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HomeMy WebLinkAboutMINUTES - 06052001 - D.2 Title RECORDING REQUESTED BY: FIRST AMERICAN TITLE IIII III III III II III III III III III III I IIII II I IIIII #777273 CONTRA COSTA Cc Recorder Office When Recorded Return to: STEPHEN L, WEIR, Clerk-Recorder DDC— 2001-0200023-00 Cheek Number CLERK OF THE BOARD OF SUPERVISORS, Thursday, JUL 12, 2001 11:34:00 CONTRA COSTA COUNTY FRE $0.00 551 PINE STREET Tt 1 Pd $0.00 Nbr-0000441575 MARTINEZ, CA 94553-0095' da r/R7/1-3 Space Above This Line For Recorder's Use Only TYPE OF DOCUMENT ATTACHED AMENDED NOTICE OF SPECIAL TAX LIEN s I � RECORDING REQUESTS Y AND AFTER RECORDATION RWJRN TO: • D Clerk of the Board of Supervisors Contra Costa County ' -20002.3 551 Pine Street Martinez,CA 94553-0095 AMENDED NOTICE OF SPECIAL TAX LIEN COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon)) Pursuant to the requirements of Section 3117.5 of the Streets and Highways Code of California and the Mello-Roos Community Facilities Act of 1982, as amended, section 53311,et. seq., of the California Government Code (the "Act"), the undersigned Clerk of the Board of Supervisors of the County of Contra Costa,State of California, hereby gives notice that a lien to secure payment of a special tax is hereby imposed by the Board of Supervisors of the County of Contra Costa. The special tax secured by this lien is authorized to be levied for the purpose of paying principal and interest on bonds, the proceeds of which are being used to finance the acquisition and construction of all or a portion of public facilities in and according to the rate and method of apportionment set forth in that certain Notice of Special Tax Lien heretofore recorded in the Office of the County Recorder of the County of Contra Costa,State of California on June 12, 2001; at the hour of 2:45 o'clock p.m. as Document No. 2001-0162454-00, to which recorded Notice of Special Tax Lien reference is hereby made and the provisions of which are hereby incorporated by this reference. This Amended Notice of Special Tai: Lien amends the Notice of Special Tax Lien to delete one parcel of real property erroneously included in the Notice of Special Tax Lien described above. The assessor's tax parcel(s) numbers of all parcels or any portion thereof on which the special tax is imposed and which are included in this Amended Notice of Special Tax Lien, together with the name(s) of the owner(s) thereof, as they appear on the latest secured assessment roll as of the date of recording hereof or as are otherwise known to the County are as set forth in Exhibit A hereto and hereby made a part hereof. For further information concerning the current and estimated future tax liability of owners or purchasers of real property subject to this special tax lien, interested persons should contact the Auditor-Controller of the Countv of Contra Costa, 625 Court Street, Room 103, Martinez,California,94553, telephone number (925) 646-2181. Dated: As of '3 2001. By: C of the Board of Supervisors, County of Contra Costa RECORDING REQUESTED BY AND 200023 EXHIBIT A COUNTY OF CONTRA COSTA Community ]Facilities District No. 2001-1 (:Norris Canyon) ASSESSOR'S PARCEL NUMBERS AND OWNERS OF LAND WITHIN COMMUNITY FACILITIES DISTRICT The following Assessor's Parcel Numbers are owned by Toll Land XXII Limited Partnership Assessor's Parcel Nos. 209-050-021-2 209-970-013-6 209-960-017-9 209-050-022-0 209-970-014-4 209-960-018-7 209-050-033-7 209-970-015-1 209-960-019-5 209-050-042-8 209-970-016-9 209-950-008-0 209-970-021-9 209-970-017-7 209-950-009-8 209-970-020-1 209-970-018-5 209-950-010-6 209-970-024-3 209-960-005-4 209-950-011-4 209-970-022-7 209-960-006-2 209-950-012-2 209-970-023-5 209-960-007-0 209-950-013-0 209-960-001-3 209-960-008-8 209-950-014-8 209-960-002-1 209-960-009-6 209-950-015-5 209-960-003-9 209-960-010-4 209-950-016-3 209-960-004-7 209-960-011-2 209-050-020 209-970-001-1 209-950-001-5 209-050-034 209-970-002-9 209-950-003-1 209-050-035 209-970-003-7 209-950-004-9 209-050-036 209-970-004-5 209-950-005-6 209-050-037 209-970-005-2 209-950-006-4 209-050-043 209-970-006-0 209-950-007-2 209-050-045 209-970-007-8 209-960-012-0 209-050-046 209-970-008-6 209-960-013-8 209-050-047 209-970-009-4 209-960-014-6 209-050-048 209-970-010-2 209-960-015-3 209-080-006 209-970-011-0 209-960-016-1 209-080-008 209-970-012-8 R ( I L" .CXX I I � W hip Exhibit A END OF DOCUMENT Pagel RECORDING REQUESTED BY AND IIII III III I III II II IIII II III I II VIII I IIII I III III II AFTER RECORDATION RETURN TO: CONTRA COSTA Co Recorder Office STEPHEN L, WEIR, Clerk-Recorder Clerk of the Board of Supervisors DDC— 2001-0162454-00 Contra Costa Count Tuesday, JUN 12, 2001 14:45:03 County FRE $0.00 551 Pine Street Tt 1 Pd0.00 Nbr-0000399472 Martinez,CA 94553-0095 1 r e/RS/1-12 NOTICE OF SPECIAL TAX LIEN COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon)) Pursuant to the requirements of Section 3114.5 of the Streets and Highways Code of California and the Mello-Roos Community :Facilities Act of 1982, .as amended, section 53311, et. seq., of the California Government Code (the "Act"), the undersigned Clerk of the Board of Supervisors of the County of Contra Costa, State of California, hereby gives notice that a lien to secure payment of a special tax is hereby imposed by the Board of Supervisors of the County of Contra Costa. The special tax secured by this lien is authorized to be levied for the purpose of paying principal and interest on bonds, the proceeds of which are being used to finance the acquisition and construction of all or a portion of the public facilities described on Exhibit A attached hereto and hereby made a part hereof. The special tax is authorized to be levied within Community Facilities District No. 2001- 1 (Norris Canyon) (the "CFD") which has now been officially formed and the lien of the special tax is a continuing lien which shall secure each annual levy of the special tax and which shall continue in force and effect until the special tax obligation is prepaid, permanently satisfied, and canceled in accordance with law or until the special tax ceases to be levied and a notice of cessation of special tax is recorded in accordance with section 53330.5 of the Govemment Code. The rate, method of apportionment, and manner of collection of the authorized special tax is as set forth in Exhibit B attached hereto and hereby made a part hereof. Conditions under which the obligation to pay the special tax may be prepaid and permanently satisfied and the lien of the special tax canceled are as set forth in said Exhibit B and hereby incorporated herein by this reference. Notice is further given that upon the recording of this notice in the office of the County Recorder of the County of Contra Costa, the obligation to pay the special tax levy shall become alien upon all nonexempt real property within the CFD in accordance with Section 3115.5 of the Streets and Highways Code of California. The name(s) of the owner(s) and the assessor's tax parcel numbers of the real property included within the area of the CFD and not exempt from the special tax are as set forth in Exhibit C attached hereto and hereby made a part hereof. Reference is made to the boundary map of the community facilities district recorded at Book 68 of Maps of Assessment and Community Facilities Districts at Page 35, in the office of the County Recorder for the County of Contra Costa,State of California, which map is now the final boundary map of the CFD. For further information concerning the current and estimated future tax liability of owners or purchasers of real property subject to this special tax lien, interested persons should contact the Auditor-Controller of the County of Contra Costa, 625 Court Street, Room 103, Martinez, California, 94553, telephone number (925) 646-2181. Dated: As of June 5, 2001. : BY Clerk oft B a d of Supervisors, Coun f ontra Costa -2- EXHIBIT A COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) DESCRIPTION OF FACILITIES TO BE FINANCED BY THE CFD DESCRIPTION OF FACILITIES The Facilities shown below are to be financed by the above-designated community facilities district (the "CFD") of the County of Contra Costa (the "County"). The Facilities shall include the attributable costs of engineering, design, planning and coordination, together with the expenses related to the issuance and kale of any special tax bonds, including underwriters' discount, appraisals, reserve fund, capitalized interest, bond counsel, special tax consultant, bond and official statement printing and all other expenses incidental thereto. The Facilities shall be constructed pursuant to plans and specifications approved by the County and by the respective officials of the other public entities that will own any of the Facilities. The widening of Norris Canyon Road, an existing County public road, to 34 feet. The sharper curves will be softened and new drainage facilities installed. The widening will start at the intersection of Bollinger Canyon Road and will continue a distance of over 7,700 feet. However, only that portion of Norris Canyon Road within Contra Costa County is included in the CFD. Such improvements will include: grading, pavement, curbs and gutters, rock shoulder, traffic signing and striping and street lights; construction of sanitary sewer mains, structures, fittings and appurtenances; construction of storm drainage pipes, catch basins, structures, fitting and appurtenances; construction of water distribution facilities and appurtenances; construction of joint utility distribution facilities for electrical, telephone, gas, cable, TV, including trenching, conduit and cable installation, pull and splice boxes, fittings and appurtenances, and relocation of overhead facilities; construction of landscaping and irrigation facilities, including soil preparation, landscape materials, irrigation pipes, fittings and appurtenances; required attendant public fees and design and construction engineering fees;and acquisition of all necessary interests in real property. Exhibit A Page 1 EXHIBIT B 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 "CFD 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: "Acre 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. "Act" 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. "Administrative 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 mp colying 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. "Administrator" 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. "Annual Interest Component" means the total amount of interest on Bonds in the calendar year commencing in such Fiscal Year. "Assessor's Parcel" or "Parcel" means a lot or parcel shown in an Assessor's Parcel Map with an assigned Assessor's Parcel number. "Assessor's Parcel Map" means an official map of the County Assessor of the County of Contra Costa designating parcels by Assessor's Parcel Number. "Bonds" 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. "Board" means the Board of Supervisors of the County of Contra Costa. "Capitalized Interest" means funds in any capitalized interest account available to pay debt service on Bonds issued by CFD No. 2001-1. "Capitalized 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. "County" means the County of Contra Costa. "Developed Property" means Taxable Property for which a building permit for construction was issued prior to June 1 of the preceding Fiscal Year. "Fiscal Year" means the period starting July 1 and ending on the following June 30. "Homeowners' Association Property" means any property within the boundaries of CFD No. 2001-1 which is owned by a homeowners' or property owners' association. "Land 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. "Maximum Special Tax" means the maximum amount of Special Tax,determined in accordance with Section C below, that can be levied in any Fiscal Year. "Other Property" means Developed Property which is not Residential Property, Public Property,or Homeowners' Association:Property. "Planned 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. "Proportionately" 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 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. "Public 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. "Residential 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. "Special Tax" means a special tax levied in any Fiscal Year that will be used to pay the Special Tax Requirement,as defined below. "Special Tax Requirement"means the total amount needed each Fiscal Year to (i) pay principal and interest on Bonds in the calendar 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. ."Taxable 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. "Tentative Map" means the tentative map for Norris Canyon Estates approved by the Board in August 1997. "Undeveloped 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. 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 Ls 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 Maximum Special Tax Use Class Description (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 "Affected Property") prior to the revision being approved; 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. 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 belo;N (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 "Outstanding 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. 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 Maximwn Special Tax computed pursuant to Step 1 for such Assessor's Parcel b:y 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 "Bond 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 "Future Facilities Amount"). 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"Redemption 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 "Defeasance"). 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 "Administrative 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 "Reserve 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 1.1 (the "Prepayment Amount"). viz 0. b C° op ru u:w�:iuw..rcr.:r.:cuun:.:r.:aiu:cn:n nr_n {J r um;cnu:::umnn:uu:imncnuiuunrruaa:Tnuwuu fur:ciiiiTiuell uniam;uui: nniunx�u :Tin:m::a:ummnaTmnmcmt�.ncu:mnaimm:w6 a:aauTuma::^icmnnvnn1A. 1 I. .\._, ���.�\ - tial'� �� / .•��� ,'!?�� '� . I � ti ��Sijl� t �� I ! Hill ; 11II! EXHIBIT C COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) ASSESSOR'S PARCEL NUMBERS AND OWNERS OF LAND WITHIN COMMUNITY FACILITIES DISTRICT The following Assessor's Parcel Nos. are all owned by Toll Land XXH Limited Partnership. s ss )r's Parcel Nos. 209-050-021-2 209-960-009-6 209-050-022-0 209-960-010-4 209-050-033-7 209-960-011-2 209-050-042-8 209-950-001-5 209-970-021-9 209-950-003-1 209-970-020-1 209-950-004-9 209-970-024-3 209-950-005-6 209-970-022-7 209-950-006-4 209-970-023-5 209-950-007-2 209-960-001-3 209-960-012-0 209-960-002-1 209-960-013-8 209-960-003-9 209-960-014-6 209-960-004-7 209-960-015-3 209-970-001-1 209-960-016-1 209-970-002-9 209-960-017-9 209-970-003-7 209-960-018-7 209-970-004-5 209-960-019-5 209-970-005-2 209-950-008-0 209-970-006-0 209-950-009-8 209-970-007-8 209-950-010-6 209-970-008-6 209-950-011-4 209-970-009-4 209-950-012-2 209-970-010-2 209-950-013-0 209-970-011-0 209-950-014-8 209-970-012-8 209-950-015-5 209-970-013-6 209-950-016-3 209-970-014-4 209-950-002-3 209-970-015-1 209-050-020 209-970-016-9 209-050-034 209-970-017-7 209-050-035 209-970-018-5 209-050-036 209-960-005-4 209-050-037 209-960-006-2 209-080-006 209-960-007-0 209-080-008 209-960-008-8 Exhibit C Page 1 Community Contra Dennis M.Barry,AICP . Community Development Director Development Costa Department County County Administration Building 651 Pine Street 4th Floor, North Wing Martinez, California 94553-0095 Phone: (925) 335-1255 7q COUh'� July 2, 2001 Judy Harlan-Ong First American Title 1850 Mt. Diablo Blvd., Ste. 300 Walnut Creek, CA 94596 Dear Ms. Harlan-Ong: RE: Amended Notice of Special Tax Lien - Contra Costa County Community Facilities District 2001-1 (Norris Canyon Estates) Enclosed is an executed Accomodation Recording Agreement from the County of Contra Costa. The second party, Toll Land XII, will execute the Agreement in counter part. With this Agreement in place, please record the Amended Notice of Special Tax Lien attached hereto. Thank you for your assistance on this matter. If you have any questions please feel free to call me at (925) 335-1255. Sincerely, J m e nnedy yep ty Directo , - Redevelopment cc: Mike O'Hara, Toll Brothers David Oster, Jones Hall File K3.8(c) JK:ln enclosures W:\Personal\Letters\cd.harlan-on87.0l.doc Page 1 of 1 �ffice Hours Monday - Friday: 8:00 a.m. - 5:00 p.m. Office is closed the 1 st:, 3rd & 5th Fridays of each month ACCOMMODATION RECORDING AGREEMENT First American Title Insurance Company ("First American") has been requested to record the document(s)identified below as an accommodation for County of Contra Costa and Poll Land XXII Lim' ("Indemnitor"). This Accommodation Recording Agreement is entered into by Indemnitor and First American for the benefit and protection of First American. It is understood that First American will act as a courier in requesting the recording of documents identified below without benefit of examination of the documents or the title to any property purportedly affected thereby by First American; and Indemnitor acknowledges that First American derives no direct or indirect benefit from the recording of the document(s). Indemnitor recognizes that First American would not request the accommodation recording of the document(s) without this Agreement. In consideration for First American's requesting the recording of the document(s) identified below, Indemnitor hereby waives and releases First American from any and all claims arising out to the documents(s) identified below and agrees to hold harmless, protect and indemnify First American from and against any and all liabilities, losses, damages, expenses and charges, including but not limited to attorney's fees and expenses of litigation, which may be sustained or incurred by First American in any way relating to, or arising directly or indirectly out of arty accommodation recording requested by Indemnitor, including any claim, action, proceeding, judgment, order or process arising from based upon or growing out of First American's active or passive negligence in connection with the documents identified below. Indemnitor further agrees that if suit shall be brought to enforce this Agreement, Indemnitor will pay First American's attorney's fees. Documents to be recorded as an accommodation: Document Title First Party Second Party 1. Amended Notice of C-C'_ County Toll Land XXII Special Tax Lien 2. 3. Indemnitor's check payable; to First .American Title to cover the costs of the requested recording of the documents identified above. (ALL RECORDING FEES DUE COLLECT THRU ESCROW NO. 777273. The Indemnitor has executed this Accommodation Recording Agreement this 27th day of June, 2001. INDEMNITORS: County of Contra Costa By: Name Jim Kennedy To: Lisa Noble/CD/CCC@CCC 06/27/200103:26 PM cc: Subject: Lot 31, TRACT NO.7578, San Ramon/Christiansen Parcel ----- Forwarded by Jim Kennedy/CD/CCC on 06/27/200103:30 PM ----- "Judy Harlan-Ong" To: "mo hara@toIIbrothers inc.com"<mohara@to I I brothers i nc.com>, " < harlan-on @firstam J 9 jkenn@cd.co.contra-costa.ca.us <jkenn@cd.co.contra-costa.ca.us> 06/27/200103:05 PM Please respond to cc: jharlan-ong Subject: Lot 31, TRACT NO.7578, San Ramon/Christiansen Parcel C.� Attached is a copy of the Accommodation Recording Instructions which will need to be executed and returned to me with th ended Notice of Special Tax Lien. I can not record this documents without the instructions to record. Thank you. Judy Harlan-Ong Special Projects Officer 777273.doc David Oster To: <jkenn@cd.co.contra-costa.ca.us>, <mohara@tollbrothersinc.com>, <doster hhw.com> <harlan-on �. @j j g@firstam.com> 06/26/2001 02:52 PM Cc: Subject: Amended Notice of Special Tax Lien Attached please find a form of Amended [Notice of Special Tax Lien. I understand that Exhibit A, the correct assessor parcel numbers and property owner names, will be supplied by Mike O'Hara and that First American will assist with the recording. This does not have to be recorded prior to our June 28, 20012, bond closing. n AmNot.doc Jim Kennedy To: mohara@tollbrothersinc.com 06/27/2001 06:57 AM cc: cc: Subje+ct: Amended Notice of Special Tax Lien Mike: I will need the information for Exhibit A of the above by Monday, July 2. 1 am on vacation after 7/6 and want to get this done before I leave. The holiday of 7/4 impacts availability of people to accomplish as well. Jim COUNTY OF CONTRA COSTA COMMUNITY FACILITIES DISTRICT NO. 2001-1 (NORRIS CANYON) ORDER OF PROCEEDINGS FOR HEARINGS AND ACTIONS STEP 1. A. The CHAIR OF THE BOARD OF 5UPERVI50R5 makes the following opening remarks: 'This is the time and place for the public hearings in this Board's proceedings for Community Facilities District No. 2001-1 (Norris Canyon). The hearings are to inquire into the formation of the District, the levy of special taxes in the District and the need to incur bonded indebtedness in the District. "Before I formally open the hearings, are there any property owners or registered voters in the District who wish to file written protests? If so, they must be filed with the Clerk of the Board now. (Pause to see if there are any protests.] "The hearings are now officially opened. To have orderly hearings, we will first have presentations by staff and the consultants about the District. After that, we will receive comments and questions and any oral protests from any inte sons. When all comments have been received the hearings will be clos B. Staff and consultants make preser.,tations C. Time for comments, questions and protests from oudien e. D. Close hearings E. The Board of Supervisors may then ask questions and discuss the District. F. When discussion is through, the Board considers and adop ts: n oF^rm�,at�ar ^f o un • A Re tion Determi it to r on do in Community Facilities District; and ✓ • olut' n alling peci Erle 'on. W: Personal\Docum ents\N orrisCanyon.1-learings.5.01 STEP 2. A. The CHAIR OF THE BOARD then announces: 'At this time, I ask the Clerk of the Board to open the ballot(s) and ant results of the election." [Pause for opening of ballo t(s).J R. The Clerk opens the ballots)and announces the results of the election. The Clerk then completes one copy of the Canvass and Statement of Result of Election. STEP 3. A. The CHAIR OF THE BOARD then announces: "The results of the election being unanimously in favor of the levy of the special taxes, the establishment of the appropriations limit and the incurring of bonded indebtedness, we may now proceed with the final actions for the District." R. The Board considers and takes the following actions: • ADOPTION OFA Resolution DAG ring Res of 5pe ' I EI cti o nd ecting Rec i of No ice of Sp ' ax Lien, • FIRSTREADIN An Grdinance the Board of Supervisors of the County Of ContLa Cosa Levying ,eci axes wit ommuni Faci ' ie i trict No. 2 1-1 (Norris Canyon); • OPTION OFA solution Authorizing the Issu and ale ecial Tax Bon , and oving a�� tho ' in elat cumen an do END OF ITEM 14 W: Personal\Documents\NorrisCanyon.Hearings.5.01 Contra TO: BOARD OF SUPERVISORCosta SUPERVISOR'S' County FROM: Dennis M. Barry, AICP Community Development Director DATE: June 5, 2001 SUBJECT: Norris Canyon Community f=acilities District 2001-1 SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS HOLD Public Hearing to consider: • The establishment of a Mello-Roos Community Facilities District 2001-1 to finance infrastructure necessary for the development known as Norris Canyon Estates, San Ramon Area; • The proposed issuance of debt on behalf of the above referenced CFD, including the public interest, convenience, and necessity for the issuance of bonds; ADOPT Resolutions including: • A Resolution of Formation of County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"); • A Resolution Determining Necessity to Incur Bonded Indebtedness to finance public facilities within and benefiting the CFD; • A Resolution Calling Special.Election by the qualified electors within the CFD: CANVASS results of Special Tax Election by the Clerk of the Board. ADOPT actions for the CFD including: • A Resolution Declaring Results of Special Election and Directing Recording of Notice of Special Tax Lien; • First reading of an Ordinance of the Board of Supervisors of Contra Costa County Levying Special Taxes within Community Facilities District No.2001-1 (Norris Canyon); • A Resolution Authorizing the Issuance and Sale of Special Tax Bonds, and Approving and Authorizing Related Documents and Actions; CONTINUED ON ATTACHMENT: X _ YES SIGNATURE: ECOMMENDATION OF COUNTY ADMINISTRATOR ECOM NDATION O BOARD COMMITTEE APPROVE OTHER SIGNATURE(S) ACTION OF BO ON .June 5 , 2001 APPROVED AS RECOMMENDED x OTHER See rated Resolutions Nos. 2(01/244; 2001/247; 2001/246; 2001/243; and 2001/245 VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A xx UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. Contact: Jim Kennedy 3-1255 orig: Community Development cc: County Administrator ATTESTED .me 5, 2001 County Counsel JOHN SWEETEN, CLERK OF THE Treasurer-Tax Collector BOARD OF SUPERVISORS Auditor-Controller AND THE COUNTY ADMINISTRATOR Public Works , BY)l DEPUTY W: \Personal\Boardorders\BOARD. 6 . 5.norriscanyonmelloroos 1 FISCAL IMPACT None. Bonds to be issued are secured solely by voter approved special taxes, and reserve accounts created by the issuer. All costs of establishing the Community Facilities District are paid by the Developer participant. All costs of administering the CFD are covered by the voter approved Special Tax. BACKGROUND/REASONS FOR RECOMMENDATIONS On May 1,2001 the Board of Supervisors adopted a Resolution of Intention to establish Community Facilities District for the Norris Canyon Estates development,and a Resolution of Intention to Incur Bonded Indebtedness for the CFD. Norris Canyon Estates is a 361-unit residential subdivision west of San Ramon(map attached as Exhibit A). The project,which was formerly known as Wiedemann Ranch,has secured land use entitlements including an amended vesting tentative subdivision map and final development plan, and is subject to a Development Agreement. The purpose of the CFD is to finance improvements to the portion of Norris Canyon Road within unincorporated Contra Costa County. The improvements to Norris Canyon Road are a condition of development approval for the subdivision. The amount of bonds proposed to be issued is$7,220,000. The County has adopted (in 1994)financing policies for the establishment of Mello-Roos Community Facilities Districts. The policies provide for the review of any proposed CFD, and the issuance of bonds thereto, by a County Debt Advisory Committee,which consists of the County Administrator,the Auditor-Controller,and the Treasurer-Tax Collector. The Debt Advisory Committee has reviewed the proposed CFD and the proposed bond issue and recommended proceeding with the formation of the CFD and the issuance of bonds as proposed. In reaching its conclusions the County Debt Advisory Committee considered the material attached hereto as Exhibit B. The proceedings of June 5, 2001 will include: The conduct of public hearings; The receipt of a vote (one vote by the land owner of the entire District); A canvassing of the vote by the Clerk of the Board; The adoption of Resolutions/Ordinances -forming the district; -authorizing levy of the Special Tax; authorizing sale of bonds secured by the Special Tax. The proceedings will be facilitated by Bond Counsel to the County,Jones Hall Hill&White,and the underwriter of the bonds, Stone &Youngberg. JK:ln W: \Personal\BoardOrders\BOARD. 6. 5 .norriscanyonmelloroos 2 EXHIBIT A MAP OF NORRIS CANYON ESTATES W: \Personal\BoardOrders\BOARD. 6. 5.norriscanyonmelloroos 3 �'• San Ramon City Limits aoa ,t �• r oa . a Ga��° ' 1 ::: : ':' :;.:;. �, �•. 680 a\ San Ramon �,..._ , sy `�• SITE �. . `\ 00 v,r+� Dublin 580 scale tin Mies) 0 114 tC2 314 Figure 1.2 WIEDEMANN RANCH Local Setting RE�"IDENTIAL COMMUNITY PROJECT of the Project Site 1-3 j . EXHIBIT B SUMMARY OF PROPOSED NORRIS CANYON ESTATES COMMUNITY FACILITIES DISTRICT TRANSACTION W: \Personal\BoardOrders\BOARD. 6. 5.norriscanyonmelloroos 4 Contra Costa County Redevelopment Agency Norris Canyon Estates Community Facilities District Debt Advisory Committee Meeting Friday May 18, 2001 9 am i The County is considering the issuance of$7.22 million of Special Tax Bonds to finance public infrastructure--specifically, the extension of Norris Canyon Road. The bonds would be supported by a special tax levied on property owners in the Norris Canyon Estates Community Facilities District. Though a large portion of the benefit of the widening of Norris Canyon Road will accrue to the homeowners in the Norris Canyon Estates CFD, other County residents will benefit, too. The road widening facilitates access to the adjacent Bishop Ranch Open Space. • Propertv Owner/Developer: Toll Land XXII Limited Partnership is currently the sole property owner in the District. The general partner of this partnership, Toll CA GP Corp., is a wholly owned subsidiary of Toll Holdings, Inc. which, in turn, is a wholly owned subsidiary of Toll Brothers, Inc. Toll Brothers Inc. was the original petitioner to form the District. As a publicly traded company,Toll Brothers' financial statements are reported quarterly. (See company's web site at http://Nvww.tollbros.com) Toll Brothers has further committed to specific continuing disclosure regarding this project. Toll Brothers has made a substantial equity commitment to the project thus far, investing approximately $25 million to purchase the land and approximately $41 million in site improvements made to date(including$7.5 million for the Norris Canyon Road improvements, a majority of which will be reimbursed from bond proceeds). They are self-financing these development costs. The developer is current on all property tax payments. • Appraisal and Value to Lien Ratio_ An appraisal by Smeyers Appraisal estimates the value of the Norris Canyon Estates property at$96.5 million. This analysis considered two valuation approaches: (1)the market value of the property in its current"as is" condition, recognizing the value of the development entitlements and improvements completed as of April 13, 2001; and (2) a discounted cash flow analysis assuming full development. This second approach assumes an absorption schedule of approximately 32-50 home sales per year over a seven-year build out period,based on actual sales to date and the sales pace of similarly priced homes in the mid- County area. Based on this appraisal, the bonds will bear a 13-to-1 value-to-lien ratio. • Development Status: Norris Canyon Estates has County entitlements for 361 lots on a 1,040 acre site. It is anticipated that 289 lots will be developed as part of a subdivision, and the remaining 72 lots will be developed as custom homes. Since September 2000, 44 homes have sales contracts pending. Construction has begun on 35 homes, with several model homes already completed. • Rate and Method of Special Tax Apportionment: The developer will be responsible for the tax on the undeveloped property at a maximum annual tax rate of$3,360.per acre. It is anticipated,however,that individual homeowners will ultimately pay the tax as the homes are completed and occupied. The maximum annual tax for a homeowner in the district is $2,100 per year,though the actual annual tax levy is likely to be lower, closer to $1,700 or$1,800 per year. For these homes, selling in the range of$800,000 to $1.4 million, this tax represents a small percentage of the home•value. Homeowners have the option to pre-pay this tax liability. • Financing Structure: The bonds will be structured with level debt service and a 2031 final maturity. The bond proceeds will provide approximately$5.8 million in project proceeds and will include the following: Debt Seri�ice Reserve: Will be initially funded at approximately 70% of the maximum annual debt service. Interest earnings will be retained so that the reserve equals 100% of maximum annual debt service in seven years. Capitalized Interest Fund: Will fund debt service through 9/1/02 (about 14 months). • County Financing Policies The County's policies regarding Mello Roos financings have been followed. The only exception is the limitation of capitalized interest to approximately 14 months, rather than the recommended 18 months. This amount was agreeable to the developer and was considered adequate by the financing team given the pace of development and the extent of the developer's assets. i ' •13052-25 JI-l:u)O::brE 5/30/01 RESOLUTION No . 2001 /247 A RESOLUTION[ CALLING SPECIAL ELECTION COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) WHEREAS, The Board of SupE,rvisors (the "Board") of the County of Contra Costa (the "County") has adopted a resolution entitled "A Resolution of Formation of Community Facilities District" (the "Resolution of Formation'), ordering the formation of the County's Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), authorizing the levy of a special tax on property within the C,7D and preliminarily establishing an appropriations limit for the CFD, all pursuant to the Mello-Roos Community Facilities Act of 1.982, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the"Act") and WHEREAS, This Board has also adopted a resolution entitled "A Resolution Determining the Necessity to incur Bonded Indebtedness" (tile "Resolution Determining Necessity"), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $7,220,000 upon the security of the special tax to be levied within the CFD pursuant to the Act; and WHEREAS, Pursuant to the provisions of the Resolution of Formation and the Resolution Determining Necessity, the propositions of the levy of the special tax, the establishment of the appropriations limit and the incurring of the bonded indebtedness shall be submitted to the qualified electors of the CFD as required by the provisions of the Act; NOW, THEREFORE, BE IT RESOLVED, As follows: 1. Issues Submitted. Pursuant to Sections 53326, 53351 and 53325.7 of the Act, the issues of the levy of the special tax, the incurring of bonded indebtedness and the establishment of the appropriations lirnit shall be submitted to the qualified electors (as defined below) of the CFD at an election called therefor as provided below. 2. Qualified Electors. This Board hereby finds that fewer than 1.2 persons have been registered to vote within the territory of the CFD for each of the ninety (90) days preceding the close of the public hearings heretofore conducted and concluded by this Board for the purposes of these proceedings. Accordingly, and pursuant to Section 53326 of the Act, this Board finds that, for these proceedings, the qualified electors are the landowners within the CFD and that the vote shall be by such landowners or their authorized representatives, each having one vote for each acre or portion thereof such landowner owns in the CFD as of the close of the public hearings. 3. Conduct of Election. This Board hereby calls a special election to consider the measures described in section 1 above, which election shall be held on June 5, 2001 and the results thereof canvassed at the meeting of this Board on June 5, 2001. The Clerk of the Board is hereby designated as the official to conduct the election and to receive all ballots until 10:00 a.m. on the election date. It is hereby acknowledged that the Clerk of the Board has on file the Resolution of Formation, a certified map of the boundaries of the CFD, and a sufficient description to allow the Clerk of the Board to determine the electors of the CFD. Pursuant to Section 53327 of the Act, the election shall be conducted by messenger or mail-delivered ballot pursuant to Section 4000 of the California Elections Code. This Board hereby finds that paragraphs (a), (b), (c) (1.) and (c)(3) of.Section 4000 are applicable to this special election. 4. Ballot. As authorized. by Section 53353.5 of the Act, the three propositions described in section 1 above shall be combined into a single ballot measure, the form of which is attached hereto as Exhibit "A" and by this reference incorporated herein and the form of ballot is hereby approved. The Clerk of the Board is hereby authorized and directed to cause a ballot, in substantially the form of Exhibit "A," to be delivered to each of the qualified electors of the CFD. Each ballot shall indicate the number of votes to be voted by the respective landowner to which the ballot pertains. Each ballot shall be accompanied by all supplies and written instructions necessary for the use and return of the ballot. The envelope to be used to return the ballot shall be enclosed with the ballot, have the return postage prepaid, and certain the following: (a) the name and address of the landowner, (b) a declaration, under penalty of perjury, stating that the voter is the owner of record or authorized representative of the landowner entitled to vote and is the person whose name appears on the envelope, (c) the printed name, signature and address of the voter, (d) the date of signing and place of execution of the declaration pursuant to clause (b) above, and (e) a notice that the envelope contains an official ballot and is to be opened only by the canvassing board of the election. 5. Waivers. This Board hereby further finds that the provisions of Section 53326 of the Act requiring a minimum of 90 days following the adoption of the Resolution of Formation to elapse before the special election are for the protection of the qualified electors of the CFD. There is on file with the Clerk of the. Board a written waiver executed by all of the qualified electors of the CFD allowing for a shortening of the time for the special election to expedite the process of formation of the CFD and waiving any requirement for notice, analysis and arguments in connection with the election. Accordingly, this Board finds and determines that the qualified electors have been fully apprised of and have agreed to the shortened time for the election and waiver of analysis and arguments, and have thereby been fully protected in these proceedings. This Board also finds and determines that the Clerk of the Board has concurred in the shortened time for the election. Analysis and arguments with respect to the ballot measures are hereby waived, as provided in Section 53327 of the Act 6. Accountability. Under Sections 50075.1 and 53410 of the Government Code, the following accountability measures shall apply to the special taxes and/or any bonds: (a) the construction and/or acquisition of the Facilities and the incidental costs thereof including any bonds, all as defined in the Resolution of Formation shall constitute the specific single purposes; (b) the proceeds shall be applied only to the specific purposes identified in (a) above; (c) there shall be created special account(s) or funds(s) into which the proceeds shall be deposited; and (d) there shall be caused to be prepared an annual report as required by Section 50075.3 or 53411 of the Government Code. 7. Effective Date. This Resolution shall take effect upon its adoption. PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the County of Contra Costa, State of California, on this 5th day of June, 2001, by the following vote to wit: AYES: SUPERVISORS GIOI.A, GERBER, DeSAULNIER, GLOVER and UILKEMA NOES: NONE ABSENT: NONE hair ATTEST: JUNE 5, 2001 John Sweeten County Administrator and Clerk of the Board of Supervisors By: De u lerk • � •13052-25 J Ii:D)(1:hrf 05/30/2001 RESOLUTION No . 2001 /244 A RESOLUTION OF FORMATION OF COMMUNITY FACILITIES DISTRICT COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) WHEREAS, On May 1, 2001, the Board of Supervisors (the "Board") of the County of Contra Costa (the "County") adopted a Resolution entitled "A Resolution of Intention to Establish a Community Facilities District" (the "Resolution of Intention") with respect to Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), of the County pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the "Act"); and WHEREAS, The Resolution of Intention incorporates a map of the proposed boundaries of the CFD, states the facilities to be provided, the cost of providing such facilities and the rate and method of apportionment of the special tax to be levied within the CFD to pay principal and interest on bonds proposed to be issued with respect to the CFD, and is on file with the Clerk of the Board and the provisions thereof are incorporated herein by this reference as if fully set forth herein; and WHEREAS, The facilities to be provided as stated in the Resolution of Intention are set forth in Exhibit A attached hereto and hereby made a part hereof, and WHEREAS, This Board noticed a public hearing to be held on June 5, 2001., all. pursuant to the Act and the Resolution of Intention relating to the proposed formation of the CFD; and WHEREAS, At the hearing all interested persons desiring to be heard on all matters pertaining to the formation of the CFD, the facilities to be provided therein and the levy of said special tax were heard and a full and fair hearing was held; and WHEREAS, At the hearing evidence was presented to this Board on said matters before it, including a report to be prepared by the Deputy Director-Redevelopment (the "Report") as to the facilities to be provided in the (-FD and the costs thereof, a copy of which is on file with the Clerk of the Board, and this Board at the conclusion of said hearing is fully advised in the premises; and WHEREAS, Written protests with respect to the formation of the CFD, the furnishing of specified types of facilities and the rate and method of apportionment of the special taxes have not been filed with the Clerk of the Board by fifty percent (50io) or more of the registered voters residing within the territory of the CFD or property owners of one-half (1/2) or more of the area of land within the CFD and not exempt from the proposed special tax; and r WHEREAS, The special tax proposed to be levied in the CFD to pay for the proposed facilities to be provided therein has not been eliminated by protest by fifty percent (50%) or more of the registered voters residing within the territory of the CFD or the owners of one-half (1/2) or more of the area of land within the CFD and not exempt from the special tax; NOW, THEREFORE, BE IT RESOLVED, As follows: 1. Recitals Correct. The foregoing recitals are true and correct. 2. No Majority Protest. The proposed special tax to be levied within the CFD has not been precluded by majority protest pursuant to section 53324 of the Act. 3. Prior Proceedings Valid. All prior proceedings taken by this Board in connection with the establishment of the CFD and the levy of the special tax have been duly considered and are hereby found and determined to be valid and in conformity with the Act. 4. Name of CFD. The community facilities district designated "Community Facilities District No. 2001-1 (Norris Canyon)" of the County is hereby established pursuant to the Act. 5. Boundaries of CFD. The boundaries of the CFD are as set forth in the map of the CFD heretofore recorded in the Contra Costa County Recorder's Office on May 15, 2001 in Book 68 at Page 35 of Maps of Assessment and Community Facilities Districts. 6. Description of Facilities. The type of public facilities proposed to be financed by the CFD and pursuant to the Act shall consist of those items listed as facilities in Exhibit A hereto and by this reference incorporated herein (the"Facilities"). 7. Special Tax. a. Except to the extent that funds are otherwise available to the CFD to pay for the Facilities and/or the principal and interest as it becomes due on bonds of the CFD issued to finance the Facilities, a special tax (the "Special Tax") sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property in the CFD, is intended to be levied annually within the CFD, and collected in the same manner as ordinary ad valoremn property taxes or in such other manner as may be prescribed by this Board.. b. The proposed rate and method of apportionment of the Special Tax among the parcels of real property within the CFD, in sufficient detail to allow each landowner within the proposed CFD to estimate the maximum amount such owner will have to pay, are shown in Exhibit B attached hereto and by this reference incorporated herein. C. In the case of any Special Tax to pay for the Facilities and to be levied against any parcel used for private residential purposes: (i) the maximum special tax shall be specified as a dollar amount which shall be calculated and thereby established 2 not later than the date on which the parcel is first subject to the tax because of its use for private residential purposes and which amount shall not be increased over time over two percent per year; (ii) the tax year after which no further Special. Tax subject to this sentence shall be levied or collected shall be as set forth in Exhibit B hereto; and (iii) under no circumstances will the Special Tax levied against any parcel subject to this sentence be increased as a consequence of delinquency or default by the owner of any other parcel within the CFD by more than ten percent. For the purposes hereof, a parcel is used for "private residential purposes" not later than the date on which an occupancy permit for private residential use is issued. 8. Increased Demands. It is hereby found and determined that the Facilities are necessary to meet increased demands placed upon local agencies as the result of development occurring in the CFD. 9. Responsible Official. The Auditor-Controller of the County, telephone number (925) 646-2181 is the officer of the County who will be responsible for preparing annually a current roll of special tax levy obligations by assessor's parcel number and who will be responsible for estimating future special tax levies pursuant to the Act. 10. Tax Lien. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code of California, a continuing lien to secure each levy of the special tax shall attach to all nonexempt real property in the CFD and this lien shall continue in force and effect until the special tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the tax by the County ceases. 11. Appropriations Limit. In accordance with the Act, the annual appropriations limit, as defined by subdivision (h) of Section 8 of Article X111 B of the California Constitution, of the CFD is hereby preliminarily established at $7,220,000 and said appropriations limit shall be submitted to the voters of the CFD as hereafter provided.. The proposition establishing said annual appropriations limit shall become effective if approved by the qualified electors voting thereon and shall be adjusted in accordance with the applicable provisions of the Act. 12. Acquisition Agreement. The Deputy Director-Redevelopment, or his designee , is hereby authorized and directed to enter into an Acquisition Agreement providing for the County's acquisition of the Facilities, in the form of agreement on file with said Deputy Director-Redevelopment and hereby approved with such additions or changes as he shall approve upon consultation with the County Counsel and the County's financial advisors and bond counsel. 13. Election. Pursuant to the provisions of the Act, the proposition of the levy of the special tax and the proposition of the establishment of the appropriations limit specified above shall be submitted to the qualified electors of the CFD at an election the time, place and conditions of which election shall be as specified by a separate resolution of this Board. 3 � 1.4. Effective Date. This resolution shall take effect upon its adoption. PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the County of Contra Costa, State of California, on this 5th day of June, 2001, by the following vote to wit: AYES: SUPERVISORS GIOIA, GERBER, DeSAULNIER, GLOVER and UILKEMA NOES: NONE ABSENT:NONE air ATTEST: June 5 , 2001 John Sweeten County Administrator and Clerk of the Board of Supervisors By: Depty6lerk 4 ' • • EXHIBIT A COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) DESCRIPTION OF FACILITIES TO BE FINANCED BY THE CFD DESCRIPTION OF FACILITIES The Facilities shown below are to be financed by the above-designated community facilities district (the "CFD") of the County of Contra Costa (the "County"). The Facilities shall include the attributable costs of engineering, design, planning and coordination, together with the expenses related to the issuance and sale of any special tax bonds, including underwriters' discount, appraisals, reserve fund, capitalized interest, bond counsel, special tax consultant, bond and official statement printing and all other expenses incidental thereto. The Facilities shall be constructed pursuant to plans and specifications approved by the County and by the respective officials of the other public entities that will own any of the Facilities. The widening of Norris Canyon Road, an existing County public road, to 34 feet. The sharper curves will be softened and new drainage facilities installed. The widening will start at the intersection of Bollinger Canyon Road and will continue a distance of over 7,700 feet. However, only that portion of Norris Canyon Road within Contra Costa County is included in the CFI). Such improvements will include: grading, pavement, curbs and gutters, rock shoulder, traffic signing and striping and street lights; construction of sanitary sewer mains, structures, fittings and appurtenances; construction of storm drainage pipes, catch basins, structures, fitting and appurtenances; construction of water distribution facilities and appurtenances; construction of joint utility distribution facilities for electrical, telephone, gas, cable, TV, including trenching, conduit and cable installation, pull and splice boxes, fittings and appurtenances, and relocation of overhead facilities; construction of landscaping and irrigation facilities, including soil preparation, landscape materials, irrigation pipes, fittings and appurtenances; required attendant public fees and design and construction engineering fees; and. acquisition of all.necessary interests in real property. Exhibit A Page 1 EXHIBIT B COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX Exhibit B Page l RESOLUTION Na - 2-001/246 A RESOLUTION DETERMINING NECESSITY TO INCUR BONDED INDEBTEDNESS COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) RESOLVED, by the Board of Supervisors (the "Board") of the County of Contra Costa (the "County"), State of California as follows: WHEREAS, On May 1, 2001, this Board adopted a resolution entitled "A Resolution of Intention to Establish a Community Facilities District" (the "Resolution of Intention") stating its intention to form the County's Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), pursuant to the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the "Act"); and WHEREAS, On May 1, 2001, this Board also. adopted a resolution entitled "A Resolution of Intention to Incur Bonded Indebtedness (the "Resolution of Intention to Incur Indebtedness") stating its intention to incur bonded indebtedness within the boundaries of the CFD for the purpose of financing the costs of certain facilities specified in the Resolution of Intention; and WHEREAS, This Board has held a noticed public hearing as required by the Act about the determination to proceed with the formation of the CFD, the provision of certain defined facilities (the "Facilities") by the CFC) and the rate and method of apportionment of the special tax to be levied within the CFD to pay the principal and interest on the proposed bonded indebtedness in the CFD and the administrative costs of the County relative to the CFD; and WHEREAS, Subsequent to the public hearing, this Board adopted a resolution entitled "A Resolution of Formation of Community Facilities District" (the "Resolution of Formation"); and WHEREAS, This Board has also held a noticed public hearing as required by the Act relative to the matters material to the questions set forth in the Resolution of Intention to Incur Indebtedness; and WHEREAS, No written protests with respect to the matters material to the questions set forth in the Resolution of Intention to Incur Indebtedness have been filed with the Clerk of the Board; W:Personal\EMAILDOCS\Resolution.norriscanyon.6.01 Lam• ' � • NOW, THEREFORE, BE IT RESOLVED, As follows: 1. Recitals. The foregoing recitals are true and correct. 2. Necessity. This Board deems it necessary to incur bonded indebtedness in the maximum aggregate principal amount of $7,220,000 within the boundaries of the CFD for the purpose of financing the costs of the Facilities, as provided in the Resolution of Intention and the Resolution of Formation including, but not limited to, the costs of issuing and selling bonds to finance the Facilities and the costs of the County in establishing and administering the CFD. 3. Entire CFD Liable. The whole of the CFD shall pay for the bonded indebtedness through the levy of the special tax. The tax is to be apportioned in accordance with the formula set forth in Exhibit"B" to the Resolution of Formation. 4. Bonds. Bonds in the maximum amount of $7,220,000 are hereby authorize subject to voter approval. The bonds may be issued in such series and mature and bear interest at such rate or rates, payable semiannually or in such other manner, all as this Board or its designee shall determine, at the time or times of sale of such bonds; provided, however, that the interest rate or rates shall not exceed the maximum interest rate permitted by applicable law at the time of sale of the bonds and the bonds or any series thereof shall have a maximum term of not to exceed forty years. 5. Election. The proposition of incurring the bonded indebtedness herein authorized shall be submitted to the qualified electors of the CFD and shall be consolidated with elections on the proposition of IE'vyi.ng special taxes within the CFD and the establishment of an appropriations limit for the CFID pursuant to Section 53353.5 of the Act. The time, place and further particulars and conditions of such election shall be as specified by separate resolution of this Board. -2- 6. Effective Date. This Resolution shall take effect upon its adoption. PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the County of Contra Costa, State of California, on this 5th day of June, 2001, by the following vote to wit: AYES: SUPERVISORS GIOI:A, GERBER, DeSAULNIER, GLOVER and UIT,KFMA NOES: NONE ABSENT: NONE Chair ATTEST: JUNE 5, 2001 John Sweeten County Administrator and Clerk of the Board of Supervisors 11,14 By: Dep ty erk -3- 13052-25 • JH:DJO:brf • 1/29/01 RESOLUTION NO. 2 0 01/2 4 5 A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF SPECIAL TAX BONDS, AND APPROVING AND AUTHORIZING RELATED DOCUMENTS AND ACTIONS COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) WHEREAS, The Board of Supervisors (the "Board") of the County of Contra Costa (the "County") has conducted proceedvlgs under and pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5 (commencing with Section 53311) of the California Government Code (the "Act"), to form Community Facilities District No. 2001-1 (NorrisCanyon) (the "CFD"), to authorize the levy of special taxes upon the land within the CFD, and to issue bonds secured by said special taxes the proceeds of which are to be used to finance certain public improvements (the "Facilities"), all as described in those proceedings; and WHEREAS, This Board. now wishes to provide for the issuance of the special tax bonds to finance the Facilities and related costs and expenses, and there have been submitted to this Board certain documents described below providing for the issuance of the special tax bonds for the CFD and the use of the procE,eds of those bonds, and this Board with the aid of its staff, has reviewed the documents and found them to be in proper order; and WHEREAS, There has also been submitted to this Board a form of preliminary Official Statement in connection with the marketing of such bonds and the Board, with the aid of its staff, has reviewed the preliminary Official Statement to assure proper disclosure of all material facts relating to such bonds that are in the personal knowledge of the Members of the Board and the County staff, and WHEREAS, All conditions, things and acts required to exist, to have happened. and to have been performed precedent to and in the issuance of the special tax bonds and the levy of the special taxes as contemplated. by this resolution and the documents referred to herein exist, have happened and have been performed in due time, form and manner as required by the laws of the State of California, including the Act; NOW, THEREFORE, BE IT RESOLVED, As follows: Section 1. Bonds Authorized. Pursuant to the Act, this Resolution and the Fiscal Agent Agreement (as defined in Section 3 hereof), special tax bonds designated the"County of Contra Costa, Community Facilities District No. 2001-1 (Norris Canyon) 2001 Special Tax Bonds" (the "Bonds") in all aggregate principal amount not to exceed Seven Million Two Hundred Twenty Thousand Dollars ($7,220,000) are hereby authorized to be issued. The Bonds shall be executed in the form, mature, be payable in the priorities and bear interest at the rates as provided in the Fiscal Agent Agreement. The Board hereby finds that the issuance of the Bonds is in compliance with the Act and applicable provisions of policies of the County relating to the Bonds. In furtherance of the issuance of the Bonds and pursuant to Section 53345.8 of the Act, the Board of Supervisors hereby finds and determines that the value of the real property that is subject to the special tax levied pursuant to the Act to pay debt service on the Bonds is at least three times the principal amount of the Bonds to be sold and the principal amount of all other bonds outstanding that are secured by a special tax levied pursuant to the Act on property within the CFD or a special assessment levied on property within the CFD, based upon an appraisal of the property within the CFD which meets the requirement of Section 53345.8 of the Act. Section 2. Authorities Granted. The County Administrator, the Director of Community Development, the Deputy Director-Redevelopment, the Auditor-Controller or such other official of the County as may be designated by either such officer pursuant to Section 8 hereof (each, an "Authorized Officer") is hereby authorized and directed to execute and deliver the documents approved herein in substantially the form on file with the Clerk of the Board, together with such additions or changes as are approved by such Authorized Officer upon consultation with the County Counsel and the County's financial advisors and bond counsel, including such additions or changes as are necessary or advisable to permit the timely issuance, sale and delivery of the Bonds, provided, however, that no additions or changes shall authorize an aggregate principal amount of Bonds in excess of Seven Million Ten Hundred Twenty Thousand Dollars ($7,220,000) or result in a maturity of the Bonds in excess of thirty one years. The approval of such additions or changes shall be conclusively evidenced by the execution and delivery by an Authorized Officer of the documents herein specified. The Board also approves the appointment of BNY Western Trust Company as Fiscal Agent, and authorized and directs the Authorized Officer to execute an agreement regarding its services with the Fiscal Agent. Section 3. Fiscal Agent Agreement. The Board hereby approves the form of the Fiscal Agent Agreement (the "Fiscal Agent Agreement") by and between the County and BNY Western Trust Company, as fiscal agent (the "Fiscal Agent") with respect to the Bonds, in substantially the form on file with the Clerk of the Board. The date, manner of payment, interest rate or rates, interest payment dates, denominations, form, registration privileges, manner of execution, place of payment, terms of redemption and other terms of the Bonds shall be as provided in the Fiscal Agent Agreement as finally executed and delivered. The terms and provisions of the Fiscal Agent Agreement, as executed, are incorporated herein by this reference as if fully set forth herein. An Authorized Officer is hereby authorized and directed to execute the Fiscal Agent Agreement on behalf of the County and the Clerk of the Board is hereby authorized and directed to attest thereto, subject to the terms of Section 2 hereof. Section 4. Official Statement. The Board hereby approves the Official Statement prepared in connection with the Bonds in substantially the form submitted to the Board, together with any changes therein or additions thereto deemed advisable by an Authorized Officer. The Board hereby approves and authorizes the distribution by the underwriter of the Bonds of the Official Statement to prospective purchasers of the Bonds, and authorizes and 2 directs an Authorized Officer on behalf of the County to deem the Official Statement "final" pursuant to Rule 15c2-12 under the Securities Exchange Act of 1.934 (the "Rule") prior to its distribution to prospective. An Authorized Officer is hereby authorized to offer the Bonds for sale pursuant to the terms contained in the Official Notice of Sale in substantially the form on file with the Clerk purchasers of the Bonds. The execution of the final Official Statement, which shall include then current financial information regarding the County and such other changes and additions thereto deemed advisable by an Authorized Officer and such information permitted to be excluded from the preliminary version of the Official Statement pursuant to the Rule, shall be conclusive evidence of the approval of the Official Statement by the County. Section 5. Continuing Disclosure. The Board hereby approves the form of the Continuing Disclosure Certificate with respect to the Bonds in substantially the form thereof attached to the Official Statement on file with the Clerk of the Board. An Authorized Officer is hereby authorized and directed to complete and execute the Continuing Disclosure Certificate on behalf of the County with such changes, additions or deletions as may be approved by the Authorized.Officer in consultation with the County's financial advisor and bond counsel. Section 6. Sale of Bonds The Board hereby approves the sale of the Bonds by negotiation with Stone & Youngberg as underwriter (the "Underwriter"). The Bonds shall be sold pursuant to a Bond Purchase Agreement (the "Bond Purchase Agreement") by and between the County and the Underwriter in the form on file with the Clerk of the Board, together with any changes therein or additions thereto approved by the Authorized Officer, whose execution thereof shall be conclusive evidence of such approval of any such additions and changes. The Bond Purchase Agreement shall be executed in the name and on behalf of the County by the Authorized Officer upon submission of a proposal by the Underwriter to purchase the Bonds; provided, ho7vever, that such proposal is acceptable to the Authorized Officer and is consistent with the requirements of this Resolution. The amount of Underwriter's discount shall be not more than two percent (2%) of the par amount of the Bonds and the true effective rate of interest to be borne by the Bonds (taking into account any original issue discount on the sale thereof) shall not exceed seven percent (7%) per annum. Section 7. Bond Delivery. Upon execution of the.Bond Purchase Agreement, the Bonds shall be prepared, executed and delivered to the Fiscal Agent for authentication, all in accordance with the terms of thereof. The Fiscal Agent, an Authorized Officer and other responsible officers of the County are hereby authorized and directed to take such actions as are required to cause the delivery of tine Bonds upon receipt of the purchase price thereof. Section 8. Actions Authorized. All actions heretofore taken by the officers and agents of the County with respect to tine establishment of tine CFD and. the sale and issuance of the Bonds are hereby approved, confirmed and ratified, and the appropriate officers of the County are hereby authorized and directed to do any and all things and take any and all actions and execute any and all certificates, agreements and other documents, which they, or any of diem, may deem necessary or advisable in order to consummate the lawful issuance and delivery of the Bonds in accordance with this resolution, and any certificate, agreement, and other document described in the documents herein approved. All actions to be taken by an Authorized Officer, as defined herein, may be taken by such Authorized Officer or any designee, with the same force and effect as if taken by the Authorized Officer. 3 Section 9. Effectiveness. This resolution shall take effect from and after its adoption. The provisions of any previous resolutions in any way inconsistent with the provisions hereof in and for the issuance of the Bonds as herein described are hereby repealed. PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the County of Contra Costa, State of California, on this 5th day of June, 2001, by the following vote to wit: AYES: SUPERVISORS GIOIA, GERBER, DeSAULNIER, GLOVER and UILKEMA NOES: NONE ABSENT: NONE • Chair ATTEST: JUNE 5, 2001 John Sweeten County Administrator and.Clerk of the Board of Supervisors By: _ Deput C rk 4 REESOLUTION Nta : 2001/243 A RESOLUTION DECLARING RESULTS OF SPECIAL ELECTION AND DIRECTING RECORDING OF NOTICE OF SPECIAL TAX LIEN COUNTY OF CONTRA COSTA Corninunity Facilities District No. 2001-1 (Norris Canyon) WHEREAS, The Board of Supervisors (the "Board") of the County of Contra Costa (the "County") has adopted a resolution entitled "A Resolution of Formation of Community Facilities District" (the "Resolution of Formation"), ordering the formation of the County's Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), authorizing the levy of a special tax on property within the CFD and preliminarily establishing an appropriations limit for the CFD, all pursuant to the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 of Part 1 of Division 2 of Title 5, comnnencing with Section 533"11, of the California Government Code (the"Act"); and. WHEREAS, This Board has also adopted a resolution entitled "A Resolution Determining the Necessity to Incur Bonded Indebtedness" (the "Resolution Determining Necessity"), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $7,220,000 upon the security of the special tax to be levied within the CFD pursuant to the Act; and WHEREAS, Under the provisions of the Resolution of Formation and the Resolution Determining Necessity and pursuant to a Resolution Calling Special Election (the "Election Resolution") heretofore adopted by this Board the propositions of the levy of the special tax, the establishment of the appropriations limit and the incurring of the bonded indebtedness were submitted to the qualified electors of the CFD as required by the provisions of the Act; and WHEREAS, Pursuant to the terms of the Election Resolution, which are by this reference incorporated herein, the special election has been held and the Clerk of the Board has on file a Canvass and Statement of Results of Election (the "Canvass"), a copy of which is attached hereto as Exhibit A; and WHEREAS, This Board has reviewed the Canvass, funds it appropriate and wishes to complete its proceedings for the CFD; NOW, THEREFORE, BE IT RESOLVED, As follows: 1. Recitals. The foregoing recitals are all true and correct. W:Personal\EMAILDOCS.Resolution.Declarenorric.anyon.6.0"l 2. Issues Presented. The issues presented at the special election were the levy of a special tax within the CFD the incurring of a bonded indebtedness in the maximum aggregate principal amount of $7,220,000, and the approval of an annual appropriations limit of not to exceed $7,220,000 all pursuant to the Resolution of Formation and the Resolution Determining Necessity. 3. Canvass and Issues An .rp owed. The Board hereby approves the Canvass and finds that it shall be a permanent part of the record of its proceedings for the CFD. Pursuant to the Canvass, the issues presented at the special election were approved by the qualified electors of the CFD by more than two-thirds (2/3) of the votes cast at the special election. 4. Proceedings Approved. Pursuant to the voter approval, the CFD is hereby declared to be fully formed with the authority to levy the special taxes, to incur the approved bonded indebtedness and to have the established appropriations limit, all as heretofore provided in these proceedings and u1 the Act. It is hereby found that all prior proceedings and actions taken by this Board with respect to the CFD were valid and in conformity with the Act. 5. Notice of Tax Lien. The Clerk of the Board is hereby directed to complete, execute and cause to be recorded in the office of the County Recorder of the County of Contra Costa a notice of special tax lien in the form required by the Act, such recording to occur no later than fifteen (15) days following adoption by the Board of this resolution. 2 6. Effective Date. This Resolution shall take effect upon its adoption. PASSED AND ADOPTED at the regular meeting of the Board of Supervisors of the County of Contra Costa, State of California, on this 5th day of June, 2001, by the following vote to wit: AYES: SUPERVISORS GIOIA, GERBER, DeSAULNIER, GLOVER and UILKEMA NOES: NONE ABSENT: NONE Chair ATTEST: June 5 , 2001 John Sweeten County Administrator and Clerk of the Board of Supervisors By: �t1 Depu t. Cl r 3 CANVASS AND STATEMENT OF RESULT OF ELECTION COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) I hereby certify that on June 5, 2001, 1 canvassed the returns of the election held on June 5, 2001, in the Community Facilities District No. 2001-1 (Norris Canyon) of the County of Contra Costa and the total number of ballots cast in said District and the total number of votes cast for and against the measure are as follows and the totals as shown for and against the measure are full, true and correct: Qualified Landowner Votes Votes Cast YES NO Community Facilities District No. 2001-1 390 390 390 0 (Norris Canyon) of the County of Contra Costa, Special Tax Election June 5, 2001. BALLOT MEASURE: Shall the County of Contra Costa incur an indebtedness and issue bonds in the maximum aggregate principal amount of$7,220,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), the proceeds of which bonds will be used for the specific purpose of acquiring and/or constructing certain facilities and pay for the costs of issuing the bonds and related expenses, subject to guaranteed annual audits; shall a special tax payable solely from lands within the CFD be levied annually, commencing in the County's fiscal year 2001- 2002, upon lands within the CFD to pay for the principal and interest upon such bonds and pay the costs of the County in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of$7,220,000? IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this 51, day of June, 2001. By: ILUPU Clerk f th Board 1 COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) OFFICIAL BALLOT SPECIAL TAX ELECTION This ballot is for a special, landowner election for the County of Contra Costa, Community Facilities District No. 2001-1 (Norris Canyon). You must return this ballot in the enclosed postage paid envelope to the office of the Clerk of the Board of Supervisors of no later than the hour of 10:00 a.m. on Tuesday, Tune 5, 2001, either by mail or in person. The Clerk of the Board's office is located at 651 Pine Street,Martinez,California 94553-0095. To vote, mark a cross (X) on the voting line after the word "YES" or after the word "NO." All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the Clerk of the Board and obtain another. BALLOT MEASURE: Shall the County of Contra Costa incur an indebtedness and issue bonds in the maximum aggregate principal amount of not to exceed $7,220,000 with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), the proceeds of which bonds will be used for the specific purpose of acquiring and/or constructing certain facilities and pay for the costs of issuing the bonds and related expenses, subject to guaranteed annual audits; shall a special tax payable solely from lands within the CFD be levied annually, commencing in the County's fiscal year 2001-2002 upon lands within the CFD to pay for the principal and interest upon such bonds and pay the costs of the Comity in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of$7,220,000? YES: X NO: Number of Votes: 390 Property Owner: Toll Land XXII Limited Partnership COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) CERTIFICATE OF MAILING BALLOT FOR SPECIAL LANDOWNER ELECTION I, Brenda R. Foster, the undersigned, of Jones Hall, A Professional Law Corporation, under penalty of perjury, certify as follows: That for and on behalf of the Clerk of the Board of Supervisors of the County of Contra Costa (the "County"), on May 18, 2001, I caused to be mailed the Official Ballot for special landowner election, postage prepaid, to all qualified electors in the County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) whose names and addresses appear on the last equalized assessment roll for general taxes, or are known to said Clerk, at their respective addresses as the same appeared on said roll or as known to said Clerk, a copy of which Ballot is hereto attached and marked "Exhibit A". With respect to any real property for which the names and/or addresses as appeared on said roll and as known to said Clerk were not the same, the notice for such property was so mailed to both names and/or addresses. Executed on May 18, 2001 COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) OFFICIAL BALLOT SPECIAL TAX ELECTION This ballot is for a special, landowner election for the County of Contra Costa, Community Facilities District No. 2001-1 (Norris Canyon). You must return this ballot in the enclosed postage paid envelope to the office of the Clerk of the Board of Supervisors of no later . than the hour of 10:00 a.m. on Tuesday,June 5, 2001, either by mail or in person. The Clerk of the Board's office is located at 651 Pine Street,Martinez,California 94553-0095. To vote, mark a cross (X) on. the voting line after the word "YES" or after the word "NO." All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear; or deface this ballot, return it to the Clerk of the Board and obtain another. BALLOT MEASURE: Shall the County of Contra Costa incur an indebtedness and issue bonds in the maximum aggregate principal amount of not to exceed $7,220,000 with interest at a rate or rates not to exceed the maximum interest rate permitted by law at the time of sale of such bonds on behalf of Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD"), the proceeds of which bonds will be used 'for the specific purpose of acquiring and/or constructing certain facilities and pay for the costs of issuing the bonds and related expenses, subject to guaranteed annual audits; shall a special tax payable solely from lands within the CFD be levied annually, commencing in the Colony's fiscal year 2001-2002 upon lands within the CFD to pay for the principal and interest upon such bonds and pay the costs of the County in administering the CFD, and shall the annual appropriations limit of the CFD be established in the amount of$7,220,000? YES: NO: Number of Votes: 390 Property Owner: Toll Land XXII Limited Partnership 0 OFFICE OF THE CLERK OF THE BOARD COUNTY OF CONTRA COSTA 651 Pine Street Martinez, California 94553-0095 May 18,2001 Toll Land XXII Limited Partnership c/o Toll CA GP Corp. 100 Park Place, Suite 140 San Ramon,CA 94583 Attention: Mr. Michael S. O'Hara Re: County of Contra Costa, Community Facilities District No.2001-1 (Norris Canyon) Dear Property Owner: On May 1, 2001, the County of Contra Costa (the "County") began the process for formation of the above-referenced community facilities district (the "CFD") which includes your property. The next steps in this process are the public hearings on establishment of the CFD and the incurring of bonded indebtedness and the property owner election, which will take place at the Board of Supervisors (the "Board") meeting on June 5, 2001. In connection with the hearings and the election,enclosed please find the following: 1. Notices of Hearings. These notices describe the public hearings which are set for June 5,2001. 2. Proposed Resolution of Formatiat. This is the resolution that the Board proposes to adopt after the hearings. It will form the CFD,subject to a favorable property owner.vote with respect to the levy of the special tax. The facilities to be financed by the CFD are described in Exhibit A and the method of special tax apportionment is set forth as Exhibit B. Please review both exhibits carefully to see what is being financed and how the special tax will affect your property. If the CFD process is completed, this tax will be recorded. against your property. 3. Official Ballot. This is the ballot that you must use to vote for the special tax and the bonds for the CFD for your property. Each owner has one vote for each acre of land or portion of an acre of land he or she owns in the CFD. The number of your votes is shown in the lower right corner of the ballot. If you feel that the number of votes is not correct, contact the person shown below immediately upon receipt of the ballot. Otherwise,mark your ballot and send it to the County in the enclosed ballot envelope. 4. Official Ballot Envelope. Enclosed is the official ballot in this envelope. Complete and sign the upper left comer of the envelope, then either mail it or return it in person to the Clerk of the Board as soon as possible,but in any event,not later June 5,2001. The Clerk's address is shown on the envelope. The ballots will be counted at the Board meeting on June 5, 2001. If there is approval by 2/3rds of the votes cast, the County will proceed with the issuance of the bonds to finance for the CFD. The election date cannot be postponed, continued or extended, so please be sure that your ballot is received by the Clerk of the Board no later than June 5, 2001 so that the election and formation process can be completed on June 5,2001. Very truly yours, .14* d/ Clerk of the Board of Supervisors County of Contra Costa Enclosures RECEIVED JONES HAIL MAY 2 12001 A PROFL•SSIONAL LAW GORPORATION ATTORNEYS AT LAW CLERK BOARD OF SUPERVISORS CONTRA COSTA CO. CLIA R1.ES F.ADAMS 650 CALIFORNIA STREET STEPHEN R.CASALEGGIO EIGHTEENTII FLOOR THOMAS A.DOWNEY SAN FRANCISCO,CA 941.08 DAVID T.FAMA SCOTT R.FERGUSON TELEPHONE ANDREW C.HALL.JR. (416)391-5760 COURTNEY I..JONES FACSIMILE WILLIAM J.KADI (415)391-6784 WILLIAM H.MADISON STEPHEN G.MELIXIAN HOMEPAGE hnp://www.jhhw.com DAVID J.OSTER May 18, 2001 DAVID A.WALTON AENNErH L JONES,OF COUNSEL Mr.John Sweeten Clerk of the Board of Supervisors County of Contra Costa 651 Pine Street Martinez, CA 94553-0095 Re: County of Contra Costa, Community Facilities District No. 2000-1 (Norris Canyon) Dear Mr. Sweeten: Enclosed please find a form of Certificate of Mailing Ballot For Special Landowner Election for your files in connection with the above-captioned project. V��y truly yours, LQJ:��4 — David J. Oster DJO:brf Enclosure L.SCA 1 ! -1 i LEGAL PUBLICATION REQUISTION Contra Costa County From: Clerk of the Board To: Contra Costa Times 651 Pine St., Room 106 PO Box 5124 Martinez, CA 94553 Walnut Creek,CA 94596 Requested by: . !ice Date: 'J Phone No: 3`73 6 -/�;0 5" Reference No: _512A Org: - Sub Object: . ZY Task: Activity: Publication Date (s): ?�g oo/ No. of Pages: V r LEGAL PUBLICATION- . Notice. of Public Hearing Re Incurring Bonded-3ebt for County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) Please return TWO original affidavits of publication. Thank you. •**$Immediately upon expiration of publication,**** send in one affidavit for each publication in order that the auditor may be authorized to pay your bill. Authorized Signature: Please confirm date of publication & receipt of this fax. SQA LEGAL PUBLICATION REQUISTION �.._ Contra Costa County 5 6� From: Clerk of the Board To: Contra Costa Times 651 Pine St., Room 106 PO Box 5124 Martinez, CA 9455:3 Walnut Creek,CA 94596 Requested by: ,rJ ,t tz: fy-16I& 0"� Date: 115--651 Phone No: 3 h���� Reference No: Org: ,f/Or2 Sub Object: 42 Task: Activity: Publication Date (s): 'y No. of Pages: &y���h LEGAL PUBLICATION- . Notice of Public Bearing re Establishment of County of . of Contra Costa Community Facilities District No. 2001-1(Norris Canyon) Please return TWO original affidavits of publication. Thank you. ****Immediately upon expiration ofpublication,*• send in one affidavit for each publication in order that the auditor may be,authorized to pay your bill. Authorized Signature: Please confirm date of publication & receipt of this fax. SEA `fit• .. �� 7:- LEGAL PUBLICATION REQUISTION cs� Contra Costa County ars- 6V;z" From: Clerk of the Board To: Contra Costa Times 651 Pine St., Room 106 PO Box 5124 Martinez, CA 94553 Walnut Creek,CA'94596 Requested by: . �i�.u�. Dater ;5 Phone No: 3 6 -/�Fa 6- Reference No: Org: Sub Object: Task: Activity: Publication Date (s): civ No. of Pages: c"we(- LEGAL PUBLICATION- . Notice of . Public. Hearing Re Incurring BondedJebt for County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) Please return TWO original affidavits of publication. Thank you. ••"Immediately upon expiration of publication,**** send in one affidavit for each publication in order that the auditor may be authorized to pay your bill. Authorized Signature:Please confirm confrm date of publication & receipt of this fax. SEA LEGAL PUBLICATION REQUISTION - Contra Costa County ��.' ►`rte From: Clerk of the Board To: Contra Costa Times 651 Pine St., Room '106 PO Box 5124 Martinez, CA 94553 Walnut Creek,CA 94596 Requested Date: Phone No: 335- lid 5 Reference No:- mal Org: Sub Object: Task: Activity: Publication Date (s): `n g U . No. of Pages: LEGAL PUBLICATION- Notice of Public Hearing re Establishment of County of of Contra Costa Community Facilities District No. 2001-1(Norris Canyon) Please return TWO original affidavits of publication. Thank you. '••*Immediately upon expiration of publication,*••• send in one affidavit for each publication in order that the auditor may be authorized to pay your bill. Authorized Signature: Please confirm date of publication & receipt of this fax. .. . • • PROOF OF PUBLICATION cllides District, statin its (2015.5 C.C.P.) Intention to fo m the Coun- (of Contra Costa Commu- ne.yy Facilities District N. STATE OF CALIFORNIA 20 1-1(Nems.nt o i1he CFD 11 pursuant to the Madl 4os Communk, Fa- County Of Contra Costa cilities Act of 1982, as amended Chaptcr 2.5 of Part 1 of dNlslon 2 of Ttle 5 I am a citizen of the United States and a resident of the of the California Govem- ment Code(the"Act"),for County aforesaid; I am over the age of eighteen years, and the purpose of financing certainpubllc Improve- not a party to or interested in the above-entitled matter. menta(the"Facilities")as further provided in that I am the Principal Legal Clerk of the Contra Costa Times, a tWHEElREAS and this Board es- newspaper s- news a er of general circulation, printed and published at tlmates the amount re- quired for the financing of a 2640 Shadelands Drive in the City of Walnut Creek, County portion of the costs o the so litles to be the sum of of Contra Costa,94598. not to exceed 57,220,000; and WHEREAS,In order to fi- And which newspaper has been adjudged a newspaper of nance a portion of,the 1 gcosts of the Facilities it is general circulation by the Superior Court of the County of necessary to Incur bonded Contra Costa, State of California, under the date of October amountdof of toe"exceed 22, 1934.Case Number 19764. th6CFOD000 on behalf of NOW THEREFORE,IT IS The notice, of which the annexed is a printed copy (set in ORDERED as follows:1.Bonded Debt.it .Is type not smaller than nonpareil) has been published in each necessary to Incur.bonded Indebtedness within the regular and entire issue of said newspaper and not in any boundaries of the proposed susupplement thereof on tho fo!low!n dates,to-wit. CFD in the amount o up t pp g 57,220,600 to finance the costs of a portion of the Fa- cilities. May 24 Du.bold 2. Purpose of bonded Debt.The bonded all in the year Of 2001 toindebtednessbenurse is proposed to Incurred for the sed y pur- pose of financing the costs of the Facilities, Including I certify (or declare) under penalty of perjury that the acquisition and improve- mentcostsandallcostsIn- foregoing IS true and Correct. with the accomplishment of said purposes and of the financing thereof, as per- Executed at Walnut Creek,California. mitted by Section 53345.3 On this 24 day of May 2001 of 3t.To ms of Bonds.This t- Board acting as legislatNo body for the CFD intends .... ....... ..... ..... .. .. .... ..... ...................... to authorize the Issuance and sale ofbondsin the Signature cIp amount oregale not io ex- ceed S7,220,000, bearing Contra Costa Times interest payable such semi-an- nually O Box 4147 ner as this Board shall de- Walnut Creek,CA 94596 termine, at a rare not to exceed the maximum rate (925)935-2525 of Interest as may be au- thorized by applicable law at the time of sale or such Proof of Publication Of: bonds,end maturing not to exceed 40 years from the , (attached is a copy of the legal advertisement that published) dateof the issuance of the bonds..Public Hearing.Tues- day,June 5,2001,at 10:00 a.m.,or as soon as possi- ble thereafter irr th"bard Chambers,6�1 Pine Street, Martinez, California, be, , and the same are hereby , appointed and fixed as the time and pace when and where this Board,as legis- lative body for Ne CFD,will l conduct a public hearing I on the proposed debt issue . end consider end finally de- termine whether the public NOTICE OF Interest, convenience and PUBLIC HEARING necessity require the issu- Re Incurring ante of bones of the Coun- Bonded Debt for ty on behalf of the CFD. COUNTY OF 5• Notice of Hearing. CONTRA COSTA The Clerk of the Board Is COR`muf11 Facilities hereby directed to cause ^ District No.2001-1 to be given&y publication . g publlcatlon (Norris Canyon) one time in a newspaper of l Notice is herebygiven that general circulation CIrculat- ori within the CFD. The on May 1,2001 theBoard I publication of the notice of Supervisors o)the Coun- shall be completed at(bast ' tv of Contra Costa (the seven(r)days before the t frCounty) pursuant to the dale specified above for Mello-FRoos Community Fa- the public hearing. The I cilities. Act of 1982 (the aerk of the Board shall id- so cause notice of the I 'Act") adopted a Resolu-hearing to be given to each I tion entitled A Resolution proparty owner virion the of Intention To Incur Bond-CFD by first class mail, ed Indebtedness" relating poslogo prepaid to each to County Of Contra Costa suchowner's addresses az I It a pear on the most re- Communittyy Facilities Dis=ten fax records or Contra t tflct No.2001-1(Nems Can-costa Countv or of other- t yon).Under the=Can- the ise known tg the slant or Resolution, the County the Board to be correct. C.At that time and place in- hereby Ives notice as for-Such meiling.shall be com-. any.person Interested, in- Y 9 plated not less than fifteen eluding persons owning lows: days before the date of the t A. Thecomplete text of hearing.Each of the node- property in the area of the said Resolution of Intention es shall ba substantially in roposed community facili- Is as follows: the fon,ba In Soc- ties district, will be heard tion 53346 of the Act.-,,,.__! upon the proposed debt Is RESOLVED, by the a The time and lace es- ! Board of Supervisors (the bllshed under the above sue. "Board"1 of the County of esgludon for the public Dated as of May 1 2001 Contra Costa fthe Coun- eating required under the John bweeten �" State of California, ct ere Tuesday, June 5 County Administrator and 001,at the hour of 10:Od Clerk of the Board o1 Su- 1.m.m.Or as soon as possible ervlsors WHEREAS,this Board'hereafter, at, the regular P Isl June L.MCHuen has this date adopted its eating place or the Board Resolution of Intention to f Supervisorsof the Coun- Deputy C Establish a Commune Fa- bel the Boa d Chem- Le al CCT 2068 tY a s;6"�t Pine Street,Mar- 1 Publish May 24,2001 iomis .....+..,,..... F PROOF OF PUBLICATION (2015.5 C.C.P.) (Norris Canyon). Under the Ir p County Act and that Resolution the t+ nut from Coun Consul- I County hereby gives notice r, tants, and by reference to as follows: . fl relevant materials and In- STATE OF CALIFORNIA A.The text of the body of tl formation promulgated by County of Contra Costa the.Resolution is as follows: the State of California. RESOLVED, by the r 2.NAME OF CFD. The Board of Supervisors (the c name proposed for the I am a citizen of the United States and a resident of the "Board" of the County of I; community facilities district Count aforesaid; I am over the a of eighteen ears, and Contra Costa (the."Coun- ( Is County of Contra Costa Y 9 9 Y ty')�State of California that: .t Community Facilities Dls- not a party to or interested in the above-entitled matter. WHEREAS, under the ( trict No. 2001-1 (Norris Mello-Roos community Fa- Canyon)(the"CFD."). cllities Act of 1982 as r 3.Boundaries De- I am the Principal Legal Clerk of the Contra Costa Times, a amended (the Act"), t scribed.The proposed newspaper of general circulation, printed and published at Chapter 2.5 of Part 1 of DI- I boundaries of the CFD are vislon 2 of Tltle 5, com- t as shown on the map of It 2640 Shadelands Drive in the City of Walnut Creek, County mencing at Section 53311, E on file with the Clerk of the of Contra Costa,94598. or the Callfomla Govern- t Board, which boundaries ment Code, this Board Is I are hereby preliminariy ap- authorized to establish a r proved and to which map And which newspaper has been adjudged a newspaper of community facilities district f reference Is hereby made and to act as the legislative I for further particulars. The general circulation by the Superior Court of the County of body for a community facll- , Clerk of the Board Is hereby Contra Costa, State of California, under the date of October Ities district and c directed to record or 22, 1934.Case Number 19764. WHEREA§,this Board, I cause to be recorded,the having' pe received titions I map of the boundaries of from the owners of not less the CFD In the office of the The notice, of which the annexed is a printed copy (set in than 10% of the area of , Contra Costa County Re- land proposed to be Includ- I corder within fifteen days type not smaller than nonpareil), has been published in each ed in the proposed com- prior to the public hearing regular and entire issue of said newspaper and not in any munity facilities district, specified below. supplement thereof on the followingdates,to wit: now desired to proceed 4.Facilities.The type of with the establishment of a communityfacilities district public a facilities proposed to May 24 be financed by the CFD In order to finance costs of and pursuant to the Act public infrastructure neces- shall consist of those listed sary or incident to develop- as facilities on Exhibit A all in the year of 2001 ment in the area of the hereto and hereby Incorpo- NOTICE OF County Known as Norris rated herein (the "Faclli- PUBLIC HEARING Canyon (also known as ties"). The Board hereby I certify (or declare) under penalty of perjury that the Re Establishment of Wiedemann Ranch). des rmi necessathe ry tomeetforegoing is true and correct. COUNTY OF NOW THEREFORE, 'R CONTRA COSTA IS ORDERED as follows: . increased demands placed Community Facilities 1.Authority.This Board upon local agencies as the Executed at Walnut Creek,California. District No.2001-1 proposes to conduct pro- result of development oc- On this 24 da of May 001 (Norris.Canyon) ceedings to establish a curring within the CFD. Y Y r community facilities district The Deputy Director-Re- Notice is hereby given that pursuant to the Act.The FI- development or any other on May 1,2001 the Board nancing Policies for Com- appropriate officer of the of Supervisors (the munity Facilities District County Is hereby autho- $ig tura "Board" of the County of adopted by the Board on rized and directedto enter Contra �osta (the "Coun- September 13 1994(the Into join community facill- ')pursuant to the Mello- Policies") shaft apply to ties agreements (which ttyy Contra Costa Times Reos Community Facilities the proceedings hereinafter may be In the form of an P O Box 4147 Act..of 1982 (the "Act"), initiated,which Policies are Acquisition Agreement) by adopted a Resolution enti- hereamended to provid- with any entity that will own Walnut Creek,CA 94596 tled"A Resolution of Inten- ed that the definitions, or operate any of the Facill- (925)935-2525 tion To Establish A Com- standards and assump- ties, as may be necessary munity Facilities District" tions to be.used for ap- to corn with the provf- relating the County of Con-l praisals shall be deter- sions of Section 53318.2(a) Proof of Publication of: tra Costa Community Facil- mined by County staff on a and (b) of the Act. The (attached is a copy of the legal advertisement that published) ities District No. 2001_1 case-by-case basis, with Boarrdjhet by declares sthat The Board reserves to itself the right and authority to al- low :rtcrestnd cwner of property in the CSD,sub- 1�ect to the Prov,sions of Section 53344.1 of the Act and as it may otherwise im- pose, and any appplicable prepayment penalties as prescribed in the indenture or fiscal agent agreement for any bonds of the County for the CFD, to lender to the Treasurer of the County in full payment or part pay- ment of any installment of special taxes or the Interest or penalties thereon which may be due or de inqquent, but for which ablll has been received any bond or other obligation secure thereby,in the manner de- scribed in Section 533441. o1 the Act. 9.CFD Report.Tne Depu- ty Director-Redevelop- ment,as the officer having chore and control of the FAcl:ities In and for the CFD, or the designee of such officer, is hereby di- rected to study said pro- posed Facilities and to make, or cause to be made,and file with Clerk of The Board a report in writ- ing, (the "CFD Report") presenting9 the followinp (a) A description of the Facllities by type which will be required tc adequately meet the needs of the CFO. (b)An estimate of the fair and reasonable cost of the Facilities including the cost of acquisition of lands, rights-of-way, and ease- ments,any physlcal facill- tles required in conjunctlon therewith andincidental expenses In connection _ therewith includingthe costs Of the proposebond py For a complete co of the financing and all other ro- Resolution, including the rated costs asprovided In Exhibits thereto, contact Section 53345.01 the Act. the Clerk of the Board of The CFD Report shall be Supervisors of the County made a part or the reco d of Contra Costa at 651 Pine of the public hea�inp speci- Street, 1st Floor, Martinez, fled below. California 94553. 10.Public Hearing.Tues- day,June 5,2001 at 10:00 a.m.or As soon as possible -B.-The time and place es- thereafter, in the Board tablished under the above Chambers,651 Pine Street, Resolution for the public be beneficial to residents In Martinez, California, be, hearingrequired under the the area of the CFD. subdivisions thereof, shall and the same Eire hereby 5. Special Tax. Except be omitted from the levy of appointed and fi<ed as the Act are Tuesday, June 5 to the extent that fund.. the Special Tax to be made time and place when and 2001, at the hour of 10:06 are otherwise available to cover the costs and ex- where this Board,as legis- a.m.or as soon as possible to the CFD to a for the penses of the Facilltles and lative body for the CFD,will thereafter, at, the regular pay the CFD.In the event that a' conduct a public hearing meeting place of the Board Facilities and/or the prin- on the establishrnent of the clpal and Interest as It portion of the property CFo end consider and fl- of Supervisors of the COun- be.omee due on bonds within the CFD shall be- nally determine whether ty,being the Board Cham- issued b the County for come for any reason ex- the public Interest,cone- bers,651 Pine Street,Mar- tha CFD to construct empt wholly or In part nlence and necessity re- tinez,Califomia. and/or acquire the Feclll- from(he levy of the Speclat quire the fo ma:ion of me C.At said hearing,the tes- Tax,this Board will,on be- CFD and the levy of the timony of all interested per- tles, a s acral tax the S ecial Tax. p half of the CFD, Increase p sons or taxpayers for or Specl..l Tax" euftlC ant Notice of Hearin The Y to pay the costs thereof, the levy to the extent nec- Clerk of the Boardish hereby against the establishment secured by recordation essary upon the remainlng directed to cause notice of of the CFD, the extent of property within the CF the public hearin to be the furnishingof the specif- of a continuing Ilan g against all non-exempt which Is not exempt in or- gNen by.public:aoon one is types of acilities..will be real property In the CFD der to yield the required time In a newspaper utr heard.Any person interest- age be levied annually debt service payments end lisned In the area ofPthe ed may file a,protests in other annual expenses of CFD.The public:ation shall writing as provided in Sec- within the CFD,and col- the CFD, if any,subject to be completed at least sev- tion 53323 of the Act.If the lected In the came man- en da s before the date Of the provisions of the rate r owners of one-half or more ner as this Board or Its the above. lie hearing specified designee shall deter- and method of apportion- above. mo Clerk of the to the area of land b the mine, Including direct merit of the The levy Tax. Board shall also cause no- territory proposed to be in- mine, of the affected 7r Election.The levy of the rice of the hearing p to be eluded in the CFD file writ- billing Special Tex shall be sub- given within each propany ten protests against the es- property owners. The ect to the approval of the first w!s the CFD tabllshment of the CFD and oroos p rate and meth- 1 first class mail, postage d o} apportionment of qualified electors of the prepaid,to each suh own- the protests are not with- the Special Tax among CFD at a special election. ces addresses as It ap- drawn to reduce the value the parcels of real prop- The proposed voting pro- ears on the most recent of the protests to less than arty within the CFD In cedure shall be by malleo �ex records of Contra Costa a majority,the Board of Su- su ficlent detail to allow or hand-dellvered ballot County or as otherwise ppervisors shall take no fur- each landowner within among the landowners In known to the Clerk of the ther action to establish the the proposed CFD, with Board to be correct.Such CFD for a period of one the proposed CFD to e9- mailing shall be completed timate the maximum each owner having one not less than fifteen do y5 ear from.the date of said vote for each acre or por- amount such owner will before the date of the pub- Baring and if the majority have to pay are de- tion of an acre such owner IIc hearing.Each Of the no- protests of the landowners scribed In Exhibit B et- owns In the CFD. tices shall be substantially are only against the fumish- tached hereto and here-. Special Tax Bonds.It Is In the form specilled In . Ing of a type or.types of Section 53322 of the Act. h C by Incorporated herein. the Intention of this Board, 1 z AP ointment of con• facilities wit in the FD or j actin as the legislative against levying a specif ed sultan The fine of Stone This Board hereby finds body or the CFD,to cause a Youngberg Lt.0 is hereby special tax, those types of that the provislons of bonds of the County to be designated as Underwriter facilities or the specified S e c t I o .53 3 1 3.6 Issued for the CFD pursu- for "CFD,Jones Hall,A special tax will be eliminat- 53313.7 and 53313.6 of ant to the Act to finance In Professional Law Corpora- ed from theproceedings to the Act (relating to ad- whole or Irl part the con-I tion Is hereby designated form the CFD. justments to ad valorem. structlon and/or acquisition as bond counsel for the D. The proposed voting of the Facilities.The bonds CFD, and Goodwin Con- procedure shall be b spa- 6 p r o p r t y t e x e e e n d suiting Grou ,Inc.,is here- p. ..hoots financed by a shall be In the aggregate by designated as special oral mail or handle Ivered community facilities die- principal amount o not to tax consultant for the CFD. ballot to the property own- trict)are InappllCa)Is to exceed $7,220,000, shall The fees and expenses of ' ars within the territory pro- the propose CFD. be Issued In such series such firms for matters re- sed to be included in the 6. Exempt Property Ex- and bear Interest payable orad to the CFD and the , 90D, semi-annually or n such bonds to be issued there- , sept as may otherwise be other manner as this Board fore shall be payable solely ; Dated as of May 1,2001 provided by few or by the shall determine, at rate from the proceeds of the y rate and method of appor- bonds or contributions by ' tionment of the Special Tax not to exceed the maxi- the ownors of property John Sweeten mum rate of interest as within the CFD.The Deputy oun Administrator and for the CFD, all lands tY owned by any public entity, may be authorized by ap- Director,Rcdovelopment Is Clerk of the Board of Su- Includin the United State, pllcable law at the time of hereby authorized to exe- , pervisors g sale of such bonds, and cute profes5lonal sery ces , the State of California shall mature not to exceed agroemonts .with Bond . and/or the County, or any Counsel and Special.Tax June L. McHuen, Deputy Legal CCT 2117 departments or political 40 ears from the date of consultant. Clerk Publish May 24,2001 . the ssuanice thereof. _ ` 13052-25 0 JH:SM:Idw 1/26/01 NOTICE OF PUBLIC HEARING Re Establishment of COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) Notice is hereby given that on May 1.., 2001, the Board of Supervisors (the"Board") of the County of Contra Costa (the"County") pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act"), adopted a Resolution entitled "A Resolution of Intention To Establish A Community Facilities District" relating to County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon). Under the Act and that Resolution the County hereby gives notice as follows: A. The text of the body of the Resolution is as follows: RESOLVED, by the Board of Supervisors (the "Board") of the County of Contra Costa (the"County"),State of California that: WHEREAS, under the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing at Section 53311, of the California Government Code, this Board is authorized to establish a community facilities district and to act as the legislative body for a community facilities district; and WHEREAS, this Board, having received petitions from the owners of not less than 10% of the area of land proposed to be included in the proposed community facilities district, now desires to proceed with the establishment of a community facilities district in order to finance costs of public infrastructure necessary or incident to development in the area of the County known as Norris Canyon (also known as Wiedemann Ranch). NOW,THEREFORE,IT I'S ORDERED as follows: 1. Authority. This Board proposes to conduct proceedings to establish a community facilities district pursuant to the Act. The Financing Policies For Community Facilities District adopted by the Board on September 13, 1994 (the "Policies") shall apply to the proceedings hereinafter initiated, which Policies are hereby amended to provide that the definitions, standards and assumptions to be used for appraisals shall be determined by County staff on a case-by-case basis, with input from County consultants, and by reference to relevant materials and information promulgated by the State of California. -1- 2. Name of CFD. The name proposed for the community facilities district is County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) (the"CFD"). 3. Boundaries Described. The proposed boundaries of the CFD are as shown on the map of it on file with the Clerk of the Board, which boundaries are hereby preliminarily approved and to which map reference is hereby made for further particulars. The Clerk of the Board is hereby directed to record, or cause to be recorded, the map of the boundaries of the CFD in the office of the Contra Costa County Recorder within fifteen days of the date of adoption of this Resolution, but in any event at least fifteen days prior to the public hearing specified below. 4. Facilities. The type of public facilities proposed to be financed by the CFD and pursuant to the Act shall consist of those listed as facilities on Exhibit A hereto and hereby incorporated herein (the "Facilities"). The Board hereby determines that the Facilities are necessary to meet increased demands placed upon local agencies as the result of development occurring within the CFD. The Deputy Director-Redevelopment or any other appropriate officer of the County is hereby authorized and directed to enter into joint community facilities agreements (which may be in the form of an Acquisition Agreement) with any entity that will own or operate any of the Facilities, as may be necessary to comply with the provisions of Section 53316.2(a) and (b) of the Act. The Board hereby declares that such joint agreements will be beneficial to residents in the area of the CFD. 5. Special Tax. Except to the extent that funds are otherwise available to the CFD to pay for the Facilities and/or the principal and interest as it becomes due on bonds issued by the County for the CFD to construct and/or acquire the Facilities, a special tax (the "Special Tax") sufficient to pay the costs thereof, secured by recordation of a continuing lien against all non-exempt real property in the CFD, will be levied annually within the CFD, and collected in the same manner as ordinary ad valoreni property taxes, or in such other manner as this Board or its designee shall determine, including direct billing of the affected property owners. The proposed rate and method of apportionment of the Special Tax among the parcels of real property within the CFD in sufficient detail to allow each landowner within the proposed CFD to estimate the maximum amount such owner will have to pay, are described in Exhibit B attached hereto and hereby incorporated herein. This Board hereby finds that the provisions of Section 53313.6, 53313.7 and 53313.9 of the Act (relating to adjustments to ad valorem property taxes and schools financed by a community facilities district) are inapplicable to the proposed CFD. -2- 0 6. Exempt Property. Except as may otherwise be provided by law or by the rate and method of apportionment of the Special Tax for the CFD, all lands owned by any public entity, including the United States, the State of California and/or the County, or any departments or political subdivisions thereof, shall be omitted from the levy of the Special Tax to be made to cover the costs and expenses of the Facilities and the CFD. In the event that a portion of the property within the CFD shall become for any reason exempt, wholly or in part, from the levy of the Special Tax, this Board will, on behalf of the CFD, increase the levy to the extent necessary upon the remaining property within the CFD which is not exempt in order to yield the required debt service payments and other annual expenses of the CFD, if any, subject to the provisions of the rate and method of apportionment of the Special Tax. 7. Election. The levy of the Special Tax shall be subject to the approval of the qualified electors of the CFD at a special election. The proposed voting procedure shall be by mailed or hand-delivered ballot among the landowners in the proposed CFD, with each owner having one vote for each acre or portion of an acre such owner owns in the CFD. 8. Special Tax Bonds. It is the intention of this Board, acting as the legislative body for the CFD, to cause bonds of the County to be issued for the CFD pursuant to the Act to finance in whole or in part the construction and/or acquisition of the Facilities. The bonds shall be in the aggregate principal amount of not to exceed $7,220,000, shall be issued in such series and bear interest payable semi-annually or in such other manner as this Board shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and shall mature not to exceed 40 years from the date of the issuance thereof. The Board reserves to itself the right and authority to allow any interested owner of property in the CFD, subject to the provisions of Section 53344.1 of the Act and as it may otherwise impose, and any applicable prepayment penalties as prescribed in the indenture or fiscal agent agreement for any bonds of the County for the CFD, to tender to the Treasurer of the County in full payment or part payment of any installment of special taxes or the interest or penalties thereon which may be due or delinquent, but for which a bill has been received, any bond or other obligation secured thereby, in the manner described in Section 53344.1 of the Act. 9. CFD Report. The Deputy Director-Redevelopment, as the officer having charge and control of the Facilities in and for the CFD, or the designee of such officer, is hereby directed to study said proposed Facilities and to make, or cause to be made, and file with the Clerk of the Board a report in writing, (the "CFD Report") presenting the following: (a) A description of the Facilities by type which will be required to adequately meet the needs of the CFD. -3- (b) An estimate of the fair and reasonable cost of the Facilities including the cost of acquisition of lands, rights-of-way and easements, any physical facilities required in conjunction therewith and incidental expenses in connection therewith, including the costs of the proposed bond financing and all other related costs as provided in Section 53345.3 of the Act. The CFD Report shall be made a part of the record of the public hearing specified below. 10. Public Hearing. Tuesday,June 5, 2001, at 10:00 a.m. or as soon as possible thereafter, in the Board Chambers, 651 Pine Street, Martinez, California, be, and the same are hereby appointed and fixed as the time and place when and where this Board, as legislative body for the CFD, will conduct a public hearing on the establishment of the CFD and consider and finally determine whether the public interest, convenience and necessity require the formation of the CFD and the levy of the Special Tax. 11. Notice of Hearing. The Clerk of the Board is hereby directed to cause notice of the public hearing to be given by publication one time in a newspaper published in the area of the CFD. The publication shall be completed at least seven days before the date of the public hearing specified above. The Clerk of the Board shall also cause notice of the hearing to be given to each property owner within the CFD by first class mail, postage prepaid, to each such owner's addresses as it appears on the most recent tax records of Contra Costa County or as otherwise known to the Clerk of the Board to be.correct. Such mailing shall be completed not less than fifteen days before the date of the public hearing. Each of the notices shall be substantially in the form specified in Section 53322 of the Act. 12. Appointment of Consultants. The firm of Stone & Youngberg LLC is hereby designated as Underwriter for the CFD, Jones Hall, A Professional Law Corporation is hereby designated as bond counsel for the CFD, and Goodwin Consulting Group, Inc. is hereby designated as special tax consultant for the CFD. The fees and expenses of such firms for matters related to the CFD and the bonds to be issued therefore shall be payable solely from the proceeds of the bonds or contributions by the owners of property within the CFD. The Deputy Director, Redevelopment is hereby authorized to execute professional services agreements with Bond Counsel and Special Tax Consultant. For a complete copy of the Resolution, including the Exhibits thereto, contact the Clerk of the Board of Supervisors of the County of Contra Costa at 651 Pine Street, 1st Floor, Martinez, California 94553. B. The time and place established under the above Resolution for the public hearing required under the Act are Tuesday,June 5, 2001, at the hour of 10:00 a.m. or as soon as possible thereafter, at, the regular meeting place of the Board of Supervisors of the County, being the Board Chambers,651 Pine Street, Martinez, California. -4- C. At said hearing, the testimony of all interested persons or taxpayers for or against the establishment of the CFD, the extent of the CFD or the furnishing of the specific types of facilities will be heard. Any person interested may file a protest in writing as provided in Section 53323 of the Act. If the owners of one-half or more of the area of land in the territory proposed to be included in the CFD file written protests against the establishment of the CFD and the protests are not withdrawn to reduce the value of the protests to less than a majority, the Board of Supervisors shall take no further action to establish the CFD for a period of one year from the date of said hearing, and if the majority protests of the landowners are only against the furnishing of a type or types of facilities within the CFD, or against levying a specified special tax, those types of facilities or the specified special tax will be eliminated from the proceedings to form the CFD. -5- D. The proposed .voting procedure shall be by special mail or hand-delivered ballot to the property owners within the territory proposed to be included in the CFD. Dated as of. May 1, 2001 John Sweeten County Administrator and Clerk of the Board of Supervisors Deputy Clerk [to be published not later than May 29, 2001] -6- 13052-25 • JH:SM:Idw 1/26/01 NOTICE OF PUBLIC HEARING Re Incurring Bonded Debt for COUNTY OF CONTRA COSTA Community Facilities District No. 2001-1 (Norris Canyon) Notice is hereby given that on May 1 , 2001, the Board of Supervisors of the County of Contra Costa (the "County") pursuant to the Mello-Roos Community Facilities Act of 1982 (the "Act"), adopted a Resolution entitled "A Resolution of Intention To Incur Bonded Indebtedness" relating to County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon). Under the Act and that Resolution, the County hereby gives notice as follows: A. The complete text of said Resolution of Intention is as follows: RESOLVED, by the Board of Supervisors (the "Board") of the County of Contra Costa (the "County"), State of California, that: WHEREAS, this Board has this date adopted its Resolution of Intention to Establish a Community Facilities District, stating its intention to form the County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon) (the "CFD") pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, Chapter 2.5 of Part 1 of Division 2 of Title 5 of the California Government Code (the "Act"), for the purpose of financing certain public improvements (the "Facilities") as further provided in that Resolution; and WHEREAS, this Board estimates the amount required for the financing of a portion of the costs of the Facilities to be the sum of not to exceed $7,220,000; and WHEREAS, in order to finance a portion of the costs of the Facilities it is necessary to incur bonded indebtedness in the amount of not to exceed $7,220,000 on behalf of the CFD. NOW, THEREFORE, IT IS ORDERED as follows: 1. Bonded Debt. It is necessary to incur bonded indebtedness within the boundaries of the proposed CFD in the amount of up to $7,220,000 to finance the costs of a portion of the Facilities. 2. Purposes of Bonded Debt. The bonded indebtedness is proposed to be incurred for the purpose of financing the costs of the Facilities, including acquisition and improvement costs and all costs incidental to or connected with the accomplishment of said purposes and of the financing thereof, as permitted by Section 53345.3 of the Act. 3. Terms of Bonds. This Board, acting as legislative body for the CFD, intends to authorize the issuance and sale of bonds in the maximum aggregate principal amount of not to exceed $7,220,000, bearing interest payable semi- annually or in such other manner as this Board shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and maturing not to exceed 40 years from the date of the issuance of the bonds. 4. Public Hearing. Tuesday, June 5, 2001, at 10:00 a.m., or as soon as possible thereafter, in the Board Chambers, 651 Pine Street, Martinez, California, be, and the same are hereby appointed and fixed as the time and place when and where this Board, as legislative body for the CFD, will conduct a public hearing on the proposed debt issue and consider and finally determine whether the public interest, convenience and necessity require the issuance of bonds of the of the County on behalf of the CFD. 5. Notices of Hearing. The Clerk of the Board is hereby directed to cause notice of the public hearing to be given by publication one time in a newspaper of general circulation circulated within the CFD. The publication of the notice shall be completed at least seven (7) days before the date specified above for the public hearing. The Clerk of the Board shall also cause notice of the hearing to be given to each property owner within the CFD by first class mail, postage prepaid, to each such owner's addresses as it appear on the most recent tax records of Contra Costa County or as otherwise known to the Clerk of the Board to be correct. Such mailing shall be completed not less than fifteen days before the date of the hearing. Each of the notices shall be substantially in the form specified in Section 53346 of the Act. B. The time and place established under the above Resolution for the public hearing required under the Act are Tuesday,June 5, 2001, at the hour of 10:00 a.m. or as soon as possible thereafter, at, the regular meeting place of the Board of Supervisors of the County, being the Board Chambers, 651 Pine Street,Martinez, California. C. At that time and place any person interested, including persons owning property in the area of the proposed community facilities district, will be heard upon the proposed debt issue. Dated as of May 1, 2001 / See attached page item C / John Sweeten County Administrator and Clerk of the Board of Supervisors Deputy Clerk [to be published not later than May 29, 200 1]