HomeMy WebLinkAbout#11 Grays Crossing Special Tax AGENDA ITEM #11
Public Utility District m
MEETING DATE: March 6, 2024
TO: Board of Directors
FROM: Michael Salmon, Chief Financial Officer
SUBJECT: Consideration of Annual Resolutions for Special Tax: Gray's
Crossing and Old Greenwood Communities Facilities Districts
Z--
APPROVED BY:
Brian C. Wright, General Manager
RECOMMENDATION:
a) Adopt Resolution 2024-02 requesting Nevada County to collect the special taxes for
the Gray's Crossing 04-1 Community Facilities District; and
b) Adopt Resolution 2024-03 requesting Nevada County to collect the special taxes for
the Old Greenwood 03-1 Community Facility District.
BACKGROUND:
This item concerns requesting Nevada County to collect special taxes in the Old
Greenwood No. 03-1 and Gray's Crossing No. 04-1 Communities Facilities Districts by
the adoption of standard resolutions.
Resolution No. 9723 adopted on November 5, 1997 authorized the execution of a
standard form tax collection services contract on behalf of the District with the County of
Nevada. The contract states that the District must adopt an annual resolution
requesting placement of special taxes, special assessments and/or parcel charges on
the County of Nevada tax rolls. The lists are currently in preliminary form only and are
available in the Administrative Services Department. Final lists will be on record with
Nevada County and the District's Administrative Services Department.
On October 14, 2003, the District adopted Ordinance No. 2003-04, authorizing the levy
of a special tax within the Old Greenwood Community Facilities District No. 03-1.
On July 21, 2004, the District adopted Ordinance No. 2004-02, authorizing the levy of a
special tax within the Gray's Crossing Community Facilities District No. 04-1.
On January 15, 2014, the Board authorized the District to refinance the bonds of Old
Greenwood Community Facilities District No. 03-1, saving the Old Greenwood property
owners over $3 million over the term of the bond ending in 2032, and at no cost to the
TDPUD.
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ANALYSIS AND BODY:
This matter comes before the Board each year at this time. The District utilizes Nevada
County to collect special taxes as line items on the annual property tax bills. The
attached Resolutions facilitate these tax collections by the county.
GOALS AND OBJECTIVES:
District Code 1 .05.020 Objectives:
1. Responsibly serve the public.
6. Manage the District in an effective, efficient and fiscally responsible manner.
District Code 1 .05.030 Goals:
1. Manage for Financial Stability and Resiliency
FISCAL IMPACT:
The special tax dollars collected are deposited into the Old Greenwood and Gray's
Crossing Communities Facilities District funds on deposit with the Trustee, Bank of New
York Mellon. These funds are used to pay principal and interest payments on the
related bonds sold. The assessments for the 2023-2024 assessment period were
$849,100 for Old Greenwood and $3,032,800 for Gray's Crossing. The assessments
for the subject 2024-2025 assessment period are calculated over the next few months
of 2024.
ATTACHMENTS:
1. r2024-02 Assessment-GraysCrossingCFD-04-01 -NevadaCnty
2. r2023-03 Assessment-OldGreenwoodCFD 03-01-NevadaCnty
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Page 21 of 114
Attachment 1
iUCKEE r
Public Utility District
Resolution No. 2024-02
Fixing and Placing a Special Tax Levy on Community
Facilities District No. 04-1 (Gray's Crossing)
for Collection by the County of Nevada
WHEREAS, on July 21, 2004, the Board of Directors of the Truckee Donner Public Utility
District duly adopted Ordinance No. 2004-02, authorizing the levy of a special tax within
said Community Facilities District No. 04-1 (Grays Crossing) and providing a means for
collection thereof; and
WHEREAS, by Resolution No. 9723 adopted November 5, 1997, the Board of Directors
of the Truckee Donner Public Utility District approved execution of a continuous Standard
Form Tax Collection Services Contract with the County of Nevada; and
WHEREAS, the District has now determined the lands affected thereby and the charges
to be assessed, levied and collected on the lands and parcels within Tax Rate Area 003-
047; and
WHEREAS, the taxes on each parcel shall be billed on the secured tax roll bills for the
fiscal year 2024-2025.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner
Public Utility District as follows:
1. That the Board of Supervisors of the County of Nevada, State of California, levy
a special tax against the parcels and owners of record listed on the computer
itemization of parcels kept and maintained in the Administrative Services
Department of the District and made a part hereof by reference, and that the
County Auditor and Tax Collector be instructed to levy and collect said charges
in the same manner as County taxes as by law and in said ordinance provide.
Upon completion and correction of the current list through June 30, 2024, a copy
will be forwarded to the Auditor Controller of the County.
2. The District warrants and represents that charges imposed by the District and
being requested to be collected by Nevada County comply with all requirements
of state law, including but not limited to Articles XIIIC and MID of the California
Constitution (Proposition 218).
1
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Attachment 1
3. That a certified copy of this resolution be forwarded to the County Auditor of the
County of Nevada.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility
District at a meeting held within said District on March 6, 2024 by the following roll call
vote:
AYES:
NOES:
ABSENT:
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jeff Bender, President
ATTEST:
Brian Wright, General Manager
2
Page 23 of 114
Attachment 2
e' TRUCKEE
PublicDistrict
Resolution No. 2024-03
Fixing and Placing a Special Tax Levy on Community
Facilities District No. 03-1 (Old Greenwood)
for Collection by the County of Nevada
WHEREAS, on October 14, 2003, the Board of Directors of the Truckee Donner Public
Utility District duly adopted Ordinance No. 2003-04, authorizing the levy of a special tax
within said Community Facilities District No. 03-1 (Old Greenwood) and providing a
means for collection thereof; and
WHEREAS, by Resolution No. 9723 adopted November 5, 1997, the Board of Directors
of the Truckee Donner Public Utility District approved execution of a continuous Standard
Form Tax Collection Services Contract with the County Of Nevada; and
WHEREAS, the District has now determined the lands affected thereby and the charges
to be assessed, levied and collected on the lands and parcels within Tax Rate Area 003-
047; and
WHEREAS, the taxes on each parcel shall be billed on the secured tax roll bills for the
fiscal year 2024-2025.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner
Public Utility District as follows:
1. That the Board of Supervisors of the County of Nevada, State of California, levy
a special tax against the parcels and owners of record listed on the computer
itemization of parcels kept and maintained in the Administrative Services
Department of the District and made a part hereof by reference, and that the
County Auditor and Tax Collector be instructed to levy and collect said charges
in the same manner as County taxes as by law and in said ordinance provided.
Upon completion and correction of the current list through June 30, 2024 a copy
will be forwarded to the Auditor Controller of the County.
2. The District warrants and represents that charges imposed by the District and
being requested to be collected by Nevada County comply with all requirements
of state law, including but not limited to Articles XIIIC and MID of the California
Constitution (Proposition 218).
1
Page 24 of 114
Attachment 2
3. That a certified copy of this resolution be forwarded to the County Auditor of the
County of Nevada.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility
District at a meeting held within said District on March 6, 2024 by the following roll call
vote:
AYES:
NOES:
ABSENT:
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jeff Bender, President
ATTEST:
Brian Wright, General Manager
2
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