CFD 2003-1 (Poppy Ridge) infrastructure special tax

“WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), the City Council (the "City Council") of the City of Elk Grove (the "City"), on January 15, 2003, approved Resolution No. 2003-15 establishing the City of Elk Grove Community Facilities District No. 2003-1 (Poppy Ridge) (the "CFD")”

“The CFD is located in the southern portion of the East Franklin Specific Plan and provides financing for certain infrastructure improvements, including roadways, sewer, water supply, and drainage facilities.”

“A Special Tax of Community Facilities District No. 2003-1 (Poppy Ridge) of the City of Elk Grove ("CFD") shall be levied on all Assessor's Parcels in the CFD and collected each Fiscal Year commencing in Fiscal Year 2003-04 in an amount determined by the City through the application of the rate and method of apportionment of the Special Tax set forth below.”

2003-01-15

“On January 15, 2003, the City Council adopted Resolution No. 2003-15 establishing the City of Elk Grove Community Facilities District No. 2003-1 (Poppy Ridge) (the "CFD") to provide financing for certain infrastructure and police services in the CFD and providing for the levy of a special tax in the CFD.”

Resolution No. 2003-15

“On January 15, 2003, the City Council adopted Resolution No. 2003-15 establishing the City of Elk Grove Community Facilities District No. 2003-1 (Poppy Ridge) (the "CFD") to provide financing for certain infrastructure and police services in the CFD and providing for the levy of a special tax in the CFD.”

other: annual special tax collected on the Sacramento County property tax bill, not a one-time charge at permit

“Special Tax as levied pursuant to Section D above shall be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that the CFD Administrator may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner if necessary to meet the financial obligations of the CFD or as otherwise determined appropriate by the CFD Administrator.”

County of Sacramento (Auditor / property tax roll)

“The Finance Director and the City's Finance District Administration consultant, NBS Government Services, are hereby authorized and directed to file the Special Tax or Assessment roll with the Auditor of the County of Sacramento.”

“Tax-Exempt Property" means an Assessor's Parcel not subject to the Special Tax. Tax-Exempt Property include: (i) Public Property, (ii) Development-Restricted Property, or (iii) any Assessor's Parcel that has prepaid its Special Taxes pursuant to Section H, or (iii) Property Owner Association Property.”

“Special Tax Requirement" means that amount required in any Fiscal Year for the CFD to: (a) ... (vii) pay for Public Safety Costs for Developed Property, less (b) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.”

“Commencing with Fiscal Year 2003-04, and for each following Fiscal Year, the Council shall levy the Special Tax until the amount of the Special Tax levied equals the Special Tax Requirement.”