E
xhibit 1
EXHIBIT 1
CITY OF STOCKTON
Community Facilities District No. 2024-1
(South Stockton Facilities and Services)
OFFICIAL BALLOT
SPECIAL TAX ELECTION
This ballot is for a special, landowner election. You must return this ballot to the office of the City Clerk of the City of Stockton no later than the hour of 5:30 p.m. on November 12, 2024, either by mail or in person. The City Clerk’s office is located at 425 N. El Dorado Street, Stockton, California 95202. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Stockton and obtain another.
To vote, mark a cross (X) on the voting line after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void.
The estimated amount of money to be raised annually by this measure through the facilities special tax is $131,223.00 for fiscal year 2024-25, assuming full build-out, and escalating at 2% annually thereafter, for the duration of the CFD as set forth in the rate and method of apportionment of special taxes for the District
BALLOT MEASURE
S
hall the measure pursuant to which (i) the City of Stockton shall incur indebtedness and issue bonds up to $50,000,000 on behalf of its Community Facilities District No. 2024-1 (South Stockton Facilities and Services) (“CFD”), to acquire and/or construct facilities set forth in the list of authorized facilities for the CFD attached to the resolution of formation and incorporated by this reference herein and pay for the costs of issuing the bonds and related expenses; (ii) a special tax for facilities shall be levied at a rate of $650/acre, subject to annual escalation, through Fiscal Year 2073-74, raising $131,223 in Fiscal Year 2024-25 (assuming full build-out of the CFD), to pay for the principal and interest upon such bonds, to pay the costs of the City in administering the CFD, and to pay for the costs of acquiring and/or constructing said facilities in accordance with the rate and method of apportionment of special taxes for the CFD attached to the resolution of formation and incorporated by this reference herein; (iii) a special tax for services shall be levied at a rate of $1,637/acre, subject to annual escalation, so long as the services are provided, raising 330,319 in Fiscal Year 2024-25 (assuming full build-out of the CFD), to pay for the services and the costs of the City in administering the CFD in accordance with the rate and method of apportionment of special taxes for the CFD attached to the resolution of formation and incorporated by this reference herein; and (iv) the annual appropriations limit of the CFD shall initially be $50,000,000, subject to escalation,
be adopted?
YES
________
NO
________
The undersigned is the authorized representative of the landowner and is the person legally authorized and entitled to cast this ballot on behalf of the landowner. By execution in the space provided below, the undersigned certifies that the landowner certifies that such owner has initiated, requested and/or reviewed all the CFD provisions and proceedings leading up to this election, including the list of authorized facilities, the bond indebtedness limit for the CFD, and the rate and method of apportionment of special taxes, which includes the tax rates and duration of the special tax to be placed on the landowner’s property. The undersigned has waived (i) the time limit pertaining to the conduct of the election, (ii) any requirement for analysis and arguments EXHIBIT 1
Exhibit 1
with respect to the ballot measure, and (iii) any irregularity in the proceedings that may be claimed as a result of the application of such waivers.
Further, the undersigned, on behalf of the landowner, hereby knowingly, voluntarily and intelligently waives any and all defects in any notice, ballot, or procedure related to the conduct of the election, whether known or unknown (except the right to vote and to have the ballots fairly counted), and states that the election is being expedited at the particular instance and request of the landowner.
Number of Acres Owned: _____
Number of Votes: ___
Landowner: ________________,
a [state] [type of entity]
By:
Name:
Title:
EXHIBIT 1