Large Lot Number [1] Original Parcel(s) Tax Category Acres Planned
Units
Improvement Area No. 1 [2] [3] [2] [3] [2] [3]
Phase 1 (Sub-phase 1A)AR-4 017-480-001-000 LDR 7.21 31 4.30 $4,300 $0 $133,300 AR-5 017-480-003-000 LDR 2.39 10 4.18 $4,300 $0 $43,000 AR-6 017-480-004-000 LDR 5.37 25 4.66 $4,300 $0 $107,500 AR-11 017-480-023-000 LDR 8.24 38 4.61 $4,300 $0 $163,400AR-12 017-480-007-000 LDR 3.13 16 5.11 $3,600 $0 $57,600 AR-13 017-480-006-000 LDR 5.39 30 5.57 $3,600 $0 $108,000 AR-21 017-480-009-000 MDR 2.05 15 7.32 $3,000 $0 $45,000 AR-22 017-480-010-000 LDR 6.05 32 5.29 $3,600 $0 $115,200 AR-24 017-480-030-000 LDR 2.50 12 4.80 $3,600 $0 $43,200 AR-25 017-480-011-000 MDR 5.29 38 7.18 $3,000 $0 $114,000 AR-26 017-480-012-000 LDR 9.26 48 5.18 $3,600 $0 $172,800 AR-30 017-480-013-000 LDR 2.89 13 4.50 $3,600 $0 $46,800 AR-32 017-480-046-000 MDR 7.78 58 7.46 $3,000 $0 $174,000 AR-33 017-480-045-000 MDR 5.14 42 8.17 $3,000 $0 $126,000AR-34 017-480-021-000 LDR 3.21 14 4.36 $4,300 $0 $60,200 AR-35 017-480-019-000 LDR 4.82 20 4.15 $4,300 $0 $86,000AR-37 017-480-031-000 MDR 4.96 39 7.86 $3,000 $0 $117,000 AR-64A Por. 017-480-014-000 Park 0.74 n/a n/a $0 $0 $0
AR-71 017-480-002-000 OS/(Paseos) 0.33 n/a n/a $0 $0 $0AR-72A Por. 017-480-048-000 OS/(Paseos) 0.64 n/a n/a $0 $0 $0AR-75 017-480-008-000 OS/(Paseos) 0.84 n/a n/a $0 $0 $0AR-79 017-480-018-000 OS/(Paseos) 0.39 n/a n/a $0 $0 $0AR-80 017-480-047-000 OS/(Paseos) 1.16 n/a n/a $0 $0 $0AR-81 017-480-022-000 OS/(Paseos) 1.19 n/a n/a $0 $0 $0A1-A ROW 6.30 n/a n/a $0 $0 $0 A2-B ROW 1.07 n/a n/a $0 $0 $0
A4-A ROW 7.00 n/a n/a $0 $0 $0
A-7 ROW 0.41 n/a n/a $0 $0 $0
A9-C ROW 0.13 n/a n/a $0 $0 $0
Totals 105.88 481 $1,713,000
att3
[1] Indicates village identifier assigned by City in the Amoruso Ranch Specific Plan.[2] This amount may be increased by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA. [3] If amended to include Annexation Parcels, the Maximum Annual Special Tax for Annexation Parcels would also be subject to the Tax Escalation Factor.

Assigned
Maximum Annual
Facilities Special
Tax per Unit
Assigned
Maximum Annual
Facilities Special
Tax per Taxable
Acre
Assigned
Maximum Facilities
Special Tax per
Village
Expected Land Uses
Planned
Units per
Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Attachment 4
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
Maximum Annual Maintenance Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Before After
Transition Transition
Expected Land Uses (Tax Category) Event Event
[1] [1]
Residential Uses per Unit per Unit
Low Density Residential (LDR) $0.00 $2,150.00
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
Low Density Residential (LDR) $0.00 $1,800.00
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
Medium Density Residential (MDR) $0.00 $1,500.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $0.00 $750.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2] per Taxable Acre
Mixed Use (MU) [2] $0.00 $0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $0.00 $0.00
att4
[1] This amount is subject to increase by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Maintenance Special Tax per Unit/Taxable Acre
Prepared by EPS 4/25/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Models\222064 model Sheet of 1 1

AMORUSO RANCH
BEING A PORTION OF SECTIONS 11 AND 14,
T. 11 N., R. 5 E., MOUNT DIABLO MERIDIAN

CITY OF ROSEVILLE COUNTY OF PLACER STATE OF CALIFORNIA

PROPOSED BOUNDARY MAP
(PUBLIC FACILITIES)
NOVEMBER 2022

BUILDING RELATIONSHIPS ONE PROJECT AT A TIME
3301 C St, Bldg. 100-B Tel 916.341.7760
Sacramento, CA 95816 Fax 916.341.7767
COMMUNITIES FACILITIES DISTRICT NO. 1
LEGEND

BOOK OF COMMUNITY FACILITIES DISTRICT, PAGE

CITY CLERK'S MAP STATEMENT

CITY CLERK'S MAP FILING STATEMENT

RECORDER'S STATEMENT
Map 1
EXHIBIT B:

List of Authorized
Facilities and Services
B-1 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\CFD No 1\Rate and Method\List of Authorized Facilities

6.13.2022.docx

EXHIBIT B
City of Roseville
Amoruso Ranch Specific Plan
Community Facilities District No. 1
(Public Facilities)
Placer County, California

LIST OF AUTHORIZED FACILITIES AND SERVICES
A u t h o r i z e d F a c i l i t i e s
Transportation Improvements
Public roadway improvements designed to meet the needs of the project, including those improvements identified in the project Development Agreement (DA), including but not limited to;
• Westbrook Boulevard
• West Sunset Boulevard
Eligible roadway improvements include the following items: acquisition of land and easements; roadway design; project management; geotechnical engineering, testing and observations; bridge crossings and culverts; clearing, grubbing, and demolition; grading, intract subdivision roadway improvements, soil import/export, paving (including slurry seal), and decorative/enhanced pavement concrete or pavers; power pole relocations; joint trenches, underground utilities, and undergrounding of existing utilities; dry utilities and appurtenances; curbs, gutters, sidewalks, bike trails (including on- and off-site), park and ride facilities, bus rapid transit improvements, including transfer stations and regional public transit improvements; retaining walls, sound walls, 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; bus shelters; 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, dry utilities, 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 potable and non-potable mains, valves, services, and appurtenances; wells; and water treatment and storage facilities, and related improvements, including but not limited to: 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, sanitary sewer, and List of Authorized Facilities and Services
Exhibit B June 2022
B-2
water service; landscaping and irrigation; access gates and fencing; striping and signage; and the following:
• Water lines in/associated with authorized facility roads • Recycled water lines in/associated with authorized facility roads • Well construction or financial contributions thereto
• Water Tank Site Improvements
• Recycled Water Storage Tank Facility or financial contributions thereto Drainage System Improvements
Authorized facilities include any and all on- and off-site backbone drainage and storm drainage improvements designed to meet the needs of development of the project. These facilities include 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; striping and signage; and the following:
• All storm drain lines and facilities in/associated with authorized facility roadways • Retention, detention, hydro-modification, and other drainage facilities Wastewater System Improvements
Authorized facilities include any and all on- and off-site backbone wastewater facilities designed to meet the needs of development of the project. These facilities include pipelines and all appurtenances thereto; manholes; tie-in to existing main line; force mains; lift stations; storage tanks; odor-control facilities; sewer treatment plant improvements and permitting related thereto; and related sewer system improvements, including but not limited to:
• All wastewater facilities in/associated with authorized facility roadways • Sewer pump station/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 prorata contribution to shared facilities.

Park, Landscape Corridor and Paseo Improvements
Authorized facilities include any and all improvements to parks, landscape corridors and paseos located in the project, including but not limited to:
• Construction of Park Sites
• Construction of Paseos
• Construction of Trails
List of Authorized Facilities and Services
Exhibit B June 2022
B-3
Open Space Improvements
Authorized facilities include any and all open space improvements designed to meet the needs of development of the project, including bike trails, bike/pedestrian bridges, storm drain crossings, storm drain detention/retention, wetland mitigation, tree mitigation, on-and off-site hawk/raptor mitigation, agricultural mitigation or other environmental mitigation, property acquisition, endowment payments/PCA fees for open space management monitoring, landscaping and irrigation, access gates and fencing, and related open space improvements, including but not limited to:
• Improvements related to all Preserved and General Open Space Parcels • Wetland creation mitigation monitoring, fencing, etc.

Utilities
Authorized facilities include any and all on- and off-site 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 also shall include costs related to the off-site electric substation site; site clearing; grading; street frontage improvements, including curbs, gutters, and paving; and construction of an all-weather access road to the site from the nearest public street or extension of temporary overhead lines as described in the project DA, including but not limited to:
• Electric Substation improvements
Other Public Facilities
Authorized facilities include any and all public facilities or infrastructure, including the project’s improvements to the fire station site, site clearing, grading, and street frontage improvements including curbs, gutters, and paving.

Development Impact Fees
Authorized facilities include development impact fees paid and not otherwise reimbursed, whether standard City or County fees levied at the time of the issuance of a building permit or required as part of the DA for the property. Fees include, but are not limited to, City Traffic Fees, Placer Conservation Authority (PCA) Fee, the South Placer Regional Transportation Authority Tier II Traffic Fee, City of Roseville City Wide Park Fee, City of Roseville Public Facilities Fee, Pre-paid DA Fees, and Public Benefit Fee.

Formation, Administrative, and Incidental Expenses
In addition to the above facilities, other expenses incidental to the above and authorized by the Mello-Roos Community Facilities Act of 1982, including but not limited to: the cost of planning, permitting, and designing the facilities (including the cost of environmental evaluation, orthophotography, environmental remediation/mitigation monitoring, and preparation of an overarching Operation and Maintenance Plan for the City of Roseville Open Space Preserves); land acquisition and easement payments for the facilities; project management; construction List of Authorized Facilities and Services
Exhibit B June 2022
B-4
staking; engineering studies and reports; utility relocation and demolition costs incidental to construction of the facilities, wetland/Species mitigation purchase; reimbursements to other areas for infrastructure facilities or planning serving development in the CFD; Amoruso Ranch Specific Plan planning, legal, engineering, technical studies costs related to the facilities and any other expenses incidental to the construction, completion, and inspection of the facilities.

In addition, costs eligible to be financed by the CFD shall include all costs associated with the formation and ongoing administration of the CFD and issuance of bonds; determination of the amount of taxes and collection of taxes; inspection, plan check and other costs related to acceptance of the facilities by the City, payment of taxes; and any other costs incurred to carry out the authorized purposes of the CFD.

A u t h o r i z e d S e r v i c e s
The authorized services to be funded from the levy and collection of annual maintenance special taxes are the provision of public services, maintenance and operation related to any facilities authorized to be funded by the CFD with a useful life of five or more years, including but not limited to performance by employees of functions and repair activities. Maintenance as used herein includes replacement and the creation and funding of a reserve fund to pay for a replacement of such facilities. The maintenance special taxes shall only fund authorized services to the extent that they are in addition to those provided to land within the CFD prior to the creation of the CFD.

CITY COUNCIL OF THE CITY OF ROSEVILLE
RESOLUTION NO. 23-292

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE TO FORM A

COMMUNITY FACILITIES DISTRICT, DESIGNATE AN IMPROVEMENT AREA THEREIN,

ESTABLISH A FUTURE ANNEXATION AREA, PROVIDE FOR ADDITIONAL FUTURE

IMPROVEMENT AREAS THEREIN, AND TO AUTHORIZE THE LEVY OF A SPECIAL TAX

THEREIN TO FINANCE PUBLIC FACILITIES AND PUBLIC SERVICES IN AND FOR SUCH

COMMUNITY FACILITIES DISTRICT
WHEREAS, on April 5, 2023, the City Council (the “City Council”) of the City of Roseville (the “City”) adopted a resolution entitled “A RESOLUTION OF INTENTION OF THE CITY

COUNCIL OF THE CITY OF ROSEVILLE TO FORM A COMMUNITY FACILITIES DISTRICT,

DESIGNATE AN IMPROVEMENT AREA THEREIN, ESTABLISH A FUTURE ANNEXATION

AREA, PROVIDE FOR ADDITIONAL FUTURE IMPROVEMENT AREAS THEREIN, AND TO

AUTHORIZE THE LEVY OF A SPECIAL TAX THEREIN TO FINANCE PUBLIC FACILITIES AND PUBLIC SERVICES IN AND FOR SUCH COMMUNITY FACILITIES DISTRICT” (the “Resolution of Intention”), stating its intention to form “City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)” (the “CFD”), and “City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) (Future Annexation Area)” (the “Future Annexation Area”), pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and
WHEREAS, the Resolution of Intention, describing a map of the proposed boundaries of the CFD and the Future Annexation Area, including territory within the CFD to be designated, pursuant to Section 53350 of the Act, as “Improvement Area No. 1 of the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)” (“Improvement Area No. 1”), and stating the facilities and services to be provided by the CFD, the rate and method of apportionment of the special tax to be levied within the CFD, and the expectation to use bonds to finance authorized facilities, is on file with the City Clerk and the provisions thereof are incorporated herein by this reference as if fully set forth herein; and WHEREAS, on this date, this City Council held a noticed public hearing as required by the Act and the Resolution of Intention relative to the proposed formation of the CFD, the designation of Improvement Area No. 1, and the designation of the Future Annexation Area; and WHEREAS, at the hearing all interested persons desiring to be heard on all matters pertaining to the formation of the CFD, the designation of Improvement Area No. 1, and the designation of the Future Annexation Area, the facilities and services to be provided therein and the levy of said special tax were heard and a full and fair hearing was held; and WHEREAS, at the hearing evidence was presented to this City Council on said matters before it, including a report caused to be prepared by the Chief Financial Officer of the City (the “Report”) as to the facilities and services to be provided through the CFD and the costs thereof, a copy of which is on file with the City Clerk, and this City Council at the conclusion of said hearing is fully advised in the premises; and
WHEREAS, written protests with respect to the proposed establishment of the CFD, the designation of Improvement Area No. 1, the furnishing of specified types of facilities and services 2 and the rate and method of apportionment of the special taxes have not been filed with the City Clerk by 50% or more of the registered voters residing within the territory of the CFD or property owners of one-half or more of the area of land within the CFD and not exempt from the proposed special tax or 50% or more of the registered voters residing within the territory of the CFD or property owners of one-half or more of the area of land within the CFD and not exempt from the proposed special tax; and
WHEREAS, written protests against the proposed establishment of the Future Annexation Area and future annexation of parcels therein to the CFD have not been filed with the City Clerk by (i) 50% of more of the registered voters, or six registered voters, whichever is more, residing in the proposed boundaries of the CFD, or (ii) 50% or more of the registered voters, or six registered voters, whichever is more, residing in the Future Annexation Area, (iii) owners of onehalf or more of the area of land in the proposed CFD or (iv) owners of one-half or more of the area of land in the Future Annexation Area; and

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEVILLE RESOLVES AS FOLLOWS:

1. Recitals Correct. The foregoing recitals are true and correct.

2. No Majority Protest. The establishment of the CFD, the designation of Improvement Area No. 1, the furnishing of specified types of facilities and services and the rate and method of apportionment of the special taxes within Improvement Area No. 1 of the CFD have not been precluded by majority protest pursuant to Section 53324 of the Act; and the establishment of the Future Annexation Area and the furnishing of specified types of facilities and services therein and the establishment of the Future Annexation Area have not been precluded by majority protest pursuant to Section 53339.6 of the Act.

3. Prior Proceedings Valid. All prior proceedings taken by this City Council in connection with the establishment of the CFD, the designation of Improvement Area No. 1, the designation of the Future Annexation Area, and the levy of the special tax have been duly considered and are hereby found and determined to be valid and in conformity with theAct.

4. Name of CFD and Future Annexation Area; Designation of Improvement Area No. 1. “City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)” is hereby established pursuant to the Act and “City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) (Future Annexation Area)” is hereby established as a Future Annexation Area to the CFD pursuant to theAct.

Within the CFD an area to be known as “Improvement Area No. 1 of the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities)” is hereby designated in accordance with Section 53350 of the Act.

5. Future Annexations. Territory annexed to the CFD from the Future Annexation Area may be annexed into Improvement Area No. 1, may be annexed into an improvement area (herein, an “Improvement Area”) subsequently designated, or may be annexed into a newlydesignated Improvement Area (each, a “Future Improvement Area”).

Parcels within the Future Annexation Area shall be annexed only with the unanimous approval (each, a “Unanimous Approval”) of the owner or owners of each parcel or parcels at the 3 time that parcel or those parcels are annexed to the CFD, without any requirement for further public hearings or additional proceedings.

The designation of a parcel or parcels as a Future Improvement Area shall be specified and approved by the Unanimous Approval at the time that the parcel or parcels are annexed to the CFD. After the designation of a parcel or parcels as a Future Improvement Area, the establishment of an appropriations limit, the rate and method of apportionment and manner of collection of special taxes, and the authorization to incur bonded indebtedness may differ from other areas of the CFD, all as set forth in the Unanimous Approval, and shall apply only to the parcel or parcels within such Future Improvement Area, all without any requirement for further public hearings or additional proceedings.

6. Boundaries of CFD, Improvement Area No. 1 and Future Annexation Area.

The boundaries of the CFD, Improvement Area No. 1 and the Future Annexation Area, as set forth in the map of the CFD heretofore recorded in the Placer County Recorder’s Office on April 11, 2023 in Book 4 at Page 83, as Document No. 2023-0018570 of Maps of Assessment and Community Facilities Districts, are hereby approved, are incorporated herein by reference and shall be the boundaries of the CFD, Improvement Area No. 1 and the Future Annexation Area, respectively.

7. Description of Facilities and Services. The type of public facilities and services proposed to be financed by the CFD and each Improvement Area thereof pursuant to the Act shall consist of those items listed as facilities and services in Exhibit B hereto and by this reference incorporated herein (the “Facilities” and “Services”). The financing of the costs of Facilities may include, without limitation, the payment of principal of and interest on bonds together with all direct, indirect periodic, and/or other related costs (including, without limitation, costs of administering the CFD, levying the Special Tax and administering the bonds, and establishing and replenishing reserve funds).

The Services authorized are those in addition to those provided in the territory of the CFD and the Future Annexation Area as of the date hereof and will not supplant services already available within the territory of the CFD as of the date hereof and, as to annexed territory, will not supplant services already available within the territory of the territory annexed from the Future Annexation Area. The City intends to provide the Services on an equal basis within the original territory of the CFD and, when it has been annexed to the CFD, the territory within the Future Annexation Area.

Upon designation of a parcel or parcels as within a new Future Improvement Area, the Facilities financed by such area may include facilities which differ from other areas of the CFD as set forth in the Unanimous Approval, and shall be financed only by the parcel or parcels within such Future Improvement Area, without any requirement for further public hearings or additional proceedings. Bonds may be issued secured by special taxes of any single Improvement Area or any combination of Improvement Areas.

8. Special Tax.
a. Except to the extent that funds are otherwise available to pay for the Facilities and/or Services, to pay the principal and interest on bonds and other debt (as defined in the Act) of the CFD issued for any Improvement Area, to the repayment of funds advanced by the City for the CFD or any Improvement Area and including the repayment under any agreement (which shall not constitute a debt or liability of the City) of advances 4 of funds or reimbursement for the lesser of the value or cost of work in-kind provided by any person for any Improvement Area, a special tax (the respective “Facilities Special Tax” and “Maintenance Special Tax” and together, the “Special Tax”) sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property is intended to be levied annually and collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this Council. b. The proposed rate and method of apportionment of the Special Tax among the parcels of real property within Improvement Area No. 1 of the CFD, in sufficient detail to allow each landowner within Improvement Area No. 1 of the CFD to estimate the maximum amount such owner will have to pay, is attached hereto as Exhibit A and is hereby incorporated herein (the “Rate and Method”).
c. The Special Tax shall be levied in the amount and for the duration set forth in the applicable Rate and Method. The Special Tax to finance the Facilities to be levied on any parcel used for private residential purposes in any Improvement Area shall not be levied beyond the period of time permitted in the Rate and Method, except that a Special Tax that was lawfully levied in or before the final tax year and that remains delinquent may be collected in subsequent years. Under no circumstances shall the Special Tax levied against any parcel used for private residential purposes be increased as a consequence of delinquency or default by the owner of any other parcel or parcels within Improvement Area No. 1 of the CFD by more than 10 percent, in contravention of the Act, including Section 53321(d) of the Act.

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

No supplements or amendments to the Rate and Method established in connection with the annexation of territory to an Improvement Area shall cause the maximum tax rate in the then-existing territory of the CFD to increase.
d. As required by Section 53339.3(d) of the Act, the Council hereby determines that the Special Tax proposed to pay for one or more Facilities to be supplied within the Future Annexation Area will be equal to the Special Taxes levied to pay for the same Facilities in previously-existing areas of the CFD, except that (i) a higher Special Tax may be levied within any Improvement Area to pay for the same Facilities to compensate for the interest and principal previously paid from Special Taxes in any other Improvement Area, less any depreciation allocable to the financed Facilities and (ii) a higher Special Tax may be levied within any Improvement Area established from the Future Annexation Area to pay for new or additional Facilities, with or without bond financing.

As required by Section 53339.3(d) of the Act, the Council hereby further determines that the Special Tax proposed to pay for Services to be supplied within the Future Annexation Area shall be equal to any Special Tax levied to pay for the same Services in the in other areas of the CFD, except that a higher or lower tax may be levied within the Future Annexation Area to the extent that the actual cost of providing the Services in the Future Annexation Area is higher or lower than the cost of providing those Services in other areas of the CFD. In so finding, the Council does not intend to limit its ability to levy a Special Tax within the Future Annexation Area to provide new or additional services beyond those supplied within the existing CFD and the Improvement Areas.

9. Increased Demands. It is hereby found and determined that the Facilities and Services are necessary to meet increased demands placed upon local agencies as the result of development occurring in the CFD.

10. Responsible Official. The Assistant City Manager/Chief Financial Officer of the City of Roseville, 311 Vernon Street, Roseville, CA 95678, (916) 774-5313, is the officer of the City who will be responsible for preparing annually a current roll of special tax levy obligations by assessor’s parcel number and who will be responsible for estimating future special tax levies pursuant to the Act.

11. Tax Lien. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code of California, a continuing lien to secure each levy of the special tax shall attach to all nonexempt real property in the CFD and this lien shall continue in force and effect until the special tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the tax by the City ceases. 6 Upon annexation into the CFD by Unanimous Approval, the Clerk shall record an amended notice of special tax lien pursuant to Section 3117.5 of the Streets & Highways Code, or a new notice of special tax lien pursuant to Section 3114.5, as appropriate.

12. Appropriations Limit. In accordance with the Act, the annual appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, of the CFD is hereby preliminarily established at $594,000,000; and said CFD appropriations limit shall be submitted to the voters of the CFD as hereafter provided. The proposition establishing said annual appropriations limit shall become effective if approved by the qualified electors voting thereon and shall be adjusted in accordance with the applicable provisions of the Act.

The designation as an improvement area of any territory annexing to the CFD, the rate and method of apportionment of special tax for such improvement area and the appropriations limit for such improvement area shall be identified and approved in the Unanimous Approval executed by property owners in connection with their annexation to the CFD.

13. Pursuant to Section 53314.9 of the Act, at any time either before or after the formation of the CFD, the legislative body may accept advances of funds or work in kind from any source, including, but not limited to, private persons or entities, and may provide, for the use of those funds or that work in kind for any authorized purpose, under all of the following conditions:
(a) the proposal to repay the funds or the value or cost of the work in kind, whichever is less, is included in both the Resolution of Intention and in this Resolution pursuant to Section 53325.1; (b) any proposed Special Taxes are approved by the qualified electors of the CFD at the time of formation or annexation pursuant to the Act; and (c) any work in kind accepted pursuant to Section 53314.9 of the Act is performed or constructed as if the work had been performed or constructed under the direction and supervision, or under the authority of a local public agency. This Council finds that the City may accept advances of funds or work in kind if necessary, and may enter into an agreement (an “Acquisition Agreement”), by resolution, with the person or entity advancing the work in-kind, to reimburse the person or entity for the value, or cost, whichever is less, of the work in-kind, as determined by the City Council, with or without interest, under the conditions specified in the Act and an Acquisition Agreement. The City and the developer of the project intend to enter into an Acquisition Agreement.

14. Election. Pursuant to the provisions of the Act, the proposition of the levy of the special tax and the proposition of the establishment of the appropriations limit specified above shall be submitted to the qualified electors of the CFD at an election. The time, place and conditions of the election shall be as specified by a separate resolution of this City Council.

15. Effective Date. This resolution shall take effect upon its adoption. * * * * * * * * * * *
7 The foregoing Resolution was adopted by the City Council of the City of Roseville on the day of , 2023, on the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

Mayor
ATTEST:

City Clerk
Economic & Planning Systems, Inc. (EPS) A-1

EXHIBIT A
Improvement Area No. 1 of the
City of Roseville
Amoruso Ranch Community Facilities District No. 1
(Public Facilities)
Placer County, State of California

RATE, METHOD OF APPORTIONMENT, AND

MANNER OF COLLECTION OF SPECIAL TAX
1 . Ba s i s of Spe c ia l T a x L e v y
A Special Tax authorized under the Mello-Roos Community Facilities Act of 1982 (Act) applicable to the land in Improvement Area No. 1 of the City of Roseville Amoruso Ranch Community Facilities District No. 1 (Public Facilities) shall be levied and collected according to the tax liability determined by the City through the application of the appropriate amount or rate, as described below.
2 . Definitions
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on an Assessor’s Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map or other Development Plan. “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, Sections 53311 and following of the California Government Code. “Administrative Expenses” means the actual or reasonably estimated costs related to the administration of Improvement Area No. 1, including, but not limited to, these for Improvement Area No. 1:
a. Costs of computing Special Taxes and preparing annual Special Tax collection schedules (whether by the City or any designee thereof or both). b. Costs of collecting the Special Taxes (whether by the County, the City, or otherwise). c. Costs of remitting the Special Taxes to the Trustee. d. Costs of the Trustee (including its legal counsel) in the discharge of the duties required of it under the Bond Indenture.
e. Costs to the City, CFD, or any designee thereof, of complying with arbitrage rebate requirements.

A Multifamily Parcel may have only a portion of the Units assigned as Affordable Units.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-3
b. The amount needed to replenish the reserve fund for the Bonds to the level required under the Bond Indenture, to the extent not included in a computation of Annual Facilities Costs in a previous Fiscal Year.
c. Administrative Expenses for such Fiscal Year.
d. The amount needed to (1) cure any delinquencies in the payment of the Facilities Special Tax in the prior Fiscal Year, to the extent not otherwise included in a computation of Annual Facilities Costs in the current or any previous Fiscal Year, and (2) to fund any foreseeable deficiency in the payment of the Facilities Special Tax for that Fiscal Year which is expected to occur in such Fiscal Year, to the extent not included in a computation of Annual Facilities Costs in the current or any previous Fiscal Year.
e. Authorized Pay-As-You-Go Costs so long as the inclusion of these costs does not increase the Special Tax levy on Undeveloped Property, Large Lot Parcels, Small Lot Tentative Map Parcel, or Final Use Small Lot Parcels.
f. During the Deferral Bonding Period, the amount needed to pay Development Impact Fee Deferrals not financed by Bonds.
g. Less any available earnings on any reserve fund or Facilities Special Tax funds, available capitalized interest or any other available revenues of Improvement Area No. 1 or the City that may be used to fund Annual Facilities Costs. “Annual Maintenance Costs” means, for any Fiscal Year, the total of these for Improvement Area No. 1:
a. Authorized Services costs to be paid from Maintenance Special Taxes. b. Administrative Expenses for such Fiscal Year.
c. The amount needed to (1) cure any delinquencies in the payment of the Maintenance Special Tax in the prior Fiscal Year, to the extent not otherwise included in a computation of Annual Maintenance Costs in the current or any previous Fiscal Year, and (2) to fund any foreseeable deficiency in the payment of the MaintenanceSpecial Tax for that Fiscal Year which is expected to occur in such Fiscal Year, to the extent not included in a computation of Annual Maintenance Costs in the current or any previous Fiscal Year.
d. Less any available earnings on any reserve fund, Maintenance Special Tax funds or any other available revenues of Improvement Area No. 1 or the City that may be used to fund Annual Maintenance Costs.
“Anticipated Construction Proceeds” means the amount anticipated to be available through Improvement Area No. 1 for acquiring or constructing Authorized Facilities, which is equal to $27.8 million at formation of Improvement Area No. 1 of the CFD. This amount is increased on July 1 of the current Fiscal Year for the prior calendar year by the average increase in the ENR-CCI.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-7
“Maximum Annual Special Tax” means the greatest amount of Facilities Special Tax or Maintenance Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, and 4.
“Maximum Annual Facilities Special Tax” means the greatest amount of Facilities Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, or 4.
“Maximum Annual Maintenance Special Tax” means the greatest amount of Maintenance Special Tax that can be levied against a Parcel in a given Fiscal Year, as shown in Attachments 2, 3, or 4.
“Maximum Annual Special Tax Rate” means the maximum rate of Facilities Special Tax or Maintenance Special Tax charged per Unit or per Taxable Acre each Fiscal Year, as shown in Attachments 2, 3, and 4, as subsequently escalated by the Tax Escalation Factor.
“Maximum Annual Facilities Special Tax Revenue” means the greatest amount of Facilities Special Tax revenue that can be collected in total from a group of Parcels (such as Developed Parcels) by levying the Maximum Annual Facilities Special Tax. “Maximum Annual Maintenance Special Tax Revenue” means the greatest amount of Maintenance Special Tax revenue that can be collected in total from a group of Parcels (such as Developed Parcels) by levying the Maximum Annual Maintenance Special Tax. “Maximum Annual CFD Special Tax Revenue” means the sum of the Maximum Annual Special Tax levied on all Taxable Parcels in the CFD in a Fiscal Year. “Medium Density Residential” means, per the Amoruso Ranch Specific Plan, a land use designation that accommodates both single-family detached homes and attached homes within the density range of 7.0 to 12.9 dwelling units per gross developable acre. Typical housing product types include, but shall not be limited to, standard or alley-loaded lots, courtyard lots, green court lots, auto courts, alley clusters, zero-lot lines, or z-shaped lots. In addition, duet/half-plex homes, townhomes, or condominiums may be accommodated in Medium Density Residential areas.
“Mixed Use Parcel” means a Parcel or Parcels designated for a combination of Residential Uses and Nonresidential Uses.
“Multifamily For-Rent” or “Multifamily For-Rent Parcel” means any Parcel designated or developed for more than one residential dwelling Unit per Parcel and where such units are initially offered for rent to the general public and cannot be purchased by individual homeowners. Such uses may consist of apartments or structures such as duplexes or triplexes, including land uses defined as High Density Residential. Each residential dwelling Unit within Multifamily For-Rent or Multifamily For-Rent Parcels is not expected to have its own distinct Assessor’s Parcel Number. “Multifamily For-Sale” or “Multifamily For-Sale Parcel” means any Parcel designated or developed for more than one residential dwelling Unit within a single building or structure and that may share at least one common wall where such units are notinitially Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-8
offered for rent to the general public and initially may be offered for sale to individual homeowners. Such uses may consist of condominiums or buildings such as half-plexes or time-share units, including land uses defined as High Density Residential. Multifamily For-Sale Parcels are anticipated to have their own distinct Assessor’s Parcel Number as is the case in residential condominium projects. Once designated as Multifamily For-Sale or Multifamily For-Sale Parcel, the Parcel shall remain so designated unless the original structures are demolished.
“Nonresidential Use” means a Taxable Parcel zoned for land uses other than Residential Uses which may include Business Professional, Community Commercial and Mixed Use. “Original Parcel” means a Taxable Parcel in Improvement Area No. 1 identified in Attachment 1 at formation of theCFD.
“Outstanding Bonds” means the total principal amount of Bonds that have been issued and not fully repaid or legally defeased.
“Parcel” means any Assessor’s Parcel in Improvement Area No. 1 based on the equalized tax rolls of the County as of January 1 of each Fiscal Year. “Partial Prepayment” means the partial fulfillment of a Parcel’s Facilities Special Tax obligation, as determined by following the procedures in Section 8. “Pay-As-You-Go Costs” means that portion of costs of acquisition, construction, and improvement of Authorized Facilities not financed by Bonds that are eligible for funding from the Facilities Special Tax.
“Prepayment” means the Full Prepayment or Partial Prepayment of a Parcel’s Facilities Special Tax obligation, as determined by following the procedures in Section 8. “Proportionately” means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Developed Parcels. For Small Lot Tentative Map Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Small Lot Tentative Map Parcels. For Large Lot Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Large Lot Parcels. For Undeveloped Parcels, Proportionately means that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Undeveloped Parcels. “Public Parcel” means any Parcel that is or is intended to be publicly owned, as designated in any final map, that is normally exempt from the levy of general ad valorem property taxes under California law, including, but not limited to, public streets, schools, parks, and public drainageways, landscaping, wetlands, greenbelts, and open space. “Remainder Parcel” means a portion of a unit of land that is created as a result of the recording of a Large Lot Parcel Map or Final Small Lot Subdivision Map, which results in a designated remainder as defined in Government Code Section 66424.6(a) (Remainder Parcel). Such a Remainder Parcel may contain taxable and tax-exempt uses, such as Residential Uses, and Public Parcels, such as park sites. Once designated as a Remainder Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-9
Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6. “Remaining Facilities Costs” means the amount of Anticipated Construction Proceeds less construction proceeds from previous Bond issuances and less costs of Authorized Facilities funded on a Pay-As-You-Go Basis from the levy of the Special Tax. “Remaining Facilities Cost Share” means the Remaining Facilities Costs multiplied by the Benefit Share.
“Residential Use” means a Parcel designated for residential use, such as single-family residential Units, residential condominiums, townhouses, or apartments that would be included in the definitions of Low-Density Residential, Medium Density Residential or High Density Residential.
“RMA” means this Rate and Method of Apportionment, and Manner of Collection of Special Tax, as it may be amended from time to time in connection with Annexation Parcels or otherwise.
“Single-Family Parcel” means, in any Fiscal Year, all Parcels in Improvement Area No. 1 for which a building permit was issued or may be issued for construction of a Unit that is a single-family residential, residential condominium, or townhouse Unit. “Small Lot Tentative Map” means a map that is approved by the City for the purpose of showing the design of a proposed Subdivision, including the individual buildable lots expected in the Subdivision, as well as the conditions pertaining thereto. The Small Lot Tentative Map designation for this RMA is in reference only to the areas shown on the map on which Low-Density Residential and Medium-Density Residential uses would be permitted. A Small Lot Tentative Map is not based on a detailed survey of the property in the map and is not recorded at the County Recorder’s Office to create legal lots. “Small Lot Tentative Map Parcel” means, in any Fiscal Year, all Parcels included in a Small Lot Tentative Map that was approved before May 1 of the prior Fiscal Year that are planned for Low-Density Residential and Medium-Density Residential and which have not yet become a Developed Parcel.
“Special Tax(es)” mean(s) any tax levy under the Act in Improvement Area No. 1. “Subdivision” or “Subdivided” means a division of a Parcel into two or more Parcels through Parcel reconfiguration, lot-line adjustments, or the Subdivision Map Act process.

Certain privately-owned Parcels also may be exempt from the levy of Annual Special Taxes, including common areas owned by homeowner’s associations or property owner associations, wetlands, detention basins, water quality ponds, and open space, as determined by the Administrator.
“Transition Event” means for Improvement Area No. 1, the earlier of (a) after the Initial Bonding period, the Fiscal Year in which the Administrator determines the Development Impact Fee Deferral, including any Debt Service and Administrative Expenses associated with any Bonds issued to satisfy Development Impact Fee Deferrals, and any eligible PayAs-You-Go Costs have been repaid in full to the City and City determines funding is no longer needed for Annual Facilities Costs, or (b) Fiscal Year 2088-89. “Transition Year” means, for Improvement Area No. 1, the first Fiscal Year following the Fiscal Year in which the Transition Event occurred.
“Trustee” means a national banking association organized and existing under the laws of the United States acting as a trustee or fiscal agent for Bonds. “Undeveloped Parcel” means a Taxable Parcel that is not a Developed Parcel, Small Lot Tentative Map Parcel, or a Large Lot Parcel.
“Unit” means, for a Single-Family Parcel, the individual residential unit on such Parcel, or for a Multifamily For-Rent Parcel or Multifamily For-Sale Parcel, an individual residential unit in a multifamily building.
3 . Dur a tio n o f t he Spe c ia l T a x
The Facilities Special Tax will be levied and collected until the earlier of (i) the Transition Year or (ii) Fiscal Year 2088-89. The Maintenance Special Tax will be levied and collected beginning in the Transition Year. The Maintenance Special Tax will thereafter be collected in perpetuity.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-11
4 . Admini s t rative T a sk s for the F a c i l ities
Spe c ia l T a x
The provisions of Section 4 shall apply to Improvement Area No. 1:
a. Annual Special Tax Escalation. Until the Fiscal Year following the Transition Event, the Administrator shall increase the Maximum Annual Facilities Special Tax, the Maximum Annual Maintenance Special Tax and Maximum Annual Special Tax Rates by the Tax Escalation Factor in all Fiscal Years following the Base Year. In the Transition Year and thereafter, the City, in its sole discretion, may determine whether to apply the Tax Escalation Factor to the Maximum Annual Maintenance Special Tax in any Fiscal Year.
b. Assignment of the Maximum Annual Facilities Special Tax to Original Parcels.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-13

Sum the Maximum Annual Facilities Special Taxes for all Single-Family Parcels created by the Subdivision.

Once designated as a Remainder Parcel, such Parcel will be considered a Large Lot Parcel for the purposes of future Subdivisions and for the provisions of Sections 4 through 6.

3. If an Original or Successor Parcel is Subdivided creating multiple land uses and Tax Categories or for any rezones of land uses on Original or Successor Parcels:

A. Identify the Assigned Maximum Annual Facilities Special Tax for the Original Parcel or Successor Parcel that is being Subdivided or rezoned.

Sum the Maximum Annual Facilities Special Taxes for all High Density Residential Units created by the Building Permit.

Before the transfer, the City may require a deposit from the requesting property owner for such costs.
g. Reduction of the Maximum Annual Facilities Special Tax Prior to First Bond Sale. At the request of the Master Builder, the Maximum Annual Special Taxes set forth in Attachments 2, 3 and 4 may be reduced for a given Tax Category, once, prior to the First Bond Sale. The reduction in this paragraph (g) may occur in a single Tax Category or multiple Tax Categories, and there shall be no requirement that the reduction in one Tax Category be proportionate to the reduction in another Tax Category. Such reduction shall be made without a vote of the qualified electors within the CFD following discussion with the Master Builder and the City. Any such reduction shall occur at least 30 days prior to the First Bond Sale. The Special Tax reductions permitted pursuant to this paragraph shall be reflected in an Amended Notice of Special Tax Lien, which the Administrator shall cause to be recorded. h. Conversion of a Tax-Exempt Parcel to a Taxable Parcel. If a Tax-Exempt Parcel is not needed for public use and is converted to a taxable use or transferred to a private owner, it shall become subject to the Facilities Special Tax. The Maximum Annual Facilities Special Tax for the newly Taxable Parcel will be determined using the provisions of Sections 4 and 5 of the RMA.
i. Taxable Parcels Acquired by a Public Agency. A Taxable Parcel that is acquired by a public agency after the CFD is formed will remain subject to the applicable Special Tax unless the Special Tax obligation is satisfied pursuant to Section 53317.5 of the Government Code. An exception to this may be made if a Public Parcel, such as a park site, is relocated to a Taxable Parcel, in which case the previously Tax-Exempt Parcel of comparable acreage becomes a Taxable Parcel and the Maximum Annual Facilities Special Tax from the previously Taxable Parcel is transferred to the new Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-17
Taxable Parcel. This trading of a Parcel from a Taxable Parcel to a Public Parcel will be permitted to the extent there is no net loss in Maximum Annual CFD Special Tax Revenue and the transfer is agreed to by the owners of the Parcels involved in the transfer and the CFO.
5 . Admini s t r ative T asks for the M aintenance
Spe c ia l T a x
This section discusses the administrative tasks for the Maintenance Special Tax, which shall be applicable after the Transition Event.

The provisions of Section 5 shall apply to Improvement Area No. 1. as set forth below:
a. Assignment of the Maximum Annual Maintenance Special Tax to Developed Parcels.

In the Fiscal Year following the Transition Event, the Administrator shall assign the Maximum Annual Maintenance Special Tax to all Developed Parcels using the Maximum Annual Special Tax Rates for the Maintenance Special Tax by Tax Category shown in Attachment 4, as adjusted by the Tax Escalation Factor. b. Assignment ofthe Maximum Annual Maintenance Special Tax to Successor Parcels.

After the Transition Event, if Original Parcels and Successor Parcels are Subdivided through creation of Final Small Lot Subdivision Maps, lot line adjustments or other Parcel amendments throughtheSubdivision MapAct process,theAdministrator shall use the steps in Section 4.d to assign the Maximum Annual Maintenance Special Tax to new Successor Parcels. When applying Section 4.d after the Transition Event, the Administrator shall substitute Maintenance Special Tax for Facilities Special Tax and shall substitute Maximum Annual Maintenance Special Tax for Maximum Annual Facilities Special Tax.
c. Assignment of the Maximum Annual Maintenance Special Tax to Annexation Parcels.

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-18
d. Affordable Units that Become Market-Rate Units. If, in any Fiscal Year, the City Manager, or his or her designee, determines that a Unit that previously had been designated as an Affordable Unit no longer qualifies as such, the Affordable Housing Director shall update the Affordable Unit listing by denoting the change in status of the Unit, together with the effective date thereof. For all Affordable Units that are converted to Market-Rate Units, such Units shall be assigned the Maximum Annual Maintenance Special Tax per Unit based on their Tax Category as shown in Attachment 4, as adjusted by the Tax Escalation Factor. e. Conversion of a Tax-Exempt Parcel to a Taxable Parcel. If a Tax-Exempt Parcel is not needed for public use and is converted to a taxable use or transferred to a private owner, it shall become subject to the Maintenance Special Tax. The Maximum Annual Maintenance Special Tax for the newly Taxable Parcel will be determined using the provisions of Sections 5 and 6 of the RMA.
f. Taxable Parcels Acquired by a Public Agency. A Taxable Parcel that is acquired by a public agency after the CFD is formed will remain subject to the applicable Special Tax unless the Special Tax obligation is satisfied pursuant to Section 53317.5 of the Government Code. An exception to this may be made if a Public Parcel, such as a park site, is relocated to a Taxable Parcel, in which case the previously Tax-Exempt Parcel of comparable acreage becomes a Taxable Parcel and the Maximum Annual Maintenance Special Tax from the previously Taxable Parcel is transferred to the new Taxable Parcel. This trading of a Parcel from a Taxable Parcel to a Public Parcel will be permitted to the extent there is no net loss in Maximum Annual CFD Special Tax Revenue and the transfer is agreed to by the owners of the Parcels involved in the transfer and the CFO.
6 . As s ignment of the M aximum Annual Spec ial
T a x
The Administrator shall assign the Maximum Annual Special Tax using the procedures identified below:
a. Classification of Parcels. For purposes of the next Fiscal Year tax levy, by June 30 of each Fiscal Year, using the Definitions in Section 2, the Parcel records of the Assessor’s secured tax roll as of January 1, and other City development approval records, the Administrator shall cause:

1. Each Parcel to be classified as a Taxable Parcel or Tax-Exempt Parcel.

5. 7 . Cal culating Annual Spe c ia l Ta x e s
This section discusses the levy of the Facilities Special Tax and the Maintenance Special Tax. Collectively, these Special Taxes are included in the discussion of the assignment of the Maximum Annual Special Taxes. For the period following CFD formation until the Fiscal Year in which the Transition Event occurs, the Maximum Annual Special Tax shall refer to the Facilities Special Tax. Beginning with the Transition Year, the Maximum Annual Special Tax shall refer to the Maintenance Special Tax.

As necessary, the Facilities Special Tax shall be levied on Small Lot Tentative Map Parcels for the entire portion of Annual Facilities Costs, excluding Pay-As-You-Go Costs.

The Administrator will make every effort to calculate the Special Tax correctly for each Parcel. It will be the burden of the taxpayer to identify any errors in determining which Parcels are subject to the tax and their Special Tax assignments. 8 . Pr epa yment of the Fac i l ities Spec ia l Tax
Obl igation
Calculations of a Prepayment shall reflect the Improvement Area within which the Parcel seeking to prepay resides. A property owner may at any time prepay either 25 percent or 50 percent of the Full Prepayment, except that the City may allow a partial prepayment of any percentage up to 50 percent of the Full Prepayment to be made as a “buy down” of the rate for purposes of marketing the property by a builder or developer of land to be sold for Residential Use. In the event such a builder or developer has prepaid a portion of the Facilities Special Tax, the allowable 25 percent or 50 percent partial prepayment of the Facilities Special Tax that can be made by a subsequent owner shall be reduced by the amount so prepaid by the builder or developer. Full Prepayment is permitted only for Nonresidential Use Parcels; Full Prepayment is not allowable for Residential Use Parcels.

Prepayments must be made in sufficient time to, in the City’s opinion, have the Prepayment reflected in the following Fiscal Year’s Special Tax levy.

When permitted, the Administrator shall calculate Prepayments using the following steps:
a. The Full Prepayment amount shall be established by following the steps below:

Step 8.a.5: Use the greater of the amounts determined in Step 8.a.3 or Step 8.a.4 for the following calculations.

Step 8.a.6: Add to the amount from in Step 8.a.5 interest on the Bonds being redeemed to the next redemption date.

Step 8.a.7: Add to the amount calculated in Step 8.a.6 a redemption premium on the Bonds being redeemed (if any) as identified in the Bond Indenture(s).

Step 8.a.9: Add the administrative cost of processing the Prepayment to the amount calculated in Step 8.a.8.

Step 8.a.10: The amount in Step 8.a.9 is the amount of the Full Prepayment of the Maximum Annual Special Tax for the Taxable Parcel.
b. Partial Prepayments will be calculated as described below:

Exhibit A
March 3, 2023
Economic & Planning Systems, Inc. (EPS) A-23
The amount of any Partial Prepayment is limited to a maximum of 50 percent of the Full Prepayment amount determined in Step 8. a.10. When a Partial Prepayment is made, the full amount of Administrative fees and expenses determined in Step 8.a.7 shall be included in the Partial Prepayment calculation. The Facilities Special Tax that can be levied on a Parcel after a Partial Prepayment is made is equal to the Maximum Facilities Special Tax multiplied by one minus the percentage that has been prepaid. 9 . Int erpr et ation, Appl i cation, and Appe al o f
Spe c ial Ta x Formula and Proc edur e s
Any taxpayer who feels the amount of the Special Tax assigned to a Parcel is in error may file a notice with the CFO appealing the levy of the Special Tax. The CFO then will promptly review the appeal and, if necessary, will meet with the applicant. If the CFO verifies that the tax should be modified or changed, the Special Tax levy will be corrected and, if applicable in any case, a credit or refund will be granted.

10. M anner of Col le c tion
The Special Tax will be collected in the same manner and at the same time as ad valorem property taxes, provided, however, the Administrator or its designee may directly bill the Special Tax and may collect the Special Tax at a different time, such as on a monthly or other periodic basis, or in a different manner, if necessary, to meet the City’s financial obligations.
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Attachment 1

IDENTIFICATION OF LARGE LOTS
M u N H - D 1

BROOKFIELD RESIDENTIAL

ROSEVILLE CALIFORNIA
MARCH 8, 2028
REVISED: MARCH 18, 2028
200' 100' 0 200'
SCAL£: 1" = 200 '
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h B U I L D I N G R E L AT I O N S H I P S ONE P R O J E CT AT A T I M E 3 3 0 1 C S T , B L D G . 100-B TE L 9 16 .3 4 1 .7 7 60 S A CRA ME N T O , CA 9 5 B 16 F A X 9 1 6 .3 4 1 .7 7 67 I
Attachment 2
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Maximum Annual Facilities Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Facilities Special Tax per Unit/Taxable Acre
Expected Land Uses (Tax Category)
Before
Transition
Event
After
Transition
Event
[1]
Residential Uses
Low Density Residential (LDR)
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
per Unit
$4,300.00
per Unit
$0.00
Low Density Residential (LDR)
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
$3,600.00 $0.00
Medium Density Residential (MDR) $3,000.00 $0.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $1,500.00 $0.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2]
Mixed Use (MU) [2]
per Taxable Acre
$0.00
per Taxable Acre
$0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $27,772.37 $0.00
att2
[1] This amount is subject to increase by the Tax Escalation Year following the Base Year as described in this RMA.

Factor in each Fiscal
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Prepared by EPS 3/14/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\Models\222064 model Attachment 3
Amoruso Ranch CFD No. 1 (Public Infrastructure)
Assigned Maximum Annual Facilities Special Taxes for Original Parcels for the Base Year of FY 2023-24 (Improvement Area No. 1) Expected Land Uses Assigned
Assigned
Maximum Annual Assigned
Large Lot
Number [1] Original Parcel(s) Tax Category Acres
Planned
Units
Planned
Units per
Acre
Maximum Annual
Facilities Special
Tax per Unit
Facilities Special
Tax per Taxable
Acre
Maximum Facilities
Special Tax per
Village
Improvement Area No. 1 [2] [3] [2] [3] [2] [3]
Phase 1 (Sub-phase 1A)
AR-4 017-480-001-000 LDR 7.21 31 4.30 $4,300 $0 $133,300 AR-5 017-480-003-000 LDR 2.39 10 4.18 $4,300 $0 $43,000 AR-6 017-480-004-000 LDR 5.37 25 4.66 $4,300 $0 $107,500 AR-11 017-480-023-000 LDR 8.24 38 4.61 $4,300 $0 $163,400 AR-12 017-480-007-000 LDR 3.13 16 5.11 $3,600 $0 $57,600 AR-13 017-480-006-000 LDR 5.39 30 5.57 $3,600 $0 $108,000 AR-21 017-480-009-000 MDR 2.05 15 7.32 $3,000 $0 $45,000 AR-22 017-480-010-000 LDR 6.05 32 5.29 $3,600 $0 $115,200 AR-24 017-480-030-000 LDR 2.50 12 4.80 $3,600 $0 $43,200 AR-25 017-480-011-000 MDR 5.29 38 7.18 $3,000 $0 $114,000 AR-26 017-480-012-000 LDR 9.26 48 5.18 $3,600 $0 $172,800 AR-30 017-480-013-000 LDR 2.89 13 4.50 $3,600 $0 $46,800 AR-32 017-480-046-000 MDR 7.78 58 7.46 $3,000 $0 $174,000 AR-33 017-480-045-000 MDR 5.14 42 8.17 $3,000 $0 $126,000 AR-34 017-480-021-000 LDR 3.21 14 4.36 $4,300 $0 $60,200 AR-35 017-480-019-000 LDR 4.82 20 4.15 $4,300 $0 $86,000 AR-37 017-480-031-000 MDR 4.96 39 7.86 $3,000 $0 $117,000 AR-64A Por. 017-480-014-000 Park 0.74 n/a n/a $0 $0 $0
AR-71 017-480-002-000 OS/(Paseos) 0.33 n/a n/a $0 $0 $0 AR-72A Por. 017-480-048-000 OS/(Paseos) 0.64 n/a n/a $0 $0 $0 AR-75 017-480-008-000 OS/(Paseos) 0.84 n/a n/a $0 $0 $0 AR-79 017-480-018-000 OS/(Paseos) 0.39 n/a n/a $0 $0 $0 AR-80 017-480-047-000 OS/(Paseos) 1.16 n/a n/a $0 $0 $0 AR-81 017-480-022-000 OS/(Paseos) 1.19 n/a n/a $0 $0 $0 A1-A 0 ROW 6.30 n/a n/a $0 $0 $0
A2-B 0 ROW 1.07 n/a n/a $0 $0 $0
A4-A 0 ROW 7.00 n/a n/a $0 $0 $0
A-7 0 ROW 0.41 n/a n/a $0 $0 $0
A9-C 0 ROW 0.13 n/a n/a $0 $0 $0
Totals 105.88 481 $1,713,000
att3
[1] Indicates village identifier assigned by City in the Amoruso Ranch Specific Plan. [2] This amount may be increased by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA. [3] If amended to include Annexation Parcels, the Maximum Annual Special Tax for Annexation Parcels would also be subject to the Tax Escalation Factor.

Prepared by EPS 3/14/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\Models\222064 model Attachment 4
Amoruso Ranch CFD No. 1 (Public Infrastructure)
(Improvement Area No. 1
Maximum Annual Maintenance Special Taxes by Tax Category for the Base Year of FY 2023-24 (Improvement Area No. 1) [1] Maintenance Special Tax per Unit/Taxable Acre
Expected Land Uses (Tax Category)
Before
Transition
Event
After
Transition
Event
[1] [1]
Residential Uses
Low Density Residential (LDR)
Large Lots AR-4, AR-5, AR-6, AR-11, AR-34, AR-35
per Unit
$0.00
per Unit
$2,150.00
Low Density Residential (LDR)
Large Lots AR-12, AR-13, AR-22, AR-24, AR-26, AR-30
$0.00 $1,800.00
Medium Density Residential (MDR) $0.00 $1,500.00
High Density Residential (HDR) [2]
High Density Residential (HDR) For-Sale [2] $0.00 $0.00 High Density Residential (HDR) For-Rent [2] $0.00 $0.00 Affordable Medium Density Residential $0.00 $750.00
Affordable High Density Residential [2] $0.00 $0.00
Very Low Affordable High Density Residential [2] $0.00 $0.00 Nonresidential Uses [2]
Mixed Use (MU) [2]
per Taxable Acre
$0.00 $0.00
Business Professional (BP) [2] $0.00 $0.00
Community Commercial (CC) [2] $0.00 $0.00
Undeveloped Property $0.00 $0.00
att4
[1] This amount is subject to increase by the Tax Escalation Factor in each Fiscal Year following the Base Year as described in this RMA.
[2] If a Low Density Residential, Medium Density Residential or Affordable Medium Density Residential Parcel with a Special Tax is rezoned to a use with an identified Special Tax of $0 in this attachment, the Special Tax would be assigned to the Parcel using the provisions of Section 4 of this RMA.

Prepared by EPS 3/14/2023 Z:\Shared\Projects\SAC\222000\222064 Roseville Amoruso Ranch CFD Formation\Models\222064 model - -
rMap 1

BOOK OFCOMMUNITY FACILITIES DISTRICT, PAGE
LEGEND

PROPOSED CFO BOUNDARY AND BOUNDARY
OF IMPROVEMENT AREA NO. 1

PROPOSED BOUNDARY MAP
AMORUSO RANCH COMMUNITIES FACILITIES DISTRICT NO. 1
r- · - · - ·1
I , - · - , .i AREAS OF FUTURE ANNEXATION
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(PUBLIC FACILITIES)
BEING A PORTION OF SECTIONS 11 AND 14,
T. 11 N., R. 5 E., MOUNT DIABLO MERIDIAN

CITY OF ROSEVILLE COUNTY OF PLACER STATE OF CALIFORNIA
, _, _, _, _, _, _ WEST SUNSET 1 B 0 ULEVARD_ - - - ·- _l _, _, _ - ...) - - CITY CLERI<'S MAP FILING STATEMENT
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FILED IN THE OFFICE OF THE CITY CLERK OF THE CITY OF ROSEVILLE, COUNTY OF PLACER, STATE OF CALIFORNIA, THIS DAY OF 20_
BY:

CARMEN AVALOS, CITY CLERK

CITY OF ROSEVILLE
CITY CLERI<'S MAP STATEMENT

I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING THE PROPOSED BOUNDARIES I I I I OF AMORUSO RANCH COMMUNITY FACILITIES DISTRICT NO. 1 (PUBLIC FACILITIES),

CITY OF ROSEVILLE, COUNTY OF PLACER, STATE OF CALIFORNIA, WAS APPROVED BY

THE CITY COUNCIL OF THE CITY OF ROSEVILLE, AT A REGULAR MEETING THEREOF, HELD ON THE DAY OF 20_ BY
IT'S RESOLUTION NO.

BY:

CARMEN AVALOS, CITY CLERK

CITY OF ROSEVILLE

RECC)RDER'S STATE ME NT
FILED THIS DAY OF , 20_, AT _.M. IN BOOK

OF MAPS OF COMMUNITY FACILITIES DISTRICT, AT PAGE

IN THE OFFICE OF THE COUNTY RECORDER OF THE COUNTY OF PLACER, STATE OF CALIFORNIA.

DOCUMENT NO.:
._ , _' - ' _ , _, _, _ , _ -r
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- - · - - · - - · - - -- -- -- -- -- -- --
fFEE: $
BY:

RYAN RONCO

COUNTY RECORDER

COUNTY OF PLACER
NOVEMBER 2022
0 300 600 1200
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SCALE: 1"= 600'
BUILDING RELATIONSHIPS □N E PROJECT AT A TIME
3 3 □ 1 CST, BLDG. 1 00-B TEL916.341 .7760
SACRAMENTO, CA 95B 16 FAX 9 l 6.341 .7767
Sheet 1 of 1
3651.010
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Exhibit B

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Roseville City CouncilJune 21, 2023

Roseville City Council
June 21, 2023