HomeMy WebLinkAboutMINUTES - 01242012 - C.46RECOMMENDATION(S):
ACCEPT the FY11 Community Facilities District Administration Report on County of
Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) as required by
Sections 50075.3 and 53411 of the California Government Code.
FISCAL IMPACT:
None. The report relates to Special Taxes approved by voters and bonds issued and secured
by said Special Taxes.
BACKGROUND:
On June 5, 2001 the Contra Costa County Board of Supervisors authorized the
establishment of Community Facilities District No. 2001-1 (Norris Canyon). The creation of
the Community Facilities District (CFD) authorized the levy of a Mello-Roos Special Tax
on the Norris Canyon Estates subdivision in the San Ramon area. The action of the Board
also authorized the issuance of bonded indebtedness secured by the approved Special Tax in
the amount of $7,220,000. The (CFD)
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 01/24/2012 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Kristen Lackey
925-335-7228
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: January 24, 2012
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: Kristen Lackey, Analiza Pinlac, Public Works, Timothy Ewell
C.46
To:Board of Supervisors
From:Robert Campbell, Auditor-Controller
Date:January 24, 2012
Contra
Costa
County
Subject:County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon)
BACKGROUND: (CONT'D)
bonds were issued on June 14, 2001.
The California Government Code Sections 50075.3 and 53411 require that specified
information be provided to the Board of Supervisors on an annual basis. The report
requirements include information on Mello-Roos CFD Special Taxes collected and CFD
Bond issued. The attached CFD Administration Report fulfills the requirement of the
Government Code. The reporting requirements are summarized below:
Section 50075.3
Item (a): Identify amount of special taxes that have been collected and expended.
Response to Item (a): The fiscal year 2010-11 special tax levy was $514,111. Since the
CFD is on the County Teeter Plan, the full amount of the tax levy was remitted to the
CFD. The total levy was used to pay debt services in March and September 2011 on the
CFD bonds as well as administrative costs for the CFD.
Item (b): Identify the status of any project required or authorized to be funded by the
special taxes.
Response to Item (b): All CFD No. 2001-1 improvements have been completed and
accepted by the Public Works Department of the County.
Section 53411
Item (a): Identify the amount of bonds that have been collected and expended.
Response to Item (a): A total of $7,220,000 in special tax bonds was issued by the
County on June 14, 2001. Upon issuance of the bonds, $6,000,000 from bond proceeds
was deposited into the Improvement Fund and has been used to acquire the CFD No.
2001-1 improvements from the developer. An additional $170,000 was used to pay the
costs of issuing the bonds. Approximately $417,000 was deposited in the Reserve Fund,
and the remaining $487,000 was deposited in the Bond Fund to be used for capitalized
interest.
Item (b): Identify the status of any project required or authorized to be funded from bond
proceeds:
Response to Item (b): All CFD No. 2001-1 improvements have been completed and
accepted by the Public Works Department of the County.
Not part of the Government Code required report, but provided as a matter of information
is the following information on the incidence of delinquencies within the District. The
total amount collected by the County for the fiscal year 2010-11 CFD special tax levy
was $504,193 pursuant to the Teeter Plan. Property owners for 13 parcels were
delinquent a total of $18,930 in payments of the fiscal year 2010-11 CFD special tax
levy. The delinquency percentage in the District is 3.68%, which is below the threshold
for which the County is obligated to take affirmative action to remedy. This delinquency
percentage is lower than last year, however staff and the Special Tax Consultant retained
by the County continue to monitor payment activity.
CONSEQUENCE OF NEGATIVE ACTION:
The Redevelopment Agency will be in violation of California Government Code Sections
50075.3 and 53411.
CHILDREN'S IMPACT STATEMENT:
Not applicable.
ATTACHMENTS
Norris Canyon Annual Report
COUNTY OF CONTRA COSTA
COMMUNITY FACILITIES DISTRICT NO. 2001-1
(NORRIS CANYON)
CFD TAX ADMINISTRATION REPORT
FISCAL YEAR 2011-12
November 29, 2011
Community Facilities District No. 2001-1
CFD Tax Administration Report
TABLE OF CONTENTS
Section Page
Executive Summary............................................................................................................. i
I. Introduction..........................................................................................................................1
II. Purpose of Report ................................................................................................................3
III. Special Tax Requirement.....................................................................................................5
IV. Special Tax Levy.................................................................................................................7
V. Development Update .........................................................................................................11
VI. Status of Public Improvements..........................................................................................13
VII. CFD Funds.........................................................................................................................15
VIII. Prepayments.......................................................................................................................17
IX. Delinquencies.....................................................................................................................19
X. Foreclosure Covenant........................................................................................................21
XI. Senate Bill 165 Reporting Requirements...........................................................................23
Appendix A – Summary of Fiscal Year 2011-12 Special Tax Levy
Appendix B – Special Tax Levy for Fiscal Year 2011-12
Appendix C – Rate and Method of Apportionment of Special Tax
Appendix D – Boundary Map of Community Facilities District No. 2001-1
Appendix E – Assessor’s Parcel Maps for Fiscal Year 2011-12
County of Contra Costa i Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
EXECUTIVE SUMMARY
The following summary provides a brief overview of the main points from this report regarding
the County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) (“CFD
No. 2001-1” or the “CFD”):
Fiscal Year 2011-12 Special Tax Levy
Number of Taxed Parcels Total Special Tax Levy
262 $504,193
For further detail regarding the special tax levy, or special tax rates, please refer to Section IV of
this report.
Development Status for Fiscal Year 2011-12
Land Use Category Parcels or Acres
Residential Property 262 parcels *
Other Property 0 parcels
Undeveloped Property 62.4 acres
* Does not include six parcels that have prepaid their special tax obligation.
For more information regarding the status of development in CFD No. 2001-1, please see
Section V of this report.
Delinquency Summary
Delinquent Amount for
FY 2010-11
(as of April 21, 2011)
Total Levy for
FY 2010-11
Delinquency
Rate
$18,930 $514,111 3.68%
For additional delinquency information, including historical delinquency rates, please see
Section IX of this report.
County of Contra Costa ii Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
Outstanding Bonds Summary
2001 Special Tax Bonds
Issuance Date
Original
Principal
Amount
Retired
Current Amount
Outstanding
June 2001 $7,220,000 $1,295,000* $5,925,000*
* As of the date of this report.
County of Contra Costa 1 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
I. INTRODUCTION
Community Facilities District No. 2001-1
On June 5, 2001, the County of Contra Costa (the “County”) Board of Supervisors established
CFD No. 2001-1. In a landowner election held on the same day, the sole owner of property
within the CFD voted to authorize the levy of a Mello-Roos special tax on property within CFD
No. 2001-1. The landowner also voted to incur bonded indebtedness, secured by special taxes
levied on property within the CFD, in an amount not to exceed $7,220,000. On June 14, 2001,
special tax bonds (the “Bonds”) in the principal amount of $7,220,000 were issued on behalf of
CFD No. 2001-1. A special tax will be levied on property within the CFD in fiscal year 2011-12
in order to pay debt service obligations in calendar year 2012.
The CFD boundary encompasses a 389-acre site that is proposed for the Norris Canyon Estates
residential community. The CFD is located in an unincorporated area of the County just west of
the City of San Ramon. At build out, the project was originally expected to include 361 single
family detached homes. As of June 1, 2011, 268 building permits have been issued, eight of
which were issued during the past fiscal year for new residential home construction.
The Mello-Roos Community Facilities Act of 1982
The reduction in property tax revenues that resulted from the passage of Proposition 13 in 1978
required public agencies and real estate developers to look for other means to generate funding
for public infrastructure. The funding available from traditional assessment districts was limited
by certain requirements of the assessment acts, and it became clear that a more flexible funding
tool was needed. In response, the California State Legislature (the “Legislature”) approved the
Mello-Roos Community Facilities Act of 1982 (the “Act”) which provides for the levy of a
special tax within a defined geographic area (i.e., a community facilities district) if such levy is
approved by two-thirds of the qualified electors in the area. The Act can generate funding for a
broad range of facilities and special taxes can be allocated to property in any reasonable manner
other than on an ad valorem basis.
A community facilities district is authorized to issue tax-exempt bonds that are secured by land
within the district. If a parcel does not pay the special tax levied on it, a public agency can
foreclose on the parcel and use the proceeds of the foreclosure to ensure that bondholders receive
interest and principal payments on the bonds. Because bonds issued by a community facilities
district are land-secured, there is no risk to a public agency’s general fund or taxing capacity. In
addition, because the bonds are tax-exempt, they typically carry an interest rate that is lower than
conventional construction financing.
County of Contra Costa 2 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 3 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
II. PURPOSE OF REPORT
This CFD Tax Administration Report (the “Report”) presents findings from research and
financial analysis performed by Goodwin Consulting Group, Inc. to determine the fiscal year
2011-12 special tax levy for CFD No. 2001-1. The Report is intended to provide information to
interested parties regarding the current financial obligations of the CFD, special taxes levied in
fiscal year 2011-12, and information on the public facilities authorized to be funded by the CFD.
The Report also summarizes development activity as well as other pertinent information (e.g.,
prepayments, delinquencies, and foreclosures) on property within the CFD. In addition, the
Report provides all of the information that must be filed with the County Board of Supervisors
pursuant to the requirements of Senate Bill 165.
The remainder of the Report is organized as follows:
Section III identifies the financial obligations of CFD No. 2001-1 for fiscal year 2011-
12.
Section IV provides a summary of the special tax categories and the methodology that is
used to apportion the special tax among parcels in the CFD. The maximum special tax
rates for fiscal year 2011-12 are also identified in this section.
Section V provides an update of the development activity occurring within CFD No.
2001-1, including new building permit activity.
Section VI provides information on the public improvements authorized to be funded by
CFD No. 2001-1.
Section VII provides information regarding funds established for the Bonds, including
current balances in such funds.
Section VIII identifies parcels, if any, that have prepaid their special tax obligation.
Section IX provides information regarding special tax delinquencies in CFD No. 2001-1.
Section X provides information on covenants regarding foreclosure on delinquent
parcels.
Section XI provides a summary of the reporting requirements set forth in Senate Bill
165, the Local Agency Special Tax and Bond Accountability Act, and the information
needed for the County to respond to these requirements.
County of Contra Costa 4 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 5 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
III. SPECIAL TAX REQUIREMENT
Pursuant to the Rate and Method of Apportionment of Special Tax (the “RMA”) for CFD No.
2001-1, which was adopted as an exhibit to the Resolution of Formation of CFD No. 2001-1, the
Special Tax Requirement means the total amount needed each fiscal year to (i) pay principal and
interest on bonds, (ii) create or replenish reserve funds, (iii) cure any delinquencies in the
payment of principal or interest on indebtedness of CFD No. 2001-1 which have occurred in the
prior fiscal year or (based on delinquencies in the payment of special taxes which have already
taken place) are expected to occur in the fiscal year in which the tax will be collected, and (iv)
pay administrative expenses. For fiscal year 2011-12, the Special Tax Requirement is $504,193
and is calculated as follows:
Community Facilities District No. 2001-1
Special Tax Requirement for Fiscal Year 2011-12
Debt Service $521,810
Interest Payment on Bonds Due March 1, 2012 $175,905
Interest Payment on Bonds Due Sept. 1, 2012 $175,905
Principal Payment on Bonds Due Sept. 1, 2012 $170,000
Administrative Expenses $18,088
Surplus Funds to Reduce Special Tax Requirement ($35,705)
Fiscal Year 2011-12 Special Tax Requirement $504,193
County of Contra Costa 6 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 7 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
IV. SPECIAL TAX LEVY
Special Tax Categories
Special taxes within CFD No. 2001-1 are levied pursuant to the methodology set forth in the
RMA. The RMA establishes various special tax categories against which the special tax can be
levied each fiscal year, including Residential Property, Other Property, and Undeveloped
Property. (Capitalized terms are defined in the RMA in Appendix C of this Report.)
Residential Property is defined as any parcel within the CFD for which a building permit for
construction of a residential structure was issued prior to June 1 of the preceding fiscal year.
Other Property means all taxable parcels in the CFD for which a building permit was issued prior
to June 1 of the preceding fiscal year for a structure that is not used for residential purposes and
is not owned by a homeowners’ association or public agency. Undeveloped Property is defined
as all taxable parcels in the CFD for which a building permit has not been issued prior to June 1
of the preceding fiscal year.
Maximum Special Tax Rates
The maximum special tax rates applicable to each category of property in CFD No. 2001-1 are
set forth in Section C of the RMA. The actual amount of the maximum special tax which will be
levied on each land use category in fiscal year 2011-12, is determined by the method of
apportionment included in Section E of the RMA. The following table identifies the maximum
special taxes that can be levied on property in CFD No. 2001-1.
Community Facilities District No. 2001-1
Maximum Special Tax Rates
Tax
Category Description
Maximum
Special Tax
1 Residential Property $2,100 per parcel
2 Other Property
$2,100 per residential
unit planned on the
parcel before it became
Other Property
3 Undeveloped Property $3,360 per acre
County of Contra Costa 8 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
Changes to Norris Canyon Tentative Map
The maximum special tax rates shown above assume that a particular number of residential units
will be developed within Norris Canyon consistent with the tentative map approved by the
County Board of Supervisors in August 1997. To the extent changes are proposed to the
tentative map in future years that would reduce the number of residential units within the project,
the County must either deny the revision to the tentative map or require a prepayment of special
taxes by the developer proposing the tentative map change. Such prepayment would be in an
amount sufficient to retire a portion of the bonds and maintain 110% debt service coverage with
the reduced special tax revenues that will result after the tentative map revision. To date,
development in Norris Canyon has been consistent with the approved tentative map.
Apportionment of Special Taxes
The amount of special tax levied on each parcel in the CFD each fiscal year will be determined
by application of Section E of the RMA. Pursuant to this section, the Special Tax Requirement
will be allocated as follows:
The first step requires special taxes to be levied on each parcel of Residential Property and Other
Property up to 100% of the applicable maximum special tax rate. If additional revenue is needed
after the first step is completed, and after applying capitalized interest to the Special Tax
Requirement, then a special tax will be levied on each parcel of Undeveloped Property up to
100% of the applicable maximum special tax. If additional revenues are still needed to pay
annual obligations of the CFD after the maximum special tax is levied on Residential Property,
Other Property, and Undeveloped Property, a special tax will be levied on Homeowners’
Association Property and parcels of Public Property that originally had planned units, as defined
in the RMA.
Application of the maximum special tax rate to the 262 Residential Property parcels for fiscal
year 2011-12 will generate special tax revenue of $550,200. However, since the Special Tax
Requirement for fiscal year 2011-12 is only $504,193, Residential Property will not be taxed at
the maximum tax rate. Only the amount needed to satisfy the Special Tax Requirement of
$504,193 will be levied, which is approximately 91.6% of the maximum, or $1,924 per parcel.
Since the tax on Residential Property fully funds the Special Tax Requirement for fiscal year
2011-12, no special tax shall be levied on Undeveloped Property.
The actual special tax rates and the number of units and/or acres of taxable property on which
those rates are levied for fiscal year 2011-12 are shown in the table on the following page.
County of Contra Costa 9 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
Community Facilities District No. 2001-1
Fiscal Year 2011-12 Special Tax Levy
Land Use
Category
Maximum
Special
Tax Rates
Fiscal Year
2011-12
Actual Special
Tax Rates
Parcels/Acres
Taxed
Total
Special
Tax Levy
Residential
Property $2,100 per parcel $1,924 per parcel 262 parcels * $504,193
Undeveloped
Property $3,360 per acre $0 per acre 0 acres $0
Total Special Tax Levy for Fiscal Year 2011-12 $504,193
* Total does not include six parcels that have had their special tax obligation prepaid and therefore are no longer
subject to the annual tax.
County of Contra Costa 10 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 11 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
V. DEVELOPMENT UPDATE
From June 1, 2010, to May 31, 2011, eight building permits have been issued to construct single
family homes within CFD No. 2001-1. In total, 268 building permits have been issued and no
Other Property currently exists within CFD No. 2001-1.
Based on the current status of development in CFD No. 2001-1, the following table summarizes
the allocation of parcels to the special tax categories defined in the RMA:
Community Facilities District No. 2001-1
Allocation to Special Tax Categories
Fiscal Year 2011-12
Tax
Category Description Number of Parcels
1 Residential Property 262*
2 Other Property 0
3 Undeveloped Property 93
* Total does not include six parcels that have had their special tax obligation
prepaid and therefore are no longer subject to the annual tax.
County of Contra Costa 12 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 13 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
VI. STATUS OF PUBLIC IMPROVEMENTS
CFD No. 2001-1 was formed to finance the widening of Norris Canyon Road, starting at the
intersection of Bollinger Canyon Road and continuing a distance of 7,700 feet. Improvements to
Norris Canyon Road include: (1) grading, pavement, curbs and gutters, rock shoulder, traffic
signing and striping, and street lights; (2) construction of sanitary sewer mains, structures,
fittings, and appurtenances; (3) construction of water distribution facilities and appurtenances;
(4) construction of joint utility distribution facilities for electrical, telephone, gas, cable and
television, including trenching, conduit and cable installation, pull and splice boxes, fittings and
appurtenances, and relocation of overhead facilities; (5) construction of landscaping and
irrigation facilities, including soil preparation, landscape materials, irrigation pipes, fittings, and
appurtenances; (6) required attendant public fees and design and construction engineering fees;
and (7) acquisition of all necessary interests in real property.
The developer entered into an Acquisition Agreement with the County that contains provisions
that set forth the process by which completed improvements will be acquired with bond proceeds
that are on deposit in the Improvement Fund for the CFD. The Acquisition Agreement obligates
the developer to pay any costs of the improvements that are not covered by funds available in the
Improvement Fund.
All Norris Canyon Road improvements have been completed and accepted by the Public Works
division of the County. Per the Acquisition Agreement with the County, the balance in the CFD
Improvement Fund was used to acquire the completed improvements from the developer.
County of Contra Costa 14 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 15 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
VII. CFD FUNDS
Six funds were established pursuant to the Fiscal Agent Agreement between the County and the
Bank of New York Mellon Trust Company (the “Fiscal Agent”). Following is a brief description
of the purpose of each fund.
The Improvement Fund was created exclusively to pay the cost of improvements until
all authorized facilities have been paid. The Improvement Fund, due to completion of all
improvements, has been closed.
The Reserve Fund was established as a reserve for the payment of principal and interest
on the bonds in the event the balance in the Special Tax Fund is insufficient to make debt
service payments. The Fiscal Agent will maintain the Reserve Fund. The Reserve
Requirement is $525,150 as of June 30, 2011.
The Bond Fund was created exclusively to pay principal and interest on CFD
indebtedness. The Bond Fund will be held by the Fiscal Agent; twice each year, the
fiscal agent will use proceeds in this account to pay interest and/or principal on the
bonds. If, on any interest payment date, amounts in the Bond Fund are insufficient to
pay debt service that is due on such date, the Fiscal Agent must withdraw from the
Reserve Fund to cover the shortfall.
The Special Tax Fund was established as a fund to be held by the County Auditor-
Controller (the “Auditor”) into which special tax revenues collected by the County will
be deposited. Not later than three business days prior to each interest payment date on
the bonds, the Auditor will transfer money from the Special Tax Fund to the Fiscal
Agent to pay interest and principal due on the bonds, as well as any amount needed to
bring the Reserve Fund up to the required reserve amount. Any remaining balance in the
Special Tax Fund will be transferred to the Administrative Expense Fund.
The Administrative Expense Fund will be held by the Auditor and used to pay CFD
administrative expenses. Each year, the Auditor will transfer any excess amount in the
Administrative Expense Fund to the Special Tax Fund.
The Costs of Issuance Fund will be held by the Fiscal Agent and will be disbursed to
pay costs associated with formation of CFD No. 2001-1 and issuance of the Bonds. This
fund has been closed.
Money held in any of the aforementioned funds can be invested by the Fiscal Agent at the
direction of the County and in conformance with limitations set forth in the Fiscal Agent
Agreement. Investment interest earnings, if any, will generally be applied to the fund for which
the investment is made.
County of Contra Costa 16 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
Fund Balances
As of June 30, 2011, the various funds had the following balances:
Community Facilities District No. 2001-1
Fund Balances as of June 30, 2011
Reserve Fund $530,691
Bond Fund $0
Special Tax Fund $389,167
Administrative Expense Fund $9,902
County of Contra Costa 17 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
VIII. PREPAYMENTS
The special tax lien for six properties in CFD No. 2001-1 have been fully prepaid and are no
longer subject to the annual special tax levy. The six parcels that have fully prepaid their special
tax obligation are as follows:
211-260-011-5
211-370-025-2
211-370-033-6
211-370-037-7
211-370-038-5
211-370-055-9
County of Contra Costa 18 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 19 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
IX. DELINQUENCIES
As of April 21, 2011, the Contra Costa County Auditor’s Office reports the following
delinquency amounts for CFD No. 2001-1:
Community Facilities District No. 2001-1
Delinquencies as of April 21, 2011
Fiscal Year
Parcels
Delinquent
Delinquent
Amount
CFD Tax
Levied
Percent
Delinquent
2007-08 0 $0 $537,639 0.00%
2008-09 2 $3,150 $570,730 0.55%
2009-10 0 $0 $447,601 0.00%
2010-11 13 $18,930 $514,111 3.68%
County of Contra Costa 20 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 21 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
X. FORECLOSURE COVENANT
Covenants of the County
The County may order the institution of a court action to foreclose the lien on a parcel within
specified time limits if any payment of the special tax is delinquent. In such an action, the real
property subject to the unpaid amount may be sold at a judicial foreclosure sale. Pursuant to the
Bonds’ covenants, the County shall review its records in connection with the collection of the
special tax on or about March 30 and June 30 of each year to compare the amount of special tax
levied in the CFD to the amount of special tax collected, and proceed as follows:
Individual Delinquencies. If the Auditor determines that any single parcel subject to the
special tax in the CFD is delinquent in the payment of special taxes in the aggregate
amount of (i) $7,500 or more if all the property within the CFD is on the Teeter Plan, or
(ii) $3,000 or more if any of the property in the CFD is not on the Teeter Plan, then the
Auditor shall send or cause to be sent a notice of delinquency (and a demand for
immediate payment thereof) to the property owner within 60 days of such determination,
and (if the delinquency remains uncured) foreclosure proceedings shall be commenced by
the County within 120 days of such determination.
Aggregate Delinquencies. If the Auditor determines that the total amount of delinquent
special tax for the prior fiscal year for the entire CFD, (including the total of
delinquencies under the preceding paragraph), exceeds 5% of the total special tax due and
payable for the prior fiscal year, the County shall notify or cause to be notified property
owners who are then delinquent in the payment of special taxes (and demand immediate
payment of the delinquency) within 60 days of such determination, and shall commence
foreclosure proceedings within 120 days of such determination against each parcel of
land in the CFD with a special tax delinquency.
Since the CFD’s special tax delinquency rate for fiscal year 2010-11 is below 5%, the County
has not been required to initiate foreclosure proceedings on property in CFD No. 2001-1.
County of Contra Costa 22 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
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County of Contra Costa 23 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
XI. SENATE BILL 165 REPORTING REQUIREMENTS
On September 18, 2000, former Governor Gray Davis approved Senate Bill 165 which enacted
the Local Agency Special Tax and Bond Accountability Act. In approving the bill, the
Legislature pointed out that local agencies need to demonstrate to the voters that special taxes
and bond proceeds are being spent on the facilities and services for which they were intended.
To further this objective, the Legislature added Sections 50075.3 and 53411 to the California
Government Code setting forth annual reporting requirements relative to special taxes collected
and bonds issued by a local public agency. A response to each of the reporting requirements in
SB 165 is provided below. Pursuant to the Sections 50075.3 and 53411, the chief fiscal officer
of the County will, by January 1, 2002, and at least once a year thereafter, file a report with the
Board of Supervisors (which may be this CFD Tax Administration Report) setting forth the
following information.
Section 50075.3
Item (a): Identify amount of special taxes that have been collected and expended.
The fiscal year 2010-11 special tax levy was $514,111. Since the CFD is on the County
Teeter Plan, the full amount of the tax levy was remitted to the CFD. The total levy was
used to pay debt service in March and September 2011 on the CFD bonds as well as
administrative costs for the CFD.
Item (b): Identify the status of any project required or authorized to be funded by the
special taxes.
All CFD No. 2001-1 improvements have been completed and accepted by the Public
Works division of the County.
Section 53411
Item (a): Identify the amount of bonds that have been collected and expended.
A total of $7,220,000 in special tax bonds was issued by the County on June 14, 2001.
Upon issuance of the bonds, $6,000,000 from bond proceeds was deposited into the
Improvement Fund and has been used to acquire the CFD No. 2001-1 improvements
from the developer. An additional $170,000 was used to pay the costs of issuing the
bonds. Approximately $417,000 was deposited in the Reserve Fund, and the remaining
$487,000 was deposited in the Bond Fund to be used for capitalized interest.
County of Contra Costa 24 Fiscal Year 2011-12
CFD No. 2001-1 CFD Tax Administration Report
Item (b): Identify the status of any project required or authorized to be funded from bond
proceeds.
All CFD No. 2001-1 improvements have been completed and accepted by the Public
Works division of the County.
APPENDIX A
Summary of Fiscal Year 2011-12
Special Tax Levy
Total
Special
Land Use Category Tax Levy
Residential Property $2,100.00 per parcel $1,924.40 per parcel 262 parcels $504,192.80
Undeveloped Property $3,360.00 per acre $0.00 per acre 62.4 acres $0.00
Total Fiscal Year 2011-12 Special Tax Levy $504,192.80
Goodwin Consulting Group, Inc.
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy Summary for Fiscal Year 2011-12
Fiscal Year
2011-12
Maximum Special
Tax Rates
Parcels/Acres
Taxed
Fiscal Year
2011-12
Actual Special
Tax Rates
APPENDIX B
Special Tax Levy for
Fiscal Year 2011-12
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
211-210-045-4 HOA HOA $0.00
211-210-046-2 HOA HOA $0.00
211-210-047-0 HOA HOA $0.00
211-210-048-8 HOA HOA $0.00
211-210-061-1 HOA HOA $0.00
211-210-062-9 HOA HOA $0.00
211-210-063-7 HOA HOA $0.00
211-210-074-4 HOA HOA $0.00
211-210-079-3 HOA HOA $0.00
211-240-001-1 Residential Developed $1,924.40
211-240-003-7 Residential Developed $1,924.40
211-240-004-5 Residential Developed $1,924.40
211-240-005-2 Residential Developed $1,924.40
211-240-006-0 Residential Developed $1,924.40
211-240-007-8 Residential Developed $1,924.40
211-240-008-6 Residential Developed $1,924.40
211-240-009-4 Undeveloped Undeveloped $0.00
211-240-010-2 Undeveloped Undeveloped $0.00
211-240-011-0 Residential Developed $1,924.40
211-240-012-8 Undeveloped Undeveloped $0.00
211-240-013-6 Residential Developed $1,924.40
211-240-014-4 Residential Developed $1,924.40
211-240-015-1 Residential Developed $1,924.40
211-240-016-9 Residential Developed $1,924.40
211-240-017-7 HOA HOA $0.00
211-240-019-3 HOA HOA $0.00
211-240-020-1 HOA HOA $0.00
211-240-021-9 HOA HOA $0.00
211-250-001-8 Residential Developed $1,924.40
211-250-002-6 Undeveloped Undeveloped $0.00
211-250-003-4 Residential Developed $1,924.40
211-250-004-2 Residential Developed $1,924.40
211-250-005-9 Residential Developed $1,924.40
211-250-006-7 Residential Developed $1,924.40
211-250-007-5 Residential Developed $1,924.40
211-250-008-3 Residential Developed $1,924.40
211-250-009-1 Residential Developed $1,924.40
211-250-010-9 Residential Developed $1,924.40
211-250-011-7 Residential Developed $1,924.40
211-250-012-5 Residential Developed $1,924.40
211-250-013-3 Residential Developed $1,924.40
211-250-014-1 Residential Developed $1,924.40
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
1 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-250-015-8 Residential Developed $1,924.40
211-250-016-6 Residential Developed $1,924.40
211-250-017-4 Residential Developed $1,924.40
211-250-018-2 Residential Developed $1,924.40
211-250-019-0 Residential Developed $1,924.40
211-250-020-8 HOA HOA $0.00
211-250-021-6 HOA HOA $0.00
211-250-022-4 HOA HOA $0.00
211-250-023-2 HOA HOA $0.00
211-250-024-0 HOA HOA $0.00
211-250-025-7 HOA HOA $0.00
211-260-001-6 Residential Developed $1,924.40
211-260-002-4 Residential Developed $1,924.40
211-260-003-2 Residential Developed $1,924.40
211-260-004-0 Residential Developed $1,924.40
211-260-005-7 Residential Developed $1,924.40
211-260-006-5 Residential Developed $1,924.40
211-260-007-3 Residential Developed $1,924.40
211-260-008-1 Residential Developed $1,924.40
211-260-009-9 Residential Developed $1,924.40
211-260-010-7 Residential Developed $1,924.40
211-260-011-5 Prepaid Prepaid $0.00 /1
211-260-012-3 Residential Developed $1,924.40
211-260-013-1 Residential Developed $1,924.40
211-260-014-9 Residential Developed $1,924.40
211-260-015-6 Residential Developed $1,924.40
211-260-016-4 Residential Developed $1,924.40
211-260-017-2 Residential Developed $1,924.40
211-260-018-0 Residential Developed $1,924.40
211-260-019-8 HOA HOA $0.00
211-260-020-6 HOA HOA $0.00
211-260-021-4 HOA HOA $0.00
211-260-022-2 HOA HOA $0.00
211-260-023-0 HOA HOA $0.00
211-260-024-8 HOA HOA $0.00
211-270-001-4 Residential Developed $1,924.40
211-270-002-2 Residential Developed $1,924.40
211-270-003-0 Residential Developed $1,924.40
211-270-004-8 Residential Developed $1,924.40
211-270-005-5 Residential Developed $1,924.40
211-270-006-3 Residential Developed $1,924.40
211-270-007-1 Residential Developed $1,924.40
2 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-270-008-9 Residential Developed $1,924.40
211-270-009-7 Residential Developed $1,924.40
211-270-010-5 Residential Developed $1,924.40
211-270-011-3 Residential Developed $1,924.40
211-270-012-1 HOA HOA $0.00
211-270-013-9 HOA HOA $0.00
211-270-014-7 HOA HOA $0.00
211-270-015-4 HOA HOA $0.00
211-280-001-2 Residential Developed $1,924.40
211-280-002-0 Residential Developed $1,924.40
211-280-003-8 Residential Developed $1,924.40
211-280-004-6 Residential Developed $1,924.40
211-280-005-3 Residential Developed $1,924.40
211-280-006-1 Residential Developed $1,924.40
211-280-007-9 Residential Developed $1,924.40
211-280-008-7 Residential Developed $1,924.40
211-280-009-5 Residential Developed $1,924.40
211-280-010-3 Residential Developed $1,924.40
211-280-011-1 Residential Developed $1,924.40
211-280-012-9 Residential Developed $1,924.40
211-280-013-7 Residential Developed $1,924.40
211-280-014-5 Residential Developed $1,924.40
211-280-015-2 Residential Developed $1,924.40
211-280-016-0 Residential Developed $1,924.40
211-280-017-8 Residential Developed $1,924.40
211-280-018-6 Residential Developed $1,924.40
211-280-019-4 Residential Developed $1,924.40
211-280-020-2 Residential Developed $1,924.40
211-280-021-0 Residential Developed $1,924.40
211-280-022-8 Residential Developed $1,924.40
211-280-023-6 Residential Developed $1,924.40
211-280-024-4 Residential Developed $1,924.40
211-280-025-1 Residential Developed $1,924.40
211-280-026-9 Residential Developed $1,924.40
211-280-027-7 Residential Developed $1,924.40
211-280-028-5 Residential Developed $1,924.40
211-280-029-3 Residential Developed $1,924.40
211-280-030-1 Residential Developed $1,924.40
211-280-031-9 Residential Developed $1,924.40
211-280-032-7 Residential Developed $1,924.40
211-280-033-5 Residential Developed $1,924.40
211-280-034-3 Residential Developed $1,924.40
3 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-280-035-0 Residential Developed $1,924.40
211-280-036-8 Residential Developed $1,924.40
211-280-037-6 Residential Developed $1,924.40
211-280-038-4 Residential Developed $1,924.40
211-280-039-2 Residential Developed $1,924.40
211-280-040-0 HOA HOA $0.00
211-290-001-0 Residential Developed $1,924.40
211-290-002-8 Residential Developed $1,924.40
211-290-003-6 Residential Developed $1,924.40
211-290-004-4 Residential Developed $1,924.40
211-290-005-1 Residential Developed $1,924.40
211-290-006-9 Residential Developed $1,924.40
211-290-007-7 Residential Developed $1,924.40
211-290-008-5 Residential Developed $1,924.40
211-290-009-3 Residential Developed $1,924.40
211-290-010-1 Residential Developed $1,924.40
211-290-011-9 Residential Developed $1,924.40
211-290-012-7 Residential Developed $1,924.40
211-290-013-5 Residential Developed $1,924.40
211-290-014-3 Residential Developed $1,924.40
211-290-015-0 Residential Developed $1,924.40
211-290-016-8 Residential Developed $1,924.40
211-290-017-6 Residential Developed $1,924.40
211-290-018-4 Residential Developed $1,924.40
211-290-019-2 Residential Developed $1,924.40
211-290-020-0 Residential Developed $1,924.40
211-290-021-8 HOA HOA $0.00
211-300-001-8 Residential Developed $1,924.40
211-300-002-6 Residential Developed $1,924.40
211-300-003-4 Residential Developed $1,924.40
211-300-004-2 Undeveloped Undeveloped $0.00
211-300-005-9 Undeveloped Undeveloped $0.00
211-300-006-7 Residential Developed $1,924.40
211-300-007-5 Undeveloped Undeveloped $0.00
211-300-008-3 Undeveloped Undeveloped $0.00
211-300-009-1 Residential Developed $1,924.40
211-300-010-9 Residential Developed $1,924.40
211-300-011-7 Residential Developed $1,924.40
211-300-012-5 Residential Developed $1,924.40
211-300-013-3 Residential Developed $1,924.40
211-300-014-1 Residential Developed $1,924.40
211-300-015-8 Residential Developed $1,924.40
4 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-300-016-6 Residential Developed $1,924.40
211-300-017-4 Residential Developed $1,924.40
211-300-018-2 Residential Developed $1,924.40
211-300-019-0 Residential Developed $1,924.40
211-300-020-8 Residential Developed $1,924.40
211-300-021-6 Residential Developed $1,924.40
211-300-022-4 Residential Developed $1,924.40
211-300-023-2 Residential Developed $1,924.40
211-300-024-0 Residential Developed $1,924.40
211-300-025-7 Residential Developed $1,924.40
211-300-026-5 Residential Developed $1,924.40
211-300-027-3 Residential Developed $1,924.40
211-300-028-1 Undeveloped Public $0.00
211-300-029-9 HOA HOA $0.00
211-300-030-7 HOA HOA $0.00
211-310-001-6 Undeveloped Undeveloped $0.00
211-310-002-4 Undeveloped Undeveloped $0.00
211-310-003-2 Undeveloped Undeveloped $0.00
211-310-004-0 Undeveloped Undeveloped $0.00
211-310-005-7 Undeveloped Undeveloped $0.00
211-310-006-5 Undeveloped Undeveloped $0.00
211-310-007-3 Undeveloped Undeveloped $0.00
211-310-008-1 Residential Developed $1,924.40
211-310-009-9 Residential Developed $1,924.40
211-310-010-7 Undeveloped Undeveloped $0.00
211-310-011-5 Undeveloped Undeveloped $0.00
211-310-012-3 Undeveloped Undeveloped $0.00
211-310-013-1 Undeveloped Undeveloped $0.00
211-310-014-9 Undeveloped Undeveloped $0.00
211-310-015-6 Undeveloped Undeveloped $0.00
211-310-016-4 Undeveloped Undeveloped $0.00
211-310-017-2 Undeveloped Undeveloped $0.00
211-310-018-0 Undeveloped Undeveloped $0.00
211-310-019-8 Undeveloped Undeveloped $0.00
211-310-020-6 Undeveloped Undeveloped $0.00
211-310-021-4 Undeveloped Undeveloped $0.00
211-310-022-2 HOA HOA $0.00
211-310-023-0 HOA HOA $0.00
211-310-024-8 HOA HOA $0.00
211-320-001-4 Undeveloped Undeveloped $0.00
211-320-002-2 Residential Developed $1,924.40
211-320-003-0 Residential Developed $1,924.40
5 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-320-004-8 Undeveloped Undeveloped $0.00
211-320-005-5 Undeveloped Undeveloped $0.00
211-320-006-3 Undeveloped Undeveloped $0.00
211-320-007-1 Undeveloped Undeveloped $0.00
211-320-008-9 Undeveloped Undeveloped $0.00
211-320-009-7 Undeveloped Undeveloped $0.00
211-320-010-5 Undeveloped Undeveloped $0.00
211-320-011-3 Undeveloped Undeveloped $0.00
211-320-012-1 Residential Developed $1,924.40
211-320-013-9 Residential Developed $1,924.40
211-320-014-7 Residential Developed $1,924.40
211-320-015-4 Residential Developed $1,924.40
211-320-016-2 Residential Developed $1,924.40
211-320-017-0 Residential Developed $1,924.40
211-320-018-8 Undeveloped Undeveloped $0.00
211-320-019-6 HOA HOA $0.00
211-330-001-2 Undeveloped Undeveloped $0.00
211-330-002-0 Undeveloped Undeveloped $0.00
211-330-003-8 Undeveloped Undeveloped $0.00
211-330-004-6 Undeveloped Undeveloped $0.00
211-330-005-3 Undeveloped Undeveloped $0.00
211-330-006-1 Undeveloped Undeveloped $0.00
211-330-007-9 Undeveloped Undeveloped $0.00
211-330-008-7 Undeveloped Undeveloped $0.00
211-330-009-5 Undeveloped Undeveloped $0.00
211-330-010-3 HOA HOA $0.00
211-330-011-1 HOA HOA $0.00
211-340-001-0 Undeveloped Undeveloped $0.00
211-340-002-8 Undeveloped Undeveloped $0.00
211-340-003-6 Undeveloped Undeveloped $0.00
211-340-004-4 Undeveloped Undeveloped $0.00
211-340-005-1 Undeveloped Undeveloped $0.00
211-340-006-9 Undeveloped Undeveloped $0.00
211-340-007-7 Undeveloped Undeveloped $0.00
211-340-008-5 HOA HOA $0.00
211-340-009-3 HOA HOA $0.00
211-340-010-1 HOA HOA $0.00
211-340-011-9 Undeveloped Public $0.00
211-340-012-7 Undeveloped Public $0.00
211-350-001-7 Undeveloped Undeveloped $0.00
211-350-002-5 Undeveloped Undeveloped $0.00
211-350-003-3 Undeveloped Undeveloped $0.00
6 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-350-004-1 Residential Developed $1,924.40
211-350-005-8 Residential Developed $1,924.40
211-350-006-6 Residential Developed $1,924.40
211-350-007-4 Undeveloped Undeveloped $0.00
211-350-008-2 Undeveloped Undeveloped $0.00
211-350-009-0 Undeveloped Undeveloped $0.00
211-350-010-8 Undeveloped Undeveloped $0.00
211-350-011-6 Undeveloped Undeveloped $0.00
211-350-012-4 Undeveloped Undeveloped $0.00
211-350-013-2 Undeveloped Undeveloped $0.00
211-350-014-0 Undeveloped Undeveloped $0.00
211-350-015-7 Undeveloped Undeveloped $0.00
211-350-016-5 Undeveloped Undeveloped $0.00
211-350-017-3 Undeveloped Undeveloped $0.00
211-350-018-1 HOA HOA $0.00
211-350-019-9 HOA HOA $0.00
211-350-020-7 HOA HOA $0.00
211-350-021-5 HOA HOA $0.00
211-350-022-3 HOA HOA $0.00
211-360-001-5 Residential Developed $1,924.40
211-360-002-3 Residential Developed $1,924.40
211-360-003-1 Residential Developed $1,924.40
211-360-004-9 Residential Developed $1,924.40
211-360-005-6 Residential Developed $1,924.40
211-360-006-4 Residential Developed $1,924.40
211-360-007-2 Residential Developed $1,924.40
211-360-008-0 Residential Developed $1,924.40
211-360-009-8 Residential Developed $1,924.40
211-360-010-6 Residential Developed $1,924.40
211-360-011-4 Residential Developed $1,924.40
211-360-012-2 Residential Developed $1,924.40
211-360-013-0 Residential Developed $1,924.40
211-360-014-8 Residential Developed $1,924.40
211-360-015-5 Residential Developed $1,924.40
211-360-016-3 Residential Developed $1,924.40
211-360-017-1 Residential Developed $1,924.40
211-360-018-9 Residential Developed $1,924.40
211-360-019-7 Residential Developed $1,924.40
211-360-020-5 Residential Developed $1,924.40
211-360-021-3 Residential Developed $1,924.40
211-360-022-1 Residential Developed $1,924.40
211-360-023-9 Residential Developed $1,924.40
7 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-360-024-7 Residential Developed $1,924.40
211-360-025-4 Residential Developed $1,924.40
211-360-026-2 Residential Developed $1,924.40
211-360-027-0 Residential Developed $1,924.40
211-360-028-8 Residential Developed $1,924.40
211-360-029-6 Residential Developed $1,924.40
211-360-030-4 Residential Developed $1,924.40
211-360-031-2 Residential Developed $1,924.40
211-360-032-0 Residential Developed $1,924.40
211-360-033-8 Residential Developed $1,924.40
211-360-034-6 Residential Developed $1,924.40
211-360-035-3 Residential Developed $1,924.40
211-360-036-1 Residential Developed $1,924.40
211-360-037-9 Residential Developed $1,924.40
211-360-038-7 Residential Developed $1,924.40
211-360-039-5 Residential Developed $1,924.40
211-360-040-3 Residential Developed $1,924.40
211-360-041-1 Residential Developed $1,924.40
211-360-042-9 Residential Developed $1,924.40
211-360-043-7 Residential Developed $1,924.40
211-360-044-5 HOA HOA $0.00
211-360-045-2 HOA HOA $0.00
211-360-046-0 HOA HOA $0.00
211-360-047-8 HOA HOA $0.00
211-360-050-2 HOA HOA $0.00
211-360-049-4 HOA HOA $0.00
211-370-001-3 Residential Developed $1,924.40
211-370-002-1 Residential Developed $1,924.40
211-370-003-9 Residential Developed $1,924.40
211-370-004-7 Residential Developed $1,924.40
211-370-005-4 Residential Developed $1,924.40
211-370-006-2 Residential Developed $1,924.40
211-370-007-0 Residential Developed $1,924.40
211-370-008-8 Residential Developed $1,924.40
211-370-009-6 Residential Developed $1,924.40
211-370-010-4 Residential Developed $1,924.40
211-370-011-2 Residential Developed $1,924.40
211-370-012-0 Residential Developed $1,924.40
211-370-013-8 Residential Developed $1,924.40
211-370-014-6 Residential Developed $1,924.40
211-370-015-3 Residential Developed $1,924.40
211-370-016-1 Residential Developed $1,924.40
8 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-370-017-9 Residential Developed $1,924.40
211-370-018-7 Undeveloped Undeveloped $0.00
211-370-019-5 Residential Developed $1,924.40
211-370-020-3 Residential Developed $1,924.40
211-370-021-1 Residential Developed $1,924.40
211-370-022-9 Residential Developed $1,924.40
211-370-023-7 Residential Developed $1,924.40
211-370-024-5 Residential Developed $1,924.40
211-370-025-2 Prepaid Prepaid $0.00 /1
211-370-026-0 Residential Developed $1,924.40
211-370-027-8 Undeveloped Undeveloped $0.00
211-370-028-6 Undeveloped Undeveloped $0.00
211-370-029-4 Residential Developed $1,924.40
211-370-030-2 Undeveloped Undeveloped $0.00
211-370-031-0 Residential Developed $1,924.40
211-370-032-8 Residential Developed $1,924.40
211-370-033-6 Prepaid Prepaid $0.00 /1
211-370-034-4 Residential Developed $1,924.40
211-370-035-1 Residential Developed $1,924.40
211-370-036-9 Residential Developed $1,924.40
211-370-037-7 Prepaid Prepaid $0.00 /1
211-370-038-5 Prepaid Prepaid $0.00 /1
211-370-039-3 Residential Developed $1,924.40
211-370-040-1 Residential Developed $1,924.40
211-370-041-9 Residential Developed $1,924.40
211-370-042-7 Residential Developed $1,924.40
211-370-043-5 Residential Developed $1,924.40
211-370-044-3 Undeveloped Undeveloped $0.00
211-370-045-0 Residential Developed $1,924.40
211-370-046-8 Residential Developed $1,924.40
211-370-047-6 Residential Developed $1,924.40
211-370-048-4 Residential Developed $1,924.40
211-370-049-2 Residential Developed $1,924.40
211-370-050-0 Residential Developed $1,924.40
211-370-051-8 Residential Developed $1,924.40
211-370-052-6 Residential Developed $1,924.40
211-370-053-4 Residential Developed $1,924.40
211-370-054-2 Residential Developed $1,924.40
211-370-055-9 Prepaid Prepaid $0.00 /1
211-370-056-7 Residential Developed $1,924.40
211-370-057-5 Residential Developed $1,924.40
211-370-058-3 Residential Developed $1,924.40
9 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-370-059-1 HOA HOA $0.00
211-370-060-9 HOA HOA $0.00
211-370-061-7 HOA HOA $0.00
211-370-062-5 HOA HOA $0.00
211-370-063-3 HOA HOA $0.00
211-370-064-1 HOA HOA $0.00
211-370-065-8 HOA HOA $0.00
211-380-001-1 Undeveloped Undeveloped $0.00
211-380-002-9 Residential Developed $1,924.40
211-380-003-7 Undeveloped Undeveloped $0.00
211-380-004-5 Residential Developed $1,924.40
211-380-005-2 Residential Developed $1,924.40
211-380-006-0 Residential Developed $1,924.40
211-380-007-8 Residential Developed $1,924.40
211-380-008-6 Residential Developed $1,924.40
211-380-009-4 Residential Developed $1,924.40
211-380-010-2 Residential Developed $1,924.40
211-380-011-0 Residential Developed $1,924.40
211-380-012-8 Residential Developed $1,924.40
211-380-013-6 Residential Developed $1,924.40
211-380-014-4 Residential Developed $1,924.40
211-380-015-1 Residential Developed $1,924.40
211-380-016-9 Residential Developed $1,924.40
211-380-017-7 Residential Developed $1,924.40
211-380-018-5 Undeveloped Undeveloped $0.00
211-380-019-3 Undeveloped Undeveloped $0.00
211-380-020-1 Residential Developed $1,924.40
211-380-021-9 Undeveloped Undeveloped $0.00
211-380-022-7 Residential Developed $1,924.40
211-380-023-5 Residential Developed $1,924.40
211-380-024-3 Undeveloped Undeveloped $0.00
211-380-025-0 Undeveloped Undeveloped $0.00
211-380-026-8 Undeveloped Undeveloped $0.00
211-380-027-6 Undeveloped Undeveloped $0.00
211-380-028-4 Undeveloped Undeveloped $0.00
211-380-029-2 Undeveloped Undeveloped $0.00
211-380-030-0 Undeveloped Undeveloped $0.00
211-380-031-8 Undeveloped Undeveloped $0.00
211-380-032-6 Undeveloped Undeveloped $0.00
211-380-033-4 Undeveloped Undeveloped $0.00
211-380-034-2 Undeveloped Undeveloped $0.00
211-380-035-9 Undeveloped Undeveloped $0.00
10 of 11
Assessor's Type of Status of Taxable Special
Parcel Number Property Development Acres Tax
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Levy for Fiscal Year 2011-12
211-380-036-7 Undeveloped Undeveloped $0.00
211-380-037-5 Undeveloped Undeveloped $0.00
211-380-038-3 Undeveloped Undeveloped $0.00
211-380-039-1 Undeveloped Undeveloped $0.00
211-380-040-9 HOA HOA $0.00
211-380-041-7 HOA HOA $0.00
211-380-042-5 HOA HOA $0.00
211-380-043-3 HOA HOA $0.00
211-380-044-1 HOA HOA $0.00
211-380-045-8 HOA HOA $0.00
211-380-046-6 HOA HOA $0.00
211-380-047-4 HOA HOA $0.00
211-380-048-2 HOA HOA $0.00
211-380-049-0 Undeveloped Public $0.00
Total Special Tax Levy $504,192.80
/1 This parcel has prepaid its special tax obligation and is no longer subject to the special tax.
Goodwin Consulting Group, Inc.
11 of 11
APPENDIX C
Rate and Method of Apportionment
of Special Tax
County of Contra Costa CFD No. 2001-1 1 April 13, 2001
COUNTY OF CONTRA COSTA
COMMUNITY FACILITIES DISTRICT NO. 2001-1
(NORRIS CANYON)
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
A Special Tax applicable to each Assessor's Parcel in Community Facilities District No. 2001-1
(herein ACFD No. 2001-1@) shall be levied and collected according to the tax liability determined by
the Board of Supervisors of the County of Contra Costa or its designee, as described below. All of
the property in CFD No. 2001-1, unless exempted by law or by the provisions of Section G below,
shall be taxed for the purposes, to the extent, and in the manner herein provided.
A. DEFINITIONS
The terms hereinafter set forth have the following meanings:
AAcre or Acreage@ means the land area of an Assessor=s Parcel as shown on an Assessor's Parcel
Map, or if the land area is not shown on an Assessor's Parcel Map, the land area shown on the
applicable final map, parcel map, or other recorded County parcel map.
AAct@ means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5,
(commencing with Section 53311), Division 2 of Title 5 of the Government Code of the State of
California.
AAdministrative Expenses@ means any or all of the following: the fees and expenses of any fiscal
agent or trustee (including any fees and expenses of its counsel) employed in connection with any
Bonds; any costs associated with the marketing or remarketing of the Bonds; the expenses of the
Administrator and the County in carrying out their respective duties under any fiscal agent
agreement, indenture or resolution with respect to the Bonds or CFD No. 2001-1, including, but not
limited to, the levy and collection of the Special Tax, the fees and expenses of legal counsel, charges
levied by the County or any division or office thereof in connection with the levy and collection of
Special Taxes, audits, continuing disclosure or other amounts needed to pay arbitrage rebate to the
federal government with respect to Bonds; costs associated with complying with continuing
disclosure requirements; costs associated with responding to public inquiries regarding Special Tax
levies and appeals; attorneys= fees and other costs associated with commencement or pursuit of
foreclosure for delinquent Special Taxes; costs associated with overhead expense allocations to CFD
No. 2001-1; and all other costs and expenses of the County, the Administrator, and any fiscal agent,
escrow agent or trustee related to the administration of CFD No. 2001-1.
AAdministrator@ shall mean the person or firm designated by the Board to administer the Special
Tax according to this Rate and Method of Apportionment of Special Tax.
County of Contra Costa CFD No. 2001-1 2 April 13, 2001
“Annual Interest Component@ means the total amount of interest on Bonds in the calendar year
commencing in such Fiscal Year.
AAssessor's Parcel@ or AParcel@ means a lot or parcel shown in an Assessor's Parcel Map with an
assigned Assessor's Parcel number.
AAssessor's Parcel Map@ means an official map of the County Assessor of the County of Contra
Costa designating parcels by Assessor's Parcel Number.
ABonds@ means any bonds or other debt (as defined in Section 53317(d) of the Act), whether in one
or more series, issued by CFD No. 2001-1 under the Act.
ABoard@ means the Board of Supervisors of the County of Contra Costa.
ACapitalized Interest@ means funds in any capitalized interest account available to pay debt service
on Bonds issued by CFD No. 2001-1.
ACapitalized Interest Requirement@ means the least of: i) the Annual Interest Component, ii) the
difference between the Special Tax Requirement and the amount determined pursuant to Step 1 of
Section E hereof, or iii) the amount of Capitalized Interest available.
ACounty@ means the County of Contra Costa.
ADeveloped Property@ means Taxable Property for which a building permit for construction was
issued prior to June 1 of the preceding Fiscal Year.
AFiscal Year@ means the period starting July 1 and ending on the following June 30.
AHomeowners= Association Property@ means any property within the boundaries of CFD No. 2001-
1 which is owned by a homeowners= or property owners= association.
ALand Use Class@ means one of the defined land use categories for which a specific Maximum
Special Tax is identified in Table 1 in Section C below.
AMaximum Special Tax@ means the maximum amount of Special Tax, determined in accordance
with Section C below, that can be levied in any Fiscal Year.
AOther Property@ means Developed Property which is not Residential Property, Public Property, or
Homeowners= Association Property.
APlanned Units@ means the number of individual residential units that were expected to be
constructed on property within CFD No. 2001-1 as shown in Attachment 1.
AProportionately@ means, for Residential Property and Other Property, that the ratio of the actual
Special Tax levied in any Fiscal Year to the Maximum Special Tax authorized to be levied in that
County of Contra Costa CFD No. 2001-1 3 April 13, 2001
Fiscal Year is equal for all Assessor=s Parcels of Residential Property and Other Property. For
Undeveloped Property, "Proportionately" means that the ratio of the actual Special Tax to the
Maximum Special Tax is equal for all Assessor=s Parcels of Undeveloped Property. For
Homeowners= Association Property and nonexempt Public Property, "Proportionately" means that
the ratio of the actual Special Tax to the Maximum Special Tax is equal for all Assessor=s Parcels of
Homeowners= Association Property and Public Property.
APublic Property@ means any property within the boundaries of CFD No. 2001-1 that is owned by
or irrevocably offered for dedication to the federal government, State of California or other local
governments or public agencies.
AResidential Property@ means, in any Fiscal Year, any Parcel of Developed Property for the
construction of a residential structure which is not Homeowners= Association Property or Public
Property.
ASpecial Tax@ means a special tax levied in any Fiscal Year that will be used to pay the Special Tax
Requirement, as defined below.
ASpecial Tax Requirement@ means the total amount needed each Fiscal Year to (i) pay principal
and interest on Bonds in the calender year commencing in such Fiscal Year, (ii) create or replenish
reserve funds, (iii) cure any delinquencies in the payment of principal or interest on indebtedness of
CFD No. 2001-1 which have occurred in the prior Fiscal Year or (based on delinquencies in the
payment of Special Taxes which have already taken place) are expected to occur in the Fiscal Year
in which the tax will be collected, (iv) pay Administrative Expenses.
ATaxable Property@ means all of the Assessor's Parcels within the boundary of CFD No. 2001-1
which are not exempt from the Special Tax pursuant to law or Section G below.
ATentative Map@ means the tentative map for Norris Canyon Estates approved by the Board in
August 1997.
AUndeveloped Property@ means any Parcel of Taxable Property within CFD No. 2001-1 for which a
building permit has not been issued prior to June 1 of the preceding Fiscal Year.
B. ASSIGNMENT TO LAND USE CLASS
Each Fiscal Year, the Administrator shall categorize each parcel of property in CFD No. 2001-1 as
Developed Property or Undeveloped Property, and Parcels of Developed Property shall be further
identified as either Residential Property, Other Property, Homeowners= Association Property or
Public Property. For each Parcel of Other Property within the CFD, the Administrator shall
determine how many Planned Units had been expected on the Parcel in order to assign the Maximum
Special Tax pursuant to Section C below.
County of Contra Costa CFD No. 2001-1 4 April 13, 2001
C. MAXIMUM SPECIAL TAX
Pursuant to Section 53321 (d) of the Act, a Maximum Special Tax must be established as a specific
dollar amount before a Parcel is first subject to the tax when in private residential use. The following
maximum rates shall apply to all Parcels of Taxable Property within CFD No. 2001-1 for each Fiscal
Year in which the Special Tax is collected:
TABLE 1
MAXIMUM SPECIAL TAX
(Fiscal Year 2001-02)
Land
Use Class
Description
Maximum
Special Tax
(Fiscal Year 2001-02)
1
Residential Property
$2,100 per Parcel
2
Other Property
$2,100 per Planned Unit
of the Parcel before it
became Other Property
3
Undeveloped Property
$3,360 per Acre
Pursuant to Section 53321 (d) of the Act, the Special Tax levied against a Parcel used for private
residential purposes shall under no circumstances increase more than ten percent (10%) as a
consequence of delinquency or default by the owner of any other Parcel or Parcels and shall, in no
event, exceed the Maximum Special Tax in effect for the Fiscal Year in which the Special Tax is
being levied.
D. MANDATORY PREPAYMENT OF SPECIAL TAX RESULTING FROM
TENTATIVE MAP REVISIONS
It is possible that a revision in the Tentative Map could result in less Special Tax revenue being
available from the CFD. To preclude this result, after CFD No. 2001-1 has been formed, the County
shall apply the following steps for every proposed Tentative Map revision:
Step 1: The County or its designee shall calculate the Maximum Special Tax revenues
that could be collected from the property affected by the proposed Tentative
Map revision (the AAffected Property@) prior to the revision being approved;
County of Contra Costa CFD No. 2001-1 5 April 13, 2001
Step 2: The County or its designee shall calculate the Maximum Special Tax revenues
that could be collected from the Affected Property if the Tentative Map revision
is approved;
Step 3: If the amount determined in Step 2 is higher than that calculated in Step 1, the
Tentative Map revision may be approved without prepayment of the Special Tax.
If the revenues calculated in Step 2 are less than those calculated in Step 1, the
County may not approve the Tentative Map revision unless the landowner
requesting the Tentative Map revision prepays a portion of the Special Tax
obligation that would have applied to the Affected Property prior to approval of
the revision in an amount sufficient to retire a portion of the Bonds and maintain
110% coverage on the Bonds= debt service with the reduced Maximum Special
Tax revenues that will result after the Tentative Map revision is approved. The
required prepayment shall be calculated using the formula set forth in Section H
below. Property owners wishing to prepay the Special Tax as a result of a
Tentative Map revision cannot be delinquent on past Special Taxes on the
Affected Property.
E. METHOD OF LEVY AND COLLECTION OF THE SPECIAL TAX
Commencing with Fiscal Year 2001-02 and for each following Fiscal Year, the Administrator shall
determine the Special Tax Requirement for that Fiscal Year. The Special Tax shall then be levied as
follows:
Step 1: The Special Tax shall be levied Proportionately on each Parcel of Residential
Property and Other Property up to 100% of the Maximum Special Tax up to
the Special Tax Requirement for each Land Use Class for such Fiscal Year as
determined pursuant to Section C. The Maximum Special Tax for a Parcel of
Other Property shall be the total Maximum Special Taxes for the Planned
Units that the Other Property replaced, as determined by the Administrator;
Step 2: Determine the Capitalized Interest Requirement, if any, and add it to the
amount levied under Step 1;
Step 3: If the total of the Capitalized Interest Requirement and the amount levied
under Step 1 is less than the Special Tax Requirement, the Special Tax shall
be levied Proportionately on each Assessor's Parcel of Undeveloped Property
within the CFD, up to 100% of the Maximum Special Tax for Undeveloped
Property for such Fiscal Year determined pursuant to Section C;
Step 4: If additional monies are needed after applying the first three steps, the Special
Tax shall be levied Proportionately on each Parcel of Homeowners=
Association Property and Public Property which originally had Planned Units,
up to 100% of the Maximum Special Tax for Undeveloped Property for such
Fiscal Year determined pursuant to Section C.
County of Contra Costa CFD No. 2001-1 6 April 13, 2001
F. MANNER OF COLLECTION
The Special Taxes for CFD No. 2001-1 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 H below (and may be required in the case of Tentative Map revisions) 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 levied and collected until principal and interest on Bonds have been repaid
and authorized facilities to be constructed directly from Special Taxes proceeds have been completed.
However, in no event shall a Special Taxes be levied after Fiscal Year 2039-2040.
G. EXEMPTIONS
Notwithstanding any other provision of this Rate and Method of Apportionment of Special Tax, no
Special Taxes shall be levied on Public Property, except as otherwise provided in Sections 53317.3
and 53317.5 of the Act.
H. PREPAYMENT OF SPECIAL TAX
The following definitions apply to this Section H:
"Future Facilities Costs" means the Public Facilities Requirements (as defined below)
minus public facility costs funded by Previously Issued Bonds, interest earnings on the
construction fund actually earned prior to the date of prepayment, Special Taxes, developer
equity, and/or any other source of funding.
"Outstanding Bonds" means all Previously Issued Bonds which remain outstanding, with
the following exception: if a Special Tax has been levied against, or already paid by, an
Assessor=s Parcel making a prepayment, and a portion of the Special Tax will be used to pay a
portion of the next principal payment on the Bonds that remain outstanding (as determined by
the Administrator), that next principal payment shall be subtracted from the total Bond
principal that remains outstanding, and the difference shall be used as the amount of
AOutstanding Bonds@ for purposes of this prepayment formula.
"Previously Issued Bonds" means all Bonds that have been issued by CFD No. 2001-1 prior
to the date of prepayment.
"Public Facilities Requirements" means either $5,900,000 in 2001 dollars, which shall
increase by three percent (3%) on January 1, 2002, and on each January 1 thereafter, or such
lower number as shall be determined by the County as sufficient to fund public facilities to be
provided by CFD No. 2001-1 under the authorized bonding program for CFD No. 2001-1.
County of Contra Costa CFD No. 2001-1 7 April 13, 2001
The Special Tax obligation applicable to an Assessor's Parcel in CFD No. 2001-1 may be prepaid and
the obligation of the Assessor's Parcel to pay the Special Tax permanently satisfied as described
herein, provided that a prepayment may be made only if there are no delinquent Special Taxes with
respect to such Assessor's Parcel at the time of prepayment. An owner of an Assessor's Parcel
intending to prepay the Special Tax obligation shall provide the County with written notice of intent
to prepay. Within 30 days of receipt of such written notice, the County shall notify such owner of the
prepayment amount of such Assessor's Parcel. Prepayment must be made not less than 75 days prior
to any interest payment date for Bonds to be redeemed with the proceeds of such prepaid Special
Taxes.
The Prepayment Amount shall be calculated as follows (capitalized terms as defined below):
Bond Redemption Amount
plus Future Facilities Amount
plus Redemption Premium
plus Defeasance
plus Administrative Fees and Expenses
less Reserve Fund Credit
equals Prepayment Amount
As of the proposed date of prepayment, the Prepayment Amount shall be determined by application
of the following steps:
Step 1: Compute the total Maximum Special Tax that could be collected from
the Assessor's Parcel prepaying the Special Tax in the Fiscal Year in
which prepayment would be received by the County.
Step 2: Divide the Maximum Special Tax computed pursuant to Step 1 for
such Assessor=s Parcel by the lesser of (i) the Maximum Special Tax
revenues that could be collected in that Fiscal Year from property in
the entire CFD, or (ii) the Maximum Special Tax revenues that could
be generated at buildout of property in the CFD based on anticipated
land uses at the time the prepayment is calculated.
Step 3: Multiply the quotient computed pursuant to Step 2 by the Outstanding
Bonds to compute the amount of Outstanding Bonds to be retired and
prepaid. (the ABond Redemption Amount@).
Step 4: Compute the current Future Facilities Costs.
Step 5: Multiply the quotient computed pursuant to Step 2 by the amount
determined pursuant to Step 4 to compute the amount of Future
Facilities Costs to be prepaid (the AFuture Facilities Amount@).
County of Contra Costa CFD No. 2001-1 8 April 13, 2001
Step 6: Multiply the Bond Redemption Amount computed pursuant to Step 3
by the applicable redemption premium, if any, on the Outstanding
Bonds to be redeemed (the ARedemption Premium@).
Step 7: Compute the amount needed to pay interest on the Bond Redemption
Amount starting with the first Bond interest payment date after which
the prepayment has been received until the earliest redemption date
for the Outstanding Bonds. However, if Bonds are callable at the first
interest payment date after the prepayment has been received, Steps 7,
8 and 9 of this prepayment formula will not apply.
Step 8: Compute the amount of interest the County reasonably expects to
derive from reinvestment of the Bond Redemption Amount plus the
Redemption Premium from the first Bond interest payment date after
which the prepayment has been received until the redemption date for
the Outstanding Bonds.
Step 9: Take the amount computed pursuant to Step 7 and subtract the amount
computed pursuant to Step 8 (the ADefeasance@).
Step 10: The administrative fees and expenses of CFD No. 2001-1 are as
calculated by the County and include the costs of computation of the
prepayment, the costs of redeeming Bonds, and the costs of recording
any notices to evidence the prepayment and the redemption (the
AAdministrative Fees and Expenses@).
Step 11: A reserve fund credit shall be calculated as the reduction, if any, in the
applicable reserve fund for the Outstanding Bonds to be redeemed
pursuant to the prepayment (the AReserve Fund Credit@).
Step 12: The Special Tax prepayment is equal to the sum of the amounts
computed pursuant to Steps 3, 5, 6, 9, and 10, less the amount
computed pursuant to Step 11 (the APrepayment Amount@).
APPENDIX D
Boundary Map of
Community Facilities District No. 2001-1
APPENDIX E
Assessor’s Parcel Maps for
Fiscal Year 2011-12