CFD No. 1 (Villages at Sierra Vista) special tax

“The CFD is being formed to fund major road improvements, potable and non-potable water system improvements, wastewater system improvements, solid waste improvements, park and paseo improvements, open space improvements, and other authorized facilities under the Mello-Roos Act, serving the Project as a condition of the City's approval of the development Project.”

“Authorized facilities include development impact fees paid and not otherwise reimbursed, whether standard City or County fees levied at the time of the issuance of a building permit or required as part of the DA for the property. Fees include, but are not limited to, the South Placer Regional Transportation Authority Tier II Traffic Fee, City of Roseville City Wide Park Fee, City of Roseville Public Facilities Fee, and Public Benefit Fee (as defined in Section 3.14.3 of the DA for the property).”

“The boundaries of the CFD and the Future Annexation Area, as set forth in the map of the CFD heretofore recorded in the Placer County Recorder's Office on March 26, 2018 in Book 3 at Page 77, as Document No. 2018-0019977 of Maps of Assessment and Community Facilities Districts, are hereby approved, are incorporated herein by reference and shall be the boundaries of the CFD and the Future Annexation Area, respectively.”

2018-05-02

“On March 21, 2018, the City Council of the City (the "City Council"), as legislative body of the District, adopted a Resolution of Intention to form the District under the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), to levy a special tax and to incur bonded indebtedness for the purpose of financing the Improvements and making contributions to certain public facilities. After conducting a noticed public hearing, on May 2, 2018, the City Council adopted a Resolution of Formation (the "Resolution of Formation"), which established the District and a future annexation area for the District (the "Future Annexation Area"), set forth the Rate and Method within the District and set forth the necessity to incur bonded indebtedness in a total amount not to exceed $310,000,000.”

Resolution of Formation, adopted 2018-05-02 (resolution NUMBER not published)

“On March 21, 2018, the City Council of the City (the "City Council"), as legislative body of the District, adopted a Resolution of Intention to form the District under the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), to levy a special tax and to incur bonded indebtedness for the purpose of financing the Improvements and making contributions to certain public facilities. After conducting a noticed public hearing, on May 2, 2018, the City Council adopted a Resolution of Formation (the "Resolution of Formation"), which established the District and a future annexation area for the District (the "Future Annexation Area"), set forth the Rate and Method within the District and set forth the necessity to incur bonded indebtedness in a total amount not to exceed $310,000,000.”

other: annual, as a line item on the Placer County secured property tax bill — NOT a one-time charge at permit

“The Special Tax will be collected in the same manner and at the same time as ad valorem property taxes, provided, however, the Administrator or its designee may directly bill the Special Tax and may collect the Special Tax at a different time, such as on a monthly or other periodic basis, or in a different manner, if necessary, to meet the City's financial obligations.”

County of Placer (Tax Collector / Auditor-Controller), on the general secured property tax roll

“Prepare the Tax Collection Schedule and, unless an alternative method of collection has been selected pursuant to Section 9, send it to the County Auditor requesting that it be placed on the general, secured property tax roll for the Fiscal Year.”

“Tax-Exempt Parcel" means a Parcel not subject to the Annual Special Tax. Tax-Exempt Parcels include (a) Public Parcels, and (b) Parcels owned by the City, school districts, special districts, or the state or federal government. A Taxable Parcel that is acquired by a public agency, the Parcel shall remain a Taxable Parcel as per the provisions of Section 4.h. Certain privately-owned Parcels also may be exempt from the levy of Annual Special Taxes, including common areas owned by homeowner's associations or property owner associations, wetlands, detention basins, water quality ponds, and open space, as determined by the Administrator.”

“Any taxpayer who feels the amount of the Special Tax assigned to a Parcel is in error may file a notice with the Finance Director appealing the levy of the Special Tax. The Finance Director then will promptly review the appeal and, if necessary, will meet with the applicant. If the Finance Director verifies that the tax should be modified or changed, the Special Tax levy will be corrected and, if applicable in any case, a credit or refund will be granted.”