CFD No. 2021-01 (Valencia - Facilities) special tax

“The purpose of the Facilities CFD is to finance the purchase, construction, modification, expansion, and improvement or rehabilitation of public facilities in the Valencia Project, as described more fully below.”

“Road Improvements (including but not limited to Magic Mountain Parkway, Commerce Center Drive, Westridge Parkway, Long Canyon Road, Valencia Boulevard, Legacy Village Road, Potrero Valley Road, Homestead South Road, Landmark Road, Chiquito Valley Road, The Old Road, Henry Mayo Drive, and Wolcott); Sewer Improvements ...; Water Improvements ...; Storm Drain Improvements ...; Utility Improvements ...; Median/Parkway Landscaping ...; Water Quality Basins; Bridge Improvements; Improvements to SR 126; Interchanges, Bridges, and Pedestrian Bridges; Public Parks; Libraries; Fire Stations; Potable and Recycled Water Distribution Facilities; Wastewater Reclamation Plant, including site acquisition, site development and facility improvements; Utility Corridors; and Trails and Landscaping.”

“CFD No. 2021-01 is located approximately 35 miles northwest of downtown Los Angeles adjacent to the City of Santa Clarita. The boundaries of CFD No. 2021-01 are coterminous with Improvement Area No. 1 and consist of the first phase of Mission Village, which is part of the Newhall Ranch Specific Plan (the "Project") and is expected to consist of approximately 1,268 residential units. The balance of the Project is included in the Future Annexation Area and may be annexed in phases to CFD No. 2021-01, as new separate improvement areas (each a "Future Improvement Area")”

2021-03-09

“does hereby fix the specific annual special tax rate and levy such tax upon property within Community Facilities District No. 2021-01 (Valencia Facilities) Improvement Area No. 1, 2, and 3 at the amount determined pursuant to the Special Tax Rate and Method of Apportionment approved and adopted on January 26, 2021 for Improvement Area No. 1, adopted on April 5, 2022 for Improvement Area No. 2, and adopted on October 17, 2023 for Improvement Area No. 3”

Resolutions adopted 2021-03-09 (formation); levy authorized by Ordinance No. 2021-0015, adopted 2021-03-23

“does hereby fix the specific annual special tax rate and levy such tax upon property within Community Facilities District No. 2021-01 (Valencia Facilities) Improvement Area No. 1, 2, and 3 at the amount determined pursuant to the Special Tax Rate and Method of Apportionment approved and adopted on January 26, 2021 for Improvement Area No. 1, adopted on April 5, 2022 for Improvement Area No. 2, and adopted on October 17, 2023 for Improvement Area No. 3”

“MANNER OF COLLECTION — The Special Tax will be collected in the same manner and at the same time as ordinary ad valorem property taxes; provided, however, that CFD No. 2021-01 (IA No. 1) may directly bill the Special Tax, may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor's Parcels as permitted by the Act.”

County of Los Angeles Treasurer and Tax Collector; placed on the secured roll by the Auditor-Controller

“2. Instruct the Treasurer and Tax Collector to implement the levy and collection of the 2024-2025 special taxes. 3. Instruct the Auditor-Controller to place the special taxes on the 2024-2025 secured property tax roll.”

“No Special Tax shall be levied on up to 77.90 Acres of Property Owner Association Property or Public Property in CFD No. 2021-01 (IA No. 1). Tax-exempt status will be assigned by the CFD Administrator in the chronological order in which property in CFD No. 2021-01 (IA No. 1) becomes Public Property or Property Owner Association Property. ... In addition, no special tax shall be levied on welfare property.”

“b. If the Total Effective Tax Rate for any Plan Type in a Land Use Class in CFD No. 2021-01 (IA No. 1) is greater than the Total Effective Tax Rate Limit, the CFD Administrator shall calculate a revised Assigned Special Tax for that Land Use Class in CFD No. 2021-01 (IA No. 1), such that the revised Assigned Special Tax does not cause the Total Effective Tax Rate for any Plan Type in such Land Use Class to exceed the Total Effective Tax Rate Limit.”