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HomeMy WebLinkAboutCC RES 02-021RESOLUTION NO. 02-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, FOR PRELIMINARY APPROVAL OF THE ENGINEER'S REPORT REGARDING THE FORMATION OF THE SHEPHERD LANE LANDSCAPING AND LIGHTING DISTRICT; THE CONCURRENT ANNEXATION OF SAID TERRITORY INTO THE PALM DESERT CONSOLIDATED LANDSCAPING AND LIGHTING DISTRICT; AND THE LEVY AND COLLECTION OF ANNUAL ASSESSMENTS RELATED THERETO FOR FISCAL YEAR 2002/03 WHEREAS, the City Council has, by previous Resolution, ordered the preparation of an Engineer's Report (hereafter referred to as the "Report") regarding the formation of an assessment district to be designated as the "Shepherd Lane Landscaping and Lighting District" (hereafter referred to as the "District") located along Shepherd Lane, west of Portola Avenue, south of Gerald Ford Drive, north of Frank Sinatra Drive and generally east of Monterey Avenue; and the concurrent annexation of said District and territory therein, into the Palm Desert Consolidated Landscaping and Lighting District (hereafter referred to as the "Consolidated District"), and the levy and collection of assessments, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the Streets and Highways Code of California, beginning with Section 22500 (hereafter referred to as the "Act"); and, WHEREAS, there has now been presented to this City Council the Report as required by Chapter 2, Article 1, Section 22586 of said Act; and, WHEREAS, the City Council has carefully examined and reviewed the Report as presented and is preliminarily satisfied with the District, each and all of the budget items and documents as set forth therein, and is preliminarily satisfied that the proposed annual assessments have been spread in accordance with the special benefits received from the improvements, operation, administration, maintenance and services to be performed within the District, as set forth in said Report. NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY COUNCIL FOR THE DISTRICT, AS FOLLOWS: Section 1: That the preceding recitals are all true and correct. Section 2: That the Report as presented, consists of the following: a. A Description of Improvements. Page 1 of 3 RESOLUTION: 02-21 Section 3: Section 4: b. A Boundary Diagram of the District. c. The proposed Annual Budget for the first fiscal year (Costs and Expenses). d. The Method of Apportionment that details the method of calculating each parcel's proportional special benefits and annual assessment. e. The proposed initial "Maximum Assessment" (levy per EBU) and an "Assessment Range Formula" that must be approved by the property owners pursuant to the California Constitution Article XIIID. f. The District Roll containing the Levy for each Assessor Parcel within the District commencing Fiscal Year 2002/03. The Report is hereby approved on a preliminary basis, and ordered to be filed in the Office of the City Clerk as a permanent record and to remain open to public inspection. The Maximum Assessment and Assessment Range Formula described in the Report are hereby approved on a preliminary basis, and shall be submitted to the property owners within the District for approval pursuant to the provisions of the California Constitution Article XIIID (Proposition 218). Section 5: The City Clerk shall certify to the passage and adoption of this Resolution, and the minutes of this meeting shall so reflect the presentation of the Report. Page 2 of 3 RESOLUTION: 02-21 PASSED, APPROVED, AND ADOPTED this STATE OF CALIFORNIA COUNTY OF RIVERSIDE CITY OF PALM DESERT ss. 14th day of March 2002. I, SHEILA R. GILLIGAN , City Clerk of the City of Palm Desert, County of Riverside, State of California do hereby certify that the foregoing Resolution No. 02-21 was regularly adopted by the City Council of said City of Palm Desert at a regular meeting of said council held on the 14th day of March , 2002 by the following vote: AYES: BENSON, CRITES, FERGUSON, SPIEGEL, KELLY NOES: NONE ABSENT: NONE ABSTAINED: NONE Mayor, Ri hard Kelly City of,P 1m Desert - ity Clerk, Gill' City of Palm Desert Page 3 of 3 Resolution No. 02-21 CITY OF PALM DESERT ENGINEER'S REPORT SHEPHERD LANE LANDSCAPING AND LIGHTING DISTRICT FORMATION Fiscal Year 2002-2003 Intent Meeting: Public Hearing: March 14, 2002 May 9, 2002 gal MuniFinancial Corporate Office 28765 Single Oak Drive Suite 200 Temecula, CA 92590 Tel: (909) 699-3990 Tel: (800) 755-MUNI (6864) Fax: (909) 699-3460 Regional • Anaheim, CA • Industry, CA • Jacksonville, FL • Lancaster, CA • Oakland, CA www.muni.com Offices • Phoenix, AZ • San Diego, CA • Seattle, WA • Washington, DC Resolution No. 02-21 TABLE OF CONTENTS I. OVERVIEW 3 A. INTRODUCTION 3 B. GENERAL DESCRIPTION OF THE DISTRICT 4 II. PLANS AND SPECIFICATIONS 5 A. DESCRIPTION OF THE DISTRICT 5 B. DISTRICT IMPROVEMENTS AND SERVICES 8 GENERAL PROVISIONS OF THE LAW 8 LOCATION AND EXTENT OF IMPROVEMENTS 10 III. METHOD OF APPORTIONMENT 11 A. IMPROVEMENT BENEFIT FINDINGS 11 GENERAL BENEFITS 11 SPECIAL BENEFITS 12 B. DESCRIPTION OF THE METHOD OF APPORTIONMENT 13 EQUIVALENT BENEFIT UNITS: 14 EBU APPLICATION BY LAND USE• 14 Land Use Designations and Equivalent Benefit Units 16 C. ASSESSMENT RANGE FORMULA 17 IV. DISTRICT BUDGET 20 A. CALCULATION OF MAXIMUM ASSESSMENT 20 B. DISTRICT BUDGET FOR FISCAL YEAR 2002-2003 21 APPENDIX A - DISTRICT ASSESSMENT DIAGRAM 22 APPENDIX B - 2002-2003 PROPOSED ASSESSMENT ROLL 27 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District I. OVERVIEW A. Introduction The City of Palm Desert ("City") proposes to form the Shepherd Lane Landscaping and Lighting District ("District") for Fiscal Year 2002-2003. The City Council on behalf of the City proposes to levy and collect special assessments on the County tax rolls to provide funding for the costs and expenses required for maintenance of the landscaping improvements within the District. Upon successful formation of the District and approval of the assessments, the territory within the District will be concurrently annexed into the existing Palm Desert Consolidated Landscaping and Lighting District ("Consolidated District") as Zone 16 (Shepherd Lane). The District will be formed, annexed into the Consolidated District, and levied pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (the Act), and in compliance with the substantive and procedural requirements of the California Constitution Article XIIID. This Engineer's Report ("Report") describes the District and assessments to be levied against properties within the District commencing with Fiscal Year 2002- 2003. The assessments described herein are based on the estimated cost to maintain the improvements that will provide a direct and special benefit to properties within the District. Improvements to be maintained and funded through annual assessments shall be constructed and installed in connection with the development of these properties. The annual costs and assessments described herein include all estimated direct expenditures, incidental expenses, deficits, surpluses, revenues, and reserves associated with the maintenance and servicing of the improvements. The word "parcel," for the purposes of this Report, refers to an individual property assigned its own Assessment Number by the County of Riverside Assessor's Office. The County of Riverside Auditor/Controller uses Assessment Numbers and specific Fund Numbers to identify properties assessed on the tax roll for special district benefit assessments. At a noticed Public Hearing, the City Council will consider all public comments and written protests presented. Upon conclusion of the Public Hearing, the City Council will tabulate property owner protest ballots received to determine whether majority protest exists, and by resolution confirm the results of the protest ballot tabulation. Proceedings for the formation of the assessment district shall be abandoned if majority protest exists. If tabulation of MuniFinancial Page 3 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District the property owner protest ballots indicates approval of the assessments and the assessment range formula presented, by resolution the City Council will approve the Engineer's Report as submitted or amended (amendments may not increase the assessments approved by the property owners). Following approval of the Report, the City Council will by resolution, order the formation of the District, the annexation of the territory into the Consolidated District, and confirm the levy and collection of assessments pursuant to the Act. In such case, the assessments as approved may be submitted to the Riverside County Auditor/Controller to be included on the property tax roll for each parcel for Fiscal Year 2002-2003, or reviewed and confirmed at the annual public hearing for the Consolidated District along with all other assessments within the Consolidated District. B. General Description of the District The District consists of all lots, parcels and properties located the proposed development area along Shepherd Lane between Frank Sinatra Dive and Gerald Ford Drive. The District (Shepherd Lane) is generally located west of Portola Avenue, south of the Gerald Ford Drive, north of Frank Sinatra Dive, and generally west of the Monterey Avenue. The improvements and services that provide a special benefit to properties within the District generally include, but are not limited to: • Parkway landscaping adjacent to the developments and residential subdivisions; • Perimeter landscaping along the exterior boundary of the District; • Any slopes, parkways, entryways, open space areas, retention basins or other landscaped areas associated with the development of properties within the District that will be maintained by the District. • Street lights within and adjacent to the developments and subdivisions within the District The estimated annual cost to provide and maintain the improvements within the District have been allocated to each property in proportion to special benefits received. The Method of Apportionment described in this Report utilizes commonly accepted assessment engineering practices and has been established pursuant to the 1972 Act and the provisions of Proposition 218 (Articles XIIIC and XIIID of the California Constitution), approved by the voters in November 1996. MuniFinancial Page 4 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District II. PLANS AND SPECIFICATIONS A. Description of the District The District consists of all lots, parcels and developments along Shepherd Lane located west of Portola Avenue, south of the Gerald Ford Drive, north of Frank Sinatra Dive, and generally east of the Monterey Avenue. Refer to the Assessment Diagram for details of the District boundary. The proposed District includes all parcels of land that have been approved or planned for residential development (Final or Tentative Tract Maps), properties designated for future development (residential or commercial) as well as parcels currently owned by the Palm Desert Redevelopment Agency (RDA): Approved residential subdivisions • Tract No. 29469 (lots 1-15) — Fifteen (15) subdivided single-family residential parcels on the west side of Shepherd Lane at Daisy Lane; (APN Book 653, Page 760, Parcels 001 through 015). • Tract No. 30030 (lots 1-16)— Sixteen (16) subdivided single-family residential properties on the west side of Shepherd Lane at Alpine Lane; (APN Book 653, Page 760, Parcels 019 through 034). • Tract No. 29444 (lots 9-24) — Sixteen (16) subdivided single-family residential parcels on the west side of Shepherd Lane at West College View Circle; (APN Book 653, Page 752, Parcels 001 through 016). • Tract No. 29444 (lots 1-8 & 25-32) — Sixteen (16) subdivided single-family residential parcels on the east side of Shepherd Lane at East College View Circle; (APN Book 653, Page 751, Parcels 001 through 016). • Tract No. 30216 (lots 1-16, E & F) — Sixteen (16) subdivided single-family residential parcels and two landscape easement parcels on the west side of Shepherd Lane at Kokopeli Circle; (APN Book 653, Page 752, Parcels 017 through 034 — parcels 017 & 034 being landscaped easements lots F & E respectively). • Tract No. 30216 (lots 17-32, D & E) — Sixteen (16) subdivided single-family residential parcels and two landscape easement parcels on the west side of Shepherd Lane at Chinook Circle West; (APN Book 653, Page 770, Parcels 001 through 018 — parcels 001 & 018 being landscaped easements lots E & D respectively). MuniFinancial Page 5 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District • Tract No. 30503 (lots 1-16, C & D) — Sixteen (16) approved single-family residential parcels and landscape easements on the east side of Shepherd Lane on Chinook Circle East (APN Book 653, Page 770, Parcel 019). • Tract No. 30025 (lots 1-16) — Sixteen (16) approved single-family residential parcels on the west side of Shepherd Lane at Petunia Place; (APN Book 653, Page 770, Parcel 021). • Tract No. 30025 (lots 17-32) — Sixteen (16) approved single-family residential parcels on the east side of Shepherd Lane at Petunia Place; (APN Book 653, Page 770, Parcel 020). Properties Designated for Future Development/Use • Tentative Tract No. 30269 (lots 1-16) — Sixteen (16) planned single-family residential parcels on the west side of Shepherd Lane at the future Jeri Lane, south of the RDA owned properties (653-370-004 & 005) and north of Tract No. 30025; (APN Book 653, Page 370, Parcel 006). • Tentative Tract No. 30275 (lots 1-16) — Sixteen (16) planned single-family residential lots on the west side of Shepherd Lane, north of the RDA owned properties (653-370-018 & 019) and south of Tentative Tract No. 30087; (APN Book 653, Page 370, Parcel 017). • Tentative Tract No. 30087 (lots 9-24) — Sixteen (16) planned single-family residential lots on the west side of Shepherd Lane at the future Scholar Lane, (APN Book 653, Page 370, Parcel 002). • Tentative Tract No. 30087 (lotsl-8 & 25-32) — Sixteen (16) planned single- family residential lots on the east side of Shepherd Lane at the future Scholar Lane; (APN Book 653, Page 370, Parcel 023). • APN 653-760-017 — 4.68 acres east of Shepherd Lane, west of Portola Avenue, south of Tract No. 29444 and north of Frank Sinatra Drive; designated for future residential or commercial development. • APN 653-760-018 — 3.88 acres east of Shepherd Lane, west of Portola Avenue at Frank Sinatra Drive; designated for future residential or commercial development. • APN 653-751-017 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of Tract No. 30503 and north of Tract No. 29444; designated for future residential development. MuniFinancial Page 6 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District • APN 653-380-001 — 5.00 acres west of Shepherd Lane south of Tentative Tract No. 30269 and north of No. Tract 30025; designated for future residential development. • APN 653-380-002 — 2.50 acres west of Shepherd Lane south of tentative Tract No. 30269 and north of Tract No. 30025; designated for future residential development. • APN 653-380-003 — 2.50 acres west of Shepherd Lane south of Tentative Tract No. 30269 and north of Tract No. 30025; designated for future residential development. • APN 653-380-019 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of the RDA owned properties (653-370-018 & 019) and north of Tract No. 30025; designated for future residential development. • APN 653-380-020 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of the RDA owned properties (653-370-018 Sc 019) and north of Tract No. 30025; designated for future residential development. • APN 653-370-007 — 5.00 acres west of Shepherd Lane south of Tract 30269 and north of Tract No. 30025; designated for future residential development. • APN 653-370-008 — 5.00 acres west of Shepherd Lane south of Tentative Tract No. 30269 and north of Tract No. 30025; designated for future residential development. • APN 653-370-015 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of the RDA owned properties (653-370-018 & 019) and north of Tract No. 30025; designated for future residential development. • APN 653-370-020 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of the RDA owned properties (653-370-018 Sc 019) and north of Tract No. 30025; designated for future residential development. • APN 653-370-024 — 4.69 acres east of Shepherd Lane, west of Portola Avenue, south of the RDA owned properties (653-370-018 & 019) and north of Tract No. 30025; designated for future residential development. • APN 653-370-004 — 5.00 acres west of Portola Avenue, north of Tract 30269 and south of Tract No. 30087; Owned by the RDA with no specified development plans. MuniFinancial Page 7 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District • APN 653-370-005 — 5.00 acres west of Portola Avenue, north of Tentative Tract No. 30269 and south of Tract No. 30087; Owned by the RDA with no specified development plans. • APN 653-370-018 — 4.69 acres west of Portola Avenue, north of Tract No. 30025 and south of Tract No. 30275; Owned by the RDA with no specified development plans. • APN 653-370-019 — 4.69 acres west of Portola Avenue, north of Tract No. 30025 and south of Tract No. 30275; Owned by the RDA with no specified development plans. • APN 653-370-003 — 5.00 acres west of Shepherd Lane, south of Tract No. 30087 and north of the RDA owned properties (653-370-004 & 005), designated for future residential development. • APN 653-370-021 — 4.17 acres west of Shepherd Lane at Gerald Ford Drive; designated for future residential development. • APN 653-370-022 — 3.85 acres east of Shepherd Lane at the corner of Portola Avenue and Gerald Ford Drive; designated for future residential development. The parcels to be assessed receive special benefit from the installation and maintenance of parkway and perimeter landscaping adjacent to and associated with the development of all properties within the District. All landscaping improvements to be maintained by the District are installed as a condition of the development of the original undeveloped properties within the District. Although each developer shall install specific improvement as part of their development plans for their specific tract, it has been determined that each parcel within the project area receives similar and proportional benefit from the collective improvements installed within the District. The District is being formed to ensure and preserve the on going maintenance and operation of all improvements installed in connection with development of the properties within the District. The specific location, description and benefits of the improvements are discussed in the following sections. B. District Improvements and Services GENERAL PROVISIONS OF THE LAW As generally defined by the 1972 Act and applicable to this District, improvements and the associated assessments may include one or any combination of the following: MuniFinancial Page 8 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District 1) The installation or planting of landscaping; 2) The installation or construction of statuary, fountains, and other ornamental structures and facilities; 3) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; 4) The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to: a) Repair, removal, or replacement of all or any part of any improvements; b) Grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities; c) Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury; d) The removal of trimmings, rubbish, debris, and other solid waste; e) The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti. f) Electric current or energy, gas, or other agent for the lighting or operation of any other improvements. Water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements. g) 5) Incidental expenses associated with the improvements including, but not limited to: a) The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment; b) The costs of printing, advertising, and the publishing, posting and mailing of notices; c) Compensation payable to the County for collection of assessments; d) Compensation of any engineer or attorney employed to render services; e) Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and, MuniFinancial Page 9 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District f) Costs associated with any elections held for the approval of a new or increased assessment. LOCATION AND EXTENT OF IMPROVEMENTS The purpose of the District is to ensure the on going maintenance, operation and servicing of local landscape and street lighting improvements installed as a result of property development. These improvements may include but are not limited to all street light facilities as well as landscaping material and facilities within the District including ground cover, shrubs, trees and plants; irrigation and drainage systems; ornamental lighting structures, masonry walls or other fencing, entryway monument, and associated appurtenant facilities located within the: • Parkway/Perimeter landscaping along the west side of Portola Avenue between Frank Sinatra Dive and Gerald Ford Drive; • Parkway landscaping along both sides of Shepherd Lane between Frank Sinatra Dive and Gerald Ford Drive; • Parkway/Perimeter landscaping along the north side of Frank Sinatra Drive from Portola Avenue west to the western boundary of the District (the western boundary being the southwest point of Tract 29469); • Parkway/Perimeter landscaping along the south side of Gerald Ford Drive from Portola Avenue west to the western boundary of the District (the western boundary being the northwest point of Assessor's Parcel Number 653-370-021); • Any extension or expansion of the proposed landscaped areas within or adjacent to the subdivisions within the District that may be installed as part of the development of properties within the District boundaries that will be maintained by the District. These improvements may include, but not limited to slopes, parkways, open space areas, monuments, retention basins or other landscaped easements. MuniFinancial Page 10 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District III. METHOD OF APPORTIONMENT Pursuant to the 1972 Act the costs (assessments) of the District are apportioned by a formula or method that fairly distributes the net amount to be assessed among all parcels in proportion to benefits received from the improvements. Furthermore, the provisions of Article XIIIC and XIIID of the California Constitution (Proposition 218) require the agency to separate the general benefit from special benefit, whereas only special benefits may be assessed. A. Improvement Benefit Findings The annual assessments outlined in the Budget section of this Report are proposed to cover the estimated costs to provide all necessary service, operation, administration, and maintenance required each year to service and maintain street lighting facilities associated with the District and keep the landscaping improvements within the District in a healthy, vigorous, and satisfactory condition. It has been determined that each assessable parcel within the District receives similar and proportional special benefits from the improvements. The fact that all proposed improvements are part of the overall property development plan within the District, and each parcel's close and relatively similar proximity to the improvements makes each parcel's special benefit from the improvements similar and proportionate. All the lots and parcels that receive special benefit from the improvements are included within the District. GENERAL BENEFITS The improvements to be provided and maintained by the District are a direct result of property development within the District and would otherwise not be required or necessary. Developers typically install local improvements to enhance the marketability and value of properties within the development and/or as conditions of development. In either case, the improvements are clearly installed for the benefit of the properties being developed and not for the benefit of surrounding properties outside the District boundaries. Although local development improvements (by virtue of their location) may be visible to surrounding properties, any benefit to surrounding properties is incidental and cannot be considered a direct and special benefit. Furthermore, most developments within the City typically have various landscaping and lighting improvements specifically associated with their development and these improvements are funded by properties within those developments. Therefore, it has been determined that the District improvements and the on -going MuniFinancial Page 11 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District operation and maintenance of those improvements provide no identifiable or measurable general benefit to properties outside the District or to the public at large. SPECIAL BENEFITS All the improvements funded through the District provide a special aesthetic value to each property and enhance the quality of life for property owners within the District as well as the marketability of those properties. All landscaping and lighting improvements associated with the District are part of the overall development plan for properties within the District and specifically installed for the benefit and development of those properties. The special benefits associated with parkway, perimeter, entryway, and other property specific landscaped areas and associated amenities are specifically: 1. Enhanced desirability of properties through association with the improvements. 2. Improved aesthetic appeal of properties within the District providing a positive representation of the development and properties within the development. 3. Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping. 4. Environmental enhancement through improved erosion resistance, dust and debris control and reduced noise and air pollution. 5. Increased sense of pride in ownership of property within the District resulting from well -maintained improvements associated with the properties. 6. Reduced vandalism and criminal activity resulting from well -maintained surroundings and amenities. 7. The special enhancements to the value of property that results from the above benefits. The special benefits of street lighting are the convenience, safety, and security of property, improvements, and goods. Specifically: 1. Enhanced deterrence of crime and the aid to police protection. 2. Increased nighttime safety on streets through enhanced visibility. MuniFinancial Page 12 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District 3. Improved sense of security and safety for pedestrians, motorists and property owners. 4. Improved ingress and egress to property. 5. Reduced vandalism, other criminal acts and damage to improvements or property. 6. Reduced personal property loss. 7. The special enhancement to the value of property that results from the above benefits. B. Description of the Method of Apportionment The assessments outlined in this section represent the proportionate special benefit to each property within the District and the basis of calculating each parcel's proportionate share of the annual costs associated with the District improvements. The costs associated with the maintenance and operation of all District improvements shall be collected through annual assessments from each parcel receiving special benefit. The funds collected shall be dispersed and used for only the services and operation provided to the District. The method of apportionment for the District calculates the receipt of special benefit from the respective improvements based on the actual or proposed land use of the parcels within the District. The special benefit received by each lot or parcel is equated to the overall land use of the parcel based on the parcel's actual land use or proposed planned development, and is reliant upon the special benefit received from the improvements planned within the District. To identify and determine the special benefit to be received by each parcel and their proportionate share of the improvements it is necessary to consider the entire scope of the planned improvements as well as individual property development within the District. Upon review of the proposed improvements it has been determined that each parcel benefits from all the improvements and based on the planned property development a maximum assessment can be established. All costs associated with the improvements shall be fairly distributed among the parcels based upon the special benefit received by each parcel. Additionally, in compliance with Article XHID Section 4 of the State Constitution each parcel's assessment may not exceed the reasonable cost of the proportional special benefit conferred to that parcel. The benefit formula used to determine the assessment obligation is therefore based upon both the improvements that benefit the parcels within the District as well as the proposed land use of each MuniFinancial Page 13 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District property as compared to other parcels that benefit from those specific improvements. In order to establish a reasonable, fair and consistent method of apportioning benefit to each parcel within the District, both the initial and future improvements have been considered. It has been determined that all parcels within the District (including existing residential subdivisions, approved residential subdivisions, future residential subdivisions as well as vacant land with potential residential or commercial development) receive proportional special benefit from the approved and future improvements associated with the District. Therefore, the following benefit nexus and method of calculation shall be applied each fiscal year to apportion each parcels proportional special benefit and distribution of the District's costs and expenses based on the land use (development status) of each respective parcel. EQUIVALENT BENEFIT UNITS: To assess benefits equitably, it is necessary to relate the different type of properties within the District to the improvements and to each other. The Equivalent Benefit Unit method of assessment apportionment for this District utilizes the single-family home site as the basic unit of assessment. A single- family home site equals one Equivalent Benefit Unit (EBU). Every other land use is converted to EBU's based on an assessment formula that equates the property's specific development status, type of development (land use), and size or development plans for the property, as compared to a single-family home site. The EBU method of apportioning benefit is typically seen as the most appropriate and equitable assessment methodology for districts formed under the 1972 Act, as the benefit to each parcel from the improvements are apportioned as a function of land use type and development or development potential. EBU APPLICATION BY LAND USE: Single Family Residential — This land use is defined as a fully subdivided residential home site with or without a structure. This land use is assessed 1.00 EBU per lot or parcel. This is the base value that all other land use types are compared and weighted against (i.e. Equivalent Benefit Unit). Multifamily Residential — This land use is defined as a fully subdivided residential parcel that has more than one residential unit developed on the MuniFinancial Page 14 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District property. Engineering studies have consistently shown that apartment and other multiple -family dwelling units generate lower traffic volumes, water consumption, and typically impact public infrastructure between 60 to 80 percent as much as a single-family residence largely due to lower occupancy of apartment dwelling units versus single family residential units. Therefore, assessments for the multiple residential units shall be prorated with a value of 0.70 EBU per unit. Condominiums — This land use includes residential developments designated as condominiums by the City and may include one to four residential units per parcel. Engineering studies have shown that on average, condominiums generate lower traffic volumes, water consumption, and typically impact public infrastructure less that a detached single-family residence, but more than apartments or other multifamily dwelling units. Therefore, assessments for condominiums shall be prorated with a value of 0.80 EBU per unit. Approved -Residential Development — This land use is defined as any property not fully subdivided, but for which a Final Tract Map has been approved with a specific number of residential lots to be developed on the parcel. This land use type is assessed at 0.75 EBU per planned residential lot. (If the parcel is actually subdivided at the time annual assessments are submitted to the County for Collection, the resulting parcels shall be assessed based on their resulting development status change). Proposed -Residential Development — This land use is defined as any property not fully subdivided and for which a Tentative Tract Map has been submitted or approved with a specific number of proposed residential lots, but a Final Tract Map has not been approved. This land use type is assessed at 0.5 EBU per proposed residential lot. (If the parcel is actually subdivided or a Final Tract Map is approved prior to the annual assessments being submitted to the County for Collection, the resulting land use change or new parcels shall be assessed based on their resulting development status change). Vacant Undeveloped Property — This land use is defined as any property identified as vacant land that is currently undeveloped with no specific development plans, but may be developed or subdivided in the future (No tract map or development plan has been submitted and/or approved). This land use is assessed at 1.00 EBU per parcel. Developed Non -Residential — This land use is defined as property that is developed, but not as residential property as defined by the previous land use designations. The average residential density within in this District is approximately four (4) residential units per acre. Therefore, the proportionate MuniFinancial Page 15 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District benefit assigned to Developed Non -Residential properties shall be 4.00 EBU per gross acre. Parcels designated as Developed Non -Residential that are less than 0.25 acres are assigned a minimum of 1.00 EBU. Exempt Parcels — This land use identifies properties that are not assessed within the District. This land use classification may include but is not limited to lots or parcels that will not be developed such as sliver parcels, dedicated easements, open space areas, dedicated landscaped areas or common areas. Similarly, properties not designated by a County Assessor's Parcel Number (APN) such as streets, utility easements or rights -of -way receive no special benefit and are considered Exempt. These Exempt properties are not assessed for District improvements. If any Exempt property is designated with an APN the County, that parcel shall be assigned 0.00 EBU. Properties that are identified as non-taxable by the County Assessor's Office such as government owned or utility owned properties are not exempt from District assessments unless: the property has limited or restricted development potential; the property clearly receives no benefit from the improvements; or the property provides additional or substantially similar improvements (such is the case with public schools, parks and open space areas). The following table provides a listing by land use type, the Equivalent Benefit Unit factor applied to that land use type and the multiplying factor used to calculate each parcel's individual EBU as outlined in the preceding description. Land Use Designations Property Type Single Family Residential Multifamily Residential Condominiums Approved -Residential Development Proposed -Residential Development Vacant Undeveloped Property Developed Non -Residential Exempt and Equivalent Equivalent Benefit Unit 1.000 0.750 0.800 0.750 0.500 1.000 4.000 0.000 Benefit Units Multiplier Unit/Lot/Parcel Unit Unit Unit/Lots Unit/Lots Parcel Acreage Parcel The benefit formula applied to parcels within the District is based on the preceding Equivalent Benefit Unit (EBU) discussion and table. Each parcel's EBU correlates the parcel's special benefit received as compared to all other parcels benefiting from the improvements. MuniFinancial Page 16 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District The following formula is used to calculate each parcel's EBU (proportional benefit). Parcel Type EBU x Acres or Units = Parcel EBU The total number of Equivalent Benefit Units (EBU's) is the sum of all individual EBU's applied to parcels that receive a special benefit the improvement. An assessment amount per EBU (Rate) for the District improvements is established annually by taking the total cost of the improvement and dividing that amount by the total number of EBU's of all benefiting parcels. This Rate is then applied back to each parcel's individual EBU to determine the parcel's proportionate benefit and assessment obligation. Total Balance to Levy / Total EBU = Levy per EBU Levy per EBU x Parcel EBU = Parcel Levy Amount Although the District is not currently divided into multiple benefit zones, as properties within the District continue to be subdivided and developed, benefit zones may be established. The establishment of benefit zones will be based on the construction and installation of future landscaping and lighting improvements that may provide special benefits to some parcels, but not to all properties assessed within the District. C. Assessment Range Formula Any new or increase in assessments require certain noticing and meeting requirements by law. Prior to the passage of Proposition 218, legislative changes in the Brown Act defined the definition of "new or increased assessment" to exclude certain conditions. These conditions included "any assessment that does not exceed an assessment formula or range of assessments previously adopted by the agency or approved by the voters in the area where the assessment is imposed." This definition and conditions were later confirmed through SB919 (Proposition 218 implementing legislation). The purpose of establishing an assessment range formula is to provide for reasonable increases and inflationary adjustment to annual assessments without requiring costly noticing and mailing procedures, which could add to the District costs and assessments. As part of the District formation, balloting of property owners is required, pursuant to Proposition 218. The ballots presented to the property owners in connection with this Report includes an Assessment Rate to be approved, as well as the approval of an assessment range formula. MuniFinancial Page 17 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District The assessment range formula shall be applied to all future assessments within the District. Generally, if the proposed annual assessment (levy per unit or rate) for the current fiscal year is less than or equals to the "Maximum Assessment" (or "Adjusted Maximum Assessment"), then the proposed annual assessment is not considered an increased assessment. The Maximum Assessment is equal to the initial Assessment approved by property owners adjusted annually by the following criteria: 1. Beginning in the second fiscal year (Fiscal Year 2003/04) and each fiscal year thereafter, the Maximum Assessment will be recalculated annually. 2. The new adjusted Maximum Assessment for the year represents the prior year's Maximum Assessment adjusted by the greater of: (a) Three percent (3.0%); or, (b) The annual increase in the Consumer Price Index (CPI). Each year the City shall compute the annual increase in the CPI. The increase in CPI is the percentage difference between the CPI on January 1, of the current year and the CPI for the previous January 1 (or for a similar period of time) as provided and established by the Bureau of Labor Statistics. This percentage difference (annual difference) shall then establish the allowed increase based on CPI. The Consumer Price Index used shall be based on the CPI established by the Bureau of Labor Statistics for all urban consumers for the Los Angeles, Anaheim, and Riverside Area. Should the Bureau of Labor Statistics revise such index or discontinue the preparation of such index, the City shall use the revised index or comparable system as approved by the City Council for determining fluctuations in the cost of living. If CPI is less than three percent (3.0%), then the allowable adjustment to the Maximum Assessment is three percent. If CPI is greater than three percent (3.0%), than the allowable adjustment to the Maximum Assessment is based on CPI. The Maximum Assessment is adjusted annually and is calculated independent of the District's annual budget and proposed annual assessment. Any proposed annual assessment (rate per levy unit) less than or equal to this Maximum Assessment is not considered an increased assessment, even if the proposed assessment is greater than the assessment applied in the prior fiscal year. The Maximum Assessment will be recalculated and adjusted annually. However, the City Council may reduce or freeze the Maximum Assessment at any time by amending the Engineer's Annual Report. MuniFinancial Page 18 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District Although the Maximum Assessment will normally increase each year, the actual District assessments may remain virtually unchanged. The Maximum Assessment adjustment is designed to establish a reasonable limit on District assessments. The Maximum Assessment calculated each year does not require or facilitate an increase to the annual assessment and neither does it restrict assessments to the adjustment maximum amount. If the budget and assessments for the fiscal year does not require an increase, or the increase is less than the adjusted Maximum Assessment, then the required budget and assessment may be applied without additional property owner balloting. If the budget and assessments calculated requires an increase greater than the adjusted Maximum Assessment then the assessment is considered an increased assessment. To impose an increased assessment the City Council must comply with the provisions of Proposition 218 (Article XIIID Section 4c of the California Constitution). Proposition 218 requires a public hearing and certain protest procedures including mailed notice of the public hearing and property owner protest balloting. Property owners through the balloting process must approve the proposed assessment increase. If the proposed assessment is approved, then a new Maximum Assessment is established for the District. If the proposed assessment is not approved, the City Council may not levy an assessment greater than the adjusted Maximum Assessment previously established for the District. MuniFinancial Page 19 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District IV. DISTRICT BUDGET A. Calculation of Maximum Assessment The Maximum Assessment Rate per EBU presented to the property owners for approval is based on the estimated expenses and benefit units at build out. The following budget reflects these assumptions: Proposed General Special Budget Benefit Benefit DIRECT COSTS Maintenance Costs $126,963 $0 $126,963 Landscape Utilities 35,550 0 35,550 Landscape Extras (Repairs/Materials/Equipment) 22,853 0 22,853 Tree Pruning 1,270 0 1,270 Street Lighting 3,900 0 3,900 Special District Services 0 0 0 Miscellaneous Maintenance 0 0 0 Direct Costs (Subtotal) 190,535 0 190,535 ADMINISTRATION COSTS District Administration 20,086 0 20,086 County Administration Fees 166 0 166 Miscellaneous Administration 0 0 0 Administration Costs (Subtotal) 20,252 0 20,252 LEVY BREAKDOWN Total Direct and Admin. Costs 210,787 0 210,787 Reserve Fund Collection/Transfer 10,539 0 10,539 CIP Collection/Transfers 0 0 0 Reimbursable Contributions/Replenishments 0 0 0 Other Revenue Sources/Contributions 0 0 0 Balance to Levy 221,327 0 221,327 DISTRICT STATISTICS Total Parcels 424 Total Parcels Levied 422 Total Equivalent Dwelling Units 452.00 Levy per EDU $489.66 GENERAL INFORMATION Reserve Fund Account Beginning Reserve Fund Balance 0 0 0 Reserve Collection/Transfers 10 539 0 10.539 Anticipated Reserve Balance 10,539 0 10,539 Capital Improvement Projects (CIP) 0 0 0 Beginning CIP Balance 0 0 0 CIP Collection/Transfers 0 0 0 Anticipated CIP Balance 0 0 0 Adjusted Maximum Levy per EDU 489.66 This Assessment Rate shown above multiplied by each parcel's current Equivalent Benefit Unit (based on current Land Use) shall establish the amount to be presented to each parcel for balloting purposes. MuniFinanczal Page 20 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District B. District Budget For Fiscal Year 2002-2003 The following budget reflects the proposed expenses and assessment rate per Equivalent Benefit Unit for fiscal year 2002-2003. Proposed General Special Budget Benefit Benefit DIRECT COSTS Maintenance Costs $23,200 $0 $23,200 Landscape Utilities 6,496 0 6,496 Landscape Extras (Repairs/Materials/Equipment) 4,176 0 4,176 Tree Pnuiing 232 0 232 Street Lighting 1,050 0 1,050 Special District Services 0 0 0 Miscellaneous Maintenance Q Q Q Direct Costs (Subtotal) 35,154 0 35,154 ADMINISTRATION COSTS District Administration 4,031 0 4,031 County Administration Fees 98 0 98 Miscellaneous Administration Q 0 Q Administration Costs (Subtotal) 4,129 0 4,129 LEVY BREAKDOWN Total Direct and Admin. Costs 39,283 0 39,283 Reserve Fund Collection/Transfer 1,964 0 1,964 QP Collection/Transfers 0 0 0 Reimbursable Contributions/Replenishments 0 0 0 Other Revenue Sources/Contributions Q 0 Q Balance to Levy 41,247 0 41,247 DISTRICT STATISTICS Total Parcels 77 Total Parcels Levied 77 Total Equivalent Dwelling Units 171.00 Levy per EDU $241.22 GENERAL INFORMATION Reserve Fund Account Beginning Reserve Fund Balance 0 0 0 Reserve Collection/Transfers 1,964 Q 10,E Anticipated Reserve Balance 1,964 0 10,539 Capital Improvement Projects (CIP) 0 0 0 Beginning QP Balance 0 0 0 QP Collection/Transfers Q 0 0 Anticipated QP Balance 0 0 0 Adjusted Maximum Levy per EDU 489.66 MuniFinancial Page 21 Resolution No. 02-21 Engineer's Report Fiscal Year 2002-2003 Shepherd Lane Landscaping and Lighting District APPENDIX A - DISTRICT ASSESSMENT DIAGRAM The District consists of all lots, parcels and developments along Shepherd Lane located west of Portola Avenue, south of the Gerald Ford Drive, north of Frank Sinatra Dive, and generally east of the Monterey Avenue. The proposed District includes all approved and planned residential subdivisions (Final or Tentative Tract Maps), vacant undeveloped properties designated for future development and several parcels currently owned by the Palm Desert Redevelopment Agency (RDA). The various tract maps (approved or planned) and the current Assessor's Parcel Maps shown on the following pages identify the parcels and developments within the Shepherd Lane Landscaping and Lighting District at the adoption of this Report and the Resolution of Intention. The District is inclusive of all parcels identified on the Assessor's Parcel Maps — Book 653; Pages 37, 38, 75 and 76. These Assessor's Parcel Maps define the boundaries and constitute the Assessment Diagram for the District. MuniFinancial Page 22 Resolution No. 02-21 E//2 NE//4 SEC 32, r4S, R.6E T.C.A.•oA-o8/ ?ri°e9'. 6/ vU l to Fs9.. Vax fiea•r ©ZO£xs /•r 797 L900E xs 1 •?rci r pss uu . -I- 1- rie sate QI 2414AL _... "01 I 0 69Z0E Ls 0 vax VCI L800£ &L 0 M 6,70'1/38 ILIA' m L If . by Oft IF 0ArA:./tu/r7, rr/so, Oats a I*' Resolution No. 02-21 U7 — M TR 0 17•M•Iw„ CTa AVENUE -r C) P. Resehutj0 0 No p2-21 i 1 Resolution No' 02-21 e. F Resolution No. 02-21 Engineer's Report Shepherd Lane Landscaping and Lighting District APPENDIX B - 2002-2003 PROPOSED ASSESSMENT ROLL Parcel identification for each lot or parcel within the District, shall be the parcel as shown on the Riverside County Secured Roll for the year in which this Report is prepared and reflective of the Assessor's Parcel Maps. As of the resolution of Intention, the Shepherd Lane Landscaping and Lighting District is inclusive of all Assessor's Parcel Numbers (APN's) identified on the Assessor's Parcel Maps Book 653; Pages 37, 38, 75 and 76. A listing of parcels assessed within this District identifying the proposed Maximum Assessment Amount and Assessment Amount for Fiscal Year 2002-2003 is included on the following pages. Both the proposed Maximum Assessment Amount and Assessment Amount for Fiscal Year 2002-2003 are based on the current land use of the property. . MBIA MuniFinancial Page 27 Resolution No. 02-21 Engineer's Report Shepherd Lane Landscaping and Lighting District Estimated Estimated Maximum Proposed EBU at EBU for Levy Levy APN Acres Land Use Tract Lot Build Out FY 02-03 Balloted FY 02-03 653370002 5.00 PROPOSED RESIDENITALDEVELOPMENT TT# 25373 16.00 8.00 3,917.28 1,929.76 653370003 5.00 VACANT UNDEVELOPED PROPERTY 1.00 1.00 489.66 24122 653370004 5.00 VACANT UNDEVELOPED PROPERTY 1.00 1.00 489.66 241.22 653370005 5.00 VACANT UNDEVELOPED PROPERTY 1.00 1.00 489.66 241.22 653370006 5.00 PROPOSED RESIDENTIALDEVELOPMENT TT# 30269 16.00 8.00 3,917.28 1,929.76 653370007 5.00 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653370008 5.00 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653370015 5.00 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653370017 4.69 PROPOSED RESIDENTIAL DEVELOPMENT TT# 30275 16.00 8.00 3,917.28 1,929.76 653370018 4.69 VACANT UNDEVELOPED PROPERTY 1.00 1.00 489.66 241.22 653370019 4.69 VACANT UNDEVELOPED PROPERTY 1.00 1.00 489.66 24122 653370020 4.69 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653370021 4.17 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653370022 3.85 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653370023 4.62 PROPOSED RESIDENTIAL DEVELOPMENT Tr# 25373 16.00 8.00 3,917.28 1,929.76 653370024 4.69 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653380001 5.00 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653380002 2.50 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653380003 2.50 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653380004 5.00 APPROVED RESIDENTIAL DEVELOPMENT TR# 30025 16.00 12.00 5,875.92 2,894.64 653380005 5.00 APPROVED RESIDENTIAL DEVELOPMENT 'IR# 30216 16.00 12.00 5,875.92 2,894.64 653380006 5.00 APPROVED RESIDENTIAL DEVELOPMENT TR# 30216 16.00 12.00 5,875.92 2,894.64 653380019 4.69 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653380020 4.69 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 241.22 653380021 4.69 APPROVED RESIDENTIAL DEVELOPMENT TR# 30025 16.00 12.00 5,875.92 2,894.64 653380022 4.69 VACANT UNDEVELOPED PROPERTY 16.00 1.00 489.66 24122 653380025 4.69 APPROVED RESIDENI1ALDEVELOPMENT TR# 30503 16.00 12.00 5,875.92 2,894.64 653751001 0.22 SINGLE FAMILY RESIDENTIAL TRY/ 29444 25 1.00 1.00 489.66 24122 653751002 022 SINGLE FAMILY RESIDENTIAL TR# 29444 26 1.00 1.00 489.66 24122 653751003 0.22 SINGLE FAMILY RESIDENTIAL TR# 29444 27 1.00 1.00 489.66 24122 MBIA MuniFinancial Page 28 Resolution No. 02-21 Engineer's Report Shepherd Lane Landscaping and Lighting District Estimated Estimated Maximum Proposed EBU at EBU for Levy Levy APN Acres Land Use Tract Lot Build Out FY 02-03 Balloted FY 02-03 653751004 022 SINGLE FAMILY RESIDENIIAL TR# 29444 28 1.00 1.00 489.66 24122 653751005 022 SINGLE FAMILY RESIDENTIAL TR# 29444 29 1.00 1.00 489.66 241.22 653751006 0.23 SINGLE FAMILY RESIDENTIAL TR# 29444 30 1.00 1.00 489.66 24122 653751007 0.21 SINGLE FAMILY RESIDENTIAL TR# 29444 31 1.00 1.00 489.66 24122 653751008 021 SINGLE FAMLLY RESIDENTIAL TR# 29444 32 1.00 1.00 489.66 241.22 653751009 021 SINGLE FAMILY RESIDENTIAL TR# 29444 1 1.00 1.00 489.66 241.22 653751010 020 SINGLE FAMILY RESIDENTIAL TR# 29444 2 1.00 1.00 489.66 241.22 653751011 023 SINGLE FAMILY RESIDENTIAL TR# 29444 3 1.00 1.00 489.66 24122 653751012 022 SINGLE FAMILY RESIDENIIAL TR# 29444 4 1.00 1.00 489.66 24122 653751013 022 SINGLE FAMILY RESIDENTIAL TR# 29444 5 1.00 1.00 489.66 2412_2 653751014 022 SINGLE FAMILY RESIDENTIAL TR# 29444 6 1.00 1.00 489.66 24122 653751015 022 SINGLE FAMILY RESIDENTIAL TR# 29444 7 1.00 1.00 489.66 241.22 653751016 022 SINGLE FAMILY RESIDENTIAL TR# 29444 8 1.00 1.00 489.66 24122 653752001 023 SINGLE FAMILY RESIDENTIAL TR# 29444 9 1.00 1.00 489.66 24122 653752002 022 SINGLE FAMILY RESIDENTIAL. TR# 29444 10 1.00 1.00 489.66 24122 653752003 022 SINGLE FAMILY RESIDENTIAL TR# 29444 11 1.00 1.00 489.66 24122 653752004 022 SINGLE FAMILY RESIDENTIAL TR.# 29444 12 1.00 1.00 489.66 241.22 653752005 022 SINGLE FAMILY RESIDENTIAL TR# 29444 13 1.00 1.00 489.66 241.22 653752006 021 SINGLE FAMILY RESIDENTIAL TR# 29444 14 1.00 1.00 489.66 241.22 653752007 0.30 SINGLE FAMILY RESIDENTIAL TR# 29444 15 1.00 1.00 489.66 24122 653752008 0.34 SINGLE FAMILY RESIDEN IAL TR# 29444 16 1.00 1.00 489.66 24122 653752009 0.35 SINGLE FAMILY RESIDENTIAL TR# 29444 17 1.00 1.00 489.66 241.22 653752010 030 SINGLE FAMILY RESIDENTIAL TR# 29444 18 1.00 1.00 489.66 24122 653752011 021 SINGLE FAMILY RESIDENTIAL TR# 29444 19 1.00 1.00 489.66 24122 653752012 022 SINGLE FAMIILYRESIDENIIAL TR# 29444 20 1.00 1.00 489.66 241.22 653752013 022 SINGLE FAMILY RESIDENTIAL TR# 29444 21 1.00 1.00 489.66 24122 653752014 022 SINGLE FAMILYRESIDENTIAL TR# 29444 22 1.00 1.00 489.66 24122 653752015 023 SINGLE FAMILY RESIDENTIAL TR# 29444 23 1.00 1.00 489.66 24122 653752016 023 SINGLE FAMILY RESIDENTIAL TR# 29444 24 1.00 1.00 489.66 241.22 653760001 020 SINGLE FAMILY RESIDENTIAL TR# 29469 1 1.00 1.00 489.66 241.22 MBIA MuniFinancial Page 29 Resolution No. 02-21 Engineer's Report Shepherd Lane Landscaping and Lighting District Estimated Estimated Maximum Proposed EBU at EBU for Levy levy APN Acres Land Use Tract Lot Build Out FY 02-03 Balloted FY 02-03 653760002 0.19 SINGLE FAMILYRESIDENIIAL TR# 29469 2 1.00 1.00 489.66 24122 653760003 0.19 SIIVIEFAivIILYRESI[FNIIAL 1R8 29469 3 1.00 1.00 489.66 24122 653760004 0.19 SING E FAIvIELYKSILEIsTILAL 'IRS 29469 4 1.00 1.00 489.66 24122 653760005 0.19 SINGEFAMILYRESIDFIVIIAL TR# 29469 5 1.00 1.00 489.66 24122 653760006 0.19 SINGLE FAMILY RESIDENIIAL TR# 29469 6 1.00 1.00 489.66 24122 653760007 023 STM E FAMILYRFSIDIIVIIAL TR# 29469 7 1.00 1.00 489.66 24122 653760008 021 S1N3LE FAMILYRES1E€NIIAL 118 29469 8 1.00 1.00 489.66 24122 6537E0009 022 SR z1E FANn.YRESIDENIIA.L TR# 29469 9 1.00 1.00 489.66 24122 653760010 0.19 S2\CIEFAMILYRESIDEvIIAL TR# 29469 10 1. 0 1.00 489.66 24122 653760011 0.19 SI 3EFAMILYRESIE NIIAL 1R# 29469 11 1.00 1.00 489.66 24122 653760012 0.19 SINGLE FAIALYRESIDENIIAL TR# 29469 12 1.00 1.00 489.66 24122 653760013 0.19 SN=FAMILY RESILEM:1AL TR# 29469 13 1.00 1.00 489.66 24122 653760014 0.19 SIINC .EFALvIIL.YRFSIDENIIAL 1R# 29469 14 1.00 1.00 489.66 24122 653760015 0.19 S NJ.E FAMILYRESLLENI1AL 1R# 29469 15 1.00 1.00 489.66 24122 653760016 4.65 ALPPc EDRESLDENnALDEVELCI TT 1R# 30030 16.00 12.00 5,875.92 2,894.64 653760017 4.69 VI NrLIDEV 1uDP1 EERTY 16.00 1.00 489.66 24122 653760018 3.78 VACANrU' vE aJ DP8CPER7Y 16.00 1. 0 489.66 24122 452.00 171.00 83,731.86 41,248.62 MBIA MuniFinancial Page 30