CFD 2017-1 (Tesoro Viejo) Improvement Area 1 special tax

“for the purpose of financing certain public facilities (the "Facilities") and the funding of certain public services (the "Services"), as further provided in the Resolution of Intention”

“All of the collections of the Special Taxes shall be used as provided for in the Act and in the Resolution of Formation including, but not limited to, the payment of principal and interest on the Bonds, the replenishment of any reserve fund for the Bonds, the payment of the costs of the Facilities and Services, the payment of the costs of the County in administering the CFD, and the costs of collecting and administering the Special Taxes.”

“The Property that is the subject of this Ballot is identified as: Madera County Assessor Parcel Numbers: Improvement Area 1: 051-740-001 - Hillside Village ... The total acreage of the Property: Improvement Area 1: 260.88 Acres”

2017-02-07

“The CFD, called "County of Madera Community Facilities District No. 2017-1 (Tesoro Viejo)," and Improvement Area 1 and Improvement Area M therein, are hereby established pursuant to the Act.”

Resolution No. 2017-020 (formation); Ordinance No. 685 (levy), adopted 2017-02-21

“The CFD, called "County of Madera Community Facilities District No. 2017-1 (Tesoro Viejo)," and Improvement Area 1 and Improvement Area M therein, are hereby established pursuant to the Act.”

“The Special Taxes shall be collected in the same manner as ordinary ad valorem taxes are collected and shall have the same lien priority, and be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes; provided, however, that the County Administrative Officer is hereby authorized to collect the Special Taxes by other appropriate methods of collection, including direct billing to the affected property owners at such intervals deemed appropriate.”

Madera County Treasurer/Tax Collector (on the secured roll)

“The County Administrative Officer is hereby authorized and directed to provide all necessary information to the County Treasurer/Tax Collector and to otherwise take all actions necessary in order to effect proper billing and collection of the Special Taxes, so that the Special Taxes will be levied and collected in sufficient amounts and at times necessary to satisfy the financial obligations of the CFD.”

“Except as may otherwise be provided by law or by each Rate and Method, properties or entities of the State, federal or local governments shall be exempt from any levy of the Special Taxes. In no event shall the Special Taxes be levied on any parcel within either Improvement Area in the CFD in excess of the maximum tax specified in the Resolution of Formation and each Rate and Method.”

“Step 1: In the first fifteen (15) Fiscal Years in which an Annual Facilities Special Tax is levied within Improvement Area 1, the Maximum Annual Facilities Special Tax shall be levied on all Parcels of Developed Property provided that if (a) debt service on Outstanding Bonds is lower than the Original Bond Debt Service as a result of a Bond refunding”