HomeMy WebLinkAbout17 Attachment 3 GC MOU CFD 04-1 FY21.22 Annual ReportTruckee Donner PUD
Community Facilities
District No. 04-1
(Grays Crossing)
Fiscal Year 2021 /22
Annual District Administration Report
W"W I L LDAN
W WILLDAN
ANNUAL DISTRICT ADMINISTRATION REPORT
FISCAL YEAR 2021 /22
TRUCKEE DONNER PUD
COMMUNITY FACILITIES DISTRICT NO.04-1
(GRAYS CROSSING)
W W I LLDAN
TABLE OF CONTENTS
This report provides a summary of the financial and administrative information for
Community Facilities District No. 04-1 (Gray's Crossing) ("District") of the Truckee
Donner PUD ("Public Utility District") and is organized in the following sections:
INTRODUCTION
A. FORMATION
B. BOUNDARIES AND DEVELOPMENT SUMMARY
C. BONDS
D. FINANCED FACILITIES
I. LEVY SUMMARY OVERVIEW
A. FISCAL YEAR 2021/22 LEVY AMOUNTS
B. FISCAL YEAR 2021/22 HANDBILL AMOUNTS
IL FINANCIAL OBLIGATIONS
A. FISCAL YEAR 2021/22 LEVY COMPONENTS
B. PREPAYMENTS
C. HISTORICAL BOND CALL SUMMARY
III. DELINQUENCY AND FORECLOSURE STATUS
A. DELINQUENCY SUMMARY
B. FORECLOSURE COVENANT
C. DELINQUENCY MANAGEMENT ACTIONS
IV. SPECIAL TAX LEVY AND METHOD OF APPORTIONMENT
A.
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
B.
SPECIAL TAX SPREAD
C.
MAXIMUM ASSIGNED AND APPLIED SPECIAL TAX RATES
D.
APPLIED SPECIAL TAX PROGRESSION
EXHIBITS
EXHIBIT A: FISCAL YEAR 2021/22 CHARGE DETAIL REPORT
EXHIBIT B: BOUNDARY DIAGRAM
EXHIBIT C: DELINQUENCY SUMMARY
EXHIBIT D: DEBT SERVICE SCHEDULE(S)
EXHIBIT E: RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
yY WILLDAN
INTRODUCTION
The information provided in this report is derived primarily from documents
developed at the time the District was formed and from data provided by the Public
Utility District or accessed through the Public Utility District. The information
sources include the Rate and Method of apportionment, annual budget, debt
service schedule(s) and special tax/assessment delinquency data. The
development status, prepayments and historical information were accessed
through the Public Utility District and/or the developer and are maintained by
Willdan Financial Services.
The Mello -Roos Community Facilities Act ("Act") of 1982 came about as a
response to the lack of adequate financing for public capital facilities and services
in the post -Proposition 13 era. State Legislators Mello and Roos sponsored this
Bill, which was enacted into law by the California Legislature and is now Sections
53311 through 53368 of the California Government Code. The Act authorizes a
local governmental agency, such as a school district or city, to form a Community
Facilities District ("CFD") or ("District") within a defined set of boundaries for the
purposes of providing public facilities and services. A CFD is formed for financing
purposes only, and is governed by the agency that formed it.
A. FORMATION
On July 21, 2004, the Board of Directors formed the District by the adoption of
Resolution No. 2004-30. The qualified electors within the District authorized the
bonded indebtedness in the aggregate principal amount not to exceed
$35,000,000 and approved the levy of the special tax in accordance with the rate
and method of special tax.
B. BOUNDARIES AND DEVELOPMENT SUMMARY
The District consists of approximately 757.2 gross acres and is located north of
Interstate 80 in the eastern portion of the Town of Truckee, California, on both the
east and west sites of State Highway 89. The District has an irregular shape with
mostly level topography with same gently sloping and undulating areas. The
District was expected at the time of formation to be developed into a mountain
resort community consisting of 408 single family lots, 89 single family freestanding
cottages, 115 attached townhomes, 21 residential lofts, approximately 40,700
square feet of commercial space and various community space.
On August 20, 2019, the Town of Truckee Planning Commission approved a
Tentative Map to re -subdivide the existing Final Map No. 02-007, called the Village
at Gray's Crossing Phase I Subdivision Map, into seven commercial lots, three
common space/open space lots, one right-of-way lot, 24 townhome lots, 21
condominiumized lofts, one fourplex lot with four condominiumized units, and
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
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associated easements and public improvements including realignment of the
Class I trail, bus shelter on Edwin Way, and an offsite bus turnout on the south
side of Henness Road.
C. BONDS
Pursuant to Official Statements dated August 31, 2004 and June 21, 2005,
respectively, the District issued $15,375,000 Special Tax Bonds, Series 2004
("Series 04 Bonds") and $19,155,000, Special Tax Bonds, Series 2005 ("Series 05
Bonds"), (collectively, the "Bonds"). The Bonds were issued to construct and
acquire various public improvements needed with respect to the proposed
development within the District to fund the Reserve Account securing the Bonds,
to fund capitalized interest on the Bonds and to pay costs of issuance of the Bonds.
The Bonds were issued on parity.
D. FINANCED FACILITIES
The Facilities authorized to be acquired by the District with the proceeds of the
Bonds consist of various public improvements including water facilities, electrical
facilities, sewer, roads, storm drains, natural gas facilities, power line relocation,
highway improvements and fiber infrastructure.
L LEVY SUMMARY OVERVIEW
A. FISCAL YEAR 2021/22 LEVY AMOUNTS
The following table summarizes the amounts levied (including handbilled/direct
billed charges) for Fiscal Year 2021/22 for the District.
407
$2,655,726.12
B. FISCAL YEAR 2021/22 HANDBILL AMOUNTS
The following table summarizes the amounts billed directly to the property owner
rather than placed on the Secured Property Tax Roll, due to the tax-exempt status
in Fiscal Year 2021/22 for the District.
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
W WILLDAN
II. FINANCIAL OBLIGATIONS
A. FISCAL YEAR 2021/22 LEVY COMPONENTS
The following table summarizes the financial obligations of the District.
2004 Principal
2004 Interest
2005 Principal
2005 Interest
Administrative Costs
Adjustments Applied to the Levy — Addition/(Credit)
(1) Slight variance to actual "Charge Amount' in Section (1)(A) above due to rounding.
$465,000.00
719,222.50
585,000.00
794,295.00
92,212.63
MIN
FOR DETAILED INFORMATION REGARDING BOND(S) ISSUED FOR THIS DISTRICT, PLEASE
REFER TO EXHIBIT D (DEBT SERVICE SCHEDULE) OF THIS REPORT.
B. PREPAYMENTS
For Fiscal Year 2020/21, there were zero (0) parcels that prepaid their special
tax/assessment obligations.
K1
(1) Total prepayment amount including but not limited to, reserve credit, redemption amount and premium, investment
earnings and administrative fees.
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
W W I LLDAN
C. HISTORICAL BOND CALL SUMMARY
The following table summarizes historical bond calls performed to date.
March 1, 2016
Series 2004
$20,000.00
Prepayments
March 1, 2016
Series 2005
25,000.00
Prepayments
March 1, 2018
Series 2004
45,000.00
Prepayments
March 1, 2018
Series 2005
55,000.00
Prepayments
March 1, 2019
Series 2004
30,000.00
Prepayments
March 1, 2019
Series 2005
40,000.00
Prepayments
September 1, 2019
Series 2004
25,000.00
Prepayments
September 1, 2019
Series 2005
35,000.00
Prepayments
Ill. DELINQUENCYAND FORECLOSURE STATUS
A. DELINQUENCY SUMMARY
The following table summarizes delinquencies for the most recent fiscal year and
the cumulative for all years with delinquencies as of September 16, 2021.
$350,529.63 13.45% $4,475,591.67 14.95%
FOR A MORE COMPREHENSIVE SUMMARY, PLEASE SEE EXHIBIT C OF THIS REPORT.
B. FORECLOSURE COVENANT
The District covenants for the benefit of the Owners of the Bonds that it (i) will
commence judicial foreclosure proceedings against all parcels owned by a
property owner where the aggregate delinquent Special Taxes on such parcels is
greater than $7,500 by the October 1 following the close of each Fiscal Year in
which such Special Taxes were due and (ii) will commence judicial foreclosure
proceedings against all parcels with delinquent Special Taxes by the October 1
following the close of each Fiscal Year in which it receives Special Taxes in an
amount which is less than 95% of the total Special Tax levied for such Fiscal Year,
and (iii) will diligently pursue such foreclosure proceedings until the delinquent
Special Taxes are paid; provided that, notwithstanding the foregoing, the District
may elect to defer foreclosure proceedings on any parcel which is owned by a
delinquent property owner whose property is not, in the aggregate, delinquent in
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
Vy W I LLDAN
the payment of Special Taxes for a period of three years or more or in an amount
in excess of $12,000 so long as (1) the amount in the Reserve Account of the
Special Tax Fund is at least equal to the Reserve Requirement, and (2) the District
is not in default in the payment of the principal of or interest on the Bonds. The
District may, but shall not be obligated to, advance funds from any source of legally
available funds in order to maintain the Reserve Account of the Special Tax Fund
at the Reserve Requirement or to avoid a default in payment on the Bonds.
C. DELINQUENCY MANAGEMENT ACTIONS
Willdan Financial Services has taken the initial steps toward foreclosure
proceedings or reducing delinquencies by performing the following Delinquency
Management Actions since July 1, 2020.
Foreclosure Request
September 17, 2020
10
Request Removal from County Tax Roll
October 29, 2020
10
Strip Confirmation
October 29, 2020
10
Reminder Letters
February 11, 2021
10
Demand Letters
June 1, 2021
6
Reminder Letters
June 4, 2021
11
SB1471
August 19, 2021
7
Strip Confirmation _
October 7, 2021
7
IV. SPECIAL TAX LEVYAND METHOD OF
APPORTIONMENT
The methodology employed to calculate and apportion the special tax is in
accordance with the document entitled Rate and Method of Apportionment
("RMA"). The RMA is hereby referenced and summarized but not included in this
report, however the official document can be requested and provided by the Public
Utility District's special tax administrator Willdan Financial Services.
A. RATE AND METHOD OF APPORTIONMENT
Pursuant to Section E of the Rate of Method of Apportionment, commencing with
Fiscal Year 2004/05 and for each following fiscal year, the Council shall determine
the Special Tax Requirement and shall levy the Special Tax until the total Special
Tax levy equals the Special Tax Requirement. (FOR DETAILED INFORMATION OF THE
SPECIAL TAX REQUIREMENT, PLEASE REFER TO SECTION (ll) FINANCIAL OBLIGATIONS
ABOVE.
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
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The Special Tax shall be levied on each Assessor's Parcel of Developed, Single
Family Detached Property or a Loft Unit up to 100% of the applicable Maximum
Special Tax. If additional monies are needed to satisfy the Special Tax
Requirement, the Special Tax shall be levied Proportionately on each Parcel of
Developed Property within the CFD that is Non -Residential Property up to 100%
of the Maximum Special Tax. If additional monies are needed to satisfy the Special
Tax Requirement, the Special Tax shall be levied Proportionately on each Parcel
of Developed Property within the CFD that is Golf Course Property up to 100% of
the Maximum Special Tax. If additional monies are needed to satisfy the Special
Tax Requirement after the first step has been completed, the Special Tax shall be
levied Proportionately on each Assessor's Parcel of Undeveloped Property at up
to 100% of the Maximum Special Tax for Undeveloped Property.
Developed Property means for each fiscal year, the following:
• for Single Family Detached Property, all parcels for which a Final Map was
recorded to May 1 of the preceding Fiscal Year
for Single Family Attached Property, all parcels for which a building permit
for new construction of a residential structure was issued prior to May 1 of
the preceding Fiscal Year
for Golf Course Property, all Parcels that make up the Golf Course Property
if the certificate of occupancy for the proshop or clubhouse associated with
the golf course was issued at least twenty-four (24) months in advance of
May 1 of the preceding Fiscal Year
For Non -Residential Property, all parcels for which a building permit for new
construction of a non-residential structure (which may include Loft Units)
was issued prior to May 1 of the preceding Fiscal Year
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
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B. SPECIAL TAX SPREAD
The following table summarizes the number of parcels in each land use
classification according to its square footage as well as the Applied Special Tax
Rate for each classification.
Less man 6,uuu 51-
u
1u.uu
4iu.uu
8,000-12,000 SF
0
$0.00
0.00
12,001-14,000 SF
5
$3,920.66
19,603.30
14,001-16,000 SF
41
$4,060.70
166,488.70
16,001-18,000 SF
31
$4,200.72
130,222.32
18,001-20,000 SF
14
$4,340.74
60,770.36
20,001-22,000 SF
3
$4,480.76
13,442.28
Greater than 22,000
4
$4,620.78
18,483.12
Golf Course Property
3
$2,047.44
140,024.12
Zone 1 Total
101
$549,034.20
Tax Zone 2
Single Family Attached
11
$2,520.42
$27,724.62
Less than 8,000 SF
5
$2,520.42
12,602.10
8,000-12,000 SF
1
$4,725.80
4,725.80
12,001-14,000 SF
5
$4,900.84
24,504.20
14,001-16,000 SF
88
$5,075.86
446,675.68
16,001-18,000 SF
73
$5,250.90
383,315.70
18,001-20,000 SF
39
$5,425.92
211,610.88
20,001-22,000 SF
26
$5,600.96
145,624.96
Greater than 22,000
40
$5,775.98
231,039.20
Golf Course Property
3
$679.43
140,024.10
Zone 2 Total
291
$1,627,847.24
Undeveloped
Undeveloped
15
$10,284.46
$478,844.68
Total
-i
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
W W I LLDAN
C. MAXIMUM ASSIGNED AND APPLIED SPECIAL TAX RATES
The following table summarizes the percent of the Applied Special Tax to the
Maximum Assigned Special Tax rate.
i ax cone i
Less than 8,000 SF
$2,520.43
$0.00
0.00%
8,000-12,000 SF
$3,780.65
$0.00
0.00%
12,001-14,000 SF
$3,920.68
$3,920.66
100.00%
14,001-16,000 SF
$4,060.70
$4,060.70
100.00%
16,001-18,000 SF
$4,200.72
$4,200.72
100.00%
18,001-20,000 SF
$4,340.75
$4,340.74
100.00%
20,001-22,000 SF
$4,480.77
$4,480.76
100.00%
Greater than 22,000
$4,620.80
$4,620.78
100.00%
Golf Course Property
$2,047.44
$2,047.44
100.00%
Tax Zone 2
Single Family Attached
$2,520.43
$2,520.42
100.00%
Less than 8,000 SF
$2,520.43
$2,520.42
100.00%
8,000-12,000 SF
$4,725.81
$4,725.80
100.00%
12,001-14,000 SF
$4,900.84
$4,900.84
100.00%
14,001-16,000 SF
$5,075.88
$5,075.86
100.00%
16,001-18,000 SF
$5,250.91
$5,250.90
100.00%
18,001-20,000 SF
$5,425.94
$5,425.92
100.00%
20,001-22,000 SF
$5,600.97
$5,600.96
100.00%
Greater than 22,000
$5,776.00
$5,775.98
100.00%
Golf Course Property
$679.43
$679.43
100.00%
Undeveloped
Undeveloped $24,504.22 $10,284.46 41.97%
0) Based on the Rate and Method of Apportionment, the maximum assigned special tax rates have been escalated by two
percent (2.00%) over the prior fiscal year.
Truckee Donner PUD Page 18
Community Facilities District No. 04-1 (Gray's Crossing) November 2021
W W I LLDAN
D. APPLIED SPECIAL TAX PROGRESSION
The following table summarizes the percent change of Fiscal Year 2021 /22 Applied
Special Tax Rate as compared to Fiscal Year 2020/21 Applied Special Tax Rate.
LCJJ UldlI 0,000 Jr-
aPU.UV
.pU.UU
IV/M
8,000-12,000 SF
$0.00
$0.00
N/A
12,001-14,000 SF
$3,920.66
$3,843.78
2.00%
14,001-16,000 SF
$4,060.70
$3,981.06
2.00%
16,001-18,000 SF
$4,200.72
$4,118.34
2.00%
18,001-20,000 SF
$4,340.74
$4,255.62
2.00%
20,001-22,000 SF
$4,480.76
$4,392.90
2.00%
Greater than 22,000
$4,620.78
$4,530.18
2.00%
Golf Course Property
$2,047.44
$2,007.29
2.00%
Zone 1 Total
Tax Zone 2
Single Family Attached
$2,520.42
$2,471.00
2.00%
Less than 8,000 SF
$2,520.42
$2,471.00
2.00%
8,000-12,000 SF
$4,725.80
$4,633.14
2.00%
12,001-14,000 SF
$4,900.84
$4,804.74
2.00%
14,001-16,000 SF
$5,075.86
$4,976.34
2.00%
16,001-18,000 SF
$5,250.90
$5,147.94
2.00%
18,001-20,000 SF
$5,425.92
$5,319.54
2.00%
20,001-22,000 SF
$5,600.96
$5,491.14
2.00%
Greater than 22,000
$5,775.98
$5,662.74
2.00%
Golf Course Property
$679.43
$666.11
2.00%
Zone 2 Total
Undeveloped
Undeveloped
$10,284.46
$10,120.82
1.62%
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Community Facilities District No. 04-1 (Gray's Crossing) November 2021
W WILLDAN
EXHIBIT A
TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1
(GRAYS CROSSING)
Fiscal Year 2021122 Charge Detail Report
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-770-002-000
11163 CHINA CAMP RD
1,192,517.00
0.00
1,192,517.00
2
NA
361,682.36
151,798.74
019-770-003-000
11054 CHINA CAMP RD
23,886.00
0.00
23,886.00
1
"16,001-18,000"
4,200.72
4,200.72
019-770-004-000
11072 CHINA CAMP RD
24,363.00
0.00
24,363.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-005-000
11092 CHINA CAMP RD
283,405.00
850,217.00
1,133,622.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-006-000
11106 CHINA CAMP RD
180,000.00
0.00
180,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-007-000
11122 CHINA CAMP RD
120,885.00
1,161,552.00
1,282,437.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-008-000
11140 CHINA CAMP RD
99,926.00
1,188,044.00
1,287,970.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-009-000
11160 CHINA CAMP RD
24,455.00
0.00
24,455.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-010-000
11184 CHINA CAMP RD
101,036.00
803,236.00
904,272.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-011-000
11208 CHINA CAMP RD
120,885.00
1,103,737.00
1,224,622.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-012-000
11226 CHINA CAMP RD
225,000.00
1,420,000.00
1,645,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-013-000
11242 CHINA CAMP RD
175,000.00
0.00
175,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-014-000
11229 CHINA CAMP RD
130,841.00
0.00
130,841.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-015-000
11209 CHINA CAMP RD
82,509.00
809,512.00
892,021.00
1
"14,001-16,000"
4,060.70
4,060.70
019-770-016-000
11125 CHINA CAMP RD
29,005.00
0.00
29,005.00
1
"12,001-14,000"
3,920.68
3,920.66
019-770-017-000
11101 CHINA CAMP RD
140,000.00
0.00
140,000.00
1
"12,001-14,000"
3,920.68
3,920.66
019-770-018-000
11083 CHINA CAMP RD
90,000.00
0.00
90,000.00
1
"12,001-14,000"
3,920.68
3,920.66
019-780-001-000
11258 CHINA CAMP RD
68,052.00
828,524.00
896,576.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-002-000
11274 CHINA CAMP RD
32,419.00
0.00
32,419.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-003-000
11290 CHINA CAMP RD
111,467.00
290,983.00
402,450.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-004-000
11306 CHINA CAMP RD
90,000.00
0.00
90,000.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-005-000
11312 CHINA CAMP RD
150,000.00
0.00
150,000.00
1
"20,001-22,000"
4,480.77
4,480.76
019-780-006-000
11636 COBURN DR
80,000.00
0.00
80,000.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-007-000
10701 LABELLE CT
126,141.00
1,024,899.00
1,151,040.00
1
"Greater than 22,000"
4,620.80
4,620.78
019-780-008-000
10751 LABELLE CT
113,527.00
0.00
113,527.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-009-000
10769 LABELLE CT
150,000.00
0.00
150,000.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-010-000
10789 LABELLE CT
127,043.00
1,420,398.00
1,547,441.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-011-000
10801 LABELLE CT
105,311.00
0.00
105,311.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-012-000
10811 LABELLE CT
82,022.00
0.00
82,022.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-014-000
10800 LABELLE CT
154,585.00
1,339,737.00
1,494,322.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-015-000
10788 LABELLE CT
164,337.00
181,864.00
346,201.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-016-000
10768 LABELLE CT
126,295.00
1,389,245.00
1,515,540.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-017-000
10750 LABELLE CT
92,959.00
0.00
92,959.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-018-000
11756 COBURN DR
100,025.00
0.00
100,025.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-019-000
11330 CHINA CAMP RD
84,400.00
0.00
84,400.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-020-000
11352 CHINA CAMP RD
132,500.00
0.00
132,500.00
1
"18,001-20,000"
4,340.75
4,340.74
019-780-021-000
11400 CHINA CAMP RD
131,397.00
1,133,201.00
1,264,598.00
1
"16,001-18,000"
4,200.72
4,200.72
019-780-022-000
11417 CHINA CAMP RD
114,500.00
0.00
114,500.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-023-000
11397 CHINA CAMP RD
118,895.00
133,367.00
252,262.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-024-000
11383 CHINA CAMP RD
105,077.00
0.00
105,077.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-025-000
11365 CHINA CAMP RD
107,219.00
803,078.00
910,297.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-026-000
11349 CHINA CAMP RD
115,629.00
0.00
115,629.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-027-000
11333 CHINA CAMP RD
35,505.00
905,459.00
940,964.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-028-000
11315 CHINA CAMP RD
62,162.00
923,881.00
986,043.00
1
"14,001-16,000"
4,060.70
4,060.70
019-780-029-000
11301 CHINA CAMP RD
69,048.00
0.00
69,048.00
1
"16,001-18,000"
4,200.72
4,200.72
Willdan Financial Services Page 1 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-790-003-000
11555 CHINA CAMP RD
32,489.00
0.00
32,489.00
1
"16,001-18,000"
4,200.72
4,200.72
019-790-004-000
11539 CHINA CAMP RD
22,749.00
0.00
22,749.00
1
"16,001-18,000"
4,200.72
4,200.72
019-790-005-000
11523 CHINA CAMP RD
25,593.00
0.00
25,593.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-006-000
11509 CHINA CAMP RD
175,000.00
1,424,000.00
1,599,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-007-000
11493 CHINA CAMP RD
90,000.00
0.00
90,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-008-000
11471 CHINA CAMP RD
90,000.00
0.00
90,000.00
1
"20,001-22,000"
4,480.77
4,480.76
019-790-009-000
11464 CHINA CAMP RD
33,138.00
0.00
33,138.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-010-000
11478 CHINA CAMP RD
151,554.00
1,076,033.00
1,227,587.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-011-000
11516 CHINA CAMP RD
112,580.00
1,629,747.00
1,742,327.00
1
"18,001-20,000"
4,340.75
4,340.74
019-790-012-000
11574 CHINA CAMP RD
95,700.00
0.00
95,700.00
1
"18,001-20,000"
4,340.75
4,340.74
019-790-013-000
11608 CHINA CAMP RD
101,036.00
1,237,691.00
1,338,727.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-014-000
11628 CHINA CAMP RD
113,362.00
1,261,414.00
1,374,776.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-015-000
11644 CHINA CAMP RD
125,767.00
1,416,271.00
1,542,038.00
1
"16,001-18,000"
4,200.72
4,200.72
019-790-016-000
11759 COBURN DR
110,000.00
0.00
110,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-017-000
11729 COBURN DR
84,400.00
0.00
84,400.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-018-000
11711 COBURN DR
54,660.00
195,000.00
249,660.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-019-000
11671 COBURN DR
84,400.00
0.00
84,400.00
1
"Greater than 22,000"
4,620.80
4,620.78
019-790-020-000
11422 CHINA CAMP RD
33,138.00
0.00
33,138.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-021-000
11436 CHINA CAMP RD
58,032.00
0.00
58,032.00
1
"14,001-16,000"
4,060.70
4,060.70
019-790-022-000
10576 BRICKELL CT
103,347.00
0.00
103,347.00
1
"18,001-20,000"
4,340.75
4,340.74
019-790-023-000
10573 BRICKELL CT
33,138.00
0.00
33,138.00
1
"18,001-20,000"
4,340.75
4,340.74
019-790-024-000
10567 BRICKELL CT
150,000.00
0.00
150,000.00
1
"16,001-18,000"
4,200.72
4,200.72
019-790-025-000
10551 BRICKELL CT
25,524.00
0.00
25,524.00
1
"16,001-18,000"
4,200.72
4,200.72
019-790-026-000
10541 BRICKELL CT
106,900.00
0.00
106,900.00
1
"12,001-14,000"
3,920.68
3,920.66
019-790-027-000
10529 BRICKELL CT
115,629.00
1,063,200.00
1,178,829.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-001-000
11762 COBURN DR
77,261.00
0.00
77,261.00
1
"18,001-20,000"
4,340.75
4,340.74
019-800-002-000
11728 CHINA CAMP RD
47,340.00
0.00
47,340.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-003-000
11746 CHINA CAMP RD
35,505.00
852,196.00
887,701.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-004-000
11768 CHINA CAMP RD
139,386.00
1,404,584.00
1,543,970.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-005-000
11776 CHINA CAMP RD
82,022.00
0.00
82,022.00
1
"12,001-14,000"
3,920.68
3,920.66
019-800-008-000
11759 CHINA CAMP RD
445,587.00
970,786.00
1,416,373.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-009-000
11737 CHINA CAMP RD
106,979.00
777,224.00
884,203.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-010-000
11719 CHINA CAMP RD
99,861.00
0.00
99,861.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-011-000
11699 CHINA CAMP RD
169,000.00
0.00
169,000.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-012-000
11820 COBURN DR
51,191.00
0.00
51,191.00
1
"20,001-22,000"
4,480.77
4,480.76
019-800-013-000
11830 COBURN DR
176,813.00
0.00
176,813.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-014-000
11848 COBURN DR
176,813.00
0.00
176,813.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-015-000
11874 COBURN DR
112,022.00
1,173,000.00
1,285,022.00
1
"18,001-20,000"
4,340.75
4,340.74
019-800-016-000
11900 COBURN DR
82,848.00
915,803.00
998,651.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-017-000
11910 COBURN DR
141,560.00
1,613,821.00
1,755,381.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-018-000
11920 COBURN DR
203,717.00
1,660,839.00
1,864,556.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-019-000
11919 COBURN DR
77,292.00
0.00
77,292.00
1
"Greater than 22,000"
4,620.80
4,620.78
019-800-020-000
11893 COBURN DR
136,978.00
1,000,000.00
1,136,978.00
1
"18,001-20,000"
4,340.75
4,340.74
019-800-021-000
11881 COBURN DR
139,126.00
0.00
139,126.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-022-000
11863 COBURN DR
126,141.00
1,240,390.00
1,366,531.00
1
"14,001-16,000"
4,060.70
4,060.70
Willdan Financial Services Page 2 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-800-024-000
11835 COBURN DR
81,051.00
0.00
81,051.00
1
"14,001-16,000"
4,060.70
4,060.70
019-800-025-000
11657 CHINA CAMP RD
160,000.00
0.00
160,000.00
1
"18,001-20,000"
4,340.75
4,340.74
019-800-026-000
11631 CHINA CAMP RD
84,094.00
0.00
84,094.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-027-000
11607 CHINA CAMP RD
47,697.00
0.00
47,697.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-028-000
11585 CHINA CAMP RD
145,000.00
1,325,000.00
1,470,000.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-029-000
11660 CHINA CAMP RD
95,866.00
434,136.00
530,002.00
1
"16,001-18,000"
4,200.72
4,200.72
019-800-030-000
11777 CHINA CAMP RD
195,807.00
0.00
195,807.00
1
"Greater than 22,000"
4,620.80
4,620.78
019-840-001-000
11710 BOTTCHER LP
67,946.00
0.00
67,946.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-002-000
11690 BOTTCHER LP
51,272.00
0.00
51,272.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-003-000
11670 BOTTCHER LP
70,823.00
0.00
70,823.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-004-000
11685 KELLEY DR
101,036.00
1,465,022.00
1,566,058.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-005-000
11695 KELLEY DR
99,000.00
0.00
99,000.00
2
"12,001-14,000"
4,900.84
4,900.84
019-840-006-000
11705 KELLEY DR
57,235.00
0.00
57,235.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-007-000
11715 KELLEY DR
102,147.00
1,066,637.00
1,168,784.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-008-000
11735 KELLEY DR
54,681.00
0.00
54,681.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-009-000
11784 KELLEY DR
107,219.00
1,120,450.00
1,227,669.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-010-000
11764 KELLEY DR
114,831.00
1,186,605.00
1,301,436.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-011-000
11744 KELLEY DR
250,000.00
1,900,000.00
2,150,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-012-000
11724 KELLEY DR
92,959.00
0.00
92,959.00
2
"18,001-20,000"
5,425.94
5,425.92
019-840-013-000
11704 KELLEY DR
142,173.00
1,438,143.00
1,580,316.00
2
"18,001-20,000"
5,425.94
5,425.92
019-840-014-000
11684 KELLEY DR
250,000.00
1,500,000.00
1,750,000.00
2
"18,001-20,000"
5,425.94
5,425.92
019-840-015-000
11664 KELLEY DR
220,000.00
1,220,000.00
1,440,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-016-000
11650 BOTTCHER LP
126,295.00
0.00
126,295.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-017-000
11630 BOTTCHER LP
137,000.00
0.00
137,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-018-000
11610 BOTTCHER LP
123,668.00
0.00
123,668.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-019-000
11590 BOTTCHER LP
103,895.00
145,000.00
248,895.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-020-000
11570 BOTTCHER LP
122,133.00
0.00
122,133.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-021-000
11550 BOTTCHER LP
250,000.00
1,625,000.00
1,875,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-022-000
11530 BOTTCHER LP
153,776.00
257,641.00
411,417.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-023-000
11521 BOTTCHER LP
175,000.00
1,500,000.00
1,675,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-024-000
11541 BOTTCHER LP
71,546.00
1,329,659.00
1,401,205.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-025-000
11561 BOTTCHER LP
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-026-000
11581 BOTTCHER LP
141,450.00
0.00
141,450.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-027-000
11621 BOTTCHER LP
150,108.00
1,431,389.00
1,581,497.00
2
"16,001-18,000"
5,250.91
5,250.90
019-840-028-000
11641 BOTTCHER LP
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-029-000
11651 BOTTCHER LP
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-840-030-000
11675 KELLEY DR
47,340.00
1,065,246.00
1,112,586.00
2
"18,001-20,000"
5,425.94
5,425.92
019-850-002-000
11411 GHIRARD RD
323,315.00
0.00
323,315.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-003-000
11431 GHIRARD RD
277,849.00
1,419,555.00
1,697,404.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-004-000
11451 GHIRARD RD
241,771.00
1,428,551.00
1,670,322.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-005-000
11471 GHIRARD RD
277,849.00
1,434,711.00
1,712,560.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-006-000
11491 GHIRARD RD
83,471.00
1,401,208.00
1,484,679.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-007-000
11511 GHIRARD RD
166,191.00
1,306,929.00
1,473,120.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-008-000
11510 BOTTCHER LP
52,215.00
814,269.00
866,484.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-009-000
11490 BOTTCHER LP
150,108.00
1,311,302.00
1,461,410.00
2
"14,001-16,000"
5,075.88
5,075.86
Willdan Financial Services Page 3 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-850-011-000
11450 BOTTCHER LP
157,676.00
1,377,043.00
1,534,719.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-012-000
11430 BOTTCHER LP
51,987.00
0.00
51,987.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-013-000
11410 BOTTCHER LP
152,465.00
1,296,102.00
1,448,567.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-014-000
11481 BOTTCHER LP
87,797.00
1,530,392.00
1,618,189.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-015-000
11501 BOTTCHER LP
103,895.00
0.00
103,895.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-016-000
11624 KELLEY DR
158,000.00
0.00
158,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-017-000
11604 KELLEY DR
155,000.00
0.00
155,000.00
2
"20,001-22,000"
5,600.97
5,600.96
019-850-018-000
11584 KELLEY DR
155,000.00
0.00
155,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-850-019-000
11564 KELLEY DR
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-020-000
11544 KELLEY DR
140,000.00
1,100,000.00
1,240,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-021-000
11524 KELLEY DR
75,000.00
1,665,000.00
1,740,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-022-000
11520 GHIRARD RD
29,005.00
0.00
29,005.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-023-000
11500 GHIRARD RD
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-024-000
11480 GHIRARD RD
168,188.00
1,119,505.00
1,287,693.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-025-000
11460 GHIRARD RD
160,198.00
1,303,461.00
1,463,659.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-026-000
11440 GHIRARD RD
100,025.00
0.00
100,025.00
2
"14,001-16,000"
5,075.88
5,075.86
019-850-027-000
11420 GHIRARD RD
126,295.00
0.00
126,295.00
2
"16,001-18,000"
5,250.91
5,250.90
019-860-002-000
11191 GHIRARD RD
190,000.00
0.00
190,000.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-003-000
11261 GHIRARD RD
225,310.00
0.00
225,310.00
2
"20,001-22,000"
5,600.97
5,600.96
019-860-004-000
11251 GHIRARD RD
400,000.00
1,949,000.00
2,349,000.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-005-000
11291 GHIRARD RD
313,312.00
101,036.00
414,348.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-006-000
11311 GHIRARD RD
169,873.00
1,891,285.00
2,061,158.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-007-000
11331 GHIRARD RD
293,711.00
1,370,654.00
1,664,365.00
2
"16,001-18,000"
5,250.91
5,250.90
019-860-008-000
11371 GHIRARD RD
246,605.00
1,564,551.00
1,811,156.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-009-000
11391 GHIRARD RD
124,317.00
1,597,983.00
1,722,300.00
2
"18,001-20,000"
5,425.94
5,425.92
019-860-010-000
11400 GHIRARD RD
195,000.00
0.00
195,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-011-000
11380 GHIRARD RD
110,807.00
1,149,988.00
1,260,795.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-012-000
11360 GHIRARD RD
45,501.00
0.00
45,501.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-013-000
11340 GHIRARD RD
154,585.00
1,828,751.00
1,983,336.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-014-000
11320 GHIRARD RD
175,000.00
1,685,000.00
1,860,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-015-000
11300 GHIRARD RD
131,346.00
1,540,799.00
1,672,145.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-016-000
11280 GHIRARD RD
79,085.00
788,326.00
867,411.00
2
"14,001-16,000"
5,075.88
5,075.86
019-860-017-000
11260 GHIRARD RD
150,108.00
1,233,032.00
1,383,140.00
2
"16,001-18,000"
5,250.91
5,250.90
019-860-018-000
11240 GHIRARD RD
135,787.00
1,141,706.00
1,277,493.00
2
"16,001-18,000"
5,250.91
5,250.90
019-860-019-000
11220 GHIRARD RD
120,885.00
0.00
120,885.00
2
"16,001-18,000"
5,250.91
5,250.90
019-860-020-000
11200 GHIRARD RD
129,400.00
0.00
129,400.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-002-000
11531 GHIRARD RD
200,000.00
1,750,000.00
1,950,000.00
2
"18,001-20,000"
5,425.94
5,425.92
019-870-003-000
11551 GHIRARD RD
252,282.00
1,508,441.00
1,760,723.00
2
"18,001-20,000"
5,425.94
5,425.92
019-870-004-000
11571 GHIRARD RD
203,717.00
1,254,476.00
1,458,193.00
2
"20,001-22,000"
5,600.97
5,600.96
019-870-005-000
11611 GHIRARD RD
302,780.00
676,000.00
978,780.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-870-006-000
11631 GHIRARD RD
235,253.00
1,091,123.00
1,326,376.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-870-007-000
11651 GHIRARD RD
185,919.00
1,203,009.00
1,388,928.00
2
"20,001-22,000"
5,600.97
5,600.96
019-870-008-000
11890 BOTTCHER LP
32,489.00
0.00
32,489.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-009-000
11870 BOTTCHER LP
100,000.00
0.00
100,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-010-000
11850 BOTTCHER LP
112,580.00
0.00
112,580.00
2
"14,001-16,000"
5,075.88
5,075.86
Willdan Financial Services Page 4 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-870-012-000
11810
BOTTCHER LP
53,731.00
0.00
53,731.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-013-000
11790
BOTTCHER LP
155,000.00
0.00
155,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-014-000
11770
BOTTCHER LP
150,000.00
1,000,000.00
1,150,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-015-000
11750
BOTTCHER LP
39,055.00
0.00
39,055.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-016-000
11730
BOTTCHER LP
59,620.00
894,388.00
954,008.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-017-000
11721
BOTTCHER LP
71,546.00
970,363.00
1,041,909.00
2
"20,001-22,000"
5,600.97
5,600.96
019-870-018-000
11741
BOTTCHER LP
36,548.00
0.00
36,548.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-019-000
11761
BOTTCHER LP
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-020-000
11781
BOTTCHER LP
139,465.00
478,910.00
618,375.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-021-000
11801
BOTTCHER LP
104,002.00
0.00
104,002.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-022-000
11821
BOTTCHER LP
136,897.00
1,588,029.00
1,724,926.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-023-000
11841
BOTTCHER LP
118,100.00
0.00
118,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-024-000
11861
BOTTCHER LP
73,273.00
0.00
73,273.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-025-000
11891
BOTTCHER LP
133,973.00
1,257,291.00
1,391,264.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-026-000
11680
GHIRARD RD
133,973.00
0.00
133,973.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-027-000
11660
GHIRARD RD
169,848.00
1,014,387.00
1,184,235.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-028-000
11640
GHIRARD RD
199,010.00
495,000.00
694,010.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-029-000
11620
GHIRARD RD
118,100.00
0.00
118,100.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-030-000
11600
GHIRARD RD
145,940.00
111,139.00
257,079.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-031-000
11580
GHIRARD RD
147,500.00
0.00
147,500.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-032-000
11560
GHIRARD RD
156,452.00
858,806.00
1,015,258.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-033-000
11540
GHIRARD RD
170,043.00
1,478,863.00
1,648,906.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-034-000
11555
KELLEY DR
189,000.00
0.00
189,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-035-000
11575
KELLEY DR
71,013.00
0.00
71,013.00
2
"14,001-16,000"
5,075.88
5,075.86
019-870-036-000
11595
KELLEY DR
151,554.00
1,212,432.00
1,363,986.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-037-000
11615
KELLEY DR
73,610.00
990,941.00
1,064,551.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-038-000
11635
KELLEY DR
118,100.00
0.00
118,100.00
2
"16,001-18,000"
5,250.91
5,250.90
019-870-039-000
11655
KELLEY DR
208,191.00
0.00
208,191.00
2
"14,001-16,000"
5,075.88
5,075.86
019-880-001-000
11082
MEEK CT
286,922.00
738,573.00
1,025,495.00
2
"20,001-22,000"
5,600.97
5,600.96
019-880-002-000
11102
MEEK CT
126,968.00
699,501.00
826,469.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-880-003-000
11122
MEEK CT
154,938.00
1,131,923.00
1,286,861.00
2
"18,001-20,000"
5,425.94
5,425.92
019-880-004-000
11142
MEEK CT
107,584.00
769,536.00
877,120.00
2
"20,001-22,000"
5,600.97
5,600.96
019-880-005-000
11139
MEEK CT
74,141.00
1,424,346.00
1,498,487.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-880-006-000
11133
MEEK CT
208,100.00
0.00
208,100.00
2
"18,001-20,000"
5,425.94
5,425.92
019-880-007-000
11113
MEEK CT
170,043.00
1,735,798.00
1,905,841.00
2
"16,001-18,000"
5,250.91
5,250.90
019-880-008-000
10989
GHIRARD RD
69,620.00
1,499,932.00
1,569,552.00
2
"16,001-18,000"
5,250.91
5,250.90
019-880-009-000
11011
GHIRARD RD
277,849.00
1,333,675.00
1,611,524.00
2
"16,001-18,000"
5,250.91
5,250.90
019-880-010-000
11031
GHIRARD RD
252,282.00
1,350,764.00
1,603,046.00
2
"16,001-18,000"
5,250.91
5,250.90
019-880-011-000
11051
GHIRARD RD
208,100.00
0.00
208,100.00
2
"14,001-16,000"
5,075.88
5,075.86
019-880-012-000
11000
GHIRARD RD
150,435.00
999,650.00
1,150,085.00
2
"14,001-16,000"
5,075.88
5,075.86
019-880-013-000
11020
GHIRARD RD
129,326.00
0.00
129,326.00
2
"18,001-20,000"
5,425.94
5,425.92
019-880-014-000
11040
GHIRARD RD
198,499.00
775,956.00
974,455.00
2
"18,001-20,000"
5,425.94
5,425.92
019-880-015-000
11060
GHIRARD RD
71,430.00
0.00
71,430.00
2
"20,001-22,000"
5,600.97
5,600.96
019-880-016-000
11080
GHIRARD RD
39,813.00
0.00
39,813.00
2
"16,001-18,000"
5,250.91
5,250.90
019-880-017-000
11100
GHIRARD RD
164,890.00
0.00
164,890.00
2
"16,001-18,000"
5,250.91
5,250.90
Willdan Financial Services Page 5 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-890-001-000
11671
GHIRARD
RD
171,552.00
1,249,115.00
1,420,667.00
2
"18,001-20,000"
5,425.94
5,425.92
019-890-002-000
11691
GHIRARD
RD
82,727.00
972,340.00
1,055,067.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-003-000
11711
GHIRARD
RD
220,000.00
0.00
220,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-004-000
11731
GHIRARD
RD
220,000.00
0.00
220,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-005-000
11751
GHIRARD
RD
126,295.00
1,490,281.00
1,616,576.00
2
"18,001-20,000"
5,425.94
5,425.92
019-890-006-000
11771
GHIRARD
RD
200,000.00
0.00
200,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-007-000
11791
GHIRARD
RD
245,000.00
0.00
245,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-008-000
11831
GHIRARD
RD
190,654.00
0.00
190,654.00
2
"20,001-22,000"
5,600.97
5,600.96
019-890-009-000
11840
GHIRARD
RD
117,941.00
948,898.00
1,066,839.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-010-000
11820
GHIRARD
RD
77,007.00
0.00
77,007.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-011-000
11800
GHIRARD
RD
137,598.00
100,000.00
237,598.00
2
"14,001-16,000"
5,075.88
5,075.86
019-890-012-000
11780
GHIRARD
RD
85,500.00
0.00
85,500.00
2
"14,001-16,000"
5,075.88
5,075.86
019-890-013-000
11760
GHIRARD
RD
143,497.00
1,043,095.00
1,186,592.00
2
"14,001-16,000"
5,075.88
5,075.86
019-890-014-000
11950
BOTTCHER
LP
75,700.00
1,220,417.00
1,296,117.00
2
"18,001-20,000"
5,425.94
5,425.92
019-890-015-000
11930
BOTTCHER
LP
102,500.00
0.00
102,500.00
2
"14,001-16,000"
5,075.88
5,075.86
019-890-016-000
11910
BOTTCHER
LP
113,600.00
1,367,600.00
1,481,200.00
2
"14,001-16,000"
5,075.88
5,075.86
019-890-017-000
11720
GHIRARD
RD
123,302.00
0.00
123,302.00
2
"16,001-18,000"
5,250.91
5,250.90
019-890-018-000
11700
GHIRARD
RD
147,164.00
992,010.00
1,139,174.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-002-000
11021
HENNESS
RD
131,346.00
1,045,722.00
1,177,068.00
2
"18,001-20,000"
5,425.94
5,425.92
019-900-003-000
11041
HENNESS
RD
112,500.00
0.00
112,500.00
2
"16,001-18,000"
5,250.91
5,250.90
019-900-004-000
11061
HENNESS
RD
136,653.00
1,492,673.00
1,629,326.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-005-000
11081
HENNESS
RD
128,663.00
1,388,501.00
1,517,164.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-006-000
11111
HENNESS
RD
222,000.00
0.00
222,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-007-000
11121
HENNESS
RD
113,362.00
0.00
113,362.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-008-000
11141
HENNESS
RD
34,808.00
0.00
34,808.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-009-000
11149
HENNESS
RD
250,000.00
1,800,000.00
2,050,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-010-000
11150
HENNESS
RD
130,234.00
0.00
130,234.00
2
"16,001-18,000"
5,250.91
5,250.90
019-900-011-000
11130
HENNESS
RD
140,238.00
1,308,085.00
1,448,323.00
2
"16,001-18,000"
5,250.91
5,250.90
019-900-012-000
11110
HENNESS
RD
155,447.00
574,894.00
730,341.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-900-013-000
11002
MEEK CT
289,074.00
0.00
289,074.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-900-014-000
11022
MEEK CT
147,891.00
989,752.00
1,137,643.00
2
"18,001-20,000"
5,425.94
5,425.92
019-900-017-000
11093
MEEK CT
143,362.00
320,000.00
463,362.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-018-000
11073
MEEK CT
168,188.00
1,366,532.00
1,534,720.00
2
"14,001-16,000"
5,075.88
5,075.86
019-900-019-000
11053
MEEK CT
129,400.00
0.00
129,400.00
2
"20,001-22,000"
5,600.97
5,600.96
019-900-020-000
11033
MEEK CT
144,279.00
1,298,514.00
1,442,793.00
2
"20,001-22,000"
5,600.97
5,600.96
019-900-021-000
11090
HENNESS
RD
175,000.00
1,010,000.00
1,185,000.00
2
"16,001-18,000"
5,250.91
5,250.90
019-900-022-000
11070
HENNESS
RD
143,673.00
170,750.00
314,423.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-900-023-000
11042
HENNESS
RD
226,003.00
1,403,323.00
1,629,326.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-900-024-000
11036
HENNESS
RD
227,331.00
1,429,659.00
1,656,990.00
2
"20,001-22,000"
5,600.97
5,600.96
019-900-025-000
11030
HENNESS
RD
133,973.00
0.00
133,973.00
2
"18,001-20,000"
5,425.94
5,425.92
019-900-026-000
11010
HENNESS
RD
45,297.00
0.00
45,297.00
2
"16,001-18,000"
5,250.91
5,250.90
019-900-027-000
11052
MEEK CT
223,931.00
1,388,929.00
1,612,860.00
2
"Greater than 22,000"
5,776.00
5,775.98
019-910-001-000
11159
HENNESS
RD
160,000.00
0.00
160,000.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-002-000
11169
HENNESS
RD
126,295.00
1,202,328.00
1,328,623.00
2
"20,001-22,000"
5,600.97
5,600.96
019-910-003-000
11199
HENNESS
RD
199,000.00
0.00
199,000.00
2
"18,001-20,000"
5,425.94
5,425.92
Willdan Financial Services Page 6 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
019-910-005-000
11239 HENNESS RD
144,279.00
1,463,405.00
1,607,684.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-006-000
11259 HENNESS RD
109,363.00
883,664.00
993,027.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-007-000
11330 HENNESS RD
154,585.00
330,000.00
484,585.00
2
"18,001-20,000"
5,425.94
5,425.92
019-910-008-000
11310 HENNESS RD
71,546.00
1,359,473.00
1,431,019.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-009-000
11290 HENNESS RD
222,279.00
1,323,571.00
1,545,850.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-010-000
11270 HENNESS RD
227,331.00
1,212,432.00
1,439,763.00
2
"12,001-14,000"
4,900.84
4,900.84
019-910-011-000
NO SITUS AVAILABLE
251,789.00
1,308,820.00
1,560,609.00
2
"12,001-14,000"
4,900.84
4,900.84
019-910-012-000
11230 HENNESS RD
89,433.00
0.00
89,433.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-013-000
11210 HENNESS RD
119,319.00
713,476.00
832,795.00
2
"12,001-14,000"
4,900.84
4,900.84
019-910-014-000
11190 HENNESS RD
275,400.00
603,800.00
879,200.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-015-000
11170 HENNESS RD
176,813.00
1,328,623.00
1,505,436.00
2
"18,001-20,000"
5,425.94
5,425.92
019-910-016-000
11851 GHIRARD RD
206,113.00
0.00
206,113.00
2
"18,001-20,000"
5,425.94
5,425.92
019-910-017-000
11871 GHIRARD RD
195,807.00
0.00
195,807.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-018-000
11881 GHIRARD RD
45,501.00
0.00
45,501.00
2
"16,001-18,000"
5,250.91
5,250.90
019-910-019-000
11890 GHIRARD RD
47,777.00
0.00
47,777.00
2
"20,001-22,000"
5,600.97
5,600.96
019-910-020-000
11880 GHIRARD RD
113,600.00
999,000.00
1,112,600.00
2
"14,001-16,000"
5,075.88
5,075.86
019-910-021-000
11860 GHIRARD RD
36,402.00
0.00
36,402.00
2
"14,001-16,000"
5,075.88
5,075.86
043-010-002-000
NO SITUS AVAILABLE
154,585.00
0.00
154,585.00
2
GC2
29,147.63
29,147.62
043-010-003-000
NO SITUS AVAILABLE
371,004.00
56,681.00
427,685.00
2
GC2
68,643.02
68,643.00
043-010-004-000
10874 HENNESS RD
25,764.00
139,126.00
164,890.00
2
GC1
5,978.51
5,978.50
043-010-005-000
NO SITUS AVAILABLE
324,226.00
0.00
324,226.00
2
Undeveloped
168,098.98
70,551.44
043-010-006-000
NO SITUS AVAILABLE
211,266.00
0.00
211,266.00
2
GC1
120,430.18
120,430.18
043-010-007-000
NO SITUS AVAILABLE
671,209.00
0.00
671,209.00
2
Undeveloped
288,414.73
121,048.18
043-010-008-000
11410 HENNESS RD
252,488.00
2,385,763.00
2,638,251.00
2
GC1
13,615.45
13,615.44
043-020-003-000
10980 GHIRARD CT
150,000.00
0.00
150,000.00
2
"20,001-22,000"
5,600.97
5,600.96
043-020-006-000
10956 RYLEY CT
231,877.00
0.00
231,877.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-007-000
10954 RYLEY CT
156,452.00
1,363,986.00
1,520,438.00
2
"20,001-22,000"
5,600.97
5,600.96
043-020-008-000
10952 RYLEY CT
161,708.00
813,339.00
975,047.00
2
"18,001-20,000"
5,425.94
5,425.92
043-020-009-000
10950 RYLEY CT
151,554.00
1,136,655.00
1,288,209.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-010-000
10948 RYLEY CT
141,909.00
0.00
141,909.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-011-000
10946 RYLEY CT
244,795.00
1,442,794.00
1,687,589.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-012-000
10944 RYLEY CT
218,727.00
0.00
218,727.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-013-000
10942 RYLEY CT
186,861.00
0.00
186,861.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-014-000
10940 RYLEY CT
68,255.00
1,471,302.00
1,539,557.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-020-015-000
10940 GHIRARD CT
39,813.00
0.00
39,813.00
2
Exempt
0.00
0.00
043-020-016-000
NO SITUS AVAILABLE
101,923.00
0.00
101,923.00
2
Exempt
0.00
0.00
043-020-017-000
10920 GHIRARD CT
107,584.00
0.00
107,584.00
2
"16,001-18,000"
5,250.91
5,250.90
043-020-018-000
10900 GHIRARD CT
278,879.00
0.00
278,879.00
2
"20,001-22,000"
5,600.97
5,600.96
043-020-019-000
10880 GHIRARD CT
340,408.00
430,413.00
770,821.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-020-020-000
10860 GHIRARD CT
299,023.00
1,017,090.00
1,316,113.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-020-021-000
10840 GHIRARD CT
308,616.00
1,334,584.00
1,643,200.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-020-022-000
10820 GHIRARD CT
310,000.00
2,130,000.00
2,440,000.00
2
"18,001-20,000"
5,425.94
5,425.92
043-020-023-000
10800 GHIRARD CT
192,524.00
0.00
192,524.00
2
"14,001-16,000"
5,075.88
5,075.86
043-020-024-000
10780 GHIRARD CT
181,196.00
0.00
181,196.00
2
"8,000-12,000"
4,725.81
4,725.80
043-020-025-000
10760 GHIRARD CT
88,767.00
1,910,006.00
1,998,773.00
2
"18,001-20,000"
5,425.94
5,425.92
Willdan Financial Services Page 7 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
043-020-027-000
10931 GHIRARD CT
224,088.00
0.00
224,088.00
2
"18,001-20,000"
5,425.94
5,425.92
043-020-028-000
10951 GHIRARD CT
58,015.00
986,339.00
1,044,354.00
2
"18,001-20,000"
5,425.94
5,425.92
043-020-029-000
10971 GHIRARD CT
115,629.00
0.00
115,629.00
2
"20,001-22,000"
5,600.97
5,600.96
043-020-030-000
NO SITUS AVAILABLE
151,196.00
1,363,986.00
1,515,182.00
2
"20,000-22,000"
5,600.97
5,600.96
043-030-001-000
11545 HENNESS RD
230,000.00
0.00
230,000.00
2
"16,001-18,000"
5,250.91
5,250.90
043-030-002-000
11539 HENNESS RD
131,235.00
0.00
131,235.00
2
"14,001-16,000"
5,075.88
5,075.86
043-030-003-000
11533 HENNESS RD
264,764.00
766,863.00
1,031,627.00
2
"18,001-20,000"
5,425.94
5,425.92
043-030-004-000
11527 HENNESS RD
237,030.00
1,400,540.00
1,637,570.00
2
"20,001-22,000"
5,600.97
5,600.96
043-030-005-000
11521 HENNESS RD
277,849.00
1,379,141.00
1,656,990.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-007-000
11497 HENNESS RD
135,897.00
0.00
135,897.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-008-000
11475 HENNESS RD
188,450.00
1,211,588.00
1,400,038.00
2
"20,001-22,000"
5,600.97
5,600.96
043-030-009-000
11430 HENNESS RD
241,771.00
1,181,524.00
1,423,295.00
2
"14,001-16,000"
5,075.88
5,075.86
043-030-010-000
11438 HENNESS RD
257,641.00
1,288,209.00
1,545,850.00
2
"14,001-16,000"
5,075.88
5,075.86
043-030-011-000
11446 HENNESS RD
201,409.00
1,911,042.00
2,112,451.00
2
"14,001-16,000"
5,075.88
5,075.86
043-030-012-000
11454 HENNESS RD
176,012.00
1,538,924.00
1,714,936.00
2
"18,001-20,000"
5,425.94
5,425.92
043-030-013-000
11462 HENNESS RD
277,849.00
1,389,245.00
1,667,094.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-014-000
11470 HENNESS RD
96,695.00
0.00
96,695.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-015-000
11478 HENNESS RD
111,797.00
1,456,050.00
1,567,847.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-016-000
11486 HENNESS RD
240,546.00
1,161,914.00
1,402,460.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-017-000
11494 HENNESS RD
101,923.00
0.00
101,923.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-018-000
11502 HENNESS RD
91,009.00
0.00
91,009.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-019-000
11510 HENNESS RD
208,100.00
0.00
208,100.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-020-000
11518 HENNESS RD
255,472.00
1,591,317.00
1,846,789.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-021-000
11526 HENNESS RD
169,705.00
1,463,405.00
1,633,110.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-022-000
11534 HENNESS RD
176,505.00
1,409,945.00
1,586,450.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-030-023-000
11542 HENNESS RD
262,693.00
1,555,954.00
1,818,647.00
2
"20,001-22,000"
5,600.97
5,600.96
043-040-003-000
11687 HENNESS RD
175,000.00
0.00
175,000.00
2
"14,001-16,000"
5,075.88
5,075.86
043-040-004-000
11679 HENNESS RD
170,000.00
0.00
170,000.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-005-000
11671 HENNESS RD
220,747.00
0.00
220,747.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-006-000
11667 HENNESS RD
231,877.00
1,056,331.00
1,288,208.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-007-000
11655 HENNESS RD
166,545.00
1,309,696.00
1,476,241.00
2
"18,001-20,000"
5,425.94
5,425.92
043-040-008-000
11647 HENNESS RD
164,046.00
948,189.00
1,112,235.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-009-000
11639 HENNESS RD
108,073.00
0.00
108,073.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-010-000
11633 HENNESS RD
127,403.00
0.00
127,403.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-011-000
11627 HENNESS RD
266,050.00
685,711.00
951,761.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-012-000
11623 HENNESS RD
191,968.00
0.00
191,968.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-013-000
11615 HENNESS RD
240,614.00
1,203,599.00
1,444,213.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-014-000
11607 HENNESS RD
141,560.00
141,560.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-015-000
11595 HENNESS RD
562,143.00
1,260,353.00
1,822,496.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-016-000
11583 HENNESS RD
252,282.00
1,566,256.00
1,818,538.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-017-000
11575 HENNESS RD
252,282.00
1,363,377.00
1,615,659.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-018-000
11561 HENNESS RD
252,590.00
1,413,493.00
1,666,083.00
2
"20,001-22,000"
5,600.97
5,600.96
043-040-019-000
11553 HENNESS RD
108,269.00
0.00
108,269.00
2
"18,001-20,000"
5,425.94
5,425.92
043-040-020-000
11550 HENNESS RD
151,554.00
0.00
151,554.00
2
"20,001-22,000"
5,600.97
5,600.96
043-040-021-000
11558 HENNESS RD
180,754.00
1,287,973.00
1,468,727.00
2
"18,001-20,000"
5,425.94
5,425.92
Willdan Financial Services Page 8 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
043-040-023-000
11574 HENNESS RD
250,000.00
1,470,000.00
1,720,000.00
2
"20,001-22,000"
5,600.97
5,600.96
043-040-024-000
11582 HENNESS RD
149,889.00
-
149,889.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-025-000
11590 HENNESS RD
252,590.00
985,101.00
1,237,691.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-026-000
11598 HENNESS RD
241,244.00
1,420,667.00
1,661,911.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-027-000
11606 HENNESS RD
210,235.00
1,082,713.00
1,292,948.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-028-000
11614 HENNESS RD
156,605.00
0.00
156,605.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-029-000
11622 HENNESS RD
169,514.00
1,219,413.00
1,388,927.00
2
"20,001-22,000"
5,600.97
5,600.96
043-040-030-000
11630 HENNESS RD
210,000.00
0.00
210,000.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-031-000
11638 HENNESS RD
204,979.00
1,003,875.00
1,208,854.00
2
"Greater than 22,000"
5,776.00
5,775.98
043-040-032-000
11646 HENNESS RD
91,009.00
0.00
91,009.00
2
"18,001-20,000"
5,425.94
5,425.92
043-040-033-000
11654 HENNESS RD
180,349.00
330,000.00
510,349.00
2
"16,001-18,000"
5,250.91
5,250.90
043-040-034-000
11662 HENNESS RD
156,605.00
0.00
156,605.00
2
"14,001-16,000"
5,075.88
5,075.86
043-050-001-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-050-002-000
10251 ANNIES LP
92,751.00
716,244.00
808,995.00
2
Condo
2,520.43
2,520.42
043-050-003-000
10249 ANNIES LP
96,497.00
627,237.00
723,734.00
2
Condo
2,520.43
2,520.42
043-050-004-000
10247 ANNIES LP
85,000.00
755,125.00
840,125.00
2
Condo
2,520.43
2,520.42
043-050-005-000
10239 ANNIES LP
92,751.00
788,383.00
881,134.00
2
Condo
2,520.43
2,520.42
043-050-007-000
10235 ANNIES LP
92,751.00
808,995.00
901,746.00
2
Condo
2,520.43
2,520.42
043-050-008-000
10229 ANNIES LP
100,000.00
850,000.00
950,000.00
2
Condo
2,520.43
2,520.42
043-050-009-000
10227 ANNIES LP
94,606.00
850,402.00
945,008.00
2
Condo
2,520.43
2,520.42
043-050-010-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-050-011-000
10215 ANNIES LP
100,000.00
830,000.00
930,000.00
2
Less than 8000
2,520.43
2,520.42
043-050-012-000
10213 ANNIES LP
84,935.00
532,275.00
617,210.00
2
Less than 8000
2,520.43
2,520.42
043-050-013-000
10211 ANNIES LP
34,808.00
673,030.00
707,838.00
2
Less than 8000
2,520.43
2,520.42
043-050-014-000
10201 ANNIES LP
100,000.00
765,000.00
865,000.00
2
Less than 8000
2,520.43
2,520.42
043-050-015-000
10199 ANNIES LP
92,751.00
811,056.00
903,807.00
2
Less than 8000
2,520.43
2,520.42
043-050-016-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-050-017-000
10189 ANNIES LP
113,362.00
767,772.00
881,134.00
2
Condo
2,520.43
2,520.42
043-050-018-000
10187 ANNIES LP
157,676.00
751,592.00
909,268.00
2
Condo
2,520.43
2,520.42
043-050-019-000
10175 ANNIES LP
85,000.00
845,000.00
930,000.00
2
Condo
2,520.43
2,520.42
043-050-020-000
10173 ANNIES LP
85,000.00
844,000.00
929,000.00
2
Condo
2,520.43
2,520.42
043-050-021-000
NO SITUS AVAILABLE
279,568.00
0.00
279,568.00
2
Undeveloped
24,749.27
10,387.30
043-050-022-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-050-023-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-050-024-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-060-001-000
NO SITUS AVAILABLE
221,440.00
0.00
221,440.00
2
Undeveloped
19,603.38
8,227.56
043-060-002-000
NO SITUS AVAILABLE
226,975.00
0.00
226,975.00
2
Undeveloped
20,093.46
8,433.26
043-060-003-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-060-004-000
NO SITUS AVAILABLE
393,058.00
0.00
393,058.00
2
Undeveloped
34,796.00
14,603.94
043-060-005-000
NO SITUS AVAILABLE
340,465.00
0.00
340,465.00
2
Undeveloped
30,140.20
12,649.88
043-060-006-000
NO SITUS AVAILABLE
155,008.00
0.00
155,008.00
2
Undeveloped
13,722.37
5,759.30
043-060-007-000
NO SITUS AVAILABLE
0.00
0.00
0.00
2
Exempt
0.00
0.00
043-060-008-000
NO SITUS AVAILABLE
113,487.00
0.00
113,487.00
2
Undeveloped
10,046.73
4,216.62
043-070-001-000
NO SITUS AVAILABLE
1,184,711.00
0.00
1,184,711.00
2
Undeveloped
104,878.08
44,017.52
043-070-002-000
NO SITUS AVAILABLE
91,342.00
0.00
91,342.00
2
Undeveloped
8,086.39
3,393.86
Willdan Financial Services Page 9 of 10
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
Charge Detail Report (Sorted by Assessor's Parcel Number)
043-070-004-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00
043-070-005-000 NO SITUS AVAILABLE 312,786.00 0.00 312,786.00 2 Undeveloped 27,689.77 11,621.44
043-070-006-000 NO SITUS AVAILABLE 163,311.00 0.00 163,311.00 2 Undeveloped 14,457.49 6,067.82
043-070-007-000 NO SITUS AVAILABLE 0.00 0.00 0.00 2 Exempt 0.00 0.00
Total: $62,789,497.00 $240,966,341.00 $303,755,838.00 $3,317,802.01 $2,655,726.12
Total Charged Parcels: 407
Total Parcels: 419
Willdan Financial Services Page 10 of 10
W WILLDAN
EXHIBIT B
TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1
(GRAYS CROSSING)
Boundary Diagram
It]ENTTFICATLON OF TAX ZONES FOR
PROPOSED COMMUNT Y FAMITIE=S U5TRICT NO. 04 1
(GRAYS CROS5INS)
TRUCkEE bOf&! ER PURLIC UTILnV DISTRICT
COUNTY OF NEVAbA
STAI1E OF CALIFO A
K -S
aLpKMNE d
EMPI NEFxn.6. Iw.
1i LIT 6 W. SYITC 31 90 YJ11CT. 6 mgi
19EOO OCIVL][ rR'l1 IIOAG9V f1C 305TR410CCC0A fL1O1
LEGENE),
RS-X (Singh FamilyResiaardial]
0 RM((Multi-Fan:YAF uidcrrtial]
EN (Neighborhacd CornmercFal)
0 REC(Amrrentim)
0 OS (0p¢n 5poea)
I ZONE]
70NE 2
W WILLDAN
EXHIBIT C
TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1
(GRAYS CROSSING)
Delinquency Summary
DELINQUENCY SUMMARY BY DISTRICT
Truckee Donner PUD
DUE
"DAU
DOLLAR
'I&LA�
DOLLAARSlr%
.
DOLLARS PARCE
.
PARCELS
.
DAT
..lo
OIL
2009/10-1
$1,119,963.85
$38,366.44
3.43%
416
3
09/16/2021
2009/10-2
$1,119,963.85
$38,366.44
3.43%
416
3
09/16/2021
2010/11-1
$1,165,181.90
$202,912.48
17.41 %
416
3
09/16/2021
2010/11-2
$1,165,181.90
$202,912.48
17.41 %
416
3
09/16/2021
2011 /12-1
$1,195,150.68
$211,675.49
17.71 %
416
3
09/16/2021
2011 /12-2
$1,195,150.68
$211,675.49
17.71 %
416
3
09/16/2021
2012/13-1
$1,236,735.78
$228,393.70
18.47%
416
3
09/16/2021
2012/13-2
$1,236,735.78
$228,393.70
18.47%
416
3
09/16/2021
2013/14-1
$1,264,729.82
$235,262.73
18.60%
416
3
09/16/2021
2013/14-2
$1,264,729.82
$235,262.73
18.60%
416
3
09/16/2021
2014/15-1
$1,284,580.98
$236,125.03
18.38%
416
3
09/16/2021
2014/15-2
$1,284,580.98
$236,125.03
18.38%
416
3
09/16/2021
2015/16-1
$1,299,558.24
$235,092.91
18.09%
415
3
09/16/2021
2015/16-2
$1,299,558.24
$235,092.91
18.09%
415
3
09/16/2021
2016/17-1
$1,319,863.48
$238,534.36
18.07%
413
3
09/16/2021
2016/17-2
$1,319,863.48
$238,534.36
18.07%
413
3
09/16/2021
2017/18-1
$1,241,081.09
$161,671.77
13.03%
413
3
09/16/2021
2017/18-2
$1,241,081.09
$161,671.77
13.03%
413
3
09/16/2021
2018/19-1
$1,252,842.07
$160,968.00
12.85%
408
3
09/16/2021
2018/19-2
$1,252,842.07
$160,968.00
12.85%
408
3
09/16/2021
2019/20-1
$1,289,656.10
$57,672.01
4.47%
407
2
09/16/2021
2019/20-2
$1,289,656.10
$169,384.21
13.13%
407
8
09/16/2021
2020/21-1
$1,302,711.62
$174,200.91
13.37%
407
5
09/16/2021
2020/21-1
$1,302,711.62
$176,328.72
13.54%
407
6
09/16/2021
TOTAL
$29,944,111.22
$4,475,591.67
14.95%
Page 1 of 1
W WILLDAN
EXHIBIT D
TRUCKEE DONNER PUD
CFD 04-1 (GRA YES CROSSING) SERIES 2004 AND SERIES 2005
Debt Service Schedules
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
REVISED DEBT SERVICE SCHEDULE
Dated Date:
First Coupon:
First Maturity:
9/14/2004
3/1/2005
9/1/2007
Payment Due
Interest
Rate
Bond Call Called Amount
Principal Due
Interest
Due
Semi -Annual
Payment
Total Annual
3/1/2005
$403,724.82
$403,724.82
9/1/2005
3.25000%
0.00
435,152.50
435,152.50
838,877.32
3/1/2006
435,152.50
435,152.50
9/1/2006
3.25000%
0.00
435,152.50
435,152.50
870,305.00
3/1/2007
435,152.50
435,152.50
9/1/2007
3.25000%
15,000.00
435,152.50
450,152.50
885,305.00
3/1/2008
434,908.75
434,908.75
9/1/2008
3.50000%
35,000.00
434,908.75
469,908.75
904,817.50
3/1/2009
434,296.25
434,296.25
9/1/2009
3.90000%
50,000.00
434,296.25
484,296.25
918,592.50
3/1/2010
433,321.25
433,321.25
9/1/2010
4.15000%
70,000.00
433,321.25
503,321.25
936,642.50
3/1/2011
431,868.75
431,868.75
9/1/2011
4.35000%
95,000.00
431,868.75
526,868.75
958,737.50
3/1/2012
429,802.50
429,802.50
9/1/2012
4.65000%
115,000.00
429,802.50
544,802.50
974,605.00
3/1/2013
427,128.75
427,128.75
9/1/2013
4.75000%
140,000.00
427,128.75
567,128.75
994,257.50
3/1/2014
423,803.75
423,803.75
9/1/2014
4.90000%
170,000.00
423,803.75
593,803.75
1,017,607.50
3/1/2015
419,638.75
419,638.75
9/1/2015
5.00000%
200,000.00
419,638.75
619,638.75
1,039,277.50
3/1/2016
20,000.00
414,638.75
434,638.75
9/1/2016
5.10000%
230,000.00
414,058.75
644,058.75
1,078,697.50
3/1/2017
408,193.75
408,193.75
9/1/2017
5.20000%
260,000.00
408,193.75
668,193.75
1,076,387.50
3/1/2018
45,000.00
401,433.75
446,433.75
9/1 /2018
5.30000%
295,000.00
400,137.50
695,137.50
1,141,571.25
3/1/2019
30,000.00
392,320.00
422,320.00
9/1/2019
5.40000%
25,000.00
335,000.00
391,451.25
751,451.25
1,173,771.25
3/1/2020
381,683.75
381,683.75
9/1/2020
5.50000%
375,000.00
381,683.75
756,683.75
1,138,367.50
3/1/2021
371,371.25
371,371.25
9/1/2021
5.60000%
420,000.00
371,371.25
791,371.25
1,162,742.50
3/1/2022
359,611.25
359,611.25
9/1/2022
5.70000%
465,000.00
359,611.25
824,611.25
1,184,222.50
3/1/2023
346,358.75
346,358.75
9/1/2023
5.75000%
10,000.00
505,000.00
346,358.75
851,358.75
1,197,717.50
3/1/2024
331,840.00
331,840.00
9/1/2024
5.75000%
10,000.00
560,000.00
331,840.00
891,840.00
1,223,680.00
3/1/2025
315,740.00
315,740.00
9/1/2025
5.75000%
5,000.00
620,000.00
315,740.00
935,740.00
1,251,480.00
3/1/2026
297,915.00
297,915.00
9/1/2026
5.75000%
5,000.00
685,000.00
297,915.00
982,915.00
1,280,830.00
3/1/2027
278,221.25
278,221.25
9/1/2027
5.75000%
5,000.00
750,000.00
278,221.25
1,028,221.25
1,306,442.50
3/1/2028
256,658.75
256,658.75
9/1/2028
5.75000%
5,000.00
820,000.00
256,658.75
1,076,658.75
1,333,317.50
3/1/2029
233,083.75
233,083.75
9/1/2029
5.75000%
10,000.00
885,000.00
233,083.75
1,118,083.75
1,351,167.50
3/1/2030
207,640.00
207,640.00
9/1/2030
5.80000%
10,000.00
965,000.00
207,640.00
1,172,640.00
1,380,280.00
3/1/2031
179,655.00
179,655.00
9/1 /2031
5.80000%
10,000.00
1,050,000.00
179,655.00
1,229,655.00
1,409,310.00
3/1/2032
149,205.00
149,205.00
9/1/2032
5.80000%
15,000.00
1,135,000.00
149,205.00
1,284,205.00
1,433,410.00
3/1 /2033
116,290.00
116,290.00
9/1/2033
5.80000%
15,000.00
1,230,000.00
116,290.00
1,346,290.00
1,462,580.00
3/1/2034
80,620.00
80,620.00
9/1/2034
5.80000%
15,000.00
1,330,000.00
80,620.00
1,410,620.00
1,491,240.00
3/1/2035
42,050.00
42,050.00
9/1/2035
5.80000%
5,000.00
1,450,000.00
42,050.00
1,492,050.00
1,534,100.00
Outstanding Principal
$12,450,000.00
Matured Principal
2,805,000.00
Called Principal
120,000.00
Total Bond Issue
$15,375,000.00
Willdan Financial Services Page 1 of 1
Truckee Donner PUD
Community Facilities District No. 04-1 (Gray's Crossing)
REVISED DEBT SERVICE SCHEDULE
Dated Date: 7/13/2005
First Coupon: 9/1/2005
First Maturity: 9/1/2007
9/1/2005
3.50000%
$0.00
$131,191.33
$131,191.33
$131,191.33
3/1/2006
491,967.50
491,967.50
9/1/2006
3.50000%
0.00
491,967.50
491,967.50
983,935.00
3/1/2007
491,967.50
491,967.50
9/1/2007
3.50000%
50,000.00
491,967.50
541,967.50
1,033,935.00
3/1/2008
491,092.50
491,092.50
9/1/2008
3.62500%
70,000.00
491,092.50
561,092.50
1,052,185.00
3/1/2009
489,823.75
489,823.75
9/1/2009
3.75000%
100,000.00
489,823.75
589,823.75
1,079,647.50
3/1/2010
487,948.75
487,948.75
9/1/2010
4.00000%
125,000.00
487,948.75
612,948.75
1,100,897.50
3/1/2011
485,448.75
485,448.75
9/1/2011
4.00000%
150,000.00
485,448.75
635,448.75
1,120,897.50
3/1/2012
482,448.75
482,448.75
9/1/2012
4.12500%
180,000.00
482,448.75
662,448.75
1,144,897.50
3/1/2013
478,736.25
478,736.25
9/1/2013
4.25000%
210,000.00
478,736.25
688,736.25
1,167,472.50
3/1/2014
474,273.75
474,273.75
9/1/2014
4.37500%
240,000.00
474,273.75
714,273.75
1,188,547.50
3/1/2015
469,023.75
469,023.75
9/1/2015
4.50000%
275,000.00
469,023.75
744,023.75
1,213,047.50
3/1/2016
25,000.00
462,836.25
487,836.25
9/1/2016
4.62500%
310,000.00
462,173.75
772,173.75
1,260,010.00
3/1/2017
455,005.00
455,005.00
9/1/2017
4.75000%
355,000.00
455,005.00
810,005.00
1,265,010.00
3/1/2018
55,000.00
446,573.75
501,573.75
9/1/2018
4.75000%
395,000.00
445,132.50
840,132.50
1,341,706.25
3/1/2019
40,000.00
435,751.25
475,751.25
9/1/2019
4.87500%
35,000.00
440,000.00
434,697.50
909,697.50
1,385,448.75
3/1/2020
423,052.50
423,052.50
9/1/2020
5.00000%
485,000.00
423,052.50
908,052.50
1,331,105.00
3/1/2021
410,927.50
410,927.50
9/1/2021
5.20000%
5,000.00
530,000.00
410,927.50
940,927.50
1,351,855.00
3/1/2022
397,147.50
397,147.50
9/1/2022
5.20000%
10,000.00
585,000.00
397,147.50
982,147.50
1,379,295.00
3/1/2023
381,937.50
381,937.50
9/1/2023
5.20000%
5,000.00
645,000.00
381,937.50
1,026,937.50
1,408,875.00
3/1/2024
365,167.50
365,167.50
9/1/2024
5.20000%
5,000.00
710,000.00
365,167.50
1,075,167.50
1,440,335.00
3/1/2025
346,707.50
346,707.50
9/1/2025
5.20000%
5,000.00
775,000.00
346,707.50
1,121,707.50
1,468,415.00
3/1/2026
326,557.50
326,557.50
9/1/2026
5.25000%
10,000.00
840,000.00
326,557.50
1,166,557.50
1,493,115.00
3/1/2027
304,507.50
304,507.50
9/1/2027
5.25000%
10,000.00
915,000.00
304,507.50
1,219,507.50
1,524,015.00
3/1/2028
280,488.75
280,488.75
9/1/2028
5.25000%
10,000.00
995,000.00
280,488.75
1,275,488.75
1,555,977.50
3/1/2029
254,370.00
254,370.00
9/1/2029
5.25000%
15,000.00
1,075,000.00
254,370.00
1,329,370.00
1,583,740.00
3/1/2030
226,151.25
226,151.25
9/1/2030
5.25000%
15,000.00
1,165,000.00
226,151.25
1,391,151.25
1,617,302.50
3/1/2031
195,570.00
195,570.00
9/1 /2031
5.30000%
15,000.00
1,260,000.00
195,570.00
1,455,570.00
1,651,140.00
3/1 /2032
162,180.00
162,180.00
9/1/2032
5.30000%
15,000.00
1,360,000.00
162,180.00
1,522,180.00
1,684,360.00
3/1 /2033
126,140.00
126,140.00
9/1/2033
5.30000%
15,000.00
1,465,000.00
126,140.00
1,591,140.00
1,717,280.00
3/1/2034
87,317.50
87,317.50
9/1/2034
5.30000%
10,000.00
1,590,000.00
87,317.50
1,677,317.50
1,764,635.00
3/1 /2035
45,182.50
45,182.50
9/1/2035
5.30000%
10,000.00
1,705,000.00
45,182.50
1,750,182.50
1,795,365.00
Outstanding Principal
$15,085,000.00
Matured Principal
3,915,000.00
Called Principal
155,000.00
Total Bond Issue
$19,155,000.00
Willdan Financial Services Page 1 of 1
W WILLDAN
EXHIBIT E
TRUCKEE DONNER PUD COMMUNITY FACILITIES DISTRICT NO. 04-1
(GRAYS CROSSING)
Rate and Method of Apportionment
APPENDIX A
RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX
A Special Tax applicable to each Assessor's Parcel in the Truckee Donner Public Utility District Community
Facilities District No. 04-1 (Gray's Crossing) [herein "CFD No. 04-I" ] shall be levied and collected according to the
tax liability determined by the Board of Directors or its designee, through the application of the appropriate amount
or rate for Taxable Property, as described below. All of the property in CFD No. 04-1, 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, including property subsequently annexed to the CFD unless a separate Rate and Method of Apportionment
is adopted for the annexation area.
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 or other parcel
map recorded with the County.
"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 California Government Code.
"Administrative Expenses" means any or all of the following: the fees and expenses of any fiscal agent or trustee
(including any fees or expenses of its counsel) employed in connection with any Bonds, and the expenses of the
TDPUD carrying out its duties with respect to CFD No. 04-1 and the Bonds, including, but not limited to, levying
and collecting the Special Tax, the fees and expenses of legal counsel, charges levied by the County Auditor's
Office, Tax Collector's Office, and/or Treasurer's Office, costs related to annexing property into the CFD, costs
related to property owner inquiries regarding the Special Tax, amounts needed to pay rebate to the federal
government with respect to the Bonds, costs associated with complying with any continuing disclosure requirements
for the Bonds and the Special Tax, and all other costs and expenses of the TDPUD in any way related to the
establishment or administration of the CFD.
"Administrator" means the person or firm designated by the TDPUD to administer the Special Tax according to
this Rate and Method of Apportionment of Special Tax.
"Affordable Unit" means any Unit within CFD No. 04-1 which is subject to (i) a deed -restricted cap limiting the
appreciation that can be realized by the owner of the Unit for thirty (30) years, or (ii) another such deed restriction
that replaces the 30-year appreciation cap in future years. In the Fiscal Year after the Fiscal Year in which the deed -
restriction on an Affordable Unit expires, such Unit shall be taxed as Single Family Detached Property or Single
Family Attached Property, as applicable.
"Assessor's Parcel" or "Parcel" means a lot or parcel, including an airspace parcel for a condominium unit or Loft
Unit, shown on an Assessor's Parcel Map with an assigned Assessor's Parcel number.
"Assessor's Parcel Map" means an official map of the County Assessor designating parcels by Assessor's Parcel
number.
"Association Property" means any property within the CFD that is owned by a homeowners association, excluding
such property under the pad or footprint of a Unit. Association Property shall also include property designated as
open space in a recorded Final Map whether or not such property has yet been dedicated to a homeowners
association, public agency, or private land trust.
"Board of Directors" or `Board" means the Board of Directors of the TDPUD
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"Bonds" means bonds or other debt (as defined in the Act), whether in one or more series, issued, insured or
assumed by CFD No. 04-1 related to public infrastructure and/or improvements that are authorized to be funded by
CFD No. 04-1.
"Building Square Footage" means the total gross square footage of the floor area of a non-residential building
determined by calculating the combined floor area contained within the building's exterior walls including the area
of an addition where floor area is increased. Parking areas and exterior walkways shall not be included in the
calculation of Building Square Footage.
"Capitalized Interest" means funds in any capitalized interest account available to pay debt service on Bonds.
"Center for the Arts Property" means the property on which a building permit has been issued for construction of
the "Center for the Arts" required pursuant to the Development Agreement, subject to the limitation set forth in
Section G below.
"CFD Formation" means the date on which the Resolution of Formation to form CFD No. 04-1 was adopted by the
Board of Directors.
"Church Property" means, in any Fiscal Year, any Parcel in CFD 04-1 that meets both of the following criteria: (i)
the Parcel is owned by a religious organization which is exempt from ad valorem property tax, and (ii) a building
permit has been issued for construction of a building on the Parcel that will be used solely as a place of worship.
The amount of Church Property within the CFD shall be subject to the limitation set forth in Section G below.
"County" means the County of Nevada.
"Developed Property" means, in any Fiscal Year, the following:
• for Single Family Detached Property, all parcels for which a Final Map was recorded
prior to May I of the preceding Fiscal Year
• for Single Family Attached Property, all parcels for which a building permit for new construction
of a residential structure was issued prior to May 1 of the preceding Fiscal Year
• for Golf Course Property, all Parcels that make up the Golf Course Property if the certificate of
occupancy for the proshop or clubhouse associated with the golf course was issued at least twenty-
four (24) months in advance of May 1 of the preceding Fiscal Year
• for Non -Residential Property, all parcels for which a building permit for new construction of a
non-residential structure (which may include Loft Units) was issued prior to May 1 of the
preceding Fiscal Year
"Development Agreement" means the Development Agreement executed between the Town and Gray's Crossing
LLC on March 25, 2004.
"Excess Public Property" means the acres of Public Property that exceed the acreage exempted in Section G
below. In any Fiscal Year in which a Special Tax must be levied on Excess Public Property pursuant to Step 5 in
Section E below, Excess Public Property shall be those Assessor's Parcel(s) that most recently became Public
Property based on the dates on which Final Maps recorded creating such Public Property or, if an Assessor's Parcel
became Public Property other than through a Final Map, as determined by the Administrator.
"Expected Affordable Units" means a total of 36 Units within CFD No. 04-1 that are expected to be Affordable
Units. If, in any Fiscal Year, the Administrator identifies a total number of Affordable Units within CFD No. 04-1
that exceeds 36 Units, only the first 36 Units for which building permits were 'issued shall remain exempt from the
Special Tax pursuant to Section G below. Affordable Units for which permits are issued after building permits for
the 36 Expected Affordable Units have been issued shall be taxed as follows: (i) based on the size of the lot if the
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Unit is Single Family Detached Property, as Single Family Attached Property if the Unit meets the definition set
forth for such property below, or (iii) as a Loft Unit if the Unit is Iocated above a retail establishment.
"Expected Land Uses" means the total number of Units and size of SFD Lots expected to be constructed within the
CFD as determined from time to time by the Administrator after applying the steps in Section D below. At CFD
Formation, the Expected Land Uses were those expected to be reflected in the Tentative Map. The Expected Land
Uses at CFD Formation are summarized in Attachment 1 hereto; the Administrator shall update Attachments 1 and 2
each time a change occurs to the land use plans for property in the CFD.
"Expected Maximum Special Tax Revenues" means the amount of annual revenue that would be available if the
Maximum Special Tax was levied on the Expected Land Uses. The Expected Maximum Special Tax Revenues as
of CFD Formation are shown in Attachment I of this Rate and Method of Apportionment of Special Tax.
"Final Bond Sale" means the last series of Bonds that will be issued on behalf of CFD No. 04-1 (excluding any
Bond refundings), as determined in the sole discretion of the TDPUD.
"Final Map" means a final map, or portion thereof, recorded by the County pursuant to the Subdivision Map Act
(California Government Code Section 66410 et seq.) that creates individual lots on which building permits for new
construction may be issued without further subdivision and for which no further subdivision is anticipated pursuant
to the Tentative Map.
"Fiscal Year" means the period starting July 1 and ending on the following June 30.
"Fitness Facility Property" means any Assessor's Parcels within the CFD that meets both of the following criteria
(i) a building permit has been issued for construction of a swim or fitness facility on the Parcel, and (ii) based on the
size of the Parcel, no other buildings can be constructed on the Parcel.
"Fractional Unit" means a single family detached unit or a single family attached unit for which multiple owners
may each purchase a fractional share of ownership (also referred to as a timeshare unit by the California Department
of Real Estate).
"Golf Course Property" means any property within CFD No. 04-1 that is used as a golf course, including but not
limited to, a driving range, clubhouse, pro shop, parking, outbuildings, and other golf -related amenities. Golf
Course Property shall also include any property within the CFD that is used or expected to be used for a swim and/or
fitness facility if such facility is located on the same Assessor's Parcel as the clubhouse, pro shop or other golf -
related buildings.
"Lodging Unit" means a unit that is (i) offered for rent to the general public on an overnight or limited stay basis, as
defined in the Development Agreement, and (ii) constructed within the geographic area labeled Neighborhood
Commercial in Attachment 2. If Fractional Units are built within the Neighborhood Commercial area, all such units
shall be taxed at the same rate as other Units of Single Family Attached Property within the CFD.
"Loft Unit" means a residential Unit located above and attached to a commercial establishment, which shall not
under any circumstance include a residential Unit within which the owner of such Unit operates an at-home business
operation.
"Maximum Special Tax" means the greatest amount of Special Tax that can be levied on an Assessor's Parcel in
any Fiscal Year determined in accordance with Section C below, as may be adjusted pursuant to Step 3 in Section D
below.
"Non -Residential Property" means, in any Fiscal Year, all Parcels of Taxable Property which are not Single
Family Detached Property, Single Family Attached Property, Golf Course Property, Loft Units, Association
Property, Excess Public Property, or Undeveloped Property. As discussed below, Loft Units shall be taxed
separately from the non-residential Building Square Footage on the Parcel.
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"Proportionately" means, for Developed 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
Developed Property, and for Undeveloped Property that the ratio of the actual Special Tax to the Maximum Special
Tax is equal for all Assessor's Parcels of Undeveloped Property.
"Public Property" means any property within the boundaries of CFD No. 04-1 that is owned by the federal
government, the State of California, the County, the Town, the TDPUD, or other public agency.
"Rental Property" means, in any Fiscal Year, all Parcels within the CFD for which a building permit was issued
for construction of a residential structure with multiple Units that share common walls, all of which are offered or
are expected to be offered for rent to the general public and/or employees. Fractional Units and Loft Units within
the CFD shall at no time be categorized as Rental Property. Lodging Units shall also be categorized as Rental
Property for purposes of this Rate and Method of Apportionment of Special Tax.
"SFD Lot" means an individual residential lot, identified and numbered on a recorded Final Map, on which a
building permit has been or is permitted to be issued for construction of a single family detached unit without further
subdivision of the lot and for which no further subdivision of the lot is anticipated pursuant to the Tentative Map.
"Single Family Attached Property" means, in any Fiscal Year, all Parcels of Developed Property for which a
building permit was issued for construction of a residential structure consisting of two or more Units that share
common walls and are offered or expected to be offered as for -sale units, including, but not limited to, such
residential structures that meet that statutory definition of a condominium contained in Civil Code Section 1351.
"Single Family Detached Property" means, in any Fiscal Year, all Parcels of Developed Property for which a
building permit was issued or is permitted to be issued for constriction of a Unit that does not share a common wall
with another Unit, including detached Fractional Units.
"Special Tax" means a Special Tax levied in any Fiscal Year to pay the Special Tax Requirement.
"Special Tax Requirement" means the amount necessary in any Fiscal Year to: (i) pay principal and interest on
Bonds which is due in the calendar year that begins in such Fiscal Year; (ii) create and/or replenish reserve funds for
the Bonds; (iii) cure any delinquencies in the payment of principal or interest on Bonds which have occurred in the
prior Fiscal Year or, based on existing delinquencies in the payment of Special Taxes, are expected to occur in the
Fiscal Year in which the tax will be collected; (iv) pay Administrative Expenses; and (v) pay the costs of public
improvements and public infrastructure authorized to be financed by CFD No. 04-1. The amounts referred to in
clauses (i) and (ii) of the preceding sentence may be reduced in any Fiscal Year by: (i) interest earnings on or
surplus balances in funds and accounts for the Bonds to the extent that such earnings or balances are available to
apply against debt service pursuant to a Bond indenture, Bond resolution, or other legal document that sets forth
these terms; (ii) proceeds received by CFD No. 04-1 from the collection of penalties associated with delinquent
Special Taxes; and (iii) any other revenues available to pay debt service on the Bonds as determined by the
Administrator.
"Taxable Property" means all of the Assessor's Parcels within the boundaries of CFD No. 04-1 which are not
exempt from the Special Tax pursuant to law or Section G below.
"Tax Zone" means one of the two mutually exclusive geographic areas defined below and identified in Attachment
2 of this Rate and Method of Apportionment of Special Tax, and any subsequent Tax Zones created to contain
property annexed into the CFD after CFD Formation.
"Tax Zone #V means the geographic area that is specifically identified in Attachment 2 of this Rate and Method of
Apportionment of Special Tax as Tax Zone # 1.
"Tax Zone #2" means the geographic area that is specifically identified in Attachment 2 of this Rate and Method of
Apportionment of Special Tax as Tax Zone #2.
"TDPUD" means the Truckee Donner Public Utility District.
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"Tentative Map" means the tentative subdivision map for the Gray's Crossing Planned Development approved by
the Town on February 5, 2004.
"Town" means the incorporated Town of Truckee.
"Undeveloped Property" means, in any Fiscal Year, all Parcels of Taxable Property within the CFD that are not
Developed Property.
"Unit" means (i) for Single Family Detached Property, an individual single-family detached unit, (ii) an individual
Loft Unit, and (iii) for Single Family Attached Property, an individual residential unit within a duplex, triplex,
fourplex, townhome, or condominium structure.
B. DATA FOR ANNUAL ADMINISTRATION
On or about July I of each Fiscal Year, the Administrator shall identify the current Assessor's Parcel numbers for all
Parcels of Taxable Property. The Administrator shall also determine: (i) whether each Assessor's Parcel of Taxable
Property is Developed Property or Undeveloped Property, (ii) for Developed Property, which Parcels are Single
Family Detached Property, Single Family Attached Property, Loft Units, Golf Course Property and Non -Residential
Property, (iii) for Parcels of Single Family Attached Property, the number of Units on each Parcel, (iv) for Single
Family Detached Property, the size of each residential lot within Final Maps that have been recorded, (v) whether
there are Parcels of Rental Property, Excess Public Property, or Parcels with Affordable Units, and (vi) the Special
Tax Requirement.
For Single Family Attached Property, the number of Units shall be determined by referencing the site plan,
condominium plan, or other development plan. For Non -Residential Property that includes Loft Units, the
Administrator shall reference the condominium map or other such development plan to determine the Building
Square Footage, or if such map or plan is not available, the Administrator shall determine the Building Square
Footage associated with the Loft Units and subtract the square footage thereof from the total Building Square
Footage to determine the square footage that will be subject to the Maximum Special Tax for Non -Residential
Property. If, in any Fiscal Year, an Assessor's Parcel includes both Developed Property and Undeveloped Property,
the Administrator shall determine the Acreage associated with the Developed Property, subtract this Acreage from
the total Acreage of the Assessor's Parcel, and use the remaining Acreage to calculate the Special Tax that will
apply to Undeveloped Property within the Assessor's Parcel.
In addition, the Administrator shall, on an ongoing basis, monitor whether changes in land use have been proposed
that will affect the Expected Land Uses and whether Final Maps that have been proposed for approval by the Town
are consistent with the Expected Land Uses. If changes to the Expected Land Uses are proposed, the Administrator
shall apply the steps set forth in Section D below.
C. MAXIMUM SPECIAL TAX
L Single Family Detached Property
The Maximum Special Tax for Single Family Detached Property for Fiscal Year 2004-05 is shown in Table I
below:
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TABLE 1
TDPUD CFD No. 2004-1
Maximum Special Tax for Single Family Detached Property
Maximum Special Tax in
Maximum Special Tax
Tax Zone #1
in Tax Zone #2
Type of Propert
y
Lot Size
Fiscal Year 2004-05 *
Fiscal Year 2004-05
Single Family
Greater than
$3,300 per
$4,125 per
Detached Property.22,000
square feet
SFD Lot
SFD Lot
Single Family
20,001 to 22,000
$3,200 per
$4,000 per
Detached Property___._s
uare feet
SFD Lot
SFD Lot
Single Family
18,001 to 20,000
$3,100 per
$3,875 per
Detached Property
square feet
SFD Lot
SFD Lot
Single Family
16,001 to 18,000
$3,000 per
$3,750 per
Detached Property
square feet
SFD Lot
SFD Lot
Single Family
14,001 to 16,000
$2,900 per
$3,625 per
Detached Property
sclIjaLefieet
SFD Lot
SFD Lot
Single Family
12,001 to 14,000
$2,800 per
$3,500 per
Detached Property
s uare feet
SFD Lot
SFD Lot
Single Family
8,000 to 12,000
$2,700 per
$3,375 per
Detached Property
square feet
SFD Lot
SFD Lot
Single Family
Less than
$1,800 per
$1,800 per
Detached Property
8,000 square feet
SFD Lot
SFD Lot
On July 1, 2005 and on each July I thereafter, the Maximum Special Taxes shown in Table I above shall be
increased by an amount equal to two percent (2%) of the amount in effect for the prior Fiscal Year.
The square footage of SFD Lots shall be determined by reference to County Assessor's Parcel Maps or, to the extent
such Maps do not reflect square footage of the SFD Lots, by reference to the lot size summary provided by the
engineering firm that produced the Final Map.
2. Single Family Attached Property
The Maximum Special Tax for Single Family Attached Property for Fiscal Year 2004-05 is $1,800 per Unit. On
July 1, 2005 and on each July I thereafter, this Maximum Special Tax shall be increased by an amount equal to two
percent (21/6) of the amount in effect for the prior Fiscal Year.
3. Loft Units
The Maximum Special Tax for Loft Units for Fiscal Year 2004-05 is $1,200 per Unit. On July 1, 2005 and on each
July 1 thereafter, this Maximum Special Tax shall be increased by an amount equal to two percent (2%) of the
amount in effect for the prior Fiscal Year.
4. Non -Residential Property
The Maximum Special Tax for Non -Residential Property for Fiscal Year 2004-05 is $2.50 per square foot of
Building Square Footage, On July 1, 2005 and on each July I thereafter, this Maximum Special Tax shall be
increased each Fiscal Year thereafter by an amount equal to two percent (2%) of the amount in effect the prior Fiscal
Year.
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5. Golf Course Property
The Maximum Special Tax assigned to Golf Course Property for Fiscal Year 2004-05 is $200,000, On July 1, 2005
and on each July I thereafter, this Maximum Special Tax shall be increased each Fiscal Year thereafter by an
amount equal to two percent (2%) of the amount in effect the prior Fiscal Year. If the Golf Course Property is fully
contained within one Assessor's Parcel, the Maximum Special Tax identified above shall be collected from the
Parcel. If the Golf Course Property is spread over more than one Assessor's Parcel, the following steps shall be
applied in the first Fiscal Year in which the Golf Course Property is Developed Property to determine the Maximum
Special Tax to be assigned to each Parcel:
Step 1: Multiply the total Maximum Special Tax assigned to the Golf Course Property by fifty
percent (50%);
Step 2: Determine the combined Acreage of all Assessor's Parcels on which the clubhouse, pro
shop, driving range, parking lot, and other outbuildings are located;
Step 3: Divide the amount determined in Step 1 by the Acreage identified in Step 2 to calculate a
per -acre Special Tax;
Step 4: Multiply the per -acre Special Tax calculated in Step 3 by the Acreage of each Assessor's
Parcel on which the clubhouse, pro shop, driving range, parking lot, and other
outbuildings are located to calculate the Maximum Special Tax for each of the Parcels;
Step 5: Determine the combined Acreage of all Assessor's Parcels of Golf Course Property that
were not included in the Acreage calculated in Step 2 above;
Step 6: Divide the amount determined in Step 1 by the Acreage calculated in Step 5 to calculate a
per -acre Special Tax;
Step 7. Multiply the per -acre Special Tax calculated in Step 6 by the Acreage of each Assessor's
Parcel included in the figure determined in Step 5 to calculate the Maximum Special Tax
for each of the Parcels.
The Maximum Special Tax determined for each Assessor's Parcel of Golf Course Property pursuant to the
steps set forth above shall be increased on July 1 of the following Fiscal Year, and on each July 1
thereafter, by an amount equal to two percent (2%) of the amount in effect the prior Fiscal Year. If an
Assessor's Parcel of Golf Course Property is further subdivided or otherwise reconfigured, the Maximum
Special Tax assigned to the Parcel shall be allocated to the new Parcels on an Acreage basis.
6. Undeveloped Property
The Maximum Special Tax for Undeveloped Property for Fiscal Year 2004-05 is $1 7, 500 per Acre
On July I, 2005 and on each July 1 thereafter, this Maximum Special Tax shall be increased by
an amount equal to two percent (2%) of the amount in effect for the prior Fiscal Year.
D. BACK-UP FORMULA
The Maximum Special Taxes set forth in Section C above were calculated based on the Expected Land Uses at CFD
Formation. The Administrator shall review Tentative Map revisions and other changes to the land uses within the
CFD and compare the revised land uses to the Expected Land Uses to evaluate the impact on the Expected
Maximum Special Tax Revenues. In addition, the Administrator shall review Final Maps to ensure they reflect the
number and size of SFD Lots that were anticipated in the Tentative Map.
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If, prior to the Final Bond Sale, a change to the Expected Land Uses (a "Land Use/Entitlement Change") is
proposed that will result in a reduction in the Expected Maximum Special Tax Revenues, no action will be needed
pursuant to this Section D as long as the reduction in Expected Maximum Special Tax Revenues does not reduce
debt service coverage on outstanding Bonds below the amount committed to in the Bond documents. Upon approval
of the Land Use/Entitlement Change, the Administrator shall update Attachment I to show the reduced Expected
Maximum Special Tax Revenues, and the reduced Expected Maximum Special Tax Revenues shall be the amount
used to by the TDPUD to make future decisions with respect to Bonds.
If a proposed Land Use/Entitlement Change would reduce the debt service coverage required on outstanding Bonds
or if the Land Use/Entitlement Change is proposed after the Final Bond Sale, the following steps shall be applied:
Step 1: By reference to Attachment I (which will be updated by the Administrator each time a
Land Use/Entitlement Change has been processed according to this Section D), the
Administrator shall identify the Expected Maximum Special Tax Revenues for CFD No.
04-1;
Step 2: The Administrator shall calculate the Maximum Special Tax revenues that could be
collected from property in the CFD if the Land Use/Entitlement Change is approved;
Step 3: If the amount determined in Step 2 is higher than that calculated in Step 1, the Land
Use/Entitlement Change may be approved without further action. If the revenues
calculated in Step 2 are less than those calculated in Step 1, and if:
(a) The landowner does not withdraw the request for the Land Use/Entitlement
Change that was submitted to the Town; or
(b) Before approval of the Land Use/Entitlement Change, the landowner requesting
the Land Use/Entitlement Change does not prepay a portion of the Special Tax
for the CFD in an amount that corresponds to the lost Maximum Special Tax
revenue, as determined by applying the steps set forth in Section H below;
then, the amount of the prepayment determined in Step 3.b shall be allocated on a per -acre basis and
included on the next property tax bill for all Assessor's Parcels within the property affected by the Land
Use/Entitlement Change. The amount allocated to each Assessor's Parcel shall be added to and, until paid,
shall be a part of, the Maximum Special Tax for the Assessor's Parcel.
If multiple Land Use/Entitlement Changes are proposed at one time (which may include approval of
multiple Final Maps at one time), the Administrator may consider the combined effect of all the Land
Use/Entitlement Changes to determine if there is a reduction in Expected Maximum Special Tax Revenues
that necessitates implementation of Step 3.b. If, based on this comprehensive analysis, the Administrator
determines that there is a reduction in Expected Maximum Special Tax Revenue, and all of the Land
UsevEndtlement Changes are being proposed by the same land owner, the Administrator shall determine
the required prepayment (pursuant to Step 3.b) by analyzing the combined impact of all of the proposed
Land Use/Entitlement Changes. Notwithstanding the foregoing, if the Administrator analyzes the
combined impacts of multiple Land Use/Entitlement Changes, and the Town subsequently does not
approve one or more of the Land Use/Entitlement Changes that was proposed, the Administrator shall once
again apply the three steps set forth above to determine the combined impact of those Land
Use/Entitlement Changes that were approved simultaneously by the Town.
If, based on the comprehensive analysis, the Administrator determines that there is a
reduction in Expected Maximum Special Tax Revenue, and the Land Use/Entitlement
Changes are not all being proposed by the same land owner, the Administrator shall consider
the proposed Land Use/Entitlement Changes individually to determine the required
prepayment from each owner.
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E. METHOD OF LEVY OF THE SPECIAL TAX
Each Fiscal Year, the Administrator shall determine the Special Tax Requirement to be collected in that Fiscal Year,
and the Special Tax shall be levied according to the steps outlined below.
Step 1: The Special Tax shall be levied Proportionately on each Parcel of Developed Property
within the CFD that is Single Family Detached Property, Single Family Attached
Property, or a Loft Unit up to 100% of the Maximum Special Tax for each Parcel for
such Fiscal Year until the amount levied on such Developed Property is equal to the
Special Tax Requirement prior to applying any Capitalized Interest that is available in
the CFD accounts.
Step 2: If additional revenue is needed after Step 1, and after applying Capitalized Interest to the
Special Tax Requirement, the Special Tax shall be levied Proportionately on each Parcel
of Developed Property within the CFD that is Non -Residential Property up to 100% of
the Maximum Special Tax for such Developed Property for such Fiscal Year determined
pursuant to Section C.
Step 3: If additional revenue is needed after Step 2, the Special Tax shall be levied
Proportionately on each Parcel of Developed Property within the CFD that is Golf
Course Property up to 100% of the Maximum Special Tax for such Developed Property
for such Fiscal Year determined pursuant to Section C.
Step 4: If additional revenue is needed after Step 3, 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 S: If additional revenue is needed after Step 4, the Special Tax shall be levied
Proportionately on each Parcel of Association 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 6: If additional revenue is needed after Step 5, the Special Tax shall be levied
Proportionately on each Assessor's Parcel of Excess Public Property, exclusive of
property exempt from the Special Tax pursuant to Section G below, up to 100% of the
Maximum Special Tax for Undeveloped Property for such Fiscal Year determined
pursuant to Section C.
F. COLLECTION OF SPECIAL TAX
The Special Taxes for CFD No. 04-1 shall be collected in the same manner and at the same time as ordinary ad
valorem property taxes, provided, however, that prepayments are permitted as set forth in Section H below and
provided further that the TDPUD 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 for Fractional Units may be billed either directly to individual fractional share owners or to a
homeowners association, which shall then bill the individual fractional share owners; non-payment of Special Taxes
billed by the homeowners association shall result in interest and penalties, and the fractional ownership shall be
subject to foreclosure proceedings as set forth in the Bond covenants.
The Special Tax shall be levied and collected until principal and interest on Bonds have been repaid, TDPUD's costs
of constructing or acquiring authorized facilities from Special Tax proceeds have been paid, and all administrative
expenses have been reimbursed. However, in no event shall a Special Tax be levied after Fiscal Year 204344.
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
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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.
G. EXEMPTIONS
Notwithstanding any other provision of this Rate and Method of Apportionment of Special Tax, no Special Tax shall
be levied on up to 42.2 acres of Public Property, 237.7 acres of Association Property, 2 acres of property on which
Lodge Units have been or, based on building permits that have been issued, are expected to be built, 0.67 of an acre
of Center for the Arts Property, Fitness Facility Property, and 9 acres of Church Property. A separate amount of
public acreage may be exempted each time property annexes into CFD No. 04-1, and such additional exemption
shall only apply to property within the annexation area. A Special Tax may be levied on Excess Public Property
pursuant to Step 5 of Section E; however, a public agency may prepay or cause the prepayment of the special tax
obligation on land conveyed to it that would be classified as Excess Public Property.
In addition, no Special Tax shall be levied in any Fiscal Year on Rental Property or Affordable Units.
H. PREPAYMENT OF SPECIAL TAX
The following definitions apply to this Section H:
"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 such 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 on behalf of the CFD prior to the date
of prepayment.
"Public Facilities Requirements" means either $24,000,000 in 2004 dollars, which shall increase on
January 1, 2005, and on each January 1 thereafter by the percentage increase, if any, in the construction
cost index for the San Francisco region for the prior twelve (12) month period as published in the
Engineering News Record or other comparable source if the Engineering News Record is discontinued or
otherwise not available, or such other number as shall he determined by the TDPUD to be an appropriate
estimate of the net construction proceeds that will be generated from all Bonds that have been or are
expected to be issued on behalf of CFD No. 2004-1. The Public Facilities Requirements shown above may
be adjusted or a separate Public Facilities Requirements identified each time property annexes into CFD
No. 04.1; at no time shall the added Public Facilities Requirement for that annexation area exceed the
amount of public improvement costs that are expected to be supportable by the Maximum Special Tax
revenues generated within that annexation area. In addition, the Public Facilities Requirement may be
adjusted if the total number of Units authorized to be constructed within the CFD is increased by the Town;
this adjustment to the Public Facilities Requirement shall not exceed the amount of public improvement
costs that are expected to be supportable by the Maximum Special Tax revenues generated by the
additional number of Units approved by the Town.
"Remaining Facilities Costs" means the Public Facilities Requirements (as defined above), minus public
facility costs funded by Outstanding Bonds (as defined above), developer equity, and/or any other source of
funding.
The Special Tax obligation applicable to an Assessor's Parcel in the CFD 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
TDPUD with written notice of intent to prepay. Within 30 days of receipt of such written notice, the TDPUD or its
designee shall notify such owner of the prepayment amount for such Assessor's Parcel. Prepayment must be made
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not less than 75 days prior to any redemption 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
Remaining Facilities Amount
plus
Redemption Premium
plus
Defeasance Requirement
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 TDPUD or, in the event of a prepayment pursuant to Step 3.b in Section
D, compute the amount by which the Maximum Special Tax revenues would be reduced
by the Land Use/Entitlement Change and use the amount of this reduction as the figure
for purposes of this Step 1.
Step 2. Divide the Maximum Special Tax from Step 1 by the then -current Expected Maximum
Special Tax Revenues for the CFD.
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 Remaining Facilities Costs (if any).
Step 5. Multiply the quotient computed pursuant to Step 2 by the amount determined pursuant to
Step 4 to compute the amount of Remaining Facilities Costs to be prepaid (the
"Remaining 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, which, depending on the
Bond offering document, may be as early as the next interest payment date.
Step 8: Compute the amount of interest the TDPUD 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 Requirement").
Step 10. Determine the costs of computing the prepayment amount, the costs of redeeming Bonds,
and the costs of recording any notices to evidence the prepayment and the redemption
(the Administrative Fees and Expenses').
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Step 11. If and to the extent so provided in the indenture pursuant to which the Outstanding Bonds
to be redeemed were issued, a reserve find credit shall be calculated as a reduction 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 11 (the `Prepayment
Amount").
A partial prepayment may be made in an amount equal to any percentage of full prepayment desired by the party
making a partial prepayment. The Maximum Special Tax that can be levied on an Assessor's Parcel after a partial
prepayment is made is equal to the Maximum Special Tax that could have been levied prior to the prepayment,
reduced by the percentage of a full prepayment that the partial prepayment represents, all as determined by or at the
direction of the Administrator.
I. INTERPRETATION OF SPECIAL TAX FORMULA
The TDPUD reserves the right to make minor administrative and technical changes to this document
that do not materially affect the rate and method of apportioning Special Taxes. In addition, the interpretation
and application of any section of this document shall be left to the TDPUD's discretion. Interpretations may
be made by the TDPUD by ordinance or resolution for purposes of clarifying any vagueness or ambiguity in
this Rate and Method of Apportionment of Special Tax.
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