ATTACHMENT A
FISCAL YEAR 2023/24 ANNUAL REPORT FOR COMMUNITY FACILITIES DISTRICT NO. 2018-001 (VICTORVILLE LEAD TRACK)
Fiscal Year 2023/24 Annual Report for:
COMMUNITY FACILITIES DISTRICT NO. 2018-001
(VICTORVILLE LEAD TRACK)
November 2023
TABLE OF CONTENTS
District Summary ..................................................................................... .............................. 1
1. SB 165: Local Agency Special Tax and Bond Accountability Act ........................................ 2
2. Special Tax Analysis ................................................................................. ....................... 3
2.1 Levy Summary ........................................................................................................... 3
2.2 Special Tax Rates ....................................................................................................... 4
2.3 Annual Special Tax Rate Increase .............................................................................. 4
2.4 Special Tax Rate Comparison .................................................................................... 5 Appendix A. District Boundary ........................................................................ ....................... A Appendix B. Rate And Method Of Apportionment ......................................................... ......... B Appendix C. Delinquency Summary Report ............................................................... ............. C Appendix D. Final Billing Detail Report .............................................................. .................... D
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) 1
DISTRICT SUMMARY
The City of Victorville (the “City”) formed Community Facilities District No. 2018-001 (Victorville Lead Track) (the “District”) in 2018 to fund all or a portion of the direct and incidental costs of the maintenance, repair and replacement of the Victorville Lead Track, and related appurtenances within or adjacent to the District.
The District may fund any of the following related to the maintenance of the services: obtaining, constructing, reconstructing, furnishing, and operating and maintaining equipment, apparatuses or facilities related to providing the services; maintenance of equipment, apparatuses, facilities, or fixtures in areas to be maintained; paying the salaries and benefits of personnel necessary or convenient to provide the services; payment of insurance costs and other related expenses; and the provision of reserves for repairs, replacements, and for the future provision of services. The District may also fund administrative fees of the City related to the District. No bonds were issued for the District and the special tax is projected to be levied in perpetuity.
Levy
The following table provides a summary of the Fiscal Year 2023/24 final levy amount.
District
Parcel
Count
FY 202 3/2 4
Levy
Community Facilities District No. 2018-001 5 $116,3 68.46
Delinquencies
As of June 30, 2023, there are no outstanding delinquencies within the District. Please refer to Appendix C for detailed information. NBS will continue to monitor delinquencies and recommend the appropriate delinquency management actions to the City as needed.
NBS
Charmane Custodio, Administrator
Darrylanne Zarate, Project Manager
Pablo Perez, Client Services Director
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) 2
1. SB 165: LOCAL AGENCY SPECIAL TAX AND BOND
ACCOUNTABILITY ACT
Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local special tax or local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, require that the proceeds of the special tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to any local special tax measure or local bond measure adopted on or after January 1, 2001, in accordance with Section 50075.1 of the California Government Code.
Some of the requirements of the Act are handled at the formation of the Special Tax District and others are handled through annual reports. This Section of this report intends to comply with Section 50075.3 of the California Government Code that states:
“The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The annual report shall contain both of the following:
1. The amount of funds collected and expended.
2. The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1.”
The requirements of the Act apply to the Funds for the following:
City of Victorville
CFD No. 2018-001 (Victorville Lead Track)
Purpose of Special Tax
The special tax provides funding for all or a portion of the direct and incidental costs of the maintenance, repair and replacement of the Victorville Lead Track, and related appurtenances within or adjacent to the District.
The project(s) are ongoing on an annual basis.
Collections and Expenditures
Fund Name
06/30/202 2
Balance (1)
Amount
Collected (1)
Amount
Expended (1)
06/30/202 3
Balance (1)
Special Tax Fund $416,679.29 $140,236.96 $57,230.90 $499,685.35 (1) Balances are provided by the City.
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) 3
2. SPECIAL TAX ANALYSIS
2.1 Levy Summary
A summary of the levy for Fiscal Year 2023/24 is shown in the table and chart below.
Description Amount
Lead Track Capital and Maintenance $105,357.00
Administrative Fees/Expenses (1) 11,011.46
Total Special Tax Levy Amount: $116,368.46
Levied Parcel Count 5
(1) Includes County collection fees and installment rou nding for tax roll purposes.
Lead Track Capital
and Maintenance
91%
Administrative
Fees/Expenses
9%
FISCAL YEAR 2023/24 BUDGET
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) 4
2.2 Special Tax Rates
The Fiscal Year 2023/24 applied special tax rate and special tax levy are shown in the table below.
Land Use
Class Description of Class (1)
Parcel
Count
FY 202 3/2 4
Applied Special
Tax Rate (2)
Total FY 2023/24
Special Tax Levy (3)
Class 1 More than 100 rail car
deliveries 3 $33,404.03 $100,212.06
Class 2 More than 50 but less than or
equal to 100 rail car deliveries 0 0.00 0.00
Class 3 Less than or equal to 50 rail car
deliveries 2 8,078.21 16,156.40
Totals: 5 $116,368.46
(1) Parcels attached to the Victorville Lead Track rails are assigned to a usage category based on the num ber of annual rail car deliveries between May 1st through April 30th of the prior year. (2) Excludes the additional $0.30 per parcel charge by San Bernardino County. (3) Levy after county collection fees and installment r ounding have been applied for tax roll purposes.
2.3 Annual Special Tax Rate Increase
The maximum special tax for future years is authorized to automatically increase based on the Special Tax Escalation Factor, which is the greater of the December to December annual change in the construction cost index for the Los Angeles region as published in the Engineering New Record or 2.0%. The Special Tax Escalation Factor from Fiscal Year 2022/23 to Fiscal Year 2023/24 was 9.30%.
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) 5
2.4 Special Tax Rate Comparison
The Fiscal Year 2023/24 maximum base special tax rates and applied base special tax rates compared to the prior year are shown below.
Per
FY 2022/23 FY 2023/24
% Change in
Applied Base
Special Tax Rate (2)
Land Use
Class
Maximum
Base Special
Tax Rate (1)
Applied Base
Special Tax
Rate
% of
Maximum
Maximum
Base Special
Tax Rate (1)
Applied Base
Special Tax
Rate
% of
Maximum
Class 1 Assessor’s Parcel $7,390.87 $7,390.87 100.00% $8,078.51 $8,078.51 100.00% 9.30% Class 2 Assessor’s Parcel 7,390.87 7,390.87 100.00% 8,078.51 8,078.51 100.00% 9.30% Class 3 Assessor’s Parcel 7,390.87 7,390.87 100.00% 8,078.51 8,078.51 100.00% 9.30% (1) Maximum Special Tax Rate increases by Special Tax Escalation Factor. (2) Represents the change between the current and prior year applied special tax rates.
The Fiscal Year 2023/24 maximum usage special tax rates and applied usage special tax rates compared to the prior year are shown below.
Per
FY 2022/23 FY 2023/24
% Change in
Applied Usage
Special Tax Rate (3)
Land Use
Class
Maximum
Usage Special
Tax Rate (1)
Applied Usage
Special Tax
Rate
% of
Maximum
Maximum
Usage Special
Tax Rate (1)
Applied Usage
Special Tax
Rate (2)
% of
Maximum
Class 1 Assessor’s Parcel $30,795.33 $26,953.22 87.52% $33,660.45 $25,325.82 75.24% (6.04%) Class 2 Assessor’s Parcel 24,636.26 0.00 0.00% 26,928.36 0.00 0.00% 0.00% Class 3 Assessor’s Parcel 18,477.19 0.00 0.00% 20,196.27 0.00 0.00% 0.00% (1) Maximum Special Tax Rate increases by Special Tax Escalation Factor. (2) No Applied Usage Special Tax was levied to Class 2 and 3 parcels. The Applied Usage Special Tax levied to all Class 1 parcels has satisfied the Special Tax Requirement for Fiscal Year 2023/24.
(3) Represents the change between the current and prior year applied special tax rates.
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) A APPENDIX A. DISTRICT BOUNDARY
The following page shows the District Boundary Map.
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) B APPENDIX B. RATE AND METHOD OF APPORTIONMENT
The following pages show the Rate and Method of Apportionment of the Special Tax.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 1
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
CITY OF VICTORVILLE
COMMUNITY FACILITIES DISTRICT NO. 2018-001
(VICTORVILLE LEAD TRACK)
A Special Tax as hereinafter defined shall be levied on each Assessor's Parcel of Taxable Property within the City of Victorville Community Facilities District No. 2018-001 (Victorville Lead Track) (“CFD No. 2018-001”) and collected each Fiscal Year commencing in Fiscal Year 2018- 2019 in an amount determined by the CFD Administrator through the application of the Special Tax for Taxable Property as described below. All of the Taxable Property within CFD No. 2018- 001, unless exempted by law or by the provisions hereof, shall be taxed for the purposes to the extent and in the manner herein provided.
A. GENERAL DEFINITIONS
The terms hereinafter set forth have the following meaning:
“Acre or Acreage” means the land area of an Assessor’s Parcel as shown on County records, such as an Assessor’s Parcel Map and secured roll data, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final subdivision map, condominium plan, record of survey, or other recorded document creating or describing the parcel. If the preceding maps for a land area are not available, the Acreage of such land area may be determined utilizing available spatial data and GIS. “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter
2.5, Division 2 of Title 5 of the Government Code of the State of California. “Administrative Expenses” means the actual or reasonably estimated costs directly related to the administration of CFD No. 2018-001 including, but not limited to, the following: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collectingthe Special Taxes (whether by the County, the City, or otherwise); the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; and the costs of the City, CFD No. 2018-001, or any designee thereof related to any appeal of the levy or application of the Special Tax. Administrative Expenses shall also include amounts estimated or advanced by the City orCFD No. 2018-001 for any other administrative purposes, including, but not limited to, attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. “Assessor’s Parcel” means a lot or parcel shown in an Assessor’s Parcel Map with an assigned Assessor’s Parcel number.
“Assessor’s Parcel Map” means an official map of the County Assessor of the County designating lots or parcels by an Assessor’s Parcel number. “Authorized Services” means the maintenance, services, and expenses authorized to be financed by CFD No. 2018-001.
“Capital and Maintenance Plan”means the Victorville Lead Track Capital and Maintenance Plan Executive Report prepared by Wilson & Company, dated May 19, 2015.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 2
“CFD Administrator” means the City’s Deputy City Manager , or designee thereof, responsible for determining the Special Tax Requirement and providing for the levy and collection of the Special Taxes.
“CFD No. 2018-001” means City of Victorville Community Facilities District No. 2018-001 (Victorville Lead Track).
“City” means the City of Victorville.
“City Council” means the City Council of the City, acting as the legislative body of CFD No. 2018-001.
“Class 1 Property” means an Original Property or Successor Property that has more than 100 railcars delivered per year. For purposes of determiningthe number of railcars delivered, the railcar calculation year shall be based on that period of time running from May 1st through the April 30th prior to the next Fiscal Year.
“Class 2 Property” means an Original Property or Successor Property that has less than or equal to 100 railcars and more than 50 railcars delivered per year. For purposes of determining the number of railcars delivered, the railcar calculation year shall be based on that period of time running from May 1st through the April 30th prior to the next Fiscal Year. “Class 3 Property” means an Original Property or Successor Property that has less than or equal to 50 railcars delivered per year. For purposes of determining the number of railcars delivered, the railcar calculation year shall be based on that period of time running from May 1st through the April 30th prior to the next Fiscal Year. “County” means the County of San Bernardino.
“Exempt Property” means all Assessors’ Parcels that are exempt from the S pecial Tax pursuant to Section G.
“Fiscal Year” means the period starting July 1 and ending on the following June 30. “Initial Special Tax” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Initial Special Tax Requirement. The Initial Special Tax may be levied in Fiscal Year 2018-2019 and Fiscal Year 2019-2020 only. “Initial Special Tax Requirement”means that amount of Initial Special Tax revenue required in Fiscal Year 2018-2019 and Fiscal Year 2019-2020 to pay for the track renewal line item identified as “90# track structure is upgraded” in the Capital and Maintenance Plan . The upgrade is scheduled in Year 2 at an estimated cost of $50,000. “Maximum Base Special Tax” means the maximum annual Base Special Tax, determined in accordance with the provisions of SectionC, which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
“Maximum Initial Special Tax” means the maximum annual Initial Special Tax, determined in accordance with the provisions of SectionC, which may be levied in Fiscal Year2018-2019 and Fiscal Year 2019-2020 on any Assessor’s Parcel of Taxable Property.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 3
“Maximum Special Tax” means the total annual Maximum Initial Special Tax, the Maximum Base Special Tax and the Maximum Usage Special Tax , which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
“Maximum Usage Special Tax” means the maximum annual Usage Special Tax, determined in accordance with the provisions of SectionC, which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property.
“Other Property” means, for each Fiscal Year, all Assessor’s Parcels not classified as Original Property, Successor Property, or Exempt Property. “Ongoing Special Tax” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Ongoing Special Tax Requirement. “Ongoing Special Tax Requirement” means that amount of Ongoing Special Tax revenue required in any Fiscal Year to: (i) Pay Administrative Expenses; (ii) pay Authorized Services costs; (iii) pay any amounts required to establish or replenish any repair and contingency funds, capital improvement funds, or reserve funds related to the Authorized Service s expenses; and (iv) pay for reasonably anticipated delinquent Base Special Taxes and Usage Special Taxes based on the delinquency rate for Base Special Taxes and Usage Special Taxes levied in the previous Fiscal Year; less (v) a credit for funds available to reduce the annual Base Special Tax levy and Usage Special Tax l evy as determined by the CFD Administrator.
“Open Space Property” means property within the boundaries of CFD No. 2018-001 which (a) has been designated with specific boundaries and acreage on a final subdivision map as open space, or (b) is classified by the County Assessor as open space, or (c) has been irrevocably offered for dedication as open space to the federal government, the State of California, the County, the City, any other public agency, a private, non-profit organization, or (d) is encumbered by an easement or other restriction required by the City limiting the use of such property to open space.
“Original Property” means an Assessor’s Parcel of Taxable Property listed in the table of Attachment A to this Rate and Method of Apportionment.
“Proportionately” means for Taxable Property that the ratio of the special tax to the maximum special tax is equal for all Taxable Property levied within each classification (Class 1 Property, Class 2 Property, Class 3 Property) within CFD No. 2018-001. “Public Property” means any property within the boundaries of CFD No. 2018-001, which (a) is owned by a public agency, (b) has been irrevocably offered for dedication to a public agency, or (c) is designated with specific boundaries and acreage on a final subdivision map as property which will be owned by a public agency. For purposes of this definition, a public agency includes the federal government, the State of California, the C ounty, the City, or any other public agency.
“Railcar Development” means a building or structure within CFD No. 2018-001 that has the infrastructure in place to receive the delivery of rail cars, whether or not rail cars are actually received by the building or structure.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 4
“Special Tax”means the total annualInitial Special Tax, annualBase Special Taxand annual Usage Special Tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.
“Special Tax Escalation Factor” means the greater of the December to December annual change in the construction cost index for the Los Angeles region as published in the Engineering New Record or 2%. In the event the construction cost index for the Los Angeles region as published in the Engineering News Record ceases to be published, another index shall be used, as determined by the CFD Administrator, that is reasonably comparable to the construction cost index for the Los Angeles region as published in the Engineering News Record.
“Special Tax Requirement” means the total amount of Special Tax revenue required in any Fiscal Year for CFD No. 2018-001 to fund the total Initial Special Tax Requirement and the Ongoing Special Tax Requirement.
“State” means the State of California.
“Successor Property” means an Assessor’s Parcel created by the subdivision or lot line adjustment from an Original Property. Once created, the Successor Property will be treated in the same manner as an Original Property in the creation of any additional Successor Properties from such Successor Property. Successor Property also includes Other Property and Assessor’s Parcel(s) annexed to CFD No. 2018-001 that obtain Railcar Development. “Taxable Property” means all of the Assessor’s Parcels within the boundaries of CFD No. 2018-001, identified in Attachment A,that are not exempt from theCFD No. 2018-001 Special Tax pursuant to law or Section G below.
B. ASSIGNMENT TO LAND USE CATEGORIES
Each Fiscal Year, all Assessor’s Parcels within CFD No. 2018 -001 shall be classified as Taxable Property or Exempt Property. Each Assessor’s Parcel of Taxable Property shall be further assigned as Original Property, Successor Property, or Other Property and shal l be subject to the Maximum Special Tax.
C. MAXIMUM SPECIAL TAX
The Maximum Special Tax for Taxable Property is computed according to the formula shown below.
Maximum
Special Tax = Maximum Initial
Special Tax + Maximum Base
Special Tax + Maximum Usage
Special Tax
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 5
1. Maximum Initial Special Tax
An Initial Special Tax shall be levied on Taxable Property during Fiscal Year 2018-2019 and Fiscal Year 2019-2020 only. Beginning with Fiscal Year2020-2021, the Initial Special Tax shall cease to be levied.
The Fiscal Year 2018-2019 Maximum Initial Special Tax rate for Assessor’s Parcels designated as Original Property and Successor Property is $5,000 per Assessor’s Parcel and the Maximum Initial Special Tax rate for Assessor’s Parcels designated as Other Property is $0.
2. Maximum Base Special Tax
A Base Special Tax shall be levied onTaxable Property beginning Fiscal Year2018-2019.
The Fiscal Year 2018-2019 Maximum Base Special Tax rate for Assessor’s Parcels designated as Original Property and Successor Property is $6,000 per Assessor’s Parcel and the Maximum Base Special Tax rate for Assessor’s Parcels designated as Other Property is $0.
3. Maximum Usage Special Tax
A Usage Special Tax shall be levied on Taxable Property beginning Fiscal Year 2018- 2019.
The Fiscal Year 2018-2019 Maximum Usage Special Tax rate for Assessor’s Parcels designated as Original Property and Successor Propertyis provided in the following table:
Usage
Land Use Category
Fiscal Year 2018-2019
Maximum Usage Special Tax
Class 1 Property $25,000 per Assessor’s Parcel
Class 2 Property $20,000 per Assessor’s Parcel
Class 3 Property $15,000 per Assessor’s Parcel
The Fiscal Year 2018-2019 Maximum Usage Special Tax rate for Assessor’s Parcels designated as Other Property is $0.
4. Increase in Maximum Initial Special Tax, Maximum Base Special Tax and Maximum Usage Special Tax
On each July 1, commencing on July 1, 2019, the Maximum Initial Special Tax , the Maximum Base Special Tax and the Maximum Usage Special Tax shall be increased by the Special Tax Escalation Factor of theMaximum Initial Special Tax, the Maximum Base Special Tax and the Maximum Usage Special Taxamounts in effect for theprevious Fiscal Year.
A list of Assessor’s Parcels and the total 2018-2019 Maximum Special Tax assigned is provided in Attachment A of this Rate and Method of Apportionment.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 6
D. SUCCESSOR PROPERTY
When an Original Property changes or subdivides, the Maximum Special Tax shall be assigned to a Successor Property so that there is no net loss in the Maximum Special Tax revenue. The process for apportioning the Maximum Special Tax of the Original Property to the Successor Property is as follows:
Step 1: Identify the Assessor’s Parcel(s) created by the Original Property(ies) change or subdivision.
Step 2: Using County records, City records and land use development plans, identify the Assessor’s Parcel(s) that contains the Railcar Development that was previously assigned to the Original Property . This Assessor’s Parcel (s) shall be designated as the Successor Property and the Maximum Special Tax shall be assigned to this Successor Property.
Example 1: Parcel A is an Original Property with Railcar Development and subdivides into two new Assessor’s Parcels. Parcel B contains the Railcar Development and Parcel C is undeveloped land. The new Assessor’s Parcels would be classified as follows:
Parcel Parcel A
Subdivides
To:
Parcel B Parcel C
Development
Status
Railcar
Development
Railcar
Development Undeveloped
Taxable Property
Designation Original Property Successor
Property Other Property
Maximum
Special Tax
Assigned per
Section C
Assigned per
Section C $0
If additional Assessor’s Parcel(s) are created by the Original Property(ies) change or subdivision, that results in additional Railcar Development, then those Assessor’s Parcel(s) shall also be designated as a Successor Property(ies) and shall be assigned a Maximum Special Tax in accordance with Section C of this Rate and Method of Apportionment.
Example 2: Parcel A is an Original Property with Railcar Development and subdivides into three new Assessor’s Parcels. Parcel B contains theOriginal Property’s Railcar Development, Parcel C obtains new Railcar Development, and Parcel D is undeveloped land. The new Assessor’s Parcels would be classified as follows:
Parcel Parcel A
Subdivides
To:
Parcel B Parcel C Parcel D
Development
Status
Railcar
Development
Railcar
Development
Railcar
Development Undeveloped
Taxable Property
Designation
Original
Property
Successor
Property
Successor
Property
Other
Property
Maximum
Special Tax
Assigned per
Section C
Assigned per
Section C
Assigned per
Section C $0
Assessor’s Parcel(s)of Taxable Propertythat are created by the OriginalProperty(ies) change or subdivision, and not assigned as Successor Property, shall be designated as Other Property.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 7
Once created, if a Successor Property further changes or subdivides, the above steps shall be repeated to determine the Maximum Special Tax for each additional Successor Property created from the change or subdivision.
E. OTHER PROPERTY
If an Assessor’s Parcel that is designated as Other Property obtains Railcar Development, that Assessor’s Parcel shall be classified as Successor Property and assigned a Maximum Special Tax in accordance with Section C of this Rate and Method of Apportionment.
F. METHOD OF APPORTIONMENT OF THE SPECIAL TAX
Commencing with Fiscal Year 2018-2019, and for each following Fiscal Year, the CFD Administrator shall determine the Special Tax Requirement and levy the Special Tax until the amount of Special Taxes equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal Year as follows:
1. Initial Special Tax
The Initial Special Tax shall be levied Proportionately on each Assessor's Parcel of Taxable Property at a rate up to 100% of the applica ble Maximum Initial Special Tax to satisfy the Initial Special Tax Requirement.
The Initial Special Tax shall only be levied during Fiscal Year 2018-2019 and Fiscal Year 2019-2020.
2. Ongoing Special Tax
First: The Ongoing Special Tax shall be levied Proportionately on each Assessor's Parcel of Taxable Property at a rate up to 100% of the applicableMaximum Base Special Tax to satisfy the Ongoing Special Tax Requirement.
Second: If additional monies are needed to satisfy t he Ongoing Special Tax Requirement after the first step has been completed, the Ongoing Special Tax shall be levied Proportionately on all Class 1 Property at a rate up to 100% of the applicable Class 1 Property Maximum Usage Special Tax to satisfy the Ongoing Special Tax Requirement.
Third: If additional monies are needed to satisfy the Ongoing Special Tax Requirement after the second step has been completed, theOngoing Special Tax shall be levied Proportionately on all Class 2 Property at a rate up t o 100% of the applicable Class 2 Property Maximum Usage Special Tax to satisfy the Ongoing Special Tax Requirement.
Fourth: If additional monies are needed to satisfy theOngoing Special Tax Requirement after the third step has been completed, the Ongoing Special Tax shall be levied Proportionately on all Class 3 Property at a rate up to 100% of the applicable Class 3 Property Maximum Usage Special Tax to satisfy the Ongoing Special Tax Requirement.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 8
G. EXEMPTIONS
1. The CFD Administrator shall classify the following as Exempt Property: Public Property, Open Space Property, and Assessor’s Parcels with public or utility easements making impractical their utilization for any use other than the purposes set forth in the easement.
2. If the use of an Assessor' s Parcel changes so that such Assessor's Parcel is no longer classified as Exempt Property pursuant to Section G.1 above, such Assessor's Parcel shall cease to be classified as Exempt Property and shall be deemed to be Taxable Property.
H. ANNEXATIONS
If Assessor’s Parcel(s) annex to CFD No. 2018 -001, the Assessor’s Parcel(s) shall be designated as Taxable Property or Exempt Property. Each Assessor’s Parcel of Taxable Property shall be further assigned as Successor Property if the Assessor’s Parcel has Railcar Development or Other Property if the Assessor’s Parcel does not have Railcar Development.
Successor Property and Other Property shall be subject to the Maximum Special Tax in accordance with Section C of this Rate and Method of Apportionment.
I. REVIEW/APPEALS
The CFD Administrator may establish such procedures, as it deems necessary to undertake the review of any such appeal. The CFD Administrator shall interpret this Rate and Method of Apportionment and make determinations relative to the annual administration of the Special Tax and any landowner or tenant appeals, as herein specified.
Any landowner or tenant who feels that the amount of the Special Tax levied on their Assessor’s Parcel is in error shall first consult with the CFD Administrator r egarding such error. If , following such consultation , the CFD Administrator determines that an error has occurred, the CFD Administrator may amend the amount of the Special Tax levied on such Assessor’s Parcel. If following such consultation and action (if any by the CFD Administrator), the landowner or tenant believes such error still exists, such person may file a written notice with the Deputy City Manager appealing the amount of the Special Tax levied on such Assessor's Parcel. If following such consultation and action (if any by the Deputy City Manager), the landowner or tenant believes such error still exists, such person may file a written notice with the City Council appealing the amount of the Special Tax levied on such Assessor's Parcel. The decision of the City Council shall be final and binding to all persons.
J. INTERPRETATIONS
Interpretations may be made by the CFD Administrator. If necessary, interpretations may be made by the City Council, by ordinance or resolution, for purposes of clarifying any vagueness or ambiguity as it relates to this Rate and Method of Apportionment.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 9
K. MANNER OF COLLECTION
The annual Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that CFD No. 2018-001, may, at the sole discretion of the City, directly bill the Special Tax, may collect the Special Taxes at a different time or in a different manner as necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on Assessor's Parcels of Taxable Property that are delinquent in the payment of Special Taxes.
L. PREPAYMENT OF SPECIAL TAX
The Maximum Special Tax may not be prepaid and shall continue to be levied in accordance with Section F of this Rate and Method of Apportionment on an annual basis on all Taxable Property in CFD No. 2018-001.
M. REPEAL OF SPECIAL TAX
If the levy of the Special Tax is repealed by initiative or any other action participated in by the owners of Assessor’s Parcels in CFD No. 2018-001, the City shall cease to levy the Special Tax and shall cease to be obligated to provide the Authorized Services for which the Special Tax was levied. The obligations to provide the Authorized Servi ces previously funded by the repealed Special Tax shall become the joint obligations of the property owners of Assessor’s Parcels within CFD No. 2018-001.
N. TERM OF SPECIAL TAX
The Maximum Special Tax shall be levie d commencing in Fiscal Year 2018-2019 and shall be levied in perpetuity, unless and until such time the City determines that revenues are no longer needed to pay the Special Tax Requirement.
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 10
ATTACHMENT A
Maximum Special Tax
(Fiscal Year 2018-2019)
Assessor’s
Parcel Number
2018-2019
Land Usage
Class
2018-2019
Maximum Initial
Special Tax(1)
2018-2019
Maximum Base
Special Tax(1)
2018-2019
Maximum Usage
Special Tax(1)
2018-2019
Maximum
Special Tax
Original Property:
3090-571-04-0000 Class 1 $5,000.00 $6,000.00 $25,000.00 $36,000.00 3090-571-06-0000 Class 3 5,000.00 6,000.00 15,000.00 26,000.00 3090-571-07-0000 Class 2 5,000.00 6,000.00 20,000.00 31,000.00 3091-191-13-0000 Class 3 5,000.00 6,000.00 15,000.00 26,000.00 3091-191-23-0000 Class 3 5,000.00 6,000.00 15,000.00 26,000.00 Totals: $25,000.00 $30,000.00 $90,000.00 $145,000.00
Other Property:
3090-401-07-0000 N/A $0.00 $0.00 $0.00 $0.00
3090-401-08-0000 N/A 0.00 0.00 0.00 0.00
3090-411-02-0000 N/A 0.00 0.00 0.00 0.00
3090-411-03-0000 N/A 0.00 0.00 0.00 0.00
3090-531-02-0000 N/A 0.00 0.00 0.00 0.00
3090-531-03-0000 N/A 0.00 0.00 0.00 0.00
3090-531-04-0000 N/A 0.00 0.00 0.00 0.00
3090-551-02-0000 N/A 0.00 0.00 0.00 0.00
3090-551-04-0000 N/A 0.00 0.00 0.00 0.00
3090-551-05-0000 N/A 0.00 0.00 0.00 0.00
3090-551-06-0000 N/A 0.00 0.00 0.00 0.00
3090-551-07-0000 N/A 0.00 0.00 0.00 0.00
3090-571-17-0000 N/A 0.00 0.00 0.00 0.00
3091-191-05-0000 N/A 0.00 0.00 0.00 0.00
3091-191-14-0000 N/A 0.00 0.00 0.00 0.00
Totals: $0.00 $0.00 $0.00 $0.00
City of Victorville - Community Facilities District No. 2018-001 November 14, 2017 (Victorville Lead Track) Page 11
ATTACHMENT A
Maximum Special Tax
(Fiscal Year 2018-2019)
Assessor’s
Parcel Number
2018-2019
Land Usage
Class
2018-2019
Maximum Initial
Special Tax(1)
2018-2019
Maximum Base
Special Tax(1)
2018-2019
Maximum Usage
Special Tax(1)
2018-2019
Maximum
Special Tax
Public Property:
3090-401-05-0000 N/A $0.00 $0.00 $0.00 $0.00
3090-401-06-0000 N/A 0.00 0.00 0.00 0.00
3090-411-01-0000 N/A 0.00 0.00 0.00 0.00
3090-411-04-0000 N/A 0.00 0.00 0.00 0.00
3090-411-05-0000 N/A 0.00 0.00 0.00 0.00
3090-571-10-0000 N/A 0.00 0.00 0.00 0.00
3090-571-16-0000 N/A 0.00 0.00 0.00 0.00
Totals: $0.00 $0.00 $0.00 $0.00
(1) On each July 1, commencing on July 1, 201 9, the Maximum Initial Special Tax, the Maximum Base Special Tax and the Maximum Usage Special Tax shall be increased by an amount equal to the Special Tax Escalation Factor of the Maximum Initial Special Tax, the Maximum Base Special Tax and the Maximum Usage Special Tax amounts in effect for the previous Fiscal Year.
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) C APPENDIX C. DELINQUENCY SUMMARY REPORT
The following page shows the current Delinquency Summary Report.
City of Victorville
Delinquent
Amount %
Billed
Installments
Paid
Installments
Delinquent
Installments
Delinquent
Installments %Due DateDistrict
Billed
Amount
Paid
Amount
Delinquent
Amount
CFD No. 2018-001 - CFD No. 2018-001 (Victorville Lead Track) 08/01/2018 Billing:
12/10/2018 $72,499.23 $72,499.23 $0.00 0.00% 27 5 0 0.00% 04/10/2019 $72,499.23 $72,499.23 $0.00 0.00% 27 5 0 0.00% Subtotal: $144,998.46 $144,998.46 $0.00 0.00% 54 10 0 0.00% 08/01/2019 Billing:
12/10/2019 $72,921.92 $72,921.92 $0.00 0.00% 27 5 0 0.00% 04/10/2020 $72,921.92 $72,921.92 $0.00 0.00% 27 5 0 0.00% Subtotal: $145,843.84 $145,843.84 $0.00 0.00% 54 10 0 0.00% 08/01/2020 Billing:
12/10/2020 $58,438.24 $58,438.24 $0.00 0.00% 27 5 0 0.00% 04/10/2021 $58,438.24 $58,438.24 $0.00 0.00% 27 5 0 0.00% Subtotal: $116,876.48 $116,876.48 $0.00 0.00% 54 10 0 0.00% 08/01/2021 Billing:
12/10/2021 $58,502.24 $58,502.24 $0.00 0.00% 27 5 0 0.00% 04/10/2022 $58,502.24 $58,502.24 $0.00 0.00% 27 5 0 0.00% Subtotal: $117,004.48 $117,004.48 $0.00 0.00% 54 10 0 0.00% 08/01/2022 Billing:
12/10/2022 $58,906.23 $58,906.23 $0.00 0.00% 28 5 0 0.00% 04/10/2023 $58,906.23 $58,906.23 $0.00 0.00% 28 5 0 0.00% Subtotal: $117,812.46 $117,812.46 $0.00 0.00% 56 10 0 0.00% CFD No. 2018-001 Total: $642,535.72 $642,535.72 $0.00 0.00% 272 50 0 0.00% Agency Grand Total: $642,535.72 $642,535.72 $0.00 0.00% 272 50 0 0.00%
Delinquency Summary Report
As of: 06/30/2023
City of Victorville
Fiscal Year 2023/24 Annual Report – CFD No. 2018-001 (Victorville Lead Track) D APPENDIX D. FINAL BILLING DETAIL REPORT
The following page shows the Final Billing Detail Report for Fiscal Year 2023/24.
City of Victorville
CFD No. 2018-001 (Victorville Lead Track)
Final Billing Detail Report for Fiscal Year 2023/24
APN Class Maximum Base Tax
Maximum Usage
Tax Levied Base Tax
Levied Class 1
Usage
Levied Class 2
Usage
Levied Class 3
Usage
Total Special Tax
Levy (1)
3090-571-04-0000 Class 1 $8,078.50 $33,660.45 $8,078.50 $25,325.83 $0.00 $0.00 33,404.02 3090-571-06-0000 Class 1 $8,078.50 $33,660.45 8,078.50 2 5,325.83 0.00 0.00 33,404.02 3090-571-07-0000 Class 1 $8,078.50 $33,660.45 8,078.50 2 5,325.83 0.00 0.00 33,404.02 3091-191-13-0000 Class 3 $8,078.50 $20,196.27 8,078.50 0 .00 0.00 0.00 8,078.20 3091-191-23-0000 Class 3 $8,078.50 $20,196.27 8,078.50 0 .00 0.00 0.00 8,078.20 $40,392.50 $141,373.89 $40,392.50 $75,977.49 $0.00 $0.00 $116,368.46 5 Accounts $40,392.50 $141,373.89 $40,392.50 $75,977.49 $0.00 $0.00 116,368.46 5 Total Accounts Slight variances may occur due to rounding
(1) Excludes the additional $0.30 per parcel charge by San Bernardino County.
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