CFD 2014-2 (North Vineyard Station No. 2) special tax

“In 2014, 2016 and 2021, the Sacramento County Board of Supervisors (Board) took the following actions, under the terms and provisions of the Mello-Roos Community Facilities Act of 1982, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (Act), to establish the County of Sacramento Community Facilities District No. 2014-2 (North Vineyard Station No. 2) (CFD 2014-2 NVS-2) and authorize the issuance of bonds to finance the acquisition and construction costs of certain capital public facilities:”

“Special Tax Requirement" means the amount necessary in any Fiscal Year to: (i) pay principal and interest on Bonds that is due in the calendar year that begins in such Fiscal Year; (ii) create and/or replenish reserve funds for the Bonds to the extent such replenishment has not been included in the computation of Special Tax Requirement in a previous Fiscal Year; (iii) cure any delinquencies in the payment of principal or interest on Bonds which have occurred in the prior Fiscal Year; (iv) pay Administrative Expenses; and (v) pay directly for Authorized Facilities.”

“A Special Tax applicable to each Assessor's Parcel in the County of Sacramento Community Facilities District No. 2014-2 (North Vineyard Station No. 2) shall be levied and collected according to the tax liability determined by the Board of Supervisors, acting in its capacity as the legislative body of the CFD, through the application of the appropriate Special Tax rate, as described below. All of the property in CFD No. 2014-2, unless exempted by law or by the provisions of Section H below, shall be taxed for the purposes, to the extent, and in the manner herein provided, including property subsequently annexed to the CFD unless a separate Rate and Method of Apportionment is adopted for the annexation area.”

2014-12-02

“Adopted Resolution No. 2014-0937 establishing the CFD 2014-2 NVS-2 (December 2, 2014);”

Resolution No. 2014-0937

“Adopted Resolution No. 2014-0937 establishing the CFD 2014-2 NVS-2 (December 2, 2014);”

“The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that prepayments are permitted as set forth in Section I below and provided further that the County may directly bill the Special Tax, may collect Special Taxes at a different time or in a different manner, and may collect delinquent Special Taxes through foreclosure or other available methods.”

“The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes”

“Notwithstanding any other provision of this RMA, no Special Taxes shall be levied on the following: (i) Public Property, except Taxable Public Property, (ii) Parcels that are designated as permanent open space or common space on which no structure is permitted to be constructed, (iii) Parcels owned by a public utility for an unmanned facility, (iv) Parcels subject to an easement that precludes any use on the Parcel other than that permitted by the easement, and (v) Parcels that have fully prepaid the Special Tax obligation, as determined pursuant to the formula set forth in Section I below.”