Item Number: 15
City Council / Board of Directors
Consent Calendar
Meeting of: July 15, 2025
Submitted By:
Carmen Cun, Finance Director / City Treasurer
Subject:
Presentation of Resolution No. 25-056 – Confirming the Annual Special Tax Amount to be Levied in Community Facilities District (“CFD”) 01-01 for Fiscal Year 2025-2026 (Mello-Roos); and presentation of Resolution No. 25-057 – Confirming the Annual Special Tax Amount to be Levied in Community Facilities District (“CFD”) 07-01 for Fiscal Year 2025-2026 (Mello-Roos)
Recommendation:
That the Honorable City Council adopt Resolution No. 25-056 to confirm the annual special tax to be applied to property taxes of CFD 01-01 affected parcels and adopt Resolution No. 25-057 to confirm the annual special tax to be applied to property taxes of CFD 07-01 affected parcels.
Fiscal Impact:
The annual special tax to be applied to property taxes of CFD 01-01 affected parcels totals $272,339.20 for Fiscal Year 2025-2026. The special tax is recorded in account 6110010-40100 CFD 01-01 Property Tax Revenue when received from the County.
The annual special tax to be applied to property taxes of CFD 07-01 affected parcels totals $191,746.54 for Fiscal Year 2025-2026. The special tax is recorded in account 6120010- 40100 CFD 07-01 Property Tax Revenue when received from the County.
The special tax for each district is calculated to cover the annual amount of the bond debt service and all administration expenditures of the CFDs; therefore, there is no cost to the City for the CFDs.
Strategic Plan Goal:
This item aligns with Goal A. Financial Sustainability – foster fiscal health through disciplined long-term planning, cost control, increased revenues, and cost recovery. The
annual special tax collected provides the revenue source that is pledged for debt service payments on bond indebtedness and all administration expenditures of the CFDs.
Background:
The City Council, at their meeting of August 7, 2001, established the Community Facilities District 01-01 by the adoption of Resolution No. 01-78 for the purpose of incurring bond indebtedness to provide revenue to perform certain works of public improvement in the area known as Eagle Ranch. These projects include street paving and signage, sewer improvements, drainage and other road improvements, and parks and public safety improvements.
The City Council, at their meeting of June 19, 2007, established the Community Facilities District 07-01 by the adoption of Resolution No. 07-188 for the purpose of incurring bond indebtedness to provide revenue for public facilities in the western portion of the City of Victorville. Bond proceeds were used for City costs relating to eligible development impact fee facilities as approved in the bond documents and in connection with the Fee Credit Agreement dated February 1, 2011 between the City and Western Pacific Housing, Inc.
Discussion:
Community Facilities District 01-01 contains 899 parcels and is comprised of approximately 258.50 gross acres located in the southern portion of the City of Victorville.
A map is attached showing the area the District is located (Attachment A). The APN numbers and property addresses are also included as an attachment to the resolution for reference (Attachment B). The establishment of the District included the annual determination of tax levy required to meet the bond obligations and to direct the County Auditor-Controller/Treasurer/Tax Collector to apply the special levy to all parcels within the Community Facilities District. The bonds were issued in the amount of $1,040,000 in 2002 and $3,245,000 in 2005. The bond obligations will continue until September 2032 for the first bond issue and until September 2035 for the second bond issue.
Community Facilities District 07-01 contains 249 parcels and is located within the area having the west border of Topaz Road, east border of Diamond Road, north border of Mojave Drive and south border of Hook Boulevard. A map is attached showing the area the District is located (Attachment C). The APN numbers and property addresses are also included as an attachment to the resolution for reference (Attachment D). The establishment of the District included the annual determination of the special tax levy required to meet the bond obligations and to direct the County Auditor- Controller/Treasurer/Tax Collector to apply the special levy to all parcels within the Community Facilities District. The bonds were issued in the amount of $2,815,000 in 2012, and the bond obligations will continue until September 2042.
In addition to the assessments required for the bond obligations, the levies include an administrative fee which pays various fees relating to the administration of the Districts as well as the consulting services of Willdan Financial Services, who calculate the assessment amounts, applies them to the tax rolls, and administers the work related to the delinquent accounts.
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Staff recommends approval of Resolution No. 25-056 to order the annual special tax to be applied to property taxes of affected parcels within CFD No. 01-01, as authorized by Ordinance No. 1951 and approval of Resolution No. 25-057 to order the annual special tax to be applied to property taxes of affected parcels within CFD No. 07-01, as authorized by Ordinance No. 2200.
Staff remains available for any questions City Council may have.
Prepared By:
Amber Darling, Finance Analyst
Attachments: A. Map of CFD 01-01
B. Resolution No. 25-056
C. Map of CFD 07-01
D. Resolution No. 25-057