HomeMy WebLinkAboutMINUTES - 04032007 - C.15 .1
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Contra
Costa
County
TO: BOARD OF SUPERVISORS rA °-
�- � ,
FROM: Stephen Ybarra, Auditor-Controller
DATE: April 3, 2007
SUBJECT: County of Contra Costa Community Facilities District
No. 2001-1 (Norris Canyon) 1
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND
JUSTIFICATION
RECOMMENDATIONS
ACCEPT Community Facilities District Administration Report on County of Contra Costa
Community Facilities District No. 2001-1 (Norris Canyon) as required by Sections 50075.3 and
53411 of the California Government Code.
FISCAL IMPACT
None. The report relates to Special Taxes approved by voters and bonds issued and secured
by said Special Taxes.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On June 5, 2001 the Contra Costa County Board of Supervisors authorized the establishment of
Community Facilities District No. 2001-1 (Norris Canyon). The creation of the Community
Facilities District (CFD) authorized the levy of a Mello-Roos Special Tax on the Norris Canyon
Estates subdivision. The action of the Board also authorized the issuance of bonded
indebtedness secured by the approved Special Tax in the amount of$7,220,000. The (CFD)
bonds were issued on June 14, 2001.
CONTINUED ON ATTACHMENT: ✓YES SIGNATURE: 4�� 116A
_ ECOMMENDATION OF COUNTY ADMINISTRATOR _ R06MMENATION F ARD
COMMITTEE _AeA(PPROVE _OTHER
SIGNATURE(S): •
ACTION OF BOA ON > m APPROVED AS RECOMMENDED
VOTE OF SUPE ISORS
`// / I HEREBY CERTIFY THAT THIS IS A
_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
Contact: Jim Kennedy DATE SHOWN.
5-7225
orig: Auditor-Controller
Administrator
XW
cc: County Administrator ATTESTED ,
County Counsel
Public Works JOHN CULLEN, CLERK OF
Community Development THE BOARD OF SUPERVISORS
via: Community Dev. (Redevelopment) AND COUNTY ADMINISTRATOR
Jones, Hall, Hill &White
Stone &Youngberg BY ,DEPUTY
Toll Brothers
Goodwin Consulting Group
C:\DOCUME-1\mrulloda\LOCALS-1\Temp\notes8B2CEE\BOARD.norriscanyon.04.03.07.doc
BACKGROUND/REASONS FOR RECOMMENDATIONS
The California Government Code Sections 50075.3 and 53411 require that specified information
be provided to the Board of Supervisors on an annual basis. The report requirements include information
on Mello-Roos CFD Special Taxes collected and CFD Bond issued. The attached CFD Administration
Report fulfills the requirement of the Government Code. The reporting requirements are summarized
below:
Section 50075.3
Item (a): Identify amount of special taxes that have been collected and expended.
Response to Item (a): In fiscal year 2005-06 a total of$540,505 was collected from property within
CFD No. 2001-1. The special tax requirement for 2005-06 was $542,605 and was$1,005 less
than what it would have been due to the availability of surplus revenue from fiscal year 2004-05.
The$540,505 figure reflects two parcels delinquent a total of$2,100. These revenues were
expended on principal and interest payments for the Contra Costa Community Facilities District
No. 2001-1 Special tax Bonds that totaled $523,990. Additionally, approximately$19,619 was
expended on expenses associated with administering the CFD.
Item (b): Identify the status of any project required or authorized to be funded by the special
taxes.
Response to Item (b):All CFD No. 2001-1 improvements have been completed and accepted by
the Public Works division of the County.
Section 53411
Item (a): Identify the amount of bonds that have been collected and expended.
Response to Item (a): A total of$7,220,000 in special tax bonds were issued by the County on
June 14, 2001. Upon issuance of the bonds, $6,000,000 was deposited into the Improvement
Fund and has been to acquire the CFD No. 2001-1 improvements from the developer. An
additional $170,000 was used to pay the costs of issuing the bonds. Approximately$417,000 was
deposited in the Reserve Fund, and the remaining $487,000 was deposited in the Bond Fund as
capitalized interest. On September 1, 2006, a principal payment of$125,000 was made to retire
matured bonds. As of the date of this report, $6,735,000 in bonds are outstanding.
Item (b): Identify the status of any project required or authorized to be funded from bond
proceeds.
Response to Item(b): Same as above.
i
CADOCUME-1\mrulloda\LOCALS-1\Temp\notes8B2CEE\BOARD.norriscanyon.04.03.07.doc
GCG
GOODWIN CONSULTING GROUP
COUNTY OF CONTRA COSTA
COMMUNITY FACILITIES DISTRICT NO. 2001-1
(NORRIS CANYON)
CFD TAX ADMINISTRATION REPORT
FISCAL YEAR 2006-07
March 2, 2007
555 UNIVERSITY AVE, SUITE 280 • SACRAMENTO, CA 95825
PHONE: (916) 561-0890 • FAX: (916) 561-0891
Community Facilities District No. 2001-1
Annual Administration Report
TABLE OF CONTENTS
Section Page
IIntroduction.............................................................................................................. 1
II. Purpose of Report............................:........................................................................ 2
III. Special Tax Categories and Development Update................................................... 3
IV. CFD Funds ............................................................................................................... 4
V. Status of Public Improvements ................................................................................ 6
VI. Fiscal Year 2006-07 Special Tax Requirement ....................................................... 7
VII. Rate and Method of Apportionment of Special Tax................................................ 8
VIII. Special Tax Prepayments....................................................................................... 10
IX. Fiscal Year,2005-06 Special Tax Delinquencies................................................... 11
X. Foreclosure Covenant............................................................................................. 12
XI. Senate Bill 165 Reporting Requirement ................................................................ 13
Appendix A - CFD No. 2001-1 Fiscal Year 2006-07 Tax Levy Summary Table
Appendix B - CFD No. 2001-1 Special Tax Roll for Fiscal Year 2006-07
Appendix C - Boundary Map of Community Facilities District No. 2001-1
L INTRODUCTION
County of Contra Costa Community Facilities District No. 2001-1
On June 5, 2001, the Contra Costa Board of Supervisors established Community Facilities
District No. 2001-1 (Norris Canyon) and the sole owner of property within the CFD voted to
authorize the levy of a Mello-Roos special tax on property within the CFD. The landowner also
voted to incur bonded indebtedness, secured by special taxes levied in the CFD, in an amount not
to exceed $7,220,000. On June 14, 2001, special tax bonds (the `Bonds") in the principal
amount of$7,220,000 were issued on behalf of CFD No. 2001-1. A special tax will be levied on
property within the CFD in fiscal year 2006-07 in order to pay debt service obligations in
calendar year 2007.
The CFD boundaries encompass a 389-acre site that is proposed for the Norris Canyon Estates
residential community. The CFD is located in an unincorporated area of Contra Costa County
just west of the City of San Ramon. At build out, the project was originally expected to include
361 single family detached homes. As of June 1, 2006, 363 lots have been subdivided and 229
building permits have been issued. There have been 90 building permits issued during the past
fiscal year for new residential home construction.
The Mello-Roos Community Facilities Act of 1982
The reduction in property tax revenues that resulted from the passage of Proposition 13 in 1978
required public agencies and real estate developers to look for other means to generate funding
for public infrastructure. The funding available from traditional assessment districts was limited
by certain requirements of the assessment acts, and it became clear that a more flexible funding
tool was needed. In response, the California State Legislature approved the Mello-Roos
Community Facilities District Act of 1982 which provides for the levy of a special tax within a
defined geographic area (a "Community Facilities District" or "CFD") if such levy is approved
by two-thirds of the qualified electors in the area. The Mello-Roos Act can generate funding for
a broad range of facilities and CFD special taxes can be allocated to property in any reasonable
manner other than on an ad valorem basis.
A CFD is authorized to issue tax-exempt bonds that are secured by land within the CFD. If a
parcel does not pay the special tax levied on it, a public agency can foreclose on the parcel and
use the proceeds of the foreclosure to ensure that bondholders receive interest and principal
payments on the bonds. Because bonds issued by a CFD are land-secured, there is no risk to a
public agency's general fund or taxing capacity. In addition, because the bonds are tax-exempt,
they typically carry an interest rate that is lower than conventional construction financing.
Contra Costa County CFD No. 2001-1 1 CFD Administration Report
IL PURPOSE OF REPORT
This CFD Administration Report presents findings from research and financial analysis
performed by Goodwin Consulting Group, Inc. to determine the fiscal year 2006-07 special tax
requirement for CFD No. 2001-1. The report is intended to provide information to interested
parties regarding the current financial obligations of the CFD, special taxes levied in fiscal year
2006-07, and the status of public facilities being funded by the CFD. In addition, the CFD
Administration Report provides all of the information that must be filed with the County Board
of Supervisors pursuant to the requirements of Senate Bill 165. The SB 165 requirements, and
the corresponding sections of the report that respond to those requirements, are summarized in
Section XI of this report.
The remainder of the report is organized as follows:
• Section III provides a summary of the special tax categories in the CFD as well as an
update of the development activity occurring within CFD No. 2001-1, including new
building permit activity.
• Section IV provides information regarding funds and accounts established for the.Bonds,
including the balances as of June 30, 2006 in such funds and accounts.
• Section V provides an update on the status of public improvements being funded by CFD
No. 2001-1.
• Section VI identifies financial obligations of CFD No. 2001-1 for fiscal year 2006-07.
• Section VII provides a summary of the method that is used to apportion special taxes
among parcels in the CFD. The maximum special tax rates for fiscal year 2006-07 are
also identified in this section.
• Section VIII provides information on special tax prepayments in CFD No. 2001-1.
• Section IX provides a summary of delinquent special tax payments in CFD No. 2001-1
from the fiscal year 2005-06 special tax levy.
• Section X provides information on covenants regarding foreclosure on delinquent
parcels.
• Section XI provides a summary of the reporting requirements set forth in Senate Bill 165
and the information needed for the County to respond to these requirements.
Contra Costa County CFD No. 2001-1 2 CFD Administration Report
III. SPECIAL TAX CATEGO.R'IES AND DEVELOPMENT UPDATE
Special Tax Categories
Special taxes within CFD No. 2001-1 are levied pursuant to the methodology set forth in the
Rate and Method of Apportionment of Special Tax (the "RMA"), which was adopted as an
exhibit to the Resolution of Formation of CFD No. 2001-1. The RMA establishes various
special tax categories against which the special tax can be levied each fiscal year, including
Residential Property, Other Property, and Undeveloped Property. [Capitalized terms are defined
in the Rate and Method of Apportionment of Special Taxa
• Residential Property is defined as any parcel within the CFD for which a building permit
was issued prior to June 1 for construction of a residential structure. Based on the
specific definitions included in the RMA, any taxable parcel for which a building permit
was issued prior to June 1, 2006 for the construction of a residential unit will be taxed as
Residential Property in fiscal year 2006-07.
• Other Property means all taxable parcels in the CFD for which a building permit was
issued prior to June 1 for a structure that is not used for residential purposes and is not
owned by a homeowners' association or public agency. Currently, no Other Property
exists in the CFD.
• Undeveloped Property includes all taxable parcels in the CFD for which a building
permit was not issued by June 1 of the fiscal year prior to the fiscal year for which the
special tax levy is being prepared.
Development Update
Based on the current status of development in CFD No. 2001-1, the following table summarizes
the allocation of parcels to the special tax categories defined in the RMA:
Allocation to Special Tax Cate ories FY 2006-07
Tax Number of Parcels
Category Description I in Special Tax Cate o
1 Residential Property 220*
2 Other Property 0
3 Undeveloped Property 133
* Total does not include one parcel that has had its special tax
obligation prepaid and therefore is no longer subject to the annual tax.
Contra Costa County CFD No. 2001-1 3 CFD Administration Report
IV. CFD FLWDS
Description of Funds
Six funds were established pursuant to the Fiscal Agent Agreement between Contra Costa
County and the fiscal agent, which is currently BNY Western Trust Company. Following is a
brief description of the purpose of each fund.
The Improvement Fund was created exclusively to pay the cost of improvements until
all authorized facilities have been paid. The Improvement Fund, due to completion of all
improvements,has been closed.
The Reserve Fund was established as a reserve for the payment of principal and interest
on the Bonds in the event the balance in the Special Tax Fund is insufficient to make
debt service payments. The fiscal agent will maintain the Reserve Fund.
The Bond Fund was created exclusively to pay principal and interest on CFD
indebtedness. The Bond Fund will be held by the fiscal agent; twice each year, the fiscal
agent will use proceeds in this account to pay interest and/or principal on the Bonds. If,
on any interest payment date, amounts in the Bond Fund are insufficient to pay debt
service that is due on such date, the fiscal agent must withdraw from the Reserve Fund to
cover the shortfall.
The Special Tax Fund was established as a fund to be held by the County Auditor-
Controller into which special tax revenues collected by the County will be deposited.
Not later than three business days prior to each interest payment date on the Bonds, the
Auditor will transfer money from the Special Tax fund to the fiscal agent to pay interest
and principal due on the Bonds, as well as any amount needed to bring the Reserve Fund
up to the required reserve amount. Any remaining balance in the Special Tax Fund will
be transferred to the Administrative Expense Fund.
The Administrative Expense Fund will be held by the County Auditor-Controller and
used to pay CFD administrative expenses. Each year, the Auditor will transfer any
excess amount in the Administrative Expense Fund to the Special Tax Fund.
The Costs of Issuance Fund will be held by the fiscal agent and will be disbursed to pay
costs associated with formation of CFD No. 2001-1 and issuance of the Bonds. This
fund has been closed.
Money held in any of the aforementioned funds can be invested by the fiscal agent at the
direction of the County and in conformance with limitations set forth in the bond indenture.
Investment interest earnings, if any, will generally be applied to the fund for which the
investment is made.
Contra Costa County CFD No. 2001-1 4 CFD Administration Report
Fund Balances
As of June 30, 2006, the various funds had the following balances:
Community Facilities District No. 2001-1
Reserve Fund $444,187
Bond Fund $0
Improvement Fund Closed
Administrative Expense Fund ($6,529)
Costs of Issuance Fund Closed
Special Tax Fund $339,037
Contra Costa County CFD No. 2001-1 5 CFD Administration Report
V. STATUS OFPUBLICIMPROVEMENTS
CFD No. 2001-1 was formed to finance the widening of Norris Canyon Road, starting at the
intersection of Bollinger Canyon Road and continuing a distance of 7,700 feet. Improvements to
Norris Canyon Road include: (1) grading, pavement, curbs and gutters, rock shoulder, traffic
signing and striping, and street lights; (2) construction of sanitary sewer mains, structures,
fittings, and appurtenances; (3) construction of water distribution facilities and appurtenances;
(4) construction of joint utility distribution facilities for electrical, telephone, gas, cable and
television, including trenching, conduit and cable installation, pull and splice boxes, fittings and
appurtenances, and relocation of overhead facilities; (4) construction of landscaping and
irrigation facilities, including soil preparation, landscape materials, irrigation pipes, fittings, and
appurtenances; (5) required attendant public fees and design and construction engineering fees;
and (6) acquisition of all necessary interests in real property.
The developer entered into an Acquisition Agreement with the County that contains provisions
that set forth the process by which completed improvements will be acquired with bond proceeds
that are on deposit in the Improvement Fund for the CFD. The Acquisition Agreement obligates
the developer to pay any costs of the improvements that are not covered by funds available in the
Improvement Fund.
All Norris Canyon Road improvements have been completed and accepted by the Public Works
division of the County. Per the Acquisition Agreement with the County, the balance in the CFD
Improvement Fund was used to acquire the completed improvements from the developer.
Contra Costa County CFD No. 2001-1 6 CFD Administration Report
. J
VI. FISCAL YEAR 2006-07 SPECIAL TAX REQUIREMENT
Pursuant to the Rate and Method of Apportionment of Special Tax for CFD No. 2001-1, the
Special Tax Requirement means the total amount needed for 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.
For fiscal year 2006-07, the Special Tax Requirement is $546,458.54 and is calculated as
follows:
Surplus Available to Reduce the Special Taxes $4,768
For Fiscal Year 2006-07
Special Tax Fund Balance Available $339,037
Debt Service Payment—Interest (9/1/05) ($199,495)
Debt Service Payment—Principal (9/1/05) ($125,000)
Administrative Expense Fund Available ($6,529)
Prepayment Balance ($3,245)
Debt Service and Administrative Expenses
For Fiscal Year 2006-07 ($551,227)
Interest Payment on Bonds Due March 1, 2006 ($196,620)
Interest Payment on Bonds Due Sept. 1, 2006 ($196,620)
Principal Payment on Bonds Due Sept. 1, 2006 ($130,000)
Administrative Expenses Budget ($27,987)
Net Fiscal Year 2006=07 S6ecial Tax
Requirement ($546,459)
Contra Costa County CFD No. 2001-1 7 CFD Administration Report
4
VII. RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
Maximum Special Tax Rates
The maximum annual special tax rates applicable to each category of property in CFD No. 20011
are set forth in Section C of the RMA. The actual amount of the maximum special tax, which
will be levied on each land use category in fiscal year 2006-07, is determined by the method of
apportionment included in Section D of the RMA. The following table identifies the maximum
annual special taxes that can be levied on property in CFD No. 2001-1.
Community Facilities District No. 2001-1
Maximum Special Tax Rates
TaxMaximum Annual
cri tio
Category Desn Special Tax
1 Residential Property $2,100 per parcel
$2,100 per residential
2 Other Property unit planned on the
parcel before it became
Other Property
3 Undeveloped Property $3,360 per acre
Changes to Norris Canyon Tentative Map
The maximum special tax rates shown above assume that a particular number of residential units
will be developed within Norris Canyon consistent with the tentative map approved by the
Contra Costa County Board of Supervisors in August 1997. To the extent changes are proposed
to the tentative map in future years that would reduce the number of residential units within the
project, the County must either deny the revision to the tentative map or require a prepayment of
special taxes by the developer proposing the tentative map change. Such prepayment would be
in an amount sufficient to retire a portion of the bonds and maintain 110% debt service coverage
with the reduced special tax revenues that will result after the tentative map revision. To date,
development in Norris Canyon has been consistent with the approved tentative map.
Contra Costa.County CFD No. 2001-1 8 CFD Administration Report
Apportionment of Special Taxes
The amount of special tax levied on each parcel in the CFD each fiscal year will be determined
by application of Section D of the RMA. Pursuant to this Section, the special tax requirement
will be allocated as follows:
The first step requires special taxes to be levied on each parcel of Residential Property and Other
Property up to 100% of the applicable maximum special tax rate. If the taxes levied from this
first step, combined with revenues available from capitalized.interest, are not sufficient to fund
the Special Tax Requirement, then a special tax will be levied on each parcel of Undeveloped
Property up to 100% of the applicable maximum special tax. If additional revenues are still
needed to pay annual obligations of the CFD after the maximum tax is levied. on Residential
Property, Other Property, and Undeveloped Property, a special tax. will be levied on
Homeowners' Association Property and Public Property, as defined in the RMA. This last step
will likely never be needed, unless a homeowners' association or public agency takes ownership
of a parcel in the CFD that was expected to generate special tax revenues.
Application of the Maximum Special Tax rate to the 229 Residential Property parcels for fiscal
year 2006-07 will generate special tax revenue of $480,900, assuming no tax delinquencies.
Since the Special Tax Requirement for fiscal year 2006-07 is $546,459 and no Other Property
exists in the CFD, Undeveloped Property must make up the remaining $65,559. Taxing
Undeveloped Property at approximately 23% of its maximum rate, or $789 per acre, will
generate the remaining$65,559.
Community Facilities District No. 2001-1
Fiscal Year 2006-07 Special Tax Levy
Fiscal Year
2006-07 Total
Land Use Maximum Actual Tax Units Special
Categog Tax Rates Rates Taxed Tax Levy
Developed $2,100 per parcel $2,100 per parcel 229 units $480,900
Property
Undeveloped $3,360 per acre $789 per acre 83.1 acres $65,559
Property
Total Special Tax Levy for Fiscal Year 2006-07 $546,459
Contra Costa County CFD No. 2001-1 9 CFD Administration Report
7
VIII. SPECIAL TAX PREPAYMENTS
The special tax lien for one property in the CFD has been fully prepaid, and therefore this
property,APN 211-260-011, is no longer subject to the annual special tax levy. All other parcels
of taxable property within the CFD are subject to the special tax levy.
Contra Costa County CFD No. 2001-1 10 CFD Administration Report
IX. FISCAL YEAR 2005-06 SPECIAL TAXDELINQUENCIES
As of September 1, 2006, property owners for two parcels were delinquent a total of$2,100 in
payments of the 2005-06 CFD special tax levy. The total fiscal year 2005-06 tax levy was
$542,605 and was levied on 222 parcels. Therefore, the percentage of the total delinquent
special tax for fiscal year 2005-06 is 0.39%, with 0.90% of the total taxable parcels being
delinquent. CFD No. 2001-1, however, is in the County Teeter Plan and therefore receives its
full share of the total special tax levy.
Contra Costa County CFD No. 2001-1 11 CFD Administration Report
X. FORECLOSURE COVENANT
Covenant for Superior Court Foreclosure
The County may order the institution of a court action to foreclose the lien on a parcel within
specified time limits if any payment of the Special Tax is delinquent. In such an action, the real
property subject to the unpaid amount may be sold at a judicial foreclosure sale. The County
shall review its records in connection with the collection of the Special Tax on or about March
30 and June 30 of each year to compare the amount of Special Tax levied in the CFD to the
amount of Special Tax collected, and proceed as follows:
• Individual Delinquencies. If the Auditor determines that any single parcel.subject to the
Special Tax in the CFD is delinquent in the payment of Special Taxes in the aggregate
amount of(i) $7,500 or more if all the property within the CFD is on the Teeter Plan, or
(ii) $3,000 or more if any of the property in the CFD is not on the Teeter Plan, then the
Auditor shall send or cause to be sent a notice of delinquency (and a demand for
immediate payment thereof) to the property owner within 60 days of such determination,
and(if the delinquency remains uncured) foreclosure proceedings shall be commenced by
the County within 120 days of such determination.
• Aggregate Delinquencies. If the Auditor determines that the total amount of delinquent
Special Tax for the prior Fiscal Year for the entire CFD, (including the total of
delinquencies under the preceding paragraph), exceeds 5% of the total Special Tax due
and payable for the prior Fiscal Year, the County shall notify or cause to be notified
property owners who are then delinquent in the payment of Special Taxes (and demand
immediate payment of the delinquency) within 60 days of such determination, and shall
commence foreclosure proceedings within 120 days of such determination against each
parcel of land in the CFD with a Special Tax delinquency.
Delinquency data as of September 2006 show that neither of the above criteria have been met,
and therefore no foreclosure proceedings have been initiated on any parcel in the CFD with
delinquent CFD taxes.
Contra Costa County CFD No. 2001-1 12 CFD Administration Report
XI. SENATE BILL 165 REPORTING REQUIREMENT
On September 18, 2000, former Governor Gray Davis approved Senate Bill (SB) 165 which
enacted the"Local Agency Special Tax and Bond Accountability Act." In approving the bill, the
Legislature pointed out that local agencies need to demonstrate to the voters that special taxes
and bond proceeds are being spent on the facilities and services for which they were intended.
To further this objective, the Legislature added Sections 50075.3 and 53411 to the California
Government Code setting forth annual reporting requirements relative to special taxes collected
and bonds issued by a local public agency. A response to each of the reporting requirements in
SB 165 is provided below. Pursuant to the Sections 50075.3 and 53411, the "chief fiscal officer"
of the County will, by January 1, 2002 and at least once a year thereafter, file a report with the
Board of Supervisors (which may be this CFD Administration Report) setting forth the following
information.
Section 50075.3
Item (a): Idents amount of special taxes that have been collected and expended.
Response to Item (a): In fiscal year 2005-06 a total of $540,505 was collected from
property within CFD No. 2001-1. The special tax requirement for 2005-06 was $542,605
and was $1,005 less than what it would have been due to the availability of surplus
revenue from fiscal year 2004-05. The $540,505 figure reflects two parcels delinquent a
total of$2,100. These revenues were expended on principal and interest payments for the
County of Contra Costa Community Facilities District No. 2001-1 Special Tax Bonds
that totaled $523,990. Additionally, approximately $19,619 was expended on expenses
associated with administering the CFD.
Item (b): Identify the status of any project required or authorized to be funded by the
special taxes.
Response to Item (b): All CFD No. 2001-1 improvements have been completed and
accepted by the Public Works division of the County.
Section 53411
Item (a): Identify the amount of bonds that have been collected and expended.
Response to Item (a): A total of $7,220,000 in special tax bonds were issued by the
County on June 14, 2001. Upon issuance of the bonds, $6,000,000 was deposited into the
Improvement Fund and has been used to acquire the CFD No. 2001-1 improvements
from the developer. An additional $170,000 was used to pay the costs of issuing the
bonds. Approximately $417,000 was deposited in the Reserve Fund, and the remaining
$487,000 was deposited in the Bond Fund as capitalized interest. On September 1, 2006
Contra Costa County CFD No. 2001-1 13 CFD Administration Report
a principal payment of$125,000 was made to retire matured bonds. As of the date of this
report, $6,735,000 in bonds are outstanding.
Item (b): Identify the status of any project required or authorized to be funded from bond
proceeds.
Response to Item (b): Same as above.
Contra Costa County CFD No. 2001-1 14 CFD Administration Report
APPENDIX A
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Fiscal Year 2 006-0 7
Tax Levy Summary Table
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Fiscal Year
2006-07 Units Total
Maximum Actual or Acres Special
Land Use Category Tax Rates Tax Rates Taxed Tax Levy
Developed Property $2,100 per Parcel $2,100 per Parcel 229 units $480,900
Undeveloped Property $3,360 per Acre $789 per Acre 83.1 acres $65,560
Total Special Tax Levy J540,460
Goodwin Consulting Group,Inc.
Page 1 of 1
APPENDIX B
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Special Tax Roll for
Fiscal Year 2006-07
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 210 074 HOA $0.00
211 210 079 HOA $0.00
211 240 001 $2,100.00
211 240 003 $2,100.00
211 240 004 $2,100.00
211 240 005 $2,100.00
211 240 006 $2,100.00
211 240 007 $2,100.00
211 240 008 $2,100.00
211 240 009 0.34 $269.72
211 240 010 0.35 $279.84
211 240 011 0.36 $284.50
211 240 012 0.36 $284.32
211 240 013 $2,100.00
211 240 014 $2,100.00
211 240 015 $2,100.00
211 240 016 $2,100.00
211 250 001 $2,100.00
211 250 002 0.50 $392.78
211 250 003 $2,100.00
211 250 004 $2,100.00
211 250 005 $2,100.00
211 250 006 $2,100.00
211 250 007 $2,100.00
211 250 008 $2,100.00
211 250 009 $2,100.00
211 250 010 $2,100.00
211 250 011 $2,100.00
211 250 012 $2,100.00
211 250 013 $2,100.00
211 250 014 $2,100.00
211 250 015 $2,100.00
211 250 016 $2,100.00
211 250 017 $2,100.00
211 250 018 $2,100.00
211 250 019 $2,100.00
211 260 001 $2,100.00
211 260 002 $2,100.00
211 260 003 $2,100.00
211 260 004 $2,100.00
211 260 005 $2,100.00
211 260 006 $2,100.00
Page 1 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL. YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 260 007 $2,100.00
211 260 008 $2,100.00
211 260 009 $2,100.00
211 260 010 $2,100.00
211 260 011 Prepaid Special Taxes $0.00
211 260 012 $2,100.00
211 260 013 $2,100.00
211 260 014 $2,100.00
211 260 015 $2,100.00
211 260 016 $2,100.00
211 260 017 $2,100.00
211 260 .018 $2,100.00
211 270 001 $2,100.00
211 270 002 $2,100.00
211 270 003 $2,100.00
211 270 004 $2,100.00
211 270 005 $2,100.00
211 270 006 $2,100.00
211 270 007 $2,100.00
211 270 008 $2,100.00
211 270 009 $2,100.00
211 270 010 $2,100.00
211 270 011 $2,100.00
211 280 001 $2,100.00
211 280 002 $2,100.00
211 280 003 $2,100.00
211 280 004 $2,100.00
211 280 005 $2,100.00
211 280 006 $2,100.00
211 280 007 $2,100.00
211 280 008 $2,100.00
211 280 009 $2,100.00
211 280 010 $2,100.00
211 280 011 $2,100.00
211 280 012 $2,100.00
211 280 013 $2,100.00
211 280 014 $2,100.00
211 280 015 $2,100.00
211 280 016 $2,100.00
211 280 017 $2,100.00
211 280 018 $2,100.00
211 280 019 $2,100.00
Page 2 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 280 020 $2,100.00
211 280 021 $2,100.00
211 280 022 $2,100.00
211 280 023 $2,100.00
211 280 024 $2,100.00
211 280 025 $2,100.00
211 280 026 $2,100.00
211 280 027 $2,100.00
211 280 028 $2,100.00
211 280 029 $2,100.00
211 280 030 $2,100.00
211 280 031 $2,100.00
211 280 032 $2,100.00
211 280 033 $2,100.00
211 280 034 $2,100.00
211 280 035 $2,100.00
211 280 036 $2,100.00
211 280 037 $2,100.00
211 280 038 $2,100.00
211 280 039 $2,100.00
211 290 001 $2,100.00
211 290 002 $2,100.00
211 290 003 $2,100.00
211 290 004 $2,100.00
211 290 005 $2,100.00
211 290 006 $2,100.00
211 290 007 $2,100.00
211 290 008 $2,100.00
211 290 009 $2,100.00
211 290 010 $2,100.00
211 290 011 $2,100.00
211 290 012 $2,100.00
211 290 013 $2,100.00
211 290 014 $2,100.00
211 290 015 $2,100.00
211 290 016 $2,100.00
211 290 017 $2,100.00
211 290 018 $2,100.00
211 290 019 $2,100.00
211 290 020 $2,100.00
211 300 001 $2,100.00
211 300 002 $2,100.00
Page 3 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 300 003 $2,100.00
211 300 004 0.35 $273.02
211 300 005 0.36 $282.76
-
211 300 006 $2,100-00
211 300 007 0.67 $530.02
211 300 008 0.52 $411.14
211 300 009 $2,100-00
211 300 010 $2,100-00
211 300 011 $2,100-00
211 300 012 $2,100-00
211 300 013 $2,100.00
211 300 014 $2,100.00
211 300 015 $2,100.00
211 300 016 $2,100.00-
211 300 017 $2,100-00-
211 300 018 $2,100-00
211 300 019 $2,100.00
211 300 020 $2,100.00
211 300 021 $2,100.00_
211 300 022 $2,100.00
211 300 023 $2,100.00
211 300 024 $2,100.00
211 300 025 $2,100.00
211 300 026 $2,100.00
211 300 027 $2,100.00
211 310 001 0.42 $328.24
211 310 002 0.37 $294.66
211 310 003 0.38 $296.12
211 310 0.04 0.42 $333.98
211 310 005 0.88 $692.26.
211 310 006 0.56 $444.02
211 310 007 0.78 $615.06_
211 310 008 1.02 $806.96
211 310 009 0.55 $432.10
211 310 010 1.12 $883.14
211 310 011 0.77 $604.14
211 310 012 0.75 $59114
211 310 013 0.42 $330.60
211 310 014 0.41 $325.18
211 310 015 1.12 $882.74
211 310 016 0.57 $446.16
211 310 017 0.38 $297.28
Page 4 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07-
Undeveloped Special
Parcel Number Acres Tax
211 310 018 0.42 $332.12
211 310 019 0.38 $297.20
211 310 020 0.38 $299.90
211 310 021 0.39 $307.10
211 320 001 1.03 $811.12
211 320 002 1.15 $910.88
211 320 003 0.76 $601.64
211 320 004 0.79 $625.76
211 320 005 0.77 $609.66
211 320 006 0.76 $599.88
211 320 007 0.79 $624.54
211 320 008 0.98 $772.28
211 320 009 0.82 $647.92
211 320 010 0.76 $601.24
211 320 011 0.70 $552.76
211 320 012 0.63 $498.88
211 320 013 0.69 $548.24
211 320 014 0.88 $694.08
211 320 015 1.03 $812.36
211 320 016 0.99 $778.68
211 320 017 0.98 $775.96
211 320 018 1.44 $1,133.40
211 330 001 0.72 $570.76
211 330 002 0.78 $615.30
211 330 003 0.77 $605.16
211 330 004 0.90 $712.20
211 330 005 0.87 $686.14
211 330 006 0.92 $724.30
211 330 007 1.32 $1,039.04
211 330 008 1.14 $897.86
211 330 009 1.07 $843.12
211 340 001 1.14 $901.48
211 340 002 1.12 $880.78
211 340 003 1.13 $889.50
211 340 004 1.24 $975.98
211 340 005 1.67 $1,320.60
211 340 006 1.13 $892.00
211 340 007 2.01 $1,584.66
211 350 001 0.49 $386.30
211 350 002 0.42 $328.52
211 350 003 0.58 $458.56
211 350 004 $2,100.00
Page 5 of 9
CONTRA COSTA COUNTY
COMMUNITY FAC:ILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 350 005 $2,100.00
211 350 006 $2,100.00
211 350 007 1.49 $1,176.38
211 350 008 1.32 $1,044.58
211 350 009 0.86 $679.72
211 350 010 1.14 $898.14
211 350 011 0.98 $775.10
211 350 012 0.41 $321.80
211 350 013 0.43 $343.20
211 350 014 0.39 $305.44
211 350 015 0.38 $301.98 .
211 350 016 0.44 $346.62
211 350 017 0.41 $325.86
211 360 001 $2,100.00
211 360 002 $2,100.00
211 360 003 $2,100.00
211 360 004 $2,100.00
211 360 005 $2,100.00
211 360 006 $2,100.00
211 360 007 $2,100.00
211 360 008 $2,100.00
211 360 009 $2,100.00
211 360 010 - $2,100.00
211 360 011 $2,100.00
211 360 012 $2,100.00
211 360 013 $2,100.00
211 360 014 $2,100.00
211 360 015 $2,100.00
211 360 016 $2,100.00
211 360 017 $2,100.00
211 360 018 $2,100.00
211 360 019 $2,100.00
211 360 020 $2,100.00
211 360 021 $2,100.00
211 360 022 $2,100.00
211 360 023 $2,100.00
211 360 024 $2,100.00
211 360 025 $2,100.00
211 360 026 $2,100.00
211 360 027 $2,100.00
211 360 028 $2,100.00
211 360 029 $2,100.00
Page 6 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL VTAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 360 030 $2,100.00
211 360 031 $2,100.00
211 360 032 $2,100.00
211 360 033 $2,100.00
211 360 034 $2,100.00
211 360. 035 $2,100.00
211 360 036 $2,100.00
211 360 037 $2,100.00
211 360 038 $2,100.00
211 360 039 $2,100.00
211 360 040 $2,100.00
211 360 041 $2,100.00
211 360 042 $2,100.00
211 360 043 $2,100.00
211 370 001 $2,100.00
211 370 002 $2,100.00
211 370 003 $2,100.00
211 370 004 $2,100.00
211 370 005 $2,100.00
211 370 006 $2,100.00
211 370 007 $2,100.00
211 370 008 $2,100.00
211 370 009 $2,100.00
211 370 010 $2,100.00
211 370 011 $2,100.00
211 370 012 $2,100.00
211 370 013 $2,100.00
211 370 014 $2,100.00
211 370 015 $2,100.00
211 370 016 0.43 $342.50
211 370 017 0.40 $312.54
211 370 018 0.40 $313.76
211 370 019 0.39 $305.68
211 370 020 0.37 $292.94
211 370 021 0.37 $292.94
211 370 022 0.37 $292.94
211 370 023 0.37 $292.94
211 370 024 0.38 $297.48
211 370 025 0.37 $295.44
211 370 026 0.38 $298.12
211 370 027 0.38 $298.12
211 370 028 0.38 $298.12
Page 7 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 370 029 0.38 $298.12
211 370 030 0.38 $298.12
211 370 031 0.38 $298.12
211 370 032 0.40 $312.68
211 370 033 0.37 $295.46
211 370 034 0.40 $313.72
211 370 035 $2,100.00
211 370 036 $2,100.00
211 370 037 $2,100.00
211 370 038 $2,100.00
211 370 039 $2,100.00
211 370 040 0.42 $334.66
211 370 041 0.48 $378.54
211 370 042 0.55 $431.48
211 370 043 $2,100.00
211 370 044 0.46 $361.78
211 370 045 $2,100.00
211 370 046 0.44 $347.26
211 370 047 0.86 $677.58
211 370 048 $2,100.00
211 370 049 0.56 $442.48
211 370 050 0.41 $325.90
211 370 051 $2,100.00
211 370 052 0.52 $409.16
211 370 053 $2,100.00
211 370 054 0.37 $289.04
211 370 055 $2,100.00
211 370 056 $2,100.00
211 370 057 $2,100.00
211 370 058 $2,100.00
211 380 001 0.45 $353.54
211 380 002 $2,100.00
211 380 003 0.40 $318.24
211 380 004 $2,100.00
211 380 005 $2,100.00
211 380 006 $2,100.00
211 380 007 $2,100.00
211 380 008 $2,100.00
211 380 009 $2,100.00
211 380 010 $2,100.00
211 380 011 $2,100.00
211 380 012 $2,100.00
Page 8 of 9
CONTRA COSTA COUNTY
COMMUNITY FACILITIES DISTRICT NO. 2001-1
FISCAL YEAR 2006-07
Undeveloped Special
Parcel Number Acres Tax
211 380 013 $2,100.00
211 380 014 $2,100.00
211 380 015 $2,100.00
211 380 016 $2,100.00
211 380 017 $2,100.00
211 380 018 0.39 $308.64
211 380 019 0.43 $340.18
211 380 020 0.43 $340.18
211 380 021 0.43 $337.10
211 380 022 0.38 $302.02
211 380 023 0.47 $374.16
211 380 024 0.47 $374.16
211 380 025 0.47 $374.12
211 380 026 0.53 $415.70
211 380 027 0.42 $334.18
211 380 028 0.53 $418.52
211 380 029 0.61 $482.14
211 380 030 0.59 $462.90
211 380 031 0.49 $387.96
211 380 032 0.41 $325.12
211 380 033 0.41 $325.56
211 380 034 0.41 $324.50
211 380 035 0.40 $316.24
211 380 036 0.43 $338.86
211 380 037 0.39 $311.38
211 380 038 0.41 $321.16
211 380 039 0.44 $346.00
Total Special Tax Levy $546,460
Source: Goodwin Consulting Group,Inc.
Page 9 of 9
APPENDIX C
County of Contra Costa
Community Facilities District No. 2001-1
(Norris Canyon)
Boundary Map of
Community Facilities District No. 2001-1