SNEETHATER UNION HIGH SCHOOL DISTRICT RESOLUTION NO. 1681 RESOLUTION DECLARING AND ESTABLISHING THE FORMATION OF A COMMUNITY FACILITIES DISTRICT, AND AUTHORIZING SUBMITTAL OF LEVY OF SPECIAL TAXES TO THE QUALIFIED ELECTORS On motion of Member Aguilar . Seconded by Member Hogan the following Resolution is adbpted: HHEREAS, a public hearing has been held and concluded, and the BOARD OF TRUSTEES of the SHEETHATER UNION HIGH SCHOOL DISTRICT, CALIFORNIA, (hereinafter referred to as the legislative body of the local Agency"), is desirous at this time to proceed with the establishment of a community facilities district, pursuant to the terms and provisions of the "Mello-Roos Cmnmu?ty Facilities Act of 1982", being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California, said Community Facilities District shall hereinafter be referred to as COMMUNITY FACILITIES DISTRICT NO. 1 (hereinafter referred to as the "District"); and, HHEREAS, this legislative body' has further declared its intent that the autho- rized public facilities be financed through the issuance of bonds, said bonds secured by the levy of a special tax; and, UHEREAS, inasmuch as there are less than twelve (12) registered voters residing within the territory of the District, and have been been for at least the preceding ninety (90) days, this legislative body is desirous to submit the levy of the required special tax to the landowners of the District, said landowners being the qualified electors as authorized by law. BE IT RESOLVED: SECTION 1. That the above recitals are all true and correct. SECTION 2. That this legislative body does hereby establish and declare the forma- tion of the Community Facilities District known and designated as FACILITIES DISTRICT NO. SECTION 3. That the boundaries and parcels of land in which the public facilities are to be provided and on which special taxes will be levied in order to pay the costs and expenses for said public facilities are generally described as follows: EWV SECTION 4. SECTION 5. SECTION 6. All property within the boundaries of COMMUNITY FACILITIES DISTRICT NO. 1, as shown on a map as previously approved by this legislative body, said map designated by the name of this Comnunity Facilities District, a 'copy of which is on file in the Office of the Secretary. A general description of the public capital facilities which this legis- lative body is authorized by law to construct, own or operate, which are the facilities to be improved under these proceedings, are generally described as follows: The construction of certain public capital school facilities, consisting of a middle school or increments thereof, and a high school or increments thereof, having a total capacity of approximately 3,200 students, includ- ing acquisition of land as necessary, and including equipment and appur- tenances, all facilities to be consistent with the building area and cost standards established by the State Allocation Board. That a special tax, except where funds are otherwise available, is hereby authorized, subject to voter approval, to be levied annually within the - boundaries of said District. For particulars as to the rate and method of apportionment of the proposed special tax, reference is made to the attached and incorporated Exhibit which sets forth in sufficient detail the method of apportionment to allow each landowner or resident within the proposed District to clearly estimate the annual amount that said person will have to pay for said facilities. Saidrspecialubaxgshall utiliZed to or pUrchase pf?The This legislative body hereby further directs that the ballot proposition relating to the levy of the above referenced special tax be combined and consolidated with the proposition relating to the incurring of a bonded indebtedness. This Resolution shall not constitute the notice of the election and the Resolution declaring the necessity to incur the bonded indebtedness shall constitute the notice of the combined election relating to the bonded indebtedness and authorization for the special tax levy. PASSED AND ADOPTED by the Board of Trustees of the Sweetwater Union Hi School District, County of San Diego, State of California, on this 25tl1 day of ?Re 1986, by the following vote: AYES: NDES: ABSENT: Aguilar, Bauer, Chapman, David, Hogan None None STATE OF CALIFORNIA SS COUNTY OF SAN DIEGO I I, Anthony J. Trujillo, Secretary of the Board of Trustees of the Sweetwater Union High School District, County of San Diego, State of California, do hereby certify that the foregoing is a true copy of a Resolution adopted by said Board at a ecial meeting thereof, at the time and by the vote therein stated, which original Resolution is on file in the office of said Board. June 27, 1986 'Date SHEETHATER UNION HIGH SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO. 1 EXHIBIT RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX The Resolution of Intention refers to this Exhibit for an explanation of the rate and apportionment of the special tax so as to allow each landowner or resident within the proposed district to estimate the annual amount that would be required for payment. For particulars as to the rate and method of apportionment, see the following: BASE TAX The base tax for fiscal year 1986-87 is $290.00, and said base tax shall be annually adjusted to reflect changes in the Building Cost Index, not less than Once property is subject to a final building permit and is within the Category I tax rate, said property and tax rate shall only be subject to escalation not to exceed 2% per year. TAX RATES Tax rates shall be based upon and not exceed the annual base tax adjusted by the tax factor for each tax category as set forth below as determined on June 30th of each year. All taxable property shall be subject to a single rate of special tax levied in the following order of priority. TAX CATEGORIES AND TAX FACTORS CATEGORY 1. FINAL LAND USE RATE: The maximwn annual special tax for taxable property in one of the following tax categories shall be levied and applicable upon the issuance of a building permit for such property, and shall be paid for a period not to exceed 25 years or until~all bonds have been discharged, whichever is earlier. RESIDENTIAL [Developed Square Foot] FACTOR (x of Base Tax1,100 80% 1,101 - 1,350 95% 1,351 - 1,500 110% 1,501 1,650 125% 1,651 - 2,000 150% 2,001+ 180% COMMERCIAL [Develpped Square Foot] Per square foot of developed space .15% INDUSTRIAL Per acre of land 500% CATEGORY II. APPROVED LAND USE RATE: The maximum annual special tax for all taxable property in the following category shall be levied and applicable at the time of approval of any final subdivison tract and/or parcel map, and said tax shall be levied as long as needed to pay for facilities and/or pay debt service on bonds. ALL LAND BASE TAX Per acre or pro-rate portion thereof 250% CATEGORY ACREAGE RATE: To the extent that the special tax revenues collected from Category I and Category II are insufficient to meet the annual payment for debt service on the bonds, all other taxable property not subject to one of the above taxing categories shall be subject to a tax rate not to exceed $1,000 per acre, or pro-rata portion thereof. DEFINITIONS "Developed square foot" shall be the square footage of the development as set forth in any building plan for which a building permit has been issued. "Commercial" shall include all retail and office use. "Industrial" shall include all properties not within a residential or commercial use, which properties are subject to tax under these proceedings. "Acre or parcel" shall be the area of the lots or parcels as shown on any final approved subdivision and/or parcel map, if not subject to any final approved subdivision and/or parcel map, shall be the acreage as shown on the last County Assessor's maps for each year any tax is to be levied. The "Building Cost Index" shall be the Building Cost Index for the City of Los Angeles adjusted annually based upon the last available data as of June 30th of each year, as set forth in the ENGINEERING NENS-RECORD (ENR), McGraw-Hill Construction Neekly.